With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.

TOTAL Senior Vice President on Strategy and Business Intelligence, Mrs. Helle Kristoffersen, stressed the importance of addressing Europe’s gas supply amidst the current crisis between Russia and Ukraine, speaking on the session panel on Global Energy Security, Supply and Demand at the Abu-Dhabi International Petroleum Exhibition and Conference on November 12, 2014.

After years of friction, the two sides last week struck a deal in which Kurds will give half of their overall oil shipments to the federal government and Baghdad will pay overdue civil servants' salaries in the region.

Technip, Europe’s biggest oil and gas services group by market capitalisation, has made a €1.47bn cash bid for French seismic surveyor CGG, but the offer was rebuffed on Thursday.

Ineos, the Swiss-based chemicals company, has entered the race to develop UK reserves of shale gas, unveiling ambitious plans on Thursday to spend $1bn on exploration in coming years.

China's energy targets for 2020, if assumed to be credible and achievable, give a clear indication of likely winners and losers.

Cheap takeover targets in bombed-out sectors of the market have driven M&A activity to seven-year highs in 2014, with oil and gas sector deals coming in at a rate not seen on records going back to the 1970s

Crude Rises as China Rate Cut Spurs Optimism About Demand

Sanctions are forcing Exxon Mobil Corp. to look for alternative assignments for an offshore rig supposed to sail back to the Russian Arctic next summer, writes Bloomberg.

Iran will protect its share of global crude sales under all circumstances, Oil Minister Bijan Namdar Zanganeh said, as OPEC members prepare to meet next week to review production levels.