Sentences with phrase «since oil revenue»

Since then, they can not service the debt they took on since their oil revenues have dropped so severely.

Not exact matches

Revenues have declined for five years straight (since 2009) at KBR (KBR), which provides engineering and construction services to the oil and gas industry as well as to governments.

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

Last month, Governor Jack Dalrymple called for a decrease in the state budget, since tax revenues are down and the budget outlook for the state is different from two years ago, when the price of oil was topping $ 100 per barrel.

The two leaders, who realized they stand to benefit more from cooperating in order to push prices higher, agreed to work together to help world oil markets clear a glut that had more than halved oil prices since 2014, pummeling Russian and Saudi government revenues.

LONDON (Reuters)-- Banks» metals - related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging activity, but this is unlikely to be the start of a new trend.

Oil - related revenue has dwindled since 2015 as a period of low prices reduced interest from producers and consumers in financial instruments that offer protection against price volatility, said Amrit Shahani, research director at Coalition.

Bank revenues from commodities trading have soared since 2003, fueled by increasing global demand from emerging markets like China and India, requiring more oil, metal and raw materials.

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

Alberta has a revenue problem and if we should have learned anything since the international price of oil collapsed in 2014, it is that we should not depend on royalty revenues from oil and gas to fund the day to day operations of our public services.

Mismanagement of previous oil revenues and chronically depressed energy prices since 2014 have brought this oil - dependent country to the brink of collapse.

There is also the realpolitik argument that, since we were never going to depopulate Iraq, we needed a stable and legitimate Iraqi government, and this included a government that controlled oil revenues.

Africa's largest economy, which relies on crude sales for around 70 percent of government revenues, has been hammered by the more than 50 percent fall in oil prices since June last year.

Norway: Annual petroleum fiscal revenues and gross oil and gas production income since the start of production: Facts.

And ever since being spread out into the world with the help of Saudi's huge oil revenue.

Nigerian troops are deployed to the Niger delta where militants have been attacking oil facilities since the start of the year, cutting output and hammering government revenue at a time of low crude prices.

He said that Nigerians needed to know how much revenue the government had been able to generate from crude oil, non-oil and independent revenue sources since assumption.

Government's supplementary budget presented to parliament in 2016, revealed that out of an estimated $ 484.79 million in petroleum revenue for the first half of the year, government bagged only $ 87.79 million, the lowest Ghana has ever realised since oil production started in 2010.

It is the 2 years of APC under a declining oil revenues that is responsible for all the woes of Nigeria since independence.

Public revenues are the lowest since 2009 when oil prices dived as a result of the global financial crisis.

On our part, in the past 20 months since our inauguration on May 29, 2015, we have focused our energies to turn around the economy, create jobs, fight corruption, and transform agriculture to replace oil and gas as a major revenue earner for the nation.

The provisional 2015 GDP growth rate is 4.1 % and for the first time since the inclusion of oil revenues beginning from 2011 the non-oil component of the GDP growth of 4.2 % is higher than the overall real GDP growth rate of 4.1 %.

The NPP flagbearer also bemoaned the lack of development of the Western Region, under the John Mahama administration, since the commencement of the production of oil in commercial quantities in 2011, which has seen the «nation realise some $ 5 billion» in oil revenues.

A refinery operating in Richmond since 1901, first as Standard Oil and later as the Chevron Corporation, had long been the city's biggest single source of tax revenues — and air pollution.

It remains an open question exactly how much oil — and therefore revenue — could come from drilling in the coastal plain of ANWR, in part because it's been nearly two decades since the U.S. Geological Survey has conducted a resource assessment of the area.

By coincidence, $ 9 billion is just short of the amount transferred from north to south in oil revenues since 2005.

If it were found that the oil figures published by the Government of National Unity had been under - reported by, for example, 10 %, the southern government would be owed more than $ 600 million (on the basis that the Government of Southern Sudan has received more than $ 6 billion in oil revenues since the signing of the peace agreement).

The budget showed federal government revenues in the coming year would be $ 3.4 billion lower than anticipated just four months ago, reflecting the weakest two quarters of economic growth since the 2008 - 09 recession and a steep discount on Western Canadian oil prices.