The joint venture of Naftogaz of Ukraine and the Egyptian General Petroleum Corporation – Petrosannan Company – has added 20%, or 600 barrels per day, to oil production in the Western Desert of Egypt, the company’s press service reports.
This was reportedly made possible by fracturing in the pilot wells.
It is noted that if production volumes and current oil prices ($ 60 per barrel) are maintained, Naftogaz will have additional income from operations of almost $ 400,000 per month.
“We plan to continue to apply the experience gained, in particular in the implementation of hydraulic fracturing, in other areas operated by the Naftogaz Group in the Arab Republic of Egypt,” said First Deputy Chairman of the Board of Naftogaz Sergei Pereloma.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]
Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]
Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]
From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]
Former special representative of the US State Department on Ukraine Kurt Walker on Tuesday, September 1, became an independent member of the Board of Directors of BGS Rail. This was reported by LIGA. Business with reference to the press release. It is noted that Kurt Walker will also work as an advisor to the chairman […]
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The first license for an online casino in Ukraine was issued to SpaceX LLC. The Commission for Regulation of Gambling and Lotteries made the relevant decision on Tuesday, February 2. The license entitles the company to carry out “activities related to the organization and conduct of casino games on the Internet” legally. Serhiy Potapov is […]
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Shares of Starbucks have lost more than 15% since the beginning of the year, rose 5.7% after the publication of the results of the 3rd quarter, which ended on June 28, and forecasts for the 4th quarter and the whole of 2020. For Starbucks, as for the entire global restaurant market, the three months from […]
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In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
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Traton Group, Volkswagen’s subsidiary for truck production, announced the purchase of its American competitor, Navistar International. Traton, which already owns about 16.7% of Navistar, is buying 83.3% of the company’s shares for the remaining $ 3.7 billion. Thus, the total value of the American company is estimated at $ 4.4 billion. Traton will pay Navistar […]
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The Antimonopoly Committee drew the line under the proceedings between the Ukrainian “daughter” of the German firm Rehau and its namesake – the Kyiv production company Rehau. Both work in the window market under the Rehau brand. By the decision of the AMCU the Rehau production company is obliged within a month to abandon from […]
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Asian and Pacific Forum of Economic Cooperation (APFEC) of countries has taken place on 19-20thof November 2016 in Lima (Peru).The key political figures who representing different regions of the world will discuss the prospects of a further cooperation within the two-day meeting. It is especially important against the background of presidential elections in America results. It […]
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Two newest An-132D and An-178 aircraft were excluded from the state register of civil aircraft in Ukraine. The relevant order was published on the portal of the State Aviation Service of Ukraine. The decision was made due to the lack of airworthiness certificate for the aircraft for two years, and the State Aviation Service did […]
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The American company Pfizer and the German BioNTech announced that their vaccine against COVID-19 is 91.3% effective for at least six months after the second dose of the drug. “Pfizer and BioNTech today announced updated results of an analysis of 927 confirmed symptoms of COVID-19, which were monitored in a key third phase of the […]
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Real estate market is one of the most development in the modern Ukrainian economy. We have mentioned about this topic on the LDaily pages, have analysed the main tendencies and provide the information about judicial aspects of interrelations formation with the builder within our special Construction scram project to our readers. Today we propose to […]
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Ryanair has made a multibillion-dollar order for a Boeing 737 Max, reports the Financial Times, citing the head of the carrier Michael O’Leary. This is the first agreement with the plane after the investigation of two plane crashes involving it, which in 2018 claimed more than 300 lives. Vertical Research Partners aerospace analyst Rob Stallard […]
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Gardening is a purely European business by mentality as it means long-term investments and a completely transparent process. Walnut is a financial pearl of this industry. A walnut garden of only 1 hectare yields more than 1.2 million UAH per year. A walnut garden is an investment in the future and long-term well-being, as one […]
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The state concern Ukroboronprom transferred 15 state-owned enterprises and corporate rights to two joint-stock companies to the State Property Fund. They have lost their significance for the country’s defense capabilities, according to the concern’s press service. “Ukroboronprom’s enterprises, which were included in the list for alienation, de facto lost contact with the defense-industrial complex for […]
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According to the Business Europe magazine, Dutch companies have expanded the export by 4% to 1.2 billion euros. To compare with 2015, this year foreign companies have exported more products to Ukraine. Particularly, the export concerns the agricultural business. The Dutch party has concluded the contract with the Ukrainian party in the beginning of this […]
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Tesla shares reached their new peak on Thursday jumping 7.95% to a price of $1208.66. The manufacturer of electric cars Tesla was rated as the world most expensive automaker (in terms of market capitalization), overtaking the world leader Toyota Motor. Since the beginning of the year, Tesla shares have risen by 189% having climbed 166% […]
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German airline Deutsche Lufthansa AG on Monday took the third package of measures restructuring of business because of poor dynamic aviation market recovery, according to a press release. “Forecasts for international flights have deteriorated significantly in recent weeks. With the end of the summer holiday season, the number of passengers and bookings is declining again […]
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