Sentences with phrase «oil refining in»

Neither these nor other industries could match oil refining in terms of investment size, value - add, export earnings or value of manufacturing output,» Ng said.

The legacy of oil refining in India, one of the world's largest economies, shows the industry can develop with little risk to the climate, OPEC's leader said.

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.»

Based on information and analysis about the North American crude transport infrastructure (particularly the proven ability of rail to transport substantial quantities of crude oil profitably under current market conditions, and to add capacity relatively rapidly) and the global crude oil market, the draft Supplemental EIS concludes 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.

Not exact matches

With the ability to refine and upgrade crude in Canada and 75,000 barrels per day of committed capacity on the existing Keystone pipeline, Husky says it can grow its heavy oil production without exposure to the WCS - WTI discounts until at least 2021.

CEO Rob Peabody said Husky cut back heavy oil production by about 5,000 barrels per day in the first quarter and substituted mainly blended bitumen bought from other Alberta oilsands companies to send to its U.S. refineries in Ohio and Wisconsin or to the refining complex on the U.S. Gulf Coast.

Fourth - quarter profits in Exxon's downstream sector, which is focused on refining crude oil into fuels like gasoline, also rose $ 323 million from a year earlier.

Weakness in the company's fuel refining and chemicals businesses dragged on an upbeat quarter for Exxon's unit that focuses on producing oil and natural gas.

Later, on the sidelines of Suncor's annual general meeting, Williams said he hopes that «good sense and reason prevail» but added Suncor has a contingency plan in case Alberta follows through with its plan to restrict oil or refined fuel exports through the existing Trans Mountain pipeline to B.C.

In 1986, while in charge of crude oil supply and strategic planning in the refining and marketing division at Petro - Canada, Thompson saw the worst downturn of her careeIn 1986, while in charge of crude oil supply and strategic planning in the refining and marketing division at Petro - Canada, Thompson saw the worst downturn of her careein charge of crude oil supply and strategic planning in the refining and marketing division at Petro - Canada, Thompson saw the worst downturn of her careein the refining and marketing division at Petro - Canada, Thompson saw the worst downturn of her career.

But if it's longer than that — which does look possible — we're going to see a significant rise in the price of crude oil, and in the price of refined products, especially in Western Canada.»

Other rivals, including Exxon Mobil (xom) and Chevron (cvx), reported sharply lower in quarterly results last week due to lower oil prices and weaker refining margins.

Formerly an integrated oil company with interests in transportation and refining, Hess in 2013 spun off many of its businesses in order to focus on E&P.

Lewenza recommends buying stocks in integrated companies — those that both produce and refine oil, so that one part of the business is essentially benefiting from the misfortune of the other — as well as in oil transportation, such as pipeline companies.

Potential U.S. sanctions on sales of light crude to Venezuela's oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state - run firm and Thomson Reuters data.

The world's top oil and gas companies, including Exxon and Chevron, reported sharp drops in quarterly results last week due to lower oil prices and weaker refining margins.

The upshot: For now investors should avoid pure - play downstream companies like Marathon Petroleum (mpc), which has focused on refining, retail gas sales, and transport since being spun off from Marathon Oil (mro) in 2011.

Weeks later, a FirstEnergy Capital report still clung to the idea that ramped - up rail transportation, new heavy - oil refining capacity in the U.S. Midwest and the easing of the storage glut in Cushing, Okla., would keep this monster on a leash.

In early March, as rebels fought for control of the country's east coast ports, where much of the country's oil is refined or shipped abroad, the price of the American crude contract (West Texas Intermediate, or WTI) broke US$ 100 for the first time since 2008.

Department of Energy Secretary Ernest Moniz told reporters in Seoul, South Korea that the government was reviewing the issue of crude oil exports, given the mismatch between rising supplies of crude and the U.S. refining capacity, The Wall Street Journal reported.

As it is currently planned the twin pipeline will carry 525,000 barrels of bitumen a day from the oil sands west to a terminal in Kitimat on the B.C. coast, where it could be shipped to Asian refineries, as well as refined oil products used to dilute the bitumen flowing east.

Shell led the charge, more than tripling profits in the second quarter from a year ago, boosted by its refining and chemicals business and a 16 percent rise in oil prices.

The positions involved at Koch Supply & Trading were primarily in refined products and fuel oil trading and operations, according to the sources.

