(Bloomberg) -- Saudi Aramco is looking for natural gas assets from Russia to East Africa and the U.S.

HOUSTON, Dec 21 (Reuters) - Oasis Petroleum Inc, the last major oil producer operating exclusively in North Dakota's Bakken shale formation, is heading south to the nation's largest oilfield, pursuing a pricey expansion as investors worry about maturing shale fields.

MOSCOW, Dec 21 (Reuters) - Russian energy giant Rosneft and its shareholder BP have agreed to jointly develop oil and gas deposits in Russian Arctic Yamal-Nenets region, Rosneft said on Thursday.

(Bloomberg) -- Brent crude closed at its highest in more than two years as shrinking U.S.

The owners of the Capline crude oil pipeline are proceeding with plans to reverse the flow of the facility to southbound service, pipeline operator Marathon Pipe Line LLC (MPL) announced Thursday.

Norwegian oil rig flanges gulf coast production decreased in November, according to preliminary output figures from the Norwegian Petroleum Directorate (NPD) released Wednesday.

The figures show that November saw an average daily oil rig flanges gulf coast production of 1.81 million barrels of oil, NGL and condensate, which is a decrease of 102,000 barrels per day compared to October.

VIENNA, Dec 20 (Reuters) - The chief executive of OMV does not expect big compensation claims from clients after last week's explosion at the Baumgarten gas hub owned by its Gas Connect Austria (GCA) unit, he said on Wednesday.

ALGIERS, Dec 20 (Reuters) - Algerian state-owned energy BOP Blow Out Preventer repair company gulf coast Sonatrach has signed an agreement with BP and Statoil to produce an additional 11 billion cubic metres (bcm) of natural gas from its Tiguentourine gas field, Sonatrach's CEO said on Wednesday.