Sentences with phrase «oil reserves in»

David Kavanagh of Skadden, Arps, Slate, Meagher & Flom not only stopped a $ 16 billion share swap between BP and Rosneft in its tracks, but he also paved the way for Exxon to exploit vast oil reserves in the Russian Arctic.

Seismic airguns are being fired underwater off the east coast of Greenland to find new oil reserves in the Arctic Ocean.

«According to Oil and Gas Journal (OGJ), France had 159 million barrels of proven oil reserves in January 2006.

For the U.S., the pipeline is a strategic way to reduce its petroleum dependency on the Persian Gulf by tapping oil reserves in former Soviet states while bypassing Iran and Russia.

Canada is touted as having the third largest oil reserves in the world.

(With all the «green opposition» to allowing exploration or development of oil reserves in the «pristine Arctic», I can not imagine that «greens» — or the general public, for that matter — would allow this proposal to be realized in the even more pristine Antarctic.)

Turn the forest on its head and you will find yourself beneath an ocean of black crude — looking up at the largest oil reserves in the world.»

«If you go with the numbers that are being published, if you account for the tar sands in Northern Alberta, we're supposed to have the second largest oil reserves in the world, second only to Saudi Arabia,» says Ma.

Iran has the fourth largest proven oil reserves in the world, according to the US Energy Information Agency and any additional oil would add to the one million barrels a day of over-supply that has led to a more than 70 % collapse in oil prices since the middle of 2014.

Libya, with the largest oil reserves in Africa, was well - positioned to launch a new era unlike its neighbors, Egypt and Tunisia, who had mounting economic and structural challenges to address.

Uganda recently announced the discovery of viable oil reserves in the northern part of the country, which is estimated to contain over 2.5 billion barrels of oil.

Mansour's personal wealth ran into the tens of billions of pounds due in part to his control of vast oil reserves in the UAE and numerous other investments, including a stake in Virgin Galactic and Sky News Arabia.

The International Monetary Fund (IMF) expects the South American country — which has the largest proven oil reserves in the world — to contract 10 percent this year and has declared it the worst - performing economy in the world right now.

Laredo Energy, a company engaged in the acquisition and development of natural gas and oil reserves in South and East Central Texas, has raised $ 130 million in private equity commitments from Avista Capital Partners and Liberty Energy Holdings

Venezuela has the largest oil reserves in the world.

2012 wasn't their best year although they have vast proven oil reserves in Trinidad and Tobago as well as other interests in Colombia, Texas, Georgia and Puntland (Somalia).

The oil sands are the third - largest oil reserves in the world.

With the oil reserves in the Middle East threatened, the world could also turn to Canadas energy resources as a haven for a world in conflict.

Prior to the technological revolution in U.S. energy production, 81 percent of the world's proven oil reserves were located in OPEC member countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 66 percent of the OPEC total.

The Waziri of Adamawa said Nigeria should learn from Venezuela, a country with the largest oil reserve in the world that still faces so many challenges.

At the Clinton Global Initiative this week, Ecuador pledged to forgo the development of the country's largest oil reserve in the Amazon basin's most diverse rainforest located below Yasuni National Park, also home to the Tagaeri - Taromenani indigenous peoples living in voluntary isolation

Not exact matches

Even more amusing was the realization that the Quebec maple syrup industry maintains a «global strategic reserve» in much the same way that countries keep mass stockpiles of oil or grain.

It zoomed into hydrogen, only to put on the brakes in the mid-2000s after regulators found that Shell vastly overbooked oil reserves, a scandal that prompted Shell to refocus on what it saw as the part of its business that really counted.

But Waghorn says Hess's wide range of oil reserves, including fields in Guyana, will help diversify its revenue sources in case prices stall at current levels.

Just days later, the U.S. president made clear in his State of the Union address that when it came to the other big eco-controversy in America — hydraulic fracturing, or «fracking,» to access natural gas reserves — he was siding with the oil and gas industry.

