Libyan Oil Sector Recovery Suffers Output Setback Output Falls Below 700,000 Barrels a Day After Insecurity Forced Largest Oil Field to Shut Down

AAPG ICE: Seismic reprocessing enhances potential for Russia’s legacy basins

Gazprom, Lukoil Seek to Invest in Mexico’s Power Sector

North American shale-focused companies' financial performance has improved

Norway oil output declines in August

Third High-Level Meeting of the OPEC-Russia Energy Dialogue

Battle for oil in ‘Africa’s last colony’

Myanmar sees foreign investment topping $5 bln in 2014-15

Total resumes $2.5 billion Nigerian deepwater oil field sale

Russia is the second-largest producer of dry natural gas and third-largest liquid fuels producer in the world. Despite its significant reserves of coal, it produces only modest amount of coal. Russia's economy is highly dependent on its hydrocarbons, and oil and gas revenues account for more than 50% of the federal budget revenues.