Sentences with phrase «in oil transportation»

And they warn that investing billions of dollars in oil transportation will lock the U.S. into continued dependency on an increasingly heavy type of imported crude that will drive up emissions both from the foreign producer and the domestic refiner.

If you're in the oil transportation business, these are negative impacts, whether you move oil by rail or by pipeline.

Lewenza recommends buying stocks in integrated companies — those that both produce and refine oil, so that one part of the business is essentially benefiting from the misfortune of the other — as well as in oil transportation, such as pipeline companies.

Not exact matches

CALGARY, Alberta, May 2 - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail to market amid a transportation bottleneck in the Western Canadian province, Alberta's energy minister said on Wednesday.

Oil transportation by rail has grown astronomically, to about 140,000 carloads of crude in 2013 from 500 carloads in 2009, according to the Railway Association of Canada.

But that disappeared in July when the U.S. National Transportation Safety Board admonished the company for its handling of a Michigan oil spill in 2010.

Formerly an integrated oil company with interests in transportation and refining, Hess in 2013 spun off many of its businesses in order to focus on E&P.

Grantham also believes that within the next five to 10 years there will be «dramatic technological improvements in non-oil based transportation» that will send the oil industry into a sharp — and permanent — decline.

So policy makers focus on «core inflation,» which ignores changes in prices for fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, tobacco products and indirect taxes.

The state Public Service Commission approved the Cherry Creek Pipeline project Monday, saying it will provide a safer transportation option and help reduce the wasteful flaring of excess natural gas in the oil patch, The Bismarck Tribune...

Natural gas is poised to further displace oil imports, especially in the commercial transportation sector.

And considering that transportation represents more than half of all oil use in the world, the type of vehicles we're driving will have a huge impact on that industry.

In April 2018, PDC entered into a firm oil transportation agreement with Tallgrass Energy to transport 12,500 gross operated Wattenberg barrels per day via pipeline to Cushing, OK and area refineries.

Weeks later, a FirstEnergy Capital report still clung to the idea that ramped - up rail transportation, new heavy - oil refining capacity in the U.S. Midwest and the easing of the storage glut in Cushing, Okla., would keep this monster on a leash.

He had been anticipating a drop in oil prices, for example, but rather than play oil producers (which Canadian investors already hold a lot of), he decided to focus on the energy transportation sector.

«While the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports, it is unlikely to reduce demand for heavy sour crude at Gulf Coast refineries.»

But while Grantham projects that oil will surge higher in the medium term, he ultimately — perhaps 20 or 30 years down the road — sees advances in technology making oil virtually obsolete in transportation.

I took snapshots from 1995 (the earliest year available) and 2010 (the latest) and edited the graphics to highlight the industries in question: transportation manufacturing (light blue) and oil and gas (dark brown).

Meanwhile, political turmoil in Yemen, Qatar and Bahrain still threatens to disrupt the transportation of almost 50 % of the world's seaborne oil.

The body of water set to see a fivefold increase in oil tankers has been an industrial and transportation hub for more than a century.

Moving viscous Canadian oil in tank cars used to be «more of a temporary fix» to transportation bottlenecks that earlier this year pushed prices for Western Canada Select to US$ 40 below the West Texas intermediate benchmark, he said.

Headquartered in Dallas, Navigator provides oil and natural gas producers with comprehensive midstream services including crude oil and natural gas gathering, transportation, storage and natural gas compression and processing.

Just as social media upended communications, the transition to clean energy is rapidly undoing century - old expectations around electricity, transportation and oil — and it's happening in market - shifting, often surprising ways.

Transport Canada told Postmedia News that it identified the transportation of flammable liquids, such as crude oil, as an «emerging» issue in 2011, and that it is now reviewing new safety recommendations received in recent weeks from three industry - led committees «on an urgent basis.»

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shippeIn the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shippein turn implies lower profits, taxes, and royalties on the products shipped.

Although the benchmark West Texas Intermediate (WTI) oil price has been increasing, Alberta's producers are being hurt by transportation bottlenecks that have resulted in heavy discounts for non-conventional crude oil.

Since the July 2013 Lac - Megantic fatal train disaster and other recent incidents involving oil by rail, Transport Canada has faced questions about whether it adequately addressed safety oversight concerns surrounding the transportation of dangerous cargo, which were repeatedly raised in internal audits.

As the biggest station operator and supplier of natural gas for transportation in the U.S., the company should benefit from higher oil prices and more focus on reducing emissions likely to drive many truck operators to consider this new engine.

