Sentences with phrase «upstream company»

More recently, the «Accenture and Microsoft 2017 Upstream Oil and Gas Digital Trends Survey» showed that in 3 - 5 years, over 70 percent of more than 300 leading upstream companies plan «more» or «significantly more» investment, transitioning to areas such as high - performance computing, wearables, artificial intelligence (AI), robotics, blockchain, and mixed reality.

At the beginning of 2011, the small integrated energy company voluntarily split into a pure - play upstream company, called Marathon Oil, and a pure - play refiner, called Marathon Petroleum Corporation.

Marathon Oil Corp. completed the spinoff of its downstream business, Marathon Petroleum Corp., making Marathon Oil an independent upstream company based in Houston.

Huge requirement for Capital expenditure and also the uncertainty associated with the probability & possibility of finding economically exploitable reserves makes one cautious of the future of specific upstream companies.

Licenced upstream companies paid $ 465,920 in 2015 compared to about $ 907,501 in 2014, representing 49 percent drop, according to the Ghana Revenue Authority and Bank of Ghana 2016 report.

The GMD said that the Corporation had grown the production of the Nigerian Petroleum Development Company, NPDC, NNPC's flagship Upstream Company, from 15,000 barrels of oil per day to the current peak - operated volume of 210,000 bopd in June 2017.

The Managing Director of Total Upstream Companies in Nigeria, Mr Nicolas Terraz, thanked the senators for taking the time to visit the Egina FPSO saying, «What you are seeing here is a product of the hard work of our staff, many of whom are Nigerians, along with our very supportive partners and Nigerian authorities.»

It is the high refining profits, and chemical profits, when oil gets cheap that allows you to keep the dividends coming in and then go on the offensive to purchase upstream companies outright that are unable to take on additional debt to survive.

To make matters worse for North Dakota, upstream companies are also finding the region less attractive.

When asked about Canadian oil sands production, Mulva said those operations would be part of the upstream company.

The NNPC says, for the first time, it «was able to get the buy - in of the upstream companies operating in Nigeria to enhance domestic supply of refined petroleum products by indicating readiness to make available additional funding to support import of products.»

Since becoming an upstream company, Conoco posted net profit margins of 12.0 % in 2012 and 12.2 % so far in 2013.

Let's take a quick «before and after» look at Conoco's net profit margins before and after becoming an upstream company.

Because of the spinoff of Phillips 66 and a series of divestitures thereafter, Conoco Phillips is probably the biggest example of an upstream company that often shows up in defensive and conservative portfolios across the country.

Now that Conoco is solely an upstream company, it can be useful to understand the implications of its business model if you want to own it for 10 + years.

That is because an upstream company like Conoco needs to continue to keep its reserve replacement rate above 100 %, and requires constant capital expenditures to achieve this.

If you are an upstream company, your business results are strongly tied to the price of oil and natural gas because upstream companies are the ones that find oil and natural gas and pump it from the ground.

Of course, upstream companies would add their cost of permits to the prices they charge, and everyone downstream would feel them.

Solar module / upstream companies led the majority of the declines for the second straight month.