OIL - AFRICA DAILY

U.S. offshore ambitions reckless, sustainable investors say

Mar 16, 2018 (UPI)

A federal five-year lease program called for 19 lease sales offshore Alaska, seven in the Pacific Region, 12 in the Gulf of Mexico and nine in the Atlantic. Ove...

Oil prices barely in the black in Friday trading

Mar 16, 2018 (UPI)

Crude oil prices one week ago shot up more than 3 percent after Baker Hughes reported a decline in North American exploration and production activity. Reported ...

US should maintain support to Saudis in Yemen: Mattis

Mar 16, 2018 (AFP)

The Senate is next week slated to vote on a measure that would curtail US involvement in Yemen's bloody civil war, where the Saudi-supported government is fight...

FERC proposal on income tax questioned by pipeline companies

Mar 16, 2018 (UPI)

The Federal Energy Regulatory Commission ruled Thursday against certain tax allowances for master limited partnerships. FERC in its ruling said some entities "m...

Shell, ENI accused of negligence over Nigeria oil spills

Mar 16, 2018 (AFP)

Rights group Amnesty International said there were "reasonable doubts" about how the spills happened, suggesting corrosion rather than oil theft were behind the...

Shell slims down with New Zealand gas field sales

Mar 16, 2018 (UPI)

In a $578 million deal, Shell sold off interest in gas-producing fields and associated infrastructure to Austrian energy company OMV. The deal included the sale...

Oil prices up on deflated consumer fuels, but demand may start dwindling

Mar 15, 2018 (UPI)

Crude oil prices struggled to find clear direction in trading Wednesday after reports of a build of crude oil inventories in the United States. The U.S. Energy ...

Libya navy seizes oil tanker suspected of smuggling

Mar 15, 2018 (AFP)

The tanker was intercepted on Wednesday evening off Libya's western coast, about eight nautical miles from the Abu Kamash oil plant, said spokesman Ayoub Kacem....

US Navy sees better Iranian behaviour in Gulf

Mar 15, 2018 (AFP)

Commander Bill Urban, spokesman for the Navy's Bahrain-based Fifth Fleet, said there had been no "unsafe or unprofessional" interactions with the Iranians at se...

Statoil wants to change its name to reflect changing times

Mar 15, 2018 (UPI)

The board of directors at Statoil proposed a name change to Equinor -- drawing in part on words like "equal" and "nor" to signify its Norwegian roots. "The worl...

Norway's DNO sets sights on Kurdish oil leadership

Mar 15, 2018 (UPI)

"We are committed this year to continue to out-drill, out-produce and out-perform all other international companies in Kurdistan combined," DNO's Executive Chai...

Link to more U.S. LNG exports established

Mar 15, 2018 (UPI)

The pipeline company said it placed its Cameron Access project into service in Louisiana. The project involved overhauls and extensions to an existing network t...

Shell pledges to do its part on energy transition

Mar 15, 2018 (UPI)

"As the global population grows and living standards rise, it will mean society meeting increasing energy demand with an ever-lower carbon footprint," CEO Ben v...

Oil development costs lower, but volume is still a question

Mar 14, 2018 (UPI)

By next year, total U.S. crude oil production could average more than 11 million barrels per day and most of that is from shale reservoirs in the Lower 48. Shal...

Tillerson ouster bullish for oil, analysts say

Mar 14, 2018 (UPI)

U.S. President Donald Trump unceremoniously dumped Tillerson using a statement Tuesday on Twitter. Tillerson, the former head of Exxon Mobil, was among the voic...

Venezuela's ex-interior minister arrested

Mar 14, 2018 (AFP)

"He was wanted... for involvement in actions against peace. He participated in conspiracies and plots in the pursuit of the evil intention of attacking the mono...

Ecuador looks for investors for newly opened oil, gas territories

Mar 14, 2018 (UPI)

Ecuador, through its state-run energy company Petroamazonas, started the process of looking for private investors to help tap five areas spread across three pro...

More needed offshore for Norway to maintain production levels, CEO says

Mar 14, 2018 (UPI)

For full-year 2018, Statistics Norway, the government's record-keeping agency, expects total investments in oil and gas extraction and pipeline transport will b...

Oil prices start Wednesday in the black, but look to falter

Mar 14, 2018 (UPI)

Crude oil prices declined in a Tuesday session that started with a brief knee-jerk reaction to U.S. President Donald Trump's decision to fire his top diplomat, ...

Zinke criticized for Wild-West mentality over oil and gas

Mar 14, 2018 (UPI)

Zinke testified before the Senate Energy and Natural Resources Committee to explain a 2019 budget request for $11.8 billion. Of that, $792 million was requested...