Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Russia’s Rosneft has sealed a deal with the Venezuelan government for the development of two of its offshore gas fields for a period of 30…
When it comes to renewables, skeptics tend to point out the lower efficiency rates as opposed to fossil fuels, the high costs, and the dependence…
BP today announced the acquisition of a 43-percent interest in solar power company Lighthouse for US$200 million, following in the footsteps of peers Shell and…
Petrobras chief executive Pedro Parente said at an event yesterday that the company was preparing to announce a partnership for the development of the prolific…
Venezuela has sold its stake in the Cienfuegos refinery to its partner in the joint venture, Cuba. Venezuela’s state oil company PDVSA held 49 percent…
The world’s biggest public oil company is facing a challenge: it needs to continue to grow in a world that is drastically different from what…
The OPEC meeting in Vienna last month was, despite all the hype, always going to be a dull affair. The extension of the oil supply…
Struggling Venezuelan state oil company PDVSA has launched tenders to purchase a total 4.2 million barrels of U.S. and Russian crude oil, which includes up…
Almost two-thirds of oil and gas companies have recently had a serious cybersecurity incident, and only a small minority of them felt confident that their…
The Australian Competition and Consumer Commission blocked BP’s US$1.4-billion (A$1.8 billion) acquisition of Woolworths’ fuel station network after months of negotiations. According to the competition…
Saudi Aramco has announced it will spend US$40 billion annually through 2027, a 25-percent increase on its previous ten-year investment program that was made public…
Amid rising oil prices thanks to the three-week suspension of the Forties pipeline and a major inventory draw estimated by API, the Energy Information Administration…
The oil industry is quickly turning into a pariah as more institutional investor are divesting their fossil fuel portfolios. The latest blow to oil’s popularity…
Oil and cybersecurity in one sentence certainly makes for a thrilling read, and there will be an increasing amount of information on the topic as…
The picture for Venezuela grows grimmer by the day, as tankers waiting to load fuel oil from Venezuela ports grow in number as the national…
Exxon has given in to shareholders who have demanded that the company increase its transparency with regards to the effect of climate change policies on…
Western Canadian heavy crude’s price discount to WTI widened to the most in three years, at US$23 for the January contract and US$27 for the…
The International Energy Agency recently predicted that the United States could become the world’s top LNG exporter within ten years. This prediction, however, is far…
Just two weeks after it pledged to cap its crude oil production at the level of 1 million barrels daily, Libya has sent a signal…
To keep the air of mystery, or whatever remains of it after the November 30 Vienna Club meeting, Kuwait’s Oil Minister Issam al Marzouq yesterday…