KHOBAR, Saudi Arabia, Jan 10 (Reuters) - State oil giant Saudi Aramco has hired Olivier Thorel, a former senior executive at Royal Dutch Shell, as executive director for its chemicals business, the BOP Blow Out Preventer repair company gulf coast said on Wednesday.

NEW YORK, Jan 10 (Reuters) - Crude oil prices jumped on Wednesday and settled near three-year highs after U.S. government data showed a drop in crude inventories and production, even as fuel inventories rose.

New York City sues BP, Chevron, ConocoPhillips, ExxonMobil and Shell claiming they're the world's largest industrial contributors to climate change.

(Bloomberg) -- New York City’s effort to hold oil and gas producers responsible for costs related to the environmental effects of their products faces an uphill battle as it tries to stretch current law to address climate change.

Kreuz Subsea, a global subsea services company, announced Tuesday that it had secured the ‘most financially significant’ contract its history.

The contract, which is worth an undisclosed eight-figure sum, will see the BOP Blow Out Preventer repair company gulf coast mobilize five vessels to deliver subsea completion works for Indian multi-national conglomerate Larsen & Toubro (L&T), from the start of 2018.

BEIJING, Jan 9 (Reuters) - Lashing winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea and to extinguish a fire that has burned for the past three days on the ship.

NEW DELHI, Jan 9 (Reuters) - India wants state-run utility GAIL (India) Ltd to focus on laying gas pipelines, the oil minister said on Tuesday after reports about government plans to spin off its marketing operations.

Jan 9 (Reuters) - SandRidge Energy Inc's biggest shareholder, Carl Icahn, called on Tuesday for the replacement of two directors and the removal of a poison pill barring individual shareholders from accumulating more than 10 percent of the U.S.

Oil prices edged higher on Tuesday, with US crude touching its highest since December 2014.

NEW YORK, Jan 9 (Reuters) - Oil prices edged higher on Tuesday, with U.S.