Canada’s oil and gas companies have eliminated at least 40,000 jobs this year, the industry’s lobby group estimates, while companies have curtailed spending. Canadian Natural Resources Ltd., the nation’s largest heavy oil producer, will rely on cash flow to cover its capital spending next year after eliminating C$3.2 billion ($2.4 billion) from its 2015 budget. Blackpearl Resources Inc., a small operator, will spend only C$15 million next year, a fraction of the C$235 million the company spent in 2014.

Output from the Organization of Petroleum Exporting Countries rose by 230,100 barrels a day in November to 31.695 million a day, the highest since April 2012, as surging Iraqi volumes more than offset a slight pullback in Saudi Arabia. The organization is pumping about 900,000 barrels a day more than it anticipates will be needed next year.

«Сегодня на арктическом шельфе РФ добыча нефти ведется только на Приразломном месторождении в Печорском море. Накопленная добыча нефти на Приразломном месторождении на ноябрь 2015 г. составила 922,5 тыс. т», – сообщил Кирилл Молодцов.

9 декабря в Ухте стартовал автопробег на природном газе "Сила добра" по маршруту Ухта — Санкт-Петербург.

Non-OPEC crude oil and other liquids production grows by 1.2 million barrels per day (b/d) in 2015, and then declines by 0.4 million b/d in 2016, which would be the first annual decline in non-OPEC production since 2008.

LNG to northeast Asia, home to the world’s biggest consumers, plunged 27% this year, outpacing Brent’s 23% slump as of Wednesday. While analyst estimates show that crude will recover in 2016, prices for the super-chilled fuel will probably extend declines by as much as 23%.

Australia’s $170-billion liquefied natural gas (LNG) construction boom is winding down, and the hunt for new work is picking up.

Petroleo Brasileiro SA, as Petrobras is formally known, is targeting $15.1 billion in disposals by the end of next year but has struggled to sell assets in less attractive prospects off Brazil and in the Gulf of Mexico.

Chevron, the second-largest energy company in the U.S. by revenue, and other major oil companies have been cutting costs and capital spending plans in response to an extended downturn in prices for crude.

EIA forecasts that Brent crude oil prices will average $53/b in 2015 and $56/b in 2016. Forecast West Texas Intermediate (WTI) crude oil prices average $4/b lower than the Brent price in 2015 and $5/b lower in 2016.

Gazprom’s activities in the Caspian Sea region and its negotiations with China show that Russia is increasingly looking for opportunities to strengthen its position in other regional energy markets, even though this is connected with high political and economic costs.

Differing views about who should bear the brunt of oil production cuts to lift prices forced Opec to default to its existing policy to keep on pumping last week. This has laid bare the gaping divide between Saudi Arabia and its arch rival Iran.

Nord Stream 2 project will be commissioned in the fourth quarter of 2019, in line with previous declarations that forecasted the new pipeline to be commissioned in 2019.

Many poorer OPEC members have said the group's largest producer was effectively twisting their arms, prompting the Saudi oil minister, Ali al Naimi, to say he would listen to everyone this time.

Although the collapse in oil prices has hit the budgets of Opec’s members hard, the group’s ability to act collectively has rarely looked weaker. Brent crude touched a six-year low of $41.30 a barrel on Monday.