China’s Sinopec has become the latest oil major to cut its capital expenditure, after the slide in crude prices knocked nearly one-third from its 2014 profit.

Australia-based Woodside Petroleum is reportedly cutting 300 jobs and freezing pay in response to low oil prices.

Before Donald Tusk became president of the European Council, the former Polish prime minister had already begun campaigning for a European energy union.

Deals for North Sea oilfields — which have been held back by the plummeting price of Brent crude — could soon come back on stream, as a new tax cut helps to draw in private equity investors.

European companies are increasing their focus on offshore projects, securing an increase of their financing facilities and forging joint ventures to reduce costs.

Russia is using natural gas as a political tool and the United States needs to know if it is “on the same page” with Turkey regarding Russia’s actions, a top U.S. energy envoy has said.

The world’s biggest energy groups have sold record amounts of debt this year, taking advantage of historically low interest rates to plug cash shortfalls with borrowing, after a 50 per cent plunge in oil prices.

Companies within Russia’s energy industry should take advantage of Cyprus’ existing and potential opportunities relating to natural gas infrastructural projects, Energy Minister Giorgos Lakkotrypis said on Friday.

Total SA is seeking the equivalent of up to $15 billion in Chinese financing to fund its expansion in Russia, its chief executive said, as U.S. sanctions complicate the French oil giant’s big bet there.

The Bulgarian government finds itself in a position where it needs to secure long-term reliable natural gas supplies, after two successive failures in the past few years to get involved in major infrastructure projects, namely the Nabucco and the South Stream pipelines.

Russia may postpone completion of a huge pipeline to bring gas from two new fields to China, three sources with direct knowledge of the plans of export firm Gazprom said, delaying one of President Vladimir Putin's signature projects.

Russian billionaire Mikhail Fridman is preparing to sell a dozen North Sea gasfields at the heart of a fierce row over ownership, in a move that would avert a high-profile legal battle with the UK government.

Saudi Aramco will increase its spending on research and development in 2015, despite the falling price of oil.

Talisman Energy Inc., the Canadian energy firm being taken over by Spain’s Respol SA, has joined an expanding list of oil-and-gas producers who are cutting jobs and shaving capital budgets as oil prices continue to slump.

Malaysia's Petroliam Nasional Bhd (Petronas) plans to use the $5 billion it raised in Asia's largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company said.