Sentences with phrase «as oil reserves»

As oil reserves are being depleted, the world has been turning its attention to plant - based energy sources.

There is increasing clamour for such fuels as oil reserves deplete.

Malyshkina and Niemeier predict that as oil reserves shrink, and the need for a replacement becomes more pressing, people's behaviour and that of the market is likely to change.

Not exact matches

It zoomed into hydrogen, only to put on the brakes in the mid-2000s after regulators found that Shell vastly overbooked oil reserves, a scandal that prompted Shell to refocus on what it saw as the part of its business that really counted.

As detailed in the first three installments of Power Shift, an NBC News / CNBC special report, the United States is experiencing an energy boom created by new drilling technologies that have unlocked vast domestic oil and natural gas reserves.

That's bad news for an industry that's seen its access to the world's 1.34 trillion barrels of recoverable oil reserves shrink to about 20 % as governments from Russia to Venezuela progressively nationalize their oil industries.

Recently appointed as the nation's first special representative for the Arctic, Admiral Robert Papp arrives in the region just as Russia and Canada are clamoring for a piece of its vast oil and gas reserves, and as Shell is exploring for oil in American waters.

Blessed as we are with the world's third - largest oil reserves, Canada's mission was to help fill America's growing gap between domestic supply and demand.

Foreign exchange has been an area of some concern for Saudi in recent months as the crash in the price of oil forced the country to expend its FX reserves to levels not seen in over three years, and draining the country's economy.

With the oil reserves in the Middle East threatened, the world could also turn to Canadas energy resources as a haven for a world in conflict.

This underscores their efficiency and innovation in drawing on oil reserves that were largely out - of - reach as recently as 10 or 12 years ago.

Last month, Oslo - based Rystad Energy shared a report that shows the U.S. as now having the world's largest reserve of recoverable oil, with 264 billion barrels in existing fields, unconventional shale and as - yet undiscovered areas.

The manual is highly technical and outlines concerns specific to the industry, including accounting rules for oil reserves, how to review engineering reports, environmental issues such as potential oil spills and other risks.

The reason efficiency is declining is due to decline in oil reservoir quality the world over as the best reserves of this finite resource were produced first and more recent production is more energy - intensive using enhanced oil recovery techniques.

Admittedly we are a net importer of oil (increasingly so as Bass Strait reserves diminish), but Australian entities make large exports of natural gas and thermal coal, whose prices are highly correlated with oil prices over time.

JULY 2012: Mitchell Anderson, as part of a larger project in collaboration with Tides Canada reporting on Canada's transition to cleaner energy, travels to Norway and a files widely read stories on how that nation has gained far more wealth from its oil reserves than has Alberta.

Alta Mesa Resources, Inc. is a publicly traded (NASDAQ: AMR, AMRWW) independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas reserves in the eastern portion of the Anadarko Basin referred to as the STACK.

The boom in unconventional fuels — such as bitumen extracted from Alberta's tar sands and oil extracted from North Dakota's Bakken shale formation by hydraulic fracturing («fracking»)-- has swelled global reserves even as climate scientists issue ever - sterner warnings that burning more than a small fraction of these reserves would be suicidal.

Oil and gas companies, the most profitable corporations in history, are counting their fossil fuel reserves as money in the bank and continuing to spend capital on finding and developing even larger reserves.

As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).

With Suncor is positioned nicely from a reserve standpoint, with operations in northern Alberta (which is second only to Saudi Arabia in production among oil sands regions), its valuation should rise to be more in line with peers, especially as supermajors continue to battle it out for conventional reserves.

2012 wasn't their best year although they have vast proven oil reserves in Trinidad and Tobago as well as other interests in Colombia, Texas, Georgia and Puntland (Somalia).

But those supply gains will taper off to 2.5 per cent next year and average less than 2 per cent annually through 2030 as pipeline and regulatory hurdles curtail investments in the world's third - largest oil reserves, CAPP said.

Why don't more people simply do the MATH of reserves vs. demand instead of treating oil supplies as mystical or unknowable?

