Sentences with phrase «oil output coming»

Sadad al - Husseini, recently retired as head of exploration and production at Aramco, the Saudi national oil company, notes that new oil output coming on - line had to be sufficient to cover both annual growth in world demand of at least 2 million barrels a day and the annual decline in production from existing fields of over 4 million barrels a day.

It notes, for example, that about 55 % of the world's current oil output comes from countries Freedom House categorizes as «not free,» a substantial risk that makes America's resurgence in oil production all the more important.

Not exact matches

Total upstream production came in at 689,400 barrels of oil equivalent per day in the first quarter, compared to 725,100 boe / d in the prior year quarter, as oilsands output fell to 404,800 barrels per day from 448,500 bpd.

Venezuela's plunging output and looming U.S. sanctions against Iran come against a backdrop of strong demand, especially in Asia, the world's biggest oil consuming region.

Venezuela's plunging output comes amid strong demand as well as concerns that supplies from the Middle East, by far the world's biggest oil producing region, could also be disrupted, especially should the United States in May re-impose sanctions against OPEC - member Iran.

The agreement does not include U.S. shale oil producers, and there are concerns that rising oil prices, largely thanks to the oil output cut, has allowed U.S. producers to come back online.

At that price, not only are plans to double output from the oil sands no longer commercially viable, but current production levels also come into question.

National Bank also highlighted that major maintenance initiatives are planned at Syncrude Canada Ltd., Canadian Natural Resources Ltd.'s Athabasca oil sands project and Suncor Energy Inc.'s base plant — which cumulatively could reduce industry oil output by 650,000 barrels per day in the coming months, easing some of the stress on full pipeline networks.

If the mining sector is abandoned because money is coming in through the increase in price and output of oil, there will continue to be problems.»

Shell states that tar sands are less damaging that coal: Well since when was coal and oil used to the same ends unless they are talking about widespread adaption of CTL technology which could happen in some countries with large scale coal rserves I guess but even I doubt that CTL projects will scale to 3 — 5 mbpd which is the projected output of Albertas oil sands come 2030.

Ideally, major artists avoid or subvert trends instead of following them, and there's nothing in Ratcatcher's poetic, child's - eye view of a suburban garbage strike or Morvern Callar's deft, intimate, portrait of a young woman coping with her boyfriend's suicide to hint that its creator's output would come to even superficially resemble the oil - slick schtick of, say, Nicolas Winding Refn.

The oil seal on the front output shaft is faulty when there are unusual noises or leaking coming from the transfer case.

The forecast for stronger output comes as global oil prices topped $ 65 a barrel on Tuesday, the strongest since June 2015, driven by continued supply curbs from OPEC and an outage on a key North Sea pipeline.

I look at the forecast growth for oil sands output, do the math and come to the conclusion that to move the incremental output to market we need the Keystone AND the Kinder Morgan expansion AND the Northern Gateway AND a pipeline to Eastern Canada.