Sentences with phrase «crude oil storage»

Methane emissions from a typical petroleum refinery arise from process equipment leaks and crude oil storage tanks.

Moreover, when looking at 5 - year crude oil storage trends, the surplus is even more eye - opening: roughly 82 million more barrels are in storage now than five years ago.

Not exact matches

Its crude oil production in the Atlantic region fell by about 14 per cent due to the 10 - day suspension of its SeaRose floating production, storage and offloading vessel in January after an investigation into its response to a close call with an iceberg.

U.S. crude futures dipped below $ 28.50, while the international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers for millions of barrels of oil in storage that it is now free to sell, after the lifting of most international sanctions on it at the weekend.

NuStar Energy L.P. is the proud owner of 8,643 miles of pipeline and 81 storage and distribution facilities for crude oil, refined products and specialty liquids.

Wondering how an oil storage and pipeline company could grow revenue 73 % during a year when declining crude prices crushed most companies in that industry?

The shutdown led to oil storage tanks in Alberta to fill to record volumes and sent the spread between Western Canadian and U.S. crude to more than US$ 30 a barrel, while the regulator - imposed 20 per cent reduced capacity on Keystone has continued to limit a recovery.

Headquartered in Dallas, Navigator provides oil and natural gas producers with comprehensive midstream services including crude oil and natural gas gathering, transportation, storage and natural gas compression and processing.

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

Backwardation, contango's opposite, was one of OPEC's key goals with the output cuts — discouraging the storage of crude oil and driving oversupply down.

ARM can be also used as a storage value, as its price represents a fraction of crude oil, while it can be also exchanged for any other major cryptocurrency like Ethereum (ETH), from where it could be transacted in any altcoin.

However, crude oil inventories remain high, with current storage levels near 500 million bbl, which is approximately 9 million bbl ahead of last year.

National Bank analysts Travis Wood, Dan Payne and Brian Milne said in the note they were watching to see if more oil was moving out of Alberta and Saskatchewan on railway cars to clear out of the glut of crude in storage in Western Canada, which has weighed on domestic oil prices and producers.

Companies said to be selling crude from Saldanha Bay in Africa Brent crude time - structure strengthens, encouraging sales Oil traders are emptying one of the world's largest crude storage facilities, located Continue Reading

According to the U.S. government, there are over 1.3 billion barrels of crude oil and refined products in commercial storage around the United States, an increase of more than 300 Continue Reading

What we have also done to prevent this type of thing happening again is that I have ordered the Bulk Oil Storage and Transportation Company which is responsible for keeping Ghana's strategic stock to keep one month's supply of light crude in reserve so if there is any challenge in terms of shortage in light crude, BOST will supply.

Include a Cotonou boat laden with about 66,000 litres of suspected stolen crude oil, 4 GP storage tanks measuring 500 litres each.

It is time to not only ban fracking, but halt new investments in fossil fuels and related infrastructure, including pipelines, gas - fired power plants, fracking waste dumps, fossil fuel storage depots in the salt caverns by Seneca Lake, LNG exports at Port Ambrose, crude oil «bomb trains,» and a tar sands oil heater at the Port of Albany.

Furthermore, the illegal refineries destroyed in Isaka axis had storage pits laden with 45,000 litres of suspected stolen crude oil and 5,000 litres of illegally refined AGO.

The illegal refineries destroyed at Bolo Creek had several storage tanks and 2 wooden boats laden with about 80,000 litres of suspected stolen crude oil and 65,000 litres of illegally refined Automotive Gas Oil (AGoil and 65,000 litres of illegally refined Automotive Gas Oil (AGOil (AGO).

Business News of Tuesday, 15 May 2018 Source: Myjoyonline.com Duncan Amoah and Alfred Obeng Boateng The Africa Centre for Integrity and Development (ACID) has described the recent allegations against the Bulk Oil and Storage Distribution Limited (BOST) over the sale of some crude oil as an act of mischiOil and Storage Distribution Limited (BOST) over the sale of some crude oil as an act of mischioil as an act of mischief.

But the administration has now taken a similar tack on a number of other controversial projects, staying silent rather than approving or blocking them, including a major proposed propane storage project in the Finger Lakes, the construction of new liquefied natural gas storage areas across the state and a crude - oil heating facility at the Port of Albany.

Cuomo has adopted a similar delay policy on a number of other politically fraught energy projects, avoiding easily discernible positions on the proposed propane storage project in the Finger Lakes and on a crude - oil rail hub in Albany.

The Chamber of Petroleum Consumers (COPEC), says it will by close of day today [Monday], petition the office of the Special Prosecutor to investigate allegations of a shady crude oil transaction between the Bulk Oil Storage and Transportation (BOST) and an unlicensed private oil firm, BB Eneroil transaction between the Bulk Oil Storage and Transportation (BOST) and an unlicensed private oil firm, BB EnerOil Storage and Transportation (BOST) and an unlicensed private oil firm, BB Eneroil firm, BB Energy.

The department has been sitting on a number of key decisions as well, including approvals of natural gas pipelines, an underground gas storage facility in the Finger Lakes and crude oil heating facility for the Port of Albany.

The Bonga Floating Production Storage and Offloading vessel receives crude and gas from production wells on the seabed and has the capacity to produce 225,000 barrels of oil and 210 million standard cubic feet of gas per day.

Hawkins opposes any investment in new fossil fuel infrastructure, including natural gas pipelines and power plants, LNG port terminals, liquefied propane and butane and natural gas storage in the Seneca Lake salt caverns, and crude oil heaters at the Port of Albany.

A geologist in Sandia's geotechnology and engineering group, Lord for years has been involved in the geologic storage of the U.S. Strategic Petroleum Reserve, the world's largest emergency supply of crude oil.

Since going public in 1998, Enterprise has grown into one of the largest energy infrastructure companies in the world with approximately 50,000 miles of natural gas, natural gas liquids, crude oil and refined products pipelines and 260 million barrels of storage capacity.

Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States of America.

Though the problem with getting inflation protection with crude oil futures is that market participants need to pay storage costs, reflected through the roll yield when there is excess inventory.

SXL's pipeline system includes a diverse mix of crude oil and refined products pipelines, terminalling and storage facilities, and crude oil acquisition and marketing facilities.

It owns about 200 crude oil trucks, 120 truck unloading facilities, and 41 refined products terminals with 42 million barrels of storage capacity.

This means that in order to sequester just a fifth of current CO2 emissions we would have to create an entirely new worldwide absorption - gathering - compression - transportation - storage industry whose annual throughput would have to be about 70 percent larger than the annual volume now handled by the global crude oil industry whose immense infrastructure of wells, pipelines, compressor stations and storages took generations to build.Technically possible — but not within a timeframe that would prevent CO2 from rising above 450 ppm.

This pipe, installed in 1998, carries crude oil from a storage terminal on the west side of the bay to a refinery in Balikpapan.

According to several news reports (for example, by the Times Picayune, Sept. 9), the Associated Press collected raw data from state regulatory agencies and other sources and performed an analysis which revealed that more than 30 fuel and chemical storage tanks at facilities in the region collapsed or otherwise failed during Hurricane Harvey, releasing more than 600,000 gallons of crude oil, gasoline, and other fuels and chemicals.

They should capture the Co2 and pump it into the ground to use to pump out more crude oil or just for storage.

In 2009 a further 200,000 liters of crude oil spilled from a Kinder Morgan storage tank on Burnaby Mountain — kilometers from the two earlier pipeline ruptures.