OIL - AFRICA DAILY

Oct 02, 2016 (UPI)

Maritime travel company Carnival Corp. said Monday it signed a deal to power its cruise ships with liquefied natural gas from Dutch energy company Shell. Carniv...

Russian oil company shares up on privatization talk

Oct 02, 2016 (UPI)

Shares in Russian oil company Bashneft spiked in Monday trading on word the company may go private in a matter of weeks, Russian media reported. Russian news ag...

Marathon Oil sells U.S. acreage

Oct 02, 2016 (UPI)

U.S. energy major Marathon Oil said Monday it signed a deal to sell off some of its non-core assets in the southern United States for $235 million. To an undisc...

Tullow covered for more losses offshore Ghana

Sep 30, 2016 (UPI)

Insurance will cover the loss of production and claims regarding the interruption of business at one of West Africa's biggest oil fields, Tullow Oil said. Tullo...

Oil prices extend rally into third straight session

Sep 30, 2016 (UPI)

Crude oil prices started Friday in a weak rally as market sentiments offset analyst expectations about production talks that sparked a surge earlier this week. ...

Where will oil prices go after Algiers

Sep 30, 2016 (SPX)

Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to ...

Russian deficit hinges on oil privatization

Sep 30, 2016 (UPI)

The budgetary strains dragging on the Russian economy could be relieved in part through the privatization of oil companies, a minister said Friday. Russian Fina...

India investing in offshore reserves

Sep 30, 2016 (UPI)

India's oil and gas corporation said Friday it was planning to spend just over $5 billion to develop reserves locked in deep national waters. The company said t...

Lundin: More hope for Barents Sea reserves

Sep 30, 2016 (UPI)

New drilling operations in the Barents Sea confirmed the possibility exists for the region to be a commercial success, Lundin Petroleum said. The company, which...

New Norwegian energy major emerges

Sep 30, 2016 (UPI)

A company that moves under the umbrella of British energy company BP said a merger that creates a new Norwegian energy major closed as of Friday. A Norwegian su...

Texas energy sector remains depressed

Sep 29, 2016 (UPI)

Remnants of a slump in the oil and gas sector are still evident in the Texas economy even as signs of improvement emerge, a bank survey found. A survey of busin...

Statoil asked for quick response to oil spill probe

Sep 29, 2016 (UPI)

Norwegian energy company Statoil has about a month to explain how it will address deficiencies that led to a minor oil spill last year, a regulator said. Statoi...

Analysts: OPEC cap more show of force than game-changer

Sep 29, 2016 (UPI)

A move by OPEC to call for a cap on oil production shows the group is still relevant, though the decision doesn't do much for market dynamics, analysts said. Me...

Maersk taps into giant British gas field

Sep 29, 2016 (UPI)

Danish energy company Maersk Oil said it started drilling the first production well from a field that's expected to meet 5 percent of British demand for gas. Ma...

Oil price rally stalls day after OPEC maneuvering

Sep 29, 2016 (UPI)

A day after one of the sharpest rallies for oil prices, markets struggled early Thursday as traders digested the nuances of the latest OPEC maneuver. Crude oil ...

U.S. aims to protect marine ecosystems from offshore work

Sep 29, 2016 (UPI)

The U.S. government said it was offering up new proposals aimed at protecting marine mammals and coastal environments from some offshore energy work. "The Burea...

Saudi navy to hold Gulf exercises amid Iran tensions

Sep 28, 2016 (AFP)

Saudi Arabia's navy will hold exercises in the Gulf and the strategic Strait of Hormuz early next week, the navy chief said on Wednesday, as tensions simmer wit...

Satellites help link Texas earthquakes to wastewater injection, Stanford scientist says

Sep 28, 2016 (SPX)

A 4.8 magnitude earthquake that rattled residents and damaged buildings in East Texas in 2012 was triggered by the injection of large volumes of wastewater from...

Amid freeze talks, Russia expects more oil production

Sep 28, 2016 (UPI)

An official at Russian oil company Rosneft said oil production from a field in the Far East could increase by as much as 20 percent next year. According to Russ...

Norwegian company closing down gas field

Sep 28, 2016 (UPI)

Norwegian energy company Statoil said it pulled out of a rig contract early as decommissioning of a North Sea gas field moves ahead of schedule. The company sai...