Sentences with phrase «new oil reserves»

Seismic airguns are being fired underwater off the east coast of Greenland to find new oil reserves in the Arctic Ocean.

They recently discovered significant new oil reserves, and we can share American technology and know - how with them as they develop these resources.

The reason for such stagnant market performance comes down to the cost of both discovering new oil reserves and getting it out of the ground.

To a mathematician, proving the twin prime conjecture would be like a geologist finding a new oil reserve.

Not exact matches

Just this week, Venezuela launched a new cryptocurrency called the petro, which is supposedly backed by the South American country's oil reserves.

As detailed in the first three installments of Power Shift, an NBC News / CNBC special report, the United States is experiencing an energy boom created by new drilling technologies that have unlocked vast domestic oil and natural gas reserves.

shale oil may be a bubble but countries like Libya Iraq Iran produce nothing compared to their potential / production capacity + there is always offshore exploration recently Morocco seems to be in the spot light not to mention the arctic sea / north pole especially Russia where a new Koweit is to be found and also south China sea Venezuela's tight oil if all the types of oil are included venezuela must be a heaven with a quarter of global oil reserves with +300 billion barrels more than 260 bbls of Saudi Arabia that can still produce more than 10/11 million barrel / day that it's procucing today.

Shell's quest for new reserves has seen it pump billions into money - devouring plays such as its Athabasca Oil Sands Project in northern Alberta and the Kashagan oilfield, a deeply troubled project in Kazakhstan.

One interesting aspect about Bashneft: The reserve replacement ratio, which shows if an oil company is discovering more new oil than it takes out of the ground, is around 800 - 900 % for Bashneft.

New Yorkers from Buffalo to Long Island decided that allowing the oil and gas industries the rights to large scale mining of natural gas reserves was simply too much of a public health and environmental threat.

Libya, with the largest oil reserves in Africa, was well - positioned to launch a new era unlike its neighbors, Egypt and Tunisia, who had mounting economic and structural challenges to address.

New York State Attorney General Eric Schneiderman said his investigation is an inquiry into whether Exxon is overstating the value of its assets and oil reserves and understating the risks of using fossil fuels.

Even the Nigerian government had to postpone its $ 1billion Eurobond which was slated for 2016 to 2017 when a better investment environment had begun to emerge with rising oil prices, larger foreign reserves, a new economic policy document and CBN policy refinements which have significantly increased the supply of foreign currency and narrowed the gap between the various exchange rates.»

But most investors and oil companies are betting on business as usual, with Shell still trying to find new fossil fuel reserves.

Instead, the money comes from dedicated sources approved by Congress — for example, the 21st Century Cures Act, a House bill to speed the development of new medicines, would give NIH $ 8.75 billion in new funding over 5 years by selling oil from the U.S. strategic petroleum reserve.

Yet the practice is widespread, in part because oil prices have been much higher in recent years and because it is hard to find new multimillion barrel reservoirs these days, especially in the picked over U.S. Denbury, based in Plano, Texas, controls more than 1,000 miles of CO2 pipelines and has published reserves of 17 trillion cubic feet of the greenhouse gas, used to pump more than 70,000 barrels of oil a day.

The new wrinkle is the administration's heavy reliance on what is called mandatory spending, which would fund a specific program using revenue generated by the sale of a government asset, such as oil in the strategic petroleum reserve, or a particular tax or license fee.

Hundreds of lakes on Saturn's moon Titan each hold more than all the oil and natural gas reserves on Earth, based on new findings from the Cassini radar team.

5 Oil companies seek the small fraction that remains, spending more than $ 150 billion a year hunting for new reserves.

I remember in the mid and late 1990's, Jeremy brazenly told big oil they should stop looking for new reserves, because the deteriorating climate meant they could never be burned.

More New Releases: «Paddington 2,» about the beloved British bear's (voice of Ben Whishaw) search for a stolen present for his Aunt Lucy's 100th birthday that he worked so hard to buy, co-starring Hugh Bonneville, Sally Hawkins, Hugh Grant, Brendan Gleeson, and Julie Walters; and «Backstabbing for Beginners,» about a young program coordinator at the United Nations who stumbles upon a conspiracy involving Iraq's oil reserves, starring Theo James, Jacqueline Bisset, and Ben Kingsley.

Over the past five years, Conoco has been replacing reserves at 108 %, indicating that it is adding new oil to its reserves than it is consuming.

Its assets primarily consist of producing and non-producing crude oil and natural gas reserves located primarily in the Antrim Shale in Michigan, the Los Angeles Basin in California, the Wind River and Big Horn Basins in central Wyoming, the Sunniland Trend in Florida, and the New Albany Shale in Indiana and Kentucky.»

On another note, from a piece by Lloyd Byrne of Morgan Stanley, in 2006 only 73 % of oil production was replaced by new reserves for companies that they follow.

Because most MLPs pay out cash flows from depleting oil and gas reserves that need to be replaced with new wells, these companies need continued access to cheap capital just to sustain their dividends.

