Sentences with phrase «oil sector continue»

Mounting job losses, slowed construction activity, and a weak oil sector continue to weigh on the Newfoundland economy and stifle housing demand.

Like wood, metals, and wheat — the core commodities that have seen boom and bust cycles in this country — the oil sector continues to face an uncertain future.

Not exact matches

He dabbled in other industries, including film and television, but never left the energy sector entirely, continuing to sit on boards for oil companies and teach geophysics.

THE booming oil and gas sector continues to draw investment into Perth's industrial sector from offshore service providers, with the latest being a $ 120 million oil and gas valves and pressure control

That is because banks, private - equity firms and institutional investors have continued to pour money into the sector even as oil companies slashed billions of dollars in spending from their budgets and laid off more than 100,000 workers.

In its latest Winter Business Outlook Survey conducted by the Bank of Canada, the adverse effects of the oil crash continue to spread beyond the resource sector to other regions and industries.

The sale would come as the offshore sector continues to struggle with low oil prices, and oil exploration and production companies focus investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.

Provincial outlooks becoming more balanced in 2017 RBC expects the economies of Alberta, Saskatchewan, and Newfoundland and Labrador to contract further this year as the oil - producing provinces continue to struggle with low revenues and private sector restraint.

Without any money to reinvest into its oil sector, Venezuela's production will certainly continue to fall.

With seismic testing tied to the oil and gas sector continuing in the Atlantic, an advocacy group called on Washington to make good on clean - energy pledges.

Canada's resource sector continues to adjust to lower prices for oil and other commodities, with some spillover to the rest of the economy.

David Dudley, International Director and Head of Abu Dhabi Office at JLL MENA, says, «Ongoing cost cutting and downsizing in the oil and government sectors have continued to reduce demand across all sectors of Abu Dhabi's real estate market.

Weak demand across residential, office and retail sectors has been evident since the decline of oil prices at the end of 2014 and continues to impact government spending and general sentiment, says the Abu Dhabi Real Estate Market Overview Q3, 2016.

There would be winners and losers in the sector as it continues to trim its costs, search for new export markets and struggle with large discounts for Canadian oil barrels relative to U.S. oil, Burt said.

The energy sector has been out of favor for so long now that the lack of investment combined with OPEC production cuts are pushing down global oil inventories while world economies continue to grow.

Similarly, National Bank Financial analysts published a report this week that suggested there were reasons to be optimistic about a handful of oil and gas producers even though «regulatory and fiscal headwinds continue to challenge the Canadian sector, creating a difficult investment environment.»

As long as Canada remains weak because of low oil prices, a weakened currency and a general slowdown of the world economy, we'll continue to see opportunities in the beaten down Canadian banking sector.

Exxon said its upstream, or exploration and production sector, suffered «significantly» during the market downturn as crude oil prices continue to starve companies of revenue.

Strong demand for crude oil and the entire energy sector continues to push prices higher as I still think we will trade above the $ 70 level in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion.

Kuwaiti oil sector employees sit in a shaded area on the first day of an official strike called by the Oil and Petrochemical Industries Workers Union over public sector pay Continue Readoil sector employees sit in a shaded area on the first day of an official strike called by the Oil and Petrochemical Industries Workers Union over public sector pay Continue ReadOil and Petrochemical Industries Workers Union over public sector pay Continue Reading

Turning to sectors, we continue to find abundant value among energy producers and their services partners, and we believe the price of oil will likely recover toward the marginal cost of production as supply and demand adjust.

Infrastructure and the oil and gas sector would continue to stand out as busy areas for activity.

«These new members will continue to support the transformation of the palm oil sector by demonstrating innovation to implement RSPO existing standards as well as additional critical requirements, such as ending deforestation, the development of peatlands and gross labour and human rights violations.»

«For the avoidance of doubt, we need to state it again that Dr. Ayeni is a law abiding and patriotic entrepreneur who continues to contribute to the growth of this economy and who, through business acumen and initiatives, continues to create employment opportunities to hundreds of Nigerians in the finance, telecommunications, oil and gas, maritime and real estate sectors, among others, of our economy.

Winnie Ngabiirwe of the pro-transparency group, Publish What You Pay Uganda, explained on 2 November that, «Our government has continued to dismiss our concerns, treating the oil and gas sector with the highest level of secrecy.

«The Honourable Minister of State for Petroleum Resources assures all Nigerians of his and Government's continued commitment to the welfare and well - being of the citizenry, while thanking them for usual cooperation and collaboration towards achieving the lofty dreams of a thriving oil and gas sector for Nigeria.»

