OIL - AFRICA DAILY

Aug 03, 2016 (UPI)

The sale of the only oil refinery in Ireland to a Canadian company is a win for the country's energy security, the Irish climate minister said Wednesday. For an...

Oil-rich North Dakota touts pro-business ranking

Aug 03, 2016 (UPI)

With the governor calling for tighter purse strings, the oil-rich state of North Dakota said it had one of the strongest business environments in the country. F...

Enbridge, Marathon grab Bakken oil pipeline

Aug 03, 2016 (UPI)

Canadian energy company Enbridge said it was footing the bulk of the bill to acquire a pipeline system that it said would give it access to the U.S. Gulf Coast....

Lundin Petroleum sees rosy future

Aug 03, 2016 (UPI)

Now part-owned by Norwegian energy giant Statoil, Sweden's Lundin Petroleum offered forward-looking optimism after reporting a second quarter loss. Lundin repor...

Oxy takes a rare loss

Aug 03, 2016 (UPI)

The world's largest independent oil explorer, Occidental Petroleum, said production increased 3.2 percent from the first quarter, but financial losses mounted. ...

Indonesian farmers launch class action over oil spill

Aug 03, 2016 (AFP)

Indonesian seaweed farmers launched a Aus$200 million class action Wednesday over a major oil spill in Australia, claiming the blow-out devastated their livelih...

Oil prices have another go at a rally

Aug 03, 2016 (UPI)

Crude oil prices tried again Wednesday to pull out of a protracted retreat as strong labor figures in the United States bolstered early market confidence. Oil s...

Gulf Keystone Petroleum moving on restructuring

Aug 02, 2016 (UPI)

The target of a takeover bid, Iraqi oil player Gulf Keystone Petroleum said most of the parties with an interest in the company are in favor of restructuring. "...

Offshore drillers less-than optimistic

Aug 02, 2016 (UPI)

After idling some rigs in an effort to cut costs during the second quarter, Diamond Offshore said its optimism about a market recovery was somewhat low. The rig...

Report: Trump has 'work to do' on grasp of energy

Aug 02, 2016 (UPI)

Despite getting public support from one of the biggest names in oil, Republican presidential candidate Donald Trump has work to do, reports found. At a keynote ...

Oil prices recover after Monday's nosedive

Aug 02, 2016 (UPI)

Emerging sentiment about a slow, but steady, recovery in the market for crude oil helped prices recover Tuesday from a brief drop below $40 per barrel. Crude oi...

AAA: Low gas prices mask regional issues

Aug 02, 2016 (UPI)

Retail gasoline prices in the United States remain at historic lows, though regional intercontinental dynamics make for a fluid situation, AAA reported. The U.S...

Iran looking for oil middle men

Aug 02, 2016 (UPI)

A middle man may be necessary to facilitate crude oil deliveries from Iran to the international market, a national petroleum official said from Tehran. Mohsen Q...

Transocean consolidates business structure

Aug 01, 2016 (UPI)

Rig company Transocean said it consolidated its holdings and said Monday it grabbed a majority interest in three additional offshore drilling assets. Transocean...

Low growth in Japan spills over to ding oil prices

Aug 01, 2016 (UPI)

Slow economic recovery in Japan coupled with a potential build in crude oil supplies dragged oil prices sharply lower in the first full trading day of August. T...

North Dakota rig count continues to rise

Aug 01, 2016 (UPI)

Ahead of a special legislative session to review the state budget, North Dakota state data show a modest recovery underway in oil and gas exploration activity. ...

Rouhani: Iran's post-sanctions era revolutionary

Aug 01, 2016 (UPI)

With options for oil and natural gas expanding, Iranian President Hassan Rouhani said a joint nuclear agreement has strengthened the country's independence. Ira...

Norway's Statoil sheds Marcellus shale acreage

Aug 01, 2016 (UPI)

For $96 million, and following a weak earnings report, Norwegian energy company Statoil said it was getting rid of some of its gas assets in the United States. ...

Islamic State attacks Iraqi oil and gas facilities

Aug 01, 2016 (UPI)

Kurdish military leaders confirmed to Arab media the Islamic State terror group was responsible for attacks on oil and gas installations in northern Iraq. Suici...

Safety is attractive, British offshore group says

Aug 01, 2016 (UPI)

A struggling British offshore oil and natural gas sector held out its safety record as a critically important feature in the post-Brexit era. "Safety critical m...