Sentences with phrase «in oil royalties»

How much do we stand to lose in oil royalties and taxes if this pipeline doesn't go through?

Not exact matches

LNG development also has strong political support in B.C. — all three major parties favour it in principle — because, unlike oil from Alberta, it would almost certainly result in higher royalty revenues.

Third, the government of Alberta takes bitumen (and conventional oil and gas) royalties in kind, and their responsibility is to market those products to maximize the value to Albertans.

Petrobras's participation in the ultra-deep water oil business remains mostly passive and is viewed by the oil industry as another form of royalty payment to the state.

The federal government wants to distribute more of the oil royalties evenly across all the states in Brazil, instead of the lion's share going to states on the coast where the drilling occurs.

Franco - Nevada Corp. (FNV: $ 44.16) A royalty company that buys interests in a diversified range of gold mines as well as interests in oil and gas and other assets.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Cuts to the highest per - capita spending in Canada will doubtless be part of the budget Premier Alison Redford unveils on March 7, but a shortfall on the revenue side, namely oil and gas royalties, has prominent Albertans calling for a more stable source of funding: a provincial sales tax.

In a characteristic jab at his less energetic Asian neighbors, he explains: «We haven't got oil and minerals on which other people have to pay royalties.

Smith then added up what the «under - appreciated» oil and gas sector contributes in taxes and royalties.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

In an attempt to deter Soviet influence in the Middle East in the 1950s, the State Department backed a Saudi Arabian accounting maneuver that reclassified the royalties charged by foreign governments to American oil drillerIn an attempt to deter Soviet influence in the Middle East in the 1950s, the State Department backed a Saudi Arabian accounting maneuver that reclassified the royalties charged by foreign governments to American oil drillerin the Middle East in the 1950s, the State Department backed a Saudi Arabian accounting maneuver that reclassified the royalties charged by foreign governments to American oil drillerin the 1950s, the State Department backed a Saudi Arabian accounting maneuver that reclassified the royalties charged by foreign governments to American oil drillers.

While falling oil prices spurred discussion of a provincial sales tax to help plug the hole in the province's royalty revenues, Alberta needs to consider more consequential measures.

The Canada Pension Plan Investment Board was busy acquiring everything from real estate to power, oil and gas, and future royalties in a cancer drug, Venetoclax, while the Caisse de dépôt et placement du Québec joined forces with Suez to buy General Electric Co.'s water and process technologies business for US$ 3.4 billion.

There are also additional hidden expenditures already on the table such as royalty relief programs for Enhanced Oil Recovery (EOR) which effectively use oil in the ground to pay for CCS over and above the $ 2 billion CCS fuOil Recovery (EOR) which effectively use oil in the ground to pay for CCS over and above the $ 2 billion CCS fuoil in the ground to pay for CCS over and above the $ 2 billion CCS fund.

Evan Solomon: The government of Alberta, they point to these statistics: the oil sands creates $ 307 billion in tax revenue, $ 187 billion for the federal government, 23 % of employment is from oil sands, 7 % of employment in Canada from the oil sands and in Ontario alone, 7 %, they say, of employment comes from the oil sands and they say royalties of $ 1.9 billion fund programs across the country.

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shippeIn the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shippein turn implies lower profits, taxes, and royalties on the products shipped.

«Just like in our royalty plan, the panel has found that Albertans are getting a fair share from oil and gas royalties, and that our royalties today are globally competitive.

Like the Tories that ruled Alberta for nearly 44 years, Mr. Wall's party never saved anything from the resource boom in his province, and the recent decline in oil prices has left both provinces in a royalty bind.

Over the past four years the Wildrose has excelled at using wedge issues like oil and gas royalties and property rights to drive the political agenda in Alberta.

When oil prices drop and natural resource royalties are low, our artificially low tax rates are unrealistic if we want to sustain the public services that contribute to the high quality of life we enjoy in Alberta.

The PC Party has released some radio ads and its supporters in corporate Calgary, like oil company CEO Brian Ferguson, have spoken out against the NDP proposal to review natural resource royalties.

Ms Notley replied that the royalty review did not cause the international drop in oil prices (she's right, Alberta may think it's the centre of the oil universe, but it's not OPEC), and the commission would be a transparent forum to ensure Albertans get the best value for their natural resources.

My friends in the industry say this is a ludicrous oversimplification for a number of reasons including (1) Kenney's valuation is based on what he called the «current global market value» ($ 60 / barrel) which doesn't apply to bitumen, (2) he hasn't included the cost of extraction or the fact producers would never dump that much oil onto the market at once and (3) Albertans only get royalties, not the entire amount.

Alberta has a revenue problem and if we should have learned anything since the international price of oil collapsed in 2014, it is that we should not depend on royalty revenues from oil and gas to fund the day to day operations of our public services.

