Production Growth, Total - % represents the Company level Average Daily Production Growth, as
reported by the oil / gas company.
This report provides a new look at the 2014
report by Oil Change International and the Sierra Club titled Failing to Solve Energy Poverty: How Much International Public Investment is Going to Distributed Clean Energy Access?
A recent
report by Oil Change International shows how there is simply no room for new fossil fuel exploitation within humanity's remaining carbon budget.
A new
report by Oil Change International identifies billions of dollars in subsidies for fossil fuel exploration from the world's wealthiest countries.
It draws on
a report by Oil Change International, a Washington - based think tank, using data from the Norwegian energy consultants Rystad.
Not exact matches
Fracking is part of the problem, but the
report states that most human - induced quakes are caused
by the
oil and gas industry's use of injection wells to dispose of wastewater - the contaminated liquid that gets pumped out of the well during
oil and gas extraction.
A new survey
by the Sustainable Investment and Finance Association (UKSIF)
reported that the number of fund managers that expect the value of
oil firms to drop in the next few years has doubled.
The fossil fuel divestment campaign began on university campuses in 2011 but the new
report reveals that concerns over investments in coal,
oil and gas have now entered the financial mainstream, with more than 80 % of the funds now committed to divest being managed
by commercial investment and pension funds.
Royal Dutch / Shell and BP on Tuesday joined peers in
reporting higher than expected earnings
by making further deep cuts in spending to cope with an
oil price downturn now in its third year.
• Engineering for the Petroleum & Process Industries, Egypt's state - owned
oil company, has picked a consortium led
by CI Capital as lead managers and bookrunners for an IPO that could raise about $ 150 million, Bloomberg
reports.
The next few weeks will be crucial for
oil prices as investors see how the OPEC deal will be implemented, according to a new
report by the IEA.
«We expect the stagnation trend to continue and potentially accelerate next year, exacerbated
by lower
oil prices, tighter monetary policy and continued uncertainty on the geopolitical front,» noted Barclays economist Eldar Vakhitov in a recent
report.
A Russian
oil billionaire has been ordered
by the U.K.'s High Court to transfer a luxury superyacht worth nearly $ 500,000 to his ex-wife in one of Britain's biggest divorce battles, the Financial Times
reports.
Meanwhile, buoyed
by many of the same forces driving most commodities (not to mention insatiable demand for energy), Canadian
oil companies, including Imperial Oil, Husky Energy and Canadian Oil Sands, also reported strong — albeit less historic — earnin
oil companies, including Imperial
Oil, Husky Energy and Canadian Oil Sands, also reported strong — albeit less historic — earnin
Oil, Husky Energy and Canadian
Oil Sands, also reported strong — albeit less historic — earnin
Oil Sands, also
reported strong — albeit less historic — earnings.
This eye - catching graph pops out of a
report published
by Boston Consulting Group on January 21: it illustrates how the current
oil price crash, while not (yet) the deepest in recent memory, is the longest - lasting — and counting.
In the October
report, there were five: stronger - than - expected U.S. growth; higher - than - expected
oil prices; the possibility that weak business investment had altered the economy's potential; slower growth in less advanced economies such as China; and a tilt to saving from spending
by Canada's heavily indebted households.
On Wednesday, the Energy Department is expected to
report that U.S. crude
oil supplies fell last week
by 1.5 million barrels, according to a survey of analysts
by Platts.
OPEC wants to keep
oil prices relatively higher than they have been in recent years, having lost $ 76 billion in 2016 due to cheap
oil caused
by rising American and Iranian
oil production, according to a
report by the US Energy Information Administration (EIA).
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.
In a closely - watched monthly
report published
by the International Energy Agency (IEA) on Tuesday, the Paris - based organization said a rise in global
oil production — led
by the U.S. — was on track to outpace growth in demand this year.
Canada's
oil will be extracted and marketed regardless of Keystone, the
report contended, and could be shipped to the U.S.
by rail, which has higher emissions.
CNBC's Jackie DeAngelis
reports that
oil prices were affected
by weak trade data out of China and the EIA cutting its world
oil demand forecast.
CNBC's Jackie DeAngelis
reports on falling
oil prices after Iran says it would counter price cuts made
by Saudi Arabia.
Isabel Dos Santos, the woman listed
by Forbes as Africa's first female billionaire, has been unceremoniously fired from her post as head of Angola's national
oil company Sonangol, according to newswire
reports.
Oil - rich Alberta's GDP, for example, grew
by 500 per cent between 1961 and 2003, according to a
report by the Pembina Institute.
Exxon has argued against all the other shareholder proposals as well, including a «policy to explicitly prohibit discrimination based on sexual orientation and gender identity»; a policy articulating Exxon's «respect for and commitment to the human right to water»; «a
report discussing possible long term risks to the company's finances and operations posed
by the environmental, social and economic challenges associated with the
oil sands»; a
report of «known and potential environmental impacts» and «policy options» to address the impacts of the company's «fracturing operations»; a
report of recommendations on how Exxon can become an «environmentally sustainable energy company»; and adoption of «quantitative goals... for reducing total greenhouse gas emissions.»
