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Sample records for brazilian oil company

  1. Competitiveness in the Brazilian oil industry. The Brazilian 'oil diamond'

    International Nuclear Information System (INIS)

    Zamith, R.; Moutinho Dos Santos, E.

    2000-01-01

    It is recognized the economic benefits that might follow the opening process of the Brazilian oil and natural gas industry, which shall experience a fast expansion with the arrival of national and international private investors. However, we should not neglect the broader impact of this process on the future development of all that cluster of national agents that lived around and served the former national oil monopoly, managed by the Brazilian National Oil Company, Petrobras. This work focuses on this larger perspective, discussing about the capacity of Brazil to sustain and expand its competitiveness in the oil business as well as to obtain the maximum economic development from the exploration of its oil and gas reserves. We adopt the work of Michael Porter, from the University of Harvard, about the Competitive Advantage of Nations, as a theoretical model to analyze the Competitive Advantage of Brazil in the global oil industry. By introducing the concept of ''oil diamond'', adapted from the notion introduced by this author, we develop a new understanding of national competitiveness in the oil sector. In this paper, we present the general model as well as a brief characterization of the results found for Brazil Subsequently, we focus on just one leg of the model, for which we discuss, with more detail, about the competitive condition of the country in the opening-up scenario. This leg regards the so-called supporting and supplementary industries that constitute what is denominated in the French tradition the ''para petroleum'' industry. We analyze the conditions for the Brazilian domestic ''para petroleum industry'' to survive and grow in the new competitive environment. (authors)

  2. Global oil company profiles

    International Nuclear Information System (INIS)

    1997-01-01

    Global Oil Company Profiles provides a comprehensive review of 50 of the top oil companies in the world. Each chapter is devoted to an individual company, providing an invaluable insight into the organisation, its structure and operations. Using the most recent data available, the report offers an up-to-date analysis of performance and future direction, as well as a unique benchmarking system for each company profiled. (author)

  3. Oil companies make cutbacks

    International Nuclear Information System (INIS)

    Dupin, Ludovic

    2014-01-01

    As oil prices are falling, the oil sector faces company restructuring, merger projects, closure of oil fields, and so on. Restructuring is motivated by the costs of offshore exploration and oil production projects. Saudi Arabia tries to fight the emergence of shale gases by reducing oil prices, and somehow succeeds as some projects in the USA are put into question again. Experts perceive this situation as an opportunity for the sector to improve its efficiency and reduce over-staffing

  4. Best Practices in Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Catia dos Reis Machado

    2013-04-01

    Full Text Available Competitive intelligence (CI is a systematic and ethical collection, analysis, dissemination and management of information about the external environment that may affect the plans, decisions and operations of the organization. Knowledge management (KM can be seen as a tool to promote organizational knowledge through the use of activities designed to identify, create, store, share and use knowledge. Companies face a challenge in the era of knowledge, it is the extraction and management of knowledge produced by people in the organization. CI and KM combined generates organizational intelligence. The exploratory study, based on literature and multicase study, we sought to identify best practices in processes of CI and KM in Brazilian companies. We identified practices related to the CI design process, the stages of the CI, the use of networks, and knowledge management. We also identified, points of attention on the internal/external organizational environment.

  5. The virtual oil company

    International Nuclear Information System (INIS)

    Garibaldi, C.A.; Haney, R.M.; Ross, C.E.

    1995-01-01

    In anticipation of continuing declines in upstream activity levels over the next 15 years, the virtual oil company model articulates a vision of fewer, leaner, but financially stronger firms that concentrate only on their core competencies and outsource the rest through well-structured partnering arrangements. Freed from the ''clutter,'' these leading companies will be in better position to focus on those opportunities that offer the potential for renewed reserve and revenue growth

  6. Happy oil companies

    International Nuclear Information System (INIS)

    Maincent, G.

    2009-01-01

    The decay of demand, the bad financial results of the first half of 2009 and the hypothetical depletion of reserves must not hide a reality: oil companies are passing through the economic crisis without much trouble. Even if profits have marked time in volume (-57% for BP, -65% for Shell..), the net margins have not significantly suffered and the available cash remains comfortable (14 billion euros for Total as an example). The perspectives offered by the new offshore sites (like Santos in Brazil) added to the fabulous promises of the Iraqi market where 'majors' can now make their come-back will be the key of success of oil companies. The overall exploration-production investments should start up again by the beginning of 2011. For the only offshore drilling domain, they should rise up by 32% during the 2009-2013 period which represents a sum of 367 billion dollars. (J.S.)

  7. Oil companies and human rights

    International Nuclear Information System (INIS)

    Chandler, Geoffrey

    1997-01-01

    This article highlights the need for oil companies in the future to take into account human rights in corporate decision making. The influence oil companies can bring to bear on government violating human rights, excuses for not voicing condemnation of abuses, and the 1948 Universal Declaration of Human Rights are discussed. (UK)

  8. The oil companies in 1998

    International Nuclear Information System (INIS)

    Cueille, J.Ph.

    1999-01-01

    The drop in the price of crude oil has had a strong impact on oil companies earnings in 1998: for the first three-quarters, profits were down by an average 30 %. The performance levels attained by the refining-distribution activities, generally on a upwards trend, were not able to compensate for the sharp decrease in upstream earnings. Given these unfavorable circumstances, a number of companies are cutting back on capital investment projects. Unable to make further internal cost reductions on the same scale as before, oil companies are seeking to realize productivity gains through regional partnerships or large-scale mergers that, to some extent, could modify the traditional oil industry ranking

  9. OPERATIONS MANAGEMENT TOOLS IN BRAZILIAN SMALL COMPANIES

    Directory of Open Access Journals (Sweden)

    Tonny Kerley de Alencar Rodrigues

    2014-12-01

    Full Text Available This research has the objective was to characterize the small Brazilian companies about the knowledge of operations management tools that help in improving the administrative process for these organizations. For that we chose a more positivist strand which values quantitative aspects. The research can be descriptive and explanatory, applied and/or intervention. As for media, research can be classified as documentary, bibliographic and/or participant. The population for this study is composed by Brazilian small enterprises are characterized by having a lower or equal to R$ 3,600,000 (approximately 1,800,000 dollars gross annual income. To collect information regarding the diagnosis of the degree of knowledge of small entrepreneurs, it was used a structured questionnaire using gradual tracks in identification of the respondent and the firm. It was found that the majority of managers interviewed small enterprises does not use the operations management tools. Is because they do not know such tools or have no need for their use in their companies.

  10. Multinational Oil Companies and Corporate Social Responsibilities ...

    African Journals Online (AJOL)

    Niger Delta Region, Nigeria), the concept of corporate social responsibility must be fully imbibed by the multinational oil companies. Therefore, this study examines multinational oil companies and corporate social responsibilities with particular ...

  11. Happy oil companies; Heureux petroliers

    Energy Technology Data Exchange (ETDEWEB)

    Maincent, G

    2009-08-27

    The decay of demand, the bad financial results of the first half of 2009 and the hypothetical depletion of reserves must not hide a reality: oil companies are passing through the economic crisis without much trouble. Even if profits have marked time in volume (-57% for BP, -65% for Shell..), the net margins have not significantly suffered and the available cash remains comfortable (14 billion euros for Total as an example). The perspectives offered by the new offshore sites (like Santos in Brazil) added to the fabulous promises of the Iraqi market where 'majors' can now make their come-back will be the key of success of oil companies. The overall exploration-production investments should start up again by the beginning of 2011. For the only offshore drilling domain, they should rise up by 32% during the 2009-2013 period which represents a sum of 367 billion dollars. (J.S.)

  12. INNOVATION PROCESS IN OPEN CAPITAL BRAZILIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Ricardo Floriani

    2013-12-01

    Full Text Available This study aims to identify the innovation process used by the open capital Brazilian companies and establish a ranking of the potentially innovative ones. For this, a questionnaire was sent to 484 companies with shares traded in Bovespa, receiving a response from 22. The innovation process is based on the model of Barrett and Sexton (2006. A summary of the results is presented below. (i Organizational Capabilities – 95.5% answered that they have incentives for innovation activities and 68.2% reported having procedures for all services. The leadership has a facilitator role encouraging the initiative (86.4% and promotes the maintenance of the group relationship (72.7%. Value risk taking, even through failures and prioritize the learning and experimenting new ideas. (ii Background of the innovation – reveals aspects of the capacity (internal or (external. Of the respondents, 59.1% developed internal activities of continuing P & D. Training to innovate is present in a continuous or occasional basis in 81.8% of the companies. The respondents characterize the economic environment as dynamic and the majority purchased software and equipments. In only 12 opportunities was a reference to obtaining patents as innovation protection measure. (iii Focus of innovation – the majority of the companies mentioned process or product innovation. Rewards are offered when the objectives are met and it is brought to attention when this does not occur. (iv Highlighted performance – the innovations achieved the expectations and created effects. The relevant benefits noticed were: improvement in quality of goods and services, increase of market share, increase of goods and services, and increase of productive capacity.

  13. Systematic risk variations (beta) convertible debenture brazilian companies

    OpenAIRE

    Renata Drumond Pinto Coelho Antonino; Wagner Moura Lamounier; Roberto Kaehler de Albuquerque Maranhão

    2010-01-01

    purpose of this article is to analyze the impact of issuing convertible debentures on the systematic risk of Brazilian companies. Some applied researches in the U.S. capital market (STEIN, 1992; LEWIS et al, 2002; RAI, 2005) indicate that convertible debentures may be used as an alternative financing source when adverse selection problem makes stock issuing unattractive financing source. The analysis of Brazilian companies that issued convertible debentures recorded in the period from 1998 to...

  14. [Prevalence and indirect costs of headache in a Brazilian Company].

    Science.gov (United States)

    Vincent, M; Rodrigues, A de J; De Oliveira, G V; De Souza, K F; Doi, L M; Rocha, M B; Saporta, M A; Orleans, R B; Kotecki, R; Estrela, V V; De Medeiros, V A; Borges, W I

    1998-12-01

    Employees from a Brazilian oil company research centre (n = 993) were interviewed on the occurrence of headache during a 30 days period. Headache prevalence was 49.8%, with a mean frequency of 4.3 +/- 7.0 attacks per month, lasting 12.2 +/- 21.4 hours each. According to the International Headache Society diagnostic criteria, migraine (5.5%), episodic tension-type headache (26.4%), chronic tension-type headache (1.7%) and headaches not fulfilling the criteria for such disorders (16.2%) were observed. Women suffered comparatively more headache and specifically migraine than men. The pain interfered with work productivity in 10% of the subjects, corresponding to 538.75 hours off. According to an indirect costs estimation for each headache, the company may loose up to US$125.98 per employee annually. Since among headaches migraine has the highest indirect cost, migraine prevention and treatment is particularly important at the working environment. Migraine frequency may be prevented to a large extent, resulting on positive effects in both the quality of life and productivity. The cost-benefit ratio clearly favours therapeutic and preventive programs against chronic headaches.

  15. luxury marketing: internationalization strategies for brazilian jewelry companies

    Directory of Open Access Journals (Sweden)

    Chaline Gasperini

    2010-04-01

    Full Text Available This article seeks to make an analysis of the luxury market and of Brazilian jewelry companies. The main objective is to analyze the attraction of external marketing to luxury brands internationalization, emphasizing Brazilian jewelry companies. First, the national environment of luxury market an jewelry in Brazil is presented. In sequence, it will address the possible goals, risks and opportunities that internationalized jewelry companies face in the expansion process and its difficulties in foreign markets. Finally, some forms of internationalization will be presented based on the case of the Brazilian jewelry companies H Stern and Talento Jóias. The methodology used in this article is exploratory, with documental analysis and in depth interview. As theoretical foundations for the article, the themes luxury, exportations, company internationalization and global market were addressed. The main author(s researched were: Allérès (2006, Almeida (2007, Czinkota (2001, Grande (2007, Lipovetsky e Roux (2005. Among the main conclusions, Brazilian jewelry companies have great advantages compared to other countries, having the possibility to use Brazilian nature resources, like precious stones and gems, thus, it become more interesting and viable to innovate and conquer external market. Besides, jewelry market attractions make several entrepreneurs interested in opening business in this field, and lately internationalize them, such as H Stern case.

  16. Valuation of international oil- and gas companies

    International Nuclear Information System (INIS)

    Osmundsen, Petter; Mohn, Klaus; Espedal, Harald; Loevaas, Kjell

    2002-01-01

    In Norway, stock exchange quotation of Statoil has led to increased interest in valuation of oil companies. This article goes through the theory of corporate valuation. Then it compares the theory with practice, where valuation largely is built on accounts-based indicators. Taking the oil companies as a case, the article describes and evaluates the valuation methods used by analysts and investment banks

  17. Oil Companies Climb Global List

    Institute of Scientific and Technical Information of China (English)

    JESSY ZHANG

    2006-01-01

    @@ Backed by the huge market size,China's energy companies have been ranked in the group of the world's largest industry players. On September 6th,eight companies from the Chinese mainland and six companies from Hong Kong SAR were included in this year's Platts Top 250 Energy Companies List.

  18. Systematic risk variations (beta convertible debenture brazilian companies

    Directory of Open Access Journals (Sweden)

    Renata Drumond Pinto Coelho Antonino

    2010-01-01

    Full Text Available purpose of this article is to analyze the impact of issuing convertible debentures on the systematic risk of Brazilian companies. Some applied researches in the U.S. capital market (STEIN, 1992; LEWIS et al, 2002; RAI, 2005 indicate that convertible debentures may be used as an alternative financing source when adverse selection problem makes stock issuing unattractive financing source. The analysis of Brazilian companies that issued convertible debentures recorded in the period from 1998 to 2006 and that presented liquidity on the market indicated that variation in beta, on average, is positive. These results are coherent with the signaling hypothesis and with the absence of convertible debenture issuing in 2005 and 2006 on the Brazilian market. They also may be related to the precarious financial situation of issuing companies, observed by the analysis of some financial indicators in year of issue and in two pre- e post-issuing years.

  19. Cash Holdings Policy: a Dynamic Analysis of Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Fadwa Muhieddine Dahrouge

    2013-09-01

    Full Text Available This paper investigates how corporate cash holdings were adjusted over time for Brazilian companies during the crisis of 2008-2009. We adopt a dynamic model of corporate cash holdings to evaluate the main determinants for the speed of adjustment of cash holdings at the optimum level. We find evidence that: a the adjustment costs of Brazilian companies are high implying a delay in reaching the optimum level of cash; b the low speed adjustment to the optimum level is due to the limited availability of credit and the high cost of bank debt; c during crisis, the changes in working capital are positively related to the level of cash holdings providing evidence that companies prefer finance to growth with liquidity; d companies have looked for long-term financing to secure liquidity rather than investing on fixed assets, implying a negative relationship between investment and cash holding.

  20. Open Innovation and Business Model: A Brazilian Company Case Study

    Directory of Open Access Journals (Sweden)

    Elzo Alves Aranha

    2015-12-01

    Full Text Available Open Innovation is increasingly being introduced in international and national organizations for the creation of value. Open innovation is a practical tool, requiring new strategies and decisions from managers for the exploitation of innovative activities. The basic question that this study seeks to answer is linked to the practice of open innovation in connection with the open business model geared towards the creation of value in a Brazilian company. This paper aims to present a case study that illustrates how open innovation offers resources to change the open business model in order to create value for the Brazilian company. The case study method of a company in the sector of pharma-chemical products was used. The results indicate that internal sources of knowledge, external sources of knowledge and accentuate working partnerships were adopted by company as strategies to offer resources to change the open business model in order to create value.

  1. National Oil Companies: the view from Venezuela

    International Nuclear Information System (INIS)

    Rodriguez, M.

    1994-01-01

    National oil companies were key elements in the initial OPEC strategy and they brought a de-integration of oil industry. These companies have tried to move from crude marketing to product marketing through new investments at home and abroad in order to get higher value added and more secure markets for crude. Low prices bring new challenges. Venezuela's answers are strategic associations, operating contract for marginal fields and profit sharing agreements. (Author)

  2. National oil companies of South East Asia

    International Nuclear Information System (INIS)

    Singh, Gurdip

    1998-12-01

    Contains Executive Summary and Chapters on: Pertamina; Petronas; Petroleum Authority of Thailand; Philippines National Oil Company; Petro Vietnam; Myanmar Oil and Gas Enterprise; Singapore; Asean Free Trade Agreement, and Appendix on Petroleum tax legislation in the main south east Asian countries. (Author)

  3. The Brazilian 2010 oil regulatory framework and its crowding-out investment effects

    International Nuclear Information System (INIS)

    Florêncio, Pedro

    2016-01-01

    Investment is an essential variable in the oil sector. It is even more important in the vast Brazilian pre-salt domains, where the technological requirements are high and sophisticated. The Brazilian National Oil Company, Petrobras, is facing severe financial limitations to undertake these disbursements. Other oil companies will therefore have to be significantly engaged in the endeavour, which reinforces further the importance of attracting investments in Brazil. Yet this article shows that the governance architecture established in the 2010 Brazilian oil framework will deter investments in several ways, giving rise to agency problems among entities and moral hazard situations because of contractual legal liabilities. There are some credible indications that the government of President Lula overestimated the attractiveness of the Brazilian pre-salt oil discoveries and their capacity to draw investments when proposing the 2010 changes. Little attention was given to the careful examination of how the framework would affect investors, under the assumption that the favourable geological conditions would be sufficiently attractive in themselves. Even though the 2010 reforms have brought some minor advancements and there have been some signs that the government has been recently attempting to mitigate some of the problems examined in this article, that is not enough. - Highlights: • The Brazilian regulatory oil framework deters investments in the country. • The governance setting between entities is one of its worse aspects. • It causes agency problems and moral hazard situations. • Brazil has to urgently tackle these investment hindrances.

  4. DETERMINANT FACTORS OF THE CAPITAL STRUCTURE OF BRAZILIAN TECHNOLOGY COMPANIES

    Directory of Open Access Journals (Sweden)

    Camila Freitas Sant´Ana

    2015-12-01

    Full Text Available The purpose of this study is to identify determinant factors of the capital structure of Brazilian technology companies. The research was characterized as descriptive, document and quantitative, consisting of 21 companies in the communications, telecommunications and digital industry, according to the Exame magazine ranking. The analysis was established from 2009 to 2013 using panel data regression. The results indicate that the growth rate of capital and control type have a positive relationship with the general and long-term debt. However, it was found that company size, profitability and type of capital point to a negative relationship with the capital structure.

  5. Falling R and D in oil companies

    International Nuclear Information System (INIS)

    Creusen, H.; Minne, B.

    2000-01-01

    During the last decade, the research expenditures of the 11 major oil companies and two specialised oil engineers have dropped worldwide. To explain this trend, this article points to an R and D race among the companies and to certain common expectations. The race is due to the absence of knowledge spillovers across the companies, because they need to keep their process innovations secret. Common expectations regarding the high risks of research for new energy sources leads to wait-and-see behaviour instead of own research. A small increase in research efficiency partly compensates for the drop in R and D

  6. Oil companies and village development in Nigeria

    International Nuclear Information System (INIS)

    Ikporukpo, C.O.

    1993-01-01

    The economic interest of oil companies and the oil-producing Third World countries, together with the technological handicaps and political considerations of the latter, provide the scenarios within which the two groups interact. In the early history of oil exploitation, the relationship was such that the oil companies had the final say in all matters. Furthermore, apart from the token royalty, no taxes were usually imposed on the exploration companies. The relationship between the oil companies and the host local communities, even in the developed countries, seems to be a replica of that between the companies and the host countries. There is the feeling in many of the local communities that they have gained little or nothing from petroleum exploitation. This is the case not only in the setting of a less developed country, such as Nigeria, but also in that of a developed country, such as the United States. In these communities, the adverse environment effect of oil exploitation is usually perceived as being overwhelming. (author)

  7. State oil companies have diverse strategies

    International Nuclear Information System (INIS)

    Anon.

    1994-01-01

    The Journal's series on state-owned oil companies continues with profiles on seven more companies which already are, or could be, important players in the international oil industry. The first part of this series appeared last August. It featured the world's producing giants. This installment shows that national oil companies are definitely not cut from the same mold and that they have diverse mandates from their countries or have developed unusual niches in the oil world. The objective of these profiles is not to fully cover the plans and performance of such companies. That is done regularly in weekly editions of OGJ. Rather, these articles are written by a team of experienced Journal editors to characterize the individual companies, describe their mandates and organization, and present some professional background information, when available, on those in top management with the hope of getting some insight into the corporate cultures. The companies covered come from Brazil, China, Finland, Japan, Norway, Oman, and Vietnam. In addition the article profiles Borealis Holding A/S, created from the merger of two state companies from Norway and Finland

  8. Oil fiscal regimes and national oil companies: A comparison between Pemex and Petrobras

    International Nuclear Information System (INIS)

    Ramírez-Cendrero, Juan M.; Paz, María J.

    2017-01-01

    Analysis of the determinants of the performance of national oil companies (NOCs) is and has always been among the most discussed topics in specialized literature. In this context, the uneven path experienced by two major Latin American NOCs – Petrobras and Pemex – is striking. Our work seeks to explain the uneven performance, focusing on the productive aspects. In particular, we analyze the oil fiscal regimes in Brazil and Mexico as a very crucial aspect – though not the only one – within oil-rich countries that may shed light on the disparities between Petrobras and Pemex. The contribution of our work to the existing literature derives from the relationship that we establish between the characteristics of the respective oil fiscal regimes and the productive performance of the two NOCs, with special consideration paid to the ways in which a fiscal regime contributes, or not, to promoting and guiding the investment efforts of companies. We compare investment, production, and reserve indicators of Pemex and Petrobras and conclude that the Mexican and Brazilian oil fiscal regimes can largely explain the productive and investor performance of both NOCs. - Highlights: • We analyze the oil fiscal regimes in Brazil and Mexico. • We outline the major features in both national oil companies, Petrobras and Pemex. • We compare investment, production, and reserve indicators of Pemex and Petrobras. • We conclude that the OFRs largely explain the productive performance of the NOCs.

  9. Foreign oil companies weathering Peru's political crisis

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports that foreign oil companies are weathering Peru's political crisis, and the outlook for increased foreign participation in Peru's petroleum sector remains promising. There has been improvement in the political turmoil and soured international relations that followed President Alberto Fujimori's Apr. 5 suspension of Peru's Congress, charging political corruption and attempts to block his fiscal reforms. But there are fresh concerns over an increase in terrorism aimed at oil industry facilities by antigovernment guerrilla groups in Peru. Meanwhile, state-owned oil company Petroleos del Peru (Petroperu) continues efforts to sell assets as part of Fujimori's mandated privatization program. And foreign companies continue to grapple with uncertainty and bureaucratic red tape in chasing investment opportunities in Peru's beleaguered but opening petroleum sector

  10. The six sigma program: an empirical study of brazilian companies.

    OpenAIRE

    Carvalho, Marly Monteiro de; Ho, Linda Lee; Pinto, Silvia Helena Boarin

    2014-01-01

    Purpose – The purpose of this paper is to assess the status of Six Sigma's status in Brazilian companies and understand the integration of this program with other quality management approaches. Additionally, the critical success factors (CSFs) for Six Sigma implementation and primary Six Sigma program characteristics were identified. Finally, the results of the used of Six Sigma were analysed. Design/methodology/approach – An extensive literature review illustrates the primary Six Sigma c...

  11. What if simulation for a Brazilian company regarding marketing budget

    Directory of Open Access Journals (Sweden)

    Diogo André PINTO

    2016-06-01

    Full Text Available The article research is a case study regarding how to design the marketing budget for a small Brazilian company that started the activity one year ago. Taking into account the data that we gather, we decided to use What-if simulation. The case study is a simplified model representation of a company, adjusted according to the data that is released as target for the following year. In practice, the formulation of a scenario allows the construction of a hypothetical world that the analyst can see and navigate.

  12. The oil companies' move toward energy

    International Nuclear Information System (INIS)

    Burucoa, X.

    1999-01-01

    The oil companies have taken advantage of the deregulation of the energy market to extend their core business. By choice or by necessity, they are becoming multi-energy suppliers. Their level of investment in the renewable energy sector goes to show that the trend is a lasting one. The other energy sector companies, whether they are partners or competitors, cannot remain indifferent to this development

  13. ENVIRONMENTAL STRATEGY IN OIL COMPANIES

    Directory of Open Access Journals (Sweden)

    ALBU MĂDĂLINA

    2014-08-01

    Full Text Available Like any other industrial activity, the production of hydrocarbons affects the environment both through the performance of actual technological process and through undesired accidents, which may occur. This paper presents environmental protection as an integral part of the sustainable development concept and it outlines the matter of environmental protection in connection with oil rigs and the assessment of ecologic impact. Environmental impact is direct or indirect effect of human activity that produces a change in the direction of development of the quality status of ecosystems. Control the impact requires detailed knowledge of the phenomenon, which involves the stages of identification, estimation, evaluation, etc. This is what is intended by the general concept of Environmental Impact Assessment (EIA. The orientation of the economy towards sustainable development requires achieving a growth process conducted in terms of ensuring a social welfare of the population as high ensuring time and preserving the Earth and its natural resources. The purpose of all economic activity, as well as the activities in the oil industry, is getting competitive and efficient economic outcomes in the context of environmental-economic requirements imposed by the accession of Romania to the European Union . It is located at the interface eco-efficiency economic and social efficiency, which takes into account the ecological component in economic decision making because environmental issues are inseparable from the welfare and economic processes in general.

  14. Overseas Investments by Chinese National Oil Companies

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-07-01

    This report examines inaccuracies in some commonly held views of China's National Oil Companies (NOCs). Until now, there has been little analysis to test the widely held presumption that these companies act under the instructions and in close co-ordination with the Chinese government. Nor have critics been challenged on the validity of their concerns about investments made by these NOCs, and how they could be blocking supplies of oil for other importing countries. The IEA analysis, however, finds that contrary to these views, the NOCs actually operate with a high degree of independence from the Chinese government, and their investments have in fact largely boosted global supplies of oil and gas, which other importers rely on.

  15. Why the oil companies lost solar

    International Nuclear Information System (INIS)

    Miller, Damian

    2013-01-01

    Solar energy is a growing source of electricity supply. Oil companies including BP and Shell recognized this early on and entered the solar industry when it was still in its relative infancy. These companies invested heavily in vertically integrated solar companies that were at one point among the largest in the world. But neither BP nor Shell was successful, and they both decided to exit the solar market. This stands as a paradox since such companies have the funds, the long-term perspectives, the management systems, the multinational presence and the lobbying clout to potentially succeed in this new energy industry. Why were they not successful, and why did they ultimately exit? This paper uses innovation theory to explore the reasons why large incumbent corporations typically fail to succeed in commercializing disruptive innovations at scale. Evidence from semi-structured interviews and discussions with former employees of BP Solar and Shell Solar confirm the explanatory power of key constructs from innovation theory in accounting for the big oil companies' experience with solar technology. Ultimately, the findings suggest that oil companies would have done better to treat their solar businesses as separate stand-alone entities. - Highlights: • This paper examines why BP and Shell were not successful in solar, and exited. • It finds innovation theory to be very helpful in answering the question. • The evidence from semi-structured interviews, press reports, and archival documentation is in line with innovation theory. • Both the theory and the findings offer a different way forward for future oil and gas entrants

  16. Fair Information Principles of Brazilian Companies online privacy policies

    Directory of Open Access Journals (Sweden)

    Patricia Zeni Marchiori

    2016-05-01

    Full Text Available This research aims to present the Fair Information Principles in the privacy policies of the websites of major Brazilian companies (according to the 2014 Forbes Magazine list. The check and analysis were supported by a checklist compiled from documents issued by the Federal Trade Commission and the Organization for Economic Co-operation and development. The study selected fourteen companies from a universe of twenty-five, considering the immediacy criterion of access to the privacy policy on their websites. The security (safeguards principle is the most widespread foundation at the privacy policies of the companies selected (existing in eight of the fourteen analyzed policies; and the principle of responsibility receives less adhesion due to the fact that it is not covered in any of the examined online privacy policies. The Sabesp Company presents the most complete privacy policy, considering the compliance with the Fair Information Principles when compared to the others perused, while WEG does not present any of the principles identified in the documental survey. As for e-commerce, the number of companies that assume some of the Principles is further reduced. For the selected universe the adherence to the Fair information Principles is still incipient, althought its use is not mandatory. An open discussion of the proposed Brazilian law about personal data protection should play an important role in creating further guidance on the subject. Additional studies in this subject should involve the perception of users, as well as a cutout of companies which target e-commerce, considering that an effective alignment with these principles and other guidelines are required in order to protect the user’s privacy and personal data in the web environment.

  17. Valuation of international oil companies - size matters

    International Nuclear Information System (INIS)

    Mohn, Klaus

    2005-01-01

    According to economic theory, exploration and the development of new oil and gas fields should respond positively to increasing prices. But since the late 1990s, financial analysts have focused strongly on short-term accounting return measures, like RoACE (Return on Average Capital Employed), for benchmarking and valuation of international oil and gas companies. Consequently, the demands for strict capital discipline among oil and gas companies may have reduced their willingness to invest for future reserves and production growth. We investigate the presumed positive relation between RoACE and stock market valuation. Based on panel data for 12 international oil and gas companies for the period 1997-2002, we seek to establish econometric relations between market valuation on one hand, and simple financial and operational indicators on the other. Our findings do not support the perceived positive relation between reported RoACE and market-based multiples. Recent evidence also suggests that the stock market is increasingly concerned about reserve replacement and sustained profitable production growth. The current high-price, low-investment equilibrium is therefore hardly stable. (Author)

  18. IFRS ADOPTION AND EARNINGS MANAGEMENT IN BRAZILIAN PUBLICLY TRADED COMPANIES

    Directory of Open Access Journals (Sweden)

    Roberto Midoguti Joia

    2014-03-01

    Full Text Available In 2007, Brazil adopted the International Financial Reporting Standards (IFRS. Studies involving publicly traded companies in different countries around the world indicate that these new standards tend to improve the information quality and make it more comparable and transparent. This study was aimed at verifying any changes in the earnings management levels after 2010 and whether this happened in function of the full adoption of the IFRS by the Brazilian publicly traded companies (except for financial institutions. The data were extracted from the three-monthly financial statements of the databases from Economática and the Brazilian Securities Commission for the period from 2006 till 2011. To achieve the research objectives, two tests were applied. The first showed that the average discretionary accruals, calculated through the Modified Jones Model, were lower after 2010. Next, the regression analysis was elaborated, using panel data with Newey-West’s correction. The results did not confirm the hypothesis that the adoption of the IFRS affected the earnings management level in the period under analysis, but showed that the size and indebtedness significantly explain the discretionary accruals, independently of the adoption of the IFRS. The results suggest that larger companies with a large proportion of own capital tend to produce higher quality reports, independently of the adoption of the IFRS.

  19. Unconditional conservatism in Brazilian public companies and tax neutrality

    Directory of Open Access Journals (Sweden)

    Juliana Pinhata Sanches do Vale

    2017-03-01

    Full Text Available ABSTRACT Law n. 11,638/2007 legitimized the International Financial Reporting Standards (IFRS adoption process in Brazil and introduced an accounting system detached from tax purposes in the country. This law aims to reduce the influence of tax law on accounting standards and improve the quality of financial reporting, as IFRS are considered to be higher quality standards. International literature shows a reduction in earnings quality in environments where accounting and tax rules are strongly linked. Moreover, the influence of tax legislation on financial accounting is seen to encourage unconditional conservatism, a bias with no advantages for financial market efficiency. Thus, tax neutrality is expected to provide a more favorable institutional environment for quality financial reporting by detaching corporate accounting from tax accounting. In light of the above, this study aims to verify whether the advent of tax neutrality influences unconditional conservatism in Brazilian public companies. The methodology used involves panel data regressions. The sample consists of non-financial publicly-traded companies with information published in Economática® covering 2002 to 2014. The results show differences in the relationship between taxation and financial reporting between firms that are subject to different levels of monitoring in the Brazilian stock market. Evidence of unconditional conservatism is only found in companies that are subject to greater market monitoring. In this group, it is observed that taxation does not induce unconditional conservatism in reported earnings, which is expected in a tax neutrality context.

  20. Budgeting practices: a study on Brazilian hotel companies

    Directory of Open Access Journals (Sweden)

    Paula de Souza

    2015-12-01

    Full Text Available This study aims to explore the budgeting practices in the hotel companies of Brazil’s main tourist centers. The justification is oriented by the number of foreign tourists received by the top ten Brazilian tourist destinations, which reaches 95% of the country. Another motivation is the lack of research on hotel companies in developing countries, and it should also be considered that Brazil will host the World Cup in 2014 and the Olympic Games in 2016, which requires a suitable hotel structure to receive a large number of athletes and tourists. Thus, in order to achieve the purpose of this study, surveys were sent to the hotels associated with the Brazilian Association of the Hotel Industry (ABIH, with replies by 40 hotel companies. Descriptive statistics were applied to the results, in order to improve the basis for discussions. The results indicate that most of the hotels adopt corporate budgeting with bottom-up as main budgeting process. Research shows that budgets are developed, more frequently, using the results from previous years and economic indicators. In the performance evaluation, the comparative analysis, the analysis of the causes of deviations and adequacy measures are often applied. The analysis of variance is primarily directed at controlling costs/expenses, identifying potential problems and providing feedback for the next period.

  1. Stock Options Economic Determinants of Brazilian Listed Companies

    Directory of Open Access Journals (Sweden)

    Isaac Gezer Silva de Oliveira

    2018-01-01

    Full Text Available It aim to identify the economic determinants that influence the use of stock options plans in Brazilian public companies listed on the Brazilian Securities, Commodities, and Futures Exchange (BM&FBovespa. Theoretically, the study relies on agency theory and corporate governance and executive compensation body of knowledge. Four research hypotheses were drawn concerning financial performance and corporate value; indebtedness; ownership concentration; and size. The sample was comprised of 100 companies with greater liquidity shares and volume for six years (from 2010 to2015.Data were examined from the logistic regression panel. The results lead to the rejection of the first and the fourth hypo the sesindicating, in the case of H1, that the higher financial performance the lower is probability of use stock options and, in the case of H4, that the higher size is related the lower is probability of use of stock options in their incentive plans for executives. The third hypothesis (H3 was not rejected, indicating that the ownership concentration relates negatively with the use of stock options. Regarding the second hypothesis (H2, the results did not present statistical significance indicating the absence of a relationship between indebtedness and the use of stock options. As a summary of the results it was found that the use of stock options tend to be used by lower companies, with lower ownership concentration and lower financial performance.

  2. Oil companies: institutional and economic transformation

    International Nuclear Information System (INIS)

    Clo, Alberto

    2007-01-01

    In the last century, experience in the oil industry, suggested that some particular conditions were functional to the success of big companies strategies when facing exogenous market conditions hold true even nowadays, in face of the energy market institutional and economic transformations which are in place since the start of the new century. In other ways, are the majors still able to anticipate the market shifts and changes and to profit of these in terms of growth opportunities and competitiveness? [it

  3. Cleaner Production: A Growing Movement in Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Oduvaldo Vendrametto

    2010-03-01

    Full Text Available Cleaner Production (CP is gaining emphasis in both world and Brazilian production sectors. Nature’s warnings indicating the exhaustion of any capacity to absorb and regenerate waste, stricter legislation regarding pollution emitters, market competitiveness associated with environmental and social responsibility cause concerns and lead to actions to reduce aggressions against the environment. This paper shows evidence of this concern and presents cases in which a large automotive industry, acting as a partner to suppliers, promotes changes in how it delivers its products, eliminating large cardboard, plastic and wood packaging. A small company had a similar initiative, reducing the use of cardboard and plastic packaging. More important is the revelation of a widely dispersed, yet growing and incremental movement of responsibilities among companies.The benefits of cleaner production implementation were evaluated by confronting environmental and financial assessment. For the ambient evaluation, it will be used methodology of Material Intensity (Wuppertal Institute, a.

  4. Strategies of African national oil companies

    International Nuclear Information System (INIS)

    Auge, Benjamin

    2017-09-01

    The study and comparison of different National Oil Companies (NOC) help understanding the political history of Algeria, Nigeria and Angola. The NOC's role and activities depend on several economic and political aspects. For example, Angolan Sonangol has been the coffer for the Popular Movement of Liberation of Angola (MPLA) party to fund its struggle against the National Union for the Independence of Angola (UNITA) party during civil war. Hence the key role played by this NOC in the past and its continuing key influence today. In Nigeria, The Nigerian National Petroleum Corporation (NNPC) became more and more bureaucratic, its efficiency is questionable as the company became the epicentre of the corruption in the country (several cases regarding billions of dollars have emerged recently). By contrast, Algeria's Sonatrach has accumulated a real know how in exploring and producing oil and gas but several successive laws discouraged private sector investments. Algeria doesn't have the necessary technology for unconventional oil and gas exploration (notably shale oil and gas), neither the funds to develop all its huge geological potential

  5. Environmental Financial Information: differences in disclosure levels among Brazilian companies

    Directory of Open Access Journals (Sweden)

    Janaína da Silva Ferreira

    2016-03-01

    Full Text Available Issues related to the environment and sustainability have motivated interests of the academic community and organizations. The current model of society is permeated by excessive production and consumption, which is exacerbating man's relationship with nature. It is a fact that, to subsist, society needs the manufacturing of products and delivery of services, but it is also known that manufacturing products and providing services impact the environment. The impact also differs according to the activity that is developed. In Brazil, Law No. 10.165/2000 determines on the National Environmental Policy and ranks companies according to the environmental impact they cause. This research analyzed the voluntary disclosure of environmental financial information in Brazilian companies, classified into sectors with different environmental impacts. Therefore, we investigated the Standardized Financial Statements of the companies that make up the IBRX-50 index, in its portfolio from May to August 2014, in the years 2011, 2012 and 2013. The measure ranked the environmental financial information, distributing the data into seven categories and 30 subcategories. The most evidenced category relates to environmental investments, with 58% of the information disclosed. The highest amount presented was in the category of environmental liabilities and contingencies, with R$259.84 billion. The results show that there is a difference in the disclosure of environmental financial information compared to the amount of sentences disclosed without the number of subcategories evidenced. The nonparametric test and content analysis showed that, in the years analyzed, companies with high environmental impact disclose more environmental financial information.

  6. Determinants of Audit fees by Brazilian Companies Publicly Traded

    Directory of Open Access Journals (Sweden)

    Victor Placeres Borges

    2017-08-01

    Full Text Available The studies on the determinants of audit fees in Brazil became possible with the mandatory disclosure of audit expenses in 2009. Thus, the objective of this research was to identify the determinants of the fees paid by Brazilian publicly traded companies to independent auditors in 2010 to 2014. The analysis took place through regression with data arranged in panel. Size, performance, complexity, audit firm size, adoption of corporate governance practices, audit rotation, industry and litigation risks have all been found to have an impact on the fees. Therefore, the aspects that can be used by companies for the purpose of information management or that require more auditing timefor signaling points of greater risks are highlighted. In addition, understanding the determinants allows companies to plan future expenditures with audit fees and assists regulators and inspectors in defining and comparing key determinants of firms for identifying abnormal payments. These results complement the research in Brazil, Australia, Bangladesh, Norway, Bahrain, England, Jordan, Kuwait, USA, Malaysia, Nigeria, Abu Dhabi, Italy and Indonesia.

  7. FUZZY CLUSTERING: APPLICATION ON ORGANIZATIONAL METAPHORS IN BRAZILIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Angel Cobo

    2012-08-01

    Full Text Available Different theories of organization and management are based on implicit images or metaphors. Nevertheless, a quantitative approach is needed to minimize human subjectivity or bias on metaphors studies. Hence, this paper analyzed the presence of metaphors and clustered them using fuzzy data mining techniques in a sample of 61 Brazilian companies that operate in the state of Rio Grande do Sul. For this purpose the results of a questionnaire answered by 198 employees of companies in the sample were analyzed by R free software. The results show that it is difficult to find a clear image in most organizations. In most cases characteristics of different images or metaphors are observed, so soft computing techniques are particularly appropriate for this type of analysis. However, according to these results, it is noted that the most present image in the organizations studied is that of “organisms” and the least present image is that of a “political system” and of an “instrument of domination”

  8. CONDITIONS OF FORMING OIL COMPANY INNOVATIVE DEVELOPMENT MODEL

    Directory of Open Access Journals (Sweden)

    A. N. Dmitrievsky

    2012-01-01

    Full Text Available Innovative development of contemporary RF oil industry enterprises and companies faces considerable difficulties. Main problems that hamper scientific and technological development and modernization of domestic oil companies are lack of demand for innovations, specific corporateculture of these companies and the country’s scientific and technological politics. Situation with advanced domestic technologies in the industry and their long-lasting and efficient use by Russian enterprises and companies is examined.

  9. Ecological and Economic Indicators of Oil and Gas Companies Functioning

    OpenAIRE

    Anastasia V. Sheveleva

    2016-01-01

    This article analyzes the basic ecological-economic indicators of oil and gas companies, in particular the various volumes of oil, the number of spills per year of CO2 emissions, the costs of environmental protection. In the process of exploration, development and exploitation of oil and gas fields, production, refining, transportation and storage companies have a negative impact on the environment. Occur accidents involving oil spills, emissions and discharges of pollutants into the environm...

  10. The oil and gas sector in the brazilian economy

    OpenAIRE

    Guilhoto, Joaquim J.M.; Ichihara, Silvio Massaru; Postali, Fernando Antonio Slaibe

    2007-01-01

    This paper presents the results of a research conducted to measure the importance of the oil and gas complex in the Brazilian economy and in its states, henceforth called O&G. Initially, the efforts were concentrated on the construction of an interregional input-output system for the 27 states of the Brazilian economy at the level of 42 industries, for the year of 2002. By using this system, it was possible to make an analysis of the role played by the oil and gas complex in the Brazi...

  11. The effectiveness of the Brazilian customs activity as a conditioning of the partnership and business results among oil and gas companies; A efetividade da atividade aduaneira brasileira como condicionante dos resultados das aliancas e negocios entre empresas de petroleo e gas

    Energy Technology Data Exchange (ETDEWEB)

    Silva, Helio Fernando R. [Ministerio da Fazenda, Rio de Janeiro, RJ (Brazil). Terceiro Conselho de Contribuintes; Pires, Adilson Rodrigues [Contex - Consultoria em Administracao e Comercio Exterior, Rio de Janeiro, RJ (Brazil); Alves, Ronaldo J. [Ronaldo Alves e Associados, Consultores em Exploracao e Producao, RJ (Brazil)

    2000-07-01

    The thriving of the national oil and gas production depends in major part on the effectiveness of the import operations at non-definitive title made under the customs special regime named Special Customs Regime for Export and Import of Goods for Oil and Natural Gas Exploration and Production Activities - REPETRO. This regime has not totally complied with the targets it has been conceived for, that is, to enable the development of the oil and gas industry at the least import costs in a legal stable environment. This regime is a precarious norm, conceived in a hurry, aiming solely at not unveiling the big threat to the forming of partnerships among companies acting in the commerce of import and/or export of equipment for the exploration and production in the Brazilian territory, that is, the intent of the Federal Fiscal Administration to using the import tax, an extra-fiscal tax by its nature, as a mere collecting instrument. This fact becomes evident from a more detailed analysis of certain aspects of the REPETRO normative structure. (author)

  12. The PETROBRAS and the end of monopoly: a legal vision of the new tendency of the Brazilian oil company; A PETROBRAS e a flexibilizacao do monopolio: visao juridica sobre os novos rumos da empresa petrolifera brasileira

    Energy Technology Data Exchange (ETDEWEB)

    Camara, Camila Gomes; Silva, Julianne Holder da Camara; Xavier, Yanko Marcius de Alencar [Universidade Federal do Rio Grande do Norte (UFRN), Natal, RN (Brazil). Programa de Recursos Humanos em Direito do Petroleo e Gas Natural

    2008-07-01

    The situation in the oil industry in Brazil has a history that predates the creation of PETROBRAS, dating from approximately end of the nineteenth century, but only with the state economic sector that was spent to develop the full steam, so that Law No. 2.004 / 53 was the real point for the insertion of that product domestically. However after the issue of Constitutional Amendment No 09/95, requiring the creation of a law for the industry itself, from then on PETROBRAS is no longer the only one in the industry, and will act in competition with other private companies. With the promulgation of Law 9.478/97 has been subject to supervision and control by the National Petroleum Agency, Regulatory Agency sector. In this context the present study aims to show how the state was in the national market and its integration within international oil, bringing relevant points as the paid procedure disciplined in Article 22, Section 2 of the law cited, and its position as a leader in offshore production. (author)

  13. Valuation of oil companies - Implications for corporate behaviour

    International Nuclear Information System (INIS)

    Osmundsen, Petter

    2002-06-01

    The report discusses control signals given by the stock market to listed companies and relates this to agency theory. Oil companies are used as a case. The market responds to financial signals from the companies. The market response on various financial indicators represents an implicit incentive scheme for the companies. This is described and the adaptation of the companies is discussed. In addition, the report deals with the significance of a threat of acquisition, and private vs. public ownership

  14. Development Efforts Of Oil Companies As Perceived By Rural ...

    African Journals Online (AJOL)

    ... that the host communities are highly satisfied with companies' efforts (projects and services) to them. Based on these findings, recommendations were made. Key words: Oil producing communities; oil exploration/production; company's development efforts; Journal of Agriculture and Social Research Vol.4(1) 2004: 60-71 ...

  15. Developments in the strategic planning of the major oil companies

    International Nuclear Information System (INIS)

    Jenkins, Gilbert

    2000-01-01

    This paper focuses on the changes in strategic planning of the major oil companies since the 1970s, and considers the reorganisations of the companies, and upstream and downstream planning. New directions for the major companies downstream operation in the retail and aviation sectors, and the influence of the BP/AMOCO/ARCO/BURMAH, EXXON/MOBIL and TOTAL/FINA/ELF mergers on the international oil industry are explored. Tables illustrating the earnings of the major oil companies for upstream and downstream operations, and chemicals in 1999, and for BP UK exploration and production, and refining and marketing profits (quarterly) for 1983-2000 are presented

  16. Turning round the tanker: oil companies and corporate social responsibility

    International Nuclear Information System (INIS)

    Flynn-English, Teresa

    1999-01-01

    This article focuses on the conversion of oil companies to Corporate Social Responsibility (CSR), and their dialogue with charities after their reputations plummeted earlier in this decade, and traces this change in corporate culture and the restructuring of toil company operations to take into account CSR. The growing business for CSR consultants and ethical investment companies, the role of charities such as Oxfam in promoting CSR, the fact that most of the world major oil reserves are in countries with human rights problems, the potency of peer pressure, and the competitive disadvantages now attached to companies having a negative impact are discussed. It is questioned whether the cultural transformation is just another PR exercise, and the unbridgeable gap between environmentally friendly operations advocated by Greenpeace and oil company operations, and the CSR performance of the oil giants are considered. Details of the Nigerian experience, codes for companies, and the views of Greenpeace and Amnesty are given. (UK)

  17. The future of national oil Companies of OPEC

    International Nuclear Information System (INIS)

    Subroto.

    1994-01-01

    OPEC countries are dependent on their National Oil Companies for international trade, economy, technology transfer and social planning. With low oil prices, increasing demand and worsened financial and economic status, time has come to give priority to two major issues necessary for health existence and growth of our national oil companies : cost reduction through the application of new technologies and less support from public funds ; planning for future markets beyond national borders, particularly developing countries. (Author)

  18. Differences in the patent management in Brazilian companies with and without plants abroad

    Directory of Open Access Journals (Sweden)

    Hilda Maria Salomé Pereira

    2014-12-01

    Full Text Available This paper compares the procedures of local Brazilian companies (those which have plants in Brazil only with those of international Brazilian companies (which have plants in at least two countries regarding the patent management. Although there are a lot more variables to consider when examining the issue of patents in companies, this study presents and analyzes the results of a qualitative research on the decision to patent innovations, the choice of countries where to patent and the strategic significance of patents to the company.

  19. Australian Coal Company Risk Factors: Coal and Oil Prices

    OpenAIRE

    M. Zahid Hasan; Ronald A. Ratti

    2014-01-01

    Examination of panel data on listed coal companies on the Australian exchange over January 1999 to February 2010 suggests that market return, interest rate premium, foreign exchange rate risk, and coal price returns are statistically significant in determining the excess return on coal companies’ stock. Coal price return and oil price return increases have statistically significant positive effects on coal company stock returns. A one per cent rise in coal price raises coal company returns ...

  20. Oil prices and the stock prices of alternative energy companies

    International Nuclear Information System (INIS)

    Henriques, Irene; Sadorsky, Perry

    2008-01-01

    Energy security issues coupled with increased concern over the natural environment are driving factors behind oil price movements. While it is widely accepted that rising oil prices are good for the financial performance of alternative energy companies, there has been relatively little statistical work done to measure just how sensitive the financial performance of alternative energy companies are to changes in oil prices. In this paper, a four variable vector autoregression model is developed and estimated in order to investigate the empirical relationship between alternative energy stock prices, technology stock prices, oil prices, and interest rates. Our results show technology stock prices and oil prices each individually Granger cause the stock prices of alternative energy companies. Simulation results show that a shock to technology stock prices has a larger impact on alternative energy stock prices than does a shock to oil prices. These results should be of use to investors, managers and policy makers. (author)

  1. Lifestyle factors, direct and indirect costs for a Brazilian airline company

    NARCIS (Netherlands)

    F.M. Rabacow (Fabiana Maluf); O. Do Carmo Luiz (Olinda); A.M. Malik (Ana Maria); A. Burdorf (Alex)

    2014-01-01

    textabstractObjective: To analyze lifestyle risk factors related to direct healthcare costs and the indirect costs due to sick leave among workers of an airline company in Brazil. Methods: In this longitudinal 12-month study of 2,201 employees of a Brazilian airline company, the costs of sick leave

  2. Economics of oil regulation and the Brazilian reform. Some issues

    International Nuclear Information System (INIS)

    Hernandez-Perez, Adriana

    2011-01-01

    This paper reviews the economic fundamentals for regulation in the oil industry, with a focus on the current regulatory proposal for the Brazilian oil industry. The observed exploration and production (E and P) contracts foresee much of the characteristics of the optimal contract, with a remuneration structure that combines upfront with future payments to mitigate uncertainty and incentivize exploratory efforts. In Brazil, despite slow market deconcentration since 1997's liberalization, the current oil regulation is in general consistent with an optimal regulatory response. From an economic standpoint, the 2009's new regulatory proposal prompted by the major oil discoveries offshore in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts while the changes in the net risk of the E and P offshore activities are not so clear. (author)

  3. Economics of oil regulation and the Brazilian reform. Some issues

    Energy Technology Data Exchange (ETDEWEB)

    Hernandez-Perez, Adriana [Center for Economics and Oil Studies, IBRE/Fundacao Getulio Vargas (Brazil)

    2011-01-15

    This paper reviews the economic fundamentals for regulation in the oil industry, with a focus on the current regulatory proposal for the Brazilian oil industry. The observed exploration and production (E and P) contracts foresee much of the characteristics of the optimal contract, with a remuneration structure that combines upfront with future payments to mitigate uncertainty and incentivize exploratory efforts. In Brazil, despite slow market deconcentration since 1997's liberalization, the current oil regulation is in general consistent with an optimal regulatory response. From an economic standpoint, the 2009's new regulatory proposal prompted by the major oil discoveries offshore in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts while the changes in the net risk of the E and P offshore activities are not so clear. (author)

  4. National Oil Companies and their role in international market

    International Nuclear Information System (INIS)

    2007-01-01

    Thirteen of the top 20 international helders of oil and gas reserves are either traditional national oil company (NOC) or newly privatised NOC. The growing importance of NOC in the international energy markets raises questions about emerging policies, objectives and priorities of these organizations since, historically, geopolitical and strategic aims in addition to purely commercial considerations are factored into their foreign investment decisions [it

  5. Development of taxation system for oil production companies in Russia

    Science.gov (United States)

    Salmina, S. V.; Sboeva, I. M.; Selivanovskaya, J. I.; Khafizova, A. R.; Fomin, V. P.

    2018-01-01

    The present article is devoted to the taxation system for oil production companies in Russia. The role of oil production companies in the realization of the fiscal function of the state is shown. Tax and due receipts at the consolidated budget of the Russian Federation from major economic sectors in the years 2013-2015 are presented and analysed. An investigation of oil production taxation peculiarities is carried out. In particular, mineral extraction tax analysis is made, the said tax being one of the basic taxes paid by oil production companies. The authors come to a conclusion that mineral extraction tax in Russia needs reforming. Based on the investigation realized possible ways of taxation system development in respect of oil production companies in Russia are proposed. Thus, taking into account the fact that oil industry is very important for budget revenue formation, initially it is planned to test the new taxation system principles in a limited number of deposits, so called ‘pilot projects’. For highly profitable minefield deposits it is planned to introduce progressive and regressive index, varying depending on oil prices. Within the framework of the investigation the authors come to a conclusion that it is necessary to introduce gradually the taxation system based on the definition of surplus profit depending on the cost effectiveness and taking into account oil prices.

  6. ECONOMIC CONSEQUENCES OF PEAK OIL FOR THE MAJOR MULTINATIONAL OIL AND GAS COMPANIES

    Directory of Open Access Journals (Sweden)

    Antonio García-Amate

    2018-03-01

    Full Text Available The main goal of this work is to analyze the financial statements of the five major multinational oil and gas companies, for the 2011-2015 period, in the framework of the peak oil phenomenon. Peak oil can affect key financial indicators (e.g., earnings volatility, leverage that are used by managers, investors, and stockholders and which may potentially lead to changes in the decision making by management. Our results show that the decline in oil production affects the decisions about investment in new oil wells, leverage, dividends paid, shares purchased and net income involving the five major companies. In addition, we study the evolution of oil prices, and its influence in several items of the financial statements. Even though oil prices were at high levels during 2011-2014, however, the net income of the five companies actually declined due to the impact of peak oil. Finally, data for the last year studied (2015 indicate a general deterioration in return ratios and other accounting variables. Although the new investments should have been profitable, they have been influenced by peak oil, compromising the economic position of the companies. The advice to these companies would be to relax their investments, especially during a period of falling oil prices. Company managers need to recognize the prolonged duration of peak oil and price trends to promote profitability recovery decisions.

  7. The role of the state oil company in Latin America

    International Nuclear Information System (INIS)

    Teixeira, A.A.

    1992-01-01

    ARPEL (Asistencia Reciproca Petrolera Estatal Latinoamericana -Latin America State Oil Companies Association for Mutal Assistance) is a private organization working for the benefit of its 20 member companies as well as promoting the economic integration of their respective countries. The Latin American State Oil Companies (LASOCs) are responsible for 80% of petroleum activities in the region, which in 1990 amounted to 7.4 mbd or 11.4% of the world's production. Mexico and Venezuela are responsible for 2/3 of the output. The LASOCs, besides filling domestic needs and seeking country self-sufficiency, look for opportunities for participation in international markets and to attract external investment. (authors)

  8. National oil companies' presence to hike US refining competition

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports that the downstream segment of the U.S. petroleum business is virtually certain to become more competitive because of the growing presence of national oil companies in the country's refining industry. That's a forecast by New York investment firm Kidder Peabody. It cites a plan by Mexico's Petroleos Mexicanos (Pemex) to form a joint venture with Shell Oil Co. covering Shell's 225,000 b/d Deer Park, Tex., refinery as the latest example of national oil companies' movement into U.S. refining

  9. Companies: oil and gas industry on the up

    International Nuclear Information System (INIS)

    Burk, V.A.

    1994-01-01

    The results of a 1993 survey of the oil and gas industries in the USA are reported. Exploration and development spending and production replacement rates increased for the first time since 1990 while reserve replacement costs were at their lowest for five years. Data demonstrating these improvements are included. The information is drawn from 250 publicly owned oil and gas companies, 28 of which have headquarters outside the USA. A ranked list of the ''Top 100'' companies is presented, detailing: oil and gas reserves and production revenues; results of operations from producing activities; acquisition, exploration and development expenditures; reserve and production replacement costs. (UK)

  10. The economic impacts of the upstream activities after the reform of the Brazilian oil industry; Impactos economicos da exploracao e producao apos a abertura da industria petrolifera brasileira

    Energy Technology Data Exchange (ETDEWEB)

    Canelas, Andre [Universidade Federal, Rio de Janeiro, RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia. Programa de Planejamento Energetico

    2004-07-01

    This paper analyzes the macroeconomic impacts of the investments in the oil and gas upstream, which took place after the reform of the Brazilian oil industry. The reason why I chose to analyze such a period of time was the institutional change which took place in the Brazilian oil industry after the Brazilian Parliament approved Law n. 9.478 in 1997. The law represented the new regulation of the activities related to the oil industry in Brazil. Since then, there has been a very large amount of capital spending in the oil and gas upstream, not only by PETROBRAS, the state-owned oil company, but also by the oil companies which entered the Brazilian oil industry after it was opened to foreign and private upstream investments. This paper analyses the economic impacts of these upstream investments by PETROBRAS and by the new players in Brazil, addressing the impacts of these investments on the generation of aggregate value and yield and the economic activity of other industries. This paper is dedicated, in its entirety, to Prof. Carmen Alveal, whose knowledge, support, encouragement and friendship were, for me, the most important of all, professionally and morally. (author)

  11. New business models for state companies in the oil industry

    Directory of Open Access Journals (Sweden)

    Tanţău Adrian D.

    2016-09-01

    Full Text Available In the scientific literature business models are defined as architecture of the value creation, profit formula, key processes and key resources. For the oil industry there is a need to develop new business models that have to describe the specificity of this industry and to take into consideration the new objectives after the global oil crisis. Although crude oil price has dropped dramatically since second quarter 2014, OPEC raised crude output to the its highest value in more than three years as it pressed on with a strategy to protect market share and pressure competing producers. The objective of this article is to identify and promote new business models for state companies in the oil industry. The research methodology is based on case studies that present and analyze the business models in two of the main oil producers Iran and Iraq, where the state companies are playing an important role in this industry. The subject is relevant because the business models for state companies in the oil industry have to be modified after the oil crisis and these are not real analysed in the scientific literature. Furthermore, the aspects discussed in the current article represent the main factors that will influence investment prospects of companies in the field in the next decade.

  12. When Oil and Wind Turbine Companies Make Green Sense Together

    DEFF Research Database (Denmark)

    Backer, Lise

    2009-01-01

    strengthen their relationships with companies such as Vestas – that are born green. This is so since companies that are born green have strong green ecocentric business beliefs that can function as important engines in shared green sense‐making with companies that are not born green and have more hesitant......In this article I contribute to descriptive green business research on how processes of eco‐effective greening business unfold in practical reality. I look into the case of the increasing interaction between the multinational oil company Shell and the world's largest wind turbine company Vestas. I...... draw on descriptive organizational sense‐making theory and analyse to this end the shared green sense‐making of Shell and Vestas on off‐shore wind energy business. The article concludes that greening companies such as Shell – that are not born green – might be considerably advanced if these companies...

  13. US oil companies ready to take the high ground again

    International Nuclear Information System (INIS)

    Odell, P.

    1994-01-01

    In the 1930s, the petroleum industry, which essentially started in the United States of America (USA), was prevented from expanding its influence to Middle East petroleum producing countries because of the colonial control exercised by Britain, France and the Netherlands. However, with the Second World War, these relationships changed, and gradually the oil traded internationally became the principle source of energy on the world market. A well-known oil industry commentator and critic describes these developments and notes that since the Gulf War, the USA has drawn closer to Saudi Arabia, a major oil producer, and hence permitted U S. oil companies to dominate the world scene. (UK)

  14. The rise and fall of an oil company

    International Nuclear Information System (INIS)

    Hanson, B.M.

    1991-01-01

    A tremendous amount of oil and gas reserves has been found. These reserves were discovered when geologists were in key positions. Exploration oriented leaders are not in key positions today. As with all living organisms, oil companies are governed by a life cycle which includes birth, adolescence, maturity, old age, and death. The life cycle of a company is characterized by its CEO/management team. During the birth of an oil company, a geologist and/or entrepreneur (leader) who has a desire to succeed is in charge. There are few tangible assets and the mortality rate is high. In the adolescence stage, the leader is willing to take high risks and is very receptive to new ideas. The discovery of company-making reserves are most likely to occur during this stage. During maturity, the key officer is usually an engineer who develops the newly found reserves. He has the desire to quantify exploration ventures in unrealistic, precise terms. Old age usually has a CPA as manager who prefers to take cash flow and transfer it to other businesses (diversification). The sale of properties starts in this stage. The last stage is death and the key officer is either a lawyer or a banker. The legal entanglement will start that inevitably plagues the cash-rich, asset-rich oil company. There is no residual expertise conducting exploration activity. We now have the liquidation of remaining assets and the company goes through mergers or sale

  15. Ecological and Economic Indicators of Oil and Gas Companies Functioning

    Directory of Open Access Journals (Sweden)

    Anastasia V. Sheveleva

    2016-01-01

    Full Text Available This article analyzes the basic ecological-economic indicators of oil and gas companies, in particular the various volumes of oil, the number of spills per year of CO2 emissions, the costs of environmental protection. In the process of exploration, development and exploitation of oil and gas fields, production, refining, transportation and storage companies have a negative impact on the environment. Occur accidents involving oil spills, emissions and discharges of pollutants into the environment. As a result contaminates water resources, soil and atmosphere, animals dying, birds and fish, but also transformed the structure of the subsurface and changes the landscape, reduced strategic reserves of fuel and energy resources are formed objects of accumulated environmental damage. The need for construction of environmental protection facilities; the protection, rational use and rehabilitation of lands; protection of water resources and atmospheric air; monitoring the environment and industrial facilities; the prevention and elimination of consequences of accidents on pipelines; disposal and recycling of waste; environmental education; conducting scientific research requires oil and gas companies to undertake large expenditures. A positive trend of modern development of oil and gas companies is the introduction of mechanisms for environmental management in practice their activities, which leads to a gradual reduction of the negative impact of their activities on the environment.

  16. The Individual Limited Liability Company in the Brazilian Legal System and Portuguese Experience of Single Shareholder Private Companies

    Directory of Open Access Journals (Sweden)

    Eugênio Duarte Vasques

    2016-11-01

    Full Text Available The scope of this essay is to analyze aspects of individual limited liability company in the Brazilian legal system, which raises the issue of the requirement of minimum capital contribution to the company’s constitution. Therefore, we seek to expose initially the historical responsibility of the individual entrepreneur, and then the current context of Portuguese single shareholder private companies. After these considerations, we focus on addressing the situation of the individual entrepreneur in Brazil and the creation of a new species of corporation that guarantees the limitation of liability to the individual entrepreneur in a manner similar to the Portuguese experience.

  17. BP Oil Company's approach to risk management

    International Nuclear Information System (INIS)

    Fryman, C.E.

    1996-01-01

    The oil and chemical industries face major challenges in deciding how to handle the numerous recommendations coming from various audits, reviews and studies conducted in the functional areas of personnel health and safety, loss prevention, and environmental protection. And, the number of recommendations continues to grow with time, as regulations and normal business requirements are met. BP Oil has developed a methodology for risk ranking the events leading to specific recommendations and then determining the cost-effectiveness of the recommendations in reducing the risk. The author completed successful pilot tests of this methodology at two of BP Oil's petroleum refineries, examining the recommendations from process hazards analyses and studies completed over the past few years. The methodology has since been implemented throughout their petroleum refining, distribution, transportation, and retail business streams

  18. The Use of Social Network Sites in the Workplace: a Case Study in Brazilian Companies

    OpenAIRE

    Marcos Hideyuki Yokoyama; Tomoki Sekiguchi

    2014-01-01

    People are increasingly using Social Network Sites (SNS) through corporate platforms or open websites such as Twitter, LinkedIn and Facebook. As a recent phenomenon, the potential benefits and risks of such tools are still not properly addressed in organizations. The purpose of this paper is to analyze how Brazilian companies are using this tool to achieve their corporate strategic objectives. We conducted a qualitative case study and proposed a framework that classified the companies into th...

  19. Privatization of oil companies in Latin America

    International Nuclear Information System (INIS)

    Forsyth, A.; Mommer, B.; McBeth, B.

    1995-01-01

    Three linked articles explore the current movement towards privatization in the various countries of South America. While the progress away from state control varies from country to country, the first article argues that the movement will offer economic benefits to the Latin American petroleum industry as a whole, despite the political difficulties which must be overcome. In the second article, public distaste for the nationalization of the Venezuelan oil industry back in 1943, petroleum engineers, economists, private sector representatives and oil industry employees all oppose wholesale privatization, favouring national and private investment within Venezuela. The last author argues for an efficient regulatory framework to oversee privatization schemes. (UK)

  20. Approaches of Russian oil companies to optimal capital structure

    Science.gov (United States)

    Ishuk, T.; Ulyanova, O.; Savchitz, V.

    2015-11-01

    Oil companies play a vital role in Russian economy. Demand for hydrocarbon products will be increasing for the nearest decades simultaneously with the population growth and social needs. Change of raw-material orientation of Russian economy and the transition to the innovative way of the development do not exclude the development of oil industry in future. Moreover, society believes that this sector must bring the Russian economy on to the road of innovative development due to neo-industrialization. To achieve this, the government power as well as capital management of companies are required. To make their optimal capital structure, it is necessary to minimize the capital cost, decrease definite risks under existing limits, and maximize profitability. The capital structure analysis of Russian and foreign oil companies shows different approaches, reasons, as well as conditions and, consequently, equity capital and debt capital relationship and their cost, which demands the effective capital management strategy.

