Oil major Shell has suspended development of hard-to-recover oil in Russia's Bazhenov formation with Gazprom Neft, Interfax cited Gazprom Neft's head as saying on Friday, after the West imposed sanctions on Russia over Ukraine.
"We continue work ... by ourselves," Alexander Dyukov said, according to Interfax.
(Reporting by Vladimir Soldatkin; Editing by Alexander Winning)
Devon Energy, an oil and gas company, reported a third-quarter profit that was above expectations due to strong production.
The U.S. mining company Freeport-McMoRan's local director said that the extended delay in Chile in enacting the reforms aimed…
Orsted CEO assures Sweden that the offshore wind industry has solutions that would address defense concerns. At issue: Sweden's…
Oil futures and option trading reached record levels during October as investors sought to hedge against the growing uncertainty…
After two sessions of declines, the price of Malaysian palm oils futures increased by more than 2%, boosted by expectations…
The New Democratic Party of Premier David Eby, who is currently in office, will form the next government for British Columbia.
Technical buying and the weaker ringgit helped limit its losses. At the close, the benchmark contract for palm oil delivery…
The United Nations stated on Monday that national pledges to reduce greenhouse gas emissions are still far below what is…
Three trade sources, who have seen the tender document on Monday, said that Indonesia's Pertamina had sought to buy about…
The Globe and Mail reported that Canada Growth Fund, the federal funding agency of Canada, has proposed to fund a multi-billion…
Baker Hughes, a closely watched energy services company, said that the U.S. firms maintained the same number of oil and gas rigs this week.
Francesco Gattei, the Chief Transition & Finance Officer of Italian energy giant Eni, said that it expects to receive net…
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