China and Russia will seal an agreement later this year on piped gas from Western Siberia, China’s foreign minister said on Sunday, a deal that will continue Russia’s economic shift towards Asia and away from Western Europe.

The world may run on oil, but the oil industry runs on money. The US shale boom would not have been possible without a huge inflow of capital: the small to midsized companies that led the revolution raised $875bn from syndicated loans, bonds and equities in 2007-14, 83 per cent of it in debt, according to Dealogic.

The strategic task of the European Union's Energy Union is to diversify sources and delivery routes of energy in order to guarantee energy security for the EU and make energy prices controllable

The U.S. oil and gas sector bled away more jobs last month as sustained low oil prices forced energy producers to reduce spending, suggesting that further pain may be ahead for the struggling industry.

Onshore and offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices.

Oil production in federal Gulf of Mexico expected to continue increasing

Russia's gas supplies to the Asia-Pacific Region by 2035 can rise ninefold from 14 to 130 billion cubic meters, Russian Energy Minister Alexander Novak said at the Krasnoyarsk economic forum.

The Scandinavian country is one of the wealthiest nations in the world, thanks to 40 years of North Sea oil production. The global financial crisis barely registered amid decades of almost nonstop growth.

Low oil prices to hurt Canadian banks more than U.S. counterparts

Europe is luring twice as many liquefied natural gas (LNG) tankers as last year and more are expected in what is now the premium-priced market after a year-long demand slump in Asia.

EOG Resources, the largest US shale oil producer, expects its rapid production growth of recent years to come to a halt in 2015, in the starkest sign yet of how weak crude prices are hitting the industry. The company told analysts on a call on Thursday that it was “intentionally choosing returns over growth”.

The project to construct a new gas pipeline with a capacity of 63 billion cubic meters from Russia to Turkey has entered the execution stage, Russian energy giant Gazprom has said by a written statement on late Feb. 24.

There was no clear answer to the question of where LNG for Europe might come from in a session devoted to the topic at the European Gas Conference in Vienna, Austria, but that didn't mean that panel participants were unable to provide a wealth of information and insights to the discussion.

Ukraine has agreed to increase the cost of gas to consumer by 280 percent, and 66 percent for heating, as part of the IMF terms for getting extra financial aid, says Valery Gontareva the head of the National Bank of Ukraine.

Shale gas and tight oil are commercially produced in just four countries