Sentences with phrase «at an oil well»

The World Bank estimates that the 5.3 trillion cubic feet (150 billion cubic meters) of natural gas that bubbles up at oil wells worldwide adds some 400 million metric tons of CO2 to the atmosphere each year — as well as more methane.

The high - decibel, screeching roar of this gas flare blasting from a pipe at an oil well is repeated at more than 1,500 wells across the Bakken — throwing off enough light to be seen from orbiting satellites.

Natural gas is burned off next to water reservoirs used for fracking at an oil well site August 23, 2011 near Tioga, N.D.

Flaring - Open air burning of waste gases and volatile liquids, through a chimney, at oil wells or rigs, in refineries or chemical plants and at landfills.

Not exact matches

Nearly as surprising was the willingness of Russia and private oil companies in North America to carry on at prices that were understood to be well below their break - even points.

Or, as Christine Bader describes in her book The Evolution of a Corporate Idealist: When Girl Meets Oil, corporations including her former employers at BP may well be «advancing human rights in some ways while compromising them in others.»

«The good news of this recovery this year is that the outlook is positive for both oil - importing countries and oil - exporting countries,» Jihad Azour, director of the Middle East and Central Asia Department at the IMF, told CNBC's Hadley Gamble on Monday.

Woodside Petroleum Ltd subsidiary ATS Inc has made good on a promise not to extend its $ 1.16 billion hostile takeover bid for US - based oil producer Energy Partners Ltd, after failing to reach the minimum acquisition level of 50 per cent.

CNBC's Bob Pisani and Bill Griffeth look at the day's market action, including oil up 2 % and tech stocks doing well.

Seko's visit to New Delhi has come at a time when India is preparing to create a network with other major oil consumers in Asia, such as China, South Korea and Japan, to negotiate better terms with sellers.

Dan Scholnick, a general partner at Trinity Ventures, is on the board of Bulletproof, which sells coffee blended with butter and triglyceride oil that claims to help consumers «perform better» and «think faster.»

Prior to joining BofA, Dulá has held senior posts at Pemex, the Mexican national oil company, as well as Goldman Sachs.

(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.

At some point, we face catastrophic climate destabilization, lack of water and arable land to grow food as well as loss of oil energy to drive our civilizations.

Revenues have declined for five years straight (since 2009) at KBR (KBR), which provides engineering and construction services to the oil and gas industry as well as to governments.

The marriage of ASX listed Azonto Petroleum to the unlisted Calima Energy is essentially a story of money meets management experience with the marriage consummated at one of the best addresses in town, the Montney oil and gas play in Canada.

In its most recent earnings report, EOG Resources said that its return target for new wells is 3 0 % after tax at $ 40 oil, while Pioneer's internal rate of return expectations is for 50 % -100 % after tax with oil at $ 55.

Even with oil prices still down by half from the peak, improvements in well development productivity have enabled US producers to make money at much lower oil prices.

At what point during oil's decline does it signal that oil has become too low for its own good?

Notley and Bilous have said the Trans Mountain expansion is critical because Alberta's crude oil sells at a sharp discount on the North American market due to pipeline bottlenecks and to a lack of access to a better price on overseas markets.

Meanwhile, Excelsior Energy, a junior recently acquired by Athabasca Oil Sands, plans to use its own version of combustion, Combustion Overhead Gravity Drainage, at a 1,000 - b / d test well awaiting regulatory approval.

Chevron said on Friday it plans to spend between $ 25 billion to $ 28 billion next year and expects to further slash spending in 2017 and 2018 as well, an acknowledgment that oil prices are not expected to rise at all in the near future.

At least half of the June rebound is explained by the oil rebound, though the Pan Am Games in Toronto played a positive role as well.

When people can be promoted at any time, it keeps them motivated and adds incentive for them to do their best year - round, as opposed to burning the midnight oil the month before their performance evaluation.

«The CAD is outperforming on the crosses and that is a reflection of somewhat better data and oil prices ticking up again,» said Shaun Osborne, chief currency strategist at Scotiabank.

Or Harper might prefer to take the loss, the better to portray the oil - sands industry as a victim of global nanny - statism at the next election.

Taylor believes oil will be higher at then end of 2016 than where it is right now and that will lift the loonie as well.

Jeff Currie, head of commodities research at Goldman Sachs — which correctly predicted oil would reach US$ 85 in 2009 — thinks crude has a good chance of hitting US$ 100 this year, primarily because «U.S. economic data has surprised to the upside.»

