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Ukraine to Sign Gas PSA with Chevron, Exxon, Shell in December

By Andrey Ostroukh Ukraine plans to sign production sharing agreements with Chevron Corp. (CVX), Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA) to develop shale gas and offshore field in the first half of December, Environment and Natural Resources Minister Eduard Stavitsky said Tuesday, Interfax reported. "I expect that we will be ready to sign [PSA agreements] on all three contracts in the first 10 days of December," Mr. Stavitsky told a press conference. Ukraine, which depends on gas deliveries from Russia, seeks to develop its own reserves, attracting funds and technologies abroad. Although the country has for years claimed that it may produce all the gas it needs from offshore fields and shale gas deposits, it imports more than 60% of its gas requirements, mostly from the neighboring Russia. In May, Ukraine picked Chevron to develop Olessky shale gas field, which has a projected capacity of up to 1.5 trillion cubic meters of gas, while Shell won a tender for Yuzovsky shale field, storing up to 2 trillion cubic meters of gas. Ministers have said they expect to start production of shale gas in 2015. Exxon Mobil, Shell, Romania's dominant oil company OMV Petrom SA (SNP.RO) and Ukrainian state partner Nadra Ukrayny plan to develop the offshore Skifsky gas field in the Black Sea. Write to Andrey Ostroukh at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Chevron (CVX)
DateTimeHeadline
03/23/201703:02:00Chevron Sells Assets In Africa To Sinopec -- WSJ
03/22/201709:16:00Sinopec to Buy Chevron's South Africa Assets for $900 Million...
03/22/201707:10:00Sinopec to Buy Chevron's South Africa Assets for $900 Million
03/15/201717:03:14Statement of Changes in Beneficial Ownership (4)
03/14/201710:11:00MARKET SNAPSHOT: U.S. Stocks Pull Back As Oil Drop Hits Energy...
03/14/201710:11:00MARKET SNAPSHOT: U.S. Stocks Pull Back As Oil Drop Hits Energy...
03/09/201710:44:00Chevron Says Climate Actions Pose Minimal Risk to Operations
03/08/201707:36:00Chevron Starts Production at Mafumeira Sul Offshore Angola
03/08/201707:29:00Oil Companies Take to Thrifty Bets
03/07/201708:00:00Chevron Affirms Production, Margins, and Cash Flow Growth Plans
03/03/201716:39:59Current Report Filing (8-k)
03/01/201716:49:36Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/01/201716:42:41Statement of Changes in Beneficial Ownership (4)
03/01/201716:40:03Statement of Changes in Beneficial Ownership (4)
03/01/201706:16:36Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/28/201711:06:00Consorcio Liderado por Chevron Firma un Contrato en Aguas Profundas...
02/28/201708:57:58Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
02/24/201714:31:00MARKET SNAPSHOT: U.S. Stocks Retreat From Record-setting Streak...
02/23/201714:00:00Chevron Corporation's 2017 Security Analyst Meeting
02/23/201712:22:11Annual Report (10-k)

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