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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)

    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. Oil companies make cutbacks

    International Nuclear Information System (INIS)

    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

  3. Happy oil companies

    International Nuclear Information System (INIS)

    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.)

  4. MOC encourages private oil companies

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    The Ministry of Commerce issued a guideline in late June, encouraging private oil companies to take part in refined oil's processing, transportation and retail. The government will support competitive and large companies to integrate into asset-based oil groups and technology service-based oil companies, according to the guideline. Private business will be encouraged to obtain stable access to refined oil resources, technology and management service. China's refined oil market is largely controlled by three State-owned heavyweights: PetroChina, the largest oil producer in Asia; Sinopec,

  5. The processes of organizational learning and innovation: a longitudinal case study (1986-1995) in a company of brazilian oil sector

    OpenAIRE

    José Antônio Valle Antunes Júnior; Ivan de Pellegrin; Rodrigo Pinto Leis; Marco Zimmer; Guilherme Luís Roehe Vaccaro; Daniel Pacheco Lacerda

    2011-01-01

    Innovation is one important factor for companies. This study presents a longitudinal case study focusing on the learning processes associated to innovation on an oil industry company. To conduct the study, which was of exploratory nature, interviews were conducted with professionals connected to the history of the company. Reports about the processes of innovation were described by content analysis and related to: the types of innovation proposed by Schumpeter (1942); the types of learning pr...

  6. OPERATIONS MANAGEMENT TOOLS IN BRAZILIAN SMALL COMPANIES

    OpenAIRE

    Tonny Kerley de Alencar Rodrigues; Átila de Melo Lira; Irenilza de Alencar Naas

    2014-01-01

    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 ...

  7. China Aviation Oil Acquires Overseas Oil Company

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ China Aviation Oil (Singapore) announced an acquisition of a 20.6 percent stake in Singapore Petroleum Company (SPC) from Satya Capital Inc Ltd, the largest investment the company has ever made in its history. China Aviation Oil (Singapore),which is the largest Chinese enterprise Singapore,will become the second largest shareholder of SPC after the acquisition.

  8. Oil companies and human rights

    International Nuclear Information System (INIS)

    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)

  9. Oil companies and human rights

    Energy Technology Data Exchange (ETDEWEB)

    Chandler, Geoffrey [Amnesty International (United Kingdom)

    1997-11-01

    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)

  10. CSR Important to Oil Companies

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ Corporations are human endeavors, and all human endeavors should benefit our society and reflect our morals. They should provide more than just investor return. The nature of oil industry demands that oil companies be socially responsible in addition to operating in an ethical and environmentally friendly manner. At a time of rising energy prices and global concern over our energy future, however, oil companies should give even greater emphasis to this part of their approach to corporate social responsibility(CSR).

  11. 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.

  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. The oil companies in 1998

    International Nuclear Information System (INIS)

    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

  14. The processes of organizational learning and innovation: a longitudinal case study (1986-1995 in a company of brazilian oil sector

    Directory of Open Access Journals (Sweden)

    José Antônio Valle Antunes Júnior

    2011-05-01

    Full Text Available Innovation is one important factor for companies. This study presents a longitudinal case study focusing on the learning processes associated to innovation on an oil industry company. To conduct the study, which was of exploratory nature, interviews were conducted with professionals connected to the history of the company. Reports about the processes of innovation were described by content analysis and related to: the types of innovation proposed by Schumpeter (1942; the types of learning proposed by Malerba (1992; the modes of learning single loop and double loop of Argyris and Schön (1978; the ways of knowledge conversion of Nonaka and Takeuchi (1997; and the creation of spaces of knowledge of Nonaka et. al (1998, 2000. The research results indicate that radical innovation tends to require a wider range of learning styles, if compared to incremental innovations. Still, the internalization and socialization seems to prevail in contexts of radical innovation, while externalization and combination are more frequent in incremental innovation contexts. Finally, the results point to the fact that the single loop learning is more directly related to incremental innovations, while the double loop learning is more present in radical innovation contexts.

  15. High benefits for oil companies

    International Nuclear Information System (INIS)

    European oil companies have published financial results better than expected, they are favoured by the revalorization of the dollar against the euro (12% on the first half-year 2000). On the contrary it is confirmed that offshore construction will have again a bad year in 2000, the recovery is expected during the first term of 2001. (A.C.)

  16. The Internationalization Process of a Brazilian Company- A study of the Uppsala and the Network Models applied to a Brazilian company

    OpenAIRE

    Muniz, Briza

    2004-01-01

    Background: The Uppsala and Network Models of Internationalization belong to the Nordic School and were created based on Swedish companies. Is that possible to apply these models to a Brazilian context? Brazilian companies are becoming more international and expanding to foreign markets, and this study is going to exam if the Nordic schools models can be used to explain the internationalization process of a Brazilian company. Purpose: The purpose of this thesis is to exam if the proposition,...

  17. Tarim Oil Field Company Oil Output Exceeds 5 Million Tons

    Institute of Scientific and Technical Information of China (English)

    2003-01-01

    PetroChina Tarim Oil Field Company (Tarim Oil Field), located in the hinterland of Takelamagan Desert in Northwest Xinjiang Autonomous Region,produced 5.006 million tons of crude oil in 2002,ranking it as the sixth largest onshore oil field in China. This is the first time Tarim Oil Field has topped 5 million tons for its crude production.

  18. Valuation of international oil- and gas companies

    International Nuclear Information System (INIS)

    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

  19. Brazilian oil spills chemical characterization : case studies

    International Nuclear Information System (INIS)

    The Petrobras Research Centre has been active in responding to some significant oil spills in Brazil in the past decade. The centre has characterized spilled oil, monitored the affected ecosystems and determined the fate of oil in the environment. This paper described the use of some advanced chemical analytical techniques used in Brazilian oil spill studies to determine fractions and individual petroleum hydrocarbons in water, groundwater, sediment, sand, fish and the spilled oil itself. Some of the most recent oil spill cases were discussed in terms of chemical characterization of the spilled oil and the environmental samples from different matrices of the affected ecosystems for determining the fate of the oil in the environment and to assess environmental damage. In particular, methods such as gas chromatography/flame ionization detector, P and T/GC/PID and gas chromatography/mass spectrometry have been used to examine crude and fuel oil spills in Guanabara Bay, Barigui and Iguassu Rivers, and the Sao Sebastiao Channel. The chemical analytical methods are used to determine total petroleum hydrocarbons, n-alkanes, isoprenoids, unresolved complex mixtures, volatile monoaromatic compounds such as BTEX (benzene, toluene, ethylbenzene and xylenes), as well as parent and alkylated homologues polycyclic aromatic hydrocarbons (PAH) and terpanes and steranes. Acute ecotoxicity data for water and sediment samples was also included. It was determined that with certain limitations, PAH ratios can help determine the origin of hydrocarbons as being either petrogenic or pyrolytic. However, alkylated PAH homologues and parent compounds such as dibenzothiophene and perylene give more precise interpretation of the data. 30 refs., 9 tabs., 11 figs

  20. Strategy Disclosure in the Annual Reports of Brazilian Companies

    OpenAIRE

    Marcelo Sanches Pagliarussi; Antonio Carlos Aguiar Gagno Junior; Antonio Thadeu Mattos da Luz

    2010-01-01

    In this study we describe how listed Brazilian companies disclose information about their strategy in annual reports. From the literature on operations strategy, we developed eight proxies and their respective keywords for strategy disclosure. Keyword frequencies were measured using an automatic procedure. We used cluster analysis to identify strategic groups and multinomial logistic regression to discriminate the groups using economic performance variables. From a sample of 450 annual report...

  1. Environmental management in companies from Rio Grande do Sul - a comparative study with other brazilian companies

    OpenAIRE

    Carlos Candido da Silva Cyrne; Claus Haetinger; Claudete Rempel

    2015-01-01

    This paper aims to describe how companies have managed the environmental issues, which kind of instruments are used for this purpose, comparing companies from the state of Rio Grande do Sul and the rest of Brazil. This work was developed using data published by Análise Editorial magazine about the environmental management practices that have been used by Brazilian companies. Data was obtained from the seventh edition of the yearbook Análise da Gestão Ambiental, which includes 853 companies, 2...

  2. 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.

  3. 78 FR 37537 - CHS Inc., Federal Express Corporation, GROWMARK, Inc., HWRT Oil Company LLC, MFA Oil Company...

    Science.gov (United States)

    2013-06-21

    ..., MFA Oil Company, Southwest Airline Co., United Airlines, Inc., UPS Fuel Services, Inc. v. Enterprise... Express Corporation; GROWMARK, Inc.; HWRT Oil Company LLC; MFA Oil Company; Southwest Airline Co.;...

  4. CHINA IMPOSES SPECIAL TAX ON OIL COMPANIES

    Institute of Scientific and Technical Information of China (English)

    Zheng Junde

    2006-01-01

    @@ China's Central Government began imposing a special profit tax on oil companies from March 26 so long as the prices of domestically produced crude oil exceed US$40 per barrel. This is an essential way to make oil companies shoulder their social responsibilities. According to the State Council and the Ministry of Finance, the graduated tax rate starts at 20 percent and rises with the barrel price.A maximum 40 percent tax is charged for barrels that are US$60 and higher. It will be calculated every month, and companies are required to make quarterly payments.

  5. Environmental management in companies from Rio Grande do Sul - a comparative study with other brazilian companies

    Directory of Open Access Journals (Sweden)

    Carlos Candido da Silva Cyrne

    2015-12-01

    Full Text Available This paper aims to describe how companies have managed the environmental issues, which kind of instruments are used for this purpose, comparing companies from the state of Rio Grande do Sul and the rest of Brazil. This work was developed using data published by Análise Editorial magazine about the environmental management practices that have been used by Brazilian companies. Data was obtained from the seventh edition of the yearbook Análise da Gestão Ambiental, which includes 853 companies, 25 banks and 237 non-governmental organizations (NGOs and 28 different economy branches. The research nature is classified as applied or technological; the approach method is quantitative; and, the study has a descriptive porpouse, since it exposes the characteristics of different companies; using literature and secondary data. The results point to the use of ISO 14001 as the main tool for environmental management and a lag of local companies. It may be asserted that other Brazilian companies are in an advanced stage regarding the environmental management practices compared to companies from Rio Grande do Sul.

  6. National Oil Companies: the view from Venezuela

    International Nuclear Information System (INIS)

    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)

  7. 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.

  8. State oil companies have diverse strategies

    International Nuclear Information System (INIS)

    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

  9. Oil companies and village development in Nigeria

    International Nuclear Information System (INIS)

    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)

  10. SOCIAL AND ENVIRONMENTAL MANAGEMENT PRACTICE OF BRAZILIAN FOOTWEAR-EXPORTING COMPANIES

    OpenAIRE

    Scherer, Flavia Luciane; Gomes, Clandia Maffini; Crespam, Cristina Ceribola

    2010-01-01

    The present study aims to analyze social and environmental management practices adopted by Brazilian footwear-exporting companies. To that end, we reviewed the literature on the Brazilian footwear industry and its socio-environmental management, which serves to frame our empirical survey of Brazilian footwear manufacturers having international operations, according to the Brazilian Footwear Association [ABICALÇADOS]. We undertook a descriptive study by using the survey method as a data collec...

  11. Composition of the board and firm value of brazilian public companies

    OpenAIRE

    Enalto de Oliveira Gondrige; Ademir Clemente; Márcia Maria dos Santos Bortolocci Espejo

    2012-01-01

    The purpose of this paper is to investigate the relationship between the composition of boards of directors of Brazilian public companies and the firm value. The analysis is conducted by reference to a group of 208 Brazilian companies listed on Bovespa in the year 2008. The contribution of the study is done to assess the level of adherence to the recommendations of the Brazilian Institute of Corporate Governance (IBGC) regarding the composition of the board and its relation to market value. U...

  12. Foreign oil companies weathering Peru's political crisis

    International Nuclear Information System (INIS)

    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

  13. Delisting Brazilian Public Companies: Empirical Evidence about Corporate Governance Issues

    Directory of Open Access Journals (Sweden)

    Patricia Maria Bortolon

    2015-01-01

    Full Text Available This paper prop oses to analyse the relationship between corporate governance and delisting process of public companies listed on the Brazilian Securities, Commodities and Futures Exchange (Bolsa de Valores, Mercadorias e Futuros de São Paulo – BM&FBovespa. The sample co mprises 86 voluntary delisting operations in 2008 - 2012 period and a matching sample with companies that remained public, identified here as “comparable”. A corporate governance index comprising four dimensions (ownership structure, ethics and conflicts of interest, disclosure and board of directors and a set of 16 questions was used to analyse the two groups. As expected, delisted companies score lower than their comparable ones is the broad index. However, board of directors, disclosure and ethics and con flicts of interest dimensions didn’t show statistical significant differences between the two groups. In the ownership structure dimension the issues related to concentration of control differentiate the groups. Despite the mean differences, corporate gove rnance doesn’t seem to impact significantly the chances to delist in a model with ownership structure and financial variables.

  14. Internationalization strategy and foreign distribution channels: analysis of the brazilian cosmetics company Natura

    OpenAIRE

    Silvia Novaes Zilbe; Carlos Henrique Mora Júnior; Francisco Lourenço da Silva

    2010-01-01

    This paper describes the internationalization process of the Brazilian company Natura Cosméticos S.A., whose competitive differential is the development of products based on the biodiversity of Brazilian flora. We specifically focus on the company's different choices of distribution channels in foreign markets. The study is exploratory, relying on content analysis of secondary data. The results indicate that the company's internationalization process has followed the model of the Uppsala ...

  15. 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.

  16. Why the oil companies lost solar

    International Nuclear Information System (INIS)

    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

  17. 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.

  18. 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”

  19. Valuation of international oil companies - size matters

    International Nuclear Information System (INIS)

    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)

  20. The Use of Currency Derivatives by Brazilian Companies: An Empirical Investigation

    OpenAIRE

    José Luiz Rossi Júnior

    2007-01-01

    This paper studies the use of foreign currency derivatives for a sample of non-financial Brazilian companies from 1996 to 2004. The paper verifies that some of the hypotheses presented by the optimal hedging literature are able to explain the Brazilian companies decision to use currency derivatives and their decision on the amount to use. Moreover, the paper shows that the macroeconomic environment and country-specific factors not analyzed in previous empirical work also play a role in determ...

  1. 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.

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

    OpenAIRE

    Anna Beatriz Grangeiro Ribeiro Maia; Alessandra Carvalho de Vasconcelos; Márcia Martins Mendes De Luca

    2013-01-01

    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&FBoves...

  3. 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)

  4. Evaluation of the Effect of Environmental Management Strategies on the Financial Performance of Brazilian Companies

    OpenAIRE

    Gabriel Aguiar De Araújo; Marcos Cohen; Jorge Ferreira da Silva

    2014-01-01

    Since the last decades of the 20th century, companies have been pressured by new demands of society in order to present more conscious and sustainable behaviors. Adapting to this new paradigm, many of the medium and large companies have directed their strategies and actions to social and environmental aspects. Environmental management figures as an indispensable tool to guide such actions. The purpose of this article is to understand the environmental practices of Brazilian companies and to a...

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

    OpenAIRE

    Janaína Maria Bueno; Carlos Roberto Domingues

    2012-01-01

    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 q...

  6. Essential oils from Brazilian rutaceae. Part I. Genus Pilocardus

    Energy Technology Data Exchange (ETDEWEB)

    Craveiro, A.A.; Andrade, C.H.S.; Matos, F.J.A.; Alencar, J.W.

    1979-11-01

    The leaves of jaborandi are commercially exploited in the Brazilian Northeast for industrial extraction of pilocarpine, an alkaloid with potent cholinergic activity. The leaves also contain an essential oil whose composition is registered in the literature in a confusing and incomplete way. Chemical re-examination of the essential oil from five distinct Pilocarpus species was conducted together with an analysis of the leaves used by local industry. It was found to contain terpenes, sesquiterpenes and ketones. Some of them are reported for the first time in the genus.

  7. Economic Analysis of Three Largest Oil Companies in Kazakhstan

    OpenAIRE

    Klobuk, Mariya

    2013-01-01

    This diploma thesis is an economic analysis of the three largest oil companies which operate in Kazakhstan. Kazakhstan is the second largest oil and gas producer amongst the Soviet Republics after the Russian Federation. This country is heavily dependent on oil exports. There are a lot of international oil companies in the state, three of them were chosen for analysis, such as Exxon Mobil, Royal Dutch Shell and Chevron. It is with interest that we explore which company is a key leader in oil ...

  8. 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)

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

    International Nuclear Information System (INIS)

    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)

  10. Internationalization strategy and foreign distribution channels: analysis of the brazilian cosmetics company Natura

    Directory of Open Access Journals (Sweden)

    Silvia Novaes Zilbe

    2010-01-01

    Full Text Available This paper describes the internationalization process of the Brazilian company Natura Cosméticos S.A., whose competitive differential is the development of products based on the biodiversity of Brazilian flora. We specifically focus on the company's different choices of distribution channels in foreign markets. The study is exploratory, relying on content analysis of secondary data. The results indicate that the company's internationalization process has followed the model of the Uppsala school (learning and that the company has maintained the same distribution strategy (direct sales in markets with similar cultures (Latin America, but for the European market (Paris it preferred to establish a physical store because of the cultural differences of that market. The change of the distribution channel model in the European market led the company to develop new organizational competencies.

  11. Valuation of oil companies - Implications for corporate behaviour

    International Nuclear Information System (INIS)

    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

  12. 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]. E-mail: canelas@ppe.ufrj.br

    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)

  13. The future of National Oil Companies in Exporting Countries

    International Nuclear Information System (INIS)

    The future of national oil companies depends basically on their ability to get integrated in the international oil industry. The first problem to be raised is the nature of the firm. Then the strategies conducted by the companies and the states are reviewed. (Author)

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

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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)

  16. SOCIAL AND ENVIRONMENTAL MANAGEMENT PRACTICE OF BRAZILIAN FOOTWEAR-EXPORTING COMPANIES

    Directory of Open Access Journals (Sweden)

    Flavia Luciane Scherer

    2010-07-01

    Full Text Available The present study aims to analyze social and environmental management practices adopted by Brazilian footwear-exporting companies. To that end, we reviewed the literature on the Brazilian footwear industry and its socio-environmental management, which serves to frame our empirical survey of Brazilian footwear manufacturers having international operations, according to the Brazilian Footwear Association [ABICALÇADOS]. We undertook a descriptive study by using the survey method as a data collection procedure. The data obtained from responding companies showed the predominance of firms with proven market experience, mostly large-sized and with at least two decades of activity. The descriptive analysis allowed us to verify that whereas their investments in environmental practices usually have low to medium intensity rates, these investments nonetheless stand out when compared with investments in social issues. The factorial analysis enabled us to reduce and group the practices studied into two factors, which we termed “environmental” and “social.” Key-words: Social and Environmental Practices. Brazilian footwear-exporting companies.

  17. 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.

  18. Cleaner Production: A Growing Movement in Brazilian Companies

    OpenAIRE

    Oduvaldo Vendrametto; Nivaldo Palmeri Palmeri; Geraldo Cardoso de Oliveira Neto; Osvaldo D'Angelo Perreti

    2010-01-01

    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, ac...

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

    OpenAIRE

    M. Zahid Hasan; Ratti, Ronald A.

    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. 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.

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

    International Nuclear Information System (INIS)

    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: → The observed exploration and production (E and P) contracts foresee much of the characteristics of an optimal contract. → The current oil regulation in Brazil is in general consistent with an optimal regulatory response. → The changes in the net risk of the E and P offshore activities in Brazil are not so clear. → The 2009's new regulatory proposal in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts.

  2. 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.

  3. Analysis of the use of Essential GRI (G3 Indicators in the Reports of Companies in the Sectors of Oil, Gas, And Biofuels; And Public Utilities In Brazil

    Directory of Open Access Journals (Sweden)

    Silvana karina de Melo Travassos

    2014-08-01

    Full Text Available The objective of this article is to verify the degree of full adhesion and Effective Disclosure for business sectors in Brazil for oil, gas, and biofuel; and utilities, through sustainability reports prepared by the G3 version of the GRI Guidelines. The report of the Global Reporting Initiative (GRI is constituted by a set of principles and indicators of economic, social, and environmental concerns with emphasis on transparency, quality, and reliability. This paper develops a multi-case methodology using a qualitative approach and has an exploratory purpose concerning the compliance of the reports of Brazilian companies to the parameters of the GRI. We opted for the use of a non-probabilistic sample of Brazilian companies in two Brazilian sectors, namely oil, gas, and biofuel; and utilities. Then we obtained sustainability reports which provided the summary index of the indicators from the institutional page of each company on the internet. From these observations we found that some Brazilian companies are adhering to the use of indicators of Sustainability Reports proposed by GRI. Furthermore, we found that the fact that companies are part of the same economic sector implies they are at a similar level of adherence to the indicators. Also, we observed that despite the effort postulated by GRI to develop a quality model more consistent and complete for sustainability reports, its applicability in the Brazilian oil, gas, and biofuel; and utility industries still needs to be improved.

  4. 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 ...

  5. 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)

  6. Relationships between R & D, patents and export actively innovative Brazilian companies

    Directory of Open Access Journals (Sweden)

    Micheline Gaia Hoffmann

    2014-10-01

    Full Text Available This paper is the outcome of quantitative research that examines the relationship between R&D (expenditures, personnel training and practices of external collaboration, patent generation and exporting in Brazilian companies which are identified as innovative. The research tested 07 hypotheses for the relationship between variables, using data collected from the companies that participated in the FINEP Prize for Innovation 2010. The sample is non-probabilistic and counted on 471 companies, distributed over 18 sectors and 5 regions of Brazil. The results show that there is a relationship between the investments in R&D, the number of patents generated and the capacity of exporting in the researched companies. The research also shows that there is a weak relationship between R&D expenditures and patents, as well as between partnership with universities and patents. In addition, in the researched companies, the more training the personnel working on R&D receive, the more patents that are generated.

  7. CEO letters in CSR reports: oil companies in focus

    OpenAIRE

    von Berg, Marhaba

    2013-01-01

    Objectives of the study: A main challenge in planning CSR communication strategy is how to communicate positive motives of a corporation in its CSR activities and how to decrease stakeholder uncertainty. This study provides an analysis of the CEO letters issued by eight oil companies in their CSR reports. The thesis is an investigation of target stakeholder group and move-structure carried out to determine the communicative purpose of CEO letters in CSR reports of eight oil companies. The...

  8. "Volatility Spillovers Between Crude Oil Futures Returns and Oil Company Stocks Return"

    OpenAIRE

    Chia-Lin Chang; Michael McAleer; Roengchai Tansuchat

    2009-01-01

    The purpose of this paper is to investigate the volatility spillovers between the returns on crude oil futures and oil company stocks using alternative multivariate GARCH models, namely the CCC model of Bollerslev (1990), VARMA-GARCH model of Ling and McAleer (2003), and VARMA-AGARCH model of McAleer et al. (2008). The paper investigates WTI crude oil futures returns and the stock returns of ten oil companies, which comprise the ?supermajor? group of oil companies, namely Exxon Mobil (XOM), R...

  9. Volatility Spillovers Between Crude Oil Futures Returns and Oil Company Stocks Return

    OpenAIRE

    Chang, Chia-Lin; McAleer, Michael; Roengchai, Tansuchat

    2009-01-01

    The purpose of this paper is to investigate the volatility spillovers between the returns on crude oil futures and oil company stocks using alternative multivariate GARCH models, namely the CCC model of Bollerslev (1990), VARMA-GARCH model of Ling and McAleer (2003), and VARMA-AGARCH model of McAleer et al. (2008). The paper investigates WTI crude oil futures returns and the stock returns of ten oil companies, which comprise the “supermajor” group of oil companies, namely Exxon Mobil (XOM), R...

  10. 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. PMID:26477892

  11. Vertical Integration and Valuation of International Oil Companies

    OpenAIRE

    Misund, Bård; Osmundsen, Petter; Sikveland, Marius

    2014-01-01

    This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 to 2011 and evaluates their relation to market values. In particular, we examine how this relationship is affected by accounting method choice (successful efforts versus full cost accounting) and vertical integration. We find that net income is more value relevant for full cost companies compared to companies that use the successful efforts accounting method. Furthermore, the...

  12. CNPC Cooperates with Russian Company in Oil Products Business

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ China National Petroleum Corporation (CNPC) plans to set up a joint venture with Russian oil giant Rosneft to open up to 300 service stations in China. The joint venture, in which the Chinese company has a controlling stake, will cover oil refinery and retail business.

  13. 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.

  14. THE DIMENSIONS OF IT PORTFOLIO MANAGEMENT (ITPM: AN ANALYSIS INVOLVING IT MANAGERS IN BRAZILIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Pietro Cunha Dolci

    2011-08-01

    Full Text Available The aim of this study is to explore and validate the dimensions of IT Portfolio Management (ITPM in Brazilian companies, based on three different models. Five case studies were carried out in Brazilian companies that invest more than nine million reals per year in IT. Eight top IT executives from those organizations who had knowledge of the dimensions of ITPM were interviewed. Items were modified and new items included within the dimensions, while examples of equipment or systems applicable to each of the four dimensions were also identified. Research that helps managers to better understand and structure their IT investments by using the dimensions of ITPM is important to assist in the management of such resources. ACKNOWLEDGEMENTS. The authors wish to thank CNPq and CAPES for their financial support during the development of this research.

  15. PETROBRAS, an energy company and the Brazilian biofuel program

    Energy Technology Data Exchange (ETDEWEB)

    Torres, Fernando; Diehl Filho, Rubin P.; Fernandes Valle, Luiz Alberto

    2010-09-15

    Ever since the launches of Proalcool (ETHANOL PROGRAM) and PNPB (BIODIESEL PROGRAM), PETROBRAS (as an energy company) has been actively participating in these national projects and investing in tankage collection and storage, shipment and marine terminals, distribution infrastructure, biodiesel and ethanol plants and second-generation biofuels. It has also been the pioneer in offering these products at its service stations to final consumers. PETROBRAS in its 2008-2012 Business Plan intends to invest US$ 1.5 billion in biofuel business and act globally in biofuel commercialization and logistics, leading national biodiesel production and expanding its presence in the ethanol business.

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

    International Nuclear Information System (INIS)

    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

  17. Oil Companies at Dawn of Competition

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ China has recently released the "Regulation of Crude Oil Market Management"and the "Regulation of Refined Oil Market Management" in an effort to further open China's petroleum market to the outside world and promote market-orientated reform in oil distribution. This is set in the context of China's WTO transitional period having drawn to an end. The regulations indicate that the government is serious about fulfilling China's WTO obligations.

  18. 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.

  19. 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.

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

    DEFF Research Database (Denmark)

    Backer, Lise

    2007-01-01

    In this article I contribute to descriptive green business research on how processes of eco-effective greening business unfold in the 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 organisational sense-making theory and analyse to this end Shell and Vestas' shared green sense-making 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...... 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...

  1. Oil sands opportunities for midstream companies

    International Nuclear Information System (INIS)

    The potential of Alberta's oil sands industry was reviewed. Oil sands production is expected to surpass declining conventional production. It was suggested that oil sands will increase from 42 per cent of Western supply in 2002 to 78 per cent in 2015. An inventory of major oil sands products and sources was presented and upgrading issues were examined. Oil sands products and market outlets were reviewed. Issues concerning the expansion of the value chain from resource to finished product were discussed. It was suggested that the U.S. will require more refined product imports in the future. Various market challenges facing the oil sands processing industries were discussed, including issues concerning producers, refiners and the common market. Potential refined products export markets were examined. Upgrading for both upstream and downstream refineries was discussed. A recent study completed for the Alberta Government and industry was reviewed. It was noted that pipeline changes or expansions need to be configured to accommodate refined products and that a large volume of exports to the Midwest or California markets would be based on pipeline availability. Issues concerning services to large oil sands projects were reviewed. It was concluded that there is significant growth in oil sands, with enormous capital requirements. There are many opportunities for mid streamers to take on smaller portions of large projects. refs., tabs., figs

  2. Organizational Risk Management – A Case Study in Companies that Have Won the Brazilian Quatity Award Prize

    OpenAIRE

    Luiz Carlos Di Serio; Luciel Henrique de Oliveira; Luiz Marcelo Siegert Schuch

    2011-01-01

    Supply chain optimization, company interdependency and the establishment of global operating networks have all made companies more susceptible to uncertainty and risk. Literature on the subject lacks analysis of how companies have implemented these systems and what the results have been. This paper describes the implementation of Enterprise Risk Management (ERM) in three Brazilian world-class companies and evaluates the hindrances and facilitating factors. It also considers the results achiev...

