Russia's No.2 oil producer Lukoil launched an oilfield in western Siberia ahead of schedule on Wednesday, a major step in its drive to prop up falling production and to weather U.S. sanctions over Ukraine.

Occidental Petroleum Corp, the fourth-largest U.S. oil and gas producer by market capitalization, is looking to sell its North Dakota oil assets for as much as $3 billion as the company seeks to focus on profitable regions, Bloomberg reported on Monday.

Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea, at a promotional event in Texas next week, a senior oil ministry official said on Tuesday.

Shares in Cairn Energy rose 3.6 per cent on Tuesday after the Edinburgh-based oil explorer confirmed a large oil discovery off the coast of Senegal in west Africa.

«Башнефть», несмотря на то, что почти 85% акций арестованы и в будущем могут быть переданы государству, сохраняет планы по SPO, заявил президент нефтяной компании Александр Корсик в эфире телеканала «Россия 24»

The president’s economic address at Northwestern University celebrated the results of America’s energy revolution but omitted key steps forward, according to API President and CEO Jack Gerard.

Kuwait Petroleum International has cancelled a planned $1.4 billion investment in its 88,000 barrel per day (bpd) Rotterdam refinery and may sell it, a spokesman said, as Europe's refiners struggle with overcapacity and global competition.

Russia may be slow to react to economic issues because Putin is preoccupied with foreign policy and Medvedev, a former corporate lawyer, has become indecisive, two officials said.

Russia's Rosneft Offers Stake in an Oilfield to ONGC Videsh

Despite European Union calls for member states to curb ties with Russia over its aggression toward Ukraine, Finland looks set for closer links with Moscow in energy.

Ukraine national natural gas company Naftogaz said on Friday it has signed an agreement with Norwegian energy company Statoil ASA to deliver gas to Ukraine.

Gazprom Neft continues independent studies of shale oil deposits

Lawyers for BP have called for a retrial or a revised judgment after spotting what they believe to be a legal mistake in the court ruling last month that the company acted with gross negligence in the 2010 Deepwater Horizon disaster.

Oil production in Russia increased by almost 0.9 percent month-on-month in September to 10.61 million barrels per day (bpd) largely because of increased output at joint ventures with foreign majors, Energy Ministry data showed on Thursday.

Russia cut natural gas supplies to European Union member Slovakia by 50% Wednesday, Moscow's latest and most significant reduction in energy supplies to an EU country that is helping Ukraine build gas supplies ahead of winter.