Sentences with phrase «for oil transportation»

Not exact matches

As the North American oil transportation system continues to evolve, with new pipelines, reversals of existing lines and a growing role for oil - by - rail, what is clear is that the North American oil market will eventually settle into a new era of pricing relationships which will be very different than those which prevailed prior to 2008.

But that disappeared in July when the U.S. National Transportation Safety Board admonished the company for its handling of a Michigan oil spill in 2010.

So policy makers focus on «core inflation,» which ignores changes in prices for fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, tobacco products and indirect taxes.

The drivers behind OPEC's forecast include steadily rising economic activity around the world, strong demand for transportation fuels like gasoline and jet fuel and a growing petrochemical industry, which turns byproducts from oil and natural gas into chemicals.

«As the oil and gas industry becomes mature there, companies are going to have to have a bunch of sub-sea systems that will have to be monitored,» said Dean Richter, a retired navy submarine captain and director of development for maritime transportation systems for New Jersey - based QinetiQ North America.

«Increasing the number of transportation options and markets for Canada's oil supply will lead to higher netbacks for all Canadian producers.»

«Oil is used primarily for transportation, and alternatives for transportation fuel needs to be found,» according to one CEO.

Other important assumptions not specified above are a $ 0.99 US / Cdn FX rate, a $ 4 / bbl diluent premium over light oil and a $ CDN 15 difference between the $ CDN - equivalent WTI price and WCS prices at Hardisty, both increasing with inflation, and transportation charges of $ 1 / bbl for diluent and $ 1.50 / bbl for dilbit to / from Hardisty.

He had been anticipating a drop in oil prices, for example, but rather than play oil producers (which Canadian investors already hold a lot of), he decided to focus on the energy transportation sector.

3M was seeing higher - than - anticipated costs for transportation and raw materials derived from crude oil.

«While the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports, it is unlikely to reduce demand for heavy sour crude at Gulf Coast refineries.»

«There isn't really yet a large scale substitute for crude oil as a source of transportation fuel,» said Foley.

Could it do the same for transportation, the primary reason oil remains dominant today?

The body of water set to see a fivefold increase in oil tankers has been an industrial and transportation hub for more than a century.

Moving viscous Canadian oil in tank cars used to be «more of a temporary fix» to transportation bottlenecks that earlier this year pushed prices for Western Canada Select to US$ 40 below the West Texas intermediate benchmark, he said.

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.

Although the benchmark West Texas Intermediate (WTI) oil price has been increasing, Alberta's producers are being hurt by transportation bottlenecks that have resulted in heavy discounts for non-conventional crude oil.

As the biggest station operator and supplier of natural gas for transportation in the U.S., the company should benefit from higher oil prices and more focus on reducing emissions likely to drive many truck operators to consider this new engine.

This isn't a matter of collusion or market power, it's simply a matter of a broad market for refined products not affected in the same way by pipeline shortages and transportation bottlenecks which affect crude oil prices in one region but not another.

Refiners don't particularly want tar sands oil, which is tougher to make into usable transportation fuel, so it sells for about $ 20 to $ 30 less per barrel than crude from Texas or the Dakotas.

The report also looks at the opportunity for natural gas in transportation, now in its infancy, and notes that never before has oil's dominance in vehicles been challenged by such low gas prices.

Calling Wal - Mart «our best $ 35 oil idea» in a mid-December note, Nomura analyst Robert Drbul wrote that low oil and gas prices help Wal - Mart «for two key reasons: 1) we believe lower income demographic consumers stand to benefit most from lower gas prices, and 2) we believe its private transportation fleet (> 6,650 trucks; one of the largest in the world) will realize cost benefits due to low fuel prices.»

The battle for pipelines has become a battle for more than just the people involved in the oil and gas industry in Alberta; it has also become a battle for other commodity traders such as farmers and everyday Albertans who rely on the transportation of goods.

Alberta farmers have difficulties getting their products to market by rail, and now without pipeline construct will continue to compete with oil and gas companies for rail transportation.

The U.S. meanwhile has refineries well adapted to processing heavy, sour Canadian crude, and a transportation system that is and will remain overwhelmingly oil - powered for decades to come.

The euphoria you feel after winning a big contract to provide marine transportation services for an offshore oil drilling company quickly subsides when the contract arrives.

Commodity prices have remained at historically elevated levels, although persistent transportation bottlenecks are leading to continued discounts for Canadian heavy crude oil.

But despite the predictability of problems, the world has moved ahead, adopting forms of urbanization, agriculture, manufacturing, and transportation that increased the demand for oil.

That is certainly good for the living standards of people in societies that are dependent on oil imports for production, transportation and heating.

