Weekly News Digest October 27 – November 2, 2014

In today’s issue of the digest you will find the summary of the news for October. The main event was signing of «gas agreement» between Ukraine and Russia with the EU as an intermediary. Although they did not manage to resolve all the issues, the tension in gas problem is decreased. We have all premises for Ukraine to go through the heating season with no major complications.

Ukrainian companies
Naftogaz of Ukraine increased net loss 12 times for 9 months of 2014
Oil producing companies will choose their own exchange to sell hydrocarbons
Naftogaz reduced profit from gas transit by 27% for 9 months of 2014
Nadra of Ukraine completed the quarter having a loss of 6 million
Foreign companies
Net profit of British was adjusted up to 19%
Eni discovered large gas field near Indonesia
Shell may refuse plans for drilling at the Arctic shelf
Rosneft will explore the Crimean shelf
Total sells 8% in the Norwegian field to the Polish PGNiG
Net profit of Rosneft reduced by 37%
BurismaHoldings discovered 16 new wells in Ukraine for the year
Gas limit prices for the industrial consumers were increased by 4.64%
Gas supplies to the area of ATO may be stopped - Naftogaz
Bioenergetic complex was launched in Poltava region
Politics and world
Ukraine, Russia and the European Union signed an agreement on gas supplies
China fills strategic reserve with a cheap oil
Rosneft offers Putin to introduce for Europe full advance payment for gas – mass-media
Hydrocarbons reserves of Azerbaijan amount to 10 billion tons of oil equivalent
Ukraine will receive from Gazprom up to 114 MMCM of gas per day
Africa will displace Russia from a position of gas production leader