The savvy Canadian is the co-founder and chairman of Toronto based Franco - Nevada (FNV 94.06 1.61 %) and pioneered the royalty business model in the gold mining sector based on the model used in the oil - and - gas industry.

There is, however, the beginning of a renaissance in Kuwait and Bahrein because of the wealth brought by oil royalties.

Indeed, at 24 per cent in 2012, it is considerably lower even than the ETR observed for the fifth North Sea hydrocarbons producer, the German Federal Land of Schleswig - Holstein, whose government has been increasing the statutory royalty rate in line with rising oil prices in recent years — from 12.5 per cent in 2003 to 21 per cent as of the time of writing — with the result that the ETR in the German sector of the North Sea in 2012 came to 33 per cent.

Since the 15 - year period of for non-payment of royalties expired in June 2014 the should collect arreas of royalties running to hundreds of million of dollars owed by the oil and gas companies operating in the area.

He sponsored legislation to ensure that states and tribes have a say in changes to federal coal, oil and gas royalties or leasing policy.

They both also have pensions and will collect Social Security in two years and receive a monthly royalty from an inherited oil partnership.

Overriding royalty interest: In an oil and gas program, a compensation arrangement giving the general partner a percentage of the gross income, on top of the other royalties.

Royalty income is classified into two major types that include the use of copyrights, trademarks and patents and investing in the extraction of gas, oil and other minerals.

As oil and gas prices decline and the availability of reserved - based senior credit becomes increasingly scarce, exploration and production companies are seeking to refinance into more traditional term loans or to divest royalties in an effort to...

So, as time goes on we're probably going to feel it even more, directly in terms of the royalty revenues from oil from our provincial government.

For example, an «energy security fee» of $ 3.50 per barrel of imported oil would raise approximately $ 15 billion annually; reduced fossil fuel subsidies as proposed by the administration could generate upwards of $ 35 billion over ten years; a utilities electricity fee could raise at least $ 2 billion annually, as included in the Kerry - Lieberman American Power Act; and royalties on new offshore continental shelf drilling could raise more than $ 100 billion over twenty years.

In fact, a 2008 energy blueprint released by House Republicans, the «American Energy Act,» included the concept of a trust fund for advanced technology research funded by oil and gas royalties.

This week, he announced that the part of the agency which permits oil and gas drilling and collects royalties will be separated from the part of the agency in charge of inspecting the safety of oil rigs and platforms and enforcing the law.

If he can't find new lands or waters to open to oil and gas production, the only other other alternative is to propose an increase in royalties and fees on existing oil and gas producing lands.

The tricky situation though is that each of the Republican proposals envision dedicating royalty revenues from expanded domestic production of oil and gas, including opening up new areas previously closed to production in the Outer Continental Shelf (OCS) and places like the Alaska National Wildlife Refuge (ANWR).

Put another way, Congress could raise all of the funds needed to support long - term investments in this Energy Security Trust by increasing royalties paid for producing oil and gas from public lands and waters by an amount less than the typical daily fluctuations of oil and gas commodity prices.

Likewise, dedicating a small fee on oil and gas production (or consumption) or a portion of increased royalties from energy production on public lands would ensure that as we enjoy relatively cheap and abundant energy supplies today, we are also setting aside the funds needed to make steady investments in the advanced energy technologies needed to secure cheap and abundant energy in the future.

Extreme volatility in the oil markets impacts revenues and royalties and leaves oil companies demanding more subsidies to survive.

These anti-hydrocarbon policies also mean the U.S. Treasury will be deprived of hundreds of billions of dollars in lease bonuses, royalties, taxes and other revenues that it would realize from the development of our nation's vast oil, natural gas and coal deposits.

One of the few energy specifics Obama floated in his 2013 State of the Union speech was the creation of an Energy Security Trust, which over the next decade would steer $ 2 billion in oil and natural gas royalties to fund research into biofuels, fuel cells, and advanced batteries.

Instead of requiring perpetual subsidies, á la the «renewable» technologies that President Obama intends to redouble if he is reelected, the oil sands generate vast sums in royalties and taxes: an anticipated $ 690 billion into federal and provincial coffers all across Canada over the life of the project.

Despite promises that uranium, oil, gas, and coal leases would bring in millions of dollars in royalties and create thousands of jobs, a visit to our reservation reveals a completely different reality.

Developing America's vast domestic oil, natural gas, coal and shale gas deposits will generate millions of jobs and hundreds of billions of dollars in critically needed royalty and tax revenue.

To illustrate, Alberta collected just $ 827 million in royalties on oil sands company sales of $ 120 billion in 2016 (note that this figure also includes downstream revenues).

2014 - 15 gas and oil sales value totalled around $ 1.56 billion, but SA received just $ 105.3 million in oil and gas royalties.