OIL - AFRICA DAILY

Harvey forces ExxonMobil to close Baytown refining complex

Aug 27, 2017 (AFP)

"We are in the process of a safe and systematic shutdown of operations," a company statement said. ExxonMobil said it was "taking all precautions" to ensure wor...

Venezuelans learn to shoot, fight at war drills to defy Trump

Aug 26, 2017 (AFP)

War planes, tanks and 200,000 troops of the National Bolivarian Armed Forces (FANB) deployed along with 700,000 reservists and civilians as socialist President ...

Norway wants tech-savvy companies offshore

Aug 25, 2017 (UPI)

"Vast volumes of oil and gas have been discovered on the Norwegian shelf that are still waiting to be produced," Ingrid Sølvberg, the director of development a...

Norway's Statoil takes first steps into Argentina's lauded shale

Aug 25, 2017 (UPI)

Statoil under the terms of the agreement took a 50 percent stake in the Bajo del Toro exploration permit in the Neuquén Basin alongside YPF. The Norwegian comp...

Venezuela's Maduro calls for military loyalty after US threat

Aug 25, 2017 (AFP)

Maduro launched the warning in a speech to his top military leadership, including General Vladimir Padrino, his defense minister, and General Remigio Ceballos, ...

Kuwait says oil shipments to China stable

Aug 25, 2017 (UPI)

Kuwait is a member of the Organization of Petroleum Exporting Countries and helps steer a committee monitoring a multilateral effort to trim the global surplus ...

British foreign minister visits oil-rich Libya

Aug 25, 2017 (UPI)

British Foreign Minister Boris Johnson met with Libyan military officials in Benghazi, marking the first time for such a visit since 2011. The British governmen...

Shareholders in the money as PetroChina first-half profit soars

Aug 25, 2017 (AFP)

Net profit from January to June hit 12.67 billion yuan ($1.9 billion), rebounding from just 531 million yuan in the same period last year, the firm said in a st...

Harvey pushing market prices for oil higher

Aug 25, 2017 (UPI)

Harvey was moving close to the southern coast of Texas as a Category 2 storm, and could strengthen ahead of its expected landfall by late Friday or early Saturd...

Multimillion dollar drilling campaign envisioned for Guinea-Bissau

Aug 24, 2017 (UPI)

The company, which has headquarters in Australia, said the government of Guinea-Bissau signed off on an April agreement with the country's national oil company,...

Kurdish oil export payments boost DNO's performance

Aug 24, 2017 (UPI)

DNO, a Norwegian oil and gas company, has a strong presence in the Kurdish region of Iraq, with a net operated production of 114,000 barrels of oil equivalent p...

Iran secures 8-bln euro loan from Korea Eximbank

Aug 24, 2017 (AFP)

"The biggest contract since the atomic accord was signed with South Korea's Eximbank today for the amount of eight billion euros ($9.4 billion)," said central b...

Gulf platforms shut in, cleared ahead of Harvey

Aug 24, 2017 (UPI)

Anadarko operates 10 installations in the Gulf of Mexico and removed non-essential staff from four of those as Harvey gained strength earlier this week "We cont...

OPEC's all-options strategy not enough to lift the price of oil

Aug 24, 2017 (UPI)

Crude oil prices rallied Wednesday after the U.S. Energy Information Administration issued a report indicating further drawdowns in U.S. crude oil and gasoline ...

Oil-rich Alberta shows early signs of economic recovery

Aug 24, 2017 (UPI)

The provincial government forecast growth in terms of gross domestic product for 2017 at 3.1 percent, up from the budget forecast of 2.65 percent. With a push f...

OPEC backed into a corner, Texas economist says

Aug 24, 2017 (UPI)

The Organization of Petroleum Exporting Countries and a handful of non-member state producers in January started a plan to pull global crude oil inventories clo...

Cambodia starts uncertain path toward oil production

Aug 23, 2017 (UPI)

KrisEnergy said it signed documents outlining plans to develop the Aspara area in the Cambodian waters of the Gulf of Thailand. The company now has 60 days to d...

Some capital moves to fund early Cuban oil work

Aug 23, 2017 (UPI)

Australian company Melbana Energy, one of the few Western companies with an established footprint in Cuba, and the only one listed on Australia's stock exchange...

Staff pulled from Gulf of Mexico platforms ahead of Harvey

Aug 23, 2017 (UPI)

The National Hurricane Center in Miami, Fla., said there are indications that what's left of Tropical Storm Harvey could redevelop into a tropical depression. "...

Colorado proposes oil and gas changes after fatal April explosion

Aug 23, 2017 (UPI)

Two people were left dead and one person was severely injured after a gas explosion in Firestone, a town in Weld County, in April. Anadarko Petroleum, which ope...