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

More Press Releases

Netflix raising prices for 58M US subscribers as costs rise

Jan 16, 2019

SAN FRANCISCO — Netflix is raising its U.S. prices by 13 to 18 percent, its biggest increase since the company launched its video streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per month from $11. That option offers high-definition streaming on up to two different internet-connected devices simultaneously. Even at the higher price, that plan is still a few dollars cheaper than HBO, whose streaming service charges $15 per month. The extra cash will help to pay for Netflix's huge investment in original shows and films and finance the heavy debt it...

Effervescent 'Hello, Dolly!' icon Carol Channing mourned

Jan 16, 2019

NEW YORK — Tributes from stars like Kristin Chenoweth and Bette Midler poured in to honor the life and career of Carol Channing, the three-time Tony Award-winning musical comedy star who delighted American audiences over 5,000 performances as the scheming Dolly Levi in "Hello, Dolly!" on Broadway and beyond. She died Tuesday at 97. Publicist B. Harlan Boll said Channing died of natural causes at 12:31 a.m. Tuesday in Rancho Mirage, California. Boll says she had twice suffered strokes in the last year. Besides "Hello, Dolly!," Channing starred in other Broadway shows, but none with equal magnetism. She often appeared...

Satisfaction: Rolling Stones to headline 50th Jazz Fest

Jan 16, 2019

NEW ORLEANS — The New Orleans Jazz and Heritage Festival has got satisfaction: The Rolling Stones are among the headliners for the 50th anniversary festival. Organizers on Tuesday confirmed reports that Mick Jagger and his band will play. Also headlining the 8-day event, which runs April 25-28 and May 2-5, are Katy Perry, the Dave Matthews Band, Al Green, Pitbull, Santana, Jerry Lee Lewis, Aaron Neville and gospel great Shirley Caesar. "Fifty years is very rare and to be here, still, just as strong, just as relevant is amazing," festival producer Quint Davis said. "For the Rolling Stones and Katy...

Bruce Springsteen surprises Irish pub patrons in Boston

Jan 16, 2019

BOSTON — Bruce Springsteen made an unexpected visit to a Boston pub last week. Tommy McCarthy, owner of The Bebop, says Springsteen walked into the bar with his wife and another woman to spend some time listening to a local performer playing Friday evening. McCarthy tells The Boston Globe that Springsteen enjoyed the music and had a few drinks before he went on his way. McCarthy says the Boss told him he'd like to stop by again sometime. It was unclear why Springsteen was in Boston, although his son once attended Boston College. The Bebop is close to Berklee College...

Sofia Coppola, Bill Murray to reunite for 'On the Rocks'

Jan 16, 2019

NEW YORK — Sofia Coppola and Bill Murray will reunite 16 years after the Oscar-winning "Lost in Translation" in the splashiest feature film yet announced by Apple. A24 said Tuesday that Coppola's "On the Rocks" will be the indie studio's first project under its joint deal with Apple, which is pushing into original content. The New York-set film stars Rashida Jones as a young mother who reconnects with her larger-than-life father, to be played by Murray. "Lost in Translation" earned Coppola an Oscar for best screenplay and numerous nominations including Murray for best actor. Coppola also directed Murray in the...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Contact us: sales@reppass.com

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases