Russia's Yamal LNG project may tap wealth fund in 2014

OIL PRICES WTI, BRENT,1990 - 2014

Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine,

Brazil's state-run oil company Petroleo Brasileiro SA discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find, the company said in a securities filing on Wednesday.

Some analysts and investors worry that oil companies will not spend enough either to sustain growth in their core businesses, or to open options in alternative energy sources for a world in which oil and gas consumption is constrained by climate policy or high prices.

BP ’s attempts to reclaim what it describes as excessive compensation payments for the 2010 Deepwater Horizon disaster have been rejected by a US court, in a further setback to the company’s hopes of limiting the cost of the accident.

Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas

North Sea Brent crude oil prices have remained under the symbolic $100/barrel level since September 5, falling to $94.13/barrel this afternoon, the lowest level in more than two years. Prices have declined almost $21 (18%) from the 2014 daily peak of $115/barrel on June 19

Moscow auctioned off its first successful debt sale in more than two months on Sept. 24 after cancelling a string of bond auctions because of the sour investment climate that continues to surround Russia.

Gazprom Tries to Capitalise on Western Sanctions, Strengthen LNG Leadership

US LNG to Help, Not to Solve European Problems with Russia

The United Arab Emirates is in no hurry to see OPEC cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicated on Tuesday.

China, not Russia, could shape Asia’s energy future,

Russia says sanctions won't hurt rise in China oil exports

Petronas, Malaysia’s state-owned oil and gas group, is threatening to pull the plug on a $10bn liquefied natural gas project in Canada, saying new taxes and rising competition from a slew of US shale gas projects threaten its viability.

Crude-oil futures moved in a narrow price range in Asian hours Friday with market participants suggesting that the weak oil prices appear to have largely stabilized.

Greenland is moving deliberately, but resolutely, in preparing to develop its oil and gas and other mineral resources, its premier said at the Brookings Institution.

Минэкономразвития РФ прогнозирует снижение цен на газ в Европе по долгосрочным контрактам на 15,6% - с 349 долларов в 2014 году до 302 долларов за 1 тыс. кубометров в 2017 году

The deal between Russia and China for importing some 38 billion cubic meters/year of natural gas through a pipeline connecting the two countries represents a key development not only for the two parties involved, but also for the role it will have in shaping the global price of LNG, according to Shigeru Muraki, vice chairman of the board at Japan's Tokyo Gas.

Qatar has no plans to pitch in as an alternative supplier as Europe seeks to reduce its reliance on Russian gas according to the country's energy minister, AFP has reported.