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Kuwait´s KUFPEC sells all assets in Norway to PGNiG for...
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) agreed on Friday to sell all of its assets in Norway to Poland's Orlen. CEO Mohammad Salem Al-Haimer said that KUFPec booked about $700 million in profits throughout its time in Norway since 2013.
Orlen in advanced talks to buy KUFPEC Norwegian assets... Polish state-controlled oil and gas group Orlen is in advanced talks to buy Kuwait Foreign Petroleum Exploration Company's stakes in producing assets on the Norwegian continental shelf. KUFPEC hired Scotiabank earlier this year to manage the sale process for its Norwegian assets.
Orlen in advanced talks to buy Kuwait Foreign... Polish state-controlled oil and gas group Orlen is in advanced talks to buy Kuwait Foreign Petroleum's Norwegian assets. Orlen has been prioritising gas assets to fill up a new pipeline carrying Norwegian gas to Poland via Denmark. KUFPEC has stakes in several producing fields on the Norwegian continental shelf.
Refiner Orlen's Q3 profit falls as expected after... Refiner Orlen's Q3 profit falls as expected after one-off Lotos boost. Low fuel prices ahead of election pared profit - analyst. Shares in the company were up 0.9% at 0805 GMT.
Orlen says it is taking over Polish section of Yamal... Orlen says it is taking over the Polish section of the Yamal gas pipeline. Poland had previously said it intended to take over the Russian company's 48% stake. Orlen and Gazprom both had 48% stakes in Europol Gaz.
Refiner Orlen sees lower oil prices, refining margins... Refiner Orlen sees lower oil prices, refining margins as Q2 profit beat expectations. Q2 net profit jumps 27% y/y to 4.59 billion zlotys ($1.12 billion) Orlen shares drop as much as 2.4%, as analysts point to lower growth of net cash.
Poland's Orlen, Gaz-System sign gas deal for planned... Poland's Orlen signs deal for regasification of up to 58 liquefied natural gas cargoes per year. Poland has turned to seaborne LNG and gas piped from Norway via Denmark and the Baltic Sea to replace gas from Russia.
Poland's Orlen buys Austrian network in gas station... Poland's Orlen said on Tuesday it had acquired Austria's Doppler Energie. The deal will give Orlen 10% of Austria's retail market and a 14% share of its wholesale market. Completion of the acquisition is subject to approval from competition regulators.
Poland signs deal to tap British oil Polish state-owned energy company Orlen has signed a deal with BP to replace Russian oil supplies. Under the contract, Orlen will buy up to 6 million tons of crude from BP’s Norwegian fields over the next year. The first shipment is scheduled for late August or early September.
Polish PM defends state oil giant’s purchases of Russian energy Poland's prime minister has defended state-owned energy firm Orlen's move to increase shipments of Russian oil this month. Warsaw does not want to “prevent the Czechs from being able to drive their cars,” Mateusz Morawiecki has said.
Poland's Orlen Terminates Last Contract on Oil Deliveries From Russia Poland's Orlen Terminates Last Contract on Oil Deliveries From Russia. Under the contract, Orlen had been purchasing some 200,000 tonnes of oil per month.
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