Sentences with phrase «in oil output»

His study attributes the expected growth in oil output largely to a combination of high oil prices and new technologies such as hydraulic fracturing that are opening up vast new areas and allowing extraction of «unconventional» oil such as tight oil, oil shale, tar sands and ultra-heavy oil.

North Dakota now ranks second behind only Texas in oil output nationwide.

The Bretton Woods institution projected that Ghana's oil revenue will peak in 2023 and decline thereafter, stating that «a projected increase in oil output would boost Ghana's domestic revenue over the medium term «but this effect will likely be short - lived.»

Not exact matches

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.

Oil prices are also drawing support from declining output in Venezuela, OPEC's biggest producer in Latin America, and Angola, Africa's second - largest exporter.

In late August, PetroChina, that country's largest oil producer, announced it seeks to boost its overseas production to half its total output (from about a tenth currently) in less than a decade through acquisitionIn late August, PetroChina, that country's largest oil producer, announced it seeks to boost its overseas production to half its total output (from about a tenth currently) in less than a decade through acquisitionin less than a decade through acquisitions.

LONDON, April 26 - Oil rose on Thursday, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and continuing strong demand.

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.

Fresh sanctions on Iran could result in a reduction of the country's oil exports, which would strain global supplies even more, especially given the discipline of the Organization of the Petroleum Exporting Countries (OPEC) and their partners in sticking to an agreement to limit output.

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.

Oil output in Venezuela, a member of the Organization of the Petroleum Exporting Countries, has fallen from almost 2.5 million barrels per day to just around 1.5 million bpd currently due to political and...

SINGAPORE, April 26 - Oil prices rose on Thursday, supported by an expectation that the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand.

And with supplies from Iraq threatened with disruption — in recent years, Iraq was the only major producer increasing its output faster than the U.S. and Canada — that American oil is only going to get more competitive in the marketplace.

Oil prices rose on Thursday, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and ongoing strong demand.

Venezuela's plunging output and looming U.S. sanctions against Iran come against a backdrop of strong demand, especially in Asia, the world's biggest oil consuming region.

Elsewhere, oil prices were higher on Monday, on the back of hopes that leading exporters would agree to extend the output cut - as OPEC members gear up for a meeting in Vienna this Thursday.

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.

OPEC is scheduled to publish the assessment of March output based on secondary sources in its monthly oil market report on Wednesday.

OPEC said Monday it expects demand for oil to grow faster than it originally expected in 2018, but the organization also sees supplies from beyond the producer group surging this year, driven by rising U.S. output.

SINGAPORE, April 23 (Reuters)- Oil prices dipped early on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

Oil prices drew support from expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and ongoing strong demand.

Canadian producers had hoped a return to full capacity on the line would help relieve a bottleneck in the oil - rich province of Alberta, where increased output has run up against a shortage of pipeline and rail capacity.

(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 conflicIn 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 conflicin 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 conflicin 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 conflicin environmental conflict.

Oil prices gave up earlier gains as rising U.S. output loomed over markets, despite a slowdown in rig drilling activity.

Strong Chinese factory data and a decline in the country's crude output supported the oil market, but relentless growth in U.S. output weighed on crude futures.

The Organization of the Petroleum Exporting Countries also said oil inventories across the most industrialized countries rose in January for the first time in eight months, a sign the impact of its output cuts may be waning.

Oil prices fell as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply.

Oil prices rose about 2 percent on tensions in the Middle East and concerns of a further fall in Venezuelan output.

Meanwhile, global oil stockpiles in developed countries could actually fall below the five - year average — the level OPEC is targeting — as inventories approach normal levels, oil demand potentially outstrips Goldman's estimate and OPEC possibly cuts output too deeply.

Foreign firms have pushed for a greater say in procurement to combat inefficiencies and graft, oil industry sources said, but disputes over governance standards have caused operational delays, raising tensions over Venezuela's falling oil output.

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.

OPEC and non-OPEC oil giant Russia have agreed to extend oil output cuts until the end of 2018 following hours of discussions in Vienna, according to two reports.

Oil output in Venezuela , a member of the Organization of the Petroleum Exporting Countries (OPEC), has fallen from almost 2.5 million barrels per day (bpd) to just around 1.5 million bpd currently due to political and economic turmoil in the South American country.

The main price driver has been an OPEC - led supply cut from major oil - producing group OPEC, which started to withhold output in January last year.

OPEC oil output rose slightly in October, keeping the global market well supplied, as additional exports from Iraq, Angola and Libya offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.

SINGAPORE, April 23 (Reuters)- Oil prices dipped on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

He estimated a US$ 10 improvement in the difference on Alberta's overall output of 3.2 million barrels per day of heavy oil would result in C$ 50 million a day spilling back into the provincial economy.

That has changed the situation for all of North America at a time when Mexico's oil and gas output was in decline and Canada found some of its potential oil output landlocked.

At first gradual, the uptick is picking up speed; U.S. oil output rose three - quarters of a million bpd in 2012, the largest single - year increase in history.

And unlike with the oil industry, no «fracking» method has been invented yet to extract gold from hard - to - reach areas, though Barrick — the world's largest producer by output — has been experimenting with sensors at its Cortez project in Nevada.What Pierre is talking about, of course, is the idea of «peak gold.»

In terms of output, the IEA noted that member countries of the OPEC oil - producing cartel cut their production for the second month in a roIn terms of output, the IEA noted that member countries of the OPEC oil - producing cartel cut their production for the second month in a roin a row.

Exploration and production companies have so far steered clear of taking sides, but Weir's departure would deprive Scotland of a valuable link in the production chain just when the country most needs innovative solutions to boost oil output.

OPEC oil output fell for a fourth straight month in April, a Reuters survey found on Tuesday, as top exporter Saudi Arabia kept production below its target, which helped offset weaker compliance by other members.

Despite the layoffs and poor performance in its first quarter, Suncor, Canada's largest oil sands producer, continues pumping out crude, outputting 602,400 barrels per day during the first quarter — up 10 % from the same period last year.

US to dominate oil industry in 5 years, IEA reports How much investment is needed in energy US shale output is surging, here's what will keep the boom going

Output from major shale oil regions will grow by 131,000 barrels a day in April, the Department of Energy predicts.»

ERIC Streitberg is relentlessly pursuing his pipedream of expanding considerably oil and gas output in the Dongara production licence area near the coastal town of Dongara.

Oil prices were already down after news that Nato air strikes over the weekend had killed one of the sons of the Libyan leader, Muammar Gaddafi, and after industry sources said Saudi Arabia had raised output in April.

Now, however, with prices less than half of what they were in July, many U.S. oil companies have been forced to shut down rigs, effectively slowing down output.

With Shell's output up 2 percent at 3.8 million barrels of oil equivalent per day (boe / d) and Total's production rising 5 percent to 2.7 million boe / d in the quarter, both were well positioned to capture the price upswing in benchmark oil prices.