Weekly news digest March 17-23 of 2014

The comeback of Yuliya Timoshenko coincided with the intensification of activities of the law enforcement bodies against energy officials.

While Kyiv is in the race for portfolios, Ukraine has ultimately lost the control over one more state company Chernomorneftegaz. This Crimean company was captured by gunmen and the representatives of Russian Gazprom, who took away all the documentation, rule there today.

The operations in the private production sector do not stop. For example, Cub Energy announced the commencement of drilling of the second well in Zakarpattya region.

Contents

Ukrainian companies
Naftogaz of Ukraine decreased its net revenue for 22.8 billion UAH in 2013
Galnaftogaz increased its not consolidated income by 6% in 2013
The production of gas in Ukraine increased by 5.6% - up to 3.54 BCM for 2 months of 2014
The production of oil and condensate decreased by 5.7% in February
The loss of control over Chernomornaftogaz may lead to the loss of prospects of gas production in the shelf

Foreign companies
The Ministry of Ecology and Chevron have discussed the issues of exploration of Olesskoe field
Cub Energy commenced the drilling of the second well in Zakarpattya region
JKX has tied in the second well in Poltava region
Exxon sold securities for a total amount of $5,5 billion
Shell is out of the negotiations on the exploration of Skifskiy field
Shell hopes that Ukraine will comply with the agreements with investors

Politics and world
42 kilos of gold and 4.8 million USD were found during the house-check of Stavitskiy accommodations, - Avakov
Naftogaz was left without a Head
Will Ukraine be moved away and from the bottom?
Russia is preparing to provide the occupied Crimea with energy
The Crimean separatists have assigned Chernomorneftegaz, the property of Ukrtransgaz and Feodosia transshipment
Russia sends away the foreigners from the Black Sea shelf in the Crimea
Ukraine could become an energy hub of Europe – the Minister