Russian energy minister Alexander Novak discussed bilateral energy cooperation with the US ambassador to Russia, John Sullivan, on Thursday, according to an energy ministry statement.

The EU has agreed to sanctions against two officials from Turkey’s state petroleum company.

ConocoPhillips (NYSE: COP) reported fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share, compared with fourth-quarter 2018 earnings of $1.9 billion, or $1.61 per share.

NOV VARCO revenues for the full year 2019 were $8.48 billion, operating loss was $6.28 billion, and net loss was $6.10 billion, or $15.96 per share. Adjusted EBITDA for the full year was $885 million, or 10.4 percent of sales.

Gas demand across Europe has been unseasonably weak in January due to warm weather, with the month also seeing a re-routing of Russian gas exports to Europe with the start-up of the TurkStream gas pipeline to Turkey replacing some flows via Ukraine.

When replacing hard coal, natural gas achieves an immediate 50 percent reduction of CO2 emissions.

In 2018, while production was increasing, the total number of wells producing crude oil and natural gas in the United States fell to 982,000, down from a peak of 1,035,000 wells in 2014.

China imported 14.91 million mt of propane in 2019, up 10.8% or 1.45 million mt from 2018

In accordance with Bahrain’s national energy plan, renewable energy will be an area of particular interest in order to consider potential business opportunities. In the LNG sector, the collaboration will target a more sustainable and efficient energy mix to meet Bahrain’s future energy needs. Eni’s unique know-how and expertise will also be leveraged to evaluate further exploration opportunities.

The question is whether the terms are attractive enough when nations are competing increasingly aggressively for investment from international oil companies (IOCs) and the potential demand destruction from the energy transition looms over the coming decades. The attractiveness of South Africa’s terms will have ramifications far beyond its borders.

BP profit was $19 million for the fourth quarter and $4.0 billion for the full year.

In the fourth quarter of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,388 thousand boe per day

Минэнерго России ведет планомерную работу с профильными ведомствами стран ЕАЭС по линии энергетики, добавил Александр Новак по итогам заседания.

«Мы имеем прочные экономические связи и многолетние договоренности в части поставок и транзита угля, газа, нефти и нефтепродуктов, а также передачи электроэнергии. Электроэнергетические системы наших стран работают в синхронном режиме, что существенно повышает их надежность и экономические показатели ”, - сказал глава Минэнерго России.

“Совместно с коллегами из Армении ведем работу по формированию общих рынков газа, нефти, нефтепродуктов и электроэнергии ЕАЭС. Россия осуществляет стабильные поставки в Республику ряда энергоресурсов, в том числе и газа на уровне порядка 2 млрд кубометров ежегодно”, - подчеркнул Александр Новак.