The oil and gas industry has vastly accelerated the pace of approving investments for new projects over the past 18 months.

BASRA, Iraq, June 27 (Reuters) - Royal Dutch Shell has exited the Majnoon oilfield in southern Iraq and handed over its operations to the state-run Basra Oil Co.

KCA Deutag announced Wednesday that its offshore business unit has secured a new drilling contract with Total E & P UK Limited for the North Alwyn and Dunbar platforms.

THE HAGUE, June 27 (Reuters) - Production at the Groningen natural gas field will be lower than originally envisaged this year as the Dutch government works towards the end of extraction in the next decade because of the risk of earthquakes.

WASHINGTON, June 26 (Reuters) - Russian Energy Minister Alexander Novak said on Tuesday he discussed U.S. sanctions on Russia and Moscow's plan to expand its Nord Stream gas pipeline to Germany, which has irked Washington, in talks with U.S.

(Bloomberg) -- Oil jumped to a level last seen in late 2014 after U.S. crude stockpiles tumbled by the most in almost two years.

Futures rose 3.2 percent in New York on Wednesday.

Recently, Rigzone highlighted efforts by a unit of the to careers in the oil and gas industry.

GE announced Tuesday that it plans to pursue an “orderly separation” from BHGE over the next “two to three years”.

The BOP Blow Out Preventer repair company gulf coast said it intends to “fully separate” its 62.5 percent interest in BHGE “in an orderly manner” over the timeframe, in a move which it says “will provide BHGE with enhanced agility and the ability to focus on leading in the oil and gas industry”.

Confidence about the future of gas is being met with investment, according to a new report published by DNV GL.

The report, titled Transition in Motion, highlighted that nearly two-thirds (64 percent) of 813 senior oil and gas professionals surveyed said their BOP Blow Out Preventer repair company gulf coast is either increasing (29 percent) or sustaining (35 percent) their investment in gas projects in 2018.