Sentences with phrase «crude oil deposits»

The governor said: «It is shameful that Nigeria produces crude oil but imports refined petroleum products from other countries that have no crude oil deposits, instead of our refineries to be functional.

Not exact matches

Based on a West Texas Intermediate crude oil price of $ 45 per barrel, those deposits are worth about $ 900 billion.

The geophysicist at Rice University in Houston estimates we have the second - largest deposits of crude oil in the world — as much as 2.5 trillion barrels of bitumen buried in the oilsands of Alberta.

Oil companies have since returned to the market, hiring rigs to explore for offshore oil and gas deposits after crude prices have traded above $ 60 a barrel since NovembOil companies have since returned to the market, hiring rigs to explore for offshore oil and gas deposits after crude prices have traded above $ 60 a barrel since Novemboil and gas deposits after crude prices have traded above $ 60 a barrel since November.

«It is our believes that, the 2017 national budget of the federal republic of Nigeria is not based on the crude oil production output from the Niger Delta but it is based on the newly found oil deposits in the North and the new pipelines construction from the Niger Republic,» the group stated.

This kind of extra-heavy crude oil from sandy deposits is not commercially developed anywhere else in the world, although other countries such as Venezuela, Russia and even the U.S. have similar resources.

Over many millions of years, gases, such as methane, tend to develop along with crude oil in natural deposits of petroleum.

The rolling hills of southeast Oklahoma stretch from Norman across to Arkansas and show little evidence of the vast deposits of crude oil that were once beneath them.

The Oil Sands segment includes mining, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oOil Sands segment includes mining, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas ooil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas ooil and vacuum gas oiloil.

Bitumen is the very crude oil extracted from Canada's enormous deposits of oil sands.

But on the Keystone XL pipeline — which, if not blocked by President Obama, would carry the crudest form of oil from Canadian tar sand deposits to Gulf Coast fuel refineries — it seems there's little room for varied stances, at least according to some protesters.

The dramatic rise in shale - gas extraction and the tight - oil revolution (mostly crude oil that is found in shale deposits) happened in the United States and Canada because open access, sound government policy, stable property rights and the incentive offered by market pricing unleashed the skills of good engineers.

An international team of researchers has shown how anaerobic microbes in oil deposits around the world — including in unconventional sources such as the oil sands — naturally break down crude oil into methane in the reservoir.

Keystone XL is a proposed oil pipeline owned by TransCanada that would carry toxic tar sands crude oil from deposits in Alberta, Canada to refineries along the U.S. Gulf Coast.

Large deposits of crude oil called tar sands are located in Alberta, Canada.

Vast amounts of water and energy are needed to strip - mine and drill Canada's tar sands deposits — a heavy black substance mixed with sand and clay — and turn the extracted bitumen into usable crude oil.

In advanced physical chemistry you actually can go one logical step further as those deep sequestering sites will eventually help convert the carbon dioxide into future crude oil and natural gas deposits.

Conventional crude oil is a liquid that can be pumped from underground deposits.