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

Other Press Releases

NBC hypes figure skating showdown between 2 Russians

Feb 23, 2018

NEW YORK — Highlights from media coverage of the Pyeongchang Olympics: FIGHT TO THE FINISH: It was the "showdown everyone's been waiting for," analyst Tanith White said. "Brass knuckles under velvet gloves," Johnny Weir said. NBC practically panted in its effort to make the competition between Russians Evgenia Medvedeva and Alina Zagitova into the figure skating equivalent of Ali vs. Frazier. It was the expected champion (Medvedeva) against the impatient 15-year-old understudy (Zagitova). After two skates that Weir called "the most heartbreakingly beautiful ladies' competition I have ever seen," even NBC's seemingly inseparable pair was divided. "My bet is on...

Hearing set on if US will seize assets of 'Pharma Bro'

Feb 23, 2018

NEW YORK — "Pharma Bro" Martin Shkreli is due back in court Friday for a hearing about whether he should forfeit millions of dollars in assets including a one-of-a-kind Wu-Tang Clan album as part of his conviction in a securities fraud scheme. Prosecutors are expected to argue in federal court in Brooklyn that Shkreli is on the hook for more than $7 million. Along with the Wu-Tang Clan "Once Upon a Time in Shaolin" album that Shkreli has boasted he bought for $2 million, prosecutors have said he should give up $5 million in cash in a brokerage account, his...

Weinstein apologizes to Streep, Lawrence for lawyers' words

Feb 23, 2018

LOS ANGELES — Harvey Weinstein apologized to Meryl Streep and Jennifer Lawrence after his lawyers cited them in asking a court to dismiss a sexual misconduct lawsuit. A spokeswoman for the disgraced movie mogul said Thursday that Weinstein has also directed his legal representatives not to use specific names of actors and former associates in the future. Lawyers for Weinstein argued in a filing, in which they quoted previous remarks made by Streep and Lawrence, that a proposed class-action lawsuit filed by six women should be rejected. Weinstein's attorneys cited Streep as having previously said that Weinstein wasn't inappropriate with...

Protesters ousted from sacred site where Elvis filmed movie

Feb 23, 2018

HONOLULU — State sheriffs on Thursday removed protesters from the ruins of a Hawaii hotel where they have been squatting since last year in an attempt to block redevelopment of land where Hawaiian chiefs once lived and where Elvis Presley's character got married in the movie "Blue Hawaii." The Hawaii Department of Public Safety said in a statement Thursday that state sheriffs arrested 23-year-old Mahealani Hanie-Grace for trespassing at Coco Palms on Kauai. The protest began when two men arrived claiming they owned the property because they descend from King Kaumualii, the last ruler of Kauai. They've been joined by...

Man who admitted Hawaii concert scam wants plea change

Feb 23, 2018

HONOLULU — A North Carolina man who admitted defrauding the University of Hawaii of $200,000 by lying about being able to produce a Stevie Wonder fundraiser concert wants to take back his guilty plea, but a prosecutor said Thursday he could risk more jail time if he succeeds and is eventually convicted. Marc Hubbard had been scheduled to be sentenced in federal court in Honolulu Thursday but filed a motion to withdraw his plea a day earlier. He pleaded guilty in 2016 to wire fraud, saying he lied about his ability to secure Wonder for a concert. In 2012, the...

Hollywood in five is your 5 minutes read of Hollywood news with continual updated coverage.

Contact us: sales@hollywoodinfive.com