Tag: PGNiG

PGNiG Upstream Norway Starts Low-Emission Oil Extraction from Tyrving Deposit in the North Sea

PGNiG Upstream Norway from the ORLEN Group has begun oil extraction from the Tyrving deposit in the North Sea. The resource reserves are estimated...

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 Major Gas Supply Agreement with Slovakia’s ZSE Energia

ORLEN, through its subsidiary PGNiG Supply & Trading, has signed an agreement with the Slovak company ZSE Energia for the sale of gas, the...

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 Stumbles: Short-Term Disappointment, Long-Term Questions Linger

Orlen, like other State Treasury companies, lags behind the performance of private businesses listed on the Warsaw Stock Exchange. Quarterly results that fell short...

ORLEN Group reduces CO2 emissions at the Sleipner field in Norway

Another extraction installation for exploiting Norwegian fields by the ORLEN Group has been connected to clean energy generated on land. The electrification of the...

ORLEN Sells Gas Storage Poland Shares to Gaz-System

ORLEN has signed a contract to sell its shares in Gas Storage Poland, thus fulfilling a condition of the merger of ORLEN and PGNiG...

PGNiG Upstream Norway Confirms Recoverable Resources in Adriana Deposit on Norwegian Sea

Drilling operations conducted by PGNiG Upstream Norway on the PL211 CS license in the Norwegian Sea have ended successfully. The exploratory well confirmed the...

Orlen Reports Financial Results: Profit Lower Than Previous Year

The ORLEN Group ended the fourth quarter of 2023 with an operating profit EBITDA LIFO* of PLN 11.2 billion ($2.9 billion) and a net...

ORLEN S.A.: New Supervisory Board, Asset Sales, and Optimization Steps

The Extraordinary General Meeting of ORLEN has decided on changes in the Supervisory Board of the Company. Nine people were appointed to the new...

The value of strategic takeovers in Poland fell by 50% to $10 billion in 2023

The total value of mergers and acquisitions completed by strategic investors in Poland in 2023 fell by nearly half to approximately $10 billion, according...

PGNiG Upstream Norway Secures 12 Concessions on the Norwegian Continental Shelf

PGNiG Upstream Norway has acquired shares in 12 concessions on the Norwegian Continental Shelf. In one of them, the company from the ORLEN Group...

ORLEN bets on Virtual Power Plant

The ORLEN Group is planning to implement a Virtual Power Plant (VPP) – technology that enables the coordination of energy production sources across the...

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Management staff underestimate corporate risk management processes

Polish healthcare market on the rise – EY forecasts annual growth of 11% until 2028

Polish VC Market in Q3 2024: 506 Million PLN Invested in 45 Companies

Companies in Poland are increasingly less afraid of inflation – operating costs are the biggest challenge

The number of insolvent companies in Poland has risen again

Reforms Could Boost Investments in Poland by 25%, but Lack of Action Risks a 40% Decline – PwC Analysis

The Polish Luxury Goods Market Surpasses Inflation, Valued at Over 42 Billion PLN in 2023

Deloitte: Poland enters the phase of economic expansion