Tuesday, November 5, 2024

ORLEN Discovers One of the Largest Oil Deposits in Poland – Rzeczyca Resources Estimated at Over 500,000 Tons

More than 100,000 tons of crude oil are the recoverable resources of the Rzeczyca deposit, discovered by ORLEN in the Lubuskie Voivodeship. Near this...

ORLEN Expands Investment in Mažeikiai and Develops Renewable Energy Projects in Lithuania

The possibilities of investing in renewable energy infrastructure, the progress of the ongoing investment in Mažeikiai, the position in the Lithuanian and Baltic market,...

ORLEN Signs Five-Year Deal with KN Energies for LNG Terminal Operation in Klaipeda

ORLEN has signed a five-year contract with Lithuania's KN Energies (formerly Klaipedos Nafta) for the exclusive use of a small-scale LNG receiving and transshipment...

Consolidated Results of the ORLEN Group for the Second Quarter of 2024

Despite the growing pressures of the macroeconomic environment, ORLEN Group has concluded the second quarter of 2024 with an EBITDA LIFO operating profit of...

ORLEN’s Warsaw Heating Plants to Become Coal-Free by 2035, Slashing CO2 Emissions by 55%

Żerań, Siekierki and Pruszków Power and Heat Producers, along with Wola and Kawęczyn Heating Plants are heat assets of ORLEN Group in the Warsaw...

Orlen Signs Deal with BP for 6 Million Tons of North Sea Oil

ORLEN has signed a contract with bp for the supply of 6 million tons of crude oil from Norwegian deposits in the North Sea....

ORLEN Group Reports 8% Year-on-Year Increase in Q2 2024 LIFO EBITDA, Reaching PLN 11.3 Billion

ORLEN Group's estimated LIFO EBITDA, excluding write-offs and regulatory effects, amounted to PLN 11.3 billion in the second quarter of 2024. This result was...

ORLEN signs an agreement to purchase photovoltaic and wind farms with a total capacity of 306 MW

ORLEN Wind 3, a subsidiary of the ORLEN Group, has signed a preliminary agreement with EDP Renewables Polska to acquire two photovoltaic farms located...

ORLEN received its 300th LNG cargo in Świnoujście

The 300th shipment of liquefied natural gas (LNG) has arrived in Świnoujście, Poland. The cargo was delivered in the tanks of the LNG carrier...

ORLEN Group Secures Stake in Massive Norwegian Gas Field – Atlantis

ORLEN Group will become a shareholder in one of the five largest deposits discovered on the Norwegian Continental Shelf in the past decade. Through...

ORLEN Group to Increase Natural Gas Production in Norway

PGNiG Upstream Norway, a subsidiary of ORLEN Group, has acquired an additional nearly 20 percent stake in the Eirin gas field in the North...

ORLEN Group Reports Strong Financial Results for Q1 2024: EBITDA LIFO at PLN 8.4 Billion and Net Profit of PLN 2.8 Billion

ORLEN Group concluded the first quarter of 2024 with an operating profit (EBITDA LIFO*) of PLN 8.4 billion and a net profit of PLN...

Changes in the Management Board of ORLEN S.A. – Ireneusz FÄ…fara Appointed as New President

On April 10, 2024, the Supervisory Board of ORLEN S.A. appointed Mr. Ireneusz FÄ…fara as the President of the Management Board of ORLEN S.A.,...
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