Municipal bonds
from oil states such as New Mexico and North Dakota remain in positive return territory but are beginning to show the impact of the economic drag low priced oil has created.
Not exact matches
«We established a long time ago that large quantities of
oil and
oil products
from territory captured by Islamic
State have been arriving on Turkish territory,» Putin continued.
A new report
from the US Geological Survey has revealed that the
oil and gas industry is causing earthquakes in the Central and Eastern United
States at an alarming rate.
Oil prices might have bottomed as output in the United
States and other non-OPEC producers is beginning to fall quickly and an increase in supply
from Iran has been less than dramatic, the International Energy Agency said on Friday.
U.S.
oil major Chevron Corp has evacuated executives
from Venezuela after two of its workers were imprisoned over a contract dispute with
state - owned
oil company PDVSA, according to four sources familiar with the matter.
In April, the OGS said most of the
state's recent earthquakes were caused by the injection of wastewater
from oil and natural gas drilling operations Earth, which has become increasingly common in recent years.
Buried in statistics released by the Energy Information Administration this week indicating the United
States is exporting more crude
oil than it has in 15 years is a still more startling fact: «Almost all of the crude
oil exported
from the United
States has been delivered to Canada.»
Potential U.S. sanctions on sales of light crude to Venezuela's
oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source
from the
state - run firm and Thomson Reuters data.
The Obama administration considered opening some of the affected areas to
oil exploration, but abandoned the idea in 2016 because of concerns
from states, coastal residents and the military, which uses waters that would be affected.
PDVSA also regularly buys U.S. light crude for processing at its Isla refinery in Curacao and to formulate an exportable Dilute Crude
Oil (DCO) blend that is shipped
from the Caribbean island to customers in the United
States and Asia.
BISMARCK, N.D. — A North Carolina - based private security firm hired by Texas - based pipeline developer Energy Transfer Partners won't be banned
from North Dakota, though a judge is still weighing whether TigerSwan operated illegally in the
state during protests against the Dakota Access
oil pipeline and might be subject to fines.
The sentiment on Thursday marked a shift
from earlier in the week, when
oil prices fell after Trump said the United
States and France could reach an agreement «fairly quickly» on the Iran nuclear deal.
Most of the senators who signed are
from states that depend on the continued burning of coal,
oil and gas.
In northwest Louisiana, as the production rush began in the Haynesville Shale in 2009, the
state water agency ordered
oil and gas companies to stop pulling groundwater
from the local aquifer that also supplied homes and businesses, and use surface water instead.
«
Oil supplies (
from the United
States) are continuing to grow and there are no signs of a reversal,» said Fawad Razaqzada, market analyst at futures brokerage Forex.com.
Though the Obama Administration looked into opening some areas to
oil exploration on a smaller scale, the idea was abandoned in 2016 after concerns
from the military, coastal residents, and
states that would be affected.
Following the U.S.
State Department's decision to postpone a decision on TransCanada Corp.'s Keystone XL pipeline, Canadian pipeline boosters
from oilpatch CEOs to federal Natural Resources Minister Joe Oliver responded that Canada would have to look to other markets — namely China — to buy our
oil.
Oklahoma was shaken late Wednesday night by two of the strongest earthquakes to hit the
state in recent years, the latest in a series of temblors that many researchers believe are caused by the burial of wastes
from oil and gas drilling in the
state.
And while Hamm is supporting
oil - related sanctions on Venezuela, U.S. refiners and Republican Senators
from Gulf Coast
states are actively lobbying against potential bans.
The U.S.
oil company removed executives
from Venezuela after two of its workers were imprisoned over a contract dispute with
state - owned
oil company PDVSA.
(In 2011, Cenovus Energy let on that output
from two of its in situ oilsands projects could meet the standard, which mandates that crude
oil imported to the
state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.
TransCanada's Keystone XL pipeline would carry more than 800,000 barrels of
oil a day
from Alberta and the U.S. Bakken
oil field across six U.S.
states to refineries in the Texas Gulf Coast.
In December 2016, he fled to Canada, where he now seeks asylum
from gangs that steal fuel
from Salamanca and five other refineries operated by Pemex, the
state - owned
oil company.
U.S.
oil major Chevron Corp has evacuated executives
from Venezuela after two of its workers were imprisoned over a contract dispute with
state - owned
oil company PDVSA.
Venezuela's plunging output comes amid strong demand as well as concerns that supplies
from the Middle East, by far the world's biggest
oil producing region, could also be disrupted, especially should the United
States in May re-impose sanctions against OPEC - member Iran.
