The Court of Appeal overturned decision of the first instance court to invalidate special permit for production of hydrocarbons of LLC Arkona Gas-Energy.
Enwell Energy plc for the first half of the current year has increased its average daily production rate of hydrocarbons by approximately 8%, while the revenues have decreased by 21.1%.
On 11 September 2020, Smart Maritime Group (Kherson, SMG) held the launching ceremony for the next outfitted hull of a chemical tanker built for VEKA Shipbuilding WT B.V., a division of VEKA Group (the Netherlands).
Veres Group has launched the production of its own line of natural dry spices and seasonings.
Four years ago, Smart-Holding industrial and investment group decided to conquer grain transhipment in volumes tangible for the market. A decision was made to reorganize and condense the shipbuilding clusters. It was decided to create full-fledged transhipment terminals based on the unutilized capacities of the shipyards. In particular, Nikolaev shipyard of Smart Maritime Group (formerly Chernomorsky Shipbuilding Yard or ChSY) has taken this path. The shipyard is creating a production and logistics hub in an industrial park format with an emphasis on cargo transhipment. Having invested USD 6 million at the first stage, Smart-Holding set up a moderate-sized grain terminal on the premises of the plant.
Representatives of the top management of Smart-Holding industrial and investment group and China Railway Construction Corporation Ltd (China) discussed opportunities of cooperation and implementation of joint investment projects in the field of transportation infrastructure and logistics.
Arkona Gas-Energy LLC, a part of Smart Energy Group and an operator of Svystunkivsko-Chervonolutske field (Poltava oblast), completed preparation of the site for drilling the first well. Spudding is scheduled for the end of 2020. A new well will be the first one, drilled at the field since 1994.
Smart Energy Group that is one of TOP 5 biggest private gas producers of Ukraine informs that Arkona Gas-Energy LLC (a part of Smart Energy Group) filed an appeal to the Sixth Appellate Administrative Court. It aims at cancelling the ruling by the District Administrative Court of Kyiv, issued on the claim by PJSC Ukrnafta about recognizing Svystunkivsko-Chervonolutske exploration licence of Arkona Gas-Energy LLC as invalid.
SMART-HOLDING PJSC is being reorganized by transforming from a private joint stock company into a limited liability company. The shareholder, owning 100% of the Company's shares, made the corresponding decision on 3 August 2020.
At the moment employees of the National Anti-Corruption Bureau of Ukraine (hereinafter NABU) are conducting a search at the central office of Smart Energy Group (part of Smart-Holding), as well as at the office in Yakhnyki village (Poltava region). The basis for the searches is a writ of investigative judge of anti-corruption court T.R. Khamzina. Based on the wording of the writ, investigative actions are carried out as part of pre-trial investigation in criminal proceedings on legitimacy of issuing in 2017 a special permit for hydrocarbon production to Arkona Gas-Energy (hereinafter Arkona), the acquisition of which was announced on London Stock Exchange in March this year.
Smart Energy points out an unjustified pressure on the British investor and entire business of the Group.