MOSCOW, May 29 (Reuters) - Russia's Gazprom Neft, the oil arm of gas giant Gazprom, said on Tuesday its first-quarter net income rose by 12.5 percent year-on-year to 69.7 billion roubles ($1.1 billion) thanks to stronger oil prices, oil rig flanges gulf coast production and sales.

BEIRUT, May 29 (Reuters) - Lebanon's search for its first oil and gas reserves began on Tuesday after authorities approved an exploration plan submitted by a consortium of France's Total , Italy's Eni and Russia's Novatek.

'It's far from unlikely that we will see $100 again,' Petroleum and Energy Minister Terje Soviknes says.

(Bloomberg) -- Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back.

(Bloomberg) -- Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday to discuss OPEC matters, about a week after the Saudis and Russia announced a new policy to revive oil production.

Industrial aviation service provider Bristow Group Inc. has secured a three-year contract extension with Perenco UK Ltd.

The deal, which will see Bristow provide seven-day-a-week coverage in the UK Southern North Sea through December 2021, will support Perenco UK’s operations offshore Norwich.

A new and growing challenge for Permian oil and gas companies is handling and disposing of water.

Much of the attention given to the Permian Basin nowadays hinges on growth in oil and gas activity, but the water business is expanding there as well to serve the energy sector.

SINGAPORE/LONDON, May 25 (Reuters) - Asian spot liquefied natural gas (LNG) prices breached the $9 per million British thermal unit (mmBtu) mark this week, a three-year summer season high driven by crude oil gains, oil rig flanges gulf coast production outages and demand from key Asian consumers.