OIL - AFRICA DAILY

Dec 07, 2015 (UPI)

The impacts of last week's fractured OPEC meeting in Vienna spilled over into Monday trading as crude oil prices started the day down more than 2 percent. Minis...

IS earns $80 mn a month but starting to struggle: analysis

Dec 07, 2015 (AFP)

The Islamic State group is pulling in some $80 million a month, mainly from levies and confiscations, but is struggling financially as strikes hit its oil infra...

Rig counts down 16 percent year-on-year

Dec 07, 2015 (UPI)

Globally, the number of rigs deployed for oil and gas exploration is down 16 percent from last November, oil services company Baker Hughes reported. For Novembe...

North Dakota rig counts hold steady

Dec 07, 2015 (UPI)

Despite a net drift lower in U.S. oil basins, North Dakota's rig count remained unchanged, but near a historical low, compared with last week. State data show 6...

Turkey seeks alternatives to Russian energy after plane crisis

Dec 05, 2015 (AFP)

Turkey on Saturday said it was seeking alternatives to Russian energy as relations with Moscow plunge over the downing of a warplane, with President Recep Tayyi...

House passes symbolic gesture for oil exports

Dec 04, 2015 (UPI)

A U.S. House leader said a bill passed in favor of oil exports rejects a global landscape favoring North America, but support wasn't enough to override a veto. ...

Once again 'no,' Canadian Oil Sands tells rival

Dec 04, 2015 (UPI)

Canadian Oil Sands Ltd., in the latest in a bitter dispute, urged shareholders to take no action on a revised takeover bid from rival Suncor Energy. Suncor anno...

Parts of Texas economy slowing, but beating out nation

Dec 04, 2015 (UPI)

Parts of the oil-rich economy in Texas are showing signs of slowing down, but still outperforming the rest of the nation, the Dallas Federal Reserve said. A sur...

Crude oil prices hammered on OPEC policy

Dec 04, 2015 (UPI)

Crude oil prices moved sharply lower at the start of trading on word members of OPEC would not cut overall production despite the weak oil economy. Higher crude...

Russia mulls economy beyond oil

Dec 04, 2015 (UPI)

Russia needs to explore export revenue from products outside the energy sector as the economy braces for a long period of low oil prices, a minister said. "Unfo...

Manslaughter charges dropped in BP Deepwater Horizon oil spill

Dec 03, 2015 (UPI)

"In the interest of justice" a U.S. court dismissed manslaughter charges against BP engineers on the Deepwater Horizon rig at the time of the 2010 accident. The...

Russia accuses Turkey's Erdogan over IS oil trade

Dec 03, 2015 (AFP)

Russia on Wednesday accused Turkish President Recep Tayyip Erdogan and his family of involvement in illegal oil trading with Islamic State jihadists, ratcheting...

Canadian Oil Sands touts resilience

Dec 03, 2015 (UPI)

Even with oil priced below $50 per barrel, Canadian Oil Sands, a target of a takeover bid, said it will be able to stay in the black under a 2016 budget plan Th...

Columbia stands by team researching Exxon's climate record

Dec 03, 2015 (UPI)

The dean at the journalism school at Columbia University defended the integrity of reporters investigating what Exxon Mobil scientists knew about climate change...

Russia says talks suspended with Turkey on TurkStream pipeline

Dec 03, 2015 (AFP)

Russia and Turkey, at loggerheads since Ankara shot down a Russian warplane last week, have suspended talks on their joint TurkStream project to pipe gas to Tur...

Gazprom reviews gas line to Europe in midst of Russian, Turkish tensions

Dec 03, 2015 (UPI)

Amid frosty relations between Moscow and Ankara, Russian energy company Gazprom said it was reviewing the status of a pipeline through the Baltic Sea. Officials...

Statoil eyes new Barents Sea acreage

Dec 03, 2015 (UPI)

Norwegian energy company Statoil said it expressed reserved exploration interests in a Barents Sea area covered in a bilateral agreement with Russia. Statoil de...

DNO receives Kurdish oil payments

Dec 03, 2015 (UPI)

Norwegian energy company DNO became the latest company to confirm payments from the Kurdish government of Iraq for crude oil exports. DNO shares $30 million wit...

Anadarko reviewing penalty for Gulf oil spill

Dec 03, 2015 (UPI)

Anadarko Petroleum said it was reviewing its appellate options in the wake of a $159.9 million penalty tied to the 2010 oil spill in the Gulf of Mexico. Anadark...

Kurdish oil player upbeat on future prospects

Dec 03, 2015 (UPI)

Gulf Keystone Petroleum said it received payments for exports from the Kurdish government in Iraq, which it said would boost its corporate sustainability. The c...