Sentences with phrase «on oil revenues»

Entire countries, the ones that heavily depend on oil revenues, end up waging a wholesale war on truth, attacking scientists and environmental groups simply because the truth challenges their economic paradigm.

Singling out Russia and Venezuela, the Paris - based energy think tank said that further price drops would heighten the financial risks to «highly leveraged» producers, and countries that are heavily dependent on oil revenues.

An economy such as Norway, heavily dependent on oil revenues to underpin its sovereign wealth fund, is to be congratulated for taking a timely and foresighted approach to managing its transition risk exposure.

Former chancellor Ken Clarke has warned of the dangers of an economy based on oil revenues, as he attacked the SNP's predictions of a post-independence referendum North Sea boom.

«The government is focused on resetting the Nigerian economy by addressing our traditional over-reliance on oil revenues and establishing the basis for sustainable non-oil revenue growth.

Minimising output disruptions in the Niger delta is key to growth in Nigeria, which relies on oil revenues for infrastructure investments to diversify the economy, Udoma said, explaining that «you have to use what you have to get what you want.»

Despite making fiscal changes to reduce the national budget's dependence on oil revenues, he may push for new measures to improve his chances in the country's 2018 presidential elections.

And his goal is to diversify the economy and to create a much more dynamic place that is not dependent on oil revenues from the National Oil Company or Ramco.

An international listing of Aramco was seen as the centerpiece of the powerful Crown Prince Mohammed bin Salman's efforts to reshape the Saudi economy and reduce the nation's reliance on oil revenues.

The Last Frontier is known, of course, for giving all Alaskan residents an annual dividend based on oil revenue.

We have been depending on oil revenue for years, but for the first time, oil revenue is taking a second position.

She also complained about some government officials» unwillingness to assist ACEP collate data needed to deepen social auditing and accountability on the oil revenue disbursement.

The former Minister indicated that the current projection on oil revenue do not look promising to reach a double of what accrued in previous years, hence will definitely not be sufficient to fund Free SHS.

Meanwhile, the Speaker of the House, Mr. Yakubu Dogara, has stated that the country had little choice but to diversify its economy from dependence on oil revenue.

The museums, UAE officials say, are part of a concerted strategy to lessen the emirates» dependence on oil revenue by creating a new income stream in the form of cultural tourism.

Not exact matches

A grace period on Chinese loans to Venezuela has lapsed, potentially depriving the cash - strapped OPEC nation of billions of dollars in desperately needed oil revenue this year.

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

The price dive could put pressure on the federal government to the tune of $ 2.5 billion annually for the next four years, according to a fall economic update from Ottawa, and oil - producing provinces such as Alberta, Saskatchewan and Newfoundland are staring down revenue and royalty losses worth billions.

General Electric on Monday completed its buyout of BakerHughes Inc, merging it with its own oil and gas equipment and services operations to create the world's second - largest oilfield service provider by revenue.

The B.C. government has pinned much of the province's economic future on LNG exports, saying the projects are equivalent to Alberta's oil sands in terms of jobs and revenue generation.

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

Tumbling oil prices spell bad news, both for overall growth and the financial position of the government, which is reliant on tax revenues from its energy industry to fund the budget.

In 2013, oil and gas accounted for 68 % of Russia's total exports, while duties on those exports, combined with taxes on mining, accounted for 50 % of the federal government's revenue.

The EPA's recent move to roll back automobile fuel efficiency standards benefits almost no one except auto manufacturers, who save on R&D costs, and oil companies, for whom greater fuel consumption translates into more revenues.

CARACAS, April 27 - A grace period on Chinese loans to Venezuela has lapsed, according to two Venezuelan sources with knowledge of the matter, potentially depriving the cash - strapped OPEC nation of billions of dollars in desperately needed oil revenue this year.

Halliburton reported a 34 percent jump in first - quarter revenue on Monday as rising oil prices prompted North American companies to boost oil and gas production.

