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Sample records for getty oil company

  1. The virtual oil company

    International Nuclear Information System (INIS)

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

    1995-01-01

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

  2. Happy oil companies

    International Nuclear Information System (INIS)

    Maincent, G.

    2009-01-01

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

  3. 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)

  4. Network Dimensions in the Getty Provenance Index

    OpenAIRE

    Schich, Maximilian; Huemer, Christian; Adamczyk, Piotr; Manovich, Lev; Liu, Yang-Yu

    2017-01-01

    In this article we make a case for a systematic application of complex network science to study art market history and more general collection dynamics. We reveal social, temporal, spatial, and conceptual network dimensions, i.e. network node and link types, previously implicit in the Getty Provenance Index (GPI). As a pioneering art history database active since the 1980s, the GPI provides online access to source material relevant for research in the history of collecting and art markets. Ba...

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

    African Journals Online (AJOL)

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

  6. Happy oil companies; Heureux petroliers

    Energy Technology Data Exchange (ETDEWEB)

    Maincent, G

    2009-08-27

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

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

    African Journals Online (AJOL)

    user

    2013-07-07

    Jul 7, 2013 ... established the Nigeria National Petroleum Corporation to serve as an eye of the government, fix petroleum prices, enter into business as it concerns oil and gas, operates Joint return services with many oil companies in Nigeria. Okowa (2007) posits that, the joint venture services are arranged as follow:.

  8. National oil companies of South East Asia

    International Nuclear Information System (INIS)

    Singh, Gurdip

    1998-12-01

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

  9. Falling R and D in oil companies

    International Nuclear Information System (INIS)

    Creusen, H.; Minne, B.

    2000-01-01

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

  10. Oil companies and village development in Nigeria

    International Nuclear Information System (INIS)

    Ikporukpo, C.O.

    1993-01-01

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

  11. State oil companies have diverse strategies

    International Nuclear Information System (INIS)

    Anon.

    1994-01-01

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

  12. Foreign oil companies weathering Peru's political crisis

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

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

  13. The oil companies' move toward energy

    International Nuclear Information System (INIS)

    Burucoa, X.

    1999-01-01

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

  14. 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.

  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)

    Miller, Damian

    2013-01-01

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

  17. Valuation of international oil companies - size matters

    International Nuclear Information System (INIS)

    Mohn, Klaus

    2005-01-01

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

  18. International Oil Companies Sustainability after Oil Price decline

    Directory of Open Access Journals (Sweden)

    Tantau Adrian D.

    2017-07-01

    Full Text Available International Oil Companies (IOC’s had been playing a major role in oil industry at the beginning of 20th century. They had many volatility during last century and faced with many obstacles which forced them to change their business models and improve their outcome to satisfy their shareholders. One of the most important challenges was oil nationalization in oil producer countries which were happened by establishment of NOCs. Later green energy issue which came from CO2 emission problem happened and recently, oil and gas price diminish challenges, involve all IOCs with the most important challenge in last century after all. Among all those events, one of the most important key values which have been observed by IPIECA, API and IOGP associations every year is Sustainability. The objectives of the research are study all issues and indicators of sustainability in IOCs. Each indicator has faced with different strategy via IOCs in different market situation. The importance of this key value cause that it is observed by some important association like IPIECA, API and IOGP each year. As the scarcity of related references for business model in oil and gas industry, literature review of some resources and annual sustainability report followed by a questionnaire as a survey are also selected methods for recent major challenges to achieve required result.

  19. CONDITIONS OF FORMING OIL COMPANY INNOVATIVE DEVELOPMENT MODEL

    Directory of Open Access Journals (Sweden)

    A. N. Dmitrievsky

    2012-01-01

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

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

    African Journals Online (AJOL)

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

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

    International Nuclear Information System (INIS)

    Jenkins, Gilbert

    2000-01-01

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

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

    International Nuclear Information System (INIS)

    Flynn-English, Teresa

    1999-01-01

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

  3. Mitsubishi Oil to become a major oil player?

    International Nuclear Information System (INIS)

    Ash, N.

    1994-01-01

    Mitsubishi Oil became a wholly-owned Japanese company in 1984. Before that, since 1981, it had been a joint venture between Mitsubishi and Getty oil. Recently the company has discovered a major new oilfield off the coast of Vietnam. In addition it has a strategic stake in the Canadian Athabasca Far Sands, major investments in Angola and operations in Papua New Guinea and Gabon. It aims to cover 30 % of the crude oil imports to its four existing, and fifth projected, refineries from owned sources by the end of the century. Mitsubishi has a network of 4500 service stations in Japan and has become one of the largest lubricating oil producers. The company's main overseas sales are of jet fuel, lubricating and tanker oils, sulphur and some petrochemicals. (UK)

  4. The future of national oil Companies of OPEC

    International Nuclear Information System (INIS)

    Subroto.

    1994-01-01

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

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

    OpenAIRE

    M. Zahid Hasan; Ronald A. Ratti

    2014-01-01

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

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

    International Nuclear Information System (INIS)

    Henriques, Irene; Sadorsky, Perry

    2008-01-01

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

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

    Science.gov (United States)

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

    2018-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Antonio García-Amate

    2018-03-01

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

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

    International Nuclear Information System (INIS)

    Teixeira, A.A.

    1992-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Tanţău Adrian D.

    2016-09-01

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

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

    DEFF Research Database (Denmark)

    Backer, Lise

    2009-01-01

    In this article I contribute to descriptive green business research on how processes of eco‐effective greening business unfold in practical reality. I look into the case of the increasing interaction between the multinational oil company Shell and the world's largest wind turbine company Vestas. I...... draw on descriptive organizational sense‐making theory and analyse to this end the shared green sense‐making of Shell and Vestas on off‐shore wind energy business. The article concludes that greening companies such as Shell – that are not born green – might be considerably advanced if these companies...... 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...

  12. 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...

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

    DEFF Research Database (Denmark)

    Backer, Lise

    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...

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

    International Nuclear Information System (INIS)

    Odell, P.

    1994-01-01

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

  15. The rise and fall of an oil company

    International Nuclear Information System (INIS)

    Hanson, B.M.

    1991-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Anastasia V. Sheveleva

    2016-01-01

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

  17. Caring for America's Colleges and Universities: Stewardship Lessons from the Getty Foundation Campus Heritage Initiative

    Science.gov (United States)

    Melnick, Robert Z.

    2011-01-01

    The purpose of the Getty Foundation's Campus Heritage Initiative was to assist colleges and universities in the United States in managing and preserving the integrity of their significant historic buildings, sites, and landscapes. The projects supported through this initiative focused on research and survey of historic resources, preparation of…

  18. 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.

  19. Privatization of oil companies in Latin America

    International Nuclear Information System (INIS)

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

    1995-01-01

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

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

    International Nuclear Information System (INIS)

    Boussena, S.

    1994-01-01

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

  1. What are oil companies doing with their profits?

    International Nuclear Information System (INIS)

    Hache, E.

    2007-01-01

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

  2. 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.

  3. Global Standards and Benefit Sharing among Russian and Transnational Oil Companies on Sakhalin Island

    NARCIS (Netherlands)

    Tulaeva, S.; Tysyachnyouk, M.

    2017-01-01

    This article compares benefit sharing arrangements set up between indigenous people and Russian and transnational oil companies. It demonstrates that Russian oil companies interact with indigenous communities in a paternalistic way, while transnational consortiums, operated by Sakhalin Energy and

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

    International Nuclear Information System (INIS)

    Barreau, S.

    2001-11-01

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

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

    Directory of Open Access Journals (Sweden)

    Sergey Lavrov

    2017-03-01

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

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

    International Nuclear Information System (INIS)

    Jenkins, Gilbert

    2000-01-01

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

  7. The experience of western oil companies in Russia

    International Nuclear Information System (INIS)

    Moerland, A.

    1994-01-01

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

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

    International Nuclear Information System (INIS)

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

    2017-01-01

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

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

    International Nuclear Information System (INIS)

    Palazuelos, Enrique

    2010-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    Palazuelos, Enrique [Research Group: Political Economy of Globalization, Department of Applied Economics, Complutense University of Madrid, Campus de Somosaguas, 28223 Madrid (Spain)

    2010-08-15

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

  11. 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.

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

    International Nuclear Information System (INIS)

    Teixeira, A.A.

    1991-01-01

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

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

    International Nuclear Information System (INIS)

    Rodriguez-Padilla, V.

    1994-01-01

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

  14. Indian oil company joins efforts to reduce methane emissions

    Science.gov (United States)

    Kumar, Mohi

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

  15. 77 FR 32631 - Lion Oil Trading & Transportation, Inc., Magnolia Pipeline Company, and El Dorado Pipeline...

    Science.gov (United States)

    2012-06-01

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

  16. A 400,000 lb crude oil storage tank was moved on an 11 in. air blanket

    Energy Technology Data Exchange (ETDEWEB)

    1979-03-01

    The British patented-system used to move the 55,000 bbl tank at the Cushing, Okla., tank farm of Getty Oil Co. uses the same airlift principle employed by various hovercraft. Representatives from 20 pipeline and oil companies watched the move, which placed the tank 22 ft higher and 600 ft away from its former location, to improve its gravity flow rate, an improvement spurred by greater crude demands placed on Cushing Terminal. Two 425 hp air compressors were attached to the tank's shell and produced 130,000 cu ft/min of air. The airflow was directed beneath the tank through a segmented skirt fixed to the circumference of the tank's base. Less than 0.5 psi air pressure across the tank floor was needed to lift the tank. Four large D-7 tractors pulled and guided the tank up the incline onto its new pad, where the vessel was rotated into alignment for piping connections. Preliminary rig-up, grading, and pad preparation took six days, but actual tank relocation required only two hours. Getty's Cushing terminal feeds to the 20 in. dia Osage pipeline that serves Getty's El Dorado, Kans., refinery as well as other carriers.

