OIL - AFRICA DAILY

Apr 12, 2018 (UPI)

Electric cabling company American Transmission Co. said in early April that two of its submarine cables that send power between both Michigan peninsulas were ap...

Fewer employees needed to produce oil in Texas

Apr 12, 2018 (UPI)

The Texas Alliance of Energy Producers estimated about 215,000 people were on the payrolls of oil and gas firms in the state, about 27.5 percent below the estim...

Rig work considered for Cuban oil prospect

Apr 11, 2018 (UPI)

Melbana Energy, an Australian exploration and production, is one of the few foreign companies with a footprint in the Cuban oil sector. Melbana's Alameda-1 pros...

Kurdish oil player turns its first profit

Apr 11, 2018 (UPI)

The company, which has headquarters in London, was the target of an unsolicited takeover from rival Iraqi player DNO, a Norwegian oil company. In 2015, it had m...

Oil prices rise on risk of U.S. military action in Syria

Apr 11, 2018 (UPI)

U.S. President Donald Trump took to Twitter early Wednesday to warn Russia that a missile strike on Syrian targets was under consideration. "Russia vows to shoo...

Saudi crown prince arrives in Madrid on last stop of global tour

Apr 11, 2018 (AFP)

Spain's defence minister, Maria Dolores Cospedal greeted Prince Mohammed bin Salman, who serves as defence minister and also controls economic policy for the wo...

Total builds Gulf of Mexico portfolio

Apr 11, 2018 (UPI)

After a string of financial losses, Cobalt International Energy filed for Chapter 11 bankruptcy in U.S. courts in December. An auction for its assets was held M...

BP commits to new work in the North Sea

Apr 11, 2018 (UPI)

BP said it committed to developing the Alligin and Vorlich prospects, both of which are close to existing floating production infrastructure. At their peak, the...

Saudi Aramco signs agreement to build a refinery in India

Apr 11, 2018 (UPI)

"Investing in India is a key part of Saudi Aramco's global downstream strategy, and another milestone in our growing relationship with India," President and CEO...

Saudi prince, Macron hail warming ties, but differences lurk

Apr 10, 2018 (AFP)

Prince Mohammed bin Salman also joined Macron in taking a tough line over the weekend's alleged chemical attack in Syria, as the de facto Saudi leader wrapped u...

OPEC chatter, easing trade tensions lift oil prices higher

Apr 10, 2018 (UPI)

Without naming specifics, Bloomberg News reported Tuesday that Saudi Arabia is gunning for $80 for the price of oil to build value for the initial public offeri...

Weapons system sale to Qatar approved ahead of Al-Thani visit

Apr 10, 2018 (UPI)

The Defense Security Cooperation Agency has approved the sale of Advanced Precision Kill Weapon Systems II Guidance Sections, along with rockets, warheads, supp...

U.S. oil exports could be hurt by Chinese trade war

Apr 10, 2018 (UPI)

The Chinese government last week introduced a list of U.S. products worth $50 billion in imports that could be the subject of stiff tariffs, a tit-for-tat respo...

New oil field in Norway will be producing by 2021

Apr 10, 2018 (UPI)

Faroe Petroleum, which focuses on Norwegian and British exploration and production, said the Norwegian Energy Ministry has approved development and operational ...

U.S. gas prices are close to last year's all-time high

Apr 10, 2018 (UPI)

Motor club AAA reported a national average retail price of $2.66 for a gallon of regular unleaded gasoline, a slight decline from Monday and just a fraction of ...

Total, Saudi Aramco shake hands on $9B deal

Apr 10, 2018 (UPI)

Saudi Crown Prince Mohammed bin Salman is leading a delegation, including Saudi Oil Minister Khalid al-Falih, through Europe to drum up business in the kingdom....

An oil-eating bacterium that can help clean up pollution and spills

Apr 10, 2018 (SPX)

Professor Satinder Kaur Brar and her team at INRS have conducted laboratory tests that show the effectiveness of enzymes produced by the bacterium in degrading ...

OPEC-member Iran boasts of nuclear capacity

Apr 09, 2018 (UPI)

"Our nuclear industry is moving faster than before with more energy, accuracy, and more accurate calculation," Iranian President Hassan Rouhani was quoted by Me...

Trudeau tells Canada province to 'stop obstructing' pipeline

Apr 09, 2018 (AFP)

At the same time, the premier of neighboring oil-rich but landlocked Alberta, Rachel Notley, warned that the standoff with British Columbia risked triggering a ...

Risk a clear driver for the price of oil

Apr 09, 2018 (UPI)

Crude oil prices have followed the equities market in recent days on concerns of a trade war erupting between the United States and China, the world's leading e...