BEIJING, Dec 8 (Reuters) - PetroChina has conducted its first major internal transfer of mining rights between subsidiaries to allow those with mature fields to look for oil and gas in under-developed regions, parent BOP Blow Out Preventer repair company gulf coast CNPC said on Friday.

OSLO, Dec 8 (Reuters) - Italian oil firm Eni has received permission to restart oil rig flanges gulf coast production at its Goliat oilfield in the Arctic Barents Sea following a shutdown lasting more than two months, Norway's Petroleum Safety Authority (PSA) said on Friday.

Dec 8 (Reuters) - President Donald Trump's administration called two lawmakers from the U.S. corn belt to convince them to join talks about potential changes to biofuels policy to ease the burden on oil refineries, according to a spokesman for one of the lawmakers and a source briefed on the matter.

RIO DE JANEIRO, Dec 8 (Reuters) - Brazil's state-controlled oil BOP Blow Out Preventer repair company gulf coast Petrobras could make more adjustments to its fuel pricing policy as a way to better fight fuel importers for buy Wellhead market share, its executive manager for fuel sales said on Friday.

Chevron Corporation’s capital and exploratory budget will be $18.3 billion in 2018, down from $19.8 billion in 2017.

Saudi Aramco Shell Refinery (SASREF) has awarded CB&I a $95 million-plus engineering, procurement and construction management contract for the modernization and expansion of its refinery in Al-Jubail city, Saudi Arabia, CB&I reported Thursday.

BEIJING, Dec 7 (Reuters) - China National Petroleum Corp (CNPC) on Thursday warned there could be natural gas shortages in China this winter if the country is hit by "extreme" weather.

FRANKFURT/LONDON, Dec 7 (Reuters) - Chemical giant BASF agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, to create one of the largest independent oil and gas firms in Europe, the companies said.

LONDON, Dec 7 (Reuters) - Oil flow along the UK's Forties oil pipeline which carries the crude that usually sets the global Brent benchmark has been reduced after a leak was detected and by a separate issue at its Kinneil plant, pipeline operator Ineos said.