You are citing hypothetical «oil in place» and pretending it's the same as recoverable reserves.

Shell's quest for new reserves has seen it pump billions into money - devouring plays such as its Athabasca Oil Sands Project in northern Alberta and the Kashagan oilfield, a deeply troubled project in Kazakhstan.

As of December 31, 2016, the Company had approximately 1.7 billion barrels of oil equivalent (BOE) of proved reserves.

enezuela has offered India a 30 - percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital currency backed by crude oil reserves.

The Canadian province, which holds the world's third - largest crude reserves, is reviewing renewable - energy policies as exports from its oil sands face increasing opposition from environmental groups and lawmakers in the U.S. and Europe.

The American economy will strain to support elderly dependents comprising a third of its population, but the Iranian economy will collapse — particularly given the projection, common among economists, that, by about 2020, Iran will be a net importer, rather than exporter, of oil, as its reserves dry up.

For example, contrast the # of oil / mineral companies employing «flood geology» as opposed to mainstream geology to locate reserves.

And when the u.s. dollar is removed as the reserve currency for world oil purchases you had better hope that the poor will inherit the earth because all most people will have left is hope.

2 ounces dried mushrooms (such as morels, porcini, shitakes, and chanterelles) 3 tablespoons unsalted butter or extra virgin olive oil 1 cup pearl barley 1 stalk celery, cut into 1/4 - inch dice 1 medium leek (white part only), split lengthwise, cut into 1/4 - inch slices 1 medium onion, cut into 1/4 - inch dice 1 medium carrot, cut into 1/4 - inch dice 1 medium turnip, cut into 1/4 - inch dice 2 cloves garlic, finely chopped Salt 6 sage leaves, finely chopped (reserve stems for the herb sachet) 3/4 pound assorted fresh mushrooms, trimmed, cleaned, and cut in half 3 1/2 quarts unsalted vegetable stock * Herb sachet (6 reserved sage stems, 4 sprigs Italian parsley, 2 sprigs thyme, 1 bay leaf, 1/4 teaspoon fennel seeds, 1/4 teaspoon coriander seeds, and 1/4 teaspoon black peppercorns) Freshly ground white pepper

Once they're done cooking, set some aside in a bowl (drained of oil) for the risotto, and reserve about two tablespoons of the oil as well for toasting up your bread later.

Vegetables 4 large red onions 1 medium eggplant 4 large (or 8 medium) Roma tomatoes 1 teaspoon dried thyme 1/2 cup olive or grapeseed oil Pesto 4 cloves garlic 1/2 cup good olive oil 3/4 cup lightly roasted pine nuts, plus one tablespoon for garnish 2 cups basil leaves, reserving four small leaves for garnish * 3/4 cup good - quality green olives, such as Cerignola, pitted 1 scant tablespoon capers Salt to taste

ingredients ROASTED RACK OF PORK: 2 tablespoons ground coriander (toasted) 2 tablespoons ground cumin (toasted) 2 tablespoons Kosher salt 1 teaspoon freshly ground black pepper 5 pounds rack of pork (center cut, rack of bones removed to use as a roasting rack) 2 tablespoons olive oil CHERRY BOURBON SAUCE: 1 cup bourbon 1 orange (juiced, 2 peels reserved) 1/4 cup red wine vinegar 2 tablespoons granulated sugar 3 cups fresh cherries (pitted) 1 tablespoon unsalted butter Kosher salt and freshly ground black pepper

As soon as the fennel is finished roasting, add it to the bowl along with 2 tablespoons of the reserved grapefruit juice and the remaining olive oiAs soon as the fennel is finished roasting, add it to the bowl along with 2 tablespoons of the reserved grapefruit juice and the remaining olive oias the fennel is finished roasting, add it to the bowl along with 2 tablespoons of the reserved grapefruit juice and the remaining olive oil.

Top each bowl equally with the reserved 1 cup mushrooms, the egg, avocado, chili oil, togarashi, and nori as desired, ladle broth over, and serve.

