The head of OAO Rosneft (ROSN) said maintaining dividends is a “sacred obligation” for Russia’s largest oil company as sanctions limit its financial flexibility.

At The Riga Conference 2014, the annual high-level meeting in its 9th year of local, EU and global security policy-makers and experts, energy security issues were featured prominently during debates.

По итогам полугодия «Газпром нефть» сохранила лидерство в отрасли по темпам прироста добычи и увеличению объемов переработки нефти, а также по таким показателям эффективности, как возврат на вложенный капитал и удельный операционный денежный поток на баррель нефтяного эквивалента.

Moldova faces a tough road in its bid to reduce dependence on Russian natural gas.

Encana of Canada has become the latest company working in North America’s shale reserves to make a leap to reduce its reliance on gas, and increase its oil production, by agreeing a $7.1bn deal to buy US-listed Athlon Energy.

Argentina’s YPF and Malaysia’s Petronas are negotiating a joint-venture with Mexico’s Pemex – possibly starting with shallow water fields – in a bid to become the first foreign oil companies to seize the opportunities of Mexico’s energy reform.

The chairman of a Philippine energy company said Friday a Chinese state-owned oil producer hasn't responded to a revived proposal to jointly explore a disputed area of the South China Sea but drilling will go ahead by 2016 with or without a partnership.

The Company’s representatives made a report on RN-Shelf-Arctic’s experience in implementing marine animals protection plans during geological survey in the Barents Sea.

Russia, Ukraine and the European Union moved closer to sealing the deal, with European Commissioner Günther Oettinger announcing on Friday that there is a high probability of signing a binding interim agreement by the end of next week.

Russia Says Arctic Well Drilled With Exxon Strikes Oil

Rosneft Discovered a New Hydrocarbon Field in the Kara Sea

Mexico is “like a sweet shop in the oil business”, according to one executive, and international energy companies are eyeing the goodies it offers as they wait for technical and fiscal details to work out how much they can splurge.

After Exxon Mobil Corp. mounted a campaign to warn U.S. officials that prematurely halting work with Russian oil giant Rosneft on an exploratory oil well could foul the Arctic, the Obama administration last week gave the company a two-week reprieve from sanctions on Russia.

Petronas, Malaysia’s state-owned oil and gas group, is threatening to pull the plug on a $10bn liquefied natural gas project in Canada, saying new taxes and rising competition from a slew of US shale gas projects threaten its viability.

China, not Russia, could shape Asia’s energy future,