  3. 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)

  4. The rise and fall of an oil company

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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)

  6. The Brazilian offshore oil and gas industry: potential and market entry for Friesland Kabel

    OpenAIRE

    Herrmann, Michael

    2015-01-01

    Project submitted as partial requirement for the conferral of Master in International Management The Brazilian oil and gas offshore exploration faces a high demand for advanced technology and know-how. For that reason, foreign suppliers of subsea equipment are increasingly attracted by this dynamic market. Against this background, this project develops an international strategy for the German marine cable distributor Friesland Kabel within the Brazilian offshore oil and gas supply chain...

  7. 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

  8. PetroChina, Central Asia Oil Company Ltd Signed Oil Development Contract

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ PetroChina and the Central Asia Oil Company Ltd signed a contract of oil development and production for Block 413 in Songliao Basin in Beijing on July 16. This is the first oil development and production contract signed by PetroChina for external cooperation this year.

  9. The World Financial Crisis and the International Financing of Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Andre Carvalhal

    2013-01-01

    Full Text Available The world financial crisis initiated in 2008 may have affected the international financing mix of firms in Brazil and their determinants, given its aftereffects. Financial crisis are recurrent events with varying degrees of severity. Many public Brazilian firms use international financing in their capital structure mix and it is relevant to understand their behavior during international crises. Thus, our goal was to investigate the foreign financing mixes of Brazilian listed companies before (2004 and during the 2008 world financial crisis by means of descriptive and probit regression analyses of their components and determinants at the end of these years. Brazilian companies usage of Eurobonds fluctuates with the value of the real (R$ and is still small considering the size of Brazil’s economy. Short-term financing and bank loans, domestic and foreign, decreased in 2008 and were replaced by domestic and international bonds and American Depository Receipts (ADRs. Firms with foreign shareholders more often resorted to foreign capital markets and their presence became a more important determinant in 2008, while the other determinants did not change. Firms that employ international debt tend to use all other sources of financing more often. International bank loans may be the first step to reduce international financing constraints.

  10. 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.

  11. 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.

  12. BP Oil Company's approach to risk management

    International Nuclear Information System (INIS)

    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

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

    OpenAIRE

    Becker, Lise

    2007-01-01

    In this article I contribute to descriptive green business research on how processes of eco-effective greening business unfold in the 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 organisational sense-making theory and analyse to this end Shell and Vestas’ shared green sense-making on off-shore wind energy business. The article concludes that greening ...

  14. Privatization of oil companies in Latin America

    International Nuclear Information System (INIS)

    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)

  15. 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.

  16. Valuation of international oil companies : the RoACE era

    OpenAIRE

    Osmundsen, Petter; Asche, Frank; Mohn, Klaus

    2004-01-01

    To improve their basis for investment recommendations and decisions, stock market analysts and investors make extensive use of operational and financial indicators. For the international oil and gas industry, a predominant indicator is return on capital employed (RoACE). The rationale for using this indicator is an assumed correlation between rentability and valuation metrics. Based on panel data for 11 international oil and gas companies, we seek to establish econometric relations between ma...

  17. Should oil trading companies possess their own tankers ?

    OpenAIRE

    Haldemann, Ulysse; PIller, Robert

    2016-01-01

    The purpose of this report is to understand if it would make sense for oil trading companies to purchase and operate oil tankers. The report begins by defining the current concept of trading. In fact, trade is defined as the action of buying and selling goods. The concept has evolved from prehistoric times to today where the trade industry involves millions of transactions completed each day. Moreover, the current report provides an overview of commodity trading in Switzerland and Geneva, whi...

  18. The impact from oil price changes on share values of different oil companies : an empirical analysis

    OpenAIRE

    Storvik, John-Rune Th.

    2010-01-01

    This study provides a thorough analysis of oil price effect on share values of different oil and gas operators. The purpose of this study is to reveal patterns through conceptual examination of ten different oil and gas companies related to their financial structures by using simple statistical and financial analyses, and not through elaborate econometric analysis of oil price changes. Methods applied include empirical, technical and financial analyses. Findings have discovered that some ...

  19. What are oil companies doing with their profits?

    International Nuclear Information System (INIS)

    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

  20. 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.

  1. The oil companies arrive in force in the green energies

    International Nuclear Information System (INIS)

    Over the last few months, reacting to changes in the energy world, major oil companies Shell, BP and TotalFinalElf have made many spectacular announcements of investment in the field of renewable energies. These are no longer trial runs: Shell and BP have announced that they intend to be leaders in wind power and photovoltaic energy respectively. (authors)

  2. Evaluation of the Effect of Environmental Management Strategies on the Financial Performance of Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Gabriel Aguiar De Araújo

    2014-08-01

    Full Text Available Since the last decades of the 20th century, companies have been pressured by new demands of society in order to present more conscious and sustainable behaviors. Adapting to this new paradigm, many of the medium and large companies have directed their strategies and actions to social and environmental aspects. Environmental management figures as an indispensable tool to guide such actions. The purpose of this article is to understand the environmental practices of Brazilian companies and to analyze if these practices influence their financial performance. Data were collected from Análise Gestão Ambiental magazine about the environmental initiatives of enterprises as well as from financial indicators (Exame magazine, BOVESPA, and official financial statements of the companies. Data were statistically analyzed using SPSS 17.0 software. Initially a TwoStep cluster analysis was used in order to identify groups of firms practicing distinct environmental strategies. Then, the financial indicators of companies clusters found were analyzed by means of ANOVA and MANOVA statistical tools to check for differences between the financial performances of these clusters. The results of this analysis of a sample of 142 firms suggest that environmental management practices can be classified into two distinct categories - reactive and proactive - but no significant differences between the financial performances of these clusters were found.

  3. 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.

  4. 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.

  5. 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

    The objective of this paper is to verify to what degree the internal and external barriers (I/EBs) to environmental management affect the adoption of green operational practices (GOPs) and to determine whether they influence the firms operational and green performance in a sample of Brazilian...... 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......) are more significant than the EBs when adopting GOPs, (c) GOPs relate directly to the firms green and operational performance (OP), (d) the IBs also indirectly influence the firms green and OP and (e) the firm size does not significantly influence its green and OP. This work contributes to the...

  6. Privatizing national oil companies in the Gulf

    International Nuclear Information System (INIS)

    The World Bank estimates that privatization is either under way or being planned in at least 50 countries. Governments worldwide sold an estimated $25 billion worth of state assets to private investors in 1990 alone. It is estimated that a further $30 billion will have been generated in sales of state owned enterprises in 1991. And the oil and chemical sectors have been among the major targets of recent privatization initiatives. The Middle East has, however, been a late comer to the privatization arena. Globally, it accounts for less than 1% of total divested public enterprises and less than 3% of that in developing countries. Of the entire Middle East, only Egypt and Iran have developed a clear and coherent vision and a plan for privatization. (author)

  7. Oil companies push in-situ recovery

    International Nuclear Information System (INIS)

    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.)

  8. 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.

  9. 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.

  10. 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.

  11. The potential for a Russian state oil company: a critical analysis of the Russian oil business

    International Nuclear Information System (INIS)

    After seven years of dramatic decentralization and dynamic privatization of Russia's oil industry from, which transformed the wholly state-run oil distribution system into the mostly privatized quasi-market 'petropreneurship', the pendulum of oil control has started to move back. However, despite the obvious need for a better regulated industry and the rising state-centric tendencies, the liberalization of the Russian oil market seems to have passed the point of no return, and the controversial issue of creating a national oil company (NOC) needs to be addressed not only from the political angle but also with regard to economic possibilities and the present market realities. (author)

  12. PETRÓLEO BRASILEIRO S.A.: AN INTERNATIONALIZED BRAZILIAN STATE COMPANY

    Directory of Open Access Journals (Sweden)

    Armando Dalla Costa

    2013-01-01

    Full Text Available Petrobras is the largest governmental firm in Brazil and has a solid path of internationalization. This paper explores how Petrobras grew in the domestic market and, in the light of the theory of the internationalization of the firm, moved on towards the international market. First, it shows the beginning steps of Petrobras. It then follows Petrobras’ internationalization moves to three geographic areas (America, Eurasia and Africa, all in a context of a global dispute for oil exploration, production and distribution. In the conclusion, it is showed that Petrobras’ main revenues still come from the Brazilian market. Its expansion to international markets, however, has grown in absolute terms and also in sophistication. Petrobras started with a strategy of searching for new sources of oil (inputs and progressed to a new phase, focused on selling final goods and developing technology for exploration in deeper waters.

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

    International Nuclear Information System (INIS)

    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)

  14. 77 FR 32631 - Lion Oil Trading & Transportation, Inc., Magnolia Pipeline Company, and El Dorado Pipeline...

    Science.gov (United States)

    2012-06-01

    ... Energy Regulatory Commission Lion Oil Trading & Transportation, Inc., Magnolia Pipeline Company, and El... 385.202 (2011), Lion Oil Trading & Transportation, Inc., Magnolia Pipeline Company, and El Dorado Pipeline Company, collectively, Lion Companies, requested that the Commission grant a temporary waiver...

  15. The effects of vertical integration on oil company performance

    International Nuclear Information System (INIS)

    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)

  16. Antecedents of work engagement in a multinational oil company

    OpenAIRE

    AL Olivier; Rothmann, S

    2007-01-01

    The objective of this study was to investigate the antecedents of work engagement. Stratified random samples (N=171) were taken of employees in a multinational oil company. The Work Engagement Scale and the Work Experiences Scale were administered. The results confirmed that psychological meaningfulness and psychological availability were significant predictors of work engagement. Psychological meaningfulness displayed the strongest positive relationship with engagement. The relationship of c...

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

    International Nuclear Information System (INIS)

    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.

  18. RESEARCH AND DEVELOPMENT AND STOCK PRICES OF BRAZILIAN COMPANIES: AN EMPIRICAL STUDY

    Directory of Open Access Journals (Sweden)

    Aridelmo José Campanharo Teixeira

    2012-09-01

    Full Text Available The aim of the present study is to identify the relationship between spending on research and development (R&D and the stock price of Brazilian companies listed for trading on the São Paulo Stock Exchange (Bovespa, following on the studies of Lopes (2001;2002 and Rezende (2005 about the value-relevance of accounting information in Brazil. This empirical-analytic study was based on the model of Collins et al. (1997, which is a proxy for the Residual Income Valuation (RIV model of Ohlson (1995, and on the classification of technological intensity in the study of Chan et al. (1990, carried out in the United States. The sample consisted of Brazilian firms with shares traded on the Bovespa between 1996 and 2006. By means of multiple regressions we identified that R&D spending is not statistically significant for the stock prices of the firms analyzed. These conclusions do not corroborate the findings of Chan et al. (1990, but do provide support for the studies of Ohlson (1995 and Lopes (2001; 2002 and complement the study by Rezende (2005, since our results indicate that earnings is statistically significant for stock price, with a positive relationship even after deducting R&D spending accounted for as expense. The situation is different for book value, which ceased being statistically significant and being related with stock price after deducting R&D spending accounted for as investment.

  19. 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.

  20. The experience of western oil companies in Russia

    International Nuclear Information System (INIS)

    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

  1. Study notes separability of oil company profitability, efficiency

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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)

  3. Corporate Attributes, Corporate Governance Quality, and the Value of Public Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Rubens Famá

    2006-06-01

    Full Text Available This paper investigates the influence of corporate governance quality on the market value of 154 Brazilian listed companies in 2002. As a proxy for corporate governance quality, a broad governance index was built. The empirical investigation employed different econometric approaches with increasing level of complexity, including multiple regressions by ordinary last squares, instrumental variables estimators and simultaneous equations systems. Results obtained with all econometric approaches show a positive and significant influence of corporate governance quality on firms market values. The paper also finds evidence of endogeneity of the corporate governance variable, for which different instruments are proposed. Moreover, results obtained with the simultaneous equations approach suggest that there might be a two-way causality link between corporate governance quality and firm valuation.

  4. 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. PMID:22464605

  5. 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. PMID:22316810

  6. Does Canada still need a national oil company

    International Nuclear Information System (INIS)

    This paper reports that Petro-Canada was described by the government at the time of its establishment in 1975 as a most important element in the planning to secure Canada's long-term energy requirements. Through it, Canadians were to obtain their supplies at reasonable prices, and were to participate directly in the wealth resulting from their development. Nine years later, a government dedicated to privatizing the company came to power. It lost no time in instructing the company to behave as if it were in the private sector. More recently, it has put legislation before parliament that would cause the company's shares to be made available to the public. A decision to privatize Petro-Canada does not, however, mean that some of the purposes for which it was set up are still not valid or that there are not other public interests that a Canadian national oil company could serve. Indeed, certain of the energy provisions of the Canada-U.S. Free Trade Agreement may have increased its importance as a potential policy arm. These include limitations on export controls and on the taxation of exports, and an undertaking to extend equality of treatment to US companies

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

    International Nuclear Information System (INIS)

    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

  8. Assessment of and Countermeasures against International Political Risk for Chinese Oil Companies

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Considering the circumstances of Chinese oil companies and the latest development of international politics and world oil situation, this paper analyzes the implication and main factors of international political risk for Chinese oil companies, and presents the principles, mode and scoring method for the assessment of international political risk.Strategies and suggestions to manage international political risk in their overseas business are provided for Chinese oil companies.

  9. STAKEHOLDER INFLUENCE ON ENVIRONMENTAL PROACTIVITY OF BRAZILIAN COMPANIES AVALIAÇÃO DA INFLUÊNCIA DOS STAKEHOLDERS NA PROATIVIDADE AMBIENTAL DE EMPRESAS BRASILEIRAS

    OpenAIRE

    Mônica Cavalcanti Sá de Abreu; Francisco Cesar Castro; José Carlos Lazaro

    2013-01-01

    This paper analyzes stakeholders influences on environmental proactivity of Brazilian companies. Research related to 112 Brazilian companies was undertaking to test the hypothesis that stakeholders pressure has a positive influences on company environmental management activities. Factorial analysis grouped the stakeholders into two categories called “market” and “non-market”. The market category involves those stakeholders which participate directly into the supply chain and includes supplier...

  10. Northern Reef becomes a full cycle oil and gas company

    International Nuclear Information System (INIS)

    Northern Reef Exploration Ltd. of Calgary, Alberta became a full-cycle exploration company in 1994 with the acquisition of property that included over 440,000 net undeveloped acres, ca 94 million bbl of proven oil and gas liquids reserves, and 91.3 billion ft3 of proven gas reserves. Five core properties have been identified for further development in 1994, by the end of which Northern Reef expects to have 6,000 bbl/d of oil and 52 million ft3/d of gas in production. At Luseland, Saskatchewan, the company holds 100% interest in over 83 sections of partially developed lands underlain by gas-bearing sand. In 1994, the company plans to drill 41 test wells, tie in 24 shut-in gas zones, and install a $3.2 million gas plant. The plant will be a very simple design with minimal automation, no separators on feeder wells, and a simple rotary screw compressor. The plant was constructed on a modular basis so that it can be moved elsewhere when needed; ultimate capacity will be 11 million ft3/d. A second plant is planned by the end of 1994. The Horsham property on the Alberta-Saskatchewan border provdes 14% of Northern Reef production, and planned activity includes drilling of 175 wells and recompletion of 56 existing wells. The Atmore/Tweedie property, accounting for 5.8% of total production, will receive attention in 1995. At its original property of Little Bow, Northern Reef drilled two oil wells (one horizontal) and added 190 bbl/d to production. Total 1994 capital expenditures are expected to be $2.2 billion. Total current production is about evenly split between oil and gas, but future production is expected to be two-thirds gas. 8 figs

  11. Brazilian energy

    International Nuclear Information System (INIS)

    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)

  12. IMPLICATIONS OF ECONOMIC CRISES ON THE VALUE RELEVANCE OF ACCOUNTING INFORMATION IN BRAZILIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Fábio Moraes da Costa

    2012-06-01

    Full Text Available This papers investigates the impact of financial crises occurred in Brazil (1997-1999, 2002 and 2007-2008 on the value relevance of book value and earnings. The final sample comprised 1,904 observations from Brazilian listed companies, from 1997 till 2010. It is an empirical study based on panel data regression. To answer the research question, a dummy was applied for each year of negative macroeconomic shocks and how they affected the relation between market prices and accounting variables. Empirical evidence indicates that financial crises affected the value relevance of book value positively and the value relevance of earnings negatively, similarly to other countries like Thailand and Mexico. Therefore, macroeconomic factors should be taken into consideration when analyzing how accounting information captures the underlying characteristics of a firm. Future research could consider companies from other countries in Latin America and evaluate if the effects are similar or not. This is important because macroeconomic policies implemented to mitigate the effects of a crisis could lead to different impacts on the relevance of accounting information.

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

    International Nuclear Information System (INIS)

    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

  14. 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)

  15. Regional Companies of PetroChina Expand Local Oil Products Market Rapidly

    Institute of Scientific and Technical Information of China (English)

    Zhang Kaiyu

    2001-01-01

    @@ Jilin Company Jilin Oil Products Sales Company of PetroChina marketed 1.58 millions of oil products and generated 160 million yuan of profits and taxes in 2000, setting a record high in the company's history.The market occupancy in Jilin Province has risen to 90 percent from the previous 50 percent in the past few years.

  16. Opening the upstream oil industry to private companies : An analysis based on transaction cost economics

    OpenAIRE

    Rossiaud, Sylvain

    2014-01-01

    Oil nationalism cycle reflects the difficulties encountered by oil states, international oil companies (IOCs) and national oil companies (NOCs) in establishing order over and above the conflicts in upstream oil transaction. By drawing on transaction cost theory, this article identifies the coordination problems and contractual hazards resulting from transaction and contributes to a better understanding of the different roles of an NOC in the governance of transaction. An NOC can complement or...

  17. Financial hedging practices and processes as a part of oil refining company's supply chain Case: Neste Oil

    OpenAIRE

    Puumalainen, Saana

    2012-01-01

    Objectives of the Study For oil industry the volatile markets and the complex and global supply chain are one of the main characters. These characters also create a great number of risks for oil companies and especially market risks have gained importance to oil companies’ profitability during the past few decades. To be able to cope with increased market risks oil companies have started to get more involved in risk management and especially hedging. The study aims to explore what are...

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

    Energy Technology Data Exchange (ETDEWEB)

    Cramp, B.

    2001-07-02

    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.

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

    International Nuclear Information System (INIS)

    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)

  20. National and multinational oil companies. Strategy and performance

    International Nuclear Information System (INIS)

    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)

  1. 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)

    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

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

    International Nuclear Information System (INIS)

    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

  3. Chemical Composition and Antioxidant Capacity of Brazilian Passiflora Seed Oils.

    Science.gov (United States)

    de Santana, Fernanda Carvalho; Shinagawa, Fernanda Branco; Araujo, Elias da Silva; Costa, Ana Maria; Mancini-Filho, Jorge

    2015-12-01

    The seed oils of different varieties of 4 Passiflora species cultivated in Brazil were analyzed and compared regarding their physicochemical parameters, fatty acid composition and the presence of minor components, such as phytosterols, tocopherols, total carotenoids, and phenolic compounds. The antioxidant capacities of the oil extracts were determined using the 2,2'azinobis [3-ethylbenzothiazoline-6-sulfonic acid] and oxygen radical absorbance capacity methods. The results revealed that all studied Passiflora seed oils possessed similar physicochemical characteristics, except for color, and predominantly contained polyunsaturated fatty acids with a high percentage of linolenic acid (68.75% to 71.54%). Other than the total phytosterol content, the extracted oil from Passiflora setacea BRS Pérola do Cerrado seeds had higher quantities (% times higher than the average of all samples), of carotenoids (44%), phenolic compounds (282%) and vitamin E (215%, 56%, 398%, and 100% for the α-tocopherol, β-tocopherol, γ-tocopherol, and δ-tocopherol isomers, respectively). The methanolic extracts from Passiflora setacea BRS Pérola do Cerrado seed oil also showed higher antioxidant activity, which was positively correlated with the total phenolic, δ-tocopherol, and vitamin E contents. For the first time, these results indicate that Passiflora species have strong potential regarding the use of their seeds for oil extraction. Due to their interesting composition, the seed oils may be used as a raw material in manufacturing industries in addition to other widely used vegetable oils. PMID:26512548

  4. STRATEGIES FOR INDUSTRY INTERNATIONALIZATION BRAZILIAN PULP AND PAPER THE PERSPECTIVE OF ECLECTIC PARADIGM: A CASE STUDY OF PULP AND PAPER COMPANY SUZANO

    OpenAIRE

    Mayra Batista Bitencourt Fagundes; Carla Christina de Oliveira Viana; Leandro Sauer; Jeovan De Carvalho Figueiredo

    2012-01-01

    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 industr...

  5. 26 CFR 1.954-8 - Foreign base company oil related income.

    Science.gov (United States)

    2010-04-01

    ... (“extraction exception”), or (ii) Oil, gas, or a primary product of oil or gas which is sold by the controlled... daily production (extraction) of foreign crude oil and natural gas by the related group which includes...) (extraction exception under paragraph (a)(1)(i) of this section (75x) (D) Foreign base company oil...

  6. Use of molecular marker techniques in seed testing by Brazilian seed companies

    Directory of Open Access Journals (Sweden)

    Della Vecchia P.T.

    1998-01-01

    Full Text Available Seed market is becoming global and globalization is growing very fast. To compete favourably in this new global seed world, quality and cost are and will be certanly the key issues. High seed quality can only be obtained by a thorough control of the entire seed production process, step by step from planning to final delivery. That requires science, technology, expertise, experience, good management and certanly, the most important, an absolute and unconditional commitment with quality. Seed testing for quality assurance is one important step in the process of production of high quality seed. In the late years a considerable amount of research has been published, particularly on the use of some Polymerase Chain Reaction DNA based new technologies (RAPD, microsatelites, AFLP for genetic purity determinations in seed testing. As far as we know, no Brazilian seed company is using, on regular basis, RAPD or other molecular marker techniques in the determination of genetic purity in seed testing. Most of these are using morphological or physiological traits expressed by seed, seedling or mature plant and/or electrophoresis of seed or seedling proteins/isoenzymes for that purpose. Main reasons for that are: DNA molecular marker techniques are relatively new; lack of specialized personnel to run DNA molecular marker assays on routine basis; higher cost/sample when compared to proteins/isoenzymes electrophoresis.

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

    International Nuclear Information System (INIS)

    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. (author)

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

    International Nuclear Information System (INIS)

    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.

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

    International Nuclear Information System (INIS)

    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

  10. Antecedents of work engagement in a multinational oil company

    Directory of Open Access Journals (Sweden)

    AL Olivier

    2007-03-01

    Full Text Available The objective of this study was to investigate the antecedents of work engagement. Stratified random samples (N=171 were taken of employees in a multinational oil company. The Work Engagement Scale and the Work Experiences Scale were administered. The results confirmed that psychological meaningfulness and psychological availability were significant predictors of work engagement. Psychological meaningfulness displayed the strongest positive relationship with engagement. The relationship of co-worker relations and work role fit with work engagement was mediated by the psychological condition of meaningfulness. Cognitive, emotional and physical resources had the strongest effect on psychological availability. Co-worker relations and co-worker norms predicted psychological safety. The relationship between resources and work engagement was mediated by the psychological condition of availability.

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

    International Nuclear Information System (INIS)

    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

  12. Blessing or curse: Impacts of the Brazilian Pre-Salt oil exploration

    Directory of Open Access Journals (Sweden)

    Aline Souza Magalhães

    2014-09-01

    Full Text Available The discoveries of oil and gas in the so-called “Pre-Salt layer” have triggered a lot of discussions about their economic effect. In this paper we discuss in detail a less discussed dimension: the impact of Pre-Salt layer in the structure of the Brazilian economy, especially the composition of the industry and exports. Similar consequences in the country of “Dutch disease” and “deindustrialization” due to revenues from oil exports are evaluated. The methodology used is a dynamic global general equilibrium model, with specific features for the treatment of the issues raised.

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

    Science.gov (United States)

    Milhomem-Paixão, Susana Suely Rodrigues; Fascineli, Maria Luiza; Roll, Mariana Matos; Longo, João Paulo Figueiró; Azevedo, Ricardo Bentes; Pieczarka, Julio Cesar; Salgado, Hugo Leonardo Crisóstomo; Santos, Alberdan Silva; Grisolia, Cesar Koppe

    2016-05-13

    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. PMID:27192128

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

    Science.gov (United States)

    Milhomem-Paixão, Susana Suely Rodrigues; Fascineli, Maria Luiza; Roll, Mariana Matos; Longo, João Paulo Figueiró; Azevedo, Ricardo Bentes; Pieczarka, Julio Cesar; Salgado, Hugo Leonardo Crisóstomo; Santos, Alberdan Silva; Grisolia, Cesar Koppe

    2016-01-01

    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. PMID:27192128

  16. 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

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

    International Nuclear Information System (INIS)

    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

  18. Oil and gas company policy regarding the concept of sustainable development (water resources)

    Science.gov (United States)

    Matyugina, E. G.; Pogharnitskaya, O. V.; Grinkevich, L. S.; Belozerova, D. S.; Strelnikova, A. B.

    2016-03-01

    The paper considers oil and gas companies implementing the strategy of sustainable development. Being vital to the national economy, oil and gas companies have a significant impact on the environment. Having analyzed the statistical data, the authors state that the leading Russian oil and gas companies contribute to the industry dynamics and conduct eco-friendly production practices. The environmental component is reported to be integrated in production, HR, information and other company policies, which results in “greening” both economic cooperation and place of production. The authors report the inverse relation between production dynamics and significance of the impact on water resources.

  19. 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.

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

    International Nuclear Information System (INIS)

    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

  1. 18 CFR 356.3 - Preservation of records for oil pipeline companies.

    Science.gov (United States)

    2010-04-01

    ..., receiverships, and similar actions which affect the identity or organization of the company Permanently or at... cancellation. (c) Copies of formal orders of regulatory bodies served upon the company 1 year after expiration... reading of oil and other products received into the delivered from company's lines 3 years. (c)...

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

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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

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

    OpenAIRE

    Silva, A. B.; de Silva, T; Franco, E. S.; Rabelo, S.A.; Lima, E.R.; R.A. Mota; C.A.G. da Câmara; 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.

  5. The influence of cognitive and motivational biases in managerial decision making: empirical evidence from a Brazilian construction company

    Directory of Open Access Journals (Sweden)

    Arnaldo Barros Feitosa

    2014-10-01

    Full Text Available The heuristics and the biases affect the decision making process allowing the manager to take high complexity decisions under simplified conditions with the benefit of time saving. Although they are useful, making the information processing more efficient by directing the managers to relevancies and common urgencies to the decision making process, the use of heuristics can lead to induced inconsistencies by biases or lapses of decisions, which persistent and predictable generate patterns of behavior. Against that, the object of this research consists in diagnose possible cognitive and motivational biases, in special, the confidence excess, the optimism and the anchorage, in managers of a great Brazilian construction company. In order to achieve that objective, a structured questionary with selected tools into the literature on decision process was submitted to 120 managers of a big Brazilian construction company, however, only 84 questionaries were obtained, tabled and analyzed. As from the parametric and non-parametric tests, univariate and bivariate, it was found that the managers of the analyzed company: (1 are excessively confidents in their estimates; (2 seem more optimists than other economic agent groups; (3 are totally influenced by bosses in theirs estimates. The results confirm empirical evidences, emanated from the literature on heuristics and cognitive and emotional biases, particularly with concepts of Prospect Theory, and are opposed to the concepts derived from the literature that addresses the rational model of decision making, more specifically, the Expected Utility Theory.

  6. Panorama of PetroChina Jidong Oil Field Company

    Institute of Scientific and Technical Information of China (English)

    XiaoLu

    2003-01-01

    As the old oil fields in East China are currently facing more and more pressure to keep their crude oil production stable in the past few years owing to the high water cut, PetroChina Jidong Oil Field has become a rising star in the country's oil and gas exploration and production sector. Jidong Oil Field

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

    International Nuclear Information System (INIS)

    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)

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

    OpenAIRE

    Locatelli, Catherine

    2006-01-01

    http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V2W-4DTKN77-1&_user=1080505&_handle=V-WA-A-W-WYA-MsSAYWW-UUW-U-AABWVWVUEE-AABUUUVYEE-VAYWEWCZU-WYA-U&_fmt=summary&_coverDate=11%2F17%2F2004&_rdoc=234&_orig=browse&_srch=%23toc%235713%239999%239999 International audience 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 contradi...

