News - Page 7

The Regulation on the State Service of Geology and Mineral Resources of Ukraine

The Regulation on the State Service of Geology and Mineral Resources of Ukraine. The decree of the Cabinet of Ministers № 1174 adopted December 30, 2015 the State Service of Geology and Mineral Resources of Ukraine (Derzhheonadra) is the central body of executive power with activity directed and coordinated by the Cabinet of Ministers of Ukraine through the Minister of Environment and implements the state policy in the field of geological study and rational use of mineral resources.

December 25, 2015
Verhovna Rada reduced the rent for the "Ukrgazvydobuvannya" to 50% in April

Parliament has reduced rents in gas production of JSC "Ukrgazvydobuvannya" from 70% to 50% for the period from 1 April to 31 December 2016. Under such bill №3688 on Thursday voted 251 MP. The adopted law also provides for reduction of rent rates in commercial gas production from 55% to 29% (the depth of the well 5 km) and from 28% to 14% (with greater depth well) from 1 January 2016.

December 24, 2015
Wintershall and Argentine Gas y Petróleo del Neuquén signed an agreement

The German company Wintershall and Argentine state-owned Gas y Petróleo del Neuquén signed an agreement under which Wintershall will increase its stake in the project to develop oil and gas block Aguada from 50% to 90%. It is reported by World Oil. Back in March of this year Wintershall baseline on the block, drill two exploration wells. These wells will provide important information about the features of oil and natural gas located in the vast field of shale Vaca Muerta.

December 24, 2015
Serinus sells its share in "KUB-Gas"

Serinus sells its share in the gas company Cube Serinus Energy (Canada earlier - Kulczyk Oil Ventures Inc) has decided to sell 70% of its rightful gas extracting company "KUB-Gas" (Lugansk, Ukraine). This is stated in the message Serinus Energy on the website of the Warsaw Stock Exchange. "Serinus Energy Management reported that December 23, 2015 the company entered into an agreement with a private company for the sale of 70% of Kub-Gas Holdings Limited", - said in a statement.

December 04, 2015
Extractive Industries Transparency Initiative, published the first national report of Ukraine

Published report Extractive Industries Transparency Initiative Ukraine, covering the 2013 calendar year. The main objective of this report is the disclosure of information about the activities of subsoil users of oil and gas mineral resources, as well as the payments they made to the state in 2013.
November 19, 2015
Part of the rent from the subsoil should be given to local budgets - expert

Today, rents on subsoil use come into the general fund of the state budget. This makes it impossible to control exactly what these agents are. This was announced today during the expert-analytical roundtable on the "Road Map to ensure the ability of local government representatives and local communities to implement social and economic benefits of projects for the exploration and production of unconventional hydrocarbons in Ukraine. The results of the project ", which SEC" Psyche "is held in Kharkov, said the adviser to the president of the association" Ukrainian Subsoil Users' Maxim Avramenko.

November 19, 2015
Director of PJSC "Ukrgasdobycha" Oleg Prokhorenko: We were hampered by lack of financial resources

The largest gas company of Ukraine PJSC "Ukrgasdobycha" intends to attract international experts for a thorough audit of its oil and gas fields and wells. "It is revolutionary work," - said in an interview with RBC-Ukraine Head of PJSC "Ukrgasdobycha" Oleg Prokhorenko. According to him, an independent external international expertise will provide an opportunity to develop a reasonable and thoroughly consider the investment strategy for the development of domestic gas production.

November 11, 2015
Rada sent on second reading the law on rents on gas

The Parliament of Ukraine (Verkhovna Rada) sent on second reading a bill on the reduction in the rate of rental fee for use of mineral resources in mining from 70% to 14-29%. The relevant draft law №2835 "On Amendments to the Tax Code of Ukraine on cheapening the cost of gas for the population" in the second reading was supported by 205 MPs at the minimum required 226.

November 10, 2015
Leaders of the State Service of Geology and Mineral Resources of Ukraine subsoil geo held a meeting with the labor collective of BPH "Ukrgeofizika"

November 9, 2015, acting Chairman of the State Service of Geology and Mineral Resources of Ukraine Mykola Boyarkin met with the employees of the State Geophysical Enterprise "Ukrgeofizika 'and trade union representatives. Participants of the meeting discussed the current issues of the ASE "Ukrgeofizika." In particular, questions were raised finance exploration work, maintenance of the state property on the balance sheet, and the need to modernize outdated equipment.

November 03, 2015
Kobolev: there is enough amount of gas in storage for the winter

The amount of gas in underground gas storage will be enough for the normal passage of the heating season in Ukraine. This was announced today at the briefing by the head of board NAK "Naftogaz Ukraine" Andrey Kobolev, reports RBC-Ukraine. "We will buy gas in the volume that will be needed. We now have in underground storage 1 billion cubic meters of gas more than there were last year at the same date. Accordingly, this season we are entering a radically higher stock than it was last year, "- said Kobolev.