The growth of oil sands had previously put the loonie in a good position, but those massive oil sands projects are struggling to stay alive right now — at best.

The good news is that the downturn has led to huge technological and process improvements in the oil patch, forcing domestic producers to either find ways to make money at $ 40 oil or go out of business.

In addition to his work at Laricina, Schmidt is a trustee of the Board of Trustees of the National Museum of Science and Technology, a director for Argent Energy Trust and Whitehorn Resources Inc., as well as past chairman and currently a director of the In Situ Oil Sands Alliance (IOSA).

With Shell's output up 2 percent at 3.8 million barrels of oil equivalent per day (boe / d) and Total's production rising 5 percent to 2.7 million boe / d in the quarter, both were well positioned to capture the price upswing in benchmark oil prices.

Tight oil companies have made the case that through increased efficiency and lower service costs that their economics are better at lower oil prices today than they were at $ 90 per barrel prices a few years ago.

They have access to both surging light - tight oil production, which will be in demand as low - sulfur requirements tighten in shipping at the end of the decade, as well as captive (and cheaper) Canadian heavy barrels.

Among the many well - known Canadians scheduled as «participants» were Stephen Harper's Conservative cabinet ministers Stockwell Day (who at first denied attending) and the then - defence minister Gordon O'Connor, deputy ministers (Defence) Ward Elcock, Peter Harder (Foreign Affairs), Associate Deputy Minister William Elliott (Public Security), Liberal continentalist Anne McLellan, Canada's former deputy prime minister and a defender of the oil patch, the Alberta minister of energy, Greg Melchin, General Rick Hillier, Canada's chief of defence staff, former Conservative cabinet minister Perrin Beatty, now president of the Canadian Chamber of Commerce, the infamous continentalist Thomas d'Aquino, head of the Canadian Council of Chief Executives, Rear Admiral Roger Girouard, Maj. - Gen.

Following the sharpest decline in crude oil prices in at least a century, as well as a six - year bear market in metals, the global environment could be ripe for a commodity rebound.

According to Goldman Sachs, Big Oil is now repositioning itself for better profitability and cash generation in the oil - at - US $ 50 world than they were in the US$ 100 - oil price environment, due to simplification, standardization, and deflatiOil is now repositioning itself for better profitability and cash generation in the oil - at - US $ 50 world than they were in the US$ 100 - oil price environment, due to simplification, standardization, and deflatioil - at - US $ 50 world than they were in the US$ 100 - oil price environment, due to simplification, standardization, and deflatioil price environment, due to simplification, standardization, and deflation.

Looking for something, well, boring to invest in at a time of soaring oil prices, Middle East unrest, concern about inflation and so on?

A supply curve is an ordered list of all the oil production opportunities globally, sorted by the cost of extraction or, probably better for this example, the potential free - on - board price at a global trading hub — take every oil play in the world and ask what it would cost delivered to the US Gulf Coast as a starting point.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

One of my best friends at the time was a CPA, had been on the accounting team for one of the worlds largest oil companies, and was teaching small business accounting and bookkeeping at the time.

One way of looking at it I suppose, to make oneself feel better about oneself's plummeting oil stocks.

It wants a straight, perfectly positioned, well - drilled drain hole right down the identified sweet spot of the reservoir being targeted, one that, when completed, will yield the maximum amount of oil over its economic life at the lowest possible cost.

First - quarter sales and earnings at the world's fourth - largest oil company came in better than were generally expected, but were still off significantly from the prior - year's results.

The Pembina Institute argues the pipeline would enable oil sands companies to get a better price at U.S. Gulf refineries, sending a market signal to increase production.

Jeff I figure at best Canada has 50 years to sell oil and then renewables, safer nuclear, electric cars and greater energy efficiency will make the oil sands worthless.

«We've seen reduced client activity (in oil), reduced hedging from the corporates as well as low prices at the start of last year and low volumes.»

The cost of reclaiming over 300,000 oil and gas wells in Alberta likely exceeds $ 70 billion, and the cost of cleaning up the toxic tailings ponds and other damage at the oil sands could reach similar levels.

But if this article was meant to convey an opinion (i.e. «We shouldn't export oil because higher pump prices are an unstoppable evil») then you might as well argue that we shouldn't export ANY goods because that causes the price of those good to go up at home.

However, since Canada's population is concentrated in markets that already fetch their oil at higher world prices, even if western Canadian producers were to access better prices for their products, that would be unlikely to have a meaningful effect on gasoline prices or other segments of our economy.