OIL - AFRICA DAILY

Jul 14, 2017 (UPI)

Emergency managers in Bastrop County, located in southeast Texas, said late Thursday that those living in the 15 residencies evacuated earlier in the day were a...

Libya gains balance Nigerian oil loss

Jul 14, 2017 (UPI)

Nigeria and Libya are two members of the Organization of Petroleum Exporting Countries exempt from a multilateral effort to balance the market with production d...

Libya trains regular army to 'do away with militias'

Jul 14, 2017 (AFP)

Another makeshift camp has been set up nearby to train future soldiers. On the menu: jumping, climbing, crawling and scaling ropes. "This basic training marks o...

Total petroleum production in Norway higher than last year

Jul 13, 2017 (UPI)

The Norwegian Petroleum Directorate published data for year-to-date production. About 754 million barrels of oil equivalents were produced so far this year, wit...

First Trump offshore lease sale revised to reflect market conditions

Jul 13, 2017 (UPI)

U.S. Interior Secretary Ryan Zinke announced the first sale for offshore oil and gas acreage under a new five-year plan would take place next month. It's part o...

Aker BP, a Norwegian company, expecting higher production

Jul 13, 2017 (UPI)

One of the first companies out of the gate with second quarter results, the company said production costs were $121 million, up from $39 million, though total i...

Soldier killed in attack in Nigeria's oil-rich south

Jul 13, 2017 (AFP)

The attack happened in the early hours of Thursday in the Ogbogbagbene community, southwest of the Delta state capital Warri, according to locals. A source at N...

Oil output slow, steady for U.S. in Gulf of Mexico

Jul 13, 2017 (UPI)

The bulk of total U.S. oil production comes from inland shale basins. Total U.S. output is expected to reach 9.9 million barrels per day next year, the highest ...

Drilling slated for Arctic waters offshore Alaska in December

Jul 13, 2017 (UPI)

"After a comprehensive review and consideration of comments received from the public, stakeholders, and Federal and state partner agencies and tribes, the Burea...

Oil prices stabilize after supply declined last month

Jul 13, 2017 (UPI)

Light, sweet crude oil futures had increased Wednesday after a buoyant economic future by Fed Chair Janet Yellen. Prices slumped upon opening but quickly recove...

Most oil players losing confidence in the market, IEA says

Jul 13, 2017 (UPI)

The Organization of Petroleum Exporting Countries and a handful of non-member producers in January started implementing a deal to curb output to offset the supp...

Norway's oil production higher year-over-year

Jul 11, 2017 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, reported a preliminary rate of oil production for June at 1.55 million barrels per day. "The...

Wood Mac: Spending habits for oil and gas industry changing

Jul 11, 2017 (UPI)

A report from the consultant group found the industry has sanctioned 15 new oil and gas developments, which is the equivalent of about 8 billion barrels of new ...

Major oil discovery heralded offshore Mexico

Jul 11, 2017 (UPI)

Talos Energy, working alongside joint venture partners Sierra Oil and Gas and Premier Oil, said it confirmed a discovery at the Zama-1 exploration well off the ...

Brazil a core area, Norwegian energy company Statoil says

Jul 11, 2017 (UPI)

Statoil signed up with a regional partner to take a 10 percent stake in a license area in the lucrative Santos basin, bringing the hold for the Norwegian energy...

Big Michigan business concerned by Enbridge oil pipeline

Jul 11, 2017 (UPI)

"We have oil that's coming from Canada, passing through Michigan, and the great majority of it goes to Canada," Larry Bell, owner of Bell's Brewery, said in a s...

Shell continues divestment streak with Irish shale

Jul 11, 2017 (UPI)

Shell said a subsidiary was selling off its 45 percent stake in the Corrib natural gas venture as part of a broader divestment effort. Andy Brown, the company's...

Fed report, lower U.S. oil production lift oil prices higher

Jul 11, 2017 (UPI)

"The economy appears to have grown at a moderate pace, on average, so far this year," U.S. Federal Reserve Chairwoman Janet Yellen said in prepared remarks. "Al...

Energy jobs on the decline, but not production, IEA finds

Jul 11, 2017 (UPI)

A report from the IEA on overall capital spending in an era where crude oil prices have lingered at historic lows found technological gains are having a clear i...

South Sudan to hold its first-ever oil and gas conference

Jul 11, 2017 (UPI)

African Oil & Power is organizing the South Sudan Oil and Power expo set to take place in mid-October in the nation's capital, Juba. South Sudan President Salva...