Sentences with phrase «oil revenue at»

Responding to a question on the diversification of oil revenue at the Institute of Economic Affairs (IEA) Evening Encounter Series on Tuesday, Dr. Mahama noted that, he will focus the oil revenue on priority areas like capacity building and agriculture.

Speaking to Citi News on the sidelines of a sensitization programme on the use of oil revenue at the Tamale Technical University, Miss Abubakari advised government to limit their expenditure to a few targeted projects in order to ensure better monitoring and utilization of the oil funds.

Not exact matches

But Waghorn says Hess's wide range of oil reserves, including fields in Guyana, will help diversify its revenue sources in case prices stall at current levels.

Revenues have declined for five years straight (since 2009) at KBR (KBR), which provides engineering and construction services to the oil and gas industry as well as to governments.

Malaysia's budget due at 4 p.m. local time (0800 GMT) may be the toughest yet for embattled Prime Minister Najib Razak as he struggles to balance declining oil revenues, spending priorities and a growing political scandal.

These risks include, in no particular order, the following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of new broadband technologies and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of increases in the prices of raw materials and oil; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters.

At least one congressional proposal, in fact, would have channelled the resulting revenue into a highway trust rather than the oil spill liability fund.

And while some Canadian companies are finding success in clean solutions — Vancouver's Ballard Power is fresh off a record year for revenue — others, notably in Canada's oil patch, are at risk of falling behind.

These included overly optimistic economic growth and oil price assumptions; cutting the contingency reserve by two - thirds; selling shares in GM at fire sale prices; raiding EI revenues; and even booking «savings» from unilateral changes to federal employees» sick leave benefits.

Oil - related revenue has dwindled since 2015 as a period of low prices reduced interest from producers and consumers in financial instruments that offer protection against price volatility, said Amrit Shahani, research director at Coalition.

As we extract more and more oil from EOR plays, and at the same time are trying to increase quantities stored, we are going to have to move to more expensive capture opportunities and toward pure storage plays, which both increases capture costs and turns EOR revenues into a storage cost (you are not going to make money injecting CO2 into saline aquifers unless you are being paid to do so).

Looking back at the cost gap figure above, the potential revenue generated by EOR is only about $ 50 - 60 / ton, and that is in the best plays under the assumption of high oil prices.

«We anticipate that the current account will be placed firmly into deficit territory in 2015, given the sharp decline in oil export revenue,» Stephen Bailey - Smith, head of Africa research at Standard Bank, wrote in an African Markets Revealed report released in January.

Russia's economy grew at 7.2 % per year from 2000 to the peak of the global financial crisis in 2009, fueled by huge oil and gas revenues.

If oil prices continue to stay above the level assumed in the March 2011 Budget, and commodity prices continue to rise then corporate profits will be higher and the revenue savings resulting from keeping the rate at 18 % could actually be higher than in the Liberal platform.

«Rising domestic socioeconomic stresses in Russia — caused by dwindling oil revenues and the impact of Western sanctions — will fuel President Putin's anti-western rhetoric and increase the likelihood of him seeking foreign «distractions»,» Alastair Newton, senior political analyst at Nomura, said in a note Wednesday.

Democrats scoffed at that claim, saying the plan would far less revenue at a time when oil production in the lower 48 states, especially Texas and North Dakota, is booming.

This is particularly deceptive if you look at numbers from the 2008 - 2009 oil price drop, or even the drop - off in revenues 2014 - 2015, because it takes a while for all the pre-existing offshore projects to roll off.

«It only focuses its attention on oil and gas revenue bases in the south and fulfills the political demands of the Arewas at all times.

But in contrast, GDP per capita has declined by 12 per cent under John Mahama's tenure as president when oil revenue and loans alone over the eight - year period of 2009 - 2016 would amount to GHS248billion,» he said at the lecture on the theme: «State of Ghana's Economy — Foundation of Concrete or Straw?»

It looks at the key issues: independence within the EU, the Calman Commission recommendations, the welfare state, money issues and oil revenues.

In a statement signed by the Deputy Executive Director of ACEP, Benjamin Boakye, he said «In spite of many implementation challenges, the PRMA has been a model for many countries and Ghana can only do better at improving on transparency and accountability around the use of the oil revenues.

The EITI sets global standards to monitor and reconcile company payments and government revenues from oil, gas and mining at the country level.

The report put total revenue from the Ghana's oil reserves at $ 26 billion, out of which «$ 3.2 billion was already realised between 2009 and 2015.»

It is unclear, however, to what extent oil revenues are distributed across the population, and whether there are governance projects beyond dams that benefit people at large.

This is projected to hit N3 trillion ($ 15 billion) due to heavy infrastructure spending at a time when the slump in global oil prices has slashed the country's export revenues.