  17. National and multinational oil companies. Strategy and performance

    International Nuclear Information System (INIS)

    Baddout, J.

    2009-01-01

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

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

    International Nuclear Information System (INIS)

    Nyouki, E.

    1998-07-01

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

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

    International Nuclear Information System (INIS)

    Locatelli, Catherine

    2006-01-01

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

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

    International Nuclear Information System (INIS)

    David Rowlands, Spectrum Energy and Information Technology Ltd

    2002-01-01

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

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

    International Nuclear Information System (INIS)

    Van Gool, M.

    2008-01-01

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

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

    International Nuclear Information System (INIS)

    Ghouri, S.S.K.

    1991-01-01

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

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

    International Nuclear Information System (INIS)

    Noreng, Oeystein

    1998-01-01

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

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

    International Nuclear Information System (INIS)

    Helder, P.

    1994-01-01

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

  5. '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

  6. '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

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

    NARCIS (Netherlands)

    Peuscher, W.; Groeneweg, J.

    2012-01-01

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

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

    International Nuclear Information System (INIS)

    Hache, Emmanuel

    2016-11-01

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

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

    International Nuclear Information System (INIS)

    Littlejohn, W.W.

    1993-01-01

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

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

    International Nuclear Information System (INIS)

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

    1994-01-01

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

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

    International Nuclear Information System (INIS)

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

    2012-11-01

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

  12. 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.

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

    OpenAIRE

    Babatunde, A.

    2005-01-01

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

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

    International Nuclear Information System (INIS)

    Hudec, A.J.

    1992-01-01

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

  15. Demonstration of LED Retrofit Lamps at an Exhibit of 19th Century Photography at the Getty Museum

    Energy Technology Data Exchange (ETDEWEB)

    Miller, Naomi J.; Druzik, Jim

    2012-03-02

    This document is a report of observations and results obtained from a lighting demonstration project conducted under the U.S. Department of Energy (DOE) GATEWAY Demonstration Program. The program supports demonstrations of high-performance solid-state lighting (SSL) products in order to develop empirical data and experience with in-the-field applications of this advanced lighting technology. The DOE GATEWAY Demonstration Program focuses on providing a source of independent, third-party data for use in decision-making by lighting users and professionals; this data should be considered in combination with other information relevant to the particular site and application under examination. Each GATEWAY Demonstration compares SSL products against the incumbent technologies used in that location. Depending on available information and circumstances, the SSL product may also be compared to alternate lighting technologies. Though products demonstrated in the GATEWAY program may have been prescreened for performance, DOE does not endorse any commercial product or in any way guarantee that users will achieve the same results through use of these products. This report reviews the installation and use of LED PAR38 lamps to light a collection of toned albument photographic prints at the J. Paul Getty Museum in Malibu, California. Research results provided by the Getty Conservation Institute are incorporated and discussed.

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

    International Nuclear Information System (INIS)

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

    1995-01-01

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

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

    International Nuclear Information System (INIS)

    Eikeland, Per Ove

    2007-01-01

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

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

    International Nuclear Information System (INIS)

    Eikeland, P.O.

    2007-01-01

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

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

    International Nuclear Information System (INIS)

    Eikeland, Per Ove

    2005-01-01

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

  20. 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)

  1. 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.

  2. 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

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

    International Nuclear Information System (INIS)

    Ewing, Bradley T.; Thompson, Mark A.

    2016-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

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

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

    International Nuclear Information System (INIS)

    Rahardjo; Sudjoko; Sebayang

    1991-01-01

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

  6. 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.

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

    International Nuclear Information System (INIS)

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

    1991-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2010-11-15

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

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

    International Nuclear Information System (INIS)

    Feng, George; Mu Xianzhong

    2010-01-01

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

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

    NARCIS (Netherlands)

    Tulaeva, Svetlana; Tysyachnyuk, Maria

    2017-01-01

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

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

    NARCIS (Netherlands)

    de Graaff, N.A.

    2014-01-01

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

  12. 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)

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

    International Nuclear Information System (INIS)

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

    2001-10-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    1998-12-31

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

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

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

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

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

    Science.gov (United States)

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

    2013-03-01

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

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

    International Nuclear Information System (INIS)

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

    2004-01-01

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

  18. 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.

  19. 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.

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

    International Nuclear Information System (INIS)

    Sharf, I; Kamynina, L; Malanina, V

    2014-01-01

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

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

    International Nuclear Information System (INIS)

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

    1991-01-01

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

  2. 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

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

    Science.gov (United States)

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

    2018-02-01

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

  4. 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 the...

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

    OpenAIRE

    Darwis, Tommy K; Djajadiningrat, Surna Tjahja

    2010-01-01

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

  6. 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…

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

    International Nuclear Information System (INIS)

    Tao, Wang

    1993-01-01

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

  8. 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.

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

    International Nuclear Information System (INIS)

    Jenkins, Gilbert

    1999-01-01

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

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

    International Nuclear Information System (INIS)

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

    1999-01-01

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

  11. ANALYSIS OF THE IMPACT OF INSTITUTIONAL ENVIRONMENT ON THE POLICY OF OIL COMPANIES IN THE SPHERE OF SUBSOIL USE

    Directory of Open Access Journals (Sweden)

    Tokarev A. N.

    2016-06-01

    Full Text Available Oil and gas sector is key sector for the Russian economy. General socio-economic benefits from the development of oil and gas resources are largely dependent on the policies implemented by oil companies. Therefore, the most important task of the state is to create conditions that would ensure socially-oriented behavior of the oil companies. The main purpose of research is to develop recommendations for the establishment of these conditions with regard to oil production. The paper analyzes the current situation with the development of oil resources in Russia, the behavior of the oil companies in the sphere of subsoil use. The methodical approach to analyzing the behavior of companies with respect to the issues of development of oil fields in various conditions (rigidity of the state policy in the sphere of subsoil use is provided. It has been shown that it is necessary a balanced combination of restrictive measures and mechanisms for financial and economic incentives. The findings may be used in the formation of the institutional environment in the sphere of subsoil use.

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

    International Nuclear Information System (INIS)

    Cueille, J.Ph.

    2001-01-01

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

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

    DEFF Research Database (Denmark)

    Merrild, Anne; Tejsner, Pelle

    2016-01-01

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

  15. ANALYSIS OF THE APPLICATION OF MANAGEMENT PRACTICES FOR OPERATIONAL SAFETY IN A COMPANY OF OIL AND GAS SECTOR

    Directory of Open Access Journals (Sweden)

    Elisabete Coentrão Marques

    2014-05-01

    Full Text Available Operational safety is a worrying factor within any company, especially in the oil and gas sector. The objective of this work was to analyze the application of technical regulation of the management system for operational safety on marine installations for drilling and production of oil and natural gas from the National Agency of Petroleum, Natural Gas and Biofuels in manuals of a company in the oil and gas sector. The methodology was based on documentary analysis. It was observed that the company management can achieve the technical factors of work, building design and integration as operational safety in each of the management practices. Concluded that the format and information of manuals are placed as potential to eliminate the risks for the company and the environment.

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

    Directory of Open Access Journals (Sweden)

    Dewi Nilakrisna

    2016-05-01

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

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

    International Nuclear Information System (INIS)

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

    2006-01-01

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

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

    International Nuclear Information System (INIS)

    Bourgeois, B.

    1994-01-01

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

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

    Science.gov (United States)

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

    2017-11-01

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

  20. 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

  1. 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.

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

    Science.gov (United States)

    Baranovic, M. J.

    2001-12-01

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

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

    Directory of Open Access Journals (Sweden)

    Svetlana Tulaeva

    2017-07-01

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

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

    Directory of Open Access Journals (Sweden)

    Eugene Beaulieu

    2014-06-01

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

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

    International Nuclear Information System (INIS)

    Creusen, H.; Minne, B.

    2000-04-01

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

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

    Directory of Open Access Journals (Sweden)

    Jabier Retegi Albisua

    2018-04-01

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

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

    Directory of Open Access Journals (Sweden)

    J. Brad Gatlin

    2013-07-01

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

  8. 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.

  9. 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

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

    Directory of Open Access Journals (Sweden)

    Benedictus Rahardjo

    2016-06-01

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

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

    International Nuclear Information System (INIS)

    Courtland, C.M.

    1998-01-01

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

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

    Science.gov (United States)

    Siswanto, A.; Kurniati, N.

    2018-04-01

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

  13. 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

  14. Museologia e tecnologia 3D - Applicazioni sui reperti del Museo Archeologico di Aidone in mostra al The J. Paul Getty Museum ( Malibu, aprile 2012-gennaio 2013

    Directory of Open Access Journals (Sweden)

    Erika Piccillo

    2014-06-01

    Full Text Available Il progetto rigurda la scansione e la riproduzione, mediante tecnologia laser scanner 3D, di 19 reperti archeologici (datati dal IV al III secolo a.C. che, dal Museo Archeologico Regionale di Aidone (Sicilia, Italia sono stati dati in prestito, dopo il rientro della “Dea di Morgantina”, al The J.Paul Getty Museum di Malibu (California, USA, dove da aprile 2012 a gennaio 2013 si è tenuta la mostra temporanea “The Sanctuaries of Demeter andPersephoneat Morgantina”.Il caso studiato e documentato riguarda le scansioni, mediante prototipo David Lasercanner®dei suddetti reperti. Il lavoro è stato svolto al fine di documentare con la massima precisione e riprodurre  la copia virtuale fedele dei reperti dati in prestito al The J.Paul Getty Museum di Malibu, per poter verificare, al rientro degli stessi,il loro  stato dopo gli interventi di restauro eseguiti negli Stati Uniti oeventuali danneggiamenti dovuti al loro trasporto. Tali scansioni potrebbero in seguito anche essere utilizzate per aspetti volti alla promozione, alla fruizione (mostra virtualein situ o itinerante e la valorizzazione dei reperti presi in esame.  

