Guide to the Rules of British Industry reporting on payments to governments is being prepared on behalf of the International Association of Oil and Gas (IOGP) and the International Council on Mining & Metals (ICMM). According PWYP, key elements in the current version of branch instructions very questionable and discredit intended to assist reporting companies under the Act. The approach to reporting instructions encourages companies to report in a way that is inconsistent with the law and keep the payments withheld from the public. Despite appeals, the industry still refuses to change those elements that are substituted in responsible companies.
News - Page 13
Private gas companies offers an alternative settlement of tax liabilities. Subsoil users will be able to transfer part of the produced gas to the amount of their rental obligations "Naftogaz of Ukraine". This provision is contained in the bill №2395, initiated by Alexander Onishchenko, the People's Deputy (group "will of the people"), Deputy Chairman of the Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety. "Today, on the shoulders of gas producers to put more tax burden. Said document should facilitate the fiscal pressure on the industry, "- said Onishchenko.
Coal mining enterprises in Ukraine in February 2015 reduced coal production by 60% compared with February 2014 - up to 2 million tons. This is stated in the State Statistics Committee. As noted, in January-February 2015 produced 4.6 million tons of coal. Recall that in January 2015, coal production in Ukraine has decreased by 51.2% compared with January 2014 - up to 3.42 million tons.
On Wednesday, the BG Group reported early field development Knarr, that in the North Sea. In this regard, it is planned to produce about 80 million barrels of oil equivalent. The company also noted that the production will be carried out using a floating vessel for the production, storage and offloading, which has a production capacity of 63 thousand. Barrels of oil equivalent per day, and its capacity is 800 thousand barrels.
The Deputies adopted the bill as a whole and №2273 "On Amendments to the Law of Ukraine "On Joint Stock Companies" (with respect to payment of dividends joint stock company)", which will allow the state to regain control over the company Ukrnafta. Appropriate decision at a meeting on Thursday, March 19 supported the 275 deputies. Thus, the law introduces a quorum for meetings of shareholders to 50% for all companies and provides for the payment of dividends.
Major oil and gas companies Shell, Statoil and Petronas have won the 8 to develop natural gas fields and three shale. This was stated by the Ministry of Energy and Coal Industry of Indonesia. Eight deposits of natural gas is one of the 13 proposed by the government last year. The other five fields failed to attract investors. The winning companies have pledged to spend US $ 1 44250000. To conduct exploration work over three years on 11 fields.
The American company ExxonMobil requires lower income tax rate for the project "Sakhalin-1" from 35% to 20% and return tens of billions of rubles overpaid, said Wednesday the newspaper "Kommersant". According to the newspaper, on Wednesday will arrive in Moscow president of the American ExxonMobil Rex Tillerson, he will meet with Finance Minister Anton Siluanov, Energy Minister Alexander Novak, Deputy Prime Minister Arkady Dvorkovich and President of "Rosneft" Igor Sechin. The main theme, according to the publication, will be the situation around the project "Sakhalin-1" where ExxonMobil is the operator and owns 30%. The American company wants to return the money overpaid as income tax in the project.
Increased royalties on gas production and 70% non-gas extracting companies put on the brink of extinction. The rate of 70% would result in an outflow of investment and reduce domestic gas to a critical minimum. Experts believe that taking the decision to raise the rent, the state took care of short-term profits rather than the long-term prospects.
In late January, the Cabinet adopted a resolution to expel monitoring and scientific support subsoil of the Order granting special permits. However, monitoring and scientific support subsoil is one of the mandatory items special conditions of a special permit and work program. GEOnews.com.ua asked for comment to the deputy director of the Ukrainian State Geological Institute Oleg Zur'yana.
Shell and Ukrgasdobycha discuss the process of termination of the joint venture in the Kharkiv region. This is stated in the press service of Shell in Ukraine. Thus, according to the completion of exploration undertaken under the joint venture agreement and Ukrgasdobycha Shell companies. "Based on the results of exploration, the parties agreed that the follow-up project is not economically viable and agreed solution to the termination of the contract", - the Shell. To carry out exploration in the Kharkiv region were drilled two wells search: Belyaevskaya-400 (Pervomajskiy district Kharkiv region) and Novo Mechebylivska 100 (Bliznyukovsky district Kharkiv region).