OIL - AFRICA DAILY

Oct 16, 2017 (AFP)

A team of 35 specialists led by a senior German police officer will provide advice and assistance to the authorities as they seek to tackle terrorism and corrup...

No North Sea disruptions from Ophelia

Oct 16, 2017 (UPI)

The British Met Office, the national forecaster, said former Hurricane Ophelia is moving across parts of Ireland, Wales and Scotland with winds as strong as 80 ...

One missing, 7 injured in rig explosion near US Gulf Coast

Oct 16, 2017 (AFP)

The offshore oil and gas storage facility, located on Lake Pontchartrain in the southern state of Louisiana, near New Orleans, burst into flames early Sunday ni...

More drilling expected in the North Sea; No disruptions from Ophelia

Oct 16, 2017 (UPI)

The Norwegian Petroleum Directorate said it gave Statoil approval to drill an exploration well in the shallow waters of North Sea. Drilling starts in November a...

All pieces of a new European gas pipeline delivered

Oct 16, 2017 (UPI)

The Trans Adriatic pipeline consortium announced Monday that the final section of the pipeline arrived in Thessaloniki, Greece. That means all pieces have reach...

Hiccup clears for Canada's TransMountain pipeline

Oct 13, 2017 (UPI)

The National Energy Board said it received a letter from those planning the expansion of the Trans Mountain that withdrew a request for relief from measures tha...

Chevron abandons Great Australian Bight drill plans

Oct 13, 2017 (AFP)

The company had planned to drill exploration wells to look for oil or natural gas after acquiring two deepwater blocks spanning more than 32,000 square kilometr...

Results from a shale oil well in Oklahoma better than expected

Oct 13, 2017 (UPI)

The company said Friday that production from a well in the South Central Oklahoma Oil Province, or SCOOP, was about 40 percent better than initial estimates. Th...

Geopolitical risk, Asian demand drives oil prices higher

Oct 13, 2017 (UPI)

Crude oil prices see-sawed wildly during the data-heavy week. Economists at the Organization of Petroleum Exporting Countries sparked a rally Wednesday with a r...

Lebanon gets two bids for offshore gas exploration

Oct 13, 2017 (UPI)

Lebanon in January filed a request to join the Extractive Industries Transparency Initiative, a body that aims to cast light on how countries manage their oil, ...

About 30 percent of Gulf oil production still offline because of Nate

Oct 13, 2017 (UPI)

Nate bounced along the southern U.S. border during the weekend, making landfall twice as a Category 1 hurricane. On Monday, the government said about 92 percent...

Canadian trade group makes pitch for global edge

Oct 11, 2017 (UPI)

"The upstream oil and natural gas sector can meet world energy demands as long as we can access new customers, manage our costs and maintain investment in our s...

OPEC's oil price forecast near a make-or-break point for U.S. shale

Oct 11, 2017 (UPI)

The Goldilocks scenario refers to a price point that's not so high that it encourages a strong drive in crude oil exploration and production, but not low enough...

Iranian energy companies lay out investment options in Amsterdam

Oct 11, 2017 (UPI)

Iranian energy companies are among the hundreds attending an annual offshore energy conference in Amsterdam, which wrapped up Wednesday. The Pars Oil and Gas Co...

McDermott contract to help boost oil offshore Saudi Arabia

Oct 11, 2017 (UPI)

McDermott in its release to the press said work would begin immediately for an unspecified Middle East customer for engineering, procurement, construction and i...

Commitment questions surface over Keystone XL

Oct 11, 2017 (UPI)

Pipeline company TransCanada secured a long-awaited permit from the U.S. government this year to advance its cross-border Keystone XL project to the U.S. Gulf C...

Kurdish oil export payments continue after referendum

Oct 11, 2017 (UPI)

Gulf Keystone Petroleum said Thursday it received a gross payment of $15 million from the semiautonomous Kurdistan Regional Government for oil exported from the...

Tullow sees quick path to production in Ivory Coast

Oct 11, 2017 (UPI)

For an undisclosed sum, Tullow said it was taking a 90 percent stake in four blocks in Ivory Coast from the national oil company, Petroci. Tullow said it planne...

Oil prices move lower on ceiling warning from IEA

Oct 11, 2017 (UPI)

Traders are watching the balance between supply and demand closely as a market tilted heavily toward the supply side last year sent crude oil prices below $30 p...

Statoil makes headway with Barents Sea field development

Oct 11, 2017 (UPI)

Statoil said it signed a letter of intent with Sembcorp Marine Rigs & Floaters in Singapore for contracts related to the construction of the hull and living qua...