  9. 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.

  10. Larvicidal activity of Brazilian plant essential oils against Coenagrionidae larvae.

    Science.gov (United States)

    Silva, D T; Silva, L L; Amaral, L P; Pinheiro, C G; Pires, M M; Schindler, B; Garlet, Q I; Benovit, S C; Baldisserotto, B; Longhi, S J; Kotzian, C B; Heinzmann, B M

    2014-08-01

    Odonate larvae can be serious pests that attack fish larvae, postlarvae, and fingerlings in fish culture tanks, causing significant loss in the supply and production of juveniles. This study reports a screen of the essential oils (EOs) of Nectandra megapotamica (Sprengel) Mez, Nectandra grandiflora Nees, Hesperozygis ringens (Bentham) Epling, Ocimum gratissimum L., Aloysia gratissima (Gillies & Hooker) Troncoso, and Lippia sidoides Chamisso against Coenagrionidae larvae. In addition, the most effective EO and its 50% lethal concentration (LC50) and chemical analysis are described. The larvae of Acanthagrion Selys, Homeoura Kennedy, Ischnura Charpentier, and Oxyagrion Selys were used to assess the EO effects. EO obtained from H. ringens, O. gratissimum, and L. sidoides showed the highest larvicidal effects at 19 h of treatment. The major constituents of the EO of H. ringens include pulegone and limonene, while eugenol and Z-beta-ocimene predominate in the EO of O. gratissimum, and carvacrol and rho-cymene were the major compounds of the EO of L. sidoides. Leaf EOs from H. ringens, O. gratissimum, and L. sidoides showed activity against Coenagrionidae larvae at similar concentrations with LC50s of 62.92, 75.05, and 51.65 microl liter(-1), respectively, and these were considered the most promising treatments. PMID:25195467

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

    International Nuclear Information System (INIS)

    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

  12. Determination of chloride in brazilian crude oils by ion chromatography after extraction induced by emulsion breaking.

    Science.gov (United States)

    Robaina, Nicolle F; Feiteira, Fernanda N; Cassella, Alessandra R; Cassella, Ricardo J

    2016-08-01

    The present paper reports on the development of a novel extraction induced by emulsion breaking (EIEB) method for the determination of chloride in crude oils. The proposed method was based on the formation and breaking of oil-in-water emulsions with the samples and the consequential transference of the highly water-soluble chloride to the aqueous phase during emulsion breaking, which was achieved by centrifugation. The determination of chloride in the extracts was performed by ion chromatography (IC) with conductivity detection. Several parameters (oil phase:aqueous phase ratio, crude oil:mineral oil ratio, shaking time and type and concentration of surfactant) that could affect the performance of the method were evaluated. Total extraction of chloride from samples could be achieved when 1.0g of oil phase (0.5g of sample+0.5g of mineral oil) was emulsified in 5mL of a 2.5% (m/v) solution of Triton X-114. The obtained emulsion was shaken for 60min and broken by centrifugation for 5min at 5000rpm. The separated aqueous phase was collected, filtered and diluted before analysis by IC. Under these conditions, the limit of detection was 0.5μgg(-1) NaCl and the limit of quantification was 1.6μgg(-1) NaCl. We applied the method to the determination of chloride in six Brazilian crude oils and the results did not differ statistically from those obtained by the ASTM D6470 method when the paired Student-t-test, at 95% confidence level, was applied. PMID:27388656

  13. 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.

  14. Entry and operation modes of international oil companies : focus on Statoil ASA

    OpenAIRE

    Skogekker, Marius Haug

    2009-01-01

    This paper examines entry and operation modes of international oil companies on the Norwegian Continental Shelf, in the Gulf of Mexico, in Brazil and in Russia. The theoretical basis is the Integrated Transaction Cost Economics Model, and the focus is on implementation of company resources and capabilities in order to achieve optimal performance. The analysis is based on information of the Norwegian company Statoil ASA. The discussion concern; which organizational form is optimal ...

  15. '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 creatio

  16. '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

  17. New Trends of Multinational Oil Companies for Business Development in China

    Institute of Scientific and Technical Information of China (English)

    Cui Qishan

    2005-01-01

    @@ Based on the promises made by China to World Trade Organization, the nation deregulated its oil products retail market at the end of 2004 and will deregulate the wholesale market after 2006. Such deregulation undoubtedly provides good opportunities for foreign oil companies to enter the Chinese energy market.

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

    International Nuclear Information System (INIS)

    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

  19. INVESTORS SEGMENTATION AND THE TARGETING PROCESS: A STUDY OF THE PERCEPTION OF IVESTING RELATIONS IN BRAZILIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Bruno Cals de Oliveira

    2012-01-01

    Full Text Available The main objective of the present study is to identify how the investor relations professionals of Brazilian listed companies target their investors. The main results indicated that, for the sample studied, the potential for investor segmentation and the targeting process seems to be underused. Most of the studied companies divide their investor base only in national, international and retail investors, with no sub segmentation of organizational characteristics. The perception of investor relations professionals (IRs is that share liquidity and dividends are the mains attributes considered by investors at the time do decide the allocation of their resources. In addition, unlike the evidence of previous studies, the listing segment was considered an irrelevant attribute to investors, and the effective quality of corporate governance, especially the disclosure, is the one which matters for investors do allocate their money. Also, according to the research participants, sustainability was also considered irrelevant by investors, which is also contrary to the evidence of previous studies. The targeting process is done internally or with the help of investments banks during non deal road shows or at subsequent equity offerings. Internally, companies use the database of Securities Commission (CVM, purchase systems or use the ADR system of depositary banks to identify who are the potential investors for the company. The targeting process is divided into three steps: identification of the potential investor, acting with the potential investor and the investor monitoring to verify if the investor purchased shares and entered in the investor base. There is no company that has stated goals or performance indicators for the realization of the targeting process.

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

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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)

  2. 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.; Caio P. Fernandes; Couteiro, Pedro P.; Eiriz, Débora N.; Santos, Marcelo G.; Silva Filho, Moacélio V.; Gutemberg G. Alves; 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...

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

    OpenAIRE

    Silva, A. B.; de Silva, T; Franco, E. S.; Rabelo, S.A.; Lima, E.R.; R.A. Mota; C.A.G. da Câmara; 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.

  4. 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.

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

    International Nuclear Information System (INIS)

    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

  6. Corporate Governance Induces Best Performance and Inhibits Leverage: Brazilian Industry Evidence of Oil & Gas

    Directory of Open Access Journals (Sweden)

    Vládia Geane Moura Silva

    2015-08-01

    Full Text Available Purpose. This study analyzes the oil industry, gas and biofuels in order to identify associations between corporate governance practices with capital structure, risk and performance.Methodology. These data were verified through 3SLS models (Three-Stage Least Squares. For this, we used a data set composed of 19 companies, for a panel data analysis in the period 2005-2009.Findings. The results suggest a negative association between leverage and corporate governance company level, supporting the substitution hypothesis, according to which the leverage works as a governance substitute. Also they did not reject the hypothesis that the greater the governance practices, greater market performances and accounting of these companies, as well as reduces the market risk.Limitations. The main limitation of this research is the sample size, 19 companies, with particular focus on an industry, reducing the generalizability of the results.Originality/Value. This study sought to contribute to the understanding of the relationship between corporate governance, capital structure, performance and risk; specifically for the oil, gas and biofuels in Brazil, an important and understudied emerging market.

  7. Financial trends of leading US oil companies: 1968-1985: Discussion paper No. 017R

    Energy Technology Data Exchange (ETDEWEB)

    Sowell, E.

    1986-10-01

    This study presents a compilation of principal categories of financial data for a sample of leading US based oil companies for the years 1968 through 1985. The categories contained in the compilation are annual financial inflows and outflows, profitability measures and financial position. The period selected exhibits trends prior to and since the Arab oil embargo of 1973/1974. The study is organized into two sections. The first contains a discussion of: (1) the major components of the companies' aggregate primary financial statements; (2) period and subperiod trends of selected items (e.g., revenues, net income, cash flow, capital expenditures); and (3) analytical relationships among financial items, as well as their trends (e.g., various measures of profitability, proportion of cash flow allocated to capital expenditures, liquidity ratios, dividend payout ratios). Because of the interrelationship of the primary financial statements, discussion of some items may be subsumed under more than one content heading; thus, net income is covered not only under that heading, but also in connection with profitability, sources of funds and capital expenditures. Where appropriate, data for the sample of companies under study are compared to oil company aggregates developed by other organizations. Similarly, selected comparisons are made in financial data between oil and non-oil companies. The second section of the paper contains comprehensive tables setting forth the data and ratios on which the discussion is based. The purposes of this paper are: (1) to serve as a financial reference source for the API sample of companies (see Appendix A); (2) to present this material for a meaningful historical period; and (3) to elucidate key aspects of oil company financial performance. 6 figs., 6 tabs.

  8. Organizational Impacts due to ISO 9001 Certified Implementation on Brazilians Cardboard Companies

    OpenAIRE

    Glaucia Aparecida Prates; Jose Claudio Caraschi

    2014-01-01

    This paper presents the evaluation internal and external organizational impacts of a company that has adopted a total quality management system: ISO 9001 certification. Based on a case study, supported in bibliographic references in a cardboard sector company, the survey aims to measure and evaluate the basic concepts of quality and the certification benefits. Upon this study completion it was found that actually getting a certified ISO 9001 brings many organizational impacts and leads to ove...

  9. Variability in Essential Oil Composition of Croton Species With Occurrence in the Eastern Brazilian Amazon

    Directory of Open Access Journals (Sweden)

    Nathalie A. Turiel

    2015-10-01

    Full Text Available The air-dried aerial parts of Croton campestris, C. chaetocalyx, C. eriocladus, and C. glandulosus, with occurrence in the Eastern Brazilian Amazon, yielded essential oils, and their volatile constituents were analyzed by GC and GC-MS. Sesquiterpenes, both hydrocarbons and oxygenated, were the most highly represented classes in the oils: the former ranging from 55.3% to 85.1%, and the latter varying from 7.2% to 33.2%. The oils were separated into two groups using hierarchical cluster analysis whose main constituents were β-caryophyllene, germacrene D, γ-elemene, β-elemene, α-humulene and δ-elemene (Group A, C. campestris and C. eriocladus; and spathulenol, bicyclogermacrene, δ-elemene, germacrene D, β-caryophyllene and δ-cadinene (Group B, C. chaetocalyx and C. glandulosus. Percentage of sesquiterpene hydrocarbons was higher in Group A (83-85% than in Group B (55-63%. However, regarding the oxygenated sesquiterpenes, it was reversed, being bigger in Group B (28-33% than in Group A (7-8%. Percentage of similarity in Group A was 92% and in Group B it was 86%. These chemotaxonomic results showed a significant contribution for the better botanical knowledge of these four Croton species occurring in North Brazil.

  10. 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...

  11. Oil Companies and Reserves | Compagnies et réserves pétrolières

    OpenAIRE

    2012-01-01

    Top 20 World Oil Corporations Top 20 des compagnies pétrolières mondiales Sources: 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, 2009) Exportations de pétrole brut par région (en millions de tonnes, 2009) Sources : www.iea.org; www.opec.org; www.gecforum.org; British Petroleum, BP Statistical Review of World Energy, 2010. China’s Crude Oil Imports ...

  12. 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.

  13. An Alternative Model of Risk in Non-financial Companies Applied to the Brazilian Pulp and Paper Industry

    Directory of Open Access Journals (Sweden)

    Paulo Hubert Jr.

    2009-06-01

    Full Text Available Earnings at Risk (EaR is a financial risk measure that can be applied to non-financial companies, similarly to Cash Flow at Risk (CFaR. It is based on a relation that can be quantified using a multiple linear regression model, where the dependent variable is the change on the company's results and the independent variables are changes in distinct risk factors. The presence of correlation between explanatory factors (multicollinearity in this kind of model may cause problems when calculating EaR and CFaR. In this paper, we indicate some possible consequences of these problems when calculating EaR, and propose a method to solve it based on Principal Component Analysis technique. To test the model, we choose the Brazilian agriculture-business industry, more specifically the paper and pulp sectors. We will show that, on the absence of significant correlation between variables, the proposed model has equivalent performance to usual multiple linear regression models. We find evidence that when correlation appears, the model here proposed yields more accurate and reliable forecasts.

  14. 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.

  15. Enhancing quality management in a Finnish oil refining and marketing company

    OpenAIRE

    Vilppola, K. (Katri)

    2014-01-01

    Quality management (QM) is considered more and more to be an essential business approach to organisational improvements. Today, quality is seen as a beneficial aspect to invest in because it has proven to for example enhance the company revenue, increase productivity, reduce cost of quality and improve business performance. Nevertheless, many companies in addition to Neste Oil are struggling with questions such as “What is the best governance and management structure for quality to maximize t...

  16. 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.

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

    International Nuclear Information System (INIS)

    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)

  18. An analysis of the extent to which companies in the oil industry are environmentally responsible

    OpenAIRE

    Wheelhouse, Luke James

    2009-01-01

    Behind pessimistic expectations regarding the future of an international climate treaty, substantial changes can be observed in company positions. Multinationals in the oil industry are increasingly moving towards support for the Kyoto Protocol, and have taken measures to address climate change. This piece of research analyses developments in the oil industry over the past few years, observing considerable shifts in corporate climate strategies. It compares British Petroleum, Royal Dutch ...

  19. 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.

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

    International Nuclear Information System (INIS)

    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

  1. 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)

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

    International Nuclear Information System (INIS)

    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)

  3. Brand reposition impact in the internationalization of Brazilian footwear companies: the Havaianas case

    OpenAIRE

    Sousa, Maria João; Silva, Susana Costa e; Filho, Fernando Freyre

    2010-01-01

    New markets, needs, desires and opportunities seem to appear every day on the global stage. This also means an increase in the number of competitors, technological innovations and new purchase alternatives for the consumer. The conquest of these buyers’ preferences therefore becomes the purpose of many companies, to whom brand starts to be seen as an intangible asset – fundamental in attracting the attention of several interest groups; creating an emotional bond with the customer. The e...

  4. 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)

  5. 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

  6. STUDY OF THE INTERNATIONALIZATION PROCESS OF A BRAZILIAN COMPANY IN THE AGRICULTURAL MACHINERY AND IMPLEMENTS SECTOR

    Directory of Open Access Journals (Sweden)

    Rozali Araújo Santos

    2012-10-01

    Full Text Available The agribusiness industry and agricultural machinery as well as the internationalization of companies are subjects of growing interest. Thus, a case study of a company in the sector of machinery and implements allowed the analysis of the movements of internationalization under the aspects of strategy, entry mode and challenges of internationalization. The study of the theories and the case study allowed a visualization of their application in practice. The literature review explored the themes internationalization, internationalization strategies, entry modes and challenges of internationalization. The data, qualitative and descriptive, were obtained from semi-structured interviews with the export manager and supplemented by secondary data published on the company’s website. The content analyzes of the data showed that the company is in a primary level of internationalization. However, it also presents strategic orientation toward an internationalization process. The development of this paper can serve as a discussion for further development of internationalization theories and also as a reference in the agribusiness industry to understand this process.

  7. Reserves and Valuation using Multiples for Oil and Gas Companies

    Directory of Open Access Journals (Sweden)

    Eduardo Pontual Ribeiro

    2011-12-01

    Full Text Available The aim of the article is to evaluate the effect of oil and gas reserve increases on firm market value. The estimates are based on Olson’s market value prediction model – that nests the multiples P/E (price-earnings, P/B (price-book value and in the oil industry, the P/R (price-reserves ratio. Reserves are an important characteristic of these firms, but they are not part of equity under usual accounting practices. Using data from firms listed on NYMEX, the results suggest that reserves are positively correlated with firm equity market price. Yet, reserve increases without profit or equity expansions will be penalized by the market, if the reserve increases do not boost profits or the book value of the firm. The evaluation using price multiples appears inefficient, as earnings (or equity and price proportionality is rejected in our empirical model.

  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. 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.

  10. 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.

  11. 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.

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

    OpenAIRE

    Nekhoda, Evgeniya Vladimirovna; Kolbysheva, Yuliya Vladimirovna; Makoveeva, V.

    2015-01-01

    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.

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

    International Nuclear Information System (INIS)

    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.

  14. Revelation of Multinational Acquisition Theory for Chinese Oil Companies' Overseas Investment

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    This paper introduces multinational acquisition theory and explains its importance in the context of Chinese petroleum industry and overseas acquisition activities of three major oil companies, CNPC, SINOPEC and CNOOC.Strategic options for their overseas investment are recommended and further assessed in terms of geopolitics.

  15. Fuzzy Comprehensive Assessment of Transnational Operation Environment for Chinese Oil Companies

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    A comprehensive method was developed to assess the transnational operation environment in host countries for Chinese oil companies. This method includes an assessment criterion system of the environment, which is to be scored by the experts. Analytical Hierarchy Process (AHP) and fuzzy mathematical methods were used to make evaluation and get the assessment result and ranking of three host countries.

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

    OpenAIRE

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

    2010-01-01

    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 safet...

  17. Organizational Images in Brazilian Companies: detection and analysis with data mining

    Directory of Open Access Journals (Sweden)

    Eliana Rocío Rocha Blanco

    2013-12-01

    Full Text Available The organizational images allow visualizing the business context in which organizations are embedded, and define behavioral models that respond to their organizational culture. This work begins with the approach of Morgan (1986 and uses 35 questions to identify metaphors in a sample of companies in the state of Rio Grande do Sul. Quantitative analysis was performed by data mining techniques. The techniques identified images that are present in the sample. Analyzes are importance for the management of culture and business behavior, due to the identification of images may achieve organizational objectives.

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

    International Nuclear Information System (INIS)

    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)

  19. 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)

  20. 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.

  1. 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.

  2. Flags of convenience: oil company fleet operating method

    Energy Technology Data Exchange (ETDEWEB)

    1980-02-01

    About 81% of international ocean-going tanker tonnage is concentrated under the flags of Liberia (about one-third of world tonnage), Japan, UK, Norway, Greece, France, US, Italy, Panama, and Spain, despite the fact that there are now more than 70 countries with tankers in their registries. Approximately 30% of world merchant ships fly flags of convenience, and approximately 35% of world tanker tonnage operates in those registries, or approximately 130 million dwt out of a total of 370 million dwt. Oil tankers are the major users of flags of convenience, with approximately 60% of total oil tonnage in these registries, including 114 million dwt out of Liberia's total 154 million dwt. Liberian tanker tonnage is three times larger than that of Japan, its nearest competitor, and approximately 35% of its fleet in 1979 were in the 0-5 y age group compared with 32% for the world fleet. According to the United Nations Conference on Trade and Development, ownership of the world tonnage flying flags of convenience is approximately 32% by the US, which is also the largest user, approximately 21% by Greece, approximately 17% by Hong Kong, approximately 9% by Japan, and 16% by 12 other countries.

  3. Survey the counterproductive behavior with excitement adjustment and personality traits (Case study: National Oil Company of South Oil)

    OpenAIRE

    SHAHBAZİ, Sahar; FEİZİ, Mohammad

    2015-01-01

    Abstract. The present study is to survey the role of excitement cognitive adjustment and identification categories on emerging the counterproductive behavior. For this purpose, 306 samples of engineering management employees and the drilling national company building of Iran South Oil areas were selected using random sampling in order to exploit Corcoran formula. Used data by 3 questionnaires of Bent and Robison's (2003) counterproductive behavior, Persian questionnaire BFI (Oliver and Gohen,...

  4. Composition and antifungal activity of the essential oil of the Brazilian Chenopodium ambrosioides L.

    Science.gov (United States)

    Jardim, Carolina Marangon; Jham, Gulab Newandram; Dhingra, Onkar Dev; Freire, Marcelo Moreira

    2008-09-01

    The antifungal activity of essential oil (EO) from the Brazilian epazote (Chenopodium ambrosioides L.) was evaluated by the poison food assay at concentrations of 0.3%, 0.1%, and 0.05% with eight postharvest deteriorating fungi (Aspergillus flavus, Aspergillus glaucus, Aspergillus niger, Aspergillus ochraceous, Colletotrichum gloesporioides, Colletotrichum musae, Fusarium oxysporum, and Fusarium semitectum). EO components were tentatively identified by Kováts retention indices (RIs) using gas chromatography and gas chromatography combined with mass spectrometry (GC-MS). Growth of all fungi was completely inhibited at 0.3% concentration, and by 90% to 100% at 0.1% concentration. The following 13 tentatively identified compounds (relative percent) accounted for 90.4% of the total volatile oil: alpha-terpinene (0.9), p-cymene (2.0), benzyl alcohol (0.3), p-cresol (0.3), p-mentha-1,3,8-triene (0.2), p-cimen-8-ol (0.6), alpha-terpineol (0.5), (Z)-ascaridole (61.4), piperitone (0.9), carvacrol (3.9), (E)-ascaridole (18.6), (E)-piperitol acetate (0.5), and (Z)-carvyl acetate (0.3). Autobiographic thin layer chromatography of the EO to separate the principal fungitoxic fraction yielded only one fraction that completely inhibited the growth of all test fungi at a concentration of 0.1%. This fraction was characterized by RIs and GC-MS presenting a composition (%) of p-cymene (25.4), (Z)-ascaridole (44.4), and (E)-ascaridole (30.2). The results suggest ascaridoles were the principal fungitoxic components of the EO. PMID:18679750

  5. 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

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

    International Nuclear Information System (INIS)

    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

  7. 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.

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

    OpenAIRE

    Dr. Faris Hammoodi Al-Ani

    2012-01-01

    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 tha...

  9. Brazilian device for lapidating large diameter non-lubricated metal seated plug valves for the gas and oil segment

    Energy Technology Data Exchange (ETDEWEB)

    Leite da Silva, Osmar Jose [PETROBRAS, Rio de Janeiro, RJ (Brazil)

    2009-07-01

    This work is related to a PETROBRAS patent, which defines an alternative technology for maintenance of valves, which are frequently used in the Oil and Gas segment. Until the development of this device, there were no reliable alternatives for the maintenance available at the Brazilian market, thus these valves had to be sent abroad to be repaired. Normally, the maintenance becomes impracticable, due to the high cost and long periods required to accomplish the whole process (send/repair/return). These drawbacks were a decisive impulse to the development of research process, which resulted in the equipment presented here. The Brazilian device for lapidating large diameter metal seated plug valves, that ensures the tightness reliability of these equipment, is being successfully used at PETROBRAS refineries. (author)

  10. 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.

  11. 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.

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

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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

  14. Offshore Outsourcing Practices of United Kingdom Engineering Services Companies : Focused on Oil and Gas Sector

    OpenAIRE

    Ahsan, Kamran

    2010-01-01

    This investigate an important options of cost reductions, offshore outsourcing is found interesting, these days phenomenon of economic downturn, decreasing oil prices and credit crunch cause intense competition so this study is an attempt to understand factors that what are the driving forces for offshore outsourcing in engineering services industry. This project studies the factors of offshore outsourcing practices of engineering services companies in the UK. The scope of study limited to in...

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

    International Nuclear Information System (INIS)

    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

  16. 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

  17. 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)

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

    International Nuclear Information System (INIS)

    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)

  19. 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. PMID:19423309

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

    Science.gov (United States)

    Dias, Clarice Noleto; Alves, Luciana Patrícia Lima; Rodrigues, Klinger Antonio da Franca; Brito, Maria Cristiane Aranha; Rosa, Carliane dos Santos; do Amaral, Flavia Maria Mendonça; Monteiro, Odair dos Santos; Andrade, Eloisa Helena de Aguiar; Maia, José Guilherme Soares; Moraes, Denise Fernandes Coutinho

    2015-01-01

    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. PMID:25949264

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

    Science.gov (United States)

    Dias, Clarice Noleto; Alves, Luciana Patrícia Lima; Rodrigues, Klinger Antonio da Franca; Brito, Maria Cristiane Aranha; Rosa, Carliane Dos Santos; do Amaral, Flavia Maria Mendonça; Monteiro, Odair Dos Santos; Andrade, Eloisa Helena de Aguiar; Maia, José Guilherme Soares; Moraes, Denise Fernandes Coutinho

    2015-01-01

    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. PMID:25949264

  2. 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.

  3. 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…

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

    International Nuclear Information System (INIS)

    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

  5. 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.

  6. The Visible Hand: National Oil Companies, Oil Supply and the Ermergence of the Hotelling Rent

    OpenAIRE

    Ludwig, Markus

    2012-01-01

    Using firm-level panel data, this paper exposes differences  in the dynamic oil produc- tion regime between private and state-owned firms. I find that state-owned firms reduce the oil supply, ceteris paribus, by 3.5 percent each year, but private firms hold output constant. Furthermore, state-owned firms have not followed  such stringent policy before 1997. My ex- tension of the Hotelling-model attributes the behavior of state-owned firms to a scarcity  rent, whereas private firms produce at ...

  7. Communication and Knowledge Sharing in an Online Community: A Case Study of a Global Oil Service Company

    OpenAIRE

    Helsing, Ida

    2015-01-01

    Abstract In this thesis, I have explored how an online community fosters communication and knowledge sharing in a global company. Based on empirical findings in this study, combined with theoretical aspects and previous research, I aimed to do research in one online community in a global oil service company. I was curious about how an online community, such as The Edge, can foster communication and knowledge sharing among the employees in the Company. My research questions aimed to explore wh...

  8. 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)

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

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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)

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

    International Nuclear Information System (INIS)

    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)

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

    International Nuclear Information System (INIS)

    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)

  13. 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)

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

    International Nuclear Information System (INIS)

    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 m3 of oil and natural gas liquids, 5.6 million m3/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

  15. Comparison of capital structure and financial performance of Brazilian, Argentinean and Chilean companies O comportamento da estrutura de capital e a performance de firmas brasileiras, argentinas e chilenas

    Directory of Open Access Journals (Sweden)

    Rosilene Marcon

    2007-06-01

    Full Text Available Capital structure and financial performance of Brazilian, Argentinean and Chilean companies were compared to identify differences using a multiple cross section study made of 1996 to 2005. Samples were taken from the Economatica® for examination of the variables of debt over PL (ENDV, operational profitability over total assets (ROAOP and profitability over PL (ROE. Variance analysis was used to detect significant differences between companies in these countries and the Scheffé test identified countries differing from the averages. Significant differences were found in average ENDV and ROAOP in five of the ten years and in ROE for seven years of these ten years. Brazilian companies, in general, differed from the Chilean and Argentinean ones; however, no significant differences were noted between the Argentinean and Chilean companies. Descriptive analysis showed that Brazilian companies had a higher ENDV for all the years, lower ROAOP during the first four years and a lower ROE for the period studied.Este trabalho tem como objetivo verificar se a estrutura de capital e o desempenho financeiro diferem entre as empresas brasileiras, argentinas e chilenas. O estudo consiste em um cross section múltiplo que compreendeu o período de 1996 a 2005. A amostra foi extraída do Economática®, tendo como variáveis o endividamento sobre o PL (ENDV, a rentabilidade operacional sobre o ativo total (ROAOP e a rentabilidade sobre o PL (ROE. A fim de apurar se havia diferenças significativas entre as firmas dos três países, utilizou-se a Análise da Variância, e, para identificar em quais países diferem tais médias, utilizou-se o teste Scheffé. Os resultados apontaram diferenças significativas nas médias do ENDV e da ROAOP em cinco dos dez anos pesquisados, e na ROE houve diferenças significativas em sete dos dez anos analisados. Em geral, as empresas brasileiras diferem das chilenas e argentinas; no entanto, os resultados não apontaram diferen

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

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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

  18. Motivations, Risks, Barriers, and Results Associated with the Adoption of Global Sourcing by Brazilian Companies: a Case-Based Study

    OpenAIRE

    Moema Pereira Nunes

    2016-01-01

    This article aims to identi fy the motivations behind g lobal s ourcing (GS) adoption , the associated risks and barriers , and the results that companies from emerging countries are achieving . The research explores the distinguishing features of these companies ' experience and examines established theories about GS that are based on companies from developed countries. In the article, a case - based study investigat ed four companies from t...

  19. 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

  20. 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.

