OIL - AFRICA DAILY

Husky Energy responding to minor Alberta oil spill

Mar 23, 2017 (UPI)

Canadian oil company Husky Energy said it was ready to start restoration efforts immediately, after reporting a minor oil spill in southwest Alberta. Husky esti...

Libya sets goals for higher oil production

Mar 23, 2017 (UPI)

Libya aims to increase crude oil production at some of its fields by 55,000 barrels to the extent that conditions permit, the nation's main oil company stated. ...

Senegal oil bonanza imminent, FAR Ltd. says

Mar 22, 2017 (UPI)

In a report to shareholders, energy company FAR Ltd. said its flagship basin offshore Senegal was primed for growth because of low costs and good appraisals. FA...

New Zealand expects strong interest in oil, gas auction

Mar 22, 2017 (UPI)

Though small by global standards, New Zealand's oil and gas sector is expected to see strong interest as the market improves, the energy minister said. New Zeal...

Market may be ripe for U.S. offshore oil and gas bids

Mar 22, 2017 (UPI)

Energy sector interest in the central waters of the Gulf of Mexico is high because of market conditions and U.S. government interest, a trade group said. The U....

Supply-side pressure leaves bruise on oil prices

Mar 22, 2017 (UPI)

Questions about Trump-era economic trends and concerns about a glut of oil in the market pushed crude oil prices sharply lower in early Wednesday trading. S&P G...

Germany's Wintershall expects steady oil, gas output for 2017

Mar 22, 2017 (UPI)

German energy company Wintershall said it expects good returns this year and a steady course for oil prices supporting expansions for oil and gas production. Ma...

Foot placed on Cuba oil accelerator

Mar 22, 2017 (UPI)

A basin in Cuba that has a reserve potential of 647 million barrels is scheduled for an accelerated exploration program, an Australian energy company said. Melb...

Russia will play OPEC ball, report finds

Mar 22, 2017 (UPI)

Russia is likely to play along with what's expected to be another six months of OPEC production cuts despite lackluster compliance, a new report finds. Members ...

BP orders construction for new subsea production system

Mar 21, 2017 (UPI)

Schlumberger subsidiary OneSubsea has been contracted to provide a subsea production system for BP's Mad Dog 2 project in the Gulf of Mexico. The Mad Dog Phase ...

Johan Sverdrup moves forward with Phase 2 development

Mar 21, 2017 (UPI)

The Johan Sverdrup oil field on Norway's continental shelf will proceed with further development plans, Lundin Petroleum announced on Tuesday. Johan Sverdrup is...

Norwegian oil and gas production remained slow in February, report says

Mar 21, 2017 (UPI)

Norway produced an average of 2 billion barrels of oil, liquified natural gas and condensate in February -- less oil and gas than was produced in January. Produ...

U.S. oil production keeping oil prices low

Mar 21, 2017 (UPI)

Crude oil futures started the day slightly improved Tuesday after falling for seven of the last 10 sessions. Prices remained below the $50 per barrel mark, an i...

Slow, steady economic growth for shale-rich Colorado

Mar 20, 2017 (UPI)

The economy for shale-rich Colorado is improving, though a tight labor market and pressure outside the energy sector may be constraining, a budget report finds....

Norway reviews offshore platform safety for helicopters

Mar 20, 2017 (UPI)

The Spanish energy company Repsol has been called on to address concerns about safety as they relate to an offshore accident tied to transport, a Norwegian regu...

Oil-rich Russia revises GDP growth estimate higher

Mar 20, 2017 (UPI)

As crude oil prices recover from last year's historic decline, the Russian finance minister said the outlook for gains in gross domestic product have improved. ...

Iran pulls first oil out of South Pars field

Mar 20, 2017 (UPI)

The production of oil from the South Pars field complex in the Persian Gulf has started for the first time, the Iranian Oil Ministry declared. Shana, the Oil Mi...

Rig count hangover bruises crude oil prices

Mar 20, 2017 (UPI)

Under broader pressure from the so-called Brexit, crude oil prices moved lower early Monday on a hangover from higher U.S. exploration and production work. Ener...

Beijing shuts last coal power plant in switch to natural gas

Mar 19, 2017 (AFP)

The last large coal-fired power plant in Beijing has suspended operations, with the city's electricity now generated by natural gas, the state news agency repor...

Fitch: Azerbaijan's energy company facing mixed pressures

Mar 17, 2017 (UPI)

The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its peers in terms of revenue, but remains pressured, a ratings agency said. A...