The standoff between Russia and the West over Ukraine has increased Europe's quest for alternative suppliers of oil and gas and Canada's exports to Europe have already started to pick up in the last few months.

Russian oil and gas production hasn't been affected by Western sanctions

Norway’s Statoil AS A said on Monday that the giant Johan Sverdrup oil field in the North Sea could generate revenue of 1.35 trillion Norwegian kroner ($199.21 billion) over the next five decades.

The standoff between Russia and the West over Ukraine has increased Europe's quest for alternative suppliers of oil and gas and Canada's exports to Europe have already started to pick up in the last few months.

Brent crude capped a sixth weekly loss, the longest losing streak since 2002, as OPEC boosted production to a 14-month high amid a global surplus.

Oil prices are likely to be mired near their lowest levels in more than four years in 2015 and investments will take a backseat, underlining a gloomy outlook for the industry.

A Bad Gas Deal For Ukraine As Europe Looks After Its Own Interests

The U.S. shale revolution has driven oil output to the highest in more than three decades, reducing America’s need for overseas purchases and sinking global prices into a bear market.

Spain’s national government has moved once again to boost domestic oil and gas exploration

The 2013 Natural Gas Annual shows record natural gas production and consumption levels in the United States. In 2013, domestic dry production of 24.3 trillion cubic feet (Tcf), or 66.7 billion cubic feet per day, (Bcf/d) rose just over 1 percent over 2012, with Ohio increasing the most, percentage-wise, of any state.

Russia is set to remain a central player of the European gas industry, as an eventual deal between Kiev and Moscow is not a precondition of strong ties between the European Union and the Kremlin. This is was a view emerging from the first day of the European Autumn Gas Conference.

French oil major Total SA is well placed to weather the recent oil-price volatility, with new production scheduled to come on stream over the next two years set to bolster the company, its new Chief Executive Patrick Pouyanné told a London industry conference Thursday.

When energy analysts and the media discuss the price of crude oil, they are typically referring to one of a small group of specific types of crude oil that are widely and actively bought and sold. The use of such benchmark crudes makes it easier for buyers and sellers to price the variety of crudes that are produced around the world.

Mexico is poised to redraft part of next year’s federal budget after a steep fall in oil prices upended the country’s revenue assumptions.

The European Union's executive body is close to signing off on two disbursement of loans promised to Ukraine that would give Kiev about EUR760 million ($965 million) in additional funding by the end of the year, two senior officials said Tuesday.