OIL - AFRICA DAILY

Oil production in the Gulf of Mexico shows resilience

Jun 06, 2017 (UPI)

Platts RigData, a forecasting unit within pricing group S&P Global Platts, revealed a total U.S. rig count for May at 1,026, up 6 percent from the previous mont...

Some bearish trends setting in for crude oil

Jun 06, 2017 (UPI)

Crude oil prices declined in the previous session after rifts emerged among key members of the Organization of Petroleum Exporting Countries. Saudi Arabia on Mo...

BP pumps more capital into North Sea programs

Jun 05, 2017 (UPI)

Cape Industrial Services said it secured 400 jobs in the North Sea energy sector in a contract that provides BP with storage tank services and other support acr...

Canada to discuss clean energy with China

Jun 05, 2017 (UPI)

Canadian Natural Resources Minister Jim Carr left Monday for a week-long trade visit to China with a delegation that includes representatives from the energy an...

Russian LNG vessel christened in honor of former Total CEO

Jun 05, 2017 (UPI)

Total CEO Patrick Pouyanne joined Russian Cabinet officials for a ceremony naming a tanker designated for Arctic LNG after former Total CEO Christophe de Marger...

U.S. policy uncertainty, Qatar row, drags oil prices lower

Jun 05, 2017 (UPI)

The January implementation of an agreement led by the Organization of Petroleum Exporting Countries, with help from key producers like Russia, helped establish ...

Qatar row exposes energy risks, British trade group says

Jun 05, 2017 (UPI)

Saudi Arabia and several other nations in the Persian Gulf region severed diplomatic ties with Qatar during the weekend, citing Doha's alleged support for inter...

Cuba could be a game changer, Australian oil company says

Jun 05, 2017 (UPI)

Australia's Melbana Energy Ltd. is one of the few Western oil companies, and the only one listed on the Australian exchange, with active oil and gas operations ...

Iranian energy an area of mutual interest, companies say

Jun 02, 2017 (UPI)

"According the extensive experience of OMV in the Middle East and in Iran, joint geological assessment of blocks will be most effective," Vadim Yakovlev, the fi...

Russia sees a lower-for-longer scenario for oil prices

Jun 02, 2017 (UPI)

Strong growth in the U.S. shale oil market and pro-oil policies from the White House are adding to the sentiment that supply-side strains may linger, pushing cr...

U.S. labor report, Paris decision backlash send oil prices lower

Jun 02, 2017 (UPI)

U.S. President Donald Trump announced Thursday afternoon his country would start the process of leaving the Paris climate accord, or possibly reconfigure commit...

Texas envisions LNG leadership on global stage

Jun 02, 2017 (UPI)

Federal data show U.S. natural gas production should average 74.1 billion cubic feet per day in 2017, a 2.5 percent increase from 2016. The trend, if forecasts ...

Deep-water LNG project offshore Mozambique draws questions

Jun 02, 2017 (UPI)

Italian energy company Eni launched the implementation phase of its Coral South LNG project, a floating facility drawing in the gas reserves discovered by the c...

Financing sought for Russian pipeline through Turkey

Jun 01, 2017 (UPI)

The natural gas company has a planned $700 million investment in a project that will cross through Turkish territory in an effort to tap deeper into the Europea...

Chevron CEO calls 2016 a 'transition year'

Jun 01, 2017 (UPI)

Despite ongoing cash burdens, Chevron posted $2.7 billion in net income, a gain supported by roughly $600 million in divestments. Fourth-quarter results reveale...

Transocean aims to carve out niche

Jun 01, 2017 (UPI)

The company said it completed the sale of a fleet of rigs to rival Borr Drilling Ltd. for total consideration of about $1.35 billion. The fleet includes 15 jack...

Saudi Aramco contracts continue with Amec Foster Wheeler deal

Jun 01, 2017 (UPI)

The Saudi Arabian Oil Co., known commonly as Saudi Aramco, formed a joint venture partnership on Wednesday that aims to spend at least $5 billion on a new facil...

Oklahoma raises tax on energy industry to offset economic strains

Jun 01, 2017 (UPI)

Gov. Mary Fallin signed off on a new budget that her office said closes an $878 million gap while keeping social services like hospitals and nursing homes runni...

Dakota Access pipeline now operational, developer says

Jun 01, 2017 (UPI)

The pipeline, which sparked a months-long protest by Native Americans and environmental groups, is 1,172 miles long. It carries oil pumped out of the Bakken oil...

Shell keeps exploration and production focus in Australia

May 31, 2017 (UPI)

Shell's aviation subsidiary in Australia sold to independent Viva Energy Australia for $250 million in line with the Dutch supermajor's efforts to streamline it...