Instructed (with Ricky Diwan) in an arbitration under the UNCITRAL rules concerning issues of contractual construction in relation to a major
oil project in North Africa.
A return rate that Baytex claims is one of the highest for
any oil project in North America.
Santos and Quadrant Energy have signed a deal for the sale of the Stag
oil project in the Carnarvon Basin to Malaysian company Sona Petroleum for $ US50 million ($ A70 million).
Energy giant Woodside Petroleum will proceed with development of its $ US1.9 billion ($ A2.6 billion) Greater Enfield
oil project in the Carnarvon Basin.
The ruling arose from the expropriation of ConocoPhillips» investments in two heavy crude
oil projects in 2007 at a time then - President Hugo...
It's also an economic dynamo; shale natural gas and
oil projects in just one region, the Marcellus shale, were responsible for more than 72 million man hours 5 of direct and indirect labor construction hours from 2008 through the first half of 2014.
Not exact matches
Andurand, who runs
oil hedge fund Andurand Capital Management LLP, wrote
in a string of tweets on Sunday that companies may be less willing to risk investment
in long term
oil projects because of low crude barrel prices and a predicted peak
in electric vehicle demand.
The Moho Nord
oil project is also an opportunity to help create value
in the host country.
It's a major investment, planned to last 30 years, making it the biggest
oil project ever undertaken
in the country.
They point to recent examples,
in which Woodside announced a major
project to extract
oil from mallee trees and produce electricity,
in a venture that appears greener than an Irishman's heart.
On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of
oil equivalent per day to an average of about 315,000 boe / d, with exit production of about 335,000 boe / d, to account for lower heavy
oil production, an advanced schedule for maintenance at its Tucker oilsands
project and a slower ramp up in liquids - rich natural gas output from its BD Project in Ind
project and a slower ramp up
in liquids - rich natural gas output from its BD
Project in Ind
Project in Indonesia.
Job creation is
projected to slow down over the next few years due to technological advances
in oil sands processing and a slower growth
in international demand for
oil products, but the growing demand for base metals is expected to buoy employment opportunities.
As well as its decision on upstream
oil and gas, the World Bank Group said on Tuesday that it would, among other things, report the greenhouse gas emissions arising from investment
projects it finances
in «key emissions - producing sectors» from 2018.
Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20
Oil companies have slashed spending, scrapped new
projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing
in order to weather the more than halving of
oil prices since June 20
oil prices since June 2014.
But van Beurden has been slimming down his portfolio of
oil projects with the intent of keeping only those lean enough to make good returns
in a world
in which
oil prices average no more than $ 40 a barrel, well below the average price over the past decade.
Called the «value - investment ratio,» it assesses the minimum
oil price a
project will need
in order to throw off, far into the future, Shell's desired level of return.
Last March, Royal Dutch Shell said it was selling most of its stake
in Canada's
oil sands, a vast
project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground
in a process that resembles mining more than drilling.
Part of Shell's Athabasca
oil sands
project in Alberta, Canada.
Recently,
in a move that is wonky but has massive repercussions, Shell enlarged the accounting toolbox it uses to decide which
oil projects to invest
in.
U.S.
oil giants Exxon Mobil and ConocoPhillips both left huge crude
projects in Venezuela's Orinoco Belt after President Hugo Chavez nationalized them as part of his socialist revolution.
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...
The
project's three fields, Chayvo, Odoptu, and Arkutun Dagi, produce some 100,000 barrels of
oil a day
in temperatures that drop to nearly 50 degrees below zero.
Goldman Sachs has downgraded its estimations for
oil prices for this year, citing a potential rise
in shale gas production, new
projects and OPEC restrictions.
The B.C. government has pinned much of the province's economic future on LNG exports, saying the
projects are equivalent to Alberta's
oil sands
in terms of jobs and revenue generation.
Hemp
oil that is full of cannabidiol (CBD), a cannabinoid with neuroprotectant, antioxidant and other therapeutic qualities, generated $ 130 million
in sales
in 2016 and is
projected to reach $ 350 million by 2020.
