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Venezuela says cooperation best way to achieve oil stabilisation

VIENNA, June 2 (Reuters) - Venezuela's oil minister Asdrubal Chavez said on Tuesday that the best way towards achieving stabilisation in the oil market is through agreement and active cooperation among all exporters.

Britain's BP mulling possible new projects in Russia - RIA

MOSCOW, June 2 (Reuters) - British oil major BP is considering possible new projects in Russia, including with Russian state-owned oil company Rosneft, RIA news agency quoted BP CEO Bob Dudley as saying on Tuesday.

India's May Iran oil imports hit highest since March 2014

* May imports from Iran rise nearly 40 pct on-mth to 367,900 bpd

Premier Oil strikes deal to take full control of Shetlands project

LONDON, June 2 (Reuters) - Oil producer Premier Oil has struck a deal to take full ownership of its Solan oil project west of Shetlands in the North Sea, taking over a 40 percent stake from project partner Chrysaor.

Gazprom says China started its part of Power of Siberia construction

MOSCOW, June 2 (Reuters) - China has started pipeline construction last week to receive Russian gas from the Power of Siberia pipeline, Russian state gas company Gazprom said on Tuesday.

UPDATE 1-Amec Foster Wheeler sees further decline in 2015 trading margins

June 2 (Reuters) - Energy and mining services company Amec Foster Wheeler Plc said its trading margins for 2015 are expected to erode further, as customers push for price cuts in the wake of lower crude oil prices.

UPDATE 1-Iran seeks to take back its share of OPEC production

DUBAI, June 2 (Reuters) - Iran will try to persuade OPEC countries to reverse production increases they implemented to fill a gap left by sanctions on Iran, the country's OPEC delegate Mehdi Asali was quoted as saying, ahead of a potential nuclear deal that could see sanctions lifted.

Amec Foster Wheeler sees further decline in 2015 trading margins

June 2 (Reuters) - Energy and mining services firm Amec Foster Wheeler Plc said its trading margins for 2015 are expected to erode further, as customers push for cuts in prices in the wake of lower crude oil prices.

Colombia court further restricts use of main coal railway - report

BOGOTA, June 2 (Reuters) - Colombia's Constitutional Court has extended a restriction on the overnight use of the country's main coal railway, Fenoco, and has partially suspended construction work on an adjacent track for three months, media reported late on Monday.

BP to pay some exploration costs for UAE's Dana Gas in Egypt

DUBAI, June 2 (Reuters) - The United Arab Emirates' Dana Gas has signed an agreement for BP to pay for part of its exploration costs in the El Matriya onshore concession area in Egypt, the UAE firm said on Tuesday.

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