From the early 1930s until 1972, U.S. oil states imposed oil supply quotas so restrictive they would make OPEC blush, while major international oil companies, or «The Seven Sisters» held back oil supply from the massive Middle Eastern concessions they opera
From the early 1930s until 1972, U.S.
oil states imposed
oil supply quotas so restrictive they would make OPEC blush, while major international
oil companies, or «The Seven Sisters» held back
oil supply
from the massive Middle Eastern concessions they opera
from the massive Middle Eastern concessions they operated.
The bill's introduction also comes amid various actions and statements by the Trump administration, including a fourth round of sanctions that restrict Venezuela and Petróleos de Venezuela SA, a
state - owned
oil company,
from issuing new debt or
from engaging in other financial dealings with U.S. citizens.
August saw the US's most drastic action, restricting the Venezuelan government's access to the US financial system, preventing it and the
state oil company, PDVSA,
from issuing new debt in US dollars.
The move comes after months - long protests by environmentalists and Native American groups in North Dakota against Energy Transfer Partners LP's $ 3.8 billion Dakota Access pipeline, which would bring crude
oil from the
state's Bakken
oil patch through the Midwest and into the U.S. Gulf Coast.
The so - called shale revolution could help to alleviate Washington's reliance on foreign
oil, including
from turbulent Middle Eastern
states, while also supporting a bid to export to more countries around the world.
The
state's
oil production grew tenfold over the past decade as it built a thriving
oil shale industry virtually
from scratch, driving unemployment to a national low and filling government coffers with surging tax revenue.
This follows a stark warning
from U.S. Secretary of
State Rex Tillerson, who said at the start of February that sanctioning Venezuela's
oil or prohibiting the crude to be sold in the U.S. was something the White House was continuing to mull over.
The accident, though, will likely shift the U.S. debate over Keystone away
from whether or not building the pipeline would have any significant impact on greenhouse gases (the U.S.
State Department says it won't, environmentalists disagree), to whether or not Western Canada's
oil is a particularly hazardous fuel.
Her father had hoped she could use her business acumen and political standing to clamp down on theft
from the
state oil company as it struggled to adjust to the sharp fall of
oil prices over the previous year.
However, stopping embezzlement
from state oil companies is easier said than done.
In Nigeria in 2014, Lamido Sanusi was fired as head of the central bank after trying to track down $ 20 billion that he said had been stolen
from that country's
state oil company, NNPC.
According to Reuters, she's to be replaced by Carlos Saturnino, an
oil veteran who was fired by Dos Santos from Sonangol last year, and who was most recently Secretary of State for O
oil veteran who was fired by Dos Santos
from Sonangol last year, and who was most recently Secretary of
State for
OilOil.
As Hillary Clinton told a California audience recently, by way of explaining why the
State Department was leaning toward approving TransCanada Corp.'s giant Keystone XL pipeline: «We're either going to be dependent on dirty
oil from the Gulf or dirty
oil from Canada.»
According to a recent Reuters report, depending on who takes a Senate seat
from several of these battle ground
states and who wins certain gubernatorial races could mean which of the energy topics — EPA carbon regulations, the Keystone Pipeline XL's approval, relaxing crude
oil export rules, developing clean energy technology — will take priority.
Shares in
oil and gas group AWE have jumped more than 20 per cent following a $ 430 million indicative takeover offer
from a Chinese
state - owned energy corporation.
While
oil - related dependence is down to 22 percent of 2015 government revenue
from 35 percent in 2015, the country is still trying to squeeze more dividends out of
state - owned
oil and gas player Petronas, he said.
He was speaking following a meeting with Saudi deputy crown prince Mohammed bin Salman, who is visiting the United
States to promote a reform plan to wean the kingdom away
from oil revenue.
Refiners in the U.S. Midwest, Ontario, Alberta, B. and Washington get their raw material
from the Western Sedimentary Basin, production
from which is growing thanks to the Alberta oilsands, the Bakken field in Saskatchewan and North Dakota and
oil shales in the Rocky Mountain
states.
Last month, Governor Jack Dalrymple called for a decrease in the
state budget, since tax revenues are down and the budget outlook for the
state is different
from two years ago, when the price of
oil was topping $ 100 per barrel.
Arab Light and Arab Medium were set at 10 - month highs for July, according to a statement
from state - run Saudi Arabian
Oil Co..
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.
I think there is a substantial commercial and economic opportunity both in the construction of the pipeline and in the advantages of lower priced
oil that would result
from the pipeline for the United
States and for Canada.
Similarly,
State owned Petro China spent about $ 2 billion acquiring full control of the Mackay River project
from Athabasca
Oil Sands Corp...
The statement
from the U.S government is widely interpreted as a threat to sanction
state - owned
oil company PDVSA, the government's main source of revenue.
The United
States stands ready to assist Nigeria in diversifying its economy beyond the
oil sector, a regional U.S. secretary said
from Washington, D.C..