David Goodstein in his excellent book The End of the Age
of Oil states, «If we were to suddenly stop burning fossil fuel, the natural carbon cycle would probably restore the previous concentration in a thousand years or so.»
The three spinoffs are Covisint (COVS), a microcap cloud storage company that was recently spun out of Compuware Corporation, Rayonier Advanced Materials (RYAM), spun out of Rayonier in the middle of 2014, and a stock I held earlier this year, Civeo Corp. (CVEO), spun out
of Oil States International last June.
That being said, and following up on the feeling of «doom and gloom» many of us had upon initial issuance
of the Oil States decision, there is...
Not exact matches
Fracking is part
of the problem, but the report
states that most human - induced quakes are caused by the
oil and gas industry's use
of injection wells to dispose
of wastewater - the contaminated liquid that gets pumped out
of the well during
oil and gas extraction.
The field, covering nearly 75 square miles, was discovered in 1911 and has produced over 2 billion barrels
of oil equivalent (BOE), making it one
of the most productive fields in the United
States.
The
state - owned
oil firm is expected to list on the Saudi stock exchange in the second half
of the year, but an international listing is said to have been temporarily shelved.
«We established a long time ago that large quantities
of oil and
oil products from territory captured by Islamic
State have been arriving on Turkish territory,» Putin continued.
Saudi Arabia's
state - owned
oil behemoth had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half
of 2018.
NEW YORK, April 27 -
Oil prices slipped on Friday, with Brent on track for its third week
of gains amid supply concerns should the United
States reimpose sanctions on Iran.
Saudi Arabia needs to cover weighty domestic spending and attract investors to a partial sale
of its
state oil company, Aramco.
The quake was one
of the strongest ever to hit the
state and prompted its
oil and gas regulator, the Oklahoma Corporation Commission, to order 37 disposal wells shut in a 725 - square - mile (1,878 - sq - km) area around Pawnee.
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.
Fossil - fuel subsidies drain government budgets, throwing up a fiscal wall that blocks
state support for clean energy while protecting the interests
of the
oil industry.
The
state - owned
oil firm is expected to list on the Saudi stock exchange in the second half
of this year, but an international listing — which was at one point tipped to happen at the same time — is said to have been temporarily shelved.
Since then, it's been more timid than the two other Chinese
state - owned
oil companies, Sinopec and China National Petroleum Corp. (parent company
of PetroChina) investing in North America.
The
oil price has risen by 15 percent in the last four weeks thanks to expectations that the United
States will re-impose sanctions against Iran, a major
oil producer and member
of the Organization
of the...
NEW YORK, April 24 -
Oil prices slipped on Tuesday as concerns the United
States might reinstate sanctions against Iran faded somewhat, reducing worries about the future
of Iranian exports.
MOVERS AND SHAKERS: Saudi Arabia's
state -
oil giant Aramco has added its first female director to its board: Lynn Laverty Elsenhans, the former chairwoman, president and CEO
of U.S.
oil refiner Sunoco.
Saudi Arabia, in the midst
of transforming its economy and poised for a public offering
of its
state - owned
oil company, could be vulnerable to Federal Reserve policy, observers say.
NEW YORK, April 27 -
Oil prices were little changed on Friday, with Brent on track for its third week
of gains amid supply concerns should the United
States reimpose sanctions on Iran.
U.S.
oil major Chevron Corp has evacuated executives from Venezuela after two
of its workers were imprisoned over a contract dispute with
state - owned
oil company PDVSA, according to four sources familiar with the matter.
In April, the OGS said most
of the
state's recent earthquakes were caused by the injection
of wastewater from
oil and natural gas drilling operations Earth, which has become increasingly common in recent years.
Vietnamese Prime Minister Nguyen Xuan Phuc has given the go - ahead for the two facilities in the province
of Dong Nai,
state oil firm...
Traders said markets climbed on expectations that the United
States will in May re-impose sanctions against Iran, a major
oil producer and member
of the Organization
of...
Buried in statistics released by the Energy Information Administration this week indicating the United
States is exporting more crude
oil than it has in 15 years is a still more startling fact: «Almost all
of the crude
oil exported from the United
States has been delivered to Canada.»
