Subscribe to our Mailing Lists (It's free!)
Thursday, June 5, 2025
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Kerch Strait oil spill

    Ukraine charges captain of tanker over Kerch Strait oil spill

    lessons learned

    Lessons learned: Position your body correctly in confined spaces

    USCG alert

    USCG issues alert on fire detection systems on towing vessels

    Genoa Port

    Ferry suffers exhaust system fire in port of Genoa

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    balanced life

    Balanced life improves mental health

    Too important to be routine: Enhancing Master and Chief Engineer performance appraisals

    Too important to be routine: Enhancing Master and Chief Engineer performance appraisals

    culture of respect

    Addressing crew shortage: Establish clear expectations for respectful and professional behaviour

    Book Review: Building leaders the MMMA way

    Book Review: How to avoid a climate disaster

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    wind assisted propulsion

    Union Maritime set to take delivery of new wind-assisted tanker

    Northern Sea Route

    Russia expects 50% rise in Northern Sea Route transits

    khalifa port e-methanol

    Major players sign for e-methanol bunkering at Khalifa Port

    Mitsubishi

    Companies join forces on green energy and digitalization

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    ABS cybersecurity

    ABS: 8 key steps for cybersecurity and operational readiness

    nuclear data centres

    New study explores floating nuclear data centers to support AI

    shipping emissions containerships

    New study reveals that digital port queueing cuts emissions by 24%

    From human error to human insight: How behavioral data is reshaping maritime safety

    From human error to human insight: How behavioral data is reshaping maritime safety

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    libya

    UN extends mandate on vessel inspections off Libya’s coast

    NCL Salten

    Inspection onboard NCL Salten reveals deficiencies

    India monsoon

    India: Mooring and anchoring during the Monsoon season

    hull

    Libya mandates underwater hull inspections

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    tariffs Trump

    US raises tariffs on steel and aliminum from 25% to 50%

    Northern Sea Route

    Russia expects 50% rise in Northern Sea Route transits

    South Africa

    South Africa revives plans to establish a national shipping line

    Panama Canal Authority

    Panama Canal experiences historic surge in container ship transits

  • Columns
    ethanol

    Ethanol makes its case in maritime decarbonisation

    crew welfare

    Proactive measures can transform crew wellbeing

    zombie vessels

    Zombie vessels and the grey fleet

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Kerch Strait oil spill

    Ukraine charges captain of tanker over Kerch Strait oil spill

    lessons learned

    Lessons learned: Position your body correctly in confined spaces

    USCG alert

    USCG issues alert on fire detection systems on towing vessels

    Genoa Port

    Ferry suffers exhaust system fire in port of Genoa

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    balanced life

    Balanced life improves mental health

    Too important to be routine: Enhancing Master and Chief Engineer performance appraisals

    Too important to be routine: Enhancing Master and Chief Engineer performance appraisals

    culture of respect

    Addressing crew shortage: Establish clear expectations for respectful and professional behaviour

    Book Review: Building leaders the MMMA way

    Book Review: How to avoid a climate disaster

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    wind assisted propulsion

    Union Maritime set to take delivery of new wind-assisted tanker

    Northern Sea Route

    Russia expects 50% rise in Northern Sea Route transits

    khalifa port e-methanol

    Major players sign for e-methanol bunkering at Khalifa Port

    Mitsubishi

    Companies join forces on green energy and digitalization

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    ABS cybersecurity

    ABS: 8 key steps for cybersecurity and operational readiness

    nuclear data centres

    New study explores floating nuclear data centers to support AI

    shipping emissions containerships

    New study reveals that digital port queueing cuts emissions by 24%

    From human error to human insight: How behavioral data is reshaping maritime safety

    From human error to human insight: How behavioral data is reshaping maritime safety

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    libya

    UN extends mandate on vessel inspections off Libya’s coast

    NCL Salten

    Inspection onboard NCL Salten reveals deficiencies

    India monsoon

    India: Mooring and anchoring during the Monsoon season

    hull

    Libya mandates underwater hull inspections

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    tariffs Trump

    US raises tariffs on steel and aliminum from 25% to 50%

    Northern Sea Route

    Russia expects 50% rise in Northern Sea Route transits

    South Africa

    South Africa revives plans to establish a national shipping line

    Panama Canal Authority

    Panama Canal experiences historic surge in container ship transits

  • Columns
    ethanol

    Ethanol makes its case in maritime decarbonisation

    crew welfare

    Proactive measures can transform crew wellbeing

    zombie vessels

    Zombie vessels and the grey fleet

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Russia signs plan for tax breaks on Arctic oil and gas drilling

by The Editorial Team
March 11, 2020
in Arctic, Offshore
antarctic cruise operators

Above image is used for illustration purposes only / Credit: Shutterstock

FacebookTwitterEmailLinkedin

Russia will slash taxes for oil and gas companies that want to conduct business in the Arctic, under a new polar development plan the will span for the next 15 years. The  Arctic Master Plan was signed by Putin.

However, the plan has raised concerns about its impact on climate change. In fact, some Russian ministries have warned that this plans has not addressed issues regarding global warming.

Namely, the environmental ministry published a study, indicating that Russia is warming two times faster than any other country on earth, due to increasing temperatures from fossil fuel emissions.

What is more, despite Russia’s backing the Paris Climate Accord, recent climate change plans published by the government, show that Russia intends to take advantage of polar ice melt. Now, many consider that the new plan is a push towards that direction.

RelatedNews

Russia expects 50% rise in Northern Sea Route transits

Tanker collides with pier in Kazan River Port

According to the plan, for the next 15 years, taxes on all new Arctic shelf oil recovery projects will be reduced to 5%. The percentage falls to 1% for all new natural gas projects. Additionally, new oil projects in the eastern Arctic will be cheaper. The new legislation also suggests that oil drilling there will lead to a zero-level production tax.

As for building ports and other infrastructure to accommodate the oil and gas fields, these businesses will also be cheap.In fact, such enterprises will get a break from any income tax for 10 years.

Overall, this tax relief is expected to result to more than $230 billion in new investments to the Arctic region, with an overall boost in the amount of oil and gas Russia produces.

Russia signs plan for tax breaks on Arctic oil and gas drillingRussia signs plan for tax breaks on Arctic oil and gas drilling
Russia signs plan for tax breaks on Arctic oil and gas drillingRussia signs plan for tax breaks on Arctic oil and gas drilling
Tags: Arcticoil and gas industryRussia
Previous Post

COVID-19 impacts Port of LA cargo volumes

Next Post

Drug-taking on fishing vessels is a major challenge

Related News

Yet another commercial vessel gets attacked in the Red Sea
Seafarers

Russian seafarers evacuated from oil tanker in Yemen

May 29, 2025
Dryad Global Black Sea security
Security

Dryad Global: Attacks on Ukraine’s ports likely to escalate

May 29, 2025
fire
Accidents

Third fatality confirmed after fire on oil platform off Angola

May 29, 2025
ships antarctic
Arctic

ICCT: IMO Arctic sees doubling in black carbon emissions

May 28, 2025
Odesa missile strike
Security

Russian strike in Odesa port leaves two dead

May 26, 2025
ocean economy
Sustainability

Sustainable ocean economy could create 51 million jobs by 2050

May 23, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Explore more

No Result
View All Result
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Content Marketing
  • Contact

© 2025 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA

Manage your privacy
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Manage options
{title} {title} {title}
No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA