Sentences with phrase «of oil refining»

One of the most crucial ports in the United States, the region surrounding New Orleans accounts for much of the oil refining and petrochemical industry in the country.

The underlying dispute, the nationalisation of oil refining operations in the Orinoco oil belt, was the subject of ICC arbitration in New York and so jurisdiction was not in issue; in principle, s 44 of the 1996 Act clearly applies to ICC arbitrations (although PDVSA expressly reserved its position on jurisdiction throughout the proceedings).

He has authored a number of Carbon Tracker's major reports on these sectors, including the Carbon Supply Cost Curves series, scenario analysis of the oil refining industry in Margin Call, and exploring transition risk at the company level in 2 Degrees of Separation.

Macerl is an organic farmer from Slovenia who successfully stopped a Lafarge cement kiln from co-incinerating toxic petcoke (a byproduct of oil refining) and hazardous industrial waste by rallying legal support from fellow Eko Krog activists.

Paraffin is not a by product from the sludge of the oil refining process.

Petroleum jelly is a byproduct of the oil refining process.

Consider what happened in the ozone - plagued city of Houston, a hub of oil refining and chemical manufacturing.

The legacy of oil refining in India, one of the world's largest economies, shows the industry can develop with little risk to the climate, OPEC's leader said.

Not exact matches

With the ability to refine and upgrade crude in Canada and 75,000 barrels per day of committed capacity on the existing Keystone pipeline, Husky says it can grow its heavy oil production without exposure to the WCS - WTI discounts until at least 2021.

Later, on the sidelines of Suncor's annual general meeting, Williams said he hopes that «good sense and reason prevail» but added Suncor has a contingency plan in case Alberta follows through with its plan to restrict oil or refined fuel exports through the existing Trans Mountain pipeline to B.C.

In 1986, while in charge of crude oil supply and strategic planning in the refining and marketing division at Petro - Canada, Thompson saw the worst downturn of her career.

But if it's longer than that — which does look possible — we're going to see a significant rise in the price of crude oil, and in the price of refined products, especially in Western Canada.»

Formerly an integrated oil company with interests in transportation and refining, Hess in 2013 spun off many of its businesses in order to focus on E&P.

Large integrated oil companies are known as such because they not only produce oil, but they also refine it into finished products, such as jet fuel, gasoline, heating oil, and diesel, and sell it via a network of gasoline stations.

Lewenza recommends buying stocks in integrated companies — those that both produce and refine oil, so that one part of the business is essentially benefiting from the misfortune of the other — as well as in oil transportation, such as pipeline companies.

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.

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).

But that's not to say that Norway doesn't sell refined oil products to the rest of the world; Statoil has built a 110,000 bbl / day refinery specifically to serve the export market.

For the oil - trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads.

Weeks later, a FirstEnergy Capital report still clung to the idea that ramped - up rail transportation, new heavy - oil refining capacity in the U.S. Midwest and the easing of the storage glut in Cushing, Okla., would keep this monster on a leash.

In early March, as rebels fought for control of the country's east coast ports, where much of the country's oil is refined or shipped abroad, the price of the American crude contract (West Texas Intermediate, or WTI) broke US$ 100 for the first time since 2008.

Department of Energy Secretary Ernest Moniz told reporters in Seoul, South Korea that the government was reviewing the issue of crude oil exports, given the mismatch between rising supplies of crude and the U.S. refining capacity, The Wall Street Journal reported.

As it is currently planned the twin pipeline will carry 525,000 barrels of bitumen a day from the oil sands west to a terminal in Kitimat on the B.C. coast, where it could be shipped to Asian refineries, as well as refined oil products used to dilute the bitumen flowing east.

The industry as a whole has been churning out gasoline hard for the past year, as a golden period of refining margins emerged out of the ashes of the crude oil rout.

Of course, it wouldn't be impossible for them to refine the very light oil that, say, comes out from the Bakken region, the epicentre of the fracking revolutioOf course, it wouldn't be impossible for them to refine the very light oil that, say, comes out from the Bakken region, the epicentre of the fracking revolutioof the fracking revolution.

