International Energy Agency (IEA) Executive Director Fatih Birol said last month that global upstream investment fell by 24 percent in 2015 and is set to fall by 18 percent in 2016.

The average price of LNG shipments into the country was about $6.32 per million British thermal units in April, the least since August 2005, according to Bloomberg calculations based on preliminary data from the Ministry of Finance. Prices are expected to rebound in coming months as crude values have surged, according to Junzo Tamamizu, managing partner at Clavis Energy Partners LLC.

Leviathan, one of the largest offshore discoveries of the past decade, was found in the eastern Mediterranean in 2010 and has been mostly earmarked for exports.

The KCA Deutag Way is the combination of worldwide standards, tried and tested policies and procedures, pragmatic work guidelines and core behaviours that help us live and work by our values. It governs how we behave as colleagues and as a company. It ensures we operate safely, succeed globally and our customers enjoy a world class service.

Российско-вьетнамские отношения основаны на традициях дружбы, доверия и взаимной помощи, а рост торгового оборота между Вьетнамом и Россией в первом квартале текущего года достиг 20%.

В настоящее время российские компании изучают возможности развития сотрудничества с лаосскими партнёрами в нефтегазовой и электроэнергетической сферах.

В ходе переговоров стороны обменялись мнениями по ключевым аспектам повестки дня двустороннего сотрудничества в области энергетики, уделив особое внимание текущему статусу реализации российскими компаниями крупных проектов в ТЭК Ирака. А. Аль-Файяд высоко оценил уровень двустороннего взаимодействия, отметив, что Багдад заинтересован в дальнейшем привлечении российских инвестиций в экономику Ирака.

Россия рассматривает Бруней как надёжного партнёра в Азиатско-Тихоокеанском регионе. У стран сложились прочные двусторонние контакты, которые планируется наращивать в ряде отраслей, в том числе, в области энергетики.

Повышение гибкости экспортной политики, диверсификация экспортных маршрутов и рынков сбыта, а также развитие перспективных направлений газового бизнеса являются основными направлениями укрепления конкурентоспособности «Газпрома» на долгосрочную перспективу.

The Barents Sea is characterized by low exploration maturity with a high resource potential. Operators have discovered 3.3 billion boe in the Barents Sea since exploration began, and the region has an estimated undiscovered potential of 7.6 billion boe. About 5 billion boe is expected to gas and condensate.

Saudi Arabia’s debt plans come as falling oil prices encourage other Gulf countries, including Abu Dhabi and Oman, to turn to capital markets for funding, setting a new record for borrowing by Middle Eastern governments so far in 2016. This week, Qatar said it was looking to tap dollar bond markets for the first time in five years.

Oil Search Ltd. has moved to consolidate natural-gas developments on Papua New Guinea with a US$2.2 billion deal to buy U.S.-listed midsize energy company InterOil Corp amid a growing natural gas glut.

The US officials gave a positive assessment of Ukraine's sourcing of gas from Europe and the ongoing reform at Naftogaz and Ukraine’s gas market. They also commended the implementation of the corporate governance reform, which was based on OECD principles for state-owned enterprises.

Crude oil production fell 7.8 percent from April 2015 to average 8.9 million barrels per day in April, the lowest output level in 20 months. Natural gas liquids (NGL) production, a co-product of natural gas production, rose from prior year. NGL production in April averaged 3.3 million barrels per day, 0.7 percent higher than last year. This was the highest April output level on record.

U.S. Rig Count is down 2 rigs from last week to 404, with oil rigs unchanged at 318, gas rigs down 2 to 85, and miscellaneous rigs unchanged at 1. Canadian Rig Count is up 1 rig from last week to 44, with oil rigs unchanged at 16, gas rigs up 1 to 27, and miscellaneous rigs unchanged at 1.