Italy's Eni raised its dividend on Wednesday despite a slump in fourth-quarter profits and like its rivals pledged to cut investment this year in the face of lower oil prices.

Trade unionists have warned they are ready to ballot on industrial action after companies including US-based groups Apache and Marathon , Talisman Sinopec and Canadian Natural Resources requested the move to a more demanding shift pattern.

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.

Russia might direct a new pipe to Bulgaria functioning as a ramification of its planned gas pipeline to Turkey

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.

BP DOESN’T SEE SIGNIFICANT SHALE GAS PRODUCTION IN EUROPE BY 2035

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

The United States, in contrast, showed robust economic and employment growth in 2014, which is forecast to continue through 2015.

BHI: US rig count continues 11-week dive, loses 98 more units