Tsvetana Paraskova

Latest articles from Tsvetana

• Venezuela’s Main Crude Oil Port Hit By Spill

  Published 29 March 2017 | viewed 13,872 times

  Venezuela’s main oil terminal, Jose, suffered disruptions in operations on Tuesday after a break in a pipeline had led to a crude spill, Reuters reports,…

• Rystad Energy: Saudi Tax Cut Raises Aramco Value By $1 Trillion

  Published 28 March 2017 | viewed 8,925 times

  Until yesterday, analysts were largely estimating the value of Saudi Aramco well below the Saudi claim that it is worth $2 trillion, but the Kingdom’s…

• Petrofac Wins $1.3B Deal With Kuwait Oil Company

  Published 28 March 2017 | viewed 11,151 times

  London-listed oil services provider Petrofac said on Tuesday that it had won a contract with Kuwait Oil Company for a $1.3-billion gathering center project in…

• EU’s Highest Court Upholds Sanctions Against Russia’s Rosneft

  Published 28 March 2017 | viewed 7,882 times

  The European Court of Justice, Europe’s top court, on Tuesday ruled that sanctions imposed by the UK and the EU on Russia’s oil giant Rosneft…

• Saudi Arabia Slashes Tax Rate For Aramco Preparing For IPO

  Published 27 March 2017 | viewed 11,263 times

  Saudi Arabia is cutting the tax rate on Aramco to 50 percent from 85 percent in a bid to attract international investors for next year’s…

• Will The Oil Price Slide Lead To A Credit Crunch For U.S. Drillers?

  Published 27 March 2017 | viewed 16,116 times

  The recent drop in oil prices, which has almost wiped out the price gains since OPEC announced its supply-cut deal, is coming just ahead of…

• Saudis Invited China’s Sinopec To Invest In Aramco IPO

  Published 27 March 2017 | viewed 8,371 times

  Saudi Aramco has invited China’s Sinopec to take part in the upcoming initial public offering (IPO) of the Saudi oil company planned for next year,…

• Statoil To Invest $2.34B In Norwegian Offshore Projects

  Published 27 March 2017 | viewed 5,914 times

  Norway’s Statoil plans to invest the equivalent of $2.34 billion on extending the lifetime of a field in the Norwegian Sea and starting production in…

• Rosneft, Gazprom Boost Combined Offshore Investment To $1.4B

  Published 27 March 2017 | viewed 5,240 times

  Russia’s top oil producer Rosneft and gas giant Gazprom plan to invest a combined $1.42 billion (80.8 billion rubles) in offshore exploration in 2017, Russia’s…

• Statoil Strikes Oil In Wildcat Well In North Sea

  Published 24 March 2017 | viewed 12,472 times

  Norway’s Statoil has found oil and gas drilling a wildcat well next to producing oil fields in the northern part of the North Sea, the…

• Myanmar-China Oil Pipeline Start-up Delayed

  Published 24 March 2017 | viewed 7,796 times

  Despite recent talks of imminent start-up, the launch of an oil pipeline that would allow China to import crude oil from overseas via Myanmar has…

• TransCanada Gets Presidential Permit To Build Keystone XL

  Published 24 March 2017 | viewed 7,124 times

  TransCanada Corporation said on Friday that the U.S. Department of State had signed and issued a Presidential permit authorizing the company to construct and operate…

• U.S. Electric Grid Could Cost $5 Trillion To Replace

  Published 23 March 2017 | viewed 24,871 times

  Since Nikola Tesla and George Westinghouse lit up Buffalo from Niagara Falls at the end of the 19th century, electricity has been an integral part…

• Goldman Analyst: Arctic Oil Too Expensive To Pursue

  Published 23 March 2017 | viewed 7,742 times

  Much cheaper, shorter-cycle and easier to pump U.S. shale has made Arctic oil exploration economically unjustifiable at the current oil prices, according to Goldman Sachs…

• Oil Product Stocks Drawdown To Prop Up Product Tanker Demand

  Published 23 March 2017 | viewed 7,745 times

  The global oil product inventories have to be drawn down in order to see demand for product tankers pick up, according to Henry Curra, global…

• Saudis Stress Supply In OPEC Cut Deal

  Published 23 March 2017 | viewed 9,415 times

  Amid confusing discrepant production, export figures. and baselines for OPEC’s cut deal, the cartel’s de facto leader and biggest producer and exporter Saudi Arabia is…

• UK Annuls Registrations Of Fraudulent Clones Of Russian Oil Firms

  Published 23 March 2017 | viewed 6,727 times

  Five Russian oil companies have won appeals and lawsuits in the UK to have their fraudulent and unconnected ‘doppelgangers’ that were registered last year removed…

• ICE To Start Offering First-Ever U.S. LNG Futures Contracts

  Published 23 March 2017 | viewed 5,729 times

  As the U.S. has been increasingly growing its LNG exports in recent months, Intercontinental Exchange (ICE) said on Wednesday that it would start trading the…

• Saudis Bet Big On Houston As Drilling Activity Picks Up

  Published 22 March 2017 | viewed 16,103 times

  A Saudi logistics company has just opened a Houston office to seize the opportunity to ship increased volumes of oilfield and plant construction equipment to…

• More Oil Stored Off South Africa Sold Amid Shrinking Contango

  Published 22 March 2017 | viewed 7,958 times

  Commodity trading group Vitol and France’s oil major Total SA have offered out around 11 million barrels of Nigerian crude oil grades for April, Platts…