OIL - AFRICA DAILY

Apr 03, 2017 (UPI)

Oil exports from the southern port of Basra could increase by substantial levels following upgrades to infrastructure, the Iraqi oil minister said. Iraqi oil ex...

Prospects for Nigerian oil rising, regional explorer says

Apr 03, 2017 (UPI)

A memorandum of understanding with GE Oil & Gas could help lift more oil out of a Nigerian basin, regional exploration company Lekoil said. Lekoil, a company fo...

BP sells off strategic North Sea pipeline network

Apr 03, 2017 (UPI)

British petrochemicals company INEOS said Monday it was moving into BP's wake by taking over one of the supermajor's biggest North Sea assets. INEOS agreed to p...

Gazprom boasts of expanding gas exports

Apr 03, 2017 (UPI)

Days after opposition to a pipeline expansion project fell, Russian energy company Gazprom said its natural gas sales to foreign countries are up 15 percent. Ru...

Slow start for oil prices in the first trading day in April

Apr 03, 2017 (UPI)

Crude oil prices marched out of the gate for the first trading day in April on a muted tone, up only modestly on competing production trends. Crude oil prices e...

Fourth quarter revenue down for Norway

Apr 03, 2017 (UPI)

A snapshot of total revenue for Norway, one of Europe's lead oil and gas suppliers, revealed declines for the fourth quarter, the government reported. Norway se...

China wades into oil basins off the West African coast

Mar 31, 2017 (AFP)

Prospects for expanding the footprint in emerging oil basins off the Senegalese and Gambian coasts has increased through a Chinese partnership, FAR Ltd. said. F...

New fire protection measure in force in oil-rich Alberta

Mar 31, 2017 (AFP)

After wildfires last year hobbled Alberta's oil sector, the provincial government said Friday marks the start of enforcement of new protection regulations. Albe...

Oil prices in modest decline in Friday's waiting game

Mar 31, 2017 (AFP)

Crude oil prices drifted lower in early Friday trading as markets relax following two consecutive days of gains ahead of a key meeting of OPEC ministers. Signs ...

IMF: Nigeria's economy still under strain despite oil bounce

Mar 31, 2017 (AFP)

Without a change in focus, the Nigerian economy will expand less than 1 percent even with a recovery in crude oil prices, the International Monetary Fund said. ...

Keystone XL controversy lingers with legal challenge

Mar 31, 2017 (AFP)

A legal challenge to the Keystone XL oil pipeline keeps the focus on opposition as the review process heads to the state level, a market analyst said. A coaliti...

Guyana emerging as a new oil frontier

Mar 31, 2017 (AFP)

A discovery ff oil by Exxon Mobil off the coast of Guyana suggests the country is emerging as the sector's next major hot spot, a regional player said. Exxon an...

Michigan Republican aims to shut down Enbridge pipeline

Mar 31, 2017 (AFP)

A Republican senator from Michigan said he's working through legislative efforts to close down an Enbridge oil pipeline in the Great Lakes. Sen. Rick Jones intr...

Norway raises reserve estimate of Barents Sea field

Mar 30, 2017 (UPI)

The size of the oil reserves in the Goliat field in the Norwegian waters of the Barents Sea were revised higher because of new drilled wells, a regulator said. ...

Oil prices set for rise after higher U.S. GDP figures reported

Mar 30, 2017 (UPI)

Crude oil prices were on pace for another day of solid gains Thursday after a report showed fourth quarter gains in the United States were better than expected....

Oil and gas projects in deep waters grow competitive

Mar 30, 2017 (UPI)

On the heels of new developments in the Gulf of Mexico, a report finds the next breakout area for the recovering oil and gas sector may be deep water basins. A ...

PetroChina profit plunges 78% to record low

Mar 30, 2017 (AFP)

State-owned Chinese energy giant PetroChina on Thursday announced it slumped to a record-low profit for 2016 as global oil price weakness slashed earnings by 78...

Genel Energy aims to emerge as a natural gas player

Mar 30, 2017 (UPI)

Coming off a tough year in 2016, Genel Energy, which has a strong position in northern Iraq, said it was in partnership talks with a company in nearby Turkey. T...

Texas oil production down year-over-year

Mar 30, 2017 (UPI)

Though recovery is expected to evolve through 2017, data on oil production from Texas show volumes declined year-over-year, based on preliminary figures. The Ra...

Houthi rebels in Yemen threatening strategic strait: US official

Mar 29, 2017 (AFP)

Houthi rebels in Yemen are threatening free movement into and out of the Red Sea with missiles, mines and other sophisticated defenses on a key strait, a top US...