Five percent
of the
state oil company is expected to be put up for an initial public offering next year.
The issue is particularly sensitive for Saudi Arabia, which is transforming its economy ahead
of an expected initial public offering by
state - owned
oil company Saudi Aramco.
Especially amongst the finance buffs
of the City
of London which has been shortlisted for the international portion
of the
state oil giant's listing.
The planned initial public offering (IPO)
of state oil giant Saudi Aramco (London is competing with New York to be the stock exchange where the company is listed overseas) is also expected to be discussed, the EIU's Abdelmeguid said.
Potential U.S. sanctions on sales
of light crude to Venezuela's
oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the
state - run firm and Thomson Reuters data.
Netflix description: «This fictional drama series is loosely inspired by an investigation
of alleged corruption in private and
state oil and construction companies in Brazil.»
Norwegian Cruise Line President and CEO Frank Del Rio speaks about the
state of the cruise industry and what things like tax reform and
oil prices mean for the business.
The Obama administration considered opening some
of the affected areas to
oil exploration, but abandoned the idea in 2016 because
of concerns from
states, coastal residents and the military, which uses waters that would be affected.
• Abu Dhabi National
Oil Company, the United Arab Emirates» state - owned oil company, said it plans to seek an IPO for part of its business, CNBC repor
Oil Company, the United Arab Emirates»
state - owned
oil company, said it plans to seek an IPO for part of its business, CNBC repor
oil company, said it plans to seek an IPO for part
of its business, CNBC reports.
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...
Just days later, the U.S. president made clear in his
State of the Union address that when it came to the other big eco-controversy in America — hydraulic fracturing, or «fracking,» to access natural gas reserves — he was siding with the
oil and gas industry.
The
oil price has risen by 15 percent in the last four weeks thanks to expectations that the United
States will re-impose sanctions against Iran, a major
oil producer and member
of the Organization
of the Petroleum Exporting Countries (OPEC).
Most
of the senators who signed are from
states that depend on the continued burning
of coal,
oil and gas.
Venezuela is the fourth biggest supplier
of oil to the United
States.
Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king
of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many
states with high jobless rates; and the shale
oil and gas revolution continues to power investment, job creation and revenue growth.
Some
states require
oil and gas companies to disclose the chemicals and the amount
of water they use in fracking operations on FracFocus.org, a website formed by industry and intergovernmental groups in 2011, but the statistics are not complete.
«New York
State strongly opposes the Department
of the Interior's National Outer Continental Shelf
Oil and Gas Leasing Program as it poses an unacceptable threat to New York's ocean resources, to our economy and to the future
of our children,» Cuomo said in announcing the exclusion request.
«We are hopeful that the premier's efforts to allow the voices
of his citizens to be listened to will be successful, because it is very much in common with our citizens,» Inslee said, adding that residents in his
state recently rejected proposals for both coal and
oil ports.
«We express our solidarity with the Americans affected by the hurricane,» Arreaza said, flanked by Nelson Martinez, the head
of state - run
oil company PDVSA.
Collector Steven Tananbaum sued in New York
state court on Thursday over the non-delivery
of three Koons sculptures, claiming a «well -
oiled machine» that exploits collectors» desire to own the artists» works by using incoming money to pay debts.
The now - repealed U.S.
oil export ban dated back to an era
of feared fuel shortages after Arab members
of OPEC imposed an embargo against the United
States in retaliation for U.S. support
of the Israeli military.
WASHINGTON, March 21 - The United
States on Wednesday imposed sanctions on 15 South Sudanese
oil operators that it said were important sources
of cash for the government, an action aimed at increasing pressure on President Salva Kiir to end the country's conflict and humanitarian crisis.
The company will invest 90 per cent
of its 2018 capital budget
of between $ 535 million and $ 585 million in the United
States, most in North Dakota Bakken light
oil wells, where production is expected to grow by 30 per cent.
And yet by 2009, Gateway was once again a going concern and one
of the backers turned out to be Sinopec, another Chinese
state oil company and one
of the owners
of oilsands producer Syncrude Canada.
«
Oil supplies (from the United
States) are continuing to grow and there are no signs
of a reversal,» said Fawad Razaqzada, market analyst at futures brokerage Forex.com.