OIL - AFRICA DAILY

Nov 13, 2015 (UPI)

While federal data show Michigan shedding the most jobs, a Texas energy group said the state may be taking the brunt of the economic impact of low oil prices. F...

Energy jobs in Norway down by half

Nov 13, 2015 (UPI)

Though trade levels increased during the third quarter, the number of jobs opened in the Norwegian oil and gas sector continues to decline, national data show. ...

Statoil sole winner in offshore Canadian auction

Nov 13, 2015 (UPI)

Only two of the nine parcels on the auction block for energy explorers were doled out for eastern Canadian offshore acreage, a regional body said. A subsidiary ...

Canadian Oil Sands-Suncor spat takes new turn

Nov 13, 2015 (UPI)

Canadian Oil Sands Ltd. continued to urge its shareholders to reject a bid from rival Suncor Energy, saying the offer would sell itself if it was worthwhile. Su...

Russia's central bank frets over oil price and sanctions pressure

Nov 13, 2015 (UPI)

Lower crude oil prices and restricted access to foreign capital markets means dwindling funds for Russia, the country's central bank chief said. Elvira Nabiulli...

Hoeven tries again to erase oil export ban

Nov 13, 2015 (UPI)

A Republican senator from North Dakota said he was working to insert language in a highway-funding bill that would lift a ban on U.S. crude oil exports. U.S. Se...

Rail industry weakened by low oil prices

Nov 12, 2015 (UPI)

Leasing rates for rail cars slated to carry crude oil throughout the North American market have plummeted along with the crude oil prices, analysis finds. Indus...

Munitions cleared from Russian gas pipeline

Nov 12, 2015 (UPI)

Operators of a pipeline bringing Russian gas to Europe said munitions found near the infrastructure were cleared from the Swedish waters of the Baltic Sea. Pipe...

Encana Corp. production up 35 percent

Nov 12, 2015 (UPI)

Shale-focused Encana Corp. said its overall production was up 35 percent from last year, even as oversupplies drag on crude oil price and profits. Encana, which...

RWE holding outlook steady in weakened market

Nov 12, 2015 (UPI)

German energy company RWE said it was on pace to meet full-year income expectations despite the market downturn, thanks in part to its renewables division. For ...

G20 nations spend $452 bn a year supporting fossil fuels: study

Nov 12, 2015 (AFP)

The G20 group of major economies spend $452 billion per year supporting fossil fuel industries, despite their primary role in causing climate change, according ...

Oil dispersants can suppress natural oil-degrading microorganisms

Nov 12, 2015 (SPX)

The use of chemical dispersants meant to stimulate microbial crude oil degradation can in some cases inhibit the microorganisms that naturally degrade hydrocarb...

Stand-still economy drags on oil prices

Nov 12, 2015 (UPI)

Few signs of global economic momentum pushed crude oil prices sharply lower in early Thursday trading, as slow U.S. growth balances tepid global gains. The U.S....

TransCanada wins Mexican gas pipeline contract

Nov 12, 2015 (UPI)

Pipeline company TransCanada said it will expand its footprint in the Mexican energy sector by building a 155-mile natural gas pipeline in the center of the cou...

OPEC sees short-term balance in U.S. oil production

Nov 12, 2015 (UPI)

Shale oil production in the Lower 48 is on the decline, thought total U.S. oil production may be supported by growth in the Gulf of Mexico, OPEC said. The Organ...

Oil Megaprojects Won't Stay On The Shelf For Long

Nov 12, 2015 (SPX)

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil comp...

Spending down, but West African oil expected to grow

Nov 11, 2015 (UPI)

Africa-focused Tullow Oil announced plans to keep a lid on spending, but noted one of the larger offshore developments, in Ghana, should launch next year. Tullo...

Oil drifts lower on inventory build

Nov 11, 2015 (UPI)

Supply-side market strains pulled on crude oil prices in early Wednesday trading, with major indices erasing much of the mid-session gains in earlier trading. B...

Iran's Cabinet signs off on new oil contract terms

Nov 11, 2015 (UPI)

Cabinet ministers in Iranian President Hassan Rouhani's administration said they endorsed the terms of new oil contracts for a post-sanctions era. Mehdi Hussein...

Anadarko pulls offer for Apache Corp.

Nov 11, 2015 (UPI)

Anadarko Petroleum Corp. confirmed Wednesday it made an all-stock non-binding offer to acquire rival company Apache Corp. but later withdrew the bid. Anadarko C...