but also a fan
of more oil shale development (nay!).
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).
[7] Indeed, what they are advocating for is construction of vast new fossil fueled power plant capacity as a way to provide cheap CO2 to facilitiate extraction
of more oil.
That is we have to end all mining of any more coal, all pumping
of any more oil, and all fracking (or otherwise extracting) of any more NG, and we have to stop all this massive UN-sequestration of otherwise - safely - buried carbon as quickly as possible if not much, much sooner.
The sequel to Chillingos physics puzzler brings gallons
of more oil for you to play with.
The sequel to Chillingos physics puzzler brings gallons
of more oil for you to play with.
It does remove oil from hair, but I have not found that it strips the hair in a way that stimulates the production
of more oil if that makes sense.
In a practice known as enhanced oil recovery (EOR), CO2 gas is pumped into existing wells to force the release
of more oil.
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.
Green groups oppose the project on the basis that pipeline expansion encourages the extraction
of more oil and the release of the greenhouse gases that cause climate change.
Not exact matches
Prime Minister Stephen Harper lent support to the 1,200 - kilometre, $ 6 - billion pipeline that would carry
more than 500,000 barrels a day
of crude
oil from Edmonton through the Rockies to Kitimat, B.C., where it could be transported by tanker to markets in the U.S. and Asia, including China.
I put
more faith in futures markets than in private sector and budgetary forecasts, but given the recent escalation
of oil prices, there is a reasonable chance prices end up matching or exceeding the estimates in Budget 2016.
This is further evidence, he argues,
of the need for pipelines to
more safely move Canadian
oil.
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.
More than half
of the world's
oil fuels transportation like cars, trucks, and planes.
NEW YORK, May 1 (Reuters)-
Oil prices slid
more than 1 percent on Tuesday as the dollar remained near a four - month high, but worries that U.S. President Donald Trump will pull out
of the Iran nuclear deal underpinned the market.
The higher the
oil price the Saudis (or OPEC) target and possibly reach, the
more areas in the U.S. would be profitable to drill and add to the global
oil supply, potentially wiping out the effect
of the cuts and depressing
oil prices again.
In a country that relies on
oil for
more than 70 percent
of its GDP8 (gross domestic product), diversifying the economy is a critical issue,» concludes Yves Duteil.
Fresh sanctions on Iran could result in a reduction
of the country's
oil exports, which would strain global supplies even
more, especially given the discipline
of the Organization
of the Petroleum Exporting Countries (OPEC) and their partners in sticking to an agreement to limit output.
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.
China and India bought
more than half
of the
oil.
Oil has dropped
more than six per cent since closing at a two - year high
of $ 110.53 on Sept. 6.
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.
Even
more amusing was the realization that the Quebec maple syrup industry maintains a «global strategic reserve» in much the same way that countries keep mass stockpiles
of oil or grain.
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.»
A strong dollar makes greenback - denominated
oil more expensive for holders
of other currencies.
Train tracks and tanker cars weren't built to accommodate trains carrying loads
of heavy crude
oil, making the trains
more likely to derail.
The public outcry from an environmental disaster such as an
oil spill or violating the pay laws
of your employees will cost your business much
more than the expenses
of being socially responsible.
«The Petro is really a top - down hierarchically controlled asset, and its much
more akin to a new way to tokenize
oil,» he added, noting that when the first gold ETF appeared, they weren't considered gold, but a different way
of packaging the commodity.
Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20
Oil companies have slashed spending, scrapped new projects, slashed tens
of thousands
of jobs, renegotiated supply contracts and increased borrowing in order to weather the
more than halving
of oil prices since June 20
oil prices since June 2014.
Crude
oil has helped the Saudi stock market race ahead
of the rest
of the world this year, but the rally is about
more than energy, as reforms from Crown Prince Mohammed bin Salman receive investors» endorsement.»
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 %.
Oil prices slid
more than one per cent on Tuesday as the US dollar remained near a four - month high, but worries that US President Donald Trump will pull out
of the Iran nuclear deal underpinned the market.
As
oil prices have fallen, defaults in the sector have risen — about a quarter
of all corporate bond defaults in 2015 were energy related, according to Moody's — and that's made traders even
more reluctant to buy.
But van Beurden has been slimming down his portfolio
of oil projects with the intent
of keeping only those lean enough to make good returns in a world in which
oil prices average no
more than $ 40 a barrel, well below the average price over the past decade.
Finally, the prices
of oil and gasoline fell, and gasoline usage was again down slightly: Gasoline prices fell $.12
more last week to $ 3.57.
That plan was nowhere near as broad in scope as the new Trump
oil drilling proposal, which would make available drilling rights in
more than 90 %
of the continental shelf.
Downstream companies make money on the difference between the price
of crude and the price
of the refined petroleum extracted from it (a difference known as the «crack spread»), while midstreaming is a volume business (ship
more oil, earn
more money).
Pipeline outages in Iraq and Nigeria have removed
more than 800,000 barrels
of crude
oil per day from the market for at least the next two weeks.
Last March, Royal Dutch Shell said it was selling most
of its stake in Canada's
oil sands, a vast project that has extracted millions
of barrels
of sticky, gooey hydrocarbons from the ground in a process that resembles mining
more than drilling.
EOG, too, gets much
of its
oil from fracking, but it has invested particularly heavily in scientists and technology to help it drill
more accurately.
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.
The
oil price collapse has made a number
of companies
more attractive.
Canadian Business spoke to
more than a dozen leading experts to gather their advice for surviving — perhaps even thriving — in a world
of cheap
oil.
So, while low
oil prices will make this a trying quarter for the entire energy industry, companies with a
more balanced portfolio
of assets should fare better than the pure - plays.
In the crude
oil market, we found that accuracy
of testing relied much
more heavily on operator judgments in how they executed and / or interpreted the test.
Total produced 2.703 million barrels
of oil equivalent per day (boe / d) in the first quarter, driven by ramp - ups and new acquisitions, up
more than 5 percent compared to the same period in 2017, and above analysts» estimates
of 2.663 million boe / d.
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.
They continue to use Canadian milk in an era when much
of the «ice cream» on the shelves is really frozen dessert,
more vegetable
oil than cream.
The far - reaching consequences
of the recent drop in
oil prices have been a testimony to just how central crude is in American life: With cheap gasoline bringing
more drivers onto the road, traffic deaths were up nearly 10 percent in the first nine months
of 2015.