OIL - AFRICA DAILY

Australian oil company appoints Cuban director

Jul 08, 2016 (UPI)

After showing the potential for significant oil production in Cuba, MEO Australia Ltd. said it was now appointing a country director to Havana. The company, whi...

Venezuela opposition asks for Vatican mediation

Jul 08, 2016 (AFP)

Venezuela's opposition coalition on Thursday called for the Vatican to join an international mediation effort with the government, but said it would not back do...

IEA: Investments in energy down across the board

Jul 07, 2016 (UPI)

Investments in the energy sector, including investments in a low-carbon future, are down because of lower oil prices, the International Energy Agency said. The ...

Genel reviews Kurdish oil output

Jul 07, 2016 (UPI)

Iraqi-focused oil company Genel Energy said it lowered its outlook for production from one of its key assets in the Kurdish north of the country. Genel, which l...

Niger Delta Avengers strike Chevron infrastructure

Jul 07, 2016 (UPI)

A Nigerian militant group maintained it was not negotiating a suspension to hostilities with the government, claiming responsibility for an attack on Chevron. T...

Saipem tapped for work in giant gas field offshore Egypt

Jul 07, 2016 (UPI)

One of the most significant parts of a package of deals worth more than $1.5 billion is for a contract tied to a gas field offshore Egypt, Italy's Saipem said. ...

House leader fed up with Exxon climate probe

Jul 07, 2016 (UPI)

Legal force may be needed to compel state attorneys general and environmental groups to clarify their climate charges against Exxon Mobil, a House leader said. ...

Oil, gas worker strike averted in Norway

Jul 07, 2016 (UPI)

Strike action that would have impacted production offshore Norway has been averted after a deal was reached on pay rates, a labor union said Thursday. Mediators...

Oil rallies on short-term easing in U.S. unemployment

Jul 07, 2016 (UPI)

Despite underlying economic and supply-side pressures, crude oil prices rallied in early Thursday trading in response to positive U.S. labor news. The U.S. Labo...

Niger Delta Avengers suspended from Twitter

Jul 06, 2016 (UPI)

A militant group targeting oil companies in the Niger Delta said its social media account was suspended and observers should be on the lookout for imposters. Th...

Oil prices fall sharply for second straight day

Jul 06, 2016 (UPI)

Supply-side pressures returned for a second straight day to pull oil prices lower Wednesday, with $50 per barrel fading further away from view. Crude oil prices...

Paper: Decline of British oil and gas sector may bring jobs

Jul 06, 2016 (UPI)

Training in related sectors, and work on decommissioning oil and gas projects could help keep the workforce healthy, a British policy paper said. "The industry ...

Tullow proposes bonds for African programs

Jul 06, 2016 (UPI)

Tullow Oil said Wednesday it was proposing a bond offering to help raise new capital for investments in its pioneer basins off the coast of Africa. Due in 2021,...

Kazakhstan: Tengiz oil a vote of confidence

Jul 06, 2016 (UPI)

A commitment to expand operations at one of the largest oil fields in Central Asia is a testament to investor confidence, the Kazakh oil minister said. Chevron,...

Pennsylvania to get power from shale gas

Jul 06, 2016 (UPI)

A Houston-based oil and gas company working primarily in U.S. shale basins said it signed a 10-year deal to supply natural gas for a Pennsylvania power plant. C...

Russian reserve fund may be depleted in 2017

Jul 06, 2016 (UPI)

With the Kremlin touting resiliency in the era of lower oil prices, Russia's deputy finance minister said Wednesday the government reserve funds may run dry. Th...

Oil losses mount as world markets hit by Brexit woe

Jul 06, 2016 (AFP)

Oil prices fell further in Asian trade Wednesday, tracking losses across equities and currency markets as fresh fears about the impact of Britain's exit from th...

Venezuela president vows military boost to fight crisis

Jul 05, 2016 (AFP)

Venezuela's President Nicolas Maduro said Tuesday the country must boost its military might, as he fends off attempts to remove him from office. "Military power...

Paper: OPEC worked to derail U.S. shale

Jul 01, 2016 (UPI)

Members of the Organization of Petroleum Exporting Countries altered their behavior to limit the role of U.S. shale oil producers, a Norwegian paper found. "The...

Holiday, Brexit cloud, pull oil prices lower

Jul 01, 2016 (UPI)

Light trading ahead of a long U.S. holiday and lingering concerns about the prospects for the British and European economies pulled oil slightly lower Friday. G...