Sentences with phrase «projected oil revenue»

Not exact matches

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.

Since July, oil prices have fallen significantly, and with them the revenue earned or expected from oil sands projects, present and future.

July 27, 2012: B.C. Premier Christy Clark announces her government will not support Northern Gateway or any other oil pipeline project unless it meets five conditions, including a «fair share»» of revenues for the province.

The province's oil and natural gas revenue is projected to shoot up by 54 per cent to the highest level in three years, but those three years combined will be equal to what a good year used to be for Alberta's coffers.

The drilling comes after President Rafael Correa abandoned an innovative proposal to keep the oil from the three ITT fields permanently in the ground in exchange for international contributions totaling half its projected forgone revenue.

That's largely due to the government increasing its projected average oil price from US$ 42 a barrel to US$ 45 a barrel, helping to boost resource revenues by $ 744 million.

There weren't many bright spots in the province's financial update, but if one thing made it a bit less awful than it could have been, it was that oil and gas revenues are now projected to be considerably higher than the 2016 budget's fairly gloomy outlook.

By ensuring Canadian oil has access to tidewater, the Trans Mountain Expansion Project will extend Canada's reach into new markets with customers who pay higher prices, generate thousands of high - paying jobs, and create billions of dollars in government revenue for both the country and British Columbia.

Forget the fixed costs of development; just the operating costs of keeping a project online are significantly higher than the revenue that an oil sands producer would earn from selling their bitumen.

Furthermore, he made a great point that these complicated projects are planned out years ahead, so the revenues in Reservoir Description would not show any decline from the dropoff in Offshore until a few years after the drop in oil prices.

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.

The Bretton Woods institution projected that Ghana's oil revenue will peak in 2023 and decline thereafter, stating that «a projected increase in oil output would boost Ghana's domestic revenue over the medium term «but this effect will likely be short - lived.»

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.

With a projected revenue of N3.86 trillion in the face of dwindling crude oil receipts, government estimates that oil revenues contribute N820 billion of the total revenue; non-oil revenues, comprising Company Income Tax, CIT, Value Added Tax, VAT, Customs and Excise duties, and Federation Account levies, are expected to contribute N1.45 trillion; while independent revenues are expected to contribute N1.51 trillion through the enforcement of the Fiscal Responsibility Act, 2007 and public expenditure reforms in all MDAs.

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.

Miss Munira Abubakari thereby advised government to judiciously expend the oil revenue on a few sustainable projects to alleviate the plight of the suffering masses.

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.

The team has so far visited oil revenue funded projects such as the Zakpalsi irrigation project in the Northern Region, and the Tankasi and Zuiding irrigation projects in the Upper East Region.

Russia is facing its own fiscal challenges in the months and years ahead, as revenue growth from oil and natural gas is projected to slow precipitously and the Kremlin confronts big bills from salary increases for the police, the military and other public workers that preceded Mr. Putin's return to the presidency in 2012.

Buhari said that the implementation of the 2016 Budget was hampered by the low oil prices in the first quarter of 2016, and disruptions in crude oil production which led to significant shortfalls in projected revenue.

The leader of the team disclosed that with the poor revenue from the Federation Account which is largely sourced from crude oil sales, the current administration of President Muhammadu Buhari is looking for other sources of revenue to execute capital projects and provide social services for the people.

Under the NDC, GDP per capita has recorded a growth of 17 % (from $ 1,266 in 2008 to a projected $ 1,481 in 2016) with oil revenue.

They also have to intensify their monitoring and supervision of all oil revenue funded projects spread across the country.

He identified the slump in the international oil market price and oil theft in the Niger Delta as main reasons for projecting more revenues to fund the budget from the non-oil sector.

As government revenue rises to record levels due to oil and gas production, especially with the oncoming $ 7bn ENI gas project, the new government will have more resources to devote to improving basic healthcare, build productive livelihoods through private - sector led job creation, deepen decentralise decision making, pumping water into neighbourhoods and building roads.

She emphasized the state's renewable energy projects, include many funded by state revenues from oil production.

In a bid to resolve this problem, Libya is spending billions of dollars of its oil revenues on the Great Manmade River project, which is pumping ancient «fossil» waters from beneath the Sahara and piping it hundreds of kilometres north to farms on the coast, where aquifers have become exhausted and salty.

Due to certain unforeseen circumstances, such as hurricanes, the downturn in the national economy, the BP oil spill, and moratoriums on deep - water drilling, the project realized significantly less traffic and revenue than originally projected.

As was discussed here last Friday, President Obama has proposed using a tiny portion of federal revenues from offshore oil and gas production to build an «Energy Security Trust» to pay for the kinds of tough or longer - term energy research projects that the private sector tends to neglect.

«Our study suggests... [the] initiative will not significantly reduce deforestation in northern Sumatra and will have little impact on orangutan conservation,» David Gaveau of the University of Kent, UK, and the Wildlife Conservation Society Indonesia Program told environmentalresearchweb, «because firstly a large amount of forest inside the proposed REDD project area is protected de facto by being inaccessible; and secondly much of northern Sumatra's lowland forests will remain outside of REDD and will be exposed to the combined expansion of high - revenue oil palm plantations and road networks.»

At the same time, the budget bill came freighted with legislation intended to «streamline» environmental review processes in the hope of fast - tracking oil pipelines and other large energy infrastructure projects, and it has handed the Canada Revenue Agency $ 7 million to intensify its scrutiny of environmental charities — especially the ones labelled «foreign radicals» by Natural Resources Minister Joe Oliver in a fiery Globe and Mail op - ed calling for approval of Enbridge's $ 5 - billion Northern Gateway pipeline from Alberta's oil sands to the coast of northern B.C.

We will probably recommend that revenues get channeled into Oil Independence projects with some earmarked for marginalized neighborhoods.

Badri said the revenues from high taxes that some industrialised countries, including most western European nations, place on oil products should be diverted to environmental projects.

From property taxes that supply revenue for schools, to state and local taxes that fund road and bridge improvements, water and sewer projects, local housing initiatives and environmental programs, to even royalty payments that can sustain family farms and businesses — oil and natural gas development generates local economic benefits well beyond producing affordable, reliable energy.

But, if the goal is generating revenue for government to fund worthy projects, rather than a series of one - time sales, why not lift the ban on U.S. crude oil exports and create an annual revenue stream?

The reason that the Alberta and Canadian governments, along with the oil companies, desperately want the Keystone XL pipeline is because it will encourage more capital investment in new oil sands projects, effectively locking in a revenue stream for decades.

Such deals, notes Hesse, sprang from lower oil prices and production revenues, plus the inability of many upstream players to bear the burden of development costs, especially in geographically challenging regions; and the desire to fund development costs in one project exiting, in whole or in part, into another project.

I would like to utilize my over 20 years of IT Project Management experience within the Retail Apparel, Retail Fuel and Oil and Gas Exploration industries to enable a Fortune 500 or greater company to reach or surpass their revenue and performance goals.

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.