New Russian tax code legislation changes expat obligations
Radical changes to the Russian Tax Code, put into place by Pres. Vladimir Putin last August, will soon alter the way in which expatriate workers are taxed within the Russian Federation.
Watching the World: Supermajors shift SE Asia focus
The wave of corporate consolidation that led to the creation of the big four Western supermajors and is, in the process, changing most every rule in the oil and gas game, now promises to start a paradigm shift in Southeast Asia's upstream business, judging by a report on the region from Edinburgh-based industry analysts Wood Mackenzie.
OPEC price-band trigger spawns output hike again
The Organization of Petroleum Exporting Countries has agreed to boost oil production by another 500,000 b/d, effective Oct. 31, in a further effort to ease high oil prices.
COMPANY NEWS: Surge in Canadian M&A activity continues
Merger and acquisition activity among Canadian exploration and production firms continues at a fairly moderate pace.
PERSONNEL MOVES AND PROMOTIONS: Army generals named to top slots at PDVSA, Citgo
In a surprise move, Venezuelan Pres. Hugo Chavez has announced a "profound" restructuring of Petroleos de Venezuela SA, naming an army general to the helm of the company.
Watching Government: The army and oil
It should be no surprise that Venezuelan Pres. Hugo Chavez, a former army paratrooper, has turned to the army to help him manage state oil company Petroleos de Venezuela SA.