OIL - AFRICA DAILY

Aug 08, 2016 (UPI)

North Dakota exploration and production activity moved slightly lower after a steady string of modest gains, state data published Monday show. State data show 3...

German exporters say yet to see big payday from Iran trade

Aug 08, 2016 (AFP)

A hoped-for export bonanza has failed to materialise a year after a deal to lift international sanctions against Iran over its nuclear programme, a German indus...

Demand forecast pulls oil prices higher

Aug 08, 2016 (UPI)

Expectations of a rebound in demand for oil in the latter half of the year sparked a rally in crude oil prices early Monday following a week of uncertainty. "Hi...

Moroccan shale output curbed because of 'earth movement'

Aug 08, 2016 (UPI)

A company working on production of natural gas from shale deposits in Morocco said Monday it closed down some of its operations because of seismic activity. Cir...

Sanchez Energy ups spending target for the year

Aug 08, 2016 (UPI)

Already producing more than last year, U.S. shale player Sanchez Energy said it was increasing its spending plans with big payoffs expected in 2018. Sanchez sai...

Transocean rig strikes ground

Aug 08, 2016 (UPI)

A maritime authority in London said Monday it opened an investigation into Transocean after a rig became loose from a tow and struck ground. The British Marine ...

Protesters clash with police near Iraq oil site

Aug 07, 2016 (AFP)

Hundreds of Iraqis from the southern district of Zubair clashed with security forces Sunday when they attempted to block a road leading to oil fields during a p...

Nigerian army says 11 troops killed in clashes with bandits

Aug 06, 2016 (AFP)

Eleven Nigerian troops have been killed in clashes with gunrunners and bandits in the violence-wracked north central region, the army said Saturday. Military sp...

Wild ride for crude oil prices

Aug 05, 2016 (UPI)

Crude oil prices started Friday in volatile territory after the U.S. government reported the economy added more jobs in July, though key metrics were unchanged....

Russia mulls stronger ties to Iran's energy sector

Aug 05, 2016 (UPI)

Trade relations between Russia and Iran, seen by the Kremlin as a strategic partner, may be bolstered in the energy sphere, the Russian president said. Leaders ...

Report: Oil shipped from war-torn Yemen

Aug 05, 2016 (UPI)

The first shipment of crude oil from Yemen frees up enough storage so that oil production in the east of the country can resume, reports said Friday. Internatio...

Canadian Natural Resources nears 'inflection point'

Aug 05, 2016 (UPI)

After reporting a loss for the second quarter and a decline in output, Canadian Natural Resources said it was on the verge of an "inflection point." One of the ...

Texas somewhat optimistic about growth

Aug 05, 2016 (UPI)

While growth increased in the Texas economy, the oil-rich state still faces significant headwinds because of the energy market downturn, a state economist said....

Canada pulls North American rig count higher

Aug 05, 2016 (UPI)

The North American rig count improved slightly more than 13 percent from June, with Canada showing strides since May wildfires, Baker Hughes data show. Baker Hu...

Transocean outperforms its peers

Aug 04, 2016 (UPI)

In part because of lower maintenance expenses, offshore rig company Transocean said it was able to post a gain in net income for the second quarter. The company...

Continental Resources expecting production gains

Aug 04, 2016 (UPI)

Though reporting both a net loss for the second quarter and declining output, U.S. shale player Continental Resources raised its forecast for production. Contin...

Chesapeake Energy cut debt by $1 billion

Aug 04, 2016 (UPI)

Struggling U.S. shale player Chesapeake Energy said it reported a loss for the second quarter, but reduced debt by more than $1 billion. The company said second...

Russian economic woes spreading beyond borders

Aug 04, 2016 (UPI)

Five straight quarters of economic decline in oil-rich Russia are starting to have a spillover effect on the economies of its neighbors, a data review finds. A ...

Work slated for Barents, North seas

Aug 04, 2016 (UPI)

The Norwegian government said it gave its consent for new oil and natural gas operations offshore in the North Sea and Barents Sea, with Statoil the big winner....

Activists: Midwest pipeline project likely dead

Aug 04, 2016 (UPI)

Environmental groups in the U.S. Midwest claimed a win after an investment decision by pipeline company Enbridge likely ruled out a controversial oil project. E...