Bulgaria’s central role in Europe’s emerging energy picture stems from both its geography and its history. Located on the shores of the Black Sea, it was the nominal entry point for alternative natural gas pipeline projects between Russia and Europe meant to bypass Ukraine.

Russia’s plan to shift the transit of EU bound natural gas to a new gas hub at the Greek-Turkish border will allow Greece will become an important factor in supplying Europe with Russian gas, according to a representative of the SYRIZA (the Coalition of the Radical Left) Party.

Current market conditions might turn out to be positive for the industry in the long run also for another reason. Low prices are expected to bring along helpful rationalisation measures, which will have a positive impact on the bottom line.

Launch date of Turkish Stream not to differ much from South Stream schedule

Venezuela and Russia have reached an agreement to step up investment and participation of Russian companies in development of Orinoco Belt oil reserves and other projects

Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey

Kuwait’s government on Sunday announced plans to spend $155bn on projects over the next five years despite the current slump of oil prices

Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when that country's relations with the West are under strain and as energy prices hit multiyear lows.

Oil services company Baker Hughes Inc. has said that it will lay off about 7,000 workers as it prepares for a downturn.

Eni announces the production start-up from the Lucius Field in the Gulf of Mexico deepwater, 240 miles south of the Louisiana coast, United States.

Wintershall Holding GMBH says natural gas production in Germany fell by about 6% in the past year, and controversy over shale gas and hydraulic fracturing is blocking conventional gas production.

ExxonMobil Corp. says it started production from Arkutun-Dagi field in its Sakhalin-1 project in northeastern Russia. The field is expected to produce about 90,000 boe/d.

BP could be fined up to $13.7 billion for Macondo spill

By 2030 More than Half of the Existing Global Oil Production Will Disappear

The head of Italian energy company Eni Spa urged OPEC on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now.

Oil drilling in the United States will continue to fall in the first half of this year, and could even halve, according to major oil service companies looking to past slowdowns as a guide.

ЛУКОЙЛ приступил к снабжению цилиндровыми маслами нового поколения LUKOIL NAVIGO 100 MCL крупнейшего контейнеровоза в мире - MSC OSCAR, пополнившего флот компании Mediterranean Shipping Company (MSC) в этом году. Судно единовременно вмещает рекордное число контейнеров - 19 224. Оно оснащено топливосберегающими двигателями, в которых и будут эксплуатироваться современные масла ЛУКОЙЛ.

Компания Группы «Газпром» Gazprom Marketing & Trading Singapore и компания Yamal Trade подписали долгосрочный договор купли-продажи сжиженного природного газа (СПГ) с проекта «Ямал СПГ».

Iran's oil minister is expressing hope that the OPEC oil cartel will begin cutting production in order to shore up plunging oil prices.

An unparalleled technology to cut greenhouse gas emissions through carbon dioxide capture is being developed on a demonstration scale at Petrobras’ Shale Industrialization Facility (known as SIX) in Paraná, in partnership with the company’s Cenpes research center.