  1. THE INTERNATIONALIZATION OF THE SOFTWARE MARKET: OPPORTUNITIES AND CHALLENGES FOR BRAZILIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Oscar Roberto Burzynski

    2010-12-01

    Full Text Available This paper deals with the potential for internationalization of the Brazilian software industry from the perspective of software developers and service providers. The purpose of the study conducted was to better understand the way Brazilian software companies relate to the international software market by comparing the perceptions of entrepreneurs and those of government agency officials responsible for increasing Brazil's participation in the international software market. Data collection took place by means of semi-structured interviews with entrepreneurs and government agency officials. The data gathered was subjected to content analysis. Results show that Brazilian software companies perform poorly with regard to levels of exporting their products and services for a number of reasons, among which the most outstanding is that they still think that the internal market offers enough challenges and opportunities.

  2. Oil and Cars: The Impact of Crude Oil Prices on the Stock Returns of Automotive Companies

    Directory of Open Access Journals (Sweden)

    Bettina Lis

    2012-01-01

    Full Text Available In this paper we are testing whether the impact of oil prices is different on the overall market and automotive companies. In addition we investigate, if this relationship is nonlinear. For this we use stock return data of US, German and Japanese car companies, and returns of share indices from the same countries as control variables, and Brent crude oil price changes. We first estimate the impact of crude oil on the indices, then clean the indices from these influences, and afterwards estimate the impact on the stocks. For this we are using OLS and EGARCH (1,1. We conclude that in general the car companies‘ stocks do not react more adversely as the overall market to crude oil price increases, while Japanese companies do not show any excess sensitivity at all. German companies tend to be sensitive, and US and German companies are together more sensitive in the more recent time periods.

  3. Economics of oil regulation and the Brazilian reform: Some issues

    Energy Technology Data Exchange (ETDEWEB)

    Hernandez-Perez, Adriana, E-mail: adriana.perez@fgv.b [Center for Economics and Oil Studies, IBRE/Fundacao Getulio Vargas (Brazil)

    2011-01-15

    This paper reviews the economic fundamentals for regulation in the oil industry, with a focus on the current regulatory proposal for the Brazilian oil industry. The observed exploration and production (E and P) contracts foresee much of the characteristics of the optimal contract, with a remuneration structure that combines upfront with future payments to mitigate uncertainty and incentivize exploratory efforts. In Brazil, despite slow market deconcentration since 1997's liberalization, the current oil regulation is in general consistent with an optimal regulatory response. From an economic standpoint, the 2009's new regulatory proposal prompted by the major oil discoveries offshore in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts while the changes in the net risk of the E and P offshore activities are not so clear. - Research Highlights: {yields} The observed exploration and production (E and P) contracts foresee much of the characteristics of an optimal contract. {yields} The current oil regulation in Brazil is in general consistent with an optimal regulatory response. {yields} The changes in the net risk of the E and P offshore activities in Brazil are not so clear. {yields} The 2009's new regulatory proposal in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts.

  4. The adaptation of national companies to a new oil environment

    International Nuclear Information System (INIS)

    Boussena, S.

    1994-01-01

    The national oil companies of exporting countries are facing a changing economic world, a remaining low oil price and many other economic and political changes. They have to adapt to this new environment. To do this they have to define a better balance between their corporate targets and the function which is given to them through state ownership. They need an actual modernization which does not necessarily imply privatization. (Author). 3 figs., 5 tabs

  5. Tax effort and oil royalties in the Brazilian municipalities

    Directory of Open Access Journals (Sweden)

    Fernando Antonio Slaibe Postali

    2015-09-01

    Full Text Available This paper estimates a stochastic production frontier, to investigate whether municipalities covered by oil royalties in the last decade have reduced their tax effort in Brazil. The issue is relevant to the prospect of a substantial increase in these revenues and the new rules for distribution of the funds, established by Law No. 12.734/2012. The inputs were provided by personnel and capital expenditures, whereas the product was defined as the municipal tax collection. With the purpose of overcoming the endogeneity problems due to reverse causality of output on inputs, we used the lagged independent variable as instruments in the inefficiency equation. The data set is composed of a panel of Brazilian municipalities from 2002 to 2011. The results indicate that oil revenues have a negative impact on the estimated efficiencies, signaling reduced fiscal effort by the benefiting municipalities.

  6. Corporate governance and internationalization of capital of brazilian companies of the sectors construction and transports

    Directory of Open Access Journals (Sweden)

    Anna Beatriz Grangeiro Ribeiro Maia

    2013-08-01

    Full Text Available The study aims at analyzing comparatively the representativeness of foreign capital in the capital of Brazilian companies of the sectors construction and transports, considering their segments on the BM&FBovespa. The internationalization of the 66 companies in the sample was measured by the percentage of the company's share capital held by foreign investors, and governance by the company's participation on the “Differentiated Level of Corporate Governance” (DLCG segments of BM&FBovespa. Using a descriptive and a quantitative study, the results of applying the Mann-Whitney test for the percentage of foreign capital in the capital of DLCG firms and of companies listed on the traditional market indicate that there is a difference statistically significant between the two groups of firms, confirming the hypothesis of this research. The conclusion is that governance is a sign of the internationalization of capital companies, confirming the efficiency of the administration based on the theory of transaction costs.

  7. PETROBRAS: an energy company and the Brazilian Biofuels Program

    Energy Technology Data Exchange (ETDEWEB)

    Torres, Fernando Martins; Valle, Luiz Alberto Fernandes; Diehl Filho, Rubin Pedro [PETROBRAS University, Rio de de Janeiro, RJ (Brazil). School of Gas and Energy Science and Technology], e-mail: fernandotorres@com.br, e-mail: lavalle@petrobras.com.br, e-mail: rubin@petrobras.com.br

    2008-07-01

    Global warming and other climate changes have been occurring because of human activities, mainly the burning of fossil fuels. This releases greenhouse gases, chief among them carbon dioxide, into the atmosphere. Brazil's answer was to launch of the National Alcohol Program (Proalcool) in 1975, in response to the first oil shock (in 1973). This was intensified with the second oil shock (in 1979-80). Under this program, the gasoline used in the transportation segment was replaced by: anhydrous ethanol in vehicles manufactured to consume gasoline, up to a proportion of 25%; hydrated ethanol in vehicles especially manufactured to consume this renewable fuel. The impact of these efforts was extremely significant, as demonstrated by the the effects of the first and second oil shocks on the country's trade balance and balance of oil and derivatives in 1973-74 and 1979-80 can be clearly seen. At the time of the second shock, the increase in imports in the trade balance basically coincided with the increased imports of oil and refined products. (author)

  8. Study of the gelation behaviour of Brazilian waxy crude oils

    Energy Technology Data Exchange (ETDEWEB)

    Ziglio, C.M.; Sant' Ana, D.F. [Petroleo Brasileiro S.A., Petrobras, Rio de Janeiro (Brazil)

    2008-07-01

    The precipitation of wax from crude oil results in the formation of a paraffin network which evolves into a gel structure, causing a major operating issue for the petroleum industry. A gelled oil in a pipeline may need a very high re-start pressure that is beyond the capacity of the pump. The gelation of the oil can also develop into a wax deposit on the pipeline wall that restricts the flow of crude oil. Rheometry tests were used in this study to determine the yielding process of wax gels formed by the cooling of Brazilian crude oils. The effect of selected chemical additives on the gel strength was also examined. Dynamic rheology was used to study the oil-gel transition under quiescent conditions. Two rheological methods were used to study the gel yield stress, which is related to the gel strength. In the Creep and Recovery method, a stress was applied to the sample for a short period while the resulting deformation was measured. The stress was then removed to allow the sample to recover the gel structure. The steps of creep and recovery were repeated with an increasing stress value. The yield stress was identified as the minimum stress to cause an irreversible deformation in the sample. The yield stress of the gelled oil was estimated through dynamic measurements. Gel breakdown occurred when the sample was submitted to a critical strain, which is related to the yield stress value. This study showed that the gelation temperature can be reduced considerably by adding small amounts of readily available additives. These additives have an influence on yield stress values. In a cold re-start situation, they can reduce the pump pressure.

  9. What are oil companies doing with their profits?

    International Nuclear Information System (INIS)

    Hache, E.

    2007-01-01

    The author reports a study based on a detailed analysis of the annual reports of the 8 main international oil companies, completed by a focus on the use of their profits by these companies. The studied companies are super majors (BP, Exxon Mobil and Shell), intermediate majors (Total, Chevron Texaco, and Conoco Phillips) and mini majors (Repsol YPF and ENI). The author highlights the majors' financial health in 2005 and for the first 2006 semester despite a decrease of production in 2005 and a decrease of reserves. He comments the investments expenses in various sectors, analyses the main sources and uses of cash flow, comments and explains their share repurchasing practices

  10. TAX TREATMENT OF CARBON CREDIT OPERATIONS IN BRAZILIAN COMPANIES WITH CDM PROJECTS

    Directory of Open Access Journals (Sweden)

    Vanderlei dos Santos

    2012-06-01

    Full Text Available The aim in this study is to identify the tax treatment applied to carbon credit operations in Brazilian companies that are developing projects in the context of the Clean Development Mechanism (CDM. Therefore, an exploratory research with a qualitative approach was developed. Data were collected with the help of questionnaire, forwarded to all Brazilian companies with CDM projects that received approval from the Inter-Ministerial Commission on Global Climate Change (CIMGC without safeguards, according to the list of the Brazilian Ministry of Science and Technology. Out of 117 companies listed, only five answered the research instrument, which represents an accessibility sample. The results show that, as for the tax treatment applied in the companies under analysis, IRPJ and CSLL should be charged on carbon credit operations. Regarding PIS, COFINS, ISS, some companies considered that these taxes are due and others that they are not. There is a consensus, though, about the fact that ICMS and IOF should not be charged. In conclusion, no uniform understanding exists as of yet about due taxes in the research sample, as no specific fiscal legislation exists yet on carbon credits in Brazil.

  11. Beyond the low-skill equilibrium? A case study of the local content policy in the Brazilian oil and gas industry

    OpenAIRE

    Melby, Maria

    2015-01-01

    This master thesis wishes to explore the labor market in the Brazilian oil and gas industry during the peak years of the oil boom, seen from Norwegian multinational companies (MNC) point of view. The theoretical perspective applied in the analysis is the hierarchical market economy (HME) typology, deriving from the varieties of capitalism (VOC) framework. In HMEs, the low-skill equilibrium is a prominent feature, in which none of the actors involved has incentives to invest in education and ...

  12. Knowledge Transfer and Innovation in Brazilian Multinational Companies

    Directory of Open Access Journals (Sweden)

    Alisson Eduardo Maehler

    2011-11-01

    Full Text Available The article analyzes how innovation generation occurs in subsidiaries of Brazilian multinational corporations acting in Portugal, specifically the role of customers in the process and the knowledge dynamics. A multiple case study approach was conducted in four subsidiaries operating in the Portuguese market for at least one year. Firms came from different activity sectors and sizes. Results identify permanent knowledge exchange flows between subsidiaries and headquarters, while the largest pour is from the later ones (in Brazil to their wings in Portugal. There are frequent innovations taking place in Portuguese subsidiaries. Such innovation processes are typically incremental in nature and occur predominantly in only some areas of the organization, where greater specialization and expertise are located. The most relevant results regard the existing strong interaction between subsidiaries and markets, especially with the larger customers that contribute with suggestions and are able to influence the new products creation in the subsidiaries.

  13. Work for sustainability: Case studies of Brazilian companies.

    Science.gov (United States)

    Bolis, Ivan; Brunoro, Claudio M; Sznelwar, Laerte I

    2016-11-01

    The introduction of strategic corporate sustainability policies is expected to result in the improvement of several issues in companies. One of these issues is work, which should involve greater well-being for workers. Within the context of production engineering, this research connects sustainability and work-related issues, the latter seen in light of the discipline of ergonomics. Based on case studies conducted at four companies considered sustainability benchmarks, we examined how the introduction of the theme of sustainability has influenced work-related issues. The elements analyzed here were the corporate sustainability strategy, organizational practices for deploying the strategy, and the work design phase. The last element is the moment in which work is prescribed in the organization. The results show that, despite the announcement of the inclusion of changes in work, there is not any explicit evidence confirming that such changes are considered as a requirement for corporate sustainability projects. Copyright © 2015 Elsevier Ltd. All rights reserved.

  14. Key concerns of U.K. oil and gas company directors for upstream oil developments

    International Nuclear Information System (INIS)

    Anon.

    1996-01-01

    Energy 2006 is a survey published by Ernst and Young presenting the main concerns over the past decade of the UK company directors. The upstream conclusions are presented here. In the medium term (3 years) and long term (10 years), the main concerns were with replacing reserves and with oil price changes. Company re-organisation etc., de-regulation of the gas market, maximising production, return of Iraq to the oil market, and environmental issues were also of concern. (author)

  15. Oil company mergers raise concern among some geoscientists

    Science.gov (United States)

    Showstack, Randy

    With the blessings of the antitrust regulatory agencies and the ghost of John D. Rockefeller, the proposed marriage between Exxon and Mobil would create the world's largest energy company and corporation of any type. This merger also would reunite the two biggest pieces of Rockefeller's Standard Oil Company, which the U.S. Supreme Court ordered dismantled in 1911 in an antitrust case.Exxon, Mobil, and financial analysts say the merger is driven by the need to operate more efficiently in a tough, competitive environment. The price of oil, after all, recently has been scraping near bottom of the barrel at about $11 per barrel, and companies often need to muster significant capital resources to develop more remote reservoirs.

  16. Oil companies push in-situ recovery

    International Nuclear Information System (INIS)

    McIntyre, H.

    1977-01-01

    Possibly, a third Athabaska tar-sand plant using surface mining will be built in the 1980's, but future development beyond that point will probably depend on in-situ recovery. The discussion of in-situ recovery focusses on the effect it will have on the Canadian chemical industry, for example, the market for sodium hydroxide. To obtain the highest yields of oil from bitumen, an external source of hydrogen is necessary; for example Syncrude imports natural gas to make hydrogen for desulphurization. Gasification of coal is a possible source of hydrogen. Research on hydrocracking is progressing. Use of a prototype CANDU OCR reactor to raise the hot steam necessary for in-situ recovery has been suggested. Venezuela is interested in Canadian upgrading technology. (N.D.H.)

  17. Problems of salaries management in oil and gas companies

    Directory of Open Access Journals (Sweden)

    Olga Gennad'evna Kolosova

    2011-09-01

    Full Text Available Basing on the results of the author's analysis and generalization of practical experience in the organization of remuneration on the oil and gas companies of the Khanty-Mansiysk Autonomous District — Yugra, the current state and remuneration policy were defined. The designed SWOT matrix reveals the possibilities of further improvement of the remuneration organization. Innovative development of remuneration systems involves a complex process of selecting management tools to achieve performance targets and implementing business strategies. A study of the most upfront human resources and staff practices in the Russian oil and gas sector has allowed the author to formulate approaches to building effective systems of remuneration. The suggestions described in this paper coordinate the interests of employers and employees. At the same time, they increase efficiency and job satisfaction through raising personal responsibility, which will gain the effectiveness of incentives for oil and gas companies.

  18. Programs of quality improvement: an exploratory study in large Brazilian construction companies

    Directory of Open Access Journals (Sweden)

    Silvia Helena Boarin Pinto

    2009-03-01

    Full Text Available This article aims to identify the major characteristics of the implementation of quality programs in large construction companies in Brazil. This study focuses on the most accepted and implemented models such as ISO 9000:2000, ISO 14001, Six Sigma and Total Quality Management (TQM. An exploratory study was carried out in seven large companies (approximately 37% of the total number. These companies were chosen from the “500 Largest and Best Brazilian Companies” list, published by Exame Magazine, in 2005, out of a total number of 15 large companies in the sector. The indings of this study show that the companies have been implementing quality programs, have been using more basic quality tools, and have been dificulty accounting resources that come from the implementation of quality programs.

  19. Restructuring: new relationships between the oil companies and the upstream oil firms

    International Nuclear Information System (INIS)

    Barreau, S.

    2001-11-01

    Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the aim of all these strategies was to change the relationships between the oil companies and the upstream oil and gas service firms. (author)

  20. Level of voluntary disclosure and the cost of capital of Brazilian companies: 2008 to 2012

    Directory of Open Access Journals (Sweden)

    Ariana Ballestero

    2016-12-01

    Full Text Available This study analyzed whether the level of voluntary disclosure in the Brazilian market affects the cost of capital of companies listed on Bovespa during the period covering 2008 through 2012.  The sample was composed of 46 Brazilian non-financial institutions, building on and complementing previous research such as that carried out by Lima, Lima, Favero and Galdi (2007, Murcia and Santos (2009a, and Li and Yang (2013. The panel data regression model is employed to relate the independent variables with the following dependent variables: Cost of Equity, Cost of Debt and Weighted Average Cost of Capital. Findings permit the conclusion that some voluntary disclosure practices influence the cost of capital, i.e., when a company chooses to voluntarily disclose information in its annual reports, this information can affect its cost of equity and cost of debt.

  1. The Role of Home Country Political Resources for Brazilian Multinational Companies

    Directory of Open Access Journals (Sweden)

    Karina Regina Vieira Bazuchi

    2013-10-01

    Full Text Available This paper aims to analyze the interactions between home country governments and Developing Country Multinational Companies (DMNCs. Drawing on evidence from the Brazilian political environment and Brazilian multinationals we investigate the mechanisms governments use to influence the internationalization process of domestic companies and firms’ political strategic responses to shape the political institutional environment in which they operate. We argue that foreign direct investment (FDI outflows from developing economies need to be explored given specific country level contextual factors, such as high levels of government involvement. Our main findings support this idea and indicate that home country governments use a series of formal and informal mechanisms in order to drive the international expansion of DMNCs in both the entry and consolidation phases. Moreover, DMNCs political behavior in the home country political environment accounts for an important part of their strategy to develop political resources and obtain above average returns from governmental benefits.

  2. Relationship between determinant factors of disclosure of information on environmental impacts of Brazilian companies

    Directory of Open Access Journals (Sweden)

    Mara Vogt

    2017-01-01

    Full Text Available This study aims at analyzing the relationship between determinant factors of disclosure of information on environmental impacts of Brazilian companies. A descriptive, documental and quantitative research was conducted through a sample of 97 Brazilian companies. In the Sustainability Reports and in the Annual Reports information, five environmental aspects were collected: emissions, effluents, wastes, products and services; and transport, which were used to measure the degree of environmental disclosure. This concludes that there is a relationship between the variables investigated in all analyzed years. The size, audit and Global Reporting Initiative (GRI are associated with disclosure and the Corporate Sustainability Index (CSI, Pollution Potential (POTEN, governance, stocks, Return on Assets (ROA and Return on Equity (ROE are not.

  3. Case study: The Transnationalization of Russian Oil and Gas Companies

    Directory of Open Access Journals (Sweden)

    Sergey Lavrov

    2017-03-01

    Full Text Available The value of multinational enterprises (MNEs as the main players in the global economy is constantly increasing. More and more companies from developing and transition economies are starting to do business beyond their national borders. Not all of them strictly belong to the category of MNEs, as is the case for Russia’s largest companies. This article analyzes the international activities of Russian MNEs. The authors study the place of MNEs in the modern world and examine the transformation of the concept of an MNE in the international practice. They identify the internationally accepted criteria that classify a company as an MNE. They analyze the international activities of the largest Russian companies in the oil and gas sector (Gazprom, Rosneft, Lukoil, Surgutneftegas, Novatek and their possible classification as MNEs. The article also assesses the influence of the economic and political sanctions on the international activities of Russian MNEs in the oil and gas sector. The methodological basis for the study is the dialectical method of investigating phenomena and processes in the modern world as the most effective way to achieve goals. The authors pay particular attention to the practical application of comparative economic analysis, classification and empirical generalization of original data. The authors came to seven conclusions. First, there is no single approach to defining the essence of MNEs. Second, the indicators that classify a company as an MNE can be divided into qualitative and quantitative criteria. Third, not all the large companies in Russia engaged in expanding into foreign markets can be classified as MNEs by the formal criteria. Fourth, most Russian MNEs have an unstable position in international ratings of MNEs, with the exception of Lukoil. Fifth, the main problems of Russian MNEs include the inefficiency of foreign assets, the lack of experience in managing international holdings and the longstanding crisis of the

  4. COMPARATIVE EVIDENCE ABOUT KNOWLEDGE TRANSFER BETWEEN BRAZILIAN AND FOREIGN FRANCHISE COMPANIES

    OpenAIRE

    Rogério Stival Morgado; Afonso Fleury

    2012-01-01

    The objective of this study is to compare the process of transferring knowledge in franchising between Brazilian and international companies operating in Brazil. Franchising has shown an important phenomenon in many countries, with considerable evidence of growing globally. It is a new type of business organization as an object of academic research field offering great reviews, but also limitations as references and studies of depth of field. The traditional literature in management emphasis ...

  5. CORPORATE GOVERNANCE IN THE INTEGRATED REPORTING FRAMEWORK: DISCLOSURE OF BRAZILIAN COMPANIES PARTICIPANTS IN THE PILOT PROJECT

    Directory of Open Access Journals (Sweden)

    Ana Cristina Silva Abreu

    2016-07-01

    Full Text Available This paper analyzes how Brazilian companies adhered the IIRC’s framework for integrated reporting, regarding the content element of corporate governance. The 2013 annual reporting of each company were analyzed consonants to the IIRC's framework using qualitative analysis. Categories were created for adherence of information provided by companies and applied content analysis for this purpose. Results suggest that the framework, although not being adopted integrally by the companies, was used as guide for their disclosure practices. Among other observed results for each of framework topics, BRF S.A, CPFL Energia and Itaú Unibanco disclosure practices featured as examples of adherence for the IIRC model and the inherent principles integrated in the report.

  6. Impact of profit retention on value creation to shareholders of Brazilian companies

    Directory of Open Access Journals (Sweden)

    Leonardo Cunha da Silva

    2017-09-01

    Full Text Available The company's decision on reinvesting profits started from the premise that the return on invested capital will exceed the opportunity cost, creating, consequently, shareholder value. Thus, wealth generation of the entity will be influenced by the level of retained earnings. Therefore, in this work we seek to examine how retained profit affect the value creation of 223 Brazilian companies, from 2008 to 2014, the control used was investment opportunity. Therefore we used descriptive statistics and panel data models. As main results we found that there is a high level of retained profit in the sample, however, a small part of the companies created value in the period. Still, the negative relationship between the level of capitalization of profits and created value is highlighted. Besides, it was observed that the companies that belonged to groups of higher levels of profit distribution ended up generating more wealth for investors.

  7. The Payout Decision-Making Process of Brazilian Listed Companies: A CFO Survey

    Directory of Open Access Journals (Sweden)

    Roberto Frota Decourt

    2012-12-01

    Full Text Available The purpose of this paper is to present the results of a survey with Brazilian listed companies CFOs` trying to identify how these companies determine and manage their payout policy. It was identified that the final decision about dividends is taken by the board of directors, taking into consideration a management proposal sent to them before. Main factors analyzed are net profit and cash generation during immediate previous period. The managers mainly consider interest on own capital (JSCP and dividends as instruments for payout policy. They believe that share repurchase is advantageous to shareholders; however, it is viewed more as an investment decision by the company than a dividend policy. The interest on own capital is broadly used because it provides a fiscal benefit to the company. It seems that management compensation policy affects dividends payout. This suggests an agency conflict between managers and shareholders.

  8. Project management as a competitive advantage for the internationalization of Brazilian companies

    Directory of Open Access Journals (Sweden)

    Andre Luiz Spinelli Schelini

    2017-12-01

    Full Text Available This study focuses on three theoretical axes: project management (PM, internationalization of companies and the resource-based view (RBV. It aimed to analyze if, and in what way, PM maturity contributes to the international strategy of Brazilian companies from the RBV perspective. The research strategy adopted in three Brazilian companies constituted a multiple case study with a descriptive exploratory approach through intercase and intracase analysis. As an unprecedented result, the study identified five characteristics of mature project management: project sustainability, stakeholder engagement, goal setting and strategy, change management, and risk management. Furthermore, all of these contributed to the internationalization of the companies in question, with an impact on competitive advantage, considering the RBV-VRIO analysis. Thus, the study contributes to the field by aiding companies that are beginning or intend to begin internationalization processes, enabling them to obtain better results through PM. A limitation of the study is the small number of cases investigated, which may be viewed as an opportunity for conducting further studies.

  9. Brazilian oil and gas supply and service industry's: context and perspectives; Contexto e perspectivas do segmento para-petrolifero brasileiro

    Energy Technology Data Exchange (ETDEWEB)

    Oliveira, Antonio Ricardo Pimentel de [PETROBRAS, Rio de Janeiro, RJ (Brazil)

    2008-07-01

    This paper describes the goods and services supply oil segment, as different than the oil companies segment itself. It points to the transformations in the goods and services supply segment from the 1980s until now. At that time with low international oil prices, the oil companies induced the goods and services firms to assume a major role in development of technology. Inside the country here, the goods and services segment had high local content performance but it was associated to low technology intensity or to branches of large multinational firms installed in the Brazilian market. The paper points the French approaching on this same oil segment and its applicability to the Brazilian case, giving one example of financial R and D resources for supporting such a target. Otherwise than in France some specific obstacles can be found here in that development purpose. As alternative some others scenarios were finally explored in the paper for further suggestions for institutional approaching in this Brazilian industrial oil segment. (author)

  10. The effects of vertical integration on oil company performance

    International Nuclear Information System (INIS)

    Barrera-Rey, Fernando.

    1995-10-01

    When asked to rank industries by their degree of vertical integration, most people would agree that the oil industry should come top of the list. Underlying this belief is the fact that integration and size tend to be closely associated. As the oil industry is so large and oil companies so visible and perceived as so profitable, the common belief is a correlation between vertical integration, size and performance. If a dynamic view is taken of this cross-sectional observation we would expect to find an oil industry populated only by fully integrated very large companies. Although the public and the government agencies may have a view of the large advantages of integration, the surprising fact is that many empirical studies do not focus on its costs. The observation of dispersion and stability of integration would suggest, as theoretical studies do, that a cost-benefit analysis of integration is needed. This study uses that driving hypothesis and tests for the costs and benefits of integration. The cost-benefit analysis would suggest that each company pursues integration up to the point where its benefits are outweighed by its costs. The results in this paper confirm just that: vertical integration reduces the level of efficiency of companies while it also reduces its variability. In other words, there are diseconomies of diversification but the market also incorporates inefficient volatility. However, the results are not impervious to change, there are periods when the inefficiency associated with integration is smaller as is also the risk-reducing ability of the strategy. This may help to explain the reasons why different degrees of integration may be optimal. (author)

  11. Oil company profitability: observations on the use of oil product price assessments and associated errors

    International Nuclear Information System (INIS)

    Jenkins, Gilbert

    2000-01-01

    Oil companies often report the exact price obtained for crude oil sales. Furthermore, crude oil prices may be linked to the price of Brent crude oil which is actively and very transparently traded on the International Petroleum Exchange. Brent crude oil prices are reported worldwide electronically and in many newspapers on a daily basis. Gas oil (No. 2 Fuel oil in the USA) is actively traded on the IPE and on NYMEX and the prices are also reported worldwide almost instantaneously. One grade of unleaded gasoline is traded on NYMEX but all other oil products do not have regulated and transparent markets. The prices of these products are assessed by price reporters following daily discussions with active oil traders. Two prices are assessed and reported, the bid (low) and offer (high) even if no trade has taken place. The oil industry itself and oil products consumers make much use of these assessed prices. The object of this paper is to provide some statistical detail on the differences between various product price assessments made through 2000. From these differences, it is possible to provide an indication of the precision of oil product price assessments However, it is doubtful if precision data based on a simple determination of the standard deviation of the differences between the assessment made by the various price reporting services would be of practical use. (Author)

  12. Energy conservation and oil substitution at a dairy company

    Energy Technology Data Exchange (ETDEWEB)

    1983-10-01

    Energy consumption data at the Bay of Islands Co-Operative Dairy Company for the 1980-1981 season were collected and analyzed according to energy demand and supply. Although oil consumption had been significantly reduced in the last few years, it was still a disproportionately large item in the energy budget. Given the existing coal handling facilities it seemed feasible to completely eliminate the need for oil except as a standby fuel. The study examined various options and three measures were proposed to achieve this goal. These were: (1) addition of two effects to the main evaporator, (2) replacement of the oil-fired spray drying air heater with steam coils, and (3) installation of coal-fired low pressure hot water boilers and associated pipework.

  13. The experience of western oil companies in Russia

    International Nuclear Information System (INIS)

    Moerland, A.

    1994-01-01

    The oil and gas industry is the most important industry to Russia providing 52% of all hard currency earnings for the country. The oil production is declining by more than 30% during recent years from 10.3 billion barrels per day in 1990 to 7.1 billion barrels today. The paper discusses the Amoco engagement in the Priobskoye Field in western Siberia containing up to 5 billion barrels of recoverable oil requiring capital investments of more than 25 billion dollars over the first 20 years. Over the last five years, foreign companies have worked with their Russian counterparts to complete numerous feasibility studies on many projects. In the next few months, important developments may take place such as the offshore Sakhalin in the East and the Timan Pechora region in the North. The experienced barriers connected to the activities, burden of taxes, policy issues etc., are dealt with

  14. Study notes separability of oil company profitability, efficiency

    International Nuclear Information System (INIS)

    Thompson, R.G.

    1993-01-01

    In recent years, the large publicly traded oil companies have been restructuring and downsizing to improve efficiency. Newly developed decision theory forces one to question the widely held singular focus on efficiency because improving efficiency will not necessarily improve profits. This is especially likely in the oil industry, where price volatility is the norm. Because its products are so basic, its price volatility typically ripples widely throughout the economy. In light of this, efficiency and profitability in the oil industry require separate treatment. More specifically, the efficient are not necessarily the most profitable; conversely, the most profitable are not necessarily the most efficient. Such a decoupling of efficiency and profitability requires a totally new look at business strategy. In the face of highly variable prices, firms can no longer depend on the long-accepted duality norm between profits and efficiency

  15. The experience of western oil companies in Russia

    Energy Technology Data Exchange (ETDEWEB)

    Moerland, A. [Amoco Erusia Petroleum Co., Moscow (Russian Federation)

    1994-12-31

    The oil and gas industry is the most important industry to Russia providing 52% of all hard currency earnings for the country. The oil production is declining by more than 30% during recent years from 10.3 billion barrels per day in 1990 to 7.1 billion barrels today. The paper discusses the Amoco engagement in the Priobskoye Field in western Siberia containing up to 5 billion barrels of recoverable oil requiring capital investments of more than 25 billion dollars over the first 20 years. Over the last five years, foreign companies have worked with their Russian counterparts to complete numerous feasibility studies on many projects. In the next few months, important developments may take place such as the offshore Sakhalin in the East and the Timan Pechora region in the North. The experienced barriers connected to the activities, burden of taxes, policy issues etc., are dealt with

  16. Lifestyle factors, direct and indirect costs for a Brazilian airline company

    Science.gov (United States)

    Rabacow, Fabiana Maluf; Luiz, Olinda do Carmo; Malik, Ana Maria; Burdorf, Alex

    2014-01-01

    OBJECTIVE To analyze lifestyle risk factors related to direct healthcare costs and the indirect costs due to sick leave among workers of an airline company in Brazil. METHODS In this longitudinal 12-month study of 2,201 employees of a Brazilian airline company, the costs of sick leave and healthcare were the primary outcomes of interest. Information on the independent variables, such as gender, age, educational level, type of work, stress, and lifestyle-related factors (body mass index, physical activity, and smoking), was collected using a questionnaire on enrolment in the study. Data on sick leave days were available from the company register, and data on healthcare costs were obtained from insurance records. Multivariate linear regression analysis was used to investigate the association between direct and indirect healthcare costs with sociodemographic, work, and lifestyle-related factors. RESULTS Over the 12-month study period, the average direct healthcare expenditure per worker was US$505.00 and the average indirect cost because of sick leave was US$249.00 per worker. Direct costs were more than twice the indirect costs and both were higher in women. Body mass index was a determinant of direct costs and smoking was a determinant of indirect costs. CONCLUSIONS Obesity and smoking among workers in a Brazilian airline company were associated with increased health costs. Therefore, promoting a healthy diet, physical activity, and anti-tobacco campaigns are important targets for health promotion in this study population. PMID:26039398

  17. Lifestyle factors, direct and indirect costs for a Brazilian airline company.

    Science.gov (United States)

    Rabacow, Fabiana Maluf; Luiz, Olinda do Carmo; Malik, Ana Maria; Burdorf, Alex

    2014-12-01

    OBJECTIVE To analyze lifestyle risk factors related to direct healthcare costs and the indirect costs due to sick leave among workers of an airline company in Brazil. METHODS In this longitudinal 12-month study of 2,201 employees of a Brazilian airline company, the costs of sick leave and healthcare were the primary outcomes of interest. Information on the independent variables, such as gender, age, educational level, type of work, stress, and lifestyle-related factors (body mass index, physical activity, and smoking), was collected using a questionnaire on enrolment in the study. Data on sick leave days were available from the company register, and data on healthcare costs were obtained from insurance records. Multivariate linear regression analysis was used to investigate the association between direct and indirect healthcare costs with sociodemographic, work, and lifestyle-related factors. RESULTS Over the 12-month study period, the average direct healthcare expenditure per worker was US$505.00 and the average indirect cost because of sick leave was US$249.00 per worker. Direct costs were more than twice the indirect costs and both were higher in women. Body mass index was a determinant of direct costs and smoking was a determinant of indirect costs. CONCLUSIONS Obesity and smoking among workers in a Brazilian airline company were associated with increased health costs. Therefore, promoting a healthy diet, physical activity, and anti-tobacco campaigns are important targets for health promotion in this study population.

  18. Lifestyle factors, direct and indirect costs for a Brazilian airline company

    Directory of Open Access Journals (Sweden)

    Fabiana Maluf Rabacow

    2014-12-01

    Full Text Available OBJECTIVE To analyze lifestyle risk factors related to direct healthcare costs and the indirect costs due to sick leave among workers of an airline company in Brazil. METHODS In this longitudinal 12-month study of 2,201 employees of a Brazilian airline company, the costs of sick leave and healthcare were the primary outcomes of interest. Information on the independent variables, such as gender, age, educational level, type of work, stress, and lifestyle-related factors (body mass index, physical activity, and smoking, was collected using a questionnaire on enrolment in the study. Data on sick leave days were available from the company register, and data on healthcare costs were obtained from insurance records. Multivariate linear regression analysis was used to investigate the association between direct and indirect healthcare costs with sociodemographic, work, and lifestyle-related factors. RESULTS Over the 12-month study period, the average direct healthcare expenditure per worker was US$505.00 and the average indirect cost because of sick leave was US$249.00 per worker. Direct costs were more than twice the indirect costs and both were higher in women. Body mass index was a determinant of direct costs and smoking was a determinant of indirect costs. CONCLUSIONS Obesity and smoking among workers in a Brazilian airline company were associated with increased health costs. Therefore, promoting a healthy diet, physical activity, and anti-tobacco campaigns are important targets for health promotion in this study population.

  19. The role of transnational companies as oil suppliers to the United States

    International Nuclear Information System (INIS)

    Palazuelos, Enrique

    2010-01-01

    This paper analyzes the extent to which the international oil production of transnational companies meets the oil requirements of the United States. Disaggregated data from each company have been used to determine which companies (refineries) are importing crude oil, how much oil each transnational company is produced abroad, and where this production goes to. The analysis show that American international oil production represents a small part of U.S. oil imports. Two conclusions are reached. The first is that U.S. refineries buy the majority of the crude oil they process on the international market and, as a result, are dependent on the unstable conditions of this market. The second is that the economic interests the large American oil companies have abroad are far greater than those they have within the United States and, as a result, these companies do not play a decisive role in a national strategy to guarantee foreign supply.

  20. The role of the state oil company in Latin America

    International Nuclear Information System (INIS)

    Teixeira, A.A.

    1991-01-01

    The role of the Latin American state oil companies (LASOCs) in establishing national industries to fuel economic development is discussed. LASOCs are represented internationally in an organization called ARPEL (Asistencia Reciproca Petrolera Estatal Latinoamericana) which is aimed to foster interchange, cooperation, and mutual assistance among its 20 member companies, as well as to promote economic integration of Latin America through its petroleum sector. State oil companies in Latin America date from 1922, when the oldest LASOC was created in Argentina. LASOCs are responsible for ca 80% of petroleum activities in Latin America. As of 1990, Latin American oil reserves, including gas liquids, amounted to ca 122 billion bbl or 12.2% of the world total. Regional oil production averaged 7.4 million bbl/d in 1990. Refining capacity is ca 7.7 million bbl/d, of which 80% is operated directly by LASOCs. Natural gas reserves are 7.3 trillion m 3 , ca 6% of the world total, and production averaged 360 million m 3 in 1990. LASOCs were generally created and developed under strong nationalistic climates and worked in regulated markets. They grew strongly during the 1960s and 1970s and also organized to work both in upstream and downstream operations. LASOC strategies varied according to the needs of the individual countries, but generally included promotion of long range plans to develop the local manufacturing and service industries. The larger LASOCs have developed important new technologies. In the 1980s, economic crises and financial manipulation by governments brought LASOCs into a serious crisis, and the latest trend is toward deregulation and an opening to foreign investment to encourage economic recovery. 8 figs., 2 tabs

  1. New procedures of ergonomics design in a large oil company.

    Science.gov (United States)

    Alhadeff, Cynthia Mossé; Silva, Rosana Fernandes da; Reis, Márcia Sales dos

    2012-01-01

    This study presents the challenge involved in the negotiation and construction of a standard process in a major petroleum company that has the purpose of guiding the implementation of ergonomic studies in the development of projects, systemising the implementation of ergonomics design. The standard was created by a multi-disciplinary working group consisting of specialists in ergonomics, who work in a number of different areas of the company. The objective was to guide "how to" undertake ergonomics in all projects, taking into consideration the development of the ergonomic appraisals of work. It also established that all the process, in each project phase, should be accompanied by a specialist in ergonomics. This process as an innovation in the conception of projects in this company, signals a change of culture, and, for this reason requires broad dissemination throughout the several company leadership levels, and training of professionals in projects of ergonomics design. An implementation plan was also prepared and approved by the corporate governance, complementing the proposed challenge. In this way, this major oil company will implement new procedures of ergonomics design to promote health, safety, and wellbeing of the workforce, besides improving the performance and reliability of its systems and processes.

  2. The Importance of the Oil and Gas Complex for the Brazilian Economy and Its States

    OpenAIRE

    Guilhoto, Joaquim Jose Martins; Ichihara, Silvio Massaru; Postali, Fernando Antonio Slaibe

    2006-01-01

    This paper presents the results of a research conducted to measure the importance of the oil and gas complex in the Brazilian economy and in its states. Initially, the efforts were concentrated in the construction of an interregional input-output system for the 27 states of the Brazilian economy at the level of 42 industries, for the year of 2002. Using this system it was possible to make an analysis of role played by the oil and gas complex in the Brazilian economy and its states. First it i...

  3. The national oil companies and the modernization of tax regimes in oil exporting countries

    International Nuclear Information System (INIS)

    Rodriguez-Padilla, V.

    1994-01-01

    The analysis of tax regimes for oil national companies leads through three conclusions : i) current tax regimes are economically inefficient but they may be corrected without changing the institutional framework ; ii) there is no optimal tax regime but certain principles such as equity, adaptability and neutrality have to be respected; iii) contracts and concessions might be appropriated tools while maintaining the monopoly of the national company but such a choice poses political and ideological problems. (Author). 26 refs., 1 fig., 1 tab

  4. INTERNATIONALIZATION STRATEGIES OF EMERGING COMPANIES: A COMPARATIVE STUDY OF BRAZILIAN CASES

    Directory of Open Access Journals (Sweden)

    Janaína Maria Bueno

    2012-01-01

    Full Text Available Over the last decade, interest has picked up as to emerging economies and their companies. This recent movement does not imply that previous theories and models are no longer applicable, however, one must analyze, in a broader comprehensive manner, a series of specific context factors and those concerning the management of this kind of company. Therefore, this paper analyzed the internationalization strategies adopted by six Brazilian companies before a set of internationalization models. A qualitative research approach was employed and in-depth interviews were conducted with corporate management level professionals. Companies were divided into three groups according to internationalization times (Group I – over ten years, Group II - between five and ten years, and Group III – under five years. Observations indicated that for Groups I and III companies the product lifecycle (Vernon, 1966 and 1979 and the eclectic paradigm (Dunning, 1980, 1988 and 2000 economic models support justifying internationalization motivations for companies’ internalization whilst the Uppsala model (Johanson and VAHLNE, 1979, 2009, at least in part explains, choice decisions concerning a few countries. As to Group II companies, the product lifecycle model is not the underlying motivation for internationalization, choices being more closely related to sector opportunities and the characteristics of both products and services.

  5. Indian oil company joins efforts to reduce methane emissions

    Science.gov (United States)

    Kumar, Mohi

    The Oil and Natural Gas Corp, Ltd. (ONGC), headquartered in Dehradun, India, has joined seven U.S. and Canadian oil and natural gas companies as a partner in a U.S. Environmental Protection Agency program to reduce greenhouse gas emissions. EPA's Natural Gas STAR International Program aims to reduce methane emissions from the oil and natural gas sector while delivering more gas to markets around the world. With this partnership, ONGC agrees to implement emissions reduction practices and to submit annual reports on progress achieved; EPA agrees to assist ONGC with training technicians in new cost-effective technologies that will help achieve target emissions. The Natural Gas STAR International Program is administered under the Methane to Markets Partnership, a group of 20 countries and 600 companies across the globe that since 2004 has volunteered to cut methane emissions. More information on EPA's agreement with ONGC can be found at http://www.epa.gov/gasstar/index.htm; information about the Methane to Markets Partnership can be found at http://www.methanetomarkets.org.

  6. COMPARATIVE EVIDENCE ABOUT KNOWLEDGE TRANSFER BETWEEN BRAZILIAN AND FOREIGN FRANCHISE COMPANIES

    Directory of Open Access Journals (Sweden)

    Rogério Stival Morgado

    2012-01-01

    Full Text Available The objective of this study is to compare the process of transferring knowledge in franchising between Brazilian and international companies operating in Brazil. Franchising has shown an important phenomenon in many countries, with considerable evidence of growing globally. It is a new type of business organization as an object of academic research field offering great reviews, but also limitations as references and studies of depth of field. The traditional literature in management emphasis on franchising, in large part to its importance as a way to circumvent resource constraints, as their characteristics and definition of business practices among its different parts. The transfer of knowledge in franchising is still a gap especially among companies in different countries. In addition, we adopted a methodology that this study followed a qualitative research with in-depth interviews of franchisees. The results show that Brazilian firms oriented transfer of knowledge in franchising for more lawsuits based on tacit knowledge, thus using more informal and less number of transfer mechanisms in these processes. International companies operating in Brazil for franchising rely on formal processes with periodic meetings, training and technological resources, and therefore have a greater control over the process of transferring knowledge to the franchised units. Thus, this study seeks to help we better understand franchising, development processes and their expansion in emerging markets like Brazil.

  7. Disclosure Level of CPC 29 Biological Assets: Analysis of Determining Factors in Brazilian companies

    Directory of Open Access Journals (Sweden)

    Daniel Ramos Nogueira

    2017-04-01

    Full Text Available The research question guiding this research is "What are the Determining Factors of CPC 29 Disclosure in Brazilian Companies?". In this aspect, the research objective was to evaluate the main factors that affect the disclosure of information related to biological assets. For this, 5 variables highlighted in the literature were selected as evidence influencers. The sample was composed of Brazilian companies with biological assets in the Balance Sheet. From this list, financial statements, explanatory notes, corporate management level and independent auditing company for the 6 years (2010 to 2015 were collected. With the collected information, the dependent variable (Disclosure level of CPC 29 and the independent variables of each year were verified. At the end (after exclusions, 100 observations were analyzed. The results indicated that the variables Size, Representativeness of Biological Assets and Effectiveness of OCPC 07 positively impacted the level of Disclosure. The first two confirmed the predicted hypothesis and OCPC 07 presented a relation that was different from what was expected, showing an increase and not a reduction in the number of disclosures in the years 2014 and 2015.

  8. The relationship between corporate governance and capital structure of Brazilian companies during 2000-2013 period

    Directory of Open Access Journals (Sweden)

    Camila Veneo Campos Fonseca

    2016-08-01

    Full Text Available The purpose of this study is to explore the impact of corporate governance practices on capital structure of 252 Brazilian non-financial public listed companies between 2000 and 2013. Panel data econometric techniques were used, with the adoption of a System Generalized Methods of Moments estimator in order to control the potential sources of endogeneity between ownership structure and governance practices. Results show evidence that high corporate governance levels improved the access to debt capital and increased the debt maturity.

  9. National and multinational oil companies. Strategy and performance

    International Nuclear Information System (INIS)

    Baddout, J.

    2009-01-01

    This article seeks to analyse the competition that has developed since the 1970's between the Majors and national oil companies o OPEC (NOCs) for the control of the global oil market. The excess production capacity strategy that the NOCs long followed was based on the exploitation of huge and low production cost oil reserves (static advantage) while that of the Majors has been based on the R and D of new technologies (dynamic advantage). The choice of NOCs did not turn out to be very effective as, apart from being static, excess capacity was not used by the NOCs as a strategically competitive weapon to dissuade Majors om staying in the market, but only to maximize their short-term profits. ts. On the other hand, the Majors' strategy turned out to be more effective, as not only did it allow them to regain their pre-1970 dominant position and to postpone the date of exhaustion of the resource by finding new reserves, and moreover, it dampened oil prices for a considerable period, thus depriving NOCs of part of their economic rent. (author)

  10. 77 FR 32631 - Lion Oil Trading & Transportation, Inc., Magnolia Pipeline Company, and El Dorado Pipeline...

    Science.gov (United States)

    2012-06-01

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. OR12-13-000] Lion Oil... of the Commission's Rules of Practice and Procedure, 18 CFR 385.202 (2011), Lion Oil Trading & Transportation, Inc., Magnolia Pipeline Company, and El Dorado Pipeline Company, collectively, Lion Companies...

  11. Information asymmetries, information externalities, oil companies strategies and oil exploration information efficiency

    International Nuclear Information System (INIS)

    Nyouki, E.

    1998-07-01

    Both for economics (in general) and energy economics matters, it is important to reach oil exploration efficiency. To achieve this aim, a pragmatic approach is to use the concept of information efficiency which means that the different tracts have to be drilled in the decreasing order of estimated profitabilities, estimations being made on the basis of the best (in the sense of reliability) available information. What does 'best available information' mean? It corresponds either to the information held by the most experienced oil companies (due to the existence of information asymmetries to the profit of these companies), or to information revealed by the drilling and which allows to revise probabilities of success on neighboring tracts with similar geological features (due to the existence of information externalities). In consideration of these information asymmetries and externalities, we will say that exploration is information efficient when. -- on the one hand, initial exploration choices are directed by the most experienced companies, - and, on the other hand, during the drilling phase, in the face of the information externality, companies adopt a sequential drilling, i.e. excluding both over-investment and strategic under-investment. The topic we deal with in this thesis is then to know if oil companies, when they are put in normal competition conditions, are likely to make emerge a state of information efficiency in exploration, the analysis being conducted theoretically and empirically. (author)

  12. Centralized vs. decentralized thermal IR inspection policy: experience from a major Brazilian electric power company

    Science.gov (United States)

    dos Santos, Laerte; da Costa Bortoni, Edson; Barbosa, Luiz C.; Araujo, Reyler A.

    2005-03-01

    Furnas Centrais Elétricas S.A is one of the greatest companies of the Brazilian electric power sector and a pioneer in using infrared thermography. In the early 70s, the maintenance policy used was a centralized approach, with only one inspection team to cover all the company"s facilities. In the early 90s, FURNAS decided to decentralize the thermography inspections creating several inspection teams. This new maintenance policy presented several advantages when compared to the previous one. However the credibility of the results obtained with the thermal inspection was frequently being questioned, in part due to the lack of a detailed planning to carry out the transition from the centralized inspection to the decentralized one. In some areas of the company it was suggested the inactivation of the thermography. This paper presents the experience of FURNAS with these different maintenance policies and details the procedures which have been taken that nowadays the infrared thermal inspection has become one of the most important techniques of predictive maintenance in the company.

  13. Dual Class Firms: A Study on the Impact Value of Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Tadeu Grando

    2016-08-01

    Full Text Available From the ‘Agency Theory' and the conflict of interest assumption the aim of this study is verify the impact of the use of two classes of shares (dual class on the value in brazilian companies. The sample consisted of non-financial traded companies, with concentrated ownership structure, data are available in Economática®, totaling 354 companies and 1,915 observations. The data refer to the period 2005 to 2012. It terms of methodology, to research the hypothesis of the study it was used a regression by ordinary least squares, with panel data. The results indicate that companies using two classes of shares, such as separation mechanism between the cash flow and the equity control, have lower value then the ones not using such a mechanism. Additionally, it can be inferred that the governance levels and the higher dividend payment policy in the preferred shares are not able to mitigate the higher level of conflicts of interest and agency costs in dual class companies.

  14. Developing and Managing Cross-Functional Teams: A Multi-Case Study of Brazilian Manufacturing Companies

    Directory of Open Access Journals (Sweden)

    Márcio Lopes Pimenta

    2014-06-01

    Full Text Available The growth of industries and the strong economic base in Brazil require improvements and adaptations in business processes. Cross-functional teams (CFT may help to companies achieve these improvements. This research looks at characterizing CFT according to application processes, structures, objectives and impacts, considering the context of demand planning and related processes. In-depth interviews with 22 managers were performed in three Brazilian manufacturing companies. A framework to characterize CFT and respective impacts is proposed, including elements such as: procedures, context and goals, power distribution, impacts on cross-functional integration, impacts on teams' performance and on organization's performance. One significant managerial finding is that effective and efficient CFTs need balanced distribution of power among members by effectively establishing and structuring the team. By doing this, managers may observe positive impacts on inter-functional integration and in firm's results. Moreover, teams should permanently perform joint planning to predict unfavorable situations, improve communication and mutual understanding.

  15. BRAZILIAN MULTINATIONAL COMPANIES: THE ROLE OF TECHNOLOGY IN THE CONQUEST OF THE EXTERNAL MARKET

    Directory of Open Access Journals (Sweden)

    Eva Stal

    2005-01-01

    Full Text Available The paper intends to show the importance of the internationalization process of companies from developing countries, which face global competition. Outside production stimulates the exports of raw materials, components and finished products, mainly in industrial sectors that produce differentiated goods of a higher technological content. Besides, the presence in more demanding markets facilitates the incorporation of new technologies and capacity building. Based on the behavioral and economical theories that explain the internationalization process of firms, a case study was conducted in Sabó, an autoparts manufacturer, and one of the few national firms that survived the liberalization process of the Brazilian economy, in 1990. This is explained by its innovative characteristics, which allows it to compete in the international market with the biggest companies in its sector. We conclude that, in the presence of a strong asset, like innovative technologies, the economical theories provide a better support for a successful internationalization process.

  16. IT MANAGEMENT DESIGN AT THE TOP 100 BRAZILIAN COMPANIES, ACCORDING TO THEIR CIOs

    Directory of Open Access Journals (Sweden)

    Leonel Cezar Rodrigues

    2010-01-01

    Full Text Available The objective of this paper is to identify the design of IT management atn the top 100 Brazilian companies. The research method was a quantitative approach, using the descriptive-statistical method to describe the data collected through a questionnaire with 77 questions, based on the rationale of the IT management, proposed by Lutchen (2003. The main results indicate that: a IT aligns with the basic processes of business, although not fully synchronized; b IT management adheres to conformity systems (ITIL, COBIT, but does not show optimization of business processes; c IT delivers the basic demands, but does not impose or use the best automated practices; and d IT quality is based on documented processes, but lacks indicators to control and orient business improvement. One may infer that IT management, at the top 100 Brazilian companies is essentially based on standard IT conformity systems, under the rationale of solution providers, and not as a business innovator or rule breaker. Thus, in spite of aligning and responding to business basic demand, IT management still does not show clear signs of alignment with the evolving nature of business models, needed to sustain business performance.

  17. IT MANAGEMENT DESIGN AT THE TOP 100 BRAZILIAN COMPANIES, ACCORDING TO THEIR CIOs

    Directory of Open Access Journals (Sweden)

    Leonel Cezar Rodrigues

    2009-12-01

    Full Text Available The objective of this paper is to identify the design of IT management atn the top 100 Brazilian companies. The research method was a quantitative approach, using the descriptive-statistical method to describe the data collected through a questionnaire with 77 questions, based on the rationale of the IT management, proposed by Lutchen (2003. The main results indicate that: a IT aligns with the basic processes of business, although not fully synchronized; b IT management adheres to conformity systems (ITIL, COBIT, but does not show optimization of business processes; c IT delivers the basic demands, but does not impose or use the best automated practices; and d IT quality is based on documented processes, but lacks indicators to control and orient business improvement. One may infer that IT management, at the top 100 Brazilian companies is essentially based on standard IT conformity systems, under the rationale of solution providers, and not as a business innovator or rule breaker. Thus, in spite of aligning and responding to business basic demand, IT management still does not show clear signs of alignment with the evolving nature of business models, needed to sustain business performance.

  18. THE USE OF CATEGORIES AS INDICATORS OF ORGANIZATIONAL CLIMATE IN BRAZILIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Joel Souza Dutra

    2012-04-01

    Full Text Available In order to analyze employees’ perception of the work environment, companies with a well-established people management structure periodically conduct organizational climate surveys. These surveys are meant to offer an understanding of how employees view the quality of the relationships they experience in the company. One of the characteristics of this type of survey, identified both in the relevant literature and empirically in practice, is the use of categories or indicators to direct development of the research instrument, data analysis, and later intervention as needed according to the results of the survey. This article seeks to propose a categorization of organizational climate dimensions directed at the Brazilian corporate reality, analysing its internal consistency and its construct validity. To that end, we used the results of a wide-ranging data sample collected from 123,445 respondents of 491 organizations in various regions of Brazil. The proposed analysis categories – identity, satisfaction and motivation, learning and development, and leadership – were reviewed based on theories of organizational behavior and then submitted to a focus group composed of human resources professionals employed by prominent Brazilian corporations.

  19. THEORETICAL ESSAY ABOUT THE RELATION BETWEEN FINANCIAL LEVERAGE AND INVESTMENT IN BRAZILIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Aline Midori Kuroda

    2015-12-01

    Full Text Available The quest for understanding the relationship between the capital structure and investment decisions resulted in many different authors contribution. In the Brazilian economic scenario, an empirical study performed by Albuquerque and Matias (2013 identified the existence of a strong negative relation between finance leverage and investment in Brazilian public companies. The purpose of this study was to investigate whether the theory of finance supports these empirical findings or if there is a discrepancy between the practical behavior and the theoretical rules. To this end, it was performed a bibliographic research of scientific works related with this theme, among them Carneiro, Salles and Wu (2006, Hadlock and Pierce (2010 and Dang (2011. The methodology of this research can be classified as exploratory, according to its purpose, qualitative in terms of approach and bibliographical considering its technical procedures. All the developed analysis led to the formulation of six theoretical propositions that support the relation between financial leverage and investment. The negative and positive effects of debt were considered according to growth opportunities, the supply of credit in the Brazilian context, the raising of risk and cost of capital and the allocation of resources obtained through external funding. Briefly, it can be concluded that these six theoretical propositions could serve as the fundamentals of the relation in question, two being based on the under-investment and overinvestment theories and the other four, on the Brazilian financial market aspects. All of them must be considered in the decision making of a financial manager, especially the related with the financing options.

  20. A retrospect of U.S. oil industry takeovers of U.S. copper companies

    International Nuclear Information System (INIS)

    Campbell, G.A.

    1991-01-01

    This study is a retrospect of the US oil companies' takeovers of US copper companies during the era of 1975-81 and the subsequent divestitures. The oil companies' management favored these takeovers for financial and diversification purposes. Failure to meet these purposes is blamed for the immediate divestitures. This assertion is considered. The additional factor of a sharp oil industry downturn and its aftermath is found to be the key in explaining the divestitures

  1. The Russian oil industry between public and private governance: obstacles to international oil companies' investment strategies

    International Nuclear Information System (INIS)

    Locatelli, Catherine

    2006-01-01

    The low level of involvement by international oil companies in Russia seems difficult to explain given what development of its resources and production has to offer. There are still many restrictions and contradictions, born of the particular institutional and political environment of the Russian oil industry at the end of 15 years of transition, that act as a bar to international integration. Three factors currently define the establishment of relations with foreign investors. First, because of the many different levels of negotiation with Russian companies, the State and the Regions, the decisions are based on complex relations between the various forces. Second, the reforms, and especially privatisation and the allocation of rights of ownership to deposits, are considered by sizeable sections of public opinion and many political classes to be illegitimate, thus making the issue of international investment and foreign presence still more complicated. Finally, the State's wish to take back the oil industry in order to use it to fulfil its economic and foreign policies is creating further uncertainty. These three elements seriously restrict the entry of international oil companies to the Russian market

  2. Ownership structure and economic and socio-environmental disclosure in the largest Brazilian companies

    Directory of Open Access Journals (Sweden)

    Tatiana Aquino Almeida

    2016-01-01

    Full Text Available The disclosure of sustainable practices has become important in the search for competitive advantage, so as to meet the expectations of the various stakeholders. Thus, the study aims to investigate the relationship between the ownership structure and the economic and environmental voluntary disclosure in the largest Brazilian companies, analyzing ownership concentration and the identity of the controlling shareholder. For the analysis, we considered the economic, social and environmental perspectives, addressed both individually and jointly. The sample consists of 47 companies from the 100 largest public companies listed on BM&FBOVESPA, according to the magazine Exame Biggest and Best, edition 2013. The research is descriptive and quantitative, using Multiple Linear Regression for statistical analysis. The descriptive analysis of the prospects of (economic, social, environmental and sustainability disclosure showed lower average disclosure for the environmental aspect. The state control organizations stood out with the highest average in three of the four levels of disclosure: economic, social and sustainability. As regards the application of statistical analysis, the regression models were not statistically significant, indicating that, for the companies in the sample, the ownership structure does not influence the economic and socio-environmental disclosure.

  3. Canadian oil companies, engineering and geomatics professionals and CSR overseas

    Energy Technology Data Exchange (ETDEWEB)

    Calderbank, B.

    2002-07-01

    This research project focused on the human rights issues associated with oil and gas development in Alberta. Of particular interest was the topic of corporate social responsibility (CSR). The author examined efforts deployed in Alberta to address this issue in oil and gas companies that have operations abroad. A brief review of the interest devoted to CSR in Canada over the years was provided. The United Nations (UN) Universal Declaration of Human Rights was introduced, before discussing the International Labour Organization's (ILO) Declaration on Fundamental Principles on Rights at Work. The author also touched on the Caux Round Table, representing senior business leaders from industrialized and developing nations. The Canadian efforts in the field of CSR for overseas operations were reviewed in the next section. Canadian oil and gas trade associations and CSR was dealt with, followed by a section on verification of CSR. The next section was devoted to Canadian engineering and geomatic professional associations and CSR. The author concluded by indicating that having a set of principles to be applied in real situations also require individuals that possess a strong ethical and moral basis of their own. 88 refs., 4 tabs.

  4. Natural gas: Governments and oil companies in the Third World

    International Nuclear Information System (INIS)

    Davidson, A.; Hurst, C.; Mabro, R.

    1988-01-01

    It is asserted that oil companies claim to be generally receptive to gas development proposals; however, the lack of potential markets for gas, problems of foreign exchange convertibility, and lack of a legal framework often hinders their engagement. Governments, on the other hand, need to secure domestic energy supply and, if possible, gain some export earnings or royalties. An extensive discussion on the principles of pricing and fiscal regimes, potential points of disagreement is provided. A course of action is outlined from the managerial point of view to circumvent the most common pitfalls in planning and financing a gas project. Eight very detailed case studies are presented for Argentina, Egypt, Malaysia, Nigeria, Pakistan, Tanzania, Tunisia and Thailand

  5. The energy efficiency of crude oil refining in Brazil: A Brazilian refinery plant case

    International Nuclear Information System (INIS)

    Lima, Romulo S. de; Schaeffer, Roberto

    2011-01-01

    This article evaluates energy efficiency in Brazilian crude oil refining in comparison with the crude oil refining in the United States between 1930 and 2008. It aims to show that increased refinery complexity reduces the energy consumption of products of high value added. Moreover, the article shows that improvements in energy efficiency result in higher quality products and increased processing of oil. A Brazilian refinery with a capacity of 157,000 barrels per day (kbpd) was modernized in 2008 at a cost of US $1.3 billion. As a result, its capacity increased by 17%, from 157 to 189 kbpd. Its complexity index also rose from 3.2 to 6.8, allowing an improvement in the EII (energy intensity index) from 110% to 93%. In relation to the crude oil processed before being modernized, energy consumption fell from 0.75 to 0.52 MBtu (million British thermal units) per barrel processed. These proceedings show that increases in complexity reduce the energy consumed in the production of final products with high value added, such as gasoline, diesel and jet fuel. -- Highlights: → Increased refinery complexity reduces the energy consumption of products of high value added. → Improvements in refinery energy efficiency result in higher quality products and increased processing of oil. → Brazilian refineries were not affected significantly in the 2008 crisis, such as the US refineries, due to many factors. → The EII of Brazilian refining presents real opportunities for gains through changes in the profile of energy consumed.

  6. Environmental Discourses in Organizations: the Case of a Brazilian Mobile Telecommunications Company

    Directory of Open Access Journals (Sweden)

    Alexandre de Pádua Carrieri

    2007-09-01

    Full Text Available This paper examines the discourse configurations on the environmental theme in business organizations and its relevance to the understanding of the inclusion of ecological discourses in the discourses of organizational members. A case study into a Brazilian telecommunications company offers empirical evidence. It begins with the understanding that organizations adopt several strategies in an attempt to disseminate a certain environmental discourse. As these efforts share space with other pressures, a fragmented discourse emerges. In this paper, the pressures of the environmental theme on organizations are discussed in order to understand this process. The second part of the argument focuses on the context of the case study – Brazilian organizations – and, afterwards, the third part deals with ecological discourses in their insertions in organizational interests. The data of the case study were collected through documental research and 40 semi-structured interviews. The analysis was applied based on Discourse Analysis. In conclusion, an ambiguous discourse configuration was shown that offer elements for the understanding that philanthropy, legal obligation and organizational competitiveness need to be used together to offer legitimacy to the theme of environmental responsibility in business organizations.

  7. [The law of quotas for people with disabilities in Brazilian companies: the impact and possible alternatives].

    Science.gov (United States)

    Zanitelli, Leandro Martins

    2013-07-01

    This paper consists of a theoretical analysis of the impact of the Brazilian law establishing quotas for people with disabilities in companies with one hundred or more employees, as well as the possible impact of some alternative legal measures: incentives (fiscal incentives and tradable rights) and information disclosure policies. The analysis is based on work regarding the efficacy of legal norms in general, and particularly the literature concerning the cost and cognitive effects of those norms. Given its exclusively theoretical character, the paper does not affirm the superiority of any regulatory strategy over the current law, but draws attention to the likely reasons for the failure of the quota system and for the potential and inconveniences of its proposed alternatives.

  8. The Current and Future Role of Nigerian Indigenous Oil Companies in the Mature Niger Delta

    International Nuclear Information System (INIS)

    David Rowlands, Spectrum Energy and Information Technology Ltd

    2002-01-01

    Over the last 10 years, there has been a steady increase in the number of successful Indigenous Oil Companies exploring for hydrocarbons in the Niger Delta. A number of these companies have already entered into partnership agreements with overseas based oil companies, however, many more are still seeking technical and financial partnership agreements with overseas based oil companies, however, many more are still seeking technical and financial partners to fulfil their licence commitments. The first exploration licence to an Indigenous Company was awarded in the mid eighties. However, it wasn't until the early nineties that the Nigerian Government's intention to privatise the oil industry gathered momentum. Between 1991 and 1993 a number of discretionary awards of acreage from various sedimentary basins in Nigeria were made to Nigerian Indigenous Companies. Many of these companies had little or no previous experience of hydrocarbon exploration.Sixteen of the Indigenous Companies have already reported discoveries in various parts of the delta, either in partnerships with foreign companies or independently. Eight of the Indigenous Companies are producing hydrocarbons. With very little production in the early 90's, the Indigenous Companies now account for over 4.5% of Nigeria's daily production. The government is intent on increasing this percentage through initiatives such as the Marginal Fields re-allocation programme, and the continued award of acreage in traditional license rounds. This paper takes a closer look at the operations and discoveries of two Indigenous Companies Solgas and Summit with the aim of providing an insight into the structure and mode of operation of typical Nigerian Indigenous Oil Companies.The more recent licensing activity in Nigeria includes the current Marginal Fields re-allocation programme and also possible participation of Nigerian companies in the join Development Zone between Nigeria and Sao Tome and Principe. The paper concludes with

  9. Valuation of international oil- and gas companies; Verdsetting av internasjonale olje- og gasselskaper

    Energy Technology Data Exchange (ETDEWEB)

    Osmundsen, Petter; Mohn, Klaus; Espedal, Harald; Loevaas, Kjell

    2002-07-01

    In Norway, stock exchange quotation of Statoil has led to increased interest in valuation of oil companies. This article goes through the theory of corporate valuation. Then it compares the theory with practice, where valuation largely is built on accounts-based indicators. Taking the oil companies as a case, the article describes and evaluates the valuation methods used by analysts and investment banks.