Hospitality membership is designed for businesses and individuals offering hospitality related services for wine consumers visiting the Paso Robles AVA including Restaurants / Caterers, Lodging, Breweries / Distilleries, Specialty Foods, Wine Shops / Bars, Transportation services, Recreational Activities, and Olive Oil Tasting.

No paper, metal, tin or oil for production, transportation and refrigeration needed.

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.

The immediate past Managing Director (MD) of the Bulk Oil Storage Transportation (BOST), Kingsley Kwame Awuah - Darko, has rubbished media reports that, the Economic and Organized Crime Office (EOCO), is on his heels for alleged payments and withdrawal of money from government's account.

Kwesi Pratt Jnr, Managing Editor of the Insight believes the Chief Executive Officer of Bulk Oil Storage and Transportation (BOST) Company Limited, Alfred Obeng, must step down for investigations to be conducted into the alleged sale of contaminated fuel to consumers.

Professor Lyons explores what the future may hold for transportation given a series of uncertainties such as falling world oil prices, extreme weather events and global security.

With the potential for the Hudson River to become a major oil transportation corridor, there's concern from environmentalists as to how complicated cleaning up a spill on the river would be.

«I applaud Governor Cuomo for recognizing the importance of these public transportation services and the role they play in sustaining the State's efforts to improve air quality and reduce dependence on foreign oil.»

Advocates for the Great Lakes are meeting in Washington, D.C., this week to push for continued funding of cleanup programs and discuss water quality issues such as algae blooms and oil transportation.

The fearlessly outspoken lawmaker and philanthropist had early last year dared his party that he would spill the beans on how the New Patriotic Party (NPP) won the 2016 elections, if they touched his (Ken Agyapong's) good friend and Party Financier Mr Alfred Obeng, Managing Director of the Bulk Oil Storage and Transportation Company (BOST) who had come under fire for allegedly selling contaminated fuel under dubious circumstances to unlicensed companies.

The Sefwi Wiawso Traditional Council will honour Bulk Oil Storage and Transportation Managing Director, Alfred Obeng Boateng for his contributions to the development of the community.

A Minority MP and a member of the Energy Committee in Parliament, Edward Bawa, believes the Energy Ministry's attempt to unravel the controversies surrounding the contaminated fuel sale at the Bulk Oil Storage and Transportation Company (BOST), will be held back by staff who have kicked against calls for the interdiction of their Managing Director, Alfred Obeng.

The Majority in Parliament has called for a full - scale forensic audit into the activities of the Bulk Oil Storage and Transportation Company (BOST), beginning from 2009, as they referred to the minority's stance on the contaminated fuel sale saga as hypocritical.

Transportation of people and goods is really, really important for a nation's economy to function, so countries have to put resources towards securing enough oil to keep all their transportation systemTransportation of people and goods is really, really important for a nation's economy to function, so countries have to put resources towards securing enough oil to keep all their transportation systemtransportation systems functioning.

Ekeanya said that other people who protested included: a member of the House of Representatives Lynda Ikpeazu; Chairman Capital Oil, Ifeanyi Uba as well as former Minister of State for Transportation, Prince John Emeka.

The National Democratic Congress (NDC) Member of Parliament for the Bongo constituency, Edward Bawa has said the President, Nana Addo Dankwa Akufo - Addo was not given proper briefing on the contaminated fuel scandal that hit the Bulk Oil Storage and Transportation Company Limited (BOST).

Employees of the Bulk Oil Storage and Transportation (BOST) have shown bad faith by resisting calls for the CEO's interdiction over the contaminated fuel saga, Executive Director of the Chamber of Petroleum Consumers, Duncan Amoah has said.

The Minority in Parliament has called for the immediate interdiction of the Managing Director of the Bulk Oil Storage and Transportation (BOST) Company, Alfred Obeng Boateng, over the sale of 5 million litres of contaminated fuel.

The Member of Parliament for Bongo, Edward Bawa has suggested that the Energy Minister Boakye Agyarko's decision to exonerate the CEO of the Bulk Oil Storage and Transportation Company Limited (BOST) of any wrongdoing in the contaminated fuel saga was made «under duress».

The National Transportation Safety Board has recommended that the Federal Railroad Administration require railroads to «avoid populated and other sensitive areas» for crude oil and other hazardous materials.

The Bulk Oil Storage and Transportation Company Limited (BOST) has been heavily criticized for selling 5 million litres of contaminated fuel to two unlicensed companies, Movepiina and Zup Oil, which were allegedly set up few days before the sale making Ghana lose about GHc 7 million in revenue.