ADVERTISEMENT

PKN Orlen probes Baltic oil and gas

Pharma

Polish energy giant PKN Orlen has launched a search for oil and natural gas on the Baltic Sea’s Latvian shelf, local media reported. The search is being undertaken on a concession belonging to Balin Energy, a joint venture of which the major shareholders are PKN Orlen and Kuwait Energy Company, Netherlands Cooperatief U.A.. “The search for and extraction of crude oil and natural gas is one the pillars of the strategy adopted by PKN Orlen last year,” Jacek Krawiec, chief executive of PKN Orlen said in a statement sent to the Polish Press Agency (PAP). Drills are being carried out from the so-called Ocean Nomad rig, which was towed into place about 104 km (64 miles) off Latvia’s western coast on 10 May.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.