Oil field activity outside North America will drive a 7 percent increase in 2013 global energy exploration and production (E&P) spending to a record high of $ 644 billion, according to Barclays data reported by Arab News.
Russia's energy ministry is considering a request from Novatek to grant an exception to Gazprom's monopoly on LNG exports, Russian newswires quoted the energy minister saying it. The request is under consideration, but there's no final decision.
A new report touting American energy self-sufficiency is sounding the alarm for increasing Asian access for Alberta bitumen.
Russian President Vladimir Putin gave his blessing on Monday to a plan to invest tens of billions of dollars to tap a new natural gas field in Siberia and build a new pipeline to the nation's Pacific coast for exports to Asia.