OIL - AFRICA DAILY

Feb 24, 2016 (UPI)

Danish energy company Maersk Oil said it was taking a stronger position in operations in emerging oil prospects in Kenya and Ethiopia. Maersk said it completed ...

Shale player Encana cuts spending plans

Feb 24, 2016 (UPI)

North American shale player Encana Corp. said it was revising its 2016 spending plan to strengthen its balance sheet with only minor impacts on production. Pres...

Chesapeake Energy to focus on divestments

Feb 24, 2016 (UPI)

U.S. natural gas company Chesapeake Energy said it would focus on divestments as it trims its spending forecast for 2016 by more than 50 percent. Chesapeake in ...

Remote predictions of fluid flow in fractures possible with new finding

Feb 24, 2016 (SPX)

A team of researchers has created a way to quickly and remotely evaluate fluid flow in subsurface fractures that could impact aquifers, oil and gas extraction, ...

U.S. oil sent to Israeli refineries

Feb 24, 2016 (UPI)

Dutch oil trader Trafigura confirmed it delivered a cargo of crude oil sourced from U.S. basins to Israeli refineries in an early start for U.S. oil deliveries....

Peruvian health officials on alert after oil spills

Feb 23, 2016 (UPI)

The Peruvian Ministry of Health said it had officials dispatched to the Amazon River basin to monitor remediation efforts following a series of oil spills. Stat...

Eastern Europe energy sector vulnerable, commissioner says

Feb 23, 2016 (UPI)

Eastern Europe may be bearing the brunt of a bloc-wide energy policy that's lagging in erasing concerns about security of supply, a commissioner said. Maros Sef...

BHP Billiton cuts divided amid sector weakness

Feb 23, 2016 (UPI)

Australian mining and energy giant BHP Billiton said it retooled its corporate team and adopted a new dividend policy in response to oil market weakness. The co...

Oil searches for traction amid production row

Feb 23, 2016 (UPI)

A rally in crude oil prices stalled out in early Tuesday trading as markets waited in anticipation of Saudi Arabia's gauge of the impact of a production freeze....

Suncor wrapping up grab of Canadian Oil Sands

Feb 23, 2016 (UPI)

Canadian energy company Suncor said that, with most of the shares of rival Canadian Oil Sands Ltd. in its control, the latter was on a path to delisting. Suncor...

One-step process to convert CO2 and water into liquid hydrocarbon fuel

Feb 23, 2016 (SPX)

A team of University of Texas at Arlington chemists and engineers have proven that concentrated light, heat and high pressures can drive the one-step conversion...

North Sea fading, industry body warns

Feb 23, 2016 (UPI)

A British industry body said the North Sea energy sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016. A rep...

Oil soars on expected fade in U.S. supply

Feb 22, 2016 (UPI)

The expected decline in U.S. crude oil production boosted market sentiments of a return to balance, pushing crude oil prices sharply higher Monday. The Internat...

EnQuest, Cairn strengthen North Sea hold

Feb 22, 2016 (UPI)

Even as pressure builds on the North Sea energy sector, British energy company EnQuest said it strengthened its hold over the Kraken oil field. For an undisclos...

Eni cleared to develop Zohr gas basin in Egypt

Feb 22, 2016 (UPI)

Italian energy company Eni said it received consent from the Egyptian government to lay the groundwork for developing a giant offshore gas basin. Eni said recei...

Moody's: Gulf banks pressured by oil

Feb 22, 2016 (UPI)

Banks for members of the Gulf Cooperation Council, which includes Saudi Arabia, face pressure from low oil prices despite government support, Moody's said. Crud...

Three weekend tremors in shale-rich Oklahoma

Feb 22, 2016 (UPI)

Seismic activity in shale-rich Oklahoma was apparent again, with the U.S. Geological Survey recording three minor events in less than 24 hours as of Monday. Thr...

Iran opening energy doors for Europe

Feb 22, 2016 (UPI)

Iran said Monday it expected to renew an energy relationship with German company Siemens, which was suspected of Internet sabotage in 2010. Siemens Chief Execut...

Oil moves sharply lower on supply data

Feb 19, 2016 (UPI)

Oil prices made a sharp reversal in Friday trading as market fundamentals moved to overshadow short-term reactions to production freezes earlier this week. Oil ...

California methane leak stopped

Feb 19, 2016 (UPI)

Investigators in southern California said they're focusing their efforts on the causes behind a methane leak now that a faulty well is sealed. California regula...