Whereas most big western firms such as Mobil and Esso are expert at finding crude oil, extracting it from the ground, turning it into petrol and then selling it, Japanese firms tend merely to refine the stuff and sell it.
It was a desire to keep the oil cartel's market power in check during the oil-price shocks of the 1970s that led western oil companies, denied access to the bounties of the Gulf, to begin extracting oil from the North Sea, Alaska, the Gulf of Mexico and elsewhere.
The third group carries out most of the tasks involved in finding and extracting oil.
Extracting oil from the sands took off in the late 1990s, boosted by technological advances that greatly reduced costs.
Drilling proponents accept that the occasional spill is the cost of extracting oil.
The IEA said the reason for this was the big growth and development in the US of extracting oil from shale rock.
Extracting oil from tar sands causes more carbon emissions than traditional drilling.
Edwards is a self-made oil billionaire who was earlier than most in appreciating the opportunity of extracting sulphurous oil from sand in northern Alberta.
Apart from this, it also jointly holds agreements with Ernvest Ltd. for extracting oil and gas deposits in area spanning 650, 000 acre in the region.
Second, both the Philippines and Vietnam may soon start extracting oil.
The greens may not be able to stop the Canadians from extracting oil from the Alberta tar sands, but they would succeed in wiping out American coal-fired power.
The Chinese do not bring substantial technical expertise to the table, but will be the most willing to negotiate terms with Quito so that they can continue extracting oil.
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The conventional route to biodiesel consists of extracting oil from plants and converting it to the methyl esters of fatty acids that are present in the lipid-components, known as triglycerides.
The plaintiffs alleged that a Texaco subsidiary dumped an estimated 30 billion gallons of toxic waste into their environment while extracting oil from the Ecuadorean Amazon between 1964 and 1992.
Several environmental risks are associated with extracting oil shale.
It's a guess based on how much is known, and likely new finds, and how much technology might improve over the next few decades at extracting oil from those hard-to-reach rock formations.
Firms that had used unrealistically low cost estimates for extracting oil from ageing fields have suddenly been bailed out of trouble by the price rise, which makes extraction viable, and thus reserves proved, even at a higher cost.
Extracting crude oil from deposits under 2, 000 meters of water is one of the most complex projects around.
Biodiesel can be produced by extracting the oil from the algae cell.
While BP was extracting the oil from underneath the Gulf of Mexico when the Macondo well exploded, the Deepwater Horizon rig itself was owned by Transocean.
Cox believes that all in all--transformation, transportation, refining--he can make liquid fuels more cheaply by turning natural gas into GTL than can producers that start by extracting crude oil.
In 2007, the Ecuadorian government made an offer that the oil would not be extracted on the condition that developed nations compensated them half of the money that the country would have earned through extracting the oil.
Furthermore, included in the list of aid measures under active consideration by the European leaders is a scheme to assist the Soviet Union in extracting and selling oil and natural gas from the Soviet Union, using European expertise and equipment and providing royalty payments to the Soviets.
This rule has been designed to counteract Saddam Hussein's penchant for extracting illegal surcharges on oil exports and using them, as he has for years, to line his pockets and finance his weapons of mass destruction programs, support for terrorism, etc.
It is disingenuous of the administration to imply that extracting more tax from the oil companies, which it would do like a shot if Congress allowed it, would not raise prices at the pump.
The oil and gas industry, especially in its extracting and refining, is heavily involved in U.S. manufacturing.
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So, what we're trying to do is come up with new technology that will allow us to extract more oil from the same area that we're extracting it now.
Extracting the bitumen from the clay and sand and upgrading it into crude oil--by breaking its big hydrocarbon molecules into smaller, less viscous ones--is an expensive, energy-intensive process that consumes 650 cubic feet of natural gas for every barrel.
Like biblical gleaners extracting more wheat from long-tilled acreage, Duroc-Danner is revitalizing oil flows from aging fields once thought to be largely tapped out.
Also a problem is the considerable cost of extracting deep water reserves from the remote South Atlantic -- although this becomes less of an issue as oil prices continue to climb.
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