The head of OAO Rosneft (ROSN) said maintaining dividends is a “sacred obligation” for Russia’s largest oil company as sanctions limit its financial flexibility.

LNG investments could soon increase as the fuel could soon benefit from a rising demand for gas from the transport sector.

There was a time when headlines about jets bombing Middle Eastern refineries would have sent oil prices soaring.

West Texas Intermediate crude fell from the highest price in seven days as concern eased over the risk of a supply disruption in the Middle East. Brent declined in London.

Moldova faces a tough road in its bid to reduce dependence on Russian natural gas.

Encana of Canada has become the latest company working in North America’s shale reserves to make a leap to reduce its reliance on gas, and increase its oil production, by agreeing a $7.1bn deal to buy US-listed Athlon Energy.

Argentina’s YPF and Malaysia’s Petronas are negotiating a joint-venture with Mexico’s Pemex – possibly starting with shallow water fields – in a bid to become the first foreign oil companies to seize the opportunities of Mexico’s energy reform.

The chairman of a Philippine energy company said Friday a Chinese state-owned oil producer hasn't responded to a revived proposal to jointly explore a disputed area of the South China Sea but drilling will go ahead by 2016 with or without a partnership.

The Company’s representatives made a report on RN-Shelf-Arctic’s experience in implementing marine animals protection plans during geological survey in the Barents Sea.

Russia, Ukraine and the European Union moved closer to sealing the deal, with European Commissioner Günther Oettinger announcing on Friday that there is a high probability of signing a binding interim agreement by the end of next week.

Russia Says Arctic Well Drilled With Exxon Strikes Oil

Rosneft Discovered a New Hydrocarbon Field in the Kara Sea

Iran’s oil minister called on Opec nations to work together to prevent a further slide in crude prices,

U.S. oil futures gained Friday on expectations of continued high demand, while global benchmark Brent held flat

Natural gas futures advanced in New York to the highest level in two weeks as concern eased that supplies would test storage limits before demand picks up with colder weather.