OIL - AFRICA DAILY

Feb 24, 2017 (UPI)

Canadian oil producer Husky Energy said Friday it managed to turn a profit in the fourth quarter on the back of steady gains in total production. "This past yea...

Under deadline pressure, Dakota pipeline protesters leave camp

Feb 23, 2017 (AFP)

After nearly a year of occupying North Dakota prairie land to block the route of a controversial oil pipeline, many of the camp's holdouts finally marched out W...

Transocean says its phone is ringing

Feb 23, 2017 (UPI)

Rig company Transocean said that, after reporting an increase in revenues for the fourth quarter, recovery for offshore drillers was evident on the horizon. Tra...

FAR makes further progress offshore Senegal

Feb 23, 2017 (UPI)

Drilling of a fifth appraisal well into what may become one of the more promising basins off the West African coast is completed, FAR Ltd. announced. FAR is sai...

US authorities clear Dakota pipeline protest camp

Feb 23, 2017 (AFP)

Law enforcement with armored vehicles and bulldozers entered a North Dakota campsite on Thursday, clearing out dozens of people who had refused to vacate an oil...

Oil prices in the black on declining reserves and stockpiles

Feb 23, 2017 (UPI)

Crude oil prices moved into positive territory early Thursday after U.S. powerhouse Exxon Mobil cut its reserve estimate and supply-side pressures waned. Crude ...

Norway's energy sector rebounding from historic lows

Feb 23, 2017 (UPI)

A modest increase in investments in the Norwegian oil and gas industry is expected, though pressures on the overall energy sector remain, the government said. N...

Investment decision reached for Israeli gas giant

Feb 23, 2017 (UPI)

The partnership in control of Leviathan, among the largest gas fields in the world, said they reached an investment decision that envisions flows by 2019. Delek...

Kurdish oil export options shift

Feb 23, 2017 (UPI)

A major player in the oil sector of the Kurdish north of Iraq said it was re-routing exports by government orders, but that won't impact production levels. The ...

Spain's Repsol says 2016 was one for the record books

Feb 23, 2017 (UPI)

Spanish energy company Repsol said Thursday a strategy to navigate the recent market downturn paid off with its highest net income in four years. The Spanish en...

Oil production from Kazakhstan on the rise

Feb 23, 2017 (UPI)

Production from part of Kashagan oil field in the Kazakh waters of the Caspian Sea should reach capacity by the end of the year, an operating company said. Acco...

Labor force shrank in energy-rich Norway

Feb 22, 2017 (UPI)

The government of Norway, one of Europe's top oil and gas producers, reported that the size of its labor force in the waning months of 2016 declined. Norway is ...

U.S. shale company Whiting expecting more production

Feb 22, 2017 (UPI)

More than $1 billion in spending will go to developing U.S. shale basins where production is on pace to increase this year, Whiting Petroleum said. "In 2017, we...

Report: Rosneft builds Middle East portfolio with Kurdish deal

Feb 22, 2017 (UPI)

Russian oil company Rosneft continued building its Middle East portfolio by signing an agreement with the Kurdish government of Iraq, media reports said. An off...

Texas energy leader touts strength

Feb 22, 2017 (UPI)

The Texas oil and gas industry is job-creating and economic machine, contributing more than $20 million a day in revenue, an industry body said. Texas is the No...

Oil prices move lower after testing new water

Feb 22, 2017 (UPI)

Crude oil prices moved lower early Wednesday after running into a wall in the midst of the euphoria surrounding OPEC's latest rhetoric. Crude oil prices moved s...

Study finds 6,600 spills from fracking in just four states

Feb 22, 2017 (SPX)

Each year, 2 to 16 percent of hydraulically fractured oil and gas wells spill hydrocarbons, chemical-laden water, hydraulic fracturing fluids and other substanc...

Oilfield services company Wood Group sees rough road

Feb 21, 2017 (UPI)

Even though financial performance was as expected, oilfield services company Wood Group said it expected only a few market bright spots for 2017. The company re...

BHP Billiton confident about oil prices

Feb 21, 2017 (UPI)

As his company returns to profit, the head of Australian company BHP Billiton said he was confident about the long-term outlook for oil prices in particular. Th...

U.S. gas prices holding steady

Feb 21, 2017 (UPI)

Weak consumer demand is offsetting volatility with oil prices and leaving retail gasoline markets relatively unchanged in the United States, analysis finds. Con...