The government declared that it will lose Rs 40,000 crore in revenues if natural gas output is given tax breaks, the revenue department in the Finance Ministry has opined, an assessment disputed by experts. Petroleum Minister Murli Deora stated: The Income Tax holiday should be applicable for both oil and gas exploration, especially because at [...]
The government of India declared that it will lose Rs 40,000 crore in revenues if natural gas production is given tax breaks, the revenue department in the finance ministry has opined, an assessment disputed by experts. For full story, click here
Marcellus Shale revealed that its natural gas revenues would be used to help plug the state budget deficit as appoved by legislation. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it [...]
Allied Resources Inc. posted record financial results for the first half of 2008 due to increase in oil and gas revenues. Ruairidh Campbell, Allied’s chief executive officer, commented: While we are very pleased with these results, we are convinced that growth opportunities remain within the reach of small independent producers as energy prices make a [...]
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