Sentences with phrase «of oil projects»

Related: 27 Billion Barrels Worth Of Oil Projects Now Cancelled

But van Beurden has been slimming down his portfolio of oil projects with the intent of keeping only those lean enough to make good returns in a world in which oil prices average no more than $ 40 a barrel, well below the average price over the past decade.

Not exact matches

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

It's a network of railroads, oil pipelines, and other projects that runs northwest from China through Kazakhstan and Russia.

Friday: Chevron Chevron: This key company will take the pulse of oil, share insight on its projects and explain how it will amend its spending budget.

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to an average of about 315,000 boe / d, with exit production of about 335,000 boe / d, to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indproject and a slower ramp up in liquids - rich natural gas output from its BD Project in IndProject in Indonesia.

Costs back then were still low by today's standards, but the integrated mining operations were seeing operating costs of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of return.

And yes, the Dow has a heavy component of large industrial and energy companies which have recently soared on expectations that President Trump and his administration will sponsor new infrastructure spending projects and oil pipeline expansion.

If you want to know what the break - even price for new oilsands projects is (at least for the marginal project), look at the forecast of future oil prices.

«We don't want these new projects to have to bear the burden of some of these (oil price) differentials,» he said, reiterating Suncor's commitment to build no new major oilsands projects without new pipelines.

Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20oil prices since June 2014.

Called the «value - investment ratio,» it assesses the minimum oil price a project will need in order to throw off, far into the future, Shell's desired level of return.

Last March, Royal Dutch Shell said it was selling most of its stake in Canada's oil sands, a vast project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground in a process that resembles mining more than drilling.

Shell has been selling off billions of dollars worth of projects, including the oil sands, that it believes can't meet its new low - cost bar.

Part of Shell's Athabasca oil sands project in Alberta, Canada.

U.S. oil giants Exxon Mobil and ConocoPhillips both left huge crude projects in Venezuela's Orinoco Belt after President Hugo Chavez nationalized them as part of his socialist revolution.

The state Public Service Commission approved the Cherry Creek Pipeline project Monday, saying it will provide a safer transportation option and help reduce the wasteful flaring of excess natural gas in the oil patch, The Bismarck Tribune...

US oil giant Chevron says it expects to «sanction» the Gorgon liquefied natural gas project during the second half of this year.

The project's three fields, Chayvo, Odoptu, and Arkutun Dagi, produce some 100,000 barrels of oil a day in temperatures that drop to nearly 50 degrees below zero.

The B.C. government has pinned much of the province's economic future on LNG exports, saying the projects are equivalent to Alberta's oil sands in terms of jobs and revenue generation.

Hemp oil that is full of cannabidiol (CBD), a cannabinoid with neuroprotectant, antioxidant and other therapeutic qualities, generated $ 130 million in sales in 2016 and is projected to reach $ 350 million by 2020.

It said the ramp - up of production from new projects such as Yamal LNG in Russia and Moho Nord in Congo, along with newly acquired assets, including Maersk Oil and Al Shaheen in Qatar, had enabled it to reach record production during the quarter.

But the project has galvanized environmentalists who say developing Canada's oil sands would spike carbon emissions linked to climate change and that much of the oil would be sold abroad.

Olea Australis» managing director Tony Sparks said the proceeds of the additional placement would assist in current and planned capital projects to expand infrastructure and operating capacity to meet the increasing levels of olive oil production as well as provide additional working capital.

Those factors partly help explain why Exxon is now seen by Wall Street as a less - desirable investment than Chevron, which has several large oil and gas projects coming online by the end of the decade, offering far - stronger growth potential than Exxon.

Energy giant Woodside Petroleum will proceed with development of its $ US1.9 billion ($ A2.6 billion) Greater Enfield oil project in the Carnarvon Basin.

The Company expects to realize between 88 and 92 percent of NYMEX pricing on all its Delaware Basin 2018 and 2019 projected oil volumes.

Santos and Quadrant Energy have signed a deal for the sale of the Stag oil project in the Carnarvon Basin to Malaysian company Sona Petroleum for $ US50 million ($ A70 million).

