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Home Categories Energy Trading The 1979 energy crisis was one of two oil price shocks in the 1970s - the other was in 1973. Category 3P oil reserves represent the total amount of estimated reserves, including all proved and unproved reserves to which the company has access. The Direct Participation Program, or DPP, offers investors access to business cash flow and tax incentives. Refining operations are processes associated with the transformation of oil and gas into final products. The energy sector includes corporations that are primarily engaged in the production or supply of energy such as fossil fuels or renewable energy. Estimated ultimate recovery (EUR) refers to the potential production expected from an oil well or field. Mining regulations allow oil, gas and minerals miners to renew land leases after they expire while mines are still productive. Hydrocarbons are chemical compounds that are used as the basis for the vast majority of the world’s energy production. The Keystone pipeline was proposed by TC Energy (formerly TransCanadian Corp.) in 2005 to transport new hard-to-recover heavy oil deposits from the oil sands in Canada to US refineries. MCF is an acronym that combines the Roman numeral M, which stands for thousand, with the term cubic feet (CF).