This was all the brain child of the enterprising Sheickh Maktoum and his family who realised that oil reserves were one day going to run out and a new revenue stream would be needed to fund the future of Dubai.

A substantial part of the city is being rebuilt, at the president's behest to provide space for a new capital worthy of a nation with a significant amount of oil reserves.

With the world country deprived most of its known reserves of a substantial new supply, oil prices would jump, let's say, fivefold.

Building on the new commitments on greenhouse gas emissions pledged by China and the United States, Razak laid out a strategy for his country (facilitated by wealth derived from abundant oil and gas reserves) to become a leader in developing renewable energy and pursuing energy - efficient design.

The oil companies bought the White House to ensure another decade of warming, in order to open up new reserves beneath the poles — and ensure their dominance over the energy economy, regardless of the repercussions for humanity.

A new buzz phrase in the push to limit greenhouse gas emissions is «unburnable carbon» — an effort to define and then wall off the portion of the world's still - vast reserves of coal, oil or natural gas that might, if combusted, cause unacceptably costly or dangerous climate change.

A new study has found that Yasuní National Park in Ecuador, which sits atop major oil reserves, is home to the most diverse array of plants and animals in South America and possibly the planet.

The authors, a mix of academic researchers and scientists for environmental groups, recommended that a moratorium on new oil exploration or development projects within the park, which sits atop substantial reserves.

Here's a solution: All the sovereign States with gas, oil, and coal reserves, can use their sovereign power to simply clamp down on production, driving FF prices higher, and achieve the Nirvana New Energy Future as rapidly as is physically possible.

Relationship to Cap & Trade Assume, for the sake of discussion that, outside of a few outer continental shelf areas near the USA, Canada's tar sands are the only economically useful major new reserves accessible to publicly traded oil companies.

The post doesn't mention the new road to the Pacific or the ethanol plant and sugarcane plantations; or the planned road from Cruzeiro do Sul, Brazil to Pulcallpa, Peru and the multiple big hydro - energy dam constructions it will support; or the new Peruvian oil leases in indigenous reserves; or the BR$ 35 million worth of oil exploration in the Juruá watershed in Acre; or the Madeira River complex of big hydroelectric projects in Rondonia near Bolivia.

The authors note that as fossil fuel reserves shrink, as air pollution worsens, and as concerns about climate instability cast a shadow over the future of coal, oil, and natural gas, a new world energy economy is emerging.

Last Wednesday, New York became the first state with proven oil and gas reserves to announce that it will ban fracking.

Most of these high - price reserves (PDF) are on the industry's new frontiers — in the Arctic, deep ocean waters or unconventional sources such as the Alberta tar sands (PDF), where three major projects were deferred in 2014 because of falling oil prices.

The potential reward is huge: saving the world from catastrophic climate change, powering our society with abundant new energy, and ending a global economic imbalance now tilted toward nations that happen to sit atop oil reserves.

A new study released by the Joint Economic Committee (JEC) of the US House of Representatives concludes that the accelerated development of huge reserves of unconventional oil in Canada will undermine the OPEC oil cartel in coming years.

Analysing absolute levels of exposure, New York is identified as the oil financial centre having increased its level of embedded carbon through reserves by 37 % since 2011.

And China, while busily building new coalfired power stations at the rate of one a week (it has already overtaken the US as the world number one CO2 emitter), has become the new imperial power in sub-Saharan Africa, using its substantial political and economic muscle to secure control of the raw materials needed for its future growth, in particular African oil and gas reserves.

The emissions can then be pumped deep underground or used in industrial applications, such as making fertilizer, extracting hard - to - reach oil reserves, or producing new electricity.

New York «climate risk» meeting will call on oil majors to evaluate size of carbon reserves that are incompatible with warming world

While Canadians attempt to bypass the stalled Keystone XL pipeline by completing a new conduit from Alberta to New Brunswick, they may find their position increasingly marginalized: the Canadian - born governor of the Bank of England declared last week that most oil reserves are unburnable because of climate considerationew conduit from Alberta to New Brunswick, they may find their position increasingly marginalized: the Canadian - born governor of the Bank of England declared last week that most oil reserves are unburnable because of climate consideratioNew Brunswick, they may find their position increasingly marginalized: the Canadian - born governor of the Bank of England declared last week that most oil reserves are unburnable because of climate considerations.

New Mexico had the third - largest increase in crude oil and lease condensate proved reserves in 2014, benefitting from the same Permian Basin developments as Texas.

Bloomberg New Energy Finance research estimates that these two sectors alone have the «reserves» equivalent to two fifths of Brazil's oil and gas reserves.

We need a global programme whose purpose is to leave most coal and oil and gas reserves in the ground, while developing new sources of power and reducing the amazing amount of energy we waste.

http://www.indexmundi.com/g/g.aspx?c=pk&v=97 So at present consumption rate it has 1000 years of oil without importing oil and without finding new reserves.