Sentences with phrase «oil volumes of»

Oil volumes of 65,800 bbl / d were 2 percent higher than the most recent quarter and 69 percent higher vs. the same period a year ago, led by a 149 percent increase in the Delaware Basin over the past 12 months.

Not exact matches

«Despite the temporary pullback in production in the first quarter, we still expect our oil sands volumes for the year to be within our original guidance of 364,000 to 382,000 barrels per day,» he told a conference call with analysts.

Transporting sand, drilling pipe, and crude oil furnished only 4.5 % of UP's volumes at the peak in 2014.

When the carrier's 2015 volumes fell because of external forces, such as collapsing oil prices, Reckmeyer saw an opportunity.

But that sheer volume of trains bearing oil raises the risk of a recurrence, Tahmazian says.

«I'm really confident that as we move into the second half this year and into the first half of 2019, we're going to be seeing very material volumes of oil moving by rail,» he added.

Downstream companies make money on the difference between the price of crude and the price of the refined petroleum extracted from it (a difference known as the «crack spread»), while midstreaming is a volume business (ship more oil, earn more money).

«This decision clearly flies in the face of volumes of scientific evidence that shows the Keystone XL pipeline would be safe, enhance environmental standards, and be a more cost - effective alternative to importing oil from overseas,» said Michael Whatley of the Consumer Energy Alliance, which advocates for the energy industry.

Oil production of 3.8 MMBbls in the first quarter of 2018 represents 43 percent of total production and was an increase of 51 percent compared to first quarter of 2017 volumes and two percent from the fourth quarter of 2017.

The Company expects to realize between 88 and 92 percent of NYMEX pricing on all its Delaware Basin 2018 and 2019 projected oil volumes.

When combined with the Company's existing 10,000 barrel per day agreement for in - field gathering with Oryx Midstream Services and planned investment of approximately $ 20 million in its own oil gathering system in 2018, PDC believes this agreement ensures its ability to successfully produce and deliver volumes in accordance with its current development plan.

Now, with billions in new revenues flowing out of these deposits, a growing number of oil - and - gas - field services firms have emerged with solutions to the problem of how to remediate the huge volumes of heavily polluted water that comes out of the ground.

Furthermore, it is relatively easy to come up with plausible scenarios where oil prices stay flat or even fall, usually involving some combination of a slowdown in China's economy and state - owned enterprises increasing oil production to make up lost revenue through increased volumes.

Crude - by - rail shipments are expected to ramp up in the second half of this year and into the first half of next year to «very material volumes of oil,» Pourbaix said, adding price discounts will improve but will likely remain higher than usual because rail costs more than pipeline transport.

BG, which will report full - year results on Feb. 5, said it expected 2015 production volumes to have hit 704,000 barrels of oil equivalent per day (boepd), above its previous forecast of 680 - 700,000 boed, due to new fields that have come on stream in Australia, Brazil and Norway.

Such operations include «ultra-low volume misting of premises and thermal fogging of outdoor areas to kill adult mosquitoes,» increasing frequency of drain flushing and oiling to prevent breeding, and public education outreach and distribution of insect repellent.

«We are beginning to see some deterioration in the credit quality of oil and gas loans to borrowers that used high volumes of debt to finance their growth over the past several years,» Grant Wilson, director of commercial credit for the Office of the Comptroller of the Currency, a banking regulator, told Bloomberg in an interview.

However, the outlook for increased volumes of Canadian crude oil shipped by rail to the United States is highly uncertain despite significant U.S. demand for Canadian crude oil, specifically on the U.S. Gulf Coast.

If news breaks that a deal is in hand, oil prices will sink on the expectation of this future volume, potentially dropping by $ 5 to $ 10 per barrel.

The current owner of the pipeline, American energy giant Kinder Morgan, recently expanded capacity to 300,000 barrels per day»... to transport growing volumes of product from Alberta's oil sands.»

Additional questions have been raised about the volume of oil discharged by the broken Enbridge pipeline.

By 1990, the market for tankers was turning around... too many ships were scrapped and the volume of oil coming from the Persian Gulf was increasing.

«We are beginning to see some deterioration in the credit quality of oil and gas loans to borrowers that used high volumes of debt to finance their growth over the past several years,» Grant Wilson, director of commercial credit for the OCC, said in an interview.

