Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
After slashing capex plans for 2020 and idling rigs by the dozen, U.S. shale drillers are still not ready to return to their default state…
The world's largest offshore rig operator Transocean has hired Lazard to advise it on strategic alternatives for its capital structure, Bloomberg has reported, citing a…
The last active drilling rig in Wyoming was idled yesterday, leaving the state with no operating rigs for only the second time in its oil…
BP now says it will reduce its oil and gas production by 40 percent by 2030 as part of its pivot to low-carbon operations. But…
The Mexican government may need to effect changes in the country’s constitution to strengthen its control of state oil giant Pemex, President Andres Manuel Lopez…
A week after it reported the heftiest crude oil draw in more than six months, the Energy Information Administration once again had good news for…
At least one part of the oil industry should be happy about OPEC+’s easing of production cuts beginning this month, and this part is refiners…
On Monday, OPEC’s relaxation of its historic production cuts began—and oil prices responded by falling as the market braced for more oil. Monday morning’s price…
President Donald Trump has fired the chairman of the largest federal planning agency in the U.S.—the Tennessee Valley Authority—saying the federal-owned utility hired foreign workers…
More than thirty billion dollars: this is the size of the collective debt of oil and gas companies that filed for bankruptcy protection in the…
Marathon Petroleum will idle two refineries indefinitely, transforming them into a terminal and a renewable diesel facility, the company said in an update. “On July…
Russian oil companies pumped 16 percent less oil last month than a year earlier, government data reported by Interfax showed. At 39.63 million tons, Russia’s…
China may have saddled itself with as much as $42 billion in unpaid renewable energy subsidies, but it pales in comparison to the enormous amount…
Rosneft has discovered oil in a new field in Western Siberia, with reserves estimated at 20 million tons of crude oil (146.6 million barrels) and…
It’s abundant, and it’s emissions-free: the heat from the earth’s mantle that reaches well into the crust and gives deep drillers a headache occasionally is…
Solar panel installations hit a total 629 GW last year--an increase of 12 percent from 2018. It was also a lot—really a lot—of panels. And in a…
Some 2,800 new wells will be drilled in Canada this year, according to the Petroleum Services Association of the country. This is the third downward…
French Total and Apache Corp have made a new, major oil discovery in the offshore Block 58 in Suriname, the two companies said. “We are…
Seven percent - that's the portion of electric vehicles and plug-in hybrids as a percentage of total sales as of the first quarter of this…
Saudi Arabia booked a deficit of $29 billion for the second quarter of the year because of the continued slump in oil prices and oil…