Suncor Energy today announced that it is sending a letter to shareholders of Canadian Oil Sands Limited ("COS"). The letter outlines the value of Suncor's offer to purchase all of the shares of COS against the poor performance and track record of COS and what Suncor believes are the severe risks facing COS as an independent company both now and in the future. Suncor strongly encourages COS shareholders to tender to its offer.

A net loss of $376 million ($0.26 per common share) was recorded in the third quarter of 2015, compared with net earnings of $919 million ($0.63 per common share) in the prior year quarter. The net loss for the third quarter of 2015 included an unrealized after-tax foreign exchange loss of $786 million on the revaluation of U.S. dollar denominated debt. Net earnings in the prior year quarter included an after-tax gain of $61 million on the disposal of the Wilson Creek assets in the E&P segment, offset by a $54 million income tax and interest charge related to a prior period in the Oil Sands segment, and the impact of an unrealized after-tax foreign exchange loss of $394 million.

ExxonMobil Corp. says it started production from Arkutun-Dagi field in its Sakhalin-1 project in northeastern Russia. The field is expected to produce about 90,000 boe/d.

The South Stream project is continuing as planned, an official of the Russian Energy Ministry's pool and gas department said on Monday

Gunvor to reduce footprint in Russia

Investors flocked to Kazakhstan’s first dollar-denominated bond in more than a decade, the first sovereign bond deal to include terms created in response to Argentina’s acrimonious default.

Rosneft Discovered a New Hydrocarbon Field in the Kara Sea

How the Ukrainian crisis could cause tremors in the Gulf

Energy ministers from Russia and several countries in Central & Eastern Europe (CEE), chamber of commerce heads and other high level speakers gathered in Budapest, Hungary on 16 September to grapple with energy security issues at the Gas Dialogues event Development and Use of Natural Gas in the Danube Region: Prospects and Opportunities.

Battle for oil in ‘Africa’s last colony’