Sentences with phrase «oil sector grew»

The GDP data is unambiguous that our recovery is almost entirely due to the oil sector - in Q2 2017, when we exited recession, oil sector growth was 3.5 % while the non-oil economy grew a puny 0.45 %; in Q3 the non-oil economy went back into contraction with negative -0.76 % growth, but the overall economy was lifted by oil sector growth of 25.89 %; and in Q4 the oil sector grew by 8.38 %, while non-oil expanded by 1.45 %.

According to a recent Health Canada report, the cannabis oil sector grew more than 871 % between April 2016 and March 2017.

Not exact matches

VistaVu's decision to move closer to the decision - makers located in the Texas oil capital offers some valuable insights on how to establish a profile and grow your presence in a dense business hub like Houston, which is for the oil industry what Manhattan is for the investment banking sector.

British shares rose on a weaker pound, rising oil prices and growing confidence in the financial sector.

Looking ahead into 2018, I am keeping a close eye on the energy sector, where the ability of US exploration and production (E&P) companies to grow oil production — at half the price of oil from just a few years ago — remains a competitive advantage for these firms.

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.

Based on my interactions with subject - matter - experts, key stakeholders that work in the energy sector, and the Asian Development Bank, there is a strong push to reduce the region's dependence on imported oil, develop and grow its clean - tech sector, and diversify its energy mix.

As Director for Southeast Asia of the Rainforest Alliance, Nurdiana leads a diverse team in creating and implementing a strategic plan to grow the NGO's footprint in the region, especially in the palm oil sector.

Her NGO has a strategic plan to grow its footprint in the region, particularly in the palm oil sector

POIG is growing both membership and its capacity to address key issues in the palm oil sector.

With modernisation and diversification of agriculture being a key component of the NPP's 4 - Point Agenda for the development of Ghana, I wish to assure our farmers and fisherfolk that the blessing of oil will not distract an Akufo - Addo - led NPP government from growing the agricultural sector and making it more modern, more efficient and therefore, more productive.

On the positive side, finally the majority of sectors are now growing again in Q4 2017 and Nigeria's recovery may now be said to be more real, even as it remains driven essentially by the oil sector.

Indeed one is very relieved that the non-oil economy is now growing, even though still below 2.0 % as oil sector effects diffuse through the economy through stability and convergence of FX rates; growing reserves; oil sector procurement; and the impact of government spending on sectors like construction.

The IMF and World Bank have said the Nigerian economy may grow 0.8 % and 1.0 % respectively in 2017 thus ending the current recession and a review of Q3 2016 GDP data shows that the non-oil economy actually grew marginally by 0.03 % - but for the oil sector plunging further down by 22 %, perhaps recession could have ended in Q3 2016.

He points out that Canada's economy grew while key climate regulations were enacted on coal and other sectors and alleges that the speeding up of oil pipeline approvals was necessary to end a process that used to drag on indefinitely.

Despite worries about the future of the resource sector, Edmonton still expects its economy will grow by as much as 4.5 % this year and stands to benefit even more if oil prices firm up.

While the energy sector is growing, some companies are abandoning emerging markets in favor of the growing North American oil and gas market.

Lastly, alternatives to conventional oil in the transport sector are growing rapidly, including oil sands, biofuels, electric vehicles, and natural gas vehicles.

Despite its huge oil and gas footprint, Calgary - based Enbridge has heavily diversified into renewables in recent years, from its fleet of onshore wind farms in North America to its fast - growing role in the European offshore wind sector, where it owns stakes in projects like the 400MW Rampion off the UK.

«Diversifying away now from fossil fuels, including oil and gas which face an uncertain future, reduces risks in its investment portfolio whilst allowing growing exposure to renewables — one of the fastest growing business sectors in the world.»

«Their target now is the only growing sector of the economy — the oil and gas industry, and their answer for running our country is more Solyndras.»

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

In 2008, policy makers in Europe seeking to reduce greenhouse gas emissions from the transport sector by importing biofuels from Malaysia and Indonesia were shocked when lifecycle analyses showed it can take more than 400 years for biodiesel produced from palm oil grown on peatlands to show emissions savings relative to regular diesel.

This article, by Jason Fekete and Darcy Henton, discusses the Alberta Government's growing anxiety with respect to the coming Federal GHG regulations for the oil and gas sector.

Just as diversity through electricity was the key to America's industrial sector being able to increase productivity without increasing oil consumption, so too is it one of two keys (the other being diversity through biofuel) to fueling the growing number of vehicles expected on global highways without adding to the strain on global oil supplies and without everyone choking on their own exhaust.

Growing economic headwinds in the fossil fuel sector — particularly in the coal and oil industries — may bring about radical change much sooner than Obama's Clean Power Plan.

Global Warming Will Erase Economic Gains It is true that Indonesia is the world's largest producer of palm oil (with Malaysia a close second...) and that it has been a growing sector of the economy.

As demand for more and cleaner energy grows, the oil and gas sector is set to change.