January 2015

Shell cuts $15 billion in spending for 2015-17

Oxy cuts capital budget by a third

ConocoPhillips has shed an additional $2 billion from its capital expenditures for 2015, decreasing total spending to $11.5 billion from the previously reported $13.5 billion, in response to the continued decline in oil prices.

The US shale oil and gas renaissance has created a manufacturing rebound that could produce even more jobs and stimulate further economy growth with the right conditions, the American Shale & Manufacturing Partnership said in a recent report.

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.

The four strings will have an aggregate capacity of 63 billion cubic meters a year. 660 kilometers of the pipeline’s route will be laid within the old corridor of South Stream and 250 kilometers – within a new corridor towards the European part of Turkey.

Gazprom has put an expansion of its Nord Stream gas pipeline on hold, rowing back for the second time in two months on plans to extend its European network as relations between Russia and the West fester over Ukraine.

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