Sentences with phrase «years after the oil»

For an industry suffering from Post-Traumatic Stress Disorder (PTSD) almost 2.5 years after the oil price collapse, May 4 was a very long day.

More than three years after oil prices collapsed, with crude prices stabilizing in the $ 50 — $ 70 range, oil and gas executives are allowing for a bit of optimism again.

More than five years after the oil tanker Exxon Valdez hit a reef off the coast of Alaska, the people who claim they were harmed by the massive oil spill are finally having their day — or rather, their months — in court.

Nearly 25 years after an oil storage tank ruptured near mangrove swamps and coral reefs of Bahia Las Minas in Panama, oil slicks still form in the water.

He sent me a link to an article he wrote for the then fledgling BBC News website back in 1999, a few years after the oil tanker Sea Empress ran aground on the coast of Wales, spilling more than 72,000 tonnes of crude along a coastline that's a favourite for ramblers and nature enthusiasts, not to mention the fishing grounds.

It was three years after the oil embargo, and Byrd wanted to direct some of that spending for jobs in his constituency.

Three years after the oil and gas industry took a major hit, energy - dependent markets like Houston, Oklahoma City, Tulsa and Corpus Christi are still feeling the effects.

Not exact matches

Netbacks, profit after subtracting transport and other expenses, averaged C$ 16.80 per barrel of oil equivalent in the first quarter, compared with C$ 21.25 a year earlier.

Calgary - based Enerplus Corp. plans to continue to pour money into its North Dakota light oil play this year after crediting it with fourth - quarter profits that handily beat analyst expectations.

It is also planning to drill up to three new oil wells on a new project in Colorado after strong results from its first well drilled last year.

The recent drop in oil prices has Todd Hirsch, ATB Financial's chief economist, predicting a mild recession for Alberta this year and a sluggish recovery next year after forecasting in June that the province would avoid such an economic decline.

Rick George, who helped pioneer Canada's oil - sands industry during two decades at the helm of Suncor Energy Inc., died on Tuesday after a year - and - a-half battle against acute myeloid leukemia.

Fiona Harris has returned to the board of Oil Search about one year after stepping down from two major board positions because of health issues.

Onshore oil producer Buru Energy has secured a native title agreement to further develop its Canning Basin gas resources, two years after its plans for a fracking program in the Kimberley caused a stir.

Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20oil would more quickly pull out of a rout that started in late 2014.

Oil majors and large independent drillers need to shore up their asset portfolios after several years of underinvestment during a price slump, analysts say.

Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent framework to stabilize oil markets after the current supply cut deal ends this year, its oil minister said on Saturday.

It was part of a nationalistic push by Mexico, 12 years after the government expropriated foreign oil assets and created Pemex, to assert economic and industrial might.

Pressure has been restricted on the 590,000 barrel per day Keystone pipeline since late last year, after the line leaked some 9,700 barrels of oil in South Dakota.

Iranian oil production rose after former President Barack Obama ended years of sanctions.

After initial talks with Summit last year, Halliburton shifted its focus to reaching an agreement with Novomet Oil Services Holdings, a Russian supplier of electric submersible pumps that has operations in about 17 countries.

Under former president Barack Obama, Transcanada Corp's Keystone XL oil pipeline was rejected in 2015 after environmentalists campaigned against the project for more than seven years.

But after the bust comes the boom: Expect soaring crude prices later this decade as demand from fast - growing Asia collides with greatly diminished supply — a classic bust - boom cycle with which the oil industry was all too familiar 100 years ago but may have forgotten since.

Oil is on course for its biggest weekly gain in six years, while commodities surge after Glencore announces production cuts.

HOUSTON, Jan 26 - Oil prices settled higher on Friday after hitting three - year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices.

After falling off sharply in late 2015 through the first half of 2016, US oil production has been steadily increasing over the past year:

There are any number of theories explaining the sudden drop in crude oil prices after two years of stability: America's increasing supply, the world's faltering demand, an undeclared price war being waged by Saudi Arabia, the rising U.S. dollar.

After years of declines, U.S. oil production has picked up dramatically since 2010 thanks to the so - called «shale revolution.»

