OIL - AFRICA DAILY

Jan 04, 2016 (UPI)

Australian energy company Woodside Petroleum said it found enough natural gas in an exploration well offshore Myanmar to continue appraisal activity. Woodside a...

French jets strike IS oil sites in Syria: minister

Jan 01, 2016 (AFP)

French warplanes bombed Islamic State group oil installations close to its Syrian stronghold of Raqa on Friday, as France's defence minister visited the Jordani...

Ten Trillion Dollars Needed To Avoid Massive Oil Price Spike: OPEC

Jan 01, 2016 (SPX)

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world's energy needs. The OPEC published it...

Study assessed impacts of Deepwater Horizon oil spill on sea turtles

Jan 01, 2016 (SPX)

Researchers investigating the impacts of the Deepwater Horizon oil spill on sea turtles found that over 320,000 juvenile sea turtles from populations throughout...

Brazil defends treasures of its 'Blue Amazon'

Dec 31, 2015 (AFP)

Hundreds of years ago, Brazil's southern Atlantic waters were sailed by pirates in search of plunder. Now these remote depths, dubbed the "Blue Amazon", hold ri...

Oil, gas wages for Colorado strong

Dec 30, 2015 (UPI)

The oil and gas industry of Colorado accounts for around twice the average wage for other industries in the state, a university study found. Colorado Gov. John ...

Oil prices deflate as year winds down

Dec 30, 2015 (UPI)

Crude oil prices retreated in Wednesday trading on sentiments of economic doubt from the International Monetary Fund director. Christine Lagarde, the managing d...

No limit to output, Saudi Arabia says

Dec 30, 2015 (UPI)

There is no limit to the level of Saudi crude oil production so long as demand permits, the Saudi oil minister said Wednesday from Riyadh. The Saudi Finance Min...

Oil production costs low, Iran says

Dec 30, 2015 (UPI)

Pointing to low production costs, Iran's director for OPEC affairs said the economy will grow with exports even in a weakened oil market climate. Iran is expect...

New North Sea oil production begins

Dec 30, 2015 (UPI)

Abu Dhabi National Energy Co. said it started producing oil from its Cladhan field in the British waters of the North Sea, its largest project to date. The comp...

Canadian Oil Sands defends value against bid

Dec 30, 2015 (UPI)

Canadian Oil Sands Ltd. said it was urging shareholders to reject a hostile bid from its counterpart Suncor, arguing it's positioned well for falling oil prices...

Texas manufacturing offsetting oil sector weakness

Dec 29, 2015 (UPI)

Manufacturing conditions in Texas continue to show gains, offsetting some concerns about the health of the oil sector, a state economic outlook finds. The Feder...

U.S. gas prices inflated by refinery issues

Dec 29, 2015 (UPI)

Refinery issues are again keeping gas prices higher for U.S. consumers who are watching crude oil fall to historic lows, retail market analysts said. Motor club...

Oil recovers from Monday's downfall

Dec 29, 2015 (UPI)

Oil prices recovered some lost ground in early Tuesday trading on expectations of reasonable growth in 2016 for China and storms in U.S. oil producing states. R...

Tests slated for giant Kashagan oil field

Dec 29, 2015 (UPI)

Test runs for production from the Kashagan oil field, the largest in the world, should be conducted before the end of the year, a Kazakh minister said. The Kash...

Siberian oil output to be supported by tax overhaul

Dec 29, 2015 (UPI)

A new tax regime in Russia could pave the way to an increase in oil production from fields in Western Siberia, the Russian energy minister said. Russian Energy ...

Winter storms sock U.S. oil states

Dec 29, 2015 (UPI)

Snow- and ice-covered roads are making for hazardous conditions in parts of the U.S. with high levels of oil production, travel advisories show. A major winter ...

Oil prices take nosedive

Dec 28, 2015 (UPI)

Strong negative sentiment from some OPEC's top oil producers pushed crude prices deep into negative trading on the last Monday of 2015. Crude oil prices rallied...

Russia blames Saudis for low oil prices

Dec 28, 2015 (UPI)

Russian Energy Minister Alexander Novak said in a television interview Monday it was Saudi Arabia that was to blame for the collapse in crude oil prices. Despit...

Transocean loses another rig contract early

Dec 28, 2015 (UPI)

Rig company Transocean said Monday its contract for the Polar Pioneer rig, deployed offshore Alaska, was canceled early by Royal Dutch Shell. The contract was s...