Sentences with phrase «oil capital of»

This Oklahoma city traces its roots back to the Western expansion, first as a cattle town and later as the «Oil Capital of the World.»

For most of the 20th century, the city held the nickname «Oil Capital of the World» and played a major role as one of the most important hubs for the American oil industry.

About... Once known as the «Oil Capital of the World,» Tulsa has had a long and varied history.

Tulsa is the second most populous city in Oklahoma and once held the nickname, the «Oil Capital of the World.»

Tulsa was once referred to as the «Oil Capital of the World» providing lawyers with Energy / Mineral Law cases.

The oil capital of the world drowned by an atmosphere teeming with greenhouse gases.

It was actually Ben van Beurden, chief executive of Shell speaking at an oil industry gathering at the U.S. oil capital of Houston.

This week saw the launch in the oil capital of Houston of a series of «energy citizen» rallies against climate change reform.

Baku was once the oil capital of the world - a place «where Islam and the Orient were filtered through a multicultural European lens».

The city became known as the «Oil Capital of the World.»

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.

The OPEC member that needs the «lowest» price of oil to balance this year's expenditure is Iran, at $ 52 a barrel, according to data by RBC Capital Markets.

• SK Capital agreed to acquire the Fire Safety and Oil Additives Businesses of Israel Chemicals Ltd. (TASE: ICL) for approximately $ 1 billion.

«If you had a strong track record of finding and developing oil and gas at the right price, you could always raise capital,» Grad says.

BERLIN — A Vietnamese man charged with involvement in the kidnapping of a former Vietnamese oil executive in Berlin went on trial Tuesday in the German capital.

The long - awaited international listing of Saudi Aramco is likely to be delayed, but the wait makes sense as oil prices are tipped to touch $ 80 per barrel, said Fadi Arbid, founding partner and chief investment officer at Amwal Capital Partners.

Helima Croft, RBC Capital Markets, discusses potential reactions from OPEC and how it could impact the price of oil.

According to RBC Capital Markets, OPEC's producers need oil even higher — at an average of $ 88 a barrel — to balance their public spending this year, Bloomberg Gadfly's Liam Denning writes.

• Pandion Energy, a portfolio company of Kerogen Capital, agreed to buy a 10 % stake in two North Sea fields from Norwegian oil firm Aker BP, Reuters reports.

The Russian steelmaker is a big employer in the Saskatchewan capital, and has operations in half a dozen other communities in Western Canada, where it is an important manufacturer of the pipe used in oil and gas pipelines.

While the global water industry is diversified and, in terms of committed capital, ranks on par with the oil, gas and electricity industries, it's attracted little private investment.

Chinese oil companies thereafter directed more of their capital into stabler countries like Canada and Australia, notably with the $ 15 - billion acquisition of Nexen Inc. in late 2012.

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.

Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.

Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a handful of larger players, including Hall, who ran the Astenbeck Capital Management fund until deciding to close it following losses this year.

The company will invest 90 per cent of its 2018 capital budget of between $ 535 million and $ 585 million in the United States, most in North Dakota Bakken light oil wells, where production is expected to grow by 30 per cent.

• Black Bay Energy Capital invested in Downhole Chemical Solutions, a Texas - based provider of stimulation and completion chemical products and services to the oil and gas industry.

Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore - based energy company Risco Energy Investments for $ 113.4 million will help fund exploration activities for two years and return capital to shareholders.

Howard Marks, Oaktree Capital Chairman, discusses distressed opportunities and the price of oil.

The Company's capital investment in the development of oil and natural gas properties and other capital expenditures, before the change in accounts payable, was approximately $ 250 million in the quarter and includes several Wattenberg wells being turned - in - line approximately two weeks ahead of schedule.

«If the oil price is going down, it's very difficult to stand in front of that speeding train and hope you are in the one or two stocks that aren't highly correlated with the downward movement,» says Randy Ollenberger, an analyst with BMO Capital Markets.

The dearth of new capital has so far not trickled down to oil and gas operations.

Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20oil would more quickly pull out of a rout that started in late 2014.

Weeks later, a FirstEnergy Capital report still clung to the idea that ramped - up rail transportation, new heavy - oil refining capacity in the U.S. Midwest and the easing of the storage glut in Cushing, Okla., would keep this monster on a leash.

Including Gateway, Enbridge's North American oil pipeline program «is probably the biggest capital expansion in the history of the company,» says Vern Yu, vice-president for business and market development.

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.

Speaking at the Sohn Investment Conference in New York, the closely - watched DoubleLine Capital LP chief executive officer recommended a trade of shorting, or betting against, Facebook while betting on gains in an exchange - traded fund that tracks oil and gas explorers and producers who could benefit from rising inflation.

This partly reflects the fall back in the U.S. dollar on the back of rate hike delays, which has allowed commodity prices, notably oil, to rebound,» said Shane Oliver, head of Investment Strategy and chief economist at AMP Capital.

When national budgets of various oil - producing countries are determined by crude prices, then a lower price forces capital to be repatriated back to the country of origin (and we haven't even mentioned Russia, which is flooding the crude market for budgetary reasons).

Helima Croft, global head of commodity strategy at RBC Capital Markets, discusses the four countries cutting diplomatic ties with Qatar and how it will affect the oil stocks.

It started with the creation of Fusion Oil and Gas PLC and the raising of seed capital at 5 pence a share in the UK in 1998.

Publicly traded oil companies have lost billions in market value, and both public and private firms are moving aggressively to cut capital spending budgets for 2015 — laying off thousands of workers and shutting down hundreds of rigs.

All the while, the industry thrived financially under a combination of high oil prices, low natural gas prices (a major input cost), recession - induced relief from cost inflation and a reduced cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.

As a result, over the past decade global luxury brands started expanding into the capitals of oil - rich countries such as Saudi Arabia, Kuwait and the U.A.E., giving women access to shopping on par with the biggest European cities (Dubai is home to the world's largest shopping mall) and higher consumer expectations.

MMA Offshore chairman Andrew Edwards has defended the timing of the company's recent $ 97 million capital raising at its annual meeting today, saying the oil and gas firm needed a solution to its debt problems.

In order to achieve these lofty goals, the crown prince is going to need a lot of investment capital, and low oil prices, below $ 50, are not part of the planning.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

Omar said Malaysia was suffering particularly because it was an emerging market at a time of capital outflows, it was a net exporter of oil and gas at a time of a significant drop in prices, and it was perceived to be badly affected by the Chinese slowdown as China was its largest trading partner.

Chevron Corp, the second - largest U.S. - based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most - drastic reactions to date to the plunge in crude prices CLc1.

«We continue to review our capital program in the context of the current market and are evaluating reducing our heavy oil drilling program for the second half of 2018 and substituting a light oil program instead, if it makes sense,» said president Tim McKay on a call with analysts.