Oil and gas company AWE has sold its stake in the Cliff Head offshore oil project to Elixir Petroleum, for an upfront payment of $ 1 milliOil and gas company AWE has sold its stake in the Cliff Head offshore oil project to Elixir Petroleum, for an upfront payment of $ 1 millioil project to Elixir Petroleum, for an upfront payment of $ 1 million.

Oil and gas explorer Tangiers Petroleum has raised $ 7 million in a discounted placement to complete its acquisition of the Icewine project in Alaska.

Democratic presidential hopeful Hillary Clinton struggled with how to secure the endorsement of labor unions while announcing her opposition to the Keystone XL oil pipeline, a project they supported but environmentalists opposed, according to leaked emails published by Wikileaks on Friday.

Mr Stephen Rogers chief executive of Clough's Oil and Gas business unit said that the Apache project would generate a strong and consistent earnings stream for the Oil and Gas business unit, with positive cash flow, and as the contract is rates based, Clough does not assume any lump - sum risk.

The Northern Gateway project consists of two pipelines (one to ship oil west, the other to import lighter oil products used to dilute oil sands bitumen) and a marine terminal.

That's despite the fact premiers Christy Clark and Alison Redford, in a backgrounder to their recent agreement on the ground rules for building pipelines, warned that oil may end up crossing B.C. by train en route to Asia regardless of whether the Northern Gateway or Trans - Mountain Expansion projects go ahead.

The company commissioned independent, wells - to - wheels studies of its Christina Lake and Foster Creek steam - assisted gravity drainage (SAGD) projects and its Pelican Lake heavy oil operation.

Jim Irving runs the forestry business and the shipbuilding arm, which will construct the Canadian Navy's new Arctic offshore patrol boats, while Sarah Irving has just been installed on the executive team of Irving Oil, which is undertaking a $ 200 - million maintenance project at its Saint John refinery.

Recent federal lease sales have generated a tepid response, said Imran Khan, who leads Wood Mackenzie's commercial valuation team for oil and gas projects in the Gulf of Mexico.

Sometimes, the harm is overt, like in the case of BP's oil spill, but often it's more subtle, like when employees invest hope and time in a project that fails.

The ruling arose from the expropriation of ConocoPhillips» investments in two heavy crude oil projects in 2007 at a time then - President Hugo...

These efforts are bearing fruit for Weatherhaven, which recently partnered with Brazilian construction and logistics company Esbracon, to provide up to 10 sustainable camp projects for oil and gas exploration giant, HRT of Brazil.

Last year, Saudi Arabia pledged billions of dollars of investments in projects in Indonesia and Malaysia to secure long - term oil supply deals.

The NOCs are being approached by lawyers and investment bankers not just from Calgary but from Houston and Melbourne too, seeking patient capital for long - timeline projects while equity prices for energy companies have been steadily sinking on stock markets despite the high price of oil.

It's one of the country's largest oil and gas producers, but, says Cheng, price differentials between Canadian and world oil prices, low natural gas prices, cost inflation and project delays caused investors to get antsy.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.

Perth - based oil and gas junior Pura Vida Energy says today's completion of a farm - out agreement covering its assets off the coast of Morocco is a company - changing event that removes the risk of exploring the project.

PetroChina's purchase of the 40 % of the McKay River oilsands project it doesn't already own from Athabasca Oil Sands is just the latest example of China's national oil companies snapping up Canadian energy reservOil Sands is just the latest example of China's national oil companies snapping up Canadian energy reservoil companies snapping up Canadian energy reserves.

What if General Electric were prevented from providing machinery to hundreds of individual oil and gas projects around the world?

Richard Sawaya of the National Foreign Trade Council estimates the provision in question could force American companies to exit more than $ 100 billion worth of offshore oil and gas projects worldwide.

«Rail and supporting non-pipeline modes should be capable, as was projected in 2011, of providing the capacity needed to transport all incremental Western Canadian and Bakken crude oil production to markets if there were no additional pipeline projects approved.»

More than half of affected reserves are in deep - water projects, and nearly 30 percent are in Canadian oil sands.