OIL - AFRICA DAILY

Dec 09, 2015 (UPI)

Crude oil prices gained back some ground at the start of trading Wednesday, as expectations of lower U.S. oil production balanced against long-term pessimism. "...

White House opposes legislative efforts to erase oil export ban

Dec 09, 2015 (UPI)

Efforts to reverse a 40-year-old ban on domestic crude oil exports through legislative action are not welcome, a White House spokesman said. Congressional leade...

NRDC claims win on bitumen debate

Dec 09, 2015 (UPI)

The Natural Resources Defense Council said it was vindicated by peer-reviewed studies showing heavier grades of crude oil should be treated with caution. A 180-...

ULC Robotics AND SGN Unveil The Next Generation Of Pipeline Robotics

Dec 09, 2015 (SPX)

ULC Robotics and UK Gas Utility SGN are proud to introduce the next generation of pipeline robotics - the CIRRIS XI and the CIRRIS XR Robotic Systems. These bre...

BP expands footprint in Egypt

Dec 09, 2015 (UPI)

An Egyptian subsidiary of British energy company BP said it strengthened its foothold offshore Egypt through a deal with a German counterpart. For an undisclose...

U.S. gas prices will be even lower next year

Dec 09, 2015 (UPI)

Low oil prices and more fuel efficient vehicles mean the average U.S. price for a gallon of gas should be about 2 percent lower in 2016, a federal report said. ...

AAA: Oil major factor in gas price slide

Dec 08, 2015 (UPI)

Supply and demand dynamics on the crude oil market, coupled with downward pressure from OPEC's meeting, should keep U.S. gas prices lower, AAA said. Motor club ...

Dana Gas says Kurds owe $11 billion

Dec 08, 2015 (UPI)

Emirati energy company Dana Gas said the Kurdish government of Iraq owes it and its partners more than $11 billion for interfering with oil-field operations. Da...

Is Washington Attempting to Torpedo Nord Stream 2

Dec 08, 2015 (Sputnik)

An expert speaking to independent Russian newspaper Svobodnaya Pressa suggests that Washington may be playing the role of 'coordinator' in the campaign by sever...

Woodside pulls offer for rival Oil Search

Dec 08, 2015 (UPI)

Australian energy company Woodside Petroleum announced it withdrew its bid to merge business operations with rival Oil Search Ltd. Woodside announced Tuesday it...

Israeli companies keen on Egyptian gas deal

Dec 08, 2015 (UPI)

Companies working in the Israel energy sector said they're still pursing commercial deals in Egypt despite reports of a breakdown in talks. Egyptian media outle...

Oil prices move to historic lows

Dec 08, 2015 (UPI)

Weak performance Tuesday for Chinese energy stocks highlighted the duration of the market headache brought on by OPEC as crude oil prices move to historic lows....

Turkey mulling retaliatory sanctions on Russia: PM

Dec 08, 2015 (AFP)

Turkish Prime Minister Ahmet Davutoglu said Tuesday his government was considering retaliatory measures against Moscow, with whom it is embroiled in a bitter di...

Outlook for Texas energy sector uncertain

Dec 08, 2015 (UPI)

The outlook for the oil-based economy in Texas is anything but certain, though some form of recovery is expected later in 2016, an economist said. The Texas Pet...

Russian sanctions on Turkey cut both ways, European bank finds

Dec 07, 2015 (UPI)

Sanctions imposed by Moscow will have minor impacts on the Turkish economy, though there may be energy-related backlash for Russia, a European report finds. The...

Researchers develop super-absorbent material to soak up oil spills

Dec 07, 2015 (SPX)

In hopes of limiting the disastrous environmental effects of massive oil spills, materials scientists from Drexel University and Deakin University, in Australia...

Putin expresses condolences for Azerbaijani oil rig accident

Dec 07, 2015 (UPI)

Russian President Vladimir Putin expressed condolences to his Azerbaijani counterpart following a fatal accident at an oil platform in the Caspian Sea. At least...

Struggle looms as Venezuela opposition vows to fix crisis

Dec 07, 2015 (AFP)

Venezuela's jubilant opposition vowed Monday to drag the oil-rich country out of its economic crisis and free political prisoners after it broke the socialist g...

Afghanistan gets energy security grants

Dec 07, 2015 (UPI)

With energy demand growing nearly twice as fast as its economy, the Asian Development Bank said it was distributing grants to address Afghan energy security. Th...

Transocean lands offshore Canadian rig deal

Dec 07, 2015 (UPI)

Rig services company Transocean said it reached a deal with Husky Oil Operations Ltd. for activity off the coast of Canada for about $200 million. Under the ter...