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

Kosovo celebrates decade of independence, challenges ahead

Feb 20, 2018

PRISTINA, Kosovo — Kosovo is celebrating 10 years of independence from Serbia in two-day festivities that started Saturday amid reminders of the obstacles to the country's full acceptance. President Hashim Thaci said during a panel at the Munich Security Conference that his country's decade-long history was "a story of success," but he lamented the European Union's lack of unity over Kosovo's status as a membership candidate. "We are not yet a member of the U.N., while our journey to the EU is far too complicated," Thaci said. Five of the 28 EU member countries haven't recognized Kosovo's independence. Thaci said...

Italy's ex-premier Berlusconi campaigns against populism

Feb 20, 2018

ROME — Media mogul Silvio Berlusconi jumped into politics a quarter-century ago vowing to save Italy from the communists. Now he's waging a crusade to keep Italian populists out of the government. To be clear, the 81-year-old Berlusconi cannot seek his fourth premiership or even run for a seat in Parliament in Italy's March 4 election due to a tax fraud conviction. But he won't let himself be stopped by that — nor by years of sex scandals or a long list of criminal trials. And he is ignoring the toll that time has taken on his body, which has...

VAR help can't prevent Lazio from 2nd straight defeat

Feb 20, 2018

ROME — Even with help from the video assistant referee, Lazio lost for the second straight week in Serie A. Diego Laxalt leaped above Lazio defender Patric to score with a bouncing header in injury time as Genoa won 2-1 at the Stadio Olimpico. Ten minutes earlier, Laxalt thought he had already scored the go-ahead goal but the score was waived off after video replays showed the Genoa midfielder used his hand to control the ball before scoring. The decision came eight days after Patrick Cutrone controversially scored in AC Milan's 2-1 win over Lazio after the VAR failed to...

Movie star Jolie working with NATO to combat sexual violence

Feb 20, 2018

BRUSSELS — Movie star Angelina Jolie says she and NATO's chief have agreed on ways to help the military alliance better combat the use of sexual violence against women and children in conflict zones. Jolie said Wednesday that wherever sexual violence occurs "peace is far harder and far more costly to achieve. It therefore has a direct bearing on NATO's efforts to protect stability." Speaking after a meeting with NATO Secretary-General Jens Stoltenberg in Brussels, she said: "We are going to focus on training, reporting, monitoring and awareness as a way of ending impunity." Jolie, a special envoy for the...

Milan line offers canine couture for pampered pooches

Feb 20, 2018

MILAN — Milan has long been the world's ready-to-wear fashion leader. Now, dogs are getting in on the Italian city's sartorial scene with a new line of haute couture for canines. Dog a Porter, by the Milan brand Temellini, offers clothing custom-fit for different breeds, ranging from the tiny Chihuahua to the stately greyhound. The line includes cashmere knits, nylon bomber jackets with tiny arms, Sherlock Holmes-style capes and lined raincoats. The capes cost 170 euros ($208) and synthetically filled hooded parkas go for 210 euros ($256) to reflect the extra time it takes to get the fine stitching on...

Sign up now!