The business activity index continues to rise in the 4Q, according to oil and gas executives who responded to the Federal Reserve Bank of Dallas (Dallas Fed) latest quarterly energy survey, released Dec.

LONDON, Dec 28 (Reuters) - Britain's biggest and most important oil and gas pipeline Forties should resume normal flows around the new year, slightly earlier than previously flagged, its operator Ineos said on Thursday.

WASHINGTON, Dec 28 (Reuters) - The U.S. Interior Department on Thursday proposed eliminating some safety regulations for offshore oil and gas drilling that the Obama administration put in place after BP's massive Gulf of Mexico oil spill, a move it said would reduce "unnecessary burdens" on industry.

(Bloomberg) -- Oil was little changed in New York as traders shrugged off declining U.S. stockpiles and kept eyes on two key pipelines set to resume normal operations soon.

CARACAS, Dec 28 (Reuters) - Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday.

(Bloomberg) -- Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects.

The Oil & Gas Technology Center’s (OGTC) latest endeavor is ‘very likely’ to create new oil industry jobs in Aberdeen, North East Scotland and other regions across the UK over the next decade, an Aberdeenshire Council representative has suggested.

CALGARY, Alberta, Dec 27 (Reuters) - Oil prices dipped on Wednesday after hitting a near two-and-a-half year high in the previous session as a rally fuelled by supply outages in Libya and the North Sea ran out of momentum.