On his watch, he says, the number of operating oil rigs has quadrupled and production has reached an eight-year high.
The White House also knows BP is currently operating under the Oil Pollution Act, a piece of legislation passed in 1990 by a Democratic Congress.
He said he was in frequent contact with top executives from oil companies operating in Libya to assure them their contract with the country's national oil company would be upheld.
Further, a number of ethanol plants are not operating because of Big Oil's refusal to blend more ethanol.
The company has been growing substantially and appears to be interested in acquiring a 33.3% stake in Galp, a Portuguese oil firm operating off the Brazilian coast.
Vittorio Mincato , chief executive of ENI (nyse: E - news - people), announced his company has won the operating rights at an oil conference in Houston today.
The ongoing debate between western oil companies operating in Kazakhstan and the government on the terms of production agreement spilled into the open yesterday at a conference on investing in Kazakhstan in New York City.
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His immediate problem is the Niger Delta, the source of almost all of Nigeria's oil wealth and the battleground for numerous local wars, with rival groups fighting for resources and the largesse of the big oil companies operating there.
We've got more oil rigs operating.
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Stocks of oil and gas companies operating in the Gulf Of Mexico have been under pressure lately, as a result of the BP Deepwater Horizon oil disaster.
The first phase of the pipeline began operating in 2010, and moved oil from Alberta to Illinois.
Pan American Energy is an oil and gas company operating mainly in Argentina.
It was the only company operating in Ogoniland, and no oil has been pumped there since, yet the locals continue to complain of oil spilling from the maze of pipes criss-crossing their land.
As part of the deal, as much as 7% of U.S. government revenue collected from oil and gas companies operating off our coast will be forked over to ISA for redistribution to poorer, landlocked countries.
To be effective, the Panel will need to work hard to gain the trust and respect of key stakeholder groups including local communities, state governments, the federal government, NGOs, Shell Nigeria itself, and hopefully as well the other oil and gas companies operating in the region.
Easing oil prices, apart from triggering sales, will also help these companies gain back some lost operating margins on the account of high cotton and oil prices.
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Managing director Inglis Lyon said operating conditions were tough due to high oil prices and global credit issues.
The sanctions also limit any new investment by the international oil giants who are already operating in Iran.
International oil and diamond companies, operating concessions awarded by the government, are growing twitchy at the threat of attack.
Although the company has grown its oil and gas production and operating cash flow, it has taken a lot of new debt and common equity raising to accomplish these growth objectives.
That means the state-owned oil companies and large companies operating in the region either need to find new fields and basins or apply new technology to get more out of established ones.
In Iran, Lundin reportedly maintains a 30% non-operating interest in the country's Munir oil block in the Khuzestan region.
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Industry participants disagree on how much oil is needed to keep the pipeline operating.
Using less electricity, using less oil or using less water helps keep operating costs lower which allows Wal-Mart to keep prices down.
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As in Chesapeake's deals with Cnooc, Devon's pact with Sinopec allows the American company to keep full operating control as well as control over sales of oil and gas from the wells.
Amoco Eurasia is a leading member of the Azerbaijan International Operating Company (AIOC) consortium developing Azerbaijan's oil reserves.
Dana holds a 59% operating interest in Platypus, which was discovered by the oil and gas explorer in 2010.
In turn, CNPC is a Chinese government company and the largest shareholder (40%) in the Sudanese government's oil joint venture, the Greater Nile Petroleum Operating Company (GNPOC).
British oil company BP, one of the firms operating the rig, has not been able to activate a device known as a blow-out preventer, designed to stop oil flow in an emergency.
Mitsubishi Oil, the seventh-biggest refiner, expects operating losses for the second year in a row.
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