LT: Chevron submits application to explore shale gas resources in Lithuania.

By bne IntelliNews January 16, 2013
International oil company's Chevron subsidiary Chevron Exploration & Production Lietuva has submitted its application to start exploration for shale gas resources in Lithuania, Lithuanian geology authority announced. Chevron was the only company that submitted application for the tender. If the company wins the tender it will have to invest LTL 80mn (EUR 23.2mn) in exploration of the sources in Silute-Taurage region. For the second tender for exploration in Kudirkos-Kybartai region there were two applications received by Diseta and Perkuno Nafta.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss