OIL - AFRICA DAILY

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...

Alberta takes bold step on petrochemicals

Mar 13, 2018 (UPI)

"Adding more value to our raw products at home means more jobs for Albertans and getting top dollar for our resources," Provincial Energy Minister Margaret McCu...

Crude oil slips on OECD trade concerns

Mar 13, 2018 (UPI)

Crude oil prices slipped in Monday trading as expected gains in U.S. oil production overshadowed a slight drop in North American exploration and production acti...

Steady as she goes for U.S. gas prices

Mar 13, 2018 (UPI)

Motor club AAA reports a national average retail price of $2.52 for a gallon of regular unleaded gasoline, relatively unchanged from last week and 5 cents per g...

Germany's RWE says mission accomplished

Mar 13, 2018 (UPI)

"In 2017, our goal was to strategically reposition RWE and consolidate its finances," CEO Rolf Martin Schmitz said in a statement. "We were successful in both o...

Nord Stream a critical component for OMV

Mar 13, 2018 (UPI)

The European market is fed primarily by Russian and Norwegian supplies, respectively. Russian energy company Gazprom plans to double the twin Nord Stream networ...

Offshore Senegal focus of Woodside developmental study

Mar 13, 2018 (UPI)

Services company Wood, an offshoot of Amec Foster Wheeler and Wood Group, said it was awarded contracts to provide studies on the SNE field off the coast of Sen...

Cairn Energy lifted by North Sea production

Mar 13, 2018 (UPI)

Nearly a month after production began, the first cargo of about 500,000 barrels of oil was delivered in late January from the Catcher area in the North Sea. The...

Report identifies options for lowering risk of failure of undersea bolts on offshore oil rigs

Mar 12, 2018 (SPX)

Although the oil and gas industry has made important advances in improving the reliability of bolts, there are multiple opportunities for the industry and the U...

Mattis in Oman to meet with Sultan Qaboos

Mar 11, 2018 (AFP)

Mattis's visit, his first as Pentagon chief, comes amid regional strains over the Yemen conflict and a diplomatic rift between Qatar and a bloc of countries led...

Major contracts rolled out for offshore Azerbaijan

Mar 11, 2018 (UPI)

Subsea 7 said Monday it secured a contract from BP for the provision of inspection, repair and maintenance serves at the Azer-Chirag-Gunashli oil field and the ...

Woodside takes control of Australian offshore gas field

Mar 11, 2018 (UPI)

Rival energy company BHP Billiton cleared the way Monday for the acquisition after waiving its right to pre-emption on the deal. As a result, Woodside increases...

Eni deal a testament to Abu Dhabi's attraction

Mar 11, 2018 (UPI)

Eni signed agreements to acquire minority shares in the Lower Zakum, Umm Shaif and Nasr offshore fields from state-run ADNOC for a total fee of $875 million. "T...

Oil prices move lower after Friday's rig-powered surge

Mar 11, 2018 (UPI)

Oil prices shot up more than 3 percent in Friday trading after oil and gas services company Baker Hughes reported a dip in rig activity in North America. Rig co...

Statoil using mega-rig to tap frontier North Sea area

Mar 11, 2018 (UPI)

The Norwegian Petroleum Directorate gave Statoil consent to move the Deepsea Atlantic drilling rig to a section of the North Sea to tap into a prospect awarded ...

Nine members of Venezuela's army jailed on treason charges

Mar 10, 2018 (AFP)

If found guilty the accused soldiers "face up to 30 years prison," defense attorney for the suspects Alonso Medina told AFP. All nine -- six lieutenant colonels...

Oil, stock prices move up after good jobs report

Mar 09, 2018 (UPI)

Brent oil futures was trading at 64.55 per barrel, up 94 cents, at 9:55 a.m. EST. The April crude oil futures were at 61.02 and were trading up by 87 cents. Aft...

Oil prices decline, stock market rises as trade war fears subside

Mar 08, 2018 (UPI)

Brent oil futures opened at 64.54 and were trading down 57 cents at 11 a.m. EST. The April crude oil futures started the session at 61.33 and were trading down ...

Dirty diesel's NO2 killed 6,000 Germans in 2014: official report

Mar 08, 2018 (AFP)

"A significant cause of harmful nitrogen oxides in the air clearly arose from diesel cars -- even outside the busiest roads," said Maria Krautzberger, who led t...

Trump offshore oil plan threatens millions of jobs: report

Mar 07, 2018 (AFP)

The report could buttress the arguments of local governments which oppose the proposed new drilling, fearful of losses to tourism, fishing and the potential for...