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

    OpenAIRE

    Susana Suely Rodrigues Milhomem-Paixão; Maria Luiza Fascineli; Mariana Matos Roll; João Paulo Figueiró Longo; Ricardo Bentes Azevedo; Julio Cesar Pieczarka; Hugo Leonardo Crisóstomo Salgado; Alberdan Silva Santos; Cesar Koppe Grisolia

    2016-01-01

    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 as...

  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. Organizational Culture and Stages of Internationalization: a Study in FourCompanies in the Brazilian Electrical-Metal-Mechanical Segment

    OpenAIRE

    Lígia Maria Heinzmann; Denise Del Prá Netto Machado

    2014-01-01

    The study aimed to identify values and cultural dimensions of companies at different stages of internationalization according to the Uppsala model. We developed a construct to identify the values of organizational culture through the Organizational Culture Profile (OCP) mapping model. The study is descriptive. To classify the internationalization stage we conducted structured interviews. Referring to the internationalization stages the Alpha company is in Stage 1, the Beta company in Stage 2,...

  4. 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)

    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

  5. 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. PMID:20690790

  6. Opportunities for marine engineering companies in the oil and gas offshore sector

    Energy Technology Data Exchange (ETDEWEB)

    Avis, J. [Kvaerner Masa Marine, Vancouver, BC (Canada)

    2002-07-01

    British Columbia is reviewing the existing moratorium on offshore oil and gas development and has commissioned the report BC Offshore Oil and Gas Technology Update. The report suggests that there are no specific design, geohazard or environmental issues that would preclude the development of offshore oil and gas in British Columbia, but there are many regulatory and socio-political barriers that need to be addressed. This paper addresses issues related to marine engineering, such as how can engineering companies get involved. Some of the potential areas of involvement for engineers is in the development phase, development of the process for regulatory reviews, and establishment of agreements with First Nations. Marine engineering will also be necessary for 4 phases, exploration, development, production and decommissioning. The exploration phase will involve initial seismic surveys, and licensing round. The development phase will involve more concentrated geological surveys, interpretation, initial well drilling and well planning, plus environmental assessments. The production phase will provide opportunity for marine operations in terms of equipment maintenance, repair and upgrade. The decommissioning phase is of short duration and will require expertise in the areas of decommissioning and removal of facilities. 6 figs.

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

    International Nuclear Information System (INIS)

    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)

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

    OpenAIRE

    Claudimar Pereira Da Veiga; Cássia Rita Pereira Da Veiga; Anderson Catapan; Ubiratã Tortato; Wesley Vieira Da Silva

    2013-01-01

    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 qu...

  9. Poly(ethylene-co-vinyl acetate) (EVA) as wax inhibitor of a Brazilian crude oil. Oil viscosity, pour point and phase behavior of organic solutions

    Energy Technology Data Exchange (ETDEWEB)

    Machado, Andre L.C.; Lucas, Elizabete F. [Labratorio de Macromoleculas e Coloides na Industria de Petroleo/Instituto de Macromoleculas, Universidade Federal do Rio de Janeiro, P.O. Box 68525, 21945-970 Rio de Janeiro (Brazil); Gonzalez, Gaspar [Petrobras Research Center, Cidade Universitaria, Q.7, RJ 21949-900 Rio de Janeiro (Brazil)

    2001-12-29

    Several techniques have been used to minimize the problems caused by the wax deposition, and the continuous addition of polymeric inhibitors is considered an attractive technological alternative. The addition of copolymers like polyacrylates, polymethacrylates or poly(ethylene-co-vinyl acetate) (EVA) permit to inhibit the deposition phenomenon; nonetheless, this effect is specific, i.e. similar copolymers present different performance depending on their physical-chemical properties in solution. In this work, the influence of the EVA vinyl acetate content on the viscosity and the pour point of a Brazilian crude oil were evaluated. A correlation between both results was also obtained. The phase behavior and the solubility parameter of EVA copolymers, with different vinyl acetate contents, were investigated in various solvents together with an evaluation of the efficiency of these copolymers as pour point depressants for two different samples of crude oil. EVA copolymers containing 20, 30, 40 and 80 wt.% of vinyl acetate were used and tests with the crude oil were carried out using 50, 500, 1000 and 5000 ppm of EVA as additive. The results obtained from viscosity measurements showed that only below the temperature at which wax crystals start forming did the copolymer exhibit a strong influence in the reduction of oil viscosity, at an optimum concentration. The pour point results revealed EVA 30 to be the most efficient. The results obtained from both experiments showed that the viscosity and the pour point behaviors do not show good correlation. Not only the solubility parameter and the vinyl acetate content, but also the molecular weight and polydispersity have an important influence on both phase behavior and pour point depression. Furthermore, it was confirmed that the additive must present a reduced solubility at a temperature close to the crude oil cloud point. This, however, is not the only factor that determines the efficiency of the additive as paraffin

  10. 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.

  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. Models for Internationalisation of After-Sales and Support Function of Engineering Derived Company in the Oil Service Market

    OpenAIRE

    Sørhage, Arne

    2011-01-01

    During the last couple of decades the "oil service" industry, which evolved around the North Atlantic oil & gas exploration and production market, has to an increasing extent cast its eyes on new and often emerging markets. This as their domestic market has started to mature. This shift in focus has brought a whole lot of internationalisation challenges on the table related to design and deployment of business models that best suit the objectives of the companies within targeted markets.T...

  13. Antimicrobial activity of Brazilian copaiba oils obtained from different species of the Copaifera genus

    OpenAIRE

    Adriana Oliveira dos Santos; Tânia Ueda-Nakamura; Benedito Prado Dias Filho; Valdir F. Veiga Junior; Angelo C. Pinto; Celso Vataru Nakamura

    2008-01-01

    The antimicrobial activity of copaiba oils was tested against Gram-positive and Gram-negative bacteria, yeast, and dermatophytes. Oils obtained from Copaifera martii, Copaifera officinalis, and Copaifera reticulata (collected in the state of Acre) were active against Gram-positive species (Staphylococcus aureus, methicillin-resistant S. aureus, Staphylococcus epidermidis, Bacillus subtilis, and Enterococcus faecalis) with minimum inhibitory concentrations ranging from 31.3-62.5 µg/ml. The oil...

  14. Motivations, Risks, Barriers, and Results Associated with the Adoption of Global Sourcing by Brazilian Companies: a Case-Based Study

    Directory of Open Access Journals (Sweden)

    Moema Pereira Nunes

    2016-01-01

    Full Text Available This article aims to identi fy the motivations behind g lobal s ourcing (GS adoption , the associated risks and barriers , and the results that companies from emerging countries are achieving . The research explores the distinguishing features of these companies ' experience and examines established theories about GS that are based on companies from developed countries. In the article, a case - based study investigat ed four companies from the electrical and electronics industry in South Brazil. Data w ere collected through in - dep th interviews , documents , and direct observation. According to the research, t he main motivations for adopting GS are faster access to new technologies and establish ing a presence in global markets. It was also found that the opportunity to offer diversified products u sing the distribution channels already developed by companies motivate s GS adoption , a situation that prior literature has not identified . Despite the risks, t he absence of a broad local supply - base prompts companies to adopt GS. Further, the failure to fo rmalize barrier analysis processes creates difficulties f or companies . Th e main results associated with GS relate to innovation and reductions in the time taken to develop product s and reach market s . In this regard, c ompanies face a challenge to develop th e abilities required to compete for the advantages that t he global market can offer.

  15. 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.

  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)

    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. Wild Brazilian Mustard (Brassica Juncea L.) Seed Oil Methyl Esters as Biodiesel Fuel

    Science.gov (United States)

    Wild mustard (Brassica juncea L.) oil is evaluated for the first time as a potential feedstock for biodiesel production. Biodiesel was obtained in 94 wt % yield by a standard transesterification procedure with methanol and 0.50 wt % sodium methoxide catalyst at 60 deg C and an alcohol to oil molar...

  18. Action of essential oils from Brazilian native and exotic medicinal species on oral biofilms

    OpenAIRE

    Bersan, Salete MF; Galvão, Livia CC; Goes, Vivian FF; Sartoratto, Adilson; Figueira, Glyn M; Rehder, Vera LG; Severino M. Alencar; Duarte, Renata MT; Rosalen, Pedro L.; Duarte, Marta CT

    2014-01-01

    Background Essential oils (EO) obtained from twenty medicinal and aromatic plants were evaluated for their antimicrobial activity against the oral pathogens Candida albicans, Fusobacterium nucleatum, Porphyromonas gingivalis, Streptococcus sanguis and Streptococcus mitis. Methods The antimicrobial activity of the EO was evaluates by microdilution method determining Minimal Inhibitory Concentration. Chemical analysis of the oils compounds was performed by Gas chromatography–mass spectrometry (...

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

    International Nuclear Information System (INIS)

    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

  20. The Effects of Customer Relationship Marketing Practices on Customer Satisfaction among the Customers of Ghana Oil Company Limited.

    OpenAIRE

    Avogbedoh, Sowu; Asamoah, Freda Owusu

    2011-01-01

    The Ghanaian economy has recently received massive growth for various reasons. However, much of the growth is attributed to the recent discovery of crude oil in commercial quantities. This phenomenon has led to the springing up of many Oil Marketing Companies (OMC’S) which of latest count has 84 OMC’S and counting. This number of OMC’s has led to the adoption of various Customer Relationship Marketing (CRM) activities and practices to outwit other competitors in the industry. Ghana Oil Compan...

  1. The LCA limits. A study of the sustainability of a biodiesel produced from brazilian palm oil

    OpenAIRE

    Bicalho, Tereza

    2013-01-01

    Life cycle analysis (LCA), as it is currently applied, can lead to biased results. The use of LCA information is particularly sensitive when taken in the context of government regulatory frameworks. Indeed, instead of encouraging companies to reduce their impact on the environment, certifications obtained through LCA studies may produce the opposite effect: as they tend to reward industry averages rather than enterprise-specific results they can destroy all incentive for companies to reduce t...

  2. 75 FR 38093 - ConocoPhillips Alaska Natural Gas Corporation and Marathon Oil Company; Application for Blanket...

    Science.gov (United States)

    2010-07-01

    ... will not jeopardize service to the local markets into which this natural gas might otherwise be sold... critical back-up natural gas supply service for the local market in times of peak needs on the coldest days...Phillips Alaska Natural Gas Corporation and Marathon Oil Company; Application for Blanket Authorization...

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

    International Nuclear Information System (INIS)

    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

  4. 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.

  5. 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

  6. Optimization of Oil Production - Applied to the Marlim Field

    OpenAIRE

    Langvik, Andrea Sundby; Dzubur, Lamija

    2012-01-01

    This thesis considers short-term petroleum production planning at the Marlim field operated by the Brazilian energy company, Petrobras. The production asset to be optimized is an Floating Production and Storage Operating unit, including several oil producing wells and gas lift technology. Current practice for oil companies is to optimize the different parts of a production system separately. To avoid sub-optimal decisions, there is a need for integrated optimization models that consider all...

  7. Antimicrobial activity of Brazilian copaiba oils obtained from different species of the Copaifera genus.

    Science.gov (United States)

    Santos, Adriana Oliveira Dos; Ueda-Nakamura, Tânia; Dias Filho, Benedito Prado; Veiga Junior, Valdir F; Pinto, Angelo C; Nakamura, Celso Vataru

    2008-05-01

    The antimicrobial activity of copaiba oils was tested against Gram-positive and Gram-negative bacteria, yeast, and dermatophytes. Oils obtained from Copaifera martii, Copaifera officinalis, and Copaifera reticulata (collected in the state of Acre) were active against Gram-positive species (Staphylococcus aureus, methicillin-resistant S. aureus, Staphylococcus epidermidis, Bacillus subtilis, and Enterococcus faecalis) with minimum inhibitory concentrations ranging from 31.3-62.5 microg/ml. The oils showed bactericidal activity, decreasing the viability of these Gram-positive bacteria within 3 h. Moderate activity was observed against dermatophyte fungi (Trichophyton rubrum and Microsporum canis). The oils showed no activity against Gram-negative bacteria and yeast. Scannning electron microscopy of S. aureus treated with resin oil from C. martii revealed lysis of the bacteria, causing cellular agglomerates. Transmission electron microscopy revealed disruption and damage to the cell wall, resulting in the release of cytoplasmic compounds, alterations in morphology, and a decrease in cell volume, indicating that copaiba oil may affect the cell wall. PMID:18545856

  8. Antimicrobial activity of Brazilian copaiba oils obtained from different species of the Copaifera genus

    Directory of Open Access Journals (Sweden)

    Adriana Oliveira dos Santos

    2008-05-01

    Full Text Available The antimicrobial activity of copaiba oils was tested against Gram-positive and Gram-negative bacteria, yeast, and dermatophytes. Oils obtained from Copaifera martii, Copaifera officinalis, and Copaifera reticulata (collected in the state of Acre were active against Gram-positive species (Staphylococcus aureus, methicillin-resistant S. aureus, Staphylococcus epidermidis, Bacillus subtilis, and Enterococcus faecalis with minimum inhibitory concentrations ranging from 31.3-62.5 µg/ml. The oils showed bactericidal activity, decreasing the viability of these Gram-positive bacteria within 3 h. Moderate activity was observed against dermatophyte fungi (Trichophyton rubrum and Microsporum canis. The oils showed no activity against Gram-negative bacteria and yeast. Scannning electron microscopy of S. aureus treated with resin oil from C. martii revealed lysis of the bacteria, causing cellular agglomerates. Transmission electron microscopy revealed disruption and damage to the cell wall, resulting in the release of cytoplasmic compounds, alterations in morphology, and a decrease in cell volume, indicating that copaiba oil may affect the cell wall.

  9. In vitro susceptibility of Brazilian Pythium insidiosum isolates to essential oils of some Lamiaceae family species.

    Science.gov (United States)

    Fonseca, A O S; Pereira, D I B; Jacob, R G; Maia Filho, F S; Oliveira, D H; Maroneze, B P; Valente, J S S; Osório, L G; Botton, S A; Meireles, M C A

    2015-04-01

    The present study aimed to evaluate the in vitro antimicrobial action of Origanum vulgare, Origanum majorana, Mentha piperita and Rosmarinus officinalis on Pythium insidiosum oomycete zoospores. The antimicrobial activity evaluation was performed by the broth microdilution method according to CSLI M38-A2 documentation adapted to phytopharmaceuticals. Twenty-two P. insidiosum isolates were evaluated, and the minimum inhibitory concentration was determined at 100% growth inhibition. All P. insidiosum isolates evaluated showed a minimum inhibitory concentration ranging from 0.05 to 1.75 mg/mL when O. vulgare oil was used and from 0.11 to 3.5 mg/mL for O. majorana, M. piperita and R. officinalis oils. The results obtained indicate that the essential oils tested showed antimicrobial activity on P. insidiosum, with O. vulgare essential oil showing the best performance. These findings emphasize the potential use of plant essential oils as control agents in P. insidiosum infections; further research, however, is needed so as the in vivo activity of these oils can also be evaluated. PMID:25431090

  10. An Alternative Model of Risk in Non-financial Companies Applied to the Brazilian Pulp and Paper Industry

    OpenAIRE

    Paulo Hubert Jr.; Cristiane Karcher; Hsia Hua Sheng

    2009-01-01

    Earnings at Risk (EaR) is a financial risk measure that can be applied to non-financial companies, similarly to Cash Flow at Risk (CFaR). It is based on a relation that can be quantified using a multiple linear regression model, where the dependent variable is the change on the company's results and the independent variables are changes in distinct risk factors. The presence of correlation between explanatory factors (multicollinearity) in this kind of model may cause problems when calculatin...

  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)

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2009-06-15

    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)

  13. Efficacy of 11 Brazilian essential oils on lethality of the cattle tick Rhipicephalus (Boophilus) microplus.

    Science.gov (United States)

    Chagas, Ana Carolina de Souza; Oliveira, Márcia Cristina de Sena; Giglioti, Rodrigo; Santana, Raul Costa Mascarenhas; Bizzo, Humberto Ribeiro; Gama, Paola Ervatti; Chaves, Francisco Celio Maia

    2016-04-01

    Herbal extracts have been investigated as an alternative for parasite control, aiming to slow the development of resistance and to obtain low-cost biodegradable parasiticides. The goal of this study was to evaluate the efficacy, in vitro, of 11 essential oils from Brazil on reproductive efficiency and lethality of the cattle tick Rhipicephalus (Boophilus) microplus. The effects of oils extracted from Curcuma longa, Zingiber officinale, Lippia alba, Lippia gracilis, Lippia origanoides, Lippia sidoides, Mentha arvensis, Mentha piperita, Croton cajucara (white and red), and Croton sacaquinha on ticks were investigated by the Immersion Test with Engorged Females (ITEF) and the modified Larval Packet Test (LPT). Distilled water and 2% Tween 80 were used as control treatments. Chemical analysis of the oils was done with gas chromatography coupled with mass spectrometry. Analysis of the in vitro tests using Probit (SAS program) allowed the calculation of lethal concentrations (LCs). Lower reproductive efficiency indexes and higher efficacy percentages in the ITEF were obtained with the oils extracted from C. longa (24 and 71%, respectively) and M. arvensis oils (27 and 73%, respectively). Lower LC50 was reached with C. longa (10.24 mg/mL), L. alba (10.78 mg/mL), M. arvensis (22.31 mg/mL), L. sidoides (27.67 mg/mL), and C. sacaquinha (29.88 mg/mL) oils. In the LPT, species from Zingiberaceae and Verbenaceae families caused 100% lethality at 25 mg/mL, except for L. sidoides. The most effective oils were from C. longa, L. gracilis, L. origanoides, L. alba, and Z. officinale. The LC50 and LC90 were, respectively: 0.54 and 1.80 mg/mL, 3.21 and 7.03 mg/mL, 3.10 and 8.44 mg/mL, 5.85 and 11.14 mg/mL, and 7.75 and 13.62 mg/mL. The efficacy was directly related to the major components in each essential oil, and the oils derived from Croton genus presented the worst performance, suggesting the absence of synergistic effect among its compounds. Since C. longa, containing 62

  14. Estratégias de customização em massa implementadas por empresas brasileiras Strategies of mass customization accomplished by brazilian companies

    Directory of Open Access Journals (Sweden)

    André Gustavo Carvalho Machado

    2008-01-01

    Full Text Available O objetivo deste artigo é analisar as estratégias de customização em massa implementadas por empresas brasileiras. Neste sentido, a estratégia de pesquisa adotada foi de estudo de casos múltiplos, empreendido em quinze empresas, abrangendo nove diferentes divisões de atividades econômicas. A entrevista foi a principal técnica de coleta de dados. A análise dos dados, por seu turno, ocorreu em dois estágios: análise individual e análise cruzada dos casos. Ao se analisar as ações empreendidas no processo de customização dos produtos e serviços das empresas selecionadas, constatou-se que duas estratégias se destacaram: modularidade e postergação da manufatura. Ademais, evidenciou-se que a maioria das empresas executa suas atividades de customização em diferentes estágios da cadeia de valor, oferecendo, pelo menos, dois níveis de customização para o mercado. Foi também elaborado um continuum, representando as diferenças entre o grau de customização de cada empresa analisada.The objective of this paper is the analysis of the strategies of mass customization accomplished by Brazilian companies. Therefore, the research strategy adopted was a multiple-case study, which was undertaken in fifteen companies, comprising ten different divisions of economic activities. Interviews were the main technique for collecting data. The analysis of data, in its turn, took place in two phases: within-case analysis and cross-case analysis. When analyzing the actions undertaken in the customization process of the products and services of the selected companies, it was verified that two strategies stood out: modularity and manufacturing postponement. Furthermore, it was proved that most companies carry out their customization activities in different stages of the value chain, offering the market two customization levels, at least. A continuum was also developed, representing the differences among the degrees of customization of each analyzed

  15. 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)

    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)

  16. 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)

  17. 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)

  18. RELATIONSHIP BETWEEN HIERARCHICAL LEVELS AND THE COMPETITIVENESS IN EMPLOYEES’ VIEWS IN A UNIT OF A BRAZILIAN METALLURGICAL COMPANY.

    OpenAIRE

    Antonio Fernandes Barreto; Djair Picchiai

    2013-01-01

    The market competition leads companies to develop strategic plans. The challenge is to deploy a plan and commit employees in carrying out actions aligned to the goals and to hierarchical levels. This research reveals the management model used in a business unit of a metallurgical industry and the relationship between its hierarchical levels. In order to reach our goals, an evaluation tool called flexible organizational model developed by Mendes (2002) was used. We applied a questionnaire Like...

  19. Molecular Analysis of the Bacterial Communities in Crude Oil Samples from Two Brazilian Offshore Petroleum Platforms

    Science.gov (United States)

    Korenblum, Elisa; Souza, Diogo Bastos; Penna, Monica; Seldin, Lucy

    2012-01-01

    Crude oil samples with high- and low-water content from two offshore platforms (PA and PB) in Campos Basin, Brazil, were assessed for bacterial communities by 16S rRNA gene-based clone libraries. RDP Classifier was used to analyze a total of 156 clones within four libraries obtained from two platforms. The clone sequences were mainly affiliated with Gammaproteobacteria (78.2% of the total clones); however, clones associated with Betaproteobacteria (10.9%), Alphaproteobacteria (9%), and Firmicutes (1.9%) were also identified. Pseudomonadaceae was the most common family affiliated with these clone sequences. The sequences were further analyzed by MOTHUR, yielding 81 operational taxonomic units (OTUs) grouped at 97% stringency. Richness estimators also calculated by MOTHUR indicated that oil samples with high-water content were the most diverse. Comparison of bacterial communities present in these four samples using LIBSHUFF and Principal Component Analysis (PCA) indicated that the water content significantly influenced the community structure only of crude oil obtained from PA. Differences between PA and PB libraries were observed, suggesting the importance of the oil field as a driver of community composition in this habitat. PMID:22319534

  20. 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.

  1. 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.

  2. 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)

  3. 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.

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

    International Nuclear Information System (INIS)

    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

  5. Poly(met)acrylates as reducers of pour point of Brazilian crude oil; Poli(met)acrilatos como redutores de ponto de fluidez de petroleo cru brasileiro

    Energy Technology Data Exchange (ETDEWEB)

    Cesar-Oliveira, Maria Aparecida Ferreira; Zawadzki, Sonia Faria [Parana Univ., Curitiba, PR (Brazil). Dept. de Quimica. Lab. de Polimeros Sinteticos (LABPOL)]. E-mail: mafco@quimica.ufpr.br; zawadzki@quimica.ufpr.br; Tabak, David [Universidade Federal, Rio de Janeiro, RJ (Brazil). Dept. de Quimica Organica. Lab. de Polimeros e Catalise (LAPOCAT)]. E-mail: dtabak@uninet.com.br; Lucas, Elizabete Fernandes [Universidade Federal, Rio de Janeiro, RJ (Brazil). Inst. de Macromoleculas. Lab. de Macromoleculas e Coloides na Industria de Petroleo (LMCP)]. E-mail: elucas@ima.ufrj.br

    2000-07-01

    Several types of crude oil have a large amount of wax, which can crystallize, at low temperatures, reducing the oil flow. Polymeric additives are able to prevent the wax deposition and to reduce the pour point of the oil, what improves the oil flow at low temperatures. Some acrylic polymers containing C{sub 12+} pendant groups are found in the literature as efficient additives for crude oils. Nevertheless, this type of polymer has not yet been used in Brazilian crude oils. In this work, octadecyl acrylate (ODA) was synthesized by transe esterification of methyl acrylate (MA). By using these monomers, several copolymers of MA-ODA (containing different compositions and different molecular weights) were obtained by solution copolymerization. The performance of the copolymers as pour point depressants was verified by using a crude oil from Bacia de Campos, RJ, Brazil. Increasing the ODA content in the copolymer, its efficiency increases and the best results were obtained with the copolymer MA:ODA (36:64). The crude oil containing this copolymer as additive presented a pour point reduction of 26 deg C but the lower the copolymer molecular weight the worse the polymeric additive performance. (author)

  6. 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)

  7. Challenges and opportunities for residents in the Upernavik District while oil companies are making a first entrance in Baffin Bay

    DEFF Research Database (Denmark)

    Hansen, Anne Merrild; Tejsner, Pelle

    2016-01-01

    While oil industry is making its first entrance offshore in Baffin Bay the Inuit hunters on the northwest coast of Greenland are struggling to uphold a traditional way of living. The oil industry is encouraged by the Government of Greenland to secure a high degree of local content in projects to ...... projects in the area requires both strategic investments and legislative adjustment and that a general vision for the area from the central administration beneficially could serve as a point of departure for social impact assessments by the companies....

  8. 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)

    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)

  9. 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

  10. AN ANALYSIS OF THE EFFECTS OF MAJOR OIL COMPANIES ON CREW SELECTION CRITERIA FOR TANKER OPERATING SHIP MANAGEMENT COMPANIES

    OpenAIRE

    Fışkın, Remzi; ZORBA, Yusuf

    2015-01-01

    Tanker shipping which is a special sub-sector of maritime transportation industry plays an important role for the world trade. As oil and its derivatives transported by tankers is the fundamental component for developing industries, its transportation becomes an indispensable issue. Though petroleum and chemical transportation is important for all industries, due to its structural properties, these cargoes include major risks for the environment. There have been some enforcement and impositio...

  11. Job insecurity, job satisfaction, work wellness and organisational commitment in a petroleum/oil company / Carol Matshepo Selepe

    OpenAIRE

    Selepe, Carol Matshepo

    2004-01-01

    The primary objectives of this study were to investigate the relationship between job insecurity, job satisfaction, work wellness, and organisational commitment of employees (N = 66) at a petroleum / oil company. A cross-sectional survey design was used. Constructs were measured by means of the Job Insecurity Survey Inventory (JISI), the Minnesota Job Satisfaction Questionnaire (MSQ), the Oldenburg Burnout Inventory (OLBI), the Utrecht Work Engagement Scale (UWES), the General Health Qu...

  12. Characterising Integration in Practice: A Case Study of Collaborative Infrastructure Change in a Large Oil and Gas Company

    OpenAIRE

    Jarulaitis, Gasparas

    2011-01-01

    This thesis investigates collaborative work practices in a large oil and gas company (OGC), with special attention being given to recent integration and standardisation efforts to the collaborative infrastructure for improving knowledge sharing practices across disciplinary and geographical boundaries. Through a longitudinal case study, the thesis investigates how these efforts unfold in different organisational contexts.This dissertation is inspired by social studies of Information Systems (...

  13. Organizational Learning and Project Portfolio Success  : An Empirical Study in a Multinational Oil and Gas Company

    OpenAIRE

    Putri, Autie Minati; Al Hadla, Mostafa

    2016-01-01

    This study aims to understand the impact of organizational learning on project portfolio success in a multinational Oil and Gas company operated in Indonesia. The Organizational Learning and Project Portfolio Success have been proven to have contribution to business performance and they might possess a relationship where enhancing one of them will strengthen the other. Exploring on this relationship might give beneficial input to the organization in order to maximize their success.  Thus, our...

  14. 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)

    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

  15. RELATIONSHIP BETWEEN HIERARCHICAL LEVELS AND THE COMPETITIVENESS IN EMPLOYEES’ VIEWS IN A UNIT OF A BRAZILIAN METALLURGICAL COMPANY.

    Directory of Open Access Journals (Sweden)

    Antonio Fernandes Barreto

    2013-12-01

    Full Text Available The market competition leads companies to develop strategic plans. The challenge is to deploy a plan and commit employees in carrying out actions aligned to the goals and to hierarchical levels. This research reveals the management model used in a business unit of a metallurgical industry and the relationship between its hierarchical levels. In order to reach our goals, an evaluation tool called flexible organizational model developed by Mendes (2002 was used. We applied a questionnaire Likert type scale of five - response numbered one represented total disagreement and number five, total agreement. We calculated the median level of agreement on the Likert scale and the degree of agreement and disagreement through dichotomization of the data. The study found a high degree of concordance with flexible organizational model applied to this business unit. It also confirmed the leveling between the hierarchical levels studied, as elements of increased competitiveness in the perception of respondents.

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

    International Nuclear Information System (INIS)

    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)

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

    International Nuclear Information System (INIS)

    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

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

    International Nuclear Information System (INIS)

    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

  19. 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. PMID:25577329

  20. 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

  1. Assessing the Chemical Composition and Antimicrobial Activity of Essential Oils from Brazilian Plants—Eremanthus erythropappus (Asteraceae), Plectrantuns barbatus, and P. amboinicus (Lamiaceae)

    OpenAIRE

    Nara O. dos Santos; Bruna Mariane; João Henrique G. Lago; Patricia Sartorelli; Welton Rosa; Marisi G. Soares; Adalberto M. da Silva; Harri Lorenzi; Vallim, Marcelo A.; Pascon, Renata C.