  10. Chemical variability of the essential oils from fruits of Pterodon emarginatus in the Brazilian Cerrado

    Directory of Open Access Journals (Sweden)

    Suzana F. Alves

    2013-02-01

    Full Text Available Pterodon emarginatus Vogel, Fabaceae, is a tree species commonly known as "sucupira-branca". It is a popular medicinal plant in the Brazilian cerrado (Savanna. This study investigates the chemical variability of the essential oils from fruits of P. emarginatus. The fruits were collected from five sites in the Brazilian Cerrado and their essential oils were analyzed by GC/MS. The results obtained by Principal Component and Cluster Analysis identified two groups: cluster I containing β-caryophyllene and δ-elemene and cluster II containing α-copaene, β-cubebene, allo-aromadendrene, α-cubebene and γ-muurulene. The Canonical Discriminant Analysis was used to differentiate between clusters on the basis of essential oil composition. The results showed high variability in the composition of the essential oils from fruits of P. emarginatus, contributing to studies of domestication of this species.

  11. Money matters. Financial world looks at oil companies with Argus eyes

    International Nuclear Information System (INIS)

    Van Gool, M.

    2008-01-01

    The financial markets foresee high risks in the energy sector for the big, private oil companies such as ExxonMobil, Shell and BP. It appears that these companies are undervalued, In contrast, financial backers are justifiably positive about companies providing services to the oil sector, such as Schlumberger and Halliburton, and 'utilities', such as Eon and EDF, which still have considerable room for growth, The relatively high valuation of state-controlled oil and gas companies such as Gazprom is somewhat more speculative

  12. No 2951. Proposal of law for the increase of the tax rate of oil companies profit

    International Nuclear Information System (INIS)

    Luca, L.

    2006-03-01

    The profits made in 2005 by oil companies is enormous and results from the important and continuous rise of the oil barrel price. However, this high price has led to an inflation of automotive and space heating fuel prices which has penalized the end-users. These end-users have also contributed in this way to the excellent financial results of oil companies. Therefore, this proposal of law aims at establishing a pay-back system to end-users as soon as the profits of oil companies exceed a given threshold. (J.S.)

  13. The thinking of Cloud computing in the digital construction of the oil companies

    Science.gov (United States)

    CaoLei, Qizhilin; Dengsheng, Lei

    In order to speed up digital construction of the oil companies and enhance productivity and decision-support capabilities while avoiding the disadvantages from the waste of the original process of building digital and duplication of development and input. This paper presents a cloud-based models for the build in the digital construction of the oil companies that National oil companies though the private network will join the cloud data of the oil companies and service center equipment integrated into a whole cloud system, then according to the needs of various departments to prepare their own virtual service center, which can provide a strong service industry and computing power for the Oil companies.

  14. The political role of national oil companies in the large exporting countries : the Venezuela case

    International Nuclear Information System (INIS)

    Mommer, B.

    1994-01-01

    This paper starts by defining the role of mining companies vis-a vis the landlords in a modern economy. Then it examines the role international oil companies played in exporting countries. Finally the role of national oil companies is analyzed following the same scheme : what is their contribution to the development of a new landlord-tenant relationship, nationally and internationally ? ''Petroleos de Venezuela'' is taken as an example. (Author). 27 refs

  15. Second to none: Brazilian, Mexican oil giants turn to Canadian satellite system for eagle eye on offshore spills

    International Nuclear Information System (INIS)

    Cramp, B.

    2001-01-01

    The use by Petrobras of Canada's RADARSAT-1 earth observation satellite imaging system to determine the characteristics of the developing environmental disaster when the world's largest oil rig afloat, owned by Petrobras, was sinking of the Brazilian coast following a series of three explosions which seriously damaged the rig. RADARSAT-1 was pressed into service to determine the fate of the oil slick in terms of where it was heading and how soon it would get there, information that is vital to directing clean-up efforts to minimize the damage. RADARSAT-1 was also involved in responding to a tanker oil spill in January 2001 that threatened the Galapagos Islands off the coast of Ecuador. PEMEX, the Mexican state oil company also uses RADARSAT-1 satellite imagery to monitor its nearly 400 marine oil operations in the Gulf of Mexico. RADARSAT-1, launched in 1995 by the Canadian Space Agency, is well known for its reliability, regularity and rapidity. It is equipped with microwave sensors, which can be relied on to produce usable imagery 96 to 97 per cent of the time. It can acquire imagery day or night under any atmospheric conditions through its ability to penetrate darkness, cloud, rain or haze. This is crucial when tracking oil slicks in the ocean where clouds and haze are common, especially near or in the equatorial zones. RADARSAT-1 works by transmitting microwave energy, bouncing it off the earth's surface and back to the satellite. The returning signals are received and stored by the satellite as data. Oil slicks as small as 100 metres long can be detected from space by RADARSAT-1

  16. Evaluating perceived quality of CELPE service: A Brazilian power company case study

    International Nuclear Information System (INIS)

    Paes de Barros Filho, Joao; Fritsch Damasio da Silva, Cleriston; Nascimento Melo, Maria Auxiliadora do; Dumke de Medeiros, Denise

    2009-01-01

    This paper presents an application of a methodology for the diagnosis and analysis of the service quality perceived by a Particular Group of CELPE Corporate Customers, a Brazilian power company at Pernambuco State. Concepts, on the power sector, of Quality in Services, Performance Objectives and Critical Factors of Success have been used to develop the analysis. Next, the Critical Factors for a power company were determined and classified in accordance with the performance objectives: Quality, Dependability, Speed and Flexibility. From the factors established, a questionnaire was created to collect data. The case studied involves quantitative research on CELPE's private corporate principal customers using statistical tests to measure internal consistency reliability of the questionnaire scales and to identify underlying concepts, in the four groups analyzed, through which the private corporate customers perceive quality in the given services. Among the goals of this study are to improve the relationship with principal Private Corporate Clients, to create customer loyalty, and to maximize efforts in providing the power supply service, all of them with a view to improving and determining the Global Satisfaction Index

  17. Evaluating perceived quality of CELPE service: A Brazilian power company case study

    Energy Technology Data Exchange (ETDEWEB)

    Paes de Barros Filho, Joao [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)], E-mail: joaopaes@celpe.com.br; Fritsch Damasio da Silva, Cleriston [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)], E-mail: cleriston_silva@yahoo.com.br; Nascimento Melo, Maria Auxiliadora do [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)], E-mail: manmelo@ufpe.br; Dumke de Medeiros, Denise [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)], E-mail: ddm@ufpe.br

    2009-04-15

    This paper presents an application of a methodology for the diagnosis and analysis of the service quality perceived by a Particular Group of CELPE Corporate Customers, a Brazilian power company at Pernambuco State. Concepts, on the power sector, of Quality in Services, Performance Objectives and Critical Factors of Success have been used to develop the analysis. Next, the Critical Factors for a power company were determined and classified in accordance with the performance objectives: Quality, Dependability, Speed and Flexibility. From the factors established, a questionnaire was created to collect data. The case studied involves quantitative research on CELPE's private corporate principal customers using statistical tests to measure internal consistency reliability of the questionnaire scales and to identify underlying concepts, in the four groups analyzed, through which the private corporate customers perceive quality in the given services. Among the goals of this study are to improve the relationship with principal Private Corporate Clients, to create customer loyalty, and to maximize efforts in providing the power supply service, all of them with a view to improving and determining the Global Satisfaction Index.

  18. Evaluating perceived quality of CELPE service. A Brazilian power company case study

    Energy Technology Data Exchange (ETDEWEB)

    De Barros Filho, Joao Paes; Da Silva, Cleriston Fritsch Damasio; Do Nascimento Melo, Maria Auxiliadora; De Medeiros, Denise Dumke [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)

    2009-04-15

    This paper presents an application of a methodology for the diagnosis and analysis of the service quality perceived by a Particular Group of CELPE Corporate Customers, a Brazilian power company at Pernambuco State. Concepts, on the power sector, of Quality in Services, Performance Objectives and Critical Factors of Success have been used to develop the analysis. Next, the Critical Factors for a power company were determined and classified in accordance with the performance objectives: Quality, Dependability, Speed and Flexibility. From the factors established, a questionnaire was created to collect data. The case studied involves quantitative research on CELPE's private corporate principal customers using statistical tests to measure internal consistency reliability of the questionnaire scales and to identify underlying concepts, in the four groups analyzed, through which the private corporate customers perceive quality in the given services. Among the goals of this study are to improve the relationship with principal Private Corporate Clients, to create customer loyalty, and to maximize efforts in providing the power supply service, all of them with a view to improving and determining the Global Satisfaction Index. (author)

  19. World oil and gas exploration trends: A comparative study of national and U.S. private oil companies

    International Nuclear Information System (INIS)

    Ghouri, S.S.K.

    1991-01-01

    This study hypothesizes that private oil companies and state-owned, national oil companies (NOCs) have different objectives and priorities and thus that different behavioral models are needed to explain changes over time in the level of exploration by these two groups of companies. More specifically, exploration by private companies is expected to be more sensitive to changing oil prices than exploration by NOCs. The study develops three different sets of expected determinants of change over time in the level of exploration (for private companies, and two groups of NOCs-oil importers and non-OPEC oil exporters). In the private-sector model, exploration is driven by expected determinants of profitability, such as oil prices and exploration costs. The NOC models also include national-priority variables, such as import dependency. The study then tests these behavioral models by specifying and estimating econometric models for the period 1970-1988 for 11 companies from the three company groups. Three econometric models are used: static, Koyck distributed lag, and Almon polynomial distributed lag models. The study concludes on the basis of three comparisons that different behavioral models are needed to understand changes in the level of exploration by private companies and NOCs. First, the private-sector model is estimated for all companies. For private companies, the private-sector model works well, whereas for the NOCs it does not, presumably because important determinants of NOC exploration are excluded from the model. Second, when these excluded variables are included in the specification, regression results for the NOCs improve significantly. Third, the private companies have higher elasticities of exploration in both the short run and long run than the NOCs

  20. Regulation aspects of the restructuring of Argentine oil and gas sector. The Brazilian experiences; Aspectos regulatorios da reestruturacao do setor de oleo e gas argentino. Experiencias a observar no caso brasileiro

    Energy Technology Data Exchange (ETDEWEB)

    Luczynski, Estanislau; Paula, Claudio Paiva de [Sao Paulo Univ., SP (Brazil). Programa Interunidades de Pos-Graduacao em Energia]. E-mail: stasczenco@zipmail.com.br; clpaiva@mandic.com.br

    1999-07-01

    During the last years, some countries have reorganized their oil and gas sector. The reforms included the opening of national basins to exploration by foreign companies, and the association of a national oil company with a foreign one. Argentina was the first country in Latin America to reform its sector. The major action was the privatisation of YPF, in 1993. Some years later Brazil also begun the process of reforming the national oil and gas sector. The first step was promulgating a new petroleum law. This law created an agency to regulate the national sector during and after the reforms. The Brazilian restructuring model is based on the foreign ones. This paper aims at discussing whether or not the weakness those foreign models could be avoided. The idea is to learn from those experiences and to propose a national reform lead by the Brazilian society instead. (author)

  1. Turbidity and oil removal from oilfield produced water, middle oil company by electrocoagulation technique

    Directory of Open Access Journals (Sweden)

    Mohammed Thamer

    2018-01-01

    Full Text Available Huge quantity of produced water is salty water trapped in the oil wells rock and brought up along with oil or gas during production. It usually contains hydrocarbons as oil and suspended solids or turbidity. Therefore the aim of this study is to treat produced water before being discharge to surface water or re injected in oil wells. In this paper experimental results were investigated on treating produced water (which is obtained from Middle Oil Company-Iraq, through electrocoagulation (EC. The performance of EC was investigated for reduction of turbidity and oil content up to allowable limit. Effect of different parameters were studied; (pH, current density, distance between two electrodes, and electrolysis time. The experimental runs carried out by an electrocoagulation unit was assembled and installed in the lab and the reactor was made of a material Perspex, with a capacity of approximately 2.5 liters and dimensions were 20 cm in length, 14 cm in width and 16 cm height. The electrodes employed were made of commercial materials. The anode was a perforated aluminum rectangular plate with a thickness of 1.72 mm, a height of 60 mm and length of 140 mm and the cathode was a mesh iron. The current was used in the unit with different densities to test the turbidity removing efficiency (0.0025, 0.00633, 0.01266 and 0.0253 A/cm2.The experiment showed that the best turbidity removing was (10, 9.7, 9.2, 18 NTU respectively. The distance between the electrodes of the unit was 3cm. The present turbidity removing was 92.33%. A slight improvement of turbidity removing was shown when the distance between the electrodes was changed from 0.5 to 3 cm with fixation of current density. The best turbidity removing was 93.5% , (7.79 NTU when the distance between the electrodes were 1 cm. The experimental results found that concentration of oil had decreased to (10.7, 11.2, 11.7, 12.3 mg/l when different current densities (0.00253, 0.00633, 0.01266, 0.0253 A/cm2

  2. Chemical characterization of a variety of cold-pressed gourmet oils available on the Brazilian market.

    Science.gov (United States)

    Cicero, Nicola; Albergamo, Ambrogina; Salvo, Andrea; Bua, Giuseppe Daniel; Bartolomeo, Giovanni; Mangano, Valentina; Rotondo, Archimede; Di Stefano, Vita; Di Bella, Giuseppa; Dugo, Giacomo

    2018-07-01

    Different specialty extra virgin oils, produced by cold-pressing fruits/nuts (olive, pequi, palm, avocado, coconut, macadamia and Brazil nut) and seeds (grapeseed and canola), and retailed in the Brazilian region of Minas Gerais, were chemically characterized. Specifically, for each type of oil, the fatty acid composition was elucidated by GC-FID, the contents of selected polyphenols and squalene were determined respectively by UHPLC-MS and UHPLC-PDA, whereas minerals were explored by means of ICP-MS. Olive oil was confirmed to have the highest MUFA content due to a valuable level of oleic acid, while oils from grapeseed, Brazil nut and canola were marked by nutritionally important PUFA levels. The highest SFA content found in coconut oil was mainly due to the high levels of lauric acid, known for its advantageous HDL-raising effects. As for polyphenols, gourmet oils from palm, coconut and canola showed higher levels of phenolic acids (e.g. p-hydroxybenzoic, ferulic, syringic, acids) than olive oil, which was though characterized by peculiar antioxidants, such as tyrosol and hydroxytyrosol. Also, olive oil had the highest amount of squalene, followed by the oil from Brazil nut. Finally, all the investigated oils had very low levels (order of μg/kg) of pro-oxidant elements, such as Cu, Fe and Mn. Overall, these findings may fill the gaps still present in literature on certain compositional aspects of commercially available gourmet oils. Copyright © 2018 Elsevier Ltd. All rights reserved.

  3. Influence of Brazilian vegetable oils on mechanical resistence of hair fiber

    Directory of Open Access Journals (Sweden)

    Maria Valéria Velasco

    2015-02-01

    Full Text Available Associating the global trend of incorporating active compounds and plants in cosmetic formulations and the vast Brazilian biodiversity, the present work aimed to study the incorporation of Brazilian vegetable oils in hair conditioner formulations, evaluating the mechanical resistance of hair fibers. The following oils were incorporated into base formulations at 5.0 % (w/w: babassu, buriti, andiroba and pequi. The formulations were applied to samples of Caucasian hair, followed by several washing steps, then the evaluation of mechanical strength. It was found that there was no statistically significant difference in mechanical resistance between samples treated with oils and the control between the first and seventh wash cycles. This fact can be explained by the possible low penetration of oils into the cortex, a region responsible for the mechanical properties of the hair fiber, since the grease composition disfavors its diffusion. The common effects of vegetable oils on the cuticle, such as filling in cracks or cavities, lubrication, and increased protein hydrophobicity cannot be excluded. The oils tested in this work were not able to raise or protect hair tresses. However, additional studies are required in order to establish the effects of oil treatments, particularly in damaged hair.

  4. Oil Palm Expansion in the Brazilian Amazon (2006-2014): Effects of the 2010 Sustainable Oil Palm Production Program

    Science.gov (United States)

    Benami, E.; Curran, L. M.

    2017-12-01

    Brazil has the world's largest suitable land area for oil palm (Elaeis guineensis) establishment, with estimates as high as 238 million ha. To promote oil palm development, Brazil launched the Sustainable Palm Oil Production Program (SPOPP) in 2010 and delineated 30 million ha for its growth that excluded forested areas and indigenous reserves. Here we examine oil palm expansion (2006-2014) as well as the SPOPP's effectiveness in Pará, the major oil palm producing state in Brazil. By combining analyses of satellite imagery, land registration data, and site based interviews, we found that oil palm area expanded 205%. Although >50% of oil palm parcels were located within 0.5 km of intact forests, lands. Direct intact forest conversion pre- and post-SPOPP declined from 4% to <1%; however, <1% of the 30 million ha promoted for oil palm was developed by 2014. To explore the major factors that may have constrained oil palm expansion under the SPOPP, we conducted microeconomic simulations of oil palm production, combined with interviews with actors/individuals from oil palm companies, civil society, researchers at universities and NGOs, and governmental agencies. Brazil's oil palm-deforestation dynamics, policies, and economic conditions will be discussed.

  5. Successful phytoremediation of crude-oil contaminated soil at an oil exploration and production company by plants-bacterial synergism.

    Science.gov (United States)

    Fatima, Kaneez; Imran, Asma; Amin, Imran; Khan, Qaiser M; Afzal, Muhammad

    2018-06-07

    Phytoremediation is a promising approach for the cleanup of soil contaminated with petroleum hydrocarbons. This study aimed to develop plant-bacterial synergism for the successful remediation of crude oil-contaminated soil. A consortia of three endophytic bacteria was augmented to two grasses, Leptochloa fusca and Brachiaria mutica, grown in oil-contaminated soil (46.8 g oil kg -1 soil) in the vicinity of an oil exploration and production company. Endophytes augmentation improved plant growth, crude oil degradation, and soil health. Maximum oil degradation (80%) was achieved with B. mutica plants augmented with the endophytes and it was significantly (P oil reduction indicates that catabolic gene expression is important for hydrocarbon mineralization. This investigation showed that the use of endophytes with appropriate plant is an effective strategy for the cleanup of oil-contaminated soil under field conditions.

  6. Challenges and technological opportunities for the oil refining industry: A Brazilian refinery case

    International Nuclear Information System (INIS)

    Castelo Branco, David A.; Gomes, Gabriel L.; Szklo, Alexandre S.

    2010-01-01

    The worldwide oil refining industry currently faces strong challenges related to uncertainties about future feedstock and characteristics of oil products. These challenges favor two main strategies for the sector: the first strategy is increasing refinery complexity and versatility; the second is integrating the refining and petrochemical industries, adding value to the crude oil while guaranteeing market share to premium oil products. Both strategies aim at increasing production of highly specified oil products, simultaneously reducing the environmental impacts of the refining industry. This paper analyses the case of a Brazilian refinery, Gabriel Passos Refinery (REGAP), by proposing additional investments to alter and/or expand its current production scheme. All the proposed options present relatively low investment rates of return. However, investments in a hydrocracking based configuration with a gasification unit providing hydrogen and power can further improve the operational profitability, due to reduced natural gas consumption.

  7. What kind of oil company do we need? Maturity and industrial structure on the Norwegian Shelf

    International Nuclear Information System (INIS)

    Noreng, Oeystein

    1998-01-01

    After many years with relatively high oil prices and moderately good oil discoveries, there is today an investment pressure on the Shelf. Many current development projects concern smaller discoveries made a long time ago. Thus the present rapid development depletes a capital of discoveries made at an early phase when the Norwegian Shelf was less mature. On this background, this presentation suggests that perhaps Norway, as a mature oil province, may not need the same kind of oil companies that dominated the petroleum activities during the development to maturity. It is experienced internationally that the various phases in the development of an oil province require different competence and thus different companies. Less oil has been found the last years than what has been produced. The command is now to find more oil. The question is how and by what company. Advantages and disadvantages are discussed for four categories of companies: (1) state companies, (2) large multinational, (3) independent, and (4) small newcomers. A section on maturing and the interest of the state as the property owner discusses the processes from large-scale operation to diversity, and maturing and the need for selective competence and low costs. Finally the paper discusses the negotiation policy of the state, political instruments and the company structure and reviews some experience from U.S.A. and UK. 1 table

  8. Dietary Brazilian red pepper essential oil on pork meat quality and lipid oxidation

    Directory of Open Access Journals (Sweden)

    Franz Dias Gois

    Full Text Available ABSTRACT: The purpose of this study was to evaluate the effects of feeding pigs with diets containing increasing levels of Brazilian red pepper essential oil ( Schinus terebinthifolius Raddi on the physical attributes, fatty acid profile and oxidative stability of precooked meat. Seventy-two weanling pigs (5.7±0.8kg were allotted in a completely randomized block design experiment with four treatments, six replicates per treatment, and three animals per experimental unit (pen. Animals were fed with a basal diet supplemented with 0, 500, 1,000, or 1,500mg kg-1 Brazilian red pepper essential oil during the 35-d experimental period. At the end of the experiment, one animal per experimental unit (16.4±2.2kg was slaughtered to sample Longissimus dorsi muscle for analysis. Dietary supplementation of Brazilian red pepper had no effect (P>0.05 on pork meat color, pH, cooking loss and shear force. Inclusion of essential oil in the diet provided a linear increase (P<0.05 of the saturated fatty acids content of L. dorsi, especially myristic (C14:0 and stearic (C18:0 fatty acids. Utilization of essential oil in pig diets reduced significantly the production of secondary lipid oxidation compounds measured as TBARS in raw pork meat (P<0.001 and immediately after cooking (P<0.001. However, during 8-d storage assay, the addition of essential oil in the diet did not protect pork meat lipids from oxidation. Therefore, Brazilian red pepper added to pig diets increased the saturated fatty acids content and reduced lipid oxidation in fresh meat and short-term heat treatment without affecting pork meat physical attributes.

  9. When Oil and Wind Turbine Companies Make Green Sense Together

    DEFF Research Database (Denmark)

    Backer, Lise

    strengthen their relationships with companies such as Vestas - that are born green. This is so, since companies that are born green have strong green ecocentric business beliefs that can function as important engines in shared green sense-making with companies that are not born green and have more hesitant...... green beliefs....

  10. Cost-benefit analysis of a socio-technical intervention in a Brazilian footwear company.

    Science.gov (United States)

    Guimarães, L B de M; Ribeiro, J L D; Renner, J S

    2012-09-01

    This article presents a costs-benefits analysis of a macroergonomic intervention in a Brazilian footwear company. Comparing results of a pilot line (composed by 100 multiskilled workers organized in teams) with eight traditional lines (still working in a one human being/one task model) the intervention showed to be worth pursuing since achieved gains were higher than intervention costs: there was a reduction in human resource costs (80% reduction in industrial accidents, 100% reduction in work-related musculoskeletal disorders or WMSD, medical consultations and turnover, and a 45.65% reduction in absenteeism) and production improvement (productivity increased in 3% and production waste decrease to less than 1%). The net intervention value of the intervention was around U$ 430,000 with a benefit-to-cost ratio of 7.2. Moreover, employees who worked in the pilot line understood that their quality of work life improved, compensating the anxiety brought up by the radical changes implemented. Copyright © 2012 Elsevier Ltd and The Ergonomics Society. All rights reserved.

  11. Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions

    Directory of Open Access Journals (Sweden)

    Clarice Secches Kogut

    Full Text Available Abstract Regarding the debate on which sort of management - professional or family administration - would more effectively run businesses, this paper discusses the advantages and shortcomings of family and professional management from a theoretical and a practitioner’s viewpoint. The study aims at contributing to our understanding about the superiority that either type of management might have delivering long-term performance and value creation to shareholders. Six investors from top value investment funds were interviewed regarding the management of seven fashion retail Brazilian companies. Data analysis revealed that investors do not prefer either type of management - family or professional - when they make investments. Instead, they do look for specific characteristics and patterns of behavior in a CEO, which resemble Selznick’s (1957 definition of an institutional leader. Finally, the paper suggests a new path of research for scholars (relating old institutionalism and professionalism and practical guidelines for each type of management (family or professional, offering, therefore, an academic as well as a practical contribution.

  12. Brazilian energy

    International Nuclear Information System (INIS)

    O'Shaughnessy, H.

    1997-04-01

    Brazilian Energy provides all the information necessary for energy companies to invest and operate in Brazil, including: a review of Brazil's natural resources; an assessment of privatisation strategies at the federal, state and regional level; an analysis of the electricity industry and the future for Electrobras; an analysis of the oil industry and, in particular, Petrobras; a discussion of the fuel alcohol industry; the discovery of local natural gas, its prospects and the involvement of the auto industry; an assessment of the problems facing the coal industry and its future; a discussion of the regulatory framework for the newly privatised companies; the importance of intra-regional energy links and the booming membership of Mercosur; the difficulties experienced by foreign investors doing business in Brazil; brief profiles of the key energy companies; profiles of key people influencing the privatisation process in Brazil. Brazilian energy is essential reading for those wishing to advise and assist Brazil in this period of change and development, as well as those who wish to invest or become key players in the Brazilian energy sector. (author)

  13. The new tariff model based on marginal costs developing concept for Brazilian electric sector. A case study for Power and Light Company of Sao Paulo State (Brazil)

    International Nuclear Information System (INIS)

    Correia, S.P.S.

    1991-01-01

    A new methodology for power generation cost accounts in Brazilian electric sector is described, with the application of marginal costs theory and its deviation in developing economies. A case report from a Brazilian Power and Light Company is studied, focalizing the seasoning, the planning, the tariff model and the power generation, transmission and distribution. (M.V.M.). 19 refs, 28 figs, 1 tab

  14. The lipidome, genotoxicity, hematotoxicity and antioxidant properties of andiroba oil from the Brazilian Amazon

    Directory of Open Access Journals (Sweden)

    Susana Suely Rodrigues Milhomem-Paixão

    2016-01-01

    Full Text Available Abstract Andirobeira is an Amazonian tree, the seeds of which produce a commercially valuable oil that is used in folk medicine and in the cosmetic industry. Andiroba oil contains components with anti-inflammatory, cicatrizing and insect-repellant actions. However, virtually nothing is known of the safety of this oil for humans. The aim of this work was therefore to investigate the hematotoxicity, genotoxicity and mutagenicity of andiroba oil using the comet and micronucleus assays, and to assess its antioxidant properties and lipidome as a means of addressing safety issues. For the experiments, andiroba oil was administered by gavage for 14 consecutive days in nulliparous female Swiss mice randomly distributed in four groups: negative control and three doses of oil (500, 1000 and 2000 mg/kg/day. These doses were chosen based on recommendations of the OECD guideline no. 474 (1997. GC/MS was used to investigate the free fatty acid, cholesterol and triterpene content of andiroba oil in a lipidomic analysis. No clinical or behavioral alterations were observed throughout the period of treatment, and exposure to andiroba oil at the doses and conditions used here did not result in hematotoxic, genotoxic or mutagenic effects. Tests in vitro showed that oil sample 3 from southwestern of Brazilian Amazon had a high antioxidant capacity that may protect biological systems from oxidative stress, although this activity remains to be demonstrated in vivo.

  15. Planning and administration of human resources in Brazilian Electric Power Companies; Planejamento e administracao de recursos humanos nas empresas brasileiras do setor de energia eletrica

    Energy Technology Data Exchange (ETDEWEB)

    Dias, Devanir Vieira

    1985-12-01

    Administration and planning of human resources in Brazilian Companies of Electric Power Sector analyzes the evolution of the concept of business planning. This work explore the specific literature of this theme, giving emphasis in predict methods and human resources development and planning models. Is also presented a case study, realized in 1979, which comprehended 84 % of Brazilian Energy Companies. This study aims to evaluate the results of an implementation of this planning and development models 64 refs., 12 figs., 22 tabs.

  16. Future role of the national oil companies in the world petroleum industry. [Of Arab states

    Energy Technology Data Exchange (ETDEWEB)

    Taher, A H

    1977-11-01

    The history and role of national (i.e., multinational companies owned by an oil-exporting or -producing country) oil companies are outlined as they relate to international political and economic events. The governments of oil-exporting countries saw national oil companies as a way to gain some control over prices and revenues and to participate in development and marketing decisions. National companies can be more responsive to government policies than multinational companies during times of shortages. They provide a business arm to the government, which is politically involved in supply negotiations with other governments. National companies are felt to have a more stable position in terms of supplies, although their supplies may not be any more abundant. Multinationals will need increasingly selective investment activities after 1980 as government regulation and intervention changes market conditions. National companies may want to turn the marketing of crude oil over to the multinationals, while cooperating with them in exploration projects and the transfer of alternative energy technology. (DCK)

  17. Sustainability Efforts of One Oil Company in Niger Delta of Nigeria

    Science.gov (United States)

    Anosike, Charles Afam

    Environmental degradation and socioeconomic dilemma continue to stigmatize oil production in the Niger Delta of Nigeria. Sustainability programs of oil companies often determine the improvement of living conditions in the region. This explanatory qualitative case study, guided by systems thinking theory and sustainable value framework, explored practitioners' perceptions of sustainability programs to identify its impact on business and the host communities. The research question was designed to address how sustainability efforts of a single oil company in the Niger Delta contributed to the business performance and the livelihood of the local people. Research data were gathered from a sample of 20 experienced sustainability practitioners of the oil company, partnering nonprofit organizations, and community leaders through face-to-face semistructured interviews. Data were segmented and categorized. The data analysis process revealed several themes regarding the challenges and shortfalls of sustainability programs in the region. The oil company's understanding of sustainability as programs and projects focused on preserving resources for future generations was not evident in practice. Findings from the study suggested the need for improved inclusiveness of people in driving sustainability projects. Inclusive sustainability should enhance the oil company's contemplation mechanism to ensure eco-saving thinking and processes, which could result in improved quality of life and business performance in the region. The research findings underscore the need for oil multinational corporations (MNCs) to use a business lens in viewing sustainability to achieve sustainable value.

  18. Dietary Brazilian red pepper essential oil on pork meat quality and lipid oxidation

    OpenAIRE

    Gois, Franz Dias; Sbardella, Maicon; Lima, Cristiane Bovi de; Migotto, Dannielle Leonardi; Cairo, Pedro Leon Gomes; Garbossa, Cesar Augusto Pospissil; Racanicci, Aline Mondini Calil; Costa, Leandro Batista

    2016-01-01

    ABSTRACT: The purpose of this study was to evaluate the effects of feeding pigs with diets containing increasing levels of Brazilian red pepper essential oil ( Schinus terebinthifolius Raddi) on the physical attributes, fatty acid profile and oxidative stability of precooked meat. Seventy-two weanling pigs (5.7±0.8kg) were allotted in a completely randomized block design experiment with four treatments, six replicates per treatment, and three animals per experimental unit (pen). Animals were ...

  19. The adaptation of the financial structures of national companies in oil producing countries

    International Nuclear Information System (INIS)

    Helder, P.

    1994-01-01

    The economic environment of the oil industry in the nineties contains a number of uncertainties concerning demand evolution and the persistence of low prices. National companies cannot expect high margins for financing their development. To avoid an increased debt burden these companies are looking for organizational flexibility. Their strategies imply cost cutting and a modernization of their management criteria. (Author). 19 refs., 6 tabs

  20. The use of Brazilian vegetable oils in nanoemulsions: an update on preparation and biological applications

    Directory of Open Access Journals (Sweden)

    Lisiane Bajerski

    Full Text Available ABSTRACT Vegetable oils present important pharmacological properties, which gained ground in the pharmaceutical field. Its encapsulation in nanoemulsions is considered a promising strategy to facilitate the applicability of these natural compounds and to potentiate the actions. These formulations offer several advantages for topical and systemic delivery of cosmetic and pharmaceutical agents including controlled droplet size, protection of the vegetable oil to photo, thermal and volatilization instability and ability to dissolve and stabilize lipophilic drugs. For these reasons, the aim of this review is to report on some characteristics, preparation methods, applications and especially analyze recent research available in the literature concerning the use of vegetable oils with therapeutic characteristics as lipid core in nanoemulsions, specially from Brazilian flora, such as babassu (Orbignya oleifera, aroeira (Schinus molle L., andiroba (Carapa guaianiensis, casca-de-anta (Drimys brasiliensis Miers, sucupira (Pterodon emarginatus Vogel and carqueja doce (Stenachaenium megapotamicum oils.

  1. 'Building on our own abilities' : Suriname's State Oil Company as a development agent

    NARCIS (Netherlands)

    W. Hout (Wil)

    2007-01-01

    textabstractThis paper analyses the conditions under which the Surinamese State Oil Company (Staatsolie) has been consolidated, not only as a firm oriented at the production of oil, but also as a development agent. Staatsolis chances to success seemed rather slim at its creation in the beginning of

  2. 'Confidence in our own Abilities': Suriname’s State Oil Company as a Pocket of Effectiveness

    NARCIS (Netherlands)

    W. Hout (Wil)

    2014-01-01

    markdownabstract__Abstract__ This chapter analyses the conditions under which the Surinamese State Oil Company (Staatsolie) has been consolidated, not only as a firm oriented at the production of oil, but also as a development agent. Staatsolie’s chances to success seemed rather slim at its

  3. Brazilian sugarcane ethanol as an expandable green alternative to crude oil use

    Science.gov (United States)

    Jaiswal, Deepak; de Souza, Amanda P.; Larsen, Søren; Lebauer, David S.; Miguez, Fernando E.; Sparovek, Gerd; Bollero, Germán; Buckeridge, Marcos S.; Long, Stephen P.

    2017-11-01

    Reduction of CO2 emissions will require a transition from fossil fuels to alternative energy sources. Expansion of Brazilian sugarcane ethanol provides one near-term scalable solution to reduce CO2 emissions from the global transport sector. In contrast to corn ethanol, the Brazilian sugarcane ethanol system may offset 86% of CO2 emissions compared to oil use, and emissions resulting from land-use change to sugarcane are paid back in just 2-8 years. But, it has been uncertain how much further expansion is possible given increasing demand for food and animal feed, climate change impacts and protection of natural ecosystems. We show that Brazilian sugarcane ethanol can provide the equivalent of 3.63-12.77 Mb d-1 of crude oil by 2045 under projected climate change while protecting forests under conservation and accounting for future land demand for food and animal feed production. The corresponding range of CO2 offsets is 0.55-2.0 Gigatons yr-1. This would displace 3.8-13.7% of crude oil consumption and 1.5-5.6% of net CO2 emission globally relative to data for 2014.

  4. A spatial price equilibrium model in the oligopolistic market for oil derivatives: an application to the brazilian scenario

    Directory of Open Access Journals (Sweden)

    Fabiano Mezadre Pompermayer

    2007-01-01

    Full Text Available This paper presents a spatial price equilibrium model in an oligopoly market for refined oil products. Till 1997 the Brazilian oil market was characterized by the state monopoly of Petrobras, which up to 2001 remained the only firm authorized to import oil derivatives. With several agents operating in the primary oil supply market, the government stopped fixing the prices for Petrobras, which started to determine the prices based on competition with other players. In this new scenario some questions arise regarding the price levels at which refined products will be supplied in different regions across Brazil as well as the capacity of national refineries to compete with imported products. To answer those and other questions, a new oligopoly spatial equilibrium model is herein proposed, taking into account the special characteristics of production of refined oil products. An iterative Gauss-Seidel-like algorithm with sequential adjustments was developed and applied to Brazilian market data. The model, the algorithm and its application are described in this work. Such a model may be used both by regulatory authorities and by companies in the sector.Este artigo apresenta um modelo de equilíbrio espacial de preços em um mercado oligopolizado de derivados de petróleo. Até o ano de 1997, o mercado brasileiro era caracterizado pelo monopólio estatal da Petrobrás, a qual permaneceu, até 2001, como a única empresa autorizada a importar derivados de petróleo. Com vários agentes operando no mercado, o governo deixou de fixar os preços para a Petrobrás, que passou a determinar os preços baseada na competição com outros agentes. Neste cenário, surgem algumas questões relativas aos níveis de preços a serem oferecidos no mercado e relativas à capacidade das refinarias nacionais de competir com produtos importados. Para responder a estas e outras questões, um novo modelo de equilíbrio espacial de preços para um mercado oligopolizado foi

  5. Oil bioremediation processes in Brazilian marine environments : laboratory simulations

    International Nuclear Information System (INIS)

    Souza, E.S.; Triguis, J.A.

    2003-01-01

    Bioremediation methods have been used in Brazil to remediate contaminated soils from refinery residues. In particular, bioremediation is a process that can reduce the amount of oil that reaches shorelines, by enhancing natural biodegradation. This presentation presents the results of a laboratory study in which seawater contaminated with light crude oil was bioremediated in a period of 28 days using NPK fertilizer. Whole oil gas chromatography and gas chromatography-mass spectrometry analyses of the hydrocarbon fractions were used to determine the extent of oil biodegradation. It was determined that natural degradation occurred in the first 4 days, and mostly through the evaporation of light end n-alkanes. Biodegradation of n-alkanes was found to be most effective after 7 days, and no changes were observed in the relative abundance of steranes and triterpanes. It appears that the addition of NPK nutrient reduces the biodegradation potential of polyaromatic compounds. Seawater samples were also measured to determine the efficiency of bioremediation. The use of NPK fertilizer resulted in higher toxicity after 14 days probably due to the creation of metabolites as polyaromatic compounds biodegrade. Non toxic levels were found to be reestablished after 28 days of bioremediation. 16 refs., 4 tabs., 6 figs

  6. How important are national companies for oil and gas sector performance? Lessons from the Bolivia and Brazil case studies

    International Nuclear Information System (INIS)

    Paz Antolín, María José; Ramírez Cendrero, Juan Manuel

    2013-01-01

    Control of natural resources, especially oil and gas, has been a major issue in the consideration of underdevelopment. In the present commodity boom, some Latin American economies are reforming their resource exploitation regimes, especially those issues linked with foreign capital share. The purpose of this report is to analyze these changes in the Bolivian and Brazilian oil and gas sectors in order to answer such questions as: Which property system combining public and private capital is the most suitable? Which regulating framework can guarantee a sustainable increase in output and investment? Our analyses lead to the conclusion that the regulatory framework can establish a particular ownership structure that is considered favorable for improving the performance of oil and gas sector, but the internal dynamics and the historical trajectories of enterprises will also be determining factors that interact with the given regulatory framework, generating mixed results. - highlights: • We analyze the influence of the regulatory framework in the growth of production. • We analyze the influence of the regulatory framework in investment dynamics. • We compare the regulatory frameworks for Brazil and Bolivia. • We compare the importance of public and private companies in hydrocarbons in Brazil and Bolivia

  7. Are we aiming for a liquidation scenario. The oil companies in Norway, a financial survey

    International Nuclear Information System (INIS)

    Frognes, G.

    1994-01-01

    The article gives a financial survey of the Norwegian oil companies development. The survey is based on the documentation of statistics for the period from 1985 to 1992. This means that the time series will include one of the record years of the Norwegian oil industry, 1985, and the subsequent 1986 oil price collapse. Topics cover: The profit and loss account; sources of funds; the balance sheet; return on capital. 3 figs., 1 tab

  8. A big oil company's approach to significantly reduce fatal incidents

    NARCIS (Netherlands)

    Peuscher, W.; Groeneweg, J.

    2012-01-01

    Within the Shell Group of companies (Shell), keeping people safe at work is a deeply held value and the company actively pursues the goal of no harm to people. Shell actively works to build a culture where every employee and contractor takes responsibility for making this goal possible - it is

  9. An analysis of the of international oil companies' strategy between 1999 and 2004

    International Nuclear Information System (INIS)

    Hache, E.

    2006-07-01

    Using data from the annual reports of eight major international oil companies (Exxon Mobil, BP, Shell, Total, Chevron Texaco, Conoco Phillips, ENI and Repsol), this study first proposes an analysis of this set of companies considered as a whole with respect to pertinent indicators (sales figure, geographical origin of this sales figure, share of gas and electricity distribution, staff, productivity, profitability, and so on) on the 1999-2004 period. Then, the author proposes analyses for each company, considering its own activities (oil and gas production, refineries, etc.) and also with respect to the others

  10. Panorama 2017 - Which strategies for Chinese national companies on the oil markets?

    International Nuclear Information System (INIS)

    Hache, Emmanuel

    2016-11-01

    Buoyed by the 'Go Global' policy launched in the early 2000's and with the support of domestic financial institutions - banks and sovereign wealth funds -, Chinese national companies (NOC) have invested in most hydrocarbon-rich geographic regions and in numerous foreign companies within the sector. Five key objectives have emerged: increase oil and gas reserves, diversify suppliers, purchase specific assets (technologies, human capital), integrate the oil and gas value chain and pursue their own globalization. Chinese NOCs are now competing with international companies (IOC) in the marketplace

  11. Value Relevance vis-à-vis Disclosure on Business Combinations and Goodwill Recognized by Publicly Traded Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Maíra Melo de Souza

    Full Text Available Abstract The objective of this study is to examine the value relevance of the level of disclosure on business combinations and goodwill recognized by publicly traded Brazilian companies. The research sample is composed of publicly traded Brazilian companies that carried out any type of business combination, as the acquiring entity, between 2010 and 2013, yielding a total sample of 202 observations. To measure the disclosure level of each, a metric was created based on CPC-15 R1 (2011 to examine certain disclosure items in order to render a greater level of detail. Data collection was carried out using the footnotes to the annual consolidated standardized financial statements (DFPs available from the São Paulo Stock Exchange (BM&FBOVESPA website. The results revealed that disclosure levels for business combinations are positively and significantly associated with the stock price of the companies analyzed. As to the recognition of goodwill during business combinations, despite the fact that it represents a significant share of the value of the transactions, no statistical significance explaining stock price behavior was found. It also bears mentioning that the average level of disclosure identified in the explanatory notes in the sample was very low, indicating that companies need to improve when it comes to transparency of information.

  12. The fixing of prices by the oil companies during the Gulf war

    International Nuclear Information System (INIS)

    1991-01-01

    Developments in the global oil market and changes in the structure of the Danish market during the nineteen eighties are described. Price notation on world market spot markets had a significant influence on the fixing of prices in the consumer countries. The influence of the OPEC lands has been reduced. One must note the over-capacity which followed the two oil crises. On the Danish market many of the larger international companies have withdrawn from the scene. Reduction in the number of independent Danish oil companies continues. These factors have led to increased market concentration. Denmark's recovery of oil covers 70% of domestic consumption. It is evaluated whether oil companies have taken advantage of the Gulf War for monetary gain and whether they have changed their buying practices in order to take advantage of holding less stock. It was found that companies are very quick to follow Rotterdam prices (three days) and that more price reductions are given than before the Gulf War. Danish prices are quick to follow the rises and falls in the European market and did not differ much from the European ones during 1990. Only raw oil producers seem to have gained economically from the Gulf War, but this is not judged as speculation. Refinery and import companies have acted in a similar way to each other and have not seemed to decease their stock after the Gulf War in order to buy at a lower price. (AB)

  13. What oil companies will be the most competitive in the next century?

    International Nuclear Information System (INIS)

    Littlejohn, W.W.

    1993-01-01

    Turning oil into profit is the engine that propels the industry forward. Today, that engine is sputtering, threatened by a longtime friend and adversary, the federal government. As the authors approach the 21st century, most industry analysts expect the trend in the US toward ever more stringent regulation of oil drilling, transportation, and refining to continue. What kind of oil company can profit on that playing field? Will the 21st century favor international producers with upstream and downstream operations scattered across the globe? Or will it reward companies that focus on the American market and its myriad rules and regulations? A close look at two American-based companies offers some perspective. Exxon is a world-wide producer, refiner and seller of petroleum products and Arco, a California-based company that was among the first to view government intervention as an opportunity to gain competitive advantage

  14. What will working for an oil and gas company be like in the year 2000?

    International Nuclear Information System (INIS)

    Fuller, H.L.; Sullivan, J.; Davidson, G.A. Jr.; Beghini, V.G.; Mitchell, G.P.; Noto, L.A.; Keiser, R.; Allen, W.

    1994-01-01

    In a period of change and uncertainty, the question has no guaranteed answer. But to people who work in the oil and gas industry, and to those who might do so someday, it is crucial. Oil and Gas Journal posed the question to top executives in a sample of oil and gas companies. Their answers, in alphabetical order by company name, make up the first part of this special report. Executives comment in the following sections: Free trade promises era of prosperity; Future will be more than extension of trends now shaping the industry; Cooperation essential in era of rising competitive pressure; Technology central to success in new world of opportunity; Crude price the biggest wildcard in the US oil industry's future; Work force diversity a key part of an increasingly global business; Looking back from the future--The seamless energy company; and Gains seen in safety, rewards, satisfaction

  15. The relevance of the capital structure in firm performance: a multivariate analysis of Brazilian publicly traded companies

    Directory of Open Access Journals (Sweden)

    Luiz Kennedy Cruz Machado

    2016-01-01

    Full Text Available The economic changes in recent years have made the dynamics of the Brazilian market more complex, which directly impacts the administration of large organizations, particularly in management tasks, such as decisions concerning the definition of the capital structure. The literature in this theoretical field is polarized in two seminal works: the first, by Durand (1952, 1959, discusses the existence of an optimal capital structure that maximizes the value of the firm; and, at the other end, the work by Modigliani and Miller (1958, 1963 considers that it is irrelevant how firms are financed. In this sense, the objective was to verify the effective interference of the capital structure in the performance of Brazilian firms listed on BM&FBOVESPA. The sample consisted of cross-sectional data that were selected from the most recent balance sheets of all companies listed on BM&FBOVESPA, available in the Economática® database. The techniques used were the analysis of variance (ANOVA and discriminant analysis. Among the indicators used, it was observed that only general liquidity, the degree of immobilization, Tobin’s Q, and the opportunity for growth were significant at 1%. The results indicate that the capital structure is not directly related to the performance of Brazilian companies listed on BM&FBOVESPA. In the meantime, the results point to the consolidation of the financial theories expounded by Modigliani and Miller (1958, 1963, as opposed to the traditionalist current started in Durand’s studies (1952.

  16. Antibacterial activity, chemical composition, and cytotoxicity of leaf's essential oil from Brazilian pepper tree (Schinus terebinthifolius, Raddi)

    OpenAIRE

    Silva, A.B.; Silva, T.; Franco, E.S.; Rabelo, S.A.; Lima, E.R.; Mota, R.A.; Câmara, C.A.G. da; Pontes-Filho, N.T.; Lima-Filho, J.V.

    2010-01-01

    The antibacterial potential of leaf's essential oil (EO) from Brazilian pepper tree (Schinus terebinthifolius Raddi) against staphylococcal isolates from dogs with otitis externa was evaluated. The minimum inhibitory concentration of EO ranged from 78.1 to 1,250 fg/mL. The oil was analyzed by GC and GC/MS and cytotoxicity tests were carried out with laboratory animals.

  17. Antibacterial activity, chemical composition, and cytotoxicity of leaf's essential oil from brazilian pepper tree (schinus terebinthifolius, raddi).

    Science.gov (United States)

    Silva, A B; Silva, T; Franco, E S; Rabelo, S A; Lima, E R; Mota, R A; da Câmara, C A G; Pontes-Filho, N T; Lima-Filho, J V

    2010-01-01

    The antibacterial potential of leaf's essential oil (EO) from Brazilian pepper tree (Schinus terebinthifolius Raddi) against staphylococcal isolates from dogs with otitis externa was evaluated. The minimum inhibitory concentration of EO ranged from 78.1 to 1,250 μg/mL. The oil was analyzed by GC and GC/MS and cytotoxicity tests were carried out with laboratory animals.

  18. Oil Companies and Reserves | Compagnies et réserves pétrolières

    Directory of Open Access Journals (Sweden)

    2012-05-01

    Full Text Available Top 20 World Oil CorporationsTop 20 des compagnies pétrolières mondialesSources: OPEC, Annual Statistical Bulletin, 2009; 2009 official reports of oil companies; British Petroleum, BP Statistical Review of Word Energy, 2010.Crude Oil Exports per Area (in Million Tonnes, 2009Exportations de pétrole brut par région (en millions de tonnes, 2009Sources : www.iea.org; www.opec.org; www.gecforum.org; British Petroleum, BP Statistical Review of World Energy, 2010.China’s Crude Oil Imports from Afr...

  19. Brazilian clay organophilization aiming its use in oil / water removal

    International Nuclear Information System (INIS)

    Mota, M.F.; Lima, W.S.; Oliveira, G.C.; Silva, M.M.; Rodrigues, M.G.F.

    2012-01-01

    Clays when subjected to modification with the addition of organic surfactant are called organoclays acquire hydrophobic character, they have an affinity for organic compounds. The organoclays can be used as adsorbents are considered promising agents in environmental control. The objective is to prepare organoclays clays from commercial use in order to remove organic contaminants. The clay used was gray, as polycationic, supplied by Süd-Chemie company and the quaternary ammonium salt was cetyltrimethylammonium bromide (Cetremide). The fresh samples and organoclay were characterized by the technique of X-ray diffraction (XRD), Cation Exchange Capacity, testing expansion and affinity with organic compounds: Swelling of Foster and adsorption capacity. The results showed appropriate conditions organophilic process. Through XRD confirmed the increase in basal spacing for the modified clay in relation to the clay in nature. (author)

  20. The environmental challenges facing a Chinese oil company in Chad

    International Nuclear Information System (INIS)

    Van Vliet, Geert; Magrin, Geraud; Dittgen, Romain; Tavares, Marie-Adeline; Doudjidingao, Antoine; Maoundonodji, Gilbert; Liang, Guohuang; Wang, Fan; Yang, Weiyong; Lin, Yiran

    2012-11-01

    This book analyses the factors that influence environmental management in the CNPC when operating outside of China, in the outer margins of the world oil system, specifically in Chad, a Least Developed Country. Within a sector marked by the regulations inherited from the Exxon project in Doba (implemented since 2000 with initial World Bank support), the 2007 CNPC Ronier project aims at refining part of the extracted oil and exporting the remainder, most probably through the pipeline built under the Exxon Doba project. The question of the compatibility between the systems of reference and practices in both firms thus arises. Through the prism of social and environmental responsibility, this text analyses the challenges in the interaction between Chinese oil firms, host countries and OCDE-based firms. (authors)

  1. The Influence of Environmental Disclosure on Capital Structure of Brazilian Companies listed on the BM&FBovespa

    Directory of Open Access Journals (Sweden)

    Sheila Mendes Fernandes

    2012-12-01

    Full Text Available The objective of this study to verify the relationship between environmental disclosure and the capital structure of companies classified according to Law 10165 which provides for the National Environmental Policy for the period 2006 to 2010. To meet the proposed objectives were used as proxies for capital structure debt to verify the cost of debt and to verify the CAPM cost of equity. To measure the level of environmental disclosure content analysis was carried out in the notes, the management report and the report of the environmental information contained in the report of the Annual Information (IAN. We analyzed 89 companies with 95,020 sentences, and 5279 relating to environmental events, such 4819 relating to environmental information regarding positive and 460 negative environmental information. To investigate the relationship between these variables was used in the analysis panel with random effects adjusted by robust tool. The findings of this study demonstrate that environmental disclosure does not affect the cost of debt, ie, in the Brazilian market, the environmental information whether positive or negative does not drive the market to influence positively / negatively the cost of debt. However, the results showed that the positive environmental disclosure adversely affects the cost of equity demonstrating that "good environmental image of the company" leverage the company's credibility this crucial factor in reducing the risk of the company since the engagement with sustainability and generate savings for the effective and efficient use of resources eliminates and / or reduces the incidence of government regulations.

  2. Role of oil service companies in developing human resources worldwide to implement new technology

    Energy Technology Data Exchange (ETDEWEB)

    Baird, D.E.; Bismuth, B.

    1983-01-01

    The role of specialized oil service companies in helping the oil industry develop the hydrocarbon resources of the world efficiently has increased over the last 20 yr. This trend is expected to continue as the complexity and variety of the techniques required increased. In order to provide a large range of services worldwide, the oil service industry has to be highly flexible and mobile. At the same time, successful implementation of these services requires a knowledge of and empathy with local conditions and cultures. The challenge will be to attract, train, and develop technical people from all corners of the globe to become part of the process of developing and implementing new technology. The involvement of the developing nations in the technical evolution of the oil service companies is perhaps the only long-lasting method of transferring these technologies.

  3. Appearing like a state: Oil companies and local violence in the Niger Delta

    Science.gov (United States)

    Mattner, Mark

    What determines the extent to which communities in the Niger Delta experience violence? The dissertation addresses this question by focusing on the role of multinational oil companies in local governance, where state institutions are weak. The available literature often overlooks this important dimension. Specifically, the dissertation evaluates whether the choice of community relation policies by oil companies accounts for variations in local violence. These policies often include community development projects and attempts at strengthening local institutions. The main hypothesis is that where projects are allocated and implemented through participatory processes, informal institutions are created which substitute for weak local governments and reduce violence. The dissertation tests this contention by comparing four cases which were selected according to differences in their levels of violence. It concludes that the hypothesis is valid only in highly specific circumstances. In most cases, levels of repression and the relationship between companies and local elites are more significant explanations for violence. This is because oil companies and the state continue to rely primarily on repression and co-optation in their relationship with local communities. Community development and corporate social responsibility are secondary concerns. The central implication of this analysis is that a solution to the crisis in the Niger Delta is unlikely to lie in self-regulation and non-binding commitments by corporate actors. More promising approaches are strengthening local governments by ensuring the integrity of local elections and more stringent regulation of oil company conduct.

  4. Quality of environmental disclosure by multi-national oil companies: a corporate governance perspective

    OpenAIRE

    Babatunde, A.

    2005-01-01

    Over the past few years, concern about the issue of environmental sustainability\\ud has increased considerably. Closely linked to this concern is the growing disquiet\\ud over the increasing pervasiveness of multi-national companies, especially oil\\ud companies, in shaping global politics and economics. Consequently, increased\\ud awareness about the environment has led to calls for better management of global\\ud resources and for ways in which to make the corporations that benefit the most\\ud ...

  5. Restructuring of oil and gas companies in financial difficulty: the Canadian experience

    International Nuclear Information System (INIS)

    Hudec, A.J.

    1992-01-01

    The relationship, under Canadian law, between oil or gas company in financial difficulty and its various creditors is discussed. In particular, commercial bank lenders and non-defaulting co-venturers in the project are considered. The broad topics covered are: the financing of multi-party resource projects; recent developments in conventional oil and gas production loan facilities; alternative and new approaches to energy loan restructuring; minimizing the lender's environmental risk in realizing against an energy project. (UK)

  6. Alliances and partnering: A new relationship between oil/gas producing companies and service companies

    International Nuclear Information System (INIS)

    Gazi, N.H.; Hottman, W.E.; Logan, J.L.; Verrett, R.C.

    1995-01-01

    The current state of the energy industry finds both operating and service companies squeezed by lower prices and higher costs. Investment in exploration, equipment, and technology has been severely restricted. Many operators are responding to these harsh market conditions by re-engineering their work processes and focusing on core business activities. Re-engineered work processes encourage operators and service companies to work closely together. This motivates both to eliminate duplication, simplify processes, increase efficiency and capitalize on combined expertise to enhance production and optimize total system cost. Alliances and partnering are based on mutual trust and the commitment to add value to both organizations. Aligning interests is fundamental in establishing a lasting and mutually beneficial relationship. This paper presents an overview of these new relationships. The benefits and concerns of changing from traditional bidding agreements to new business arrangements between producing companies and service companies is discussed. Evaluation criteria for potential candidates, how to structure an alliance or partnering agreement, and a discussion of the key issues in the application of incentive contracts is presented

  7. Predictive Power and Value Relevance of Comprehensive Income Statement: an analysis of Brazilian companies listed on the BM&FBovespa

    Directory of Open Access Journals (Sweden)

    Marcello Angotti

    2016-09-01

    Full Text Available The study aimed to analyze if the information about comprehensive income (CI and its individual components have predictive power to determine the Operating Cash Flow of the subsequent period (OCFt+1 at the Brazilian capital market companies. The research methodology has used financial data collected from Economatica® and CVM databases. The sample selection was performed considering the availability of variables: OCFt+1 and share prices. The period analyzed comprehended the years 2012-2014. It were used quantitative valuation techniques, establishing two moments of study: the first moment by testing the hypothesis that CI has greater predictive power than Net Income (NI for forecasting OCFt+1 (528 firms/years; and the second moment by testing the hypothesis that CI and its components have a value relevance at the Brazilian capital market (605 firms/years. The results suggest that the analysis of the consolidated CI individually would not be incremental for forecasting OCFt+1. However, an increase was observed in the predictive capacity for OCFt+1, with the inclusion of Other Comprehensive Income (OCI. Could not be verified, with aggregate disruption of the individual items of OCI, incremental capacity to determine the OCFt+1. It was observed that the Equity and NI have value relevance, but that is not confirmed to consolidated CI. Added to that, only the cash flow hedge was significant to explain the market value of the company, indicating there is informational benefit to stakeholders that employ the CI in their analysis.

  8. Downstream natural gas in Europe - high hopes dashed for upstream oil and gas companies

    International Nuclear Information System (INIS)

    Eikeland, P.O.

    2007-01-01

    Access for independents to retail gas markets was a central concern in European policy reform efforts in the 1990s. Upstream oil and gas companies reacted with strategic intentions of forward integration. By late 2004, forward integration was still weak, however. An important explanation of the gap between announced strategic re-orientation and actual strategy implementation lies in the political failure of EU member states to dismantle market barriers to entry for independents. Variations between companies in downstream strategy implementation are explained by variations in business opportunities and internal company factors. [Author

  9. Downstream natural gas in Europe-High hopes dashed for upstream oil and gas companies

    International Nuclear Information System (INIS)

    Eikeland, Per Ove

    2007-01-01

    Access for independents to retail gas markets was a central concern in European policy reform efforts in the 1990s. Upstream oil and gas companies reacted with strategic intentions of forward integration. By late 2004, forward integration was still weak, however. An important explanation of the gap between announced strategic re-orientation and actual strategy implementation lies in the political failure of EU member states to dismantle market barriers to entry for independents. Variations between companies in downstream strategy implementation are explained by variations in business opportunities and internal company factors

  10. The new role of national oil companies - NOCs in international energy markets: a study case of BRICS; O novo papel das national oil companies - NOCs nos mercados internacionais de energia: um estudo de caso das BRICS

    Energy Technology Data Exchange (ETDEWEB)

    Simas, Marcelo Marinho [Petroleo Brasileiro S.A. (PETROBRAS), Rio de Janeiro, RJ (Brazil)

    2012-07-01

    remarkable change is observed in the environment of the oil and gas industry from the beginning of this decade in view of several factors: raise of technical ability and investments in R and D by the National Oil Companies (NOCs); rising tendency of oil price - result of economical expansion of China and India - despite momentary falls; nationalization of oil and gas reserves in several countries and technological transfer from oil companies to services companies. Herewith a high degree of reserves concentration of oil and gas production was acquired toward a few companies and countries. According the PFC Energy, in 2009 NOCs held 77% of world reserves of oil and 51% of gas against 7% and 9% respectively of the International Oil Companies (IOCs), with impact on oil geopolitics and energy market. Contrarily, IOCs are also redefining their role in this 'chess game' of oil geopolitics due above all to the direction of exploitation programs for deep waters in the few remained areas, to the high investments in R and D to raise the recovery factor of the mature fields and to rendering specialized services to the NOCs. The objective of this research is to consider the new strategies of the NOCs, their influences in the economic and energetic policies of the home countries of the companies as well as the IOCS, their influences in the concentration of the reserves and production, integration with the productive chain and participation in several sectors of industry. (author)

  11. Independents in European Gas Markets after liberalisation - downstream integration of upstream oil and gas companies

    International Nuclear Information System (INIS)

    Eikeland, Per Ove

    2005-01-01

    A central objective of gas market liberalisation in Europe in the 1990s was to increase competition by opening end-use markets for independent suppliers. Upstream oil and gas companies in Europe reacted to this opportunity by announcing strategies to integrate forward in European gas markets. By late 2004, however, upstream companies still recorded generally weak downstream strategy implementation in Europe. The article concludes that this general implementation gap should be explained by political failure in EU member states to abolish gas market barriers to entry for independents. Variation between companies in degree of implementation should be explained by variation in conditions in the companies' home markets / wider business spheres and internal company factors. (Author)

  12. The role of reserves and production in the market capitalization of oil and gas companies

    International Nuclear Information System (INIS)

    Ewing, Bradley T.; Thompson, Mark A.

    2016-01-01

    We examine the role proved reserves and production play in the market capitalization of publicly traded oil and gas companies engaged in the exploration and production of hydrocarbons. The paper provides two important contributions to the literature. First, we extend the existing research by utilizing the method of Robust Least Squares to estimate a multivariate market capitalization model that controls for firm type. Second, we document the impacts that oil and gas reserves to production ratios have on market capitalization. This is a key finding in the context of discounted net cash flow models and the findings suggest there is an optimal tradeoff between current and future production, given current volumes of reserves, the latter of which is valued positively by the market. Moreover, this optimal tradeoff or the optimal profit-maximizing intertemporal production choice is unique to the type of hydrocarbon being considered. Additionally, our findings highlight the importance of capital structure in the heavily capital intensive oil and gas industry. The results from this research should benefit both oil and gas companies and investors. Specifically, the results provide new and robust information as to the empirical relationships between key determinants of oil and gas company market valuations. - Highlights: • We utilized Robust Least Squares to estimate a multivariate market capitalization model. • There is a differential impact that oil and gas reserves to production ratios have on market capitalization. • The optimal profit-maximizing intertemporal production choice is unique to the type of hydrocarbon being considered. • Results provide new information as to the relationships between key determinants of oil and gas company market valuations.

  13. The Utilization Of Resources And Regulation Along With Companys Strategies In Managing Oil And Natural Gas Industry In Indonesia

    Directory of Open Access Journals (Sweden)

    Sigit Rahardjo

    2015-08-01

    Full Text Available Oil and gas production in Indonesia has been declined since 1995 up to now the effort to increase the production has been done but it does not result yet. In contrast day by day the investment is getting increased and huge on the other hands it becomes a problem and a challenge for Indonesia to meet oil needs as raw material for refined fuel oil either for transportation or industries. Day by day the needs of refined fuel oil is getting increased and huge as it is correlated to the increasing of the number of motorcycles either two-wheeled or four-wheeled as well as the increasing of oil and gas or non-oil and gas industries. Oil and natural industry Resource Base has specific characteristics those are internal factor that uses resource such as high technology huge investment cost as well as competent human resources. Besides the external factor those are good regulations either in the central and regional levels as well as the sector which is very important toward the production performance and the of company managements strategies to manage this industry. This paper attempts to figure out the impact of internal factor in the form of resources and external factor in the form of regulation as well as the effect of production performance toward petroleum companies of upstream sectors in Indonesia and managements role especially petroleum industrialists in managing the company. The wane of oil production and the increasing of refined fuel oil need in Indonesia as well as the increasing of oil production cost then it will affect the industrialists strategies in managing the companies. The resources consist of human resource oil reserve as well as petroleum technologies. While regulation consists of law central and regional government regulations and rules in oil and gas sector. Whereas the companys strategies are explained by production volume and selling volume of oil. Companys performance which sets to work in upstream sector is influenced by

  14. Valuation of oil companies - Implications for corporate behaviour; Verdsetting av internasjonale olje- og gasselskaper - implikasjoner for selskapsatferd

    Energy Technology Data Exchange (ETDEWEB)

    Osmundsen, Petter

    2002-06-01

    The report discusses control signals given by the stock market to listed companies and relates this to agency theory. Oil companies are used as a case. The market responds to financial signals from the companies. The market response on various financial indicators represents an implicit incentive scheme for the companies. This is described and the adaptation of the companies is discussed. In addition, the report deals with the significance of a threat of acquisition, and private vs. public ownership.

  15. Cultural challenges to Chinese oil companies in Africa and their strategies

    Energy Technology Data Exchange (ETDEWEB)

    Feng, George; Mu, Xianzhong [Institute of Recycling Economy, Beijing University of Technology, Beijing 100124 (China)

    2010-11-15

    This paper investigates the cultural challenges faced by Chinese oil companies in Africa with the linguistic method and raises five corresponding suggestions in the end. First, the languages and culture of both African countries and China were studied, and the differences between them were uncovered. Second, the effects of colonization on African languages and culture were studied in a historically comparative way; the African tradition and modern culture were considered jointly. Third, the acknowledgement that African people give to Chinese culture was studied; the future development of Chinese cultural influence in Africa was anticipated. Based on all these studies, the cultural challenges to overseas investment management of Chinese oil companies in Africa were summarized into five aspects, i.e., the challenge in communication, working habit, religion, orientation and coexistence. Considering the lessons that some of the western oil companies have learnt in Africa and the development status of Chinese oil companies, five suggestions were given as follows: going aligned with the foreign policy of Chinese government, investigating and setting regulations, strengthening cross-cultural training for staff, developing harmonious relationship with the local communities and the application of localization. (author)

  16. Corporate social policy - problems of institutionalization and experience of Russian oil and gas companies

    Science.gov (United States)

    Nekhoda, E.; Kolbysheva, Yu; Makoveeva, V.

