OIL - AFRICA DAILY

Dec 18, 2017 (UPI)

Repsol CEO Josu Jon Imaz joined Algerian Prime Minister Ahmed Ouyahia and Abdelmoumen Ould Kaddour, the director-general of state energy company Sonatrach, in a...

Operating costs lower, output higher off the British coast

Dec 15, 2017 (UPI)

The British Oil & Gas Authority said in its inaugural report on operating costs on the British continental shelf, revealing that operators realized $1.4 billion...

Funding possible for Cuban and New Zealand drilling programs

Dec 15, 2017 (UPI)

For a 12.5 percent discount to the last traded price, the company said it was offering 150 million shares to a small number of private investors at 1.4 cents (A...

Europe getting duped with U.S. LNG, Kremlin says

Dec 15, 2017 (UPI)

Russian Foreign Minister Sergei Lavrov said European leaders in Brussels are taking orders from "across the pond" and sanctioning entities that harm Russian bus...

Aker BP submits plans to develop 345 million Norwegian barrels

Dec 15, 2017 (UPI)

The company submitted formal development plans to Norwegian regulators for the Aerfugl, formerly called Snadd, Skogul and Valhall fields in national waters. The...

Higher costs not discouraging holiday travel this year

Dec 15, 2017 (UPI)

The motor club lists a national average retail price of $2.45 for a gallon of regular unleaded on Friday, down about 4.5 percent from one month ago. Prices are ...

Wood Mac: Cutting costs was how U.S. shale survived

Dec 15, 2017 (UPI)

U.S. shale oil production has so far proven to be more resilient to a weaker oil price market than originally expected. In its latest monthly market report, the...

Oil prices inch up ahead of rig counts

Dec 15, 2017 (UPI)

The U.N. High Commissioner for Human Rights said Friday it had serious concerns about stability in northern Salah al-Din province, where residential areas were ...

Norway: The period for the decline in petroleum investments is over

Dec 14, 2017 (UPI)

Norway holds the largest crude oil and natural gas reserves in Europe and exports nearly all of what it produces offshore. The decline in crude oil prices last ...

Crack on Forties pipeline stabilized

Dec 14, 2017 (UPI)

The operator said Thursday its engineers and technicians are examining a hairline crack discovered on an inland section of the pipeline last week south of Aberd...

Stand-still economy, market balance timeline send oil prices lower

Dec 14, 2017 (UPI)

"On our current outlook, 2018 may not necessarily be a happy New Year for those who would like to see a tighter market," the International Energy Agency said in...

Reconstruction starts at Iraq's biggest oil refinery

Dec 14, 2017 (AFP)

The aim is to complete work early next year on one of the units that will produce 70,000 barrels per day at the Baiji complex which is currently shut, said mini...

Brazilian oil production was already above last year's average by August

Dec 14, 2017 (UPI)

In a country profile, the U.S. Energy Information Administration said Brazil through August produced an average of 3.3 million barrels per day in oil and other ...

Contracts awarded for export terminal overhaul

Dec 13, 2017 (UPI)

The company said it secured the contract from Basra Oil Co., known previously as South Oil Co., for an expansion project from a terminal about 40 miles off the ...

European gas flows back after fatal Austrian accident

Dec 13, 2017 (UPI)

Twenty-one people were injured and one person died in an explosion Tuesday morning local time at the Baumgarten gas facility in Austria. Gas Connect Austria sai...

Florida senator moves ahead of White House on offshore drilling plans

Dec 13, 2017 (UPI)

U.S. Sen. Bill Nelson, D-Fla., called on his Senate colleagues to move on a bill he tabled earlier this year that would prohibit oil and gas drilling in the U.S...

North Sea business out nearly $30M a day on Forties pipeline outage

Dec 13, 2017 (UPI)

Pipeline operator Ineos shut down the Forties crude network in the North Sea after discovering a "hairline crack" on a pipe near Aberdeen, Scotland, last week. ...

AAA wonders if premium gasoline is worth it

Dec 13, 2017 (UPI)

AAA reported a national average retail price for regular unleaded gasoline at $2.46 for Wednesday, more or less stable for the week. The average price for premi...

Oil prices hold steady on competitive data, North Sea outage

Dec 13, 2017 (UPI)

Ineos, which operates the Forties pipeline system in the North Sea, said Wednesday it was reviewing a range of options to repair cracks in a system that carries...

One dead after explosion at Austrian gas facility

Dec 12, 2017 (UPI)

The company said there was an explosion at 9:00 a.m. local time at the Baumgarten gas facility. "The explosion caused a serious fire that has been contained to ...