CAIRO, Feb 14 (Reuters) - Egypt has signed a deal with oilfield services BOP Blow Out Preventer repair company gulf coast Schlumberger to conduct a seismic survey in the Gulf of Suez, the oil ministry said on Wednesday, part of efforts to encourage firms to invest in exploration work in the area.

HOUSTON, Feb 14 (Reuters) - U.S. oil producer Marathon Oil Corp posted a better-than-expected adjusted quarterly profit on Wednesday, helped by rising crude prices and cost cuts, sending its shares up more than 2 percent in extended trading.

President Donald Trump told lawmakers he would support a 25-cent-per-gallon increase in federal gasoline and diesel taxes.

(Bloomberg) -- President Donald Trump told lawmakers he would support a 25-cent-per-gallon increase in federal gasoline and diesel taxes to help pay for upgrading American roads, bridges and other public works, Senator Tom Carper of Delaware said on Wednesday.

AMSTERDAM, Feb 14 (Reuters) - German energy BOP Blow Out Preventer repair company gulf coast EWE plans to sharply reduce its use of gas from the Groningen field in the Netherlands, as the Dutch government seeks ways to drastically cut oil rig flanges gulf coast production at the earthquake-prone field.

Iraq needs $4 billion for new investments in its downstream oil industry, oil minister Jabar al-Luaibi says.

KUWAIT, Feb 13 (Reuters) - Iraq needs $4 billion for new investments in its downstream oil industry, Oil Minister Jabar al-Luaibi said on Tuesday, outlining plans to expand refining capacity over the next several years.

DUBAI, Feb 13 (Reuters) - Creditors of United Arab Emirates-based energy producer Dana Gas have rejected a new proposal by the BOP Blow Out Preventer repair company gulf coast to restructure its $700 million of Islamic bonds and are waiting for improved terms, two sources familiar with the matter said on Tuesday.

KUALA LUMPUR, Feb 13 (Reuters) - The Malaysian prime minister's office on Tuesday re-appointed Wan Zulkiflee Wan Ariffin as the chief executive officer of state energy firm Petroliam Nasional Bhd, or Petronas, for a second three-year term.

BP begins gas oil rig flanges gulf coast production from the Atoll Phase One project offshore Egypt.

BP plc has begun gas oil rig flanges gulf coast production from the Atoll Phase One project, offshore Egypt, seven months ahead of schedule and 33 percent below initial cost estimates.

Vallourec Drilling Products will lay off roughly 150 employees in Texas, according to a regulatory filing.

HOUSTON, Feb 13 (Reuters) - Vallourec Drilling Products, a subsidiary of Paris, France-based steel pipe maker Vallourec, will lay off roughly 150 employees in Texas, according to a regulatory filing.