Tsvetana Paraskova

Latest articles from Tsvetana

• How The Oil Price Slump Affected The Ultra-Rich

  Published 28 September 2016 | viewed 28,896 times

  Last year, the world’s ultra-rich added a bit more to their combined wealth and now hold a total of US$30 trillion in net assets. The…

• Sunoco Logistics Buys Vitol’s Assets In The Permian For $760M

  Published 28 September 2016 | viewed 6,729 times

  Sunoco Logistics Partners (NYSE:SXL) has reached an agreement to buy the crude platform of energy and commodity trader Vitol Group in the Permian Basin in…

• India Okays Purchase Of $3.2B Stake In Russian Oil Fields

  Published 28 September 2016 | viewed 10,362 times

  India’s government approved on Wednesday two stake purchases by a consortium of Indian companies of Russian oil fields worth a combined US$3.2 billion. The Indian…

• Iran’s President Says Economy Withstands Low Oil Price Trouble

  Published 28 September 2016 | viewed 8,890 times

  Iran has been spared the economic troubles that other oil-producing countries have been facing with the low crude prices, as the government has managed to…

• Italy’s Eni Seeks Billion-Dollar Loan For Mozambique Gas Project

  Published 28 September 2016 | viewed 5,916 times

  Italy’s oil and gas major Eni has contacted banks to ask billions of U.S. dollars to finance the development of the huge Coral field offshore…

• First US Shale Gas Arrives In Scotland Amid Controversies

  Published 27 September 2016 | viewed 4,218 times

  The first tanker loaded with shale ethane extracted from U.S. fields reached Scotland’s Grangemouth site of chemicals company Ineos on Tuesday, rekindling the shale controversy…

• The Oil Glut Will Bleed Into 2017, Says IEA Chief

  Published 27 September 2016 | viewed 6,681 times

  The International Energy Agency (IEA) executive director Fatih Birol does not see the oil market rebalancing until late next year, expressing a gloomier view on…

• UK’s Labour Party Vows To Ban Fracking If Elected

  Published 26 September 2016 | viewed 3,259 times

  The UK’s opposition Labour Party will ban fracking ‘outright’ if it wins the next general elections, shadow international trade secretary Barry Gardiner said at the…

• Saudi Arabia Bolsters Bank Lending With $5.3B Support

  Published 26 September 2016 | viewed 5,182 times

  In a bid to support financial liquidity amid the low oil prices, Saudi Arabia’s central bank will be injecting US$5.33 billion (20 billion riyals) into…

• Oil Rises, Skepticism Too, As OPEC Meets To Talk Output Deal

  Published 26 September 2016 | viewed 9,807 times

  Crude prices rallied on Monday as OPEC members gathered in Algiers to start discussing possible joint moves to prop up the market, but investors are…

• Fire At Aramco Oil Terminal In Saudi Arabia Injures 8

  Published 20 September 2016 | viewed 11,423 times

  A fire at Saudi Aramco’s oil terminal Ras Tanura injured eight workers on Tuesday morning, but oil and gas operations at the site have not…

• U.S. Drivers Squander $2.1 Billion On Premium Gasoline Annually

  Published 20 September 2016 | viewed 6,025 times

    Over the past 12 months, U.S. drivers splurged more than US$2.1 billion on premium-grade gasoline for vehicles designed to run on regular gasoline, the…

• Can Solar-Powered Floating Art Save California From Drought?

  Published 19 September 2016 | viewed 17,474 times

  California’s Santa Monica is home to more than three miles of beaches and fresh breeze from the Pacific, and is one of National Geographic’s top…

• Shifting Strategies: Big Oil Looking At Low-Cost Fields

  Published 19 September 2016 | viewed 9,850 times

  Oil supermajors have come to realize that shrunk capex plans will make their exploration efforts profitable in lower-cost, lower-risk areas, and have changed drilling tactics…

• Egypt to Begin $10B Privatization Plan With Oil Firms

  Published 19 September 2016 | viewed 8,619 times

  Egyptian authorities intend to start their initial public offerings (IPOs) program with state-held oil companies, in a plan to raise US$10 billion from listings in…

• S&P Cuts Nigeria Ratings As Low Oil Output Plagues Economy

  Published 19 September 2016 | viewed 5,357 times

  Standard & Poor’s Global Ratings has further downgraded Nigeria’s sovereign credit rating to ‘B’, five levels below investment grade, citing a significant decline in oil…

• Coalition Air Strikes Wipe Out More ISIS Oil Assets In Syria

  Published 16 September 2016 | viewed 10,949 times

  Coalition military forces have carried out 10 air strikes against ISIS targets in Syria, destroying five supply routes, oil well heads and oil tanker trucks,…

• Democrat Attorney General Probes Exxon’s Accounting Practice

  Published 16 September 2016 | viewed 4,659 times

  ExxonMobil Corp (NYSE:XOM) has come once again under investigation by Democratic New York Attorney General Eric Schneiderman, who is investigating why the U.S. giant is…

• New Oil & Gas Discovery In Mature Area Of Norway’s North Sea

  Published 16 September 2016 | viewed 8,718 times

  The partners of a license in a mature area in Norway’s North Sea have struck oil and gas close to the Gjoa field, the operator…

• Reroute Of Oman-Iran Gas Pipeline Increases Costs

  Published 15 September 2016 | viewed 8,464 times

  The Iran-Oman gas pipeline will be more expensive than initially thought after the two countries agreed to alter the original route plan to avoid passing…