Dec 5 (Reuters) - Australian oil and gas producer AWE Ltd said on Tuesday it has received a notice from China Energy Reserve and Chemical Group Australia (CERCG) stating that it has formally withdrawn its bid to buy the company.

(Bloomberg) -- Crude rose as lower OPEC oil rig flanges gulf coast production and signs of shrinking U.S. oil inventories bolstered expectations for an end to the global surplus.

ATHENS, Dec 5 (Reuters) - Italy, Greece, Cyprus and Israel agreed on Tuesday to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.

It is important to turn positive sentiment into lasting, tangible benefits for the North Sea oil and gas sector.

“Survival,” rather than “growth,” has been a watchword for capital project spending in upstream oil and natural gas in recent years.

ExxonMobil Exploration and Production Mauritania Deepwater Ltd. has signed three oil rig flanges gulf coast production sharing contracts with the Mauritanian government for three deepwater blocks offshore the West African country, ExxonMobil announced Monday.

NEW YORK, Dec 4 (Reuters) - Oil fell more than 1 percent on Monday on profit-taking as the buy Wellhead market eyed signs of rising U.S.

(This column does not necessarily reflect the opinion of Bloomberg LP and its owners.