Those closures, affecting a major U.S. oil refining hotspot, are pushing up the prices of energy products like gasoline and heating oil as investors anticipate a drop in supply.

Legislation passed near the end of 2015 guarantees energy tax credits through 2019, which gives the industry time to further refine its technology before it has to go head to head with oil and coal.

NuStar Energy L.P. is the proud owner of 8,643 miles of pipeline and 81 storage and distribution facilities for crude oil, refined products and specialty liquids.

Last year Foreign Reports, a Washington - based oil industry consultancy, calculated Aramco could have a market value of $ 250 - 460 billion, excluding the value of refining assets and guaranteed access to oil and gas.

By the end of this year, total refining capacity will exceed a million barrels a day — making Singapore the world's third - largest oil - processing center, after Houston and Rotterdam.

With much of the world's accessible, light crude of this sort now exhausted, more and more of the oil we consume comes from heavy grades (the so - called bitumen derived from oilsands being among the heaviest) that require more refining and therefore entail higher emissions and other undesirable byproducts.

But Alberta heavy oil is sometimes fetching as little as half the world price due to the competition from U.S. - produced shale oil and a shortage of pipelines to get the crude to the coasts and other refining markets.

The U.N. Security Council has unanimously boosted sanctions on North Korea since 2006 in a bid to choke off funding for Pyongyang's nuclear and ballistic missile programs, banning exports including coal, iron, lead, textiles and seafood, and capping imports of crude oil and refined petroleum products.

In the case of limiting exports of refined fuel to B.C., he said, the government could argue it is simply pursuing a policy of enhancing value by relieving a glut of unprocessed oil from the oilsands for the good of its citizens.

That's because the exploration side and the refining side of the oil business have little to do with one another.

But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.

It adds that «approval or denial of the proposed project is unlikely to have a substantial impact on the rate of development in the oil sands, or on the amount of heavy crude oil refined in the Gulf Coast area.»

The truth environmentalists refuse to admit is that the mass consumption of electricity due to EVs is rapidly becoming more dangerous to the environment than current refined oil emissions produced by ICEs.

Three - tenths of the nation's crude oil refining capacity is located in Texas, with the majority of the refineries «clustered near ports along the Gulf Coast,» according to the U.S. Energy Information Administration's website.

The company, which expects to close the deal by the end of January, may later consider merging its oil refining subsidiary Mangalore Refinery and Petrochemicals Ltd. with HPCL, Shanker said.

Murphy and a number of other companies, including ConocoPhillips (COP.N) and Marathon Oil Corp (MRO.N), have sold or split off their refining units with the aim of allowing investors to assess the value of the businesses on a standalone basis.

A lot of dirty oil is going to come out of the tar sands, be refined in China and create enough Co2 to push the planet into climate disaster.

«Over recent months, several of the world's largest oil companies have acquired a variety of companies and projects that have nothing to do with extracting, refining, or distributing hydrocarbons — but that are set to thrive in the low - carbon transition,» the report states.

Over recent months, several of the world's largest oil companies have acquired a variety of companies and projects that have nothing to do with extracting, refining, or distributing hydrocarbons — but that are set to thrive in the low - carbon transition,» the report

The Downstream segment comprises refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

Carbon Tracker, the analyst house which pioneered the stranded asset or «carbon bubble» theory, has warned a quarter of global oil refining capacity could become unviable and be forced to shut down within 20 years due to falling demand.

It is important for oil and refined product imports and exports, it is an important storage area for oil and refined products, and much of the Strategic Petroleum Reserve is close by.

Suncor Energy Inc. is barreling ahead on the ramp - ups of the Fort Hills and Hebron oil megaprojects as its refining operations protect it from the pipeline shortages and lower prices Continue Reading

The conditions precipitating this change — lower volumes and value of crude oil from Mexico, and increasing demand from Mexico for refined products from the U.S. as prices are rising — may not be the new normal.

Texas and Louisiana exports some 4 mb / d of refined products along with 0.8 mb / d of crude oil.