The gas comes up with the oil pump from Prudhoe Bay, but it's been re-injected back into the ground for decades.
But the fact remains that oil giants are struggling to pump more oil and gas.
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Premier Oil is just one of the companies about to pump oil out of the South Atlantic and there could be huge opportunities for service industries based in Argentina, just 500 miles (800km) away.
When an offshore oil rig is outdated, or can no longer cost-effectively pump oil, most countries require that the oil rigs be wholly decommissioned.
But the most controversial provision is the part that would pump oil from the refuge.
Three consortia are preparing to pump oil from fields off Sakhalin.
More than ten years of sanctions has meant that Iraq found it virtually impossible to get its hands on vital equipment needed to pump oil efficiently.
Crude oil prices are trading weaker Wednesday, amid market reports OPEC will pump more crude oil amid falling world demand due to higher prices.
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Personnel at Alyeska Pump Station 1 discovered oil leaking into the station's booster-pump building on Saturday morning at 8:15, according to Michelle Egan, a spokeswoman for Alyeska.
President George Bush was also unable to convince Saudi Arabia to pump more oil.
Officially Strezhevoy was founded in 1966, when they first began to pump the oil out.
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The Security Council has allowed Iraq to pump more oil but America and Britain veto many contracts for new oil equipment.
Too many wells release the natural pressure in the field, like fizz from a soda can, and it becomes too expensive to pump the oil out.
While its shares are lower by almost 2% after Saudi Arabia said it would pump more oil, investors appear willing to buy Anadarko paper yielding 181 basis points over treasuries.
Smit, which in charge of salvaging Prestige before it sank, said the operation - to pump the oil back to the surface - would cost nearly 50m euros and take several months to complete.
It has lasted for much longer than expected, in part because there was more around than had been thought, but also because technological advances made it more profitable to pump out oil that had been difficult to get at.
Crude oil prices are trading lower early Monday, on some market reports Saudi Arabia may lead an effort for OPEC to pump more crude oil amid falling world demand due to higher prices.
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"I understand we need to pump our own oil, our own gas, " Horton said.
Then this drop in oil prices and at the pump is a really good thing for them.
General scepticism about OPEC's ability to pump any more oil has also put upward pressure on the price.
But OPEC is split into two camps, those with spare capacity (of which Saudi Arabia controls 70%) and those that cannot pump any more oil.
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It is powered by an engine which drives a hydraulic pump to send oil under high pressure around its plumbing in order to animate its limbs.
They may be tempted to go it alone and pump even more oil in order to keep prices in check before a rise in seasonal demand.
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Iraq cannot pump as much oil as the agreement allows it to sell, and though it now has a bit more food, it cannot purify its water.
And if Petrobras ever does utilize the loan facilities provided by the Export Import Bank, it is good for US companies who will get orders for goods and services, and good for Petrobras who will use those goods and services to pump out more oil for Brazil, and the world.
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The specific things that make oil companies successful are in how to prospect for, find, drill for, pump up, refine and sell oil.
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Refining-capacity constraints will keep gas prices up at the pump and for heating oil.
Expect a greater degree of growth in this area with the arrival of peak oil and higher prices at the pump.
The working group was first set up last year when we saw a spike in oil prices and prices at the pump for Americans.
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