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

    Directory of Open Access Journals (Sweden)

    Panevnyk Tetiana M.

    2016-05-01

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

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

    International Nuclear Information System (INIS)

    Anon

    1998-01-01

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

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

    OpenAIRE

    Steinecke, Tim

    2015-01-01

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

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

    International Nuclear Information System (INIS)

    Benhassine, A.A.

    2008-12-01

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

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

    International Nuclear Information System (INIS)

    Rousseau, Isabelle

    2012-01-01

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

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

    International Nuclear Information System (INIS)

    2008-10-01

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

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

    International Nuclear Information System (INIS)

    Pierru, A.; Babusiaux, D.

    2009-02-01

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

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

    International Nuclear Information System (INIS)

    Sadorsky, P.

    2001-01-01

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

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

    International Nuclear Information System (INIS)

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

    1993-01-01

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

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

    Science.gov (United States)

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

    2017-11-01

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

  5. 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)

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

    Energy Technology Data Exchange (ETDEWEB)

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

    1995-07-01

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

  7. 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)

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

    Science.gov (United States)

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

    2011-01-01

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

  9. CURRENT LEVEL OF TECHNOLOGICAL DEVELOPMENT OF INTERNATIONAL OIL AND GAS COMPANIES

    Directory of Open Access Journals (Sweden)

    O. B. Lomakina

    2013-01-01

    Full Text Available In the article the questions of modern situation of the development of oil and gas branch of Russian economy are arisen with the accent to the problems, difficulties and role of high technologies in their overcoming. The comparative analysis of investment volumes and their efficiency in oil and gas branch of different countries is made. There is an attempt to investigate the reasons of the modern situation of this branch of economy and to give some recommendations.

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

    International Nuclear Information System (INIS)

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

    1999-01-01

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

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

    International Nuclear Information System (INIS)

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

    2004-09-01

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

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

    Directory of Open Access Journals (Sweden)

    Emil Velinov

    2016-12-01

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

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

    International Nuclear Information System (INIS)

    Paz Antolín, María José; Ramírez Cendrero, Juan Manuel

    2013-01-01

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

  14. 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.

  15. 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.

  16. 18 CFR 356.3 - Preservation of records for oil pipeline companies.

    Science.gov (United States)

    2010-04-01

    .... Table of Contents Corporate and General 1. Incorporation and reorganization. 2. Minutes to Directors... Retention Item No. and description Retention period Corporate and General 1. Incorporation and..., receiverships, and similar actions which affect the identity or organization of the company Permanently or at...

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

    NARCIS (Netherlands)

    de Graaff, N.A.

    2011-01-01

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

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

    Index Scriptorium Estoniae

    Oja, Urmas, 1981-2012

    2004-01-01

    Firma Gulf Oil oranzhi tellisvoodriga lao- ja kontorihoone Laagris. Projekteerija: Arhitektid Muru & Pere. Autorid Urmas Muru, Peeter Pere. Konstruktsioonid: A-Grupp. Direktori kabineti seinal P. Pere suur ekspressiivne õlimaal. Projekt 2002, valmis 2003. I ja II korruse plaan, 2 sise- ja 2 välisvaadet

  19. International crude oil prices and the stock prices of clean energy and technology companies: Evidence from non-linear cointegration tests with unknown structural breaks

    International Nuclear Information System (INIS)

    Bondia, Ripsy; Ghosh, Sajal; Kanjilal, Kakali

    2016-01-01

    Increasing greenhouse gas emissions, exhaustibility and geo-politics induced price volatility of crude oil has magnified the importance of looking for alternative sources of energy. In this paper, we investigate the long term relationship of stock prices of alternative energy companies with oil prices in a multivariate framework. To this end, we use threshold cointegration tests, which endogenously incorporate possible regime shifts in long run relationship of underlying variables. In contrast to the findings of the previous study by Managi and Okimoto (2013), our results indicate presence of cointegration among the variables with two endogenous structural breaks. This study confirms that ignoring the presence of structural breaks in a long time series data, as has been done in previous study, can produce misleading results. In terms of causality, while the stock prices of alternative energy companies are impacted by technology stock prices, oil prices and interest rates in the short run, there is no causality running towards prices of alternative energy stock prices in the long run. The study discusses the possible reasons behind the empirical findings and concludes with a discussion on short run and long run investment opportunities for the investors. - Highlights: • Cointegration between alternative energy companies stock price and oil price. • Threshold cointegration tests are employed. • Cointegration among the variables exists with two endogenous structural breaks. • Alternative energy companies stock price impacted by oil prices in short run. • No causality running towards prices of alternative energy stock prices in long run.

  20. The Russian opportunity and investments by international companies: the oil paradox

    International Nuclear Information System (INIS)

    Locatelli, C.

    2003-01-01

    The early days of 2003 saw Russia and its oil sector drawing the attention of international investors, as evidenced by the joint venture between BP and TNK, Exxon Mobil's plans regarding Yukos or Shell's. Some people saw in those agreements or plans the signs of a normalisation of the Russian economy, particularly in terms of property rights. The arresting of Mr Khodorkovsky, the chairman of Yukos put a sudden stop to such optimism and comes as a reminder of a few realities. Despite the progresses made, the economic and institutional environment of the country is still unstable, as shown by the questioning of the Production Sharing Agreement Act or the increasingly demanding access to oil resources. The BP TNK agreement is not a reproducible investment model. If there is some opening it will be on the terms set by the Russian government. (authors)

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

    International Nuclear Information System (INIS)

    Tjernshaugen, Andreas

    2002-01-01

    In a white paper on the climate policy, the Norwegian Government proposes a variety of political instruments. In the years 2005 to 2007, the Government will give priority to a quota system for the industrial sectors that are currently exempt from the CO 2 tax. At the same time, the tax on oil- and gas extraction and on traffic will be continued. In addition, a series of measures are evaluated against specific emission sources such as waste management and oil heating. For the years 2008 to 2012, which is the period of commitment under the Kyoto protocol, the CO 2 will be replaced by a broad quota system that will apply to all sources that can be technically included

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

    OpenAIRE

    Eugene Beaulieu; Matthew M. Saunders

    2014-01-01

    On December 7, 2012 the Government of Canada released a policy statement and revised the guidelines for investments by State-Owned Enterprises in the Canadian oil sands. This policy statement was in response to the proposed purchase of Nexen by the Chinese SOE, CNOOC. According to the new guidelines, foreign investors must convince the Minister of Industry that a particular investment is likely to be of net benefit to Canada and those investments by foreign SOEs to acquire controlling interes...

  3. 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.

  4. The continuing investment attraction af the North Sea to a large oil company

    International Nuclear Information System (INIS)

    Bijur, P.

    1992-01-01

    The North Sea is a success story of a partnership between government and industry in which everyone is winning. This paper considers what it will take to keep the success story going - to keep the North Sea attractive to large investors. First, the most significant of the future challenges facing investors here are outlined -competing investments, declining prospectivity and technical barriers. Some positive recommendations follow that may enable the oil industry to overcome the challenges and keep the North Sea a centre for petroleum investment into the next century. (author)

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

    International Nuclear Information System (INIS)

    Allen, W.W.

    1998-01-01

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

  6. Decree 316/011. It approve the bases for the oil companies selection process about the hydrocarbons exploration and exploitation in the Republica Oriental del Uruguay offshore Round II including the respective model contract

    International Nuclear Information System (INIS)

    2011-01-01

    This decree approve the bases for the oil companies interested in the hydrocarbons exploration and exploitation in the Republica Oriental del Uruguay. The energetic fossil research is regulated by the energetic sector with rules defined by the executive. Ancap evaluate the company proposals in relation of different topics such as drilling and processing, electromagnetism, sea floor sediments samples, oil well evidences and seismic information

  7. 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.

  8. Evaluation of Corporate Websites and Their Influence on the Performance of Olive Oil Companies

    Directory of Open Access Journals (Sweden)

    Enrique Bernal Jurado

    2018-04-01

    Full Text Available Spain is among the largest producers of organic olive in the world. Yet the Spanish organic olive oil sector faces a major commercial problem due to an internal demand that is too small to match the volume of supply. Factors that explain this problem include the scarcity and scattered nature of points of sale, the lack of information available to consumers, and the very large gulf in the price between organic and nonorganic olive oil. To address these problems, the literature highlights the key commercial role of information and communication technologies (ICTs. The corporate website is a core element around which the company’s e-commerce activity revolves. The goal of this study is to confirm the relationship between business efficiency, measured using data envelopment analysis (DEA, and the quality of the corporate website, measured using the extended Model of Internet Commerce Adoption (eMICA. Although this analysis did not identify a direct relationship between these two variables, fuzzy-set Qualitative Comparative Analysis (fsQCA revealed that combinations of elements related to corporate website quality (interactivity and processing, organizational, and structural factors (size of firm and outsourcing of ICT management can have a direct effect on organizational performance, measured in terms of economic efficiency.

  9. The role of oil palm companies in Indonesia as a nation's competitive advantage

    Science.gov (United States)

    Tampubolon, N.; Pasaribu, M.

