Greece's biggest refiner, Hellenic Petroleum, on Thursday reported third-quarter net profit of 60 million euros ($89.26 million) after a loss in the same period last year, as the value of its oil inventories rose.

Russian oil company TNK-BP is looking at acquisitions or joint ventures as a means of growing in the oil refining sector, a senior company executive said on Wednesday.

Chevron Corp, the second-largest U.S. oil company, would only seek mergers and acquisitions that add scale and fit strategically with the rest of the company, its chief financial officer said on Tuesday.

ConocoPhillips could sell its 25 percent stake in the Rockies Express Pipeline as part of the oil giant's plan to divest $10 billion in assets, a senior executive said on Tuesday.

The International Chamber of Commerce (ICC) has ruled in favor of Hyundai companies seeking to buy a stake in an affiliated refiner, worth about 2.6 trillion won ($2.25 billion), from International Petroleum Investment Co (IPIC), a Hyundai firm said.

Spanish oil group Repsol expects to invest $12 billion in oil exploration activities in Brazil in the next 10 years, including in newly discovered "subsalt" areas, its president said on Saturday.

Suncor Energy Inc, Canada's biggest oil company, said on Friday it has earmarked C$5.5 billion ($5.23 billion) for capital expenditures next year and will restart projects the economic crisis had forced it to suspend.

NuStar Energy LP, which operates oil pipelines, storage facilities and asphalt refineries, said a public offering of its common units was priced at a 4.5 percent discount from the previous day's closing price.

California was awarded $19.5 million in a settlement against Royal Dutch Shell Plc's U.S. unit for not storing fuel properly at filling stations in the state, Attorney General Jerry Brown said on Friday.

Novatek, Russia's No.2 natural gas producer, has asked its shareholders to approve a 177.3 billion rouble ($6 billion) domestic gas supply deal with power trader Inter RAO.

CNOOC Ltd has agreed to buy a minority stake in four prospects in the Gulf of Mexico from Norway's Statoil, opening crude oil reserves in the U.S. Gulf to China for the first time.

Independent oil and natural gas company Quicksilver Resources Inc said it expects average daily production in 2010 to grow at least 20 percent over the projected 2009 level.

Denbury Resources Inc has agreed to buy Encore Acquisition Co for $3.2 billion to create one of North America's largest oil production and exploration companies.

Toromont Industries said on Monday that lower activity in key sectors, including natural gas and construction, had a negative impact on its quarterly profit and revenue, and the company expects more of the same for the current period.

U.S. oilfield equipment and services company National Oilwell Varco Inc reported a better-than-expected profit on Monday but gave a cautious outlook and its shares fell nearly 5 percent.

Chevron Corp said on Monday it had a molten sulfur leak from a pipeline while a barge was being loaded with it at the marine terminal of its 330,000-barrel-per-day Pascagoula, Mississippi, refinery.

British oil and gas services company Petrofac Plc said it was confident it would deliver full year earnings growth of at least 20 percent after continued contract wins and healthy bidding activity.

South Korea's Korea National Oil Corp (KNOC) agreed to buy Canada's Harvest Energy Trust for C$1.8 billion ($1.7 billion), the Canadian company said on Wednesday.

Noble Corp reported 11 percent quarterly profit growth as its deepwater rig fleet remained in demand despite a broader slowdown in drilling, which the company expected to turn around next year.