Sentences with phrase «of oil transportation»

He said the pipeline would not reduce the controversial shipment of Bakken oil by rail or barge, adding that statistics from the Federal Pipeline and Hazardous Materials Safety Administration showed that pipelines had a higher spill rate per mile than any other form of oil transportation.

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.

Not exact matches

As the North American oil transportation system continues to evolve, with new pipelines, reversals of existing lines and a growing role for oil - by - rail, what is clear is that the North American oil market will eventually settle into a new era of pricing relationships which will be very different than those which prevailed prior to 2008.

More than half of the world's oil fuels transportation like cars, trucks, and planes.

Oil transportation by rail has grown astronomically, to about 140,000 carloads of crude in 2013 from 500 carloads in 2009, according to the Railway Association of Canada.

But that disappeared in July when the U.S. National Transportation Safety Board admonished the company for its handling of a Michigan oil spill in 2010.

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.

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.

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...

And considering that transportation represents more than half of all oil use in the world, the type of vehicles we're driving will have a huge impact on that industry.

«As the oil and gas industry becomes mature there, companies are going to have to have a bunch of sub-sea systems that will have to be monitored,» said Dean Richter, a retired navy submarine captain and director of development for maritime transportation systems for New Jersey - based QinetiQ North America.

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.

«Increasing the number of transportation options and markets for Canada's oil supply will lead to higher netbacks for all Canadian producers.»

Other important assumptions not specified above are a $ 0.99 US / Cdn FX rate, a $ 4 / bbl diluent premium over light oil and a $ CDN 15 difference between the $ CDN - equivalent WTI price and WCS prices at Hardisty, both increasing with inflation, and transportation charges of $ 1 / bbl for diluent and $ 1.50 / bbl for dilbit to / from Hardisty.

After the deal, Morgan Stanley will still act as an intermediary between clients and physical oil markets, but will be rid of its own network of storage and transportation assets.

He had been anticipating a drop in oil prices, for example, but rather than play oil producers (which Canadian investors already hold a lot of), he decided to focus on the energy transportation sector.

«While the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports, it is unlikely to reduce demand for heavy sour crude at Gulf Coast refineries.»

«There isn't really yet a large scale substitute for crude oil as a source of transportation fuel,» said Foley.

NGL Energy Partners (ngl) padded revenue during that year with a series of acquisitions that greatly expanded its oil storage and transportation capacity.

Meanwhile, the world's nearly 8 billion people and $ 80 trillion economy depend on hydrocarbons to supply over 80 % of global energy; oil fuels 98 % of transportation.

Meanwhile, political turmoil in Yemen, Qatar and Bahrain still threatens to disrupt the transportation of almost 50 % of the world's seaborne oil.

The body of water set to see a fivefold increase in oil tankers has been an industrial and transportation hub for more than a century.

It described a scenario whereby gas begins to replace coal and oil as a transportation and electricity - generating fuel and satisfies a dominant share of new demand.

Moving viscous Canadian oil in tank cars used to be «more of a temporary fix» to transportation bottlenecks that earlier this year pushed prices for Western Canada Select to US$ 40 below the West Texas intermediate benchmark, he said.

Compared to other major economies, India's per capita consumption of oil is relatively low, as ownership of automobiles and motorcycles — many Indians» preferred mode of personal transportation — is still developing, with penetration at merely 144 per 1,000 people.

April 2012 was an unusual month, but it demonstrates the problem of inadequate crude oil transportation and export capacity out of Canada.

Transport Canada told Postmedia News that it identified the transportation of flammable liquids, such as crude oil, as an «emerging» issue in 2011, and that it is now reviewing new safety recommendations received in recent weeks from three industry - led committees «on an urgent basis.»

The memo, obtained by the federal Liberals, discussed economic factors surrounding the transportation of oil by rail, but didn't flag any safety concerns.

Since the July 2013 Lac - Megantic fatal train disaster and other recent incidents involving oil by rail, Transport Canada has faced questions about whether it adequately addressed safety oversight concerns surrounding the transportation of dangerous cargo, which were repeatedly raised in internal audits.

