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Markets

IGA debate intensifies as plenary vote nears

The EU debate on intergovernmental agreements in energy is gaining momentum with a final decision on the draft legislation expected this summer.

20 March 2012
Upstream

Pre-budget energy rumours: a boost for North Sea investment

The US oil and gas energy industry is hoping to hear some good news when the 2012 UK budget to be revealed on 21 March. Chancellor George Osborne increased supplementary tax on oil and gas production from 20% to 32% to finance a reduction in fuel tax in last April's UK Budget, and was subsequently blamed for last year’s 18% decline in production.

20 March 2012
Upstream

Eastern Gulf of Mexico remains off-limits

The US Bureau of Ocean Energy Management is moving ahead with preparations to include two Eastern Gulf of Mexico leases in the next five-year Outer Continental Shelf leasing programme. But the bulk of that part of the Gulf remains off-limits to exploration and development.

20 March 2012
Markets

Bulgarian regulator mulling tariff increase for Bulgargaz

Bulgaria's energy regulator the State Commission for Energy and Water Regulation (SEWRC) will launch a review of national gas tariffs this week after Bulgargaz petitioned for an increase of over a quarter earlier this month.

20 March 2012
Markets

MEO points to optimistic outlook to explain share price rise

The speedy rise in MEO Australia’s share price over three days last week was likely the result of several positive and optimistic announcements over the past few weeks, the oil and gas company said on Tuesday in response to an inquiry by the Australian Stock Exchange (ASX).

20 March 2012
Markets

Indonesia expected to rigorously enforce 25% domestic sale rule

The Indonesian government is likely step up its enforcement of a rule that 25% of the gas output from projects be sold to the local market, particularly once its gas transmission infrastructure is improved, Morgan Stanley has predicted.

20 March 2012
Markets

Higher Russian taxes could cost Gazprom $22 bln per year

Gazprom could be liable for as much as RUB 650 billion ($22 billion) per year in extra taxes on its earnings from higher domestic tariffs, Alfa Bank said on Monday.

19 March 2012
Markets

US gas producers divided on regulation and campaign support

United States gas producers have divided interests when it comes to federal regulation, and to the campaign platforms of the major Presidential candidates.

19 March 2012
Upstream

Policy confusion further complicates YPF row

Argentina’s government is yet to reveal its aims in the spiraling confrontation with the main energy company YPF, experts told Interfax. The lack of policy clarity is steadily eroding room for compromise, foreshadowing major repercussions for foreign oil and gas investors.

19 March 2012
Environment

Indigenous groups demand drilling veto rights

The scope of new community consultations in Peru’s extractive projects remains uncertain, after four of the six largest indigenous organisations refused to sign a government-brokered agreement. The indigenous groups are demanding the right to have a final say on drilling on their land, which the government is refusing to grant.

19 March 2012
Markets

Total forfeit of Gazprom's additional profit may be decided soon

Russian government ministries may reach an agreement in the coming weeks on how to divide the premium that Gazprom is likely to receive from an increase in domestic gas prices between the state and Gazprom, Deputy Finance Minister Sergei Shatalov told journalists on Friday.

16 March 2012
Upstream

Across the great divide

The Kurdistan Regional Government’s confident revival of the oil and gas industry in northern Iraq belies a deeper anxiety of the semi-autonomous region’s position in the shifting politics of the Middle East.

16 March 2012
Markets

PGNiG secures low gas tariff increase from national regulator

Polish state-owned gas company PGNiG has completed negotiations with domestic market regulator URE over a reconfiguration of gas tariffs that it described as the “lowest possible” in a statement.

16 March 2012
Upstream

White paper drives debate on where gas riches should go

While Australia’s booming LNG sector promises to rake in higher export earnings in the coming years, the government’s new energy white paper should focus on allocating the country’s gas to manufacturers at home rather than supporting foreign economies, Dow Chemical has argued.

16 March 2012
Environment

Chevron suffers further setback in Brazil

Chevron suffered another setback in Brazil on Thursday, when it told the country’s ANP hydrocarbons regulator that it had stopped production after detecting a “small new seep” of oil at Frade -- the same offshore field where the company suffered a high-profile leak in November 2011. It is particularly bad timing for Chevron, whose chief execu

16 March 2012
Upstream

Lukoil seeks access to Arctic shelf development

Lukoil is lobbying for access to lucrative Arctic offshore oil and gas deposits in a bid to upend legislation restricting offshore exploration to state-owned companies, the company’s President Vagit Alekperov said at a press conference at Interfax’s offices in London.

15 March 2012
Environment

The weight of Australia’s impending carbon tax

The introduction of a carbon pricing mechanism to tax greenhouse gas emitters will be phased in in Australia this year. Interfax spoke to Prayank Katiyar, of RepuTex and Freehills’ Michael Voros and Emily Stanton about what this means for LNG developers.

14 March 2012
Upstream

Colombia’s light-touch regulation to attract petrodollars

Foreign companies looking to invest in Colombia’s gas sector will benefit from purpose-made favourable regulation for both conventional and unconventional production.

14 March 2012
Environment

The weight of Australia’s impending carbon tax

The introduction of a carbon pricing mechanism to tax greenhouse gas emitters will be phased in in Australia this year. Interfax spoke to Prayank Katiyar, of RepuTex and Freehills’ Michael Voros and Emily Stanton about what this means for LNG developers.

14 March 2012
Markets

Chubut confirms imminent cancellation of two YPF licences

Argentina’s southern Chubut province is planning to revoke two of YPF's field licences.

14 March 2012

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