Silesia's local authorities and Regional Chamber of Commerce recognised Grupa LOTOS and its CEO, Paweł Olechnowicz, for professionalism, quality, ability to integrate business and social welfare concerns, and contribution to the development of the Polish economy.
LOTOS Exploration & Production Norge and PGNiG Upstream International have signed a letter of intent for collaboration in projects on the Norwegian Continental Shelf. The companies are to work together in the review and pursuit of potential acquisitions, and will participate together in licensing rounds held by the Norwegian Ministry of Petroleum and Energy.
On Saturday, May 10th 2014, another branch of the Lechia Gdańsk Football Academy was opened, marking the first time the “White and green future with LOTOS” programme expanded beyond the Province of Gdańsk.
Despite difficult macroeconomic conditions in Q1 2014, LOTOS posted close to PLN 7.2bn in revenue, delivering an operating profit of PLN 17m.
A letter of intent signed between LOTOS Serwis and the Polish Shipping Register offers prospects of new offshore project modernisation contracts and a substantially higher involvement in the segment.
Central Europe Energy Partners (CEEP), an association of companies and organisations from Central Europe working with the European Union, is organising on April 25th Energy Summit ‘29+1’ in Bucharest. The summit is being held under the auspices of the Prime Minister of Romania Victor Ponta; Minister Delegate for Energy of Romania Razvan Nicolescu and in the presence of European Commissioner for Energy Günther Oettinger. The main topic of Bucharest summit is energy prices and costs in Europe.
Four Grupa LOTOS initiatives are highlighted in the latest publication by the Responsible Business Forum (FOB) on best CSR practices.
At the beginning of 2014, Grupa LOTOS liaised with Our Earth Foundation, becoming a partner to the International Baltic Clean-Up 2014 campaign.
During the formal presentation of 'Splendor Gedanensis', the City of Gdańsk Award in culture, held on Friday March 14th, Grupa LOTOS received the 2013 title of Patron of Gdańsk Culture for its support as a strategic partner of projects run by the Baltic Opera House in Gdańsk.
LOTOS posted PLN 28.6bn in revenue in 2013, with operating profit at PLN 146m and net profit of just under PLN 40m. Upstream operations and efficient processing of crude oil into fuels will power the Company's value creation in 2014.
The SAMBAH (Static Acoustic Monitoring of the Baltic Sea Harbour Porpoise) research programme has enabled pinpointing of the harbour porpoise habitat in the Baltic Sea.
LOTOS Kolej has put into operation the first of five DRAGON locomotives it has ordered. Manufactured by NEWAG Gliwice S.A., the DRAGON is a modern six-axle electric locomotive, the first of its kind to be manufactured in Poland in some 25 years.