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German utility company E.ON to focus on renewables

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E.ON said in a statement late Sunday that the new strategy will see it quit conventional power generation, global energy trading, exploration and production.
Russian Energy Minister Alexander Novak. (Andrey Rudakov/Bloomberg)

Russian oil-output cuts to support OPEC seen as unlikely

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Brent crude oil futures rose as much as 0.8 percent to $80.30 a barrel in London trading Tuesday.
(AP Photo/Bela Szandelszky, File)

Russia considers joining OPEC oil output cuts in 2015

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The world’s biggest crude oil producer may agree to reduce output by 15 million tons in return for tens of millions in OPEC reductions.
Russian Foreign Minister Sergey Lavrov, right, welcomes Saudi Foreign Minister Prince Saud al-Faisal during their meeting in Moscow, Russia, Friday, Nov. 21, 2014. (AP Photo/Ivan Sekretarev)

Russian FM rejects intervention in oil production

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Sergei Lavrov said both Russia and Saudi Arabia did not want oil production targets to be affected by “political or geopolitical designs.”
Jim Ratcliffe, left, the founder of Ineos (ED Jones/AFP/Getty Images)

Ineos to invest $1B in UK shale gas exploration

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The company is applying for more licenses to expand its operations in Scotland and in northern England.
Vladimir Putin, Russia's president. (Andrey Rudakov/Bloomberg)

Putin says Russia preparing for “catastrophic” oil slump

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Russia is struggling under the weight of a plummeting ruble and sanctions imposed over the conflict in Ukraine.
OAO Rosneft Chief Executive Officer Igor Sechin (Meridith Kohut/Bloomberg)

Former Russian finance minister tells Rosneft to keep hands off $44B from rainy day fund

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For Rosneft, the timing of the economic sanctions against Russia couldn’t have been worse: the company has to repay almost $30 billion in loans by the end of the next year, debt racked up in the 2013 purchase of competitor TNK-BP.
Bicyclists are forced to use the sidewalk as they pass a stretch of bicycle path where a solar panel roadway is being constructed in Krommenie, north of Amsterdam, Netherlands, Tuesday, Nov. 11, 2014. (AP Photo/Peter Dejong)

Dutch to test solar panels on bicycle path

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The path is built of massive, Lego-like modules of solar panels embedded in concrete.
Russia's President Vladimir Putin, and China's President Xi Jinping, right, smile during signing ceremony in Shanghai, China on Wednesday, May 21, 2014. China signed a long-awaited, 30-year deal Wednesday to buy Russian natural gas worth some $400 billion in a financial and diplomatic boost to diplomatically isolated President Vladimir Putin.  (Alexei Druzhinin/AP)

Russia, China add to $400 billion gas deal with accord

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Russian oil firm OAO Gazprom is negotiating the supply of as much as 30 billion cubic meters of gas annually from developments in West Siberia to China over 30 years.
(Kristian Helgesen/Bloomberg)

Statoil projects big returns from massive North Sea oil field

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The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day.