Irina Slav

Latest articles from Irina

• It’s Final: Rosneft Just Got Bigger

  Published 12 October 2016 | viewed 6,923 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 5,382 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 7,998 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 12,351 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 5,317 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 19,189 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 22,442 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 6,216 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 22,780 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 6,015 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 7,771 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 9,728 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 9,681 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 13,093 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 5,220 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 8,032 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…

• Can Microwave Technology Compete With Fracking?

  Published 05 October 2016 | viewed 38,682 times

  There’s 1.5 trillion untapped recoverable barrels of crude in the U.S. – an amount equal to the world’s total proven reserves that can pretty much…

• Oil Prices Continue Their Rally As EIA Reports Surprise Draw

  Published 05 October 2016 | viewed 27,857 times

  Crude oil inventories in the U.S. reached 499.7 million barrels in the week to September 30, the EIA reported, down by 3 million barrels from…

• Lower Oil Income Cuts Out US$9B From Iraq’s Forex Reserves

  Published 05 October 2016 | viewed 5,411 times

  Persistently low oil prices have wiped out US$9 billion from Iraq’s foreign exchange reserves over the past 12 months. The current figure is US$50 billion,…

• China, U.S. Mull Plans to Halt Coal & Oil Shipments to North Korea

  Published 05 October 2016 | viewed 4,994 times

  The U.S. and China are discussing measures to contain North Korea’s nuclear drive, after the country announced its fifth nuclear missile test in early September.…