Yuzno.com

State-controlled energy companies OAO Gazprom and Petroleo Brasileiro SA are winning the battle for investors as their governments squeeze Exxon Mobil Corp., BP Plc, and Royal Dutch Shell Plc for access to oil and gas.
Russia’s Gazprom forced BP and Shell last year to cede control of gas deposits that can supply Asia for more […]

The first in 2008 meeting of journalists with Mr. A. Khoroshavin, Governor of the Sakhalin Region was held at the Administration of the Sakhalin region. Mr. A. Khoroshavin announced that building of an aluminium smelter in the Uglegorsk region was important for Sakhalin. It was discussed at the negotiations with Russian Aluminium. A memorandum […]

Russia has abolished for two years import duties and customs taxes for offshore drilling rigs temporarily imported to Russia for exploration work, the government said on Tuesday.
The measure is the first step toward a long-discussed reduction of taxes for energy companies exploring offshore fields, which are expected to contain massive oil and gas reserves but […]

Two earthquakes occurred in Sakhalin and Kuriles over the past 24 hours.
According to a report of the press service of the Far Eastern Regional Centre of the Ministry for Emergency Situations, one earthquake was registered in the area of the port of Kholmsk (western coast of Sakhalin). The epicentre was situated under the bottom of […]

Another fishing trawler is in distress in the Sea of Okhotsk. On Monday, the Ostrov Simushir trawler based in Sakhalin got caught in its own fishing net that stuck on the ship’s propeller and paralysed the ship. A 29-strong crew cannot get out of trouble and disentangle the net without help.
The Spravedlivy rescue ship […]

Ministry of regional development approved prices for square meter of accommodation in regions of the federation. Most expensive accommodation is in Sakhalin and Moscow.
Dmitry Kozak ordered to approve average market value of 1 square meter of total living floor area among Russian Federation areas. For subsidies calculations that are allocated according to plan for […]