Plunging sales to Europe and falling energy prices are not only sapping the revenue of Russia's top natural gas producer Gazprom but also depriving the country's budget of much-needed funds.

Russia might direct a new pipe to Bulgaria functioning as a ramification of its planned gas pipeline to Turkey

BHI: US rig count continues 11-week dive, loses 98 more units

There was no clear answer to the question of where LNG for Europe might come from in a session devoted to the topic at the European Gas Conference in Vienna, Austria, but that didn't mean that panel participants were unable to provide a wealth of information and insights to the discussion.

Europe is luring twice as many liquefied natural gas (LNG) tankers as last year and more are expected in what is now the premium-priced market after a year-long demand slump in Asia.

Italy's Eni raised its dividend on Wednesday despite a slump in fourth-quarter profits and like its rivals pledged to cut investment this year in the face of lower oil prices.

The Interior Department on Friday proposed the first-ever federal regulations for oil and natural-gas drilling in the Arctic Ocean requiring companies to prepare extensive contingency plans that could swiftly respond to and contain an oil spill in the region’s frigid, isolated waters.

Natural gas prices are surging in their biggest move in a week as severely cold weather boosts demand and pushes prices to a three-week high.

Trade unionists have warned they are ready to ballot on industrial action after companies including US-based groups Apache and Marathon , Talisman Sinopec and Canadian Natural Resources requested the move to a more demanding shift pattern.

EOG Resources, the largest US shale oil producer, expects its rapid production growth of recent years to come to a halt in 2015, in the starkest sign yet of how weak crude prices are hitting the industry. The company told analysts on a call on Thursday that it was “intentionally choosing returns over growth”.

Low oil prices to hurt Canadian banks more than U.S. counterparts

Judge rejects BP attempt to lessen fines for Gulf oil spill

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.

The Managing Director of Bank Mellat, Iran’s biggest private bank, has announced that the institution will invest $7 billion in the development of South Pars gas field, Iran’s largest resource holding some 30 percent of the country’s total proved gas reserves.

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.

The Scandinavian country is one of the wealthiest nations in the world, thanks to 40 years of North Sea oil production. The global financial crisis barely registered amid decades of almost nonstop growth.

«Для поддержания текущего уровня добычи мы должны будем бурить не 20 млн погонных метров, как сейчас, а 30 млн. Это приведет к увеличению ввода с 6 до 9 тыс. скважин ежегодно. Такие объемы потребуют увеличения количества буровых бригад примерно на 60%. А с учетом того, что западные подрядчики сворачивают работу на территории России, такие действия весьма сомнительны»

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

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