OIL - AFRICA DAILY

Oct 21, 2017 (AFP)

The tour coincides with Saudi Energy Minister Khaled al-Faleh's high profile visit to Baghdad where he called for the strengthening of economic relations to boo...

Libyan oil production gains limited

Oct 20, 2017 (UPI)

Secondary sources reporting to the economists at the Organization of Petroleum Exporting Countries said Libya produced an average 923 million barrels of oil per...

Iran reaches agreement on gas with Italian power company

Oct 20, 2017 (UPI)

Pars Oil and Gas Co., the National Iranian South Oil Co. and a handful of others said they signed a memorandum of understanding with Italian power company Ansal...

Kurdish oil operations proceeding as normal

Oct 20, 2017 (UPI)

"Gulf Keystone confirms that its operations in Kurdistan continue safely and securely with the company achieving average production of 34,525 barrels of oil per...

Chevron suspends operations in Iraqi Kurdistan

Oct 20, 2017 (AFP)

"We continue to monitor the situation in the Kurdistan Region of Iraq," said a spokeswoman for the US oil giant in an email message. "We remain in regular conta...

Cuban oil drilling ready for 2018

Oct 20, 2017 (UPI)

Melbana is one of the few foreign companies, and the only one listed on the Australian exchange, with a footprint in Cuba. The company was able to secure millio...

Schlumberger sees clear signs of balance

Oct 20, 2017 (UPI)

"The reduction in global oil inventories in the third quarter is clearly showing that the oil market is now in balance, which is reflected in the upward movemen...

Rising dollar, risk tolerance, drags oil prices lower

Oct 20, 2017 (UPI)

Republicans in the U.S. Senate gathered enough support to approve a 2018 budget resolution backed by President Donald Trump that will serve as a framework for t...

Azerbaijan would support further OPEC balancing actions

Oct 20, 2017 (UPI)

Members of the Organization of Petroleum Exporting Countries implemented an agreement in January to sideline about 1.8 million barrels of oil per day from the m...

Iraqi workers return after oil fields retaken from Kurds

Oct 20, 2017 (AFP)

Iraqi forces this week reclaimed a string of major oil fields around the city of Kirkuk that the Kurds seized in 2014 during the chaos of the Islamic State grou...

Wheatstone LNG a drag on Woodside Petroleum

Oct 19, 2017 (UPI)

The company said in a third quarter statement that its production guidance for the year was narrowed because of a delay in the start of the first liquefaction f...

Maintenance period drags Norwegian oil production lower

Oct 19, 2017 (UPI)

The Norwegian Petroleum Directorate reported lower sales and lower production, based on preliminary data for September. Preliminary data show oil production was...

Higher U.S. exports draining storage levels

Oct 19, 2017 (UPI)

Data from the U.S. Energy Information Administration, published Wednesday, show oil exports averaged 1.6 million barrels per day over the last four weeks, a spa...

Oil States International expects revenue hit from Harvey

Oct 19, 2017 (UPI)

The company set its revenue guidance for the third quarter at between $165 million and $185 million, but said Thursday that the impact from Harvey could push th...

Oil prices retreat on Russian concerns about balance

Oct 19, 2017 (UPI)

Outside of the first week in October, crude oil prices have been holding steady in bullish territory for the better part of the third quarter. The rally is due ...

Baghdad reminds oil companies that it's in charge

Oct 19, 2017 (UPI)

Iraqi Oil Minister Jabbar al-Luaibi said he was frustrated with announcements of intent to sign oil contracts inside the "geographic borders of Iraq without tel...

Activists vow 'resistance' as courts to rule on Canada pipeline

Oct 19, 2017 (AFP)

While oil companies in the world's sixth-largest producer count on the courts' support, environmental and indigenous activists are prepared for the worst: that ...

Norwegian oil and gas player Lundin expecting some losses

Oct 18, 2017 (UPI)

"The profitability for the third quarter of 2017 will be impacted by certain expensed exploration costs and impairment charges, as well as a net foreign currenc...

Norway petroleum extraction taxes lower because of the market

Oct 18, 2017 (UPI)

Statistics Norway, the nation's record-keeping agency, said total tax revenue for September was up 3.5 percent from last year. From September 2015 to September ...

International arbitration sought over Gambian oil licenses

Oct 18, 2017 (UPI)

The company said that its subsidiaries in Gambia filed requests for arbitration at an international dispute chamber to protect two of its offshore licenses. "We...