Konstantinos Kazinakis of United Bunkers Investors Corporation Suggests a Hopeful Future for Oil and Gas

One of the most dramatic changes in the oil and gas industry has been in the improved efficiency of gas flaring.

Toronto, Ontario, Canada - February 14, 2018 /MarketersMedia/ —

While oil and gas companies continue to be in high demand worldwide, many fear the future of the industries are unclear because of their high negative impact on the environment. However, some believe there is hope to develop cleaner emissions and safer extraction that ensures all parties will feel comfortable investing in the goods. Petroleum expert and Chief Operating Officer of United Bunkers Investors Corporation, a Toronto-based oil trading group, Konstantinos Kazinakis has examined some of the industry’s newest and most promising efforts to remain good environmental stewards.

One of the most dramatic changes in the oil and gas industry according to Konstantinos Kazinakis, has been in the improved efficiency of gas flaring, a necessary component of production. With their interest in advancing sustainability, the global oil industry joined with the World Bank to form the Global Gas Flaring Reduction Partnership which has set the ambitious goal of zero flaring by 2030. The project has already produced dramatic changes. Between 2005 and 2010, the flaring of gas was cut worldwide by 22%, from 172 billion cubic meters to 134 bcm. Even with this substantial change, at the end of 2011, it was estimated that flared gas accounted for 150 × 109 cubic meters worldwide, which is equivalent to about 25% of the annual natural gas consumption in the United States or about 30% of the annual gas consumption in the European Union. If it were to reach market, this quantity of gas would be worth $29.8 billion USD, proving that sustainability can also be profitable, says Kazinakis.

A second major development is in the area of hydraulic fracturing, commonly called “fracking,” which is the technique for recovering gas and oil from shale rock through the use of high pressure water, sand and chemical injections deep underground. The innovative process has resulted in an exceptional supply of clean-burning natural gas, which has been dramatically changing transportation and power generation around the world. An exciting new process invented by GE, uses a technology called “membrane distillation” which combines heat and decreased pressure to vaporize water using membranes that separate pure water vapor from salt water, making fracking an increasingly clean and viable extraction process. “Once this technology is scaled-up, GE’s membrane distillation has the potential to significantly reduce water issues right at the drilling sites,” explains Kazinakis, “In terms of sustainability, this would prove an exponential evolution for the gas and oil industry, and one particularly applicable to the unique environmental needs of the U.S. Marcellus Shale deposit.”

With over 21 years of industry experience, the Chief Operating Officer for United Bunkers Investors Corporation, Konstantinos Kazinakis, and Mr. Osama Eissa Chairman & CEO of United Bunkers Investors Corporation takes a particular interest in the management of overall trade financing and commodity trading, handling nearly $1.5 billion in assets. Kazinakis’ particular expertise is in company debt restructuring and equity investments - both important to the oil and shipping companies. United Bunkers Investors Corporation is supported by Financial Technology trade financing platform for a high technology solution to the global trade finance market, which is worth more than $ 4 Trillion US dollars a year, the gap is currently around $1.4 Trillion for the innovation in making trade financing more efficient and to protect against all risk.

Konstantinos Kazinakis - United Bunkers Investors Corporation: http://konstantinoskazinakisnews.com

Konstantinos Kazinakis of United Bunkers Investors Corporation Examines Investment Security Measures for Today's Markets: http://finance.yahoo.com/news/konstantinos-kazinakis-united-bunkers-investors-032700698.html

Konstantinos Kazinakis - United Bunkers Investors Corporation - Predicts Improved Performance in Transportation of Global Goods: http://finance.yahoo.com/news/konstantinos-kazinakis-united-bunkers-investors-012200621.html

Contact Info:
Name: KKN
Email: contact@konstantinoskazinakisnews.com
Organization: KonstantinosKazinakisNews.com

Source URL: https://marketersmedia.com/konstantinos-kazinakis-of-united-bunkers-investors-corporation-suggests-a-hopeful-future-for-oil-and-gas/300907

For more information, please visit http://www.KonstantinosKazinakisNews.com

Source: MarketersMedia

Release ID: 300907

Latest News

Borneo's orangutan population plunged by 100,000 since 1999

Feb 21, 2018

JAKARTA, Indonesia — The most comprehensive study of Borneo's orangutans estimates their numbers have plummeted by more than 100,000 since 1999, as the palm oil and paper industries shrink their jungle habitat and fatal conflicts with people increase. The finding, which is to be published in the journal Current Biology, is in line with the International Union for Conservation of Nature's 2016 designation of Borneo's orangutans as critically endangered. Researchers from the Max Planck Institute for Evolutionary Anthropology and other institutions said the original population of the gentle ginger-haired great apes is larger than previously estimated but so is the...

Skulls in the mail: Indonesia foils artifact smuggling

Feb 21, 2018

BALI, Indonesia — Customs officials on the Indonesian tourist island of Bali said Friday that they've foiled an attempt to mail 24 elaborately decorated human skulls to the Netherlands. The Customs Department said that cartons containing the skulls were intercepted on two separate dates in January. The skulls are believed to be culturally-significant artifacts from other parts of Indonesia. They were labeled as manufactured from synthetic materials but found to be human after being examined by experts from the Balinese Cultural Heritage Conservation Center. Customs official Ni Aniek said the skulls are probably from Papua, a Melanesian region that makes...

US pitches arms sales at Asia's biggest air show

Feb 21, 2018

SINGAPORE — The top U.S. diplomat overseeing arms sales said Wednesday she sees keen interest in American weaponry in Asia, where China's military footprint and political influence are surging. Ambassador Tina Kaidanow was part of a large U.S. delegation to the Singapore Airshow, the largest in the region, and urging Southeast Asian governments to purchase U.S.-made arms like the F-35 fighter jet. Two F-35B fighter jets, belonging to the U.S. Marine Corps and made by Lockheed Martin, made their debut Tuesday at the air show. The jets can take off from a short runway and land vertically. "It's been great,...

ASEAN renews calls for durable solution to Rohingya crisis

Feb 21, 2018

SINGAPORE — Southeast Asian foreign ministers renewed calls Tuesday for a durable solution of the Rohingya crisis in Myanmar, and affirmed the need to enhance trust to resolve disputes in the South China Sea. Ministers from the 10-member Association of Southeast Asian Nations also called for the speedy and safe return of displaced people to Myanmar following an agreement signed between Yangon and Bangladesh in November. They also stressed the need to find a "comprehensive and durable solution" to address the root causes of the conflict but acknowledged there is no quick fix, Singapore Foreign Minister Vivian Balakrishnan said after...

Malaysia, Singapore to set up trade link for stockmarkets

Feb 21, 2018

KUALA LUMPUR, Malaysia — Malaysia and Singapore regulators said Tuesday the two countries will establish a link to connect their stock markets by the end of the year to cut trading costs and woo cross-border investments. The 'Malaysia-Singapore Connect' will allow investors to trade and settle shares listed on each other's stock market in a more convenient and cost efficient way, benefiting retail investors, the Monetary Authority of Singapore and the Securities Commission Malaysia said in a joint statement. The initiative might be expanded later to include other stock markets in the region, the statement said. It was unclear how...

About Us

Pioneered by experienced entrepreneurs, bankers and software engineers, BursaKL stand tall to bring you the latest state of business and finance from Malaysia and all over the world.

Contact us: sales@bursakl.com