OIL - AFRICA DAILY

Attacks on Iraq gas facility, oil field kill five

Jul 31, 2016 (AFP)

Militants assaulted a gas facility and a nearby oil field in north Iraq on Sunday, killing five people in rare attacks inside Kurdish-controlled areas of Kirkuk...

Eni retools organizational structure amid loss

Jul 29, 2016 (UPI)

While swinging to a loss in its quarterly report, Italian energy company Eni said it was moving more controls to its chief executive to retool risk structures. ...

Oil prices lower on U.S. GDP figures

Jul 29, 2016 (UPI)

A low estimate of U.S. gross domestic product and steep losses from some of the world's biggest energy companies sent crude oil prices down early Friday. U.S. s...

European gas pipeline group defends record

Jul 29, 2016 (UPI)

A report calling for European scrutiny over a pipeline slated to run through southern Europe is riddled with inaccuracies, a gas pipeline consortium said. A rep...

Statoil pays $2.5 billion to move deeper into Brazil

Jul 29, 2016 (UPI)

After a dismal earnings report, Norwegian energy company Statoil said it secured a stake in an oil basin off the coast of Brazil from the nation's oil company. ...

Exxon's earnings down 60 percent

Jul 29, 2016 (UPI)

Estimated quarterly earnings for Exxon Mobil Corp. were down about 60 percent from last year, the company said, pointing to sharply lower energy prices. Exxon r...

DNO makes offer for Kurdish rival, Gulf Keystone

Jul 29, 2016 (UPI)

DNO, a Norwegian oil and gas company with strong Iraqi assets, said Friday it made a $300 million bid for Gulf Keystone Petroleum, which is restructuring debt. ...

Fire-damaged Canadian municipality lent a hand

Jul 29, 2016 (UPI)

The municipality of Wood Buffalo said it was getting a support package from the provincial government of Alberta two months after fires shut in oil production. ...

Canadian wildfires curb Enbridge quarterly profits

Jul 29, 2016 (AFP)

Canadian pipeline giant Enbridge Inc. on Friday announced a sharp decline in second-quarter profits, hurt by curtailed production following May's forest fires i...

Baker Hughes: Only posting a 10 percent loss is good

Jul 28, 2016 (UPI)

All things considered, a 10 percent decline in revenue for the second quarter is encouraging, the top executive at oilfield services company Baker Hughes said. ...

Conoco sees production falter after Canadian fires

Jul 28, 2016 (UPI)

North American energy giant ConocoPhillips said second quarter production was lower in part because of the impact of wildfires this year in Canada. Conoco said ...

Texas crude oil production down from last year

Jul 28, 2016 (UPI)

Total crude oil production in Texas recorded nearly a 3 percent decline year-on-year for May, a state energy regulator reported. The Railroad Commission of Texa...

Oil prices moving lower on market sentiment

Jul 28, 2016 (UPI)

Crude oil prices searched for momentum in early Thursday trading amid uncertainty about the prospects for major energy market recovery. Goldman Sachs in a resea...

Shell focusing on 'lasting changes'

Jul 28, 2016 (UPI)

Lower crude oil prices continue to present problems for the industry and Shell is now focused on retooling efforts, the chief executive officer said. "We are ma...

Husky coordinating with Saskatchewan oil spill response

Jul 28, 2016 (UPI)

Husky Energy said it has more than 400 people on the ground in Saskatchewan responding to an oil spill and committed itself to a transparent investigation. Abou...

Hess reports loss, but preformed better than last year

Jul 27, 2016 (UPI)

Lower production and a lower selling price for oil meant a loss for the second quarter, though Hess Corp. said results were better than last year. "We remain co...

Woodside contracts for major Australian oil field evolving

Jul 27, 2016 (UPI)

Securing a deal to help develop an oil field offshore Australia that's the target of a $1.9 billion investment shows wins are still available, Technip said. The...

Statoil keeping production expectations in place

Jul 27, 2016 (UPI)

Even though low oil prices resulted in weak earnings, Norwegian energy company Statoil said it was keeping its production expectations unchanged for the year. T...

Oil prices mixed as investors weigh latest earnings

Jul 27, 2016 (UPI)

Lackluster earnings reports out early Wednesday balanced against assessments on the market trajectory to leave crude oil prices in mixed territory. Hess Corp. a...

A 'smart dress' for oil-degrading bacteria

Jul 27, 2016 (SPX)

Bionanotechnology research is targeted on functional structures synergistically combining macromolecules, cells, or multicellular assemblies with a wide range o...