Last year was an ugly one for the U.S. energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover.

SHALE GAS IN EUROPE: WE DON'T KNOW WHAT'S DOWN THERE

The US shale boom is connecting markets and changing the way oil and gas is bought and sold, according to BP’s trading unit.

BG Group has been loading the first cargo of LNG from its Queensland Curtis LNG (QCLNG) facility since Dec. 28, the company said in a statement.

GAZPROM PURCHASES PARTNER INTERESTS IN SOUTH STREAM OFFSHORE ENTITY

MERRY CHRISTMAS ! HAPPY NEW YEAR !

Total SA and its partners will use a record 16 ice-breaking tankers to smash through floes en route to and from the Arctic’s biggest liquefied natural-gas development.

Ali al-Naimi, the oil minister of Saudi Arabia, was in no mood to address reporters at Opec’s November meeting, refusing to offer more than a few words after the cartel decided to hold output at 30m barrels a day.

Turkey is on its way to becoming the main hub for energy in Europe due to the recent introduction of the Turk Stream in place of South Stream. The elevation of the country's role became feasible after a series of major infrastructure projects that will certainly make Turkey the corridor for the supply of gas into the EU for the coming decades.

OPEC will need to “step in” amid further declines in oil prices, which are fair at about $70 to $80 a barrel, according to the group’s second-biggest producer.

China wants relations with Vietnam to proceed along a "correct path", a visiting senior Chinese leader said, vowing to improve mutual trust, amid tension between the neighbours over competing claims in the South China Sea.

State-run Vietnam National Petroleum Corp. (Petrolimex) and JX Nippon Oil & Energy Corp., a subsidiary of JX Holdings Inc., have signed a memorandum of understanding (MOU) to jointly develop a 10 million-tonnes/year refining and petrochemical complex to be located in Van Phong Economic Zone in Khanh Hoa Province, Vietnam.

The Gazprom Board of Directors took notice of the information about the Company’s preliminary operating results for 2014, projected Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2016–2017.

Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft.

Rosneft announces it repaid part of a loan obtained to finance the acquisition of TNK-BP. On December, 22 The Company paid to lenders around USD 7 bln.