OIL - AFRICA DAILY

Experts: Mexican oil could have profound regional impact

Jul 24, 2015 (UPI)

The opening up the Mexican energy sector under the Peña Nieto administration could bring profound changes to regional energy security, experts testified. A sub...

Shale player Encana expects forward momentum

Jul 24, 2015 (UPI)

Drawing on momentum in U.S. shale basins, Canadian energy company Encana Corp. said Friday it expected production to increase for the rest of the year. "We cont...

Weatherford: Future looks grim

Jul 24, 2015 (UPI)

With few prospects for a recovery in the crude oil market, rig services company Weatherford said it was making deeper cuts in its North American portfolio. "Mar...

Eni reinvigorated by Egyptian gas potential

Jul 24, 2015 (UPI)

Italian energy company Eni said it was strengthening its commitment to Egypt following the discovery of significant gas deposits in the Nile Delta. Eni Chief Ex...

Crude oil shrugs off bear market signs

Jul 24, 2015 (UPI)

Crude oil prices moved modestly higher in early Friday trading as a forecast for recovery in part trumped indications of a looming bear market. West Texas Inter...

British shale pioneer to push back against local council

Jul 24, 2015 (UPI)

British shale pioneer Cuadrilla Resources said it planned to appeal June's decisions by a county council to deny permits for a hydraulic fracturing campaign. "W...

More Job Losses Coming To US Shale

Jul 24, 2015 (SPX)

With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude o...

Methane emissions from natural gas transmission and storage facilities

Jul 24, 2015 (SPX)

A comprehensive study of natural gas transmission and storage facilities led by Colorado State University (CSU) researchers has found that the total amount of m...

Friends and foes debate U.S. energy landscape

Jul 23, 2015 (UPI)

The American Petroleum Institute said there is still more work to do as U.S. lawmakers work to craft legislation that matches the shale energy landscape. "The l...

Shell still on arctic hot seat, advocacy group says

Jul 23, 2015 (UPI)

Legal counsel for advocacy group Oceana said that, while pressure hasn't stopped Shell's slow march to arctic oil, feet can be still held to the fire. The Burea...

Iran deal fuels tussle for gas pipelines in Pakistan

Jul 23, 2015 (AFP)

A landmark deal on Iran's nuclear programme has breathed new life into plans for a gas pipeline through Pakistan -- and sparked a geopolitical tussle, with Russ...

Oil down, but not out, amid glimmers of hope

Jul 23, 2015 (UPI)

Crude oil prices held steady in early Thursday trading amid continuing signs of a strong U.S. labor market, though major indices remain considerably weak. West ...

Rig company Hercules posts heavy quarterly loss

Jul 23, 2015 (UPI)

Low crude oil prices suggest activity in the exploration and production side of the energy sector will stay depressed, U.S. rig company Hercules Offshore said. ...

Expert: Gazprom facing dual containment

Jul 23, 2015 (UPI)

Russian energy ambitions may be contained by European political and Asian diversification schemes, a strategic studies researcher said. Russia aims to expand it...

China has drilling rigs close to disputed waters: Japan

Jul 22, 2015 (AFP)

China has put 16 drilling rigs close to its de facto maritime border with Japan, Tokyo said Wednesday, in the latest twist in a row over gas fields in waters di...

Murkowski breaks rank on oil tie to highway funding

Jul 22, 2015 (UPI)

Sen. Lisa Murkowski, a vocal supporter of the oil industry, said selling oil from strategic national reserves to fund highway projects was bad policy. Murkowski...

Shallow fracking raises questions for water

Jul 22, 2015 (SPX)

The United States now produces about as much crude oil as Saudi Arabia does, and enough natural gas to export in large quantities. That's thanks to hydraulic fr...

Oil prices lower on weak sentiment

Jul 22, 2015 (UPI)

Signs that oil markets are weighted on the supply side and lingering uncertainty about price trajectories send crude oil prices lower in Wednesday trading. Crud...

U.S. reminds rail companies of oil rules

Jul 22, 2015 (UPI)

Companies sending oil from the Bakken shale reserve area by rail are reminded of their responsibility to give advance traffic notices, a federal regulator said....

EU extends loan to assist with Ukrainian reforms

Jul 22, 2015 (UPI)

The European Commission said Wednesday it agreed to extend financial assistance to Ukraine, a key energy transit country, to help with economic reforms. The com...