Kenya is headed to become the first oil exporter in East Africa, moving in less than five years from being a have-not nation to the regional leader in cutting reliance on energy suppliers such as Royal Dutch Shell Plc.
Norwegian gas exports to the UK have been disrupted following a loss of power at a North Sea platform.
The Statoil-operated Heimdal Riser platform was shut down on Wednesday evening, affecting gas production from the Oseberg field.
Russia will probably boost duties on most oil shipments abroad by 5.5 percent on Sept. 1 after Urals crude prices rose.
Al Arabiya reports that Iraqi crude sales hit a 16-month low in July as exports along a northern pipeline stalled even as production rose, the oil ministry said on Wednesday.
Hydrocarbon Procesing has reported that the Obama administration has approved a plan by Lake Charles Exports to export US natural gas from a terminal in Louisiana, despite concerns that greater amounts of exports will result in higher natural gas prices at home.
A dive in the Russian rouble has propelled record volumes of gasoline to better-paying export markets in recent months, prompting the government to consider restricting shipments in an effort to avoid a repeat of protests seen two years ago, Reuters reports.
BP Plc (BP/) failed to sell Azeri Light at a higher price than the previous bid. No bids or offers were made for North Sea Forties crude after the loading program showed an increase in September exports.
The US House of Representatives will vote next week on legislation aimed at slashing Iran’s ability to export any oil, the Jerusalem Post reports.
Prime reports that Russian President Vladimir Putin has signed the law on a differentiated tax regime for unconventional oil production.
AFP reports that a Nigerian agency that has blockaded liquefied natural gas exports for three weeks, costing $475 million in revenue, agreed Friday to end its action after resolving a fees dispute, the company said.