    2015-11-01

    The article examines a range of problems related to the process of institutionalization in the corporate social policy, characterizing the social responsibility of business and representing a part of the general strategy of corporate social responsibility. The experience of the social policy implementation in oil and gas companies is analyzed.

  17. Integrating market share models with network optimizing models for strategic planning in an oil pipeline company

    International Nuclear Information System (INIS)

    Smith, L.D.; Moses, S.W.

    1991-01-01

    Mathematical models of market share are constructed to describe the distribution of petroleum products from pipeline terminals, water terminals and refineries in the midcontinental United States. Network distribution models are developed to analyse the constraints and economics of alternative distribution systems. This paper describes how the two types of models were integrated for strategic planning in an oil pipeline company

  18. Global networks and the two faces of Chinese national oil companies

    NARCIS (Netherlands)

    de Graaff, N.A.

    2014-01-01

    This paper investigates the patterns of transnational investments and alliances of Chinese state-owned oil companies since the mid-1990s and the social networks of their directors, taking the case of cnpc and its listed subsidiary PetroChina as the example. Using Social Network Analysis, I will map

  19. Cultural challenges to Chinese oil companies in Africa and their strategies

    International Nuclear Information System (INIS)

    Feng, George; Mu Xianzhong

    2010-01-01

    This paper investigates the cultural challenges faced by Chinese oil companies in Africa with the linguistic method and raises five corresponding suggestions in the end. First, the languages and culture of both African countries and China were studied, and the differences between them were uncovered. Second, the effects of colonization on African languages and culture were studied in a historically comparative way; the African tradition and modern culture were considered jointly. Third, the acknowledgement that African people give to Chinese culture was studied; the future development of Chinese cultural influence in Africa was anticipated. Based on all these studies, the cultural challenges to overseas investment management of Chinese oil companies in Africa were summarized into five aspects, i.e., the challenge in communication, working habit, religion, orientation and coexistence. Considering the lessons that some of the western oil companies have learnt in Africa and the development status of Chinese oil companies, five suggestions were given as follows: going aligned with the foreign policy of Chinese government, investigating and setting regulations, strengthening cross-cultural training for staff, developing harmonious relationship with the local communities and the application of localization.

  20. Personal, place, and time characteristics of offshore accidents in five oil companies operating in Indonesia

    International Nuclear Information System (INIS)

    Rahardjo; Sudjoko; Sebayang

    1991-01-01

    This study is to determine personal, place and time characteristics of offshore accidents during the year of 1987, 1988 and 1989 of five oil companies operating in Indonesia. Age, length of service, employment status, job characteristics, work cycles, work schedules, marital status, citizenship, disability, anatomy and nature of accident

  1. Benefit-sharing arrangements between oil companies and indigenous people in Russian northern regions

    NARCIS (Netherlands)

    Tulaeva, Svetlana; Tysyachnyuk, Maria

    2017-01-01

    This research provides an insight into various modes of benefit-sharing agreements between oil and gas companies and indigenous people in Russia's northern regions, e.g., paternalism, corporate social responsibility, and partnership. The paper examines factors that influence benefit-sharing

  2. Where in the World are Canadian Oil and Gas Companies? 2011

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

    Full Text Available Canada is well recognized for its prominence as an oil and gas jurisdiction in regard to its resources within its own borders. However, there is little available analysis and information regarding the presence of Canadian companies in the international arena. Begun in 2011 as an internal research tool for the development of the Extractive Resource Governance Program, this project seeks to answer the vital question: Where in the world are Canadian oil and gas companies? To answer this question, firm-level data from publicly traded Canadian companies are collected and analyzed, culminating in the development of an online tool for public use. This map allows interested users to geographically locate jurisdictions around the world where publicly traded Canadian oil and gas (hereafter O&G companies have activities, over time. The map is available at http://www.policyschool.ca/ research-teaching/teaching-training/extractive-resource-governance/ergp-map/. This project, hereafter referred to as the WIW project, provides a measure that quantifies Canadian oil and gas activity around the world and identifies key jurisdictions that are of particular interest to Canadian O&G companies. The data collected holds value for various stakeholders such as governments, regulatory bodies, academia, civil society, and industry across the extractive resource spectrum. Prior to further discussion regarding the 2011 annual data results, it is valuable to provide a brief overview of the methodology used in the collection of data for this research project. The WIW project examines the global activities of Canadian O&G companies in 218 countries spanning seven international regions of analysis.1 The aim of the WIW project is to examine the international presence of Canadian companies in foreign countries. As such, it is important to note that this project does not provide information related to the activities of Canadian companies within Canada’s border, such as the

  3. The evaluation of supply chain performance in the Oil Products Distribution Company, using information technology indicators and fuzzy TOPSIS technique

    Directory of Open Access Journals (Sweden)

    Daryosh Mohamadi Janaki

    2018-08-01

    Full Text Available Information Technology (IT plays an essential role on development of effective supply chain planning and it can improve the supply chain performance, either directly or indirectly. As a national industry, the National Iranian Oil Products Distribution Company involves a large number of organizations within its supply chain. Therefore, this descriptive-survey uses information sharing indicators, fuzzy TOPSIS technique based on managers and expert opinions to evaluate and to rank some oil products distribution companies. Data are analyzed and the results show that Oil Products Distribution Company of Chaharmahal and Bakhtiari received the highest rank and Farsan maintained the lowest rank compared with other regional companies.

  4. Energy prices and the post oil/energy crisis Brazilian inflation: an input-output study

    Energy Technology Data Exchange (ETDEWEB)

    Lara-Resende, M.deM.

    1982-01-01

    This study is an attempt to understand the implications of the OPEC-induced severalfold increase in the international price of oil for average and sectoral domestic prices in Brazil, a large oil-importing open developing economy. Rather than using a Keynesian model (focusing on the universal characteristics of an economy), the study makes use of an open-price input-output model (capturing the structural characteristics of the Brazilian economy). The first three chapters, descriptive in nature, place in perspective the following three, which detail the model and the empirical results. The main conclusion is that, despite the significant increase observed in the post-crisis period, the relative percentage contribution of primary energy to wholesale inflation in Brazil is still relatively minor. A conservative estimate suggests that, in the years of substantial acceleration (1974 and 1979), approximately 15% of the wholesale inflation was due to energy (basically crude oil and oil derivatives). Though such low estimates are partly due to the limitations and assumptions underlying input-output analysis, it seems that the acceleration of inflation is related to more than cost increases originating in energy prices. It also seems to be related to agricultural and labor prices, as well as to the government's decision to abruptly and inopportunely raise several important product prices.

  5. Critical Factors in Transnational Oil Companies Localisation Decisions - Clusters and Portfolio Optimisation

    International Nuclear Information System (INIS)

    Kind, Hans Jarle; Osmundsen, Petter; Tverteraas, Ragnar

    2001-10-01

    Enhanced understanding of the factors determining trans national companies' localisation decisions is important for regulators and other stake holders concerned about maintaining current activity levels in a petroleum producing country. This article discusses localisation decisions in the context of theories of industrial clusters and real portfolio optimisation theory (materiality), which we argue are two fruitful lines of explanation for trans national companies' behaviour. The industrial cluster literature is concerned about the level of positive externalities associated with geographic clustering of related production activities. The concept of materiality, implying that investment projects in an oil province must be of a certain minimum size in order to be interesting for oil companies, is evaluated empirically and compared to predictions of mainstream economic theory. (author)

  6. Critical Factors in Transnational Oil Companies Localisation Decisions - Clusters and Portfolio Optimisation

    Energy Technology Data Exchange (ETDEWEB)

    Kind, Hans Jarle; Osmundsen, Petter; Tverteraas, Ragnar

    2001-10-01

    Enhanced understanding of the factors determining transnational companies' localisation decisions is important for regulators and other stakeholders concerned about maintaining current activity levels in a petroleum producing country. This article discusses localisation decisions in the context of theories of industrial clusters and real portfolio optimisation theory (materiality), which we argue are two fruitful lines of explanation for transnational companies' behaviour. The industrial cluster literature is concerned about the level of positive externalities associated with geographic clustering of related production activities. The concept of materiality, implying that investment projects in an oil province must be of a certain minimum size in order to be interesting for oil companies, is evaluated empirically and compared to predictions of mainstream economic theory. (author)

  7. Energy Needs and Environmental Demands - Seen from an Oil Company`s Perspective

    Energy Technology Data Exchange (ETDEWEB)

    Allen, W.W. [Phillips Petroleum Company (United Kingdom)

    1998-12-31

    In this presentation it is suggested that the greatest challenge in building the Norwegian oil industry may have been a climate of chronic price swings. The introduction of NORSOK by Norway and CRINE by the U.K. signalled that the North Sea countries intended to remain competitive in the world petroleum scene. The presentation focuses on the environmental challenges that lie ahead and the importance of maintaining a vigorous industry. The need for research is emphasized, especially on the effects of greenhouse gases and on cleaner fuels

  8. Chemical and biological study of essential oils from Eugenia pruniformis cambess., an endemic species from Brazilian Atlantic Forest

    OpenAIRE

    Albuquerque, Ricardo D.D.G.; Tietbohl, Luis A. C.; Fernandes, Caio P.; Couteiro, Pedro P.; Eiriz, Débora N.; Santos, Marcelo G.; Silva Filho, Moacélio V.; Alves, Gutemberg G.; Bachinski, Róber; Rocha, Leandro

    2012-01-01

    Eugenia pruniformis Cambess. is an endemic species from Brazilian Atlantic Forest. Essential oils from leaves and fruits from this species were obtained by hydrodistillation and analyzed by GCMS/CG-FID. In all, 25 compounds were identified, with predominance of sesquiterpene hydrocarbons in both plant parts. The major compounds were β-caryophyllene, bicyclogermacrene, germacrene D, δ- cadinene and α-copaene. Antioxidant activity was performed for essential oil from leaves using ORAC method, s...

  9. Antibacterial activity, chemical composition, and cytotoxicity of leaf?s essential oil from brazilian pepper tree (schinus terebinthifolius, raddi)

    OpenAIRE

    Silva, A.B.; Silva, T.; Franco, E.S.; Rabelo, S.A.; Lima, E.R.; Mota, R.A.; da C?mara, C.A.G.; Pontes-Filho, N.T.; Lima-Filho, J.V.

    2010-01-01

    The antibacterial potential of leaf?s essential oil (EO) from Brazilian pepper tree (Schinus terebinthifolius Raddi) against staphylococcal isolates from dogs with otitis externa was evaluated. The minimum inhibitory concentration of EO ranged from 78.1 to 1,250 ?g/mL. The oil was analyzed by GC and GC/MS and cytotoxicity tests were carried out with laboratory animals.

  10. Antibacterial activity, chemical composition, and cytotoxicity of leaf's essential oil from Brazilian pepper tree (Schinus terebinthifolius, Raddi

    Directory of Open Access Journals (Sweden)

    A.B. Silva

    2010-03-01

    Full Text Available The antibacterial potential of leaf's essential oil (EO from Brazilian pepper tree (Schinus terebinthifolius Raddi against staphylococcal isolates from dogs with otitis externa was evaluated. The minimum inhibitory concentration of EO ranged from 78.1 to 1,250 fg/mL. The oil was analyzed by GC and GC/MS and cytotoxicity tests were carried out with laboratory animals.

  11. Antibacterial activity, chemical composition, and cytotoxicity of leaf’s essential oil from brazilian pepper tree (schinus terebinthifolius, raddi)

    Science.gov (United States)

    Silva, A.B.; Silva, T.; Franco, E.S.; Rabelo, S.A.; Lima, E.R.; Mota, R.A.; da Câmara, C.A.G.; Pontes-Filho, N.T.; Lima-Filho, J.V.

    2010-01-01

    The antibacterial potential of leaf’s essential oil (EO) from Brazilian pepper tree (Schinus terebinthifolius Raddi) against staphylococcal isolates from dogs with otitis externa was evaluated. The minimum inhibitory concentration of EO ranged from 78.1 to 1,250 μg/mL. The oil was analyzed by GC and GC/MS and cytotoxicity tests were carried out with laboratory animals. PMID:24031476

  12. Diagnóstico da fauna silvestre em empresas florestais brasileiras Diagnosis of wild fauna in brazilian forest companies

    Directory of Open Access Journals (Sweden)

    Giovanna Debortoli Medeiros

    2009-02-01

    Full Text Available Com o objetivo de conhecer a situação atual da fauna silvestre em empresas florestais brasileiras, foram pesquisadas 42 razões sociais, entre Associadas e Co-Participantes da Sociedade de Investigações Florestais (SIF, as quais possuem plantios florestais próprios. As informações foram obtidas com base em questionário enviado às referidas empresas, via correio eletrônico, sendo as respostas obtidas também por esse mecanismo. Entre os vários resultados, destaca-se o fato de que 90,9% das empresas associadas já realizaram levantamentos qualitativos da fauna silvestre. No entanto, de modo geral há notória carência de infra-estrutura nas empresas pesquisadas para atender a trabalhos específicos de manejo e conservação da fauna silvestre.Forty-two companies, associates and co-participants of the Forest Investigation Society (SIF and owners of private forest plantations, were assessed to determine the current situation of wild fauna in Brazilian forest companies. Information was obtained through a questionnaire sent to and received from the companies by e-mail. One of the several results obtained was that 90.9% of the associate companies had already carried out qualitative surveys on wild fauna stands.. On the other hand, in general, there is a total lack of infrastructure in the surveyed companies, to specifically assist in the management and conservation of wild fauna.

  13. MARKET AND TECHNICAL CAPABILITIES IN ASSOCIATED BUSINESS DEVELOPMENT OF BRAZILIAN COMPANY

    OpenAIRE

    Aguiar, Helder de Souza; Nascimento, Paulo Tromboni de Souza; YU, Abraham Sin Oih

    2016-01-01

    The study examines the fuzzy front end of the largest Brazilian socks manufacturer when its managers decided to diversify their business. At the time, further growth possibilities were stagnant and the option to increase earnings was to develop a new product platform to support a new business. This paper aims to analyze and understand the content of the decision making that led to the development of new sporting goods platform, brand and franchise. The company’s existing capabilities were tak...

  14. Management according to financial indicators. Short-termism of the oil companies; Styring etter finansielle indikatorer - er oljeselskapene kortsiktige?

    Energy Technology Data Exchange (ETDEWEB)

    Osmundsen, Petter; Soerenes, Terje; Lindbaeck, Morten E.; Wigestrand, Arnstein O.

    2002-07-01

    Taking the oil companies as an example, the authors describe some of the valuation methods used by analysts and investment banks. The financial indicators used by the market form an incentive structure for the management of the companies. The article discusses how this affects the behaviour of the companies. It also discusses implications for resource management.

  15. Barriers to the adoption of green operational practices at Brazilian companies

    DEFF Research Database (Denmark)

    Jabbour, Charbel José Chiappetta; De Sousa Jabbour, Ana Beatriz Lopes; Govindan, Kannan

    2016-01-01

    companies. A conceptual framework with 8 hypotheses is proposed and tested at 75 companies using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with WarpPLS 4.0. The main results show that (a) the proposed framework obtained an adequate statistical adjustment, (b) the internal barriers (IBs...... by showing that companies which are looking for green competitive advantages should try to reduce their IBs. Also, policy-makers should pay attention not only to legislation that promotes ecological modernisation, but also to create a strong set of initiatives to overcome IBs, regardless of the size...

  16. Towards An Intelligent Model-Based Decision Support System For An Integrated Oil Company (EGPC)

    International Nuclear Information System (INIS)

    Khorshid, M.; Hassan, H.; Abdel Latife, M.A.

    2004-01-01

    Decision Support System (DSS) is an interactive, flexible and adaptable computer-based support system specially developed for supporting the solution of unstructured management problems [31] DSS has become widespread for oil industry domain in recent years. The computer-based DSS, which were developed and implemented in oil industry, are used to address the complex short-term planning and operational issues associated with downstream industry. Most of these applications concentrate on the data-centered tools, while the model-centered applications of DSS are still very limited up till now [20]. This study develops an Intelligent Model-Based DSS for an integrated oil company, to help policy makers and petroleum planner in improving the effectiveness of the strategic planning in oil sector. This domain basically imposes semi-structured or unstructured decisions and involves a very complex modeling process

  17. Where in the World are Canadian Oil and Gas Companies? An Introduction to the Project

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

    Full Text Available In April 2013, The School of Public Policy formally launched the Extractive Resource Governance Program, a platform to harness Canadian and international research and technical expertise to assist resource-rich jurisdictions in establishing sustainable and mutually beneficial policies for governance of the extractive sector. The program delivers applied policy research, technical assistance and executive training programs to countries with emerging or established extractive resources, working in collaboration with governments, regulatory bodies, academia, civil society, and industry. Begun in 2011 as an internal research tool for the development of the Extractive Resource Governance Program, this project was conceived as a means to identify jurisdictions where Canadian companies had ongoing projects and activities around the world. This paper introduces the methodology used to answer the question: Where in the world are Canadian oil and gas companies? To answer this question, firm-level data from publicly traded Canadian companies were collected and analyzed culminating in the development of an online tool for public use. This paper accompanies an interactive website launched by The School’s Extractive Resource Governance Program and describes the data available online as well as in the annual reports released by The school. The website and annual reports allow interested users to geographically locate jurisdictions around the world where publicly traded Canadian oil and gas companies have activities, over time. The website is available at http://www.policyschool.ca/research-teaching/teachingtraining/extractive-resource-governance/ergp-map/. While Canada is a well-recognized oil and gas jurisdiction within its own borders, the extent of activity that Canadian companies undertake in the international arena is less well known. For instance, while Natural Resources Canada collects and publishes regular data on Canadian mining assets and

  18. [Reflection on developing bio-energy industry of large oil company].

    Science.gov (United States)

    Sun, Haiyang; Su, Haijia; Tan, Tianwei; Liu, Shumin; Wang, Hui

    2013-03-01

    China's energy supply becomes more serious nowadays and the development of bio-energy becomes a major trend. Large oil companies have superb technology, rich experience and outstanding talent, as well as better sales channels for energy products, which can make full use of their own advantages to achieve the efficient complementary of exist energy and bio-energy. Therefore, large oil companies have the advantages of developing bio-energy. Bio-energy development in China is in the initial stage. There exist some problems such as available land, raw material supply, conversion technologies and policy guarantee, which restrict bio-energy from industrialized development. According to the above key issues, this article proposes suggestions and methods, such as planting energy plant in the marginal barren land to guarantee the supply of bio-energy raw materials, cultivation of professional personnel, building market for bio-energy counting on large oil companies' rich experience and market resources about oil industry, etc, aimed to speed up the industrialized process of bio-energy development in China.

  19. Outward Foreign Direct Investment from BRIC countries: Comparing strategies of Brazilian, Russian, Indian and Chinese multinational companies

    Directory of Open Access Journals (Sweden)

    Wladimir Andreff

    2015-12-01

    Full Text Available An overall comparative study of outward foreign direct investment (OFDI from BRIC countries and strategies conducted by multinational companies (MNCs based in the BRICs is elaborated on with a same methodology for Brazil, Russia, India and China. The comparison pertains to the historical emergence of firms’ internationalisation, their booming expansion in the 2000s then their muddling through the current crisis, the specificities of OFDI from each home country, OFDI geographical distribution and industrial structure, econometric testing of the respective determinants of Brazilian, Russian, Indian and Chinese OFDI, and the role of home countries’ governments vis-à-vis home-based MNCs. Beyond some common characteristics, BRICs’ MNCs exhibit a number of major country-specific features.

  20. RELATIONSHIP BETWEEN WORKING CAPITAL MANAGEMENT AND PROFITABILITY IN BRAZILIAN LISTED COMPANIES

    OpenAIRE

    Prof. Dr. Hong Yuh Ching; Prof. MSc. Ayrton Novazzi; Prof. Dr. Fábio Gerab

    2011-01-01

    To overcome competition in a very complex environment, few companies have been able to use the optimization of working capital as a real competitive advantage to leverage profit. The objectives of this article are twofold: a) to investigate if there is any difference between corporate profitability and working capital management in two separate groups of companies: working capital intensive and fixed capital intensive; b) to identify the variables that most affect profitability. The profitabi...

  1. Financial frictions and substitution between internal and external funds in publicly traded Brazilian companies

    Directory of Open Access Journals (Sweden)

    Márcio Telles Portal

    2012-04-01

    Full Text Available The present study aimed to document the effects of financial constraints on the negative relationship between cash flow and external funds, a phenomenon associated with the Pecking Order Theory. This theory suggests that companies subject to more expensive external funds (financially constrained firms should demonstrate a stronger negative relationship with cash flow than companies subject to minor financial frictions (financially unconstrained firms. The results indicate that the external funds of constrained firms consistently present less negative sensitivity to cash flow compared with those of unconstrained companies. Additionally, the internal funds of constrained companies demonstrate a positive sensitivity to cash flow, whereas those of unconstrained companies do not show any such significant behavior. These results are in accordance with the findings of Almeida and Campello (2010, who suggest the following: first, because of the endogenous nature of investment decisions in constrained companies, the complementary relationship between internal and external funds prevails over the substitutive effects suggested by the Pecking Order Theory; and second, the negative relationship between cash flow and external funds cannot be interpreted as evidence of costly external funds and therefore does not corroborate the Pecking Order Theory.

  2. Original oilpatch; the biggest Canadian oil company laid its cornerstone in Sarnia 100 years ago

    International Nuclear Information System (INIS)

    Faulkner, P.

    2000-01-01

    The end of the 20. century also marked the occasion of 100 years of oil refining by Imperial Oil, the largest oil company in Canada. The first commercial oil well was dug at Oil Springs, near Petrolia in southwestern Ontario in the days when the only market for crude oil was kerosene for lamps and cooking. The original well today occupies the doorstep of the Oil Museum of Canada, which contains the records of the birth and growth of the industry which flourished long before anyone had dreamt of Leduc in Alberta, OPEC, or the myriads of petrochemical products, from nylon stockings and rubber tires to bubble bath and detergents, that are common place today. Documents at the Museum reveal that the first oil tanked for commercial sale came from a well at Oil Springs in 1858, a year ahead of the Titusville, Pennsylvania claim. By 1860 production reached a maximum of 800 barrels a day and Canada's first oilpatch was born. The original production equipment, primitive but durable, can be seen at the second local museum, the outdoor Discovery at Petrolia. Refining prior to the start of Imperial in 1880, was done by boiling down crude oil in cast iron vats to isolate kerosene, then the only byproduct of any use. At one stage, there were about 100 small refineries in southern Ontario. Sarnia became the centre of Canadian oil refining after Imperial was sold to the Rockefeller's Standard Oil of New York, who relocated it from Petrolia in 1898. With the arrival of the horseless carriage, gasoline had become a major byproduct. The refinery was rebuilt ; by 1927 it processed 15,500 barrels a day and manufactured 381 products, including vast numbers of candles. Today, plant capacity is up to 120,000 barrels a day. Although southwestern Ontario has long been overshadowed by Alberta as an oil producer, there are still some 600 active wells in the region, and a dozen entrepreneurs still ship about 60,000 barrels a year of southwest Ontario oil to Sarnia for refining. Imperial still

  3. ASSESSMENT OF CO2 EMISSION MITIGATION FOR A BRAZILIAN OIL REFINERY

    Directory of Open Access Journals (Sweden)

    W. N. Chan

    Full Text Available Abstract Currently the oil refining sector is responsible for approximately 5% of the total Brazilian energy related CO2 emissions. Possibilities to reduce CO2 emissions and related costs at the largest Brazilian refinery have been estimated. The abatement costs related to energy saving options are negative, meaning that feasibility exists without specific income due to emission reductions. The assessment shows that short-term mitigation options, i.e., fuel substitution and energy efficiency measures, could reduce CO2 emissions by 6% of the total current refinery emissions. It is further shown that carbon capture and storage offers the greatest potential for more significant emission reductions in the longer term (up to 43%, but costs in the range of 64 to162 US$/t CO2, depending on the CO2 emission source (regenerators of FCC units or hydrogen production units and the CO2 capture technology considered (oxyfuel combustion or post-combustion. Effects of uncertainties in key parameters on abatement costs are also evaluated via sensitivity analysis.

  4. Antinociceptive and hypothermic evaluation of the leaf essential oil and isolated terpenoids from Eugenia uniflora L. (Brazilian Pitanga).

    Science.gov (United States)

    Amorim, Ana Carolina L; Lima, Cleverton Kleiton F; Hovell, Ana Maria C; Miranda, Ana Luisa P; Rezende, Claudia M

    2009-10-01

    Eugenia uniflora L. (Myrtaceae), known as Brazilian cherry tree, is a fruity tree spread all over Brazil used in popular medicine to treat inflammations, rheumatic pain and fever, as hypoglycemic, diuretic and has been widely used in the cosmetics industry. The present study discusses the chemical composition, the antinociceptive and hypothermic profile of the essential oil of pitangueira leaves. The chemical composition was evaluated by GC-MS and the main constituent of the oil was characterized, after isolation, as a mixture of atractylone (1) and 3-furanoeudesmene (2). The essential oil, its pentane fraction and the isolated mixture of sesquiterpenes (1 and 2), given orally, significantly inhibited the acetic acid-induced abdominal constrictions, increased the latency time in hot plate test and showed a hypothermic effect. The results suggest that the responsible for the antinociceptive and hypothermic effect were the isolated furanosesquiterpenes. These findings provided additional pharmacological information and may contribute for the use of Brazilian cherry tree as a phytomedicine.

  5. Hidden action or hidden strategy: China's control of its national oil companies

    Science.gov (United States)

    Humphrey, Charles

    China's rapid economic growth has been accompanied by parallel growth in energy demand, particularly in demand for oil. Due to political and economic constraints on domestic reform, the CPC has focused on the international dimension through the creation of vertically integrated national oil companies. The foreign investments of these companies have become increasingly controversial due to the high levels of political and financial support afforded them by the CPC. I measure control by employing a model of institutional constraints on state-owned enterprises in conjunction with a managerial variant of Principal Agent theory well suited to political analyses. I conclude that the combination of institutional overlap, the process which led to the formation of the CNOCs as they currently exist and the current overseas activities of the CNOCs all demonstrate that the CPC is in control of the CNOCs.

  6. Features of the marketing strategy of oil and gas companies in exploration drilling

    International Nuclear Information System (INIS)

    Sharf, I; Kamynina, L; Malanina, V

    2014-01-01

    The implementation of national and regional programs for the development of new oil and gas provinces of Eastern Siberia poses the challenge of increasing geological exploration. The current drilling service companies' market structure, as well as the strategic task of search and exploration effectiveness requires qualitatively new approaches for choosing a contractor. The proposed strategy to select a contractor based on comprehensive analysis of certain groups of industrial, financial, infrastructural criteria allows not only to optimize the costs of exploration activities, but also to minimize preventively the risks of a poor geological exploration. The authors' SWOT- analysis of the marketing strategy of ''Gazprom neft'' for choosing a contractor outlined the problem of imperfection of the Russian legislation in the sphere of activities of service companies in the oil and gas sector

  7. Measuring the Spread Components of Oil and Gas Companies from CDS

    Directory of Open Access Journals (Sweden)

    Juliano Ribeiro de Almeida

    2012-04-01

    Full Text Available In this paper, we use the information from the credit default swap market to measure the main components of the oil and gas companies spread. Using nearly 20 companies of this industry with different ratings and nearly 80 bonds, the result was that the majority of the oil and gas spread is due to the default risk. We also find that the spread component related to the non-default is strongly associated with some liquidity measures of bond markets, what suggest that liquidity has a very important role in the valuation of fixed income assets. On the other side, we do not find evidence that the non-default component of the spread is related to tax matters.

  8. Features of the marketing strategy of oil and gas companies in exploration drilling

    Science.gov (United States)

    Sharf, I.; Malanina, V.; Kamynina, L.

    2014-08-01

    The implementation of national and regional programs for the development of new oil and gas provinces of Eastern Siberia poses the challenge of increasing geological exploration. The current drilling service companies' market structure, as well as the strategic task of search and exploration effectiveness requires qualitatively new approaches for choosing a contractor. The proposed strategy to select a contractor based on comprehensive analysis of certain groups of industrial, financial, infrastructural criteria allows not only to optimize the costs of exploration activities, but also to minimize preventively the risks of a poor geological exploration. The authors' SWOT- analysis of the marketing strategy of "Gazprom neft" for choosing a contractor outlined the problem of imperfection of the Russian legislation in the sphere of activities of service companies in the oil and gas sector.

  9. A CRITICAL ANALYSIS OF QUALITY MANAGMENT IMPLEMENTATION IN A SMALL BRAZILIAN COMPANY

    Directory of Open Access Journals (Sweden)

    Jonathan Schmitz Rauber

    2014-05-01

    Full Text Available This project involves identifying major organizational changes occurred in a small company in the printing supplies sector as it implemented the ISO 9001:2000 standard. The case study methodology was used through exploratory research to conduct semi-structured interviews with six employees in addition to participant observation. The desired outcome of this article is the identification of the benefits and difficulties encountered in the implementation process and a comparison between the new and previous practices. The main results of the research relate to the process of professionalization of management practices of the company and the improved internal processes.

  10. The essential oil of Brazilian pepper, Schinus terebinthifolia Raddi in larval control of Stegomyia aegypti (Linnaeus, 1762)

    Science.gov (United States)

    2010-01-01

    Background The ability of mosquitoes of the genus Aedes and its allies, such as Stegomyia, to transmit diseases such as dengue and yellow fever, makes them important in public health. This study aims to evaluate the use of the essential oil of Brazilian pepper in biological control of by assessing and quantifying the larvicidal effect against S. aegypti, the only available access to dengue control, and test its risk of genotoxicity with Salmonella typhimurium as an indicator of safety for its environmental use. Results The density of the oil was 0.8622 g mL-1. Gas chromatography coupled with mass spectrometry revealed six major constituents: δ-3-carene (55.43%), α-pinene (16.25%), sylvestrene (10.67%), germacrene D (2.17), β-myrcene (1.99%), and isoterpinolene (1.4%). The minimum inhibitory dose to larvae development was 862.20 μg mL-1. The median lethal dose (LD50) of the essential oil for larvae was between the concentrations of 172.44-344.88 μg mL-1. There was no mutagenic risk for the essential oil, since there were no biochemical or morphological changes in S. typhimurium after exposure to the essential oil. Conclusions The minimum inhibitory essential oil concentration and the median lethal dose pointed to the value of the use of water dispersions of Brazilian pepper essential oil as an environmental safe natural larvicidal for S. aegypti. PMID:20799936

  11. The essential oil of Brazilian pepper, Schinus terebinthifolia Raddi in larval control of Stegomyia aegypti (Linnaeus, 1762).

    Science.gov (United States)

    Silva, Ary G; Almeida, Drielle L; Ronchi, Silas N; Bento, Amarildo C; Scherer, Rodrigo; Ramos, Alessandro C; Cruz, Zilma Ma

    2010-08-27

    The ability of mosquitoes of the genus Aedes and its allies, such as Stegomyia, to transmit diseases such as dengue and yellow fever, makes them important in public health. This study aims to evaluate the use of the essential oil of Brazilian pepper in biological control of by assessing and quantifying the larvicidal effect against S. aegypti, the only available access to dengue control, and test its risk of genotoxicity with Salmonella typhimurium as an indicator of safety for its environmental use. The density of the oil was 0.8622 g mL-1. Gas chromatography coupled with mass spectrometry revealed six major constituents: δ-3-carene (55.43%), α-pinene (16.25%), sylvestrene (10.67%), germacrene D (2.17), β-myrcene (1.99%), and isoterpinolene (1.4%). The minimum inhibitory dose to larvae development was 862.20 μg mL-1. The median lethal dose (LD50) of the essential oil for larvae was between the concentrations of 172.44-344.88 μg mL-1. There was no mutagenic risk for the essential oil, since there were no biochemical or morphological changes in S. typhimurium after exposure to the essential oil. The minimum inhibitory essential oil concentration and the median lethal dose pointed to the value of the use of water dispersions of Brazilian pepper essential oil as an environmental safe natural larvicidal for S. aegypti.

  12. The essential oil of Brazilian pepper, Schinus terebinthifolia Raddi in larval control of Stegomyia aegypti (Linnaeus, 1762

    Directory of Open Access Journals (Sweden)

    Silva Ary G

    2010-08-01

    Full Text Available Abstract Background The ability of mosquitoes of the genus Aedes and its allies, such as Stegomyia, to transmit diseases such as dengue and yellow fever, makes them important in public health. This study aims to evaluate the use of the essential oil of Brazilian pepper in biological control of by assessing and quantifying the larvicidal effect against S. aegypti, the only available access to dengue control, and test its risk of genotoxicity with Salmonella typhimurium as an indicator of safety for its environmental use. Results The density of the oil was 0.8622 g mL-1. Gas chromatography coupled with mass spectrometry revealed six major constituents: δ-3-carene (55.43%, α-pinene (16.25%, sylvestrene (10.67%, germacrene D (2.17, β-myrcene (1.99%, and isoterpinolene (1.4%. The minimum inhibitory dose to larvae development was 862.20 μg mL-1. The median lethal dose (LD50 of the essential oil for larvae was between the concentrations of 172.44-344.88 μg mL-1. There was no mutagenic risk for the essential oil, since there were no biochemical or morphological changes in S. typhimurium after exposure to the essential oil. Conclusions The minimum inhibitory essential oil concentration and the median lethal dose pointed to the value of the use of water dispersions of Brazilian pepper essential oil as an environmental safe natural larvicidal for S. aegypti.

  13. Market entry mode and competency building of Western oil companies in the Russian up stream oil and gas industry

    Science.gov (United States)

    Stephenson, Paul M.

    This dissertation investigated the market entry and competency building strategies within the context of the Russian oil and gas industry. The study was designed to be of interest to business practitioners and academics given the growing importance of fossil fuel in the energy balance of the global economy and the importance of Russia as a supplier and purchaser in the international market. The study's mixed methodology provides an understanding on the environmental factors that are postulated to impact foreign direct investment flow into Russia and the oil and gas sector. A case study of a fictitiously named Western-Russo oil company was conducted to provide a deep understanding of how capability is viewed by Russian and Western employees and the factors that influences the implementation of a successful competency development program. The case was centered on the development of a Well-Site supervisor group within a Western-Russian oil company. Findings of the study showed that there was no correlation between corruption and foreign direct investment inflow into the Russian economy. The findings also showed that both Russian and Western employees in the oil and gas industry are less focused on nontechnical competency development issues, that Western employees are more orientated towards the bottom-line than Russian employees, and that both groups see operational management as a core competency. In the area of financial management and technology application, there were significant differences in the viewpoint of both groups. Western employees saw a stronger need for financial management and less need for technology application when compared to their Russian counterparts. The results have implications for Western business contemplating entering the Russian oil and gas industry. Western firms need to understand the key drivers that will help them overcome the social and cultural barriers between Western and Russian employees. The role of the company leader is very

  14. QUALITY CHARACTERISTIS OF FRUITS AND OILS OF PALMS NATIVE TO THE BRAZILIAN AMAZON

    Directory of Open Access Journals (Sweden)

    MARY DE FÁTIMA GUEDES DOS SANTOS

    Full Text Available ABSTRACT Native palm trees are highly important plant resources for the Amazon region; however, despite the great diversity and utilities, few species have been studied, requiring more comprehensive studies on quality and composition for species not yet explored. The aim of this study was to evaluate the quality of fruits and oils of palm trees from the Brazilian Amazon and to identify potential uses. Fruits from five palm trees (bacaba, buriti, inajá, pupunha, and tucumã were evaluated for total mass, length, diameter, and yield, soluble solids (SS, titratable acidity (TA, pH, SS/TA ratio, total soluble sugar (TSS, reducing sugar (RS, total pectin (TP soluble pectin (SP, and starch. The oils from the edible portion of fruits were evaluated for acidity and peroxide indexes, oxidative stability, unsaponifiable matter, polar compounds and fatty acids composition analyzed by gas chromatography. Pupunha showed the highest yield of the edible portion (76.38% and starch content (24.89%. The mesocarp of palm fruits showed SS values between 7.5 and 14.3 ºBrix, low acidity (0.30%, pH (4.2 to 6.3, higher content of total sugars in tucuma and reducing sugars in bacaba and 0.81% for total pectin. The content of lipids was high, ranging from 17.0% for pupunha to 38.3% for bacaba in dry basis. In buriti, tucuma, and bacaba oils, high content of unsaturated fatty acids was found, with more than 83, 75, and 61%, respectively. Therefore, not only fruits but also oils showed excellent quality and great nutritional potential.

  15. Corporate governance structure which is based in the S&OP process: Case study in la Brazilian cosmetic company

    Directory of Open Access Journals (Sweden)

    Ximena Rojas

    2014-03-01

    Full Text Available (Received: 2014/01/31 - Accepted: 2014/03/25This article is about the generation of a corporate governance structure which is based in the process S&OP for a Brazilian cosmetic industry. The increasing emphasis on business development guided by attention to the requirements and demands of customers, cause nowadays, that the organizations of the commercial sectors work in the creation of a competitive differential. The collaborative business management strategy S&OP is looking for the attention of people who are interested in the improvement of their skills; in order to achieve this differential. With the case study methodology, the objectives are to get knowledge, identify, and analyze the characteristics of the company using analysis tools like SWOT, process analysis, value chain. All with the purpose to get a robust management tool that fits with the requirements and demands of the organization. The analyzed results showed that the principles of collaboration and internal communication were the pillars necessary against any attempt of business development. This supports the proposal of a management structure based on the five step S&OP process. As a complement to this study a methodology CPFR was identified as the platform for an integrated work with the rest of the companies of the supply chain.

  16. Impact of Contingent Liabilities Reclassification on Financial Performance: An Analysis with Brazilian Companies of Electricity Utilities Sector

    Directory of Open Access Journals (Sweden)

    Carlos Henrique Silva do Carmo

    2018-01-01

    Full Text Available The main objective of this research is to verify the effect of a reconfiguration of contingent liabilities in the financial performance of Brazilian companies in the electricity sector in the years 2013 to 2015. The sample consisted of 53 companies and 153 financial statements were analyzed. The model used to reconfigure the contingent liabilities into provisions was developed by Rose (2014. The author classifies the reversal in 5 scenarios: Optimistic (20% Partially Optimistic (40%, moderate (60% Partially Pessimistic (80% and Pessimistic (100%. To represent the economic and financial performance we selected three indicators: General Liquidity (LG, General Indebtedness (EG and Return Over Assets (ROA. The results showed that for worst-case scenarios, there is a significant difference between the indicators calculated on the original data in comparison with those calculated within the reclassified scenarios. The Statistics D of Cohen (1988 pointed out that, in addition to statistically significant, in the worst scenarios, the size effect was also too high, especially for the ROA and the Indebtedness. For Liquidity the differences were not so significant. The findings of this research serve as a warning to users of financial statements and pointed out that they should be aware of the financial effect of different interpretations of the individuals involved in decisions about the likelihood of loss in provision and Contingent liabilities.

  17. Second quarter trims earnings gain of OGJ group of U.S. oil companies

    International Nuclear Information System (INIS)

    Beck, R.J.; Biggs, J.B.

    1991-01-01

    This paper reports that first half of 1991 profits for the Oil and Gas Journal group of 22 large U.S. oil companies totaled $10,553 billion, down a scant 0.1% from the same period the year before. However, second quarter profits were down sharply, dipping to $3.656 billion or 27.4% below the second quarter of 1990. This is in sharp contrast with first quarter profits, which totaled $6.897 billion and were up 24.8% from the same period of 1990. First half individuals results were widely diverse, with seven companies showing profit improvements from last year and 15 companies a decline. Only one, Murphy Oil Co., posted a loss in the first half. Six companies showed profit gains of more than 20% and 11 posted declines greater than 20%. In the second quarter 16 of the group had lower earnings than they booked in the same period of 1990. Restructuring charges and gains, along with provisions for future environmental costs, continued to have a great deal of influence over year to year changes in profits. Chemical earnings were down for the 6 months and in the second quarter for most companies. U.S. refining and marketing earnings were mixed but generally lower for both periods. Due to an economic recession product demand was down in the first half of this year. Non-U.S. refining and marketing profits were up for the first half, but the gain stemmed from improved margins in the first quarter

  18. State companies dominate OGJ100 list of non-U.S. oil producers

    International Nuclear Information System (INIS)

    Anon.

    1993-01-01

    State owned oil and gas companies dominate the OGJ100 list of non-U.S. producers. Because many of them report only operating information, companies on the worldwide list cannot be ranked by assets or revenues. The list, therefore, is organized regionally, based on location of companies' corporate headquarters. The leading nongovernment company in both reserves and production is Royal Dutch/Shell. It ranks sixth in the world in liquids production and 11th in liquids reserves, as it has for the past 2 years. British Petroleum is the next largest nongovernment company. BP ranks 11th in liquids production and 16th in liquids reserves. Elf Aquitaine, 55.8% government-controlled, ranked 17th in liquids production. AGIP was 20th in liquids production. Kuwait Petroleum returned to the list of top 20 producers, ranking 12th, as it restored production shut in by facilities damage sustained during the Persian Gulf crisis. New to the top 20 reserves list is Petroleo Brasileiro, which moved to 20th position. The top 20 companies in the OGJ100 held reserves estimated at 869.3 billion bbl in 1992 vs. 869.5 billion bbl in 1991 and 854.2 billion bbl in 1990

  19. Increased productivity through waste reduction effort in oil and gas company

    Science.gov (United States)

    Hidayati, J.; Silviana, NA; Matondang, RA

    2018-02-01

    National companies engaged in oil and gas activities in the upstream sector. In general, the on going operations include drilling, exploration, and production activities with the result being crude oil channelled for shipment. Production activities produce waste gas (flare) of 0.58 MMSCFD derived from 17.05% of natural gas produced. Gas flares are residual gases that have been burning through flare stacks to avoid toxic gases such as H2S and CO that are harmful to human health and the environment. Therefore, appropriate environmental management is needed; one of them is by doing waste reduction business. Through this approach, it is expected that waste reduction efforts can affect the improvement of environmental conditions while increasing the productivity of the company. In this research begins by identifying the existence of problems on the company related to the amount of waste that is excessive and potentially to be reduced. Alternative improvements are then formulated and selected by their feasibility to be implemented through financial analysis, and the estimation of alternative contributions to the level of productivity. The result of this research is an alternative solution to solve the problem of the company by doing technological based engineering by reusing gas flare into fuel for incinerator machine. This alternative contributes to the increased productivity of material use by 23.32%, humans 83.8%, capital 10.13 %, and waste decreased by 0.11%.

  20. First Brazilian patent for dielectric vegetable oil for transformers; Primeira patente brasileira de oleo dieletrico vegetal para transformadores

    Energy Technology Data Exchange (ETDEWEB)

    Carioca, Jose O.B.; Carvalho, Paulo C.M.; Correa, Raimundo G.C.; Bernardo, Francisco A.B. [Universidade Federal do Ceara (UFC), Fortaleza, CE (Brazil); Coelho Junior, Luiz G. [2 Companhia Energetica do Ceara (COELCE), Fortaleza, CE (Brazil); Abreu, Rosa F.A. [Universidade Estadual do Ceara (UECE), Fortaleza, CE (Brazil)

    2008-07-01

    The present paper discuss the development of different insulating oils for electric power transformers during the last hundred years and analyze comparatively the potential for the use of vegetable oils as a source for green dielectric oils, due to its high level of biodegradability, nontoxic, material compatibility, good electric strength and insulation properties, long-term oxidative and thermal stability, relatively low pour point and reasonable cost. Based on these premises, the authors developed a new type of insulating fluid based on Brazilian vegetable oils never used before for this purpose. This product is competitive with similar and patented products developed from canola and soya vegetable oils. Recently a new patent related with the process for the production of this fluid was submitted to the World Industrial Property Organization - WIPO. (author)

  1. R&D+ i Strategic Management in a Public Company in the Brazilian Electric Sector

    Directory of Open Access Journals (Sweden)

    Ruy De Quadros Carvalho

    2013-05-01

    Full Text Available The purpose of this paper is - by reporting an experience of structuring processes and tools related to the strategic management of R&D in the electricity sector – to show the conditions and potential for improved efficiency, efficacy, and effectiveness in the R&D program set by ANEEL. The methodology is action research. This is because the proposed and tested model is the result of reflection and resolution of critical organizational issues, applied in a public company in the electric power sector. Act No. 9,991 of July 24, 2000 provides for the obligation on the part of concessionaires, permittees, and licensees in the electric power sector to invest part of their operating revenue in research and development (R&D. For the effective implementation of these legal obligations, companies prepare their annual R&D programs, comprising projects that aim at developing innovative solutions for their processes and increasing business efficiency. However, the urgency to comply with the contractual provisions, coupled with the small amount of experience most companies have when it comes to carrying out R&D activities and projects, has led to the gradual formation of a mode of R&D implementation and management that does not favor its optimization and alignment with the goals the utility companies and the sector’s own technological development . The approach proposed in this paper consists of structuring the processes and tools related to the management of R&D driven by innovation (R&D+i and aligned with with the business strategy. These processes include the adoption of procedures and tools to manage structured, integrated decision-making flows involved in the innovation process, aiming at full alignment with business goals and objectives.

  2. Diversity management: a gender study and race in great brazilian companies

    Directory of Open Access Journals (Sweden)

    Ednéia Batista do Prado Gonçalves

    2016-05-01

    Full Text Available In Brazil, there is an artificial dealing to the theme of diversity in organizations, particularly with regard to the human side (Thomas, 1996. In developed countries like the United States, for example, the study of diversity has had more focus and relevance. In Brazil, this is hindered by bumping into racial prejudices and gender issues that does not allow the advancements and applicability in organizations. The aim of the study was to analyze the 30 largest companies listed on Exame magazine as the diversity of gender and race has been treated by conducting a reflection on gender and race issues in relation to the work of women and blacks occupations of management positions and higher ranking in companies. Methodologically, we carried out a documentary analysis of the Social Balance of the 30 largest domestic companies or operating in Brazil in dealings theme diversity. They were selected on the official website of the 30 largest companies, based on Exame Magazine - Biggest and Best, base year 2013, the Social Report the years 2011-2013, the study of the evolution of the percentage of women and blacks in senior positions was made by calculations of descriptive statistics: sample division into quartiles and average calculation. One can observe a slight variation between the percentage over the years studied, which did not significantly alter the positions occupied by women and blacks in senior positions in the sample. It is expected that this study will contribute to the critical view of the issues related to gender and race in organizations.

  3. A critical analysis of quality managment implementation in a small brazilian company

    OpenAIRE

    Schmitz Rauber, Jonathan; Viana Borges, Marco Antonio; Manoel Júnior, Márcio Laênio; Pacheco, Diego Augusto de Jesus

    2014-01-01

    This project involves identifying major organizational changes occurred in a small company in the printing supplies sector as it implemented the ISO 9001:2000 standard. The case study methodology was used through exploratory research to conduct semi-structured interviews with six employees in addition to participant observation. The desired outcome of this article is the identification of the benefits and difficulties encountered in the implementation process and a comparison between the new ...

  4. Oil and gas in China: The door opens wider to international oil companies

    International Nuclear Information System (INIS)

    Tao, Wang

    1993-01-01

    This paper reviews new incentives offered by the China National Petroleum Corporation to help develop China's oil and gas fields. The initial offer for bids by foreign investors is for exploration and joint development contracts for western China's Tarim basin. However, the expansion to other basins and areas of China is well underway. It also discusses a pipeline project which will be connect the western China oil and gas fields with the eastern markets, approximately 2,200 miles. A historical review of the oil and gas production and utilization of China is presented along with forecasts of future production. It also provides estimates of gas and oil reserves and information on enhanced recovery techniques used to maintain a stable production level. The second half of the paper is an interview with Dr. Wang Tao, a PhD graduate of Moscow's Petroleum Institute, and president of the China National Petroleum Corporation. He reviews the government policies with regards to foreign investment in his country

  5. The Relationship of Leadership Styles and Organizational Culture Case Study of an Oil and Gas Company in Indonesia

    OpenAIRE

    Darwis, Tommy K; Djajadiningrat, Surna Tjahja

    2010-01-01

    This study explores relationship between leadership styles and organizational culture in an oil and Gas Company in Indonesia. The respondents are employees of an oil and Gas Company in Indonesia. This study use Multifactor leadership questionnaires to define leadership styles and Denison's Organizational Culture Model to measure Organizational Culture. These questionnaires were used to measure leadership styles of immediate or direct supervisor and organizational culture ...

  6. Where in the World are Canadian Oil and Gas Companies? 2012

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

    Full Text Available Begun in 2011 as an internal research tool for the development of the Extractive Resource Governance Program, this study seeks to answer the vital question: Where in the world are Canadian oil and gas companies? To answer this question, we extract firm-level information from publicly traded Canadian companies in order to establish the location of their activities around the globe.1 The data collected in the “Where in the World” (hereafter WIW project are presented through a publicly accessible interactive world map, which allows users to explore a specific country or region over time. This map can be accessed online at http://www.policyschool.ca/research-teaching/teaching-training/extractiveresource-governance/ergp-map/. For background information regarding the WIW project, including an extensive overview of the methodology, please refer to http://www.policyschool.ca/wp-content/uploads/2017/06/Where-in-the-WorldHojjati-Horsfield-Jordison-final.pdf. For a summarized overview of the annual data gathered in 2011, please refer to http://www.policyschool.ca/wp-content/ uploads/2017/06/2011-Where-in-the-World-Hojjati-Horsfield-Jordison-final.pdf. This report, as in the earlier report in this series, presents an extensive account of the global presence of Canadian oil and gas (hereafter O&G companies in the 2012 year of study.2 In total, 228 Canadian O&G companies conducted operations in 85 countries in 2012, extending their presence to every region of the world. While North America continued to serve as the primary destination for Canadian exploration and production activities, the role of Canadian O&G service companies increased significantly in the Middle Eastern oil and gas industry, particularly in the United Arab Emirates, Saudi Arabia, Kuwait, and Oman. This report begins with a regional overview of the international activities of Canadian exploration and production (E&P companies, followed by a summary of the level of activities on a

  7. Enterprise Risk Management in the Oil and Gas Industry: An Analysis of Selected Fortune 500 Oil and Gas Companies' Reaction in 2009 and 2010

    Science.gov (United States)

    Rogers, Violet C.; Ethridge, Jack R.

    2016-01-01

    In 2009, four of the top ten Fortune 500 companies were classified within the oil and gas industry. Organizations of this size typically have an advanced Enterprise Risk Management system in place to mitigate risk and to achieve their corporations' objectives. The companies and the article utilize the Enterprise Risk Management Integrated…

  8. Financial methodology for Brazilian market of small producers of oil and natural gas, based on Canadian and North American experiences in reserves quantification, evaluation and certification; Metodologia de financeiamento para pequenos produtores do mercado brasileiro de petroleo e gas natural, baseado nas experiencias canadense e americana na quantificacao, valoracao e certificacao de reservas

    Energy Technology Data Exchange (ETDEWEB)

    Ferreira, Enrico Brunno Zipoli de Sousa e [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Programa de Pos-Graduacao em Geologia; Coelho, Jose Mario [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Dept. de Minas

    2008-07-01

    ANP (National Agency of Petroleum, Natural gas and Biofuels), through auctions of exploratory blocks in the subsequent years from the break of the monopoly of PETROBRAS with the Law 9.478 of 1997, had important role in the opening of the section and in the attainment of the self-sufficiency of petroleum. However the petroleum production in ripe and marginal fields were left off, since the initial interest in the first rounds was to attract the major companies. - International Oil Companies (IOC) - when ANP granted great blocks offshore. Ripe fields are defined as fields in phase of irreversible declination and marginal fields are also defined as economical concept, certain for business decision and external economical factors (price of the oil, etc.). Canada and USA, worldwide leaders in the market of petroleum and gas, possess politics that benefit and maintain the small companies protected of the competition of INOC's by assuring small companies finance through the guarantee of proved reserves of oil. This paper assemble Canadian and American experiences in regulation for small companies investments and compares it with Brazilian financing types, which is restricted due to the Brazilian finance agent's despite about oil and gas activity. (author)

  9. Performance of Brazilian Companies: Year Effects, Line of Business and Individual Firms

    Directory of Open Access Journals (Sweden)

    Luiz Artur Ledur Brito

    2004-07-01

    Full Text Available Performance varies. This simple statement conceals many intricacies of strategic management. Because performance varies among individual firms, researchers can explore factors that differentiate these firms and explain why some firms are consistently outperforming others. Because performance varies among industries, researchers can explore structural characteristics of different branches of accounting as a source of explanation. Because performance varies with time, researchers can explore environmental and internal dynamic elements that drive strategic decision-making. In reality,measuring and analyzing performance is a very complicated issue when performance varies simultaneously from firm to firm, from industry to industry and from year to year. The theoretical discussion behind this question is the relative importance of the industrial organization derived approach to strategy versus the resource-based view. This paper analyzes the composition of performance variance of a set of Brazilian firms from 1998 to 2001. The results demonstrate that firm effects are still dominant, with year and industry effects being lower, as previous studies with North American firms have indicated.

  10. Voluntary disclosure of Value Chain in Financial Reports of Companies Brazilian Capital Open

    Directory of Open Access Journals (Sweden)

    Leandro da Costa Lopes

    2012-12-01

    Full Text Available Managing the value chain with the aim to achieve competitive advantage in relation to their competitors and in order to reduce costs has become increasingly important for business organizations. The aim of this paper is to analyse whether Brazilian organisations listed on Sao Paulo´s Stock Exchange (BOVESPA publish information relating to value chain management in their financial reports. In addition, this research aims to investigate the potential relationtionship between evidentiation of this information and two independent variables, gross margin and number of pages. Content Analysis was adopted in the management report and report notes of the year 2011. The analysis was based on the strategic cost management framework developed by Wrubel et al. (2010. The sample selected includes the ten largest non financial organizations, according to their total assets. Despite the fact that publishing the value chain management is not compulsory, it was observed that the businesses studied present on average 30 sentences regarding the topic in their reports. The category internal and external value chain activities represents 54.58% of the total sentences found. It has been found that there is a significant positive correlation between the amount of sentences disclosed and page number of reports, however, it was found that the same does not occur when attempted to correlate the gross margin. As a consequence, the hypothesis that gross margin could be a motivation for higher volume of information regarding value chain was not confirmed.

  11. Comparison of the reorganisations of BP and Shell and possible opportunities for Middle East and North African Oil companies

    Energy Technology Data Exchange (ETDEWEB)

    Jenkins, Gilbert

    1999-07-01

    A critical analysis is provided of the recent reorganisations of the downstream and petrochemical activities of BP and Shell. BP (or BP Amoco including Arco) and Shell are preparing for the next decade anticipating the environment and changing the companies to maximise their profitability in that environment. For the oil producing countries of the Middle East and North Africa (MENA), there are lessons to be learned both from the forecasts which BP Amoco and Shell are making and from the way these companies intend to operate. BP Amoco's view of oil refining is that the surplus capacity is endemic; Shell's view is that it is transient. BP Amoco will market oil products selectively across the world; Shell is still intent on a global approach. Both BP Amoco and Shell will minimise their wholesaling activities in the retail market and expand their merchandising with ever better quality sites. In the petrochemicals sector, the companies are taking similar actions, ie concentrating on positions of strength and selling business activities with low market shares or poor profitability. Petrochemical sites will be favoured when they have access to company produced hydrocarbon feedstocks. From the analysis, it is suggested that MENA oil companies will need to consider carefully the timing of any new refinery building. The reorganisation of the major OECD-based oil companies should offer opportunities for MENA companies to secure outlets for LPG and condensates, to form marketing alliances in OECD markets and to become involved in OECD-based petrochemical businesses.

  12. Comparison of the reorganisations of BP and Shell and possible opportunities for Middle East and North African Oil companies

    International Nuclear Information System (INIS)

    Jenkins, Gilbert

    1999-01-01

    A critical analysis is provided of the recent reorganisations of the downstream and petrochemical activities of BP and Shell. BP (or BP Amoco including Arco) and Shell are preparing for the next decade anticipating the environment and changing the companies to maximise their profitability in that environment. For the oil producing countries of the Middle East and North Africa (MENA), there are lessons to be learned both from the forecasts which BP Amoco and Shell are making and from the way these companies intend to operate. BP Amoco's view of oil refining is that the surplus capacity is endemic; Shell's view is that it is transient. BP Amoco will market oil products selectively across the world; Shell is still intent on a global approach. Both BP Amoco and Shell will minimise their wholesaling activities in the retail market and expand their merchandising with ever better quality sites. In the petrochemicals sector, the companies are taking similar actions, ie concentrating on positions of strength and selling business activities with low market shares or poor profitability. Petrochemical sites will be favoured when they have access to company produced hydrocarbon feedstocks. From the analysis, it is suggested that MENA oil companies will need to consider carefully the timing of any new refinery building. The reorganisation of the major OECD-based oil companies should offer opportunities for MENA companies to secure outlets for LPG and condensates, to form marketing alliances in OECD markets and to become involved in OECD-based petrochemical businesses

  13. Oil and gas markets, companies, and technology in the 1990`s and beyond

    Energy Technology Data Exchange (ETDEWEB)

    Kennedy, J.L.

    1995-08-01

    During the late 1990`s and beyond, oil prices will be stagnant while costs increase, competition for markets and capital will be fierce, funds available for exploration and development will be limited, and environmental extremists will keep prospective areas off-limits. Higher taxes will limit growth in oil and gas demand and reapportion energy market shares. And a campaign to brand oil use as an ``addiction`` that must be cured will gather steam. But opportunities abound, too, even in the US High-quality properties are available throughout the US, independents can find and develop reserves cheaper than the majors, and new tools are available to reduce risks both in the field and in the market. Gas prices are firming and natural gas is often labeled the ``fuel of the future.`` To succeed in the petroleum industry of the 1990`s, all companies must accept change, be creative, and take initiative. To prosper, oil and gas producers and refiners and those who supply and serve the industry must face the new realities of the market. They cannot mark time until the return of 4,000 active rigs and $40/bbl oil. those days are never coming back. Never.

  14. Where in the World are Canadian Oil and Gas Companies? 2013

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

    Full Text Available Begun in 2011 as an internal research tool for the development of the Extractive Resource Governance Program, this project seeks to answer the vital question: Where in the world are Canadian oil and gas companies? To answer this question, we extract firm-level information for publicly traded Canadian companies in order to establish the location of their activities around the globe.1 The data collected in the “Where in the World” (hereafter WIW project are presented through a publicly accessible interactive world map, which allows users to explore a specific country or region over time. This map can be accessed online at http://www.policyschool.ca/research-teaching/teaching-training/ extractive-resource-governance/ergp-map/. For further information regarding the WIW project, including a comprehensive overview of the methodology, please refer to http://www.policyschool.ca/wp-content/uploads/2017/06/Where-in-theWorld-Hojjati-Horsfield-Jordison-final.pdf. In addition, summary reports of the annual data collection for the 2011 and 2012 years of analysis are also available at http://www.policyschool.ca/wp-content/uploads/2017/06/2011-Where-in-theWorld-Hojjati-Horsfield-Jordison-final.pdf and http://www.policyschool.ca/wpcontent/uploads/2017/06/2012-Where-in-the-World-Hojjati-final.pdf. This report, as in the earlier reports in this series, provides an account of emerging trends and highlights variations in the level of global activities of Canadian oil and gas companies (hereafter O&G for the 2013 year of study.2 In 2013, a total of 226 Canadian O&G companies engaged in global exploration and service activities in 99 countries worldwide. The Middle East and Europe experienced the greatest increase in the concentration of Canadian exploration and production (E&P companies. Meanwhile, the international presence of Canadian O&G service companies continued to grow in several countries, including Colombia, Mexico, and the United Kingdom. This report

  15. Strategic positioning and repositioning of oil companies in the upstream business: understanding the historical evolution of firms' strategic behavior

    International Nuclear Information System (INIS)

    Teixeira Carneiro, J.M.; Ferreira Deschamps Cavalcanti, M.A.; Dos Santos, E.M.

    1999-01-01

    This is the second article of a series whose objective is to use the analytical framework proposed by Michael Porter, from the University of Harvard, to study the global oil competition game and the competitive advantages of oil companies. The paper focuses on the historical changes in the positioning and behavior of various actors in the upstream oil industry. The authors start by describing the main oil actors and their initial strategic positioning before 1973. Then, the changes and the firm's strategic repositioning during the oil crisis in the 1970's and 1980's are analyzed. (author)

  16. Mobil positioning itself to become Canada's premier oil and gas company

    International Nuclear Information System (INIS)

    Thomas, A.

    1994-01-01

    To achieve its goal of becoming Canada's premier oil and gas company by the year 2000, Mobil Oil Canada is empowering its employees and applying appropriate technology to unlock resources and create value. Mobil produces 4.1 million m 3 of oil and natural gas liquids, 5.6 million m 3 /y of natural gas and 438,000 tonnes/y of sulfur. It also operates over 3,000 wells in western Canada and eleven gas processing plants, manages 1,700 km of pipeline, and has 33% interest in the Hibernia project on the Grand Banks. Oil lifting costs have decreased over the past three years from $3.40/bbl to $2.80/bbl and development costs are under $2/bbl. Innovative technology used to achieve high production and low costs include the use of three dimensional seismic surveys and horizontal drilling. Other techniques used at particular sites include installation of downhole injection regulators to control problems of segregation and metering between different water injection zones at the Carson Creek field, use of artificial lifts in gas wells, and a dual gas lift at the Rainbow Lake oil field. At the Lone Pine gas plant, the first Superclaus-99 sulfur recovery process was installed, reducing sulfur emissions by 60% and increasing recovery efficiency from 95% to 98%. Mobil has operated in Canada since 1940 and has made significant discoveries, including Canada's largest producing oil field, the Pembina. In 1971, Mobil discovered gas of commercial significance off the east coast and helped discover the Hibernia and Venture fields. The Hibernia project is scheduled to come on stream in 1997 and Mobil expects the economics of the project to be favorable, with a $12-13/bbl oil price needed to break even. 7 figs

  17. The use of dynamic capabilities to boost innovation in a Brazilian Chemical Company

    Directory of Open Access Journals (Sweden)

    Cristiane Froehlich

    Full Text Available Abstract Dynamic capabilities seek to explain how competitive advantages can be built in rapidly changing environments. This study aims to assess how the application of dynamic capabilities can contribute to the expansion of innovation capabilities. Data was collected on ten semi-structured interviews with executives from a chemical company, and analyzed using qualitative content analysis. Results indicate that the application of dynamic capabilities contributes to the development of innovation capabilities through the consolidation of the first dynamic capability (sensing, which fosters innovation. Sensing can be considered an organizational capability, resulting from the integration between organizational strategies and the innovation practices of the organization as a whole. This study brings the following contributions the need to include a new microfoundation in the sensing capability, which in this study is called ‘processes to manage innovation on a strategic level' and the need to adapt another microfoundation related to the sensing capability, called ‘processes oriented toward collaboration with suppliers to complement and stimulate innovations within the company'. It is suggested that these processes should be reassessed in terms of their potential to generate and complement organizational innovation.

  18. The Poisoned Chalice: Oil and Macroeconomics in Brazil (1967-2003)

    Science.gov (United States)

    Biasetto, Bruno Henz

    This dissertation analyzes the development of the Brazilian oil industry and its impact on the economic development of Brazil from the beginning of the "Brazilian Miracle" (1968-1973) to the end of the Fernando Henrique Cardoso's second term as president (1995-2002). The dissertation explores the closely intertwined nature of Brazil's oil industry and its macroeconomic development, shedding new light on the history of Petrobras (the Brazilian state oil company), and on other key topics of Brazilian economic history, including the Debt Crisis of the 1980s and the role of neoliberalism in Brazil. The argument is that oil policy shaped the national economy and the Brazilian state in this period. Attention to the oil industry, and to Petrobras in particular, was crucial to the establishment of diplomatic and economic policy, and to conflict within the Brazilian state. Finally, this dissertation seeks to illuminate Brazil's place in the global oil industry and how that has shaped Brazil's global economic standing.

  19. Identifying Challenges and Opportunities for Residents in Upernavik as Oil Companies are Making a First Entrance into Baffin Bay

    DEFF Research Database (Denmark)

    Merrild, Anne; Tejsner, Pelle

    2016-01-01

    The oil industry is making its first entrance offshore in Baffin Bay in a time where Inuit residents on the northwest coast of Greenland are struggling to uphold a traditional way of living. The operating oil companies are encouraged by the Government of Greenland to promote a high degree of loca...

  20. The oil companies in the year 2000: an analysis of their financial situation

    International Nuclear Information System (INIS)

    Cueille, J.Ph.