As the biggest station operator and supplier of natural gas for transportation in the U.S., the company should benefit from higher oil prices and more focus on reducing emissions likely to drive many truck operators to consider this new engine.

This isn't a matter of collusion or market power, it's simply a matter of a broad market for refined products not affected in the same way by pipeline shortages and transportation bottlenecks which affect crude oil prices in one region but not another.

Of course, energy companies and countries that depend on oil exports will suffer, but users of transportation fuels, petrochemicals, plastics, fertilizers and so forth should benefit greatlOf course, energy companies and countries that depend on oil exports will suffer, but users of transportation fuels, petrochemicals, plastics, fertilizers and so forth should benefit greatlof transportation fuels, petrochemicals, plastics, fertilizers and so forth should benefit greatly.

At an aggregate level, it is difficult to discern the effect of movements in oil prices on the underlying price level, although some effect on the energy - intensive components of the CPI, such as transportation and travel, can be found.

Of course, the precipitous drop in oil prices (down about 40 % from last year) is helping some large manufacturing, consumer discretionary, and transportation companies (prominently including airlines) offset the negative impact of the rising dollaOf course, the precipitous drop in oil prices (down about 40 % from last year) is helping some large manufacturing, consumer discretionary, and transportation companies (prominently including airlines) offset the negative impact of the rising dollaof the rising dollar.

«Canadian heavy oil is discounted because of its inferior quality and due to the cost of transportation.»

In order to sidestep this pipeline capacity issue, Canadian oil producers have substantially increased transportation by rail, reaching a near high of 106,704 barrels per day in December 2015.

Calling Wal - Mart «our best $ 35 oil idea» in a mid-December note, Nomura analyst Robert Drbul wrote that low oil and gas prices help Wal - Mart «for two key reasons: 1) we believe lower income demographic consumers stand to benefit most from lower gas prices, and 2) we believe its private transportation fleet (> 6,650 trucks; one of the largest in the world) will realize cost benefits due to low fuel prices.»

The battle for pipelines has become a battle for more than just the people involved in the oil and gas industry in Alberta; it has also become a battle for other commodity traders such as farmers and everyday Albertans who rely on the transportation of goods.

Gas and petroleum exploration and the production, treatment and marketing of natural gas, crude oil, condensate, naphtha and liquid petroleum gas; transportation by pipeline of crude oil.

Our energy transportation activities include onshore crude oil and natural gas pipelines, offshore pipelines in the Gulf of Mexico, and crude by rail, while we also operate a growing power transmission business.

These partnerships typically own interests in oil and gas transportation, and historically have paid relatively high amounts of income compared to most stocks.

«Oil demand would suffer the direct impact of lower bunker consumption and lower inland transportation of traded goods, reducing -LSB-...]

But despite the predictability of problems, the world has moved ahead, adopting forms of urbanization, agriculture, manufacturing, and transportation that increased the demand for oil.

If there is extensive pollution involved in the pumping, transportation, and processing of the oil, this has its economic costs.

That is certainly good for the living standards of people in societies that are dependent on oil imports for production, transportation and heating.

What we have also done to prevent this type of thing happening again is that I have ordered the Bulk Oil Storage and Transportation Company which is responsible for keeping Ghana's strategic stock to keep one month's supply of light crude in reserve so if there is any challenge in terms of shortage in light crude, BOST will supply.

OccupyGhana ® has been observing with keen interest, the matters and issues arising from the sale of some fuels by the Bulk Oil Storage & Transportation Company Ltd. (BOST), a company owned by the Republic of Ghana.

Pressure GroupOccupy Ghana has watered down an alleged report by the Bureau of National Investigations (BNI) and National Security on the Bulk Oil Storage and Transportation (BOST) contaminated fuel saga, describing it as «deficient.»

The immediate past Managing Director (MD) of the Bulk Oil Storage Transportation (BOST), Kingsley Kwame Awuah - Darko, has rubbished media reports that, the Economic and Organized Crime Office (EOCO), is on his heels for alleged payments and withdrawal of money from government's account.

He added that they suspect some industry insiders at the Bulk Oil Storage and Transportation Company (BOST) deliberately caused the contamination of the 5 million litres of fuel.