    2015-01-01

    The chemical composition and antimicrobial activity of essential oils obtained from three Brazilian plant species—leaves and branches of Eremanthus erythropappus (Asteraceae), leaves of Plectranthus barbatus, and leaves of P. amboinicus (Lamiaceae)—were determined. Analysis by GC/MS and determination of Kovats indexes both indicated δ-elemene (leaves—42.61% and branches—23.41%) as well as (−)-α-bisabolol (leaves—24.80% and stem bark—66.16%) as major constituents of E. erythropappus essential ...

  2. Essential Oils from Fruits with Different Colors and Leaves of Neomitranthes obscura (DC.) N. Silveira: An Endemic Species from Brazilian Atlantic Forest

    OpenAIRE

    Amaral, Raquel R.; Caio P. Fernandes; Otávio P. Caramel; Tietbohl, Luis A. C.; MARCELO G. SANTOS; José C. T. Carvalho; Leandro Rocha

    2012-01-01

    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 l...

  3. Assessing the Chemical Composition and Antimicrobial Activity of Essential Oils from Brazilian Plants-Eremanthus erythropappus (Asteraceae), Plectrantuns barbatus, and P. amboinicus (Lamiaceae).

    Science.gov (United States)

    Santos, Nara O Dos; Mariane, Bruna; Lago, João Henrique G; Sartorelli, Patricia; Rosa, Welton; Soares, Marisi G; da Silva, Adalberto M; Lorenzi, Harri; Vallim, Marcelo A; Pascon, Renata C

    2015-01-01

    The chemical composition and antimicrobial activity of essential oils obtained from three Brazilian plant species-leaves and branches of Eremanthus erythropappus (Asteraceae), leaves of Plectranthus barbatus, and leaves of P. amboinicus (Lamiaceae)-were determined. Analysis by GC/MS and determination of Kovats indexes both indicated δ-elemene (leaves-42.61% and branches-23.41%) as well as (-)-α-bisabolol (leaves-24.80% and stem bark-66.16%) as major constituents of E. erythropappus essential oils. The main components of leaves of P. barbatus were identified as (Z)-caryophyllene (17.98%), germacrene D (17.35%), and viridiflorol (14.13%); whereas those of leaves of P. amboinicus were characterized as p-cymene (12.01%), γ-terpinene (14.74%), carvacrol (37.70%), and (Z)-caryophyllene (14.07%). The antimicrobial activity against yeasts and bacteria was assessed in broth microdilution assays to determine the minimum inhibitory concentration (MIC) necessary to inhibit microbial growth. In addition, the crude oil of branches of E. erythropappus was subjected to chromatographic separation procedures to afford purified (-)-α-bisabolol. This compound displayed biological activity against pathogenic yeasts, thus suggesting that the antimicrobial effect observed with crude oils of E. erythropappus leaves and branches may be related to the occurrence of (-)-α-bisabolol as their main component. Our results showed that crude oils of Brazilian plants, specifically E. erythropappus, P. barbatus, and P. amboinicus and its components, could be used as a tool for the developing novel and more efficacious antimicrobial agents. PMID:25970043

  4. Assessing the Chemical Composition and Antimicrobial Activity of Essential Oils from Brazilian Plants—Eremanthus erythropappus (Asteraceae, Plectrantuns barbatus, and P. amboinicus (Lamiaceae

    Directory of Open Access Journals (Sweden)

    Nara O. dos Santos

    2015-05-01

    Full Text Available The chemical composition and antimicrobial activity of essential oils obtained from three Brazilian plant species—leaves and branches of Eremanthus erythropappus (Asteraceae, leaves of Plectranthus barbatus, and leaves of P. amboinicus (Lamiaceae—were determined. Analysis by GC/MS and determination of Kovats indexes both indicated δ-elemene (leaves—42.61% and branches—23.41% as well as (−-α-bisabolol (leaves—24.80% and stem bark—66.16% as major constituents of E. erythropappus essential oils. The main components of leaves of P. barbatus were identified as (Z-caryophyllene (17.98%, germacrene D (17.35%, and viridiflorol (14.13%; whereas those of leaves of P. amboinicus were characterized as p-cymene (12.01%, γ-terpinene (14.74%, carvacrol (37.70%, and (Z-caryophyllene (14.07%. The antimicrobial activity against yeasts and bacteria was assessed in broth microdilution assays to determine the minimum inhibitory concentration (MIC necessary to inhibit microbial growth. In addition, the crude oil of branches of E. erythropappus was subjected to chromatographic separation procedures to afford purified (−-α-bisabolol. This compound displayed biological activity against pathogenic yeasts, thus suggesting that the antimicrobial effect observed with crude oils of E. erythropappus leaves and branches may be related to the occurrence of (−-α-bisabolol as their main component. Our results showed that crude oils of Brazilian plants, specifically E. erythropappus, P. barbatus, and P. amboinicus and its components, could be used as a tool for the developing novel and more efficacious antimicrobial agents.

  5. The Corporate Governance of Privately Controlled Brazilian Firms

    OpenAIRE

    Érica C. R. Gorga; Antonio Gledson de Carvalho; Bernard S. Black

    2009-01-01

    We provide an overview of the corporate governance practices of Brazilian public companies, based primarily on an extensive 2005 survey of 116 companies. We focus on the 88 responding Brazilian private firms which are not majority owned by the state or a foreign company. We identify areas where Brazilian corporate governance is relatively strong and weak. Board independence is an area of weakness: The boards of most Brazilian private firms are comprised entirely or almost entirely of insiders...

  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. PMID:23484148

  7. 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)

  8. 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)

  9. 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. PMID:24838193

  10. 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)

  11. 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)

  12. The deliveries of Norwegian companies to oil- and gas production in Norway and abroad in 1999

    International Nuclear Information System (INIS)

    This report discusses the results of an inquiry made in 2000 among Norwegian suppliers to the petroleum activities. The sales abroad includes both sales from Norway and sales in other countries by foreign daughter companies led from Norway. However, large, independent daughter companies that are parts of Norwegian industrial groups and which have minimal contact with Norway are excluded. Manufacture of modules and similar comprises the major part of the total sales related to the petroleum activities. In volume, maritime services and equipment are the most important segment for the 104 companies that sold abroad in 1999. As might be expected, the UK/North Sea region (less Norway) remains the most important one for the sales abroad. In comparison, the importance of North American sales appears to have weakened, while South America and West Africa are becoming more important. Many of the companies that took part in the inquiry had taken part in similar inquiries before, which made it possible to calculate a nominal growth of the foreign petroleum sales of about 23% from 1997 to 1999 for identical enterprises. Although many companies have sales abroad, most of the total sales are performed by a comparatively small number of them. This also means that the estimation of the total sales abroad is very sensitive to whether or not major individual companies are included in the data

  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. PMID:25306359

  14. Forging peaceful relationships between oil-companies and host-communities in Nigeria's Delta region: A stakeholder's perspective to corporate social responsibility

    OpenAIRE

    Rhuks Temitope Ako; Lawrence Ogechukwu Obokoh; Patrick Okonmah

    2009-01-01

    Purpose – The purpose of this paper is to determine the level of corporate social responsibility (CSR) that is expected of oil-multinationals by the host-communities in which they operate in Nigeria's oil-rich Delta region. It also suggests how the aggressive opposition of the host-community to the oil exploration activities of oil companies may be curbed. Design/methodology/approach – The method is purely review of extant literatures and deductive arguments that will give insights to how con...

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

    International Nuclear Information System (INIS)

    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)

  16. Analysing a method for small and medium sized companies to rate oil quality during immersion frying

    Directory of Open Access Journals (Sweden)

    Efraín Hisnardo Rojas Uribe

    2011-01-01

    Full Text Available  This work studied the deterioration of commercial Frytol oil in controlled frying conditions using the anisidine index (AI as standard evaluation method. The effect of temperature and time was studied at 170°C for up to 10 hours and at 200°C for up to 6 hours in the presence of factors which speeded up oil deterioration: 1% and 8% water based on the mass of oil and non-lipid material, 1% and 6% based on the mass of oil. Air flow rate was kept constant at 25 L h-1. The relationship between AI, colour and viscosity was studied to evaluate the technical viability of measuring these variables as a function of time to be used as a method for rating oil deterioration by small and medium sized enterprises (SME. Oil deterioration was higher and faster at maximum study interval values for each experimental factor, although only the effect of temperature was significant (p2=0.558 and R2=0.526, respectively, colour depending on frying temperature. Viscosity measured at 30°C had the highest coefficient of determination (R2=0.809 and was independent of frying temperature. Viscosity is thus a variable which can be used for determining frying oil deterioration in SME as a consequence of a significant change from 10 cP to 45 cP which is closer to frying oil deterioration limit (AI 156. It can facilitate determination and lower associated costs, thereby improving product quality and customer confidence in them. 

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

    International Nuclear Information System (INIS)

    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

  18. Extracting the Past from the Present: Exotic Prizes, Empty Wilderness, and Commercial Conquest in Two Oil Company Advertisements, 1925–2012

    Directory of Open Access Journals (Sweden)

    Ian Wereley

    2016-06-01

    Full Text Available This article undertakes a comparative analysis of two oil company advertisements—British Petroleum’s (BP “Persian Series”, published in London in 1925, and Cenovus Energy’s “Canadian Ideas at Work”, published across Canada in 2012. These advertisements are separated by eighty-seven years, and were produced in different countries, by different companies, and for different audiences. Yet, a closer reading of these documents reveals that they are two sides of the same coin: both narrate the extraction of oil as a great game of commercial conquest, whereby exotic prizes trapped beneath wild and empty landscapes are unlocked by oil companies. How could two advertisements that appear so radically distant feel so close? In what ways do the oil cultures of the past inflect those of the present? This article engages with such questions by critically deconstructing and comparing the imagined worlds of oil presented in BP and Cenovus’ advertisements, tracing the ways in which the resource is represented through the binaries of ancient and modern, empty and urban, wild and civilized. By configuring oil as a constellation of ideas rather than a system of things, this investigation reveals how the colonial legacies of the past continue to seep through the oil cultures of the present.

  19. Research Management System of the Big Oil Companies Abroad%国外大型石油公司管理体制研究

    Institute of Scientific and Technical Information of China (English)

    张倩

    2013-01-01

    This paper focus on the introduction and the analysis about the management system of big oil companies abroad from some areas such as organizational structure, staff management,technical safety,social responsibility and stra-tegic direction.By a comparative study,it has obtained some features of several major oil companies in the different areas in order to provide for the reference to the management of our oil companies.%从组织结构、员工管理、技术安全、社会责任、战略方向等领域,重点分析了国外大型石油公司的管理体制,对比其在不同领域的特点,以期对我国石油公司的管理提供借鉴。

  20. IMPAIRMENT OF ASSETS: A STUDY IN GLOBAL CRUDE-OIL COMPANIES

    Directory of Open Access Journals (Sweden)

    Carlos Roberto Godoy

    2012-11-01

    Full Text Available Oil and gas exploration and production (E&P is a typically capital-intensive activity, involves high risks and long investment maturity terms. These characteristics entail high asset values and difficulties to recover these capitalized values. Hence, the impairment test to check the possibility to recover these asset values is very important for this sector. In that context, the aim of this study was to undertake an analysis in order to identify how oil price and proven reserve variations are related to the impairment expenses attributed to oil E&P activities. An inverse relation was found between the impairment expenses attributed to E&P activities and the volume of discoveries and the net balance of reserve purchases and sales. The study did not confirm, however, that an inverse relation exists between the price and reserve volume and impairment expenses. The direct relation between production and impairment loss was not confirmed either.

  1. 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

  2. Q: How Do Oil and Gas Companies Know Where to Drill?

    Science.gov (United States)

    Robertson, William C.

    2010-01-01

    Contrary to popular opinion, most oil is not discovered by a backwoods hunter shooting at some food when up through the ground comes bubbling crude (you younger people ask your parents what silly TV program the author is referring to). Neither is it discovered simply by drilling holes randomly to see what you can find. There are several methods,…

  3. Understanding organization and institutional changes for management of environmental affairs in the Brazilian petroleum sector

    International Nuclear Information System (INIS)

    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)

  4. 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)

  5. Effects of knowledge management strategy and organizational learning capability on innovation-driven performance in an oil company

    Directory of Open Access Journals (Sweden)

    Mohsen Shafiei Nikabadi

    2016-06-01

    Full Text Available The purpose of this study is to investigate the effects of knowledge management strategy and organizational learning capability on organizational performance with an emphasis on organizational innovation. The participants of the study include top, operational, and intermediate managers of an oil company. A 5-point Likert scale questionnaire was developed and used to collect data from 161 managers. Confirmatory factor analysis, correlation test, and path analysis were used for analysis. The results showed that knowledge management strategy has a positive and meaningful effect on organizational innovation and that innovation has a positive, direct and meaningful effect on organizational performance. However, organizational learning capacity does not have a meaningful relationship with organizational innovation.

  6. Environmental policy in Norway: emission quotas to the processing industries, taxation of the oil companies

    International Nuclear Information System (INIS)

    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 CO2 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 CO2 will be replaced by a broad quota system that will apply to all sources that can be technically included

  7. 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)

    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

  8. Effects of Dietary Brazilian Palm Oil (Mauritia flexuosa L.) on Cholesterol Profile and Vitamin A and E Status of Rats

    OpenAIRE

    Jailane de Souza Aquino; Juliana Késsia Barbosa Soares; Marciane Magnani; Thayza Christina Montenegro Stamford; Robson de Jesus Mascarenhas; Renata Leite Tavares; Tânia Lúcia Montenegro Stamford

    2015-01-01

    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 grou...

  9. 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)

  10. Energy Needs and Environmental Demands - Seen from an Oil Company's Perspective

    International Nuclear Information System (INIS)

    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

  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)

    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. Os investimentos das indústrias farmacêuticas brasileiras em programas sociais: uma análise dos indicadores sociais de 2006 Investments of brazilian drug companies in social programs: an analysis of 2006 social indicators

    Directory of Open Access Journals (Sweden)

    Silvio Luiz Gonçalves Pereira

    2009-03-01

    Full Text Available O objetivo deste artigo é analisar a evolução dos investimentos sociais praticados pelo setor industrial farmacêutico brasileiro. A importância do estudo das políticas sociais criadas por esse importante segmento produtivo deve-se à sua forte influência nas mais variadas definições sobre políticas de saúde, entre elas o conflituoso campo de disputa entre a defesa das patentes por parte das empresas e as tentativas de licenciamento compulsório de medicamentos, por parte do governo. Tomamos como fonte de pesquisa os indicadores sociais de 62 indústrias farmacêuticas, relativos ao ano de 2006, publicados pela Federação Brasileira da Indústria Farmacêutica (Febrafarma, em maio de 2007, sob o título Painel Social, apresentados de três formas: dados gerais sobre o número de programas, valores investidos e o número de pessoas beneficiadas; dados gerais classificados segundo um modelo pré-definido e composto de categorias fixas (saúde, educação, comunidade, valorização da vida, cultura, meio ambiente, voluntariado e outros; e dados individualizados por empresa, com a indicação das ementas de cada programa criado. Buscamos com a reflexão sobre esses indicadores averiguar se eles possibilitam realizar um acompanhamento longitudinal das diretrizes e das proposições relacionadas às ações socialmente responsáveis praticadas pelas indústrias farmacêuticas.The purpose of this article was to analyze the progress of social investments of Brazilian pharmaceutical industry. Studying social policies created by this major productive sector is important due to its strong influence on a wide variety of health policies, among them the conflicting battlefield between company's patent protection and government's compulsory license for patent drugs. The 2006 social indicators of 62 pharmaceutical companies, published in the Social Panel by the Brazilian Federation of Pharmaceutical Companies (Febrafarma in May 2007, were studied

  14. Institutional cooperation in oil and gas. Governments, companies and the investment climate

    Energy Technology Data Exchange (ETDEWEB)

    Zanoyan, V. [PFC Energy, Washington DC (United States)

    2004-05-01

    Some of the most important hurdles that constrain investment in the global upstream sector are political in nature. These appear at several levels: (1) At the level of the host country, political constraints take two important forms: (a) Resource nationalism and the persistence of 1970s style thinking that below ground resources should not be shared with foreign companies. Although many governments and NOCs have adjusted to the new commercial realities of the global energy sector, the legacy of this syndrome still is prevalent in many countries; (b) Strong vested interests in some countries' hydrocarbon sector bureaucracies that oppose the creation of a vibrant, competitive and transparent investment climate because they see it as a threat to their interests; (2) At the international level, because of sanctions and other legal constraints, IOGCs are restricted from investing in certain countries. Lack of investment in Iraq in the past 15 years is a good example. But even unilateral sanctions with punitive third party legislation (as in the case of US sanctions on Iran and Libya, along with the Iran Libya Sanctions Act) have limited and caused delays in, although not entirely stopped, investment activity in these countries; (3) Finally, at a third level, there is the syndrome of perceived (and actual) high political risk in certain countries, largely due to internal civil unrest and political instability, which has kept potential investment activity away. This paper will not deal with the second and third types of political hurdles. Although these issues are very important, their treatment falls outside of the scope of this paper. This paper will deal with the commercial and policy consequences of the first set of political hurdles outlined above, in addition to the main commercial and strategic drivers of private companies as they make their investment decisions.

  15. Institutional cooperation in oil and gas. Governments, companies and the investment climate

    International Nuclear Information System (INIS)

    Some of the most important hurdles that constrain investment in the global upstream sector are political in nature. These appear at several levels: (1) At the level of the host country, political constraints take two important forms: (a) Resource nationalism and the persistence of 1970s style thinking that below ground resources should not be shared with foreign companies. Although many governments and NOCs have adjusted to the new commercial realities of the global energy sector, the legacy of this syndrome still is prevalent in many countries; (b) Strong vested interests in some countries' hydrocarbon sector bureaucracies that oppose the creation of a vibrant, competitive and transparent investment climate because they see it as a threat to their interests; (2) At the international level, because of sanctions and other legal constraints, IOGCs are restricted from investing in certain countries. Lack of investment in Iraq in the past 15 years is a good example. But even unilateral sanctions with punitive third party legislation (as in the case of US sanctions on Iran and Libya, along with the Iran Libya Sanctions Act) have limited and caused delays in, although not entirely stopped, investment activity in these countries; (3) Finally, at a third level, there is the syndrome of perceived (and actual) high political risk in certain countries, largely due to internal civil unrest and political instability, which has kept potential investment activity away. This paper will not deal with the second and third types of political hurdles. Although these issues are very important, their treatment falls outside of the scope of this paper. This paper will deal with the commercial and policy consequences of the first set of political hurdles outlined above, in addition to the main commercial and strategic drivers of private companies as they make their investment decisions

  16. 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)

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

    OpenAIRE

    2015-01-01

    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 dete...

  18. 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

  19. Different perceptions of company leaders: Corporate social responsibility in Brazil and India

    OpenAIRE

    Mônica Cavalcanti Sá de Abreu; Fernanda Rosalina da Silva Meireles; Larissa Teixeira da Cunha

    2015-01-01

    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 co...

  20. Strategic Planning for Environmental Protection of Chinese Oil Companies%中国石油企业环境保护战略规划研究

    Institute of Scientific and Technical Information of China (English)

    李丽萍; 巩艳芬; 杨东红

    2011-01-01

    针对石油企业环境问题的现状,采用SWOT分析法,分析了石油企业实行环境保护战略的所面临外部的机会与威胁及内部的优势与劣势,从石油企业环境保护战略的基本原则,各阶段目标及战略重点方面进行了规划,研究结果有利于国家石油资源的战略安全、油田所在地的经济振兴和城市的稳定发展及石油企业的可持续发展.%Based on the status of environmental issues in oil companies, this paper analyzes the external opportunities and threats and internal strengths and weakness when the oil companies implement environmental protection strategy by SWOT analysis, plans the basic principles, objectives in each stage and strategic focus of the environmental protection strategies. The results are conducive to national strategic security of oil resources, economic revitalization the area where the oilfield located, the city's stable development and the sustainable develooment of the oil companies.

  1. 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

    OpenAIRE

    Daniele Penteado Rosa; Harvey Alexander Villa-Vélez; Javier Telis-Romero

    2013-01-01

    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...

  2. Company profiles

    International Nuclear Information System (INIS)

    This directory provides an alphabetical listing of manufacturers and suppliers of equipment and services to the oil and gas industry. The listing includes the names of approximately 350 Canadian companies, their address, phone number, names of key personnel, description of business, in some cases email and web site addresses and domestic and international service locations

  3. 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.

  4. 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. PMID:26131639

  5. Health assessment for Comet Oil Company, Billings, Yellowstone County, Montana, Region 8. CERCLIA No. MTD980403554. Preliminary report

    Energy Technology Data Exchange (ETDEWEB)

    1991-04-05

    The Comet Oil Company, a National Priorities List site, is located approximately 3,000 feet south of the Yellowstone River and north of Interstate 90, just east of the city of Billings, Montana. The site encompasses about 10 acres along Frontage Road in Billings, Montana. Samples from on-site monitoring wells have shown that volatile organic compounds are present in groundwater, and soil samples indicate that petroleum-based products are present at depths of at least 15 to 34 feet below the surface. Analyses of environmental and exposure pathways indicate the potential of exposure via surface water and groundwater. At the present, no contaminants have been detected in the wells supplying drinking water for public consumption. The closest private well has not been monitored since 1985, at which time no contaminants were detected. On the basis of the information reviewed, this site is of potential public health concern because of the potential for exposure to contaminated groundwater and the exposure to dusts that may be generated during site remediation. Exposure to VOCs, such as trans-1,2-dichloroethene and benzene, and metals, such as lead and arsenic, has possibly occurred in the past and may occur during remediation.

  6. How international oil and gas companies respond to local content policies in petroleum-producing developing countries: A narrative enquiry

    International Nuclear Information System (INIS)

    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

  7. 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.

  8. Influence of the Personalization and Codification Strategies on Successful Knowledge Management Case Study: National Iranian Oil Company

    Directory of Open Access Journals (Sweden)

    Roghyeh Nouri

    2013-06-01

    Full Text Available Successful implementation of Knowledge Management (KM involves on identification the most effective associated factors. Hence well-thought-out of organization strategy often is absent in implementing KM. Moreover resource restrictions lead us to prioritize them. Consequently, organizations are looking to prioritize the projects for deploying KM in order to invest on the infrastructural projects based on that. The purpose of this study is on identifying, classifying and ranking the enablers related to four key factors of people, process, leadership and information technology based on two given KM strategies. The quantitative approach was utilized in collecting data through questionnaire. In order to approve and classify the identified enablers in each key factor, a quantitative approach was utilized in collecting data through a few justifiable reliable questionnaires. We designed them using Delphi method and distributed among organization experts. Significant factors extracted from applying an exploratory factor analysis using the SPSS package. In order to prioritize the extracted enabler’s a fuzzy multi-criteria decision making technique is then applied. The results shows that among thirty identified enablers in personalization strategy, twenty seven ones and among the nineteen identified enablers in codification strategy, sixteen of are significant. Accordingly by ranking the factors and enablers in nine management organizations of the National Iranian Oil Company (NIOC, the leadership factor in personalization strategy and also information technology in codification strategy have higher ranks by weighing 0.259 and 0.267respectively.

  9. 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.

  10. Turnover Intention among Engineering Employees: A Question about Psychosocial Work Environment Factors and Age? : A quantitative study conducted on a global oil and gas company

    OpenAIRE

    Paulsen, Marielle

    2014-01-01

    Background and purpose: The main goal was to examine which factors in the psychosocial work environment that would predict turnover intention among engineering employees in a larger global company within the oil and gas industry. The second goal was to examine if the predictors would differ for employees under the age of 40, compared to employees over the age of 40.Method: Data was collected using a self-reported electronic questionnaire designed by Mille Myhre and myself. The analyses includ...

  11. Turnover Intention among Engineering Employees: A Question about Psychosocial Work Environment Factors and Age?: A quantitative study conducted on a global oil and gas company

    OpenAIRE

    Paulsen, Marielle

    2014-01-01

    Background and purpose: The main goal was to examine which factors in the psychosocial work environment that would predict turnover intention among engineering employees in a larger global company within the oil and gas industry. The second goal was to examine if the predictors would differ for employees under the age of 40, compared to employees over the age of 40.Method: Data was collected using a self-reported electronic questionnaire designed by Mille Myhre and myself. The analyses includ...

  12. Turnover Intention among Engineering Employees: A Question about Psychosocial Work Environment Factors and Age? : A quantitative study conducted on a global oil and gas company

    OpenAIRE

    Paulsen, Marielle

    2014-01-01

    Background and purpose: The main goal was to examine which factors in the psychosocial work environment that would predict turnover intention among engineering employees in a larger global company within the oil and gas industry. The second goal was to examine if the predictors would differ for employees under the age of 40, compared to employees over the age of 40. Method: Data was collected using a self-reported electronic questionnaire designed by Mille Myhre and myself. The analyses inclu...

  13. 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.

  14. 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)

  15. 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.

  16. Oil refining expansion criteria for Brazil

    International Nuclear Information System (INIS)

    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. The effect of market orientation on business performance and organizational innovation with the role of mediator (The case of study: companies manufacturing and supplying parts national Iranian south oil company in the khuzestan province

    Directory of Open Access Journals (Sweden)

    Rahim Rahimi

    2016-03-01

    Full Text Available Abstract The disturbance of business processes, Cause than companies Use very different from the tendency to increase their performance in the market, are to enjoy the present study sought to evaluate the effect of market orientation on the role of mediator with organizational innovation in companies manufacturing and supplying parts for the oil industry in Khuzestan Materials Research harm based on the purpose of the application, in terms of how to compile and run, cross-scientific and the type of data collected using quantitative.the population included all the senior managers executives of companies building and commercial 300 are in Khuzestan province. The amount of firm of Morgan sample of 169 companies, which randomly stratified and randomly selected elements within each class .also descriptive analysis using SPSS and to test hypotheses of application software in the smart PLS measurement model and structural transactions model.The Results indicate that market orientation and organizational innovation on business performance separately and also through the positive impact and significant organizational innovation mediator.

  18. 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.

  19. 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)

  20. 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.

  1. Effect of investments on fundamentals and market reaction on pre-operational and operational Brazilian companies for the period 2006-2012

    OpenAIRE

    Marco Antonio Pereira; José Roberto Securato; Almir Ferreira de Sousa

    2016-01-01

    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...

  2. 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

  3. 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

  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. 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)

    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.

  6. 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

  7. Company profiles

    International Nuclear Information System (INIS)

    The annual update to the directory of manufacturers and suppliers of equipment and services to the oil and gas industry is provided. Companies are listed in alphabetical order, with name, address, telephone and fax numbers and e-mail addresses given, where applicable. Nature of the services provided, or equipment offered, and names of officers and key contact personnel are also listed. The section has its own subject index

  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. Rising Crude Prices’ Impact – To understand the impact of the volatility of crude oil market over the Singapore economy and also on the Singapore oil companies

    OpenAIRE

    Ooi, Ee Sun

    2009-01-01

    Recent economic and geopolitical events have significantly impacted the crude oil prices worldwide with US crude reaching record highs above $78 dollars per barrel on July 14, 2006. Although the consequences and transmission mechanisms of oil price shocks have been investigated to some extent for developed economies, the impact volatility and rise of oil price on developing countries and emerging market economies (EMEs) have yet to be explored. Established in 1969, Singapore ...

  10. 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

  11. Application of Hydrocracking Process for Upgrading Tail Oil Quality in 1.0 Mt/a Hydrocracker Unit at SINOPEC Yangzi Petrochemical Company

    Institute of Scientific and Technical Information of China (English)

    Zhang Haichun; Dong Jianwei

    2009-01-01

    This article focuses on the hydrocracking technology for upgrading the quality of tail oil and the first commercial application of the RN-32V/RHC-1 catalysts in the 1.0 Mt/a hydrocracker at the Yangzi Petrochemical Company, which was started up successfully in September 2008. One month after start-up of the hydrocracking unit, an evaluation opera-tion has been conducted for assessing the catalysts performance. The technical calibration results showed that the RN-32V/RHC-1 catalysts had high activity, and the product yield distribution was reasonable. The hydrocracker can provide abundant feedstocks for the downstream aromatic production unit and ethylene production unit.