Nigerian troops are deployed to the Niger delta where militants have been attacking oil facilities since the start of the year, cutting output and hammering government revenue at a time of low crude prices.

The pressure comes at a time Nigeria desperately needs oil revenue to keep its battered economy running.

It emerged last month that the Bulk Oil Storage and Transportation company (BOST) signed a deal to sell about 5 million litres of contaminated fuel to Movenpiina Energy and Zup Oil at a discounted price that could result in Ghana losing about GHs7 million in revenue.

The PIAC in its report revealed that it is was alarmed at the absence of an absence of an investment advisory committee in the management of Ghana's oil revenue for 2017.

Nigeria continues the absurdity of expending more than 30 % of scarce foreign currency importing refined petroleum products, a self - imposed malaise as we insist on subsidizing domestic fuel consumption; and crude oil and gas as a percentage of our export revenue stays at 96 % meaning beyond all the talk of diversification, current rhetoric does not match the outcomes!

On the introduction of the N50 stamp duty charge, Emefiele explained that the decision was taken to support the government in its bid to generate more revenue due to the drop in oil prices, adding that the nation's external reserves currently stood at about $ 28bn.

He then took a swipe at the Ghana National Petroleum Corporation's (GNPC) sponsorship of the Black Stars describing such uses of the oil revenue as unwise.

Business News of Friday, 18 May 2018 Source: thebftonline.com File photo — logo of Standard Bank Ghana's balance of trade is set to receive support from cocoa export and oil production revenues this year according to researchers at Standard Bank, parent company of Stanbic Bank Ghana.

«The payment was to be from revenue flows from crude oil which is sold on the international market at bench mark prices but crude oil prices fell and that source of financing the loan became inadequate... So we had indicated that once the processes start, there could be other source of financing repayment for the facility.

«However, at the time that we were earning such large revenues from oil, we only managed to double our external debt from $ 5.6 bn to $ 10.7 bn between 2011 and 2015.

President Akufo - Addo, at the launch of the program at the West Africa Secondary School (WASS) in Accra, said the program will be financed from revenues from Ghana's oil and mineral proceeds.

He, however, declared the payment of $ 1.092 billion in the Malabu oil deal into an escrow account at JP Morgan, London, by the former ministers as fraudulent, stressing that the money should have been paid into the Federation Account or the Consolidated Revenue Fund.

The Governor, who was represented as the Special Guest at the forum by the Commissioner for Economic Planning & Budget, Mr. Akinyemi Ashade, expressed confidence in the regime of President Buhari to combat the fiscal failures of the past administration, which, he said, was responsible for the economy downturn we are experiencing following the crash in the price of crude oil — our major source of revenue.

With Ghana's debt levels at almost 60 % of GDP and interest payments in 2014 amounting to more than four times Ghana's oil revenue for the year, it is not clear how adding to the debt burden is going to get us out of the current crisis.

Professor Benjamin Sovacool, Director of the Sussex Energy Group at the University of Sussex, explains: «The basic idea is that more transparency about the revenues from oil and gas production would lower the chances of corruption and graft, and hence improve governance and development.»

Clea Kolster, lead author and PhD student with the Grantham Institute at Imperial, said: «Revenue from oil does make the deployment of CCS far more attractive in the near term by providing the majority of capital in early years before carbon dioxide tax incentives have increased sufficiently to overtake oil rRevenue from oil does make the deployment of CCS far more attractive in the near term by providing the majority of capital in early years before carbon dioxide tax incentives have increased sufficiently to overtake oil revenuerevenue.

At present, Ecuador relies upon oil income for more than half of its annual export revenue.

$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.

According to Bloomberg, Saudi Arabia's government relies on oil for at least 80 % of its revenue and faces its biggest budget deficit in nearly 30 years (20 % of GDP, according to an estimate by the International Monetary Fund).

In doing my reporting for the story in The New York Times today on Saudi Arabia's latest maneuvers in climate treaty talks (they are reviving longstanding demands for compensation for lost oil revenue), I found an interesting paper on the oil kingdom's involvement in climate talks by Joanna Depledge, a research fellow at Cambridge University focusing on climate negotiations.

There was talk that one of the reasons America has troops in Iraq was to ensure that at some point, every man, woman and child in Iraq would receive their per capita share of the oil revenues of that country.

If the White House is serious, they must know that the proposal as it currently stands, which does not envision opening up any new areas previously closed to oil and gas production, will not produce any new federal revenues, at least as far as the Congressional Budget Office (CBO) is concerned.

Geography gave Petra Nova an economic advantage: Captured carbon brings in additional revenue by being utilized in enhanced oil recovery at a nearby oil field operated by Hilcorp Energy Company.

During that time, oil revenues soared, Exxon took over Mobil for US $ 82 billion and in 2005, the combined company earned the largest profit in human history at $ 36 billion.