Sentences with phrase «gas production year»

Failure to achieve this single KPI means the company is unable to increase oil and gas production year after year, reflecting negatively in the financial performance of the company's profit & loss statement.

Not exact matches

«We're near record production in oil and gas but we're at a 20 - year low in our carbon emissions.

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to an average of about 315,000 boe / d, with exit production of about 335,000 boe / d, to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indonesia.

CEO Randy Eresman noted in the Calgary - based company's 2011 year - end results: «For the industry as a whole, near - term natural gas prices are at levels below what it costs to add most new production, and in some places, may even be below what it costs to produce from existing wells.»

Goldman Sachs has downgraded its estimations for oil prices for this year, citing a potential rise in shale gas production, new projects and OPEC restrictions.

PARIS, April 26 (Reuters)- Record output and high oil prices helped French oil and gas major Total report a consensus - beating rise in net adjusted profit during the first three months of the year, with Total adding it would surpass its production target for 2018.

Pittsburgh - based gas driller EQT Corporation's $ 8.2 billion purchase of fellow fracker Rice Energy was last year's biggest U.S. exploration and production deal.

Moody's studied 37 oil and gas companies in Canada and the U.S., concluding that although the oil industry has dramatically slashed its cost of production in the past three years and is currently in the midst of posting much better financials this year, there is little room left for more progress.

The pace of oil and gas production gains has consistently surprised forecasters since horizontal drilling and hydraulic fracturing, better known as «fracking», were pioneered in U.S. shale rock formations about ten years ago.

Riding a strong oil price tailwind amid rising oil and gas production in the US, Perth - based Amadeus Energy Ltd is powering towards a record year.

Further analysis found that the emissions associated with the natural gas production to feed the project would add a further five to nine million tonnes per year to Canada's emissions inventory.

LONDON, May 1 - BP's profits surged in the first three months of the year to their highest since mid-2014, driven by a recovery in oil and gas prices and rapid growth in production.

With oil and gas production surging over the past few years, this job mainstains a strong place on our list.

Rosenstein says that the company's average oil and gas production over three years has a significant impact on management's long - term incentive pay, which makes up the largest part of its compensation.

Australia is increasing natural gas production by roughly 150 percent over the next four years, as energy companies build half a dozen export terminals to serve dwindling demand.

Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppliGas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppligas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppligas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppligas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppligas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppligas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppligas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain supplies.

The main subjects in the category this year include disclosure of greenhouse gas emissions, risk management disclosure related to energy production and carbon accounting.

Despite huge gains in oil production, the average price of a gallon of gas in the US has set a new record high in each of the last two years.

The Company's total 2016 net production increased approximately 44 % year - over-year to 22.2 million barrels of oil equivalent («MMBoe»), which was derived primarily from the Wattenberg Field, and consisted of 61 % crude oil and NGLs, and 39 % natural gas.

Fueling the company's most recent plunge was the revelation that it encountered some unexpected drilling delays that would push the initial production of certain wells into next year, as well as the fact that its wells are producing more gas than expected.

Beyond the FERC ruling, we believe fundamentals have generally improved for MLPs over the past year as US oil and gas production has been on a steady incline.

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to about 335,000 boe / d to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indonesia.

The Haynesville Shale, which straddles the Texas - Louisiana border, has seen a resurgence in natural gas production, after years of neglect.

At the same time, the company's oil and gas production dropped 10 per cent to 300,000 barrels of oil equivalent per day in the quarter from 334,000 barrels of oil equivalent per day last year.

Over the years, oil sands production has gotten a bad rap from environmentalists over greenhouse gas emissions.

An unrelenting surge in Permian Basin drilling, which is driving record gas production growth there this year, now appears to be facing market and infrastructure constraints that could come as Continue Reading

The board, which regulates the province's oil and gas industry, said it expects oil sands production to hit 3.8 million bpd in nine years, up from 1.9 million bpd in 2012.

The company's production mix was 65 % natural gas (which had an average price of more than $ 6 per 1,000 cubic feet, down from $ 7 the prior year) and 35 % oil and natural gas liquids.

2017 was a busy year on the corporate front for Exxon's Australian unit, with the company agreeing to break up its longstanding gas marketing bloc with BHP for Bass Strait gas production.

The offshore wells feed both the three - train, 15.6 million tonnes a year LNG production plant and a 300 terajoules a day domestic gas plant on the island that serves the WA market.

Meanwhile, Qatar remains the world's biggest exporter of liquefied natural gas and will add to its capacity this year, when its $ 10 billion Barzan gas - production facility begins operating.

ARC Energy Research Institute forecasts $ 30 billion will be spent in conventional and tight oil and gas formations in Canada this year, which is more than twice the $ 12 billion in investment projected to go into the oilsands, but still well below the peak of $ 46 billion spent in Canadian conventional oil and gas production in 2014.

In fact, the 20 - year forecast from the Energy Information Administration in 2015 called for a 45 % increase in natural gas production to 35.5 Tcf by 2035.

Economist, Mr Samuel Bekoe with the Ghana Oil and Gas for Inclusive Growth (GOGIC) also described the findings as «a wake - up call for Ghana, especially having spent at least 6 years in oil production.»

Texas: As of November 2015, state tax revenues from oil and natural gas production plummeted 48 % and 51 %, respectively, versus a year ago, according to the state comptroller of Texas.

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!

«No - one can say what the impact might be on gas prices in the UK, but we shall not see serious production for at least 10 years even if the reserves are both proven and economically recoverable.

herein to implement the United States target contribution plan to the Paris Agreement, as it pertains to the production and / or use of greenhouse gases by Erie County for all future years.

These investment ventures will lay the foundation for the next 20 years production and domestic gas supply, bringing with it all the attendant benefits both to the economy and the wider society.

Clayton Williams Energy Inc. recorded $ 429 million in revenues last year from oil and gas production in Texas, Louisiana and New Mexico and a net loss of $ 24.8 million, or $ 2.04 per share, according to its annual report.

Preliminary estimates indicate the converted farm prevents the production of greenhouse gases equivalent to 5,000 metric tons of carbon dioxide a year — like taking some 1,000 cars off the road.

Chanton and Hodgkins» work, «Changes in peat chemistry associated with permafrost thaw increase greenhouse gas production,» was funded by a three - year, $ 400,000 Department of Energy grant.

«Our four - year study suggests that AMP grazing can potentially offset greenhouse gas emissions, and the finishing phase of beef production could be a net carbon sink, with carbon levels staying in the green rather than in the red.»

The impact of domestic oil and natural gas production has seen a significant uptick in the past several years.

By late 2009, stories like Wallace - Babb's had become common in Garfield County, Colo., where she had lived and the natural gas production had jumped eightfold in the previous eight years.

At the same time, however, production from all other sources — such as conventional gas fields on land and offshore as well as so - called tight gas and coal - bed methane — has been declining at a rate of about 5 percent per year.

John Staub, leader of the EIA's Oil and Gas Exploration and Production Analysis team, says the agency's model «includes technology change,» which, year after year, increases the amount of gas that can be extractGas Exploration and Production Analysis team, says the agency's model «includes technology change,» which, year after year, increases the amount of gas that can be extractgas that can be extracted.

Over the past five years, with improvements in fracking, shale gas production has soared.

«Methane leakage from natural gas production costs U.S. industry $ 5 billion to $ 10 billion a year,» NASA noted, not quantifying the additional costs of artificially heating up the Earth's atmosphere.

China would need to increase that shale gas production via fracking more than 30 times in just the next two years in order to meet its goal.