    2001-01-01

    The results of the oil companies in the year 2000 have been exceptionally good, due to the high prices of crude oil and the refining margins. The profits of the year rose strongly compared with those of 1999, with a capital efficiency often close to 20%. The pre-production stages (petroleum and natural gas production) are a major contribution to the results, followed from far by the downs-stream sectors, chemistry and gas-electricity. In a context of weak stock markets, the market capitalization of the companies has generally risen slightly. The growth of the financial resources has enabled the continuation of the reduction policies of indebtedness and repurchase of its own actions. However, investments have remained globally stable, the companies having anticipated a growth in the year 2000. The first semester of 2001 presents results that can be compared with those of the same period in the year 2000, yet with signs of decline at the end of the second semester. (authors)

  1. Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier

    Energy Technology Data Exchange (ETDEWEB)

    Barreau, S

    2001-11-01

    Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the aim of all these strategies was to change the relationships between the oil companies and the upstream oil and gas service firms. (author)

  2. Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier

    Energy Technology Data Exchange (ETDEWEB)

    Barreau, S

    2001-11-01

    Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the aim of all these strategies was to change the relationships between the oil companies and the upstream oil and gas service firms. (author)

  3. Comparability of Accounting Choices in Future Valuation of Investment Properties: An Analysis of Brazilian and Portuguese Listed Companies

    Directory of Open Access Journals (Sweden)

    Flaida Êmine Alves de Souza

    2015-08-01

    Full Text Available One of the main purposes for adopting the International Financial Reporting Standards (IFRS is the quest for comparability between financial statements within the same country, over time, and between different countries. IFRS have the feature of allowing accounting choices in most of their standards. However, the existence of such flexibility in the process for recognizing, measuring, and disclosing as sets and liabilities may impact on comparability. IFRS have been criticized both due to their accounting choices and the adoption of the fair value paradigm. This article examines these two issues, investigating the choice of the cost model versus the choice of the fair value model for investment properties (IPs, an option guaranteed under the terms of the International Accounting Standard (IAS 40. This research aimed to identify the comparability degree and the factors that determine the accounting choices made by managers of IPs, in Brazilian and Portuguese listed companies, within the periods from 2010 to 2012. Comparability, within and between countries, was identified by the T-index and the search for the determining factors of accounting choices made by managers was performed by means of a logistic re gression analysis. As a result, it was found that, despite the accounting choices allowed by IAS 40, there was a mean comparability between the accounting practices of firms in these countries, but showing a decrease in the index over the years. The explanatory factors identified were auditing by one of the big four (PricewaterhouseCoopers, Deloitte Touche Tohmatsu, KPMG, or Ernst & Young, companies' indeb tedness, relative importance of IPs' balance, net profit, and less experience of Brazil in using the fair value method to appraise IPs.

  4. Risk of WMSDs in monofunctional and multifunctional workers in a Brazilian footwear company

    Directory of Open Access Journals (Sweden)

    Wilza Karla dos Santos Leite

    Full Text Available Abstract This study aimed to analyze the risk of musculoskeletal disorders in monofunctional and multifunctional workers in a footwear company. The sample comprised 114 workers in the shoe production sector. The method Occupational Repetitive Actions was used to assess the risk of work-related musculoskeletal disorders (WMSDs. Proportional odds models were constructed, relating the risk of WMSDs to the type of work and the worker’s level of multifunctionality. For monofunctional workers, exposure to the higher risk was related to cycle time and the technical actions within their activities, whereas for multifunctional workers, it was related to the range of motion, use of gloves and precision needed in activities. For monofunctional workers, greater risks were associated with a short activity cycle, whereas for multifunctional workers, they were associated with complementary and organizational factors. Moreover, workers whose intracellular activities were less than 30% of the total appeared to be less exposed to the risk of WMSDs.

  5. Cognitive ergonomics: the use of mind mapping tool in maintaining productive sector of a Brazilian paper company.

    Science.gov (United States)

    Mattos, Diego; Mateus, José Roberto; Merino, Eugenio

    2012-01-01

    The use of mind maps as a method of building knowledge, planning, organizing activities and ideas can be seen in the literature related to ergonomics. The results of such use are relevant and its use in academic area found. However, regarding to its use in industrial environments, studies can't not be found. With this scenario, and based on the perception of the ergonomist about the importance of using methods such as mind maps in support of human cognition, it seems pertinent to its use in industry sectors whose cognitive demand requires. Given these assumptions, this study aimed to apply the method of Mind Maps in Productive Maintenance sector of a Brazilian paper. The Productive Maintenance sector in the Paper Industry has an important contribution to operational performance. With practical Predictive Maintenance, Preventive Maintenance and Corrective Maintenance, the industry advocates to make the machines to produce paper is not to stop producing when they are programmed to do so. Among the practices cited, the Preventive Maintenance is one that leads to pre-determined intervals in order to reduce the possibility of placing the equipment in a condition below the required level of acceptance. Therefore, this article aims to propose using the tool "mental maps" in order to collaborate in planning and implementation of preventive maintenance activities in the sector of mechanical maintenance of a pulp and paper industry in southern Brazil. The study investigated the maintenance sector through its employees, who went through training about the tool and then use it and ergonomists company.

  6. Excess control rights: a study about its reflex on the cost of debt of publicly traded Brazilian companies

    Directory of Open Access Journals (Sweden)

    Jonatan Marlon Konraht

    2016-08-01

    Full Text Available This study analyzes the effect of excess control on the cost of debt in publicly traded Brazilian companies. Its objective is to determine whether a higher misalignment between voting rights and cash flow rights held by controlling shareholder causes an increase in agency cost of debt. For the analysis of the research problem, it was used panel data regression with random effects, in which was compared the level of excess control and the firms cost of debt. The results indicate that there is a positive and statistically significant association between excess control and the cost of debt. This suggests that creditors interpret this misalignment as a control entrenchment, which increases the credit risk, and thereby, increases the cost of debt. From the scientific point of view, the contribution to the literature provided by this study is the finding that ownership structure bears an impact in the creditor perceptions of risk, and thus, the cost of debt. These results can assist in developing actions to reduce the cost of debt, which implies the maximization of the economic performance of firms that have third-party capital in its capital structure. Its social contribution is the distinction of the firms exposed to a higher level of cost of debt, identifying ways to maximize resources, that is a relevant aspect especially in times of crisis whose effects can be very varied, such as bankruptcies, massive layoffs and default.

  7. Exploring the Linkages Between Deming’s Principle, World-Class Company, Operational Excellence, and Company Performance in an Oil and Gas Industry Setting

    Directory of Open Access Journals (Sweden)

    Wakhid Slamet Ciptono

    2005-06-01

    Full Text Available This study explores the linkages between Deming’s Principle, World-Class Company, Operational Excellence, and Company Performance in the Indonesia’s oil and gas industry. The aim of this study is to examine the causal relationships model between the Deming’s Principle (DP, World-Class Company (WCC, Operational Excellence (OE, and Company Performance (Monetary Gain Performance or MGP and Value Gain Performance or VGP. The author used 140 strategic business units (SBUs in 49 oil and gas companies in Indonesia. The survey was administered to every level of management at each SBU (Top, Middle, and Low Level Management. A multiple informant sampling unit is used to ensure a balanced view of the relationships between the research constructs, and to collect data from the most informed respondents on different levels of management. A total of 1,332 individual usable questionnaires were returned thus qualified for analysis, representing an effective response rate of 50.19 percent. Path analysis and structural equation modeling (SEM are used to analyze the effect of Deming’s principle on company performance and to investigate the interrelationships between Deming’s principle, world-class company, operational excellence, and company performance. The results show that Deming’s Principle has significant positive and indirect effect on company performance (monetary gain performance and value gain performance. Although the Deming’s Principle has no significant direct effects on company performance, the Deming’s Principle has significant positive effects on the intervening variables (world-class company and operational excellence. The result also shows that a complete model fit and the acceptable parameter level that indicate the overall parameter are good fit between the hypothesized model and the observed data. By concentrating on a single industry (oil and gas, SEM specification of the causal relationship model between five constructs can be

  8. Relation of sulfur with hydrocarbons in Brazilian heavy and extra-heavy crude oil; Relacao do enxofre com os hidrocarbonetos em petroleos pesados e extra pesados brasileiros

    Energy Technology Data Exchange (ETDEWEB)

    Iorio, Sonia Maria Badaro Mangueira; Guimaraes, Regina Celia Lourenco; Silva, Maria do Socorro A. Justo da [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil); Costa, Alexander Vinicius Moraes da [Fundacao Gorceix, Ouro Preto, MG (Brazil)

    2008-07-01

    As the occurrence of heavy and extra-heavy oils increases sensitively, their participation in the refineries feeding also becomes greater. Heavy oils usually have lower price than a light one, because they produce lower quality derivatives and it's more difficult to meet the specifications. Crude oils are a complex mixture, mostly compounded by carbon and hydrogen and also by impurities like sulfur, nitrogen, oxygen and metals. Sulfur is the third most abundant component of crude oils, following carbon and hydrogen. In general there is a strong positive correlation between the concentrations of polar compounds (aromatics, resins and asphaltenes), and the sulfur content. This work presents graphically sulfur content and polar compounds concentrations for Brazilian and foreign heavy and extra-heavy oils (< 20 deg API). The results of the data analysis indicate that Brazilian crude oils behave differently from foreign heavy and extra-heavy oils. (author)

  9. Social Conflicts Between Oil-Palm Plantation Company and Indigenous People in Jambi Province

    Directory of Open Access Journals (Sweden)

    Dewi Nilakrisna

    2016-05-01

    The study results showed that the implementation of the large scale oil-palm plantation development policy, has caused approximately 1/3 area of Batang Hari Regency was controlled by the private companies and give negative impacts to almost 3.000 peoples of SAD Batin 9 community. They have been evicted, marginalized and face the uncertainty rights to the land. The implementation of oil palm plantation development policy without take a no tice to the existing social environmental condition has deny the indigenous people existence. It has stimulated some contradiction to the injustice government policy. Therefore this research recommends the government to consider about the social and environmental impacts before issued any policy in order to protect the social justice for all citizens.

  10. An assessment of the radiation protection programme within a major multi-national oil service company

    International Nuclear Information System (INIS)

    Nelis, P.; Simpkin, P.; Christie, K.

    2002-01-01

    In this paper we are going to look at the radiation protection programme which has been developed within one of the corporation's newer operating divisions, Baker Hughes INTEQ, which is a major supplier of drilling and real-time formation evaluation services. These enable the company to steer and drill complex wells, in the most challenging down-hole environments, into multiple target zones in oil and gas reservoirs. We will focus here on INTEQ's measurement while drilling or MWD services. These provide precise well navigation information and evaluation of the formation being drilled through, in real time, to the rig operators. Prior to the development of MWD technology, such information could only be obtained by lowering equipment into the hole after the drill had been removed, using wireline logging techniques. MWD tools carrying radioactive sources, commonly known in the oil field, albeit incorrectly, as nuclear tools, provide information on the density and porosity of the underground formation being drilled through

  11. Competition between Chinese and Indian Oil & Gas Companies and its Implications for Sino-Indian Bilateral Relations

    Directory of Open Access Journals (Sweden)

    V V Shikin

    2015-12-01

    Full Text Available This article concerns overseas oil & gas assets acquisitions made by Chinese and Indian national oil companies (NOCs within the last two decades. The paper analyzes whether these companies pursue commercial interests of their shareholders or political will of national governments. To answer this question the author examines Chinese and Indian corporations’ organization and ownership structure foundations of which were laid in the 1990s when both countries’ energy sectors faced structural reforms resulted in transforming archaic governmental organizations into modern competitive state-owned corporations that could compete with the leading Western oil and gas companies. The article also scrutinizes competition between Chinese and Indian companies so as to find out if it is able to affect political relations between Beijing and Delhi, exacerbates existing conflicts or cause the emergence of the new ones. To address this issue the author analyzes some cases of Sino-Indian clash of energy interests in different regions of the world.

  12. Carotenoid composition in oils obtained from palm fruits from the Brazilian Amazon

    Directory of Open Access Journals (Sweden)

    Santos, M. F.G.

    2015-09-01

    Full Text Available The oils obtained from native palm fruits are considered new sources of high added value phytochemicals, making it necessary to know the composition of the less studied species in order to evaluate their economic potential. The objective of this study is to identify and quantify the arotenoids in palm fruit oils from the Brazilian Amazon: bacaba (Oenocarpus bacaba, buriti (Mauritia flexuosa, inajá (Maximiliana maripa, pupunha (Bactris gasipaes and tucumã (Astrocaryum vulgare, by means of liquid phase extraction and HPLC-UV-vis. analysis. The results showed an extremely variable carotenoid content, from 13 mg·kg−1 in bacaba oil to more than 1000 mg·kg−1 in the tucumã one. The oils obtained from buriti, pupunha and tucumã displayed high concentrations of ß-carotene, corresponding to fruits with the series ß, ß dominant metabolism. Upon analyzing the carotenoid profile in bacaba oil for the first time, an extraordinary dominance of the ß, ε pathway was observed, proving them to be oils with high lutein and α-carotene contents. Although the ß, ß pathway dominates in inajá oil, the exclusive and high lycopene content implies that LCY-E is barely active in these fruits, in contrast to what has been evidenced so far. It is therefore of the utmost importance to characterize these new potential sources of carotenoids.Los aceites obtenidos a partir de frutos de palmeras nativas son considerados nuevas fuentes de fitoquímicos con alto valor añadido siendo necesario conocer la composición de las especies menos exploradas para evaluar su potencial económico. El objetivo de este estudio es identificar y cuantificar los carotenoides en aceites defrutos de palmeras provenientes de la Amazonia Brasileña: bacaba (Oenocarpus bacaba, uriti (Mauritia flexuosa, inajá (Maximiliana maripa, pupunha (Bactris gasipaes y tucumã (Astrocaryum vulgare, mediante extracción líquido:líquido y análisis por HPLC UV-vis. Los resultados mostraron un

  13. Remediation plan for contaminated areas by naturally occurring radioactivity materials in Syrian Petroleum Company oil fields

    International Nuclear Information System (INIS)

    Shweikani, R.; Al-Masri, M. S.; Awad, I.

    2006-01-01

    The present report contains a detailed plan for remediation of areas contaminated with naturally occurring radioactive materials in the syrian Petroleum Company Oil fields. This plan includes a description of the contaminated areas and the procedures that will be followed before and during the execution of the project in addition to the final radiation surveys according to the Syrian regulations. In addition, responsibilities of the main personnel who will carry out the work have been defined and the future monitoring program of the remediated areas was determined. (author)

  14. Relationships between state owned enterprises and western oil companies : from contracts to cooperation

    International Nuclear Information System (INIS)

    Bourgeois, B.

    1994-01-01

    The ''cooperation'' term has become one of the most ambiguous in everyday life. A first step is to make a distinction between simple contractual agreements and more demanding cooperation relationships. On the history of relations between state owned enterprises and western oil companies, that leads us to the three following periods : 1) from 1970 to 1985 contractual agreements are defined under the nationalization requirements, 2) from 1982 to 1994 new contracts are tested, 3) in the end of the 1990's decade perspectives and stakes of cooperation are discussed in a world of a commercial growing interdependence. (Author). 23 refs., 1 fig., 4 tabs

  15. Remediation plan for contaminated areas by naturally occurring radioactivity materials in Syrian petroleum company oil fields

    International Nuclear Information System (INIS)

    Shwekani, R.; Al-Masri, M.S.; Awad, I.

    2005-08-01

    The present report contains a detailed plan for remediation of areas contaminated with naturally occurring radioactive materials in the Syrian petroleum company oil fields. This plan includes a description of the contaminated areas and the procedures that will be followed before and during the execution of the project in addition to the final radiation surveys according to the Syrian regulations. In addition, responsibilities of the main personnel who will carry out the work have been defined and the future monitoring program of the remediated areas was determined. (author)

  16. Location and allocation decision for supply chain network of Cajeput oil (Case in XYZ company)

    Science.gov (United States)

    Mahardika, F. A.; Hisjam, M.; Widodo, B.; Kurniawan, B.

    2017-11-01

    Cajeput oil is a very promising business. And now, the fulfillment of Cajeput oil in Indonesia is still lacking. It's because the rate of production Cajeput leaves in Indonesia is still low. In Indonesia, XYZ company manages forests in 7 regions. XYZ currently are developing Cajeput oil business. XYZ is currently doing business productivity improvement of Cajeput by planting Cajeput trees in Location 3, Sragen. Besides the Cajeput trees planting program, XYZ plan to do the construction distillery Cajeput leaves. The purpose of the research in this paper is to minimize the total cost of the supply chain network of Cajeput oil in XYZ and to determine whether the construction of a Cajeput distillery should be done or not. This paper uses mixed integer linear programming to make matemathical models. To minimize the total cost, used IBM® ILOG®CPLEX software. From IBM® ILOG®CPLEX software. From the calculation ILOG®CPLEX IBM® software can be seen that the minimum total cost would be obtained if XYZ opened a new distillery with a capacity of 25000kg and a new factory with a capacity of 10000kg. Besides all the truck owned can be used entirely at optimal capacity. And the total cost from IBM® ILOG®CPLEX is IDR 113,406,250.

  17. The Management of the Competitive Differentiation of Companies that Supply Electromechanical Equipments for the Oil Industry

    Directory of Open Access Journals (Sweden)

    I. C. Rada

    2009-05-01

    Full Text Available Let us assume that the supplier ofelectromechanical devices for the oil industry hasalready selected its target market. When it is the onlysupplier for that market, it will be able to sell at a pricethat would bring it considerable profit. If the price istoo high and there are no entering barriers forcompetitors, the latter will penetrate the market andcause a lowering of the prices for theelectromechanical devices. When the same market isprovided by companies that produce non-differentiateddevices, buyers will choose the company that sells atthe lowest price. Consequently, the other companieswill have to lower the price as well. The onlyalternative for the supplier oil electromechanicaldevices is to differentiate its offer. If this action issuccessful, it will be able to practice a higher price,due to the superior quality that is being offered. Thereare four ways of defining an offer: the agent that sellsoil products can create value by offering products thatare [1]:- Better - the offer can better satisfy the needs ofcustomers than that of competitors, whichusually involves at least a minimumimprovement of the electromechanical device:- Newer – providing a solution that does not existso far, which implies a higher risk than in thesituation mentioned above, but can bring ahigher profit- Faster - the delivery time for anelectromechanical device is reduced- Cheaper – the product is identical with thatoffered by competitors, but the price is lower

  18. Global brain storming : oil companies increasingly tap collective intelligence to overcome technology hurdles

    Energy Technology Data Exchange (ETDEWEB)

    Smith, M.

    2009-04-15

    This article described a novel exploration approach that Toronto-based Goldcorp Inc. took a decade ago when it placed its geological data on the web for a mass collaboration effort among the global community of geologists to identify potential drilling sites. The move resulted in the identification of 110 targets, of which half were entirely new to Goldcorp, and of which four in five struck considerable quantities of gold. The article emphasized that the computer network offers a power that has not yet been fully tapped. It described other companies that have followed suite in finding solutions to proprietary challenges, including Schlumberger, Deloro Resources Ltd., Electro-Petroleum Inc., and Proctor and Gamble Inc. among others. The Web 2.0, which serves as a platform for a range of applications, can also be used for open-source science or global brainstorming. While the idea of open innovation was a novelty a year or two ago, it has now become a necessity. InnoCentive solved a long-standing oil spill problem when a chemist from the web with no ties to the oil industry suggested a way to handle the spill. The Cordova, Alaska-based Oil Spill Recovery Institute has also sought solutions for oil spills and novel boom designs. It was concluded that at a time when research and development budgets in the petroleum industry are being cut, open innovation facilitators stand to benefit. This cross-industry collaboration does not involve geoscientists alone. Rather, it includes people from completely different fields of expertise, experience or education who can add to the real issues that the oil industry needs to address and change. 1 ref.

  19. Chemical composition, immunostimulatory, cytotoxic and antiparasitic activities of the essential oil from Brazilian red propolis.

    Science.gov (United States)

    Sena-Lopes, Ângela; Bezerra, Francisco Silvestre Brilhante; das Neves, Raquel Nascimento; de Pinho, Rodrigo Barros; Silva, Mara Thais de Oliveira; Savegnago, Lucielli; Collares, Tiago; Seixas, Fabiana; Begnini, Karine; Henriques, João Antonio Pêgas; Ely, Mariana Roesch; Rufatto, Luciane C; Moura, Sidnei; Barcellos, Thiago; Padilha, Francine; Dellagostin, Odir; Borsuk, Sibele

    2018-01-01

    Most studies of Brazilian red propolis have explored the composition and biological properties of its ethanolic extracts. In this work, we chemically extracted and characterized the essential oil of Brazilian red propolis (EOP) and assessed its adjuvant, antiparasitic and cytotoxic activities. The chemical composition of EOP was analyzed using gas chromatography with mass spectrometry (GC-MS). EOP was tested for in vitro activity against Trichomonas vaginalis (ATCC 30236 isolate); trophozoites were treated with different concentrations of EOP (ranging from 25 to 500 μg/mL) in order to establish the MIC and IC50 values. A cytotoxicity assay was performed in CHO-K1 cells submitted to different EOP concentrations. BALB/c mice were used to test the adjuvant effect of EOP. The animals were divided in 3 groups and inoculated as follows: 0.4 ng/kg BW EOP (G1); 50 μg of rCP40 protein (G2); or a combination of 0.4 ng/kg BW EOP and 50 μg of rCP40 (G3). Total IgG, IgG1 and IgG2a levels were assessed by ELISA. The major constituent compounds of EOP were methyl eugenol (13.1%), (E)-β-farnesene (2.50%), and δ-amorphene (2.3%). Exposure to EOP inhibited the growth of T. vaginalis, with an IC50 value of 100 μg/mL of EOP. An EOP concentration of 500 μg/mL was able to kill 100% of the T. vaginalis trophozoites. The EOP kinetic growth curve showed a 36% decrease in trophozoite growth after a 12 h exposure to 500 μg/mL of EOP, while complete parasite death was induced at 24 h. With regard to CHO-K1 cells, the CC50 was 266 μg/mL, and 92% cytotoxicity was observed after exposure to 500 μg/mL of EOP. Otherwise, a concentration of 200 μg/mL of EOP was able to reduce parasite proliferation by 70% and was not cytotoxic to CHO-K1 cells. As an adjuvant, a synergistic effect was observed when EOP was combined with the rCP40 protein (G3) in comparison to the administration of each component alone (G1 and G2), resulting in higher concentrations of IgG, IgG1 and IgG2a. EOP is

  20. Chemical composition, immunostimulatory, cytotoxic and antiparasitic activities of the essential oil from Brazilian red propolis.

    Directory of Open Access Journals (Sweden)

    Ângela Sena-Lopes

    Full Text Available Most studies of Brazilian red propolis have explored the composition and biological properties of its ethanolic extracts. In this work, we chemically extracted and characterized the essential oil of Brazilian red propolis (EOP and assessed its adjuvant, antiparasitic and cytotoxic activities. The chemical composition of EOP was analyzed using gas chromatography with mass spectrometry (GC-MS. EOP was tested for in vitro activity against Trichomonas vaginalis (ATCC 30236 isolate; trophozoites were treated with different concentrations of EOP (ranging from 25 to 500 μg/mL in order to establish the MIC and IC50 values. A cytotoxicity assay was performed in CHO-K1 cells submitted to different EOP concentrations. BALB/c mice were used to test the adjuvant effect of EOP. The animals were divided in 3 groups and inoculated as follows: 0.4 ng/kg BW EOP (G1; 50 μg of rCP40 protein (G2; or a combination of 0.4 ng/kg BW EOP and 50 μg of rCP40 (G3. Total IgG, IgG1 and IgG2a levels were assessed by ELISA. The major constituent compounds of EOP were methyl eugenol (13.1%, (E-β-farnesene (2.50%, and δ-amorphene (2.3%. Exposure to EOP inhibited the growth of T. vaginalis, with an IC50 value of 100 μg/mL of EOP. An EOP concentration of 500 μg/mL was able to kill 100% of the T. vaginalis trophozoites. The EOP kinetic growth curve showed a 36% decrease in trophozoite growth after a 12 h exposure to 500 μg/mL of EOP, while complete parasite death was induced at 24 h. With regard to CHO-K1 cells, the CC50 was 266 μg/mL, and 92% cytotoxicity was observed after exposure to 500 μg/mL of EOP. Otherwise, a concentration of 200 μg/mL of EOP was able to reduce parasite proliferation by 70% and was not cytotoxic to CHO-K1 cells. As an adjuvant, a synergistic effect was observed when EOP was combined with the rCP40 protein (G3 in comparison to the administration of each component alone (G1 and G2, resulting in higher concentrations of IgG, IgG1 and IgG2a. EOP is

  1. Strategies for Industry Internationalization Brazilian Pulp and Paper the Perspective of Eclectic Paradigm: A Case Study of Pulp and Paper Company Suzano

    Directory of Open Access Journals (Sweden)

    Mayra Batista Bitencourt Fagundes

    2012-12-01

    Full Text Available This article aims to analyze the process of internationalization of the Brazilian pulp and paper. This analysis has an economic bias, basing on the model of internationalization of Eclectic Paradigm of Dunning (1980 in order to identify the internationalization strategies, as well as the key drivers that have enabled reach new markets. We adopted a qualitative methodology, developed through a case study in the company Suzano, a Brazilian company, a global leader in the pulp and paper industry, with a strong presence in the international market. The data were obtained from literature searches, statistics, press releases and official documents of the company. For the treatment of these was used to pattern matching techniques, which enabled contrast them with the theory selected. The results revealed that Suzano differentiated adopted guidelines for the marketing of paper and pulp. The paper is intended primarily for the domestic market, whereas most of the pulp produced is intended to international trade. The company went international for having, according to the Eclectic Paradigm, the advantages of ownership and internalization over their competitors. The strategies used consists in finding markets (market seeking, search efficiency (efficiency seeking and search for strategic assets (strategic asset seeking. We conclude that the theory is Eclectic Paradigm in an appropriate tool for analyzing the internationalization process of the pulp and paper industries.

  2. Global Job Opportunities with a ``Super-Major'' Oil and Gas Company

    Science.gov (United States)

    Baranovic, M. J.

    2001-12-01

    Shell International Exploration and Production Company is one of the world's largest private employers of geoscientists with approximately 1500 geophysicists and geologists employed worldwide. The companies of the Royal Dutch/Shell Group together produce, process, and deliver energy to consumers. Operating across the globe, in more than 130 countries and with more than 100,000 staff, Shell companies are guided by values developed over more than a century of successful enterprise. Responsibilities and Career Path - As a processing or research Geophysicist, you will use proprietary methods to prepare 2D and 3D seismic data volumes for the direct detection of hydrocarbons, the delineation of reservoirs or to define the stratigraphic and structural framework of the subsurface. As an exploration or development Geophysicist, your business will be finding commercially viable oil and gas reserves by using 3D seismic acquisition, processing, and interpretation techniques. Your advanced geological models of the subsurface will drive drilling proposals, optimizing appraisal of hydrocarbon resources. As a production or surveillance geophysicist, your 4D seismic interpretations and geological models will drive drilling proposals and optimize the production and depletion of existing oil and gas accumulations. Up to seven steps in the technical career ladder are possible. Team leader and management candidates are chosen from Shell's technical workforce based on technical and business acumen demonstrated on the job. Projects - Geophysicists work as part of multi-disciplinary teams on projects that typically last from 18 to 36 months. Teams are responsible for projects that may vary from \\$1 million to hundreds of millions in scope. Accountability and responsibility varies according to individual experience level and team structure. Lifestyle - Geophysicists are mainly office-based, with business travel requirements rarely exceeding 2 weeks per event. In the U.S., Shell allows

  3. Benefit-Sharing Arrangements between Oil Companies and Indigenous People in Russian Northern Regions

    Directory of Open Access Journals (Sweden)

    Svetlana Tulaeva

    2017-07-01

    Full Text Available This research provides an insight into various modes of benefit-sharing agreements between oil and gas companies and indigenous people in Russia’s northern regions, e.g., paternalism, corporate social responsibility, and partnership. The paper examines factors that influence benefit-sharing arrangements, such as regional specifics, dependency on international investors, corporate policies, and the level of local community organization. It analyses which instruments of benefit-sharing are most favourable, and why, for indigenous communities. The authors conducted research in three regions of Russia (Nenets Autonomous Okrug; Khanty-Mansi Autonomous Okrug, and Sakhalin by using qualitative methodology that involved semi-structured interviews, participant observation, and document analysis. Theoretically, the paper builds on the concept of benefit-sharing arrangements combined with the social equity framework. We assessed each case study in terms of procedural and distributive equity in benefit-sharing. The paper demonstrates that the procedural equity is the highest in the partnership mode of benefit-sharing on the island of Sakhalin where companies implement globally-accepted standards recognized by investment banks. The cases in Nenets Autonomous Okrug and Khanti Mansi Autonomous Okrug represent a reset of Soviet practices on a market basis, but whereas the distributional equity may be sufficient, the procedural equity is low as decisions are made by the company in concord with regional authorities.

  4. The Impact of Foreign Investment Restrictions on the Stock Returns of Oil Sands Companies

    Directory of Open Access Journals (Sweden)

    Eugene Beaulieu

    2014-06-01

    Full Text Available In December 2012, prompted by the proposed purchase of Nexen by the Chinese SOE CNOOC, the federal government announced revised guidelines for investments by state-owned enterprises (SOEs in the oil sands. Declaring the sale marked “the end of a trend and not the beginning of a trend,” Prime Minister Stephen Harper explained how the government would approach such decisions in the future, including placing the onus on foreign investors to demonstrate how deals would be of net benefit to Canada, as well as granting the industry minister the discretion to accept or deny proposed deals. Accounting for five per cent of Canadian GDP, $28 billion in government revenue and three per cent of all jobs nationwide, the oil sands are an integral component of Canada’s economy. The sector has long relied on foreign capital to finance projects, meaning that any move to deter outside investment could have profound consequences for the development of this critical economic asset. In this paper, the authors examine the impact of this policy change by measuring the stock returns of firms operating in the oil sands. Employing an event study analysis, they find empirical evidence that the government’s policy change has resulted in the material destruction of shareholder wealth, particularly in the case of the smaller oil companies. What is more, given the composition of the global oil industry has changed to one where SOEs dominate both reserves and production, is this a policy Canada can afford in the long term? “When we say that Canada is open for business, we do not mean that Canada is for sale to foreign governments.” - Prime Minister Stephen Harper, December 7, 2012 “…going forward, the [industry] minister will find the acquisition of control of a Canadian oil-sands business by a state-owned enterprise to be of net benefit, only in an exceptional circumstance.” - Prime Minister Stephen Harper, December 7, 2012 “A year after the new Investment

  5. Essential Oils from Leaves of Medicinal Plants of Brazilian Flora: Chemical Composition and Activity against Candida Species

    Directory of Open Access Journals (Sweden)

    Maria da Conceição Mendes Ferreira da Costa

    2017-05-01

    Full Text Available Background: The biotechnological potential of medicinal plants from Brazilian Caatinga and the Atlantic Forest has not been extensively studied. Thus, screening programs are important in prospecting for compounds for developing new drugs. The purpose of this study was to determine the chemical composition and to evaluate the anti-Candida activity of essential oils from leaves of Hymenaea courbaril var. courbaril, Myroxylon peruiferum, and Vismia guianensis. Methods: The oils were extracted through hydrodistillation and their chemical compositions were analyzed by gas chromatography coupled with mass spectrometry. Antifungal activity against C. albicans, C. tropicalis, C. parapsilosis, C. glabrata, and C. krusei was evaluated by determining the minimal inhibitory (MIC and fungicidal (MFC concentrations. Results: The major compounds of the oils were caryophyllene oxide and trans-caryophyllene for H. courbaril; spathulenol, α-pinene, and caryophyllene oxide for M. peruiferum; and caryophyllene oxide and humulene epoxide II for V. guianensis oil. The oils showed antifungal activity against all the strains tested, and the MIC values ranged between 0.625 and 1.25 μL/mL and MFC from 0.625 to 2.5 μL/mL. Conclusion: The essential oils from the species studied have the potential to be evaluated as clinical applications in the treatment of candidiasis.

  6. Chemical Composition and Larvicidal Activity of Essential Oils Extracted from Brazilian Legal Amazon Plants against Aedes aegypti L. (Diptera: Culicidae

    Directory of Open Access Journals (Sweden)

    Clarice Noleto Dias

    2015-01-01

    Full Text Available The mosquito Aedes aegypti L. (Diptera: Culicidae is the major vector of dengue and chikungunya fever. The lack of effective therapies and vaccines for these diseases highlights the need for alternative strategies to control the spread of virus. Therefore, this study investigated the larvicidal potential of essential oils from common plant species obtained from the Chapada das Mesas National Park, Brazil, against third instar A. aegypti larvae. The chemical composition of these oils was determined by gas chromatography coupled to mass spectrometry. The essential oils of Eugenia piauhiensis Vellaff., Myrcia erythroxylon O. Berg, Psidium myrsinites DC., and Siparuna camporum (Tul. A. DC. were observed to be mainly composed of sesquiterpene hydrocarbons. The essential oil of Lippia gracilis Schauer was composed of oxygenated monoterpenes. Four of the five tested oils were effective against the A. aegypti larvae, with the lethal concentration (LC50 ranging from 230 to 292 mg/L after 24 h of exposure. Overall, this work demonstrated the possibility of developing larvicidal products against A. aegypti by using essential oils from the flora of the Brazilian Legal Amazon. This in turn demonstrates the potential of using natural resources for the control of disease vectors.

  7. Falling R and D but stable investments by oil companies, why? A study on R and D and investment in fixed assets in the oil industry

    International Nuclear Information System (INIS)

    Creusen, H.; Minne, B.

    2000-04-01

    In the last decade the world-wide research expenditures of the major oil companies have dropped. This is remarkable since their investments in fixed assets remained stable. This study reveals that the level of fixed investments particularly depend on their financial strength, while R and D mainly relates to competitors' research and common expectations. The decline in R and D is initiated by common expectations. In the mature oil industry, companies foresee diminishing research potential within the current technology. This is also confirmed by the declining number of patent applications. The high risks of research on renewable energy may lead to wait and see behaviour instead of new research initiatives. Actually, oil companies have hardly applied for patents on renewable energy. The R and D decline is intensified by a dwindling R and D-race, which is due to a large overlap in research topics. The companies protect their research results because they largely compete on their unique technologies which embody their research results. The research overlap appears from patents: the oil companies apply for patents in exactly the same patent classes. 19 refs

  8. Company maturity models: Application to supplier development program in oil&gas sector

    Directory of Open Access Journals (Sweden)

    Jabier Retegi Albisua

    2018-04-01

    Full Text Available Purpose: In order to achieve excellence, outsourced maintenance contractors in Oil&Gas sector play a key role due to the important impact of their task on security, availability and energy consumption. This paper presents the process followed in order to implement a Supplier Development Program in a refinery using Company Maturity Model (CoMM and the results obtained in three cases validating the method to obtain a strategic improvement project medium term grid. Design/methodology/approach: The methodology followed consists of constructing a CoMM capturing the knowledge existing in the refinery and applying it with three supplier improvement teams. Findings and conclusions have arised through an observation of the three processes and extracting common conclusions. Findings: The resulting CoMM has been used for self-assessment by three suppliers and has demonstrated its potential to define a medium-term improvement project road map validated by the customer. Furthermore, during the design and application processes, the contribution of CoMMs to the SECI process of knowledge management has been observed. Practical implications: The use of CoMMs in a service contractor context can be applied in other sectors. It contributes to alignment of targets between the supplier and customer companies and to knowledge sharing inside both firms. Originality/value: Maturity models in many transversal fields (CMMI, EFQM, BPMM, PEMM, etc. have been thoroughly studied in the literature. Less effort has been made analysing the case of using maturity models constructed and implemented by a company for its specific purposes. In this paper, the process followed by a company to establish a Supplier Development Process using CoMMs is described.

  9. An Examination of Strategic Philanthropy and CSR Communication Patterns among the World’s Twenty-One Largest Oil Companies

    Directory of Open Access Journals (Sweden)

    J. Brad Gatlin

    2013-07-01

    Full Text Available Fortune Magazine’s 2012 list of 100 largest companies included 21 oil companies. This paper seeks to discern patterns of those 21 companies’ philanthropic efforts and communication thereof. Specifically, the paper will consider issues such as ownership (all companies were either publicly-traded or state-owned, the economic development of the home country, and the citizens’ expectations of corporate citizens. The philanthropic efforts of all 21 companies are discussed in the context of Porter and Kramer’s (2001 framework of the competitive context It is concluded that the oil industry is particularly well-suited to affect factor and, to a lesser extent, demand conditions, through philanthropic efforts. A model for classifying the philanthropic based on ownership and country conditions is proposed, and suggestions for further research are made.

  10. Profitability and taxation in the UKCS oil and gas industry: analysing the distribution of rewards between company and country

    International Nuclear Information System (INIS)

    Rutledge, Ian; Wright, Philip

    1998-01-01

    Against the background of record levels of UK hydrocarbon production and a government review of the UKCS tax regime, this paper provides evidence that the government's share of UKCS profits is very low by historical and international standards and demonstrates that the current tax regime is extremely weak. The justification for the latter is the challenged by assessing the relative profitability of UKCS companies, using data from UK national accounts and from Form 10-K and Form 20-F company reports and analysing both accounting profits and forecast discounted cash flow. This shows that companies operating on the UKCS enjoy substantially higher profitability relative to both other UK companies and other oil and gas provinces elsewhere in the world. Further evidence of the weakness of the UK regime is provided by a comparison with the Norwegian oil and gas tax regime. The paper therefore makes a strong case for the reform of the UKCS tax regime. (Author)

  11. Treatment of Oily Wastewater Produced From Old Processing Plant of North Oil Company

    Directory of Open Access Journals (Sweden)

    Dr. Faris Hammoodi Al-Ani

    2012-03-01

    Full Text Available The main objectives of this research were to study and analyses oily wastewater characteristics originating from old-processing plant of North Oil Company and to find a suitable and simple method to treat the waste so it can be disposed off safely. The work consists of two stages; the first was the study of oily wastewater characteristics and its negative impacts. The results indicated that oil and grease were the most dominant pollutant with concentration range between 1069 – 3269.3 mg/l that must be removed; other pollutants were found to be within Iraqi and EPA standards. The next stage was the use of these characteristics to choose the proper technology to treat that wastewater. This stage was divided into two stages: the first stage was a jar tests to find the optimum doses of alum, lime and powdered activated carbon (PAC. The second stage was the treatment by a batch pilot plant constructed for this purpose employing the optimum doses as determined from the first stage to treat the waste using a flotation unit followed by a filtration-adsorption unit. The removal efficiencies of flotation unit for oil and grease, COD, and T.S.S found to be 0.9789, 0.974, and 0.9933, respectively, while the removal efficiency for T.D.S was very low 0.0293. From filtration – adsorption column the removal efficiencies of oil and grease, T.D.S, COD, and T.S.S were found to be 0.9486, 0.8908, 0.6870, and 0.7815, respectively. The overall removal efficiencies of pilot plant were 0.9986, 0.8939, 0.9921, and 0.9950, respectively. The results indicated that this type of treatment was the simplest and most effective method that can be used to treat produced oily wastewater before disposal

  12. Calculation of economic viability and environmental costs of biomass from dende oil for small communities of Brazilian northeast region

    International Nuclear Information System (INIS)

    Stecher, Luiza C.; Pacheco, Rafael R.; Sabundjian, Gaiane

    2015-01-01

    The current environmental problems caused by human activity has been gaining attention in society, i.e., as it has influenced in the growth and development of the global economic. The availability of energy resources is central point to economic development and the generation of energy is responsible for a significant portion of the emissions causing the greenhouse effect nowadays. The Brazil, a developing country, still has a large number of people without access to electricity, which affects the quality of life of individuals. In this context, it should think in the sustainable economic development, so the alternative energy sources emerge as an option for power generation. Can highlight biomass as a source in the Brazilian scenario by its wide availability and variety. Therefore, the objective of this work is to estimate the economic viability of the decentralized generation of electricity based on the use of biomass from dende oil in small communities in the Brazilian Northeast considering the environmental costs involved for the source in question. The methodology is based on economic concepts and economic evaluation of environmental resources. The biomass from dende oil was adopted in this work by its characteristics and availability in the studied region. The results show that the generation of energy by biomass from dende oil, it will contribute significantly to the sustainable development of the region, already that it will bring gains environmental, social and financial to society. (author)

  13. Calculation of economic viability and environmental costs of biomass from dende oil for small communities of Brazilian northeast region

    Energy Technology Data Exchange (ETDEWEB)

    Stecher, Luiza C.; Pacheco, Rafael R.; Sabundjian, Gaiane, E-mail: luizastecher@usp.br, E-mail: rafaelrade@gmail.com, E-mail: gdjian@ipen.br [Instituto de Pesquisas Energeticas e Nucleares (IPEN/CNEN-SP), Sao Paulo, SP (Brazil)

    2015-07-01

    The current environmental problems caused by human activity has been gaining attention in society, i.e., as it has influenced in the growth and development of the global economic. The availability of energy resources is central point to economic development and the generation of energy is responsible for a significant portion of the emissions causing the greenhouse effect nowadays. The Brazil, a developing country, still has a large number of people without access to electricity, which affects the quality of life of individuals. In this context, it should think in the sustainable economic development, so the alternative energy sources emerge as an option for power generation. Can highlight biomass as a source in the Brazilian scenario by its wide availability and variety. Therefore, the objective of this work is to estimate the economic viability of the decentralized generation of electricity based on the use of biomass from dende oil in small communities in the Brazilian Northeast considering the environmental costs involved for the source in question. The methodology is based on economic concepts and economic evaluation of environmental resources. The biomass from dende oil was adopted in this work by its characteristics and availability in the studied region. The results show that the generation of energy by biomass from dende oil, it will contribute significantly to the sustainable development of the region, already that it will bring gains environmental, social and financial to society. (author)

  14. Identification of the causes of risks under the conditions of innovative development of oil and gas companies

    Directory of Open Access Journals (Sweden)

    Khvostina I. M.

    2015-05-01

    Full Text Available The market environment, in which oil and gas companies operate, is characterized by elements of uncertainty and is accompanied by risks of entrepreneurship and production. Insufficient attention to the issues of risk management in the conditions of innovative development of enterprises leads to an inadequate response of oil and gas companies on the risks and threats that arise in the current economic environment, and, as a consequence, the adoption of unjustified managerial decisions. All this contributes to the significant threats in the activity of enterprises, limited mobility and loss of potential opportunities. The article defines the modern state oil and gas complex of Ukraine. The main problems of enterprises operating in this industry are considered. The causes of risks influencing the innovative activity of enterprises of oil and gas complex, the necessity of building an integrated risk management system are investigated.

  15. Analysis of management quality and management decisions made using the example of russian oil and gas companies

    Directory of Open Access Journals (Sweden)

    Kostylev A.O.

    2016-03-01

    Full Text Available Results of empirical surveys performed by Russian and foreign researchers with regard to behavior patterns of managers, authorized by owners to make investment decisions, are systematized. Analysis of management quality and decisions made by Russian oil and gas managers are performed using the following 2 criteria: market capitalization change and opinion of professional society. The purpose of the research is to attract attention to low management quality in Russian statowned oil and gas companies.

  16. No kudos for Kyoto from Imperial Oil : one company kicks at CO2 compliance, while others assume Ottawa's posturing

    International Nuclear Information System (INIS)

    Hope, P.

    1998-01-01

    Imperial Oil Ltd.'s criticisms over the high cost of complying with the carbon dioxide reduction targets set at Kyoto were discussed. Imperial Oil's document entitled 'The high cost of Kyoto' cites various independent economic-impact studies which show that Canada's commitment to lower greenhouse gas emissions to six per cent below 1990 levels by 2010 would jeopardize Canada's current prosperity and would drop the gross domestic product 3 per cent below projected growth. Several other major oil companies including Suncor share the opinion that the science on global warming is uncertain and that more research and greater public involvement is needed in the debate over the Kyoto Protocol. The oil companies are also of one mind about the need for third world countries doing their share of emission reduction. They go as far as to say that third world countries such as China and Brazil should be forced to join Canada in restricting emissions. The major oil companies operating in Canada hope that the government will consider oil industry concerns before the Kyoto Protocol is ratified. 1 fig

  17. Future oriented financial information (FOFI) : Should oil and gas companies use FOFI in public documents?

    International Nuclear Information System (INIS)

    Courtland, C.M.

    1998-01-01

    The issue of whether oil and gas companies should use FOFI (future-oriented financial information) in public documents was discussed. FOFI is information about prospective results of operations, financial position or changes in financial position, based on assumptions about future economic conditions and courses of actions (projections or forecasts). FOFI is not required under securities legislation unless an issuer chooses to provide it to third parties. However, if provided to one third party, it must be provided to all third parties. Five reasons why FOFI is not used by companies in the petroleum industry are given. These are: (1) it is not necessary to sell the prospectus offering, (2) if FOFI is included, the prospectus offering might, in some circumstances, be more difficult to sell, (3) if included, the FOFI may distract investors from proper analysis, (4) there are additional costs to the issuer when FOFI is included, and (5) there may be potential liability to various parties if FOFI is included and proves to be misleading. No changes to the current FOFI policy are contemplated for the immediate future, but in the longer term the reduction of the $ 500,000 minimum to $ 150,000 per investor where an offering memorandum must contain a forecast or projection, and the possible introduction of a safe harbour provision for any issuer who, in good faith, prepares FOFI, are being considered

  18. Model of delivery consolidation of critical spare part : case study of an oil and gas company

    Science.gov (United States)

    Hartanto, D.; Agustinita, A.

    2018-04-01

    The availability of spare parts in oil and gas industry is very important to prevent the occurrence of very high opportunity cost, that is the loss caused by exploitation equipment which must stop because of unavailability of the spare part. This is done by providing safety stock with a very high service level that leads to high inventory costs. If the company wants to lower inventory costs, the choices are not to lower the service level but to lower the ordering cost. One of the components of ordering cost is the delivery cost. Exploitation facilities are usually located in remote areas so that the cost of delivery is high. In addition, many spare parts are supplied by the same supplier. Therefore, there is an opportunity to lower the cost of delivery of spare parts by consolidation. In this paper,mixed integer linear programming (MILP) model is developed to plan the procurement of spare parts so that inventory costs which include holding and ordering cost for spare parts can be minimized. The model has been verified and validated. Using this model the company can lower inventory costs of the spare part by 32%.

  19. Safety Management in an Oil Company through Failure Mode Effects and Critical Analysis

    Directory of Open Access Journals (Sweden)

    Benedictus Rahardjo

    2016-06-01

    Full Text Available This study attempts to apply Failure Mode Effects and Criticality Analysis (FMECA to improve the safety of a production system, specifically the production process of an oil company. Since food processing is a worldwide issue and self-management of a food company is more important than relying on government regulations, therefore this study focused on that matter. The initial step of this study is to identify and analyze the criticality of the potential failure modes of the production process. Furthermore, take corrective action to minimize the probability of repeating the same failure mode, followed by a re-analysis of its criticality. The results of corrective actions were compared with those before improvement conditions by testing the significance of the difference using two sample t-test. The final measured result is the Criticality Priority Number (CPN, which refers to the severity category of the failure mode and the probability of occurrence of the same failure mode. The recommended actions proposed by the FMECA significantly reduce the CPN compared with the value before improvement, with increases of 38.46% for the palm olein case study.

  20. Determining optimal preventive maintenance interval for component of Well Barrier Element in an Oil & Gas Company

    Science.gov (United States)

    Siswanto, A.; Kurniati, N.

    2018-04-01

    An oil and gas company has 2,268 oil and gas wells. Well Barrier Element (WBE) is installed in a well to protect human, prevent asset damage and minimize harm to the environment. The primary WBE component is Surface Controlled Subsurface Safety Valve (SCSSV). The secondary WBE component is Christmas Tree Valves that consist of four valves i.e. Lower Master Valve (LMV), Upper Master Valve (UMV), Swab Valve (SV) and Wing Valve (WV). Current practice on WBE Preventive Maintenance (PM) program is conducted by considering the suggested schedule as stated on manual. Corrective Maintenance (CM) program is conducted when the component fails unexpectedly. Both PM and CM need cost and may cause production loss. This paper attempts to analyze the failure data and reliability based on historical data. Optimal PM interval is determined in order to minimize the total cost of maintenance per unit time. The optimal PM interval for SCSSV is 730 days, LMV is 985 days, UMV is 910 days, SV is 900 days and WV is 780 days. In average of all components, the cost reduction by implementing the suggested interval is 52%, while the reliability is improved by 4% and the availability is increased by 5%.

  1. THE EFFECT OF WORKING CAPITAL ON THE PROFITABILITY OF PALM OIL PLANTATION COMPANIES

    Directory of Open Access Journals (Sweden)

    Tania Prafitri

    2017-05-01

    Full Text Available Management decisions related to working capital are based on the management of short-term assets and liabilities, aiming to ensure that the company is able to maintain the operations and have sufficient cash flows to finance short-term debt maturities and operational costs, as well as to improve the profitability of the company. The objective of this study is to examine the effect of working capital management on company profitability. Working capital is considered to be an important issue in financial management and have an effect on liquidity as well as on the company profitability. In addition, optimized working capital management contributes greatly to the achievement of company objectives. The secondary data were taken from the annual reports of 6 oil palm plantation companies registered in the Indonesia Stock Exchange (IDX during the year 2009-2015. Profitability as a dependent variable was measured by return on investment (ROI. Cash conversion cycle (CCC, current ratio (CR, financial debt ratio (FDR, and fixed financial asset ratio (FFAR are independent variables. The analytical model used in this study was panel regression by using Fixed Effect Model. The results showed that there is a negative effect of working capital on profitability. Profitability will increase as cash cycle conversion cycle decreases. This is because companies with short cash conversion cycle are able to collect the cash needed for the company's day-to-day operations.Keywords: working capital, cash conversion cycle, current ratio, debt ratio, fixed assets ratio. profitabilityABSTRAKKeputusan manajemen yang berkaitan dengan modal kerja didasari oleh cara pengelolaan antara aset dan kewajiban jangka pendek, hal ini bertujuan untuk memastikan bahwa perusahaan mampu untuk melanjutkan kegiatan operasional dan memiliki arus kas yang cukup untuk membiayai hutang jangka pendek yang jatuh tempo dan biaya kegiatan operasional, serta untuk meningkatkan profitabilitas

  2. The unitization process in the oil and gas Brazilian sector: regulations analysis; A regulacao no processo de unitizacao na exploracao de petroleo e gas natural no Brasil

    Energy Technology Data Exchange (ETDEWEB)

    Vazquez, Felipe A. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil); Silva, Moises E. da [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil); Bone, Rosemarie B. [Universidade Federal do Rio de Janeiro (DEI/UFRJ), RJ (Brazil). Dept. de Engenharia Industrial

    2008-07-01

    In Brazil, the withdraw of 41 blocks of the 9th Round of Auctions by ANP rose questions about the possible unitization of oil fields, particularly on the pre-salt areas and the likelihood of future litigation from licensees against the Brazilian Government on the issue. Based on the international experience from Nigeria and East Timor/Australia, we propose improvements to the Brazilian law on the issue (Law 9478/97, article 27). We conclude that a clear and specific regulation on the unitization issue should be passed, so to protect investors and the non-renewable resources at stake (oil and gas). (author)

  3. Morphological analysis of thermoplastic starch films and montmorillonite (TPS/MMT) using vegetable oils of Brazilian Cerrado as plasticizers

    International Nuclear Information System (INIS)

    Schlemmer, Daniela; Sales, Maria Jose A.; Angelica, Romulo S.; Gomes, Ana Cristina M.M.

    2009-01-01

    Biopolymers can be used where petrochemical plastics have applications with short life. The excellent degradation of starch and its low cost make it an alternative for obtaining biodegradable plastics. To obtain thermoplastic starch (TPS) is necessary mechanical shake, high temperature and plasticizers. In this work, TPS were produced using three different vegetable oils from Brazilian's cerrado as plasticizers: buriti, macauba or pequi. Materials are also produced with montmorillonite (MMT). All the materials were analyzed by scanning electronic microscopy (SEM) and X-ray diffraction (XRD). The starch micrographs revealed irregular delaminate with a predominance of starch and 'holes' for the oils. In nanocomposites the clusters of clay are dispersed without a defined standard. It was understood that the plasticizers and processing completely changed the structure of starch causing a decrease in their crystallinity degree. Almost all nanocomposites presented exfoliate structure, only one presented intercalated structure. (author)

  4. Three Essays on National Oil Company Efficiency, Energy Demand and Transportation

    Science.gov (United States)

    Eller, Stacy L.

    This dissertation is composed of three separate essays in the field of energy economics. In the first paper, both data envelopment analysis and stochastic production frontier estimation are employed to provide empirical evidence on the revenue efficiency of national oil companies (NOCs) and private international oil companies (IOCs). Using a panel of 80 oil producing firms, the analysis suggests that NOCs are generally less efficient at generating revenue from a given resource base than IOCs, with some exceptions. Due to differing firm objectives, however, structural and institutional features may help explain much of the inefficiency. The second paper analyzes the relationship between economic development and the demand for energy. Energy consumption is modeled using panel data from 1990 to 2004 for 50 countries spanning all levels of development. We find the relationship between energy consumption and economic development corresponds to the structure of aggregate output and the nature of derived demand for electricity and direct-use fuels in each sector. Notably, the evidence of non-constant income elasticity of demand is much greater for electricity demand than for direct-use fuel consumption. In addition, we show that during periods of rapid economic development, one in which the short-term growth rate exceeds the long-run average, an increase in aggregate output is met by less energy-efficient capital. This is a result of capital being fixed in the short-term. As additional, more efficient capital stock is added to the production process, the short-term increase in energy intensity will diminish. In the third essay, we develop a system of equations to estimate a model of motor vehicle fuel consumption, vehicle miles traveled and implied fuel efficiency for the 67 counties of the State of Florida from 2001 to 2008. This procedure allows us to decompose the factors of fuel demand into elasticities of vehicle driving demand and fuel efficiency. Particular

  5. 75 FR 38805 - Central New York Oil and Gas Company, LLC; Notice of Intent To Prepare an Environmental...

    Science.gov (United States)

    2010-07-06

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. CP10-194-000] Central New York Oil and Gas Company, LLC; Notice of Intent To Prepare an Environmental Assessment for the Proposed North-South Project, Request for Comments on Environmental Issues, and Notice of Public Scoping Meeting and Onsite Environmental Reviews June 24,...

  6. 75 FR 63462 - Central New York Oil and Gas Company, LLC; Notice of Intent To Prepare an Environmental...

    Science.gov (United States)

    2010-10-15

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. CP10-480-000] Central New York Oil and Gas Company, LLC; Notice of Intent To Prepare an Environmental Assessment for the Proposed MARC I Hub Line Project and Request for Comments on Environmental Issues, and Notice of Public Scoping Meeting and Onsite Review September 22, 2010...

  7. Prevalência e custos indiretos das cefaléias em uma empresa brasileira Prevalence and indirect costs of headache in a Brazilian company

    Directory of Open Access Journals (Sweden)

    MAURICE VINCENT

    1998-12-01

    Full Text Available Funcionários de uma empresa (n=993 foram entrevistados quanto à ocorrência de cefaléias durante um período retrospectivo de 30 dias. A prevalência foi 49,8%, com frequência de 4,3±7,0 episódios e duração de 12,2±21,4 horas. Os diagnósticos baseados na classificação da Sociedade Internacional de Cefaléias, foram enxaqueca (5,5%, cefaléia do tipo tensão (CTT episódica (26,4%, CTT crônica (1,7% e outras cefaléias (16,2%. As mulheres foram mais acometidas e tiveram proporcionalmente mais enxaquecas que os homens. Cerca de 10% dos pacientes relataram dor suficientemente intensa a ponto de prejudicar seu desempenho no trabalho, o que representou 538,75 horas não trabalhadas. O custo indireto proporcionado pela interferência no trabalho foi estimado para cada cefaléia. O potencial prejuízo projetado à empresa devido às cefaléias é R$145,64 por funcionário, ou R$144 682,39 por ano. Como a enxaqueca é a cefaléia de maior custo, seu controle é particularmente importante no ambiente de trabalho. Há meios eficazes para reduzir sua frequência, com reflexos positivos no bem-estar e na produtividade do indivíduo. A relação custo-benefício favorece claramente a instituição de programas de prevenção e tratamento contra cefaléias crônicasEmployees from a Brazilian oil company reserach centre (n=993 were interviewed on the occurrence of headache during a 30 days period. Headache prevalence was 49.8%, with a mean frequency of 4.3±7.0 attacks per month, lasting 12.2±21.4 hours each. According to the International Headache Society diagnostic criteria, migraine (5.5%, episodic tension-type headache (26.4%, chronic tension-type headache (1.7% and headaches not fulfilling the criteria for such disorders (16.2% were observed. Women suffered comparatively more headache and specifically migraine than men. The pain interfered with work productivity in 10% of the subjects, corresponding to 538.75 hours off. According to an

  8. Fugitive emission inventory from Brazilian oil and gas industry (2000-2005) and discussion of mitigation measures

    Energy Technology Data Exchange (ETDEWEB)

    Carloni, Flavia A.; D' Avignon, Alexandre; La Rovere, Emilio L. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Centro Clima

    2008-07-01

    The objective of this work is to evaluate current emissions of GHGs within the Brazilian oil and gas industry, specifically the fugitive emissions arising from exploration and production. Besides, projects for mitigating these emissions and opportunities for the national industry are investigated. Results show that N{sub 2}O contributes little to fugitive emissions from the oil and gas industry, principally from gas sector. NMVOC emissions are significant, principally from the oil sector. In relation to CO{sub 2} and CH{sub 4} emissions, the oil sector emits more CO{sub 2} while the gas sector contributes more to CH{sub 4} emissions. In both sectors flaring is the activity that emits most CO{sub 2}. In relation to CH{sub 4} the principal contribution to emissions are from exploration and production onshore, although offshore activities as a whole play a greater part in the national industry. The results make it clear that the use of gas from flaring activity is a great opportunity for emission mitigation projects. From a business point of view, methane emissions could mean lost opportunities in selling natural gas. The Kyoto Protocol mechanisms, as the Clean Development Mechanism and Joint Implementation actions, provide the opportunity to stimulate investments in projects for reducing flaring and venting of associated gas. (author)

  9. Getting the oil to the shore

    Energy Technology Data Exchange (ETDEWEB)

    Menin, J.A.; Meuter, P.

    2006-03-15

    Conveying highly corrosive fluids - hot water dissolved in salt and sulfide - is just one aspect of getting oil from the field to the shore. Brazilian oil company Petrobras had a requirement for high pressure pumps that could handle high viscosity fluids at its Campos off-shore oil field and be easily maintained. Joao Alberto Menin, Paul Meuter explains how Sulzer Pumps rose to the challenge. (author)

  10. The Integration Aspects of Activities of the Companies in the Oil and Gas Industry Sector in the Context of Globalization

    Directory of Open Access Journals (Sweden)

    Panevnyk Tetiana M.

    2016-05-01

    Full Text Available The article considers both the dynamics and the structure of oil and gas production in Ukraine, situation of the oil and gas companies at the current stage of globalization of the world economy have been covered. The main problems impacting the functioning of the domestic industry sector have been identified, including the lack of effectiveness of the existing integration processes. The world trends and patterns of integration processes have been considered. It has been determined that the oil and gas industry sector leaders are the multinational companies that actively use integration in their practices. The current trends in creating integration linkages in different parts of the process chain in the oil and gas industry have been identified. Influence by large corporations of the innovative type on the creation of a favorable investment climate has been confirmed, as well as conducting their own policies of expansion in the overseas markets. On the basis of studying the foreign experience, expediency of development of the oil and gas sector enterprises by activating integration processes has been substantiated. Priorities and possibilities for further functioning of enterprises in the the oil and gas industry sector have been identified

  11. Shell's Big Dirty Secret. Insight into the world's most carbon intensive oil company and the legacy of CEO Jeroen van der Veer

    International Nuclear Information System (INIS)

    Stockman, L.; Rowell, A.; Kretzmann, S.

    2009-06-01

    Royal Dutch Shell plc is the largest oil operator in Nigeria, and holds more acreage in Canada's oil sands than any other corporation. Because of these facts, and several others, Shell is also the most carbon intensive oil company in the world. In short, for every barrel of oil it produces in the future, Shell will contribute more to global warming than any other oil company. This report documents Shell's record investment in dirty forms of energy, and it illuminates the corporate strategy and lobbying for regulations that indicate it intends to profit from that position for a long time to come (authors' abstract)

  12. On the rate of return and risk factors to international oil companies in Iran's buy-back service contracts

    International Nuclear Information System (INIS)

    Ghandi, Abbas; Lin Lawell, C.-Y. Cynthia

    2017-01-01

    We analyze the rate of return (ROR) and risk factors faced by Shell Exploration, an international oil company (IOC), in its Soroosh and Nowrooz buy-back service contract in Iran. In particular, based on our models of cash flow, we analyze the buy-back contract specific risk factors that can contribute to a reduction in the rate of return for the international oil company. Our cash flow models resemble the cash flow of buy-back service contracts before the Iranian government changed the way it determined the capital cost ceiling and pre-defined the oil price in these contracts in 2008–2009. Our actual and contractual cash flow models reveal that Shell Exploration's actual ROR was much lower than the contractual level. Furthermore, we find that among the risk factors that we considered, a capital cost overrun has the greatest negative effect on the IOC's ROR. Moreover, we show that there is a potential for modifying the contracts in order for the IOC to face an actual ROR closer to the contractual ROR even if the contract faces cost overrun or delay, without exceeding the maximum contractual ROR that the National Iranian Oil Company is willing to give. - Highlights: • Buy-back contract specific risk factors can reduce the rate of return. • Shell Exploration's actual ROR was much lower than the contractual level. • A capital cost overrun has the greatest negative effect on the rate of return. • Contracts can be modified to better share the risk.

  13. An empirical study on performance management: A case study of national Iranian oil Production Distribution Company

    Directory of Open Access Journals (Sweden)

    Abolhassan Faghihi

    2012-10-01

    Full Text Available The primary goal of creating a culture of performance management is to improve processes based on the responsibility of individuals and groups for the continuous improvement of business processes, and to contribute to their skills. In this paper, we discuss all related issues and indentify the most important aspects and components of performance management. The proposed study of this paper is to find out which performance management works best for national Iranian oil products distribution company (NIOPDC. The proposed study uses analytical hierarchy process to prioritize all important factors based on pair-wise comparison. We use geometric mean to find the average of comparisons and all computations are performed using Expert Choice software package. In summary, stakeholders (0.262 are the most important components of our survey followed by employee management (0.247, social responsibility (0.190 comes in the third position and quality of services (0.166 and internal process (0.134 are two less important factors in this survey.

  14. Analysis Testing of Sociocultural Factors Influence on Human Reliability within Sociotechnical Systems: The Algerian Oil Companies.

    Science.gov (United States)

    Laidoune, Abdelbaki; Rahal Gharbi, Med El Hadi

    2016-09-01

    The influence of sociocultural factors on human reliability within an open sociotechnical systems is highlighted. The design of such systems is enhanced by experience feedback. The study was focused on a survey related to the observation of working cases, and by processing of incident/accident statistics and semistructured interviews in the qualitative part. In order to consolidate the study approach, we considered a schedule for the purpose of standard statistical measurements. We tried to be unbiased by supporting an exhaustive list of all worker categories including age, sex, educational level, prescribed task, accountability level, etc. The survey was reinforced by a schedule distributed to 300 workers belonging to two oil companies. This schedule comprises 30 items related to six main factors that influence human reliability. Qualitative observations and schedule data processing had shown that the sociocultural factors can negatively and positively influence operator behaviors. The explored sociocultural factors influence the human reliability both in qualitative and quantitative manners. The proposed model shows how reliability can be enhanced by some measures such as experience feedback based on, for example, safety improvements, training, and information. With that is added the continuous systems improvements to improve sociocultural reality and to reduce negative behaviors.

