Trump worries will weigh on Canada's economic agenda

Significance Trump’s victory in the US presidential election has created worries in Ottawa that a more protectionist line from Washington could further dampen weak Canadian business investment and export growth. The government of Prime Minister Justin Trudeau has announced additional fiscal measures to stimulate economic growth, strengthen long-term economic competitiveness and provide more inclusive economic opportunities. Impacts Increased US oil and gas production could keep prices low, crimping the benefits of Canadian midstream investments. Backsliding on emissions reductions by Washington could sap political support for activist policies by Ottawa and other jurisdictions. US failure to ratify the Trans-Pacific Partnership would see Canada pursue bilateral arrangements with the Pacific Rim.

Subject Prospects for the hydrocarbons sector under the new government Significance After three years of GDP contraction, a new government is pursuing increased foreign investment in hydrocarbons, to boost employment and growth and to repair the budget. In the long term, Greenland is likely to emerge as an international shipping, mining and hydrocarbons centre. For now, the fall in the international oil price has seen oil exploration stop. The wish for economic development is leading a new generation of Greenlandic politicians to embark on re-integration with the EU, where a ban on seal products is the greatest obstacle to closer ties. Impacts Infrastructure and climate challenges mean that full-scale oil and gas production is at least 15-20 years away. Emerging Greenland-China economic ties may create a new alignment in the opening up of the Arctic. A relaxation of the EU seal products ban would ease negotiations on Greenland's further integration with the bloc. Enhanced EU-Greenland ties could extend the EU's role in the Arctic.


Significance While the US oil majors are adopting strategies primarily based on decarbonising oil and gas production, European companies are also developing new businesses designed to compensate for future demand-led reductions in oil and gas revenues. The European majors’ entry into the power sector and renewable energy markets brings new, well-financed and technologically proficient competitors into a sector made up predominantly of utilities and smaller developers. Impacts Hydrocarbon majors' capital spending on renewables will rise over the next decade. The oil majors will continue to buy into promising new energy transition technologies. These companies will invest in oil output and protect their legacy assets, but their valuations will be less driven by their oil reserves.


Subject Gas sector update. Significance Despite sharp reductions in oil companies' global exploration and production, Egypt is attracting multi-billion-dollar fast-track upstream oil and gas investment. Cairo has already made progress in addressing key imbalances in its energy sector, and succeeded in reducing arrears to oil companies. Boosting upstream oil and gas production will eventually help stabilise the budget. Impacts Egypt's gas balance could turn positive by 2020, reducing the country's demand for LNG and oil product imports. Incentives for renewables, particularly solar power, are a likely path for diversifying the energy mix and stemming domestic gas demand. The government is likely to remain committed to generous PSAs. It will also probably advance domestic gas pricing reform to maintain the upstream sector's current momentum.


2020 ◽  
Vol 1 (I) ◽  
pp. 93-126
Author(s):  
Presetyo Firgianto ◽  
Prof. Dr. S. Pantja Djati, M.Si., MA

Upstream oil and gas activities both searching up to oil and gas production are government programs where activities are regulated in legislation. Before drilling, to obtain oil and gas reserves, the need for land for drilling activities is a step that must be passed. Since the upstream oil and gas activities are government programs, the government guarantees the availability of land for such activities that can be classified into the public interest and set forth in Law No. 2 of 2012 on Land Procurement for Development for the Public Interest.               The formulation of the problem in this research is : How the stages of activities Land acquisition for the public interest PT.Pertamina EP - Paku Gajah Development Project?, What are the opportunities and impacts at each stage of the activity ? Land acquisition for public interest PT.Pertamina EP - Paku Gajah Development Project ?, and How is the mitigation effect of each stage of Land Acquisition activities for This research uses semi-quantitative descriptive method. The data collection tool used is questionnaire with liekert scale (1-5). The results of this study indicate that the stages of land acquisition for the public interest consists of planning, preparation, implementation, and delivery of results.


