Latest news
Russia approves energy sector tax increases in 2016
Russia's government has approved plans to raise its mineral extraction tax (MET) on energy giant Gazprom and keep unchanged an oil export duty calculation mechanism next year, as declared by First Deputy Prime Minister Igor Shuvalov on Thursday.
read more... 09/10/2015
Russian PM rejects oil tax increase, since gas fee rise is envisaged
Russian Prime Minister Dmitry Medvedev has rejected demands to increase the mineral extraction tax (MET) for oil producers, as stated by a government spokeswoman on Monday, while a source told Reuters a gas output tax raise was being envisaged instead.
read more... 29/09/2015
Exxon and Petrom will have to invest $4-5 billion if gas discovery in the Black Sea is confirmed
Romania's major oil and gas conglomerate Petrom and U.S. top oil company ExxonMobil will have to invest $4-5 billion in the extraction of gas from a Black Sea field, in case additional data confirms their discovery, according to the statement made by President Traian Basescu on Wednesday.
read more... 04/09/2014
Number of fracking patents globally reached record high in 2013
The number of patents put in place for new shale extraction technology hit a record high in 2013 since oil and gas firms fought for managing intellectual property in the emergent industry, as shown by a research.
read more... 25/06/2014
Number of fracking patents globally reached record high in 2013
The number of patents put in place for new shale extraction technology hit a record high in 2013 since oil and gas firms fought for managing intellectual property in the emergent industry, as shown in a research on Tuesday.
read more... 27/05/2014