    2017-09-01

    Indonesia is the largest world Crude Palm Oil (CPO) producer with Malaysia in second place. This agricultural commodity has become a chief Indonesian foreign exchange earner behind fossil fuel exports. In 2016, the export value of this commodity reached USD 17.8 billion. Historically, Malaysia has been more advanced in the CPO delivery, which can be explained by the general companies’environment of management, technological advancement and engineering, human resource skills and superior external support, such as road infrastructure, regulations and research& development by the industry and government. It is clear from data that the Indonesian production is disadvantaged by a wide range of inefficiencies. They range from limited technology and production management skills to limitedcultivation advancement. Applications of technical improvements are desired to enhance the national competitive advantage to the next level. This paper is an exploration of the current management culture and to consider a strategic management model that would be the most appropriate for Indonesia and would enourage high end technology and plantation management. A gradual level improvement would enable Indonesia to compete on a global scale as an industry leader in the palm oil market.

  10. Analysis of fifty year Gas Flaring Emissions from oil/gas companies in Africa

    Science.gov (United States)

    Doumbia, E. H. T.; Liousse, C.; Granier, L.; Granier, C.; Rosset, R.; Oda, T.; Hsu, F. C.

    2014-12-01

    Flaring is a process during which waste gases are burned in an open atmosphere. The quantification of gas flaring emissions represents a major scientific concern due to its magnitude and related uncertainties. In global/regional emission inventories, this source, though releasing large amounts of pollutants in the atmosphere, is still poorly quantified if not missing. It can represent the main emission source of gaseous compounds and particles in some areas, as observed during the AMMA project in the Gulf of Guinea. Our study focuses on Africa, and includes Nigeria, which is one of the largest natural oil and gas reserve in the world. Africa is an important gas flaring area, since technologies for the exploitation of this energy source and the reduction of flaring activities have been only recently implemented. We have developed an emission inventory for gases and particles from flaring in Africa. We have first compiled the few published available dataset of fuel consumption from flaring. The spatial distribution of CO2 and black carbon (BC) emissions from gas flaring in 2011 is estimated using a methodology based on field reports and remote sensing (DMSP satellite data). Our results point out to the importance of flaring activities into the regional anthropogenic emissions in Africa over the period 1960-2011. Finally, the contribution of flaring to total anthropogenic emission can be large and needs to be accurately quantified.

  11. 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.

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

    International Nuclear Information System (INIS)

    Ngoasong, Michael Zisuh

    2014-01-01

    This paper uses narrative analysis to critically examine the business practices used by five international oil and gas companies (IOCs) (Chevron, ExxonMobil, Shell, BP and Total) to respond to local content policies in petroleum-producing developing countries (Nigeria, Angola, Venezuela, Kazakhstan, Brazil, Indonesia, Yemen and Indonesia) during the period 2000–2012. The business practices include the formulation of local content strategies that are implemented through programmes and initiatives aimed at developing and using host country suppliers and workforce. Such practices and the narratives used to communicate them implicitly reflect the context in which the effectiveness of local content policies on economic development can be assessed. By comparing and contrasting the narratives across the five IOCs in relation to the wider literature, four emergent narrative strategies justifying the business practices of IOCs are identified and discussed. They include: (1) direct engagement to renegotiate local content requirements with governments, (2) legal compliance framework, (3) the business case for local content strategies, and (4) corporate social responsibility (CSR) initiatives. The conclusion considers the policy implications of these findings for local content development in petroleum-producing developing countries. - Highlights: • Local content policies define the local context that shape IOCs’ business practices. • Provides a narrative analysis of the business practices of IOCs in developing countries. • IOCs use four narrative strategies to relate their business practices to local content policies. • The business practices of IOCs can determine the effectiveness of local content policies

  13. 75 FR 61461 - Central New York Oil and Gas Company, LLC; Notice of Availability of the Environmental Assessment...

    Science.gov (United States)

    2010-10-05

    ... Compressor Station with Tennessee Gas Pipeline Company's (TGP) pipeline in Bradford County, Pennsylvania; An... Pipeline Company's and TGP's pipelines, respectively. The EA has been placed in the public files of the...

  14. 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.

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

    International Nuclear Information System (INIS)

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

    2017-01-01

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

  16. The oil companies in the year 2000: an analysis of their financial situation; Les groupes petroliers en 2000: analyse de leur situation financiere

    Energy Technology Data Exchange (ETDEWEB)

    Cueille, J.Ph. [Ecole Nationale Superieure du Petrole et des Moteurs (ENSPM), Centre economie et gestion, 92 - Rueil-Malmaison (France)

    2001-10-01

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

  17. Book received: Alois Riegl, The Origins of Baroque Art in Rome, edited and translated by Andrew Hopkins and Arnold Witte, with essays by Alina Payne, Arnold Witte, and Andrew Hopkins; Los Angeles: Getty Research Institute including contents, acknowledgments and a note on the translation.

    Directory of Open Access Journals (Sweden)

    Alois Riegl

    2010-12-01

    Full Text Available Alois Riegl, The Origins of Baroque Art in Rome, edited and translated by Andrew Hopkins and Arnold Witte, with essays by Alina Payne, Arnold Witte, and Andrew Hopkins; Los Angeles: Getty Research Institute including contents, acknowledgments and a note on the translation.

  18. 75 FR 38805 - Central New York Oil and Gas Company, LLC; Notice of Intent To Prepare an Environmental...

    Science.gov (United States)

    2010-07-06

    ... Company's (TGP) Line 300 pipeline, respectively, Two 30-inch natural gas pipelines about 900 feet long from NS2 to the interconnect with TGP. An electric substation at the NS1 compressor station; and An 1...

  19. Rethinking "energy nationalism": a study of the relationship between nation states and companies in the oil industry

    Directory of Open Access Journals (Sweden)

    NOELE DE FREITAS PEIGO

    2015-09-01

    Full Text Available ABSTRACTThe term "energy nationalism" is frequently used by academic literature and media, but usually without adequate conceptual accuracy. Despite this, a set of papers deepens the discussion on the relationship between nation states and the energy industry, especially the oil sector. These papers allow identifying fundamental elements to understand the energy nationalism, either complementary or divergent between each other. Thus, this study aims at presenting an interpretation of the concept that fills the gaps left by the above mentioned literature based on a global analysis of the oil industry structure and its historical evolution since the mid-19thcentury.

  20. 75 FR 63462 - Central New York Oil and Gas Company, LLC; Notice of Intent To Prepare an Environmental...

    Science.gov (United States)

    2010-10-15

    ... to existing interstate pipeline systems of Tennessee Gas Pipeline Company (TGP), CNYOG, and... between TGP, CNYOG, and Transco. The MARC I Hub Line Project would consist of the following facilities... southward from interconnections with CNYOG's South Lateral and TGP's Line 300 in Bradford County, through...

  1. 75 FR 38093 - ConocoPhillips Alaska Natural Gas Corporation and Marathon Oil Company; Application for Blanket...

    Science.gov (United States)

    2010-07-01

    ... located near Kenai, Alaska, to Japan and/ or one or more other countries globally with which trading is... place of business in Anchorage, Alaska, is a wholly-owned subsidiary of ConocoPhillips Company, a publicly-traded Delaware corporation. Marathon is an Ohio corporation with its principal place of business...

  2. The Factors Affecting the Adoption of Enviromental Management Accounting in the Oil Refining and Petrochemical Companies with Structural Equation Modeling Aprpoach

    Directory of Open Access Journals (Sweden)

    Zohre Karimi

    2017-07-01

    Full Text Available Introduction: Today, businesses must focus on profits on the one hand and social and environmental issues on the other hand to make balance between them. Conservation and sustainability are increasingly dependent on observance of corporate social responsibilities. For this reason, business units report on their sustainability and environmental accounting. The aim of this study was to examine and model the factors influencing the use of environmental management accounting tools from the points of view of financial managers and assistants who are in the oil refining and petrochemical companies. Method: The method used in this study was based on a descriptive survey and its design was quasi-experimental. For the field of study, a questionnaire including 5 general and 31 specific questions was used. The population consisted of financial administrators and assistants in oil refining and petrochemical companies, a subsidiary of the national oil company. There was no sampling method used and we tested the whole society including 182 people. To evaluate the reliability of the questionnaire, Cronbach’s Alpha and spilit-half were used. The measurement tools used in the study were reliable and none of the questions was removed. One sample t-test, Pearson correlation, confirmatory factor analysis, path analysis, structural equation modeling, two sample T-test and analysis of variance were performed by using LISREL and SPSS software. Results: The result of this test by using confirmatory factor analysis and structural equation test showed that the significance level of all the factors were larger than 1/96 and all the routes specified in the model were significant. Culture of the society in dealing with environmental issues, with a significance level of 5/54, had the greatest impact among the factors influencing the use of environmental management accounting tools. Conclusion: According to the results of the study, it is recommended that, by using

  3. Leading Players of the Global Oil and Gas Industry. Overview of Groups - SWOTs - Benchmarking - Company Profiles and Financials

    International Nuclear Information System (INIS)

    2017-07-01

    This study presents: The medium-term and mega trends of the industry market developments and geographical segments; The competitive landscape and the main corporate rankings; The main conclusions of the report, summarised in 10 analytical slides. Content: 1. Overview: The Sector, Ranking, Performance Analysis; 2. Company Profiles: Sinopec, PetroChina, Shell, ExxonMobil, BP, Total, Chevron, Gazprom, Lukoil, Eni; 3. Sources; 4. Annexes

  4. The value relevance of the foreign currency translation differences : a study of multinational oil and gas companies in Australia

    OpenAIRE

    Svetalna Vlady

    2008-01-01

    This paper investigates the relationship between foreign currency translation differences and changes in firm’s market equity value of the Australian multinational firms in the oil and gas industry. The paper empirically examines this relationship under the former Australian accounting standard AASB 1012 “Foreign Currency Translation”. The paper thereby supports the new accounting standard AASB 121 “The Effects of Changes in Foreign Exchange Rates” that adopted a functional currency approach....