  15. Press of the market, forces to the oil companies to redefine their direction

    International Nuclear Information System (INIS)

    Anon

    1998-01-01

    In search of strategies to face the new setting, the oil companies have assumed positions that are erected on three fundamental points: The decisive influence of the history on the present. The oligopoly essential role and the importance of the corporate instinct of survival, If one thinks thoroughly, the petroleum business it is full with paradoxes, coarse with seeing that the objective is to sell a raw matter under a registered name, fact that of for yes, it is already contradictory. It is not the only thing. The activity is developed vertically through signatures integrated. However, most of signatures look toward the external market to establish prices that finally will be transferred to the processes of exploration, refinement, commercialization and sale. This way the things, how sense has to lean on in the vertical structure? It is also difficult to understand for that is not believed a business separated from exploration and extraction, if this it is the stage that bigger value contributes to the final product. In spite of it, such operations are always tied to the refinement tasks and marketing. The author continues making several positions of the current tendencies of the petroleum industry

  16. A root cause analysis approach to risk assessment of a pipeline network for Kuwait Oil Company

    Energy Technology Data Exchange (ETDEWEB)

    Davies, Ray J.; Alfano, Tony D. [Det Norske Veritas (DNV), Rio de Janeiro, RJ (Brazil); Waheed, Farrukh [Kuwait Oil Company, Ahmadi (Kuwait); Komulainen, Tiina [Kongsberg Oil and Gas Technologies, Sandvika (Norway)

    2009-07-01

    A large scale risk assessment was performed by Det Norske Veritas (DNV) for the entire Kuwait Oil Company (KOC) pipeline network. This risk assessment was unique in that it incorporated the assessment of all major sources of process related risk faced by KOC and included root cause management system related risks in addition to technical risks related to more immediate causes. The assessment was conducted across the entire pipeline network with the scope divided into three major categories:1. Integrity Management 2. Operations 3. Management Systems Aspects of integrity management were ranked and prioritized using a custom algorithm based on critical data sets. A detailed quantitative risk assessment was then used to further evaluate those issues deemed unacceptable, and finally a cost benefit analysis approach was used to compare and select improvement options. The operations assessment involved computer modeling of the entire pipeline network to assess for bottlenecks, surge and erosion analysis, and to identify opportunities within the network that could potentially lead to increased production. The management system assessment was performed by conducting a gap analysis on the existing system and by prioritizing those improvement actions that best aligned with KOC's strategic goals for pipelines. Using a broad and three-pronged approach to their overall risk assessment, KOC achieved a thorough, root cause analysis-based understanding of risks to their system as well as a detailed list of recommended remediation measures that were merged into a 5-year improvement plan. (author)

  17. Liposomes incorporating essential oil of Brazilian cherry (Eugenia uniflora L.): characterization of aqueous dispersions and lyophilized formulations.

    Science.gov (United States)

    Yoshida, P A; Yokota, D; Foglio, M A; Rodrigues, R A F; Pinho, S C

    2010-01-01

    Multilamellar liposomes incorporating essential oil of Brazilian cherry (Eugenia uniflora L.) leaves were produced by dry film hydration. Gas chromatography demonstrated the compounds found in the essential oil were effectively incorporated in the aqueous dispersions of liposomes. Differential scanning calorimetry analyses revealed the incorporation of the essential oil did not cause phase separation in the membrane structure; the gel-liquid crystalline transition temperature (main transition) remained the same despite the higher heterogeneity indicated by the transition peak broadening. Different cryoprotectors (sucrose and trehalose) were added to the liposomal formulations to be tested in their ability to protect the liposomal structure during the lyophilization. The morphological aspect of the lyophilized powders analysed by scanning electron microscopy showed significant differences among the samples with and without cryoprotectors. Fourier-transform infrared spectroscopy indicated the cryoprotectors interacted effectively with the polar heads of phospholipids in the bilayer. In terms of water absorption, trehalose was identified as a much more effective protector agent against it than sucrose. The cryoprotectors showed different degrees of effectiveness of preservation of the liposomal structure when the rehydration assays of lyophilized liposomes were carried out, as particle size measurements indicated a moderate process of fusion when the formulations with sucrose were rehydrated.

  18. National oil companies and state actors : an assessment of the role of Petronas and ONGC in the foreign policy decision-making process of Malaysia and India using the example of overseas investments in Sudan and South Sudan

    OpenAIRE

    Steinecke, Tim

    2015-01-01

    The thesis addresses the role of national oil companies and their overseas engagement in the foreign policy decision-making process of states. Over the past 40 years, national oil companies have gained importance in the international oil industry and currently control around 90 per cent of the global oil reserves. A number of political and economic factors – depleting domestic reserves, economic growth – have resulted in an increasing expansion of Asian national oil companies to Africa. Throu...

  19. Governance and regulation in the Venezuelan petroleum industry: an analysis of the evolution of the relations between the State and the oil companies

    International Nuclear Information System (INIS)

    Benhassine, A.A.

    2008-12-01

    Oil is an extremely desired strategic resource which is in the center of the cooperation, the tensions and the conflicts between the producing States and the consumers, between the owners of deposits and oil companies and also between oil companies and consumers. The preoccupation of the political economy is exactly to report the interweaving of the economic and political factors in the formation and in the evolution of the structures of the national petroleum industries. Any change concerning the access to the oil resource and to its rent engenders a redefining of the behaviour, the strategies and the objectives of the main actors. So, by analyzing the process of structuralization of the industry of hydrocarbons in Venezuela, the author attempts to explain the evolution of his mode of organization according to his strategy of regulation. The functional relation which stands out from it becomes identified as a balance of power enters the Venezuelan State, the leaders of the national oil company PDVSA, the international oil companies, the consumers and the international organizations. The thesis reconstitutes the interaction between the maximization of the profits pursued by the oil companies and the forms of appropriation of the rents by the State. The control of the mechanisms of creation and appropriation of the rents allows then the main actors of the oil system to direct the oil Venezuelan policy according to their own interests. (author)

  20. Can Latin American Oil Companies Free Themselves from the Legacy of Nationalization? (Can Latin American Oil and Gas Companies Break Free of Their Nationalized Past?) - CERI Studies No. 183

    International Nuclear Information System (INIS)

    Rousseau, Isabelle

    2012-01-01

    Latin America's national oil companies, created at various times during the twentieth century, have each evolved in a different way. The two main companies - Petroleos de Mexico (Pemex) and Petroleos de Venezuela (PDVSA) - provide excellent illustrations of the rich diversity of organizational and industrial development. Many factors - such as the importance of earth quakes - explain the diversity. Nevertheless, the role of governments during the period of nationalizations is key. It was then that the relationships between the owners of natural resources, public operators, regulators, the finance ministries, and international operators were defined. This process shaped the companies' institutional structures (path dependency) and set the parameters for future entrepreneurial dynamism. The path by which each of these enterprises developed continues to affect their culture as evidenced by the recent reforms which attempted to restructure Pemex and PDVSA. (author)

  1. Stuck in the tar sands : how the federal government's proposed climate change strategy lets oil companies off the hook

    International Nuclear Information System (INIS)

    2008-10-01

    The credibility of any federal climate change strategy must be measured against its ability to reduce emissions from the tar sands. However, the federal government has proposed a climate change strategy that would allow tar sands producers to double their total emissions over the next decade. This report discussed how the federal government's proposed climate change strategy lets oil companies off the hook. The report discussed the problems and harmful effects associated with tar sands development, including greenhouse gas emissions; water depletion and pollution; toxic air emissions; destruction of the boreal forest; violation of native rights; threat to energy security; and negative socio-economic spin-off from an overheated economy. The federal government's proposed strategy was also assessed in terms of its weak greenhouse gas targets; ignoring the recent growth in tar sands emissions; adopting intensity-based targets instead of hard caps on greenhouse gas pollution, allowing total emissions from the tar sands to keep climbing; putting off critical measures until 2018; awarding oil companies hundreds of millions of dollars in credits for meeting targets they have already adopted voluntarily; lowballing the price of oil and downplaying future growth in tar sands emissions; ignoring huge portions of the oil industry's greenhouse gas pollution; letting oil companies buy their way out at rockbottom prices instead of forcing them to reduce their own emissions; and subsidizing increased tar sands production. It was concluded that the federal government's proposed plan to reduce greenhouse gas emissions was inadequate, because it failed to crack down on rising greenhouse gas emissions from the tar sands, one of Canada's most carbon intensive and fastest growing industries. 29 refs., 1 appendix

  2. Risk factors in stock returns of Canadian oil and gas companies

    International Nuclear Information System (INIS)

    Sadorsky, P.

    2001-01-01

    This paper uses a multifactor market model to estimate the expected returns to Canadian oil and gas industry stock prices. Results are presented to show that exchange rates, crude oil prices and interest rates each have large and significant impacts on stock price returns in the Canadian oil and gas industry. In particular, an increase in the market or oil price factor increases the return to Canadian oil and gas stock prices while an increase in exchange rates or the term premium decreases the return to Canadian oil and gas stock prices. Furthermore, the oil and gas sector is less risky than the market and its moves are pro-cyclical. This suggests that Canadian oil and gas stocks may not be a good hedge against inflation

  3. Valuation of investment projects by an international oil company: a new proof of a straightforward, rigorous method

    International Nuclear Information System (INIS)

    Pierru, A.; Babusiaux, D.

    2009-02-01

    The problem studied is that of valuing investment projects of an international oil company subject to tax schemes that vary from one country to another. The existing disparities in the tax treatment of interest paid can lead the firm to seek an optimal allocation of its debt capacity among the various projects. In this context, the generalized ATWACC (After-Tax Weighted Average Cost of Capital) method presents numerous advantages over standard methods and is particularly well suited to the valuation of oil-field development projects where debt financing differs from the amount that would correspond to the debt ratio targeted by the firm at the corporate scale. In this paper, we discuss adapting the generalized ATWACC method to the specificities of the oil industry and offer new proof of its validity, based on a model that maximizes, under constraints, the firm's equity value. (authors)

  4. Auditor´s report of report of companies of the brazilian electrical sector: one study of the normative adherence of the reports emited between 1999 and 2006

    Directory of Open Access Journals (Sweden)

    Marcelo Haendchen Dutra

    2008-07-01

    Full Text Available The purpose of the present study was to verify the adherence to the normative demands found in the auditors’ reports concerned with the companies of the Brazilian electrical sector. To reach the proposed goal, an exploratory-descriptive study of report samples published between 1999 and 2006 was undertaken, covering the financial statements issued from 1998 to 2005, selected from Closing Balance, of Gazeta Mercantil. The research has an descriptive character and used the content analysis technique for the data analysis and interpretation. The approach adopted was both qualitative and quantitative. 136 auditors’ reports were scrutinized through the comparison between paragraphs contained in those reports and the aforementioned auditing standards issued by the regulating organ, the Accounting Federal Board. 936 frequencies were acknowledged, being divided into adherent and non-adherent, and the 14,9% of non-adherent ones were minutely discussed. Key words: Auditors’ Report, Auditing Standards and Electrical Sector.

  5. Perfil do suporte oferecido pelas incubadoras brasileiras às empresas incubadas The profile of the support offered by the brazilian incubators to the incubated companies

    Directory of Open Access Journals (Sweden)

    Fabiano Maury Raupp

    2011-08-01

    Full Text Available O artigo objetiva delinear o perfil do suporte oferecido pelas incubadoras brasileiras às empresas incubadas. Trata-se de um estudo descritivo, de natureza quanti-qualitativa, realizado por meio de pesquisa survey. A população da pesquisa corresponde a 179 incubadoras brasileiras, tendo-se obtido um retorno de 37 delas. A coleta de dados deu-se com base em questionário enviado por e-mail aos coordenadores das incubadoras. Inicia-se o estudo fazendo uma breve incursão teórica acerca de incubadoras de empresas, fases do processo de incubação e suporte das incubadoras às empresas incubadas. Na seqüência, identifica-se os procedimentos metodológicos adotados. Em seguida, procede-se à descrição e análise dos dados coletados. Por último, apresenta-se as conclusões do estudo realizado, bem como recomendações para futuras pesquisas.The goal of this article is to outline the profile of the support offered by the Brazilian incubators to the incubated companies. This is a descriptive study, based on both quality and quantity, done through a survey. The target of the research was 179 Brazilian incubators, having heard from 37 of them. The data collection was based on questionnaire sent through e-mail to the coordinators of the incubators. The study began with a brief theoretical foray about incubators of companies. After that, the adopted methodological procedures are identified. Then, the description and the analysis of the data collected are done. At last, the conclusion of the study and recommendation for future researches are presented.

  6. Strategic environmental assessment for sustainable expansion of palm oil biofuels in Brazilian north region

    Energy Technology Data Exchange (ETDEWEB)

    Carvalho, Carolina

    2010-09-15

    Biofuels development in Brazil is a key factor for the environment and sustainable development of the country. Brazil has great potential of available areas and has favourable climate and geography for biofuel production, such as palm oil, soy, sugar cane, etc. This research aims to evaluate palm oil production and expansion in Para state, in the north of Brazil and also Amazonian territory. Degraded land will be evaluated through remote sensing, because palm oil crops should be placed in these lands, and secondly, expansion scenarios would be created. This PhD research will be a decision support tool for public policies.

  7. Hurricane Andrew causes major oil spill at Florida Power ampersand Light Company's Turkey Point Power Plant, Homestead, Florida

    International Nuclear Information System (INIS)

    Jones, M.A.; Butts, R.L.; Lindsay, J.R.; McCully, B.S.; Pickering, T.H.

    1993-01-01

    On August 24, 1992, Hurricane Andrew slammed into South Florida with wind gusts in excess of 160 mph. At 4:00 a.m. that day, the eye of this category four storm passed over Florida Power ampersand Light Company's Turkey Point power plant, south of Miami. Although the plant's two nuclear units escaped any significant damage, the storm caused extensive destruction to buildings and transmission facilities, and damaged two 400 foot tall emission stacks associated with the site's two fossil fuel generating units. In addition, a 90,000 to 110,000 gallon spill of No. 6 fuel oil resulted when a piece of wind-blown debris punctured the steel of the unit One 12,000 barrel fuel oil metering tank approximately 30 feet up from the tank bottom. Despite the presence of a secondary containment structure around the tank, the intense wind blew oil throughout the plant site. The damage to the metering tank apparently occurred during the first half hour of the hurricane. As the tank's oil level fell due to the puncture, transfer pumps from the bulk oil storage tanks received a low level alarm which automatically began transferring oil to the damaged metering tank. To prevent the further discharge of oil, plant personnel entered the power block and secured the pumps during the passage of the hurricane eye. Immediately following the storm, facility personnel deployed booms across the barge canal and the Units 1 and 2 intake canal to contain the oil which had entered the water. The response strategy and implementation is described in detail. The remediation costs were approximately $14/gallon spilled, including 54,000 gallons recovered for electricity generation

  8. Larvicidal Activity of essential oils from Brazilian plants against Aedes aegypti L.

    Directory of Open Access Journals (Sweden)

    Eveline Solon Barreira Cavalcanti

    2004-08-01

    Full Text Available Aedes aegypti L. is the major vector of dengue fever, an endemic disease in Brazil. In an effort to find effective and affordable ways to control this mosquito, the larvicidal activities of essential oils from nine plants widely found in the Northeast of Brazil were analyzed by measurement of their LC50. The essential oils were extracted by steam distillation and their chemical composition determined by GL-chromatography coupled to mass spectroscopy. The essential oils from Cymbopogon citratus and Lippia sidoides, reported in the literature to have larvicidal properties against A. aegypti, were used for activity comparison. The results show that Ocimum americanum and Ocimum gratissimum have LC50 of 67 ppm and 60 ppm respectively, compared to 63 ppm for L. sidoides and 69 ppm for C. citratus. These results suggest a potential utilization of the essential oil of these two Ocimum species for the control of A. aegypti.

  9. Screening of the odour-activity and bioactivity of the essential oils of leaves and flowers of Hyptis Passerina Mart. from the Brazilian Cerrado

    Energy Technology Data Exchange (ETDEWEB)

    Zellner, Barbara D.; Amorim, Ana Carolina L.; Rezende, Claudia M. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Centro de Tecnologia. Inst. de Quimica]. E-mail: crezende@iq.ufrj.br; Miranda, Ana Luisa P. de [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Faculdade de Farmacia; Alves, Ruy J.V. [Museu Nacional, Rio de Janeiro, RJ (Brazil). Dept. de Botanica. Herbario; Barbosa, Jussara P.; Costa, Gisela L. da [Instituto Oswaldo Cruz (FIOCRUZ), Rio de Janeiro, RJ (Brazil). Lab. de Taxonomia, Bioquimica e Bioprospeccao de Fungos

    2009-07-01

    The chemical profile of the essential oils obtained from the leaves and flowers of Hyptis passerina Mart., a rare species of the Brazilian Cerrado, has been determined for the first time. Analyses by GC-MS showed sesquiterpenes as major compounds. {beta}-epi-acorenol (35.7% and 32.8%, respectively from leaf and flower essential oils), was isolated and identified by 1D and 2D NMR. The flower-derived oil presented a higher concentration of hydrocarbon and oxygenated monoterpenes, while the leaf-oil was richer in diterpenes. The global odour impressions of both oils were given by direct analysis and GC-MS-O and were characterized as herbaceous with tea notes, and green, cooked and woody impressions for leaf-oil; herbaceous, with spicy, woody and minty notes for flower-oil. {beta}-epi-acorenol, spathulenol, {beta}-caryophyllene, and caryophyllene oxide were relevant for the odour-activity of both oils, as well as minor constituents, such as linalool. The antimicrobial activity was investigated by means of agar diffusion disc method and contact bioautography, against Gram-positive and negative bacteria and yeast. Both oils presented to be bioactive against the tested microorganisms with significant inhibition level. (author)

  10. Screening of the odour-activity and bioactivity of the essential oils of leaves and flowers of Hyptis Passerina Mart. from the Brazilian Cerrado

    International Nuclear Information System (INIS)

    Zellner, Barbara D.; Amorim, Ana Carolina L.; Rezende, Claudia M.; Miranda, Ana Luisa P. de; Alves, Ruy J.V.; Barbosa, Jussara P.; Costa, Gisela L. da

    2009-01-01

    The chemical profile of the essential oils obtained from the leaves and flowers of Hyptis passerina Mart., a rare species of the Brazilian Cerrado, has been determined for the first time. Analyses by GC-MS showed sesquiterpenes as major compounds. β-epi-acorenol (35.7% and 32.8%, respectively from leaf and flower essential oils), was isolated and identified by 1D and 2D NMR. The flower-derived oil presented a higher concentration of hydrocarbon and oxygenated monoterpenes, while the leaf-oil was richer in diterpenes. The global odour impressions of both oils were given by direct analysis and GC-MS-O and were characterized as herbaceous with tea notes, and green, cooked and woody impressions for leaf-oil; herbaceous, with spicy, woody and minty notes for flower-oil. β-epi-acorenol, spathulenol, β-caryophyllene, and caryophyllene oxide were relevant for the odour-activity of both oils, as well as minor constituents, such as linalool. The antimicrobial activity was investigated by means of agar diffusion disc method and contact bioautography, against Gram-positive and negative bacteria and yeast. Both oils presented to be bioactive against the tested microorganisms with significant inhibition level. (author)

  11. Research of Brazilian crude in pilot plant for base oil production; Pesquisa em planta piloto visando valorizar o cru nacional na producao de oleos lubrificantes

    Energy Technology Data Exchange (ETDEWEB)

    Fontes, Anita E.F.; Nogueira, Wlamir S.; Ximenes, Lelia M. de O. [PETROBRAS, Rio de Janeiro, RJ (Brazil). Centro de Pesquisas (CENPES); Santos, Claudio A.P. dos [Fundacao Gorceix, Ouro Preto, MG (Brazil)

    2004-07-01

    One of the biggest challenges for PETROBRAS is to find alternative crude oils to produce base oil and wax in its refinery. Duque de Caxias refinery has been using imported crude oil for 31 years living with constants threats to continuity because of the Persian Gulf conflicts. If we analyze the profitability of this business, we can verify that the lubes complex had contributed for the profitability by about 41,9% in 2002, even using imported crude oil. So, if we can incorporate a national crude oil in the actual refinery scheme, we would produce besides strategic gains better profitability for the base oil and wax unit. This paper describes a series of tests performed in the pilot plant, in which we produced base oils and wax using a mixture of imported crude with Brazilian crude oil. The base oils produced were classified as Group I with lower aromatic, Sulphur and basic Nitrogen content. Another great advantage of this alternative is that the light fractions obtained from distillation step can be used as feed to make fuels of better quality, due to the lower sulphur content, thus also reducing the environmental impact. (author)

  12. Effect of subsidies to fossil fuel companies on United States crude oil production

    Science.gov (United States)

    Erickson, Peter; Down, Adrian; Lazarus, Michael; Koplow, Doug

    2017-11-01

    Countries in the G20 have committed to phase out `inefficient' fossil fuel subsidies. However, there remains a limited understanding of how subsidy removal would affect fossil fuel investment returns and production, particularly for subsidies to producers. Here, we assess the impact of major federal and state subsidies on US crude oil producers. We find that, at recent oil prices of US50 per barrel, tax preferences and other subsidies push nearly half of new, yet-to-be-developed oil investments into profitability, potentially increasing US oil production by 17 billion barrels over the next few decades. This oil, equivalent to 6 billion tonnes of CO2, could make up as much as 20% of US oil production through 2050 under a carbon budget aimed at limiting warming to 2 °C. Our findings show that removal of tax incentives and other fossil fuel support policies could both fulfil G20 commitments and yield climate benefits.

  13. Seasonal variation of the essential oil from two Brazilian native Aldama La Llave (Asteraceae) species.

    Science.gov (United States)

    Oliveira, Tuane S DE; Bombo, Aline B; Oliveira, Adriana S S DE; Garcia, Vera L; Appezzato-DA-Glória, Beatriz

    2016-01-01

    Aldama arenaria and A. robusta are morphologically similar aromatic species that have seasonal development. The yield and chemical composition of essential oils from aerial and underground vegetative organs of these species were compared to verify the production of volatile metabolites in flowering and dormant phases of development and to identify if there are unique compounds for either species. The major compound in the essential oils from A. arenaria leaves was palustrol (16.22%) and for aerial stems was limonene (15.3%), whereas limonene (11.16%) and α-pinene (19.64%) were the major compounds for leaves and aerial stems from A. robusta, respectively. The major compound for the underground organs was α-pinene, in both species and phenological stages. High amounts of diterpenes were found especially for A. arenaria essential oils. Each analyzed species presented unique compounds, which can provide a characteristic chemical profile for both species helping to solve their taxonomic problems. This study characterized for the first time the yield and essential oil composition of A. arenaria and A. robusta, which have medicinal potential, and some of the compounds in their essential oils are unique to each one and may be useful in helping the correct identification of them.

  14. Brazilian energy statistics - 1993. Annual bulletin of the Brazilian Committee of the World Energy Council

    International Nuclear Information System (INIS)

    1993-01-01

    This bulletin deals with the primary sources that carry most weight in the Brazilian energy balance: hydraulic energy, petroleum, natural gas and coal. It contains data on ethyl alcohol derived from sugar cane since it is of special importance in Brazil's energy scenario. Some aspects about the opening or closing of the oil sector are also analysed, including the petroleum and petroleum products business; oil consumption issue; share of energy sources in world scenarios for the year 2020; reserves; prices and investments and the vulnerability of private companies. 12 figs., 16 tabs

  15. A Study on the Use of the Balanced Scorecard for Strategy Implementation in a Large Brazilian Mixed Economy Company

    Directory of Open Access Journals (Sweden)

    Ricardo Vinícius Dias Jordão

    2013-09-01

    Full Text Available The research described in this paper has analyzed the use of the balanced scorecard (BSC as part of a management control system for implementing strategies in a large mixed economy company. The shareholder structure of the company combines traditional shareholder interests with those of the government. Based on a case study in Brazil, the research innovates on analyzing BSC use and contributions to translate a company’s strategy (which requires bringing together different views into objectives and goals aligned to the four BSC perspectives: financial, learning and growth, improvement of internal processes and customer. The results point out that: (1 BSC, when used as part of a MCS, provides effective improvement of the strategy implementation process and its diffusion across the different organizational levels; (2 in the company under analysis, the performance evaluation integrated qualitative, financial and productive dimensions; (3 BSC appeared as an important tool in strategy conception and implementation; and (4 BSC enables to translate the company’s strategy into objectives and goals aligned to the financial, learning and growth, improvement of internal processes and customer perspectives.

  16. Trends in business management strategies of major international oil companies; Kokusai sekiyu kigyo meja no keiei senryaku no doko

    Energy Technology Data Exchange (ETDEWEB)

    Kashio, H. [The Institute of Energy Economics, Tokyo (Japan)

    1995-07-01

    This paper summarizes the former half part of the analysis made on business strategies of major international oil companies. The net earning of R/D Shell in fiscal 1994 increased by 1.8 billion dollars to 6.3 billion dollars. Its loan rate decreased to 16.7%. It increased the crude oil production by 3% to 2.2 million B/D, and the natural gas production by 1.2% to 7.3 billion cfd. The upstream department had the net earning decreased by 23% to 2.4 billion dollars because of decline in crude oil price. The net earning of the downstream department showed an increase by 20% over that in the previous year to 3.2 billion dollars. The chemical department had its business turned to black ink. The net earning of Exxon in the same year decreased by 200 million dollars to 5.1 billion dollars due to the reduced crude oil price and low refining margin. The upstream and downstream departments showed a decrease of 530 million and 630 million dollars respectively. The chemical department had an increase of 130% to 950 million dollars as a result of the recovery in the European markets. The net earning of Mobile in the same year showed a decrease of 2.1 billion dollars, ending in the amount of 1.1 billion dollars. The decrease has been caused by the decline in crude oil and natural gas prices and a 30% reduction in the refining margin. The chemical department changed for the better, with improved sales margins in oil products sold in overseas markets. 28 figs.

  17. Oil companies make the deep-sea production reliable; Les petroliers fiabilisent la production par grands fonds

    Energy Technology Data Exchange (ETDEWEB)

    Jemain, A.

    2002-06-01

    Today, oil companies have to face important technical challenges in deep offshore operations like drilling wells with more than 3000 m of water depth, but the main problem concerns the reliability of underwater production equipments with respect to their pressure and fatigue resistance and to their durability. New solutions have to be found to fluidify the crude in deep sea conditions (thermal insulation, 'pipe in pipe' system, electrical heating, additives, inhibitors..) and to prevent the formation of paraffin and hydrates (flow assurance), and also to reduce the weight of risers (use of low density high grade composite materials). (J.S.)

  18. Oil companies' customer records as a source of petroleum statistics; Oljeselskapenes kunderegistre som kilde i petroleumsstatistikken

    Energy Technology Data Exchange (ETDEWEB)

    Isaksen, Elisabeth Thuestad; Hoeie, Henning; Flugsrud, Ketil

    2012-10-15

    Detailed sales data from oil companies' customer records are considered a better source of data for the sales statistics for petroleum products than today's more aggregated source basis. Using detailed data from sales transactions allow for a safer, more detailed and more consistent industry classification and geographic distribution of sales than what is possible with current practice. Particularly for sale to transport and the public sector will the detailed data could make a more proper distribution of sales.(eb)

  19. Technical forums as an instrument for knowledge management in oil pipelines and terminals companies: the experience of TRANSPETRO

    Energy Technology Data Exchange (ETDEWEB)

    Almeida, Maria Fatima Ludovico de [Pontificia Universidade Catolica do Rio de Janeiro (PUC-Rio/ITUC), Rio de Janeiro, RJ (Brazil). Instituto Tecnologico; Santiago, Adilson; Ribeiro, Kassandra Senra; Arruda, Daniela Mendonca [TRANSPETRO - PETROBRAS Transporte S.A., Rio de Janeiro, RJ (Brazil)

    2009-07-01

    This paper describes the experience of TRANSPETRO's Oil Pipelines and Terminals Unit regarding an institutionalized knowledge management (KM) process of systematically promoting technical forums focused on: pipeline and terminal operations; industrial maintenance; and right-of-way activities management. This empirical work adds evidence that in the model of cooperative and communicative knowledge management it is necessary to motivate staff to provide the company with their tacit knowledge and to take a proactive part in knowledge management processes, particularly in technical forums. Within this KM perspective, technical forums have been held by TRANSPETRO for the following purposes: to discuss the main barriers and challenges the oil pipelines and terminals unit has to face in the coming years; to share and disseminate good practices concerning oil pipeline and terminal activities; to discuss new processes, methods and equipment developments with potential application in business and operational processes; to establish action plans concerning the main challenges, barriers and opportunities; to disseminate Research and Development (R and D) projects in course, new procedures, methods and equipment and to promote integration among forum attendees. The two year-experience in TRANSPETRO's Oil Pipelines and Terminals Unit revealed that technical forums have been an important instrument for cooperative and communicative knowledge management, according to evaluations from 173 attendees. (author)

  20. Technical forums as an instrument for knowledge management in oil pipelines and terminals companies: the experience of TRANSPETRO

    Energy Technology Data Exchange (ETDEWEB)

    Almeida, Maria Fatima Ludovico de [Pontificia Universidade Catolica do Rio de Janeiro (PUC-Rio/ITUC), Rio de Janeiro, RJ (Brazil). Instituto Tecnologico; Santiago, Adilson; Ribeiro, Kassandra Senra; Arruda, Daniela Mendonca [TRANSPETRO - PETROBRAS Transporte S.A., Rio de Janeiro, RJ (Brazil)

    2009-07-01

    This paper describes the experience of TRANSPETRO's Oil Pipelines and Terminals Unit regarding an institutionalized knowledge management (KM) process of systematically promoting technical forums focused on: pipeline and terminal operations; industrial maintenance; and right-of-way activities management. This empirical work adds evidence that in the model of cooperative and communicative knowledge management it is necessary to motivate staff to provide the company with their tacit knowledge and to take a proactive part in knowledge management processes, particularly in technical forums. Within this KM perspective, technical forums have been held by TRANSPETRO for the following purposes: to discuss the main barriers and challenges the oil pipelines and terminals unit has to face in the coming years; to share and disseminate good practices concerning oil pipeline and terminal activities; to discuss new processes, methods and equipment developments with potential application in business and operational processes; to establish action plans concerning the main challenges, barriers and opportunities; to disseminate Research and Development (R and D) projects in course, new procedures, methods and equipment and to promote integration among forum attendees. The two year-experience in TRANSPETRO's Oil Pipelines and Terminals Unit revealed that technical forums have been an important instrument for cooperative and communicative knowledge management, according to evaluations from 173 attendees. (author)

  1. Demand Forecast at the Foodstuff Retail Segment: a Strategic Sustainability Tool at a Small-Sized Brazilian Company

    Directory of Open Access Journals (Sweden)

    Claudimar Pereira Da Veiga

    2013-12-01

    Full Text Available Demand forecasting plays an increasingly relevant role within competitive and globalized marketplaces, in as much as operations planning and subsequent transition into a sustainable chain of supplies, is concerned. To this effect, the purpose of this study is to present the application of demand forecasting as a strategic sustainability tool at a Brazilian SME. Therefore, this is a descriptive, ex-post facto and cross-cut, sectional time case study, which employs qualitative and historical quantitative and direct observational data and that utilizes, as both indicators of the level of service offered to consumers and of opportunity costs the artificial neural networks model and fill-rates, for demand forecasting and response purposes. The study further established cause-effect relationships between prediction accuracy, demand responsiveness and process-resulting economic, environmental and social performances. Findings additionally concurred with both widely acknowledged sustainability concepts - NRBV (Natural-Resource-Based View and 3BL (Triple Bottom Line - by demonstrating that demand forecasts ensure the efficient use of resources, improvements in customer responsiveness and also mitigate supply chain stock out and overstock losses. Further to the mentioned economic benefit, demand forecasting additionally reduced the amount of waste that arises from retail product shelf-life expiration, improving the addressing of demand itself and of customer satisfaction, thus driving consequent environmental and social gains.

  2. Mössbauer effect study of corrosion products from a Brazilian oil refinery

    Science.gov (United States)

    da Costa, M. I.; Kunrath, J. I.; Moro, J. T.; da Cunha, J. B. M.; Englert, G.; Comparsi, L. U.; Muller, I. L.

    1993-04-01

    Corrosion of an oil refining plant in southern Brazil is controlled by placing metallic coupons in strategic places of the unit. The amount of the corrosion products formed after two months of exposure of the coupons is then obtained by weight loss measurements. To have a better insight of these products an analysis by Conversion Electron and transmission Mössbauer spectroscopies was done on some of the coupons. This paper reports some of the findings.

  3. Competitive strategies and strategic positioning of oil companies in the international oil business: theory and practice in perspective

    International Nuclear Information System (INIS)

    Dos Santos, E.M.; Teixeira Carneiro, J.M.; Ferreira Deschamps Cvalcanti, M.A.

    1999-01-01

    This is the first work of a series of four articles aiming to analyse the concepts of competitive strategy and strategic positioning of firms in the international oil industry. The authors present the essence of their analytical model, which are based on the theoretical framework of competitive strategy developed by Michael Porter, from the University of Harvard. The second article is published hereunder, the third and fourth ones will appear in the next issue. (authors)

  4. The state of art of contingency and emergency plans for oil spill in the Brazilian ports and terminals; O estado da arte dos planos de emergencia e contingencia para derramamento de oleo nos portos e terminais brasileiros

    Energy Technology Data Exchange (ETDEWEB)

    Barros, Sergio R.; Wasserman, Julio C.; Lima, Gilson B.A. [Universidade Federal Fluminense (UFF), Niteroi, RJ (Brazil)

    2008-07-01

    Brazilian legislation establishes that the potentially polluting activities, as is the case of the ports and terminals, possess plans of emergency for spilling in order to prevent impacts to the physical, socio cultural and of the work environment. The Federal Law n. 9966, of April 2000, known as the 'Law of the Oil' established the basic principles, to be obeyed for the companies, for harmful or dangerous oil movement and other substances in ports, terminals, platforms and ships in waters under national jurisdiction. The Law defines that the emergency plans are a set of measures that determine the responsibilities and the actions to be unchained after an incident immediately, as well as define the human resources, material and adequate equipment to the prevention, has controlled and combat to the pollution of waters. The CONAMA n. 398, of June of 2008, create a standardization of those procedures, so that there is an integration among the several emergency plans in a certain area. This article has for objective to accomplish a diagnosis in the several institutional programs of emergency to identify the current situation in the organized and terminal ports specialized in liquid barns, evaluating, when possible, it rationality of support logistic, the organization of operational administration and integration. (author)

  5. The state of art of contingency and emergency plans for oil spill in the Brazilian ports and terminals; O estado da arte dos planos de emergencia e contingencia para derramamento de oleo nos portos e terminais brasileiros

    Energy Technology Data Exchange (ETDEWEB)

    Barros, Sergio R; Wasserman, Julio C; Lima, Gilson B.A. [Universidade Federal Fluminense (UFF), Niteroi, RJ (Brazil)

    2008-07-01

    Brazilian legislation establishes that the potentially polluting activities, as is the case of the ports and terminals, possess plans of emergency for spilling in order to prevent impacts to the physical, socio cultural and of the work environment. The Federal Law n. 9966, of April 2000, known as the 'Law of the Oil' established the basic principles, to be obeyed for the companies, for harmful or dangerous oil movement and other substances in ports, terminals, platforms and ships in waters under national jurisdiction. The Law defines that the emergency plans are a set of measures that determine the responsibilities and the actions to be unchained after an incident immediately, as well as define the human resources, material and adequate equipment to the prevention, has controlled and combat to the pollution of waters. The CONAMA n. 398, of June of 2008, create a standardization of those procedures, so that there is an integration among the several emergency plans in a certain area. This article has for objective to accomplish a diagnosis in the several institutional programs of emergency to identify the current situation in the organized and terminal ports specialized in liquid barns, evaluating, when possible, it rationality of support logistic, the organization of operational administration and integration. (author)

  6. Optimization of helicopter hub locations and fleet composition in the Brazilian pre-salt fields

    OpenAIRE

    Norddal, Ida Kristine

    2013-01-01

    When implementing oil and gas operations in the Santos Basin pre-salt fields, Brazilian energy corporation Petróleo Brasileiro S.A (Petrobras) faces some significant challenges. One of these is the large distance from shore: exceeding 300 km at the most, it is about three times the distance to oil fields explored in the past. This has great impact on the company's offshore helicopter operations. In its current form, helicopters transport employees directly between onshore airport bases and of...

  7. Knowledge, attitudes, and practices toward malaria risk and prevention among frequent business travelers of a major oil and gas company.

    Science.gov (United States)

    Berg, Johannes; Breederveld, Daan; Roukens, Anna H; Hennink, Yvonne; Schouten, Marjolijn; Wendt, Judy K; Visser, Leo G

    2011-01-01

    Despite significant morbidity and mortality among business travelers due to malaria, very little has been published on knowledge, attitudes, and practices (KAP) toward malaria risk. The aim of this study was to assess KAP among frequent international business travelers (FBT) and to identify recommendations for improving malaria prevention that could be applied to the wider FBT community in occupational health. A retrospective web-based survey was conducted in 2005 among self-registered FBT of an oil and gas company based in the Netherlands. The survey was completed by 328 of the 608 self-registered FBT (54%). Fifty-four percent of respondents had visited a high-risk area for malaria. Most respondents (96%) were experienced travelers; the majority (71%) sought health advice before their trip and made use of a company health resource. Fever was recognized as a malaria symptom by all FBT; travel to high-risk malaria areas was correctly identified by 96%, and 99% of these travelers adhered to use of adequate personal protective measures. The proportion of travelers carrying appropriate anti-malaria drug regimen was positively associated with receiving company advice among FBT traveling to high-risk destinations (RR = 2.10, 95% CI: 1.21-3.67), but not for those traveling to low- or no-risk destinations. Only 8% (14) of those going to a high-risk area were not carrying malaria prophylaxis. One in five of FBT traveling to no-risk areas were unnecessarily carrying malaria prophylaxis. The majority of KAP results were excellent. We postulate that a company culture with a strong focus on health, safety, security, and environment can positively contribute to high KAP scores. Notwithstanding the excellent findings, this study also provides a cautionary tale for company health functions against overprescribing of malaria prophylaxis. It demonstrates the need for constant review and audit of adherence to quality criteria. © 2011 International Society of Travel Medicine.

  8. Financial and economic performance of some Brazilian cellulose and paper companies Desempenho econômico-financeiro de algumas empresas brasileiras de celulose e papel

    Directory of Open Access Journals (Sweden)

    Alexandre Nascimento de Almeida

    2010-06-01

    Full Text Available Brazil shows competitive and comparative advantages against others wood producers, mainly in the
    pulp and paper segment, because Brazil has technology in wood production with shorts lifecycles due to the
    good climate conditions and the quality of the products exported for many countries around the world. However,
    in the economical and financial area this advantage is not verified. In reason to the importance of this segment in the Brazilian forest sector the present study had the objective to know the economical and financial situation of six Brazilian pulp and paper companies. The information was obtained with BOVESPA – Sao Paulo State Stock Exchanged by the annual financial balance showed by the companies in the last nine years. Some of the most important economical and financial index was used, like capital profitability. In general, the companies showed a situation of low liquidity and profitability. It was verified an increase of the indebtedness and improvement in the use of the assets in the period. In relation to the operational margin and to the profitability of the equity, the
    companies showed similar behaviors along the time.O Brasil apresenta vantagens competitivas e comparativas frente aos demais países produtores de
    madeira, principalmente no segmento de celulose e papel, pois apresenta tecnologia na produção de matériaprima com ciclos de produção mais curtos em razão de condições climáticas favoráveis e a qualidade dos produtos exportados para diversas partes do mundo. Porém, na área econômica e financeira, esta vantagem não é constatada. Tendo em vista a importância que este segmento possui dentro do setor florestal brasileiro, o presente estudo busca conhecer a situação econômico-financeira de seis empresas de papel e celulose brasileiras de capital aberto. As informações analisadas foram obtidas junto a Bolsa de Valores do Estado de São Paulo (BOVESPA por meio de balan

  9. The new research centre of the Brazilian Petroleum Company in Rio de Janeiro, Brazil: The achievements in the thermal performance of air-conditioned buildings in the tropics

    Energy Technology Data Exchange (ETDEWEB)

    Brandao, Rafael; Marcondes, Monica Pereira; De Benedetto, Gisele S.; Goncalves, Joana Carla Soares; Duarte, Denise Helena Silva; Ramos, Jose Ovidio [Laboratorio de Conforto Ambiental e Eficiencia Energetica (LABAUT), Departamento de Tecnologia da Arquitetura (AUT), Faculdade de Arquitetura e Urbanismo, Universidade de Sao Paulo (FAUUSP), Sao Paulo, Brasil, Rua do Lago, 876, Cidade Universitaria, 05508-900 Sao Paulo, SP (Brazil)

    2008-07-01

    The study on the thermal performance of the air-conditioned buildings of the new research centre of the Brazilian Petroleum Company, in the tropical climate of Rio de Janeiro, was part of a bigger research and consultancy project involving environmental issues. The architectural design was the subject of a national competition in 2004, encompassing over 100,000 m{sup 2}. According to the design brief, out of the 10 buildings of the new research centre, 7 have to be either completely or partially air-conditioned, due to specific occupation requirements. The challenge for better thermal performance was related to systems' energy efficiency, to the introduction of natural ventilation and to the notion of adaptive comfort, which were verified with the support of thermal dynamic simulations. At the early stages of the assessments, the potential for natural ventilation in the working spaces considering the mixed-mode strategy achieved 30% of occupation hours. However, the development of the design project led to fully air-conditioned working spaces, due to users' references regarding the conventional culture of the office environment. Nevertheless, the overall architectural approach in accordance to the climatic conditions still showed a contribution to the buildings' energy efficiency. (author)

  10. Bacterial diversity in water injection systems of Brazilian offshore oil platforms.

    Science.gov (United States)

    Korenblum, Elisa; Valoni, Erika; Penna, Mônica; Seldin, Lucy

    2010-01-01

    Biogenic souring and microbial-influenced corrosion is a common scenario in water-flooded petroleum reservoirs. Water injection systems are continuously treated to control bacterial contamination, but some bacteria that cause souring and corrosion can persist even after different treatments have been applied. Our aim was to increase our knowledge of the bacterial communities that persist in the water injection systems of three offshore oil platforms in Brazil. To achieve this goal, we used a culture-independent molecular approach (16S ribosomal RNA gene clone libraries) to analyze seawater samples that had been subjected to different treatments. Phylogenetic analyses revealed that the bacterial communities from the different platforms were taxonomically different. A predominance of bacterial clones affiliated with Gammaproteobacteria, mostly belonging to the genus Marinobacter (60.7%), were observed in the platform A samples. Clones from platform B were mainly related to the genera Colwellia (37.9%) and Achromobacter (24.6%), whereas clones obtained from platform C were all related to unclassified bacteria. Canonical correspondence analyses showed that different treatments such as chlorination, deoxygenation, and biocide addition did not significantly influence the bacterial diversity in the platforms studied. Our results demonstrated that the injection water used in secondary oil recovery procedures contained potentially hazardous bacteria, which may ultimately cause souring and corrosion.

  11. Seed biometric parameters in oil palm accessions from a Brazilian germplasm bank

    Directory of Open Access Journals (Sweden)

    Julcéia Camillo

    2014-08-01

    Full Text Available The objective of this work was to evaluate the morphological diversity of oil palm seeds and to cluster the accessions according to their morphological characteristics. Forty-one accessions from the oil palm germplasm bank of Embrapa Amazônia Ocidental were evaluated - 18 of Elaeis oleifera and 23 of E. guineensis. The groups were formed based on morphological characteristics, by principal component analysis. In E. oleifera, four groups were formed, tied to their region of origin, but with significant morphological differences between accessions from the same population. For tenera-type E. guineensis seeds, three widely divergent groups were formed, especially as to external parameters, which differentiated them from the other ones. The parameter endocarp thickness stood out in intra- and inter-population differentiation. For dura-type E. guineensis, three groups were formed, with larger seeds and thicker endocarps, which differed from all the other ones. The variability observed for seed characteristics in the analyzed accessions allows the establishment of different groups, to define strategies for genetic improvement.

  12. Norwegian company suppliers for the oil and gas exploitation in Norway and abroad 2003

    International Nuclear Information System (INIS)

    Kristiansen, Frode; Heum, Per; Vatne, Eirik; Wiig, Wibecke

    2004-09-01

    The Institute for Research in Economics and Business Administration has for the forth time monitored how Norwegian suppliers to the petroleum activity find their way to various markets. The data are valid for activities during 2003. The study is carried out among 413 companies at the business level and for 21 at the corporation level. The companies are mainly small and middle sized while the corporations that comprises several companies, are to be considered as large in the Norwegian context. 204 of the small and middle sized companies replied. In the group of larger corporations about 95 % replied. As the latter group is responsible for 80-90 % of the turnover in the Norwegian petroleum sector the total estimates in the investigation should be quite accurate. More than 90 % of the registered sales abroad may be contributed to 22 companies. It should therefore be possible to catch important development characteristics in the petroleum sector by focusing on 30-40 companies. Another structural characteristic is that the companies involved in petroleum activities rarely involve themselves in pure research and development activities. The current innovation is made in the context of solving specific challenges connected to reservoir, ocean depth, climate and distance and usually in relation to customers and suppliers. The petroleum sector had an average turnover of 39 % in their trade with foreign countries in 2003 which is an increase. The majority of the companies have a registered sale abroad. The tendency is increasing. The petroleum regions that receive the majority of the Norwegian sales during 2003 as previously, are the UK/North Sea, the USA/Canada and South East Asia/Australia. The sales to the Western Africa and South America are also considerable. The petroleum sector in Norway has achieved market positions over almost the entire globe in less than 10 years. With the collected data material as a basis it is estimated a 34 thousand million NOK petroleum

  13. The missing dimension of knowledge transfer from subsidiaries to headquarters: The case of Oil and Gas companies in CEE region

    Directory of Open Access Journals (Sweden)

    Emil Velinov

    2016-12-01

    Full Text Available The paper identifies knowledge management determinants of knowledge transfer from subsidiaries to headquarters in the top Oil & Gas companies in Central and Eastern Europe as their level of innovations, internationalization and economic importance are emerging. The paper sheds a light not only on the process of knowledge transfer parent-subsidiary but via versa as it is critical in the 21st century for better adapting to specific business needs in certain geographical regions. Thus, this reversed knowledge from subsidiaries to headquarters is critical for the given business sector where the level of innovation and amount of R&D investments are enormous. The study argues that the reversed process of knowledge transfers from subsidiary to parent company is positively related to company performance and business diversification. Nowadays the knowledge formed in the subsidiaries of Multinational Corporations (MNCs is transferred to headquarters by investing in R&D centres, building new exploration and testing sites abroad. In the reversed knowledge transfer process we can identify main challenges, which are very critical to analyse and determine the exact process.

  14. The new tariff model based on marginal costs developing concept for Brazilian electric sector. A case study for Power and Light Company of Sao Paulo State (Brazil); O novo modelo tarifario baseado no conceito de custos marginais em desenvolvimento para o setor eletrico brasileiro. Um estudo de caso para a Companhia Paulista de Forca e Luz

    Energy Technology Data Exchange (ETDEWEB)

    Correia, S.P.S.

    1991-12-31

    A new methodology for power generation cost accounts in Brazilian electric sector is described, with the application of marginal costs theory and its deviation in developing economies. A case report from a Brazilian Power and Light Company is studied, focalizing the seasoning, the planning, the tariff model and the power generation, transmission and distribution. (M.V.M.). 19 refs, 28 figs, 1 tab.

  15. The new tariff model based on marginal costs developing concept for Brazilian electric sector. A case study for Power and Light Company of Sao Paulo State (Brazil); O novo modelo tarifario baseado no conceito de custos marginais em desenvolvimento para o setor eletrico brasileiro. Um estudo de caso para a Companhia Paulista de Forca e Luz

    Energy Technology Data Exchange (ETDEWEB)

    Correia, S P.S.

    1992-12-31

    A new methodology for power generation cost accounts in Brazilian electric sector is described, with the application of marginal costs theory and its deviation in developing economies. A case report from a Brazilian Power and Light Company is studied, focalizing the seasoning, the planning, the tariff model and the power generation, transmission and distribution. (M.V.M.). 19 refs, 28 figs, 1 tab.

  16. Fatores críticos para a melhoria contínua em indústrias brasileiras Critical factors for the continuous improvement in brazilian manufacturing companies

    Directory of Open Access Journals (Sweden)

    Pedro Carlos Oprime

    2011-03-01

    Full Text Available O objetivo deste artigo é identificar e analisar fatores críticos no desenvolvimento de atividades de melhoria contínua (MC em empresas industriais brasileiras. Um modelo conceitual de relacionamento entre práticas e resultados foi testado por meio de um survey utilizando uma amostra de 46 empresas industriais. Fatores como: treinamento em ferramentas de solução de problemas, o incentivo a sugestões, a comunicação face a face, visitas ao chão de fábrica e adoção de sistemas de incentivos, se mostraram críticos para alcance de sucesso em atividades de MC. Identificaram pela análise fatorial dois constructos críticos relacionados ao processo de melhoria contínua: 1 a promoção das atividades de melhoria contínua por meio de políticas de incentivos; e 2 o suporte e liderança da alta administração e ativa participação da gerência. Observou-se que há relação estatisticamente significativa entre o uso de técnicas de solução de problemas e mecanismos de incentivos com o desempenho das empresas.The aim of this paper is to identify and analyze critical factors in the development of continuous improvement (CI activities in Brazilian manufacturing companies. A conceptual model of relationship between practices and results was tested through a survey conducted in 46 manufacturing companies. Factors such as: problems solving tools training, suggestion incentives, face-to-face communication, visits to the shop floor and adoption of incentive systems, have proved to be critical at reaching success in CI activities. Through factorial analysis, two critical constructs concerning continuous improvement process were identified: 1 promotion of continuous improvement through incentive mechanisms; and 2 High level management support and leadership and management active involvement. It was observed that there is a statistically meaningful relationship between the use of problem solving techniques and the incentive mechanisms in face of

  17. A global energy network? The expansion and integration of non-triad national oil companies

    NARCIS (Netherlands)

    de Graaff, N.A.

    2011-01-01

    It is widely perceived that the rising influence of state-owned energy companies from outside the traditional triad (USA, EU, Japan) is transforming the structure of the global energy market and generating a new wave of resource-nationalism. There is, however, little empirical analysis of how this

  18. Õlifirma soliidne eksperimentaalmaja = Oil company's reliable experimental house / Urmas Oja

    Index Scriptorium Estoniae

    Oja, Urmas, 1981-2012

    2004-01-01

    Firma Gulf Oil oranzhi tellisvoodriga lao- ja kontorihoone Laagris. Projekteerija: Arhitektid Muru & Pere. Autorid Urmas Muru, Peeter Pere. Konstruktsioonid: A-Grupp. Direktori kabineti seinal P. Pere suur ekspressiivne õlimaal. Projekt 2002, valmis 2003. I ja II korruse plaan, 2 sise- ja 2 välisvaadet

  19. International crude oil prices and the stock prices of clean energy and technology companies: Evidence from non-linear cointegration tests with unknown structural breaks

    International Nuclear Information System (INIS)

    Bondia, Ripsy; Ghosh, Sajal; Kanjilal, Kakali

    2016-01-01

    Increasing greenhouse gas emissions, exhaustibility and geo-politics induced price volatility of crude oil has magnified the importance of looking for alternative sources of energy. In this paper, we investigate the long term relationship of stock prices of alternative energy companies with oil prices in a multivariate framework. To this end, we use threshold cointegration tests, which endogenously incorporate possible regime shifts in long run relationship of underlying variables. In contrast to the findings of the previous study by Managi and Okimoto (2013), our results indicate presence of cointegration among the variables with two endogenous structural breaks. This study confirms that ignoring the presence of structural breaks in a long time series data, as has been done in previous study, can produce misleading results. In terms of causality, while the stock prices of alternative energy companies are impacted by technology stock prices, oil prices and interest rates in the short run, there is no causality running towards prices of alternative energy stock prices in the long run. The study discusses the possible reasons behind the empirical findings and concludes with a discussion on short run and long run investment opportunities for the investors. - Highlights: • Cointegration between alternative energy companies stock price and oil price. • Threshold cointegration tests are employed. • Cointegration among the variables exists with two endogenous structural breaks. • Alternative energy companies stock price impacted by oil prices in short run. • No causality running towards prices of alternative energy stock prices in long run.

  20. Effects of Security and Privacy Concerns on using of Cloud Services in Energy Industry, an Oil and Gas Company: A Case Study

    OpenAIRE

    Alireza Poorebrahimi; Fatemeh SoleimaniRoozbahani

    2015-01-01

    The topic of ‘‘the cloud’’ has attracted significant attention throughout the past few years. It allows resource sharing that includes software, platform and infrastructure by means of virtualization. Cloud Adoption in Oil & Gas companies have approached cloud with caution, but they are increasingly deploying cloud services. Energy companies have carefully weighed whether they should opt for a public cloud versus a private one, and which applications are fit for deployment via the cloud. For ...

  1. Use of baru (Brazilian almond) waste from physical extraction of oil to produce gluten free cakes.

    Science.gov (United States)

    Pineli, Lívia de Lacerda de Oliveira; de Aguiar, Lorena Andrade; de Oliveira, Guilherme Theodoro; Botelho, Raquel Braz Assunção; Ibiapina, Maria do Desterro Ferreira Pereira; de Lima, Herbert Cavalcanti; Costa, Ana Maria

    2015-03-01

    The extraction of oil from baru almonds produces a waste that carries part of their nutritional qualities and antioxidants. It can be used to produce partially deffated baru flour (PDBF). We aimed to evaluate the applicability of PDBF and the effect of the addition of xanthan gum (XG) to produce gluten free cakes. Cakes were prepared with 100% wheat flour (WF cake) and with 100% PDBF and four different levels of XG (0%-PDBF cake, 0.1%-X1, 0.2%-X2 and 0.3%-X3 cakes), and evaluated for composition, antioxidants, moisture, specific volume, texture and sensory acceptance. PDBF cakes showed lower carbohydrate values, but higher protein, lipids, calories and antioxidant contents. They were rich in fiber, as well as iron, zinc and copper. The replacement of WF by PDBF resulted in an increased hardness and adhesiveness and a decreased cohesiveness, elasticity and moisture. Chewiness of X2 cake was similar to that of WF cake. X2 and X3 cakes showed specific volume closer to that of WF cake. No difference was found among the treatments for texture and appearance acceptances. Flavor of X2 and X3 cakes were more accepted than WF cake. Acceptance of all cakes were in the liking region of hedonic scale. PBDF associated to XG is a feasible option to substitute WF in gluten free cake, improving its nutritional quality.

  2. The Russian opportunity and investments by international companies: the oil paradox

    International Nuclear Information System (INIS)

    Locatelli, C.

    2003-01-01

    The early days of 2003 saw Russia and its oil sector drawing the attention of international investors, as evidenced by the joint venture between BP and TNK, Exxon Mobil's plans regarding Yukos or Shell's. Some people saw in those agreements or plans the signs of a normalisation of the Russian economy, particularly in terms of property rights. The arresting of Mr Khodorkovsky, the chairman of Yukos put a sudden stop to such optimism and comes as a reminder of a few realities. Despite the progresses made, the economic and institutional environment of the country is still unstable, as shown by the questioning of the Production Sharing Agreement Act or the increasingly demanding access to oil resources. The BP TNK agreement is not a reproducible investment model. If there is some opening it will be on the terms set by the Russian government. (authors)

  3. Environmental policy in Norway: emission quotas to the processing industries, taxation of the oil companies

    International Nuclear Information System (INIS)

    Tjernshaugen, Andreas

    2002-01-01

    In a white paper on the climate policy, the Norwegian Government proposes a variety of political instruments. In the years 2005 to 2007, the Government will give priority to a quota system for the industrial sectors that are currently exempt from the CO 2 tax. At the same time, the tax on oil- and gas extraction and on traffic will be continued. In addition, a series of measures are evaluated against specific emission sources such as waste management and oil heating. For the years 2008 to 2012, which is the period of commitment under the Kyoto protocol, the CO 2 will be replaced by a broad quota system that will apply to all sources that can be technically included

  4. Oil Companies, Reindeer-Herding Communities, and Local Authorities: Rights to Land from the Perspective of Various Stakeholders

    Directory of Open Access Journals (Sweden)

    Svetlana Tulaeva

    2014-10-01

    Full Text Available This article is devoted to the consideration of land disputes between oil companies and reindeer-herding communities. This research analyzes the legal framework within which the participants of conflict act, with particular reference to legal anthropology. Most of the focus is not so much on formal laws as on the way in which they are understood and interpreted by the participants in relations. It is shown that various groups are guided by different laws and regulations, determining for themselves their priority over others. Emphasis is placed on the role of custom and the way in which it influences the appeal of locals to the state legal system. Starting from the specificity of legal environment, this article explains the use by the participants of conflicts of various strategies to settle them.

  5. Organizational ergonomics of occupational health methods and processes in a Brazilian oil refinery.

    Science.gov (United States)

    Bau, Lucy M S; Farias, Jean P; Buso, Sandro A; Passero, Carolina R Marcon

    2012-01-01

    Organizational ergonomics refers to the optimization of social technical systems, including their organizational structures, policies and processes. The relevant topics include communications, management of resources, work projects, temporal organization of work, team work, participative project, new work paradigms, cooperative work, organizational culture, network organizations and quality management (IEA, 2000). The purpose of this study was the reorganization of the methods and processes of the occupational health sector (SMS/SO - Portuguese acronym of the area) of a petrochemical company. The work involved thirty professionals: a coordinator, two occupational physicians, one cardiologist, one occupational dentist, two occupational nurses, eleven occupational health technicians, one social worker, one nutritionist, one phonoaudiologist, one ophthalmologist, one biochemist, two ergonomists, three administrative assistants, one administrator and one psychologist, during a six-month period. The methodology that was used sought to establish a cooperative alliance focused on change, transformation and acquisition of skills, reflecting directly on the attitudes and performance of the leaderships and their work teams. In addition to the feedback practice, the following supporting tools were used for the study's success: "Functional Polyvalence Matrix", "Management of Failures", 5W2H", "6M", "5 Why" and "process mapping". The intended results after the organization ergonomics restructuring process will allow the leader to help his or her team to make a diagnosis of the problems, identify options, develop strategies, establish targets and action plans, remove barriers, review contexts and implement the business management fundaments: planning, organization, management, coordination and control. The transformation possibilities allow us to consider some hypothesis: Before: Focus only on results. After: Engage collaborators to create sustainable results. Before: Operating

  6. Essential oils from fruits with different colors and leaves of Neomitranthes obscura (DC.) N. Silveira: an endemic species from Brazilian Atlantic forest.

    Science.gov (United States)

    Amaral, Raquel R; Fernandes, Caio P; Caramel, Otávio P; Tietbohl, Luis A C; Santos, Marcelo G; Carvalho, José C T; Rocha, Leandro

    2013-01-01

    Neomitranthes obscura (DC.) N. Silveira is an endemic plant of Brazilian Atlantic Forest and widely spread in the sandbanks of "Restinga de Jurubatiba" National Park. It is popularly known by local population as "camboim-de-cachorro" or "cambuí-preto" and recognized by its black ripe fruits. However, specimens with yellow ripe fruits were localized in the "Restinga de Jurubatiba" National Park. The aim of the present study was to evaluate chemical composition of essential oils obtained from leaves and fruits of N. obscura specimens with different fruit color (black and yellow) by GC and GC-MS. Essential oils from leaves of specimens with black and yellow fruits indicated a predominance of sesquiterpenes (81.1% and 84.8%, resp.). Meanwhile, essential oil from black fruits presented a predominance of monoterpenes (50.5%), while essential oil from yellow fruits had sesquiterpenes (39.9%) as major substances. Despite previous studies about this species, including essential oil extraction, to our knowledge this is the first report on N. obscura fruits with different colors. Our results suggest the occurrence of unless two different varieties for this species.

  7. Essential Oils from Fruits with Different Colors and Leaves of Neomitranthes obscura (DC.) N. Silveira: An Endemic Species from Brazilian Atlantic Forest

    Science.gov (United States)

    Amaral, Raquel R.; Fernandes, Caio P.; Caramel, Otávio P.; Tietbohl, Luis A. C.; Santos, Marcelo G.; Carvalho, José C. T.; Rocha, Leandro

    2013-01-01

    Neomitranthes obscura (DC.) N. Silveira is an endemic plant of Brazilian Atlantic Forest and widely spread in the sandbanks of “Restinga de Jurubatiba” National Park. It is popularly known by local population as “camboim-de-cachorro” or “cambuí-preto” and recognized by its black ripe fruits. However, specimens with yellow ripe fruits were localized in the “Restinga de Jurubatiba” National Park. The aim of the present study was to evaluate chemical composition of essential oils obtained from leaves and fruits of N. obscura specimens with different fruit color (black and yellow) by GC and GC-MS. Essential oils from leaves of specimens with black and yellow fruits indicated a predominance of sesquiterpenes (81.1% and 84.8%, resp.). Meanwhile, essential oil from black fruits presented a predominance of monoterpenes (50.5%), while essential oil from yellow fruits had sesquiterpenes (39.9%) as major substances. Despite previous studies about this species, including essential oil extraction, to our knowledge this is the first report on N. obscura fruits with different colors. Our results suggest the occurrence of unless two different varieties for this species. PMID:23484148

  8. Essential Oils from Fruits with Different Colors and Leaves of Neomitranthes obscura (DC. N. Silveira: An Endemic Species from Brazilian Atlantic Forest

    Directory of Open Access Journals (Sweden)

    Raquel R. Amaral

    2013-01-01

    Full Text Available Neomitranthes obscura (DC. N. Silveira is an endemic plant of Brazilian Atlantic Forest and widely spread in the sandbanks of “Restinga de Jurubatiba” National Park. It is popularly known by local population as “camboim-de-cachorro” or “cambuí-preto” and recognized by its black ripe fruits. However, specimens with yellow ripe fruits were localized in the “Restinga de Jurubatiba” National Park. The aim of the present study was to evaluate chemical composition of essential oils obtained from leaves and fruits of N. obscura specimens with different fruit color (black and yellow by GC and GC-MS. Essential oils from leaves of specimens with black and yellow fruits indicated a predominance of sesquiterpenes (81.1% and 84.8%, resp.. Meanwhile, essential oil from black fruits presented a predominance of monoterpenes (50.5%, while essential oil from yellow fruits had sesquiterpenes (39.9% as major substances. Despite previous studies about this species, including essential oil extraction, to our knowledge this is the first report on N. obscura fruits with different colors. Our results suggest the occurrence of unless two different varieties for this species.

  9. Assessing scenarios of the brazilian energy matrix in the long-term plan of Ministry of Mines and Energy: impacts in the oil and gas industry; Avaliacao de cenarios de matriz energetica nacional no plano de longo prazo do Ministerio de Minas e Energia: impactos na industria de oleo e gas

    Energy Technology Data Exchange (ETDEWEB)

    Machado, Giovani; Szklo, Alexandre; Schaeffer, Roberto [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Programa de Planejamento Energetico

    2004-07-01

    The Law no. 9,478/97 establishes that among its attributions the Energy Policy National Council (CNPE) must review periodically the national energy matrix. This paper aims at discussing the scenarios considered in the current revision based on an integrated energy planning approach, identifying its key points and analyzing its eventual consequences, particularly for oil and gas industry. More precisely, it evaluates the effects over the O and G industry of changes in the international and national circumstances. The international key factors focused are, mainly, oil and oil product prices and productive and technological strategies of O and G companies. The national key factors discussed fuel prices, inter-fuel substitution potentials, efficiency levels, potentials of new discovers and characteristics of Brazilian reserves of oil and natural gas (on-shore or off-shore E and P, oil or gas fields, API degree density, sulfur and acid contents), and adequate energy infra-structure (necessity of distribution and transportation grid expansion, refining capacity etc.). Such discussions have important implications for public policies and corporate strategies. (author)

  10. Building a sustainable future - The effects of CSR-finance on national oil companies

    Energy Technology Data Exchange (ETDEWEB)

    Thakur, Vishal

    2010-09-15

    Since the release of Goldman Sach's 'Path to 2050' report, arguing the combined economies of Brazil, Russia, India and China, would ellipse the economies of the current richest countries by 2050, the BRIC countries have garnered global attention. As demand for oil in these nations increases, NOCs within the BRIC have gone beyond national borders for exploration and financing - giving rise to concerns over emerging policies, objectives and priorities. The purpose of this paper is to examine NOCs of the BRIC and their compliance with international standards of corporate social responsibility and their effects through international capital markets.

  11. Building a sustainable future - The effects of CSR-finance on national oil companies

    Energy Technology Data Exchange (ETDEWEB)

    Thakur, Vishal

    2010-09-15

    Since the release of Goldman Sach's 'Path to 2050' report, arguing the combined economies of Brazil, Russia, India and China, would ellipse the economies of the current richest countries by 2050, the BRIC countries have garnered global attention. As demand for oil in these nations increases, NOCs within the BRIC have gone beyond national borders for exploration and financing - giving rise to concerns over emerging policies, objectives and priorities. The purpose of this paper is to examine NOCs of the BRIC and their compliance with international standards of corporate social responsibility and their effects through international capital markets.

  12. The continuing investment attraction af the North Sea to a large oil company

    International Nuclear Information System (INIS)

    Bijur, P.

    1992-01-01

    The North Sea is a success story of a partnership between government and industry in which everyone is winning. This paper considers what it will take to keep the success story going - to keep the North Sea attractive to large investors. First, the most significant of the future challenges facing investors here are outlined -competing investments, declining prospectivity and technical barriers. Some positive recommendations follow that may enable the oil industry to overcome the challenges and keep the North Sea a centre for petroleum investment into the next century. (author)

  13. Energy Needs and Environmental Demands - Seen from an Oil Company's Perspective

    International Nuclear Information System (INIS)

    Allen, W.W.

    1998-01-01

    In this presentation it is suggested that the greatest challenge in building the Norwegian oil industry may have been a climate of chronic price swings. The introduction of NORSOK by Norway and CRINE by the U.K. signalled that the North Sea countries intended to remain competitive in the world petroleum scene. The presentation focuses on the environmental challenges that lie ahead and the importance of maintaining a vigorous industry. The need for research is emphasized, especially on the effects of greenhouse gases and on cleaner fuels

  14. The role of oil palm companies in Indonesia as a nation's competitive advantage

    Science.gov (United States)

    Tampubolon, N.; Pasaribu, M.

