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WEEKLY NEWS DIGEST 20-26.07.2015

 
The last week there happened two important events in the oil and gas industry at once. At first, on Wednesday 22nd of July there was held a long expected Ukrnafta shareholders’ meeting and on Friday 24th of July State Geological service held an auction for 5 oil and gas fields. The auction turned out to be successful; the initial price increased multiple times which means there is a significant interest in oil and gas production in Ukraine.
 
CONTENTS
 
OIL AND GAS FIELD WEEKLY REVIEW
UKRAINIAN COMPANIES
Ukrnafta shareholders elected British citizen Rollins as the Head of company
A criminal case was opened upon plunders for millions in Chernomorneftegaz
Ukrnafta’s minority shareholders filed a lawsuit in the British court against Naftogaz for infringement of the shareholder agreement - the head of Naftogaz
On a memorandum with Frontera and the establishment of a vertically integrated oil company with Kolomoisky - the head of Naftogaz
DTEK, Burisma and JKX will compete tomorrow for oil and gas area in Kharkiv region put up for auction held by Gosgeonedra
INTERNATIONAL COMPANIES
Schlumberger’s net profit decreased by 34% in the first half of 2015
Company of a co-owner of AMІC EnergyHolding actively cooperated with LUKOIL
Workover technology was presented in Poltava (PHOTO)
INFRASTRUCTURE
Ukraine intends to increase gas purchases through American TrailStone
Ukraine found those who will pay for solution of its gas problems
Whether Ukraine will retain gas transit revenues?
Ukraine’s largest biogas plant will be built in Ivano-Frankivsk region
Vadim Chernov: heavy oil from Rava-Ruska is a project by means of which I want to enhance energy independence of Ukraine.
POLITICS AND WORLD
Gosgeonedr: Ukraine has held the first auction for sale of oil and gas blocks
Prime Minister urged parliament to support proposal of two time reduction of rent for subsoil use
New rental rates: rise of gas production or collapse of budget?
After rent cut mining companies are ready to increase gas production to 1 billion cubic meters for two years