  5. Development of High Heat Input Welding High Strength Steel Plate for Oil Storage Tank in Xinyu Steel Company

    Science.gov (United States)

    Zhao, Hemin; Dong, Fujun; Liu, Xiaolin; Xiong, Xiong

    This essay introduces the developed high-heat input welding quenched and tempered pressure vessel steel 12MnNiVR for oil storage tank by Xinyu Steel, which passed the review by the Boiler and Pressure Vessel Standards Technical Committee in 2009. The review comments that compared to the domestic and foreign similar steel standard, the key technical index of enterprise standard were in advanced level. After the heat input of 100kJ/cm electro-gas welding, welded points were still with excellent low temperature toughness at -20°C. The steel plate may be constructed for oil storage tank, which has been permitted by thickness range from 10 to 40mm, and design temperature among -20°C-100°C. It studied microstructure genetic effects mechanical properties of the steel. Many production practices indicated that the mechanical properties of products and the steel by stress relief heat treatment of steel were excellent, with pretreatment of hot metal, converter refining, external refining, protective casting, TMCP and heat treatment process measurements. The stability of performance and matured technology of Xinyu Steel support the products could completely service the demand of steel constructed for 10-15 million cubic meters large oil storage tank.

  6. Coordination of Project and Current Activities on the Basis of the Strategy Alignment Metamodel in the Oil and Gas Company

    Directory of Open Access Journals (Sweden)

    R. Yu. Dashkov

    2017-01-01

    Full Text Available Purpose: the purpose of this article is to describe the Strategy Alignment Metamodel of the project and current activities, which allows us to connect the Goals and Strategies for Phases of the project with the Goals and Strategies of the company at all levels of the organization through targeted measurement and application of Interpretive Models. Building Networks of Goals and Strategies, and adopting organizational solutions, you coordinate the interaction of the Project office and departments of the company. This methodology is based on a Logical Rationale of the Contexts and Assumptions for establishing Goals and Strategies both for the project and for the company, and on preparation of Contexts and Assumptions, Goals and Strategies Alignment Matrices, which provides a flexible adaptation to the internal and external environment in the process of selecting the most successful Strategies to achieve the Goals. Methods: this article is based on the concept of Goals-Questions-Metrics+ Strategies, which is adapted as another concept of strategic monitoring and control system of projects: Goals-Phases-Metrics+Strategies. These concepts have formed the basis of the Strategy Alignment Metamodel, where a technology of Phases Earned Value Management is used as a measurement system for the project activity, and Balanced scorecard is applied for current operations. Results: strategy Alignment Metamodel of the project and current activities of the company is proposed hereby. It uses modern strategic monitoring and control systems for projects: Goals-Phases-Metrics+Strategies, and for the company: Goals-Questions-Metrics+ Strategies. The interaction between these systems is based on Contexts and Assumptions, Goals and Strategies Alignment Matrices. The existence of such matrices greatly simplifies management decisions and prevents the risk of delays in the execution of project Phases based on rational participation and coordination of the company

  7. Human errors evaluation for muster in emergency situations applying human error probability index (HEPI, in the oil company warehouse in Hamadan City

    Directory of Open Access Journals (Sweden)

    2012-12-01

    Full Text Available Introduction: Emergency situation is one of the influencing factors on human error. The aim of this research was purpose to evaluate human error in emergency situation of fire and explosion at the oil company warehouse in Hamadan city applying human error probability index (HEPI. . Material and Method: First, the scenario of emergency situation of those situation of fire and explosion at the oil company warehouse was designed and then maneuver against, was performed. The scaled questionnaire of muster for the maneuver was completed in the next stage. Collected data were analyzed to calculate the probability success for the 18 actions required in an emergency situation from starting point of the muster until the latest action to temporary sheltersafe. .Result: The result showed that the highest probability of error occurrence was related to make safe workplace (evaluation phase with 32.4 % and lowest probability of occurrence error in detection alarm (awareness phase with 1.8 %, probability. The highest severity of error was in the evaluation phase and the lowest severity of error was in the awareness and recovery phase. Maximum risk level was related to the evaluating exit routes and selecting one route and choosy another exit route and minimum risk level was related to the four evaluation phases. . Conclusion: To reduce the risk of reaction in the exit phases of an emergency situation, the following actions are recommended, based on the finding in this study: A periodic evaluation of the exit phase and modifying them if necessary, conducting more maneuvers and analyzing this results along with a sufficient feedback to the employees.

  8. Western oil companies in the eighties and nineties: from multi-nationalization to globalization?; Les compagnies petrolieres occidentales dans les decennies quatre-vingt et quatre-vingt-dix: de la multinationalisation a la globalisation?

    Energy Technology Data Exchange (ETDEWEB)

    Bourgeois, B. [Grenoble-1 Univ., 38 (France)

    1997-12-31

    Ways and intensity of trans-nationalization process of Western oil companies have dramatically changed over the last thirty years. After a decline from 1970 to 1984, a new era of investment extraversion from home base is developing. We discuss then the extent to witch this new era is a part of a larger process of firms globalization interacting witch political internationalization. The existence of a clear globalization trend is recognized inside the oil industry, but with a persisting specificity coming from the access conditions to the oil deposits. (author)

  9. Internet: a key element in the communication of the environmental performance of the oil and gas companies; Internet: elemento chave na comunicacao da performance ambiental de empresas de oleo e gas

    Energy Technology Data Exchange (ETDEWEB)

    Andrade, Margareth Costa [PETROBRAS/LUBNOR, Fortaleza, CE (Brazil)]. E-mail: margarethandrade@petrobras.com.br; Abreu, Monica Cavalcanti Sa de [Universidade Federal do Ceara, Fortaleza, CE (Brazil). Pro-Reitoria de Pesquisa e Pos-graduacao]. E-mail: mabreu@ufc.br

    2003-07-01

    A new way of behavior called the Triple Bottom Line has emerged as a consequence of the convergence of the economical, environmental and social dimensions in the strategic planning of the companies. Transparency has being presented as one of the seven revolutions established by the Triple Bottom Line and has being driven by information technology from television satellites and Internet. Nowadays, the oil and gas companies are subjected to changes of values and ideologies of society and to pressures that come from outside of the organization and influence their performance in the market. In another point of viewing, the huge availability of information allows a comparison by benchmarking and the buildup of a performance ranking among companies. This way, the flux of information activates management tasks. This work studies the transparency level of the biggest oil and gas companies by analyzing information available in their home pages. Some aspects of behavior related to environmental performance and how they answer to the demands of the society are analyzed. The main conclusion of this study is that Internet has become a key element in the communication of the environmental performance of the oil and gas companies. (author)

  10. National companies : performance, ventures, utility

    International Nuclear Information System (INIS)

    Didier, F.

    1994-01-01

    The author shows how a performing National Company can efficiently contribute, in line with the producing State, to the negotiation with International Companies and the success of large oil ventures contemplated by reserves-short countries. Fully entrepreneurial, the National Company will usefully ''explore'' touchy matters, and bring closer national rationale and petroleum rationale. (Author)

  11. Permit to Work System Conformity Analysis based on the System Standard Criteria in an Oil and Gas Extraction Company

    Directory of Open Access Journals (Sweden)

    A. Ghahramani

    2007-04-01

    Full Text Available Background and Aims   Permit to work (PTW system as an operational control methods, is an accepted system for control of maintenance activities hazards in chemical industries. The main objective of this study was degree of conformity analysis between existing situation of PTW system and audit criteria.     Methods   In this cross - sectional study, PTW system was audited in an oil and gas extracting   industry by checklist.     Results   Major nonconformities include outdating of system legal and regulation, non existence of permit for majority of dangerous activities, unidentified training needs, incomplete  identification and risk assessment of maintenance hazards before doing them, unspecified   inspection and survey frequencies during works and nonexistence of scheduled auditing for the system.     Conclusion   PTW audit results showed that there is a noticeable gap between audit criteria and  audit evidences. So that the examined system had nonconformities in all of the checklist sections; system, training and competency, permit, coordination and monitoring.  

  12. Modeling renewable energy company risk

    International Nuclear Information System (INIS)

    Sadorsky, Perry

    2012-01-01

    The renewable energy sector is one of the fastest growing components of the energy industry and along with this increased demand for renewable energy there has been an increase in investing and financing activities. The tradeoff between risk and return in the renewable energy sector is, however, precarious. Renewable energy companies are often among the riskiest types of companies to invest in and for this reason it is necessary to have a good understanding of the risk factors. This paper uses a variable beta model to investigate the determinants of renewable energy company risk. The empirical results show that company sales growth has a negative impact on company risk while oil price increases have a positive impact on company risk. When oil price returns are positive and moderate, increases in sales growth can offset the impact of oil price returns and this leads to lower systematic risk.

  13. 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.

  14. Four state companies are markedly different

    International Nuclear Information System (INIS)

    Aalund, L.R.

    1995-01-01

    The Journal continues its profiles of state owned oil companies with a return to the Persian Gulf, South America, and a first time look at the state oil company of Romania, one of Eastern Europe's most active and oldest producers. The government of Kazakhstan's activities are also covered in this report. These profiles detail the organization of the companies, with emphasis on upstream and downstream operations. Support functions, though essential to a company, are not covered in detail. Company projects and capabilities are only described in this report when necessary to put the company in perspective. Following are the profiles of state companies for Bahrain, Kuwait, Romania, and Venezuela

  15. Company reports

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-08-15

    The information presented in this article was summarised from INMET, Australian Stock Exchange (ASX) company web sites, daily alerts and regional geologist information sourced through the Department's Mining Information Directory in December 2007. A selection of mining company information updates are given from ASX listed mineral companies currently active in the central and northern regions of Queensland. Brief details are given of exploration and new developments of 9 mineral companies, 7 coal companies and 6 petroleum and coal seam gas companies in the central region and of 23 mineral companies and one coal company in the northern region. 1 map.

