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Ukraine will produce enough gas to become self-sufficient in 10 years, said Prime Minister Mykola Azarov on Monday. "During 5-10 years, Ukraine will manage to extract own 30 billion cubic meters of natural gas. It will fully cover all our needs and in further energy saving, we will be able to export...
Ukraine imported 129 million cubic meters of natural gas from Poland in May, with a 26.5% monthly increase. Ukraine imports natural gas from Germany’s RWE through Poland, Hungary and Slovakia. The country is also seeking to receive gas supplies via Romania. Kiev is buying...
Ukraine is pushing for shale gas development and aims to conclude negotiations with US-based Chevron Corp. as early as next week. Its deal with an ExxonMobil-led consortium is expected by August. “I am pleased that our partnerships is gradually gaining ground,” said President...
Russia and Ukraine rise higher in the European ranking for technically recoverable shale gas resources, according to the report released on Monday by the US government’s Energy Information Administration (EIA). The new report presents fresh estimates on 95 basins in 41 countries, taking...
The shareholders of JKX Oil & Gas re-elected Paul Davies on Wednesday as Chief Executive Officer by a 4 percent margin, fending off a bid to oust him led by the two top investors Eclairs and Glengary. JKX, specialized in oil and gas markets in Ukraine, came to the fore on 23 May, when the two top...
UK exploration company JKX says it has successfully completed a second sidetrack of well M-166X in the Devonian sandstone reservoir in the Molchanovskoye North field of Ukraine. In a statement for investors, the company announced that the initial 12-hour flow rate stabilised at an average of 1,710...
Chevron Corp called for Europe-wide regulatory environment to be put in place to allow for shale gas development to move forwards. Speaking to Reuters, Derek Magness, Chevron's general manager for Europe, Asia and Middle East, said the multinational also supported the concept of local communities...
In preview of his appearance at theUnconventional Gas & Oil Summit scheduled for 3-6 June in London, Mr. Philip Lowe, Director General, Energy DG, European Commission, offered his perspectives on how Europe might take advantage of shale gas to potentially alleviate some of the economic malaise on...
The success of the Eastern Partnership depends on the success of Ukraine, as Ukraine is a key component of the Eastern Partnership, admitted guests of the 6th Europe-Ukraine Forum, which ended yesterday in Budapest. Almost all discussions during the three-day conference raised the issue of signing the...
Kulczyk Oil Ventures Inc. has announced that four potential gas zones with an aggregate thickness of 23 metres have been identified in the Olgovskoye-15 ("O-15") well and that O-15 has been cased to a total measured depth of 3,246 metres as a potential gas well. The O-15 well was drilled as a directional...