2018 ◽  
Vol 14 (1) ◽  
pp. 12
Author(s):  
Mohammad Hidayaturrahman

Government policies in natural resource management, especially in the oil and gas sector face a lot of problems. However, the government also has a responsibility to improve the life of people affected from oil and gas exploration and production activities. This research was aimed at investigating how the implementation of policies run by the central and local government toward the oil and gas management and community empowerment, especially the community located closely  to oil and gas exploration and production activity in Madura, East Java. This research method is phenomenological research using descriptive qualitative approach. Therefore, this study is conducted through direct observation on the object during the research time. The data collection is done through observation and interview. The results of this study revealed that it is needed an integrated step done by the government, vertically, whether central, provincial, district, and village to synchronize oil and gas management and community empowerment programs. By doing so, the ideas and desires to improve the welfare and increase the state income will be realized, especially in focusing corporate and government programs improving citizen’ economic and education, whose area becomes the location of oil and gas production.


Subject The implications for Japan of the US presidential election. Significance US presidential election campaign rhetoric has sparked serious concerns in Japan about Washington's commitment to the East Asia region in the context of a long-term rise in geopolitical tensions. Republican candidate Donald Trump has publicly questioned the value of the US-Japan alliance, while Democratic Party candidate Hillary Clinton has muted her previous support for the Trans-Pacific Partnership (TPP) trade agreement, seen as the economic component of the US 'rebalance' to Asia under President Barack Obama's administration. Impacts Doubts about the US commitment to the region work to Beijing's advantage. The US government's likely failure to ratify the TPP will damage perceptions of Washington's commitment to the region. Though occasionally mooted, the idea of developing nuclear weapons is a non-starter in Japan.


Subject Cuba's energy troubles. Significance With a previously generous Venezuela facing economic crisis and the United States tightening sanctions, Cuba’s ability to augment its limited domestic oil and gas production is severely constrained. It lacks the export earnings to invest in new technologies and power generating capacity that could ease its fuel supply problems. Russia and China have spoken of offering assistance, but neither is inclined to provide handouts in the absence of commercial returns. Impacts Cuba has tried to trade more with Algeria and Angola but remains vulnerable to international oil price shifts. As a major producer of both sugar and biofuels, Brazil could provide a model for Cuba’s biofuel plans. Cubans are resilient and accustomed to hardship; the country’s looming economic troubles are unlikely to trigger serious unrest.


Significance Some initiatives have been introduced to help counter the economic and social impacts of the pandemic, but the government’s actions appear to be driven less by the need to address the health crisis than by a desire to shore up political support ahead of elections next year. Impacts Opposition parties are beginning to forge electoral alliances in the hope of benefitting from popular frustration with the government. Trade and investment into Nicaragua will remain minimal, with external firms wary about the potential prevalence of COVID-19. The outcome of the US presidential elections in November will affect the potential for US aid and investment.


2015 ◽  
Vol 725-726 ◽  
pp. 306-316 ◽  
Author(s):  
Nikolay Dmitrievich Belyaev ◽  
Vladimir Valintinovich Lebedev ◽  
Anastasy Valerjevna Mishina ◽  
Igor Sergeevich Nudner ◽  
Konstantin Konstantinovich Semenov ◽  
...  

The need to study the problem of seabed local scour near offshore platforms has arisen in Russian Federation in connection with the activation of oil and gas production from fields located in coastal areas of seas (in accordance with the Energy Strategy for the period up to 2030, approved by the Government of the Russian Federation on November 13, 2009, No1715-p). Operation of offshore platforms is characterized by a number of features: shallow water areas; severe storm conditions; large transverse dimensions of structures that cause waves diffraction; the variety of used structure forms; the way of platform mounting on the seabed. During platform operation in the shallow waters, its basement soil is under an intense impact of sea waves, currents, as well as jets from engine of coming and berthing ships. The structure disturbs the natural wave flow. Near the platform, flow velocity increases, there are vortexes breakaway from platform corner edges. Scour holes appear and progress near platform foundation. Their location and measure depend on the parameters of external impacts, on the water depth, on the shape and dimensions of the foundation block.


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