OIL - AFRICA DAILY

Norway's sovereign fund bars US Duke over pollution

Sep 07, 2016 (AFP)

Norway's sovereign wealth fund, the world's biggest, has placed US group Duke Energy and three subsidiaries on its blacklist for causing "unacceptable" environm...

White House: No change in fracking stance since Oklahoma quake

Sep 07, 2016 (UPI)

Federal policies and positions on hydraulic fracturing have not changed in response to a weekend earthquake in Oklahoma, a White House spokesman said. The U.S. ...

Apache Corp. unveils what it sees as a major shale find in Texas

Sep 07, 2016 (UPI)

U.S. shale player Apache Corp. said it increased its spending plans for the year to help the development of what it says is the next big thing in Texas. After m...

Oil prices drifting aimlessly in early Wednesday trading

Sep 07, 2016 (UPI)

Crude oil prices moved in volatile territory early Wednesday as investors waited for key banking and industry data as anticipation over production moves waned. ...

Ecuador begins pumping oil in Amazon nature reserve

Sep 07, 2016 (AFP)

Ecuador began pumping oil Wednesday from a massive field located partly on a protected nature reserve in the Amazon rainforest, drawing criticism from environme...

New genus of bacteria found living inside hydraulic fracturing wells

Sep 07, 2016 (SPX)

Researchers analyzing the genomes of microorganisms living in shale oil and gas wells have found evidence of sustainable ecosystems taking hold there--populated...

House moves to hold oil, gas leases online

Sep 07, 2016 (UPI)

Bipartisan leaders in the U.S. House of Representatives returned from recesses to pass a measure that would move offshore oil and gas leasing to the Internet. T...

Texas energy sector teetering on recovery

Sep 07, 2016 (UPI)

The deep contraction in the Texas oil and gas sector seems to be over, though a full rebound remains elusive, an economist in the state said. A survey of July d...

Oil starts lower after Monday's massive spike

Sep 06, 2016 (UPI)

Slower second quarter growth in the European economy, coupled with a more measured look at production rumors, brought oil prices lower early Tuesday. Crude oil ...

Shell starts new production in Gulf of Mexico

Sep 06, 2016 (UPI)

After taking a partial cash offer for assets in the region, Royal Dutch Shell said it started production at its deepest project yet in the Gulf of Mexico. Shell...

Oil-rich Russia taps into reserve funds

Sep 06, 2016 (UPI)

For the third time this year, the Russian Finance Minister said it pulled money out of its reserve funds in an effort to cover a budget deficit. According to a ...

Iran, OPEC confer ahead of Algerian summit

Sep 06, 2016 (UPI)

Iran's oil minister said Tuesday he met in Tehran with the secretary general of OPEC as major oil producers mull the prospects for market intervention. Oil Mini...

Enbridge works to create North American pipeline giant

Sep 06, 2016 (UPI)

Canadian energy company Enbridge said it was combining with its counterpart Spectra Energy to create what it said was a North American infrastructure giant. In ...

Offshore Senegal still in the investment stage

Sep 06, 2016 (UPI)

Australian energy company FAR Ltd. said it bet heavily on offshore Senegal, though revenue year-on-year was lower by more than 50 percent. FAR is focusing the b...

Statoil again ups stake in Barents Sea

Sep 06, 2016 (UPI)

After stating its intention to move to northern waters, Norwegian energy company Statoil said it strengthened its grip on Barents Sea assets. The Norwegian ener...

Why Wall Street Is Throwing Billions At The Permian

Sep 06, 2016 (SPX)

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The Pe...

Oil spikes on Saudi, Russia joint statement

Sep 05, 2016 (UPI)

Recognizing a tilt to the supply side in the global market for crude oil, Russia and Saudi Arabia said Monday they'd work jointly to diminish volatility. Russia...

Oil bounces on Saudi-Russian pledge to steady prices

Sep 05, 2016 (AFP)

Oil rallied by up to five percent on Monday as top global producers Russia and Saudi Arabia vowed to stabilise the market after meeting at the G20 in China. Sau...

Deal with oil giant helps near-extinct whale recover

Sep 04, 2016 (AFP)

A decade ago, there were just 115 western gray whales left in the world, and their feeding grounds near Russia's Sakhalin Island, north of Japan, were being dri...

Earthquake rocks Oklahoma, key US fracking state

Sep 03, 2016 (AFP)

A strong earthquake struck early Saturday in Oklahoma, where the incidence of temblors has been on the rise amid a boom in controversial hydraulic fracturing to...