Sentences with phrase «global oil refining»
Carbon Tracker, the analyst house which pioneered the stranded asset or «carbon bubble» theory, has warned a quarter of global oil refining capacity could become unviable and be forced to shut down within 20 years due to falling demand.
https://www.businessgreen.com/ Not exact matches
And while there is pressure on pricing in the industry, global oil consumption has continued to grow and the oil must move from production to refining operations.
It's a cute theory, but the real reason global oil prices are falling doesn't have much to do with a bump in the amount of refined products that are being exported from the U.S..
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Working closely with a global network of leading scientists and institutions, ReFINE focuses on researching the potential environmental risks of hydraulic fracturing for shale gas and oil exploitation.
Chevron, headquartered in San Ramon, California, is the 2nd largest integrated energy company in the United States, with a production capacity of 2.6 million oil - equivalent barrels per day (75 % of which comes from outside the United States) and global refining capacity of 1.96 million barrels of oil per day.
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Based on information and analysis about the North American crude transport infrastructure (particularly the proven ability of rail to transport substantial quantities of crude oil profitably under current market conditions, and to add capacity relatively rapidly) and the global crude oil market, the draft Supplemental EIS concludes that approval or denial of the proposed Project is unlikely to have a substantial impact on the rate of development in the oil sands, or on the amount of heavy crude oil refined in the Gulf Coast area.
That record production, combined with a new high for refinery throughput and 6.3 mbd of crude oil and refined product exports, narrowed the price difference between U.S. and international crude prices last month and underscored the global impact of U.S. energy.
As the refining of bitumen from tar sands mines creates particularly dirty fuel, Valero and the other oil companies crawling around northern Alberta aren't happy to see California's Global Warming Solutions Act survive Proposition 23.
A quarter of global refining capacity could become unviable and be forced to close by 2035 as a swelling tide of climate regulations and rapid advances in clean technologies cut oil demand, finds a report launched today by Carbon Tracker highlighting sector risks for investors.
And anyone who understands the global oil market knows oil is fungible, with prices and supply controlled by the global market, and that the pipeline would not change that reality (for instance, while we imported over 9 MBPD of oil in 2015, we exported nearly 5 MBPD of oil and refined products).
The global trade of oil and natural gas is dependent on our nation's ports and waterways to move crude oil to our nation's refineries, export refined products and natural gas to markets abroad and move products domestically on our vast inland waterway system.
Levant also said that «if they [Liberals] believe global warming is an issue, then oilsands oil is superior to other sources of oil, such as California or Venezuela, which both have heavy oil that requires a lot of energy to refine.»
Our model accounts for global warming pollution generated both upstream — ie, during oil extraction, refining, and transportation — and downstream, when it's combusted in the vehicle's engine.
«The United States is a global leader in production and refining of natural gas and oil while cutting greenhouse gas emissions, the result of technological advances in hydraulic fracturing and horizontal drilling.
The United States is the global leader in refining and production of oil and natural gas, while also leading the world in reducing energy - related carbon dioxide emissions — thanks to increased use of natural gas developed with hydraulic fracturing.
Global law firm White & Case LLP has advised Saudi Arabian Oil Company (Saudi Aramco), as a sponsor, on the development and financing for the US$ 8 billion expansion of an existing, world - scale petroleum refining and
Diesel prices have fallen to the lowest levels since mid-May, marking the seventh consecutive week without an increase as the global crude oil glut spills over into refined product... Read More