A Canadian aboriginal community rejected a nearly $1 billion fee from a gas company for building a gas terminal near its territory over environmental concerns, US media reported.

Russia is actively developing non-dollar financing and ties with China in the face of U.

There is a widespread assumption that weak commodity prices are likely to spark a wave of merger and acquisition activity as stronger companies seek to buy assets on the cheap.

Falkland Oil and Gas Limited (FOGL) has informed that the final results for the 14/20-1 “Isobel Deep” well, offshore the Falkland Islands, are expected in early June.

Albania’s National Agency for Natural Resources, (AKBN) has issued the invitation for interested hydrocarbon companies to apply for exploration of free offshore blocks in Albania’s territorial seas.

The Norwegian Petroleum Directorate (NPD) has reported that preliminary production figures for April 2015 show an average daily production of about 1 963 000 barrels of oil, NGL and condensate.

DNV GL has unveiled a new FLNG concept called Solitude, for which the company promises it could boost safety and reduce costs, as it would be unmanned.

DNV GL, a Norwegian technical advisor to the oil and gas industry, has been awarded an offshore pipelay surveillance contract by Statoil.

DEA Deutsche Erdoel AG has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its Joint Venture partner and operator BP in order to, as the company said, better balance its portfolio.

Anadarko Petroleum, an independent, U.