  16. 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)

  17. Royal Dutch Petroleum Company annual report 1992

    International Nuclear Information System (INIS)

    Anon.

    1993-01-01

    The Royal Dutch Petroleum Company has no operations of its own and virtually the whole of its income derives from its 60% interest in the companies known collectively as the Royal Dutch/Shell Group of Companies; the other 40% is owned by the Shell Transport and Trading Company, p.l.c. The company is engaged in the oil, natural gas, chemicals, coal and metals businesses throughout the world. The annual report summarises the year's results and analyses earnings in each industry segment. Financial statements for the year ended 31 December 1992 are presented. The Group companies' estimated net quantities of crude oil, natural gas and coal are given

  18. Countries and companies

    International Nuclear Information System (INIS)

    Jenning, J.S.

    1990-01-01

    The trends and factors currently emerging are likely to have significant influence on the way the upstream oil and gas industry evolves in the coming decade. This paper discusses how these trends might influence events in the 1990s, particularly how they might influence relationships between host countries and companies in the oil industry. State owned companies will dominate the industry in resource terms. These statcos fall into three groups: a small group of technically able, financially sound, well-managed companies; a group of consumer statcos that have limited domestic production but significant domestic demand; a large group that are finding it difficult to maintain their production facilities in good standing to maximize recovery from their resources. This paper describes the future private sector as consisting of the Surviving Sisters and smaller, private companies very active in the upstream. How will these various players behave in the years to come? Conventional activity in the upstream will continue as companies seek to optimize their upstream portfolios

  19. 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)

  20. 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.

  1. The Russian oil

    International Nuclear Information System (INIS)

    Rucker, Laurent

    2003-01-01

    This article proposes a brief discussion of various assessments of Russian oil reserves, of the evolutions of Russian oil production (Russia is the second world producer after Saudi Arabia), of the distribution of Russian oil exports among various regions, and of the decrease of Russian oil consumption between 1992 and 2002. It describes the evolution of the actor system as the oil sector has been largely privatised since 1992, and indicates the main companies which should control the Russia market on a medium term. It also discusses the obstacles for the development of Production Sharing Agreements (PSA) between these companies. It addresses the issue of modernisation of the oil transport system as its status and its condition are often an obstacle to oil export for Russian companies. The article finally discusses the price issue, the relationship between Russia and other OPEC countries, and the need for huge investments

  2. Oil Spill Response Manual

    NARCIS (Netherlands)

    Marieke Zeinstra; Sandra Heins; Wierd Koops

    2014-01-01

    A two year programme has been carried out by the NHL University of Applied Sciences together with private companies in the field of oil and chemical spill response to finalize these manuals on oil and chemical spill response. These manuals give a good overview of all aspects of oil and chemical

  3. Go abroad, young company

    International Nuclear Information System (INIS)

    Harvie, W.

    1996-01-01

    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

  4. 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)

  5. The oil distribution file

    International Nuclear Information System (INIS)

    2009-01-01

    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

  6. 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...... process. It is thus a book primarily aimed at managers, but should also be useful for MBA students undertaking strategy assignments It provides helpful, practical guidance and identifies weaknesses of traditional methods. It also presents a variety of tools which may be used in the appraisal process...

  7. 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)

  8. 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)

  9. 1991 Canadian oil industry directory

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    This book provides a complete listing of oil companies operating in Canada. Each company is presented to show its entire range of activity in the petroleum industry. Included are exploration and production companies, drilling contractors, service, supply and manufacturing companies, pipeline-operators, refiners and gas processors, petrochemical plants, engineering and construction firms, associations and government agencies. Listings also include a complete description of company activity, address, phone, fax, telex and cable numbers as well as key personnel

  10. High temperature process steam application at the Southern Union Refining Company, Hobbs, New Mexico. Solar energy in the oil patch. Final report, Phase III: operation, maintenance, and performance

    Energy Technology Data Exchange (ETDEWEB)

    Wilson, L.E.; McGuire, D.R.

    1984-05-01

    This final report summarizes the technical reports for Phase III of this project. The third phase included the operation, maintenance, upgrade and performance reporting of a 10,080 square foot Solar Industrial Process Heat System installed at the Famariss Energy Refinery of Southern Union Refining Company near Hobbs, New Mexico. This report contains a description of the upgraded system, and a summary of the overall operation, maintenance and performance of the installed system. The results of the upgrade activities can be seen in the last two months of operational data. Steam production was significantly greater in peak flow and monthly total than at any previous time. Also monthly total cost savings was greatly improved even though natural gas costs remain much lower than originally anticipated.

  11. 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

    Directory of Open Access Journals (Sweden)

    Mehdi Ahmadi

    2014-11-01

    Full Text Available 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 for determining emissions of CO2 and CH4 from different sources. Results: According to the results obtained, the total amount of CO2 emissions in selected units is from the selected unit and is a significant contribution to the CH4 emissions, so that the whole amount of CO2 emissions is equal to 7739.027 tons per day and the total amount of CH4 emissions is 4 tons per day. Conclusion: Burner has the highest amount of CO2 emissions among the sources of pollutants in the fixed combustion sources; and, the highest emissions of CH4, among the exit gas sources, belong to the process of removing water. Among the exit gas sources-compressors maintenance activities the highest emissions belong to CH4. The amount of CO2 emissions from indirect sources, including electrical equipment in the studied units, are from natural gas fuel which are much more than those from fuel oils for burning. CH4 gas from volatile sources in the gas compressors have the highest emissions compared to other sources.

  12. Location and age of foraminifer samples examined by Chevron Petroleum Company paleontologists from more than 2,500 oil test wells in California

    Science.gov (United States)

    Brabb, Earl E.

    2011-01-01

    Chevron Petroleum Company in 2001 donated an estimated 50,000 foraminifer slides, 5,000 well logs, geologic and surface locality maps, and paleontologic reports to the California Academy of Sciences and Stanford University for safekeeping, because they stopped or cut back exploration for petroleum deposits in California. The material was loaned to Earl Brabb temporarily so that information useful to the U.S. Geological Survey could be extracted. Among the estimated 5,000 well logs, more than 2,500 were printed on fragile Ozalid paper that had deteriorated by turning brown and hardening so that they could be easily damaged. These 2,516 well logs were scanned to provide a digital copy of the information. The 2,516 wells extend over an area from Eureka in Humboldt County south to the Imperial Valley and from the Pacific Ocean east to the eastern side of the Great Valley and the Los Angeles Basin. The wells are located in 410 7.5-minute quadrangle maps in 42 counties. The digital information herein preserves the data, makes the logs easily distributed to others interested in subsurface geology, and makes previously proprietary information widely available to the public for the first time.

  13. Oil: Economics and politics

    International Nuclear Information System (INIS)

    Ayoub, A.

    1994-01-01

    A review is presented of the evolution of the international petroleum sector since 1973 with a special emphasis on the interdependence between the economic and political factors that influence it. Two issues are focused on: the effects of the nationalization of oil companies on the sharing of oil rents and on changes in the structure of the oil market; and the determination of oil prices. Definitions are presented of oil rents, and the reasons for OPEC nationalization of oil companies are explored. The effects of nationalization on market structures, expansion of free markets, and vertical integration are discussed. The existence of an oil price floor and the reasons for such a floor are examined. It is shown that nationalization induced an internalization of rents by the producing countries, leading to the emergence of a differential rent supported by the politics of the industrialized countries. Nationalization led to the breakup of systems of vertical and horizontal integration, with replacement by a new dual structure with OPEC controlling the upstream activities of the oil sector and oil companies controlling the downstream ones. Prices move between a floor price set by the costs of substitute deposits in the U.S., while the determination of ceiling levels by OPEC rests on successive fragile compromises. Overall oil is still a strategic product, despite the existence of spot markets, forward trading options, etc. 29 refs

  14. 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)

  15. The oil market

    International Nuclear Information System (INIS)

    Amic, E.; Lautard, P.

    1999-01-01

    This chapter examines the structure of the oil industry and the impacts of the oil markets on the hedging strategies of the energy consumers, the oil company, and the energy derivatives' provider. An introduction to market perspectives is presented, and the hedging operations in the jet fuel market in the airline sector are discussed. Trading and risk management within an oil company, the derivatives provider, trading derivatives in a multi-dimensional world, locational risks, and the modelling of term structure and the role of storage are considered. Industrial spreads and the role of refining, future market developments and market strategies for crude oil and oil products, and marketing packages and market risk are addressed

  16. Development of optimal strategies in executive management of special waste resulting from dredging of oil products reservoirs using SWOT and QSPM method in National Iranian Oil Product Distribution Company

    Directory of Open Access Journals (Sweden)

    Monireh Abbasi

    2017-09-01

    Full Text Available Mismanagement of special wastes can bring about destructive environmental effects. Therefore, development of strategic solutions in this sector requires a special attention. SWOT analysis was benefited from in this research as an instrument for planning special waste management system. In order to achieve an acceptable point in special waste management resulting from dredging of reservoirs, internal and external factors in the company were investigated. Then, optimal strategies were developed and eventually in order to specify the relative attractiveness of the determined strategies, Quantitative Strategic Planning Matrix (QSPM matrix was employed. Based on Internal Factor Evaluation and External Factor Evaluation matrices, it was found that the strong points were more than the weak points, while the available opportunities are less than the threats. Out of the developed strategies, construction of a suitable site to maintain the oily sludges according to environmental requirements are among the top priorities of the strategies.

  17. SAFER - Company Snapshot - SAFER - Company Snapshot

    Data.gov (United States)

    Department of Transportation — The Company Snapshot is a concise electronic record of company identification, size, commodity information, and safety record, including the safety rating (if any),...

  18. Big russian oil round

    International Nuclear Information System (INIS)

    Slovak, K.; Beer, G.