  12. Health assessment for Rio Grande Oil Company Refinery (Rio Grande I), National Priorities List, Sour Lake, Texas, Region 6. CERCLIS No. TXD980795736. Preliminary report

    Energy Technology Data Exchange (ETDEWEB)

    1990-05-16

    The Rio Grande Oil Company Refinery (Rio Grande I) site is a proposed National Priorities List site located adjacent to the City of Sour Lake in Hardin County, Texas. Rio Grande I was the site of an oil refinery in the 1920s and 1930s. Refinery wastes were disposed of on site in open, unlined pits. A privately-funded remediation effort removed 3,410 cubic yards of waste material from the site in November 1987. Elevated levels of mercury, zinc, and bis(2-ethylhexyl)phthalate were detected in soil on site after remediation. No groundwater contamination was detected. Based on the available environmental sampling information, the Rio Grande I site is not of public health concern under current conditions.

  13. 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)

    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 226Ra and 228Ac 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)

  14. 油价与我国石油公司股价间的动态关系研究%The Dynamic Relationships between Oil Prices and Share Prices of Listed Oil Companies in China

    Institute of Scientific and Technical Information of China (English)

    程安; 常清

    2016-01-01

    基于2011—2015年的周时间序列数据构建VAR模型,运用协整检验、Granger因果检验、脉冲响应与方差分解方法对国际油价与我国上市石油企业股价间的长期动态关系进行了研究。研究结果是:(1)国际油价仅与22家上市石油企业中的2家企业存在长期均衡关系,且这2家企业均属中国石油系统,与其余石油企业则不存在长期均衡关系;(2)国际油价与中国石油股价呈现双向引导关系;(3)国际油价与中国石油股价呈现负向效应特征,国际油价变动对中国石油股价变动具有一定的影响力;(4)国际油价与大庆华科股价呈现正向效应特征,国际油价对大庆华科股价影响较小。总体而言,国际油价与我国石油公司间的价格传导关系并不通畅。究其原因,主要在于我国石油市场发展缓慢,市场化程度低,行业体制陈旧,企业技术落后、效率低下,使得石油产业本应具备的价格传导机制不能有效运行。我国石油行业与企业必须进行深刻的反思、不断的总结和改进,全方位提升自身实力,使油价与股价间的关系能够得到真实的反映。%This article is based on 2011-2015 weeks of time series data to construct the VAR model,using cointe-gration analysis,Granger causality test,impulse response analysis and variance decomposition to study the long-term dynamic relationships between oil prices and listed oil companies shares in China. The results show that:(1) Only two of the companies which belong to China National Petroleum Corporation (CNPC)have long-term equi-librium relationships with the oil prices,and this kind of relationship between the oil prices and other oil companies does not exist;(2 ) The international oil prices and CNPC share prices present bi-directional leading relation-ships;(3)The international oil prices and CNPC share prices have negative effect characteristics,and the

  15. Nível de evidenciação × custo da dívida das empresas brasileiras Disclosure level × cost of debt of Brazilian companies

    Directory of Open Access Journals (Sweden)

    Gerlando Augusto Sampaio Franco de Lima

    2009-04-01

    Full Text Available Este trabalho tem como objetivo investigar a relação entre o nível de disclosure voluntário e o custo de capital de terceiros. Espera-se que o aumento do disclosure pelas empresas resulte na diminuição da assimetria de informação, diminuindo o risco oferecido aos financiadores da empresa, resulte, também, no aumento da visibilidade e negociabilidade de seus papéis, bem como na quantidade de informação divulgada aos seus stakeholders de uma forma geral. Antes de analisar a regressão com dados em painel, foi utilizada a técnica multivariada de Análise de Correspondência (ANACOR para se fazer uma análise exploratória das variáveis estudadas. Foram pesquisadas 23 companhias abertas no decorrer de 2000 a 2004, para o nível de disclosure (ND, e de 2001 a 2005, para o custo de capital de terceiros (Kd e as variáveis de controle, obedecendo à seguinte equação: (Kd t = ƒ(NDt-1, variáveis de controle t-1. Os resultados empíricos demonstraram que, a partir da utilização do efeito pooling, pelo método dos mínimos quadrados generalizados, cujo R² foi de aproximadamente 28,49%, o nível de disclosure voluntário possui relação inversa com o custo de capital de terceiros, ou seja, quanto maior o nível de diclosure, menor o custo de capital de terceiros, dessa forma, não se rejeitou a hipótese estudada.This study aims to investigate the relation between the voluntary disclosure level and the cost of capital of third parties. Increased disclosure by companies is expected to result in decreased information asymmetry, reducing the risk offered to the company's financial backers, as well as a rise in visibility and liquidity of its bonds and in the information quantity disseminated to its stakeholders in general. Before analyzing the regression with panel data, the multivariate Correspondence Analysis (ANACOR technique was used for an exploratory analysis of the study variables. We examined 23 publicly-traded companies between

  16. 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

  17. SICHUAN GEOPHYSICAL COMPANY

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    @@ Sichuan Geophysical Company(SCGC)remains a leading part of SPA CNPC.Through 50 years'development,it has evolved into the largest oil and gas enterprise in west China with technical services for seismic exploration.

  18. 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

  19. 我国民营油企发展的机遇、挑战和对策研究%The Study of Development Opportunities, Challenges and Countermeasures of China's Private Oil Companies

    Institute of Scientific and Technical Information of China (English)

    巩艳芬; 郭晓锋

    2012-01-01

    In recent years,our government increasingly pays more attention to private oil companies which have become an important component of the national economy .The private oil companies are faced with some opportunities in the domestic and international oil market, such as favorable government policies,high oil prices and chances to cooperate with large oil companies, and so on.Meanwhile they also encounter some challenges, like competitive oil market,their weak competitiveness and so on.Private oil enterprises should seize opportunities and overcome challenges timely, and take some strategic measures, such as, to strengthen the construction of enterprise clusters, to share oil sources and so on.AU the measures is aim to promote the rapid and healthy development of the companies.%近年来,我国民营油企日益受到政府的重视,成为国民经济中一个重要的组成部分.活跃在国内外石油市场的民营石油企业,面临着政府政策的倾斜、高油价及大型石油企业寻求合作等机遇,同时,也遇到了国内外石油市场竞争日益激烈、民营油企自身竞争力弱等诸多挑战.民营油企应适时抓住机遇、迎接挑战,采取加强企业集群建设、以股权换油源等相应的战略措施,促进自身健康迅速的发展.

  20. Hydrothermal alteration at the Roosevelt Hot Springs thermal area, Utah: characterization of rock types and alteration in Getty Oil Company well Utah state 52-21

    Energy Technology Data Exchange (ETDEWEB)

    Ballantyne, G.H.

    1978-11-01

    Getty Oil Company well 52-21 in the Roosevelt Hot Springs thermal area was drilled to 7500 feet in predominantly upper amphibolite facies metamorphic rocks. All lithologies in the drill hole are pervasively but weakly altered: the alteration assemblage is chlorite + sericite + clays with occasional traces of calcite, above 2300 feet, and chlorite + sericite + clays + calcite +- epidote below 2500 feet. A zone of increased alteration intensity from approximately 1800 feet to 2300 feet occurs within and adjacent to a dacite dike which cuts the metamorphic rocks. A second zone of stronger alteration extends from 6000 feet to the bottom of the drill hole. The drill hole which is located approximately 5000 feet south of the center of the silica apron known as the Opal Mound was apparently drilled beyond the influence of acid, high-sulfate brines such as have affected the upper portions of drill holes 72-16, 76-1 and University of Utah 1A and 1B.

  1. 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)

    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

  2. Permeability measuremens of brazilian Eucalyptus

    OpenAIRE

    Marcio Rogério da Silva; Gilmara de Oliveira Machado; Jay Deiner; Carlito Calil Junior

    2010-01-01

    The permeability of Brazilian Eucalyptus grandis and Eucalyptus citriodora wood was measured in a custom build gas analysis chamber in order to determine which species could be successfully treated with preservatives. Liquid permeability was tested using an emulsion of Neen oil and a control of distillated water. Air was used to test the gas phase permeability. For both Eucalyptus grandis and Eucalyptus citriodora, the longitudinal permeability of gas was shown to be about twice as great as t...

  3. Impact of wastewater discharge from an oil company on the phytoperiphyton community of Acacias river (Meta, Colombia) during raining season

    OpenAIRE

    Néstor F. Vera-Parra; Lili J. Marciales-Caro; Angélica M. Otero-Paternina; Pablo E. Cruz-Casallas; Yohana M. Velasco-Santamaría

    2011-01-01

    The aim of this study was to determine the effects of water associated with the oil industry production, which is discharged into the Acacias River, Meta - Colombia. For this purpose, the abundance and richness of the phytoperyphyton community and the effects on physical and chemical water variables of the tributary receiving the wastewater discharges were evaluated throughout an evaluation of the algae communities associated with rocky substrates during the rainy season (July 27 to August 10...

  4. 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)

  5. Enhance the Oil Companies to Explore the Idea of Administrative Efficiency%提升石油企业行政管理效率的思路探讨

    Institute of Scientific and Technical Information of China (English)

    曾源

    2014-01-01

    行政管理承担着运转协调和日常管理的重要作用。从概述石油企业行政管理工作出发,在研究、分析了提升石油企业行政管理效率的现实意义和石油企业行政管理现状的基础上,从三大方面提出了提升石油企业行政管理效率的措施,以期带动企业良性发展。%Administration plays an important role in the coordination and daily management of the operation. From an overview of the administration of the oil companies in the study, the analysis of the oil companies to enhance the administrative efficiency of practical significance and oil companies on the administrative status of the proposed measures to improve the administrative efficiency of the oil companies from the three aspects in order to promote healthy development of enterprises.

  6. 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

  7. Brazilian gemstones

    Science.gov (United States)

    Franco, Rui Ribeiro

    1981-04-01

    Brazil counts as a gemmological province because of the variety of gem minerals present in the country. Most Brazilian states and territories produce gemstones, the State of Minas Gerais being the most important producer both in volume and in number of species. Diamonds are chiefly derived by panning from alluvial deposits in Minas Gerais, Mato Grosso and Goiás. Among other gemstones, the most important are aquamarines, beryls, chrysoberyls, topazes, amethysts, tourmalines, emeralds and agates, and their respective varieties. The occurrences of these gemstones, as well as of a great number of others, are described for each state in which they are found.

  8. The Analysis of the Profit of Oil Companies Based on Factor Analysis Method%基于因素分析法的石油企业利润影响因素分析

    Institute of Scientific and Technical Information of China (English)

    龚攀; 刘金兰; 张婷婷

    2011-01-01

    文章以因素分析法为基础,对影响石油企业收入的总销量,流向比例,汽柴比,牌号比例,到位价格率和到位价格等因素进行深入的分析探讨,这对于石油企业指导日后的生产经营情况,具有一定的参考价值.%In the paper, based on factor analysis method, we study and analyze all factors of affecting oil companies' income in depth, such as total sales, the ratio of sales, the ratio of petrol sales and diesel oil sales, the ratio of kind, place price rate and place price. It has reference value to some extent for oil companies to guide the future production and operation.

  9. 石油企业海外投资风险预警研究综述%Review of Early Warning Research on Overseas Investment Risk of Chinese Oil Companies

    Institute of Scientific and Technical Information of China (English)

    杨嵘; 王丽君

    2016-01-01

    随着我国石油企业海外投资规模的不断扩大,我国石油企业海外投资面临的风险也越来越大。如何预警这些风险、避免损失也就成为石油企业海外投资必须重视和解决的问题。对此,在梳理了我国专家学者关于石油企业海外投资风险预警各种观点的基础上,重点从风险识别、风险评估和风险预警三个方面,阐述了我国石油企业海外投资风险的预警措施,并提出了未来我国石油企业海外投资风险的预警研究重点和方向。%With the increasing expansion of overseas investment scale,Chinese oil Companies are facing bigger and bigger risks in the overseas investment. How to give an early warning to these risks and avoid the losses has become an important problem that needs to be emphasized and solved in oversea investment of Chi-nese oil companies. Therefore,based on the analysis of scholarsˊdifferent views about the early warning in the overseas investment of Chinese oil companies,the paper mainly explained the early warning measures of over-seas investment of Chinese oil companies from three aspects:risk identification,risk assessment,and risk early warning,and also pointed out the future early warning research focuses and direction of Chinese oil companiesˊoverseas investment risk.

  10. 我国油企与乌兹别克油气市场的合作策略选择%Cooperation Strategies Between Chinese Oil Companies and Uzbekistan Oil and Gas Market

    Institute of Scientific and Technical Information of China (English)

    余冠军; 黄瑾; 颜玉川

    2015-01-01

    乌兹别克斯坦油气资源较为丰富,是其独立之后依靠自身资源搞建设的重要依托。随着中国能源战略的变化,近年来我国部分油企先后进入该国市场,随着我国“一带一路”(“丝绸之路经济带”和“21世纪海上丝绸之路”)发展战略的提出,中国和乌兹别克斯坦的能源利益联系必然更加紧密。但是,由于乌兹别克斯坦的油气储量较为丰富但开发不足,同时政治相对保守,市场经济体系尚未建立,我国油企进入乌兹别克斯坦市场遇到诸多困难,因此,从政治、社会安全及宏观经济运行等方面研究乌兹别克斯坦的市场特点,探索与该国的油气合作策略十分必要。我国油企与乌兹别克斯坦油气市场合作应该从利用政府间友好关系开辟油气合作市场、合理规避法律陷阱、探寻多种合作模式、主动承担一定的社会责任、加强人才培养和储备等方面入手。%Oil and gas resources are abundant in Uzbekistan,which are an important resources support for the construction after its independence. After the development strategy of One Belt and One Road(Silk Road Economic Belt and the 21st Century Maritime Silk Road)was put forward,China and Uzbekistan will certainly have a closer relationship in energy interests. However,Chinese oil companies have encountered lots of difficulties when entering Uzbekistan market for the following reasons:underdeveloped Uzbekistan oil and gas in spite of its rich reserve,conservative politics and the unestablished market economic system. Therefore,it is necessary to explore the cooperation strategies between China and Uzbekistan by studying the characteristics of Uzbekistan market from the aspects of politics,social security and macro-economy operation and so on. This paper suggests that the cooperation between Chinese oil companies and Uzbekistan oil and gas market should start from opening up the oil and gas

  11. 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.

  12. Effects of Security and Privacy Concerns on using of Cloud Services in Energy Industry, an Oil and Gas Company: A Case Study

    Directory of Open Access Journals (Sweden)

    Alireza Poorebrahimi

    2015-11-01

    Full Text Available 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 the most part, the industry has opted to use cloud for generic purposes. Generic business functions like payroll process and procurement are being run through the cloud, along with customer relationship management, likely through software-as-a-service offerings that have become well-known. Security is as much of an issue in the cloud as it is anywhere else. Different people share different point of view on cloud computing. Some believe it is unsafe to use cloud. Cloud vendors go out of their way to ensure security. This paper aims to understand the effects of security and privacy concerns on educational use of cloud services. This proposed a research model based on Ajzen’s (1991 Theory of Planned Behavior (TPB. Following the TPB, the research developed a model, which posits that staff attitudes predicted by security and privacy perceptions and behavioral intentions are predicted by attitudes towards using cloud services. The Model was assess the based on the data collected by means of survey questionnaires. Results supported the proposed model, validating the predictive power of the TPB.

  13. Assessing redox potential of a native tree from the Brazilian Atlantic Rainforest: a successful evaluation of oxidative stress associated to a new power generation source of an oil refinery.

    Science.gov (United States)

    Esposito, Marisia Pannia; Pedroso, Andrea Nunes Vaz; Domingos, Marisa

    2016-04-15

    The antioxidant responses in saplings of Tibouchina pulchra (a native tree from the Brazilian Atlantic Rainforest) exposed around an oil refinery in the city of Cubatão (SE Brazil), varied during the exchange of its power generation source, from boilers fueled with oil to a thermoelectric fueled with natural gas. The redox potential changed in response to an interaction of air pollution and meteorological parameters, indicating that the pro-oxidant/antioxidant balance was not reached after the exchange of the power generation system. The gain in environmental quality in the region was not achieved as expected due the technological modernization, at least relative to oxidative stressors. These conclusions were based on results of analyses of enzymatic antioxidants: superoxide dismutase (SOD), ascorbate peroxidase (APX), catalase (CAT), glutathione reductase (GR); non-enzymatic antioxidants: reduced, oxidized and total ascorbic acid (AsA, DHA, totAA) and glutathione (GSH, GSSG, totG), their redox state (AsA/totAA and GSH/totG) and an indicator of lipid peroxidation (MDA). We also applied exploratory multivariate statistics in order to verify if the temporal sequence of changes in the plant redox capacity coincided with changes in the profile of air pollution, climatic conditions or with their interactions and if the environmental benefits that would supposedly be promoted by the mentioned exchange of power generation system were achieved in the region. PMID:26851758

  14. Four state companies are markedly different

    International Nuclear Information System (INIS)

    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

  15. 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

  16. Brief Introduction of PetroChina Fushun Petrochemical Company

    Institute of Scientific and Technical Information of China (English)

    2003-01-01

    @@ PetroChina Fushun Pertrochemical Company (PFPC) is a large-scale integrated petrochemical complex, which owns three oil refineries, three large and medium-size chemical plants and one company for storage and transportation of oil products.

  17. 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.

  18. 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)

    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 226Ra. 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 m3. 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)

  19. 中国油企对非直接投资问题%China Oil Companies:Issues of Investment in Africa

    Institute of Scientific and Technical Information of China (English)

    王晓东

    2014-01-01

    In order to adapt to domestic city and industrialization pace accelerate ceaselessly,Chinese petroleum enterprises direct investment to Africa,helps to solve the domestic petroleum resource supply is becoming increasingly tight situation. The article uses the standard analysis method, Status of Chinese oil companies from direct investment in Africa,conditions,problems begin to analyze,finally the path selection are discussed,the specific method:it can increases the fund support,to speed up personnel training speed and the construction of risk prevention system to proceed.%中国石油企业对非洲直接投资,有利于解决国内石油资源供应日益紧张的局面。本文采用规范的分析方法,从中国石油企业对非洲直接投资的现状、条件、问题着手进行分析,对路径选择进行探讨,认为应加大资金支持,加快人才培养,构建风险防范体系。

  20. 干油喷射式润滑在连轧管机组设备上的应用%The Application of Dry oil Sprays Lubrication in The Company Tube Rolling Train

    Institute of Scientific and Technical Information of China (English)

    张力

    2011-01-01

    介绍了干油喷射式润滑系统的原理、技术特。最,以及该系统在连轧管机组设备上的成功应用。%In this paper, the author introduced principle and features of dry oil sprays lubrication system, and the application of the system in the company tube rolling train.

  1. Restruturação produtiva, programas da qualidade e certificações ISO 9000 e ISO 14000 em empresas brasileiras: pesquisa no setor químico/petroquímico Productive reorganization, quality programs and ISO 9000 and ISO 14000, certifications in brazilian companies: a research in chemical/petrochemical industry

    Directory of Open Access Journals (Sweden)

    José Luiz M. Carvalho

    2000-12-01

    Full Text Available Este trabalho apresenta os resultados de uma pesquisa exploratória realizada entre empresas químicas e petroquímicas brasileiras. Nessa pesquisa, feita através de questionários enviados aos responsáveis pelo Setor de Qualidade das empresas, conheceu-se alguns aspectos do processo de restruturação por que passaram, além de avaliar o estado das mesmas em relação às certificações ISO 9000 e ISO 14000 e à implantação de Programas da Qualidade, investigando também algumas questões específicas sobre cada um desses tópicos. Os dados obtidos correspondem a 25 empresas, na sua maioria líderes no mercado em que atuam, e mostram, dentre outros resultados, uma ampla difusão da ISO 9000 e dos Programas da Qualidade e a tendência crescente de adoção da ISO 14000.This paper presents the results of an exploratory research made among Brazilian chemical and petrochemical companies, answered by companies' Quality Departments. This survey investigates the actual conditions of ISO 9000 and ISO 14000 certifications, the quality programs adopted by mentioned companies, and some specific questions about each of these topics. Some aspects of their productive reorganization process are also examined, including outsourcing. The results are related to 25 companies, mostly leaders in their local markets. A large difusion of ISO 9000 certification and quality programs is found among local leader companies, and also a growing tendency of ISO 14000's certification's adoption.

  2. HEAVY OIL DEVELOPMENT KEY TO CHINA'S OIL PRODUCTION GROWTH

    Institute of Scientific and Technical Information of China (English)

    Ma Chunpeng

    2006-01-01

    @@ How to raise the heavy oil production rate has long been a difficult research project focused by international oil giants while the super-heavy oil development is particularly a world-class bottleneck for many oil producers. However, China's main oil companies will give priority to heavy oil exploration and production in the next decade to meet China's increasing energy needs.

  3. 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)

  4. Oil integration

    International Nuclear Information System (INIS)

    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

  5. SICHUAN GEOPHYSICAL COMPANY

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ Sichuan Geophysical Company (SCGC) remains a leading part of SPA CNPC.Through 50 years' development,it has evolved into the largest oil and gas enterprise in West China with technical services for seismic exploration.It can serve full mountain seismic exploration in diverse and complex regions for clients both at home and abroad.

  6. SICHUAN GEOPHYSICAL COMPANY

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ Sichuan Geophysical Company(SCGC) remains a leading part of SPA CNPC. Through 50 years' development, it has evolved into the largest oil and gas enterPrise in west China with technical services for seismic exploration. It can serve full mountain seismic exploration in diverse and complex regions for clients both at home and abroad.

  7. Sichuan Geophysical Company

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    @@ Sichuan Geophysical Company (SCGC)remains a leading part of SPA CNPC. Through 50 years' development ,it has evolved into the largest oil and gas enterprise in west China with technical services for seismic exploration.It can serve full mountain seismic exploration in diverse and comples regions for clients both at home and abroad.

  8. Royal Dutch Petroleum Company annual report 1992

    International Nuclear Information System (INIS)

    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

  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. 国内航运企业燃油成本管控现状及对策分析%The Managing Status Quo and Countermeasures of Fuel Oil Cost about Domestic Shipping Companies

    Institute of Scientific and Technical Information of China (English)

    袁帅

    2012-01-01

    The essay starts with the basic theories of logistic project management. By means of evidence-based research and analysis combined with the trend of domestic and foreign marine fuel oil market situation and the properties of shipping and logistics industries, research and investigation are made on the status quo of marine fuel oil management of one large-scale container liner so as to decide on the appropriate marine filel oil cost management strategy for domestic shipping companies.%从物流工程管理的基本理论出发,结合国内外燃油市场的形势和航运业的特点,时国内某大型集装箱航运公司燃油成本管控现状进行分析,并提出了适合国内航运企业的燃油成本管控策略。

  11. 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.

  12. Characterize the import players of Brazilian women's swimwear

    OpenAIRE

    Cristiano Henrique Antonelli Da Veiga; Ana Elizabeth Moiseichyk; Tônia Magali Moraes Brum; Darcila Brum Da Veiga

    2012-01-01

    The extensive Brazilian littoral combined with a culture of its use as a means of entertainment provided to the country the emergence of several companies specializing in the production and marketing of swimwear. However, there is a group of customers looking for imported products, even in this segment. Thus, this study aimed to characterize the import of Brazilian women's swimwear, which is investigating its importance and participation in the international context and the need for knowledge...

  13. Nationalizing Oil in the 1970s

    OpenAIRE

    Dean Goodermote; Mancke, Richard B

    1983-01-01

    National oil companies emerged during the 1970s as an important force within both oil-exporting and oil-importing countries. By 1980 they were producing and marketing well over half the crude oil available for sale on world markets. These oil companies prospered within oil-exporting countries as events increasingly confirmed that the principal source of economic power in the oil business was sovereign control over oil reserves rather than private control over technical, managerial, and capita...

  14. The Brazilian Experience

    Energy Technology Data Exchange (ETDEWEB)

    Agostini, Antonio Carlos S. de

    1998-12-31

    This presentation discusses the technology and experience of Petrobras in the development of deep-water exploitation off the coast of Brazil. The company recently found important oil deposits in waters over 300 m deep in Campos Basin, the main petroleum province in Brazil, located offshore Rio de Janeiro State. It is estimated that 50% of the new discoveries will take place in waters deeper than 1000 m. Unlike other companies, Petrobras made an option to develop its offshore fields by means of sub-sea equipment and floating production units. This was possible mainly because of the characteristics of the reservoirs and the mild environmental conditions in Campos Basin. Petrobras has 288 subsea trees on the seabed, 48 subsea manifolds and 21 floating production units in operation. The company has constantly moved on to deeper and deeper waters and by the end of 1998 a new milestone will be achieved with a Roncador field subsea well at 1853 m. Procap-2000, a strategic research and development corporate programme for ultra-deep water technology, was developed. Other innovations by Petrobras are also discussed. 3 figs.

  15. Analysis of tert-butyldimethylsilyl derivatives in heavy gas oil from Brazilian naphthenic acids by gas chromatography coupled to mass spectrometry with electron impact ionization.

    Science.gov (United States)

    Vaz de Campos, Maria Cecília; Oliveira, Eniz Conceição; Filho, Pedro José Sanches; Piatnicki, Clarisse Maria Sartori; Caramão, Elina Bastos

    2006-02-10

    Naphthenic acids, C(n)H(2n+Z)O(2), are a complex mixture of alkyl-substituted acyclic and cycle-aliphatic carboxylic acids. The content of naphthenic acids and their derivatives in crude oils is very small, which hinders their extraction from matrixes of wide and varied composition. In this work, liquid-liquid extraction, followed by solid phase extraction with an ion exchange resin (Amberlyst A-27) and ultrasound desorption were used to isolate the acid fraction from heavy gas oil of Marlim petroleum (Campos, Rio de Janeiro, Brazil). The analysis was accomplished through gas chromatography coupled to mass spectrometry with electron impact ionization, after derivatization with N-methyl-N-(tert-butyldimethylsilyl)trifluoracetamide (MTBDMSTFA). The results indicate the presence of carboxylic acids belonging to families of alicyclic and naphthenic compounds which contain up to four rings in the molecule. PMID:16439253

  16. ANALYSIS OF THE RELATIONSHIP BETWEEN DISCLOSED VOLUME OF INVESTMENT IN INFORMATION SYSTMES AND MARKET VALUE OF OPEN CAPITAL BRAZILIAN COMPANIES IN THE ELECTRIC ENERGY SECTOR ANÁLISE DA RELAÇÃO ENTRE VOLUME DE INVESTIMENTOS EM SISTEMAS DE INFORMAÇÃO DIVULGADOS E VALOR DE MERCADO DAS EMPRESAS BRASILEIRAS DE CAPITAL ABERTO DO SETOR DE ENERGIA ELÉTRICA

    Directory of Open Access Journals (Sweden)

    Cássia Maria Gurgel Marinho Fernandes

    2007-07-01

    Full Text Available The objective of this article is to identify how the market value of open capital Brazilian companies behaves in light of investment in information systems. The research sample consists 10 open capital Brazilian companies in the electric energy sector that had their administrative reports published on the site: Comissão de Valores Mobiliários, between 1997 and 2004. Investments in information system was identified on the companies’ Administration Report by the following terms: information system, information technology, generation work, electric energy distribution and transmit ion, system’s expansion, maintenance and security, telecommunications, electronic trades, e-business, Companies Resources Planning (CRP and professional practice and development. The methodology used involved log-linear returns estimated by Ordinary Least Squares (OLS for information in panel data, in which there is a combination of temporary series with transversals information (cross-section. In order to guarantee strong results, three types of panel data were tested. The research results emphasize the hypothesis H1, in which the value invested in information systems, circulated in the annual administration reports of open capital Brazilian electric energy block companies, affects the market value of these companies. The hypothesis H2, in which the magnitude of variation of this value it is a function of the variation in investment in information systems was rejected by this research. Keywords: Information system. Investment. Market value. Este trabalho tem o objetivo de identificar como o valor de mercado das empresas brasileiras de capital aberto se comporta diante de mudanças nos investimentos em sistemas de informação. A amostra da pesquisa é composta por 10 empresas brasileiras de capital aberto do setor de energia elétrica que possuem seus relatórios administrativos publicados no sítio da Comissão de Valores Mobiliários (CVM, no período de 1997 a

  17. CAOHC RESTRUCTURE AVIATION OIL CORPORATION WITH BIG-TWO OIL GIANTS

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ China National Petroleum Corporation (CNPC),China Petrochemical Corporation (Sinopec) and China Aviation Oil Holding Company (CAOHC)signed a framework agreement in Beijing on November 8, 2004 to establish a limited aviation oil company on the basis of China Aviation Oil Supply Corporation, one of CAOHC's core companies. The new company is expected to be set up in 2005.

