NEW DELHI, Jan 9 (Reuters) - India wants state-run utility GAIL (India) Ltd to focus on laying gas pipelines, the oil minister said on Tuesday after reports about government plans to spin off its marketing operations.

Jan 9 (Reuters) - SandRidge Energy Inc's biggest shareholder, Carl Icahn, called on Tuesday for the replacement of two directors and the removal of a poison pill barring individual shareholders from accumulating more than 10 percent of the U.S.

Oil prices edged higher on Tuesday, with US crude touching its highest since December 2014.

NEW YORK, Jan 9 (Reuters) - Oil prices edged higher on Tuesday, with U.S.

Europe will resume its role as a global gas sink from 2018-2020, absorbing surplus volumes of global LNG as supply growth outstrips demand.

That is the view of oil and gas analysts at BMI Research, who stated in a recent report that the region’s ‘large and liquidly traded’ gas hubs, strong pipeline interconnectivity, extensive regasification capacity, substantial volumes of flexible supply and price responsive demand will enable Europe to adopt this position.

SEOUL, Jan 8 (Reuters) - A tanker carrying Iranian oil that collided with a Chinese freight ship in the East China Sea over the weekend was still ablaze on Monday morning, a South Korean coast guard official told Reuters.

(Bloomberg) -- For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

Two weeks after President Donald Trump and congressional Republicans passed a sweeping rewrite of the tax code that cuts corporate rates, drillers are finding other changes that are less of a boon.

BAGHDAD, Jan 8 (Reuters) - Iraq's parliament voted on Monday to ban Kurdish engineering firm Kar Group from operating Kirkuk's oilfields, following Iraq's recapture of the Kurdish-held oil region in October.

The UK’s Oil & Gas Technology Centre (OGTC) is investing $1.8 million (GBP 1.3 million) in four well plugging and abandonment (P&A) projects, which are expected to help drive an industry commitment to reduce decommissioning costs by a minimum of 35 percent.