Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Investor Wilbur Ross, famous for his big appetite for distressed debt, has spent several hundred million on buying debt in the oil and gas industry,…
Bulls grinned on Thursday last week when Brent Crude rallied past the US$50 price mark for the first time in six weeks. The biggest oil…
U.S. oil majors ExxonMobil, Chevron and Hess will bid jointly in the upcoming deepwater oil and gas tender planned by Mexico. The auction, which will…
Three bomb attacks this week in Turkey have led to 11 fatalities and 300 people getting injured, local media report. The attacks, all in the…
The oil infrastructure of ISIS, on which the terrorist group depends for its survival, took another blow yesterday, this time from the U.S.-led coalition forces,…
Last week Saudi Arabia’s Oil Minister said that the large number of short positions on crude have caused prices to fall, even though the market…
The Argentine government has gone back on a promise to cut crude oil prices, after last week it emerged it had reached an unofficial agreement…
The government of South Sudan is determined to ramp up crude oil production by November, so it can start exporting fuels to neighboring Ethiopia, Petroleum…
The planned sale of a majority stake in state-owned oil company Bashneft has been postponed until 2017. Among the reasons cited for the decision was…
Oil prices began climbing shortly after the EIA published its weekly inventory report on Wednesday, which showed that crude oil inventories last week fell by…
China has been working on developing its shale gas resources for a few years now, with mixed success, mainly because of the difficult geology. But…
Nigeria’s losses in daily oil production due to militant attacks have hit 900,000 barrels, said Petroleum Minister Ibe Kachikwu, speaking to CNN. He added that…
The U.S. Southwest has become the location of a significant buildup of methane, a popular greenhouse gas, and the buildup was caused by natural gas…
Preoccupied with oil prices, API and EIA production reports and rig counts, most U.S. oil industry watchers miss one quiet segment of this industry that…
Colombia’s energy sector has shed 40,000 jobs over the last two years, since the oil price rout started, the country’s Labor Minister Clara Lopez told…
Russia is still negotiating an oil production freeze with OPEC, and more specifically with the organization’s number-one producer Saudi Arabia, Energy Minister Alexandr Novak said,…
Gazprom’s partners in the Nord Stream-2 pipeline project have given up the merger plan that would have seen Gazprom, Shell, OMV, French Engie, and German…
If you thought renewable energy was the big thing of our times, you’d be only partially right. The bigger thing is energy storage – the…
The Kenyan government said it has approved a plan for the production of between 2,000 and 4,000 barrels of crude daily. The plan includes an…
Exxon has had its fair share of trouble in Nigeria, what with all the militant attacks, and now it is looking for another route to…