OIL - AFRICA DAILY

Crude oil prices move lower on OPEC production data

Mar 14, 2017 (UPI)

Oil prices moved lower Tuesday, with the price for Brent threatening to break under $50 per barrel after OPEC revealed data on production cut compliance. Crude ...

Enbridge gets an earful over northern Michigan underwater pipeline

Mar 14, 2017 (UPI)

Pipeline company Enbridge faced scrutiny over the integrity of a pipeline system in Michigan, though a director said a Mackinac Straits system was sound. Enbrid...

Business confidence improving for oil-rich Russia

Mar 13, 2017 (UPI)

With crude oil prices improving over last year's slump, a market report finds most companies in Russia are expecting modest recovery. A November forecast from t...

AMEC Foster Wheeler agrees to $2.6B takeover by Wood Group

Mar 13, 2017 (UPI)

Wood Group will purchase AMEC Foster Wheeler for $2.6 billion in a move that will combine two of Britain's largest energy services. In a statement announcing th...

OPEC cuts not having dramatic effect for members

Mar 13, 2017 (UPI)

Parties to an OPEC-led effort to bring the oil market back to a healthy balance between supply and demand have more work to do, an industry analyst said. The Or...

Broader pressures remain, though Texas energy sector recovering

Mar 13, 2017 (UPI)

There were twice as many oil and natural gas discoveries recorded in Texas in February than during the previous month, a state regulator reported. The Railroad ...

Oil woes continue on reported G20 slowdown

Mar 13, 2017 (UPI)

Concerns about the buildup in oil supplies and a report on a modest decline in some of the world's leading economies sent oil prices lower early Monday. Crude o...

Europe vetting comments on Russia's control over gas

Mar 13, 2017 (UPI)

All interested parties are invited to offer comments on whether or not Russian natural gas company Gazprom is playing by the rules in Europe, the European Commi...

Trudeau makes the case for Canadian energy in Houston

Mar 10, 2017 (UPI)

Canadian Prime Minister Justin Trudeau affirmed his country's energy commitment to the United States during a speech in Houston. During the speech, made to the ...

U.S. companies claim largest onshore oil discovery in 30 years

Mar 10, 2017 (UPI)

Energy enterprises Repsol and Armstrong Energy say they made the largest U.S. onshore oil discovery in three decades in Alaska. The conventional hydrocarbon oil...

Native Americans march on White House over Dakota pipeline

Mar 10, 2017 (AFP)

Native American groups staged a march to the White House Friday against the construction of a controversial oil pipeline, which they fear could desecrate tribal...

Tillerson recuses himself from Keystone XL decision

Mar 10, 2017 (AFP)

US Secretary of State Rex Tillerson, a former oil executive, recused himself Thursday from any role in approving the Keystone XL pipeline between Canada's tar s...

U.S. crude oil sales to Asia quickly growing

Mar 10, 2017 (UPI)

The growing influence of U.S. crude oil exports to Asia was a topic at a recent oil conference in London. It had been 40 years since crude oil was exported from...

Oil sands development threatens Canadian nature reserve: UNESCO

Mar 10, 2017 (AFP)

Canada has failed to adequately protect a national park and world heritage site that neighbors a massive oil sands development, UNESCO said Friday. The UN organ...

Argonne invents reusable sponge that soaks up oil

Mar 09, 2017 (SPX)

When the Deepwater Horizon drilling pipe blew out seven years ago, beginning the worst oil spill in U.S. history, those in charge of the recovery discovered a n...

Researchers link methane in groundwater in Parker and Hood counties to natural sources

Mar 09, 2017 (SPX)

Scientists from The University of Texas at Austin have found that high levels of methane in well water from two counties near Fort Worth are probably from shall...

Overhaul planned for refinery in Kirkuk, Iraq

Mar 08, 2017 (UPI)

The refining capacity of a complex in the northern Iraqi city of Kirkuk will be expanded in part to better serve community needs, the Iraqi oil minister said. "...

Oklahoma oil, gas tax collections lower year-over-year

Mar 08, 2017 (UPI)

Tax collections from oil and gas production last year were more than 10 percent off the previous year, though the Oklahoma state treasury expressed optimism. S&...

Advocates turn focus to Minnesota oil pipeline

Mar 08, 2017 (UPI)

An expansion to a Minnesota oil pipeline poses a direct threat to water supplies in the region, conservationists and tribal groups told the State Department. Hu...

Oil falls to below $49 per barrel in selloff

Mar 08, 2017 (UPI)

Oil prices fell sharply Thursday, with West Texas Intermediate crude falling below $49 per barrel for the first time this year. WTI and Brent crude oil closed d...