Petroleo Brasileiro SA (PBR) headed for the longest losing streak in a year as plunging oil prices and currency weakness overshadowed a decision to give the state-run producer some relief from inflation-fighting policies.

North Atlantic Drilling Ltd. (NADL), the rig company controlled by billionaire John Fredriksen, will extend a deadline to complete deals with Russia’s OAO Rosneft (ROSN) that include $4.25 billion in contracts amid concern over trade sanctions, a person familiar with discussions said.

OPEC Head Tells Oil Market to Stop Panicking About Prices

Transocean Ltd. (RIG), owner of the biggest fleet of deep-water drilling rigs, is feeling the effect of an industrywide glut in the expensive vessels just as crude-oil prices tumble.

With less than three weeks to go before OPEC meets in Vienna and the selloff in oil showing few signs of letting up, speculation is mounting the group will take action to try to stem the decline.

West Texas Intermediate and Brent oils increased after U.S. employment gains exceeded 200,000 for a ninth month and the jobless rate dropped to a six-year low, bolstering the fuel demand outlook.

The first phase of the Sabine Pass project will cost more than $12 billion and seemed unlikely after Cheniere bet the wrong way on the U.S. natural gas market

A growing list of delayed or cancelled projects, seen by some investors as a healthy move by majors to rein in capital spend after a poor history of returns is working its way through corporate earnings; it has already pummelled the share price of some European suppliers seen as financially fragile.

Libyan state security guards have started a protest at the 120,000 barrel per day Hariga oil port in the east, halting all oil exports from the terminal, a Libyan oil official said on Saturday.

Egypt received $10.6 billion in aid from Gulf states in the last fiscal year

A liquefied natural gas export plant proposed for Canada’s Pacific coast and backed by Royal Dutch Shell PLC could cost up to 40 billion Canadian dollars ($35.3 billion), according to a regulatory filing with the British Columbia government.

Pakistan plans to sign deals worth billions of dollars with China for development of infrastructure and energy projects during Prime Minister Nawaz Sharif ’s visit to Beijing this weekend, Pakistani officials said.

"Газпром", "Роснефть" и "Лукойл" рассматривают возможность листинга своих ценных бумаг на бирже Гонконга в азиатских валютах.

Asian governments must reform their natural gas markets if the region is to see an expansion in liquefied natural gas (LNG) supply to meet its rapidly growing demand

Africa oil industry refocuses priorities as price falls and setbacks bedevil groups

Saudi Arabia’s oil minister broke months of silence on Wednesday to speak publicly about the Gulf nation’s stance on the oil market and dismiss claims that it had triggered a “price war”.

Investment in US shale oilfields will fall by a tenth next year – and result in a decline in production – if the oil price continues to trade around $80 a barrel, the world’s energy watchdog has warned.

OPEC Says Output Fell Sharply Amid Saudi Arabia Reduction

Oil tumbles to four-year low below $79, awaits OPEC

Russia gas flows still frozen; Ukraine banks on mild weather to hold out