Belize, home of the largest barrier reef in the western hemisphere, permanently suspended
oil activity in its ocean waters.
«Not only has its government listened to calls to protect the Belize Barrier Reef, which only last year was under threat from seismic oil exploration, it has stepped up to become a world leader in ocean protection by ending
all oil activity in its waters.»
Interesting news from The Guardian this week: oil giant Shell worked with the Nigerian military and with mobile police to suppress protests against
its oil activities in the 1990s, according to court documents that were
Not exact matches
At the same time the sudden decline
in oil prices caused a slowdown
in fracking
activity.
(New throughout, updates prices, market
activity and comments) NEW YORK, April 30 (Reuters)-
Oil prices rose on Monday, bouncing off early losses as Israeli Prime Minister Benjamin Netanyahu said Israel had proof that «Iran lied» about its nuclear weapons capability, and that he was sure U.S. President Donald Trump would do «the right thing»
in reviewing the country's nuclear deal with western powers.
That could throw a wrench
in plans for the oilsands, which require high
oil prices to remain profitable, and crimp much of the manic exploration
activity in mining.
«According to the most recent assessment, the steady
oil price recovery since summer 2017 and renewed interest
in growth opportunities has led to
oil majors catching up
in terms of exploration
activity this year, both
in the shale industry and offshore deep water,» OPEC said.
Otto Energy says the sale of its Galoc
oil field assets
in the Philippines to Singapore - based energy company Risco Energy Investments for $ 113.4 million will help fund exploration
activities for two years and return capital to shareholders.
Merger and acquisition
activity in the
oil and gas sector dropped to less than $ 1 billion
in the first quarter of this year — the lowest since 1994, according to figures recently published
in The Globe and Mail.
Marine services company MMA Offshore's net loss has widened to $ 144 million on the back of a previously flagged impairment and reduced
activity in the
oil and gas sector.
By cultivating relationships with
oil and gas companies now, UAS manufacturers like Insitu and Aerovironment are positioning themselves to continue supplying the industry with hardware and operational expertise as exploration
activities in the Arctic expand.
OSLO, April 18 - Offshore
oil driller Seadrill plans to emerge from Chapter 11 bankruptcy
in late June or early July to catch the rising wave of rig market
activity, its chief executive told said on Wednesday.
Oil prices gave up earlier gains as rising U.S. output loomed over markets, despite a slowdown
in rig drilling
activity.
«WPX's 2014 financial highlights include $ 190 million higher
oil sales, $ 106 million higher natural gas sales, and a 68 % increase
in net cash provided by operating
activities vs. 2013 results,» it said.
«You're going to have spills when you have more
activity,» Ron Ness, president of the North Dakota Petroleum Council, told a reporter with the investigative journalism organization Pro Publica, which documented more than 1,000 accidental
oil spills
in North Dakota
in 2011.
Companies
in this industry lease out equipment for
activities related to air, sea, and rail transport, as well as construction of highways, roads, tunnels, bridges, and
oil drilling.
CNBC's Jackie DeAngelis discusses the morning
activity in the commodities markets after
oil surges on reports of an OPEC production deal.
OSLO, April 18 (Reuters)- Offshore
oil driller Seadrill plans to emerge from Chapter 11 bankruptcy
in late June or early July to catch the rising wave of rig market
activity, its chief executive told said on Wednesday.
«All year this reading has been
in focus as
activity in the US manufacturing sector, particularly driven by a decline
in oil - related
activity and the strengthening of the US dollar, has slowed,» Business Insider markets editor Myles Udland reports.
The bulk of the declines
in activity related to lower energy prices has run its course, baring another significant down leg for
oil prices.»
In North America, we see several meaningful differences from prior cycles, including a high level of
oil - directed
activity.»
Sharp drops
in oil production and real estate
activity weighed on the Canadian economy
in January.
The BOS indicator illustrates the slowdown
in business
activity in late 2014 triggered by the
oil price shock.
Yet
in the 21st century, we live
in a first - world country with a third - world economy built on
oil, minerals and trees and the banks needed to finance this
activity.
