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Russia tax breaks for shale, offshore oil seen on Jan.1

2013-03-18 07:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Russian tax breaks for shale and offshore oil, to unlock millions of barrels, will come in to force on Jan. 1 2014, a Finance Ministry official said on Monday. The tight oil tax package will make Russia one of the few countries to incentivise the production of energy resources from shale and other 'tight' rock. The package will cut the tax burden which is one of the world's highest for oil and gas production and exports and prevents investment in fracking and other expensive unconventional...

Tags: tax oil russia breaks

 

Russia Tells US to Prove Absence of Ractopamine in Meat Products

2013-03-18 01:00:00| ThePigSite - Industry News

RUSSIA - Russia has said to the US that can only restart exports of turkey meat to the Russian federation if it supplies additional information about laboratory controls to confirm that ractopamine is not used in production.

Tags: products russia absence prove

 
 

Russia Adopts Texas Drilling to Revive Soviet Oil Fields: Energy

2013-03-17 23:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Fracking isnt just for shale. In Russia, producers are importing techniques from the U.S. to squeeze billions of dollars of extra oil from Soviet-era fields. TNK-BP, Russias third-largest producer, will use hydraulic fracturing combined with horizontal drilling in almost half the wells it sinks this year, a sixfold increase in just two years, the company said. OAO Rosneft (ROSN), OAO Lukoil (LKOH) and OAO Gazprom Neft have similar plans. So-called fracking, the process of blasting oil from...

Tags: energy texas fields oil

 

Exclusive - RUSSIA: SPI Group sets up takeover bid for CEDC

2013-03-14 17:06:00| Daily beverage news and comment - from just-drinks.com

SPI Group has joined a consortium to make a move for Central European Distribution Corp (CEDC), just-drinks can exclusively reveal.

Tags: group sets exclusive bid

 

Repsol And Alliance Oil Begin Commercial Gas Production In Russia

2013-03-13 02:46:01| dairynetwork News Articles

Repsol and Alliance Oil have begun commercial gas production from the Syskonsyninskoye (SK) field in the Khanty-Mansiysk region of Russia, marking the first success of the A&R Oil and Gaz BV (AROG) joint venture created to explore for and produce hydrocarbons in Russia

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