Onshore and offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices.

Petróleo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash.

Oil production in federal Gulf of Mexico expected to continue increasing

John Browne, the former chief executive of BP, will take charge of a $10 billion oil and gas venture backed by Russian billionaire Mikhail Fridman to help it expand internationally through partnerships and acquisitions, the Financial Times reported.

The UK has blocked the sale of North Sea gasfields from Germany’s RWE to a multibillion-dollar investment fund backed by Russian billionaire Mikhail Fridman.

Россия готова рассмотреть заявки Китая на получение доли свыше 50% в стратегических нефтегазовых месторождениях РФ

Brazil's state-run oil company Petrobras' debt was downgraded to junk status on Tuesday by Moody's Investors Service. Moody’s Lowers Rating of 5 Russian Companies, Including Transneft.

“Why do you want to rock the markets? The markets are calm. Demand is growing,” al-Naimi told reporters in Jazan, Saudi Arabia.

Правительство России не намерено изменять режим налогообложения нефтяной отрасли, хотя в кабинет министров поступают предложения о предоставлении налоговых льгот отдельным нефтяным компаниям

Exxon Mobil Corp said spending will decline about 11 percent this year to around $34 billion due to plunging oil prices, according to a regulatory filing this week.

Investment by British companies slowed in the final quarter of 2014, official data showed Thursday, as the fall in oil prices drove the North Sea extraction industry to cut down spending on infrastructure.

Russia's gas supplies to the Asia-Pacific Region by 2035 can rise ninefold from 14 to 130 billion cubic meters, Russian Energy Minister Alexander Novak said at the Krasnoyarsk economic forum.

Things are not any easier for the natural gas business in Europe at the beginning of 2015, but in a session dedicated to new customers and new markets, industry representatives gathered in Vienna, Austria at the European Gas Conference offered their views on how gas might regain its position amid the numerous challenges.

Amid the military escalation in Eastern Ukraine, the geopolitical arm-wrestling between Brussels and Moscow, and its impact on natural gas matters, can only get more complicated.

New natural gas pipeline project from Russia to Turkey, the Turkish Stream, is the only option on the table at present for Russia, say experts.