Or will this be more like 1986 — an eerily familiar scenario in which an OPEC decision to keep pumping oil after a flood of new supply ended up tanking prices for years?

Just after the year 2000, Grantham maintains, the cost of oil inflected as finding new supplies became more challenging and expensive.

Founders often justify burning the midnight oil, as this is their time to create something meaningful and sleep is something that can come later in life — after these valuable years of innovation are behind them.

Cenovus reported fourth - quarter net income of $ 620 million or 50 cents per share on Thursday, well ahead of $ 91 million, or 11 cents per share, in the year - earlier period, thanks to better refinery profits, stronger oil prices and production that almost doubled after it bought out its oilsands partner, Houston - based ConocoPhillips, last year.

By the end of this year, total refining capacity will exceed a million barrels a day — making Singapore the world's third - largest oil - processing center, after Houston and Rotterdam.

After an ugly six weeks in January and February when stocks and oil prices tumbled in tandem, shares in the U.S. and much of the rest of the world have recovered nicely, with the S&P 500 on track to rise by just under 10 % for the year.

Or think of the price the Canadian economy is expected to pay for the damage wreaked by climate change after years of oil industry lobbyists opposing serious carbon reduction policies.

It has raised its target for the overnight rate three times in the past year after cutting it in response to a drop in oil prices.

With a market cap of about $ 25 billion at the time, the family - run oil and gas empire was the largest company Elliott had ever gone after, and it occupied a nostalgic place in American culture thanks to the novelty toy trucks it released each year at Christmastime.

The dramatic drop in oil prices to $ 40 - 60 in the past four years after a decade of $ 100 per barrel oil has lessened consumer concerns about gasoline prices and boosted SUVs and truck sales.

After serving as a senior pastor for 15 years, he left the ministry for corporate America, joining Anadarko, an oil and gas company, as HR manager.

After all, it was the expansion in North American oil production that helped keep oil prices stable over the past three years, despite significant geopolitical disruptions in the Middle East and Africa.

Kolko's analysis found that job cuts in oil - rich cities don't typically happen until about six months after energy prices tank, and property values don't fall until one or two years after that.

After crashing last year and then hitting several peaks and valleys, oil prices have traded within a relatively narrow range, with WTI bouncing around a bit above and below the $ 60 per barrel mark, and Brent staying near $ 64 per barrel.

In March this year, the International Energy Agency (IEA) said that unless the industry approves fresh investments in new projects, global oil supply may be struggling to catch up with demand after 2020, which could result in a sharp jump in oil prices.

NEW YORK, April 11 (Reuters)- Oil prices jumped on Wednesday, hitting their highest in more than three years on Wednesday after Saudi Arabia said it intercepted missiles over Riyadh and U.S. President Donald Trump warned Russia of imminent military action in Syria.

Failure to achieve this single KPI means the company is unable to increase oil and gas production year after year, reflecting negatively in the financial performance of the company's profit & loss statement.

After almost three barren years for investors who have poured millions into the U.S. oil sector, producers are finally opening the floodgates to a wave of share buybacks that will return money to shareholders this year.

Although there is hope for a boost in local production after the country opened its oil fields to foreign investors this year, it's going to be hard to make the kind of turnaround needed after a 13 - year production decline.

It's too bad we couldn't get our oil to the refinery on the east coast, so they wouldn't have to import so much product from Saudi Arabia... Alberta's frustrations... blocked from both directions... stuck... land locked... after years of paying billions of dollars in equalization payments to help the rest of Canada.

«The energy sector posted stronger returns in September due to a rebound in oil prices which helped lift Canadian equities, while the bond market slipped into negative territory after strong Canadian economic growth led the Bank of Canada to raise interest rates for the first time in seven years,» said James Rausch, Head of Client Coverage, Canada, RBC Investor & Treasury Services.

Despite the backdrop of political and economic uncertainty, OPEC said that it anticipated world oil demand growth in 2016 to increase by 1.23 million barrels a day (mb / d) after a marginal upward revision, mainly to reflect better - than - expected economic data for the first half of the year.