OIL - AFRICA DAILY

Aug 03, 2015 (UPI)

British energy company BG Group said Monday it started producing oil from a basin off the coast of Brazil using a floating production platform. The company said...

Oil prices start August with a thud

Aug 03, 2015 (UPI)

Crude oil prices suffered heavy losses Monday, the first full trading day of August, as Greek and Chinese economic ailments dragged down demand prospects. Brent...

Kurds announce oil payment mechanism

Aug 03, 2015 (UPI)

The Kurdish government in Iraq said Monday it would allocate some of its revenue to international oil companies on a monthly basis to help cover their expenses....

Adriatic oil, gas exploration raises concerns for Croatia tourism

Aug 02, 2015 (AFP)

As Croatia gears up for exploration of oil and gas in the Adriatic sea, green groups have raised concerns about the environment and economy of the tourism-depen...

Kerry sets off on Mideast trip to Egypt, Doha

Aug 01, 2015 (AFP)

US Secretary of State John Kerry departed late Friday to Egypt for cooperation talks and to Qatar, where he hopes to ease Gulf countries' concerns about the Ira...

Warren Buffett And Elon Musk To Spark A Lithium Boom

Aug 01, 2015 (SPX)

The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery gigafactory are igniting a battle for the cheapest ...

Crude oil prices drift lower

Jul 31, 2015 (UPI)

Crude oil prices fell back into negative territory Friday after midweek gains following status quo statements from OPEC and little gains in the eurozone. Brent ...

Despite Senate support, oil export debate unsettled

Jul 31, 2015 (UPI)

A bill passed in the U.S. Senate that would end a ban on crude oil exports was hailed as a geopolitical victory, though opponents questioned the evidence. "Ther...

Chevron: Second quarter results are weak

Jul 31, 2015 (UPI)

Exploration and production operations for Chevron were "particularly hard hit" as it posted a massive year-on-year drop in reported earnings, its CEO said. Chev...

OPEC frets over oil price volatility

Jul 31, 2015 (UPI)

The Organization of Petroleum Exporting Countries said in a joint statement with Russia price volatility and oversupply was damaging the market for crude oil. R...

BG Group posts poor earnings, but boosts production

Jul 31, 2015 (UPI)

BG Group, the third largest British oil and gas company, said Friday its earnings fell 65 percent, but still posted an increase in exploration and production. T...

Shell resumes offshore oil drilling in Arctic

Jul 31, 2015 (AFP)

Oil giant Shell has resumed offshore drilling operations in Alaskan waters, the company said Friday, after one of its icebreakers was delayed for nearly two day...

Kurdish oil work secure, British company says

Jul 31, 2015 (UPI)

Production in the Shaikan oil field in the Kurdish north of Iraq is continuing without disruption despite regional security woes, Gulf Keystone Petroleum said. ...

Natural seeps likely cause of California sheen

Jul 30, 2015 (UPI)

Two months after a pipeline spill, oil sheen appearing off the California coast is consistent with what would be expected from natural seeps, a geochemist said....

Saudis Expand Price War Downstream

Jul 30, 2015 (SPX)

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10....

Ghana to put West Africa on oil radar

Jul 30, 2015 (UPI)

One of the larger oil fields in Africa, the so-called TEN project, is on pace to start production by the middle of next year, Tullow Oil declared. The deepwater...

Judge fines Greenpeace for blocking Shell Oil ship

Jul 30, 2015 (AFP)

A US judge Thursday slapped a $2,500 fine on Greenpeace for every hour its activists continue to block a Shell Oil ship headed for Alaska on a drilling expediti...

Shell expects prolonged oil market downturn

Jul 30, 2015 (UPI)

Though crude oil prices may recover to $90 per barrel, Royal Dutch Shell said Thursday it was planning for a downturn that could last "several years." "We have ...

U.S. tightens safety for oil transit by rail

Jul 30, 2015 (UPI)

Regulators are taking another step in ensuring the safe transport of crude oil by rail by mandating better brake monitoring, the transport secretary said. The F...

Analyst: Iranian gas no panacea for Pakistan

Jul 30, 2015 (UPI)

Completing a natural gas pipeline from Iran won't be the "silver bullet" expected by the government in Islamabad, analysis finds. Iran, the five permanent membe...