OIL - AFRICA DAILY

Nov 09, 2017 (UPI)

OMV reported an operating net profit in the third quarter of $933 million, up 52 percent from the same period last year. The company said gains were supported b...

House committee passes bill to unlock more U.S. offshore areas to drillers

Nov 09, 2017 (UPI)

Texas Democrats joined their Republican counterparts on the House Committee on Natural Resources in passing the so-called SECURE American Energy Act, H.R. 4239,...

China examines LNG potential in Alaska

Nov 09, 2017 (UPI)

Alaska's state government and the Alaska Gasline Development Corp. signed an agreement with Chinese lenders and China Petrochemical Corp., or Sinopec, to advanc...

Shale-rich Oklahoma fails to pass budget measure

Nov 09, 2017 (UPI)

Gov. Mary Fallin said late Wednesday she was "extremely disappointed" that House leaders couldn't clear the three-fourths passage necessary to advance a budget ...

Risk premium resurfaces for oil, but economic trends offer balance

Nov 09, 2017 (UPI)

The Saudi Center for International Communication said more than 200 individuals have been called in for questioning so far by the nation's attorney general. Arr...

DNO says Kurdish oil operations continuing without interruption

Nov 09, 2017 (UPI)

The company said its operating profit soared in the third quarter and revenues improved year-on-year. Third quarter revenue of $73 million was down 11 percent f...

Cuba gets new oil drilling director

Nov 09, 2017 (UPI)

Melbana Energy Ltd. is one of the few Western energy companies with a Cuban portfolio, and the only one listed on the Australian stock exchange. The company sai...

More shale oil production expected, Continental Resources says

Nov 08, 2017 (UPI)

Full production during the third quarter for Continental was impacted negatively by Hurricane Harvey, which impacted output from the shale reservoirs in Oklahom...

Europe tightens rules on natural gas pipelines

Nov 08, 2017 (UPI)

European natural gas production is on the decline, leaving the broader energy market vulnerable to export markets. Russia is the largest gas exporter to Europe ...

Waning risk premium, more U.S. production pushes oil prices lower

Nov 08, 2017 (UPI)

Crude oil prices spiked as much as 3 percent early this week after the government in Riyadh rounded up a handful of ministers as part of a sweeping crackdown ta...

Conoco pegs spending plan to $50 per barrel oil

Nov 08, 2017 (UPI)

The company said it was on pace to cut its debt load through a disciplined approach that managed its portfolio of 15 billion barrels of oil equivalent with a su...

Kurdish government postpones London oil and gas show

Nov 08, 2017 (UPI)

The Kurdish Ministry of Natural Resources said that "due to the current logistical and other circumstances" in the region, it could no longer support the CWC Ku...

First coast-to-coast land motion map of Scotland derived from satellite radar images

Nov 08, 2017 (SPX)

The map covers a two-year period from 2015 to 2017 and was created using Intermittent Small Baseline (ISBAS) analysis, a novel satellite remote sensing techniqu...

U.S. LNG faces headwinds in Asian markets

Nov 08, 2017 (UPI)

U.S. President Donald Trump left the 12-nation Trans-Pacific Partnership trade agreement, brokered by his predecessor, during his first week in office. In May, ...

Norway's economy facing petroleum-related headwinds

Nov 07, 2017 (UPI)

"Norwegian manufacturing output went down 0.7 per cent from the second quarter to the third quarter of 2017, according to seasonally-adjusted figures," the gove...

Study maps Sub-Saharan Africa's dependency on China

Nov 07, 2017 (AFP)

"There is no doubt about a strong dependence on China for countries that produce oil and minerals," said Ruben Nizard, an economist and Sub-Saharan Africa speci...

Alberta's leader tours in support of Trans Mountain oil pipeline

Nov 07, 2017 (UPI)

Alberta Premier Rachel Notley is touring the country in support of pipeline company Kinder Morgan's multibillion dollar expansion project, heading first to Toro...

Oklahoma still scrambling with budget despite oil price trends

Nov 07, 2017 (UPI)

House leaders in Oklahoma said last week they were leading the way in working in bipartisan fashion to address lingering budget strains. Though rich in oil and ...

US urges action after Saudi accuses Iran over missile attack

Nov 07, 2017 (AFP)

The Iran-backed Huthi rebels also threatened to attack ports and airports in Saudi Arabia and the United Arab Emirates, escalating a crisis between Riyadh and T...

An Iranian benchmark for oil just topped $60 per barrel

Nov 07, 2017 (UPI)

Iran Heavy crude breached $60 per barrel in early Tuesday trading, trading relatively on par with the basket of crude oil grades for OPEC members. Iran's benchm...