ORLEN | Oil & Gas Feed

ORLEN has entered into a 5-year exclusive agreement with KN Energies, granting it sole access to a small-scale LNG reloading wharf station in Klaipėda.

ORLEN has connected the Sleipner field to clean energy sources generated on shore, which is estimated to prevent 160,000 tonnes of carbon dioxide emissions per year. 

ORLEN announced on Tuesday a 30 per cent increase in the amount of natural gas transmitted to Poland from its own production in Norway.

In 2023, ORLEN generated 10.4 billion euros in a full-year LIFO-based EBITDA (before impairment losses), with net profits of 6.4 billion euros and revenue of 86.5 billion euros.

The network of ORLEN filling stations, a leader in the Czech market, plans to intensify the implementation of the alternative energy infrastructure.

ORLEN is joining NEXTLOOPP, an international recycling project aimed to create and commercialise circular food-grade recycled polypropylene (rPP) from post-consumer waste.

ORLEN has published its Sustainable Development Strategy for 2024–2030, setting out the company's plans for minimising climate impact, promoting environmental protection and the Just Transition.

ORLEN announced on Wednesday that its planned marine terminal for the transshipment of carbon dioxide has received an EU grant under the Connecting Europe Facility for the preparation of project design documentation and supply chain feasibility studies.

ORLEN announced on Tuesday that its Czech subsidiary ORLEN Unipetrol is in the process of constructing a heat recovery unit at its production plant in Kralupy on the Vltava river.

ORLEN announced on Wednesday that it has signed a letter of intent with GAZ-SYSTEM on the initiation of activities related to the preparation of conditions for the implementation of carbon capture, transmission and sequestration technology.

ORLEN announced on Tuesday that together with concession partners it has discovered additional gas reserves via its subsidiary PGNiG Upstream Norway near the Gina Krog field on the Norwegian Continental Shelf. 

ORLEN announced on Thursday that an additional two LNG carriers "Saint Barbara" and "Ignacy Łukasiewicz" are planned to enter sea service by the end of the year. 

ORLEN announced on Friday that it has started production from a field on the Norwegian Continental Shelf, six months ahead of schedule.

ORLEN has reached a Final Investment Decision to build Baltic Power, Poland’s first offshore wind farm estimated to provide electricity to around 1.5 million households. ORLEN's LOTOS Petrobaltic has also signed an agreement on the construction of three units for the transfer of employees to ​​the planned offshore wind farms.

The European Commission has given the green light to ORLEN’s proposed acquisition of 266 fuel stations in the Austrian market.

ORLEN has purchased Poland's first hydrogen-propelled locomotive from Polish transport company PESA Bydgoszcz.

Nearly 90 per cent of service stations in Czechia will be operating under the ORLEN brand by the end of the year, the Polish energy company announced on Thursday.

ORLEN has announced the merger of its oil business segments, ORLEN OIL with LOTOS Oil.

Last week, the biggest energy company in the CEE region, PKN ORLEN, finalised a transaction to acquire a part of Poland’s largest plastics manufacturer, Basell Orlen Polyolefins, in which the ORLEN holds an equity interest.