Those closures, affecting a major U.S. oil refining hotspot, are pushing up the prices of energy products like gasoline and heating oil as investors anticipate a drop in supply.

Those who want to avoid harmful hydrogenated oils, such as refined vegetable oil, corn oil, and peanut oil, can substitute coconut oil with success in most cooking or baking recipes.

The integrated producers — companies that both produce and refine oil — are trading at 6.4 times cash flow, down from the eight times they were trading at in June.

The U.N. Security Council has unanimously boosted sanctions on North Korea since 2006 in a bid to choke off funding for Pyongyang's nuclear and ballistic missile programs, banning exports including coal, iron, lead, textiles and seafood, and capping imports of crude oil and refined petroleum products.

Soaring oil prices helped Woertz, who runs refining and marketing, rack up more than $ 1 billion in profits and increase margins in 2003.

In the case of limiting exports of refined fuel to B.C., he said, the government could argue it is simply pursuing a policy of enhancing value by relieving a glut of unprocessed oil from the oilsands for the good of its citizens.

But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.

The resulting exploration and production company will focus on oil and gas worldwide while the downstream company will focus on refining and marketing, primarily in the US although ConocoPhillips has some downstream operations abroad.

Three - tenths of the nation's crude oil refining capacity is located in Texas, with the majority of the refineries «clustered near ports along the Gulf Coast,» according to the U.S. Energy Information Administration's website.

A day earlier the American Petroleum Institute had estimated crude oil inventories had risen for the second week in a row, by a hefty 6.18 million barrels, which was only to be expected as the market is prepared for the Hurricane Harvey effects on Gulf Coast refining to linger for another few weeks.

Because oil and refined products are traded in dollars, their import costs rise for countries using other currencies, potentially crimping demand.

The worst storm to hit the U.S. since 2004 and by some estimates the largest rain - storm in U.S. history, Harvey has had a profound impact on the nation's largest oil - producing and oil - refining region.

ISHARES S&P / TSX CAPPED ENERG Ticker: XEG / TSX Oil companies will likely beat expectations when they announce earnings over the next two weeks based on the recent strength in crude prices and refining margins.

Since then, China's state owned refining company, Sinopec paid more than $ 4.5 billion for a 9 % stake in Syncrude, the largest oil sand producer in the province.

Refine oil products in Alberta.

A lot of dirty oil is going to come out of the tar sands, be refined in China and create enough Co2 to push the planet into climate disaster.

«Over recent months, several of the world's largest oil companies have acquired a variety of companies and projects that have nothing to do with extracting, refining, or distributing hydrocarbons — but that are set to thrive in the low - carbon transition,» the report states.

Over recent months, several of the world's largest oil companies have acquired a variety of companies and projects that have nothing to do with extracting, refining, or distributing hydrocarbons — but that are set to thrive in the low - carbon transition,» the report

In 2016, of all the countries in the world, the U.S. exported the highest value of refined oil, earning more than US$ 64 billioIn 2016, of all the countries in the world, the U.S. exported the highest value of refined oil, earning more than US$ 64 billioin the world, the U.S. exported the highest value of refined oil, earning more than US$ 64 billion.

Idaho gets most of its oil from Wyoming, and the oil is refined in Salt Lake City, which adds a transport cost that the customer ends up paying.

The refinery will feature state - of - the - art design, specifically for processing Alberta oil sands heavy crude oil, and engineered to be the cleanest upgrading and refining site in the world.

KUALA LUMPUR (Reuters)- Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas» major refining and petrochemical project, the companies said on Tuesday, pumping in $ 7 billion in its biggest downstream investment outside the kingdom.

Much of the oil will likely be processed in California, which refined 60 % of Ecuador's oil exports in 2015.

(c) the maximum quantities of natural gas, crude oil or refined fuels that may be exported from Alberta during the interval or intervals set out in the licence;

As such, it's not at all clear that the Province has the right to enact the powers it is attempting to here over refined products, although it clearly does have the broad power to restrict exports in the case of crude oil, synthetic crude oil, and bitumen and other resources.

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).

This isn't a matter of collusion or market power, it's simply a matter of a broad market for refined products not affected in the same way by pipeline shortages and transportation bottlenecks which affect crude oil prices in one region but not another.