BHP to drill first deepwater well off Trinidad in 2016, energy minister says

GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions to help fuel the future.

Negotiations with Russia about natural gas prices and new gas pipeline route through Turkey's Thrace region look promising, Turkish energy minister says.

There is a process of an ever-increasing politicization which is sometimes also called a securitization.

Russia's Gazprom plans to supply the first gas via a new route to Turkey in December 2016, Chief Executive Alexei Miller said in a statement on Tuesday.

Saudi Arabia won’t balance global crude markets on its own even as prices fall “too low for everybody” and threaten the investment needed to meet long-term demand, the head of Saudi Arabian Oil Co. said.

Energy Transfer Partners LP (ETP) and Regency Energy Partners have agreed to merge in a unit-for-unit transaction, plus a one-time cash payment to Regency unit holders, valued at $18 billion, including the assumption of net debt and other liabilities of $6.8 billion.

The world’s biggest energy companies are preparing to cut tens of billions of dollars from capital spending as they set out plans this week to respond to the drastic slide in oil prices.

The US drilling rig count fell 43 units to settle at 1,633 rigs working during the week ended Jan. 23, Baker Hughes Inc. reported.

An unparalleled technology to cut greenhouse gas emissions through carbon dioxide capture is being developed on a demonstration scale at Petrobras’ Shale Industrialization Facility (known as SIX) in Paraná, in partnership with the company’s Cenpes research center.

Russia’s second-largest oil producer Lukoil aims at stabilizing its oil output this year, the company’s CEO Vagit Alekperov said on the sidelines of the World Economic Forum in Davos, Switzerland. “Lukoil aims at stabilizing output throughout Russia in 2015,” Alekperov said.

The head of Italian energy company Eni Spa urged OPEC on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now.

Oil services company Baker Hughes Inc. has said that it will lay off about 7,000 workers as it prepares for a downturn.

ExxonMobil Corp. says it started production from Arkutun-Dagi field in its Sakhalin-1 project in northeastern Russia. The field is expected to produce about 90,000 boe/d.

By 2030 More than Half of the Existing Global Oil Production Will Disappear