OIL - AFRICA DAILY

Dec 19, 2014 (UPI)

An aide to Russian President Vladimir Putin said Friday recent banking measures should sustain the rise in the value of the Russian currency, the ruble. In his ...

Statoil ready for work in vast North Sea field

Dec 19, 2014 (UPI)

Norwegian energy company Statoil said Friday it awarded a drilling contract to oil services company Schlumberger for the vast Mariner field in the North Sea. Di...

Enbridge oil pipeline restarted after spill

Dec 19, 2014 (UPI)

Canadian energy company Enbridge said it restarted an oil pipeline that feeds U.S. Midwest markets from Alberta after an earlier release of 1,350 barrels. Enbri...

Keystone XL no longer makes sense, critics argue

Dec 19, 2014 (UPI)

A memo sent to the White House by lead environmental groups argues the Keystone XL pipeline planned from Canada fails key climate tests. Pipeline company TransC...

War hurting Libyan oil, but NATO rules out intervention

Dec 19, 2014 (UPI)

With conflict curbing Libya's oil potential, NATO officials said they've reviewed the situation, but have not discussed any military role in the country. Last w...

Crude oil prices riding global stock market waves

Dec 19, 2014 (UPI)

Word of a revision to Chinese growth domestic product and continued rallies in major stock market indices helped lift crude oil prices in global trading Friday....

Oil spill closes Enbridge line in Saskatchewan

Dec 18, 2014 (UPI)

Canadian pipeline company Enbridge said it shut down a pipeline in Saskatchewan after more than 1,000 barrels of oil were spilled. Enbridge closed its Line 4 pi...

Chevron halts effort to explore Beaufort

Dec 18, 2014 (AFP)

Chevron has suspended plans for Arctic exploration offshore Canada due in part to uncertainty following the drop in oil prices, the company told regulators this...

UN sends team to clean up Bangladesh oil spill

Dec 18, 2014 (AFP)

The United Nations said Thursday it has sent a team of international experts to Bangladesh to help clean up the world's largest mangrove forest, more than a wee...

Marathon trims capital programs for 2015

Dec 18, 2014 (UPI)

Marathon Oil Corp. said trimming its 2015 capital program by 20 percent was a reflection of the need to manage cash flow in the bear market for crude oil. Marat...

Oil markets climb along with global stock indices

Dec 18, 2014 (UPI)

Steady improvements in the U.S. economy and economic assurances offered Thursday by the Russian president helped right the ship for crude oil markets. Russian P...

Nature fires back at EIA shale gas critique

Dec 18, 2014 (UPI)

The journal Nature stands by the accuracy of a feature questioning the longevity of the growth in U.S. shale natural gas, the features editor said Thursday. The...

New York state bans fracking

Dec 17, 2014 (AFP)

Governor Andrew Cuomo said Wednesday he would ban hydraulic fracking in New York State, citing health concerns about the controversial oil and gas drilling tech...

Sen. Hoeven: Keystone XL tops agenda for new Congress

Dec 17, 2014 (UPI)

The Keystone XL oil pipeline planned to cross the U.S.-Canadian border will be the first order of business for the next Congress, Sen. John Hoeven said. A Keyst...

Oil Price Tumbles After OPEC Releases 2015 Forecast

Dec 17, 2014 (SPX)

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to O...

Norwegian oil production down 5 percent

Dec 17, 2014 (UPI)

Production figures from Norway show average daily oil production down about 5 percent year-on-year, a national regulator said in Wednesday report. The Norwegian...

Kurdish oil vital for Iraq, London says

Dec 17, 2014 (UPI)

Developing the oil export potential in the Kurdish region of Iraq will help secure the future of a united country, the British energy minister said Wednesday. I...

Energy group questions Bristol Bay moratorium

Dec 17, 2014 (UPI)

Alaskan energy producers expressed dismay over a presidential decision to put the Bristol Bay off limits, though environmentalists lauded its stewardship. Presi...

Obama bars oil, gas drilling in Alaska haven

Dec 17, 2014 (AFP)

President Barack Obama declared Alaska's ecologically rich Bristol Bay off-limits for oil and gas exploration on Tuesday, saying the move was necessary to safeg...

Oil prices land blow to OPEC, EIA says

Dec 17, 2014 (UPI)

The U.S. Energy Information Administration warned OPEC members might need to trim their budgets as oil prices continued their steady decline Wednesday. "Further...