    2017-09-01

    Indonesia is the largest world Crude Palm Oil (CPO) producer with Malaysia in second place. This agricultural commodity has become a chief Indonesian foreign exchange earner behind fossil fuel exports. In 2016, the export value of this commodity reached USD 17.8 billion. Historically, Malaysia has been more advanced in the CPO delivery, which can be explained by the general companies’environment of management, technological advancement and engineering, human resource skills and superior external support, such as road infrastructure, regulations and research& development by the industry and government. It is clear from data that the Indonesian production is disadvantaged by a wide range of inefficiencies. They range from limited technology and production management skills to limitedcultivation advancement. Applications of technical improvements are desired to enhance the national competitive advantage to the next level. This paper is an exploration of the current management culture and to consider a strategic management model that would be the most appropriate for Indonesia and would enourage high end technology and plantation management. A gradual level improvement would enable Indonesia to compete on a global scale as an industry leader in the palm oil market.

  15. Evaluation of Corporate Websites and Their Influence on the Performance of Olive Oil Companies

    Directory of Open Access Journals (Sweden)

    Enrique Bernal Jurado

    2018-04-01

    Full Text Available Spain is among the largest producers of organic olive in the world. Yet the Spanish organic olive oil sector faces a major commercial problem due to an internal demand that is too small to match the volume of supply. Factors that explain this problem include the scarcity and scattered nature of points of sale, the lack of information available to consumers, and the very large gulf in the price between organic and nonorganic olive oil. To address these problems, the literature highlights the key commercial role of information and communication technologies (ICTs. The corporate website is a core element around which the company’s e-commerce activity revolves. The goal of this study is to confirm the relationship between business efficiency, measured using data envelopment analysis (DEA, and the quality of the corporate website, measured using the extended Model of Internet Commerce Adoption (eMICA. Although this analysis did not identify a direct relationship between these two variables, fuzzy-set Qualitative Comparative Analysis (fsQCA revealed that combinations of elements related to corporate website quality (interactivity and processing, organizational, and structural factors (size of firm and outsourcing of ICT management can have a direct effect on organizational performance, measured in terms of economic efficiency.

  16. Decree 316/011. It approve the bases for the oil companies selection process about the hydrocarbons exploration and exploitation in the Republica Oriental del Uruguay offshore Round II including the respective model contract

    International Nuclear Information System (INIS)

    2011-01-01

    This decree approve the bases for the oil companies interested in the hydrocarbons exploration and exploitation in the Republica Oriental del Uruguay. The energetic fossil research is regulated by the energetic sector with rules defined by the executive. Ancap evaluate the company proposals in relation of different topics such as drilling and processing, electromagnetism, sea floor sediments samples, oil well evidences and seismic information

  17. Use and benefit summary of General Electric Company thermocase insulated tubulars for steam enhanced oil recovery

    Energy Technology Data Exchange (ETDEWEB)

    Traynor, B.V. Jr.; Hawley, J.R.; Marziani, V.J.; Prevost, W.M.

    1982-01-01

    General Electric Co.'s (GE) first well-bore insulation in 1969 resulted from the industry's need to produce hot oil on Alaska's North Slope without damaging the permafrost. In the past 3 yr, over 500,000 linear ft of GE's Thermocase has been sold. Thermocase tubulars are in use in California, Wyoming, Texas, Canada, Venezuela, and the USSR. Thermocase insulated tubulars are being used in a wide range of reservoirs under a variety of completion designs. This study discusses field experience, thermal completion benefits afforded by Thermocase tubulars, a quantified economic evaluation in a 1000-ft application, as well as GE's product verification, test and rigid quality control program.

  18. Local content: worldwide trends and the Brazilian experience in the oil and gas sector; Conteudo local: tendencias mundiais e a experiencia brasileira no setor de oleo e gas

    Energy Technology Data Exchange (ETDEWEB)

    Pedrosa Junior, Oswaldo A.; Guimaraes, Paulo Buarque [Associacao Brasileira dos Produtores Independentes de Petroleo e Gas - ABPIP, Rio de Janeiro, RJ (Brazil); Fernandez y Fernandez, Eloi [Organizacao Nacional da Industria do Petroleo, Rio de Janeiro, RJ (Brazil)

    2008-07-01

    In recent years a trend on increasing requirements for local investments has been observed worldwide in the petroleum industry. Host countries expect to have increasing social and economical benefits from the development of the oil and gas industry. This expectation drives at a more comprehensive concept of local content to include commitment with social, industrial, and technological development. The Brazilian experience has shown a lot of emphasis on local industry development. Initiatives from governmental authorities and the private sector have been implemented to increase the local industry participation in the oil and gas projects. The current regulation focus on the full and fair opportunities for the local suppliers and the local content commitment established in the E and P concession agreements. A key issue on promoting local content initiatives is to assure that the competitiveness of the indigenous industry will be developed and preserved. The constraints on building up the local industry competitiveness will be addressed, focusing on the taxation overburden, lack of adequate local financing, and internal structural aspects affecting industrial productivity. In addition to this, the experiences on measuring local content for offshore construction and drilling are highlighted. Technology development and technical capability have been addressed by incentive programs for the O and G sector. Finally, the technology learning process and the regulatory requirements to invest in R and D programs conducted by Brazilian technological institutions are discussed. (author)

  19. A method for calculating a land-use change carbon footprint (LUC-CFP) for agricultural commodities - applications to Brazilian beef and soy, Indonesian palm oil.

    Science.gov (United States)

    Persson, U Martin; Henders, Sabine; Cederberg, Christel

    2014-11-01

    The world's agricultural system has come under increasing scrutiny recently as an important driver of global climate change, creating a demand for indicators that estimate the climatic impacts of agricultural commodities. Such carbon footprints, however, have in most cases excluded emissions from land-use change and the proposed methodologies for including this significant emissions source suffer from different shortcomings. Here, we propose a new methodology for calculating land-use change carbon footprints for agricultural commodities and illustrate this methodology by applying it to three of the most prominent agricultural commodities driving tropical deforestation: Brazilian beef and soybeans, and Indonesian palm oil. We estimate land-use change carbon footprints in 2010 to be 66 tCO2 /t meat (carcass weight) for Brazilian beef, 0.89 tCO2 /t for Brazilian soybeans, and 7.5 tCO2 /t for Indonesian palm oil, using a 10 year amortization period. The main advantage of the proposed methodology is its flexibility: it can be applied in a tiered approach, using detailed data where it is available while still allowing for estimation of footprints for a broad set of countries and agricultural commodities; it can be applied at different scales, estimating both national and subnational footprints; it can be adopted to account both for direct (proximate) and indirect drivers of land-use change. It is argued that with an increasing commercialization and globalization of the drivers of land-use change, the proposed carbon footprint methodology could help leverage the power needed to alter environmentally destructive land-use practices within the global agricultural system by providing a tool for assessing the environmental impacts of production, thereby informing consumers about the impacts of consumption and incentivizing producers to become more environmentally responsible. © 2014 John Wiley & Sons Ltd.

  20. Uso de óleo de aroeira-vermelha sobre o desempenho e a morfometria intestinal de frangos de corte Brazilian red pepper oil use on the performance and intestinal morphometry of broilers

    Directory of Open Access Journals (Sweden)

    Maria Aparecida da Silva

    2010-10-01

    Full Text Available Avaliou-se a utilização do óleo essencial extraído dos frutos de aroeira-vermelha (Schinus terebinthifolius Raddi na dieta de frangos de corte sobre o desempenho e a morfometria intestinal. Utilizaram-se 240 pintos de um dia de idade, machos, da linhagem Cobb, distribuídos em delineamento inteiramente casualizado em grupos de cinco tratamentos e quatro repetições: sem antibiótico e anticoccidiano (controle negativo; com antibiótico e anticoccidiano (controle positivo; com 0,1% de óleo de aroeira; com 0,2% de óleo de aroeira; e com 0,4% de óleo de aroeira. O consumo de ração, peso corporal e conversão alimentar foram influenciados significativamente pelos tratamentos (PThe aim of this research was to evaluate the use of essential oil obtained from the fruits of Brazilian red pepper in the performance and intestinal morphometry of broilers. A total of 240 day-old male chicks Cobb were used, distributed in a randomized design in groups of five treatments and four replicates of 12 birds each: diet without antibiotics and anticoccidial agent (negative control; diet with antibiotic and anticoccidial agent (positive control; diets with 0.1% of Brazilian red pepper oil; diets with 0.2% of Brazilian red pepper oil; diets with 0.4% of Brazilian red pepper oil. Feed intake, body weight and feed conversion were influenced by treatments (P <0.05. It was observed that the broilers fed with the growth promoter antibiotic had a superior performance than the untreated broilers (P<0.05. In the period of 1-21 days, the inclusion of 0.4% Brazilian red pepper oil resulted in improvements in feed conversion and increased weight gain compared to other treatments (P<0.05. From 22-47 days of age it was observed that regardless of the level of Brazilian red pepper oil, their use resulted in a higher weight gain and final weight (P<0.05 and it was recorded a maximum villous height in broilers fed with Brazilian red pepper oil as compared to birds not

  1. Over a barrel: Government influence and mergers and acquisitions in the petroleum industry. The case of Sun Oil Company, 1938-1980

    Energy Technology Data Exchange (ETDEWEB)

    Powers, W.P. Jr.

    1993-01-01

    This dissertation examines the nature of government business relations, as perceived by the owners and managers of the Sun Oil Company, a large integrated oil and gas producer, transporter, refiner, and marketer. Sun has had a long and profitable career in the oil industry, success which came despite a complex, often bitter relationship with government in its regulatory and antitrust capacity. The founding Pew family has historically been quite outspoken in its opposition to what they perceived to be the government's chronic, unwelcome intrusion into the affairs of business. Sun's almost one hundred year history can be readily divided into two distinct phases. The first, the period from 1938-1947, could best be characterized as the time when Sun Company officials fought bitterly against what they thought to be excessive government domination over their industry, fearing either the government's outright takeover, or its imposition of burdensome restrictions. After freeing themselves from the government's oppression, Sun management then set out to build a growing, profitable oil concern. From 1938 to the present, Sun has undertaken several transactions that have established the firm as a highly successful petroleum company, including a merger, an aborted takeover, and a successful acquisition. Sun's survival in an endeavor where many perish, either purchased or driven out, provides the focus of this dissertation.

  2. Oil palm land conversion in Pará, Brazil, from 2006-2014: evaluating the 2010 Brazilian Sustainable Palm Oil Production Program

    Science.gov (United States)

    Benami, E.; Curran, L. M.; Cochrane, M.; Venturieri, A.; Franco, R.; Kneipp, J.; Swartos, A.

    2018-03-01

    Global models of biophysical suitability for oil palm consistently rank Brazil as having the greatest potential for expansion, with estimates as high as 238 Mha of suitable lands. In 2010, Brazil launched the Sustainable Palm Oil Production Program (SPOPP) to incentivize oil palm development without deforestation on as much as 30 Mha. Here we examine oil palm expansion before and after the SPOPP’s launch. In Pará, the major oil palm producing state in Brazil, we analyze the extent and change in oil palm cultivation from 2006-2014 using satellite imagery, ground-truthed verification, site-based interviews, and rural environmental (land) registration data. Between 2006-2014, oil palm area (≥9 ha) expanded >200% to ~219 000 ha. Of the ~148 000 ha of oil palm developed, ~91% converted pasturelands while ~8% replaced natural vegetation, including intact and secondary forests. Although >80% of all oil palm parcels rest role of agro-ecological suitability mapping among them. Interviews indicated that: (1) individual effects of suitability mapping efforts to encourage oil palm expansion on cleared areas, i.e. without deforestation, cannot be disentangled from pre-existing public and private deforestation reduction initiatives; and, (2) socio-economic constraints, e.g. high relative production costs and limited familiarity with this crop, appear to partially explain the major discrepancy between estimated potential suitable areas with realized oil palm development.

  3. An application of multiple criteria decision-making techniques for ranking different national Iranian oil refining and distribution companies

    Directory of Open Access Journals (Sweden)

    Ibrahim Nazari

    2012-10-01

    Full Text Available Performance measurement plays an essential role on management of governmental agencies especially when profitability is not the primary concern and we need to consider other important factors than profitability such as customer satisfaction, etc. In this paper, we propose a multi-criteria decision making method to rank different national Iranian oil refining and distribution companies. The proposed study of this paper uses six factors including per capita supply, energy cost, physical productivity of labor, staff participation, quality control inspection of stations and education per capita. The proposed study uses Entropy to find the relative importance of each criterion and TOPSIS to rank 37 alternatives based on cities and three regions. The results of the implementation of our method indicate that central regions close to capital city of the country maintains the highest ranking (0.9122 while southern regions maintains the lowest comes in the lowest priority (0.0569 and the northern region is in the middle (0.7635.

  4. Level of knowledge about the effect of obesity on hypertension among the patients of Isfahan Oil Company Polyclinic, Iran

    Directory of Open Access Journals (Sweden)

    Zamane Vafaei

    2012-12-01

    Full Text Available BACKGROUND: Hypertension is a chronic disease and is one of the complications of Obesity. Based on this serious complication and the importance of preventing hypertension, we decided to study the level of public knowledge about the effect of obesity on hypertension.    METHODS: The present study was conducted through simple random sampling (SRS on 262 patients of Isfahan Oil Company Polyclinic, Iran. In order to collect the required data, we provided special questionnaires which were completed by the patients.    RESULTS: Most of the patients participating in our study were over 40 years of age (50%. The next largest age group consisted of 40‐45 year olds (14%. The lowest educational status was high school diploma (41.3%, and 75.7% were married. 60.7% of the participants mentioned hypertension as a complication of obesity. 21.1% stated that hypertension is not a complication of obesity and18.2% did not know.    CONCLUSION: Since public knowledge about the effect of obesity on hypertension is rather moderate, efforts to increase public knowledge and treat obesity are important in reducing the rate of patients with hypertension.       Keywords: Knowledge, Obesity, Hypertension

  5. How international oil and gas companies respond to local content policies in petroleum-producing developing countries: A narrative enquiry

    International Nuclear Information System (INIS)

    Ngoasong, Michael Zisuh

    2014-01-01

    This paper uses narrative analysis to critically examine the business practices used by five international oil and gas companies (IOCs) (Chevron, ExxonMobil, Shell, BP and Total) to respond to local content policies in petroleum-producing developing countries (Nigeria, Angola, Venezuela, Kazakhstan, Brazil, Indonesia, Yemen and Indonesia) during the period 2000–2012. The business practices include the formulation of local content strategies that are implemented through programmes and initiatives aimed at developing and using host country suppliers and workforce. Such practices and the narratives used to communicate them implicitly reflect the context in which the effectiveness of local content policies on economic development can be assessed. By comparing and contrasting the narratives across the five IOCs in relation to the wider literature, four emergent narrative strategies justifying the business practices of IOCs are identified and discussed. They include: (1) direct engagement to renegotiate local content requirements with governments, (2) legal compliance framework, (3) the business case for local content strategies, and (4) corporate social responsibility (CSR) initiatives. The conclusion considers the policy implications of these findings for local content development in petroleum-producing developing countries. - Highlights: • Local content policies define the local context that shape IOCs’ business practices. • Provides a narrative analysis of the business practices of IOCs in developing countries. • IOCs use four narrative strategies to relate their business practices to local content policies. • The business practices of IOCs can determine the effectiveness of local content policies

  6. The Supreme Federal Court of Brazil and the law of oil; O Supremo Tribunal Federal e a Lei do petroleo

    Energy Technology Data Exchange (ETDEWEB)

    Reis, Marcio Monteiro

    2008-07-01

    The following paper aims to analyze the local oil legal framework and the Brazilian Federal Supreme Court ('STF') footprint pursuant Constitutional Amendment n. 5. Such Amendment allowed local and international companies to act in the Brazilian oil market. This paper also analyses Law 9.478, which created the National Oil Agency ('ANP') with great innovations to the market. Therefore, a historic timeline comparing the enactment of such rules 'vis-a-vis' certain issues raised before STF through Direct Actions of Unconstitutionality will be presented (author)

  7. Effects of Dietary Brazilian Palm Oil (Mauritia flexuosa L. on Cholesterol Profile and Vitamin A and E Status of Rats

    Directory of Open Access Journals (Sweden)

    Jailane de Souza Aquino

    2015-05-01

    Full Text Available In vitro studies have been carried out to establish the nutritional differences between crude and refined vegetable oils; however, the impact of the consumption of these foods on metabolism, in particular the effect of buriti oil, needs to be further evaluated. The aim of this study was to evaluate the biochemical and murine parameters and the vitamin A and E status in young rats fed with diets supplemented with crude or refined buriti oil. The animals (n = 30 were randomized into three groups receiving diet added of soybean oil (control, crude buriti oil (CBO and refined buriti oil (RBO for 28 days. Rats fed with diet added of refined buriti oil (RBO showed reduced total cholesterol (up to 60.27%, LDL (64.75%, triglycerides (55.47% and enzyme aspartate transaminase (21.57% compared to those fed with diet added of crude oil. Serum and hepatic retinol and tocopherol were higher by two to three times in CBO and RBO groups compared to the control group, but no differences were observed for murine parameters. The results indicate that buriti oil is an important source of the antioxidant vitamins A and E, and refined buriti oil is suggested as alternative to improve the lipid profile of healthy rats.

  8. Understanding organization and institutional changes for management of environmental affairs in the Brazilian petroleum sector

    International Nuclear Information System (INIS)

    Oliveira, J.A.P. de

    2003-01-01

    This article analyzes how governments and an oil company adapted their institutional and organization frameworks to manage actual and potential environmental impacts of oil-related activities in Brazil. Two major factors are important for understanding these changes. First, the monopoly of the state to explore and produce oil is over. Foreign companies have entered Brazil and increased the competitiveness of the oil sector. Second, major oil spills into waterways in recent years resulted in severe fines and an increasing outcry from government and civil society representatives for greater control over oil activities. These two factors raised a debate about what are, or should be, the roles of various stakeholders involved in controlling oil activities and their impacts on the environment. Legislative changes assigned different roles to the state oil company, to a newly created regulatory agency, to the Navy and to federal and state environmental agencies. Because many of the legal changes were not well defined, accountability among institutional actors remained unclear and institutional conflicts about who is accountable for what were likely to occur. As well, government organizations, public prosecutors, media and civil society increasingly influenced the regulation of both government agencies and companies. As a result, these responded to regulatory change and market forces by changing their relations with external stakeholders and their organizational arrangements for environmental management. This article identifies some of the institutional conflicts in selected case studies from the oil industry, the difficulties in clarifying regulatory roles within the industry, and responses in terms of the environmental strategies of regulatory bodies and oil companies, specifically the Brazilian state company, Petrobas. (author)

  9. Oil geopolitics and its implications to the production and technological strategies for the usage of brazilian oil resources; Geopolitica do petroleo e suas implicacoes sobre as estrategias produtivas e tecnologicas para o aproveitamento dos recursos petroliferos nacionais

    Energy Technology Data Exchange (ETDEWEB)

    Machado, Giovani [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Programa de Planejamento Energetico. Programa de Recursos Humanos da ANP, PRH-21

    2004-07-01

    This study evaluates the implications of different geopolitics scenarios over the productive and technological strategies for exploiting national oil resources. Initially, it discusses the international oil market fundamentals, focusing the dynamics of the light-heavy prices differential. Then, it analysis the effects three possible scenarios over such market fundamentals: Strong OPEC due to 'reinforcement of the price band mechanism discipline'; Weak OPEC due to 'market contestation' (productive empowerment of non-OPEC countries or quitting of OPEC member-countries interested in getting more productive autonomy - such as Algeria, Nigeria and, eventually, Iraq); and, Weak OPEC due to 'strategies to reduce geopolitics vulnerability' (minimization of supply disruption risks). Afterwards, it evaluates the impacts of those scenarios over the productive and technological strategies for exploiting national oil resources. Finally, it concludes that the scenarios of Strong OPEC and Weak OPEC due to 'strategies to reduce geopolitics vulnerability' are the most favorable for the exploitation of national oil resources, whilst the scenario Weak OPEC due to 'market contestation' would challenge the oil companies operating in the country to generate productive and technology strategies which strongly promotes E and P cost reduction in Brazil in order to maintain the competitiveness of the national oil. (author)

  10. A procedure to improve the information flow in the assessment of discoveries of oil and gas resources in the Brazilian context

    Energy Technology Data Exchange (ETDEWEB)

    Rosa, Henrique; Suslick, Saul B.; Sousa, Sergio H.G. de [Universidade Estadual de Campinas, SP (Brazil). Inst. of Geosciences; Castro, Jonas Q. [ANP - Brazilian National Petroleum Agency, Rio de Janeiro, RJ (Brazil)

    2004-07-01

    This paper is focused on the elaboration of a standardization model for the existing flow of information between the Petroleum National Agency (ANP) and the concessionaire companies in the event of the discovery of any potentially commercial hydrocarbon resources inside their concession areas. The method proposed by Rosa (2003) included the analysis of a small sample of Oil and Gas Discovery Assessment Plans (PADs), elaborated by companies that operate in exploratory blocks in Brazil, under the regulatory context introduced by the Petroleum Law (Law 9478, August, 6th, 1997). The analysis of these documents made it possible to identify and target the problems originated from the lack of standardization. The results obtained facilitated the development of a model that helps the creation process of Oil and Gas Discovery Assessment Plans. It turns out that the standardization procedures suggested provide considerable advantages while speeding up several technical and regulatory steps. A software called 'ePADs' was developed to consolidate the automation of the several steps in the model for the standardization of the Oil and Gas Discovery Assessment Plans. A preliminary version has been tested with several different types of discoveries indicating a good performance by complying with all regulatory aspects and operational requirements. (author)

  11. Prioritizing Improvable Human Capital Processes in Esfahan Oil Refinery Company Based on PCF and by IPA approach

    Directory of Open Access Journals (Sweden)

    Reza Behmanesh

    2012-06-01

    Full Text Available Development and management of human capital is an important task because it affects the performance of organization and hence the process improvements. However, it is necessary to deploy performance evaluation to prioritize improvable processes due to limited human resource, time and equipments. The objective of this research is to evaluate performance of the developed and managed human capital based upon the predetermined key performance indicators of American Productivity and Quality Center (APQC and to prioritize processes by Importance-Performance Analysis (IPA approach. As a case study, Esfahan Oil Refining Company (EORC has been studied. In order to analyze hypotheses, the state of human resource has been determined through data extracting among the best practice industries, and hence the strengths and weaknesses of the EORC have been identified. Finally, fuzzy numbers have been assigned to the Key Performance Indicators (KPIs and then the processes have been measured using the average value of its related KPIs. Consequently, the importance of the developed and managed human capital processes could be determined using the five points Likert spectrum. The reliability of the questionnaire has been determined by the Cronbach's Alpha of higher than 0.7, which is satisfactory. Findings imply that 10 out of 35 HCM processes in needs of improvement are prioritized as managing employee performance managing employee relations managing employee orientation and deployment developing and managing employee metrics developing and training employees managing employee communication managing human resource information systems (HRIS managing and maintaining employee data managing employee inquiry process and developing and managing time and attendance.

  12. Discriminating Brazilian crude oils using comprehensive two-dimensional gas chromatography-mass spectrometry and multiway principal component analysis.

    Science.gov (United States)

    Prata, Paloma S; Alexandrino, Guilherme L; Mogollón, Noroska Gabriela S; Augusto, Fabio

    2016-11-11

    The geochemical characterization of petroleum is an essential task to develop new strategies and technologies when analyzing the commercial potential of crude oils for exploitation. Due to the chemical complexity of these samples, the use of modern analytical techniques along with multivariate exploratory data analysis approaches is an interesting strategy to extract relevant geochemical characteristics about the oils. In this work, important geochemical information obtained from crude oils from different production basins were obtained analyzing the maltene fraction of the oils by comprehensive two-dimensional gas chromatography coupled to quadrupole mass spectrometry (GC×GC-QMS), and performing multiway principal component analysis (MPCA) of the chromatographic data. The results showed that four MPC explained 93.57% of the data variance, expressing mainly the differences on the profiles of the saturated hydrocarbon fraction of the oils (C 13 -C 18 and C 19 -C 30 n-alkanes and the pristane/phytane ratio). The MPC1 grouped the samples severely biodegraded oils, while the type of the depositional paleoenvironments of the oils and its oxidation conditions (as well as their thermal maturity) could be inferred analysing others relevant MPC. Additionally, considerations about the source of the oil samples was also possible based on the overall distribution of relevant biomarkers such as the phenanthrene derivatives, tri-, tetra- and pentacyclic terpanes. Copyright © 2016 Elsevier B.V. All rights reserved.

  13. The overseas acquisitions and equity oil shares of Chinese national oil companies: A threat to the West but a boost to China's energy security?

    International Nuclear Information System (INIS)

    Zhang Zhongxiang

    2012-01-01

    This paper argues that both China and the Western countries need to de-politicize China's global quest for energy security. The Western politicians need to recognize that their rhetoric in relation to China's efforts to secure energy supplies overseas has done nothing but intensify China's fear that they might seek to deny China's access to the oil it needs for the development. China needs to reconsider its stance of distrusting global oil markets and to recognize that the reliance on aggressive acquisitions of overseas oil fields and equity oil production has been of little help in strengthening its energy security. Given that China's energy security depends increasingly and deeply on the stability of global oil markets and reliable and growing oil supplies to the market, China shares with other major oil importing countries profound common interests in maintaining and strengthening the stability of global oil markets and reducing the chance of potential disruptions to oil supply and the resulting damaging oil price shocks.

  14. Chemical Composition of Four Essential Oils of Eugenia from the Brazilian Amazon and Their Cytotoxic and Antioxidant Activity.

    Science.gov (United States)

    da Silva, Joyce Kelly R; Andrade, Eloisa Helena A; Barreto, Leilane H; da Silva, Nádia Carolina F; Ribeiro, Alcy F; Montenegro, Raquel C; Maia, José Guilherme S

    2017-07-08

    Background: Eugenia species are appreciated for their edible fruits and are known as having anticonvulsant, antimicrobial and insecticidal actions. Methods: The plant material was collected in the southeastern Pará state of Brazil and submitted to hydrodistillation. GC-MS analyzed the oils, and their antioxidant and cytotoxic activities were evaluated by the DPPH and MTT assays. Results: The main components identified in the Eugenia oils were 5-hydroxy- cis -calemene, (2 E ,6 E )-farnesol, (2 E ,6 Z )-farnesol, caryophylla-4(12),8(13)-dien-5α-ol-5β-ol, E -γ-bisabolene, β-bisabolene, germacrene D, and ishwarane. The oil of E. egensis showed the most significant antioxidant activity (216.5 ± 11.6 mg TE/mL), followed by the oils of E. flavescens (122.6 ± 6.8 mg TE/mL) and E. patrisii (111.2 ± 12.4 mg TE/mL). Eugenia oils were cytotoxic to HCT-116 (colon cancer) cells by the MTT assay, where the most active was the oil of E. polystachya (10.3 µg/mL), followed by the oils of E. flavescens (13.9 µg/mL) and E. patrisii (16.4 µg/mL). The oils of E. flavescens and E. patrisii showed the highest toxicity for MRC5 (human fibroblast) cells, with values of 14.0 µg/mL and 18.1 µg/mL, respectively. Conclusions: These results suggest that Eugenia oils could be tested in future studies for the treatment of colon cancer and oxidative stress management.

  15. Tax incentives for small and average companies in oil and gas industry; Incentivos fiscais as pequenas e medias empresas na industria do petroleo e gas

    Energy Technology Data Exchange (ETDEWEB)

    Marques, Alfran Marcos Borges; Xavier, Yanko Marcius de Alencar [Universidade Federal do Rio Grande do Norte (UFRN), Natal, RN (Brazil)

    2008-07-01

    Specialists of the most different branches of the economy and the politics are unanimous in inside pointing average the small importance of the e entrepreneurs with respect to the distribution of wealth of our country, as well as great generators of social development. The Brazilian government also recognizes this truth and already it signals with a treatment differentiated in the direction to confer greater competitiveness to these economic actors. Test of that is the series of twirled constant easinesses in the last ones of licitations carried through by the ANP. However, we know that only a differentiated tributary treatment will be able to provide the true change of this scene where, apparently, the gigantic conglomerates seem to dominate the market of oil production and natural gas. The proposal of the present work consists of the study of the tributary instruments to the disposal of the Brazilian system law that small and average entrepreneurs can explore and produce with the maximum of economic and social return. (author)

  16. Oil refining expansion criteria for Brazil

    International Nuclear Information System (INIS)

    Tavares, M.E.E.; Szklo, A.S.; Machado, G.V.; Schaeffer, R.; Mariano, J.B.; Sala, J.F.

    2006-01-01

    This paper assesses different strategies for the expansion of Brazil's oil refining segment, using criteria that range from energy security (reducing imports and vulnerability for key products) through to maximizing the profitability of this sector (boosting the output of higher value oil products) and adding value to Brazil's oil production (reducing exports of heavy acid oil). The development prospects are analyzed for conventional fuel production technology routes, sketching out three possible refining schemes for Brazilian oil and a GTL plant for producing gasoil from natural gas. Market scenario simulations indicate that investments will be required in Brazil's oil refining segment over and above those allocated to planned modifications in its current facilities, reducing the nation's vulnerability in terms of gasoil and petrochemical naphtha imports. Although not economically attractive, oil refining is a key activity that is crucial to oil company strategies. The decision to invest in this segment depends on local infrastructure conditions, environmental constraints and fuel specifications, in addition to oil company strategies, steady growth in demand and the definition of a government policy that eases institutional risks. (author)

  17. Oil refining expansion criteria for Brazil

    International Nuclear Information System (INIS)

    Tavares, Marina Elisabete Espinho; Szklo, Alexandre Salem; Machado, Giovani Vitoria; Schaeffer, Roberto; Mariano, Jacqueline Barboza; Sala, Janaina Francisco

    2006-01-01

    This paper assesses different strategies for the expansion of Brazil's oil refining segment, using criteria that range from energy security (reducing imports and vulnerability for key products) through to maximizing the profitability of this sector (boosting the output of higher value oil products) and adding value to Brazil's oil production (reducing exports of heavy acid oil). The development prospects are analyzed for conventional fuel production technology routes, sketching out three possible refining schemes for Brazilian oil and a GTL plant for producing gasoil from natural gas. Market scenario simulations indicate that investments will be required in Brazil's oil refining segment over and above those allocated to planned modifications in its current facilities, reducing the nation's vulnerability in terms of gasoil and petrochemical naphtha imports. Although not economically attractive, oil refining is a key activity that is crucial to oil company strategies. The decision to invest in this segment depends on local infrastructure conditions, environmental constraints and fuel specifications, in addition to oil company strategies, steady growth in demand and the definition of a government policy that eases institutional risks

  18. Análise dos movimentos recentes de diversificação nas empresas construtoras de porte médio no Brasil Analysis of the diversification actions developed by the Brazilian medium construction companies

    Directory of Open Access Journals (Sweden)

    João Gualberto Coutinho Rocha

    2002-01-01

    Full Text Available Ao longo dos últimos anos, as empresas brasileiras de construção civil vêm desenvolvendo ações de diversificação em seus negócios, com especial ênfase no segmento das concessões de obras e serviços públicos. Baseado em uma pesquisa realizada junto a 26 empresas construtoras de porte médio, o presente artigo pretende analisar as reais motivações, interesses, capacidades, formas associativas adotadas e resultados derivados da decisão por diversificar nessas empresas. O objetivo final do artigo é o de apontar eventuais distorções entre interesses e estratégias, e capacidades disponíveis e demandas exigidas para o cumprimento dos programas de diversificação em tais empresas, procurando, ainda, indicar caminhos alternativos para o futuro.Throughout the last years, the Brazilian construction companies have been developing diversification programs, especially in the fields of infrastructure privatization. Based on a research took effect with 26 medium companies, this article intends to study the real motivations, interests, capacities, partnership forms and results of the actions developed by these companies. The final purpose of the article is to discuss eventual distortions between interests and strategies, and abilities and demands, trying to point new strategic ways to the future.

  19. Exploratory assessment of the economic gains of a pre-salt oil field in Brazil

    International Nuclear Information System (INIS)

    Araujo Rodrigues, Larissa; Luís Sauer, Ildo

    2015-01-01

    In recent years, Brazil has made public several oil discoveries located in deep waters, below the salt layer. Discoveries are steadily enhancing national reserves and have brought the country into a new role in the global oil industry. This paper aims at investigating the economic gains that could be expected from a Brazilian oil field in the pre-salt region. Analyses were conducted based on the Libra field, the largest oil discovery in Brazil until now, with approximately 10 billion barrels. The results were calculated for different scenarios of oil prices, companies' arrangements and regulatory regimes. The findings suggest that economic gains could be higher for the Brazilian Government if the oil production were conducted under a service contract scheme. However, considering the current production-sharing regime in force for pre-salt areas, economic gains could be higher if a bidding process was conducted, ensuring for the Brazilian Government a higher participation in the oil to be produced. Additionally, the results demonstrate that under the current rules applied for the production-sharing regime, the government quota of oil has decreased over time, putting at risk economic results. - Highlights: • The paper investigates the economic gains of a pre-salt oil field in Brazil. • Government earnings could be higher under a service contract scheme. • The first production-sharing regime bid did not encourage competition. • Under the production-sharing rules government quota of oil decreases over time.

  20. Glandular trichome density and essential oil composition in leaves and inflorescences of Lippia origanoides Kunth (Verbenaceae in the Brazilian Cerrado

    Directory of Open Access Journals (Sweden)

    Luiz R.S. Tozin

    2015-06-01

    Full Text Available The essential oils from leaves and inflorescences of Lippia origanoides Kunth present aromatic and medicinal potential and have been used to treat several diseases, including melanoma. In Brazil, L. origanoides is commonly found in campo cerrado and cerrado stricto sensu, physiognomies featured mainly by the differential light conditions to which short and medium-sized plants are subjected. Our aim was to investigate the glandular trichome density and the yield and chemical composition of the essential oils in leaves and inflorescences of L. origanoides from campo cerrado and cerrado stricto sensu. For glandular density analysis, leaves and inflorescences were processed according to conventional techniques for scanning electron microscopy. The essential oils of leaves and inflorescences were obtained by hydrodistillation and identified with gas chromatography. Bracts and sepals showed the highest glandular density, followed by petals and leaves. The glandular density in the abaxial leaf surface was higher in individuals from the campo cerrado. In both populations the essential oil yield was higher in inflorescences than in leaves. The chemical composition of the essential oils varied among individuals from different areas and inside a same population. Our results demonstrated the chemical plasticity of L. origanoides suggesting the importance of monitoring its popular use.

  1. Glandular trichome density and essential oil composition in leaves and inflorescences of Lippia origanoides Kunth (Verbenaceae) in the Brazilian Cerrado.

    Science.gov (United States)

    Tozin, Luiz R S; Marques, Marcia O M; Rodrigues, Tatiane M

    2015-01-01

    The essential oils from leaves and inflorescences of Lippia origanoides Kunth present aromatic and medicinal potential and have been used to treat several diseases, including melanoma. In Brazil, L. origanoides is commonly found in campo cerrado and cerrado stricto sensu, physiognomies featured mainly by the differential light conditions to which short and medium-sized plants are subjected. Our aim was to investigate the glandular trichome density and the yield and chemical composition of the essential oils in leaves and inflorescences of L. origanoides from campo cerrado and cerrado stricto sensu. For glandular density analysis, leaves and inflorescences were processed according to conventional techniques for scanning electron microscopy. The essential oils of leaves and inflorescences were obtained by hydrodistillation and identified with gas chromatography. Bracts and sepals showed the highest glandular density, followed by petals and leaves. The glandular density in the abaxial leaf surface was higher in individuals from the campo cerrado. In both populations the essential oil yield was higher in inflorescences than in leaves. The chemical composition of the essential oils varied among individuals from different areas and inside a same population. Our results demonstrated the chemical plasticity of L. origanoides suggesting the importance of monitoring its popular use.

  2. Effect of investments on fundamentals and market reaction on pre-operational and operational Brazilian companies for the period 2006-2012

    Directory of Open Access Journals (Sweden)

    Marco Antonio Pereira

    2016-03-01

    Full Text Available ABSTRACT This paper provides evidence on the market reaction to corporate investment decisions whose shareholder value is largely attributed to growth options. The exploratory research raised pre-operational companies and their operational pairs on the same economy segments. It had the purpose of investigating the existence of statistical differentiation from financial indicators that reflect the installed assets and growth assets, and then study the market reaction to changes in fixed assets as a signaling element about investment decisions. The formation process of operational assets and shareholder value almost exclusively dependent on asset growth stands out in the pre-operational companies. As a result, differentiation tests confirmed that the pre-operational companies had their value especially derived on growth options. The market reaction was particularly bigger in pre-operational companies with abnormal negative stock returns, while the operational companies had positive returns, which may indicate that the quality of the investment is judged based on the financial disclosure. Additionally, operational companies' investors await the disclosure to adjust their prices. We conclude that the results are consistent with the empirical evidence and the participants in financial markets to long-term capital formation investments should give that special attention.

  3. Application of oil spill environmental vulnerability analysis to Brazilian road networks for hazardous cargo transportation; Aplicacao do indice de vulnerabilidade rodoviario para transporte de cargas perigosas

    Energy Technology Data Exchange (ETDEWEB)

    Mattos, M. Beatriz da Costa; Silva Junior, Carlos Leandro da; Almeida, Ana Flavia Oliveira de [Ambipetro Consultoria em Meio Ambiente e Petroleo Ltda., Natal, RN (Brazil)

    2008-07-01

    Roads provide the main means of transportation in Brazil. According to data from the Brazilian Department of Infrastructure and Transport, 96.2% of the passenger transportation and 61.8% of the cargo transportation are based on road infrastructure. However, three quarters of the Brazilian roads are in terrible, unsatisfactory or generally inadequate condition. Poor road conditions are responsible for a great number of accidents with severe consequences for the population and the environment. Given the importance of this matter, there is a need to develop an intelligent system for automatic classification of social and environmental sensitivity maps in order to support actions that respond to emergencies and to help in transportation planning, especially considering the heavy movement of hazardous cargoes such as petroleum and its derivates. For this, tools such as Geographic Information System (GIS) allow social-environmental and traffic engineering characterization maps to be analyzed on a unified, geo referenced digital base. This way, administrators can estimate which stretches of the network are more environmentally sensitive and which pose greater risks, and therefore draw inferences on the most socially and environmentally vulnerable. Social and environmental vulnerability data not only help in the classification of the areas which pose the greater risks, but also make it possible to decide on emergency support points, creating a culture of prevention in the area of hazardous cargo transportation. The case study on the state of Rio Grande do Norte provides a measure of the importance of such work. The city of Natal - the state capital - and the Guamare petrochemical facility are interconnected by 180 Km Road, on which more than 100 tanker trucks loaded with diesel and its derivates travel every day. This road is classified as in poor conditions and, according to the Brazilian Roads Police, it is one of the most dangerous. The relevance of this work is to show

  4. Propositions of new correlations for prediction of physical-chemical properties in products of Brazilian crude oil; Proposicao de novas correlacoes para calculo de propriedades fisico-quimicas de derivados de petroleos brasileiros

    Energy Technology Data Exchange (ETDEWEB)

    Pinto, Ulysses Brandao [PETROBRAS, Rio de Janeiro, RJ (Brazil)

    2008-07-01

    The prediction of products properties is a useful tool in the petroleum industry, because it allows the estimation of quality when it is not possible to be determined it in the laboratory. Among existing correlations for properties prediction, the best known are those from the American Petroleum Institute (API), but there are limitations in the use of such models to estimate the properties of Brazilian petroleum products. A study was done to determine new correlations which would adjust to these oils. In this work a statistical treatment was used in a group of samples covering products from oils produced in several regions of Brazil. The results of this study are presented in this work. New correlations are proposed to estimate the aniline point, pour point and cloud point of Brazilian oil products. The data are showed graphically, with the experimental values plotted against the results of both the proposed and the API correlations. The average absolute deviations obtained for these correlations were smaller than those presented by the API equations, for the same data sets. This work helps to improve the quality estimation of Brazilian petroleum products using process simulators. (author)

  5. A two year study of norm levels in the facilities of a major Malaysian oil and gas exploration and production company

    International Nuclear Information System (INIS)

    Bradley, D.A.

    1996-01-01

    Four comprehensive surveys of offshore and onshore facilities of a major Malaysian Oil and Gas E and P Company have been completed in the two year period since March 1993. Data include measurements of external gamma dose rate, space contamination, Rn and In progeny levels, particulate radioactivity in ambient air and radium in liquid effluent and sludge. Monitored quantities have yielded values which are for the most part in accord with those of undisturbed environments although limited occurrence of elevation of dose rate, and of radium concentration in sludge have been observed. In the latter instance measured concentrations of 226 Ra and 228 Ac have been within values of less than 1 Bq g -1 , being in general very much less than this. Comparison with reported oil and gas facility NORM levels in other parts of the world indicate present levels to be relatively low. (author)

  6. The logistics management in the sizing of the fleet of containers per ships in dedicated route - The use of computer simulation: A Brazilian shipping company case

    Directory of Open Access Journals (Sweden)

    Delmo Alves de Moura

    2015-09-01

    Full Text Available The aim of this paper is provide the use of the simulation in the discrete event to manage one important point in the logistics systems to shipping companies that is the imbalance of containers, movement of empty containers from surplus ports to deficit ports. From a survey of data from a shipping company operating in Brazil, at various ports, it was possible to model and simulate the needs in six major domestic ports of empty and full containers and seek to meet demand in the shipping market, reducing storage of containers and maintaining the level of excellence in service. Based on the discrete event simulation it was possible to analyze the problem of empty and full containers at the ports in the maritime transportation system. It was possible study the imbalance situation in the ports e provide one tool the companies to manage yours service. The data are confined to one company located in São Paulo and operating in Brazil at maritime transportation. The research shows that the imbalance problem between full and empty containers is a real case to all companies in the maritime transportation and can have effective solutions using discrete event simulation. To have excellent supply chain management it is important to have also one effective transportation system. This paper contributes to research in the inbound and outbound part of the supply chain management.

  7. Estrutura de propriedade e de controle das empresas de capital aberto no Brasil Ownership and control in brazilian limited liability companies

    Directory of Open Access Journals (Sweden)

    Dante Mendes Aldrighi

    2005-04-01

    Full Text Available This paper has as its main objective to measure the magnitude of deviations between control rights and cash-flow rights for the ultimate shareholder with the largest voting rights of limited liability companies in Brazil. Furthermore, it pinpoints how these discrepancies are generated, evaluating the relative importance of the issuance of preferred stocks with no voting rights, pyramidal arrangements of ownership, and cross-shareholdings. The data set embraces 602 companies that in 2001 complied with the mandatory requirement of filing to the CVM.

  8. Bids in Brazilian E and P oil and gas sector: evaluation, challenges and alternative models; Modelo de licitacoes de blocos: evolucao, desafios e alternativas

    Energy Technology Data Exchange (ETDEWEB)

    Araujo, Renato S.B. [Instituto Federal de Educacao, Ciencia e Tecnologia (CEFET-RN), Natal, RN (Brazil); Universidade Federal do Rio de Janeiro (UFRJ), Rio de Janeiro, RJ (Brazil). Coordenacao de Pos-graduacao e Pesquisa em Engenharia. Nucleo de Estudos de Tecnologia, Gestao e Logistica; Fernandes, Elton [Universidade Federal do Rio de Janeiro (TGL/UFRJ), Rio de Janeiro, RJ (Brazil). Coordenacao de Pos-graduacao e Pesquisa em Engenharia. Nucleo de Estudos de Tecnologia, Gestao e Logistica; Alonso, Paulo S.R. [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil); SERMAT Montagens e Instalacoes Industriais Ltda, Itaquaquecetuba, SP (Brazil)

    2008-07-01

    This paper presents results of a survey, that among other subject matter approaches the model of farewell adopted by the National Agency of Oil Gas and Biofuels - ANP in Brazil. It is an analysis and discussion of evolution of the scenario of exploration and production of hydrocarbons in this country. In addition, it analyzes issues such as competition about farewell rounds and the reconfiguration of the upstream segment. The study is based on the methodology of the study-compared cases with focus in Brazilian and OCS-GOM-EUA auction models.The results of the study suggest that the model of granting the ANP produced: degree of concentration of business moderate to high, balancing of the reserves / production and strengthen the competitive capacity of PETROBRAS and considerable insertion of new entrants in the production chain, while political factors, Economic, social and technological developments have significantly affected the performance of rounds. Facing the new scenario of international prices, discoveries of large reserves and geopolitical issues the findings point to the need to consider possible exemptions to the model and suggests alternatives. (author)

  9. Different perceptions of company leaders: Corporate social responsibility in Brazil and India

    Directory of Open Access Journals (Sweden)

    Mônica Cavalcanti Sá de Abreu

    2015-05-01

    Full Text Available This article evaluates corporate social responsibility strategies and efforts to implement them in a Brazilian oil and gas multinational and an Indian steel multinational. Qualitative research was conducted through interviews with executives of both companies, and a content analysis and comparison of approaches to corporate social responsibility and engagement with stakeholders were made. The evidence from this research shows that the type of corporate social responsibility adopted by each company depends on the ethical values, socio-economic environment, legal and institutional framework of the country in which the firm operates.

  10. Brazil: good news for oil is bad news for alcohol

    International Nuclear Information System (INIS)

    Knight, Patrick

    1999-01-01

    The impact of the doubling of oil prices and the devaluation of the Brazilian currency on the alcohol fuel programme is examined in this article, and the recent discovery by the Brazilian oil company, Petrobras, of a major new offshore oil field, the government's efforts to boost the consumption of alcohol fuel with subsidies and cheap loans, and the lower costs of running alcohol powered cars are discussed. Details of a major restructuring of the alcohol industry, the production of alcohol between 1994-1999, the boom in sugar exports, the glut of sugar cane, the falling confidence of motorists in alcohol powered cars, and the general move away from subsidies spearheaded by the World Trade Organisation are considered. (UK)

  11. Calculation and analysis of environmental costs of the atmospheric pollution from brazilian oil refinery; Calculo e analise dos custos ambientais da poluicao atmosferica emitida por uma refinaria de petroleo brasileira

    Energy Technology Data Exchange (ETDEWEB)

    Mariano, Jacqueline [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Programa de Planejamento Energetico

    2004-07-01

    The present study presents a calculation of the environmental costs associated with the atmospheric pollution from a brazilian oil refinery and its analysis (the name of this oil refinery is confidential, for this reason it will not be mentioned). The calculation of the costs was based on a study of north-american researchers, about the environmental costs of five main atmospheric pollutants: particulate matter, sulphur oxides, nitrogen oxides, volatile organic compounds (VOC's) and carbon monoxide. The original American study offers an statistical analysis of several other American studies about environmental costs of atmospheric pollution, that present maximum, medium and minimum costs. Based on these values, the total environmental costs of the atmospheric pollution from the brazilian oil refinery were calculated, considering a fifty year operational time for the facility. The internalization of the atmospheric pollution environmental costs by the refiners is aligned with the world tendency of enforcement of the environmental limitations faced by the oil refining sector, and therefore, the adoption of a pro-active attitude is recommended by the present study. (author)

  12. Uma análise da correlação entre o EVA® e o MVA® no contexto das empresas brasileiras de capital aberto Correlation between Economic Value Added and Market Value Added for publicly owned Brazilian companies

    Directory of Open Access Journals (Sweden)

    José Odálio dos Santos

    2005-03-01

    Full Text Available Este artigo trata do tema da criação de valor, da forma como é medida pelo EVA® (Valor Econômico Adicionado e pelo MVA® (Valor de Mercado Agregado, duas metodologias desenvolvidas no final dos anos 80 pela empresa americana de consultoria Stern Stewart & Co. O EVA® é definido como a diferença entre o lucro operacional líquido depois de impostos e o custo do capital investido na empresa, enquanto o MVA® é determinado pela diferença entre o valor de mercado da empresa e o capital total nela investido. Um estudo realizado por G. Bennett Stewart III, que idealizou essas metodologias juntamente com o seu sócio Joel M. Stern, encontrou uma forte correlação entre o EVA® e o MVA®. Visando averiguar se tal resultado se aplica também ao caso das empresas brasileiras, os autores deste artigo realizaram uma pesquisa semelhante, baseada numa amostra formada por empresas de capital aberto cujas ações foram negociadas na Bovespa (Bolsa de Valores de São Paulo durante o período de 1996 a 2001.This article deals with value creation as measured by Economic Value Added (EVA® and Market Value (MVA® which are methods developed by an American consultant, Stern Stewart & Co, in the late l980's. Economic Value Added is defined as the difference between net operating profit after taxes and the cost of capital invested in a company, while Market Value Added is the difference between market value and the total capital invested in a company. G. Bennett Stewart III, who conceived this approach together with his partner Joel M. Stern, found a strong correlation between Economic Value Added and Market Value Added. Our research investigated whether this also applies to a sample of publicly owned Brazilian companies traded on the São Paulo Stock Exchange between 1996 and 2001.

  13. Profile of phenolic compounds of Brazilian virgin olive oils by rapid resolution liquid chromatography coupled to electrospray ionisation time-of-flight mass spectrometry (RRLC-ESI-TOF-MS).

    Science.gov (United States)

    Ballus, Cristiano Augusto; Quirantes-Piné, Rosa; Bakhouche, Abdelhakim; da Silva, Luiz Fernando de Oliveira; de Oliveira, Adelson Francisco; Coutinho, Enilton Fick; da Croce, Dorli Mario; Segura-Carretero, Antonio; Godoy, Helena Teixeira

    2015-03-01

    In recent years, agronomical researchers began to cultivate several olive varieties in different regions of Brazil to produce virgin olive oil (VOO). Because there has been no reported data regarding the phenolic profile of the first Brazilian VOO, the aim of this work was to determine phenolic contents of these samples using rapid-resolution liquid chromatography coupled to electrospray ionisation time-of-flight mass spectrometry. 25 VOO samples from Arbequina, Koroneiki, Arbosana, Grappolo, Manzanilla, Coratina, Frantoio and MGS Mariense varieties from three different Brazilian states and two crops were analysed. It was possible to quantify 19 phenolic compounds belonging to different classes. The results indicated that Brazilian VOOs have high total phenolic content because the values were comparable with those from high-quality VOOs produced in other countries. VOOs from Coratina, Arbosana and Grappolo presented the highest total phenolic content. These data will be useful in the development and improvement of Brazilian VOO. Copyright © 2014 Elsevier Ltd. All rights reserved.

  14. Rethinking "energy nationalism": a study of the relationship between nation states and companies in the oil industry

    Directory of Open Access Journals (Sweden)

    NOELE DE FREITAS PEIGO

    2015-09-01

    Full Text Available ABSTRACTThe term "energy nationalism" is frequently used by academic literature and media, but usually without adequate conceptual accuracy. Despite this, a set of papers deepens the discussion on the relationship between nation states and the energy industry, especially the oil sector. These papers allow identifying fundamental elements to understand the energy nationalism, either complementary or divergent between each other. Thus, this study aims at presenting an interpretation of the concept that fills the gaps left by the above mentioned literature based on a global analysis of the oil industry structure and its historical evolution since the mid-19thcentury.

  15. Influence of computer technology on the automation of oil and gas fields and on the companies' information structures

    Energy Technology Data Exchange (ETDEWEB)

    Graf, H.G.

    1984-02-01

    Exemplified by a Direct Digital Control System, the fundamentals of process automation are demonstrated. Description of the so-called ''General-purpose computers'' and their peripherals which are used in the mineral oil industry. Explanation of individual types of information processing such as data, process and text processing. Broad outline of typical applications of EDP Systems in the mineral oil/natural gas producing industries. Further chapters deal with the incompany information structure and with economic shaping of the information system.

  16. Comparing the environmental impacts of ethyl biodiesel production from soybean oil and beef tallow through lca for brazilian conditions

    Directory of Open Access Journals (Sweden)

    Rafael Alves Esteves

    2017-12-01

    Full Text Available The present paper sought compare the environmental impacts throughout the life cycle of biodiesel production obtained from the two raw materials most used in Brazil (soybean oil and beef tallow through the process ethyl transesterification in an alkaline medium. The reference flow adopted for the work was the generation of power supplied 1GJ from the produced biodiesel. The data used in the inventory life cycle were calculated based on similar scientific papers. The method of assessment of environmental impacts chosen was the CML 2001 modified. Altogether, it were analyzed nine categories of environmental impacts for both processes (abiotic depletion (kg Sb eq, land use (m2a, global warming (kg CO2 eq, ozone layer depletion (kg CFC-11 eq, human toxicity (kg 1,4-DB eq, freshwater ecotoxicity (kg 1,4-DB eq, terrestrial ecotoxicity (kg 1,4-DB eq, acidification (kg SO2 eq and eutrophication (kg PO43- eq. The results of evaluation of environmental impacts show that the biodiesel production process from soybean oil presents major environmental damage in seven categories of analyzed impacts (destruction of abiotic resources, destruction of the ozone layer, human toxicity, freshwater ecotoxicity, terrestrial ecotoxicity, acidification and eutrophication. The production process of biodiesel from tallow presents major environmental damage in two categories of impacts analyzed (land use and global warming. However, the results show that the absolute values of environmental damage caused by impacts of the production process using beef tallow are much more aggressive.

  17. 75 FR 38093 - ConocoPhillips Alaska Natural Gas Corporation and Marathon Oil Company; Application for Blanket...

    Science.gov (United States)

    2010-07-01

    ... natural gas reserves support the conclusion that there are sufficient supplies to satisfy local demand and... and/ or one or more other countries globally with which trading is not prohibited by U.S. law for a.... Department of Energy (FE-34), Office of Oil and Gas Global Security and Supply, Office of Fossil Energy...

  18. Mast cell concentration and skin wound contraction in rats treated with Brazilian pepper essential oil (Schinus terebinthifolius Raddi).

    Science.gov (United States)

    Estevão, Lígia Reis Moura; Medeiros, Juliana Pinto de; Simões, Ricardo Santos; Arantes, Rosa Maria Esteves; Rachid, Milene Alvarenga; Silva, Regildo Márcio Gonçalves da; Mendonça, Fábio de Souza; Evêncio-Neto, Joaquim

    2015-04-01

    To evaluate wound contraction and the concentration of mast cells in skin wounds treated with 5% BPT essential oil-based ointment in rats. Twenty rats, male, of adult age, were submitted to skin surgery on the right (RA) and left antimeres (LA) of the thoracic region. They were divided into two groups: control (RA - wounds receiving daily topical application of vaseline and lanolin) and treated (LA - wounds treated daily with the topical ointment). The skin region with wounds were collected at days 4, 7, 14 and 21 after surgery. Those were fixed in 10% formaldehyde and later processed for paraffin embedding. Sections were obtained and stained by H.E for histopathology analysis. The degree of epithelial contraction was measured and mast cell concentration were also evaluated. The treated group showed higher mast cell concentrations (poil increases mast cell concentration and promotes skin wound contraction in rats.

  19. Custos dos Serviços de Não-auditoria (SNA das Maiores Empresas Brasileiras = Non-audit service (SNA fees in the biggest brazilian companies

    Directory of Open Access Journals (Sweden)

    Carolina Aguiar da Rosa

    2014-04-01

    Full Text Available O objetivo deste artigo é caracterizar os custos dos Serviços de Não-Auditoria – SNA das maiores empresas listadas na Bolsa de Valores de São Paulo – BM&FBOVESPA. Para a consecução deste trabalho foram utilizadas as informações divulgadas no Formulário de Referência – FR e no Relatório de Administração – RA, relativas ao ano de 2010, das 100 maiores empresas classificadas por valor de mercado, apresentadas na Revista Exame. Para identificar os elementos que caracterizam os grupos de empresas com diferentes custos de SNA evidenciados utilizou-se a análise de variância, avaliando-se a partir das variáveis ativo total, patrimônio líquido, resultado líquido e custos dos serviços de auditoria externa - SAE. Os resultados encontrados demonstram que os SNA mais utilizados pelas empresas são os de auditoria de impostos (31%. Por outro lado, os serviços de auditoria SOX detêm um custo expressivo, representando 16% do total de SNA, mas possuem uma baixa incidência, que pode ser justificada por uma preocupação recente com a governança corporativa. Uma preocupação com a evidenciação dos SNA pode surgir, pois 50% dos custos evidenciados pelas empresas compõem o grupo “outros serviços” e não são explicitados os tipos de serviços que fazem parte desse grupo. Além disso, foram encontradas incoerências de informações evidenciadas no FR e RA em 35% das empresas. Quanto às relações da variabilidade dos custos dos SNA, este estudo traz evidências de que os maiores custos dos SNA evidenciados pelas empresas da amostra estão naquelas em que os custos de SAE são maiores. The aim of this paper is to characterize the costs of Non-Audit Services - SNA of the largest companies listed at BM&FBOVESPA. To achieve this study, the Reference Form - FR and Management Report - RA were used to find information about SNAdisclosed in 2010 by the top 100 companies ranked by market value, which were listed at Exame magazine. To

  20. Investigação sobre a existência de inovações disruptivas das grandes empresas multinacionais para o mercado brasileiro de baixa renda Large multinational companies innovations to the low-income Brazilian market

    Directory of Open Access Journals (Sweden)

    Silvia Novaes Zilber

    2013-06-01

    Full Text Available O objetivo deste estudo foi identificar se grandes empresas multinacionais no mercado brasileiro, antes focadas prioritariamente nas classes de maior poder aquisitivo, promoveram algum tipo de inovação, particularmente inovações disruptivas, a fim de atender ao emergente mercado de baixa renda, impactando a gestão da produção e/ou cadeia de suprimentos dessas multinacionais. Para isso foi utilizado o método de estudo de casos múltiplos, estudando-se as empresas Nestlé, Unilever e Johnson & Johnson. Os resultados mostraram que as multinacionais que atuam no mercado brasileiro estudadas não promoveram inovações disruptivas para atuar na base da pirâmide, pois consideraram que a faixa de classes D e E não é atrativa o suficiente para investirem no desenvolvimento de produtos para essa faixa, atendendo preferencialmente a classe C através de pequenas modificações em produtos e distribuição. Dessa forma, não foram encontradas evidências de inovações disruptivas, mas inovações sustentadoras e incrementais ligadas à adequação de produtos existentes.The objective of this study was to identify whether major multinational companies in the Brazilian market, focused primarily on higher income classes, have promoted some kind of innovation, particularly disruptive innovations, to meet the emerging low-income market, impacting the operation management and/or supply chain of these multinationals. To this end, a multiple case study method was used at Nestlé, Unilever and Johnson & Johnson. Results showed that multinational companies operating in the Brazilian market have not promoted disruptive innovations directed to the base of the pyramid, once they felt that the "D" and "E" classes are not attractive enough to justify investments in product development, directing investments preferentially to the "C" class through small changes in products and distribution. This way, no evidence of disruptive innovations was found; only

  1. Investigação sobre a existência de inovações disruptivas das grandes empresas multinacionais para o mercado brasileiro de baixa renda Large multinational companies innovations to the low-income Brazilian market

    Directory of Open Access Journals (Sweden)

    Silvia Novaes Zilber

    2012-01-01

    Full Text Available O objetivo deste estudo foi identificar se grandes empresas multinacionais no mercado brasileiro, antes focadas prioritariamente nas classes de maior poder aquisitivo, promoveram algum tipo de inovação, particularmente inovações disruptivas, a fim de atender ao emergente mercado de baixa renda, impactando a gestão da produção e/ou cadeia de suprimentos dessas multinacionais. Para isso foi utilizado o método de estudo de casos múltiplos, estudando-se as empresas Nestlé, Unilever e Johnson & Johnson. Os resultados mostraram que as multinacionais que atuam no mercado brasileiro estudadas não promoveram inovações disruptivas para atuar na base da pirâmide, pois consideraram que a faixa de classes D e E não é atrativa o suficiente para investirem no desenvolvimento de produtos para essa faixa, atendendo preferencialmente a classe C através de pequenas modificações em produtos e distribuição. Dessa forma, não foram encontradas evidências de inovações disruptivas, mas inovações sustentadoras e incrementais ligadas à adequação de produtos existentes.The objective of this study was to identify whether major multinational companies in the Brazilian market, focused primarily on higher income classes, have promoted some kind of innovation, particularly disruptive innovations, to meet the emerging low-income market, impacting the operation management and/or supply chain of these multinationals. To this end, a multiple case study method was used at Nestlé, Unilever and Johnson & Johnson. Results showed that multinational companies operating in the Brazilian market have not promoted disruptive innovations directed to the base of the pyramid, once they felt that the "D" and "E" classes are not attractive enough to justify investments in product development, directing investments preferentially to the "C" class through small changes in products and distribution. This way, no evidence of disruptive innovations was found; only

  2. The Factors Affecting the Adoption of Enviromental Management Accounting in the Oil Refining and Petrochemical Companies with Structural Equation Modeling Aprpoach

    Directory of Open Access Journals (Sweden)

    Zohre Karimi

    2017-07-01

    Full Text Available Introduction: Today, businesses must focus on profits on the one hand and social and environmental issues on the other hand to make balance between them. Conservation and sustainability are increasingly dependent on observance of corporate social responsibilities. For this reason, business units report on their sustainability and environmental accounting. The aim of this study was to examine and model the factors influencing the use of environmental management accounting tools from the points of view of financial managers and assistants who are in the oil refining and petrochemical companies. Method: The method used in this study was based on a descriptive survey and its design was quasi-experimental. For the field of study, a questionnaire including 5 general and 31 specific questions was used. The population consisted of financial administrators and assistants in oil refining and petrochemical companies, a subsidiary of the national oil company. There was no sampling method used and we tested the whole society including 182 people. To evaluate the reliability of the questionnaire, Cronbach’s Alpha and spilit-half were used. The measurement tools used in the study were reliable and none of the questions was removed. One sample t-test, Pearson correlation, confirmatory factor analysis, path analysis, structural equation modeling, two sample T-test and analysis of variance were performed by using LISREL and SPSS software. Results: The result of this test by using confirmatory factor analysis and structural equation test showed that the significance level of all the factors were larger than 1/96 and all the routes specified in the model were significant. Culture of the society in dealing with environmental issues, with a significance level of 5/54, had the greatest impact among the factors influencing the use of environmental management accounting tools. Conclusion: According to the results of the study, it is recommended that, by using

  3. The information content of supplemental reserve-based replacement measures relative to that of historical cost income and its cash and accrual components of oil and gas producing companies

    International Nuclear Information System (INIS)

    Spear, N.A.

