Seven of the final 10 teams doubled the standard oil recovery rate of 1, 100 gallons per minute.
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"It is telling that the Department of Justice's charges against Kurt Mix surround efforts to cover up the fact that BP's public estimates of the oil flow rate were far lower than the actual flow rate, " the group said in a statement on the arrest.
Gibbs sold off his second-rate oil and gas fields and renamed the company.
But five weeks after the Deepwater Horizon drilling rig sank, it seems possible that the rate at which oil is going into the ocean, if not the rate at which it is coming out, might be coming under control.
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Economist suggests going short on oil and buying interest rate sensitive stocks.
The majority of analysts (56.3%) rate Marathon Oil as a buy.
Mix and other engineers had worked tirelessly to calculate the flow rate of oil from the Macondo Well in order to develop a means of stopping the spill.
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With the continued investment of world oil, the U.S.A. and Canada, the oil sands would be able to supply North America with over 300 years of oil at todays consumtion rate.
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For some months Saudi Arabia has been pumping oil at its fastest rate in 30 years to make up for Iranian crude lost to American and European sanctions, which officially started on July 1st.
"While it appears likely that the observed seismicity rate changes in the middle part of the United States in recent years are manmade, it remains to be determined if they are related to either changes in production methodologies or to the rate of oil and gas production, " wrote David J.
With lower oil quotes, our inflation rate is containable, consumer sentiment stays strong, savings rates run low and personal consumption expenditures grow between 2 and 3 percent as does GDP.
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Oil continued flowing at the rate of about 5, 000 barrels per day into the Gulf of Mexico on May 3, following the April 20 explosion at the Deepwater Horizon rig south of the Mississippi Delta that caused it to sink and left its well leaking oil.
Shell's production of oil has been dwindling at a rate of 7% a year.
The testing was done with petrochemicals in water (to replicate oil spills), and the rate of chemical uptake is the highest they've seen.
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In France, consumer prices jumped in May by 0.7% because of rising food prices and resurgent oil prices, lifting the annual rate by half a percentage point.
In Angola technocrats negotiating the latest round of big oil contracts have driven the tax rate to close to 80%, according to international contract expert Gordon Barrows of Barrows Co.
In Saudi Arabia, holder of the world's largest proven oil reserves, the youth jobless rate is right near the regional average, despite a half trillion dollar diversification package from King Abdullah.
The authorities reckon that the oil may be flowing at a rate of 60, 000 barrels a day far more than the company estimated, and the equivalent of an Exxon Valdez every four days.
In the recent past, Exxon has added considerably more natural gas than liquids to its reserves, with the demand for natural gas expected to increase at a faster rate than for crude oil.
The oil-extraction from coffee bean rate, now at 92% to 94%, means the project will begin next year, and this year's harvest will be affected, as coffee bean supplies are built up in anticipation.
The rate of growth of oil production this year has crawled nearly to a stop and experts predict an imminent and massive decline in gas production and exports due to insufficient investment in the industry.
Steve Hodge, treasurer of Shell, an Anglo-Dutch oil giant, says that a difference of only one percentage point in the discount rate can change the value of, say, an oil refinery with a 15-year life by hundreds of millions of dollars.
Days later, we learned that not only was oil still leaking, but that the rate of flow was more like 5, 000 barrels per day.
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In oil refining, the injury and illness rate was 1.1 per 100 full-time workers versus 4.4 per 100 for the U.S. manufacturing sector overall.
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China's Sinopec's deal to develop the Yadavaran oil field is being delayed because the rate of return Iran offered the Chinese was too low.
Chevron's admission that a spill from a high-pressure Shetland oil well could leak at a higher rate than BP's Macondo well (1, 500 metres below the surface) didn't help.
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It is possible that the designer method can overcome some of the drawbacks involved with making fuel from algae, namely robustness and competitiveness of particular strains over other organisms, enhanced growth rate and yields of algal oil.
Since we started three years ago keeping the scorecard of the most recent 12-months' closed out recommendations from Block Traders' Oil and Gold Monitor, the annual rate of gain has dipped down into the high 20%'s only once.
Initial reports said oil was leaking into the Gulf at a rate of 1, 000 barrels per day.
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It is confined to iron ore and coal, and charges a lower rate than an existing tax on oil and gas.
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