It said the ramp - up of production from new
projects such as Yamal LNG
in Russia and Moho Nord
in Congo, along with newly acquired assets, including Maersk
Oil and Al Shaheen
in Qatar, had enabled it to reach record production during the quarter.
Olea Australis» managing director Tony Sparks said the proceeds of the additional placement would assist
in current and planned capital
projects to expand infrastructure and operating capacity to meet the increasing levels of olive
oil production as well as provide additional working capital.
It is also planning to drill up to three new
oil wells on a new
project in Colorado after strong results from its first well drilled last year.
We witnessed an analogous situation
in 2005 when PetroChina invested
in Enbridge Inc.'s Northern Gateway
oil pipeline
project, then withdrew its support two years later (whereupon Enbridge shelved the
project).
Job creation is, however,
projected to slow over the next few years due to technological advances
in oil sands processing and slower growth
in international demand for
oil products.
Empire
Oil & Gas has kicked off a $ 15.7 million capital raising to fund new drilling at its flagship Red Gully North
project and evaluate other
projects in the Perth Basin near Gingin.
Oil and gas company AWE has sold its stake in the Cliff Head offshore oil project to Elixir Petroleum, for an upfront payment of $ 1 milli
Oil and gas company AWE has sold its stake
in the Cliff Head offshore
oil project to Elixir Petroleum, for an upfront payment of $ 1 milli
oil project to Elixir Petroleum, for an upfront payment of $ 1 million.
Oil and gas explorer Tangiers Petroleum has raised $ 7 million
in a discounted placement to complete its acquisition of the Icewine
project in Alaska.
Given the
projected growth
in the
oil sands, this might seem like a sure thing, but it's not.
Shares
in oil and gas explorer 88 Energy have surged after the company completed an oversubscribed $ 25 million capital raising to fund ongoing work at its Icewine
project in Alaska.
«Market fundamentals remain supportive, as crude
oil prices are relatively rangebound, providing stability to customers as they evaluate
projects,» said Baker Hughes Chief Executive Officer Lorenzo Simonelli
in a statement.
That's despite the fact premiers Christy Clark and Alison Redford,
in a backgrounder to their recent agreement on the ground rules for building pipelines, warned that
oil may end up crossing B.C. by train en route to Asia regardless of whether the Northern Gateway or Trans - Mountain Expansion
projects go ahead.
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.
Recent federal lease sales have generated a tepid response, said Imran Khan, who leads Wood Mackenzie's commercial valuation team for
oil and gas
projects in the Gulf of Mexico.
Sometimes, the harm is overt, like
in the case of BP's
oil spill, but often it's more subtle, like when employees invest hope and time
in a
project that fails.
US - focused
oil and gas exploration company Target Energy has announced plans for a $ 3.6 million capital raising, a farm -
in agreement for a
project in South Texas and changes to its board.
Last year, Saudi Arabia pledged billions of dollars of investments
in projects in Indonesia and Malaysia to secure long - term
oil supply deals.
Its study, Mining and Heavy Industry Construction
in Australia 2002 - 2017, released earlier this year, says that the upswing would be initially driven by major
oil and gas
projects, and would broaden across most mineral sectors by mid-decade.
(
In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflic
In 2011, Cenovus Energy let on that output from two of its
in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflic
in situ oilsands
projects could meet the standard, which mandates that crude
oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold
in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflic
in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes
in environmental conflic
in environmental conflict.
Richard Sawaya of the National Foreign Trade Council estimates the provision
in question could force American companies to exit more than $ 100 billion worth of offshore
oil and gas
projects worldwide.
«Rail and supporting non-pipeline modes should be capable, as was
projected in 2011, of providing the capacity needed to transport all incremental Western Canadian and Bakken crude
oil production to markets if there were no additional pipeline
projects approved.»
Tourmaline
Oil, a natural gas producer
in Calgary, should benefit if and when
projects are completed.
Under former president Barack Obama, Transcanada Corp's Keystone XL
oil pipeline was rejected
in 2015 after environmentalists campaigned against the
project for more than seven years.
More than half of affected reserves are
in deep - water
projects, and nearly 30 percent are
in Canadian
oil sands.
Opportunity 4: LNG
projects in British Columbia move ahead Company to consider: Tourmaline
Oil Corp..