Sentences with phrase «meant oil majors»

Shell's Chief Executive Officer Ben van Beurden said the oil sector had yet to emerge from troubled waters, but huge cost savings meant oil majors were getting closer to balancing their operations at today's oil prices of around $ 50 a barrel.

Not exact matches

SINGAPORE, Oct 30 (Reuters)-- The outlook for oil and natural gas markets remains bleak for the rest of the year and much of 2016, meaning there will be no let up in pressure to control costs, executives from two European energy majors said.

According to them, the Keta basin for years has been their major source of fish supply and they fear, the oil exploration will take away their means of livelihood.

To do this, the IS F has an oil cooler that uses the engine coolant as a major means of cooling the lubricant and preventing oil deterioration.

Further major series of paintings include 64 «Beside the Sea» canvases (1962 — 1968), in which Motherwell mirrored the spray of the sea by splashing oil paint onto rag paper with great force; and «Open» (1967 — 1972), his response to the colour - field painters of the 1960s, described by him as «a painted plane beautifully divided by minimal means, the essence of line drawing».

After the CEO of Total (the French oil major) last week, two more CEOs of an oil major came out this Thursday to give stark warnings that mean that peak oil is happening right now.

While burning oil is certainly a major source of greenhouse gas emissions, it is by no means the only one.

Sudan is a major player in the oil industry... or do you mean South Sudan?

Around 20 % -25 % of oil and gas majors» potential investment is in projects that will not be needed in a 2 ˚C scenario, and cancelling them would mean seeing very little or no growth (known as ex-growth).

With a decision that could have far - reaching implications, a federal judge in California has ordered the first ever U.S. court hearing on climate science for a «public nuisance» lawsuit, meaning that major oil and gas companies for the first time may have to go on the record regarding what they knew about the planetary impacts of their products — and when.

Around 20 - 25 % of oil and gas majors» potential investment is on projects that will not be needed in a 2 ˚C scenario, and cancelling them would mean going ex-growth.

This means that climate campaigners are a major threat to Big Oil profits in the United States, but only a minor threat (or perhaps even a help) to Big Oil profits in Europe.

The pipeline is by no means the only major source of potential legal work; many firms are also eyeing the Halifax Shipyard modernization, the construction of a major hydroelectric facility at Muskrat Falls in Labrador, and the billions being poured into offshore oil explorations (read more on this on the Back Page).

When coupled with the relatively high levels of unemployment in the Russian oil and gas sector, what this means is that, with many major projects on hold in Russia and CIS states, workers are being tempted to consider positions in regions where skilled workers are in high demand.