Russia has been selling foreign currency reserves to help make up the budget shortfall. A slide in Russian revenue from oil and gas clashed against the Kremlin ramping up spending on its nearly ...

Russia's oil and gas revenue fell by 35% year-on-year in May to 512.7 billion roubles ($6.55 billion), data from the finance ...

The oil and gas sales, which have accounted for more than 28% total Russian budget proceeds so far his year, also rose by 27.5% from October 2022 as the government did not pay the so-called damper ...

while the Finance Ministry revised its budget projections to expect oil and gas revenues falling 2.6 trillion rubles ($32 billion) short. That would leave a budget deficit of 3.8 trillion rubles ...

She estimated that the budget might not receive up to RUB 2 trillion (US$23.7 billion) in oil and gas taxes this year, or about 18% of the planned amount (RUB 10.9 trillion which is equivalent to ...

Oil and gas revenue was making up an increasing portion of New Mexico’s budget, as production in the Permian Basin boomed, even as state officials sought to diversify its economy away from its ...

President Joe Biden renewed his calls to slash energy subsidies for "Big Oil" companies in his budget proposal for fiscal ... depletion related to oil and gas wells, which would reduce the deficit ...

Budget 2024 may also focus on energy transition practices by the public sector oil and gas companies as the country moves towards attaining net-zero by 2070. In Budget 2023, the government has ...

Calgary, Alberta--(Newsfile Corp. - December 16, 2024) - Saturn Oil & Gas Inc. (TSX ... is pleased to provide our 2025 development capital budget and annual guidance, along with an operational ...

It could be Christmas in July for the Oklahoma oil and gas industry as it secured $50 million under a tax rebate program for methane-reduction equipment upgrades in a budget agreement struck last ...