OIL - AFRICA DAILY

Jul 19, 2016 (UPI)

Gasoline production in the United States is at an all-time high, pushing retail prices to their lowest point in more than a decade, motor club AAA reports. AAA ...

Gazprom deploys fracking effort

Jul 19, 2016 (UPI)

Hydraulic fracturing of oil reservoirs is part of the long-term goal of making drilling operations more efficient, Russian energy company Gazprom Neft said. Gaz...

API president in Cleveland calls for better energy policies

Jul 19, 2016 (UPI)

With U.S. oil production up more than 80 percent from a decade ago, the American Petroleum Institute called for national leaders to support that momentum. Jack ...

U.S. shale player Sanchez boosts production

Jul 19, 2016 (UPI)

U.S. shale oil and natural gas company Sanchez Energy said, during an era of lower crude oil prices, net production during the second quarter improved. "With th...

Exxon making moves on Papua New Guinea

Jul 18, 2016 (UPI)

Exxon Mobil made a "superior" offer for an acquisition of assets including natural gas deposits in Papua New Guinea, InterOil Corp. announced Monday. InterOil i...

No change in North Dakota rig count

Jul 18, 2016 (UPI)

Following a week of high volatility in crude oil prices, there's been no change in the number of rigs in North Dakota since last week, state data show. State da...

New pipeline entity emerges in Calgary

Jul 18, 2016 (UPI)

Canadian energy company Husky said Monday it closed on the transactions necessary to set up a pipeline company in Alberta and Saskatchewan. Part of Husky's busi...

Iran drafting list of eligible oil and gas vendors

Jul 18, 2016 (UPI)

There are dozens of companies that may qualify to develop Iranian oil and gas fields and a full list will be released in due course, a managing director said. S...

Oil prices sag on British banker's concerns

Jul 18, 2016 (UPI)

Crude oil prices turned sharply lower in Monday trading after a British bank leader said uncertainty surrounding the exit from the EU would affect demand. Major...

Russia extends sympathy to potential energy partner Turkey

Jul 18, 2016 (UPI)

The Russian government views an attempt to undermine the government of its key energy trading partner Turkey as unacceptable, President Vladimir Putin said. Tur...

Oil prices brush off Chinese woes in wake of Nice attack

Jul 15, 2016 (UPI)

European economic and security concerns pushed crude oil prices higher early Friday after overnight losses brought on by weakness in China. French Prime Ministe...

EU proposes funding for Baltic energy diversity

Jul 15, 2016 (UPI)

The bulk of nearly $300 million in new investments could target energy infrastructure projects in the Baltic Sea region, the European Commission said Friday. Me...

Schlumberger in $300 million deal offshore Australia

Jul 15, 2016 (UPI)

More than $300 million in contracts for the upstream side of the energy sector goes toward developing offshore Australia, a division of Schlumberger said. Schlu...

Oklahoma rocked by a week of seismic events

Jul 15, 2016 (UPI)

Shale-rich Oklahoma experienced more than a dozen seismic events in the five days ending Friday, data from the U.S. Geological Survey show. A magnitude-2.7 trem...

Moody's: Oman exposed to economic risk

Jul 15, 2016 (UPI)

The heavy economic reliance on oil and gas for revenue means Oman is more exposed to economic risk that its peers, Moody's Investors Service said. Moody's assig...

Iraqi oil group to restructure debt

Jul 14, 2016 (UPI)

Iraqi-focused energy company Gulf Keystone Petroleum said it appointed a new chairman and was moving ahead with a restructuring option to address debt. Andrew S...

IMF: Russia still facing risk from low oil prices

Jul 14, 2016 (UPI)

Russia's economy returns to modest growth next year, but faces medium-term risks from volatility in crude oil prices, the International Monetary Fund said. An I...

ADB: Gas-rich Papua New Guinea facing declines

Jul 14, 2016 (UPI)

Once seen as an economy buoyed by natural gas resources, the Asian Development Bank said Papua New Guinea is on pace for a severe contraction. The ADB said the ...

Alberta works to green up oil sector

Jul 14, 2016 (UPI)

After allowing energy companies early entry into a royalty scheme, Alberta's government said it formed an advisory panel to address sector emissions. Alberta th...

Woodside grabs more Senegalese oil

Jul 14, 2016 (UPI)

Australian energy company Woodside said it was wading into the waters off the coast of Senegal after acquiring assets from Conoco Philips for $350 million. "We ...