People in the oil area are unlikely to be satisfied whatever happens: earlier regimes bypassed state governments by channelling the money through local authorities, but again most of it ended up in somebody's pocket.
United mechanics who inspected the engine found that two shop towels had been used to cover openings in the oil sump area, instead of protective caps.
CNN: US Airways, United face FAA fines for safety violations
It dawned on me that there was likely to be an area nearby capable of producing oil covering a very large area.
FORBES: Birth Of A Wildcatter - How Harold Hamm Got His Start
Bangladesh has taken India to court over an oil-rich area in the Bay of Bengal.
The P-36 was located in an especially oil-rich area off the coast of Rio de Janiero, and was expected to produce 180, 000 barrels per day in the near future, making the explosion an even greater loss.
The oil firm has estimated reserves of at least 10-12 million barrels of oil in the lease area.
Faroe chief executive Graham Stewart said the prospect was close to a number of giant oil fields in the area.
Peel said the closure had been "a purely precautionary measure to prevent passing vessels spreading the oil into a wider area than that already affected".
BBC: Manchester Ship Canal closed after Stanlow oil spillage
And we hope that the American companies will have the largest role in increasing our wealth in the area of oil and other aspects as well.
WHITEHOUSE: President Obama��s Press Conference with Prime Minister Maliki | The White House
The participants were unanimous in expressing their deep concern to the Congolese Government regarding the granting of a concession for oil exploration in an area of Virunga National Park.
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.
For the smaller fry in the oil industry, the area represents their best chance to get in on the ground floor and reap potentially huge rewards in the future.
FORBES: Best Chance For Energy Investors To Hit The Jackpot: East Africa
She also suggested that exploiting oil reserves in the area was not a realistic option as a spill would be an ecological disaster without access to logistical support from Argentina.
One key area is oil processing and gasoline distribution.
FORBES: China's Auto Industry Shows Signs Of Impending Gridlock
The agency said Enbridge Inc. took more than 17 hours to shut down operations after the 30-inch-diameter pipeline ruptured and released crude oil into a wetland area near Marshall, Michigan, said NTSB Chairwoman Deborah A.P.
"The evident destruction of the collection manifold is a big deal in that this by itself is likely to result in immediate cessation of oil flow from the area, " said Jonathan Hutson, a spokesman for the project, which is led by the Harvard Humanitarian Initiative.
According to some press reports the attack at Abiteye in Delta State was carried out by oil thieves angry that the military Joint Task Force in the Niger Delta is succeeding in its effort to stop illegal oil bunkering in the area, thereby jeopardising the livelihood of local bandits who often masquerade as militants.
ECONOMIST: A big rebel group in the Niger Delta calls off its ceasefire
Hess and Occidental Petroleum are the most sensitive to oil prices in his coverage area.
Recent exploration in a new area revealed estimated oil and gas reserves of 3 billion to 15 billion barrels.
The same situation exists in many oil producing nations in the area.
FORBES: Saudi Regime Isn't The Culprit NYT's Friedman Claims, Says Prince Alwaleed
The area's oil pipeline infrastructure alone could cost massive sums to repair.
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.
In the interim, the government had included the area in an oil and gas concession now held by a consortium involving Canada's Talisman Energy, Brazil's Petrobras and Spain's Repsol.
ECONOMIST: A scramble for land sets investors against locals
According to a web tool that puts the slick over your home region, the vast area of surface oil is now bigger than Massachusetts, Connecticut and Long Island combined.
The area where the oil was found lies over 248 miles off the coast of New Orleans and is one of the newest discoveries in the Gulf since it opened for business again in March, post-BP oil spill of 2010.
The oil spill has also rejuvenated a campaign by environmental groups and native coastal villagers to reduce the area of the Arctic open to oil exploration and overhaul drilling regulations.
South Oil Co. is already producing oil from wells in the same area and plans to expand.
Ecuador, a member of the Bolivarian Alliance, is one of the largest recipients of Chinese investment, particularly in the area of mining and oil.
CENTERFORSECURITYPOLICY: Questionable Chinese mining practices in Latin America
Moreover, Brazil is one of the few countries in the world that is self-sufficient in oil and has the largest farmable area in the world.
应用推荐