Oil

International Internet Magazine. Baltic States news & analytics Thursday, 13.12.2018, 22:48

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US shale has a glaring problem

US shale has a glaring problem

09.11.2018

With oil prices high and production booming, 2018 was supposed to be a year of profits for US shale oil and gas companies. A report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute shows that hasn’t happened. As 3Q 2018 results start coming in, investors around the world should be considering if there is a fundamental problem with the fracking business model, says Nick Cunningham of Oilprice.com.

Keyword tags: Analytics, Energy, EU – Baltic States, Financial Services, Oil, USA



Ventamonjaks chemicals terminal to be merged with Despina Capital

Ventamonjaks chemicals terminal to be merged with Despina Capital

07.11.2018

Latvia’s Ventamonjaks chemicals terminal will be merged with Despina Capital in a reorganization process, according to an announcement published on Wednesday in the official gazette Latvijas Vestnesis, cities LETA.

Lithuania's Klaipedos Nafta hopes to become world's largest LNG terminal operator

Lithuania's Klaipedos Nafta hopes to become world's largest LNG terminal operator

07.11.2018

Lithuania's Klaipedos Nafta, the operator of the oil product and LNG terminal in the port of Klaipeda, plans to become the world's largest LNG terminal operator over the next decade, cities LETA/BNS.


Tender for oil production in western Lithuania fails due to lack of interest

Tender for oil production in western Lithuania fails due to lack of interest

02.11.2018

The first in six years tender for oil exploration and production in the Silute-Taurage area of western Lithuania failed after the Lithuanian Geological Survey has not received a single application by Wednesday night, informed LETA/BNS.

Last day for submitting applications for oil production in western Lithuania

Last day for submitting applications for oil production in western Lithuania

31.10.2018

Wednesday, October 31, 2018, is the last day for Lithuanian and foreign companies to submit applications to the Lithuanian Geological Survey for oil exploration and production in the Silute-Taurage area of western Lithuania, informs LETA/BNS.


29.10.2018

Lithuania's Vaizga fined EUR 57,000 in Latvia

Vaizga, a Lithuanian business group operating service stations and motels as well as providing land lease and transport services, owned by the Paleicikas family, has been fined 57,400 euros in Latvia, which the group has already paid, informed LETA/BNS.

25.10.2018

Orlen Lithuania's net profit slumps 51% to 71 mln euros

Orlen Lietuva, the Lithuanian unit of Poland's oil group Orlen, saw its net profit for the nine months through September od 2018 slump down by 51% to 71.3 mln euros, from 145.4 mln euros a year ago, informs LETA/BNS.

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