OIL - AFRICA DAILY

UK emissions dropped by 6 percent by switching from coal to natural gas

Mar 27, 2018 (SPX)

The collaborative study by Dr Grant Wilson from the Department of Chemical and Biological Engineering and Energy 2050 at the University of Sheffield and Dr Iain...

U.S. on pace to become a leader in LNG exports

Mar 27, 2018 (UPI)

The U.S. Energy Information Administration reported total LNG exports quadrupled in 2017 from the previous year. All of the LNG shipped from the United States c...

Mexico takes aim at its section of the Eagle Ford shale

Mar 27, 2018 (UPI)

Petróleos Mexicanos, known also as Pemex, said it signed an exploration and extraction contract with the Mexican subsidiary of Lewis Energy to invest $617 mill...

Risk, tighter markets drive oil prices higher

Mar 27, 2018 (UPI)

Col. Turku al-Maliki, spokesman for the Saudi-led coalition against Yemen, accused Iran of supporting terrorist organizations in Yemen to the detriment of inter...

Slight dip in Canadian oil exports no detriment to growth

Mar 27, 2018 (UPI)

The National Energy Board reported total crude oil exports for January, the last full month for which data are available, averaged 3.3 million barrels per day, ...

Alberta pegs growth to pipeline expansion

Mar 26, 2018 (UPI)

In an address to the provincial government on the 2018 budget, Alberta Finance Minister Joe Ceci said the economy has moved from recession to an expected growth...

PetroChina triples its net profit, hands out big dividend

Mar 26, 2018 (AFP)

Net profit last year rose to 22.8 billion yuan ($3.6 billion), compared to just 7.86 billion yuan ($1.1 billion) in 2016, the company said in a statement late T...

U.S. balances LNG for China against new tariffs

Mar 26, 2018 (UPI)

President Donald Trump on Thursday signed a presidential order that imposed new tariffs on imported Chinese products as a means to protect against what he said ...

New discovery a good start for Apache in the British North Sea

Mar 26, 2018 (UPI)

The company announced it made a "significant" discovery of oil while tapping its Garten discovery in the North Sea. Apache put the recoverable reserve estimate ...

China fuel demand boosts Sinopec profit, record dividend planned

Mar 26, 2018 (AFP)

The company's Hong Kong-listed shares climbed more than three percent on Monday following the earnings announcement, and were up 2.88 percent at HK$6.78 in late...

Israeli gas field development proceeds quickly

Mar 26, 2018 (UPI)

For undisclosed terms, the French company said it secured a contract from Greek energy company Energean for work on the Karish natural gas field in the Israeli ...

Norway's Statoil highlights green agenda

Mar 26, 2018 (UPI)

The Norwegian company published its annual sustainability report on Friday, highlighting plans to invest around 25 percent of its research funds in new energy a...

Venezuela defends currency targeted by U.S. sanctions

Mar 26, 2018 (UPI)

The U.S. Treasury Department followed through this week on an executive order signed by President Donald Trump by targeting a digital currency designed to maneu...

U.S. energy policy is containing Russia, energy secretary says

Mar 26, 2018 (UPI)

Addressing questions from Sen. Richard Blumenthal, D-Conn., on Russian actions, Perry said during testimony before the Senate Armed Services committee that he a...

More oil and gas uncovered offshore Norway

Mar 26, 2018 (UPI)

Apart from Russia, Norway is the largest oil and natural gas producer for the European market, designating nearly all of its offshore output for exports. The No...

Oil prices search for clear direction after last week's big rally

Mar 26, 2018 (UPI)

Crude oil prices rallied about 8 percent last week, largely on geopolitical risk, as U.S. President Donald Trump surrounded himself with more hawkish advisors. ...

Asian interest in Iraqi oil sector grows with Shell exit

Mar 26, 2018 (UPI)

Shell's Middle East subsidiary said it agreed to sell the entire capital in its Iraqi division to Japan's Itochu Corp. for $406 million. The deal includes Shell...

China eyes new oil benchmark with futures launch

Mar 26, 2018 (AFP)

But analysts said the long-delayed Shanghai-traded futures are unlikely to challenge the primacy of New York and London-based futures any time soon due to Chine...

Geopolitical risk drives oil prices higher

Mar 26, 2018 (UPI)

U.S. Gen. H.R. McMaster resigned Thursday as President Donald Trump's national security adviser, a position the White House said will be filled by former U.N. A...

Dutch oil trader Vitol sees long-term impact from renewables

Mar 26, 2018 (UPI)

The crude oil and petroleum product trading segment is the largest for Vitol, which said Monday its total sales -- not counting liquid gases -- declined about a...