The Government of Canada announced Thursday that it is investing $22.

Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades.

Exxon Mobil Corp.

In the beginning of 2015 the biggest threat to the economy as a result of the collapse in oil prices, both in the US and worldwide, was the surge in layoffs among highly-paid energy sector jobs.

Wintershall said it plans to join the new gas pipeline project led by Russia’s Gazprom that’ll deliver up to 55 billion cubic meters of gas annually to Germany via the Baltic Sea.

Deepwater Horizon is one of the worst well control incidents in oil and gas industry and this situation results in losing of life and damaging environment.

At face value, Russia’s $400 billion deal to supply natural gas to China National Petroleum Corporation, via the state-controlled energy behemoth Gazprom, sounds like a coup for Moscow.

Royal Dutch Shell Plc will wait at least five years to boost capacity at a Russian liquefied natural gas plant supplying Asia amid the company’s outlook for a “prolonged downtown” in the oil market.

AWE Limited, a 35% joint venture partner in the BassGas project, has informed that the Yolla-6 development well, in the Bass Strait offshore Australia, has been tied-in to export facilities on the Yolla platform and production from that well has started.

The world’s three biggest shipbuilders posted a combined 4.