Oil and Gas Industry Latest News

20.12.2013 Putin Pardons Jailed Tycoon Khodorkovsky

Vladimir Putin has signed the decree pardoning tycoon Mikhail Khodorkovsky, a prominent Kremlin critic, who has spent more than a decade behind bars for embezzlement, fraud and tax evasion, Aljazeera reports.

11.11.2013 Government Opposes Rosneft President Sechin’s Plan

The government is against the idea of Rosneft president Igor Sechin to sell to Rosneft the state-owned stake of the Norovorssiysk sea port, Vedomosti has reported. The final word is up to President Putin.

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.