OIL - AFRICA DAILY

Oct 28, 2015 (UPI)

Crude oil prices recovered some lost ground in early Wednesday trading, though most signs continue to show the markets are heavily favoring the supply side. Bre...

Oil company Hess posts fourth straight loss

Oct 28, 2015 (UPI)

U.S.-focused oil producer Hess Corp. said it was taking a disciplined approach to its business operations after posting its fourth consecutive quarterly loss. H...

France secures more LNG from United States

Oct 28, 2015 (UPI)

French energy company ENGIE, formerly GDF Suez, said it signed a deal to secure liquefied natural gas from proposed export facilities in the United States. "ENG...

Day Of Reckoning For U.S. Shale Will Have To Wait

Oct 28, 2015 (SPX)

October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the indus...

Shale-rich Oklahoma expecting budget squeeze

Oct 27, 2015 (UPI)

The governor of emerging oil and gas state Oklahoma signed an executive order calling for preparations for what's expected to be a challenging budget year. Gov....

Technip to provide pipeline for Libra oil field offshore Brazil

Oct 27, 2015 (UPI)

Technip, a French engineering company servicing the energy sector, said its latest contract marks a milestone for one of the larger oil fields in Brazil. Techni...

Low oil prices helping U.S. drivers

Oct 27, 2015 (UPI)

Falling crude oil prices, driven in part by weak global economic growth, means gas prices should keep moving lower for U.S. motorists, analysts said. Motor club...

Supply pressure puts oil prices in free fall

Oct 27, 2015 (UPI)

Expectations of dwindling production wasn't enough to offset concerns about oversupply, pushing crude oil prices deeper in the red in early Tuesday trading. Cru...

Weak oil market not yet caught up with Texas

Oct 27, 2015 (UPI)

A preliminary estimate of the total crude oil production from Texas, the No. 1 oil producer in the nation, shows output remains resilient, state data show. The ...

BP retooling for new market climate

Oct 27, 2015 (UPI)

With oil prices expected to recover only to the $60 per barrel mark by 2017, British energy company BP said it was retooling to fit a new market landscape. BP a...

Minor spill is at least third in North Dakota this month

Oct 27, 2015 (UPI)

A small amount of oil spilled at Dunn County well site, a location at the heart of the North Dakota shale oil boom, the state Department of Health reports. The ...

A thousand to be jobless because of low oil prices

Oct 26, 2015 (UPI)

Danish energy company Maersk said it would cut about 12 percent of its workforce as part of an effort to slash operating costs by 20 percent by the end of 2016....

Has oil-rich North Dakota passed downturn?

Oct 26, 2015 (UPI)

The number of rigs actively exploring for or producing oil and gas in North Dakota held steady for the third straight week, state data show. The North Dakota In...

Long-awaited pipeline through Afghanistan moving forward

Oct 26, 2015 (UPI)

Roughly 15 years in the making, a multilateral agreement on the planned Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline was signed during meetings ...

Oil prices drift lower in signs of weakness

Oct 26, 2015 (UPI)

Signs of steady but slow growth in the global economy pushed crude oil prices lower on the first full trading day of the last week of October. Brent crude oil w...

Small discovery, but big hopes at Malaysian natural gas field

Oct 26, 2015 (UPI)

Swedish energy company Lundin Petroleum announced it made a small gas discovery off the coast of Malaysia, where it's placed much of its recent focus. Lundin sa...

Iran lays out future upstream investment expectations

Oct 26, 2015 (UPI)

The exploration and production side of the energy sector needs the bulk of the focus for a re-emerging Iran, a managing director at Iran's oil company said. Ira...

OMV: Iran not quite ready for investors

Oct 23, 2015 (UPI)

An investment opportunity exists in the Iranian energy sector, but there are a series of hurdles remaining, Austrian energy company OMV said. The Iranian govern...

Russian gas giant: Expansion of pipeline ensures reliability

Oct 23, 2015 (UPI)

Russian natural gas company Gazprom said expanding the Nord Stream pipeline to Europe adds another layer of security to the region's energy sector. Russia meets...

Expect more oil from United Arab Emirates

Oct 23, 2015 (UPI)

OPEC-member United Arab Emirates could expand oil production by 30 percent by 2020 using a costly recovery technique, a U.S. federal review finds. The United Ar...