In this fifth episode in our Salary Guide series, I look at how Asia's expat balance is shifting and why the region badly needs the skills to find and extract
more oil and gas.
He pointed out that it had been said that we would run out of gas after Prudehoe Bay, but now look at us, we have
more oil and gas than we know what to do with.
James Leaton, research director at think tank Carbon Tracker, which has led the analysis of stranded fossil fuel assets, said: «It is disappointing that Oil and Gas UK seems confused about how to rationalise tackling climate change and developing
more oil and gas.
Burning
more oil and gas, but less coal, saw the US's emissions fall 2.6 % in 2015 and they are projected to fall a further 1.7 % in 2016.
As the math of global warming makes clear, fossil fuel companies have discovered
more oil and gas than is safe to burn.
Yet the decision appears a reluctant pause as Shell suggests it would have continued to drill if it had found
more oil and gas and it has only halted exploration «for the foreseeable future».
So we have to import more and
more oil and gas as we increase our consumption every year, as the country grows and we add more people and more buildings.
This might lead coal - rich countries to use less coal and
more oil and gas, thus lowering their emissions.
The UK government has announced that it will fast track measures to allow
more oil and gas to be sucked out of the North Sea.
As
more oil and gas is drilled from American soil and water, more gas and oil will be exported.
The #NoDAPL movement has garnered national attention, much like the Keystone XL fight did, for creating a formidable opponent to the fossil fuel companies invested in transporting
more oil and gas through their ever - expanding pipeline network.
In coming years, many
more oil and gas fields will be developed in the northwest shelf and Timor Sea.
And there is this euphoria — justifiable euphoria — in our ability to produce
more oil and gas,» said former Sen. Byron Dorgan, D - N.D., whose home state is at the forefront of America's booming oil and gas industry.
Last year Brazilian listed oil and gas companies spent over US$ 23 billion purely on exploration and production of
more oil and gas reserves (see below).
The quote from Mitt Romney's (allegedly «ghostwritten») book points to the conclusion that the USA should do
more oil and gas exploration («drill, baby, drill») including shale deposits, to get more «energy independent» (combined, of course, with supporting basic research for new energy technologies).
Meanwhile, 95 % goes toward exacerbating the problem, meaning the extraction and production of even
more oil and gas sources.
The more oil and gas we save on our own initiative, the less the world - wide oil and gas prices are going to rise and the oil and gas saved now is going to be consumed a few months later by somebody else.
Of note is that the Toronto Stock Exchange has
more oil and gas companies listed on it than any other stock exchange in the world.
As fracking and refracturing become more common to make wells produce
more oil and gas, it adds to an already fraught competition among agriculture, aquatic ecosystems, and municipalities for water supplies, the study says.
Can reducing black carbon be twinned with
more oil and gas production?
He said there was the need for the Federal Government to continue to support the endeavour which he said would help in the provision of
more oil and gas for the country and bringing about agricultural revolution in that area.
Obama hints in his 2013 State of the Union address that he might approve the pipeline; Greens promote the «Green New Deal» and say environmental groups must stop allowing Dems to take support for granted; Obama's «executive action» to curb climate change won't work if he keeps promoting
more oil and gas production
More and
more oil and gas will traverse the Atlantic and Pacific from the Americas and West Africa to markets in Asia.
Marathon's strong start to the year has it on pace to produce 25 % to 30 %
more oil and gas from its U.S. resource plays in 2018 than it did last year.
A handful of counties in North Dakota are churning out
more oil and gas than the entire state of Alaska.
Hydraulic fracturing or «fracking» involves injecting liquids, sand and chemicals under high pressure to break apart tight rock formations underground to allow
more oil and gas to escape into the well.
Not exact matches
So far, the Obama Administration is giving the agricultural community a pass, even though it emits as much or
more methane than the
oil and gas industry.
WESTERN Australia's «energy gold rush» is overshadowing minerals exploration as investment in searching for
oil and gas reaches a figure
more than double that spent looking for minerals.
The stock has soared
more than eight per cent over the past week on speculation the company could buy the retail operations of
oil and gas giant Hess, which owns about 1,350 gasoline stations in 16 East Coast states.
Investors who would prefer to play E&P companies
more broadly could consider the iShares U.S.
Oil &
Gas Exploration & Production ETF, which focuses on large - cap companies
and has an expense ratio of 0.43 %.
It is redesigning its deepwater
oil platforms
and onshore shale -
gas projects to simplify them, a major cultural change at a firm that has long prided itself
more for engineering prowess than for economic discipline.
The latest commodity trading prices for
oil, natural
gas, gold, silver, wheat, corn
and more on the U.S. commodities & futures market.
Demand is rising too: Goldman says China
and other emerging markets are using
more oil than analysts had anticipated, while low
gas prices are encouraging American consumers to drive
more than ever.
The fossil fuel divestment campaign began on university campuses in 2011 but the new report reveals that concerns over investments in coal,
oil and gas have now entered the financial mainstream, with
more than 80 % of the funds now committed to divest being managed by commercial investment
and pension funds.
For GE, the deal will help it focus
more on the
oil and gas sector, especially in North America, while shielding the parent company's earnings from the energy industry's boom
and bust cycles.
Oil and gas traders, Bailey says, received alerts about the death of the King of Saudi Arabia
more than four hours before crude prices spiked on the news.
Oil and gas, telecoms
and basic resources stocks led the losses on Friday, with the latter sector down by
more than 2.5 percent.
Chief Executive Bob Dudley is in line for a $ 19.6 million compensation package for 2015, a year in which shrinking profit margins triggered by sharp falls in the price of
oil led to
more than 5,000 job losses at the
oil and gas company.
Obama had used the Antiquities Act
more than any other president, his White House said in December, when he designated over 1.6 million acres of land in Utah
and Nevada as national monuments, protecting two areas rich in Native American artifacts from mining,
oil and gas drilling.
Despite a rapid growth approach to new markets, Sim says that the company made a strategic decision to defer entry into
more challenging markets, such as China, where many domestic
oil -
and -
gas firms already use similar software programs.
In Colorado's Weld County, home to Peppler's farm
and more than 19,000 active
oil and gas wells, some officials see selling unneeded portions of their allotments from the Colorado River as a way to shore up city budgets.
Teens are even
more critical, with two out of three saying the
oil and gas industry causes problems instead of solving them.
But with the negative image that is probably set to become even
more negative — despite
oil organizations» marketing efforts —
oil and gas has a huge workforce problem looming.
The
oil and gas industry is losing the competition for talent recruitment to industries that are
more appealing to Millennials,
and U.S.
oil and gas firms will face the talent crunch first, according to Accenture.
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.
Not only are Millennials snubbing
oil and gas because of its negative image, they also seek different job perks than previous generations sought,
and in this regard, the
oil industry will need to do
more as it becomes increasingly obvious that Millennials want different things than what
oil executives think they want.
But unlike any other industry,
oil and gas is facing
more challenges in persuading the environmentally - conscious Millennials that
oil is «cool».
American
oil and gas players struck
more deals but targeted
more modest acquisitions in the third quarter, PwC reports.
Richard Sawaya of the National Foreign Trade Council estimates the provision in question could force American companies to exit
more than $ 100 billion worth of offshore
oil and gas projects worldwide.
Encana reported first - quarter production of 324,400 barrels of
oil equivalent per day, with 145,200 barrels per day of
more valuable
oil and natural
gas liquids
and the rest dry natural
gas.