OIL - AFRICA DAILY

Nov 11, 2015 (UPI)

Crude oil deliveries from Alberta, Canada, will rely on rail in the wake of the permit refusal for Keystone XL, the U.S. Energy Information Administration said....

Shale-rich Texas keeps chin up during downturn

Nov 11, 2015 (UPI)

Despite the market downturn, a Texas regulator said oil and gas production in the shale-rich state continued to grow because operators are more efficient. "Texa...

EU looks beyond borders for energy

Nov 10, 2015 (UPI)

Some of the key pillars to strengthening energy security in the European Union lie beyond the bloc's borders, a European energy official said from Brussels. The...

Dispersants fail: Half the spilled BP oil may be on Gulf floor

Nov 10, 2015 (UPI)

New research suggests a chemical dispersant used in the wake of the BP oil spill failed to help, and may have actually hindered, the cleanup. A study led by res...

U.S. shale oil basins to decline

Nov 10, 2015 (UPI)

Only the Permian shale basin in the southern United States is expected to record a year-on-year increase in oil production, federal data show. The U.S. Energy I...

IEA forecast drags on crude oil prices

Nov 10, 2015 (UPI)

Expectations that crude oil prices won't return to the $100 per barrel mark anytime soon put downward pressure on the energy market in early Tuesday trading. In...

Oil giant Saudi Arabia submits carbon-curbing pledge

Nov 10, 2015 (AFP)

Oil export giant Saudi Arabia submitted its pledge Tuesday to reduce greenhouse gas emissions, a move observers hailed as a step in the right direction. In an a...

Bank of England gauges impact of lower oil prices

Nov 10, 2015 (UPI)

With about 60 percent of the drop in crude oil prices linked to demand issues, the Bank of England suggested pressure may be negative for the British economy. L...

Pardon call as anniversary of Saro-Wiwa's death marked in Nigeria

Nov 10, 2015 (AFP)

Supporters of the Nigerian activist Ken Saro-Wiwa on Tuesday marked the 20th anniversary of his execution as the country's main human rights body called for a p...

France strikes IS oil sites in Syria: defence minister

Nov 10, 2015 (AFP)

The French army has stepped up its bombing campaign against the Islamic State group's oil infrastructure with two new strikes in eastern Syria, Defence Minister...

Marathon Oil divests from Gulf of Mexico

Nov 09, 2015 (UPI)

To an undisclosed buyer, Marathon Oil Corp. said it signed a deal to unload the majority of its assets in the Gulf of Mexico already in production. Marathon sai...

French giant Engie to build China LNG plant

Nov 09, 2015 (AFP)

French energy giant Engie announced Monday the creation of a joint business with Chinese partner Shaanxi Houde Tonxing to build a liquefied natural gas (LNG) pl...

Maersk joins African oil explorers

Nov 09, 2015 (UPI)

Despite reporting weak results in the third quarter, Maersk Oil said it was taking a long view with new investments in onshore acreage in Kenya and Ethiopia. In...

Keystone XL decision may indicate changing energy landscape

Nov 09, 2015 (UPI)

U.S. and Canadian statements regarding the decision on the Keystone XL oil pipeline may reflect a changing energy landscape in North America. Industry supporter...

French strike hits IS oil facility in Syria: French defence minister

Nov 09, 2015 (AFP)

The French army on Sunday bombed an oil supply centre held by the Islamic State group in eastern Syria, Defence Minister Jean-Yves Le Drian announced Monday. "W...

Oil falls as China imports dip, OECD cuts growth outlook

Nov 09, 2015 (AFP)

Oil prices fell for the fourth straight session Monday as traders weighed lowered OECD global growth forecasts and weak Chinese crude imports against abundant s...

Steep drop in North Dakota rig count

Nov 09, 2015 (UPI)

Catching up with a national trend showing declines in the exploration and production sector, North Dakota reported an 8.5 percent drop in rig activity. The stat...

Oil output from Russian arctic waning

Nov 09, 2015 (UPI)

A lack of infrastructure in the arctic north of Russia is putting a moderate throttle on the region's oil production, an area governor said. Dmitry Kobylkin, go...

Crude oil slump continues

Nov 06, 2015 (UPI)

Data showing a continued slowdown in the upstream side of the energy sector pushed crude oil prices well below their midweek peaks in early Friday trading. Oil ...

Oil confirmed under Africa's oldest wildlife park Virunga: DRC govt

Nov 06, 2015 (AFP)

Seismic tests in Democratic Republic of Congo's Virunga National Park, Africa's oldest wildlife reserve which is famed for its mountain gorillas, have confirmed...