DUBAI, Jan 5 (Reuters) - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock BOP Blow Out Preventer repair company gulf coast as of Jan.

LONDON, Jan 5 (Reuters) - U.S. crude oil prices have risen above $60 per barrel which should accelerate shale drilling and oil rig flanges gulf coast production in the next few months, provided the price increase is sustained.

SINGAPORE, Jan 5 (Reuters) - Asia is set to receive up to 2.0 million tonnes of naphtha from the West this month, the highest amount in two years, putting pressure on light fuel margins that touched 22-month highs in November.

The second Sino-Russia oil pipeline (SR-II) will enable Russia to stake a stronger claim to the growing Chinese crude oil market, oil and gas analysts at BMI Research have stated in a new report.

West Africa focused oil and gas firm Lekoil revealed Thursday that 197 square kilometers of 3D seismic data will be acquired at the Otakikpo Marginal Field in OML 11, onshore and offshore in the south-eastern part of the Niger Delta, to update the existing 2D coverage.

The Norwegian Petroleum Directorate confirmed Thursday that Statoil Petroleum AS has come up dry in well 15/6-14 S, located in the central part of the North Sea.

NEW YORK, Jan 4 (Reuters) - Oil rose on Thursday to its highest since May 2015, on concern about supply risks due to unrest in Iran and another decline in U.S.

(Bloomberg) -- The U.K. Health and Safety Executive is investigating the causes of a crack in a key North Sea oil pipeline that disrupted oil rig flanges gulf coast production at more than 80 fields for weeks.

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA, said Wednesday that it has agreed to pay $2.95 billion to settle a U.S.

Maersk Drilling has been awarded a four year contract for the Maersk Venturer deepwater drillship by Tullow Ghana Ltd.

The contract, which was signed in December 2017, is expected to commence in February and covers development drilling on the Jubilee and TEN fields offshore Ghana.