Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Aramco is considering a bond issue to finance a reported 70-percent stake acquisition in petrochemical giant Sabic from the Saudi sovereign investment fund, Bloomberg reports,…
The Trump administration is pressing Israel to go ahead with a gas pipeline deal it signed with Jordan a few years ago, writes Israeli reporter…
BHP Billiton has concluded the sale of its U.S. shale oil operations to BP and Merit Energy, a local U.S. oil independent, for US$10.8 billion,…
Higher oil prices are invariably good news for oil-dependent economies. The latest price rally is particularly good news for the world’s top oil exporter, Saudi…
French Total booked a 44-percent improvement in its second-quarter net profit on the back of record-high quarterly oil and gas production, the company said today.…
Hindustan Petroleum has cancelled a crude oil shipment from Iran after its insurer refused to provide coverage for the cargo on concern about U.S. sanctions,…
Venezuela’s President Nicolas Maduro announced that the government has granted the country’s central bank a concession for an oil bloc in the prolific Orinoco Belt…
Saudi Arabia halted crude oil and oil product shipments via the Bab el Mandeb chokepoint in the Red Sea after a Houthi attack on two…
The drones are coming to oil and gas and they may soon be intelligent enough to replace humans in on-site inspections. That’s what the latest…
Oil could be back to US$45 a barrel within 12 months, Citigroup’s commodities chief Ed Morse said in an interview with the Financial Post, noting…
A day after the American Petroleum Institute pushed prices up by surprising the market with a draw across the crude oil and fuels inventory board,…
Petrobras has entered exclusive talks with Ouro Preto Oleo e Gas, a company backed by EIG, for the sale of two mature oil field clusters,…
Last week Goldman Sachs ruined the mood of many in the solar industry—at least of those who pay attention to investment bank forecasts—by projecting that…
Large U.S. refiners such as Valero and Philips 66 are set to benefit from a shipping fuel emission rule that will come into force in…
The world’s largest gas importer is also home to the world’s largest reserves of shale gas—gas that is just sitting there, at least for now.…
Russia’s Rosneft is suing five of its partners in the Sakhalin-1 oil project for US$1.4 billion (89 billion rubles), including Exxon, Indian ONGC Videsh, Japanese…
U.S. oil refiners as well as producers are frantically looking for ways to reverse a decision by the country’s largest railroad operator, BNSF Railway Co,…
The first second-quarter results from the oilfield service sector are in, and despite some missed expectations, the future looks bright for two of the top…
Tesla has asked some of its suppliers to return parts of payments that the carmaker has made since 2016 in an attempt to turn in…
Taiwanese refiner Formosa Petrochemical Corp has bought its first-ever cargo of U.S. crude oil—Mars grade—as part of efforts to diversify supplies, Reuters reports, citing a…