Canada’s oil and gas companies have eliminated at least 40,000 jobs this year, the industry’s lobby group estimates, while companies have curtailed spending. Canadian Natural Resources Ltd., the nation’s largest heavy oil producer, will rely on cash flow to cover its capital spending next year after eliminating C$3.2 billion ($2.4 billion) from its 2015 budget. Blackpearl Resources Inc., a small operator, will spend only C$15 million next year, a fraction of the C$235 million the company spent in 2014.

Non-OPEC crude oil and other liquids production grows by 1.2 million barrels per day (b/d) in 2015, and then declines by 0.4 million b/d in 2016, which would be the first annual decline in non-OPEC production since 2008.

LNG to northeast Asia, home to the world’s biggest consumers, plunged 27% this year, outpacing Brent’s 23% slump as of Wednesday. While analyst estimates show that crude will recover in 2016, prices for the super-chilled fuel will probably extend declines by as much as 23%.

Qatar's LNG is expensive compared to Russian gas (although Russian gas is also not cheap). New LNG terminals will not be easy to build in the short term; it is a very expensive process. It also possible to increase the efficiency of processing and transmission of gas through the introduction of modern technology, however, it will not completely solve the problem.

Australia’s $170-billion liquefied natural gas (LNG) construction boom is winding down, and the hunt for new work is picking up.

Petroleo Brasileiro SA, as Petrobras is formally known, is targeting $15.1 billion in disposals by the end of next year but has struggled to sell assets in less attractive prospects off Brazil and in the Gulf of Mexico.

Gazprom’s activities in the Caspian Sea region and its negotiations with China show that Russia is increasingly looking for opportunities to strengthen its position in other regional energy markets, even though this is connected with high political and economic costs.

Nord Stream 2 project will be commissioned in the fourth quarter of 2019, in line with previous declarations that forecasted the new pipeline to be commissioned in 2019.

The selloff marks a sharp shift in Wall Street sentiment from earlier in the year, when investors piled into energy-company debt and firms sold new bonds as the price of oil appeared to stage a comeback.

The falling oil and gasoline prices that for months have coincided with strong U.S. hiring have helped most Americans. But they’ve come at a painful cost for workers in the energy and mining sector: 122,300 lost jobs in the past year. Overall, U.S. employers added a robust 211,000 jobs and the unemployment rate held steady at a low 5 percent.