Sentences with phrase «upstream oil»

"Upstream oil" refers to the initial stages of oil production, including the exploration, extraction, and drilling activities that take place in order to obtain crude oil from underground reserves. It involves finding and accessing oil reservoirs, using technologies such as drilling wells and pumps to bring the oil to the surface. Full definition
At the One Planet Summit in Paris today, the World Bank announced that it will end financing for upstream oil and gas after 2019.
The firm has raised approximately $ 31 billion of aggregate capital since inception and completed around 600 transactions spanning the energy spectrum from upstream oil and gas to midstream and downstream, resources, equipment, services and infrastructure.
$ 300,000 of it is from a failed investment in a handful of upstream oil producers.
«Bank announces in Paris it «will no longer finance upstream oil and gas» after 2019 in response to threat posed by climate change.»
The total global spend on upstream oil and gas M&A reached $ 41.7 billion in Q3 2017.
Of the SDS's recommended upstream oil and gas investment, between 70 and 94 percent would be surplus to the Paris goals (Figure ES - 1).
The report shows that another year of lower upstream oil investment in 2017 would create a significant risk of a shortfall in new conventional supply within a few years.
Representing Pan American Energy in its ICSID claim for the expropriation of the second largest upstream oil company in Bolivia and the subsequent (largest) settlement agreed by Bolivia.
That is not what you should expect with upstream oil MLPs and corporations.
The rebalancing process is playing out and, barring a global recession, makes it seem likely that the price of oil has limited downside risk from here, especially with most upstream oil players reporting capital spending cuts of 20 - 40 %.
During the presentation, Dr Birol also highlighted that after two years of unprecedented declines in global upstream oil investment, there was no sign of a rebound in 2017.
Of Shell's $ 334 billion in potential («potential» again includes capital spend on the prospective resources that Shell could develop) upstream oil capex from 2014 - 2025, $ 107 billion (32 %) is projected to be spent on projects with a BEOP above $ 80 / bbl.
on the landmark AU$ 1.5 b trans - Tasman deal that will see Australasian oil and gas company Beach Energy acquire Lattice Energy, the conventional upstream oil and gas business of Origin Energy
He identified three main areas; namely post-discovery farm - outs by upstream oil and gas companies, cost oil disputes and the arbitrability of core tax disputes.
A companion to Brazilian Upstream Oil and Gas, this new book features chapters by highly respected Brazilian and international professionals, including experts from Baker Botts, Pinheiro Neto, Vieira Rezende, Veirano Advogados and Machado Meyer.
EXPERIENCE SUMMARY: Over twenty years in Fabrication, Engineering, Construction, Petro - chemical Upstream Oil & Gas, and Mining.
exclusive and independent news covering the entire upstream oil and gas industry in every corner of the globe.
WASHINGTON, D.C. — At the One Planet Summit in Paris today, the World Bank announced that it will end financing for upstream oil and gas after 2019.
As well as its decision on upstream oil and gas, the World Bank Group said on Tuesday that it would, among other things, report the greenhouse gas emissions arising from investment projects it finances in «key emissions - producing sectors» from 2018.
Of the NPS» recommended upstream oil and gas investment, between 78 and 96 percent — USD 11.2 to 13.8 trillion over 2018 to 2040 — is incompatible with the Paris goals.
While the World Bank's decision to finally end the financing of upstream oil and gas after 2019 is long overdue, it is certainly worth celebrating.
During the summit, the bank released a statement saying it «will no longer finance upstream oil and gas,» citing a need to change in a «rapidly changing world».
Upstream oil companies have been watching the election closely to determine the levels of political stability and compliance in the country.
His remarks covered the need for investment in upstream oil to meet rising demand and offset decline in mature fields, how competitive prices are vital for growth in gas markets, the rapid growth in solar and wind, and prospects for reaching universal access to electricity, including India's significant achievements over recent years in this respect.
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.
In July 2017, the Canadian Association of Petroleum Producers (CAPP) published A competitive policy and regulatory framework for Alberta's upstream oil and natural gas industry.
A survey of upstream oil and gas executives ranks B.C. dead last among Canadian provinces for investment attractiveness.
The Alberta Energy Regulator (AER) has issued two draft Directives that will require upstream oil and gas operators to reduce methane emissions from upstream oil...
Data from the GIPC, which registers all the formal FDI inflows, indicates that about 90 % of it (excluding investment in the solid mineral mining and upstream oil and gas sectors) ends up in just three of Ghana's 10 regions: Greater Accra, Ashanti and Western.
TransGlobe Energy Corporation is a $ 550 million upstream oil and gas company headquartered in Canada, but with the vast majority of its operations located in Egypt.
-- Actions to halve expected methane (a potent greenhouse gas) releases into the atmosphere from the upstream oil and gas industry in 2020 provide 18 % of the savings.
Some outlets have incorrectly reported that the World Bank Group will eliminate only their finance for fossil fuel exploration, but it's even bigger than that: the World Bank described it as a commitment to end «upstream oil and gas finance,» which means they're planning to phase out all of their extraction - related finance.
The move to delay a final decision comes following intense pressure from civil society organisations and movements, as well as diverging moves from other financial institutions such as the World Bank which pledged to end support to upstream oil and gas - a highly significant move given that current support to upstream oil and gas at over $ 1 billion per year on average between Financial Year 2014 and 2016.
Mexico, the fifth - largest methane emitter in the world in 2015, published regulations in 2016 for methane emissions in its upstream oil and gas operations, and addressed methane in recently published guidelines for unconventional oil and gas development.
Solar energy delivers positive environmental impacts, contributes to our nation's energy independence, and provides more jobs than the coal or upstream oil & gas sectors in the United States.
«the later the transition to 2 °C is deferred, the more difficult and disruptive it promises to be for the upstream oil industry».
But the findings of the Alberta study clearly suggest that actual methane emissions from the upstream oil and gas sector (excluding mined oil sands) are likely to be at least 25 to 50 per cent greater than estimated.
But building any of these pipelines ignores the fact that upstream oil and gas emissions under Alberta's plan, given NEB projections, will account for more than three quarters (76 %) of Canada's emissions by 2040 and 100 % by 2050 — if emissions reduction targets are to be met.
- How is the low fuel price environment affecting spending in upstream oil and gas, renewables and energy efficiency?
Of the NPS» recommended upstream oil and gas investment, between 78 and 96 percent — US$ 11.2 to 13.8 trillion over 2018 - 40 — is incompatible with the Paris goals.
Energy efficiency measures deliver positive environmental impacts, reduce your reliance on utility - generated electricity, and provide more jobs than the coal or upstream oil & gas sectors in the United States.
Principal among these announcements, I think, was news that the World Bank will stop financing upstream oil and gas projects from 2019 onwards.
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