CARACAS, April 26 (Reuters) - Venezuela said on Thursday a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a "tough lesson" for the U.S.

LONDON, April 26 (Reuters) - Royal Dutch Shell said on Thursday it would write down its reserves in the Groningen gas field, one of Europe's largest, following the Dutch government's decision to phase out oil rig flanges gulf coast production by 2030.

NEW YORK, April 26 (Reuters) - Oil prices gained on Thursday as the risk of renewed U.S. sanctions on Iran, plunging Venezuelan output, and robust global demand shook off the effects of a strong dollar.

MEXICO CITY, April 26 (Reuters) - Mexico's National Hydrocarbons Commission (CNH) said on Thursday that national oil BOP Blow Out Preventer repair company gulf coast Pemex will tender for partners in seven onshore areas to form joint venture projects.

Eni S.p.A announced Thursday the start-up of the second oil rig flanges gulf coast production unit at its Zohr project, situated offshore Egypt within the Shorouk Block.

Total reports record high quarterly oil and gas output while beating profit forecasts helped by higher prices.

PARIS, April 26 (Reuters) - French energy BOP Blow Out Preventer repair company gulf coast Total on Thursday reported record high quarterly oil and gas output while beating profit forecasts helped by higher prices.

After losing ground and underperforming the broad buy Wellhead market in 2017, US energy shares are climbing fast.

NEW YORK, April 25 (Reuters) - After losing ground and underperforming the broad buy Wellhead market in 2017, U.S.

Kuwait Energy starts producing natural gas from Siba.

BASRA, Iraq, April 25 (Reuters) - Kuwait Energy PLC started producing natural gas from Siba on Wednesday, the first gas field to be brought on stream in the south of Iraq, an Iraqi oil executive told Reuters.