OIL - AFRICA DAILY

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...

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...

Russian oil company says it sent the U.S. its largest ever oil shipment

Sep 20, 2017 (UPI)

Russian oil company Gazprom Neft, which operates the Badra field in southern Iraq, said the 1.78 million barrels dispatched to the United States on the New Solu...

Wood Mac: Emissions increase faster than production

Sep 20, 2017 (UPI)

The group drew on its records for oil and natural gas production to carry out what it said was the first comprehensive study ever to look at upstream sector emi...

Oil rallies on lower-than-expected inventories

Sep 20, 2017 (UPI)

The American Petroleum Institute reported late Tuesday that crude oil inventory levels rose last week in the United States by 1.4 million barrels. That's lower ...

Kuwait's credit rating stable, Moody's reports

Sep 20, 2017 (UPI)

Kuwait is a member of the Organization of Petroleum Exporting Countries and a contributor to its effort to ease supply-side strains by trimming production. Seco...

Texas sees gains from gas exports to Mexico

Sep 20, 2017 (UPI)

Ryan Sitton, a commissioner at the regulatory Texas Railroad Commission, met with state officials and private sector representatives to discuss how reforms in M...

More Kurdish oil possible, Gulf Keystone says

Sep 19, 2017 (UPI)

Gulf Keystone, which has headquarters in London, but a portfolio based in northern Iraq, in August reported total average gross production from its Shaikan oil ...

LNG facility in Lithuania to open by year's end

Sep 19, 2017 (UPI)

Klaipėdos nafta said it started work on an LNG reloading station after commissioning cargo delivered by a bunkering vessel owned by a subsidiary of Royal Dutch...

Baker Hughes to improve Nigerian LNG reliability

Sep 19, 2017 (UPI)

The field services company, which is now under the GE umbrella, said it was asked by Nigeria LNG Ltd to come up with a software management system to support per...

Oil-rich Alberta brings climate message to New York

Sep 19, 2017 (UPI)

Alberta Environment Minister Shannon Phillips arrives Tuesday in New York to deliver remarks during the annual Climate Week conference, which takes place alongs...

OPEC chatter pushes oil prices back into rally mode

Sep 19, 2017 (UPI)

Crude oil prices have been volatile, but moving generally higher for most of the month. Seasonal supply and demand factors that would normally push oil prices l...

Sep 19, 2017 (UPI)

The motor club lists a national average price for a gallon of regular unleaded gasoline at the retail level of $2.62, down about 2 percent from last week and th...

Crude oil prices brush up against apparent ceiling

Sep 18, 2017 (UPI)

The price for Brent crude oil, the global benchmark, is up about 4 percent since the end of August, when Hurricane Harvey struck the southern coast of Texas and...

Russia's Rosneft to fast-track gas export option in Kurdish Iraq

Sep 18, 2017 (UPI)

Rosneft said it was finished with the due diligence requirements for an oil export pipeline from the Kurdish north and is in the process of finalizing the neces...

Expansion for energy-hungry Asia-Pacific robust, but uncertain

Sep 18, 2017 (UPI)

Economies in the Asia-Pacific region are expanding faster than developed nations and taking on more oil and gas resources as a result. Island nations like Japan...

Kazakhstan gets support to diversify away from oil

Sep 18, 2017 (UPI)

"Fulfilling the country's potential to become a high-income country will require substantial knowledge contributions and financial resources," Giovanni Capannel...

Oil promise for OMV in the Barents Sea

Sep 18, 2017 (UPI)

As one of the most prolific, Norway is an important oil and natural gas producer because it designates nearly all of its offshore production for exports to the ...

New search-and-rescue services evolve for Barents Sea oil work

Sep 18, 2017 (UPI)

Statoil said it teamed up with Italian energy company Eni to award Bristow Helicopters Ltd. two contracts for the Sikorsky S-92. One will serve primarily as a s...

China provides $10 billion credit line to Iran

Sep 16, 2017 (AFP)

The contract was signed in Beijing between China's CITIC investment group and a delegation of Iranian banks led by central bank president Valiollah Seif. The Ir...