An oil company with international facilities, Marathon Oil couldn't maintain profitability in 2016, with a loss of $ 2.1 billion on revenue of $ 4.6 billioil company with international facilities, Marathon Oil couldn't maintain profitability in 2016, with a loss of $ 2.1 billion on revenue of $ 4.6 billiOil couldn't maintain profitability in 2016, with a loss of $ 2.1 billion on revenue of $ 4.6 billion.

Disruptions in Venezuela's oil industry can have outsize impact on the country, as oil brings in about 95 % of its export revenue, which has been used to purchase imports like food and medicine as domestic production dries up.

Back then, Alaska was relying on oil for roughly 90 percent of state revenue.

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.

Utterly dependent on oil exports for revenues, the resources available to Maduro are vanishing.

Nov. 5, 2013: The B.C. government capitulates on revenue - sharing, saying a share of Alberta's revenues from heavy oil pipelines is off the negotiating table.

Now, here's your choice — you can either ship your oil to Cushing, and sell it there and use the revenues to buy oil on the east coast, or you can ship your oil all the way to the east coast, and sell it (assumed price of Brent + $ 1.50).

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.

«People need jobs, the Gulf Coast states need revenue, and Americans do not want to be dependent on foreign oil.»

The political turmoil and mass resignations threaten Maduro's government, which depends on oil for 90 percent of export revenue.

Oil - related earnings will likely rebound faster than metals over the next few years as banks focus on building revenues in the oil derivatives market, which is historically a much bigger business than metals derivatives, Shahani saOil - related earnings will likely rebound faster than metals over the next few years as banks focus on building revenues in the oil derivatives market, which is historically a much bigger business than metals derivatives, Shahani saoil derivatives market, which is historically a much bigger business than metals derivatives, Shahani said.

If the construction of Energy East also does not put significant new supply into the world market, it will not have a material impact on the revenues collected by other oil producing nations either.

DENVER — The first report in the Energy Institute's Energy Accountability Series finds that proposals from Hillary Clinton and other politicians to ban oil, gas, and coal production on federal lands and waters would cost America hundreds of thousands of jobs and billions in revenue.

«Based on the Saudi current - account balance, Aramco had revenues of $ 160 billion last year from just oil and refined products exports when the average price of oil was $ 43 a barrel,» Fareed Mohamedi from the Rapidan Group said.

This significant downward revision to growth in 2013 will have a major impact on government revenues, which will be only worsened by the fall in oil and gas prices over the last 12 months.

For example, from: 1) the replenishment of foreign exchange buffers large enough to protect the economy against a protracted shock; 2) a significant reduction in government debt metrics; 3) a successful diversification of the economy and government revenues that will become less dependent on oil receipts; 4) continued improvements in governance and institutional strength which act as long — term constraints on Angola's rating.

Until a balance is restored between supply and demand, though, Saudi Arabia is willing to endure the current low price of oil, even as its own budget, heavily reliant on energy revenues, faces a deficit of $ 98 billion, or 15 percent of gross domestic product, for fiscal 2016.

Watch revenue from acquisitions NOW has been taking advantage of the downturn to strategically roll up its smaller competitors, which is enabling it to somewhat mute the impact of the oil market downturn on revenue.

The kingdom has vowed to implement widespread economic reforms in a bid to reduce its huge dependency on oil, which accounts for as much as 90 % of government revenues.

The drop in the international price of oil exposed a large cleavage in the government's finances as past governments became too comfortable and over reliant on these unstable resource revenues to fund the province's operations budget.

The belief was that KMI would be immune to oil price volatility, given that they acted as a tollbooth operator (they are a pipeline company), and benefit from take - or - pay contracts that generate revenue based on volume.

Energy companies, which have had to contend with falling oil prices, delivered more than 7 % EPS growth on a 3.5 % decline in revenues.

The United Arab Emirates» energy giant is seeking to boost profitability and gain access to new markets during a period of prolonged low oil prices that has piled pressure on nations dependent on revenue from fossil fuel.

Since most of these companies book their revenue on volume rather than commodity prices, the drop in oil prices hasn't been catastrophic.