PGNiG acquires interest in another gas field in the North Sea
PGNiG Upstream Norway has acquired 20 percent shares in the Duva field – PL 636 and PL636B licenses – from Wellesley Petroleum AS. First production is expected at the turn of 2020 and 2021.
PGNiG and the Startup Hub Poland Foundation begin the second round of the Poland Prize governmental program
Polish Oil and Gas Company and Startup Hub Poland have invited to Poland another group of foreign startups offering innovative solutions for energy companies. The best startups will be given financial support and the opportunity to implement their projects in Poland. PGNiG is the strategic partner of the project.
PGNiG starts drilling new production well in Pakistan
Rizq-3 is the third well drilled by the Company in the Rizq field. PGNiG’s natural gas production in Pakistan is growing year by year.
Winner announced in batch one of Startup Hub Poland Prize
The winner has been announced in the first acceleration round of Poland Prize, a governmental programme for startups, coordinated by the Startup Hub Poland Foundation and supported by PGNiG. The winning startup is Spottitt, a UK-based company that has developed a system for analysing satellite images of the earth for optimal positioning of renewable energy power plants and other projects.
Moody’s upgrades PGNiG rating to Baa2, with stable outlook
Rating agency Moody’s justified its decision by referring to the strong financial standing of PGNiG, which the company would be able to maintain while implementing a major investment programme and with falling gas prices.
PGNiG Group leads in innovation in oil and gas exploration
Geofizyka Toruń SA of the PGNiG Group is the first company in Europe to employ new seismic data acquisition technologies in searching for hydrocarbon deposits. The company is replacing the hitherto used cabled geophone networks with ultra-lightweight wireless nodal sensors. Their small size and low weight allow to conduct exploration with no harm to the natural environment and local communities.
PGNiG confirms production potential of Poland’s largest gas field
Discovered in 2018, the new potential of Poland’s largest gas field Przemyśl estimated at 20 billion cubic meters of gas, has been confirmed by more wells, including the recent Przemyśl-304 K.
PGNiG and Venture Global LNG Agree New Purchase of 1.5 MTPA of LNG
In connection with the state visit of the President of Poland, Andrzej Duda to Washington D.C., the Polish Oil and Gas Company (PGNiG) has signed, in the Eisenhower Executive Office Building of the White House, an agreement with Venture Global LNG to purchase an additional 1.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG). United States Secretary of Energy, Rick Perry and Secretary of State for Strategic Energy Infrastructure of Poland, Piotr Naimski attended the signing ceremony.
Tommeliten Alpha Project passes important decision gate towards production in 2024
PGNiG Upstream Norway and its partners decided to move to Select Phase of the project during which key technical decisions regarding the field development will be made. This will lead to a final selection of the development concept scheduled for Q3 2020.
PGNiG purchased interest in another gas field in Norway
PGNiG Upstream Norway will acquire 22.2 percent of shares in King Lear field – PL146 and PL333 licenses – from Total E&P Norge. The volume of production in the part attributable to PGNiG may reach 0.25 bcm of natural gas annually. The production start is planned for 2025.
PGNiG on route to production form Ærfugl gas reservoir in the Norwegian Sea
The first well is expected to start production in June 2020. By the end of the year the next three wells will commence production. The Ærfugl project will be developed using innovative technical solutions.
PGNiG and the PGI-NRI awarded the Teraz Polska Badge of Quality
The technology for pre-mining extraction of coal bed methane using hydraulic fracturing was awarded the prestigious Teraz Polska Badge of Quality in the 12th edition of the Innovation Projects Competition. The method was developed by a consortium comprising Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) and the Polish Geological Institute – National Research Institute (PGI-NRI).
PGNiG – strategic gas supplier for Grupa Azoty until 2022
On May 23, 2019 companies from Grupa Azoty submitted statements to PGNiG SA (Polish Oil and Gas Company) extending the validity of contracts for the supply of natural gas until September 30, 2022.
PGNiG develops its production business in Pakistan
The Operating Branch of Polish Oil and Gas Company in Pakistan started drilling the Rehman-6 production well in the Rehman field.
PGNiG Group posts over one billion in net profit for the first quarter of 2019
The Group’s revenue rose to PLN 14.34bn in the first three months of the year, with consolidated EBITDA at PLN 2.16bn and EBIT at PLN 1.38bn. Net profit earned by the Group came to PLN 1.06bn.
May 10th 2019 PGNiG launches LNG deliveries to Ostrobramska Bus Depot
The Ostrobramska Bus Depot in Warsaw has received its first delivery of liquefied natural gas under a contract signed between PGNiG Obrót Detaliczny and the municipal bus company Miejske Zakłady Autobusowe of Warsaw on April 17th 2019 for the supply of LNG for 35 environmentally friendly natural gas-powered buses.
Port Arthur terminal authorized to export LNG out of the FTA zone
The US Department of Energy approved the export of LNG from Port Arthur LNG to non-FTA countries. The liquefaction and export facility is scheduled for launch in 2023. Cargoes of liquefied natural gas exported from this terminal will be received, among others, by PGNiG.
Federal permit for Port Arthur LNG
The Management Board of PGNiG SA welcomed the approval of the US Federal Energy Regulatory Commission (FERC) for the construction of the Port Arthur liquefaction terminal in Jefferson County, Texas, on the Gulf of Mexico, which is due to start operating in 2023.
PGNiG Termika: construction of a new EC Żerań unit at the halfway point
The most modern gas and steam unit in Poland will warm up Warsaw residents next year. Thanks to it, EC Żerań will be able to produce 4 TWh of electricity and 1.9 TWh of heat energy.
Coal-bed methane-fueled power generation unit launched by PGNiG in Gilowice
Polish Oil and Gas Company has brought on stream a 0.9 MW power generation set fueled with coal-bed methane (CBM) extracted experimentally by the Company in Upper Silesia.