Sentences with phrase «oil sector remained»

Whether Cantarell's slide prompts changes in Mexico's oil sector remains to be seen.

Not exact matches

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

The risk banks face within the oil and gas sector is currently «contained,» but the outlook remains far from certain, he said.

The energy sector fell 1.1 percent on the back of a more than 1 percent drop in crude oil prices as the dollar remained near a four - month high.

Build on its record as the first government to achieve an absolute reduction in greenhouse gas emissions by working with provinces to reduce emissions from the oil and gas sectors while ensuring Canadian companies remain competitive.

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.

It remains to be seen, therefore, what sort of carbon price signal an individual oil sands operation would be exposed to under the Alberta Plan and whether it will be sufficient to drive technological innovation in the sector.

While investment in the energy sector now appears to be stabilizing after a painful adjustment to the decline in oil and other commodity prices that began in 2014, overall business investment in the economy remains weak.

The country has had growth in sectors beyond oil in the past decade but remains dependent on crude.

Even Nigeria, which remains dependent on oil, has experienced growth in other sectors in the past decade.

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.

The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.

At this moment, though, it remains to be seen whether policy - makers and (the few) private investors will take advantage of the current economic situation to move beyond dependence on the dominant oil sector.

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.

In my opinion, an opportunity for substantive policy reforms may have been lost - we refused to deregulate the downstream oil sector; we have not made new investments in our upstream more attractive to investors; we have not made any privatisations since 2015; NNPC remains opaque and indeed is now worse with evidently poor governance and low transparency!

William Baya, Director of the Sabah Wildlife Department adds, «We need more joint conservation efforts with the oil palm and forestry sector and better collaboration of scientists and conservationists with local authorities to protect the diversity of carnivores in the remaining rainforests of Borneo.»

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

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

Regardless of the considerable degree of policy and technology uncertainty shaping the investment outlook, one main strategic conclusion remains: the oil industry needs to keep investing in its upstream sector.

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.

Across other sectors such as oil and gas, commodities, maritime and resources, recruitment has remained quite flat, with hiring mostly for replacement roles.

This has led — for the time being at least — to the de facto division of Libya into an eastern (oil rich) sector which is controlled by opposition forces, whilst the Gaddafi hold remains strong in Tripoli and the western part of Libya.

Nigeria has experienced growth in its agricultural and sold minerals sectors, but the country's economy remains turbulent in light of the drop in crude oil prices and the resulting depreciation in the value of the naira -LRB--RRB-.

Now, Kaspersky Labs reports that while the finance sector was hit hardest, more than 50 percent of the remaining targets fell into the categories of manufacturing or oil and gas.

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.»