Sentences with phrase «oil is in the area»

Estimates of Recoverable Oil and Gas 30 Years Old Any future drilling will not actually occur for a number of years, and it's not known with much degree of precision who much recoverable oil is in the areas to be opened.

The site where we discovered the oil was in an area called South Pass, near Port Eads, the very southernmost point of Louisiana, and some 30 miles north from the underwater oil geyser caused by the destruction of the Deepwater Horizon offshore drilling rig.

Not exact matches

There have been a number of high - profile derailments of trains — including one by UP — carrying shale oil, much of which is produced in new drilling areas without established pipeline networks and must be moved by rail.

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.

The quake was one of the strongest ever to hit the state and prompted its oil and gas regulator, the Oklahoma Corporation Commission, to order 37 disposal wells shut in a 725 - square - mile (1,878 - sq - km) area around Pawnee.

The Obama administration considered opening some of the affected areas to oil exploration, but abandoned the idea in 2016 because of concerns from states, coastal residents and the military, which uses waters that would be affected.

Mosul, one of the two captured cities, lies in an area that is a major gateway for Iraqi oil.

Oil's price also has been firming as Houthi rebels in Yemen have increased a campaign of firing missiles into Saudi Arabia, both at oil facilities and civilian areas, but those efforts have so far failOil's price also has been firming as Houthi rebels in Yemen have increased a campaign of firing missiles into Saudi Arabia, both at oil facilities and civilian areas, but those efforts have so far failoil facilities and civilian areas, but those efforts have so far failed.

In California, oil companies are pressing for further exploration of the massive Monterey Shale, a 1,750 - square - mile area extending from the agricultural Central Valley to the Pacific Ocean that federal energy officials say could ultimately comprise two - thirds of the nation's shale oil reserves.

Though the Obama Administration looked into opening some areas to oil exploration on a smaller scale, the idea was abandoned in 2016 after concerns from the military, coastal residents, and states that would be affected.

According to Brent Thompson, who heads Cushing's chamber of commerce, oil was discovered in the area in the 1930s, and those wells were responsible for supplying much of the U.S. military's needs during the Second World War.

Additionally, it comes at a time when oil prices are on the rise, but stuck in a range that makes multibillion - dollar projects in new offshore areas unattractive for many drillers.

Oil Search Ltd, which operates oil and gas fields in the area and is a partner in PNG LNG, said there has been no impact on its operations and its staff are working as normOil Search Ltd, which operates oil and gas fields in the area and is a partner in PNG LNG, said there has been no impact on its operations and its staff are working as normoil and gas fields in the area and is a partner in PNG LNG, said there has been no impact on its operations and its staff are working as normal.

If Alberta wants a more efficient and cohesive Canada to move its oil and fill its jobs, it ought to recognize the benefits of national cooperation in other areas as well — and be prepared for the give - and - take that gets that done.

The area underlying Pennsylvania, Ohio and West Virginia is the epicenter of a boom in American natural gas produced through hydraulic fracturing, the process of injecting water, minerals and chemicals underground to free oil and gas from rock formations.

So is scrutiny of ExxonMobil and the U.S. pipeline authority, the Pipeline and Hazardous Materials Safety Administration (PHMSA): the ruptured pipeline had been installed in the late 1940s, and ran through a densely populated area, yet it was transporting heavy crude, which might be more hazardous than regular oil.

Regional wars and conflicts have cost Chinese enterprises massively in countries such as Libya, Ivory Coast and South Sudan, while investment in the oil industry is going to areas where extremist groups like Boko Haram are expanding.

The effects are evident in New Mexico's Lea County, an area known for its oil production.

And unlike with the oil industry, no «fracking» method has been invented yet to extract gold from hard - to - reach areas, though Barrick — the world's largest producer by output — has been experimenting with sensors at its Cortez project in Nevada.What Pierre is talking about, of course, is the idea of «peak gold.»

Crucially, the decline in oil prices is more of an economic stimulus for the euro area than a harbinger of deflation.

Foreign exchange has been an area of some concern for Saudi in recent months as the crash in the price of oil forced the country to expend its FX reserves to levels not seen in over three years, and draining the country's economy.

«Mad Money» host Jim Cramer found some areas that are ripe for acquisition, and unveiled the signs to watch in the oil patch.

Empire Oil Company (WA) Limited has been granted two petroleum exploration permits in the Perth Basin, one of which includes a section of the Perth metropolitan area.

ERIC Streitberg is relentlessly pursuing his pipedream of expanding considerably oil and gas output in the Dongara production licence area near the coastal town of Dongara.

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.»

Egyptian sources have reported that a new military confrontation is expected soon between armed militias and the LNA in the so - called Oil Crescent Area.

Venezuela, the most hardline socialist country in the American continent, is in a steep crisis in recent years ever since oil prices fell below the $ 100 area in 2014 down to a third of the price in early 2016.

