OIL - AFRICA DAILY

Shale-rich Oklahoma holds special session to address budget gap

Sep 25, 2017 (UPI)

Gov. Mary Fallin said lawmakers are called on to find long-term solutions to budget woes. By her estimate, the state could face a $500 million shortfall next ye...

Balanced sentiment drives oil prices higher

Sep 25, 2017 (UPI)

Traders last week were left waiting after ministers monitoring the effort led by the Organization of Petroleum Exporting Countries to drain the market surplus w...

Gas operations at one of Israel's largest fields closed down

Sep 25, 2017 (UPI)

Delek Drilling, a partner at the Tamar natural gas field in the Mediterranean Sea, said the operator, the regional subsidiary of Noble Energy, found a crack on ...

BP brings shale techniques to Oman to start gas production

Sep 25, 2017 (UPI)

Petrol prices pumped up in Pyongyang

Sep 23, 2017 (AFP)

Retail prices have gone up around 20 percent in two months, AFP saw in the capital -- and are now more than double what they were at the beginning of the year. ...

Norway's Statoil says it reached emissions goals early

Sep 22, 2017 (UPI)

The Norwegian energy company, one of the more robust producers in the world, said it reached its target of cutting 1.2 million tons worth of emissions of carbon...

Both sides claim win with fracking ruling

Sep 22, 2017 (UPI)

The 10th U.S. Circuit Court of Appeals overturned a lower court's ruling on overreach challenges against the U.S. Bureau of Land Management, which wanted regula...

French company Total captures more assets in the Gulf of Mexico

Sep 22, 2017 (UPI)

"Total has entered into an agreement to capture seven prospects operated by Chevron in the deepwater Gulf of Mexico," the French company said in a statement. To...

Nigeria ready to play OPEC ball, Russia says

Sep 22, 2017 (UPI)

Members of a committee monitoring an agreement to cut the equivalent of about 2 percent of world's oil demand out of the market met Friday in Vienna to discuss ...

Texas sees pipelines, infrastructure as energy leverage

Sep 22, 2017 (UPI)

Ryan Sitton, an official with the Texas Railroad Commission, the state's energy regulator, said the U.S. position as an energy leader was supported by good infr...

Oil prices in mixed territory amid OPEC waiting game

Sep 22, 2017 (UPI)

Members of a committee monitoring a multilateral effort to draw the level of global crude oil inventories closer to the five-year average met in Vienna to consi...

Nigeria, Turkey to meet over illegal arms shipments

Sep 22, 2017 (AFP)

It was the fourth time this year Nigerian customs officers had intercepted illegal arms shipments from Turkey at the nation's ports, a customs official said. Ac...

Texas oil and gas sector resilience 'extraordinary'

Sep 21, 2017 (UPI)

Texas is the No. 1 oil producer in the country and accounts for about a quarter of the total U.S. natural gas production. When oil prices moved below $30 last y...

Economic clouds, OPEC jitters send oil prices lower

Sep 21, 2017 (UPI)

Oil prices have moved higher more or less unabated since the end of August, when Hurricane Harvey hit the large concentration of refineries in the southern Unit...

Colorado sees slight uptick from oil and gas sector

Sep 21, 2017 (UPI)

"Sales taxes and individual income taxes are rebounding in 2017 as the economy strengthens from the oil and gas downturn and moderate economic growth of 2015 an...

Austrian bank signs investment deal with Iran

Sep 21, 2017 (AFP)

Oberbank said the framework agreement will finance Austrian investment projects in Iran's infrastructure, healthcare and plant construction sectors. "We are pro...

IEA: Subdued demand sees relatively oversupplied oil market

Sep 21, 2017 (UPI)

The Organization of Petroleum Exporting Countries in January started implementing an arrangement to sideline the equivalent of about 2 percent of the world's de...

Chevron terminates Gulf of Mexico rig contract early

Sep 21, 2017 (UPI)

"A subsidiary of Chevron elected to exercise its contractual option to terminate the drilling contract for the ultra-deepwater drillship Discoverer Clear Leader...

UK oil and gas reserves may last only a decade, study suggests

Sep 21, 2017 (SPX)

A study of output from offshore fields estimates that close to 10 per cent of the UK's original recoverable oil and gas remains - about 11 per cent of oil and n...

Kurdish vote hurts trade, U.S. says

Sep 21, 2017 (UPI)

A referendum of independence for the Kurdish region of northern Iraq is set for Sept. 25. The vote follows several decades of acrimony between Kurdish administr...