Oil

International Internet Magazine. Baltic States news & analytics Tuesday, 19.02.2019, 15:21

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Lithuania's Klaipedos Nafta revenue down 21% to EUR 8.7 mln

Lithuania's Klaipedos Nafta revenue down 21% to EUR 8.7 mln

07.02.2019

Lithuania's state-run oil and LNG terminal operator Klaipedos Nafta posted 8.7 mln euros in revenue in January, down 20.9% from 11 mln euros during the same period last year, informed LETA/BNS.

Keyword tags: Lithuania, Oil, Port, Transport



Swiss lawyer Meroni has gained control over Ventbunkers - newspaper

Swiss lawyer Meroni has gained control over Ventbunkers - newspaper

01.02.2019

Swiss lawyer Rudolf Meroni has gained control over Latvia’s Ventbunkers oil terminal, the daily newspaper Diena reports on Friday, reports LETA/BNS.

Lithuania's Klaipedos Nafta picks Roland Berger as advisor on new 10-year strategy

Lithuania's Klaipedos Nafta picks Roland Berger as advisor on new 10-year strategy

30.01.2019

Lithuania's state-run oil and LNG terminals operator Klaipedos Nafta said on Tuesday it has selected the global strategy consulting firm Roland Berger as its advisor in drawing up a new 10-year business strategy, reported LETA/BNS.


Orlen Lithuania increases capital spending 17 pct to EUR 71 mln in 2018

Orlen Lithuania increases capital spending 17 pct to EUR 71 mln in 2018

28.01.2019

Orlen Lietuva, the Lithuanian unit of Poland's oil group Orlen, increased its capital expenditure (CapEx) to 70.8 mln euros (304 mln zlotys) last year, up 16.6 % from 60.7 mln euros in 2017, reported LETA/BNS.

Lukashenko orders Belarusian government to arrange for oil deliveries via Baltic ports

Lukashenko orders Belarusian government to arrange for oil deliveries via Baltic ports

11.01.2019

Belarus’ President Alexander Lukashenko on Thursday ordered his government to arrange for oil to be delivered via Baltic states’ ports. reported LETA/BNS according to Interfax information.


11.01.2019

Lukashenko beefing up negotiating position against Moscow, Lithuanian parlt rep

Belarusian President Alexander Lukashenko is only trying to beef up its negotiating position against Moscow, Virgilijus Poderys, chairman of the Lithuanian Seimas' Energy Commission said on Thursday after the Belarusian leader once again spoke about the possibility to find an alternative to Russian oil via the Baltic states, informed LETA/BNS.

09.11.2018

US shale has a glaring problem

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.

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