OIL - AFRICA DAILY

Blaze extinguished at Libya's largest oil field

Feb 16, 2015 (UPI)

Though flames are out at a pipeline from its largest oil field, the Egyptian bombing of Islamic State targets in Libya show terrorists are gaining ground. The f...

Crude oil markets extend rally

Feb 16, 2015 (UPI)

Crude oil prices extended their rally into the third week of February as U.S. rig activity declined and Middle East violence escalated Monday. Brent crude oil p...

Kiev sued by shale natural gas explorer

Feb 16, 2015 (UPI)

JKX Oil & Gas, a company that bet on Ukrainian shale gas potential, said Monday it launched legal action against Kiev, claiming treaty violations. "JKX is seeki...

Iran sees oil investments dwindling

Feb 16, 2015 (UPI)

Iranian Oil Minister Bijan Zangeneh said Monday the budget for the country's energy sector was on a steady path toward "nil." The minister addressed lawmakers M...

Earthquake activity linked to injection wells may vary by region

Feb 15, 2015 (SPX)

The Williston Basin in north central U.S. produced fewer earthquakes caused by wastewater injection than in Texas, suggesting the link between seismicity and pr...

Methane emissions vary at natural gas gathering and processing facilities

Feb 15, 2015 (SPX)

A new study led by Colorado State University found wide variations in the amount of methane being emitted at U.S. natural gas gathering facilities and processin...

Oil slump not necessarily bad news for climate

Feb 14, 2015 (AFP)

Since the 1970s, the renewable energy sector has usually trembled each time oil goes through the "bust" phase of the commodity cycle. When crude was dear, users...

Crude oil prices extend rally, up 3 percent

Feb 13, 2015 (UPI)

Positive news about economic growth in Europe helped extend a rally for crude oil prices, with Brent trading up more than 3 percent in early Friday trading. The...

World Bank: Oil-rich Kurdish economy shrinking

Feb 13, 2015 (UPI)

Despite its vast oil wealth, the World Bank said it expects the economy of the semiautonomous Kurdish region of Iraq to shrink because of regional crises. Oil w...

Plans submitted for Norway's Johan Sverdrup field

Feb 13, 2015 (UPI)

The Norwegian government said Friday it received development and operational plans for the Johan Sverdrup field, among the largest in national waters. Plans wer...

U.S. oil sector slowing, on and offshore

Feb 13, 2015 (UPI)

Though oil prices are moving to fresh highs, quarterly reports for offshore and U.S. shale companies show the industry behind market swings is slowing down. A s...

Bodies recovered from Brazilian oil installation

Feb 13, 2015 (UPI)

A team is surveying conditions on a production platform off the Brazilian coast after five workers died as a result of an explosion, BW Offshore said Friday. Th...

Feds may open arctic Alaska to drillers

Feb 13, 2015 (UPI)

The U.S. Interior Department said it's closer to opening the Chukchi Sea off the Alaskan coast to energy explorers after a lengthy court battle. The federal gov...

Exxon moves ahead with Alaska LNG project

Feb 12, 2015 (UPI)

Exxon Mobil said it submitted a draft environmental report to federal regulators for a $500 million liquefied natural gas project in Alaska. A preliminary engin...

Alberta weighs in on Keystone XL measure

Feb 12, 2015 (UPI)

The White House should give the bilateral energy partnership strong consideration when mulling its next steps on Keystone XL, Alberta's premier said. Members of...

Peru gives Argentine oil firm three days to leave Amazon

Feb 12, 2015 (AFP)

Peru's government said Thursday it would give an Argentine oil company three days to withdraw from an area in the Amazon where its presence had sparked violent ...

Oil rallies on back of Ukrainian truce

Feb 12, 2015 (UPI)

A cease-fire in Ukraine helped offset otherwise weak economic indices Thursday, giving oil prices more than a 3.5 percent lift early in the trading day. Multila...

Shale industry irked by Pennsylvania tax proposal

Feb 12, 2015 (UPI)

The state's governor said gas taxes will help schools, but an energy coalition working in Pennsylvania said it will discourage capital spending plans in shale. ...

Gazprom seeks Ukrainian gas payments

Feb 12, 2015 (UPI)

With a $17.5 billion agreement from the International Monetary Fund in hand, Russian gas company Gazprom said Thursday it was time Ukraine settled its debt. "Th...

Oil wanes in Iranian budget plans

Feb 11, 2015 (UPI)

Iran has restructured its budget in such a way as to shield the economy from oil price volatility, a parliamentary planning official said. The Iranian governmen...