But the findings of the Alberta study clearly suggest that actual methane emissions
from the upstream oil and gas sector (excluding mined oil sands) are likely to be at least 25 to 50 per cent greater than estimated.
-- Actions to halve expected methane (a potent greenhouse gas) releases into the atmosphere
from the upstream oil and gas industry in 2020 provide 18 % of the savings.
The Alberta Energy Regulator (AER) has issued two draft Directives that will require upstream oil and gas operators to reduce methane emissions
from upstream oil...
Not exact matches
Earnings
from Exxon's
upstream segment, which explores for and produces
oil and natural gas, rose $ 9 billion
from a year earlier.
Total
upstream production came in at 689,400 barrels of
oil equivalent per day in the first quarter, compared to 725,100 boe / d in the prior year quarter, as oilsands output fell to 404,800 barrels per day
from 448,500 bpd.
As well as its decision on
upstream oil and gas, the World Bank Group said on Tuesday that it would, among other things, report the greenhouse gas emissions arising
from investment projects it finances in «key emissions - producing sectors»
from 2018.
LAGOS, May 2 - Nigerian energy firm Forte
Oil said it plans to sell its
upstream services and power businesses in Nigeria and divest
from Ghana to focus on its core fuel distribution operation at home.
Major energy companies are called «Big
Oil» for a reason, as the vast majority of their profits comes from the upstream divisions, which explore and produce o
Oil» for a reason, as the vast majority of their profits comes
from the
upstream divisions, which explore and produce
oiloil.
Probably the most discussed aspect of the NGP Report (see this excellent discussion on CBC's The 180 beginning at around the seven minute mark) is the JRP's treatment (or lack thereof) of «
upstream» greenhouse gas emissions (GHGs), and specifically the apparent asymmetry between the JRP's decision to consider the need to open markets for projected increases in
oil production — the vast majority of which would uncontrovertibly be
from the
oil sands — but not the GHGs associated with this projected growth.
Contamination
from upstream tar sands /
oil sands development is causing higher levels of cancer and other serious disease for members of the Athabasca Chipewyan and...
At the sectoral level, the Industry Sector recovered
from a negative growth of 0.5 percent and is expected to grow by 17.7 percent in 2017 due to increased production in
upstream oil and gas.
Since the three main Westminster political parties all endorse the conclusions of Sir Ian Wood's recent review on how to maximise the economic recovery of
oil and gas
from the UK Continental Shelf (Search for UKCS Maximising Recovery Review Final Report, here), and its tacit underlying fiscal premises (namely that there is a need for a simplified fiscal regime to incentivise investment and drilling activity, as well as to ease the burden upon the new regulator of the
upstream sector), it does not take the gift of prophecy to appreciate that the ultimate outcome of this subsequent review on the shape of the UK fiscal regime seems foreordained; namely, a return to the situation that prevailed before the introduction of SC, whereby the only levy on income
from oil and gas fields is to be Corporation Income Tax at the standard rate levied on the likes of Starbucks and Amazon.
'' The innovations that we have developed and started implementing in the downstream,
upstream, policy generation and Niger Delta security have enabled the sector to aggressively pursue out of the box ideas of rejuvenating this sector, getting the best yield and increasing our earnings
from Oil and Gas.
On May 20, 2015, nine days BEFORE the government was inaugurated, I laid out «Policy Prescriptions» - diversification of production, government revenue, and exports; imperative of a strong and credible economic team and cabinet; targeting «opportunity sectors» (solid minerals, refining and petrochemicals, a new and realistic fiscal regime for
upstream oil and gas, private sector investments in power and infrastructure, agro-processing, retail and construction); freeing «up resources
from downstream petroleum sector deregulation» emphasizing «an economic reality in which hard decisions including some previously rebuffed by the opposition will have to be taken» a clear reference to the petrol subsidy which government waited a full year before countenancing the critical decision!
Data
from the GIPC, which registers all the formal FDI inflows, indicates that about 90 % of it (excluding investment in the solid mineral mining and
upstream oil and gas sectors) ends up in just three of Ghana's 10 regions: Greater Accra, Ashanti and Western.
The emissions
from consumer products also dwarfed those
from the production of
oil and gas, called
upstream emissions.
$ 300,000 of it is
from a failed investment in a handful of
upstream oil producers.
If you are an
upstream company, your business results are strongly tied to the price of
oil and natural gas because
upstream companies are the ones that find
oil and natural gas and pump it
from the ground.
