OIL - AFRICA DAILY

Modest spike for gas prices before fall drop off

Sep 13, 2016 (UPI)

Short-term spikes aside, retail gasoline prices in the United States should be moving lower as refiners switch to a cheaper blend, market analysis finds. Motor ...

Hess: North Dakota ready once oil prices recover

Sep 12, 2016 (UPI)

The oil price recovery isn't quite strong enough to support a program targeting production growth from North Dakota, energy company Hess Corp. said Hess last ye...

MEO Australia aims to focus more on Cuba

Sep 12, 2016 (UPI)

Selling off parts of its holdings in a potentially lucrative basin off the coast of Australia will help fund opportunities in Cuba, MEO Australia said. Billing ...

Supply estimates drag oil prices lower early Monday

Sep 12, 2016 (UPI)

Crude oil prices continued their downward slide as market watchers took stock Monday of production estimates from countries outside of OPEC. The Organization of...

OPEC revises Russian oil output estimate higher

Sep 12, 2016 (UPI)

With oil production on pace to increase through the year, economists at OPEC said Russia's economy is already on a clear road to modest recovery. In its monthly...

Millions paid to Kurds, oil player says

Sep 12, 2016 (UPI)

More than $100 million was paid out to the Kurdish government as part of a production-sharing contract, struggling Gulf Keystone Petroleum said. The company sai...

Grip tightens on Papua New Guinea gas

Sep 12, 2016 (UPI)

Grabbing a tighter hold over license areas off the coast of Papua New Guinea means a better stake in liquefied natural gas, Oil Search Ltd. said Monday. The com...

Oil prices plummet after Thursday's spike

Sep 09, 2016 (UPI)

A day after a data-driven spike, crude oil prices reversed course in early Friday trading as Russia's energy minister pushed production talks off the table. Dat...

Dakota pipeline protesters call for peace on judgment day

Sep 09, 2016 (UPI)

With a court decision looming, and the National Guard on hand, a tribe protesting an oil pipeline from North Dakota said it was calling for peace. The Standing ...

Potential for more oil found in British waters

Sep 09, 2016 (UPI)

A "very significant" reservoir of oil was uncovered during a pilot program in British waters west of the Shetland Islands, a British-based company said Friday. ...

US seeks halt to work on pipeline opposed by Native Americans

Sep 09, 2016 (AFP)

The US government on Friday sought to stop construction on a controversial oil pipeline in North Dakota that has angered Native Americans, blocking any work on ...

Nigeria says to borrow from World Bank, China, Japan

Sep 08, 2016 (AFP)

Nigeria's presidency on Thursday said it had approved an external borrowing plan after the cash-strapped African economy plunged into official recession. "Low c...

Oil-rich Alberta unveils jobs package

Sep 08, 2016 (UPI)

The provincial Canadian government in oil-rich Alberta said it was pushing forward with a jobs plan as the region's economy drags down the nation. The federal B...

Gazprom gets permits for Turkish gas pipeline

Sep 08, 2016 (UPI)

Russian energy company Gazprom said it received the first permits from the Turkish government to start implementing a new natural gas pipeline project. Through ...

Payrolls down for shale-rich Texas

Sep 08, 2016 (UPI)

Manufacturing, an economic backstop in shale-rich Texas, is witnessing a drop in payrolls in an otherwise mixed bag, the Federal Reserve Bank of Dallas said. "E...

Rig counts up, but still lower than last year

Sep 08, 2016 (UPI)

Exploration and production activity in North America is on the rise, but still far below the levels seen last year, data from Baker Hughes show. Baker Hughes sa...

Oil prices extend rally after ECB rate stand-still

Sep 08, 2016 (UPI)

Oil prices, already rising in response to a decline in U.S. production estimates, rallied further on Thursday after the European Central Bank stood still. "Our ...

Energy sector job losses mount for Norway

Sep 08, 2016 (UPI)

The government of Norway said Thursday the number of jobs tied to the production of oil and natural gas declined during the second quarter. In total, the govern...

American Indians united by oil pipeline fight

Sep 08, 2016 (AFP)

Drive on a state highway along the Missouri River, amid the rolling hills and wide prairies of North Dakota, and you'll come across a makeshift camp of Native A...

Tribe not satisfied with brief halt to Dakota Access pipeline

Sep 07, 2016 (UPI)

A tribal group protesting a pipeline that is to carry oil from North Dakota said it was disappointed the project was still going forward despite a temporary del...