«We've seen reduced client activity (in oil), reduced hedging from the corporates as well as low prices at the start of last year and low volumes.»

There are still very large volumes of oil sitting in storage, but inventories have already started a slow drawdown.

While WoodMac sees trouble ahead for the Permian, a separate study from IHS Markit estimates a massive volume of oil still remains in the Permian, and that the best days for the shale basin are ahead.

A lack of oil - moving infrastructure to handle the rising volumes of crude from western Canada put domestic oil on sale.

This could give China a stake in the lowest - cost oil producer and major exporter of the commodity that Beijing will continue to use in growing volumes in the foreseeable future.

From a strictly legal perspective, the relevant question is not whether there is a sufficient connection to any particular existing or proposed oil sands development or other production activity, and certainly not whether such projects or activities were included in the Terms of Reference (ToR), but rather simply whether the GHGs associated with the production of bitumen that will be transported by the NGP are an «environmental effect» of that project (see NGP Report, Volume II, Appendix 4, Terms of Reference, which defines «environmental effect» very broadly to mean «any change that the project may cause in the environment.»

The conditions precipitating this change — lower volumes and value of crude oil from Mexico, and increasing demand from Mexico for refined products from the U.S. as prices are rising — may not be the new normal.

The large volume of restarts led to a spike in crude oil prices on Tuesday, with WTI up more than 3 percent.

OTTAWA — An internal memorandum to Prime Minister Stephen Harper, prepared more than two years before the Lac - Megantic railway disaster, noted that oil shipments by train were on the verge of expanding by up to 20 times the volume.

As today's Hot Chart shows, U.S. volume imports of crude oil plummeted to their lowest level since 1996 in April.

This may be a simplistic and thoroughly «unsophisticated» view of markets, but why don't we limit the number (thus volume) of contracts for oil to the actual demand figure for that month?

The EOR project has the potential to add 2,000 bbl / day — 3,000 bbl / day of light oil production, which would throw off substantial cash flows and unlock over 25 million barrels of oil equivalent of in - place volumes with potential value of $ 177 million ($ 1.39 / fd share) versus a market cap of ~ $ 14 million today.

Since most of these companies book their revenue on volume rather than commodity prices, the drop in oil prices hasn't been catastrophic.

Indeed, volume in the February contract had dwindled; anyone left in it upon settlement would suddenly either owe delivery or have to take delivery of physical barrels of oil.

The downside risk could be even worse because Goldman did not factor in large volumes of oil coming online from Libya and Nigeria, a development that is certainly not inevitable, but possible.

As impressive as these volume totals are, the share of the U.S. oil market Canadian petroleum now occupies is even more dramatic, and perhaps even worrisome from a U.S. perspective.

In the latest round of OPEC promises, Kuwait's state run oil company has pledged to cut «contractual sales volumes of oil for 2017» according to Bloomberg Markets.

Canada currently produces about four million barrels of oil a day but 61 percent of that volume comes from high cost and carbon intensive mining in the tar sands.

While Canada's heavy oil producers are faced with the challenge of increasing rail volumes in the absence of a new export pipeline, they're also dealing with issues on an operational system into the U.S.

The projected threefold increase in tanker traffic through Vancouver's harbour that will be required to accommodate the increased oil volume poses environmental and health risks that no amount of marine response money or preparation can mitigate.

Global oil trading is increasing, both in terms of volume and in open interest.

Currently, certificates must represent the required volume of crude palm oil from which the refined material will be produced — meaning the buyer pays for more certificates than the material used.

Certificates that apply to 2011 can be bought to cover only a refined volume of palm oil or palm kernel oil.

Because almond milk is a fairly thin liquid, a spoonful of melted coconut oil and flax seeds pumps up the volume with some healthy fats and richness.

In a CSR report published last December, the company says that 100 % of its purchased volumes of palm oil are certified sustainable via the RSPO and 90.24 % is traceable to the mill of origin.

Experts like Dr. Bruce Fife and Dr. Mary Enig speak volumes about the merits of coconut oil — quite literally.

Hypocholesterimic effects of cold and hot extracted virgin coconut oil (VCO) in comparison to commercial coconut oil: Evidence from a male wistar albino rat model Food Science and Biotechnology December 2013, Volume 22, Issue 6, pp 1501 - 1508