OIL - AFRICA DAILY

Nov 14, 2017 (AFP)

Venezuela is buried under a $150 billion foreign debt mountain, including $28 billion owed to its biggest creditor China and another $8 billion to Russia. Venez...

Moody's: Noble Group could be broke in a year

Nov 14, 2017 (UPI)

Noble last week reported a loss for the third quarter of $1.17 billion. Moody's said Tuesday that had no impact on its credit rating, which was already deep in ...

Emirati oil production could increase by 1 million bpd

Nov 14, 2017 (UPI)

Abu Dhabi National Oil Co. announced with its operating partners, the regional subsidiary of Exxon Mobil and Japan's INPEX Corp., plans to increase the design c...

Oil prices drift lower on future production expectations

Nov 14, 2017 (UPI)

The World Energy Outlook from the International Energy Agency said it expected the 8 million barrel per day increase in U.S. shale oil production growth from 20...

Gas prices unseasonably high, but relief coming

Nov 14, 2017 (UPI)

Motor club AAA reports a national average retail price for regular unleaded gasoline at $2.56 per gallon early Tuesday, up just a fraction of a percent from Mon...

Iraq targets 1 million bpd output for disputed Kirkuk oilfields

Nov 13, 2017 (AFP)

"The priority is to resume oil exports from Kirkuk through the Iraqi-Turkish pipeline once it has been rehabilitated or replaced by a new one," he said on a vis...

Traces of major palm oil spill still linger in Hong Kong

Nov 13, 2017 (AFP)

One thousand tonnes of the solidified oil leaked from a cargo ship which collided with another vessel near the Pearl River estuary in early August. More than 20...

US slams Venezuela at UN meeting boycotted by Russia, China

Nov 13, 2017 (AFP)

Haley said the informal Security Council meeting was to draw international attention to the political and economic crisis in Venezuela, which is teetering on th...

Fitch Ratings: Oil, gas tanker market to see modest gains

Nov 12, 2017 (UPI)

Fitch Ratings said Monday new deliveries of oil tankers, and the dismantling of older ones, meant the tanker market, just like the broader oil market, will be o...

Norwegian oil production halted on safety violation

Nov 12, 2017 (UPI)

Authorities with the Petroleum Safety Authority in Norway carried out an audit of Eni operations at the Goliat floating production storage and offloading unit i...

As Iran-Saudi 'Cold War' heats up, what next?

Nov 12, 2017 (AFP)

Experts believe the risk of a direct military clash is low, but why have tensions escalated now and how will the crisis evolve? AFP looks at five questions on t...

U.S. committed to Paris deal even if Trump isn't, parties say

Nov 12, 2017 (UPI)

"The American government may have pulled out of the Paris agreement, but the American people are committed to its goals," the former mayor said at a climate con...

Shell's divestment streak continues, shedding Woodside shares

Nov 12, 2017 (UPI)

Shell said early Monday it sold off 64 percent of its shares in Woodside Petroleum, leaving its Australian subsidiary with a 4.8 percent interest in the liquefi...

Some Gulf of Mexico operations shut in after fire

Nov 12, 2017 (UPI)

Hess is working alongside the Dutch supermajor, which said last week that two people were injured during a fire on board the Enchilada platform on the Garden Ba...

Troops withdraw from ex-army chief's house in S.Sudan

Nov 12, 2017 (AFP)

In a press statement on Sunday entitled "Misunderstanding Resolved", army spokesman Lul Ruai Koang said a peaceful resolution had been found to a dispute over t...

Oil price response to OPEC report on demand muted

Nov 12, 2017 (UPI)

The Organization of Petroleum Exporting Countries said Monday it expected demand for its oil will accelerate next year on the back of stronger global economic m...

Russian oil company eying Gulf of Mexico opportunities

Nov 12, 2017 (UPI)

Vagit Alekperov, the chief executive officer at Lukoil, said he was meeting with authorities at Petroleos Mexicanos, known also as Pemex, to discuss a potential...

IS has cost Iraq 'more than $100 bln', says PM Abadi

Nov 11, 2017 (AFP)

He was speaking during a visit to Karbala, a city holy to Shiite Muslims, where millions of pilgrims gathered Friday to mark the annual Arbaeen commemoration. "...

An effective solution for collecting spilled petroleum

Nov 10, 2017 (SPX)

During their research, the chemists have synthesized new ionic and nonionic surfactants. To do that, they first obtained nonionic surfactants - mono- and diisop...

Saudi-led strikes hit defence ministry in Yemen capital: witnesses

Nov 10, 2017 (AFP)

Warplanes continued to circle in the skies above Sanaa after the strikes, the witnesses added. The Huthi rebel media outlet Al-Masirah also reported the two air...