    2006-01-01

    The departure of Mikhail Khodorkovsky has brought an end to the idyllic times of supplies of Russian oil to the MOL-Slovnaft group. The group used to purchase oil directly from Yukos. But now brokers have again entered the Central European oil business. And their aim is to take control over all of the oil business. The Russians demonstrated the changed situation to Slovakia last autumn: you will either accept the new model, or there will be problems with oil deliveries. Consumers got the message. The main brokers of Russian oil in Central Europe are the Swiss companies Glencore and Fisotra. Little information is available regarding these commodity brokers. But the information available is sufficient to indicate that these are not small companies. Glencore undertakes 3% of all international oil trades. With an annual turnover of 72 billions USD, it was the biggest Swiss company by turnover in 2004. Fisotra also has an extensive product portfolio. It offers financial and commercial services and does not hide its good relations with Russian oil companies. Between 1994 and 1998, it managed their financial operations with major western companies such as BP, Cargill, Elf, Exxon, Shell, Total, and Mutsubishi and also with Glencore. Fisotra states that some of its clients achieved an annual turnover of 1.5 billions USD. At present, the Swiss brokers receive a fee of 1 to 1.5 USD per barrel. The Russian political elite must be aware of these brokerage services as the oil transport through the transit system is closely monitored by the state owned company Transneft. (authors)

  19. The oil and oil services industry international context 2008

    International Nuclear Information System (INIS)

    Serbutoviez, S.; Silva, C.

    2008-11-01

    Oil companies rarely do their own major work within the framework of their investments or in the operation of their facilities. They most often act as project coordinators, thereby opening up a vast market for equipment, services and engineering, involving many companies of widely-varying sizes, which constitute the oil services industry. This document provides a panorama of the international oil context in three distinct parts, for 2007, for the first three quarters of 2008, and aspects of trends for 2009. - The first part is devoted to a rapid description of the oil context and the economic environment in which it is evolving. - The second part examines the evolution of world investment in exploration-production (E and P) activities, distinguishing the investments made by oil and oil product/service companies throughout the E and P chain from the more targeted ones of three specific sectors: seismic, drilling and the construction of offshore production equipment. These markets are observed exclusively for oil product/service companies. - The last part is devoted to investments in the refining sector, focusing on the changes in the fundamentals, particularly the equilibrium between refining capacities and medium- term oil demand. This latter analysis involves both oil and oil product/service companies. (authors)

  20. The oil and petroleum industry. 20. ed.

    International Nuclear Information System (INIS)

    1992-01-01

    This financial survey is a compilation of financial and marketing data on oil and petroleum industry companies in the United Kingdom. It includes quoted companies in the production and distribution industry, unquoted companies in the exploration and production industry, unquoted companies in the refining and distribution industry, a geographical index and an alphabetical index. (UK)

  1. Plans to revive oil fields in Venezuela on track

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports on the three operating units of Venezuela's state owned oil company Petroleos de Venezuela SA which will begin receiving bids Feb. 28 from companies interested in operating 55 inactive oil fields in nine producing areas of Venezuela. Francisco Pradas, Pdvsa executive in charge of the program, the the company expects 88 companies or combines of foreign and domestic private companies to participate in the bidding. The program, announced last year, aims to reactivate production in marginal oil fields. It will involve the first direct participation by private companies in Venezuela's oil production since nationalization in 1976

  2. Avoiding the Oil Curse in Ghana

    African Journals Online (AJOL)

    chifaou.amzat

    2013-09-28

    Sep 28, 2013 ... in the 'oil communities' and the oil companies – that have been 'forgotten' by the government and yet are .... resources like oil tend to set in motion an array of challenges that can lead to socio-economic and political ... complements the analysis by considering Nigeria's experience with oil. Fi- nally, section 5 ...

  3. Middle East and North African Oil.

    Science.gov (United States)

    Al-Quazzaz, Ayad

    1981-01-01

    Traces the history of oil and natural gas in the Middle East and relates the importance of the Middle East's current stores of oil to economic development. Information is presented on the relationship of major oil companies and local governments, OPEC, rate of production, and the impact of oil on the societies of the Middle East and North Africa.…

  4. Company profile: Big changes revive independent's profits

    International Nuclear Information System (INIS)

    Tippee, B.

    1996-01-01

    In 4 years' time, American Exploration has changed from an aggressive acquirer and manager of producing properties for institutional investors into a geographically focused independent producer dedicated to making money by finding and producing oil and gas. Through its adaptations to unexpectedly stagnant oil prices, American Exploration reflects the type of top-to-bottom changes many independent producers have made to survive a brutal decade. It also demonstrates that an independent producer can prosper in the absence of ever-rising prices: the company reported net income of $3.9 million last year following a $54.8 million loss--much of it related to an accounting change--in 1994 and a string of losses before that. In an interview with Oil and Gas Journal, Andrews discussed his company's transformation and financial turnaround, his new appreciation for the balance between capital and technology, and future directions of his company and industry

  5. Dynamic international oil markets

    International Nuclear Information System (INIS)

    van der Linde, C.

    1992-01-01

    Dynamic International Oil Market Developments and Structure 1860-1990 discusses the logic of changing market structures of the international oil industry. The market structures have, in the course of time, oscillated between competition and oligopoly, as the oil market expanded, matured, stagnated, and expanded again. This book provides a dynamic interpretation of the intensifying struggle among producer, and consumer governments, and oil companies, over the distribution of economic rents and profits. In particular, it shows the shifting fortunes of the governments and companies as they try to control the recurring capacity constraints between the upstream and downstream sectors, generated by the instability of the oil market. The first part of the book examines market conditions and developments between 1860 and 1990; the second part analyzes market structures after 1945

  6. Future of oil and gas

    International Nuclear Information System (INIS)

    Gatermann, R.; Ten Hoedt, R.

    2009-01-01

    Two articles in the section 'Future of oil and gas': one ('Baltic strained by oil traffic') on the growing risks of accidents in maritime traffic in the Baltic region, and one ('Angola wants bigger piece of the pie') on the importance of the oil production in Angola to energy supplies in Europe and the USA. It appears that national oil company Sonango wants to have a greater part of the profits

  7. The oil barrel price

    International Nuclear Information System (INIS)

    Blondy, J.; Papon, P.

    2009-01-01

    This paper proposes an overview and a prospective glance on the oil barrel price. It indicates the relevant indicators: Brent quotation, euro/dollar parity, economic activity indicators, world oil consumption distribution, crude oil production, refining capacity. It briefly presents the involved stake holders: crude oil producers, oil refiners, refined product dealers, and the OPEC. It discusses the major retrospective trends: evolution in relationship with geopolitical events and energy policies, strong correlation between oil demand and economic growth, prevalence of OPEC, growing importance of national oil companies. An emerging trend is noticed: growing role of emerging countries on the crude market. Some prospective issues are discussed: duration and intensity of economic recession, separation between economic growth and energy consumption, pace and ambition level of policies of struggle against climate change, exploitable resources, and geopolitical hazards. Four evolution hypotheses are discussed

  8. Petrochema looks for oil

    International Nuclear Information System (INIS)

    Beer, G.

    2006-01-01

    Petrochema Dubova has announced mass redundancies. The company managers, however, keep stressing that this does not mean the end of this Central Slovak refinery. Company management is searching intensely for low-sulphur oil that would help to bring back life to their fractionating column and start up production of light fuels and oils. The company has not used its equipment to produce products directly from oil for over two years. It used to specialise in the sale of oil products it purchased from other producers. About three months ago, the ownership of Petrochema changed once again. Petroinvest Bratislava became the new 100-percent owner of the company. It invested 35 mil. Sk (945-thousand EUR) in Petrochema's registered capital. The new owner has relations with people who used to cooperate with the Slovak investment group, Istrokapital. They bought Petrochema from the Czech company, Annectis. The new owners are talking about restructuring. 'We have not entered into any agreements on the purchase of oil as we did not know what the technical condition of the refinery was. Currently, we are looking for oil that meets the technological parameters of the technology used at Dubova,' said a member of the supervisory board of Petrochema, Miroslav Remeta. It is quite difficult to purchase oil for the company as the technology used for processing dates back to the first half of the last century. It requires low-sulphur oil with minimum paraffin content. In the past, the most suitable raw material used to come from Nafta Gbely. Later, the company started cooperation with Kazakhstan. 'We have to find a long-term partner to make the operation of the fractionating column profitable,' said M. Remeta. The company can process about 12-thousand tons a month. That is about 12 trainloads. In order to launch production it needs to have enough supply to cover for unreliable deliveries from unpredictable countries. 'Funds for the purchase of the oil are available from private sources

  9. Corporate Social Responsibility in the Angolan Oil Industry

    OpenAIRE

    Arne Wiig

    2005-01-01

    What are the responsibility of oil companies in resource rich countries? Do they take these responsibilities? Based on a utilitarian perspective and theories of the resource curse, we discuss the oil companies' corporate social responsibility (CSR) when a resource rich country such as Angola lacks accountable public institutions. We also analyse the type of responsibility oil companies take and factors driving corporate social responsibility. From undertaking a survey among oil service firms ...

  10. OIL AS POLITICAL WEAPON

    Directory of Open Access Journals (Sweden)

    Mariana, BUICAN

    2013-12-01

    Full Text Available Oil (called by some black gold has not always been as coveted and used, but only in the last hundred years has established itself as a highly sought after as an indispensable proper functioning of modern economic activity that an important factor in international politics. International oil regime has changed in the last decades. In 1960, oil regime was a private oligopol which had links with governments main consuming countries. By then the price of a barrel of oil was two U.S. dollars and seven major transnational oil companies decided the amount of oil that will be produced. Meanwhile the world region with the largest oil exports were more strongly expressed nationalism and decolonization. Result, it was so in the late 60s in the region occur independent states. They have created an organization aim of this resource to their advantage - OPEC (Organization of Petroleum Exporting Countries. Thus since 1973 there have been changes in the international regime governing oil field, namely producing countries were fixed production rate and price. After this time the oil weapon has become increasingly important in the management of international relations. Oil influenced the great powers to Middle East conflicts that occurred in the last century, but their attitude about the emergence of new sources of oil outside OPEC. In the late 90's, Russia has become a major supplier of oil to the West.

