Irina Slav

Latest articles from Irina

• Shell Pushes Forward With $6.4 Billion Gas Project Despite COVID-Crisis

  Published 17 April 2020 | viewed 35,624 times

  Shell has announced the final investment decision on the $6.4-billion Surat Gas Project in Queensland, Australia, the company said in a press release. The project will produce…

• Russia And Saudi Arabia Consider Even Deeper Oil Output Cuts

  Published 17 April 2020 | viewed 141,002 times

  Russia and Saudi Arabia may be ready to enact deeper oil production cuts to stabilize prices, the energy ministers of the two countries said in…

• EV Sales Could Crash By 43% This Year

  Published 16 April 2020 | viewed 31,894 times

  By now, it should be clear to everyone: the fallout of the coronavirus pandemic is killing both the energy and transportation industries, and now the…

• Coronavirus Causes Mass Layoffs In Renewables Sector

  Published 16 April 2020 | viewed 21,153 times

  The renewable energy industry has not been spared by the significant job bleed that the coronavirus pandemic caused in the world’s biggest economy. Last month…

• Brazil Cuts Oil Production On 62 Offshore Platforms

  Published 16 April 2020 | viewed 24,301 times

  Petrobras has started shutting down production at 62 offshore platforms in the shallow waters off its coast, Reuters reported, adding that the cuts will amount to…

• Trump Could Still Slap Tariffs On Foreign Oil

  Published 16 April 2020 | viewed 40,975 times

  Despite the unprecedented global oil production cut agreement from last week, the United States may still impose tariffs on oil imports, Bloomberg reports, citing a Washington…

• Keystone XL Pipeline Permit Canceled Because Of Fish

  Published 16 April 2020 | viewed 22,301 times

  A Montana judge canceled a vital permit for the controversial Keystone XL oil pipeline with the argument that the U.S. Army Corps of Engineers failed…

• Saudi Energy Minister: Global Oil Cuts Could Reach 20 Million Bpd

  Published 15 April 2020 | viewed 56,655 times

  Global oil production cuts could end up rising to 20 million bpd, including forced reduction of output such as already underway in the United States,…

• Oil Prices Sink On Record Breaking 19.2 Million Barrel Crude Build

  Published 15 April 2020 | viewed 153,688 times

  A day after the American Petroleum Institute estimated crude oil inventories had added more than 13 million barrels, the Energy Information Administration confirmed a build,…

• North Dakota Oil Producers Idle 25% Of Wells

  Published 15 April 2020 | viewed 17,014 times

  Oil producers operating in North Dakota have idled more than a quarter of the oil wells in the state, the AP reported, citing a statement by…

• U.S. Refineries In Jeopardy As Gasoline Consumption Plunges

  Published 14 April 2020 | viewed 33,326 times

  Last time when prices at the pump were so low—about four years ago—it was heaven for drivers. Now, with lockdowns across most states, it is…

• Exxon Issues $9.5 Billion In Fresh Debt

  Published 14 April 2020 | viewed 26,685 times

  Exxon sold $9.5 billion in new debt this week ahead of earnings season, amid a rush among oil companies to create for themselves financial cushions…

• China Stockpiled Ultra Cheap Crude During Lockdown

  Published 14 April 2020 | viewed 27,848 times

  China imported crude oil at an average rate of around 10.38 million bpd, for a total of 43.91 million tons, according to calculations made by…

• Gazprom Neft CEO: Oil Could Hit $45 This Year

  Published 14 April 2020 | viewed 47,485 times

  If US states ease national lockdowns and oil demand improves, oil prices could recover to $40-$45 a barrel by the end of this year, the…

• Offshore Oil Could Soon Be Powered By Wind

  Published 13 April 2020 | viewed 38,052 times

  Longer blades, taller towers, more powerful turbines: wind energy seems to be past the peak of innovation now, improving incrementally rather than with breakthrough. And…

• Venezuela Grapples With Extreme Gas Shortage Amid COVID-19 Crisis

  Published 13 April 2020 | viewed 16,707 times

  A group of private oil services companies in Venezuela has called on the government to relax stringent rules against gasoline imports amid critical shortages of…

• G20 Oil Nations Agree To 3.7 Million Bpd Cut

  Published 13 April 2020 | viewed 31,141 times

  Oil producers from G20 have agreed to reduce their combined crude oil output by 3.7 million bpd, according to Iran’s Oil Minister, Bijan Zanganeh, as quoted by…

• OPEC+ Agrees To Less Than 10 Million Bpd Cut

  Published 13 April 2020 | viewed 24,539 times

  OPEC+ has agreed to remove 9.7 million bpd of oil from the market, OPEC said in a press release Sunday, with the cuts beginning next month…

• Are Flow Batteries The Future Of Energy Storage?

  Published 12 April 2020 | viewed 106,431 times

  Rows of huge tanks full of chemical solutions storing energy generated from massive solar and wind farms and powering whole cities: It’s a landscape that…

• Banks Could Start Seizing Shale Assets

  Published 10 April 2020 | viewed 98,117 times

  U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today, citing unnamed sources in the know, who said that the…