+1 (403) 630 4355 This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act ), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Cautionary Statements Statements in this press release may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.
Crude oil production in Alaska has fallen to its lowest level of production in 44 years. According to the Energy Information Administration (EIA), a statistical office that collects, analyzes and [.]
Oil, steel companies divert 4k MT of oxygen to hospitals Top Searches Oil, steel companies divert 4k MT of oxygen to hospitals TNN / Updated: Apr 26, 2021, 14:54 IST FacebookTwitterLinkedinEMail NEW DELHI: The oil and steel sectors are diverting close to 4,000 metric tonnes (MT) of liquid oxygen to hospitals treating coronavirus patients on a daily basis, accounting for over 60% of the 6,600 MT currently available in the system. “The message has gone to companies to ensure transportation and augmentation of supplies in whatever way possible. Refineries and steel plants have maximised the production of liquid medical oxygen (LMO) by reducing their own demand for industrial use,” petroleum and steel minister Dharmendra Pradhan said.
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Sulfur can almost always be found in feedstocks and petroleum products. 1 As it is thought to be an undesirable contaminant that results in the formation of harmful pollutants like sulfur oxides, it is typically removed during crude oil processing. Image credit: industryviews/Shutterstock.com While the removed sulfur can be utilized to synthesize other chemicals, like sulfuric acid, crude oil that has a high sulfur content usually has a lower monetary value and is often known as ‘sour crude.’ The lower value denotes the higher costs which come with refining crude oil with this chemical composition. The sulfur content can cause further expenses through damage to refinery equipment as it can also prove corrosive.
Oil Prices May Have Peaked For Now forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.