OIL - AFRICA DAILY

Jun 28, 2015 (SPX)

The United States Department of Defense (DOD) is widely reported to be the single largest consumer of petroleum in the world, spending billions of dollars on fu...

Optimizing shale gas production from well to wire

Jun 28, 2015 (SPX)

"Hydraulic fracturing" (or fracking) and "environmentally friendly" often do not appear in the same sentence together. But as the United States teeters on the p...

Oil prices fall along with Greek optimism

Jun 26, 2015 (UPI)

Anticipation over the pending expiration of a Greek bailout package sent crude oil prices again into negative territory in early Friday trading. Brent crude oil...

Wrench appears in British shale gears

Jun 26, 2015 (UPI)

A British shale pioneer said it was "disappointed but not surprised" a local council denied its permit to explore for oil and gas using hydraulic fracturing. La...

Gas flowing from Moroccan shale

Jun 26, 2015 (UPI)

Irish explorer Circle Oil, which focuses on North African reserves, said gas was flowing from its first shale well drilled into a basin in Morocco. The company ...

Canadian oil producers back lower emissions

Jun 26, 2015 (UPI)

An industry group in the Canadian oil sands sector said it was committed to playing a greater role in the effort to reduce greenhouse gas emissions. The Canadia...

Gazprom: New lines for Nord Stream by 2019

Jun 26, 2015 (UPI)

New corridors along the Nord Stream natural gas pipeline through the Baltic Sea to European markets should be in service by 2019, Russia's Gazprom said. Gazprom...

Oil prices flat awaiting Greece, Iran outcomes

Jun 26, 2015 (AFP)

Oil prices traded flat Friday in a market still devoid of strong demand or supply signals but wary of Greece's cliffhanger debt talks and negotiations about Ira...

Lower 48 drive U.S. oil production gains

Jun 25, 2015 (UPI)

Alaskan oil production declined for the week ending June 19, though Lower 48 gains meant overall output increased, federal data show. Alaskan oil production for...

Statoil changes operating model

Jun 25, 2015 (UPI)

Norwegian energy company Statoil said Thursday it was changing how it does business in an effort to save capital for future growth. The company said it was chan...

Oil prices in slow-drip decline

Jun 25, 2015 (UPI)

Mixed economic news from the United States left crude oil prices drifting lower Thursday, though momentum could shift on any market return from Iran. Brent crud...

Scotland expects North Sea production gains

Jun 25, 2015 (UPI)

Though the industry is in a downturn, the Scottish government said Thursday it expected production from the North Sea to increase by more than 10 percent. Data ...

California beach to reopen after May oil spill

Jun 25, 2015 (UPI)

A unified command responding to the May oil spill off the coast of Santa Barbara, Calif., said El Capitan beach is scheduled to reopen to the public Thursday. T...

Shell brass in Tehran to discuss sanctions

Jun 25, 2015 (UPI)

Officials with Royal Dutch Shell met recently in Tehran to discuss the work potential should sanctions pressure ease, the company confirmed. Negotiators are wor...

British shale gas decision deferred

Jun 25, 2015 (UPI)

A British county council at the center of the evolving debate over hydraulic fracturing said it was reviewing legal advice before deciding on drilling permits. ...

IHS examines next big deal in U.S. shale

Jun 24, 2015 (UPI)

The Wolfcamp Delaware basin, a shale play straddling the Texas border with New Mexico, could be the next big deal, analysis published Wednesday from IHS found. ...

Norway's oil and gas production up

Jun 24, 2015 (UPI)

Oil and natural gas production from Norwegian basins increased last month, with oil output up 2.4 percent year-on-year, the government said Wednesday. The Norwe...

Alaska Sen. Lisa Murkowski ties Iran to U.S. oil export debate

Jun 24, 2015 (UPI)

Iranian sanctions should stay in place as long as policymakers keep a ban on domestic crude oil exports in force, a report from U.S. Sen. Lisa Murkowksi read. D...

Russia was China's top oil supplier in May: report

Jun 24, 2015 (AFP)

Russia became China's top crude oil supplier last month for the first time in a decade, Bloomberg News reported, as Moscow seeks new markets for its crude follo...

Oil prices dip modestly on U.S. GDP figures

Jun 24, 2015 (UPI)

Crude oil prices started the trading day Wednesday relatively flat as concerns about an oversupplied market were offset by declines in the U.S. economy. Brent c...