Boost for RIL, ONGC and GSPC
Tax holiday will be a major boost to gas-producing companies like RIL, ONGC and GSPC. For full story, click here
Archive for February, 2009
Glitch to be removed as gas cos too may get tax holiday
Oil and gas exploration companies, which may have been disappointed with the interim budget, need not lose heart. The government is expected to clear the air over the seven-year tax exemptions for producing natural gas soon. For full story, click here
StatoilHydro delivered three PDOs
StatoilHydro delivered three PDOs (Plan for Development and Operation) on the NCS: Yttergryta (18 January), Morvin (15 February) and the Troll Field project (27 June). StatoilHydro also started production from seven fields: For full story, click here
Production of liquids and gas at StateoilHydro
Total equity production of liquids and gas in 2008 was 1.925 million barrels of oil equivalents per day, up 5% from 2007. For full story, click here
StatoilHydro ASA plans dividend of NOK 7.25 per share
The board of directors is proposing a dividend of NOK 7.25 per share. For full story, click here
StatoilHydro ASA: Q4 results 2008
StatoilHydro ASA fourth quarter 2008 and preliminary results for 2008, operating and financial review. StatoilHydro’s net income for the year 2008 amounted to NOK 43.3 billion, compared to NOK 44.6 billion in 2007. For full story, click here
Prices will not affect investments: TPAO
The TPAO official said the recent decline in oil prices in global markets would not have any adverse impact on Turkey’s projected investments. For full story, click here
TPAO, Chevron to cooperate in Black Sea
The Turkish Petroleum Corporation (TPAO) has accelerated its talks with US oil company Chevron over joint exploration for oil off the Black Sea coast. For full story, click here
The refiners will get bonds from the government
The refiners will get bonds from the government to cover the remaining amount. The accounts will be settled at the end of the financial year. For full story, click here
India’s Oil, Gas Producers to Pay Refiners Subsidy
ONGC, India’s biggest energy exploration company, and other state-run explorers will pay refiners 320 billion rupees ($6.6 billion) as subsidies for selling fuels below cost in the year ending March, the government said. For full story, click here