    1992-01-01

    The empirical analysis indicated that two of the three reserve-based quantity replacement measures are very useful, in terms of explaining the security returns of full cost oil and gas producing companies during the release week of the 1982-1986 annual reports or 10-K filings of these companies. The analysis also indicated that two of the three reserve-based value replacement measures are very useful, in terms of explaining the security returns of full cost oil and gas producing companies during the release week of the 1984-1986 annual reports or 10-K filings. For the period 1987-1988, the empirical analysis indicated that all of the reserve-based quantity and value replacement measures are not useful, in terms of explaining the security returns of full cost oil and gas producing companies during the release week of the annual reports or 10-K filings. The empirical analysis showed no consistent evidence to indicate any systematic difference between the implications of the cash and accrual components of earnings of either the full cost or the successful efforts oil and gas producing companies during the release week of the annual report or 10-K filings

  4. Implementação de programas de qualidade: um survey em empresas de grande porte no Brasil Implementation of quality programs: a survey in large size Brazilian companies

    Directory of Open Access Journals (Sweden)

    Silvia Helena Boarin Pinto

    2006-05-01

    Full Text Available O objetivo deste trabalho é identificar os principais aspectos da implementação dos programas de qualidade em empresas brasileiras, a partir dos modelos mais difundidos e implementados como a certificação de sistemas de qualidade nas normas ISO 9000, o Seis Sigma e o Total Quality Management (TQM, fazendo uma análise comparativa e crítica de sua adoção pelas organizações e estudando as relações existentes entre eles, a complementaridade e as redundâncias. O tema é extremamente relevante no cenário atual, em que as companhias investem quantias significativas em diversos programas de melhoria da qualidade e possuem enormes dificuldades para avaliar o impacto estratégico, bem como o respectivo valor agregado. A metodologia adotou elementos da análise quantitativa, isto é, uma pesquisa do tipo survey. O universo para a coleta de dados foi extraído da relação "Ranking Valor 1.000", que contém as 1.000 maiores empresas brasileiras, publicadas no anuário do jornal "Valor Econômico", ano-base de 2004, partindo-se do pressuposto de que, nestas empresas, estarão os embriões dos modelos emergentes de gestão da qualidade. Posteriormente, as respostas obtidas por meio de questionários foram analisadas com o auxílio de um programa estatístico. A análise concluiu que as empresas que implantaram o programa Seis Sigma são as de maior tradição em qualidade, ou seja, adotaram outros programas anteriormente; as organizações que mais investiram em qualidade, pela adoção de programas, obtiveram sucesso nos indicadores de desempenho; e as principais causas do insucesso dos programas de qualidade ISO 9000, Seis Sigma e TQM nas organizações analisadas foram a escassez de recursos financeiros para a correta implantação e o frágil apoio da direção da empresa.This research aims to identify the main trends in the implementation of Quality Programs in Brazilian companies and is based on the most widely known and implemented

  5. Leading Players of the Global Oil and Gas Industry. Overview of Groups - SWOTs - Benchmarking - Company Profiles and Financials

    International Nuclear Information System (INIS)

    2017-07-01

    This study presents: The medium-term and mega trends of the industry market developments and geographical segments; The competitive landscape and the main corporate rankings; The main conclusions of the report, summarised in 10 analytical slides. Content: 1. Overview: The Sector, Ranking, Performance Analysis; 2. Company Profiles: Sinopec, PetroChina, Shell, ExxonMobil, BP, Total, Chevron, Gazprom, Lukoil, Eni; 3. Sources; 4. Annexes

  6. The relation between voluntary dissemination of information in Brazilian company sites and company financial performance Análise da relação entre disseminação voluntária de informações em sites corporativos e desempenho financeiro de empresas brasileiras

    Directory of Open Access Journals (Sweden)

    Jupter Júnior Moreira Luz

    2006-12-01

    Full Text Available Corporate governance is becoming an important aspect of management and internet is now convenient for disclosure of information to the market. Therefore this relation between voluntary dissemination of information in company sites and financial performance of Brazilian companies was investigated. A multiple regression analysis was of made of 40 companies, 24 that belonged to the New Bovespa Market (N1, N2 or NM as well as 16 others that did not. The extent of transparent disclosure in the form of voluntary dissemination of information in company these sites was found to be directly associated with company size, shareholder return and return on total assets. However, contrary to expectations, a statistically significant negative association was identified between return on equity and voluntary disclosure of information in company sites.A governança corporativa vem-se tornando um importante mecanismo da gestão empresarial nos últimos anos, e a internet, uma ferramenta para disseminar informações ao mercado. O objetivo deste artigo é analisar se existe associação entre disseminação voluntária de informações em sites corporativos e desempenho financeiro. A análise foi feita de uma amostra de 40 empresas, das quais 24 fazem parte do Novo Mercado da Bovespa (N1, N2 ou NM e outras 16 não fazem parte, por meio de uma regressão múltipla. Constatou-se que a disseminação voluntária de informações nos sites corporativos das empresas pesquisadas está associada diretamente ao tamanho da empresa, ao retorno acionário e ao retorno sobre o ativo total, ou seja, quanto maior a empresa, o retorno acionário e o retorno sobre o ativo, maior tende a ser a transparência e a divulgação de informações ao mercado por meio dos sites corporativos. E, contrariando as expectativas, foi encontrada, também com significância estatística, uma associação negativa entre o retorno sobre o patrimônio líquido e a disseminação voluntária de

  7. The value relevance of the foreign currency translation differences : a study of multinational oil and gas companies in Australia

    OpenAIRE

    Svetalna Vlady

    2008-01-01

    This paper investigates the relationship between foreign currency translation differences and changes in firm’s market equity value of the Australian multinational firms in the oil and gas industry. The paper empirically examines this relationship under the former Australian accounting standard AASB 1012 “Foreign Currency Translation”. The paper thereby supports the new accounting standard AASB 121 “The Effects of Changes in Foreign Exchange Rates” that adopted a functional currency approach....

  8. Uso do sistema de controle gerencial e desempenho: um estudo em empresas brasileiras sob a perspectiva da resources-based view Management control system use and performance: a study in brazilian companies using resources-based view

    Directory of Open Access Journals (Sweden)

    José Carlos Tiomatsu Oyadomari

    2011-08-01

    of the international research that has shown some contradictory results. The research was carried out in 2008, by a survey in a sample of 104 companies from Exame Magazine 1000 Biggest Brazilian Companies. Using the Structural Equation Model, the main results indicate no evidence of negative relationships between the diagnostic use and the organizational competences development, what contradicts Henri's results (2006. It was also identified that the interactive use has positive influences in the competences of Organizational Learning and Market Orientation, and these have positive influences in Performance (measured by self-evaluation. This study contributes to Brazilian research as its subject integrates Management Accounting and Strategy and also for measurement the construct Dynamic Tensions. For the practice, the result is important as it shows that companies should continue to use Management Control for diagnostic, as it helps the organization to correct errors, simultaneously recommending the use of interactive way to activate organizational ompetences.

  9. Development of High Heat Input Welding High Strength Steel Plate for Oil Storage Tank in Xinyu Steel Company

    Science.gov (United States)

    Zhao, Hemin; Dong, Fujun; Liu, Xiaolin; Xiong, Xiong

    This essay introduces the developed high-heat input welding quenched and tempered pressure vessel steel 12MnNiVR for oil storage tank by Xinyu Steel, which passed the review by the Boiler and Pressure Vessel Standards Technical Committee in 2009. The review comments that compared to the domestic and foreign similar steel standard, the key technical index of enterprise standard were in advanced level. After the heat input of 100kJ/cm electro-gas welding, welded points were still with excellent low temperature toughness at -20°C. The steel plate may be constructed for oil storage tank, which has been permitted by thickness range from 10 to 40mm, and design temperature among -20°C-100°C. It studied microstructure genetic effects mechanical properties of the steel. Many production practices indicated that the mechanical properties of products and the steel by stress relief heat treatment of steel were excellent, with pretreatment of hot metal, converter refining, external refining, protective casting, TMCP and heat treatment process measurements. The stability of performance and matured technology of Xinyu Steel support the products could completely service the demand of steel constructed for 10-15 million cubic meters large oil storage tank.

  10. Coordination of Project and Current Activities on the Basis of the Strategy Alignment Metamodel in the Oil and Gas Company

    Directory of Open Access Journals (Sweden)

    R. Yu. Dashkov

    2017-01-01

    Full Text Available Purpose: the purpose of this article is to describe the Strategy Alignment Metamodel of the project and current activities, which allows us to connect the Goals and Strategies for Phases of the project with the Goals and Strategies of the company at all levels of the organization through targeted measurement and application of Interpretive Models. Building Networks of Goals and Strategies, and adopting organizational solutions, you coordinate the interaction of the Project office and departments of the company. This methodology is based on a Logical Rationale of the Contexts and Assumptions for establishing Goals and Strategies both for the project and for the company, and on preparation of Contexts and Assumptions, Goals and Strategies Alignment Matrices, which provides a flexible adaptation to the internal and external environment in the process of selecting the most successful Strategies to achieve the Goals. Methods: this article is based on the concept of Goals-Questions-Metrics+ Strategies, which is adapted as another concept of strategic monitoring and control system of projects: Goals-Phases-Metrics+Strategies. These concepts have formed the basis of the Strategy Alignment Metamodel, where a technology of Phases Earned Value Management is used as a measurement system for the project activity, and Balanced scorecard is applied for current operations. Results: strategy Alignment Metamodel of the project and current activities of the company is proposed hereby. It uses modern strategic monitoring and control systems for projects: Goals-Phases-Metrics+Strategies, and for the company: Goals-Questions-Metrics+ Strategies. The interaction between these systems is based on Contexts and Assumptions, Goals and Strategies Alignment Matrices. The existence of such matrices greatly simplifies management decisions and prevents the risk of delays in the execution of project Phases based on rational participation and coordination of the company

  11. Human errors evaluation for muster in emergency situations applying human error probability index (HEPI, in the oil company warehouse in Hamadan City

    Directory of Open Access Journals (Sweden)

    2012-12-01

    Full Text Available Introduction: Emergency situation is one of the influencing factors on human error. The aim of this research was purpose to evaluate human error in emergency situation of fire and explosion at the oil company warehouse in Hamadan city applying human error probability index (HEPI. . Material and Method: First, the scenario of emergency situation of those situation of fire and explosion at the oil company warehouse was designed and then maneuver against, was performed. The scaled questionnaire of muster for the maneuver was completed in the next stage. Collected data were analyzed to calculate the probability success for the 18 actions required in an emergency situation from starting point of the muster until the latest action to temporary sheltersafe. .Result: The result showed that the highest probability of error occurrence was related to make safe workplace (evaluation phase with 32.4 % and lowest probability of occurrence error in detection alarm (awareness phase with 1.8 %, probability. The highest severity of error was in the evaluation phase and the lowest severity of error was in the awareness and recovery phase. Maximum risk level was related to the evaluating exit routes and selecting one route and choosy another exit route and minimum risk level was related to the four evaluation phases. . Conclusion: To reduce the risk of reaction in the exit phases of an emergency situation, the following actions are recommended, based on the finding in this study: A periodic evaluation of the exit phase and modifying them if necessary, conducting more maneuvers and analyzing this results along with a sufficient feedback to the employees.

  12. The strategic interaction between the government and international oil companies in the UK: An example of a country with dwindling hydrocarbon reserves

    International Nuclear Information System (INIS)

    Willigers, Bart J.A.; Hausken, Kjell

    2013-01-01

    The 2011 UK tax rise on hydrocarbon exploitation activities obviously increases short term tax revenues however the longer term effects are less clear. The strategic interaction between the UK government, a producer and a shipper has been analyzed in a game theoretical model. A complex interaction between players is expected given (1) dwindling resources and large decommissioning liabilities and (2) the fact that much of the hydrocarbons produced in the North Sea are exported through an infrastructure with shared ownership. The 2011 UK tax adjustment will most likely result in value destruction for the government, producers and shippers. Our analysis suggests that governments are unlikely to ultimately benefit from reducing their decommission liabilities at the expense of International Oil Companies. In countries with unstable tax regimes, such as the UK, International Oil Companies will adopt their strategies in anticipation of future tax changes. Their adopted strategy is a function of decommissioning liabilities and remaining reserves as well as whether they are producers, shippers or producers and shippers. The ultimate payoff of a government is a function of the remaining reserves and total decommissioning liabilities, but also depends on the distribution of these value metrics between producers and shippers. - Highlights: ► The 2011 UK hydrocarbon tax increase is likely to cause overall value destruction. ► Governments are unlikely to benefit from reducing their decommission liabilities. ► Differences in payoff functions of producers and shippers control the game. ► The distribution of reserves and decommissioning cost is a key factor in the game

  13. Strategic alliance in technological development and innovation: Performance evaluation of co-creation between companies and their supply chain

    Directory of Open Access Journals (Sweden)

    Luiz Otavio Monteiro

    2013-07-01

    Full Text Available Purpose: The Brazilian oil and gas market presents a perspective of growth in the next decades. Considering this scenario, the increasing number of participants in this supply chain is foreseen to supply the demand of goods and services, especially in the technological development area. The paper intends to evaluate the collaborative development capacity and respective measurements of performance on these partnerships established between customer and suppliers, through qualitative research with a sample of Brazilian oil and gas market representative. Design/methodology/approach: This paper intends to verify if the co-creation performance is measured after an implementation, specific in a restricted industry. The methodology consists in a bibliographical research to support the study, and it also had a questionnaire sent to Brazilian companies that take part of the oil and natural gas industry supply chain, to analyze if the results of co-creation activities are measured by this group of companies, to verify its attractiveness to develop the co-creation usage or change the type of partnership with the market. Findings and Originality/value: The misunderstanding of co-creation and technical partnership was noticed. The usage of teams working together from two or more organizations cannot be considered as a co-creation, because the relationship and obligations are different between these two ways of workgroup. But the companies of oil and gas industry, when questioned, were able to distinguish it, avoiding risks of incorrect results motivated by wrong interpretation of the paper content. Research limitations/implications: As related in the paper, eight companies were invited to take part on the questionnaire about co-creation, but only 50% answered it. The research should have a better result of this subject if it had been developed with more answers of Brazilian oil and gas industry companies. Originality/value: Even this kind of partnership is

  14. Western oil companies in the eighties and nineties: from multi-nationalization to globalization?; Les compagnies petrolieres occidentales dans les decennies quatre-vingt et quatre-vingt-dix: de la multinationalisation a la globalisation?

    Energy Technology Data Exchange (ETDEWEB)

    Bourgeois, B. [Grenoble-1 Univ., 38 (France)

    1997-12-31

    Ways and intensity of trans-nationalization process of Western oil companies have dramatically changed over the last thirty years. After a decline from 1970 to 1984, a new era of investment extraversion from home base is developing. We discuss then the extent to witch this new era is a part of a larger process of firms globalization interacting witch political internationalization. The existence of a clear globalization trend is recognized inside the oil industry, but with a persisting specificity coming from the access conditions to the oil deposits. (author)

  15. Production of Group II and III base oils by hybrid route using brazilian crude; Producao de oleos basicos lubrificantes dos grupos II e III pela rota hibrida ou mista a partir de petroleo brasileiro

    Energy Technology Data Exchange (ETDEWEB)

    Nogueira, Wlamir Soares; Fontes, Anita Eleonora Ferreira [PETROBRAS, Rio de Janeiro, RJ (Brazil). Centro de Pesquisas (CENPES)

    2004-07-01

    This paper describes a series of pilot plant tests made at PETROBRAS Research Centre, considering hydrotreatment and solvent dewaxing steps, to produce group II and group III lube base oils from Baiano Light crude feeds (Brazilian crude). RLAM Refinery has been using Baiano light crude to produce group I base oils by conventional route and in the pilot plant studies, two types of process scheme were tested. In the first one, an industrial run was performed at RLAM Refinery, including distillation, dewaxing and extraction and the light raffinate was used as a feed for a hydrotreatment pilot plant, followed by a distillation to remove the front ends. In the second scheme, another industrial run was performed, including distillation and dewaxing steps and the medium dewaxed oil was used as a charge for a hydrotreatment followed by distillation and dewaxing pilot plant tests. Products of excellent quality were obtained. Due to their high viscosity indexes (from 96 to 126), low contaminants levels (sulfur < 5 ppm and nitrogen < 5 ppm) and low aromatic content (CA < 2 %), the lube base oils produced are therefore classified as group II and group III. The main advantages of this route are related to the base oils quality improvements with low investment and more flexibility in terms of crude source. (author)

  16. Internet: a key element in the communication of the environmental performance of the oil and gas companies; Internet: elemento chave na comunicacao da performance ambiental de empresas de oleo e gas

    Energy Technology Data Exchange (ETDEWEB)

    Andrade, Margareth Costa [PETROBRAS/LUBNOR, Fortaleza, CE (Brazil)]. E-mail: margarethandrade@petrobras.com.br; Abreu, Monica Cavalcanti Sa de [Universidade Federal do Ceara, Fortaleza, CE (Brazil). Pro-Reitoria de Pesquisa e Pos-graduacao]. E-mail: mabreu@ufc.br

    2003-07-01

    A new way of behavior called the Triple Bottom Line has emerged as a consequence of the convergence of the economical, environmental and social dimensions in the strategic planning of the companies. Transparency has being presented as one of the seven revolutions established by the Triple Bottom Line and has being driven by information technology from television satellites and Internet. Nowadays, the oil and gas companies are subjected to changes of values and ideologies of society and to pressures that come from outside of the organization and influence their performance in the market. In another point of viewing, the huge availability of information allows a comparison by benchmarking and the buildup of a performance ranking among companies. This way, the flux of information activates management tasks. This work studies the transparency level of the biggest oil and gas companies by analyzing information available in their home pages. Some aspects of behavior related to environmental performance and how they answer to the demands of the society are analyzed. The main conclusion of this study is that Internet has become a key element in the communication of the environmental performance of the oil and gas companies. (author)

  17. Morphological analysis of thermoplastic starch films and montmorillonite (TPS/MMT) using vegetable oils of Brazilian Cerrado as plasticizers;Morfologia de filmes de amido termoplastico e montmorilonita (TPS/MMT) usando oleos vegetais do cerrado como plastificantes

    Energy Technology Data Exchange (ETDEWEB)

    Schlemmer, Daniela; Sales, Maria Jose A. [Universidade de Brasilia (UnB), DF (Brazil). Lab. de Pesquisa em Polimeros; Angelica, Romulo S. [Universidade Federal do Para (UFPA), Belem, PA (Brazil). Lab. de Raios X; Gomes, Ana Cristina M.M. [Empresa Brasileira de Pesquisa Agropecuaria (EMBRAPA-CENARGEN), Brasilia, DF (Brazil). Lab. de Microscopia Eletronica

    2009-07-01

    Biopolymers can be used where petrochemical plastics have applications with short life. The excellent degradation of starch and its low cost make it an alternative for obtaining biodegradable plastics. To obtain thermoplastic starch (TPS) is necessary mechanical shake, high temperature and plasticizers. In this work, TPS were produced using three different vegetable oils from Brazilian's cerrado as plasticizers: buriti, macauba or pequi. Materials are also produced with montmorillonite (MMT). All the materials were analyzed by scanning electronic microscopy (SEM) and X-ray diffraction (XRD). The starch micrographs revealed irregular delaminate with a predominance of starch and 'holes' for the oils. In nanocomposites the clusters of clay are dispersed without a defined standard. It was understood that the plasticizers and processing completely changed the structure of starch causing a decrease in their crystallinity degree. Almost all nanocomposites presented exfoliate structure, only one presented intercalated structure. (author)

  18. Oils

    Energy Technology Data Exchange (ETDEWEB)

    Fabbri, S

    1909-11-29

    Mineral, shale, and like oils are treated successively with sulfuric acid, milk of lime, and a mixture of calcium oxide, sodium chloride, and water, and finally a solution of naphthalene in toluene is added. The product is suitable for lighting, and for use as a motor fuel; for the latter purpose, it is mixed with a light spirit.

  19. National companies : performance, ventures, utility

    International Nuclear Information System (INIS)

    Didier, F.

    1994-01-01

    The author shows how a performing National Company can efficiently contribute, in line with the producing State, to the negotiation with International Companies and the success of large oil ventures contemplated by reserves-short countries. Fully entrepreneurial, the National Company will usefully ''explore'' touchy matters, and bring closer national rationale and petroleum rationale. (Author)

  20. Ship Routing with Pickup and Delivery for a Maritime Oil Transportation System: MIP Modeland Heuristics

    DEFF Research Database (Denmark)

    Rodrigues, Vinicius Picanco; Morabito, Reinaldo; Yamashita, Denise

    2016-01-01

    This paper examines a ship routing problem with pickup and delivery and time windowsfor maritime oil transportation, motivated by the production and logistics activities of an oil companyoperating in the Brazilian coast. The transportation costs from offshore platforms to coastal terminalsare...... application of two tailor-made MIP heuristics, based on relax-and-fix and timedecomposition procedures. The model minimizes fuel costs of a heterogeneous fleet of oil tankersand costs related to freighting contracts. The model also considers company-specific constraints foroffshore oil transportation....... Computational experiments based on the mathematical models and therelated MIP heuristics are presented for a set of real data provided by the company, which confirmthe potential of optimization-based methods to find good solutions for problems of moderate sizes....

  1. Disclosure of social information by Brazilian companies according to United Nations indicators of corporate social responsibility Divulgação de informações sociais por empresas brasileiras segundo os indicadores de responsabilidade social corporativa da ONU

    Directory of Open Access Journals (Sweden)

    Marcelle Colares Oliveira

    2009-12-01

    Full Text Available Several frameworks of social information disclosure have been proposed worldwide to satisfy stakeholders' information needs. In 2008, the United Nations launched a guide with recommendations for corporate responsibility indicators in annual reports based on the Global Reporting Initiative framework and standards of the International Labour Organization, Organization for Economic Co-operation and Development and International Accounting Standards Board. The objective of the present study was to analyze the disclosure of social information by Brazilian companies of the New Market listing segment traded on the São Paulo Stock Exchange (BOVESPA in accordance with UN indicators of corporate social responsibility. This was an exploratory and qualitative study based on a review of documents and the literature. The findings were interpreted by way of content analysis to determine the predominance of UN indicators disclosed by Brazilian enterprises. The results were compared to those of a 2008 UN study on social information disclosure by 100 large enterprises in the top ten emerging economies in the world. The companies in our study were found to disclose most of the indicators recommended by the UN in harmony with internationally accepted standards. However, more recently introduced non-financial indicators were less frequently reported.Diversas são as iniciativas de instituições nacionais e internacionais no sentido de se chegar a um conteúdo de informações sociais que seja evidenciado pelas empresas e atenda às necessidades dos stakeholders. Em 2008, foi lançado o Guia de Indicadores de Responsabilidade Corporativa em Relatórios Anuais, da Organização das Nações Unidas (ONU, elaborado com base no GRI, nas normas da OIT e da OCDE e alinhado às definições adotadas nas normas do IASB. O presente estudo tem por objetivo principal analisar a divulgação de informações sociais pelas empresas brasileiras do Novo Mercado da Bovespa

  2. Permit to Work System Conformity Analysis based on the System Standard Criteria in an Oil and Gas Extraction Company

    Directory of Open Access Journals (Sweden)

    A. Ghahramani

    2007-04-01

    Full Text Available Background and Aims   Permit to work (PTW system as an operational control methods, is an accepted system for control of maintenance activities hazards in chemical industries. The main objective of this study was degree of conformity analysis between existing situation of PTW system and audit criteria.     Methods   In this cross - sectional study, PTW system was audited in an oil and gas extracting   industry by checklist.     Results   Major nonconformities include outdating of system legal and regulation, non existence of permit for majority of dangerous activities, unidentified training needs, incomplete  identification and risk assessment of maintenance hazards before doing them, unspecified   inspection and survey frequencies during works and nonexistence of scheduled auditing for the system.     Conclusion   PTW audit results showed that there is a noticeable gap between audit criteria and  audit evidences. So that the examined system had nonconformities in all of the checklist sections; system, training and competency, permit, coordination and monitoring.  

  3. Etapas da implementação da educação corporativa e seus impactos em empresas brasileiras: um estudo multicaso Corporate education implementation stages and their impacts on Brazilian companies: a multi-case study

    Directory of Open Access Journals (Sweden)

    Fábio Henrique Antunes Vieira

    2012-04-01

    Full Text Available Este trabalho apresenta a Educação Corporativa - EC nas organizações brasileiras, como uma forma de aprendizado contínuo, apesar dessa prática ainda estar em fase de amadurecimento no País. O objetivo da pesquisa é avaliar as etapas da implementação do processo da EC através de um estudo multicaso. Foi observado que a implementação da unidade de EC deve levar em consideração a singularidade de cada empresa, com suas características e especificidades. Pode-se concluir que a maioria das empresas desse estudo indicou que a implementação foi realizada após decisão dos dirigentes como a etapa inicial. Mesmo inexistindo uma fórmula capaz de atender às especificações das mais diversas organizações, houve uma sequência lógica para a estruturação e implementação da unidade.This study presents the corporate education (CE in Brazilian organizations as a means of continuous learning, despite the fact that this practice is still under development in the country. The purpose of this research was to analyze the implementation stages of the CE process through a multi-case study. It was possible to observe that the CE unit implementationshould consider the singularities of each company, with its characteristics and specificities. It is possible to conclude that most enterprises in this study indicated that the implementation was carried out after the executives' decision as the first phase. Although there is no formula capable of meeting the specifications of all organizations, there was a logical sequence for the structuring and implementation of the unit.

  4. The Relationship Between Accounting Practices and Effects of Financial Crisis in Turkey: A Case Study on an Oil Company

    Directory of Open Access Journals (Sweden)

    İsmail Erkan Çelik

    2016-02-01

    Full Text Available Many reasons lie at the base of all financial crises from the past to the present. If we take into consideration the 2008 subprime mortgage crisis, the only reason cannot be mortgage loans. But the mortgage issue continued to advance and created several other problems. Definitely, the source of mortgage loans problem also had many roots. One of the reasons was the lack of correct use of accounting principles and auditing. This is a strong proof and indicator that, there are many accounting based reasons behind the occurrence of the financial crises. Many examples can be given showing moving away from the basic principles of accounting rules and the general accounting concepts. Moreover, institutions being not fully independent, running creative accounting practices, having problems with fair valuation and transparency issues, presenting unreal financial reports, and sharing misleading audit reports are all related to financial crises.Furthermore, specific businesses and people abuse accounting rules, standards and related legislation for the sake of their own interests. Accounting and finance history has shown us that, even audit institutions, credit institutions and rating agencies are getting unfair advantages and generating unethical cash by making intentional accounting and finance errors, which is actually categorized as fraud.The aim of this study is to analyze financial crises and to determine if accounting practices have any relationship with financial crises. The research investigated an oil company’s financial and operational indicators before and after the 2008 financial crises with related tables and figures. Also, an interview was run with the company’s accounting officer. Based on the statements of firm’s accounting officer, correct accounting practices defended firm from several negative effects of the 2008 financial crisis.

  5. NORM remediation project of Der Ezzor Petroleum Company (DEZPC) oil fields in Der Ezzor area, Syrian Arab Republic: Determination of NORM contaminated soil volumes

    International Nuclear Information System (INIS)

    Al-Masri, M. S.; Aba, A.; Hamwi, A.; Hassan, M.

    2002-04-01

    DEZP Company has used to collect product water, scale and sludge in artificial pits. Run-off channel had been created to allow water to run-off into the desert. A radioactive contamination by NORM in DEZP oil fields (JAFRA) has occurred and quite significant area of land has been affected. As a part of the remediation project the volume of contaminated soil with NORM according to the Syrian criteria for clean up and disposal has been determined. Surface and core soil samples were collected from the contaminated areas and analyzed for 226 Ra. The results have shown that contamination has reached a depth of more than one meter in the surface water pit. The estimated contaminated soil that needs disposal according to the Syrian criteria was calculated and found to be about 3161 m 3 . Most of the contaminated soil was found to be in the surface water pit. In addition, the contamination in the mud pit and the run-off channel was rather small and could be treated on site. However, the obtained results can be used for preparation of the remediation plan where size of the disposal pit and on site treatment is defined. The plan should be submitted to the Syrian Regulatory Office for review and approval to initiation of the remediation work (author)

  6. Oils

    Energy Technology Data Exchange (ETDEWEB)

    Cobbett, G T.B.

    1907-07-08

    Crude petroleum having a density of 850 to 900 is purified with sulfuric acid, decanted, mixed with benzine or petrol, and again treated with sulfuric acid and decanted. The remaining acid and coloring-matter are removed by washing with water, or treating with oxalic acid, zinc carbonate, lead carbonate, calcium carbonate, or oxide of zinc. The product is used as a fuel for internal-combustion engines. Specifications No. 28,104, A.D. 1906, and No. 12,606, A.D. 1907, are referred to. According to the Provisional Specification, the process is applicable to shale or schist oil.

  7. Modeling renewable energy company risk

    International Nuclear Information System (INIS)

    Sadorsky, Perry

    2012-01-01

    The renewable energy sector is one of the fastest growing components of the energy industry and along with this increased demand for renewable energy there has been an increase in investing and financing activities. The tradeoff between risk and return in the renewable energy sector is, however, precarious. Renewable energy companies are often among the riskiest types of companies to invest in and for this reason it is necessary to have a good understanding of the risk factors. This paper uses a variable beta model to investigate the determinants of renewable energy company risk. The empirical results show that company sales growth has a negative impact on company risk while oil price increases have a positive impact on company risk. When oil price returns are positive and moderate, increases in sales growth can offset the impact of oil price returns and this leads to lower systematic risk.

  8. Four state companies are markedly different

    International Nuclear Information System (INIS)

    Aalund, L.R.

    1995-01-01

    The Journal continues its profiles of state owned oil companies with a return to the Persian Gulf, South America, and a first time look at the state oil company of Romania, one of Eastern Europe's most active and oldest producers. The government of Kazakhstan's activities are also covered in this report. These profiles detail the organization of the companies, with emphasis on upstream and downstream operations. Support functions, though essential to a company, are not covered in detail. Company projects and capabilities are only described in this report when necessary to put the company in perspective. Following are the profiles of state companies for Bahrain, Kuwait, Romania, and Venezuela

  9. Stimulus to local industries in oil and natural gas exploration and production concessions contracts : the Brazilian experience; Estimulos a industria nacional nos contratos de concessao das atividades de exploracao e producao de petroleo e gas natural no Brasil

    Energy Technology Data Exchange (ETDEWEB)

    Pedroso, Daniel Cleverson; Moreira, Jose Guilherme de Souza [Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP), Rio de Janeiro, RJ (Brazil)

    2004-07-01

    The Oil Law, 1997, established the functions of the Agencia Nacional do Petroleo (ANP) to implement, in its area of competence, the Brazilian national energy politic. The principles of the Brazilian national energy politic include the preservation of national interest, promotion and expansion of the labor market, free competition and the expansion of Brazil's competitiveness in the international market. The ANP started then a series of actions designed to meet, within their sphere of action, the objectives defined by law. These actions include studies to diagnose the capacity and competitiveness of local supplier and inclusion, in the concession contracts, clauses aimed to stimulating the development of local suppliers and ensure equal treatment, by the new dealers, of local suppliers and foreign. From a historical overview, the development of these actions, and the improvements made possible by the management of concession contracts, have reached their goals. The results obtained so far indicate that the actions carried out are a valid and effective tool in stimulating development of local suppliers. (author)

  10. Oil integration

    International Nuclear Information System (INIS)

    Carta Petrolera

    1997-01-01

    Colombia, Mexico and Venezuela agree in to have a bigger exchange of information, technology and experiences in areas of mutual interest that allow in the future, combined developments of the hydrocarbons industry. In such a sense, ECOPETROL narrowed its relationships with the two powerful Latin American oil enterprises, when suiting in Bogota agreements of mutual collaboration with representatives of the respective state companies. To begin, the company signed a cooperation agreement with Petroleos de Venezuela S.A (PDVSA), with the purpose of to narrow the relationships between the two companies and to undertake combined actions in those matters of the oil and petrochemical industry of mutual interest

  11. Working capital in mergers and acquisitions in the oil industry: issues and impacts over the company valuation; Capital de giro em aquisicoes de empresas na industria do petroleo: consideracoes e impactos sobre o valor do negocio

    Energy Technology Data Exchange (ETDEWEB)

    Soares, Fabio Maia; Junior, Ewerton R.W.P. [PETROBRAS, Rio de Janeiro, RJ (Brazil); Mendes, Andre P. A. [Banco Nacional de Desenvolvimento Economico e Social (BNDES), Rio de Janeiro, RJ (Brazil)

    2008-07-01

    The necessary working capital required to maintain a sustainable company operation could be relevant in the oil industry, specially in high prices times. Their proper consideration in companies valuation contribute for economic model accuracy, providing reliable information to the investment decision. This article has the objective of discussing the general concept of working capital, taking into account peculiar characteristics concerning their applicability in economic analysis of mergers and acquisition. Aspects related to the forecast cash flow, perpetuity, besides issues concerning its financing are discussed. Further, it is also spotted the necessary concerns during the elaboration of prices proposals, regulatory and management factors influence, over its adequate dimensioning, and also the methodological simplifications usually used in forecasting. Lastly, the work aim to emphasize the importance of the working capital changes in all economic evaluation developed by the discounted cash flow methodology, in order to guarantee methodological consistency in the company valuation. (author)

  12. Processos operacionais e resultados de empresas brasileiras após a certificação ambiental ISO 14001 Operation process and results of Brazilian companies according to the ISO 14001 environmental certification

    Directory of Open Access Journals (Sweden)

    Gilberto Jesus Avila

    2006-12-01

    Full Text Available Este trabalho teve como objetivo analisar os resultados operacionais obtidos pelas empresas brasileiras certificadas na Norma ISO 1400. Para alcançar este objetivo, procurou-se identificar os fatores relacionados aos processos de operação e ao desempenho das operações após a certificação ambiental. O método de pesquisa se orientou pela busca de integração entre a análise quantitativa e a análise qualitativa. A análise quantitativa foi baseada no tratamento estatístico de dados atuais resultantes da participação de empresas brasileiras no projeto DEVISO (Developing Countries and ISO 14000. A análise qualitativa, por sua vez, utilizou como mecanismo para coleta de dados a técnica de entrevista pessoal a Gerentes do Sistema de Gestão Ambiental de duas empresas participantes do projeto. A análise quantitativa fundamentou-se na análise fatorial (Análise de Componentes Principais - PCA e na comparação entre médias dos fatores resultantes por meio do teste t de médias emparelhadas. Esta análise possibilitou elaborar uma hierarquia para o desempenho destes fatores quando comparados a um limite máximo. Posteriormente, os fatores identificados foram aprofundados em dois casos. Os fatores identificados para os processos de operação foram: Gerenciamento Ambiental, Fornecedores, Reciclagem e Cooperação. Para o desempenho das operações resultaram os fatores Imagem, Cumprimento de Padrões, Resíduos Tóxicos e Uso Eficiente.The aim of this work was to analyze the operational results achieved for ISO 14001 certificated Brazilian companies. In order to achieve this objective, the factors related to the operation process and the performance of operations according to the certification were identified. The research method integrated qualitative and quantitative analyses. The quantitative step was based on the analysis of the database created by the DEVISO project (Developing Countries and ISO 14000. The qualitative analysis was

  13. Oil market outlook

    International Nuclear Information System (INIS)

    Starling, Philip

    1997-01-01

    The role of the International Energy Agency's (IEA) ''OiMarket Report'' is described in terms of its response to and support for oil companies seeking to monitor short-term global oil market developments. The document is increasingly used for reference both by industry and governments. Data is compiled from oil companies, consultants, and government, and OECD countries provide supply/demand oil balance data by product grade on a monthly basic. (UK)

  14. Royal Dutch Petroleum Company annual report 1992

    International Nuclear Information System (INIS)

    Anon.

    1993-01-01

    The Royal Dutch Petroleum Company has no operations of its own and virtually the whole of its income derives from its 60% interest in the companies known collectively as the Royal Dutch/Shell Group of Companies; the other 40% is owned by the Shell Transport and Trading Company, p.l.c. The company is engaged in the oil, natural gas, chemicals, coal and metals businesses throughout the world. The annual report summarises the year's results and analyses earnings in each industry segment. Financial statements for the year ended 31 December 1992 are presented. The Group companies' estimated net quantities of crude oil, natural gas and coal are given

  15. New round for oil

    International Nuclear Information System (INIS)

    Delamarche, Myrtille

    2018-01-01

    After three years of crisis, oil companies are now strongly reinvesting, while oil prices are stabilizing at a reasonable long-term level, notably due to a rising demand from developing countries. Examples of new investments made by majors such as Total, Shell or Exxon but also by national companies and junior companies, are given. Oil price evolution as well as cost reductions (thanks notably to the digitalisation of the sector, leading to a decrease in exploration costs) are analyzed. The importance of the US oil production, and particularly shale oil production, is pinpointed

  16. Mechanistic basis for morphological damage induced by essential oil from Brazilian pepper tree, Schinus terebinthifolia, on larvae of Stegomyia aegypti, the dengue vector.

    Science.gov (United States)

    Pratti, Drielle L A; Ramos, Alessandro C; Scherer, Rodrigo; Cruz, Zilma M A; Silva, Ary G

    2015-03-01

    Dengue has become the subject of public health programs worldwide. The lack of a vaccine and the high environmental risk of synthetic insecticides, arouse the interest in natural products against this vector. This study aimed to determine the chemical composition of the essential oil of ripe fruits and seeds of Schinus terebinthifolia Raddi; to evaluate the essential oil effect on mortality of Stegomyia aegypti (Linnaeus, 1792) larvae; and to characterize the structural damage suffered by larvae and their association with different contents of essential oil. Ripe fruits and seeds were crunched and their essential oil was extracted through hydrodistillation, purified, and its phytochemical analysis was carried out through High Resolution Gas Chromatography, coupled with Mass Spectrometry. This essential oil was diluted in a 10-point gradient of 86.22 - 862.20 ppm, at regular intervals of 86.22 ppm. Each point received 50 larvae and the assessments of surviving were made at 24, 48 and 72 hours after inoculation. Structural damage was assessed through measurements of thickness with exoskeleton, evaluating the integrity of the head, thorax, abdominal segments, and air siphon, using ImageJ software. Statistical data analysis was carried out through Logistic Regression and Discriminant Analysis. 56 substances were identified, corresponding to 81.67% of the essential oil composition. Larvae were dose-dependent susceptible to the essential oil; the concentration produced a significant effect on larval mortality. Among the major deformations found in the larvae, it was detected inhibition of chitin synthesis by the activity of the oil, thus reducing the deposition of cuticle layers. The essential oil caused death in exposed larvae after 72 hours, in a dose-dependent manner. It also changed the structure of exposed larvae, indicating a direct effect on larval exoskeleton. The results open up possibilities for the use of natural products as an alternative to control dipterans.

  17. The tar sands of the USA : with permits now in hand, a Calgary company is a cash injection away from producing oil from America's first oilsands mine

    Energy Technology Data Exchange (ETDEWEB)

    Jaremko, D.

    2010-06-15

    A Canadian company has recently received approval to develop large oil sands mining operations in Utah. Earth Energy Resources is now raising the finances required to commercialize its operations in the state. Utah's oil sands reserves are currently estimated at between 20 to 32 billion barrels. However, the impacts of oil sands operations are of concern to some environmental groups, who worry that Utah will become a duplicate of Alberta's Athabasca region. The planned project is a 2000 barrel-per-day pilot project. Regulators in Utah have received negative responses from the public after advertising the potential project in local newspapers, and demonstrations have been held in the state's capital. Oil sands are already being developed at 2 installations in Utah, with the bitumen currently being sold as asphalt products. The state is also home to significant oil shale reserves. Operators in the region plan to design compact, well-contained mines in order to maintain transportability. 3 figs.

  18. Effectiveness of business strategies in Brazilian textile industry

    OpenAIRE

    Batista, Paulo César de Sousa; Lisboa, João Veríssimo de Oliveira; Augusto, Mário Gomes; Almeida, Fátima Evaneide Barbosa de

    2016-01-01

    ABSTRACT This research analyses how the interaction between strategy capabilities, strategy types, strategy formulation quality and implementation capability affect organizational performance in Brazilian textiles companies. This article proposes and tests a conceptual framework, using a structural equation modeling of a set of 211 valid questionnaires on Brazilian textiles firms. The results support links between focus strategy and marketing capabilities, and between cost leadership strategy...

  19. Contradições gerenciais na disseminação da "cultura corporativa": o caso de uma estatal brasileira Management contradictions on 'corporate culture' dissemination: the case of a Brazilian state-owned company

    Directory of Open Access Journals (Sweden)

    Alfredo Rodrigues Leite-da-Silva

    2006-06-01

    Full Text Available Os que defendem as propostas da "cultura corporativa" vêem o gestor como um agente consensual, capaz de integrar os demais em uma cultura "única". Os que se opõem a essas propostas focam a alienação e a exploração organizacional, instrumentalizada pelo gestor. Neste artigo, propõe-se extrapolar essa visão do gestor como apenas um agente consensual. Para isso, buscou-se evidenciar esses limites, ao confrontar as origens e as críticas dos estudos sobre "cultura corporativa" e destacar aspectos que podem levar o gestor a disseminar a diferença e a ambigüidade. Para embasar a argumentação foi apresentado um estudo de caso em uma regional da Empresa Brasileira de Correios e Telégrafos (ECT. Os dados foram coletados por meio de documentos e entrevistas semi-estruturadas, com 26 atores em diversos níveis gerenciais. O tratamento dos dados baseou-se na análise de conteúdo, buscando-se padrões ou recorrências de palavras, frases, idéias e tópicos de interesse. Concluiu-se que o gestor não pode ser considerado apenas elemento consensual, pois ele dissemina a integração e, também, a diferenciação e a fragmentação, permeado por objetivos e questões pessoais, sociais e organizacionais, não se limitando aos interesses da empresa.The advocates of 'corporate culture' proposals see the manager as an agent of consensus, capable of integrating others in a 'single' culture. Those who oppose such proposals focus on the organizational alienation and exploitation enforced by managers. This article proposes to extrapolate this perspective of the manager simply as an agent of consensus. It points out its limitations, contrasting the origins and criticisms of 'corporate culture' studies and underlining aspects that can lead the manager to disseminate differences and ambiguity. The argument is based on a study of a regional branch of the Brazilian Postal Service (Empresa Brasileira de Correios e Telégrafos - ECT. The data was collected in

  20. Nível de convergência dos princípios contábeis brasileiros e norte-americanos às normas do IASB: uma contribuição para a adoção das IFRS por empresas brasileiras The convergence level of the brazilian and american accounting principles with IASB standards: a contribution to brazilian companies' adoption of IFRS

    Directory of Open Access Journals (Sweden)

    Valdiney Alves Oliveira

    2011-08-01

    required the adoption of IFRS by Brazilian companies in CVM Instruction 457/07. Through a descriptive study about their goals and using the technical procedures of information retrieval and classical content analysis, we analyzed the financial statements prepared for the year 2008 in accordance with U.S. GAAP and B.R. GAAP of 20 Brazilian companies listed both on the Stock Exchange of New York (NYSE and the Bolsa de Valores de Sao Paulo (BOVESPA, and calculated the rate of disclosure proposed in the study by Lopes and Rodrigues (2007. The research pointed out that the rates of disclosure calculated for Form 20F were higher than those calculated for the Standard Financial Statements (DFP, confirming a higher degree of convergence between U.S. GAAP and IFRS and suggesting that, due to IFRS adoption, financial statements in BR GAAP tend to change substantially, increasing the level of disclosure. Furthermore, for the sample, the results confirm what was presented in the selected literature about the direct influence of market sector and firm size on information disclosure. For auditors, the fact that global audit companies known as the Big Four audited the statement did not determine the extent of disclosure.

  1. Smart Companies.

    Science.gov (United States)

    Galagan, Patricia A.

    1997-01-01

    Capturing and leveraging knowledge is an important new management trend that is as yet undefined. Some companies are accounting for their intellectual capital and applying it to the company balance sheets. (JOW)

  2. Countries and companies

    International Nuclear Information System (INIS)

    Jenning, J.S.

    1990-01-01

    The trends and factors currently emerging are likely to have significant influence on the way the upstream oil and gas industry evolves in the coming decade. This paper discusses how these trends might influence events in the 1990s, particularly how they might influence relationships between host countries and companies in the oil industry. State owned companies will dominate the industry in resource terms. These statcos fall into three groups: a small group of technically able, financially sound, well-managed companies; a group of consumer statcos that have limited domestic production but significant domestic demand; a large group that are finding it difficult to maintain their production facilities in good standing to maximize recovery from their resources. This paper describes the future private sector as consisting of the Surviving Sisters and smaller, private companies very active in the upstream. How will these various players behave in the years to come? Conventional activity in the upstream will continue as companies seek to optimize their upstream portfolios

  3. Determination of 3-monochloropropane-1,2-diol fatty acid esters in Brazilian vegetable oils and fats by an in-house validated method.

    Science.gov (United States)

    Arisseto, A P; Marcolino, P F C; Vicente, E

    2014-01-01

    An in-house validated GC-MS method preceded by acid-catalysed methanolysis was applied to 97 samples of vegetable oils and fats marketed in Brazil. The levels of the compounds ranged from not detected (limit of detection = 0.05 mg kg(-1)) to 5.09 mg kg(-1), and the highest concentrations were observed in samples containing olive pomace oil and in products used for industrial applications, such as palm oil and its fractions (olein and stearin). The content of diesters and monoesters was also investigated by employing solid-phase extraction on silica cartridges, indicating that the majority of the compounds were present as diesters. This study provides the first occurrence data on these contaminants in Brazil and the results are comparable with those reported in other countries.

  4. Description and discussion of governmental participations for companies producing oil and gas in marginal fields; Descricao e discussao do regime tributario e participacoes governamentais para empresas produtoras de petroleo e gas em campos marginais

    Energy Technology Data Exchange (ETDEWEB)

    Eduardo, Antonio Sergio [Universidade Salvador (UNIFACS), BA (Brazil); Rodrigues, Jose Allankardec Fernandes [Universidade do Estado da Bahia (UNEB), Salvador, BA (Brazil); Rodrigues, Livia da Silva Modesto [Universidade do Estado da Bahia (UNEB), Salvador, BA (Brazil); Universidade Salvador (UNIFACS), BA (Brazil); Fundacao Visconde de Cairu, Salvador, BA (Brazil); Ferreira, Doneivan Fernandes [Universidade Federal da Bahia (UFBA), Salvador, BA (Brazil)

    2012-07-01

    This article reports taxing and government participation in oil and gas extraction in peripheral fields as defined by the Agencia Nacional de Petroleo, Gas Natural e Combustivel (ANP) and the need to discuss the essence of the contributing capacity as a means to take into account the characteristics of this specific niche in gas and oil production. Their own particular policies distinguish them from other segments. The analysis is founded on the Aristotelian view which treats equals equally and unequals unequally. The analysis shows these companies' present situation and makes it clear that taxing in Brazil acts as an obstacle to the development of several sectors, including the small oil and gas production sector. Also worth mentioning is, besides taxes in the oil business, there is also the incidence of financial indemnity established by the Petroleum Law, illustrating an analysis of this legislation. Initially, when peripheral fields are still seen as great opportunities (according to the regulatory definition adopted by the ANP), mainly because of the high price of the barrel of oil (over US$ 100 ) the weight of taxes may not be a critical factor. However, when marginal oil wells do not attract interest in the average independent producer, the only mechanisms capable of extending the activity, and as a consequence, the positive impacts generated in producing communities, may well be tax relief and government involvement. The method used was a reference research and technical visits to leasers of concessions at peripheral fields. The present study will continue with the object of showing econometric models by simulating the impact taxing has on marginal production projects at different stages of maturity. (author)

  5. Measurements of labile Cd, Cu, Ni, Pb, and Zn levels at a northeastern Brazilian coastal area under the influence of oil production with diffusive gradients in thin films technique (DGT).

    Science.gov (United States)

    de Souza, João M; Menegário, Amauri A; de Araújo Júnior, Marcus A G; Francioni, Eleine

    2014-12-01

    In this work, the ability of the diffusive gradients in thin films technique (DGT) was evaluated for monitoring the concentrations, and estimating the availability, of metals at a northeastern Brazilian coastal area under the influence of oil production. Three sites with an average distance between 0m (EM-1), 100 m (EM-2), and 1,000 m (EM-3) of a submarine outfall-I (Guamaré-RN, Brazil) and another site (GA-1) with an average distance of 12,000 m east of Outfall I, near the city of Galinhos, were studied. DGT units were deployed at the same sites in three campaigns from July, 2010 to June, 2011. Effects on the accuracy of analytical results regarding the deployment time, gel porosity, and thickness were evaluated. There was no difference between the measurements obtained with two sets of DGT devices, those assembled with open or restrictive pore gel, respectively, showing that organic metallic species are not present near the submarine outlet. After 21 day deployments in a region (near Submarine Outfall I) that receives produced waters that have been treated, there was evidence of biofilm formation on DGT membranes. However, it was demonstrated that the biofilm interference with DGT measurements was negligible. Data found in this work show that total concentrations of Cd, Cu, Pb, Ni, and Zn in seawater samples collected at sites GA-1 and EM-1 in two campaigns were below 0.33, 1.67, 0.47, 0.70, 2.86 ng mL(-1) respectively. For the first time, labile levels of Cd, Cu, Pb, Ni, and Zn in an area under the influence of oil production were determined. DGT measurements allowed the verification of the effects of temporal variation on levels of Zn and Ni. There were no effects of spatial variations on levels of Cd, Cu, Ni, Pb, and Zn at the four studied sites, suggesting no contamination of these metals at the northeastern Brazilian coastal area investigated in this work. Copyright © 2014. Published by Elsevier B.V.

  6. Brazilian multipurpose reactor

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2014-07-01

    The Brazilian Multipurpose Reactor (RMB) Project is an action of the Federal Government, through the Ministry of Science Technology and Innovation (MCTI) and has its execution under the responsibility of the Brazilian National Nuclear Energy Commission (CNEN). Within the CNEN, the project is coordinated by the Research and Development Directorate (DPD) and developed through research units of this board: Institute of Nuclear Energy Research (IPEN); Nuclear Engineering Institute (IEN); Centre for Development of Nuclear Technology (CDTN); Regional Center of Nuclear Sciences (CRCN-NE); and Institute of Radiation Protection and Dosimetry (IRD). The Navy Technological Center in Sao Paulo (CTMSP) and also the participation of other research centers, universities, laboratories and companies in the nuclear sector are important and strategic partnerships. The conceptual design and the safety analysis of the reactor and main facilities, related to nuclear and environmental licensing, are performed by technicians of the research units of DPD / CNEN. The basic design was contracted to engineering companies as INTERTHECNE from Brazil and INVAP from Argentine. The research units from DPD/CNEN are also responsible for the design verification on all engineering documents developed by the contracted companies. The construction and installation should be performed by specific national companies and international partnerships. The Nuclear Reactor RMB will be a open pool type reactor with maximum power of 30 MW and have the OPAL nuclear reactor of 20 MW, built in Australia and designed by INVAP, as reference. The RMB reactor core will have a 5x5 configuration, consisting of 23 elements fuels (EC) of U{sub 3}Si{sub 2} dispersion-type Al having a density of up to 3.5 gU/cm{sup 3} and enrichment of 19.75% by weight of {sup 23{sup 5}}U. Two positions will be available in the core for materials irradiation devices. The main objectives of the RMB Reactor and the other nuclear and radioactive

  7. Brazilian multipurpose reactor

    International Nuclear Information System (INIS)

    2014-01-01

    The Brazilian Multipurpose Reactor (RMB) Project is an action of the Federal Government, through the Ministry of Science Technology and Innovation (MCTI) and has its execution under the responsibility of the Brazilian National Nuclear Energy Commission (CNEN). Within the CNEN, the project is coordinated by the Research and Development Directorate (DPD) and developed through research units of this board: Institute of Nuclear Energy Research (IPEN); Nuclear Engineering Institute (IEN); Centre for Development of Nuclear Technology (CDTN); Regional Center of Nuclear Sciences (CRCN-NE); and Institute of Radiation Protection and Dosimetry (IRD). The Navy Technological Center in Sao Paulo (CTMSP) and also the participation of other research centers, universities, laboratories and companies in the nuclear sector are important and strategic partnerships. The conceptual design and the safety analysis of the reactor and main facilities, related to nuclear and environmental licensing, are performed by technicians of the research units of DPD / CNEN. The basic design was contracted to engineering companies as INTERTHECNE from Brazil and INVAP from Argentine. The research units from DPD/CNEN are also responsible for the design verification on all engineering documents developed by the contracted companies. The construction and installation should be performed by specific national companies and international partnerships. The Nuclear Reactor RMB will be a open pool type reactor with maximum power of 30 MW and have the OPAL nuclear reactor of 20 MW, built in Australia and designed by INVAP, as reference. The RMB reactor core will have a 5x5 configuration, consisting of 23 elements fuels (EC) of U 3 Si 2 dispersion-type Al having a density of up to 3.5 gU/cm 3 and enrichment of 19.75% by weight of 23 5 U. Two positions will be available in the core for materials irradiation devices. The main objectives of the RMB Reactor and the other nuclear and radioactive facilities are

  8. Biotechnologie : marchés et engagement des sociétés pétrolières Biotechnology: Markets and Commitments of Oil Companies

    Directory of Open Access Journals (Sweden)

    Torck B.

    2006-11-01

    analysis of the patents taken out shows that oil compagnies are also interested, although less closely for the moment. Their preoccupations remain traditional: polysaccharides, immobilized enzymes for the catalysis aspect, and biofuels. Some of these companies are already becoming active in genetic engineering. The Institut Français du Pétrole began a program in biotechnology in the 1960s and has the facilities for developing processes, ranging from basic research to the industrial stage. The experimental facilities at Soustons (south of Bordeaux created by the ASCAF economic interest groupin 1985 has equipment (StakeTechnip machine, 50 m3 fermenters, etc. for the development of a wide variety of projects in biotechnology.

  9. Comparabilidade entre o resultado em BR GAAP e U.S. GAAP: evidências das companhias brasileiras listadas nas bolsas norte-americanas Comparability between BR GAAP and U.S. GAAP results: evidence from Brazilian companies listed on North American stock exchanges

    Directory of Open Access Journals (Sweden)

    Sirlei Lemes

    2009-08-01

    Full Text Available Esta pesquisa avalia a materialidade das diferenças de reconciliação dos lucros divulgados por empresas brasileiras. Dada a inexistência de demonstrações contábeis conforme as IFRS publicadas por empresas brasileiras, a amostra foi composta de empresas que divulgam o resultado, segundo os Br GAAP e os U.S. GAAP, nos Form 20-F arquivados na SEC. Por meio de uma pesquisa exploratória, em função dos seus objetivos, e documental, em consequência da coleta de dados, aplicou-se o Índice de Comparabilidade de Gray (GRAY, 1980 às diferenças evidenciadas por 30 companhias brasileiras nos anos de 2000 a 2005. Os resultados indicam um número representativo de empresas com resultados materialmente não comparáveis, sendo três para uma margem de materialidade de 5%, seis a 10% e, para 15%, somente 21 das 30 empresas apresentaram lucros comparáveis. Analisando as reconciliações de 10 empresas do ano de 2005, o ajuste referente à combinação de empresas foi o que afetou o maior número de empresas e quanto à reavaliação de ativos, caracteristicamente apontada como uma prática que demanda frequentes ajustes aos U.S. GAAP, não foi observada a reconciliação para a maioria das empresas. Sugerem-se estudos adicionais para identificar diferenças específicas para um maior número de empresas e anos.This research assesses the materiality of the reconciliation differences in profits reported by Brazilian companies. Given the non-existence of IFRS compatible accounting statements for Brazilian companies, the sample was composed of enterprises that publish the result according to Br GAAP and U.S. GAAP on the 20-F Form filed at the Securities and Exchange Commission (SEC. By means of an exploratory - in function of its objectives - and documentary research - due to the data collection method - Gray's Index of Comparability (Gray, 1980 was applied to the differences evidenced for 30 Brazilian companies between 2000 and 2005. The results

  10. Impact of adopting IFRS standard on the equity cost of brazilian open capital companies / Impacto da adoção do padrão IFRS no custo de capital próprio das empresas de capital aberto no Brasil

    Directory of Open Access Journals (Sweden)

    Rafael Confetti Gatsios

    2016-08-01

    Full Text Available Purpose: This study aims to assess the impact of adopting IFRS standard on the equity cost of Brazilian open capital companies in the period of 2004-2013. Originality/gap/relevance/implications: The adoption of International Financial Reporting Standards aims to increase the quality of accounting information. Studies performed in Europe suggest that, after the adoption of the IFRS standard, there was a reduction in the equity cost of companies due to the reduction of information asymmetry and risk. Key methodological aspects: The equity cost was calculated using the capital asset pricing model (CAPM adapted to the Brazilian case. The empirical strategy was the difference analysis in differences, comparing the results of companies that voluntarily adopted the IFRS with companies that adopted IFRS after the mandatory adoption period. Summary of key results: The results indicate that the adoption of the IFRS standard does not contribute to reduce the equity cost in Brazil. Key considerations/conclusions: Suggesting that the process of adopting the international accounting standard may take more time to impact the equity cost of Brazilian open capital companies, since the impact of IFRS is not related only with the adoption, but also with its use by companies and users. Objetivo: Este trabalho se propõe a avaliar o impacto da adoção do padrão IFRS sobre o custo de capital próprio das empresas de capital aberto no Brasil. Originalidade/Lacuna/Relevância/Implicações: A adoção do padrão International Financial Reporting Standards (IFRS apresenta como objetivo o aumento da qualidade das informações contábeis. Estudos realizados para a Europa indicam que após a adoção do padrão IFRS se verificou a redução do custo de capital próprio das empresas devido a redução da assimetria de informação e do risco. Principais aspectos metodológicos: O estudo foi realizado no período de 2004 a 2013. O custo de capital próprio foi calculado

  11. Financial performance and remuneration of executive directors of brazilian

    Directory of Open Access Journals (Sweden)

    Larissa Degenhart

    2017-09-01

    Full Text Available This study aimed to examine whether there is a relationship between financial performance and the remuneration of executive directors of Brazilian companies. Thus, there was a descriptive, documentary and quantitative research. The review period was the years 2011 to 2015. The study population consisted of Brazilian companies listed on the BM&FBovespa and the sample consisted of companies that presented all the variables used in each year surveyed, totaling 219 companies. For the data analysis was conducted to Spearman correlation analysis and linear regression, and was performed using the SPSS statistical software. From the study results it was found that the variables: Total Asset Profitability (ROA and company size had a significant and positive relationship with the fixed remuneration, variable and total executive directors. These results showed for the analyzed scenario, the compensation of executive officers is higher when the ROA is high and also in relation to the company size, large companies pay their executives more than smaller companies. Finally, it can be concluded that there is a relationship between financial performance and Fixed Compensation, and Variable Total executive directors of Brazilian companies listed on the BM&FBovespa. In addition, this research contributes to the understanding of the amounts paid to executive officers, demonstrating that the performance of companies reflected in the remuneration of the executive directors, so that they act in the company in order to raise the economic and financial results.

  12. Ship Routing with Pickup and Delivery for a Maritime Oil Transportation System: MIP Model and Heuristics

    Directory of Open Access Journals (Sweden)

    Vinícius P. Rodrigues

    2016-09-01

    Full Text Available This paper examines a ship routing problem with pickup and delivery and time windows for maritime oil transportation, motivated by the production and logistics activities of an oil company operating in the Brazilian coast. The transportation costs from offshore platforms to coastal terminals are an important issue in the search for operational excellence in the oil industry, involving operations that demand agile and effective decision support systems. This paper presents an optimization approach to address this problem, based on a mixed integer programming (MIP model and a novel and exploratory application of two tailor-made MIP heuristics, based on relax-and-fix and time decomposition procedures. The model minimizes fuel costs of a heterogeneous fleet of oil tankers and costs related to freighting contracts. The model also considers company-specific constraints for offshore oil transportation. Computational experiments based on the mathematical models and the related MIP heuristics are presented for a set of real data provided by the company, which confirm the potential of optimization-based methods to find good solutions for problems of moderate sizes.

  13. Study of the enthalpy-entropy mechanism from water sorption of orange seeds (C. sinensis cv. Brazilian for the use of agro-industrial residues as a possible source of vegetable oil production

    Directory of Open Access Journals (Sweden)

    Daniele Penteado Rosa

    2013-02-01

    Full Text Available Orange seeds are a promising agroindustry-waste which can be implemented in the extraction and production of vegetable oil. The relationship between moisture content and water activity provides useful information for the processing and storage of this waste item. The aim of this study was to determine the mechanism of water sorption enthalpy-entropy of orange seeds (C. sinensis cv. Brazilians according to the moisture content. Therefore, desorption isotherms were determined at five different temperature (30, 40, 50, 60, and 70 ºC under a wide range of moisture content (0.005-0.057 kg kg-1 d.b. and water activity (0.02-0.756. Theoretical and empirical models were used for modeling the desorption isotherms. An analytical solution of the Clausius-Clapeyron equation was proposed to compute the isosteric heat of sorption, the differential entropy, and Gibbs free energy using the Oswin model when the effect of temperature on the hygroscopic equilibrium was considered.

  14. Green Chemistry, Green Engineering and Eco-Innovation Towards a More Sustainable Petrochemical Industry: Determinants of Brazilian Petrochemical Companies´ Engagement in GCE-Based Eco-Innovation Processes

    NARCIS (Netherlands)

    P.A. Freire da Silva (Paulo)

    2014-01-01

    markdownabstract__Abstract__ It is the general wisdom, within the petrochemical industrial sector, that technological changes, for the development of cleaner products, processes and services, is a basic requirement for companies to achieve advanced states of environmental and

  15. The Russian oil

    International Nuclear Information System (INIS)

    Rucker, Laurent

    2003-01-01

    This article proposes a brief discussion of various assessments of Russian oil reserves, of the evolutions of Russian oil production (Russia is the second world producer after Saudi Arabia), of the distribution of Russian oil exports among various regions, and of the decrease of Russian oil consumption between 1992 and 2002. It describes the evolution of the actor system as the oil sector has been largely privatised since 1992, and indicates the main companies which should control the Russia market on a medium term. It also discusses the obstacles for the development of Production Sharing Agreements (PSA) between these companies. It addresses the issue of modernisation of the oil transport system as its status and its condition are often an obstacle to oil export for Russian companies. The article finally discusses the price issue, the relationship between Russia and other OPEC countries, and the need for huge investments

  16. Oil Spill Response Manual

    NARCIS (Netherlands)

    Marieke Zeinstra; Sandra Heins; Wierd Koops

    2014-01-01

    A two year programme has been carried out by the NHL University of Applied Sciences together with private companies in the field of oil and chemical spill response to finalize these manuals on oil and chemical spill response. These manuals give a good overview of all aspects of oil and chemical

  17. Ecoefficiency indicators for natural gas transportation companies; Proposta de indicadores de desempenho ambiental para empresas do segmento de transporte de gas natural

    Energy Technology Data Exchange (ETDEWEB)

    La Rovere, Emilio Lebre; Mariano, Jacqueline Barboza; Garcia, Katia Cristina; Salgado, Vivian Gullo [Universidade Federal, Rio de Janeiro, RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia. Programa de Planejamento Energetico; Faertes, Denise [TRANSPETRO - PETROBRAS Transporte, Rio de Janeiro, RJ (Brazil); Barata, Martha Macedo de Lima [Fundacao Inst. Oswaldo Cruz (FIOCRUZ), Rio de Janeiro, RJ (Brazil)

    2005-07-01

    This paper aims to present a cast of environmental indicators, more specifically ecoefficiency indicators, to natural gas pipeline transportation companies. So as to do that, are defined the concepts of ecoefficiency and sustainability with its principal related environmental indicators. The environmental impacts and aspects of the natural gas pipeline transportation are discussed, and the concept of cleaner service and production is considered in the context of this activity. Are also presented and analyzed the most important indicators of environmental performance used by oil and gas companies and by natural gas transportation companies, so as to support the choice of the proposed indicators. Finally, the cast of the indicators, which was based on the assessment of the Brazilian Northeast System of gas pipelines, operated by PETROBRAS Transporte S.A., TRANSPETRO, is presented. (author)

  18. PAH assessment in the main Brazilian offshore oil and gas production area using semi-permeable membrane devices (SPMD) and transplanted bivalves

    Science.gov (United States)

    André Lourenço, Rafael; Francisco de Oliveira, Fábio; Haddad Nudi, Adriana; Rebello Wagener, Ângela de Luca; Guadalupe Meniconi, Maria de Fátima; Francioni, Eleine

    2015-06-01

    The Campos Basin is Brazil's main oil and gas production area. In 2013, more than 50 million cubic meters of produced water (PW) was discharged into these offshore waters. Despite the large volumes of PW that are discharged in the Campos Basin each day, the ecological concern of the chemicals in the PW are not completely understood. Polycyclic aromatic hydrocarbons (PAH) are the most important contributors to the ecological hazards that are posed by discharged PW. This study aimed to evaluate the potential bioaccumulation of PAH using transplanted bivalves (Nodipecten nodosus) and semi-permeable membrane devices (SPMD). The study was conducted in two platforms that discharge PW (P19 and P40). Another platform that does not discharge PW (P25) was investigated for comparison with the obtained results. Time-integrated hydrocarbon concentrations using SPMD and transplanted bivalves were estimated from the seawater near the three platforms. The bioaccumulation of the PAH in the transplanted bivalves at platforms P19 and P40 were up to fivefold greater than the bioaccumulation of the PAH at platform P25. The lowest PAH concentrations were estimated for platform P25 (4.3-6.2 ng L-1), and the highest PAH concentrations were estimated for platform P19 (9.2-37.3 ng L-1). Both techniques were effective for determining the bioavailability of the PAH and for providing time-integrated hydrocarbon concentrations regarding oil and gas production activities.

  19. The Restrictions to the Improper Use of Liability Company's Administration as a Way of Shareholder's Protection

    Directory of Open Access Journals (Sweden)

    João Luis Nogueira Matias

    2016-12-01

    Full Text Available The brazilian limited company, in line with the principles of the Constitution, is not treated as partners's subject. There is the recognition of outside's interest. New standards are set in the internal relations with the protection of the rights of the minority. The partners can shape the limited company governance, however, the brazilian civil code put cogent norms that limit the abuse of management. In this paper will be analyzed the administration typology; agency conflicts; conflicts of interests between direction and the limited company and the management control. It is verified that the restrictions on brazilian limited company administration provides protection to shareholders.

  20. Legal Treatment Given the Oil leak in the Frade field . Case Study: (i Liability and signing of Conduct Adjustment Term

    Directory of Open Access Journals (Sweden)

    Alexandre Ricardo Machado

    2016-06-01

    Full Text Available This paper is to discuss how were treated  the legal and environmental consequen- ces caused by the large oil spill occurred in the FRADE FIELD, State of Rio de Janeiro, Brazil by the Company CHEVRON Brazil, in the face of brazilian authorities. On the text it will be discussed important decisions taken related to objective liability from the Company due to damages and the theories that have been taken into consideration for the extinction of two public civil actions filed by the Federal Public Ministry by an agre- ement called “Conduct Adjustment Term”. This study will make a chronological analysis of the facts that occurred on the two oil spills and how the company Chevron Brazil handled the incident, especially after be signed the undertaking between this Company, the Federal Public Ministry (MPF, National Agency Petroleum (ANP and the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA solving the two public civil actions and proposals related to incidents in the Frade field in 2011 and 2012. The process also triggered imposition of financial penalties, already collected. On this comments shall be made considerations related to the incident and its “solution” for this legal formula and, given the severity of the accident, the indicated measures show hit or not the sectors involved.