Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Petroleo Brasileiro, Brazil’s state-owned, heavily indebted oil giant, has closed the sell-off of its Argentinean business to local Pampa Energia for US$892 million and its…
Trade between Russia and China in the first quarter of the year grew 3.6 percent on the year, to $14.2 billion. A senior CNPC official…
Last week’s resignation of Turkey’s Prime Minister Ahmed Davutoglu has marked one more stepping stone in President Recep Tayyip Erdogan’s path to authoritarian rule. Erdogan…
The latest survey by the Federal Reserve among senior loan officers has revealed a pessimistic picture. Banks operating in the U.S. are still skeptical about…
A NATO security expert has warned that the Islamic State (ISIS) is working on a driverless car, to replace suicide bombers. Jamie Shea, deputy assistant…
Saudi construction giant Binladin group has laid off tens of thousands of workers, leading to rare protests, as workers torch seven buses demanding compensation as…
The first U.S. shipment of liquefied natural gas (LNG) arrived in Portugal last week and Gazprom did not immediately cut its own gas prices for…
A report by Wood Mackenzie has warned the world may face a daily oil shortage of 4.5 million barrels by 2035. The amount represents around…
Russian Deputy Energy Minister Alexei Teksler said a couple of weeks ago that Chinese state giant CNPC is interested in participating in the partial privatization…
Russia and Saudi Arabia have been (relatively) quietly fighting for market share in China ever since oil prices started their downward spiral in mid-2014—now the…
BP reported an underlying net profit of $532 million for the first quarter of the year and its shares immediately jumped on the London Stock…
Depressed oil prices, rampant corruption, and pipeline vandalism are only parts of Nigeria’s oil problem. It’s now losing a massive 400,000 barrels of crude daily…
A cargo of 650,000 barrels of crude left the Libyan port of Hariga yesterday, in the eastern part of the conflict-torn country, sparking what promises…
Europe is on track to send security experts to Libya after it successfully installed a so-called unity government that is willing to work with international…
On Tuesday, Sinopec, one of China’s top energy companies, received the first LNG cargo at its new import terminal in Beihai. The company is now…
Low oil prices appear poised to claim another energy victim by sidelining the wider adoption of liquefied natural gas (LNG) for shipping fuel by as…
The Brazilian pre-salt bonanza has now officially begun, with Norway’s Statoil and partners announcing production of the first oil and gas from the offshore Gavea…
Though a game-changing gas discovery for Israel and for the discoverer, Texas-based Noble Energy, the giant Leviathan offshore gas field in the Eastern Mediterranean has…
It’s a tricky game that Premier Oil is playing in the ultra-expensive North Sea, but is it finally paying off? Premier Oil, the independent UK…
There is a new drama on the oil front: those who have it in excess can’t get it to those who want it—at least not…