Foreign energy firms have wanted to return to Mexico since they were kicked out 76 years ago. Now that they have been invited back in, they are cautiously preparing their comeback.
Statoil has failed to find oil during a summer drilling campaign in the remote Norwegian Arctic, it said on Thursday dampening hopes for an oil and gas boom in these northern waters.
Oil exports from Russia continue to decline, which is due to an increase in oil refining within the country.
Russia's largest private oil producer Lukoil said on Monday it was selling its filling stations in three central European nations as part of an "optimisation" plan that has already seen it pull out of Ukraine.
FX Energy, Inc.
A Russian lawmaker wants to stop the delivery of Russian oil products to Belarus.
In a move aimed at ensuring India’s energy security, the Narendra Modi-led government plans to import huge volumes of natural gas from Russia.
The American shale gas boom has the potential to revitalize domestic manufacturing, and a new report from a University of Michigan-led panel recommends steps to make that happen in a responsible manner.
Chinese shipyards are seeking to take about $10 billion in orders for new liquefied natural gas tankers over the rest of the decade, part of a plan to restructure the country’s ailing shipbuilding sector and secure China’s energy supply chain, the New York Times reports.
Weatherford International plc (NYSE: WFT) closed the sale of the Company's land drilling and workover operations in Russia and Venezuela to Rosneft on July 31, 2014. The consideration was $500 million in cash.