OIL - AFRICA DAILY

Dec 17, 2014 (UPI)

The Sudanese government aims to increase oil reserves by tapping more than 250 new wells next year, the country's oil minister said. South Sudan gained control ...

Chevron suspends Ukrainian shale efforts

Dec 16, 2014 (UPI)

U.S. energy company Chevron said it was still looking for opportunities in Ukraine, but opted to shelve a contract to tap the country's shale gas potential. In ...

Chinese slowdown further drag on oil

Dec 16, 2014 (UPI)

Signs of a slowdown in Chinese manufacturing hammered an already-bruised oil market, pushing Brent crude oil to its lowest point in five years. The price for Br...

Stanford professor discusses minimizing impact of fracking

Dec 16, 2014 (SPX)

Natural gas power plants emit less carbon dioxide than coal power plants, but must be carefully managed to prevent air and water pollution. Natural gas from hyd...

Islamists mount air raid near key Libyan oil terminals

Dec 16, 2014 (AFP)

Islamist militias launched an air strike near key oil terminals in eastern Libya on Tuesday, stepping up a battle for the government-held facilities, a security...

North Dakota funds economic diversity effort

Dec 16, 2014 (UPI)

Grants totaling more than a quarter of a million dollars will help communities across North Dakota diversify their economy, U.S. Sen. John Hoeven, R-N.D., said....

U.S. drivers saving millions of dollars on gas

Dec 16, 2014 (UPI)

Consumer benefits of low oil prices are "abundantly clear" as U.S. drivers are saving more than $400 million per day on gasoline, motor club AAA said. AAA repor...

More Kurdish oil expected after field upgrades

Dec 16, 2014 (UPI)

Oil companies working in the Kurdish north of Iraq said Tuesday they completed infrastructure that should increase total production by more than 60 percent. Hun...

Encana: U.S. shale tops agenda despite low oil prices

Dec 16, 2014 (UPI)

Capital efforts in U.S. shale basins for 2015 are tailored to account for a "volatile price environment," Canadian energy company Encana said Tuesday. Encana sa...

Norway's Oil Decline Accelerating

Dec 15, 2014 (SPX)

New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has pains...

New major gas find offshore Israel

Dec 15, 2014 (UPI)

An Israeli energy company said it's discovered what may be the third largest natural gas basin in the country in the eastern Mediterranean Sea. Minority partner...

Iran to seek end to 'cruel' sanctions on energy

Dec 15, 2014 (UPI)

Iran will tread carefully in negotiations with world powers with the aim of ensuring relief from sanctions targeting the energy sector, Iran's president said. I...

Impact and toxicity of biocides used in fracking remains largely unknown

Dec 15, 2014 (SPX)

A Colorado State University-led research team has completed the most comprehensive review to date of the environmental fate and toxicity of the biocides most co...

Offshore Congo exceeds Eni's expectations

Dec 15, 2014 (UPI)

A production test from a field located offshore Congo has exceeded company expectations, the top executive at Italian energy company Eni said Monday. Eni said i...

North Sea oil player, Noreco, hurt by low oil prices

Dec 15, 2014 (UPI)

Noreco, a Norwegian energy company focused on North Sea oil operations, said Monday its financial situation was deteriorating because of low oil prices. Crude o...

Oil price indices get minor lift

Dec 15, 2014 (UPI)

Though OPEC ministers said the market will determine the floor, crude oil prices rallied Monday on word Libyan clashes closed two key oil terminals. Global crud...

After Lima, Peru criticized for oil policies

Dec 15, 2014 (UPI)

The United Nations said Monday it was concerned by a Peruvian proposal to sanction oil operations despite a legacy of heavy pollution and rights abuses. Human r...

Apache dumps Australian, Canadian LNG assets

Dec 15, 2014 (UPI)

U.S. energy company Apache Corp. announced Monday it was selling its stakes in Australian and Canadian gas projects for $2.75 billion. "I am proud of Apache's l...

China extends $2bn credit line to Angolan state oil firm

Dec 15, 2014 (AFP)

Angola's state oil company Sonangol will benefit from a new $2.0 billion line of credit from the Chinese Development Bank to finance new projects, the state oil...

Boat protest against Canaries oil prospecting

Dec 13, 2014 (AFP)

Protesters plunged half-naked into the icy sea and unfurled banners Saturday to try to stop oil prospecting near Spain's Canary Islands, a major tourist destina...