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The British company JKX Oil & Gas plc, a blocking stake in which belongs to the structures Igor Kolomoisky and Gennady Bogolyubov his partner, asked the International Court of Arbitration proceedings against Ukraine. This is stated in the company on the London Stock Exchange.

Argentine authorities decided to allocate subsidies on production and export of oil in the amount of $ 6 billion. Funding will be made within the incentive program, which is designed to prevent falling prey to the sharp decline in world oil prices. Such information agency reported Argus.

The second oil company by market capitalization in the US and third in the world Chevron Corp. reduced net income in the fourth quarter of 2014 to a minimum of five years amid falling oil prices. According to a press release, Chevron's net profit in the IV quarter fell to $ 3.47 billion, or $ 1.85 per share, compared with $ 4.93 billion, or $ 2.57 per share for the same period 2013.

Companies that have invested in June 2014. The development of energy lost about 390 billion dollars because of falling world oil prices, says agency Bloomberg. Over the past five years, investors have invested more than 1.4 trillion dollars in oil and gas industry, the agency said. According to the agency, their means, in particular, to an increase of US light crude oil production to the maximum values for the last 30 years.

Claim Novograd Volyn interdistrict prosecutor demanding the return of state land area of 6 hectares worth nearly 1.7 million, which the company improperly enjoyed, the court granted. This "Journal of Zhitomir" the press service of the regional prosecutor's office. It was established that the company took on lease land for industrial development of deposits of granite, in breach of the signed contract, the Law of Ukraine "On Land Lease" Tax and Land Codes, during the year paid rent for use.

Total Corporation received a major concession to operate the oil fields of Abu Dhabi (United Arab Emirates). This was announced today the leadership of French energy company in its communiqué. Obtaining concessions preceded by long difficult negotiations during which France is seeking permission for an extension of the previous 75-year permit to operate the bowels of the emirate.

French oil and gas company Total disclaims search of hydrocarbons in the exclusive economic zone of Cyprus to the publication In-cyprus. Total in 2013 concluded two agreements with the Government of Cyprus to the exploration and development of hydrocarbon deposits, while companies were given plots 10 and 11.

Foreign explorers that are key to Ukraine’s future energy independence are fleeing the nation as a war against pro-Moscow insurgents in eastern regions sends the economy into freefall. Even government measures aimed at shrinking consumption of Russian gas have helped drive some international companies away.

National Joint Stock Company "Nadra Ukraine" reports a change in the date of opening of envelopes with competitive applications submitted to the twenty-third competition to attract investment to perform the search, exploration, mining and other activities on the field Perevizivska license area SC "Mirgorodneftegazrazvedka."

British oil company BP expects to increase oil production in their traditional and deepwater fields, as well as the growth of gas production in the long term, it should be from a company press release.