A net loss of $376 million ($0.26 per common share) was recorded in the third quarter of 2015, compared with net earnings of $919 million ($0.63 per common share) in the prior year quarter. The net loss for the third quarter of 2015 included an unrealized after-tax foreign exchange loss of $786 million on the revaluation of U.S. dollar denominated debt. Net earnings in the prior year quarter included an after-tax gain of $61 million on the disposal of the Wilson Creek assets in the E&P segment, offset by a $54 million income tax and interest charge related to a prior period in the Oil Sands segment, and the impact of an unrealized after-tax foreign exchange loss of $394 million.

Royal Dutch Shell’s third quarter 2015 earnings, on a current cost of supplies (CCS) basis, were a loss of $6.1 billion compared with a gain of $5.3 billion for the same quarter a year ago.

Statoil reported net income in accordance with IFRS of negative NOK 2.8 billion, mainly due to net impairment charges and provisions.

Estimated total U.S. oil and natural gas well completions decreased by 44 percent in the third quarter of 2015 compared to year-ago levels, according to API's 2015 Quarterly Well Completion Report, Third Quarter.

The outlook of gas supply prices to Europe was adjusted upward by more than 14% to $199 per 1,000 cubic meters for 2015, Russia’s Ministry of Economic Development said on Friday.

A Chinese holding company signed a letter of intent to purchase oil and gas assets in the Permian basin of West Texas for $1.3 billion through a limited liability partnership.

Russian Energy Minister Alexander Novak said on Friday Kremlin-controlled gas producer Gazprom has offered gas supplies to Iran under a swap arrangement, and similar oil deals were also under consideration.

U.S. Rig Count is unchanged from last week at 787, with oil rigs down 1 to 594, and gas rigs up 1 to 193.

Sending gas to Europe doesn’t make commercial sense for Iran, says Matthew Bryza, former US assistant secretary for South Caucasus and former US ambassador to Azerbaijan.

PJSC LUKOIL press office announces the completion of drilling of the exploratory well Lira-1X and the discovery of a gas field in the Lira offshore structure, which is located at the Trident block (EX-30) in the deep-sea Romanian offshore. Exploration on the EX-30 block is conducted by LUKOIL Overseas Atash BV (100-% subsidiary of PJSC LUKOIL) within the framework of the Concession Agreement with the Government of Romania of 2011. Currently LUKOIL's share in the project is 72%, while PanAtlantic Petroleum Ltd owns 18% and Societatea Nationale de Gaze Naturale Romgaz SA owns 10%.