OIL - AFRICA DAILY

More than $2 billion in spending slated offshore Norway

Mar 27, 2017 (UPI)

Norwegian energy company Statoil said it submitted plans to the government to spend more than $2 billion to revitalize operations in the Norwegian Sea. The Norw...

Energy sector gains having spillover effect for Texas

Mar 27, 2017 (UPI)

Gains in the energy sector are spilling over into other parts of the economy, with manufacturing getting some secondary support, a Texas economist said. Keith R...

Novel oil spill cleanup technology tested

Mar 27, 2017 (SPX)

Tests conducted last week of a novel technology that can greatly accelerate the combustion of crude oil floating on water demonstrated its potential to become a...

Keystone approval spells headache for Canada's Trudeau

Mar 25, 2017 (AFP)

Prime Minister Justin Trudeau was quick to welcome Washington's approval Friday of a major new pipeline from Canada into the United States, but observers say it...

UN Security Council again eyes sanctions on South Sudan

Mar 24, 2017 (AFP)

The UN Security Council voiced alarm Thursday about the deepening humanitarian crisis and famine in South Sudan, with the United States, Britain and France rais...

Russia trying to gain influence in Libya: US general

Mar 24, 2017 (AFP)

Russia is trying to expand its influence in Libya through a combination of military means and oil and weapons sales, a top US general said Friday. General Thoma...

Russian Central Bank cuts rate by a quarter percent

Mar 24, 2017 (UPI)

Inflationary risks remain for Russia, a top oil and gas exporter, even as expectations for economic recovery improve, the country's central bank said. The Russi...

Oil prices edge higher ahead of OPEC meeting

Mar 24, 2017 (UPI)

Oil prices moved into positive territory early Friday on expectations that OPEC could extend the terms of an agreement to curb production to balance the market....

Trump approves Keystone XL pipeline, hails 'great day' for jobs

Mar 24, 2017 (AFP)

True to his pledge, President Donald Trump gave final approval on Friday for TransCanada to build the controversial Keystone XL oil pipeline, overriding environ...

New oil and gas find offshore Norway

Mar 24, 2017 (UPI)

Norwegian energy company Statoil made an oil and gas discovery in the North Sea in an area not previously known to hold reserves, the government said. Using its...

Iranian oil docked for market in Belarus

Mar 24, 2017 (UPI)

Iranian state media reported Friday a batch of Iran's oil purchased by Belarus was docked at the Port of Odessa and in the processing steps for refining. The of...

Shell dumps assets onshore Gabon

Mar 24, 2017 (UPI)

As part of an effort to streamline its portfolio after acquiring BG Group, Royal Dutch Shell said Friday it was leaving parts of Africa behind after 55 years. S...

Hurdles remain for Keystone XL oil pipeline

Mar 24, 2017 (UPI)

The Keystone XL oil pipeline from Canada still faces a range of potential hurdles even with a sign off from the U.S. government, analysts said. U.S. State Depar...

Fretting over U.S. economic fate dings oil prices

Mar 23, 2017 (UPI)

Crude oil prices drifted lower in early Thursday trading as investors remained cautious about U.S. economic trajectory ahead of a pivotal vote on health insuran...

China's CNOOC hit by market downturn

Mar 23, 2017 (UPI)

After reporting steep declines in yearly oil and gas revenue, Chinese company CNOOC said Thursday its focus on cost control was relentless. China National Offsh...

Oil breakthrough for Mexico with Eni discovery

Mar 23, 2017 (UPI)

Italian energy company Eni said Thursday it confirmed the potential for oil offshore Mexico in the first drilling campaign by a foreign company since 2013. Eni ...

Oil and gas-rich Norway expects sluggish economic growth

Mar 23, 2017 (UPI)

There are signs that pressure from a declining energy sector is fading, though Norway's economy is not on pace for major growth, the government said Thursday. T...

A new model for capillary rise in nano-channels offers insights into fracking

Mar 23, 2017 (SPX)

In the last decades, hydraulic fracturing or "fracking," a method of oil and gas extraction, has revolutionized the global energy industry. It involves fracturi...

Putin insists Europe needs expanded gas pipeline

Mar 23, 2017 (UPI)

An expansion to a Russian gas pipeline running offshore to Germany makes sense given production declines in Europe, Russia's president said. Russian natural gas...

Norway's Statoil top bidder for U.S. offshore licenses

Mar 23, 2017 (UPI)

As one of the companies with the largest take in a U.S. offshore auction, Norway's Statoil said it reset its Gulf of Mexico position as the market improves. Sta...