Exxon Mobil Corp will exit some joint ventures with Russia's Rosneft, citing Western sanctions first imposed in 2014.

HOUSTON/MOSCOW, March 1 (Reuters) - Exxon Mobil Corp will exit some joint ventures with Russia's Rosneft, citing Western sanctions first imposed in 2014, while the Russian BOP Blow Out Preventer repair company gulf coast said the pullout will result in serious losses for its U.S.

East Africa-focused oil and gas company, Wentworth Resources Limited, announced Thursday that gross oil rig flanges gulf coast production volumes from Tanzania’s Mnazi Bay gas field hit their highest ever monthly levels in February.

(Bloomberg) -- Oil closed lower amid a selloff in equity markets and growing concern about increasing U.S. crude production.

Futures dipped 1.1 percent to the lowest level in two weeks in New York on Thursday.

LIMA, March 1 (Reuters) - Peru plans to declare the country's sole oil pipeline a "strategic asset" so the military can protect it from a string of vandalism attacks, the pipeline's operator, state-owned Petroperu and a Cabinet spokesman told Reuters.

BEIJING, Feb 28 (Reuters) - At least 10 of China's domestic liquefied natural gas (LNG) plants have resumed output in the past week after the government cut off their supply, providing the first signs that the country's gas supply crunch is starting to ease, BOP Blow Out Preventer repair company gulf coast sources said.

ATHENS, Feb 28 (Reuters) - Greece's parliament gave the go-ahead on Wednesday for companies including France's Total and Italy's Edison to explore for oil and gas in the west of the country.