The
oil market is re-balancing as demand continues to grow but more time is needed before these shifting fundamentals are felt
by markets, the latest
report from the International Energy Agency said Friday.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including
oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused
by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual
Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly
reports on Form 10 - Q (the «Reports&r
reports on Form 10 - Q (the «
Reports&r
Reports»).
The Paris - based IEA forecasts in its latest
oil markets
report that crude -
by - rail exports will grow from 150,000 barrels a day in late 2017 to 250,000 barrels a day this year and then to 390,000 barrels a day in 2019.
Although U.S. crude
oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status
report, Molchanov predicts inventories will trend lower
by the middle of the year as prices recover.
«All year this reading has been in focus as activity in the US manufacturing sector, particularly driven
by a decline in
oil - related activity and the strengthening of the US dollar, has slowed,» Business Insider markets editor Myles Udland
reports.
The dilbit
report, which was authored
by independent experts and not the
oil industry, should quash some of the charges against Alberta's crude once and for all.
Planned investments in loading terminals in Alberta and anticipated deliveries of specially designed tank cars could see an incremental 425,000 barrels per day of heavy
oil railed to market
by the end of 2014, it said in a
report.
The extraordinary cost reductions achieved
by North American
oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian
oil sands industries will have to come from higher
oil prices, according to a new
report from Moody's Investors Service.
The
report does envision scenarios in which
oil sands development is curbed
by a combination of lower
oil prices and a lack of pipeline capacity.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings,
oil prices, and will turn to this afternoon's FOMC Meeting Statement followed
by reports tomorrow on UK PMI, Eurozone PPI, CPI, US Challenger Job Cuts, Productivity, Unit Labor Costs, Jobless Claims, Trade Balance, Markit Services PMI, ISM Services, Durable Goods and Factory Orders for near term direction.
Three such examples are Aimsio, a digital ticketing software that streamlines field operations
by enabling users to file
reports, dispatch resources and track project progress all from one central location; DarkVision, which developed a new ultrasound technology that allows companies to create 3D images of the inside of
oil wells, enabling them to make more informed and cost - effective production decisions; and Unsist, which uses artificial intelligence to help
oil and gas companies make better production and operational choices.
Sources
reported that an armed militia from Zintan, directly linked to the heavily armed Petroleum Facilities Guard, which was set up to protect the country's
oil and gas infrastructure, has closed the El Feel and Hamada fields
by blocking their respective pipelines.
We sourced the oilsands direct jobs figure from The Decade Ahead: Labour Market Outlook to 2022 for Canada's
Oil and Gas Industry, a 2013 Petroleum Human Resources Council
report that was funded in part
by the Government of Canada and The Canadian Association of Petroleum Producers.
In its monthly
oil market
report, the IEA said global supply rose
by 800,000 bpd in October to 97.8 million bpd, led
by record OPEC output and rising production from non-OPEC members such as Russia, Brazil, Canada and Kazakhstan.
As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets
by reporting a 761,000 - barrel draw in U.S. crude
oil inventories, the EIA added fuel to the celebratory mood.
Amid restarting refineries along the Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat
by reporting a substantial increase in crude
oil inventories for the week to September 15.
Bakersfield relies heavily on the
oil industry, which has been hit
by the drop in
oil prices,
reported the Los Angeles Times in early 2016.
He's also chairman of a $ 26 million fund, BH Logistics, established in April with backing from a Chinese conglomerate, and a $ 40 million fund involved in shale
oil exploration, according to documents filed in June and first
reported on
by Bloomberg News.
The
oil and gas companies both
reported lower - than - expected earnings on Friday morning, and their stocks fell 5 to 6 percent
by the afternoon — dragging down the entire index, which continued to slump on Monday.
«The Achilles heel of the industry may be that people are very resistant to construction of necessary infrastructure,» stated the
report, which was sponsored
by half a dozen
oil and gas companies and two law firms representing them and included a list of the type of people opposing pipelines and their motivations.
Oil fund managers are not betting on $ 20 a barrel oil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders repo
Oil fund managers are not betting on $ 20 a barrel
oil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders repo
oil this week because they increased their net - long position
by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders
report.
But the dismal earnings
reported by national
oil giants in recent days underscore the difficulties in Continue Reading
The American Petroleum Institute (API)
reported a build of 6.181 million barrels in United States crude
oil inventories, compared to analyst expectations that inventories would build
by 10.1 million barrels for the week ending September 8 as many refineries in the Gulf Coast remain offline and demand in Florida wanes in the wake of the most recent hurricane.
Not later than 270 days after the date of enactment of the Dodd - Frank Wall Street Reform and Consumer Protection Act, the Commission shall issue final rules that require each resource extraction issuer to include in an annual
report of the resource extraction issuer information relating to any payment made
by the resource extraction issuer, a subsidiary of the resource extraction issuer, or an entity under the control of the resource extraction issuer to a foreign government or the Federal Government for the purpose of the commercial development of
oil, natural gas, or minerals...