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.

Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand.

(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.

Aberdeen, North East Scotland and other regions across the UK could see new jobs as part of the OGTC's latest offering.

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.

OSLO, Dec 27 (Reuters) - Production at Lundin Petroleum's Edvard Grieg oil and gas field off the coast of Norway is back at normal levels following a partial outage that began when the Forties pipeline was shut earlier this month, Lundin said.

Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent (boe), according to Rystad Energy.

This was the lowest figure since at least 2012, Rystad highlighted, when 30 billion boe was discovered around the globe.

LONDON, Dec 22 (Reuters) - Asian LNG spot prices jumped this week on strong demand from core importing countries including China and Japan.