Sentences with phrase «oil discovery»

In 1922 one of the most dramatic oil discoveries in history took place here.

The «peak oil» school, which has argued that we have passed the peak of oil discovery and are now in permanent decline, has been proved wrong.

But supply remains relatively fixed — new oil discoveries are fewer and far between in modern times, and that which we do find is often harder and more expensive to get.

HOUSTON, March 23, 2018 (GLOBE NEWSWIRE)-- Apache Corporation (NYSE: APA)(Nasdaq: APA) today announced a significant oil discovery on Block 9 / 18a Area - W in the United Kingdom sector of the North Sea...

While many parts of the country continue to struggle with the housing downturn and economic recession, North Dakota is enjoying significant economic growth due to one of the largest oil discoveries in United States history.

This has included advising Cairn Energy on their notable first off - shore oil discovery in Senegal.

The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil.

The fish have become much more robust by then, and this part of the NCS is also the location of promising recent oil discoveries such as Skrugard.

The burgeoning port and railroad industry, combined with oil discovery in 1901, has induced continual surges in the city's population.

2007 June - Major off - shore oil discovery announced.

The governor, who broke down in tears over the ongoing events in the country, said Nigeria could be heading for doom because of the latest oil discoveries by nations that once depended on Nigeria's oil and the fall in oil price.

According to Roberto Schaeffer, an associate professor of energy planning at the Federal University of Rio de Janeiro, massive new oil discoveries off the coast of Brazil could change the country's energy profile, too.

IBM said it plans to tap Brazil's scientific talent, rapidly growing economy, and offshore oil discoveries.

In the 1990s, former Iraqi leader Saddam Hussein deliberately drained the marshes to facilitate oil discovery and to retaliate against tribes that participated in uprisings against his government.

Proponents say recent major oil discoveries and successfully executed projects on nearby state lands prove there is both demand and the know - how to drill in the Arctic.

Today oil discoveries make Belize interesting for investors.

Publication date: 2007-12-01 First Published in Energy Policy Authors: R. Bentley et al Abstract: Combining geological knowledge with proved plus probable («2P») oil discovery data indicates that over 60 countries are now past their resource - limited peak of conventional oil production.

Global oil discoveries and new projects fell to historic lows in 2016 US shale oil production has become a fundamental factor in balancing low activity in the conventional oil industry 27 April 2017

March 2017: Spanish energy giant Repsol and Armstrong Energy Corp. announce «Nanushuk Play» at Pikka, described as the most significant onshore Alaskan Arctic oil discovery in decades — and well within the growing reach of the Trans - Alaska Pipeline North Slope expansion.

Both controversies could undo the shale gas industry, although the burning off of natural gas found alongside oil discoveries is something that oil drillers and green groups alike would prefer to minimize.

- 04/07/13 Statoil's high - quality oil discovery in the Flemish Pass basin off Newfoundland could lead to increased demand for exploration and production workers.

Burtynsky has explored the theme of oil for more than a decade, from the Alberta oil sands to Baku, Azerbaijan, one of the earliest sites of oil discovery.

According to his corporate bio, he is 52 years old, he joined the company in 1992, and has spent most of his time in the chemical and refining part of the operation — not in the upstream portion which deals with oil discovery and extraction.

Now that the United States is less dependent on Saudi petroleum, thanks to fracking and new oil discoveries, the fact that OPEC is not identified as a top priority anymore indicates that interest in the organization has declined.

Just the proven reserves in three different Brazilian pre-salt exploration areas total 10 billion to 16 billion barrels, the largest oil discovery in the Western Hemisphere in three decades.

The 2012 vice presidential candidate of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia has stated that Ghana's excessive borrowing has put the country's oil discovery in danger.

Eni makes oil discovery in Egyptian Western DesertEni SpA (ENI.MI) said Thursday that it has made an oil discovery in the Faghur Basin in the Egyptian Western Desert.

Exxon has reported to its shareholders that «what may become the world's largest coal mine is being developed in Colombia and a new oil discovery is the biggest there in 18 years.»

«Over the last five years, the accelerated borrowing, the massive increase in debt has basically compromised Ghana's oil discovery and the benefits that we could have gotten from it,» he said.

«If we, in the NPP, were in power these 5 years of the oil discovery, the face of the Western Region, and, indeed, the face of Ghana would have changed dramatically.

As a landowner, you have little recourse and will see few benefits from oil extraction (not like the U.S. where an individual may get rich from an oil discovery on their land).

From the natural gas shale revolution beginning about a decade ago to the dramatic shale - oil discoveries, the industry has witnessed spectacular technology developments, such as including hydraulic fracturing and horizontal drilling.

Tags energy security, Harry Broadman, Hubbert's Peak, Julian Simon, Kenneth Deffeyes, Market failure, New York Times, oil, oil discovery, oil production, peak oil, Wall Street Journal, William Hogan

In contrast, Newfoundland and Labrador, a «have not» province from the start, became a «have» province because of the oil discoveries on the Grand Banks (Hibernia).

The columnist concludes with concern about aluminum and oil discoveries in Greenland that excite the locals.