Articles by Tsvetana Paraskova

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Tesla Has Been Cryptojacked

Hackers have infiltrated a public cloud environment owned by Tesla Inc and have cryptojacked it to mine cryptocurrency, a Cloud Security Intelligence (CSI) team at cybersecurity startup RedLock said on Tuesday. “Hackers not only gained unauthorized acc…


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Shell Eyes Permian Assets To be Sold By BHP Billiton

BHP Billiton Ltd. may soon sell its assets in the Permian Basin to Shell, a company trying to boost its production activities in the Permian Basin, according to a new report by Bloomberg. Shell began drilling in the Permian in 2012, just a couple years…


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U.S. Crude Exports Hit A Major Milestone

“There could not be a better time to offer this service as domestic production surpasses 10 million barrels per day in the ever-dynamic global crude oil market,” Tom Shaw, president of the Louisiana Offshore Oil Port (LOOP) said on Sunday as the first …


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Congo Looks To Renegotiate $2 Billion Debt To Oil Trading Firms

Congo Republic has appointed investment bank Lazard to help it renegotiate US$2 billion worth of debt to oil and commodity traders Trafigura and Glencore, as the African country seeks to bring its debt back to sustainable levels, Reuters reported on Tu…


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Congo Looks To Renegotiate $2 Billion Debt To Oil Trading Firms

Congo Republic has appointed investment bank Lazard to help it renegotiate US$2 billion worth of debt to oil and commodity traders Trafigura and Glencore, as the African country seeks to bring its debt back to sustainable levels, Reuters reported on Tu…


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Fitch: EVs Growth Could Lead To Peak Oil Demand By 2030

Greater product awareness and technological changes could fast track the adoption of electric vehicles (EVs) that could plausibly lead to a peak oil demand before 2030, Fitch Ratings said on Tuesday. Although this is not the rating agency’s core scenar…


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India Will Lead Global Oil Demand By 2035

Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts. But in the latter part of 2017 and early in 2018, robust oil demand growth — …


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Wine For Oil: Alberta’s Revenge

An ongoing trade battle between British Columbia and Alberta over a crude oil pipeline expansion project grew in scope on Monday, after an announcement that BC planned to challenge the rival province’s ban of its wine, according to a new report by Reut…


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Iraqi Oil Minister To Discuss Ceyhan Exports In Turkey

Iraqi oil minister Jabbar al-Luiebi is set to visit Turkey this week to discuss the future of the Ceyhan-Kirkuk oil pipeline, a statement from the Iraqi oil minister said on Monday, according to Reuters. Turkey and Iraq are warming to each other as the…


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Noble Energy Announces New Deal To Supply Egypt With Israeli Gas

Texas-based Noble Energy announced a new deal that will supply Egypt with natural gas from pumped from fields in Israel, according to a report by The Dallas Morning News. Noble Energy and its partner, Delek Drilling-LP, said Egypt would receive 2.3 tri…