OIL - AFRICA DAILY

Dec 22, 2016 (UPI)

Growth reported Thursday in the U.S. economy helped lift oil prices out of a hole after falling in response to reports of a build in crude oil stockpiles. Oil p...

Schlumberger lands deepwater work

Dec 22, 2016 (UPI)

A subsidiary of oilfield services company Schlumberger said it landed contracts to help manage operations in the U.S. waters of the Gulf of Mexico. The subsidia...

The deepwater horizon aftermath

Dec 22, 2016 (SPX)

The oil discharged into the Gulf of Mexico following the explosion and sinking of the Deepwater Horizon (DWH) rig in 2010 contaminated more than 1,000 square mi...

Total nabs Brazilian pre-salt in Petrobras deal

Dec 22, 2016 (UPI)

French energy company Total said it was building up its prospects in South America in a partnership that gives it access to some of Brazil's biggest oil fields....

Norway's Statoil rolls out more legacy milestones

Dec 22, 2016 (UPI)

Following an uptick in oil production, and after boasting of legacy output this week, Norway's Statoil said one of its fields has passed 2 billion barrels. Expl...

Texas oil production not rebounding yet

Dec 22, 2016 (UPI)

Texas, the No. 1 oil producer in the United States, reported crude oil production edged slightly lower than the previous month based on preliminary data. Strain...

Oil, non-oil revenue rise for Saudi Arabia

Dec 22, 2016 (UPI)

Saudi Arabia said it was making progress on economic reforms aimed at correcting a deficit, with both oil and non-oil revenue increasing in 2017. In a document ...

Libya sets sights on build in oil production

Dec 21, 2016 (UPI)

A national oil company in Libya said two major oil fields are now reconnected to pipeline infrastructure and oil is flowing freely for the first time in years. ...

Oil and the Arctic: what is at stake

Dec 21, 2016 (AFP)

A US-Canadian move to block new leases for oil or gas drilling in sovereign Arctic waters is designed to protect an area already severely disrupted by climate c...

Russia sees oil markets balanced in late 2017

Dec 21, 2016 (UPI)

Only when crude oil markets balance out in the second half of next year can major players starting talking about market recovery, Russia's oil minister said. An...

Statoil boasts of endurance at legacy oil assets

Dec 20, 2016 (UPI)

An oil field on the Norwegian continental shelf reached its 1 billionth barrel and has at least eight years left for production, energy company Statoil said. St...

California officials challenge fracking off coastline

Dec 20, 2016 (AFP)

California's chief prosecutor and an environmental commission on Monday filed a lawsuit challenging an assessment by federal authorities that clears the way for...

Signs of balance lift oil prices higher

Dec 20, 2016 (UPI)

An expected draw on U.S. crude oil inventories help erased a brief downturn for crude oil prices, but momentum could be influenced by year-end movements. A rese...

Obama moves to tie Trump's hands on Arctic, Atlantic drilling

Dec 20, 2016 (AFP)

The White House blocked new leases for oil and gas drilling in sections of the Arctic and Atlantic Tuesday, a high-stakes bid to forestall exploration and tie D...

Gas prices moving higher alongside oil prices

Dec 20, 2016 (UPI)

U.S. gasoline prices continue to rise along with crude oil, though some refinery issues and supply levels could create some fluidity, a retail market report fin...

Chesapeake says it's ready for recovery after big divestments

Dec 20, 2016 (UPI)

Struggling shale company Chesapeake Energy said Tuesday it was anticipating a recovery next year after releasing a good portion of its non-core gas assets. The ...

Additional drilling slated for Leviathan gas field

Dec 19, 2016 (UPI)

Partners behind one of the largest natural gas fields in the Mediterranean Sea said they're planning more drilling with the aim of starting production in 2019. ...

Wood Mackenzie: Shale wins with OPEC deal

Dec 19, 2016 (UPI)

Recovery in oil prices following an OPEC agreement to trim production should help stimulate oil activity in shale plays in the United States, analysis finds. Cr...

More drilling scheduled in Barents Sea

Dec 19, 2016 (UPI)

A Norwegian energy regulator said Italian energy company Eni is the next in line to start drilling operations in the Barents Sea. The Petroleum Safety Authority...

Oil prices decline on production questions

Dec 19, 2016 (UPI)

Crude oil prices drifted lower in early Monday trading as questions lingered over whether or not parties to an OPEC agreement were playing ball. Members of the ...