OIL - AFRICA DAILY

Jul 07, 2015 (UPI)

Output from Saudi Arabia and Iraq helped lead to the fourth straight monthly increase from the Organization of Petroleum Exporting Countries, a survey found. A ...

Study: Natural gas operations leak more methane than estimated

Jul 07, 2015 (UPI)

Gas is elusive. It's inevitable that some natural gas escapes during the drilling process, but new research suggests drilling operations in the Barnett Shale re...

California shore mostly cleared of oil

Jul 07, 2015 (UPI)

Nearly two months later, crews are working to recover the last of the oil left from a pipeline breach in California, a response team said. Line 901, a pipeline ...

Gas prices could go up, AAA says

Jul 07, 2015 (UPI)

Though retail gasoline prices are holding steady, motor club AAA said an increase in consumer demand could lead to further spikes through August. The national a...

Oil prices mixed amid uncertainty over Greece, China

Jul 07, 2015 (AFP)

Oil prices finished mixed on Tuesday as investors faced growing uncertainty over the Greek debt crisis and China's efforts to stem a stocks rout in the world's ...

Kurdish government in Iraq selling more oil

Jul 07, 2015 (UPI)

The semiautonomous Kurdish government in Iraq said it increased direct oil sales in response to debts stemming from budget cuts imposed by Baghdad. The Kurdish ...

Oil struggles to correct after Monday's drop

Jul 07, 2015 (UPI)

Crude oil prices were mixed in early Tuesday trading, with some corrections emerging after a major sell off greeted triple international market threats. Major c...

Report: Brazil's Petrobras wading dark waters

Jul 06, 2015 (UPI)

British energy consultant Douglas-Westwood said the prospects of turning 16 billion barrels of potential Brazilian barrels of oil into reality may be dubious. D...

North Dakota rig activity leveling out

Jul 06, 2015 (UPI)

The exploration and production sector in North Dakota is holding steady for the second straight week in a sign of building equilibrium, data show. Government da...

Iran envisions post-sanctions oil era

Jul 06, 2015 (UPI)

With nuclear negotiations dragging on, an Iranian energy official said a new type of oil contract is ready nonetheless for a possible post-sanctions era. Irania...

Oil markets hammered by Greece, Iran and China

Jul 06, 2015 (UPI)

Crude oil markets suffered a severe blow Monday amid a range of concerns stretching east from Vienna to Beijing with major indices down more than 4 percent. Wes...

Eni starts production at giant Venezuelan gas field

Jul 06, 2015 (UPI)

Italian energy company Eni said Monday it started production at the Perla gas field, the largest field of its kind found off the coast of Venezuela. "Perla was ...

French businesses hoping to beat the rush back into Iran

Jul 04, 2015 (AFP)

Since the start of tortuous nuclear negotiations with Iran, France has been seen as taking the toughest stand. Now as a deal nears, Paris must be ready to dash ...

U.S. proposes tighter pipeline spill rules

Jul 02, 2015 (UPI)

A proposal requiring pipeline operators to report spills within an hour of their discovery will help mitigate damage, the U.S. transportation secretary said. Th...

Momentum builds behind giant Norwegian oil field

Jul 02, 2015 (UPI)

Delineating which company holds what percentage of the interest in Norway's giant Johan Sverdrup field boosts development potential, executives said. Partners t...

Oil prices rebound after dismal week

Jul 02, 2015 (UPI)

Crude oil prices recovered some of the ground lost in recent sessions on the back of steady U.S. labor figures and assessments over Iranian nuclear talks. Brent...

BP to pay record $18.7 bn over Gulf of Mexico oil spill

Jul 02, 2015 (AFP)

British energy giant BP said Thursday it had agreed to pay a record $18.7 billion to compensate the US government and five states for damages stemming from the ...

Russian, Ukrainian gas talks collapse

Jul 01, 2015 (UPI)

European leaders said they'd get to work on proposing new strategies after natural gas talks between Russian and Ukraine collapsed in Vienna. European Commissio...

Canada awards license for LNG exports to Asia

Jul 01, 2015 (UPI)

A Canadian energy regulator said it approved an export license that allows Quicksilver Resources to send liquefied natural gas to Pacific Rim markets in Asia. Q...

Argonne analysis shows increased carbon intensity from Canadian oil sands

Jul 01, 2015 (SPX)

The U.S. Department of Energy's Argonne National Laboratory this week released a study that shows gasoline and diesel refined from Canadian oil sands have a hig...