Sentences with phrase «more oil production»

Harsh ingredients can do double damage — not only will they exacerbate the dry areas on your face, but stripping facial cleansers can actually backfire and cause more oil production in the oily skin sections.

Now our team is beginning work to engineer a higher - yielding variety of sugarcane that we call «energycane» to achieve more oil production per acre.

Not exact matches

Then, higher oil prices could also spur more production from areas outside the hottest U.S. shale play.

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 %.

In the intervening years since TransCanada originally proposed Keystone XL, U.S. oil production has grown by more than 80 percent, from just over 5 million barrels per day to about 9.6 mb / d today.

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.

The banks say global oil demand and OPEC - led production cuts have tightened an oversupplied market more quickly than they anticipated.

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.

Yet as production there declines — Saudi Arabia is pumping out its oil at more than four times the rate of the oilsands, Talwani noted in a New York Times op - ed titled, «Canada: the next oil superpower?»

Unlike traditional onshore oilfields, which might have an annual production decline of 5 % or less, shale oil wells often decline more than 50 % in their first year.

A distribution deal with French oil company Total helped boost monthly production from less than 30,000 to more than 500,000.

Considering that Canada's oil and gas exports to the U.S., worth $ 92 billion in 2010, account for more than half of Canadian production of those commodities — and nearly a quarter of Canada's total merchandise exports — this is an ominous turn of events for Canada as well.

Iran is looking to increase production even more by the end of the year, so any supply cut will have to be significant to really impact oil price.

U.S. oil production also hit a fresh record of 10.62 million barrels per day (bpd), a jump of more than a quarter since mid-2016.

Unconventional supplies of oil and gas are increasing around the world, countries like Iran and Mexico are reviving production, and alternative energy sources are becoming more viable.

For more than two decades, Warburg Pincus has invested or committed over $ 9.5 billion across more than 50 energy investments around the world involved in oil and gas exploration and production, midstream, power generation, oilfield technology and related - services, mining and alternative energy development.

On Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraq.

For starters, global oil production appears more closely in line with demand following a prolonged search for a new equilibrium amid a breakdown in the Organization of Petroleum Exporting Countries (OPEC) cartel and increasingly productive oil extraction technologies in North America.

The only production that could be brought back on line fast is shale oil, but without the extremely low interest rates caused by government meddling, shale drilling will be much more expensive in the future.

Nigeria is working out new oil and gas policies to attract more private investors and boost crude production by 500,000 bpd by 2020, state firm NNPC said on Thursday.

Three such examples are Aimsio, a digital ticketing software that streamlines field operations by enabling users to file reports, dispatch resources and track project progress all from one central location; DarkVision, which developed a new ultrasound technology that allows companies to create 3D images of the inside of oil wells, enabling them to make more informed and cost - effective production decisions; and Unsist, which uses artificial intelligence to help oil and gas companies make better production and operational choices.

Six long laterals on the Quinn pad are averaging more than 70 percent oil, with 24 - hour highs averaging nearly 2,400 Boe / d during initial production.

Yes, OPEC and Russia are cutting back on their production, but U.S. producers more and more are playing a greater role in the world economy when it comes to oil production.

Funding its ballooning deficit, which can't be plugged with asset sales and debt issuance alone, and improving its economic situation are partly why Saudi Arabia, the largest producer in the OPEC oil cartel, disagreed to any cut in production at the December OPEC meeting, and more recently has been discounting the price of oil to its customers.

Commerzbank's head of commodity research Eugen Weinberg said oil market fundamentals «do not justify the current price, but unfortunately the market is focusing more on the politics and ignoring some of the warning signs, especially the hike in U.S. oil production.»

The S&P 500 bounced 1.6 percent Wednesday to 1,926, as oil jumped more than 5 percent on more reports about a preliminary accord among some major oil producing nations to freeze production.

Oil prices must inevitably rise as unconventional production peaks over the next decade and oil - exporting countries increasingly consume more of their own oOil prices must inevitably rise as unconventional production peaks over the next decade and oil - exporting countries increasingly consume more of their own ooil - exporting countries increasingly consume more of their own oiloil.

LONDON Royal Dutch Shell reported on Thursday a 42 percent rise in first - quarter profit to its highest in more than three years on stronger oil prices and production, but its shares fell as the oil major's cash flow missed forecasts.

Of course, supply and demand will have to balance out over time, and more Iranian crude will force a larger adjustment from U.S. shale, so U.S. oil production could see a deeper contraction.

Not long ago it wasn't that uncommon to see a US president fly to Saudi Arabia to plead for more production and relief from the economic yoke of high oil prices.

More oil sands production translates into a bigger long - term workforce, but the boom was in the construction fray.

U.S. oil production peaked in April at 9.6 million barrels per day, and since then oil imports have started to move up, jumping more than a half million barrels per day.

Since then, Alberta has only become even more dependent on resource royalties, as production from the oil sands continued to march higher.

The recent surge in domestic oil and gas production signals «the start of a new era of cheap energy,» he said, while less expensive online education programs could open the door to millions of people who have been priced out of more traditional academics.

Let me give you a simple example — suppose the marginal barrel of oil globally is, in fact, an oil sands barrel, and so an increase in oil sands supply (i.e. more barrels available at a lower price) would increase world oil production and consumption.

First, U.S. oil production is now more than enough to supply eastern Canadian refineries.

The reason efficiency is declining is due to decline in oil reservoir quality the world over as the best reserves of this finite resource were produced first and more recent production is more energy - intensive using enhanced oil recovery techniques.

Oil pared earlier gains after touching $ 50 a barrel for the first time in more than six months as U.S. crude supplies and production declined.

There were two principal drivers behind oil prices» performance: the growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraq.

Are we just one more hurricane away from losing more of our domestic oil and gas production?

No new projects, but Suncor is increasing production and trying to wring more oil out of its recently completed developments

«$ 50 a barrel is still a pretty critical number and that number is going to be even more critical as we move into next year,» Tortoise Capital Advisors» Thummel told Bloomberg, noting that the lower oil prices could mean that companies would not hedge production as much as they would at higher prices to protect future output.

Update re: pipelines and oil production «If there were no more pipeline expansions, I would have to slow down,» the Cenovus executive told The Globe and Mail's editorial board.»

It notes, for example, that about 55 % of the world's current oil output comes from countries Freedom House categorizes as «not free,» a substantial risk that makes America's resurgence in oil production all the more important.

It is a financial speculation more than a viable and long term oil production segment of global oil.

The expected strong demand growth, coupled with OPEC's production cuts, is making oil analysts and traders at the Singapore conference more bullish this year than at the same event last year, according to Bloomberg.

Saudi Arabia designed the low - price strategy aimed at making oil production too costly for competitors in North America and Russia, and has refused to make more significant output cuts unless other producers agree to do the same.

Among commodities, oil prices moved higher as fears about rising US shale production abated somewhat, and market participants began giving more weight to the effectiveness of supply cuts by members of the Organization of the Petroleum Exporting Countries and several other large oil - producing countries.

Global crude - oil production has risen about 30 percent this century; expanding from around 75 million barrels per day in 2000 to 95 million barrels in 2016, with the top 10 - producing countries accounting for more than 60 percent of the total production.

More importantly, higher - margin liquids production, which includes oil, natural gas liquids, and condensate, jumped 14 % to 124,900 barrels per day.