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Hannon Westwood, an energy intelligence group, has provided its insight into the recent deal whereby Shell will buy BG Group for $70 billion, the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.

Russia's energy ministry has been holding active consultations with the Organization of Petroleum Exporting Countries and Latin American oil producers which Deputy Prime Minister Arkady Dvorkovich described on Wednesday as "unprecedented".

PA Resources, a Sweden-based oil explorer, will continue its restructuring efforts, after its largest creditor and shareholder, Gunvor Group decided to withdraw its petition for bankruptcy in PA Resources.

Professional commodity traders watch spreads (differences between the prices for adjacent futures contracts) rather than spot prices as the best indicator of the balance between supply and demand.

The Dutch government said it would immediately implement a court order to halt production in part of Europe's largest gas field after a ruling that raised industry concerns of further output curbs because of safety fears over earthquakes.

The small British oil firm that caused a commotion in the media when it said it had found a possible world class oil resource in the southern English countryside, conceded on Wednesday that it was not in a position to properly size it up.

Nexans, a French company specializing in cable manufacturing, is reportedly downsizing its staff by 90 in Halden, Norway.

AS Norske Shell has received consent from the Petroleum Safety Authority (PSA) Norway to use the Island Constructor for activities at well 6407/09-A-555-H on the Draugen field, in the Norwegian Sea.

From 27 January to 5 February 2015, the Petroleum Safety Authority (PSA) Norway carried out an audit of Rowan Norway Ltd’s management of major accident risk and systems for barrier management on Rowan Gorilla VI (RGVI).