Third, there were some asset purchases and rationalizing of assets between the portfolio companies during the past 4 months; Several
oil / gas well drilling companies / assets were acquired by different affiliates within the portfolio, then the companies / assets were consolidated under Steel Excel (the shell of the old ADAPTEC), presumably
upstreaming some cash
from Steel Excel to the holding company for further investments.
To the west of the
oil slicks and fleets of vessels working to seal the BP well, another less invisible stain, mainly the result of vast amounts of nitrogen and other nutrients washing down the Mississippi River
from agricultural lands
upstream, has spread beneath the waters of the Gulf of Mexico.
The move to delay a final decision comes following intense pressure
from civil society organisations and movements, as well as diverging moves
from other financial institutions such as the World Bank which pledged to end support to
upstream oil and gas - a highly significant move given that current support to
upstream oil and gas at over $ 1 billion per year on average between Financial Year 2014 and 2016.
While gasoline and diesel
from conventional
oil are estimated to produce 5.6 and 4.4 gCeq / MJ respectively on the
upstream side, estimates for fuels
from oils sands / heavy
oil range
from 9.3 to 15.8 gCeq / MJ.
Further, due to growing output, total emissions
from the
oil sands continue to increase despite the reduced CI; total
upstream emissions were roughly 65 MtCO2e, or 9 % of Canada's emissions, in 2010.
With new urgency, the groups are calling for the Obama administration to act before it leaves office to withdraw permits needed for construction of the 1,172 - mile Bakken
oil conduit, which would cross the Missouri River a half - mile
upstream from the tribe's reservation.
Of Shell's $ 334 billion in potential («potential» again includes capital spend on the prospective resources that Shell could develop)
upstream oil capex
from 2014 - 2025, $ 107 billion (32 %) is projected to be spent on projects with a BEOP above $ 80 / bbl.
Just last week, for example, our
Upstream Research Company announced that it is licensing ExxonMobil's patented steam injection system and production method, which allows producers to recover more
oil from Canada's
oil sands with carbon dioxide emissions reduced by up to 10 percent per barrel.
Only 50 % Reduction in
Upstream Emissions Possible According to the report Carbon Capture and Storage in the Alberta Tar Sands, CCS «has limited potential to reduce upstream emissions to levels comparable with the average for conventional oil,» with «even the most optimistic estimates from industry experts» showing reductions in the 10 - 30 % range in the medium term and up to 50 % in the lo
Upstream Emissions Possible According to the report Carbon Capture and Storage in the Alberta Tar Sands, CCS «has limited potential to reduce
upstream emissions to levels comparable with the average for conventional oil,» with «even the most optimistic estimates from industry experts» showing reductions in the 10 - 30 % range in the medium term and up to 50 % in the lo
upstream emissions to levels comparable with the average for conventional
oil,» with «even the most optimistic estimates
from industry experts» showing reductions in the 10 - 30 % range in the medium term and up to 50 % in the long term.
Principal among these announcements, I think, was news that the World Bank will stop financing
upstream oil and gas projects
from 2019 onwards.
(It was a more streamlined bill that limited pollution
from big «
upstream» energy companies — think coal mining and
oil production — and didn't allow a freewheeling market in carbon - pollution credits.)
Such deals, notes Hesse, sprang
from lower
oil prices and production revenues, plus the inability of many
upstream players to bear the burden of development costs, especially in geographically challenging regions; and the desire to fund development costs in one project exiting, in whole or in part, into another project.
Extensive experienced international
oil and gas
upstream lawyer, with leading edge practice gained
from transactions in the UK Continental Shelf, Republic of Kazakhstan, the Caribbean and Africa.
A companion to Brazilian
Upstream Oil and Gas, this new book features chapters by highly respected Brazilian and international professionals, including experts
from Baker Botts, Pinheiro Neto, Vieira Rezende, Veirano Advogados and Machado Meyer.
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Oil Review Middle East is the region's leading oil and gas magazine that covers the exploration and production, upstream and downstream petroleum industry from the Gulf Corporation Council states and Iran to North Africa and the Caspi
Oil Review Middle East is the region's leading
oil and gas magazine that covers the exploration and production, upstream and downstream petroleum industry from the Gulf Corporation Council states and Iran to North Africa and the Caspi
oil and gas magazine that covers the exploration and production,
upstream and downstream petroleum industry
from the Gulf Corporation Council states and Iran to North Africa and the Caspian.