Brazil's state-run oil company Petroleo Brasileiro SA discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find, the company said in a securities filing on Wednesday.

OIL PRICES WTI, BRENT,1990 - 2014

BBC - Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine,

France’s Total on Monday said its joint venture with Russia’s Lukoil , to explore shale oil in western Siberia , had ground to a halt as a result of western sanctions.

France’s Total on Monday said its joint venture with Russia’s Lukoil , to explore shale oil in western Siberia , had ground to a halt as a result of western sanctions.

Total Looks to China to Finance Russian Gas Project Amid Sanctions Total SA said it was seeking nondollar financing for a gas project in Russia, becoming the second energy company in several days to indicate that Western sanctions on the Kremlin are affecting expansion plans.

The Yamal plan, a $27 billion investment to tap vast natural gas reserves in northwest Siberia, aims to double Russia's stake in the fast-growing market for liquefied natural gas.

Statoil installs compressors to extend North Sea fields’ lives

OPEC Output-Target Cut Not Agreed Yet, U.A.E. Oil Minister Says