OIL - AFRICA DAILY

U.S.: Security risks in oil-rich Saudi region

Mar 17, 2015 (UPI)

U.S. consular services in Saudi Arabia remain closed five days after a threat surfaced against Western oil workers in the country, the U.S. embassy said. The U....

Oil prices continue slide amid oversupply

Mar 17, 2015 (UPI)

Oil prices continued to slide Tuesday as global supply remains high, sending West Texas Intermediate to a new six-year low and and pushing Brent back down from ...

China probes top executive of state energy giant CNPC

Mar 17, 2015 (AFP)

A top executive of China National Petroleum Corp, the country's biggest energy company, has been put under investigation, authorities said as the Communist Part...

North Dakota creek blocked after oil spill

Mar 16, 2015 (UPI)

A creek in northwest North Dakota was blocked off to prevent runoff from an oil spill from a subsidiary of Occidental Petroleum, the health department said. The...

WTI dips back near historic low

Mar 16, 2015 (UPI)

A pessimistic forecast from OPEC about future U.S. oil production pushed the price for West Texas Intermediate near to its six-year low in Monday trading. Price...

Scotland frustrated by North Sea oil and gas finances

Mar 16, 2015 (UPI)

The Scottish government is calling for a fundamental overhaul in the way oil and natural gas is taxed, the country's deputy first minister said. Deputy Minister...

Iranian oil production near recent record

Mar 16, 2015 (UPI)

As nuclear negotiations enter the home stretch, the Organization of Petroleum Exporting Countries said Iran's oil production is close to a historic high. Irania...

Power planned for giant North Sea oil, gas field

Mar 16, 2015 (UPI)

Norwegian energy company Statoil said Monday it signed a $130 million contract to help develop the giant offshore Johan Sverdrup reserve field in the North Sea....

Eni envisions $5 billion investments in Egypt

Mar 16, 2015 (UPI)

Italian energy company Eni said it signed a framework agreement to develop Egyptian oil and gas reserves that calls for as much as $5 billion in investments. En...

Significant gas discovery made in Libya

Mar 16, 2015 (UPI)

Italian energy company Eni said Monday it made what it considers to be a significant discovery of natural gas off the coast of war-torn Libya. The company said ...

Gorillas vs oil: DR Congo seeking way to explore at Virunga park

Mar 15, 2015 (AFP)

In the Virunga national park, Africa's oldest natural reserve and home to the mountain gorilla, the endangered Great Ape and its habitat are under a new threat:...

Venezuela gears up military machine amid economic crunch

Mar 15, 2015 (AFP)

Rolling out tanks, missiles and 100,000 men, Venezuela launched 10 days of military exercises Saturday, amid sky-high tensions over US sanctions slapped on offi...

Abducted Chinese workers freed in Nigeria: police

Mar 14, 2015 (AFP)

Three Chinese workers kidnapped by gunmen in central Nigeria's Kogi state were released unhurt on Saturday, police said. "I can confirm to you that the abducted...

IEA forecast pulls WTI down 2 percent

Mar 13, 2015 (UPI)

An increase in estimated U.S. crude oil production from the International Energy Agency pushed West Texas Intermediate prices down nearly 2 percent Friday. The ...

Consumers Winning With Low Oil Prices, For Now

Mar 13, 2015 (SPX)

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lo...

Beijing's Island Construction in South China Sea Poses No Threat

Mar 13, 2015 (Sputnik)

China's recently intensified construction works on the reefs it controls in the South China Sea's disputed Spratly Island, are lawful and pose no threat to any ...

Everyone Is Guessing When It Comes To Oil Prices

Mar 13, 2015 (SPX)

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowi...

North Dakota rig count near five-year low

Mar 13, 2015 (UPI)

The number of rigs actively exploring for or producing oil or natural gas in North Dakota is down to its lowest level in nearly five years, data show Friday. St...

Shell lays out welcome mat to USW

Mar 13, 2015 (UPI)

Shell said it's time to welcome striking workers back into the fray after finding "common ground" with negotiators from the United Steelworkers union. USW initi...

Exxon: Exploit U.S. energy abundance

Mar 13, 2015 (UPI)

U.S. policymakers are called on to adopt the energy policies necessary to take advantage of the new era of abundance, the chairman of Exxon Mobil said. Some ene...