CAIRO, Aug 3 (Reuters) - Production of natural gas from two deepwater wells at Shell's West Nile Delta field 9B in Egypt will begin in the first half of October, the country's petroleum minister said on Friday.

OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.

(Bloomberg) -- OPEC’s crude output increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met.

Aug 2 (Reuters) - Canadian Natural Resources Ltd reported quarterly oil rig flanges gulf coast production that fell short of its own estimates, making it the latest victim of transportation bottlenecks in Alberta and muddying its better-than-expected quarterly profit.

DNV GL will support Shell and ExxonMobil's redevelopment of the Penguins field.

Royal Dutch Shell plc has awarded DNV GL a cross-service contract to support its redevelopment of the Penguins field on the U.K.

'The news event was storage at Cushing,' Bob Yawger, director of the Futures Division with Mizhuo Americas, told Rigzone.

The WTI posted a 2-percent gain Thursday amid a report that inventories are down at the Cushing, Okla.

HOUSTON, Aug 2 (Reuters) - Magellan Midstream Partners LP on Thursday reported quarterly profit that topped analyst expectations, driven by higher demand for its crude oil and refined products pipelines.

The UK's Oil & Gas Technology Centre has launched TechX Ventures.

The UK’s Oil & Gas Technology Centre (OGTC) announced that it has launched TechX Ventures; a partnership with Deep Science Ventures (DSV) that “combines deep science with engineering to create start-up companies with technologies that position the oil and gas industry for a sustainable future in a low carbon economy”.