Africa oil industry refocuses priorities as price falls and setbacks bedevil groups

Russia's Gazprom put 2015 investments at $18 bln

With less than three weeks to go before OPEC meets in Vienna and the selloff in oil showing few signs of letting up, speculation is mounting the group will take action to try to stem the decline.

A growing list of delayed or cancelled projects, seen by some investors as a healthy move by majors to rein in capital spend after a poor history of returns is working its way through corporate earnings; it has already pummelled the share price of some European suppliers seen as financially fragile.

West Texas Intermediate and Brent oils increased after U.S. employment gains exceeded 200,000 for a ninth month and the jobless rate dropped to a six-year low, bolstering the fuel demand outlook.

Asian governments must reform their natural gas markets if the region is to see an expansion in liquefied natural gas (LNG) supply to meet its rapidly growing demand

Pakistan plans to sign deals worth billions of dollars with China for development of infrastructure and energy projects during Prime Minister Nawaz Sharif ’s visit to Beijing this weekend, Pakistani officials said.

The first phase of the Sabine Pass project will cost more than $12 billion and seemed unlikely after Cheniere bet the wrong way on the U.S. natural gas market

A liquefied natural gas export plant proposed for Canada’s Pacific coast and backed by Royal Dutch Shell PLC could cost up to 40 billion Canadian dollars ($35.3 billion), according to a regulatory filing with the British Columbia government.

Egypt received $10.6 billion in aid from Gulf states in the last fiscal year