OIL - AFRICA DAILY

Russia expects oil and gas revenue to bounce back in March

Mar 03, 2017 (UPI)

After a budget shortfall in February, Russia's finance minister said it expected to receive more than $1 billion in oil and natural gas revenue this month. The ...

Norway extends permits for Norwegian and North Sea drilling

Mar 03, 2017 (UPI)

Norway's government pushed forward on expanding oil and gas exploration on the continental shelf Friday with new permits for the North and Norwegian Seas. The P...

Crude oil prices stage meager rally ahead of Fed speech

Mar 03, 2017 (UPI)

Oil prices were relatively flat early Friday as investors watched U.S. crude oil inventories ahead of a data release on exploration and production activity. Cru...

British oil and gas projects late and over budget, report says

Mar 03, 2017 (UPI)

Despite capital investments coming in at an all-time high, a British survey of oil and gas activity found few projects were delivered on time and under budget. ...

U.S. crude oil inventory data drags prices lower

Mar 02, 2017 (UPI)

Steady gains in U.S. crude oil inventories, coupled with an increase in exports from a key OPEC member, sent oil prices into deep red territory early Thursday. ...

French utility ENGIE posts loss, but keeps eye on low-carbon ball

Mar 02, 2017 (UPI)

French energy company ENGIE said it was standing by an agenda of agility and leanness after reporting revenues declined 4.6 percent in the fourth quarter. The c...

KBR hired as consultant by Kazakh oil producer

Mar 02, 2017 (UPI)

U.S. engineering services company KBR said it secured a contract for conceptual studies for oil field basins located in the Kazakh waters of the Caspian Sea. Th...

Iraqi Kurd forces halt pumping through key oil pipeline

Mar 02, 2017 (AFP)

Iraqi Kurdish forces deployed at a state-run oil company Thursday, temporarily halting pumping through a pipeline that is one of the country's two main avenues ...

Russia's Lukoil reports oil production declines for 2016

Mar 02, 2017 (UPI)

Russian oil producer Lukoil said its oil production for 2016 was 8.6 percent lower than in 2015, but higher for the fourth quarter by about 2.5 percent. Excludi...

Report: Paramilitary force occupies northern Iraqi oil office

Mar 02, 2017 (UPI)

Iraqi media reported a Kurdish paramilitary force occupied the offices of a state oil company in Kirkuk in a show of force over the nation's oil reserves. Force...

Design work completed for giant Israeli gas field, Leviathan

Mar 02, 2017 (UPI)

Wood Group, which provides services for energy producers and explorers, said it's completed design work for the giant Leviathan gas field offshore Israel. The c...

What about offshore, oil industry asks Trump

Mar 01, 2017 (UPI)

Despite general White House support for the oil and gas sector, a trade group said more than 90 percent of the reserves offshore remain off limits to producers....

After oil deal, Russia backs Libyan autonomy

Mar 01, 2017 (UPI)

Weeks after wading into its oil sector, and on the eve of a state visit, a Kremlin spokesman said Libya should be free from foreign intervention. "Russia would ...

Iran inks oil agreements with Austria

Mar 01, 2017 (UPI)

An Iranian leader reached an agreement with his Austrian counterparts to cooperate on oil field development, Iranian state media reported. The official Islamic ...

Italian energy company Eni recovers after spending cuts

Mar 01, 2017 (UPI)

Italian energy company Eni said it managed to turn a corner after trimming investments last year to turn in its first quarterly profit in more than a year. "The...

New Norwegian Sea drilling expected

Mar 01, 2017 (UPI)

Statoil was granted preliminary approval to start a new drilling campaign near an existing oil and gas field in the Norwegian Sea, the government said. The Norw...

Oil prices inch up cautiously in data waiting game

Mar 01, 2017 (UPI)

Crude oil prices fought off competing production narratives in early Wednesday trading to inch higher, but U.S. supply data could set the tone later in the day....

Total teams up with Brazil's Petrobras

Mar 01, 2017 (UPI)

French energy company Total announced alongside its Brazilian counterpart, Petrobras, both sides were teaming up in a $2.25 billion joint venture agreement. "Th...

Conditions right for U.S. oil exports

Feb 28, 2017 (UPI)

A global market looking to balance OPEC output declines and an expected increase in U.S. pipeline capacity could make oil exports attractive, analysis finds. Th...

WSU research advances energy savings for oil, gas industries

Feb 28, 2017 (SPX)

A Washington State University research team has improved an important catalytic reaction commonly used in the oil and gas industries. The innovation could lead ...