OIL - AFRICA DAILY

Keystone XL still viable, TransCanada says

Oct 23, 2015 (UPI)

The planned Keystone XL oil pipeline best fits the Liberal agenda for mobilizing Canadian resources in a way that benefits North America, TransCanada said. The ...

Crude oil loses ground in early Friday trading

Oct 23, 2015 (UPI)

Crude oil markets shrugged off economic stimulus actions in China and Europe, with key indices dipping into negative territory in early Friday trading. Crude oi...

Norway's DNO paid for Kurdish oil exports

Oct 23, 2015 (UPI)

Norwegian oil and gas company DNO announced it became the latest player in the Kurdish oil fields to receive government payments for oil exports. The Kurdish go...

Murkowski: Why no oil swaps with Mexico?

Oct 23, 2015 (UPI)

U.S. Sen. Lisa Murkowski, an advocate for repealing a 40-year-old ban on oil exports, said she wants to know why no oil is getting to Mexico under a swap deal. ...

Shale player Sanchez upbeat in weak market

Oct 22, 2015 (UPI)

Overall production from U.S. shale player Sanchez Energy was down, though the company said it was still producing more than expected in the weak market. "During...

Coalition strikes destroy IS oil field in Syria: spokesman

Oct 22, 2015 (AFP)

Air strikes by the US-led coalition destroyed an oil facility run by the Islamic State group in eastern Syria, a spokesman said Thursday. The series of strikes ...

Exxon slams report for cherry-picking climate legacy

Oct 22, 2015 (UPI)

U.S. supermajor Exxon Mobil took aim at climate activists for what the company said were inaccurate and misleading accounts of its position on climate issues. I...

Norway reviews ice risk to offshore operations

Oct 22, 2015 (UPI)

Some oil and gas installations in the Barents Sea could be threatened by encroaching sea ice, an investigation from a Norwegian safety regulator found. The arct...

Methane from fracking sites can flow to abandoned wells, new study shows

Oct 22, 2015 (SPX)

As debate roils over EPA regulations proposed this month limiting the release of the potent greenhouse gas methane during fracking operations, a new University ...

Oil prices rise, buck market signals

Oct 22, 2015 (UPI)

Crude oil prices recovered lost territory in Thursday trading as the European Central Bank said it was keeping its interest rates unchanged. Oil prices at the o...

Weatherford expects prolonged downturn

Oct 22, 2015 (UPI)

More layoffs are expected and weakness in the oil markets should continue into 2017, the top executive at oil services company Weatherford International said. W...

Statoil boosts recovery at North Sea gas field

Oct 22, 2015 (UPI)

Norwegian energy company Statoil said boosting recovery rates at a North Sea natural gas field is a win for European energy security. The installation of two ne...

London welcomes LetterOne divestment from North Sea

Oct 22, 2015 (UPI)

The sale of North Sea oil and gas interests by a Russian oil tycoon to a Swiss company will boost the energy sector's potential, the British government said. Th...

Shell to drill in deep Canadian waters

Oct 21, 2015 (UPI)

An offshore petroleum regulator in Nova Scotia said Dutch supermajor Shell has consent to start an exploratory drilling program in the region's deep waters. The...

Fatality reported at rig in U.S. waters

Oct 21, 2015 (UPI)

A U.S. federal regulator said it opened an investigation into a fatality reported on a drill ship deployed by Chevron in the deep waters of the Gulf of Mexico. ...

Sudan govt accepts invitation to talks with rebels

Oct 21, 2015 (AFP)

The Sudanese government said Wednesday it has accepted an invitation from the African Union to attend peace talks with the rebel Sudan People's Liberation Movem...

Baker Hughes woes continue

Oct 21, 2015 (UPI)

Rig company Baker Hughes reported a steep decline in revenue from North American operations, stressing its merger with Halliburton was progressing. Companies li...

BHP Billiton cuts spending in oil division

Oct 21, 2015 (UPI)

Australian energy company BHP Billiton said it was cutting spending in its petroleum division, but maintained production would stay the same. "We continue to re...

USGS ties quakes to Oklahoma oil production

Oct 21, 2015 (UPI)

An increase in seismic activity in Oklahoma since 2009 may be in part related to activity associated with oil production, the U.S. Geological Survey finds. "In ...

Gulf should adjust to new oil price 'reality': IMF

Oct 21, 2015 (AFP)

Gulf economies need to adjust to the "new reality" of oil prices expected to remain low for some time, the International Monetary Fund says, recommending spendi...