OIL - AFRICA DAILY

Mar 07, 2016 (UPI)

The number of rigs in active service in North Dakota, the No. 2 U.S. oil producer, declined from last week despite the recovery in crude oil markets. State data...

Oil prices up on Chinese optimism

Mar 07, 2016 (UPI)

China again pushed market momentum, with weekend economic pledges spilling over to Monday and lifting crude oil prices near the $40 per barrel mark. Chinese Pre...

Gazprom gets loan from Bank of China

Mar 04, 2016 (UPI)

In a first, Russian energy company Gazprom said it secured a five-year loan from the London branch of the Bank of China for more than $2 billion. "For Gazprom t...

Board supervisor at OMV steps down

Mar 04, 2016 (UPI)

A board supervisor at Austrian energy company OMV said he was stepping down now that the foundations are in place for future momentum. OMV is among those compan...

Class-action suit filed against Chesapeake, SandRidge

Mar 04, 2016 (UPI)

Chesapeake Energy and SandRidge energy worked to rig bids and limit competition for oil and gas acreage in Oklahoma, a class-action suit alleges. Dallas-based l...

Build contracts awarded for European gas pipeline

Mar 04, 2016 (UPI)

A pipeline consortium slated to bring non-Russian natural gas through southern Europe said it awarded contracts for pipeline construction in Greece and Albania....

Nigeria breaks up state oil company

Mar 04, 2016 (UPI)

The state-oil company of Nigeria, burdened by corruption and revenue losses, will be split up into dozens of distinct companies, the petroleum minister said. "F...

Oil edges up on production meetings in Moscow

Mar 04, 2016 (UPI)

Speculation surrounding a Moscow meeting of oil producing nations gave a lift to crude oil prices, capping off a week of broad market volatility. Crude oil pric...

Greenpeace: Russia has no appetite to control oil spills

Mar 04, 2016 (UPI)

Following an oil spill in eastern Russia, Greenpeace said oil companies struggling through a market downturn have no appetite to fix aging pipelines. A pipeline...

S.Sudan oil production pollution threatens thousands: monitors

Mar 04, 2016 (AFP)

Dangerous heavy metals used in oil production in war-torn South Sudan have leaked into drinking water sources used by 180,000 people with life-threatening healt...

Eni expands capacity in Iraqi oil

Mar 03, 2016 (UPI)

More capacity was added to operations associated with the Zubair oil and gas field in southern Iraq, Italian energy company Eni said Thursday. Eni and its Zubai...

Woes emerge after Aliso Canyon gas leak stopped

Mar 03, 2016 (UPI)

After stemming a major methane gas leak, Southern California Gas Co. said the air was clear for residents despite a judge ruling against relocation. The company...

Deloitte brass to help lead Hess

Mar 03, 2016 (UPI)

Hess Corp., a U.S. company focused on exploration and production, said a former boss at Deloitte was taking charge with chairman Mark Williams standing down. He...

Oil weakness catching up with Texas

Mar 03, 2016 (UPI)

Oil price weakness is finally catching up with Texas oil producers and contraction is now expected throughout 2016, an industry economist said. Oil field servic...

1,000 barrels of oil spilled in Russia's far east

Mar 03, 2016 (UPI)

A subsidiary of Russian oil company Rosneft said Thursday about 1,000 barrels of oil were spilled at an oil field on Sakhalin Island in Russia's Far East. Rosne...

Iraqi-focused Genel feeling market strains

Mar 03, 2016 (UPI)

Iraqi oil-focused Genel Energy said that, even though production was up 22 percent from 2014, revenues for the year fell 34 percent on oil price weakness. "The ...

Oil drifts lower again on inventory data

Mar 03, 2016 (UPI)

Official data on U.S. crude oil inventories showed an increase, adding to supply-side concerns and sending oil prices lower for a second day Thursday. A rally i...

Shell faces fresh Nigeria pollution claims in London

Mar 02, 2016 (AFP)

Oil giant Royal Dutch Shell came under renewed scrutiny on Wednesday over its environmental record in Nigeria after lawyers brought fresh claims of damage cause...

Statoil to explore offshore Ireland

Mar 02, 2016 (UPI)

Following a successful 2015 auction, Norwegian energy company Statoil said it was building a better position in the emerging reserve potential offshore Ireland....

Tullow Oil may do OK, Moody's says

Mar 02, 2016 (UPI)

The outlook for Africa-focused Tullow Oil is negative, though the company may recover on the back of new Ghanaian operations, Moody's Investors Service said. Mo...