Oil & gas news

Wood Mackenzie: five oil & gas companies themes to look out for in 2015.

EY’s Oil & Gas US Quarterly Outlook suggests that the oil price collapse will spur transaction activity.

Canada’s economy will suffer from the shock of tumbling oil prices this year, especially from a sharp reduction in energy investment.

Indonesia plans to offer 8 oil and gas exploration blocks in 2015.

Russia may see oil output fall by 1 million bpd at most.

CNIM awarded a contract to design and build an innovative highly energy efficient and environmentally friendly cooling system aboard new vessel.

Eni has been awarded two exploration licenses in the Barents sea and in the North Sea by the Norwegian Ministry of Petroleum and Energy.

Lundin Petroleum AB updates on forecast fourth quarter 2014 financial performance.

The boss of oil giant BP Bob Dudley has said that oil prices could remain low for up to three years.

The falling oil price has forced the world's biggest mining company, BHP Billiton, to cut its US shale oil operation by 40%.