Russian output 'in long, slow decline'
29 October 2008 11:00 GMT
Russian output sliding
04 August 2008 07:37 GMT
By News wires
02 January 2009 09:18 GMT
Russian oil production fell by around 1% last year, official data showed, the country's first annual decline in a decade after large increases in previous years and a sign of things to come.
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Privately held US player Samson Energy plans to sell off its deep-water oil and gas business, a portfolio that includes stakes in a number of high-profile Gulf of Mexico discoveries and prospects.
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