Irina Slav

Latest articles from Irina

• Reeling From Low Oil Prices, Saudis Look To Freeze Megaprojects

  Published 17 April 2017 | viewed 25,271 times

  Saudi Arabia will start reviewing a number of multi-billion-dollar infrastructure and development project—remnants from a better past when crude oil prices were in three-digit territory.…

• BP Well In Alaska Spews Oil, Gas

  Published 17 April 2017 | viewed 13,125 times

  Just when it was starting to recover from the Deepwater Horizon fallout, BP has had to report another accident, though much smaller in scale: a…

• Iran Launches New Development Phase For South Pars

  Published 17 April 2017 | viewed 5,561 times

  Iran’s President Hassan Rouhani announced the start of phases 17-21 at its giant offshore South Pars gas field—a development stage worth $20 billion. Rouhani told…

• Iran Ready To Join OPEC’s Production Cut Extension

  Published 17 April 2017 | viewed 25,415 times

  Iran, which has been exempted from the OPEC oil production cut agreement closed last November, is now ready to join the initiative as long as…

• Big Oil Is Set To Disappoint Again With Q1 Results

  Published 16 April 2017 | viewed 12,066 times

  Oil majors will start reporting financial results for the first quarter later this month, prompting the usual flurry of analyst predictions, where some are very…

• North Sea Oil Output Set For Decline

  Published 14 April 2017 | viewed 19,433 times

  North Sea crude oil and condensate production will decline by 40,000 bpd next year as fewer new projects come online, according to research from ESAI…

• Dakota Access To Start Carrying Crude Oil Across State Lines In May

  Published 14 April 2017 | viewed 8,545 times

  Energy Transfer Partners’ $3.8-billion Dakota Access pipeline will begin carrying crude oil from the Bakken play to Illinois on May 14, the company said in a…

• Petrobras Reports 2.74M Bpd Daily Output For March

  Published 14 April 2017 | viewed 10,307 times

  Brazil’s state oil major Petrobras announced that its average daily production last month stood at 2.74 million barrels of oil equivalent, a bit lower than…

• North Dakota Oil Output Hits 1 Million Bpd

  Published 14 April 2017 | viewed 9,175 times

  Crude oil production in North Dakota exceeded 1 million barrels daily in February for the first time in three months, but the increase is temporary as…

• Nigeria On Track To Expand Oil Output Further

  Published 14 April 2017 | viewed 7,812 times

  As OPEC discusses a six-month extension of the oil production cut agreement that it struck in November, Nigeria plans to continue ramping up its own…

• Goldman’s $50 Forecast May Prove Bullish

  Published 13 April 2017 | viewed 27,434 times

  Goldman Sachs is standing by its own base oil price scenario of $50 a barrel, anticipating a stable future for the commodity, with price fluctuations…

• China Just Became The World’s Top Oil Importer

  Published 13 April 2017 | viewed 10,550 times

  With a daily import rate of 9.17 million barrels of crude last month, China broke its own previous record and overtook the U.S. as the largest…

• Can We Expect A Big Draw In Crude Inventories Anytime Soon?

  Published 13 April 2017 | viewed 27,716 times

  With shale producers adding rigs every week, output is rising and so are stockpiles which weighs on prices and curbs their upward potential, ruining OPEC’s…

• Conoco Sells Assets For $3 Billion

  Published 13 April 2017 | viewed 5,865 times

  ConocoPhillips has closed a deal to sell its assets in the San Juan Basin in the Southwestern U.S. to Hilcorp Energy Company for US$3 billion, bring…

• China Ready To Cut Oil Supplies To North Korea

  Published 13 April 2017 | viewed 152,024 times

  Beijing’s patience with North Korea is wearing thin as Pyongyang continues to conduct nuclear missile tests. According to a state Chinese media outlet, Huanqui, China…

• Nigerian Army Destroys 13 Illegal Refineries

  Published 13 April 2017 | viewed 7,289 times

  The Nigerian army said it had destroyed 13 illegal refineries in the Niger Delta – a small portion of the hundreds of such facilities that process…

• Could Guyana Become The Next Oil Hot Spot?

  Published 12 April 2017 | viewed 46,944 times

  ExxonMobil last week announced its third successful oil find offshore Guyana – the tiny Latin American country squeezed between Venezuela and Suriname. The Snoek discovery follows…

• OPEC’s Combined Oil Output Falls Further In March

  Published 12 April 2017 | viewed 9,659 times

  OPEC members pumped a combined 31.93 million barrels of crude daily last month, down 153,000 bpd from February, the group said in the latest edition of…

• Saudi Arabia Keeps Asian Oil Export Volumes Unchanged

  Published 12 April 2017 | viewed 9,154 times

  Saudi Arabia will export full volumes of crude oil to at least three Asian clients next month, sources from the company told Reuters. The move…

• Oil Prices Slip Despite Draw In Crude, Gasoline Inventories

  Published 12 April 2017 | viewed 23,717 times

  A day after Saudi Arabia said it was willing to join a production cut extension and a day after the American Petroleum Institute estimated U.S.…