«Let us continue to stabilize the ongoing situation in the Niger Delta so that earnings from the oil sector are not disrupted.

If the mining sector is abandoned because money is coming in through the increase in price and output of oil, there will continue to be problems.»

She continued, «Let me once again state for the record that this is another figment of the author's imagination, which, given the persistent bid to ensure my destruction and stick all of the sins of the corruption that plagued oil and gas sector in the last 30 years upon my head, probably emanated from the EFCC itself.

Turning to sectors, we continue to find abundant value among energy producers and their services partners, and we believe the price of oil will likely recover toward the marginal cost of production as supply and demand adjust.

«Business investment will remain a source of drag, however, as the energy sector continues to adjust to low oil prices.»

While the city received only a B - in the economy category, sectors like oil, potash, uranium, gold, diamonds, forestry and farming are booming and Regina continues to have the lowest unemployment rate of all the 36 cities we ranked, coming in at a rock - bottom 4.7 %.

Continued active issuance, which added to supply, and the same energy names that were affected by the drop in oil prices in the high - yield index combined to detract from the performance of the leveraged loan sector.

If the current strong growth of plastics usage continues as expected, the plastics sector will account for 20 % of total oil consumption and 15 % of the global annual carbon budget by 2050.

Global energy investment fell for a second year in 2016 as oil and gas spending continues to drop IEA's annual investment benchmark shows spending on electricity sector for the first time exceeded combined spending on fossil fuels 11 July 2017

This means the oil sector does not need to continue to grow, which is inconsistent with the narrative of many companies.»

Exxon Mobil and the Oil Industry Took a Big Hit In addition to displacing over a million people and inflicting catastrophic damage and destruction to all economic sectors in the region, Hurricane Harvey had a crippling effect on the US oil industry that continues todOil Industry Took a Big Hit In addition to displacing over a million people and inflicting catastrophic damage and destruction to all economic sectors in the region, Hurricane Harvey had a crippling effect on the US oil industry that continues todoil industry that continues today.

The two economic sectors most vulnerable to oil supply limits (imposed either by depletion or by efforts to mitigate climate change) are agriculture and transport, and both are pivotal to continued urbanization.

The initiative will continue to work with companies to support further uptake of targets, and is currently working on methodologies for new sectors including the autos sector, oil and gas, and financial institutions.

«The Balanced Fund's low carbon intensity continues to be directly tied to the Fund's avoidance of the Oil and Gas, Utilities and Basic Resource sectors, as well as stock selection within the Insurance sector,» Green Century stated in a new report.

«If the long - standing trend of low royalty rates in the tar sands industry and the oil and gas sector as a whole continues, Albertans can expect to forgo significant and increasing amounts of potential revenue,» warns the report.

Canada is once again delaying emissions regulations in the oil and gas sector, despite major pipeline projects that continue to put intense scrutiny on the energy industry's environmental track record

Though Nigeria has technically come out of a recession, the macroeconomic environment in Nigeria still continues to remain challenging with no certainty as to how long oil prices will remain above $ 50.00 per barrel, continued reliance of the country on the oil export sector for foreign currency earnings and the early hints of political (election) discourse within the polity.

The firm's roster includes clients such as Alberta Health Services, Epcor, Suncor, Agrium as well as other private sector clients in the industrial, manufacturing, oil sands, forestry, agribusiness, transportation, continuing care, communications and retail industries.

McGrigors» hire of the oil and gas team at respected Aberdeen energy specialist Ledingham Chalmers in 2006 has worked well, according to managing partner Richard Masters: «The timing has turned out to be very good; energy is a sector that continues to be active, from North Sea activity through to the Government drive for sustainability».

«David's background and experience will be critical as we continue to see robust M&A activity in the oil and gas sector,» said Akin Gump chairperson Kim Koopersmith.

Even in tough times it seems in - house departments are bulking up and adding operations team members, but legal departments in the oil and gas sector are taking a hit as that sector continues to feel the pinch.

As the energy sector continues to thrive with several offshore oil mega-projects, Newfoundland and Labrador Premier Danny Williams — affectionately known as Danny Millions — is taking a page from Alberta's songbook, determined to negotiate a greater share of oil and gas revenues to pay down his province's $ 12 - billion debt.

The office market is likely to remain in relative equilibrium as oil and gas prices have rebounded and sectors outside of energy continue to expand.»

That buyer, who could not be named due to a strict conference policy on attribution, said those CMBS loans had been originated with high loan - to - value ratios and that the properties» projected revenue streams relied on continued oil sector growth.