In particular, industrial activity in emerging Asia now appears to be the dominant driver of oil - price movements (Chart 15)
In particular, industrial
activity in emerging Asia now appears to be the dominant driver of oil - price movements (Chart 15)
in emerging Asia now appears to be the dominant driver of
oil - price movements (Chart 15).6
Jeff, what is your take on recent
oil exploration
activity in the Caribbean... Repsol
in Cuba, Bahamas, Jamaica and also, Guyana?
The world's 50 biggest investment banks made revenue of $ 1.6 billion from trading, selling derivatives and other
activities in metals last year, compared to $ 1.4 billion
in oil, according to Coalition, a financial industry analytics firm.
«We've seen reduced client
activity (
in oil), reduced hedging from the corporates as well as low prices at the start of last year and low volumes.»
Specifically, lower
oil prices have resulted
in marginally less
activity at some of the domestic shale
oil fields.
Any stabilization
in the crude
oil market
in coming months could provide positive support to overall economic
activity,» OPEC said.
Importantly, the payment difficulties do not stem from
oil revenues, but largely from tourism and financial
activity, as those are Dubai's chief industries (Dubai is home to the tallest building and the largest man - made islands
in the world, for example).
The Federal Reserve Bank of Dallas has released its September Energy Indicators, outlining the
activity in oil and gas
in Texas.
From a strictly legal perspective, the relevant question is not whether there is a sufficient connection to any particular existing or proposed
oil sands development or other production
activity, and certainly not whether such projects or
activities were included
in the Terms of Reference (ToR), but rather simply whether the GHGs associated with the production of bitumen that will be transported by the NGP are an «environmental effect» of that project (see NGP Report, Volume II, Appendix 4, Terms of Reference, which defines «environmental effect» very broadly to mean «any change that the project may cause
in the environment.»
Mayan Energy, the AIM listed
oil and gas company, has announced a new gas discovery at Stockdale field,
in Wilson County, Texas, as part of its ongoing development
activities at the Morris 1 well.
Virtually every Permian county saw permitting
activity fall
in 2014, as diving
oil prices squeezed producers.
Fueling the company's stronger - than - expected results was an increase
in oil and gas
activity levels around the world.
Canadian investors account for about 15 % of the worldwide financing
activity in oil & gas exploration.
Recent data on
oil rig
activity and the capital expenditure plans of
oil and gas firms suggest that investment
in the sector has begun to increase this year.
After falling for four consecutive months, support
activities for mining and
oil and gas extraction rose 9.9 %
in April, as both rigging and drilling services advanced.
Excluding residential construction, from 2009 through 2014, 73 % of the increase
in Canadian capex is attributable to
oil and gas extraction and support
activities.
Refining and production are, for the most part, separate
activities — they don't benefit much from integration
in the physical sense (
oil sands upgrading from mines is a bit of an exception, since the waste heat from the upgrader can feed the extraction plant).
The Trump administration wants to ease restrictions on
oil and gas leasing and other
activities across a huge swath of the American West that were put
in place to protect an imperiled bird.
Market Focus Middle East Investment Banking Although investment bankers remain cautious about Middle Eastern prospects
in the wake of falling
oil prices, M&A
activity and debt issuance remain bright spots.
If there's a bright spot for the province, however, it's that the ongoing disruption of Alberta
oil sands production — estimated by the Conference Board of Canada to be about 1.2 million barrels a day, comprising nearly $ 1 billion
in economic
activity — has contributed to a rally
in global
oil prices that could give producers, and therefore the Alberta economy, a badly - needed lift once production is finally back on - line (assuming, of course, the fires are eventually extinguished and
oil sands operations escape serious damage).
This could be positive for a commodity price (such as
in Oil), as the increased economic
activity will likely lead to greater sales of energy products.
The Midstream segment is engaged
in the gathering and compression of natural gas,
oil and NGL production of, and
in the provision of water services to support the well completion
activities of, Rice Energy and third parties.»
«The economic outlook
in the region is closely linked to global developments, primarily through the impact of global economic
activity on
oil prices,» Beyhum says.
While
oil majors are already cutting back on exploration
activities in Nigeria, the decision by Shell indicated that keeping a large part of its
oil and gas reserves
in the ground would be risky.
The deal required that the Middle East
oil producer curb its nuclear
activities in return for the easing of sanctions on Tehran.
Anadarko's international operations include
oil, natural - gas and NGLs production and development
in Algeria and Ghana, along with
activities in Mozambique.