OIL - AFRICA DAILY

Europe calls for 'realistic' natural gas projects

Jul 10, 2015 (UPI)

European energy security depends in part on "realistic and feasible" infrastructure through central and southern European countries, a commissioner said Friday....

Oil prices rise but gains capped by China, Greece

Jul 09, 2015 (AFP)

Oil prices rose Thursday, clawing back ground after recent sharp losses, while gains were capped by concerns surrounding the impact of China's and Greece's prob...

New study shows that oil from surface-spill slicks can sink to sea floor

Jul 09, 2015 (SPX)

A first of its kind study that modeled oil slick weathering over time in a laboratory setting provides evidence that evaporation combined with sinking of the he...

Don't panic, nothing has really changed in the oil markets

Jul 09, 2015 (SPX)

Monday's 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamenta...

House revisits push for Keystone XL

Jul 09, 2015 (UPI)

A committee from the Republican-led House of Representatives said it issued a subpoena to the State Department on the permit process for Keystone XL. The House ...

Saipem loses Russian pipe-laying contract

Jul 09, 2015 (UPI)

Italian energy services company Saipem said Thursday it received word from Gazprom its contract to build a natural gas pipeline through Turkey was cancelled. Th...

Kurdish oil expectations lowered

Jul 09, 2015 (UPI)

British energy company Gulf Keystone Petroleum said Thursday it was lowering its production expectations from Kurdish assets because of adverse market factors. ...

Trend bucked; more drilling planned for Texas

Jul 09, 2015 (UPI)

After unloading stakes in the Eagle Ford shale in Texas, Pioneer Natural Resources said it plans to boost drilling in an emerging area in the west of the state....

Minor condensate spill reported in North Dakota

Jul 09, 2015 (UPI)

The North Dakota government reported a minor spill of so-called condensates migrated to a drainage ditch feeding a creek in the west of the state. About 1 barre...

OPEC influence debated during House export hearing

Jul 09, 2015 (UPI)

U.S. House leaders heard testimony largely in support of lifting a ban on crude oil exports, though debate over OPEC's market role emerged on the margins. The H...

West Africa: Next big deal in oil?

Jul 08, 2015 (UPI)

With the right investment strategies, the emerging offshore oil prospects in West Africa could be the industry's next big deal, an executive leader said. West A...

Shell suffers early arctic setback

Jul 08, 2015 (UPI)

Royal Dutch Shell confirmed an icebreaker carrying a piece of safety equipment to a drilling site in arctic Alaskan waters suffered a minor hull breach. A Shell...

Saudi royal visits US warship amid regional tensions

Jul 08, 2015 (AFP)

A US aircraft carrier in the Gulf hosted one of Saudi Arabia's most powerful figures, official media said on Wednesday, as regional concerns mount over alleged ...

Russian economic winds blow cold in Chinese border town

Jul 08, 2015 (AFP)

The warmth of the friendship between Chinese President Xi Jinping and Russia's Vladimir Putin -- who meet Wednesday for the eighth time in two years -- does lit...

Two dead in Brazilian accident tied to Petrobras

Jul 08, 2015 (UPI)

In the second incident of its kind this year, two workers on a construction project operated by Brazil's Petrobras died as a result of drowning, a union said. T...

Middle East, Africa standouts in rig activity

Jul 08, 2015 (UPI)

Activity in the exploration and production side of the energy sector increased only in the Middle East and Africa last month, Baker Hughes said Wednesday. The o...

Ukraine reviews domestic gas options

Jul 08, 2015 (UPI)

Ukraine's prime minister said the country must wean itself off foreign natural gas within 10 years, offering tax breaks as an incentive to private companies. "U...

Barnett shale research raises new concerns about methane emissions

Jul 08, 2015 (SPX)

Researchers from the University of Houston found that some natural gas wells, compressor stations and processing plants in the Barnett Shale leak far more metha...

Marginal oil price rally continues

Jul 08, 2015 (UPI)

Though Chinese economic concerns are lingering on the horizon, crude oil prices again recovered on easing worries over Greek debt and Iranian nuclear deals. Cru...

Canada oil sands emits more carbon than from US crude

Jul 07, 2015 (SPX)

The production of petroleum from Canada's oil sands is on the rise with much of it destined for U.S. refineries. As the U.S. takes stock of its greenhouse gas e...