This isn't a matter of collusion or market power, it's simply a matter of a broad market for refined products not affected in the same way by pipeline shortages and transportation bottlenecks which affect crude oil prices in one region but not another.

At an aggregate level, it is difficult to discern the effect of movements in oil prices on the underlying price level, although some effect on the energy - intensive components of the CPI, such as transportation and travel, can be found.

Of course, the precipitous drop in oil prices (down about 40 % from last year) is helping some large manufacturing, consumer discretionary, and transportation companies (prominently including airlines) offset the negative impact of the rising dollar.

In order to sidestep this pipeline capacity issue, Canadian oil producers have substantially increased transportation by rail, reaching a near high of 106,704 barrels per day in December 201In order to sidestep this pipeline capacity issue, Canadian oil producers have substantially increased transportation by rail, reaching a near high of 106,704 barrels per day in December 201in December 2015.

The report also looks at the opportunity for natural gas in transportation, now in its infancy, and notes that never before has oil's dominance in vehicles been challenged by such low gas prices.

Calling Wal - Mart «our best $ 35 oil idea» in a mid-December note, Nomura analyst Robert Drbul wrote that low oil and gas prices help Wal - Mart «for two key reasons: 1) we believe lower income demographic consumers stand to benefit most from lower gas prices, and 2) we believe its private transportation fleet (> 6,650 trucks; one of the largest in the world) will realize cost benefits due to low fuel prices.»

The battle for pipelines has become a battle for more than just the people involved in the oil and gas industry in Alberta; it has also become a battle for other commodity traders such as farmers and everyday Albertans who rely on the transportation of goods.

Our energy transportation activities include onshore crude oil and natural gas pipelines, offshore pipelines in the Gulf of Mexico, and crude by rail, while we also operate a growing power transmission business.

These partnerships typically own interests in oil and gas transportation, and historically have paid relatively high amounts of income compared to most stocks.

If there is extensive pollution involved in the pumping, transportation, and processing of the oil, this has its economic costs.

That is certainly good for the living standards of people in societies that are dependent on oil imports for production, transportation and heating.

What we have also done to prevent this type of thing happening again is that I have ordered the Bulk Oil Storage and Transportation Company which is responsible for keeping Ghana's strategic stock to keep one month's supply of light crude in reserve so if there is any challenge in terms of shortage in light crude, BOST will supply.

Ghana allegedly lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companiOil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companioil marketing companies.

The minority in Parliament has noted with grave concern the sale of contaminated fuel product to the tune of five million litres to a company known as Movenpiina by the MD of the Bulk Oil Storage and Transportation Limited under very dubious and bizarre circumstances in another clear example of escalating corruption in the Akufo - Addo / Bawumia Government.

Critics of crude oil transportation by rail are in pro-active mode when it comes to disaster preparedness.

Environmental groups were joined by community leaders at the capitol Wednesday in regards to the transportation of crude oil through Albany and Hudson River.

In a new twist to the ongoing controversy, Minority Spokesperson on Finance, Ato Forson, is asking the Ghana Revenue Authority (GRA) to go after the company and retrieve the unpaid taxes accruing from the transaction between the oil firm and the Bulk Oil Storage and Transportation Company Limited (BOSoil firm and the Bulk Oil Storage and Transportation Company Limited (BOSOil Storage and Transportation Company Limited (BOST).

ALBANY, N.Y. >> Environmental groups are citing a provision in a 107 - year - old transportation law in trying to derail an oil pipeline project from Albany to New Jersey.

A Deputy Executive Secretary of the Microfinance and Small Loan Center (MASLOC), Afia Akoto, who is the third defendant in a GH cents 8 million defamation lawsuit, has apologized and retracted comments she reechoed accusing Senyo Hosi, CEO of the Chamber of Bulk Oil Distributors of offering a $ 1 million bribe to the CEO of the Bulk Oil Storage and Transportation...

It emerged last month that the Bulk Oil Storage and Transportation company (BOST) signed a deal to sell about 5 million litres of contaminated fuel to Movenpiina Energy and Zup Oil at a discounted price that could result in Ghana losing about GHs7 million in revenue.

Some powerful state actors are involved in the recent $ 5 million litres contaminated fuel which was reportedly offloaded by the market at the Bulk Oil Storage and Transportation Company (BOST).

«I applaud Governor Cuomo for recognizing the importance of these public transportation services and the role they play in sustaining the State's efforts to improve air quality and reduce dependence on foreign oil.»