Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Equatorial Guinea has become the 14th member of OPEC on the day the cartel announced a nine-month extension of its November 2016 crude oil production…
Libya has insisted that it remains exempt from the oil output reduction deal that OPEC today decided to extend by another nine months, to March 2018.…
Those who watched The Space Between Us would surely have a fresh memory of the plane that Gary Oldman’s character flew from the ground into…
The great majority of oil workers in Norway, or 87 percent,, have agreed on wages for this year with the companies that employ them. The…
A day before OPEC’s meeting in Vienna, where the cartel should announce officially the nine-month extension to its crude oil production cut deal, the Energy…
China’s biggest oil and gas state company, CNPC, is willing to spend US$2 billion on the development of Block 58 in southern Peru. The news…
Colombia’s state energy company Ecopetrol is losing oil production at the rate of 26,000 barrels daily because of protests that forced the company to partially suspend…
In a release of part of the draft budget for fiscal 2018, the Trump administration has proposed halving the strategic petroleum reserve, which will raise…
The British Royal Navy has been preparing to counteract a potential terrorist attack on LNG carriers for the last two years, a source from the…
Saudi Arabia is well known for its super low production costs for oil. In fact, its oil is almost the cheapest to extract. Only Kuwait…
Protesters in southern Tunisia have closed another oil pumping station in the Kebili province, signaling that the months-long sit-ins and gatherings are nowhere near an end.…
The addition of another couple of smaller producers to the OPEC-non-OPEC oil production cut deal will be enough to bring global supply to a more…
GE has closed preliminary agreements with Riyadh on a number of projects worth a collective US$15 billion, the company said. GE’s Vice Chairman John Rice…
Ponzi schemes are an enduring kind of fraud, one of whose many attractions for people looking to make money on other people’s backs is that…
Iraq has made a US$300-million payment to Iran under a power export agreement, according to Azeri news media Trend, quoting Iran’s Deputy Energy Minister Houshang Falahatian.…
Colombia’s crude oil reserves declined by 16.8 percent last year, according to the country’s natural resources ministry, but things are changing this year and more…
OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news…
The number of initial public offerings in the oilfield service sector has so far this year overtaken exploration and production listings by a wide margin, signaling…
The sovereign wealth fund of Saudi Arabia has set up a defense business as part of its efforts to reduce the Kingdom’s dependence on crude…
Brazil’s state energy major Petrobras last distributed a dividend in April 2014. This year could mark the return of the payouts as the company eyes…