Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
A year ago, oil producers in the shale patch were the object of a kind of sympathy – barely alive, many of them on the…
Gazprom Neft said today it had launched production from two new wells at its Arctic oil field Prirazlomnoye, bringing the total to six. Prirazlomnoye is…
China will invest US$3 billion in the upgrade of Iran’s oil refining facilities, Iranian media reported, with the bulk of the investment going into the…
Gazprom reported a net profit of US$12.36 billion (737.4 billion rubles) for the first nine months of 2016, an improvement on its nine-month 2015 result,…
A day after the API reported a 5.04-million-barrel decline in commercial U.S. crude oil inventories, the Energy Information Administration crushed hopes of a prolonged price…
The latest Drilling Productivity Report released by the Energy Information Administration has shown that crude oil output in the shale patch will continue rising next…
Demand for public land in Texas from energy companies has gone up since July 2016, but income from the leases has dropped, reflecting the low…
OPEC, in its latest Monthly Oil Market Report, raised its forecast for global crude oil demand to 95.60 million barrels daily, up by 1.16 million…
The state-owned companies of Argentina and Bolivia, YPF and YPFB, respectively, have signed an oil services agreement that will see the two partner in the…
Independent oil and gas player Noble Energy said it will buy smaller peer Clayton Williams Energy in a bid to expand its footprint in the…
The latest U.S. Energy and Employment Report has forecast that the sector of energy efficiency will see a 9-percent increase in employment this year –…
International insurance companies have found a way around U.S. sanctions on Iran still in place and will now offer almost complete cover on outgoing crude…
Crude oil production in the Asia-Pacific is falling at a unique rate, according to a report from Wood Mackenzie, with China accounting for about half…
Forces of the Saudi-led coalition against the Houthi rebels in Yemen and the rebel group are fighting in the southwestern Yemeni region of Bab el-Mandeb,…
A Saturday missile attack by the Islamic State against the eastern Syrian city of Deir ez-Zour was followed by an air strike by the Syrian…
This year will see further volatility in oil prices despite international efforts to restore the market to balance and improve prices more consistently. This push…
Russia’s Mineral Resources Minister, Sergei Donskoi, has demonstrated strong optimism about the direction oil prices are going this year and next. He believes that Brent…
Russia’s Economy Minister Anton Siluanov said that the country’s Reserve Fund could be maintained this year at international oil price levels of US$50 a barrel.…
China satisfied 64.4 percent of its crude oil demand with imports last year because of high production costs at home and favorable international prices resulting…
Anadarko has struck a deal to sell its assets in the Eagle Ford shale play to Sanchez Energy Corp. and Blackstone group for US$2.3 billion.…