Irina Slav

Latest articles from Irina

• The Truth About Permian Shale Break-Even Prices

  Published 13 October 2016 | viewed 49,951 times

  Despite OPEC’s best efforts, shale boomers are still alive and kicking—at least some of them. More precisely, those that came first, chose the best acreage,…

• Oil Production Starts At Giant Kashagan Field

  Published 13 October 2016 | viewed 26,163 times

  Commercial-scale production at Kazakhstan’s giant Kashagan field in the Caspian Sea has started at a daily rate of 90,000 barrels, the country’s Energy Minister Qanat…

• Oil Prices Extremely Volatile After Massive Crude Build

  Published 13 October 2016 | viewed 28,329 times

  The Energy Information Administration tipped markets towards bear territory when it reported that U.S. crude oil inventories had jumped by 4.9 million barrels in the…

• Oil Drillers Trapped in a High-Debt-No-Cash Vicious Circle

  Published 12 October 2016 | viewed 15,539 times

  While OPEC and Russia are talking about freezing or even cutting crude oil production to restore the market balance – and pushing up prices in…

• It’s Final: Rosneft Just Got Bigger

  Published 12 October 2016 | viewed 6,911 times

  Rosneft has closed the acquisition of smaller sector player Bashneft, after Prime Minister Dmitry Medvedev signed a decree for the divestment of the government’s 50.075-percent…

• OPEC Freeze Talks Boost Russian Ruble, Attract Investors

  Published 12 October 2016 | viewed 5,369 times

  The oil price rebound that followed Russian President Putin’s announcement that the country is ready to join OPEC in output freeze negotiations pushed up the…

• Iraq Ramping Up Oil Output To New Heights

  Published 12 October 2016 | viewed 7,976 times

  Iraq’s oil output in Kurdistan is set to increase when Norway’s DNO completes its plans to add four new wells in the Tawke field. The…

• Elon Musk Strikes Back At Big Coal

  Published 11 October 2016 | viewed 12,272 times

  Tesla’s Elon Musk struck back at Robert Murray, chief executive of Murray Energy Corp., after the latter called Tesla “a fraud” in an interview. In…

• BP Gives Up On Drilling Project In The Australian Bight

  Published 11 October 2016 | viewed 5,300 times

  BP has quit a US$600-million drilling operation in the Great Australian Bight. According to the company’s Australian managing director for exploration and production, Claire Fitzpatrick, the…

• Oil Falls As OPEC Production Hits Record In September

  Published 11 October 2016 | viewed 19,059 times

  The International Energy Agency reported today that crude oil output in OPEC reached a new record of 33.64 million barrels per day, causing crude oil…

• Russia Nears Completion Of First Floating Nuclear Plant

  Published 10 October 2016 | viewed 22,277 times

  Russian company Zapsibgidrostroy (it’s a mouthful, yes) has begun the construction of the docks that will carry the world’s first floating nuclear power plant to…

• IEA: Global Energy Efficiency Up Amid Oil Price Rout

  Published 10 October 2016 | viewed 6,202 times

  The world’s energy efficiency rose by 1.8 percent last year despite the oil price crash that saw crude trade at 60 percent lower levels than…

• Iran, Iraq Bow Out Of Next OPEC Meeting

  Published 10 October 2016 | viewed 22,691 times

  Iran and Iraq will not send their oil ministers to an OPEC meeting scheduled for this week on the sidelines of the World Energy Congress…

• Gulf Coast Refineries Resume Operations After Hurricane Matthew

  Published 10 October 2016 | viewed 5,993 times

  Crude oil refineries and gas terminals along the Gulf Coast have taken steps to resume operations in the wake of Hurricane Matthew, which did only…

• Kurdistan Oil Exports Revenue Hits US$328M In September

  Published 07 October 2016 | viewed 7,662 times

  The Kurdistan Regional Government in Iraq received US$328 million from crude oil exports in September. The average daily amount that flowed by pipeline to the…

• Shell Quits Oil Terminal In Washington

  Published 07 October 2016 | viewed 9,714 times

  Shell has given up its plan to build an oil train unloading terminal near Anacortes, Washington, that would have received 60,000 barrels of crude daily…

• Chad Slaps Exxon With Fine 5 Times Its GDP

  Published 07 October 2016 | viewed 9,611 times

  The High Court of Chad has ruled that an Exxon-led consortium must pay a fine of US$75 billion for failing to meet its tax obligations…

• Is Russia Diversifying Away From Oil Fast Enough?

  Published 06 October 2016 | viewed 12,958 times

  Russia needs to diversify away from oil and gas, and fast, says the chief executive of the country’s largest lender, Sberbank. According to German Gref,…

• India’s Big Oil Clears Way For Smaller Players

  Published 06 October 2016 | viewed 5,208 times

  India’s biggest E&Ps – ONGC and Oil India – have announced that they won’t be taking part in 67 tenders for the development of newly…

• Brazil Opens Door Wide To Foreign Oil Companies

  Published 06 October 2016 | viewed 7,960 times

  Brazil’s Senate yesterday scrapped the obligation to local state-owned giant Petrobras to act as operator of all oil and gas projects in the pre-salt deposits…