OIL - AFRICA DAILY

Apr 14, 2015 (UPI)

Strong retail spending in the United States, coupled with expectations of an oil production slowdown, pushed the U.S. benchmark for oil up in Tuesday trading. T...

Summer could bring higher gas prices

Apr 14, 2015 (UPI)

Though gasoline prices are far below the historic average, there may be an increase ahead as demand increases this coming summer, motor club AAA said. "Despite ...

Shell standing above its peers

Apr 13, 2015 (UPI)

Shell's grab of energy giant BG Group and a legal victory for frontier work offshore Alaska leaves rivals in the dust, though environmentalist are unimpressed. ...

IEA: Central Asia, Eastern Europe need to open energy doors

Apr 13, 2015 (UPI)

A more liberalized energy sector in Eastern Europe and Central Asia is necessary for regional energy security, a report Monday from the IEA said. The IEA publis...

Iran says it's ready to send gas to Europe

Apr 13, 2015 (UPI)

Iran can serve as a reliable and steady partner for the European community in terms of natural gas needs, Iran's foreign minister said Monday. Iranian Foreign M...

Good European labor figures boost oil prices

Apr 13, 2015 (UPI)

A glimmer of steady recovery in the European economy helped lift oil prices nearly 2 percent in trading Monday, with Brent moving closer to $60 per barrel. A qu...

Statoil finds more gas in Norwegian Sea

Apr 13, 2015 (UPI)

Norwegian energy company Statoil said Monday it made a gas discovery in the Norwegian Sea in an area near a find made less than a month ago. The company said it...

North Dakota rig slump continues

Apr 13, 2015 (UPI)

The number of rigs actively exploring for or producing oil and gas in North Dakota, is down more than half from its historic peak, state data show Monday. State...

Americas seek stronger energy ties

Apr 13, 2015 (UPI)

Stronger ties in the regional energy sector may help with economic development in the Western Hemisphere, U.S. and Canadian leaders said. Regional dynamics were...

Greenpeace activists leave Arctic-bound oil rig

Apr 12, 2015 (AFP)

Six Greenpeace activists who scaled an Arctic-bound Shell oil drilling rig in the middle of the Pacific Ocean abseiled down on Saturday, with the oil giant secu...

Jihadists attack Iraq's largest oil refinery

Apr 11, 2015 (AFP)

Islamic State militants on Saturday launched suicide attacks against the Baiji oil refinery, Iraq's largest, a senior army officer said. The jihadist group clai...

Study finds a natural oil dispersion mechanism for deep-ocean blowout

Apr 10, 2015 (SPX)

A first-of-its-kind study observed how oil droplets are formed and measured their size under high pressure. They further simulated how the atomized oil spewing ...

Methane monitoring method reveals high levels in Pennsylvania stream

Apr 10, 2015 (SPX)

A new stream-based monitoring system recently discovered high levels of methane in a Pennsylvania stream near the site of a reported Marcellus shale gas well le...

Hoeven: Infrastructure needed for oil boom

Apr 10, 2015 (UPI)

The potential for funding for pipeline safety will help ensure the infrastructure is in place to support U.S. energy trajectory, a North Dakota senator said. "A...

Faroe boasts of North Sea dominance

Apr 10, 2015 (UPI)

Faroe Petroleum said Friday it's among the regional leaders in terms of Norwegian operations after announcing results from a North Sea exploration well. The com...

Statoil makes oil discovery in Gulf of Mexico

Apr 10, 2015 (UPI)

At the same time that its industry peers are touting the region's success, Norwegian energy company Statoil, said it made an oil discovery in the Gulf of Mexico...

Baker Hughes suspends key well count report

Apr 10, 2015 (UPI)

Oil services company Baker Hughes announced it was suspending the publication of a quarterly barometer of the strength of the U.S. onshore energy sector. The co...

Can Argentina Capitalize On Its Vast Shale Reserves?

Apr 10, 2015 (SPX)

Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects. Still, with a resource ...

Oil prices end week up about 1 percent

Apr 10, 2015 (UPI)

Oil prices held steady Friday ahead of key industry data as markets took a wait-and-see approach on strong Chinese economic momentum. Major oil indices barely m...

Woodside closes on Canadian energy acquisition

Apr 10, 2015 (UPI)

Australian energy company Woodside Petroleum announced Friday it closed on a deal to acquire Canadian interests from rival Apache Corp. The company said it comp...