Sentences with phrase «boost oil output»

Citi has also warned that oil supply would be tighter next year, as some OPEC members are already pumping at capacity, and can't boost their oil output as much as the oil market thinks they might after the end of the OPEC cuts.

«as some OPEC members are already pumping at capacity, and can't boost their oil output as much as the oil market thinks they might» This is a ridiculous statement that has been proven wrong time and time again.

When Major General Manuel Quevedo became head of Venezuela's oil industry last November, the former housing minister and national guard chief promised to boost oil output by a million barrels Continue Reading

Exploration and production companies have so far steered clear of taking sides, but Weir's departure would deprive Scotland of a valuable link in the production chain just when the country most needs innovative solutions to boost oil output.

Not exact matches

In late August, PetroChina, that country's largest oil producer, announced it seeks to boost its overseas production to half its total output (from about a tenth currently) in less than a decade through acquisitions.

DUBAI Royal Dutch Shell is fully committed to its gas joint venture in Iraq, after the energy major exited its oil assets in the OPEC country, and plans to boost its gas output there to 1.4 billion cubic feet (bcf) a day by 2020, a senior executive said.

That has helped boost per - employee output by Texas oil and gas companies to an estimated $ 820,000, according to Waco, Texas - based economist Ray Perryman.

- At the same time, both Iran and Iraq must make sacrifices for Saudi Arabia to accept the deal, Iran takes opposite view, insisting Saudi should cut more, as it boosted output most in recent years: oil producers that raised output in past years while Iran was subject to sanctions «will have to shoulder a bigger share of the output drop and accept more responsibility»: oil minister Bijan Zanganeh

In a sign that the U.S. shale patch is boosting output that has been keeping a lid on oil prices, four U.S. shale companies reported second - quarter production that beat targets and increased their respective full - year output growth guidance.

The company is just starting to ramp up horizontal drilling in the region, which could fuel 20 % to 35 % annual production growth through 2020 depending on oil prices, boosting its Permian output to a range of 250,000 - 350,000 BOE / d.

The world's hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth.

But overall, the IEA said Thursday, global oil supply in June rose by 720,000 barrels a day to 97.46 million a day, boosted by increased output from OPEC and non-OPEC producers such as the U.S.

Upstream price pressures have also been boosted by the rise in oil prices, as well as the depreciation of the exchange rate and the increase in world commodity prices; producer input and output prices have increased more sharply over the past six months than they have since the early 1990s.

Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output to Continue Reading

Kuwait plans to boost oil production to more than 3 million barrels a day within months, doubling output from where it stood during last week's oil - worker strike.

Chevron, Exxon and Shell spent more than $ 120 billion in 2013 to boost their oil and gas output.

The Bretton Woods institution projected that Ghana's oil revenue will peak in 2023 and decline thereafter, stating that «a projected increase in oil output would boost Ghana's domestic revenue over the medium term «but this effect will likely be short - lived.»

With the Z51 package, what's already a powerful and exhilarating sports car goes straight to eleven: slotted brake rotors, electronic limited slip, multi-mode performance exhaust (which boosts output by 5 horsepower and 5 pound - feet), performance suspension, dry - sump oil system, and more.

It's also configurable to view parameters such as the engine oil temperature, the transmission oil temperature, lateral and longitudinal acceleration, engine output, torque levels, boost pressure, tire temperatures, tire pressure, and other info, plus the current vehicle system settings (and yeah, there's a lot of them).