OIL - AFRICA DAILY

Aug 30, 2017 (AFP)

Harvey rolled into Texas on Friday as a Category Four hurricane, tearing down homes and businesses on the Gulf Coast, and triggering massive floods. The storm c...

Iran lauds oil loading potential from Persian Gulf

Aug 30, 2017 (UPI)

Iran started producing oil for the first time from the South Pars field complex in the Persian Gulf earlier this year. The oil layer is different from the gas r...

Oil prices continue downward trend triggered by Harvey

Aug 30, 2017 (UPI)

"At 5 a.m., Motiva began a controlled shutdown of the Port Arthur refinery in response to increasing local flood conditions," the company said in a statement em...

Russia's economy tripped up, but recovering

Aug 29, 2017 (UPI)

The ministry reported growth in gross domestic product in July was 1.5 percent, which marks a slight slowdown, but still an improvement from the negative GDP fr...

Harvey pushing gas prices up as another storm approaches east coast of U.S.

Aug 29, 2017 (UPI)

AAA reports a national average retail price for a gallon of gasoline at $2.38 for Tuesday, up a fraction of a percent from the previous day and 1.7 percent, or ...

Statoil's Arctic exploration fails to find oil

Aug 29, 2017 (AFP)

The first test well showed only small volumes of natural gas, "not large enough for commercial development," Statoil said in a statement. Korpfjell is located o...

Shale-rich Oklahoma assisting with Harvey response efforts

Aug 29, 2017 (UPI)

Harvey is moving slowly northeast and dumping torrential rains on parts of the southern U.S. coast, an area that's central to the U.S. energy sector. The Nation...

Brazil threatens to nix Total's Amazon oil drilling bid

Aug 29, 2017 (AFP)

The government environmental agency Ibama said in a statement late Monday that Total is required to "leave no doubt about possible impacts to the coral reef and...

Oil sees slight recover after hit from storm Harvey

Aug 29, 2017 (AFP)

Harvey battered into Texas on Friday as a Category Four hurricane, tearing down homes and businesses on the Gulf Coast, and triggering massive floods. The storm...

Oil and gas wells as a strong source of greenhouse gases

Aug 29, 2017 (SPX)

Scientists from GEOMAR Helmholtz Centre for Ocean Research Kiel and the University of Basel now published new data in the international journal Environmental Sc...

Offshore Canada oil development gains momentum

Aug 29, 2017 (UPI)

TechnipFMC will supply and install some of the subsea components that will connect to the West White Rose floating, production, storage and offloading vessel. H...

Cost burden lowered for Cuban oil program

Aug 28, 2017 (UPI)

Melbana is one of the few Western companies, and the only one listed on Australia's stock exchange, with an established footprint in Cuba. A drilling campaign s...

Iran expecting around 10 new oil and gas contracts

Aug 28, 2017 (UPI)

In January, the Iranian Oil Ministry published a list of 29 foreign oil and gas companies qualified to take part in any upcoming tenders for exploration and pro...

Libya navy seizes oil tanker, detains Filipino crew

Aug 28, 2017 (AFP)

Navy spokesman General Ayoub Kacem said the vessel was intercepted on Sunday off Abu Kamash, 170 kilometres (110 miles) west of Tripoli, and its crew transporte...

Oil benchmarks pulled in opposite directions as Harvey skews market

Aug 28, 2017 (UPI)

Harvey sidelined about half of the regional refining capacity because of historic flooding. As much as 4 feet of rain is expected in the Houston metropolitan ar...

Profits up 40 percent for Chinese oil and gas company Sinopec

Aug 28, 2017 (UPI)

The company, known formally as China Petroleum & Chemical, reported a net profit for the first six months of the year at $4.2 billion, up 40 percent from the sa...

Oil sector hopes to weather Harvey storm

Aug 28, 2017 (AFP)

The Texas coast, home to nearly a third of the US oil refining capacity, has been ravaged by the most powerful hurricane to hit the state since 1961. As a preca...

More oil and gas possible from the Barents Sea

Aug 28, 2017 (UPI)

The Norwegian subsidiary of Lundin, which has headquarters in Stockholm, completed two appraisal wells in its Alta oil and gas discovery in the Barents Sea rece...

Harvey forces ExxonMobil to close Baytown refining complex

Aug 27, 2017 (AFP)

"We are in the process of a safe and systematic shutdown of operations," a company statement said. ExxonMobil said it was "taking all precautions" to ensure wor...

Venezuelans learn to shoot, fight at war drills to defy Trump

Aug 26, 2017 (AFP)

War planes, tanks and 200,000 troops of the National Bolivarian Armed Forces (FANB) deployed along with 700,000 reservists and civilians as socialist President ...