OIL - AFRICA DAILY

Feb 19, 2015 (UPI)

It's too early to say when production from the Gudrun platform in the North Sea will resume following reports of a gas leak, Norway's Statoil said Thursday. The...

Oil prices off more than 4 percent

Feb 19, 2015 (UPI)

Crude oil prices were down sharply in Thursday trading after U.S. data showed more crude oil held in inventories, putting pressure on the recent rally. The pric...

North Dakota oil boom deflating

Feb 19, 2015 (UPI)

Low oil prices haven't yet dimmed confidence in North Dakota, though there may be concerns lingering over the mid-term horizon, those on the ground said. Oil pr...

U.S. shale oil shows resiliency

Feb 18, 2015 (UPI)

Despite the slump in crude oil prices, production from two premier basins in the United States increased by a combined 33 percent, a forecast from Platts finds....

Air running out of recent crude oil rally

Feb 18, 2015 (UPI)

A string of weak figures from Western economies took some of the steam out of the growth momentum in crude oil prices during the Wednesday trading session. Crud...

Fatality figure raised in Brazilian oil incident

Feb 18, 2015 (UPI)

The number of fatalities attributed to an explosion on an oil production facility off the coast of Brazil was raised by one, contractor BW Offshore said. The co...

Halliburton, Baker Hughes plan stakeholder meeting

Feb 18, 2015 (UPI)

Oil and gas services companies Baker Hughes and Halliburton unveiled plans to review stakeholder options for the planned Halliburton takeover. Halliburton made ...

BP: Post-Arab Spring conflicts curb oil potential

Feb 18, 2015 (UPI)

Regional conflicts in the Middle East and North Africa have left a historic amount of oil on the sidelines, an annual report from BP found. Despite an insurgenc...

NTSB: Oil by rail needs scrutiny after W. Va. incident

Feb 18, 2015 (UPI)

The derailment of a train carrying crude oil from North Dakota through West Virginia is another sign of the need to address safety, a federal regulator said. Th...

Canada federal police warn of growing anti-oil threats

Feb 18, 2015 (AFP)

Canadian police warned in a leaked document Wednesday of growing threats to the country's oil industry by militant climate activists opposed to the use of fossi...

CSX oil-train blaze to burn out on its own

Feb 17, 2015 (UPI)

Fires in and around the scene of a oil-train derailment in West Virginia will be allowed to burn out on their own, rail company CSX said. CSX said it was workin...

Crude oil rally hits snag

Feb 17, 2015 (UPI)

Crude oil markets drifted lower early in the Tuesday session as Middle East violence compounds the pressure from slow growth in the Asian economy. The price for...

Libya's oil economy at risk, envoy says

Feb 17, 2015 (UPI)

Internal conflicts in Libya may leave the country without a source of oil revenue in less than two years, the U.S. ambassador to Libya said Tuesday. The fire th...

Heavy fighting in South Sudan oil zones: defence minister

Feb 17, 2015 (AFP)

Warring forces in South Sudan battled Tuesday in the oil-rich Upper Nile state, the defence minster said, claiming insurgents were trying to capture a key town ...

Russia expects prolonged economic slump

Feb 17, 2015 (UPI)

Russia's economy is entering a period of prolonged retraction because of the dual strains of sanctions and weak crude oil markets, the Economy Ministry said. A ...

Scotland's Wood Group upbeat in weak market

Feb 17, 2015 (UPI)

Scottish energy company Wood Group said Tuesday it was confident it had the mettle to endure the "new commodity price environment." Most energy companies have p...

EU gas security at risk, commissioner says

Feb 17, 2015 (UPI)

Members of the European Union are at risk from a Russian gas supplier that views energy as a political tool, the European energy commissioner said Tuesday. Euro...

UAE says renewed air strikes hit IS oil refineries

Feb 16, 2015 (AFP)

Renewed air strikes by the United Arab Emirates against the Islamic State group have hit oil refineries run by the jihadists, the state news agency reported on ...

Kurds say Baghdad has failed to respect oil deal

Feb 16, 2015 (AFP)

Iraqi Kurdish premier Nechirvan Barzani on Monday accused the Baghdad government of failing to give his autonomous Kurdish region its share of oil revenues desp...

BG Group comes up empty in North Sea

Feb 16, 2015 (UPI)

One week into the tenure of its new chief executive, Norwegian regulators said Monday exploration wells came up dry for BG Group in the North Sea. The Norwegian...