OIL - AFRICA DAILY

Jul 19, 2017 (UPI)

Fatih Birol, the head of the International Energy Agency, met in Washington with U.S. Energy Secretary Rick Perry to discuss global oil and gas market developme...

Venezuela military stands behind controversial vote

Jul 19, 2017 (AFP)

The declaration, read out by Maduro's defense minister, General Vladimir Padrino Lopez, marked another official rejection of a threat by President Donald Trump ...

Russia boasts of Turkish gas pipeline progress

Jul 19, 2017 (UPI)

Russian energy company Gazprom said construction of a pipeline known variably as TurkStream or Turkish Stream started in May. Sergei Kupriyanov, a spokesman for...

Oil prices get small lift for reported decline in gasoline stocks

Jul 19, 2017 (UPI)

The American Petroleum Institute reported gasoline inventories declined by more than 5 million barrels last week, a sign of surging demand for the summer drivin...

An IPO in Thailand sparks push for regional energy development

Jul 19, 2017 (UPI)

The Asian Development Bank acquired 123 million shares in the initial public offering for B. Grimm Power Public Co., one of the largest private energy companies...

Nigeria and the hunt for oil in Boko Haram's heartland

Jul 19, 2017 (AFP)

President Muhammadu Buhari's government is exploring inland basins ranging from central Benue state to Boko Haram's heartland in northeast Borno. Renewed attack...

Court orders Russia to pay Dutch 5.4 mln euros for Greenpeace ship

Jul 18, 2017 (AFP)

Unveiling the amount of the award made on July 10, the Permanent Court of Arbitration said it had "unanimously determined the... compensation owed by Russia to ...

Oil rallies in anticipation of easing supply-side strains

Jul 18, 2017 (UPI)

A report emailed from S&P Global Platts said the price spread between short-term and long-term oil contracts is shrinking, which removes the financial incentive...

Western forces hit more ISIS oil installations in Syria

Jul 18, 2017 (UPI)

The U.S. Defense Department said forces united under Operation Inherent Resolve struck oil installations in the 25 strikes carried out recently against fighters...

Russia sees no damage from Barents Sea quakes

Jul 18, 2017 (UPI)

The U.S. Geological Survey reported a magnitude-7.7 earthquake early Tuesday afternoon local time in the Bering Sea. A series of tremors, some of which were str...

Magellan could see financials dinged by Texas pipeline spill

Jul 18, 2017 (UPI)

Magellan said during the weekend that repairs were made to its Longhorn pipeline system and the network was back in service less than a week after a contractor ...

Sucking up spilt oil

Jul 18, 2017 (SPX)

Marine oil spills are disasters that cannot be completely avoided as long as we drill for oil or transport it across the ocean. As oil slicks pose huge environm...

Iran sets goal of 10 new oil, gas deals

Jul 17, 2017 (UPI)

Gholamreza Manouchehri, deputy for development and engineering at the National Iranian Oil Co., said President Hassan Rouhani has set of goal of signing 10 new ...

Russians worried about the cost of living

Jul 17, 2017 (UPI)

Russia's economy relies heavily on oil and natural gas exports and recent sector weakness, as well as Western sanctions, added to the strains of recession. The ...

Rally in oil prices runs out of steam

Jul 17, 2017 (UPI)

Crude oil prices ended each trading day last week in positive territory on signs that commercial stockpiles of oil in the United States, the world's largest oil...

More gas found offshore, Norway's gov't says

Jul 17, 2017 (UPI)

The Norwegian Petroleum Directorate confirmed energy company Statoil made a small gas discovery in a wildcat well near the producing Snøhvit field in the Baren...

Disney next in line for LNG-powered cruise ships

Jul 17, 2017 (UPI)

"All ship names, design plans and itineraries are still in development, with each of the ships expected to have their own unique experiences," the company annou...

Damage to pipeline that spilled oil last week in Texas repaired

Jul 17, 2017 (UPI)

A handful of homes were evacuated Thursday after the release from the Longhorn pipeline system, operated by Magellan Midstream Partners. The company said a cont...

Norway's Statoil moves closer to South American oil prize

Jul 14, 2017 (UPI)

Statoil took a 33.3 percent interest in so-called Block 59 off the coast of Suriname in a consortium that includes U.S. counterparts Exxon Mobil and Hess Corp. ...

ADB: Asia-Pacific 'at the heart' of climate risks

Jul 14, 2017 (UPI)

"The global climate crisis is arguably the biggest challenge human civilization faces in the 21st century, with the Asia and Pacific region at the heart of it a...