OIL - AFRICA DAILY

Mar 22, 2016 (UPI)

Oklahoma's governor expressed condolences after the passing of Lew Ward, an oil pioneer she said helped vault the state to a lead production position. Lew Ward,...

Oil trader Vitol 'extremely cautious' about market

Mar 22, 2016 (UPI)

Given the trajectory in the crude oil market, oil trader Vitol said Tuesday it was taking an "extremely cautious" approaching moving forward. "This current envi...

U.S. gas prices move toward seasonal high

Mar 22, 2016 (UPI)

U.S. refinery issues and recovery for oil prices means retail gasoline prices are closing in on their highest levels since December, market analysis finds. Moto...

New Zealand offering more oil, gas acreage

Mar 21, 2016 (UPI)

Though oil and gas remains a vital component of the New Zealand economy, the country's energy minister said development won't come recklessly. The government in...

North Dakota rig count remains steady

Mar 21, 2016 (UPI)

As crude oil prices hold relatively stable, North Dakota, the No. 2 oil producer in the nation, saw its rig count hold steady from last week, state data show. T...

Norway's economy down on lower oil prices

Mar 21, 2016 (UPI)

The low price of crude oil means Norway's economy is the weakest it's been since the global recession, though the situation is not critical, the government said...

Lundin Petroleum secures line of credit

Mar 21, 2016 (UPI)

Swedish energy company Lundin Petroleum said it secured a line of credit to ensure smooth operations during an era of lower crude oil prices. Lundin, which has ...

OMV shores up position offshore Abu Dhabi

Mar 21, 2016 (UPI)

Austrian energy company OMV said it was teaming up with partners in Abu Dhabi, United Arab Emirates, and the United States to explore oil and gas fields in Midd...

Chevron makes LNG debut for Gorgon project

Mar 21, 2016 (UPI)

U.S. energy company Chevron said it was now generating revenue from its Gorgon liquefied natural gas project in Australia with the delivery of its first cargo. ...

Hydrocarbon storage, fracking and lightning risk

Mar 21, 2016 (SPX)

Fires caused by lightning strikes on hydrocarbon storage plants are a century-old, yet to be addressed, problem, according to research published in the Internat...

Oil moves higher on Chinese sentiment

Mar 21, 2016 (UPI)

Positive sentiments about Chinese economic policy from the International Monetary Fund helped lift crude oil prices in early Monday trading. Crude oil prices mo...

TransCanada grabs North American gas portfolio

Mar 18, 2016 (UPI)

Pipeline company TransCanada said the $10.2 billion acquisition of a regional rival could make it the largest natural gas transmitter in North America. TransCan...

Transocean frets over market conditions

Mar 18, 2016 (UPI)

Rig company Transocean in a letter to shareholders said it was working to maintain its sector position in what's expected to be a challenging market in 2016. Th...

Crude oil gains, sets 2016 record

Mar 18, 2016 (UPI)

Support for an April meeting on Doha to steady production levels gave crude oil prices a major boost Friday, though economic concerns continue to be a factor. M...

U.S. gasoline demand spiked in February

Mar 18, 2016 (UPI)

Lower energy prices, including for retail gasoline, translated to a rise in U.S. consumer demand in February, the American Petroleum Institute said. The API, wh...

Finland gets backing for LNG development

Mar 18, 2016 (UPI)

The European Commission said Friday it supported Finland's strategy to invest in a small-scale liquefied natural gas terminal as an energy security option. The ...

Algeria gas plant hit by rocket attack

Mar 18, 2016 (AFP)

Suspected jihadists launched a rocket attack Friday on an Algerian gas plant jointly run by foreign companies, three years after a deadly hostage crisis at anot...

Statoil gas facility in Algeria hit by explosive

Mar 18, 2016 (UPI)

Norwegian energy company Statoil said it was dispatching an emergency response team to Algeria following an explosion at one of its gas assets in the country. T...

DNO optimistic about future in Iraq

Mar 18, 2016 (UPI)

Iraqi-focused energy company DNO said its full-year 2015 revenues were down sharply, though its reserve estimate from the region was up 20 percent. DNO, which f...

No more Gulf drilling, advocates say

Mar 17, 2016 (UPI)

As the Obama administration pulls the Atlantic Ocean off a drilling list, activist backers on the southern U.S. coast said they're wary of Gulf of Mexico plans....