OIL - AFRICA DAILY

Gulf Keystone Petroleum mulls rocky road

Mar 17, 2016 (UPI)

Under pressure from low oil prices, Kurdish-focused explorer Gulf Keystone Petroleum said it may start to see its reserve base decline without more spending. "I...

Oil sticking above $40 per barrel

Mar 17, 2016 (UPI)

Shimmers of economic optimism from the United States and growing support for production caps gave crude oil prices a lift above $40 per barrel Thursday. Brent a...

Gazprom Neft expects more oil from Arctic

Mar 17, 2016 (UPI)

Russian oil company Gazprom Neft said it revised a production schedule to dramatically boost output from a field in the Arctic north of the country. Revised by ...

Canada sees new potential for shale gas

Mar 17, 2016 (UPI)

A federal and provincial study finds a shale natural gas basin in the northwest region of Canada is one of the largest known reserves in the world. The federal ...

How to get a handle on potential risks posed by fracking fluids

Mar 17, 2016 (SPX)

The latest skirmishes over hydraulic fracturing in Florida and California are, at their core, about water. Many fracking-related spills have been recorded, and ...

Lower oil prices lead to higher CO2 emissions

Mar 17, 2016 (SPX)

If the price of oil decreases, carbon dioxide emissions increase. This is what two Spanish scientists claim after comparing the relationship between air polluti...

Statoil and Forum Equity to expand operations to global renewable markets

Mar 17, 2016 (SPX)

United Wind has announced that it has closed an $8M Series B financing led by Statoil Energy Ventures and Forum Equity Partners. This financing enables United W...

Shell, Saudi Aramco split assets

Mar 17, 2016 (UPI)

The state-controlled Saudi Arabian Oil Co. is taking over assets from a partnership formed 18 years ago, including a Texas refinery, Royal Dutch Shell said. Roy...

Pitching gas against coal

Mar 17, 2016 (SPX)

Using natural gas instead of coal or oil in electricity generation could have a significant effect on net carbon emissions into the atmosphere. By contrast, the...

Kenya yields oil for Tullow

Mar 16, 2016 (UPI)

Africa-focused energy company Tullow Oil said it made its most significant find yet in a northern Kenyan reserve area not previously known to hold oil. Tullow s...

Oil prices higher on growing interest in production cut

Mar 16, 2016 (UPI)

Growing support for a coordinated production agreement to stabilize energy markets lifted crude oil prices Wednesday after two straight days of decline. Russian...

Libyan oil output has yet to recover

Mar 16, 2016 (UPI)

A survey of oil production from Libya shows the country remains far below its peak capacity levels posted more than five years ago, before the Arab Spring. Ener...

Electricity, heating most climate-friendly uses for natural gas

Mar 16, 2016 (SPX)

Rice University researchers have determined a more effective way to use natural gas to reduce climate-warming emissions would be in the replacement of existing ...

White House explains Atlantic drilling move

Mar 16, 2016 (UPI)

Military interests and concerns from coastal communities were factors influencing a decision on drilling in the Atlantic Ocean, a White House spokesman said. Th...

Russian oil producer gains foothold in Kurdish Iraq

Mar 15, 2016 (UPI)

Russian oil producer Gazprom Neft said it was taking a stronger hold over reserves in the Kurdish north of Iraq by assuming control of the area's Sarqala field....

Oil drifts further away from $40 per barrel

Mar 15, 2016 (UPI)

Demand uncertainties and continued speculation over production levels pushed crude oil prices into negative territory for the second straight day Tuesday. Crude...

IMF sees oil price risk for Algeria

Mar 15, 2016 (UPI)

The International Monetary Fund warned Algeria's government that deep structural reforms are necessary to buffer against pressure from low oil prices. Algeria h...

Retail gas prices moving sharply higher

Mar 15, 2016 (UPI)

A spike in oil prices, coupled with seasonal events at U.S. refineries, means gas prices should increase for consumers, but savings remain, analysis finds. Moto...

Almost half of new U.S. oil from fracking

Mar 15, 2016 (UPI)

Nearly half of the oil produced in the United States came as a result of hydraulic fracturing last year, the U.S. Department of Energy said. The department's U....

Atlantic to be free from drilling

Mar 15, 2016 (UPI)

With Washington poised to pull the Atlantic Ocean off the oil and gas drilling list, environmentalists declared victory after their hard preservation efforts. T...