  18. 盘活涉外石油企业钻井工程师资源的思考%How to Make Efifcient Use of Drilling Engineers in Oversea Oil Companies

    Institute of Scientific and Technical Information of China (English)

    王建宁; 韩丽萍

    2015-01-01

    目前国际油气行业进入低谷期,涉外石油企业钻井工程师出现大量冗员.如何化解冗员、盘活人力资源成了当前这些涉外企业的一大课题.本文通过认真分析目前涉外钻井工程师队伍存在的人员数量、年龄结构和知识层次等几方面问题,对盘活这部分人力资源进行了深入的思考;并从拓宽用人渠道、优化队伍结构、增强队伍能力等方面提出了相应的对策.%With the international oil and gas industry at its rock bottom, oil companies are facing high levels of redundancy in drilling engineers in their overseas business. A major challenge for these companies currently is how to handle the redundancy and make efficient use of human resource. The paper provides a thoughtful look into how to make efficient use of drilling engineers in these companies through a careful analysis of current problems in staffing level, age structure and knowledge level. Appropriate measures are also proposed, including opening up new enrollment channels, optimizing staff structure and enhancing the competence of staff.

  19. Gestão de processos, indicadores analíticos e impactos sobre o desempenho competitivo em grandes e médias empresas brasileiras dos setores da indústria e de serviços Process management, analytical indicators, and impacts on competitive performance at large and midsized brazilian companies in the industry and services sectors

    Directory of Open Access Journals (Sweden)

    Marcelo Bronzo Ladeira

    2012-01-01

    Full Text Available Este artigo compila os principais achados de uma pesquisa cujo objetivo foi o de investigar a natureza dos relacionamentos entre os construtos de orientação para processos de negócio (business process orientation - BPO, indicadores analíticos e desempenho competitivo de uma amostra de 368 empresas brasileiras, de grande e médio portes, atuantes em diferentes setores da indústria e de operações de serviços no âmbito da economia brasileira. Por meio de um survey, a pesquisa envolveu o teste de hipóteses e uso de técnicas de estatística bivariada e multivariada. Foram realizados testes para se mensurar a consistência interna das escalas do instrumento de pesquisa, bem como para se avaliar a composição estrutural do modelo, por meio da modelagem de equações estruturais. As escalas e o modelo foram validados. Os resultados apontam a importância estratégica dos fatores de BPO e de indicadores analíticos como preditores do desempenho competitivo das empresas. Por meio da equação estrutural do modelo, esses fatores preditores foram capazes de explicar 66,3% das variações do desempenho das empresas da amostra, sendo igualmente significativos os efeitos diretos (coeficientes de caminho verificados entre os construtos da BPO, indicadores analíticos e desempenho.This article compiles the main findings of a study that aimed to investigate the nature of the relationships between business process orientation (BPO constructs, analytical indicators, and competitive performance from a sample of 368 large and midsized Brazilian companies that are present in different sectors of industry and services operations within the Brazilian economy. By means of a survey, this research involved the use of hypothesis testing and bivariate and multivariate statistical techniques. Tests were carried out to measure the internal consistency of the research tool scales as well as to assess the model structure using structural equation modeling. Both the

  20. 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)

  1. The geostatistics of the metal concentrations in sediments from the eastern Brazilian continental shelf in areas of gas and oil production

    Science.gov (United States)

    Aguiar, Jose Edvar; de Lacerda, Luiz Drude; Miguens, Flavio Costa; Marins, Rozane Valente

    2014-04-01

    Geostatistical techniques were used to evaluate the differences in the geochemistry of metals in the marine sediments along the Eastern Brazilian continental margin along the states of Ceará and Rio Grande do Norte (Northeastern sector) and Espírito Santo (Southeastern sector). The concentrations of Al, Fe, Mn, Ba, Cd, Cu, Cr, Ni, Pb, V, Hg, and Zn were obtained from acid digestion and quantified using flame atomic absorption spectrometry (AAS), inductively coupled plasma mass spectrometry (ICP-MS) and inductively coupled plasma atomic emission spectrometry (ICP-AES). The metals showed a similar order of concentration: Al > Fe > Ba > Mn > V > Ni > Pb > Cr > Zn > Cu, in both the Ceará; and Rio Grande do Norte shelf regions but different in the Espírito Santo shelf (Fe > Al > Mn > Ba > Zn > V > Cr > Ni > Pb > Cu. The concentrations of Hg and Cd were below the detection limit in all areas. A multivariate analysis revealed that the metals of siliciclastic origin on the continental shelf of Ceará are carried by Al. In addition, a large portion of metal deposits is connected to the iron and manganese oxides on the continental margin of Rio Grande do Norte. The metals from the continental supply on the coast of Espírito Santo (Cu, Ni, Ba, and Mn) are associated with Al; whereas Cr, Pb, V, and Zn are associated with iron in this southern area. Geochemical evaluations are needed to distinguish the origin and mineralogical differences of marine sediments within the regions. Scanning electron microscopy/energy dispersive spectrometry (SEM/EDS) applied to the sediments from the coast of Ceará showed the morphological diversity of sediment grains: biological fragments, multifaceted particles, aggregates, and crystals occurred in the three regions analyzed. Among these grains, calcite, Mg-calcite, and aragonite were predominant in the northeastern sector, whereas silicates and other minerals were predominant the southeastern sector. Mg, K, Ti, and Zr as well as the

  2. Brazilian minerals annual report

    International Nuclear Information System (INIS)

    Statistics of Brazilian mineral resources and production in 1976 are presented. Data included refer also to economic aspects, market, taxes, governments incentives, manpower, exportation, importation, etc

  3. Brazilian minerals annual report

    International Nuclear Information System (INIS)

    Statistics of Brazilian mineral resources and production in 1977 are presented. Data included refer also to economic aspects, market, taxes, government incentives, manpower, exportation, importation, etc

  4. On the Brazilian energetic situation 1970 - 2030

    International Nuclear Information System (INIS)

    In this paper we report, first, the Brazilian energy situation from the major oil crisis in the 1970s.Next, we discuss the period from the 1980s until 2005.Finally, it is projected scenarios from recent past (2005-2013), to the future that begins today and runs until 2030.This is a work for educational purposes, in which we provide compiled data for school research in all levels. (author)

  5. 石油企业国际化人才专题培训体系思考%Relfections on the Mechanism of Special Subject Training for Talents with Global Vision in Oil Companies

    Institute of Scientific and Technical Information of China (English)

    安娟

    2015-01-01

    There are certain unique background features in the training of talents with global vision in China’s oil companies:compared with staff in western oil multinationals, they fall short considerably in language proficiency, management competence, and personal quality. The training focus should be on the soft skills like the personal qualities and management competencies of the staff members.%中国石油企业国际化人才培训具有特定的背景,目前与西方跨国石油公司人员相比在语言、管理能力和个人素质上差距较大。人员素质、修养与管理能力等“软”素质的提高是培训重点。

  6. Gestão do desenvolvimento de produto em empresas de pequeno e médio porte do setor de máquinas e implementos agrícolas do Estado de SP Product development process management in small and medium-sized Brazilian companies in the agricultural machinery and implement industry sector

    Directory of Open Access Journals (Sweden)

    José Carlos de Toledo

    2010-01-01

    The product development process (PDP, if well-structured and managed, can become a business process that directly influences the companies' competitiveness increase. The PDP in Brazilian SMEs in the agricultural machinery and implement industry Sector (AMI is little known since most publications on product development focuses on the reality of large and multinational companies, which have a quite different structure from SMEs. The purpose of this paper is to characterize and analyze the management maturity profiles of the product development process in small and medium sized Brazilian companies in the agricultural machinery and implement industry sector located in the state of São Paulo. Therefore, the addressed actions of PDP improvements in those companies can be undertaken. A survey research was conducted in 40 companies. An in loco interview was applied to the respective individual in-charge of PDP by means of a structured questionnaire. For the data analysis, descriptive statistics and the multivariate cluster analysis techniques were used. The findings indicated that the SMEs in AMIs of the state of Sao Paulo present a heterogeneous structure with respect to PDP management. Three groups of companies were identified in the sample with different maturity PDP profiles: Group I (20% of companies in the sample, Group II (50% of the sample, and Group III (30% of the sample. Differences in the management of PDP were observed, especially among companies of Group I (smallest level of PDP maturity and Group III (highest level of PDP maturity. However, despite the differences in PDP management presented in the groups of companies, according to the literature on PDP management, all groups are in the basic (initial maturity level of PDP. The identification of the maturity level, in which these companies are, can help the determination of activities that link the internal actions to improve the PDP of these companies and the proposal of specific public policies that encourage the

  7. KEY FACTORS IN WORKING CAPITAL MANAGEMENT IN THE BRAZILIAN MARKET

    Directory of Open Access Journals (Sweden)

    Wilson Toshiro Nakamura

    2012-01-01

    Full Text Available Many studies have been conducted in corporate finance regarding long-term investment and financing decisions. However, short-term asset investments play a significant role in the balance sheet of companies. Moreover, financial managers dedicate significantamounts of time and effort to the subject of working capital management, balancing current assets and liabilities. This paper provides insights regarding the key factors of working capital management by exploring the internal variables of a number of companies. This study used data from 2,976 Brazilian public companies from 2001 to 2008, and found that debt level, size and growth rate can affect the working capital management of companies.

  8. 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)

  9. CHANGQING OILFIELD COMPANY PROMOTES COOPERATION WITH FOREIGN COMPANIES

    Institute of Scientific and Technical Information of China (English)

    Di Guanglong; Li Dongxun

    2001-01-01

    @@ PetroChina Changqing Oilfield Company has vigorously promoted cooperation with foreign companies in oil and gas exploration and development in Orodos basin. In partnership with US-based Halliburton International Inc., Baker Hughes Inc., Schlumberger Ltd. and BJ Corporation,the company has carried out acidizing and fracturing design and operation for almost 30 wells with acquisition of the equipment. The cooperation has achieved satisfactory results. At present, the company is under negotiation with Exxon-Mobil Corporation and Chevron Corporation on the cooperative natural gas development and application of Sulige and Mizhi gas fields. A large number of first-class international petroleum companies have expressed their great interest and willingness to cooperate with Changqing Oilfield Company. On 30 July, the Asian Exchange Association based in Japan sent a 24-member delegation to Changqing on its fourth tour to seek business opportunities.

  10. Sinopec Intends to Buy Canadian Energy Company

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ Sinopec, China's biggest oil refiner and one of the big-thSinopec, China's biggest oil refiner and one of the big-three oil companies in the country, was reportedly in talks with Hutchison Whampoa and its controlling shareholder Li Ka-shing to buy all or part of their controlling stake in Canada's Husky Energy at the present time.

  11. 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

    OpenAIRE

    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 economic sustainability in the 21st century. It is also agreed that to innovate is essential for this industry make the necessary advancements and to reconcile the firms´ interests of being profitable, in the short-term,...

  12. The Corporate Governance of Privately Controlled Brazilian Firms

    Directory of Open Access Journals (Sweden)

    Érica C. R. Gorga

    2009-09-01

    Full Text Available We provide an overview of the corporate governance practices of Brazilian public companies, based primarily on an extensive 2005 survey of 116 companies. We focus on the 88 responding Brazilian private firms which are not majority owned by the state or a foreign company. We identify areas where Brazilian corporate governance is relatively strong and weak. Board independence is an area of weakness: The boards of most Brazilian private firms are comprised entirely or almost entirely of insiders or representatives of the controlling family or group. Many firms have zero independent directors. At the same time, minority shareholders have legal rights to representation on the boards of many firms, and this representation is reasonably common. Financial disclosure lags behind world standards. Only a minority of firms provide a statement of cash flows or consolidated financial statements. However, many provide English language financial statements, and an English language version of their website. Audit committees are uncommon, but many Brazilian firms use an alternate approach to ensuring financial statement accuracy – establishing a fiscal board. A minority of firms provide takeout rights to minority shareholders on a sale of control. Controlling shareholders often use shareholders agreements to ensure control.

  13. Conservadorismo contábil e timeliness: evidências empíricas nas demonstrações contábeis de empresas Brasileiras com ADRs negociados na bolsa de Nova Iorque Accounting conservatism and timeliness: empirical evidence in financial statements of Brazilian companies with ADRs traded on the New York stock exchange

    Directory of Open Access Journals (Sweden)

    Luis Sérgio Ribeiro dos Santos

    2008-12-01

    Full Text Available Este estudo investiga o nível de utilização do conservadorismo e da oportunidade (timeliness da informação contábil nas demonstrações contábeis de empresas brasileiras com ADRs negociados na Bolsa de Nova Iorque. Essas empresas apresentam suas demonstrações contábeis tanto conforme o modelo contábil brasileiro quanto segundo o norte-americano, atendendo às exigências da Securities and Exchange Commission (SEC. Os dados foram coletados compreendendo o período de 1999 a 2004 e aplicou-se o modelo de Basu (BASU, 1997 para a avaliação da oportunidade e do conservadorismo da informação contábil. Os resultados encontrados indicam que (1 não há diferenças no nível de utilização do conservadorismo e (2 o lucro contábil segundo o modelo brasileiro seria mais oportuno do que o norte-americano. Assim, as evidências contribuem para o atual debate sobre a inserção do Brasil no atual estágio de convergência de demonstrações contábeis.This study investigates the timeliness and the degree of conservatism in fi nancial statements disclosed by Brazilian companies with ADRs traded on the New York Stock Exchange. According to the Securities and Exchange Commission (SEC, those companies must disclose accounting information according to the Brazilian Generally Accepted Accounting Principles (BR GAAP as well as the United States Generally Accepted Accounting Principles (US GAAP. The data were collected between 1999 and 2004 and the Basu Model (BASU, 1997 was applied to evaluate earnings timeliness and conservatism. The results are: (1 there is no difference in earnings conservatism and (2 earnings according to the BR GAAP are more timely than those according to the US GAAP. The evidence contributes to the current debate about the role of Brazil in the current stage of the convergence process.

  14. Geopolitics. National companies become international. NOCs spread their wings

    Energy Technology Data Exchange (ETDEWEB)

    Forbes, A.

    2008-01-15

    Concern is mounting over access to oil and gas reserves. These concerns are fuelled by the resurgence of 'resource nationalism' as national oil companies (NOCs), holders of most such reserves, challenge the positions of international oil companies (IOCs), upstream and downstream. The issues raised are crucial to consuming regions increasingly dependent on imports, such as Europe.

  15. Geopolitics. National companies become international. NOCs spread their wings

    International Nuclear Information System (INIS)

    Concern is mounting over access to oil and gas reserves. These concerns are fuelled by the resurgence of 'resource nationalism' as national oil companies (NOCs), holders of most such reserves, challenge the positions of international oil companies (IOCs), upstream and downstream. The issues raised are crucial to consuming regions increasingly dependent on imports, such as Europe

  16. 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.

  17. Análise da relação entre gerenciamento de resultados e custo de capital em empresas brasileiras listadas na BM&FBOVESPA = Analysis of the Relationship Between Results-Based Management and Cost of Equity in Brazilian Companies Listed in BM&FBOVESPA

    Directory of Open Access Journals (Sweden)

    Geovanne Dias de Moura

    2016-04-01

    Full Text Available O estudo objetivou analisar a relação entre o gerenciamento de resultados contábeis e o custo de capital próprio e de terceiros em empresas brasileiras listadas na BM&FBovespa. Para tal, realizou-se pesquisa descritiva, conduzida por meio de análise documental e abordagem quantitativa dos dados referentes ao período de 2010 a 2013 de uma amostra composta de 217 empresas. Os resultados evidenciaram que houve elevação do custo de capital próprio. No que tange ao custo de capital de terceiros, quando analisado por meio da variável Kd, constatou-se que ocorreu uma pequena redução de 31,81% para 28,37%. Ao analisar o custo de capital de terceiros, por meio da variável Ki, constatou-se que houve aumento de 23,94% para 30,13%. Os resultados evidenciaram destaque para os gerenciamentos de baixas proporções, principalmente a partir do ano de 2011. Também entre as empresas analisadas aquelas com menor gerenciamento de resultados não apresentavam menor custo de capital próprio e de terceiros. The study aimed at analyzing the relationship between results-based management and the company's cost of equity and its third party in Brazilian companies listed in BM&FBovespa. To this end, a descriptive research was conducted through documentary analysis and quantitative analysis of the data from 2010 to 2013 from a sample of 217 companies. The results revealed that the cost of equity rose in the period of 2010 to 2013. With respect to the cost of third party, when analyzed by Kd variable, it was found out a slight decrease from 31,81% to 28,37%. When analyzing the cost of third party by Ki variable, it was noticed an increase from 23,94% to 30,13% between 2010 and 2013. As for management, the results showed significance for the low proportion managements, especially since 2011. The results also showed that, among the analyzed companies, those with lower results-based management did not have lower cost of equity and third party.

  18. Treatment Technology for VOC Emissions from Oil Refineries : Case study of measures taken to minimize VOC emissions at Swedish petrochemical companies to be appiled at Chineses Refineries

    OpenAIRE

    Odén, Hanna

    2010-01-01

    The aim of this thesis is to give suggestions on what measures to take to improve the VOC emission situation in refineries in Tianjin, China, through existing technologies in refineries in Sweden. This has been done by identifying the main places of leakage in oil refineries in Sweden, identifying what VOC compounds are emitted from the plants and the amounts emitted, mapping out different measures taken by oil refineries in Sweden to minimize VOC emissions, evaluating the different measures ...

  19. The Russian oil

    International Nuclear Information System (INIS)

    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

  20. Company analysis

    DEFF Research Database (Denmark)

    Jenster, Per V.; Hussey, David

    This volume looks at the company appraisal as a whole, examining the continuing need to appraise companies as part of the continuing strategy process. Building from a sound basis of theory, the text aims to be practical and to give guidance to senior managers and others involved in the strategy p...

  1. DIFFERENTIATED FINANCING SOURCES: THE IMPACT ON THE CAPITAL STRUCTURE OF BRAZILIAN SUGAR AND ALCOHOL COMPANIES FONTES DIFERENCIADAS DE FINANCIAMENTO: IMPACTO NA ESTRUTURA DE CAPITAL DE USINAS BRASILEIRAS DE AÇÚCAR E ÁLCOOL

    Directory of Open Access Journals (Sweden)

    Tatiana Albanez

    2009-10-01

    Full Text Available This paper analyzes the debt composition of sugar and ethanol companies from the center-south area of the country in five year-harvest (01/02, 02/03, 03/04, 04/05 and 05/06. It is tried to incorporate institutional factors to the capital structure analysis of the companies, such as the access to different sources, as well as to know the importance of those resources in the capital structure of the analyzed companies. Thus, it is tried to understand the participation of different financing lines used by the firms in their indebtedness, which are grouped in four categories: differentiated lines in national currency, differentiated lines in foreign currency, market lines in national currency and market lines in foreign currency. The research also tries to identify whether the companies used, in the analyzed period, the strategies of low debt and/or high liquidity to compensate the high interest rates of the national market. The sample is composed by 35 companies that process around 33% of the sugar cane of the country. The main results showed that the companies used mainly resources from differentiated lines in national currency and from market lines in foreign currency. It is also verified that, on average, the companies presented a debt level around 30%, in which prevails the use of long-term debt, and high liquidity levels through the period. It is noticed that the access to differentiated financing lines have influenced the financing decisions taken by the companies, since the use of these lines prevailed in all of the years, which ratifies the importance of including institutional factors in the capital structure analysis of the companies. Este artigo analisa a composição do endividamento de usinas de açúcar e álcool da região centro-sul do país em cinco anos-safra (01/02, 02/03, 03/04, 04/05 e 05/06. Procura-se incorporar fatores institucionais à análise da estrutura de capital das empresas, como o acesso a diferentes fontes de

  2. Oil Trading Centre to Reopen in Shanghai

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ Chinese oil companies will likely resume activities at the oil trading centre in Shanghai this year, a move to further liberalize the once tightly controlled oil market. The centre will trade forward contracts for refined oil products,including gasoline, diesel oil, kerosene and fuel oil, industrial sources said.

  3. CORPORATE SOCIAL RESPONSIBILITY PRACTICES AT BRAZILIAN FIRMS

    Directory of Open Access Journals (Sweden)

    Isabel Galego-Álvarez

    2014-01-01

    Full Text Available Corporate Social Responsibility practices have been on the rise in recent years in firms all over the world. Brazil, as one of the most important countries emerging on the international scene, is no exception to this, with more and more firms taking up these practices. The present study focuses on analyzing the corporate social responsibility practices that Brazilian companies engage into. The sample used is comprised of 500 firms grouped by geographical area; the theoretical framework is based on stakeholder and institutional theories; and the technique used for the analysis is the biplot, more specifically the HJ Biplot and cluster analysis. From the results obtained it is possible to infer that the CSR variables corresponding to environmental practices are more closely linked to companies located in the northern areas of Brazil. Social and community practices are related to companies primarily in the southern and northeastern regions of the country.

  4. Why Big Bad Oil?

    Science.gov (United States)

    Olien, Diana Davids; Olien, Roger M.

    1996-01-01

    Investigates the negative and hostile public opinion towards the oil industry, in general, and Standard Oil, in particular. Discovers that those most responsible for criticizing Standard Oil had an economic interest in doing so. Defends the company's record and refutes its critics' charges. (MJP)

  5. Norwegian company suppliers for the oil and gas exploitation in Norway and abroad 2003; Norske foretaks leveranser til olje- og gassutvinning i Norge og utlandet 2003

    Energy Technology Data Exchange (ETDEWEB)

    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

  6. Análise das Políticas de Incentivos Fiscais nos Municípios Brasileiros: o caso da instalação da Grendene no Município de Teixeira de Freitas = Analysis of the Tax Break policies in Brazilian municipalities: the case of the installation of Grendene Company in Teixeira de Freitas Municipality

    Directory of Open Access Journals (Sweden)

    Larissa Gabrielle Soares Marinho de Oliveira

    2014-12-01

    Full Text Available Os incentivos fiscais são mecanismos utilizados pelo Estado para atrair novos investimentos para sua região, com o intuito de gerar crescimento econômico. No entanto, não se sabe ao certo se a concessão desses benefícios realmente gera crescimento para as regiões e renda para a população. Nesse contexto, o objetivo deste estudo consiste em identificar eventuais impactos da política de incentivos fiscais adotada pelo município de Teixeira de Freitas no crescimento e na geração de renda para a população. Para isso, foi utilizada a análise documental e métodos estatísticos. Foram analisadas variáveis que são influenciadas pela concessão dos incentivos fiscais, tais como o PIB, admissões e desligamentos no período, comportamento das indústrias, arrecadação e repasse de ICMS e repasse de IPI, bem como o recente levantamento do IBGE sobre o perfil dos municípios brasileiros. De modo geral, os dados apontaram para um crescimento econômico do município, o que tende a corroborar a premissa de cunho teórico de que os incentivos fiscais efetivamente geram crescimento econômico. Porém, não se pode afirmar, somente a partir da realização desta pesquisa, que tal crescimento foi gerado pela concessão de incentivos fiscais. Nesse sentido, o presente estudo contribui para tornar esse assunto mais evidente e fomentar novas pesquisas. Tax incentives are mechanisms used by the State to attract new investments for generating economic growth in its region. However, no one knows for sure if the granting of such benefits actually creates growth for the regions and income for the population. In this context, this study aims at identifying whether the tax incentive policies adopted by the city of Teixeira de Freitas, Bahia State, Brazil, for installing the Grendene S.A. company (Brazilian company of shoe manufacturing has brought economic growth to the city and generated income for the population. For this purpose, documentary analysis

  7. Comic-book Crás!: Brazilian Comics and Publishing Industry

    Directory of Open Access Journals (Sweden)

    Waldomiro Vergueiro

    2011-12-01

    Full Text Available This article has the objective of rescuing the trajectory of Brazilian comics in the 1970s, a period considered of special relevance for the advancement of the sequential graphic art in Brazil. In this period, initiatives of small publishing companies located in some Brazilian states can be seen, and, also, the efforts of big publishing companies to publish national material. As a case study, it presents the Crás! magazine, produced by Editora Abril of São Paulo, that congregated veteran and young gifted professionals of the Brazilian sequential graphic art. The analysis of this publication discloses the difficulties Brazilian comics faced, considering the necessities and limits of the commercial publishing companies and the publishing market in the country.

  8. Análise discriminante como preditiva de dificuldades financeiras em empresas brasileiras do mercado acionário = Discriminant analysis as a predictive tool of financial difficulties in brazilian companies in the share market

    Directory of Open Access Journals (Sweden)

    Silvio Aparecido Teixeira

    2013-11-01

    Full Text Available Verificar a situação econômico-financeira de uma empresa pressupõe a análise conjunta de suas demonstrações contábeis, no intuito de prever as condições futuras de gerar resultados e de honrar seus compromissos. O presente artigo tem como objetivo estimar funções discriminantes para os grupos de empresas lucrativas, intermediárias e deficitárias, listadas na BM&FBOVESPA, no período de 2009 a 2011. Os procedimentos metodológicos utilizados caracterizam o estudo como pesquisa descritiva, documental e quantitativa. Os dados utilizados foram coletados do ®banco Economática . As empresas pertencentes ao setor financeiro e de serviços não foram consideradas na análise e aquelas que não apresentaram os dados requeridos foram excluídas, resultando em uma amostra de 255 organizações. ®A análise dos dados foi efetuada com o uso do software SPSS , tendo como variável de reunião os três grupos de empresas e como variáveis explicativas os indicadores econômico-financeiros de liquidez, rentabilidade e estrutura de capital. A análise dos dados permitiu identificar a existência de separação entre os grupos, apontando a Composição do Endividamento como a variável que melhor representa essa separação. Duas funções foram criadas. A primeira delas que segrega as empresas lucrativas das intermediárias, apresentou alta capacidade para demonstrar as diferenças entre os grupos. A segunda função discriminante representou apenas o poder residual para segregação entre as empresas intermediárias e as deficitárias. The objective of this study is to verify the economic-financial situation of some companies. For that, it is required the joint analysis of their financial statements in order to predict future conditions which will generate results and honor their commitments. This paper aims at estimating discriminant functions for groups of profitable, intermediary and lossmaking companies listed on the BM&FBOVESPA within 2009

  9. 战略人力资源管理与跨国石油企业核心竞争力的关系-基于17家跨国石油企业数据的实证分析%Effects of Strategic Human Resource Management on Core Competitiveness of Multinational Oil Companies--Based on Empirical Analysis of 17 Multinational Oil Company Data

    Institute of Scientific and Technical Information of China (English)

    唐代治; 张在旭

    2013-01-01

      战略人力资源管理对跨国石油企业核心竞争力的影响已获得众多学者的关注,但如何影响却鲜有人研究。论文以17家跨国石油企业作为研究对象,通过2000-2011年连续12年数据分析,对企业战略人力资源管理与企业核心竞争力之间的关系进行实证研究,文章发现人力资源管理系统、环境变量、战略因素、跨文化因素以及人力资源管理与企业战略、跨文化因素的整合程度对企业核心竞争力均有影响,但影响的方面和程度是各异的,人力资源管理系统、跨文化因素对企业核心竞争力影响程度最大。%Strategic human resource management has impacts on core competitiveness of multinational oil companies ,which have caused many academic attention, but how affect are rarely researched. The paper choose 17 multinational oil enterprise as research object, through continuous 12 years data analysis, to research the relationship between strategic human resource management and core competitiveness of multinational oil companies. The paper came to the conclusion that human resources management system, environment variable, strategy factors, across culture and the integration degree of HRM, strategy and across culture are all have impacts on core competitiveness of multinational oil company, but effect of aspects and degree is vary. Human resources management system, across culture factors has the most significant impact.

