Policy & Regulation

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Iraq prepares for fourth licensing round

Iraq has lined up 46 pre-qualified bidders for its exploration licensing round early next year showing that, despite the failure of the government to pass a new oil and gas law, interest in the countr

14 September 2011
Upstream

Russia and Belarus to sign gas deal in December

Russia and Belarus are preparing to sign a new deal on gas supplies in December, before the expiration of the current deal, Russian state gas export monopoly Gazprom said in a statement on Monday.

13 September 2011
Environment

Australia puts carbon tax legislation to parliament

Australia’s Labour government today introduced its controversial carbon tax legislation into parliament, a move designed to put a price on greenhouse gas (GHG) emissions from mid-2012.

13 September 2011
Markets

Russian court cancels order allowing BP Moscow office raids

The arbitration court of Russia's Tyumen region has cancelled its ruling that authorised bailiffs to raid BP's Moscow office in late August for documents related to the collapsed BP-Rosneft deal, a spokesman for BP's Moscow headquarters said on Tuesday.

13 September 2011
Environment

E&P safety checks crimp CNOOC output this year

Offshore exploration and production (E&P) safety inspections mandated by Chinese authorities are likely to reduce output for China National Offshore Oil Corp. Ltd. (CNOOC Ltd.) by 10% this year, Gordon Kwan, head of energy research at Mirae Asset, told Interfax today.

13 September 2011
Markets

Price correlation between oil and gas likely to stay

It is unlikely that the correlation between gas and oil prices will disappear even if oil-indexation of long-term gas contracts is eliminated, Deutsche Bank said in a report on Friday.

12 September 2011
Environment

US Bureau of Land Management to issue environmental guidelines

The United States Interior Department is discarding previous administrative rules for issuing environmental-review waivers for oil and gas drilling permits on public land; and will propose new regulations that will allow the Bureau of Land Management (BLM) to waive the environmental review process and use “categorical exclusions” if drilling d

12 September 2011
Environment

Colombia no longer a security ‘special case’

Rising environmental awareness and localism, rather than poor security, are now the largest risks to oil and gas operations in Colombia.

12 September 2011
Markets

Russia eyes Rosneft privatisation

As part of its attempts to raise 1.2 trillion rubles ($40 billion) from selling state assets in the next three years, Russia plans to sell up to 15% in oil producer Rosneft for over 200 billion roubles ($6.77 billion) in 2012, according to Russia’s Economic Ministry.

12 September 2011
Markets

IMF expects Ukraine to hike gas tariffs

The International Monetary Fund (IMF) has insisted that Ukraine increase its gas tariffs if it is to continue to receive financial assistance from the organisation.

12 September 2011
Markets

Fortune Oil spokesperson expects Chinese gas prices to go up

Michael Jones, the technology and development director of China based Fortune Oil, told Interfax last week that he expects the government will increase domestically capped gas prices.

12 September 2011
Markets

Chance gas glut will last longer than 2015 – EUCER’s Frank Umbach

Interfax speaks to Frank Umbach, an Associate Director at the European Centre for Energy and Resource Security King’s College London, about how revolution in Egypt and Libya has impacted European en

9 September 2011
Upstream

A pinch of risk in Brazil’s pre-salt (Part 2)

Interfax wrote on Thursday that the real risk in Brazil’s hydrocarbon-rich ‘pre-salt’ blocks is operational, not political. In the second part of this two-part feature, Interfax examines the new

9 September 2011
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A pinch of risk in Brazil’s pre-salt (Part 1)

Foreign companies who win oil and gas blocks in future pre-salt auctions will feel the Brazilian state’s influence at every administrative level. In the first of this two-part series, Chris Noon examines the state's new arrangements for its deep-water reserves.

9 September 2011
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Confidence falters in Nigeria’s gas reforms

Energy sector development was high on President Goodluck Jonathan’s list of priorities during his election campaign, but political realities are now hitting home and confidence in his reforms is beginning to ebb.

8 September 2011
Upstream

Public tender will decide Peru’s block auctions this year

The Peruvian government has confirmed that it will abandon bilateral negotiations with oil and gas companies as part of the process by which it awards hydrocarbon contracts.

8 September 2011
Upstream

Shale incentives to tackle Argentina’s supply deficit

As LNG imports triple, President Cristina Fernandez de Kirchner’s government is likely to further relax regulation and pricing associated with shale gas.

7 September 2011
Upstream

Gas netback pricing differs for Belarus and Russia

The principles for netback pricing are different for Russia and Belarus, Gazprom’s Deputy Chief Valery Golubev told Interfax in Perm this week.

7 September 2011
Markets

Rosneft, ExxonMobil agreement requires no FAS approval

The strategic agreement between Rosneft and ExxonMobil does not require the approval of Russia's Federal Antimonopoly Service (FAS), Deputy FAS chief Andrei Tsyganov told Interfax on Wednesday.

7 September 2011
Upstream

Not everyone believes Mexico’s foreign investment promises

Analysts are divided on how much control will be given to foreign companies that are seeking exploration and production opportunities in Mexico.

6 September 2011

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