Oil and Gas Industry Latest News

04.07.2013 Russian Duma Passes Offshore Tax Law in Second Reading

The Russian Duma has passed a draft bill in the second reading on stimulating offshore hydrocarbon production with tax and customs duty privileges.

10.01.2013 Norway Plans New Legislation on Hydrocarbon Exploration

Norway's Parliament is expected to vote this year on opening two major frontier Arctic areas to oil and gas exploration, Natural Gas Europe reports the country's energy minister as saying.

27.11.2012 Oil Rises From One-Week Low as Euro Ministers Agree on Greek Aid

Bloomberg reports that global oil prices rose yesterday from the lowest level in almost a week after European finance ministers reached an agreement on aid for Greece, easing concern that Europe’s debt crisis will derail the economic recovery and curb fuel demand.

20.11.2012 SPD and Yugra Government Set Partnership Priorities for 2013

On November 16, 2012 Salym Petroleum Development N.V. (SPD) and the Government of the Khanty-Mansi Autonomous Okrug – Yugra (KHMAO-Yugra) signed the Cooperation Agreement for 2013.

15.11.2012 Russian Government to issue Lukoil benefits

The Russian government has agreed to apply special tax regimes to several fields operated by Lukoil in the Caspian allowing the private company to  operate at a profit.


14.11.2012 Gazprom, Japan Agreed on Cooperation Through 2014

Gazprom and Japan's Agency for Natural Resources and Energy have signed a program on scientific and technical cooperation for 2012-2014.

02.11.2012 State control over Rosneft to decrease - Shuvalov

The acquisition by Rosneft of a 100% stake in TNK-BP will accelerate privatization of the Russian state-owned company. This opinion was voiced in an interview for the "Financial Times" newspaper by Russia’s First Deputy Prime Minister Igor Shuvalov.

31.10.2012 Putin: Shtokman will be launched before 2017

An investment decision will be taken in the near future and the project launched before 2017, President Putin told Murmansk Governor Marina Kovtun.

07.09.2012 Russia's EU envoy: Don't want "gas war" over Gazprom probe

Russia wants to avoid a "gas war" with the European Union over its probe of OAO Gazprom  and would welcome a negotiated settlement between the energy giant and European authorities, its ambassador to Brussels said Thursday.

13.08.2012 Russia and Armenia reach gas price deal, talk Customs Union

Following his meeting with Russian counterpart Vladimir Putin, Armenian President Serzh Sargsyan said on 8 August that Moscow and Yerevan have agreed on prices for natural gas supplies to Armenia. "I think we have come to an agreement about pricing for gas supplies.