1 large avocado, pit removed, 6 thin slices reserved for garnish 1/4 cup finely minced onion, divided into 2 portions 1 medium tomato, chopped 4 eggs (2 eggs per omelette) 2 tablespoons chopped fresh cilantro, divided into two portions 2 fresh, small hot chiles, such as serrano, stems and seeds, removed, minced, divided into 2 portions 2 tablespoons olive oil Cilantro leaves for garnish

for the topping 2 large fennel bulbs — sliced into 1 / 4 - inch (6 mm) thick slices, fronds reserved 1 tablespoon olive oil sea salt and pepper to taste about 4 - 5 small to medium sized apples, such as Pink Lady, Honey Crisp or Granny Smith ground cinnamon — to taste

Heat oil in a medium heavy skillet (such as carbon steel or cast iron) over medium - high and add half of cabbage, cut side down (reserve remaining half for another use).

stems of 4 - 6 broccoli heads, depending on their thickness (about 580 g or 20 oz)-- I usually reserve the stems from one bunch in the fridge, until I'm ready to buy and cook the next one (usually soon after) florets from 1 large broccoli head — cut into bite - sized pieces a couple handfuls of other vegetables, such as chopped asparagus, peas, edamame, etc. (optional) a large handful of green leafy vegetables — spinach, kale, etc. 1 lemon — zest and juice salt and pepper to taste 3 1/2 tablespoons ghee or grapeseed oil — divided 1 shallot — chopped Pecorino Romano or Parmesan to taste — finely grated (I used unpasteurized sheep's milk Pecorino Romano) baby greens or microgreens for garnish (optional)

«If you take the Economic Intelligence Unit (EIU)[report], they said 2017 and onward is going to be a period of prosperity for Ghana and that is because of the foundation that we have laid, it's because of the work that we have done, we've eliminated a lot of the deficits that were created by huge subsidies on utility tariffs, we eliminated a lot of the subsidies that created huge deficits on the cost of petroleum products, today as I speak, Tema Oil Refinery (TOR) is running, and producing petroleum products for Ghana, we have enough stock of LPG, our tanks and strategic reserves for petroleum products are all full, and, so, we have ships standing offshore Ghana with petroleum products, but there is no space to offload those products, and, so, we've done a good job in stabilising various sectors of the economy.

The commission is also empowered to advise the Minister on fiscal and other issues pertaining to the petroleum industry, establish framework for the validation and certification of national hydrocarbon reserves, undertake evaluation of national reserves and reservoir management studies as well as conduct regular audits of the activities of operators engaged in petroleum operations and oil service companies in order to ensure compliance with Nigerian laws and requirements for petroleum operations.

Dos Santos's long reign saw the end of Angola's bloody civil war (1975 - 2002) and a post-conflict investment boom as the country exploited its oil reserves.

mahama at dixcove (6) He said the newly commissioned Tweneboa, Enyenra and Ntomme (TEN) oil field had 300 million standard cubic feet of gas reserves which would serve as power - base for addressing the country's power challenges and ensuring energy security for the country.

Indeed one is very relieved that the non-oil economy is now growing, even though still below 2.0 % as oil sector effects diffuse through the economy through stability and convergence of FX rates; growing reserves; oil sector procurement; and the impact of government spending on sectors like construction.

The outlook for oil prices in my view, remains problematic especially with the advent of pro-energy policies in the US by President Trump's administration and less restraints on oil production and pipelines as a result of climate concerns; the reserves accretion is probably artificial and worse still, at the expense of trade and manufacturing output; the IMF and World Bank have been wrong many times before -LRB-!)

Ngige argued that this country entered recession a long time ago before the Buhari government came on board but nobody noticed it because of the huge foreign reserves accumulated by former President Olusegun Obasanjo, which has now shrunk to $ 21billion as a result of the crash in oil prices.

But most investors and oil companies are betting on business as usual, with Shell still trying to find new fossil fuel reserves.