News - Page 14

March 12, 2015
Shell and Ukrgasdobycha stops in Kharkiv region


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).
March 10, 2015
Association "Subsoil users Ukraine" became part of the Ukrainian part of the Ukrainian-Georgian Business Council at the UCCI

Association "Subsoil users Ukraine" became part of the Ukrainian part of the Ukrainian-Georgian Business Council at the UCCI. The Constituent Assembly held on February 26 this year. The council included 32 specialized industrial organization in tital. Information on the composition of the board will be sent to the Chamber of Commerce of Georgia.

March 10, 2015
In 2015 gas production in Ukraine will decrease - Kobolev

State-owned companies of Ukraine in 2015 are likely to reduce gas production due to reduction of the price to 349 UAH per 1 thousand cubic meters. This was said in the chapter on ICTV "Naftogaz of Ukraine" Andrew Kobolev, reports UNN. "This year we are planning that gas state companies of Ukraine will be reduced. The investigation - a price reduction 349 UAH per 1 thousand сubic meters. In all, sooner or later you have to pay," - he said.

March 10, 2015
Mining companies urged the German government to take care of the domestic industry, deciding the fate of frekinga

Representatives of the oil and gas industry in Germany called on the government to make an effort to support future domestic production with  the new rules of freking  and technological development. The Ministry of Environment is preparing a legal framework for regulating drilling and promises strict environmental audits, which include a ban on drilling in water protection zones.

March 4, 2015
Geomonitoring canceled: is it worth the candle skin?

Mining companies reduce costs by eliminating the norms of geological monitoring and scientific support. The need for geological monitoring has been the most controversial topic among subsoil, geologists and other industry professionals. But now the question is solved: CMU adopted a decree №42 of January 28, 2015 according to which the norm of conduct geological monitoring is excluded from the Order of granting special permits for subsoil use.

March 02, 2015
Rada pushes gas production tax up to 70 percent

Hard times coming for Ukraine's domestic gas extraction. Verkhovna Rada, country's parliament, raised the production tax for the gas companies up to 70 percent during the March 2 session, while previously the rate was 20 percent. This covers all the gas extraction up to 5 kilometers from the surface. Decision affects private companies, a source of 3.3 billion cubic meters of blue fuel last year, the most.

February 27, 2015
Subsoil users are willing to use international accounting standards EITI for greater transparency of relationships in the industry - Roman Storozhev

The lion's share of the income of the state budget of Ukraine formed mining companies. But ignorance of society on income from subsoil and the fair distribution of these funds often leads to the fact that there is a distrust of the companies, the distortion amounts of their income. Thanks to the implementation of the EITI standards in the first place the population as well as business and investors could watch the payments to the state subsoil and their distribution. This was stated by the president of the association "Subsoil users Ukraine" Roman Storozhev, speaking at a conference February 25, 2015 on the application of EITI in Ukraine.

February 27, 2015
EITI Secretariat calls to Ukraine to activate steps for preparation of the First Report

During the meeting with stakeholders the head of the Secretariat of Extractive Industries Transparency Initiative Jonas Moberg (Jonas Moberg) and Regional Director Richard Dion (Richard Dion) agreed to make their best efforts and actions that Ukraine managed to publish its first report in October 2015, although the stick this deadline will not be easy. Energy Minister Vladimir Demchishin during a meeting with Mr. Moberg reiterated the readiness of the Ministry of Energy and Mines to work on the implementation of the EITI. It should be noted that in the near future it is planned to sign an agreement with the World Bank and begin the necessary procedures to find an independent administrator.
February 16, 2015
Roman Storozhev: As part of the adoption of the new Law "Abuot the natural gas market" need to legislate the norm of non-intervention of the state

As part of the adoption of the new Law of Ukraine "Abuot the natural gas market" need to legislate the norm of non-interference of the state in the functioning of the market except for the cases when it is necessary to eliminate the force majeure on the market, or provide other general interests, but only if that such intervention will be short.