Norway’s $970-billion sovereign wealth fund, the world’s largest, should allocate a bigger share of its investments to renewable energy to boost returns, a U.S. energy policy think-tank said

Profit attributable to the owners of PJSC Gazprom for the six months ended June 30, 2017 totalled RUB 381,346 million which is RUB 225,814 million, or 37 % less than for the same period of the prior year.

Oman’s petroleum and other liquids production averaged more than 1 million barrels per day in 2016, its highest production level ever. Oman was on track to maintain this production level in 2017, but it reduced production to approximately 970,000 barrels per day in early 2017 to meet the production cut it agreed to, along with members of the Organization of the Petroleum Exporting Countries (OPEC).

“We have been producing oil and gas in Norway for nearly 50 years and we are still not halfway done. Vast volumes of oil and gas have been discovered on the Norwegian shelf that are still waiting to be produced. We want companies with the ability and willingness to utilise new knowledge and advanced technology. This will yield profitable production for many decades in the future,” says Ingrid Sølvberg, Director of development and operations in the Norwegian Petroleum Directorate.

U.S. - The Trump administration imposed new sanctions prohibiting trading new debt and equity issued by the Venezuelan government and state oil company PDVSA.

NYMEX September gas futures climbed 6.9 cents to $2.962/MMBtu as Monday's eclipse was projected to boost natural gas demand.

«Мы видим наших турецких коллег в качестве надежных и долгосрочных партнеров. История экспорта российского газа в Турцию начинается с 1987 года. Помимо поставок газа с 1998 года компания ЛУКОЙЛ представлена в Турции сетью АЗС численностью порядка 600 единиц, также в республике работают компании «Роснефть» и «Татнефть». Россия является не только крупнейшим поставщиком газа в Турцию, но также обеспечивает примерно 19% потребностей Турции в нефти», - сообщил Александр Новак.

Rosneft Successfully Closes Strategic Deal for the Acquisition of 49% of Essar Oil Limited

The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region.

Preliminary production figures for July 2017 show an average daily production of 2 000 000 barrels of oil, NGL and condensate, which is an increase of 93 000 barrels per day compared to June.

French oil company Total agreed Monday to buy Danish conglomerate AP Moller-Maersk's oil business for $7.45 billion, in a deal that will strengthen its position in the North Sea.

API President and CEO Jack Gerard called President Trump’s executive order to streamline energy infrastructure an important step in speeding up projects, creating jobs, and improving government efficiencies in delivering energy Americans demand.

Crude oil production from the seven major U.S. onshore producing regions is forecast to increase 117,000 b/d month-over-month in September to 6.149 million b/d.

Iran, Russia and Turkey signed agreement on maintaining trilateral cooperation in developing oil and gas fields.

The U.S. will export more natural gas than it imports in 2017. The United States has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018. The United States’ status as a net exporter is expected to continue past 2018 because of growing U.S. natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of liquefied natural gas (LNG).