OIL - AFRICA DAILY

Feb 16, 2016 (UPI)

Norwegian energy company Statoil announced the launch of a new $200 million investment fund to help drive a strong renewable energy growth strategy. "The transi...

Oil struggles for gains despite latest production talks

Feb 16, 2016 (UPI)

An overnight rally in crude oil prices sparked by the latest talk of production cuts from OPEC members lost steam after analysts took stock of output data. Bren...

Retail gas prices may be at seasonal low point

Feb 16, 2016 (UPI)

U.S. retail gasoline prices continue to fall, though with oil production cuts on the table, consumer may be enjoying the last of the savings, analysts said. Mot...

Iraq Kurds made $3.94 bn from direct oil sales in 2015

Feb 16, 2016 (AFP)

Iraq's autonomous Kurdish region announced on Tuesday that it made over $3.94 billion last year from direct oil export sales that the country's federal governme...

Alexei Miller re-elected to lead Gazprom

Feb 16, 2016 (UPI)

Russian energy company Gazprom announced it appointed Alexei Miller to serve for another five-year term that would end in 2021. "The board of directors addresse...

Does living near an oil or natural gas well affect your drinking water

Feb 16, 2016 (SPX)

"The answer to that question is usually 'no,' but there are exceptions," said Stanford Professor Rob Jackson, a professor of Earth system science at Stanford Un...

EU aims for more diverse energy sector

Feb 16, 2016 (UPI)

A European energy strategy aims to counter geopolitical threats to supplies while at the same time considering global climate initiatives, a commissioner said. ...

No discounts for oil, Iran says

Feb 15, 2016 (UPI)

Iran is not marking its return to the global crude oil market in the post-sanctions era with price discounts, a director at the state-run oil company said. Iran...

Oil ticks slightly higher, though Japan clouds momentum

Feb 15, 2016 (UPI)

Japanese economic data Monday showing lingering weakness provided a throttle on momentum sparked last week by OPEC production cut rumors. The Japanese governmen...

Oil spills in Peruvian Amazon hit wildlife

Feb 15, 2016 (AFP)

Two recent oil pipeline spills in Peru's part of the Amazon hit areas rich in wildlife and it will take them a year to recover, the government said Monday. The ...

BG Group fully incorporated under Shell

Feb 15, 2016 (UPI)

British energy company BG Group is now a unit within the corporate structure of Royal Dutch Shell, the Hague-based supermajor announced Monday. "The entire issu...

Several quakes strike oil-rich Oklahoma

Feb 15, 2016 (UPI)

The U.S. Geological Survey reported at least 9 minor earthquakes since the weekend in Oklahoma, a state wary of the connection between fracking and tremors. The...

Iraq PM offers cash-strapped Kurds salaries for oil

Feb 15, 2016 (AFP)

Iraq's federal government will pay the salaries of the cash-strapped Kurdish region's employees if it halts its independent oil exports, Prime Minister Haider a...

UAE's Dana Gas bucks trends with profit

Feb 15, 2016 (UPI)

Emirati energy company Dana Gas bucked industry trends by posting an increase in net profits on the back of strong performance in Egypt and legal settlements. "...

Iran again postpones London energy summit

Feb 12, 2016 (UPI)

Organizers of an Iranian petroleum conference scheduled in London said the event was postponed because Iranian delegates were having visa issues. CWC Group Ltd....

EIA revises Oklahoma oil production higher

Feb 12, 2016 (UPI)

A revised survey from the U.S. Energy Information Administration raised the estimated daily oil production from Oklahoma by 100,000 barrels. The EIA said it rev...

More natural gas found offshore Myanmar

Feb 12, 2016 (UPI)

With a strong portfolio in Myanmar, Australian energy company Woodside Petroleum said it was gaining traction after making its second gas discovery. Woodside ra...

Firm aims to support hobbled offshore drillers

Feb 12, 2016 (UPI)

U.S. investment firm Blackstone Group said it formed a partnership to help provide financial solutions to the offshore oil and natural gas services sector. Blac...

OPEC rumors again drive oil higher

Feb 12, 2016 (UPI)

Speculation that major world oil producers could at least curb increases caused crude oil prices to soar Friday, though underlying economic pessimism remains. S...

California gas leak under control

Feb 12, 2016 (AFP)

A massive gas leak near Los Angeles that forced thousands from their homes for months was brought under control on Thursday, a utility official said. The methan...