The cost of Kashagan, already the world’s most expensive oil project, is set to rise by nearly $4bn as the companies developing it are forced to replace 200km of leaking pipelines.

A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp about $1.6 billion to compensate for oil nationalization in 2007, though state oil company PDVSA expects to eventually pay closer to $1 billion.

Sanctions against the Russian Federation, more specifically in its energy section, seem to have been gradually nullified due to a counteraction by Moscow, which as of late made significant progress on several long-standing issues that have long-term effects on the global natural gas sector.

Газовый рынок развивался во всех регионах мира в течение последнего времени чрезвычайно динамично, изменения происходили очень-очень быстро, стратегии, которыми руководствовались компании на рынках, очень быстро устаревали.

Gazprom and Argentina address potential of joint gas projects

«Газпром» готов самостоятельно заполнить газопровод «Сила Сибири».

«Роснефть» предложила индийской ONGC долю в Юрубчено-Тохомском месторождении в размере до 49%,

Canada scored a victory Tuesday when the European Union ditched plans to label oil derived from oil sands as dirtier than other forms of crude, removing a major potential obstacle to exporting the controversial fuel to Europe.

LUKOIL BRINGS MAJOR WEST SIBERIAN FIELD INTO OPERATION

Oil prices that have plunged to a 27-month low are inflicting damage on a Russian economy already contending with escalating sanctions from the U.S. and European Union over its role in Ukraine.

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»