OIL - AFRICA DAILY

Shell halts controversial search for Alaskan oil

Sep 28, 2015 (AFP)

Royal Dutch Shell said Monday it was halting its search for oil off the Alaskan coast, with environmentalists claiming a huge victory in their battle to protect...

Report: British North Sea won't rebound until 2017

Sep 28, 2015 (UPI)

The British oil and gas sector is in a short-term decline with no chance of recovery for at least two years, an industry planner told the Financial Times. Low c...

Shell scraps controversial oil exploration in Alaska

Sep 28, 2015 (AFP)

Anglo-Dutch energy giant Royal Dutch Shell said Monday it had scrapped its controversial offshore exploration in Alaska after failing to find sufficient quantit...

BG Group places bet on offshore Canada

Sep 28, 2015 (UPI)

British energy company BG Group said it was placing a bet on offshore Canada by acquiring positions from Spanish rival Repsol. BG said it was taking an increase...

Italy primed for return to Iran's energy sector

Sep 28, 2015 (UPI)

Iranian President Hassan Rouhani said the conditions are right for Italian energy companies to start working in the country in the post-sanctions era. Rouhani m...

North Dakota rig count up by four

Sep 28, 2015 (UPI)

North Dakota bucked the nationwide trend by adding more rigs to its state portfolio with the total number increasing by nearly 6 percent. State data show 71 rig...

Oil prices drop after China industrial profits sink

Sep 28, 2015 (AFP)

Oil prices dropped on Monday in the wake of a sharp fall in industrial profits in China, the latest sign of weakness in the world's largest energy consumer. US ...

Researchers examine tradeoffs, potential of using liquid natural gas as marine fuel

Sep 25, 2015 (SPX)

As the maritime shipping industry transitions toward cleaner fuels in response to new environmental regulations and emissions standards, abundant supplies of na...

Iranian, European firms hobnob with eye on post-sanction bliss

Sep 24, 2015 (AFP)

Iranian and European business leaders gathered in Geneva Thursday to explore the massive opportunities expected to open up when years of biting sanctions agains...

White House: Keystone XL concerns remain

Sep 24, 2015 (UPI)

There's nothing in the narrative on the Keystone XL pipeline offered by Hillary Clinton the White House sees as necessarily disagreeable, a spokesman said. Demo...

Oil inches lower on Caterpillar, weak jobs report

Sep 24, 2015 (UPI)

A gain in weekly U.S. unemployment claims and cost-cutting from heavy machine company Caterpillar pushed crude oil prices lower in early Thursday trading. Brent...

Santos starts LNG production in Australia

Sep 24, 2015 (UPI)

Australian energy company Santos announced it is producing its first batch of liquefied natural gas from a facility on Curtis Island, Queensland. Santos said LN...

Iranian oil conference postponed

Sep 24, 2015 (UPI)

A London conference aimed at detailing new investment opportunities in the Iranian oil sector has been postponed, the group organizing the event said. "The Iran...

Marathon names upstream veteran to board

Sep 24, 2015 (UPI)

At a time when oil companies are slashing exploration budgets, Marathon Oil said it elected a veteran upstream executive to its board of directors. Marathon ele...

Norway lowers key rate on oil price drag

Sep 24, 2015 (UPI)

Growth in the Norwegian economy is expected to be suppressed for the medium term because of the low price of crude oil, the country's central bank said. Norge B...

EIA expects slump in upstream investmentsw/

Sep 24, 2015 (UPI)

Investment in the exploration and production side of the oil and gas sector could flirt with historic lows if oil prices remain depressed, a U.S. brief said. "L...

TransCanada counters Clinton's Keystone XL claims

Sep 23, 2015 (UPI)

In a counter to Hillary Clinton, Keystone XL planner TransCanada said pipelines are the safest and least carbon-intensive ways to transport crude oil. Democrati...

Shale gas a common-sense energy choice, London says

Sep 23, 2015 (UPI)

Natural gas from shale can be the energy bridge toward a greener future while at the same providing economic stimulus, the British government said. The British ...

Total making further spending cuts

Sep 23, 2015 (UPI)

French energy company Total said Wednesday it was cutting its operating expenses by 50 percent for a 2017 spending drop of $3 billion. "Total is executing its p...

Oil firms despite China gloom

Sep 23, 2015 (AFP)

Oil prices edged higher Wednesday, in line with rising European equities, but gains were capped by gloomy Chinese manufacturing data, analysts said. US benchmar...