Weekly news digest September 08-14, 2014


The last week will be memorized for a number of important events. Perhaps, the most important news is a sharp decrease of oil price in world markets. Brent and WTI oil reached its minimum for a year and half. The other news is introduction of new sanctions by the US against Russia that includes almost all leading oil and gas companies both state and private such as Gazprom, LUKOIL, Transneft, Gazprom neft, Surgutneftegaz. Exxon и Shell reported they are ready to follow the sanctions against Russia. The sanctions will apply to supply of equipment and technology for oil and gas industry in Russia. Both of the news shocked the industry threatening almost all new production projects.



Ukrainian companies
Ukrgazdobycha opened a new oil and gas field in Kharkov region
Ukrgazdobycha is losing 340 thousand cubic meters of gas per day in Donbass
Ukrnafta did not wish to part with 500 million UAH of payments to the state budget
Nadra of Ukraine intends to cooperate with PetrosantanderIncorporated
Ukraine produces 50-55 MMCM of gas per day,- Prodan
Naftogaz reserved funds to pay off eurobonds to the amount of 1.6 billion Euro
Ukrgazdobycha intends to produce 15.12 BCM of gas in 2014
Foreign companies
Shell and Chevron still did not give consent to withdraw from production sharing agreement of SPK-Geoservice, - Mokhnik
Ukrtransgaz put in order for development survey in UGS wells to the amount of 41 billion UAH
The President signed the law on GTS reform
In 2 days Poland is going to renew gas reverse to Ukraine
Politics and the world
The Ministry of Energy brings into commercial development 9 new oil and gas fields
The United States imposed sanctions against Gazprom, LUKOIL and Sberbank
Yatseniuk: in five years Ukraine will no longer depend on the RF
Moscow is trying to prevent reverse gas to Ukraine
Expert on a new gas crisis: this time the Kremlin “will breake off”