Articles by Tsvetana Paraskova

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India Boosts Oil, Gas Resource Estimate Ahead Of Bidding Round

India has increased the estimates of its oil and gas resources by 50 percent from the volumes assessed more than 20 years ago, the country’s oil regulator said, just days before launching the first bidding round for acreage that oil companies themselve…


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Strong Oil Demand Growth Supports Oil At $70

Although oil prices were down early on Tuesday, with Brent just below the $70 threshold, robust global oil demand growth and continued OPEC-Russia production cuts are currently supporting the price of oil hovering at the $70 mark and overriding concern…


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India’s Reliance Boosts Export Refinery Capacity By 30%

India’s Reliance Industries has increased the capacity of its export-oriented refinery at the world’s biggest refinery complex by 30 percent to 704,000 bpd, an Indian government report has said. The crude oil processing capacity of the refinery in the …


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India’s Reliance Boosts Export Refinery Capacity By 30%

India’s Reliance Industries has increased the capacity of its export-oriented refinery at the world’s biggest refinery complex by 30 percent to 704,000 bpd, an Indian government report has said. The crude oil processing capacity of the refinery in the …


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ELN Attacks Another Colombian Pipeline As Ceasefire Ceases

Colombia’s Transandino pipeline stopped operating on Sunday after a bomb planted by ELN rebels caused a crude spill into a nearby river, according to a joint announcement by Ecopetrol and the military. The National Liberation Army (ELN) is reported to …


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Norway Desperately Needs Large Oil Discoveries

Thanks to costs cuts and large oil discoveries made before the oil price crash, Norway will be able to sustain its oil and gas production over the next five years. But reduced exploration drilling and lack of big discoveries in the past two years spell…


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Shell Approves Its First North Sea Oil Project In Six Years

Shell is going ahead with the redevelopment of the Penguins oil and gas field in the UK North Sea, the oil major said on Monday in its first major oil project sanction in the North Sea in six years. The final investment decision (FDI) on the project au…


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Shell Buys 43.8% Stake In Silicon Ranch Solar

Royal Dutch Shell approved a deal on Monday to buy a 43.8 percent stake in Silicon Ranch Corp, a solar energy company currently owned by the Partners Group’s energy portfolio. A second agreement signed by Shell also gives it an opportunity to increase …


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China Unlikely To Maintain Record Oil Product Exports

China exported a record volume of refined oil products in December, but the oil price rally has been driving refining margins down in recent weeks. These falling margins mean January’s oil product exports may be lower as its production falls, Reuters c…


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Saudis To Award Nuclear Power Contracts In December

Saudi Arabia expects to award the contracts for the construction of its first nuclear reactors in December this year, and will be picking bidders from the pool of U.S., China, France, South Korea, and Russia, a Saudi official working with the project t…