Other oil companies did a better job of coping with the scarcity of new oilfields.
His sales staff cold-called potential investors and sent them prospectuses promising access to "secret" oilfields.
The gambles have often paid off with discoveries of massive oilfields that boosted profits.
Fifty years ago oilfields were discovered in the area mainly occupied by indigenous peoples.
And, of course, Italy lies conveniently close to foreign oilfields in Algeria, Libya and the Mideast.
Venezuela has also vetoed foreign investment in certain oilfields, saying their production costs are too high.
Global production from mature oilfields is falling by between 2% and 6% a year.
Hundreds of people work up on the oilfields and essentially make a many hundred mile, if not thousand-mile commute.
Construction of a new pipeline from East Siberian oilfields to the Pacific has begun.
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Several oilfields were damaged by fighting that peaked between the two sides in April.
Most foreign investment in Africa still goes to oilfields or mines, rather than factories, services or farming.
Cnooc is currently in the hunt for oilfields off the coast of Ghana, vying with ExxonMobil and BP.
Unsure whether he wanted to hang around oilfields, Brumley looked into banking but didn't find anything he liked.
Just to the east of the town, for example, are the Chinese-run oilfields around the town of Heglig.
But Iran needs the gas for domestic consumption and to pump into existing oilfields to keep the crude flowing.
In the past couple of decades these national oil companies have claimed the best acreage in most old oilfields.
This cushion should expand further over the next couple of years, as production starts from oilfields now being developed.
Apache's employees are old pros at wringing more oil out of aging oilfields.
Oilfields and natural CO2 reservoirs are not like MLP-style toll roads at all.
The key to the Caspian is the distribution of oilfields across the seabed.
He sold off the oilfields and filled in the remaining shell with a gold mining company, renaming it Royal Gold.
Right now Plank is trying to sell other companies on letting Apache manage their oilfields, instead of buying them outright.
But many issues remain unresolved, including border disputes and disagreements over oilfields, transport payments and divisions of the national debt.
Hitherto, the government had merely said that the companies should cede a 51% stake in the oilfields themselves, not the refineries.
By contrast, China's state-owned oil companies have no direct interest in Angolan oilfields, one of their two biggest sources of crude.
It sits astride a Russian pipeline running from the oilfields of the Caspian Sea to the ports of the Black Sea.
What does it mean for those three communities that are populated to a large extent by all those people who work in the oilfields?
He is proud of having been a youthful deckhand on an Arctic salvage boat and a roustabout in the Alberta oilfields.
Maridive, an offshore-oil-services contractor founded by an ex-navy commando and a petroleum engineer, built its expertise in Egypt's Gulf of Suez oilfields.
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After the war he got Hess into pipelines and refineries and oilfields.
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