So, although «the risk of climate change is clear and the risk warrants action» (in the form of greater energy efficiency and emissions - reducing technology), the big oil company will not be writing down any of its reserves.

Despite the United States» boom in oil production, the world is still dependent on the Middle East for oil and gas reserves.

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.

To pay for that, the bill would cut a public health fund in President Barack Obama's health care law, reduce some payments made by Medicaid and Medicare and sell oil held in the government's strategic petroleum reserve.

In the event of an oil spike, it's got proximity to amazing shale reserves.

As detailed in the first three installments of Power Shift, an NBC News / CNBC special report, the United States is experiencing an energy boom created by new drilling technologies that have unlocked vast domestic oil and natural gas reserves.

More than half of affected reserves are in deep - water projects, and nearly 30 percent are in Canadian oil sands.

A 2008 U.S. geological survey pegged oil reserves north of the Arctic Circle at 90 billion barrels — or 13 % of the projected undiscovered oil in the world — and 44 billion barrels of natural gas liquids.

Samuels said that while the state has among the largest budget reserves of any state, at a projected $ 10.4 billion by the middle of next year, continued low oil prices mean legislators will face some tough decisions when they return to Austin in January.

«The north of Canada is very, very favourable [to oil and gas deposits], in geologic conditions,» says Talwani, «but you have to do a lot of work to find out what the reserves are.»

Recently appointed as the nation's first special representative for the Arctic, Admiral Robert Papp arrives in the region just as Russia and Canada are clamoring for a piece of its vast oil and gas reserves, and as Shell is exploring for oil in American waters.

Saudi Arabia is converting Aramco, the holding that controls the world's biggest oil reserves, into a joint - stock company and plans to list a stake of up to 5 % on stock exchanges in Riyadh.

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.

The chief of the oil giant BP said Wednesday that remaining reserves are «smaller and more challenging to develop than in the past.»

That power squarely rests with oil - rich nations that hold most of the world's oil reserves and the Wall Street banks and hedge funds that speculate and make markets in the oil trading game.

With 3.2 billion barrels in reserves, short - term moves in oil prices won't make or break Fort Hills, said Suncor spokeswoman Sneh Seetal.

Apart from the destruction and loss of life, Saudi Arabias oil reserves are bombed, the U.S. is poised to enter another Middle East conflict and, in the end, Irans nuclear capabilities are only set back by a couple of years.

No doubt, our manufacturing sector will be sustaining our economy in two hundred years when our oil and gas reserves are gone.

The report also counters warnings from environmentalists that the pipeline's construction would spur a huge increase in production from western Canada's tar sands, believed to be one of the biggest reserves of crude oil outside Saudi Arabia — unleashing torrents of greenhouse gases into the atmosphere.

This underscores their efficiency and innovation in drawing on oil reserves that were largely out - of - reach as recently as 10 or 12 years ago.

Additionally, the SEC requires oil and gas companies, in filings made with the SEC, to disclose proved reserves, which are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible — from a given date forward, from known reservoirs, under existing economic conditions, operating methods, and governmental regulations.

While the country has very little debt and relatively huge fiscal exchange reserves, the drop in oil represents a huge change in Saudi Arabia's fiscal position.

Libya and its growing crude oil output became a major worry for OPEC in the last few months when attacks on fields and pipelines largely subsided, allowing the country holding Africa's biggest oil reserves to recover its production to over 1 million barrels.

Last month, Oslo - based Rystad Energy shared a report that shows the U.S. as now having the world's largest reserve of recoverable oil, with 264 billion barrels in existing fields, unconventional shale and as - yet undiscovered areas.

These included overly optimistic economic growth and oil price assumptions; cutting the contingency reserve by two - thirds; selling shares in GM at fire sale prices; raiding EI revenues; and even booking «savings» from unilateral changes to federal employees» sick leave benefits.