  10. Formulation of a projection model of electric power demand applied to isolated systems in natural development: the case of the brazilian electric company of Rondonia territory; Formulacao de um modelo de projecao de demanda de energia eletrica aplicado a sistemas isolados em desenvolvimento natural: o caso da CERON - Centrais Eletricas de Rondonia

    Energy Technology Data Exchange (ETDEWEB)

    Dourado, Rosana Aparecida

    2004-07-01

    The Electricity inserts it self more than other services in the economy and in the Brasilian society resulting an increase of market of electrical energy more than that of economy e consequently in the national energy bases. Given the importance of the definition of the demand of electrical energy inside the development process of a region, the objective of this dissertation is to propose a model of forecasting energy demand applied to a small scale utility. With basing on the foundation that the electrical energy demand varies accordingly with the region, social levels and economical conditions and also the activities developed, the method utilized was a definition of a set of representative variables in this context, using the relation between the population an the number of residential consumers; consumption per residential consumer and the consumption structure of the residential segment over the total demand. The results with the application of the model utilizing this philosophy of the technique of modeling scenes, permitted the definition of electrical energy demand for the market of the Brazilian electric company CERON S.A. like a case study. (author)

  11. Brief Introduction of PetroChina Lanzhou Petrochemical Company

    Institute of Scientific and Technical Information of China (English)

    2003-01-01

    @@ As the largest oil refining and chemical production enterprise in the western part of China, PetroChina Lanzhou Petrochemical Company is a regional company of PetroChina Company Limited, which was restructured and merged from the former Lanzhou Petroleum Processing & Chemical Complex and the former Lanzhou Chemical Industry Company.

  12. Marketing Approach of Brazilian Wind Energy Sector

    Directory of Open Access Journals (Sweden)

    Gustavo Henrique Silva de Souza

    2013-12-01

    Full Text Available Prospects for the wind energy market have proposed changes of focus to managerial issues. The objective of this article is to map the specific market factors from Brazilian wind energy industry, in order to develop reflections and considerations on the subject, towards to the managerial, strategic and commercial development of the sector. Through an exploratory methodology in empirical format, and by a SWOT analysis of Telescopic Observations Strategic Framework, were found results that show funding and grants determined by Brazilian government, as the big question of the wind energy industry marketing, allowing the economic viability of wind energy projects. Further, it appears that the wind energy industry is eager to investments and has great potential for new business, but there are problems within the producing companies which that have to be assessed, such as the competitiveness capability, the high equipment costs, the installation locations limitations and lack of specialized employees with specific skills and capacities.

  13. Legal aspects of data and information used in oil and gas exploration and production; O regime juridico dos dados e informacoes de exploracao e producao de petroleo e gas natural

    Energy Technology Data Exchange (ETDEWEB)

    Bucheb, Jose Alberto [PETROBRAS, Rio de Janeiro, RJ (Brazil)

    2004-07-01

    The utilization of data and information related to the Brazilian sedimentary basins constitutes an essential element in any petroleum exploration and production venture, as well as in the technical and scientific works of this area of study and, for this reason, this technical asset, according to article 22 of the Petroleum Law, is considered part of the national petroleum resources, to be collected, maintained, and administered by the ANP. This issue is also regulated in other articles of the Petroleum Law, the ANP tender protocols, the concession contracts and the ANP ordinances no. 188/1998 and n. 114/2000. In this context, the evolution of the pertinent legal instruments is discussed, aiming at the analysis of the existing conflicts of rules, the rights and obligations of the regulatory agency, the petroleum companies, the service companies and the technical and scientific community. Some aspects of the international oil industry practices are also analyzed vis-a-vis the Brazilian Law. (author)

  14. Brazilian uranium exploration program

    International Nuclear Information System (INIS)

    General information on Brazilian Uranium Exploration Program, are presented. The mineralization processes of uranium depoits are described and the economic power of Brazil uranium reserves is evaluated. (M.C.K.)

  15. Innovations and external growth strategy: the case of oil and gas supply and service companies; Innovations et strategie de croissance externe: le cas des entreprises parapetrolieres

    Energy Technology Data Exchange (ETDEWEB)

    Barreau, S. [Institut Francais du Petrole (IFP), Ecole du Petrole et des Moteurs, Centre Economie et Gestion, 92 - Rueil-Malmaison (France)

    2002-07-01

    The upstream oil and gas service sector has been going through a wave of consolidations since 1990. Indeed, many firms in this sector have adopted an external growth strategy in order to strengthen their core business, broaden their range of provided products or reorganize their activities. Nowadays, the upstream oil and gas service sector is characterized by the presence of an oligopoly which is composed of three Major service and supply firms (Baker Hughes, Halliburton and Schlumberger) and numerous smaller oil and gas service businesses. In this article, based on the research work of the economist J.A. Schumpeter, we first provide an original explanation for the strategic development of the three leading oil and gas service and supply firms. J.A. Schumpeter has in fact analyzed the process of disseminating innovation within an industrial sector that applies in the case of the three leading oil and gas service firms. Whereas the term innovation generally means the result of technical progress, we use it in this article in the context of Schumpeter for whom an innovation can be the manufacture of a new product as a result of a new demand, the launching of a new method of production or marketing, the opening of a new market, the use of a new raw or intermediate material, or the establishment of a new organization. Secondly, we justify the reorganization of the overall upstream service and supply sector by the fact that the process of disseminating innovation, to which we gave prominence within the oligopoly, remains relevant to justify the same reorganization of the many smaller oil and gas service firms. This process leads us to consider the form of consolidation that the sector will experience over the next few years. (author)

  16. The system of innovation of Brazilian sugar cane agribusiness; O sistema de inovacao da agroindustria canavieira brasileira

    Energy Technology Data Exchange (ETDEWEB)

    Furtado, Andre Tosi [Universidade Estadual de Campinas (UNICAMP), SP (Brazil). Inst. de Geociencias. Dept. de Politica Cientifica e Tecnologica], e-mail: furtado@ige.unicamp.br; Cortez, Luis Augusto Barbosa [Universidade Estadual de Campinas (UNICAMP), SP (Brazil). Fac. de Engenharia Agricola], e-mail: mirna@fem.unicamp.br; Scandiffio, Mirna Ivonne Gaya [Universidade Estadual de Campinas (NIPE/UNICAMP), SP (Brazil). Nucleo Interdisciplinar de Planejamento Energetico

    2008-07-01

    Ethanol has been recently of great interest due to two main reasons. First, it is a viable alternative to oil derivates used in light vehicles, which price has been substantially raised in the last years. In second place because ethanol is a renewable source of energy, that mitigates the emission of greenhouse effect gases. Although Brazil is losing its leadership of ethanol production for the United States, it raises internationally as the leading country to develop its ethanol production from biomass. Differently from the American system which relies on corn as principal raw material, Brazilian ethanol is produced from sugarcane. The Brazilian route shows up as much more competitive and much less pollution contributor than the American one. The objective of this work is to analyze the leading aspects of the Brazilian Innovation System built around the sugarcane industry. The Brazilian success in terms of sugarcane can not be understood just as based in a natural comparative advantage, but it is a result of accumulation of efforts which ended in a virtuous trajectory of technological learning, relying, mostly, in incremental innovations. That process had, as inflection point, the Pro Alcohol Program, launched after the first oil crisis in 1973. From that Program on, the agricultural industry started the diffusion of innovations making possible constant increases of productivity and cost reduction on its production. The technological advance brought benefit to the alcohol and sugar production, of which Brazil became the main world producer. This work is based on the approach of national systems of innovation, according to which the innovative performance of a country, region or even a sector, can not be learned only by focusing the efforts and performance of the companies. Innovation results from the interaction of actors from different institutional nature. To analyze the institutional arrangements as the basis to the innovative process, this work will get

  17. China Offshore Oil Logging Technology

    Institute of Scientific and Technical Information of China (English)

    Duan Kang

    1996-01-01

    @@ China offshore oil logging business entered a faster developing stage sin-ce 1982 with the beginning of international cooperation in its offshore oil exploration. Nearly 90% of the logging expertises of China National Offshore Oil Corporation (CNOOC)are in China Offshore Oil Logging Company (COOLC), headquartered in Yanjiao, Hebei Province.

  18. Security drives Kuwait's oil shift

    International Nuclear Information System (INIS)

    This article explains the economic and political pressures on Kuwait to open up participation in its oil industry to foreign oil companies. The shock of the invasion and occupation by Iraq, falling oil prices, the presence of US troops and continual improvement in desert warfare skills, the prospects for foreign investment in desert oil fields, and political constraints are examined. (UK)

  19. Trading Companies

    OpenAIRE

    Háblová, Agáta

    2010-01-01

    This bachelor thesis is aimed at the transformation of the legal form of a Limited Liability Company (LLC) into a Joint Stock Company (JSC). It draws comparisons between several forms of business ownership, their advantages and disadvantages. With the change of the legal form of the business, there are certain legal steps which are needed to be processed, so that the transformation could have been done successfully. In the bachelor thesis I would like to stress out these single steps, which a...

  20. Brazilian NORM Industries: Lessons and Challenges

    International Nuclear Information System (INIS)

    Several industries operating in Brazil are dealing with NORM, especially those related to the mining and beneficiation of tin, niobium and phosphate, and to oil exploration. The Brazilian National Nuclear Energy Commission has been investigating the larger industries in order to assess the extent of exposure of workers and members of the public from NORM. The paper presents the characteristics of Brazil’s larger NORM industries, as well as the methodologies used to evaluate the radiological impact associated with their operation. The results of radionuclide analyses of environmental samples collected on site at these facilities demonstrate the importance of developing guidelines, especially for soil remediation. Finally, the Brazilian regulations, the main advances, and the challenges facing NORM industries are briefly discussed. (author)

  1. Go abroad, young company

    International Nuclear Information System (INIS)

    The high cost of oil production in Canada has meant that Canadian oil and gas producers, especially juniors, are looking overseas for new opportunities. They do so, free of the relentless competition common in Alberta, hefty land costs, government regulations, farmers and environmentalists. For example, Trans-Dominion Energy has ongoing exploration in Senegal, Africa, Epic Energy is running tests on drill cores from the Aktash field in Ukraine, and Eagle Energy has completed a horizontal well in the Belli oil field in Tunisia. Seven Seas Petroleum purchased 35% in the Dindal and Rio Seco Association contracts in Columbia, while Cordex Petroleum acquired a 50% interest in the Laguna Los Capones field in Argentina. Another company, Canadian Occidental Petroleum Ltd. (CanOxy), has been drilling in Yemen since 1990 with complete success. Production tops 185,000 barrels per day, of which CanOxy holds a 52% interest. The company has since focused on prospects in the Ejulebe field offshore Nigeria, the Turan basin in Kazakhstan, offshore Vietnam in the Nam Con Son basin, offshore Thailand and onshore Columbia. Gulf Canada Resources and Talisman Energy have also had impressive results in Indonesia

  2. Efforts Stepped up to Curb Offshore Oil Pollution

    Institute of Scientific and Technical Information of China (English)

    2003-01-01

    China's oil sector has established the Bohai Sea Offshore Oil Environmental Protection Company to tackle worsening oil leakage pollution in north China's Bohai Sea. The bay of the Bohai Sea has been experiencing extensive offshore oil production and the oil turnover in Tianjin Port has been increasing fast, an expert with the company said.

  3. ANP's strategic regarding the government take considering the volumes of recoverable oil and the Brazilian attractiveness for upstream international investments; Estrategia da ANP quanto ao 'government take', considerando o volume recuperavel e a atratividade do Brasil para investimentos internacionais em 'upstream'

    Energy Technology Data Exchange (ETDEWEB)

    Motta, Regis [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Escola Politecnica. Dept. de Engenharia Industrial; Margueron, Claudio [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Escola Politecnica. Dept. de Geologia; Aquino, Thereza C.N. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Escola Politecnica. Inst. de Geociencias

    2004-07-01

    This article discusses the Brazilian Petroleum Agency (ANP) strategy to boost the competitiveness of Brazil in attracting investments to the energy sector, analyzing it both technically and economically. The Campos basin, with its opportunities in heavy oil and deep water exploration, is used as a case study. Previous literature evaluated the economic potential of oil fields under different hypotheses for cost and price structures, reaching the conclusion that the fiscal regime of Brazil in 2000 was internationally competitive and the oil fields under investigation were attractive. This situation no longer applies. Some of the previous hypotheses are reviewed, using the creaming effect, which models both the diminishing success probabilities of drilling and volume levels as a given sedimentary basin approaches its mature stage of exploration. The main conclusion is that a reduction in the government take, lowering the fraction under ANP's control, would foster exploration and production in mature basins. Therefore, a large number of reserves with relatively small VOR's will become feasible, which are currently unattractive, given the hurdle rates observed by the international oil industry. (author)

  4. Terceirização de serviços de tecnologia de informação em organizações brasileiras Information technology outsourcing by Brazilian companies

    Directory of Open Access Journals (Sweden)

    Edmir Parada Vasques Prado

    2008-06-01

    Full Text Available O objetivo desta pesquisa é analisar a terceirização de serviços de Tecnologia de Informação (TI. A pesquisa abrange as organizações de porte médio e grande do setor privado localizadas no Brasil. Utilizou-se uma amostra não probabilística contendo 267 serviços terceirizados, presentes em 71 organizações. Os dados foram coletados por meio de questionário e tratados estatisticamente através de técnicas não paramétricas. A pesquisa representa um estudo descritivo, verificando freqüências e relações entre variáveis que caracterizam a organização, os serviços terceirizados e os arranjos contratuais. A partir de um modelo proposto para análise da terceirização da TI, foi possível identificar quatro grupos distintos de organizações e descrever suas características organizacionais, as razões mais freqüentes para terceirizar, as categorias de serviços mais terceirizadas e os arranjos contratuais mais adotados. Adicionalmente, foram identificadas três possíveis relações de causa e efeito entre as características organizacionais, as categorias de serviços terceirizados e os arranjos contratuais.Information Technology outsourcing activities by medium and large sized private companies in Brazil were analyzed. Included were 267 outsourced services in 71 organizations, however this was not a random sample. Data was collected by questionnaire and analyzed by non-parametric statistical methods. This was a descriptive study of the variables describing organization characteristics, outsourced services and contractual arrangements. Four groups of companies were identified and distinguished by the amount of outsourcing as well the most common outsourcing reasons, activities and models of contracts. Discussion about three possible cause and effect relationships of these variables was included.

  5. Environmental management and operational performance in automotive companies in Brazil

    DEFF Research Database (Denmark)

    Jabbour, C.J.C.; De Sousa Jabbour, A.B.L.; Govindan, Kannan;

    2013-01-01

    The main objective of this study is to verify the influence of Environmental Management (EM) on Operational Performance (OP) in Brazilian automotive companies, analyzing whether Lean Manufacturing (LM) and Human Resources (HR) interfere in the greening of these companies. Therefore, a conceptual...... framework listing these concepts was proposed, and three research hypotheses were presented. A questionnaire was elaborated based on this theoretical background and sent to respondents occupying the highest positions in the production/operations areas of Brazilian automotive companies. The data, collected...... originality of this paper lies in its gathering the concepts of EM, LM, HR and OP in a single study, as they generally tend not to be treated jointly. This paper also provided valid empirical evidence for a littlestudied context: the Brazilian automotive sector. © 2012 Elsevier Ltd. All rights reserved....

  6. The oil distribution file

    International Nuclear Information System (INIS)

    A series of articles addresses the recent evolutions of the French domestic fuel oil market, the development of the Argos oil company (a Dutch group) on this market, the situation and the recent evolution of the German oil product market in 2007 and 2008, the problem faced by the mandatory introduction of biofuels in Belgium and in Spain, the evolution of the Italian oil product market, and the mandatory introduction of biofuels in the United Kingdom in 2008

  7. Analysis Brazilian preference shares: financial liabilities or equity instruments?

    Directory of Open Access Journals (Sweden)

    Diana Lucia de Almeida

    2016-05-01

    Full Text Available The Brazilian preference shares, in general, except when they present specific features, such as mandatory redemption and cumulative dividends, meet the accounting definition of equity instruments. However, the scientific literature believes that those shares that do not have discretion to avoid the delivery of cash must be classified as financial liabilities. In a context in which remain differences of understanding of their proper accounting treatment, the following question arises: preferred shares of Brazilian companies are being recognized in the financial statements in accordance with the theoretical and normative precepts? Thus, the aim of this study is to verify if the preference shares of Brazilian companies have been recognized in the financial statements for according to the scientific literature and accounting standards. Through content analysis, we analyzed the information of 157 companies listed on BM&FBOVESPA. The results show that 155 companies classify its preference shares as equity instruments and two as financial liabilities. These two companies, as well as 149 of those which qualify as equity instruments, are treating them properly in its accounting. The other six companies should present its preference shares as liabilities, given the absence of discretion to avoid cash delivery, feature present in financial liabilities, unlike equity instruments. It is noticed that, unlike what happens, for instance, in the US market, it is not possible to classify all Brazilian preference shares as a financial liability, since, in Brazil , they are used in different legal format of those widely found in that market. Moreover, almost all of the analyzed shares have essential features for classification as equity instruments. Hence, the importance of analysis of the economic essence of each instrument, thus, enabling the appropriate accounting treatment in the financial statements.

  8. Cost effective method for valuation of impacts caused by greenhouse gases emissions for oil and gas companies; Metodo de custo-efetividade para avaliacao de impactos causados pelas emissoes de gases de efeito estufa em empresas de oleo e gas

    Energy Technology Data Exchange (ETDEWEB)

    Carneiro, Elisa Vieira [Petroleo Brasileiro S.A. (PETROBRAS), Rio de Janeiro, RJ (Brazil); Barros, Sergio Ricardo da Silveira [Universidade Federal Fluminense (LATEC/UFF), Niteroi, RJ (Brazil). Mestrado em Sistemas de Gestao

    2012-07-01

    The objective of this work is to apply the method of cost-effectiveness in economic evaluation of new investment projects, based on information about reducing greenhouse gases emissions. In the context of the commitment of companies with the Climate Change and Sustainability, this work is important and contributes to the oil and gas industry, because it integrates information on reducing emissions of greenhouse gases in negative Net Present Value (NPV) projects, helping the portfolio manager on decision making between alternative projects. In this article, examples are given of two investment projects, in which the cost effectiveness methodology is applied, considering the reduction of emission of greenhouse gases such as additional environmental benefit, or cost avoidance, in an adjusted model of the economic viability analysis of meritorious projects. (author)

  9. Permeability measuremens of brazilian Eucalyptus

    Directory of Open Access Journals (Sweden)

    Marcio Rogério da Silva

    2010-09-01

    Full Text Available The permeability of Brazilian Eucalyptus grandis and Eucalyptus citriodora wood was measured in a custom build gas analysis chamber in order to determine which species could be successfully treated with preservatives. Liquid permeability was tested using an emulsion of Neen oil and a control of distillated water. Air was used to test the gas phase permeability. For both Eucalyptus grandis and Eucalyptus citriodora, the longitudinal permeability of gas was shown to be about twice as great as the liquid phase permeability. No radial permeability was observed for either wood. The permeability of air and water through the sapwood of Eucalyptus grandis was greater than that through the sapwood of Eucalyptus citriodora. The permeability of neen oil preservative through the sapwood of Eucalyptus grandis was also greater than through the sapwood of E. Citradora, but the difference was not statistically significant. Scanning Electron Microscopy images showed that the distribution and obstruction in the vessels could be correlated with observed permeability properties. Irrespective of the causes of differences in permeability between the species, the fluid phase flux through the sapwood of both species was significant, indicating that both Eucalyptus grandis and Eucalyptus citriodora could be successfully treated with wood preservative.

  10. Light, distribution company in Brazil

    International Nuclear Information System (INIS)

    Since the publication of the Roulet Report, Electricite de France (EDF), the French group is crossing tormented hours. Despite its good financial results in 2004 with a turnover of 46.9 Mds euros its debts are around 19.7 Mds euros and are mainly due to its international investments which were not all very profitable. The first source of concern remains the Latin America markets and more particularly the Brazilian one which recorded 1.6 Md euros of losses. The future of EDF investment in Brazil, through its acquisition of the distribution company, Light, is uncertain. Within a new electric power industry framework, after currency devaluation and a rationing, Light is now in a catastrophic financial situation. The last tariff revisions given by the Brazilian authorities and the economic characteristics of the concession put the distributor at the edge of the bankruptcy. This article presents the situation of EDF group and Light at the end of 2004. The main question is the future of the Brazilian distributor in general and more particularly within the French group EDF. (author)

  11. The management strategy of energetic companies before new businesses: CESP - a case study; A postura empresarial de empresas energeticas diante de novos negocios: CESP - um estudo de caso

    Energy Technology Data Exchange (ETDEWEB)

    Prado Junior, Fernando Amaral de Almeida

    1994-12-01

    This thesis focuses the new challenges which the Brazilian electric power companies have been facing towards the new market requirements. Special emphasis is given to: organizational theory; Brazilian electric power industry history; and, comparative analysis of the Brazilian electric power system regulation and legislation. A case study is presented based on the electric power company of Sao Paulo State - Southeast Brazil 60 refs., 21 figs., 37 tabs.

  12. Emission evaluation of CO 2 and CH4 gases in the selected gas pressure booster station in the Bangestan field of the National Iranian Oil Company

    OpenAIRE

    Mehdi Ahmadi; Maedeh Rozkhosh; Nemat-allah Jaafarzadeh Haghighifard

    2014-01-01

    Background: Iran is located in the seventh rank in terms of CO2 emissions resulting from the fuel combustion in the world. Gas compressor booster stations, due to the several sources of contaminants, are causing the release of large amounts of CO2 and CH4, which will cause climate change; therefore, estimating the emissions of the gases from oil and gas, different processing units are necessary. Methods: In this study, the emissions factor method, provided by various organizations, was used f...

  13. Biological Assets in Companies in Brazil: Pursuant To CPC 29 and Association with Business Features

    OpenAIRE

    Vinicius Martins Macedo; Mariana Campagnoni; Suliani Rover

    2015-01-01

    The adoption of international accounting standards in Brazil has brought about changes in the form of recognition, measurement and disclosure of economic facts of companies. In order to harmonize the accounting standards with the international standard-setting bodies Brazilian approved CPC 29, which establishes the accounting treatment and disclosure of biological assets and agricultural products. The objective of this study was to verify the Brazilian companies with biological assets t...

  14. A Discussion on the Fulfilling of Social Responsibility by Petroleum Companies- With the Practice of SINOPEC Northeast Oil and Gas Company as an Example%东北石油局践行企业社会责任实践

    Institute of Scientific and Technical Information of China (English)

    董延宁

    2013-01-01

    While focusing on corporate development ,SINOPEC Northeast Oil and Gas Company also earnestly im-plements its social responsibility .Proactive efforts have been made to ensure energy supply for local areas ,provide clean energy ,establish harmonious relationship between oilfields and the local people/governments ,and care for pub-lic good .%  中国石化东北石油局在注重企业发展的同时,切实履行好石油企业社会责任,在保障地方能源供应、提供清洁能源、建立和谐油地关系、关心社会公益等方面做出了积极的实践。

  15. Perspectives for the brazilian petroleum market; Perspectivas do mercado de derivados no Brasil

    Energy Technology Data Exchange (ETDEWEB)

    Borschiver, Suzana [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Escola de Quimica. Sistema de Informacao da Industria Quimica (SIQUIM); Barros, Marisa M. [Refinaria de Petroleos de Manguinhos, Rio de Janeiro, RJ (Brazil)

    2004-07-01

    The present work aims to present an overview of the Brazilian petroleum derivatives market following the loosening of PETROBRAS's monopoly in 1997, and to highlight the redefining of the roles of the traditional actors in this sector - refineries and petrochemical complexes - as well those of the new players - the formulators and importers. Regulation of this new model following the opening of the market has been important in establishing a competitive environment, while the competitive strategies adopted by companies have undoubtedly been fundamental to their survival. Along with these changes, this work also considers other aspects of the market, such as: the insufficiency of domestic production to meet the growing demand for derivatives, mainly LPG, naphtha and diesel, making Brazil more dependent on imports; and the technological and capacity limitations of the refinery sector, which create an impediment to the processing of the country's domestic, typically heavy crude, oil production, the offer of which is currently increasing, while excess production is destined for export. While the overall effect of a scenario favorable to internationalization is to make companies more vulnerable to the global politico-economic conjuncture, it also opens the possibility for them to access new technologies and markets, which is crucial for their development and increased competitiveness. This article presents examples of alternatives encountered by the refining sector in its efforts to meet market necessities. (author)

  16. Quality Change in Brazilian Automobiles

    OpenAIRE

    Renato Fonseca

    2015-01-01

    In this paper I investigate the quality evolution of Brazilian autos. To measure the quality evolution of Brazilian autos, I have assembled a data set for Brazilian passenger cars for the period 1960/94, to which I have applied the hedonic pricing methodology. To the best of my knowledge, this is the first time an index of quality change has been constructed for the Brazilian automobile industry. The results presented here have two major implications. They allow a better understanding of prod...

  17. High-temperature process-steam application at the Southern Union Refining Company, Hobbs, New Mexico (solar energy in the oil patch). Phase I design. Final report

    Energy Technology Data Exchange (ETDEWEB)

    1979-07-31

    Southern Union Refining Company's Famariss Energy Refinery has worked diligently with Monument Solar Corporation in the conceptual and detail design for this unique application of solar generated steam. An area closely adjacent to the refinery and fronting New Mexico State Highway No. 18 has been designated for the solar collector array. Space planned for the demonstration parabolic trough array is sufficiently large to handle an array of 25,200 square feet in size - an array more than twice the size of the 10,080 square feet proposed originally. The conceptual design, performance, safety, environmental impact, and economic analysis are described. Engineering drawings are included. (WHK)

  18. The Brazilian Nuclear Energy Program

    International Nuclear Information System (INIS)

    A survey is initially of the international-and national situation regarding energetic resources. The Brazilian Nuclear Energy Policy and the Brazilian Nuclear Program are dealt with, as well as the Nuclear Cooperation agreement signed with the Federal Republic of Germany. The situation of Brazil regarding Uranium and the main activities of the Brazilian Nuclear Energy Commission are also discussed

  19. INTERNATIONALIZATION STRATEGIES OF THE BRAZILIAN MEAT AGRIBUSINESS SECTOR: EXPORTS OR DIRECT INVESTMENT ABROAD?

    OpenAIRE

    Stal, Eva; Sereia, Vanderlei José; Silva, Ricardo Cesso da

    2010-01-01

    The article analyzes the internationalization strategies of the four largest Brazilian companies in the meat (beef, pork and poultry) agribusiness sector, by considering the comparative and competitive advantages of the country and the companies. JBS, Marfrig, Sadia and Perdigão were studied, of which the last two merged in May 2009, forming Brasil Foods. The authors looked into what led these companies to start investing  abroad directly, as from 2005, as a complement to their exports, the p...

  20. As (novas práticas pós-privatização de atuação comunitária em seis empresas do setor siderúrgico brasileiro The (new post-privatization practices of communitarian action in six companies of Brazilian steel industry

    Directory of Open Access Journals (Sweden)

    Rozália Del Gáudio Soares Baptista

    2005-03-01

    Full Text Available O objetivo deste trabalho é analisar como as empresas do setor siderúrgico brasileiro reorganizaram suas práticas de relacionamento com a comunidade após a privatização. Para isso, tendo como referenciais a teoria existente sobre responsabilidade social e um estudo exploratório baseado em dados quantitativos e qualitativos coletados sobre a situação das principais siderúrgicas privatizadas, pôde-se traçar um quadro ilustrativo da realidade do setor. Os principais resultados revelam que o papel desempenhado no passado por tais organizações vem se adaptando tanto às novas demandas e realidades socioeconômicas do país quanto à emergência da valorização das ações privadas como mecanismo compensatório das lacunas deixadas pela transformação do papel do Estado. O atual discurso sobre a responsabilidade social empresarial legitima as ações empreendidas pela iniciativa privada, o que, entretanto, não desobriga o Estado do seu papel fundamental de agente do desenvolvimento nacional, independentemente do porte da economia da região em foco.An analysis was made of how six Brazilian steel companies restructured their community relations after privatization. This description was based upon an exploratory study of quantitive and qualitative information regarding social responsibility obtained from the most important privatized steel companies and includes as a reference the currently expounded theory of social responsibility. Results disclose that past performance was adapted to the new requirements and socio-economic situation of the country and to enhance this private activity in order to make up for deficiencies in the wake of the changing role played by the government. The current discourse on these actions of social responsibility endorses these private undertakings and does not, however, free the government from the basic role of agent in national development, irrespective of the size of the regional economy in question.