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Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2015-06-08 18:50:00

POLISH DREAM MURDER

POLISH DREAM MURDER

The toll of failure in the Polish shale gas experience continues to mount with the departure of the last major.

ConocoPhillips announced on is Friday that is was withdrawing from shale gas exploration in Poland.

"Unfortunately, commercial volumes of natural gas were not encountered," commented country manager Tim Wallace in a statement.

The company said had drilled seven wells in its three Western Baltic concessions encompassing approximately 500,000 acres, investing approximately $220 million through its subsidiary Lane Energy Poland since 2009.

In January of this year, Chevron Corp, the leader in multinational efforts to develop shale gas resources in Europe, announced that it would not continue operations in Poland.

Earlier Exxon Mobil, Marathon, ENI SpA, Talisman Energy and Total SA, packed their bags and left Poland amid challenging geology, bureaucratic entanglements, delays in establishing fiscal and regulatory reforms, all topped off by significant downgrades in the estimates of shale gas reserves.

The departure by ConocoPhillips leaves domestic state-backed players players such as a PGNIG and PKN Orlen to keep the Poland's diminishing shale dream alive.

naturalgaseurope.com

Tags: SHALE, GAS, POLAND, CONOCOPHILLIPS, CHEVRON
POLISH DREAM MURDER September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

POLISH DREAM MURDER September, 20, 09:00:00

GAS PRICES UP TO $3.146

POLISH DREAM MURDER September, 20, 08:55:00

ЦЕНА URALS: $51,81591

POLISH DREAM MURDER September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

POLISH DREAM MURDER September, 20, 08:45:00

RENEWABLE'S FUTURE

POLISH DREAM MURDER September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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POLISH DREAM MURDER
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

POLISH DREAM MURDER
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

POLISH DREAM MURDER
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

POLISH DREAM MURDER
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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