Sentences with phrase «force oil and gas producers»

The oil price crash has forced oil and gas producers to decommission aging and unprofitable fields across the world.

Not exact matches

Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese oil and gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technology.

Oil and liquefied natural gas (LNG) prices have more than halved from peaks in 2014, eroding producer revenues and forcing cost cuts and layoffs.

Park Systems, world - leader in atomic force microscopy (AFM) today announced a webinar to provide next generation technology to improve oil and gas production in both traditional drilling and hydraulic fracturing for oil & gas producers and equipment manufacturers as they continue to pursue the latest developments in production efficiencies.

Natural gas and oil producers have been forced to seek new...

These price changes now appear to be affecting the global economy, and may result in a global recession as oil and gas producers reduce their exploration and development efforts for oil and gas and countries dependent on oil and gas revenue from large reservoirs are forced to retrench and rethink their lifestyles.

We need a carbon tax, collected and returned to US citizens, to force the big fossil fuel producers to get serious about alternative energy sources and move away from coal, oil and gas as quickly as possible.

Currently, Alberta prices GHGs from oil sands producers and other large emitters using its Specified Gas Emitters Regulation (SGER), which came into force in 2007.