Sentences with phrase «biggest oil reserve»

Saudi Arabia is converting Aramco, the holding that controls the world's biggest oil reserves, into a joint - stock company and plans to list a stake of up to 5 % on stock exchanges in Riyadh.

Libya and its growing crude oil output became a major worry for OPEC in the last few months when attacks on fields and pipelines largely subsided, allowing the country holding Africa's biggest oil reserves to recover its production to over 1 million barrels.

Not exact matches

Just days later, the U.S. president made clear in his State of the Union address that when it came to the other big eco-controversy in America — hydraulic fracturing, or «fracking,» to access natural gas reserves — he was siding with the oil and gas industry.

The big issue around climate change that «nobody's talking about» is whether oil and coal companies are prepared to write down 80 % of their reserves.

So, although «the risk of climate change is clear and the risk warrants action» (in the form of greater energy efficiency and emissions - reducing technology), the big oil company will not be writing down any of its reserves.

Alberta's unconventional oil reserves are big enough to meaningfully increase world oil supplies — and lower crude prices for everyone — if they're fully developed.

Today's «Big Five» possess less than 5 % of global reserves — national oil companies control most of the rest.

The report also counters warnings from environmentalists that the pipeline's construction would spur a huge increase in production from western Canada's tar sands, believed to be one of the biggest reserves of crude oil outside Saudi Arabia — unleashing torrents of greenhouse gases into the atmosphere.

Big Oil is discovering that blindly chasing production growth through developing ever more costly reserves isn't contributing to the bottom line.

Speaking earlier this week, Mr Brown said: «It's the countries that have got substantial reserves, the oil - rich countries and others who are going to be the biggest contributors to this fund.»

Africa's biggest economy and top oil producer is reeling from the fall in crude revenues, the source of 95 percent of foreign earnings, which has led to the naira hitting record lows on the parallel market amid dwindling foreign exchange reserves.

The company denies that the objective is simply to save money, and claims that to harvest oil and gas profitably from the North Sea, it must focus on the exploitation of small reserves as the big wells run dry.

Only 7 percent of those reserves are directly accessible to Big Oil, he said.

Many of his mistakes are big ones: he bungles the issues involving reserves and resources that are critical to his core argument about oil remaining cheap; he drastically misleads his readers about the extent to which sulfur dioxide and nitrogen oxide emissions from coal - burning have been reduced; he trivializes the climate - change risks from coals carbon dioxide emissions by suggesting we know the impacts will be worth only 0.64 cents per kilowatt - hour.

I remember in the mid and late 1990's, Jeremy brazenly told big oil they should stop looking for new reserves, because the deteriorating climate meant they could never be burned.

Hyundai will continue to offer the smaller 1.1 - litre diesel engine on the Xcent with the bigger 1.4 - litre oil burner being reserved for either top - end models or just for the automatic variant.

Its assets primarily consist of producing and non-producing crude oil and natural gas reserves located primarily in the Antrim Shale in Michigan, the Los Angeles Basin in California, the Wind River and Big Horn Basins in central Wyoming, the Sunniland Trend in Florida, and the New Albany Shale in Indiana and Kentucky.»

An article in the latest issue of The Economist explores whether acknowledgement that some fossil fuel stocks are unburnable means companies with big coal or oil reserves are overvalued, at least on long time horizons.

Doesn't matter how big global estimated potential oil reserves are in total: when an oil company has diminishing access to state - controlled fossil fuels it may be experiencing its own peak - as a corporation.

The post doesn't mention the new road to the Pacific or the ethanol plant and sugarcane plantations; or the planned road from Cruzeiro do Sul, Brazil to Pulcallpa, Peru and the multiple big hydro - energy dam constructions it will support; or the new Peruvian oil leases in indigenous reserves; or the BR$ 35 million worth of oil exploration in the Juruá watershed in Acre; or the Madeira River complex of big hydroelectric projects in Rondonia near Bolivia.

Most proven reserves are in countries that extremely secretive, and the big oil companies aren't exactly open and honest either.

China, too, has decided to tap into the shale revolution — in a deal with the U.S. announced this week, it will be exploiting what some estimate to be the world's biggest shale gas reserves, equivalent in energy content to about half the oil in Saudi Arabia.

Not only will much of their reserves be unusable, but big oil and gas companies face the threat of waning demand as the international community moves toward a more sustainable economy.

Big Oil, Big Coal and Big Gas are fully aware that once the basic principle of excess, unusable reserves is acknowledged, they're effectively ruined.

Given that most of the world's oil reserves (to use one example) are under control of governments, and OPEC has a pretty big lever to pull whichever way it wants to change the supply of oil, the notion that the price of a barrel of oil is set just by supply and demand is rather simplistic.

This raised the specter of foreign gas dependence that mirrored long - standing U.S. oil dependence, and risky reliance on big reserve holders like the Persian Gulf and Russia.

For climate activists, however, the biggest argument against new oil - by - rail facilities has always been the need to «keep it in the ground,» that is, not developing certain fossil fuel reserves in order to prevent harmful globe - warming emissions.

The amount of oil there is one of the largest reserves in the world (possibly the largest although it's hard to say since the Saudi's refuse to say how big their reserve is).

With oil prices fickle, and reserves depleting, could Big Oil be on its way to becoming Big Biofuels?Consider the case of BP, profiled in the NY Timoil prices fickle, and reserves depleting, could Big Oil be on its way to becoming Big Biofuels?Consider the case of BP, profiled in the NY TimOil be on its way to becoming Big Biofuels?Consider the case of BP, profiled in the NY Times:

Not a single fossil fuel company in the world discloses potential emissions from their reserves of oil, gas and coal — and that is a big problem.