OIL - AFRICA DAILY

Apr 18, 2016 (UPI)

A Norwegian subsidiary of British energy company Centrica said it unloaded some of its assets in Norwegian waters following a portfolio review. Retroactive to J...

ExxonMobil, Rockefellers face off in climate battle

Apr 18, 2016 (AFP)

US energy giant ExxonMobil is facing an onslaught from environmentalists and some shareholders alleging it hid what it knew about the effects of fossil fuels on...

Ecuador energy infrastructure safe

Apr 18, 2016 (UPI)

Despite the devastation from a magnitude-7.8 earthquake, Ecuador's government said that most of its energy infrastructure was spared major damage. More than 270...

North Dakota rig count at historic low

Apr 18, 2016 (UPI)

At 29, the rig count in North Dakota, the No. 2 oil producer in the United States, is at its lowest level in more than a decade, state data show. Rig counts ser...

British shale oil may be ready to boom

Apr 18, 2016 (UPI)

The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation's economy, a study finds. U.K. Oil & Gas Inves...

Fossil fuels could be phased out in ten years

Apr 15, 2016 (UPI)

Researchers suggest the Earth's fossil fuel addiction could be kicked in less than a decade. Scientists at the University of Sussex looked at previous energy tr...

Goodrich Petroleum files for bankruptcy

Apr 15, 2016 (UPI)

U.S. energy company Goodrich Petroleum Corp. announced Friday it filed for bankruptcy protection in an effort to erase $400 million in debt. "Through the Chapte...

U.S. offshore oil and gas industry under microscope

Apr 15, 2016 (UPI)

With new offshore rules in place, a U.S. energy group said jobs and safety are at risk, though environmentalists said the BP spill in 2010 was still impactful. ...

Crude oil prices take it on the chin

Apr 15, 2016 (UPI)

Pessimism from the World Bank, coupled with jitters ahead of a weekend meeting for oil producers in Doha, pushed the price of crude oil sharply lower Friday. Pa...

Alberta tightens purse strings

Apr 15, 2016 (UPI)

The provincial government of Alberta said it was freezing salaries and dissolving commissions in an effort to address a budget crises sparked by low oil prices....

Kerosene subsidies slow transition to clean energy

Apr 15, 2016 (SPX)

Billions of people around the world rely on polluting and inefficient kerosene lamps for household lighting. Yet transitioning away from kerosene and reducing t...

Clinton, Sanders spar over fracking

Apr 15, 2016 (UPI)

Hillary Clinton said gas from shale is the bridge to a cleaner future, though rival Bernie Sanders said embracing fossil fuels was the wrong policy move. CNN ho...

Vote of confidence for Senegal's oil potential

Apr 15, 2016 (UPI)

A new infusion of cash is a testament to the strength of emerging reserves offshore Senegal at a time when finances are hard to find, FAR Ltd. said Friday. The ...

BP reviews stability of dividends

Apr 14, 2016 (UPI)

British energy company BP said it expected the oil market to be on the road to recovery, but maintained it was keeping a close eye on its financial framework. "...

Climate claims pile up on U.S. energy industry's door

Apr 14, 2016 (UPI)

The U.S. oil and gas industry was working as early as the 1940s to spin the narrative on the role fossil fuels influenced the climate, a report finds. A series ...

Life left for oil and gas in Norway, regulator says

Apr 14, 2016 (UPI)

The Norwegian government said it was placing an emphasis on the long view for the potential for offshore oil and gas production during the market downturn. "The...

Biggest sovereign fund excludes 52 coal-related groups

Apr 14, 2016 (AFP)

Norway's sovereign wealth fund, the world's biggest, has excluded 52 coal-related companies in line with new ethical guidelines barring it from investing in suc...

Oil prices edge higher on mixed market signals

Apr 14, 2016 (UPI)

Modest improvements in the European economy balanced against sentiments on market trajectory from the IEA, giving oil prices a slight lift early Thursday. Crude...

Oil finances nearly severed for Islamic State

Apr 14, 2016 (UPI)

Thousands of airstrikes against Islamic State targets in Iraq and Syria have curbed the group's ability to fund operations through oil, the White House said. As...

Gulf of Mexico a short-term bright spot for oil

Apr 13, 2016 (UPI)

The U.S. Gulf of Mexico may return as the primary source of additions to crude oil production as onshore production fades, a federal report finds. A short-term ...