The Oil Crescent Area has been in the hands of Haftar's LNA since 2016 and is a bone of contention for Libya's main political parties.

Conventional clean - up equipment such as skimmers and oil booms proved useless in recovering the large amounts of submerged oil that now covers an area of river bottom estimated to be approximately 200 acres.

Meanwhile, the Irving refinery in St. John expects to secure more of its feedstock from the U.S. once a second oil - loading terminal is built in the area.

The per well estimated ultimate recovery (EUR) in the Kersey Area is 490 thousand barrels of oil equivalent («MBoe») for a standard reach lateral («SRL»)(~ 4,200»), 800 MBoe for a mid-reach lateral («MRL»)(~ 6,900») and 1,100 MBoe for an extended reach lateral («XRL»)(~ 9,500»).

In mining, large areas of land are cleared of trees and brush, then the top soil and clay are removed to expose the oil sand.

The biggest improvements within the Index were in areas related to measures of oil and natural gas sector, such as imports, import expenditures, and oil prices, and to energy efficiency.

It's highly likely that population growth has slowed in energy - producing areas since July 2015: more recent jobs data have shown that falling oil prices hurt energy - sector employment.

Back in 2014 — when oil prices were still around $ 100 — the Eagle Ford's economic impact was estimated at $ 123 billion in the 21 - county area — an all - time high to - date, according to a June 2017 report by the University of Texas at San Antonio's Institute for Economic Development.

Oil sands development is a matter of provincial government policy: in a government policy paper (the Mineable Oil Sands Strategy) issued a few years ago (and since recalled), the core area of the oil sands resources in Alberta was designated a «sacrifice zone», within which it was acknowledged that significant and irreversible environmental impact would be permitted to occur, to enable the realization of the significant economic benefits such development promisOil sands development is a matter of provincial government policy: in a government policy paper (the Mineable Oil Sands Strategy) issued a few years ago (and since recalled), the core area of the oil sands resources in Alberta was designated a «sacrifice zone», within which it was acknowledged that significant and irreversible environmental impact would be permitted to occur, to enable the realization of the significant economic benefits such development promisOil Sands Strategy) issued a few years ago (and since recalled), the core area of the oil sands resources in Alberta was designated a «sacrifice zone», within which it was acknowledged that significant and irreversible environmental impact would be permitted to occur, to enable the realization of the significant economic benefits such development promisoil sands resources in Alberta was designated a «sacrifice zone», within which it was acknowledged that significant and irreversible environmental impact would be permitted to occur, to enable the realization of the significant economic benefits such development promised.

Q: There's an area of Fort McMurray know by locals as the «dead roads,» a subdivision that was built but lay largely fallow after oil tanked in the mid -»80s.

Gary Savage is a renowned trading / investment expert in the areas of precious metals, stock market, oil and currency markets.

That's clearly false — only a small area of the oil sands deposit — about 4,750 square kilometres, or 3 times the land area of Los Angeles — is mineable, with the remainder accessible only with in situ extraction or, in some cases, not recoverable at all with current technology.

In the current situation with the oil shock, any package aiming to stimulate the economy ought to focus on areas of the country where the economy is currently slack.

U.S. Dollar strength and disinflation, supported by the ongoing oil price collapse, are providing headwinds for the metals; on the other hand, a recent rise in fear in the euro area, combined with continuing loose monetary policies, result in favorable conditions.

This author should not be writing any articles on oil as he has no expertise in the area.

As the global economy appears to be steadying, we explore areas of opportunities in international markets as well as cyclical sectors such as technology and integrated oil companies.

As the wildfires raged and winds blew unpredictably, oil producers in the area — including Suncor, Syncrude, Shell, Canadian Natural Resources and Husky — were forced to cease operations and evacuate employees.

«There are pockets of areas that are getting stronger and weaker — certainly there is less demand in the oil patch — but overall I have not seen any market change in the amount of deal flow over the course of 2014 or 2015,» reports Michael W. Scolaro, managing director and group head of Asset Based Lending at BMO Harris Bank.

A recent report also forecasted that nearly 150 oil platforms in the North Sea are scheduled to be decommissioned by 2026, as one in seven barrels there are produced at a loss, and around half of the 22 companies in the area are currently operating with significant deficits.

Three weeks after finishing his first year in mechanical engineering at Queen's University in Ontario, Neil Pandya was in a remote area of northeast Alberta at Cenovus Energy's Christina Lake oil sands project.

Nick Maden, a regional exploration director for Statoil, said Mozambique waters are among the more promising frontier basins in the area, where the oil potential is said to be «significant.»

There was a shared sentiment that Alberta must be careful not to try to «boil the ocean» but instead focus on a few important levers: best - in - continent carbon pricing with a trigger mechanism linked to oil prices, energy efficiency measures and infrastructure were identified as good areas to focus on.

If you look at crude oil price somewhere in the area of $ 80 to $ 90, we have about 650,000 barrels per day of production that need to be supported at that particular level.