Latest news
European Commission to forbid importation of controversial oil sands
The controversial and environmentally destructive practice of fuel extraction from oil sands could be “de facto” banned under the European Commission proposals.
read more... 05/10/2011
TNK-BP: huge investment in oil refining and production
The British-Russian joint venture, TNK-BP, will invest about $50 billion in oil extraction and refining in the next 10 years, according a report.
read more... 16/09/2011
Russian government seeks offshore oil spill funds
The Russian Prime Minister Vladimir Putin proposed on Wednesday a bill that would require the Russian companies engaged in the exploration of crude seeking to obtain offshore extraction licenses, to set apart financial reserves which could be used in case of an eventual oil spill.
read more... 24/06/2011
Lithuania and a U.S. Company to strengthen shale gas cooperation
The Ministry of Energy announced on June, 14 in a press release that it led negotiations with an US company concerning the extraction of natural gas from its shale rock layers and starting production of shale gas in Lithuania. But the official refused to reveal the name of the US company, due to a confidentiality request by the US company representatives.
read more... 21/06/2011
Russian government to keep gas tax for independent producers
The Russian government decided to keep the mineral extraction tax on the independent gas producers unchanged in 2012, Finance Minister Alexei Kudrin said on Wednesday. According to him, the increase of the mineral extraction tax will affect the gas monopoly, Gazprom.
read more... 03/06/2011