  11. Financial Times oil and gas international year book 1994

    International Nuclear Information System (INIS)

    Williams, Julian

    1993-01-01

    The greater part of this book aims to provide narrative, production and financial details of major oil and gas companies, both upstream and downstream, across the world. Smaller sections give details on major oil and gas brokers and traders, and on the principal oil and gas associations. These sections are arranged alphabetically by company name. A geographical index towards the end of the book enables the user to identify upstream companies exploring for or producing oil and gas in particular areas. The company index includes every company mentioned in the book and includes all subsidiary and related companies to the major companies. Four introductory tables give data on world petroleum production, oil refining, tanker tonnage and oil consumption. (Author)

  12. European Union and oil

    International Nuclear Information System (INIS)

    Paillard, Christophe Alexandre

    2004-01-01

    In a context of oil price increase, problems about a Russian oil company (Loukos), and uncertainties in the Middle-East, the possibility of a new oil shock is a threat for Europe, and raises the issue of a true European energy policy which would encompass, not only grid development, environmental issues or market regulation issues, but also strategic issues related to energy supply security. This article proposes an overview of the European policy: first steps for a future European energy and oil policy in the green paper of the European Commission published in November 2000, issues of pollution and safety for hydrocarbon maritime transport. The article then examines the possibility of a third oil shock due to a crisis in the Middle East, and discusses whether European must have strategic stocks to face an outage of oil supplies

  13. Ethics and the oil industry

    International Nuclear Information System (INIS)

    Bauquin, P.R.

    2001-01-01

    In many countries public opinions are more and more sensitive to ethical issues linked to the manner in which industries and particularly oil companies behave. Oil companies are frequently unpopular, among the public both in producing and consuming countries. After a brief analysis of the reasons for this unpopularity, the author attempts to show both the ambiguities surrounding the question of ethics, and its complexity. This is especially true when oil companies have to work in countries which are destabilized, and in which disturbances - or even civil wars - may be fuelled by the important revenue streams resulting from the oil production. The various ethical issues are reviewed, from human rights to political interference, without omitting global or local environmental problems. Despite the very deep roots of the various issues the author believe some progress is achievable and advocates that the oil industry lead the way in this difficult domain. (author)

  14. Oil industry. A hard after-party

    International Nuclear Information System (INIS)

    Remoue, A.

    2009-01-01

    Since the beginning of the year 2009, the oil barrel price stagnates again at a three-time lower level than 8 months ago, compelling the oil companies to change their project schedule, and the para-petroleum industry to reduce its costs. The economic impact is more important for national companies than for oil majors. However, cost saving are implemented by all to save their margin. The first impact concerns the para-petroleum companies which will have to adapt their tariffs to the new situation. When the economy will start up again there is strong probabilities that the oil demand will decline thanks to changes in consumers' behaviors. (J.S.)

  15. Evaluation efficiency young specialist program example CJSC "Siberian service company"

    OpenAIRE

    Горбачева, О. А.; Пожарницкая, Ольга Вячеславовна

    2016-01-01

    There is a tendency to increased competition among service companies in the oil and gas industry. Personnel policies should provide training of qualified personnel, as well as to exclude staff turnover. The article analyzes the young specialist program in CJSC "Siberian Service Company". Proposed improvement this program by introducing a points system to encourage successful professionals.

  16. 77 FR 21106 - Notice of Proposed Reinstatement of Terminated Oil and Gas Lease NDM 95190, North Dakota

    Science.gov (United States)

    2012-04-09

    ...), ABACO Energy LLC, Brent Clum, Cody Oil & Gas Corporation, Earthstone Energy Inc., Global Gas & Oil LLC..., Northern Energy Corporation, Panther Energy Company LLC, David Peterson, Rainbow Energy Marketing...

  17. Oil: Reopening the door

    International Nuclear Information System (INIS)

    Stanislaw, J.; Yergin, D.

    1993-01-01

    Oil-exporting nations are seeking the capital, technology, and management skills of the very international oil companies they shut the door on in the 1970s. Driving the changed relationship is broadened competition for market share and needed investments that meet the double criteria of economic and environmental competitiveness. Now flat, oil demand could increase by 20 percent in the next decade, pushed by Asia's economic growth. Even with the opening of Russia, most increased production can be expected from the Middle East, maintaining that troubled region's strategic importance. 5 refs

  18. Fuel oil and kerosene sales 1997

    International Nuclear Information System (INIS)

    1998-08-01

    The Fuel Oil and Kerosene Sales 1997 report provides information, illustrations and state-level statistical data on end-use sales of kerosene; No. 1, No. 2, and No. 4 distillate fuel oil; and residual fuel oil. State-level kerosene sales include volumes for residential, commercial, industrial, farm, and all other uses. State-level distillate sales include volumes for residential, commercial, industrial, oil company, railroad, vessel bunkering, military, electric utility, farm, on-highway, off highway construction, and other uses. State-level residual fuel sales include volumes for commercial, industrial, oil company, vessel bunkering, military, electric utility, and other uses. 24 tabs

  19. Fuel oil and kerosene sales 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-08-01

    The Fuel Oil and Kerosene Sales 1997 report provides information, illustrations and state-level statistical data on end-use sales of kerosene; No. 1, No. 2, and No. 4 distillate fuel oil; and residual fuel oil. State-level kerosene sales include volumes for residential, commercial, industrial, farm, and all other uses. State-level distillate sales include volumes for residential, commercial, industrial, oil company, railroad, vessel bunkering, military, electric utility, farm, on-highway, off highway construction, and other uses. State-level residual fuel sales include volumes for commercial, industrial, oil company, vessel bunkering, military, electric utility, and other uses. 24 tabs.

  20. Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

    National Research Council Canada - National Science Library

    Blanchard, Christopher M

    2008-01-01

    ... and natural gas resources. A group of four proposed laws includes an oil and gas sector framework law and three supporting laws that would outline revenue sharing, restructure Iraq's Ministry of Oil, and create an Iraqi National Oil Company...

  1. Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

    National Research Council Canada - National Science Library

    Blanchard, Christopher M

    2008-01-01

    ... and natural gas resources. The package includes an oil and gas sector framework law and three supporting laws that would outline revenue sharing, restructure Iraq 's Ministry of Oil, and create an Iraqi National Oil Company...

  2. Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

    National Research Council Canada - National Science Library

    Blanchard, Christoper M

    2007-01-01

    ... and natural gas resources. The package includes an oil and gas sector framework law and three supporting laws that would outline revenue sharing, restructure Iraq's Ministry of Oil, and create an Iraqi National Oil Company...

  3. Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

    National Research Council Canada - National Science Library

    Blanchard, Christopher M

    2007-01-01

    ... and natural gas resources. The package includes an oil and gas sector framework law and three supporting laws that would outline revenue sharing mechanisms, restructure Iraq 's Ministry of Oil, and create an Iraqi National Oil Company...

  4. Business is business : China's petroleum companies come of age

    International Nuclear Information System (INIS)

    Gault, S.

    2006-01-01

    An overview of the Chinese oil and gas industry was presented. The Chinese oil and gas sector has undergone massive changes since the monolithic Chinese Ministry of Petroleum Industry (MPI) organized large-scale oil and gas projects in the form of massive campaigns during the revolutionary period. During the 1980s, the MPI was divided into 4 sectors: (1) the China National Petroleum Company (CNPC) which controlled exploration and production onshore; (2) the China National Offshore Oil Company; (3) Sinopec, which acquired control over refining processes; and (4) Sinochem, which was responsible for importing and exporting crude oil. Although many of the production units of these companies went public on the Shanghai and Shenzhen stock exchanges, the president of CNPC is still appointed by the State Council. China recognized that a fundamental overhaul of the industry would be necessary to withstand international competition after it applied for WTO membership in 2001. Various national oil companies were dismantled and core businesses were consolidated. Three vertically integrated oil companies emerged : PetroChina International; Sinopec; and CNOOOC Ltd. The Chinese government has maintained majority ownership in all cases, which has led to significant financial advantages for the 3 companies. The political imperative to maintain social stability has prevented China's government from lifting pricing controls on many refined products. A failed takeover bid of Unocal that failed has caused China to lose faith in America's commitment to free market principles. China began buying oil reserves in Alberta in 1992, and made a number of important acquisitions in 2005. China is now considering purchasing an equity stake in an oil sands project, but has had difficulties in finding Canadian partners. 1 fig

  5. CNG: Aiming to be an energy company, not a gas company

    International Nuclear Information System (INIS)

    Wheatley, R.

    1997-01-01

    Long before regulatory changes in the US paved the way for the union of natural gas and electric utility companies, Consolidated Natural Gas Co. (CNG) embarked on a strategy that would serve the company well in the 1990s. In 1995, CNG began a corporate repositioning to meet mounting competition, switching emphasis from its regulated businesses to the non-regulated side. The goal: to become an energy player, not only in the US but internationally. This paper focuses on the company's operations, business plans, and management strategies. The paper gives an overview, then discusses production of oil and gas, the growing exploration program and plans for the future

  6. Global gas company profiles

    International Nuclear Information System (INIS)

    1997-01-01

    This report provides a detailed assessment of 60 of the top gas companies form around the world, analysing them according to their internal dynamics and in relation to their competitors. It devotes each chapter to an individual company, providing invaluable insight into the organisation's operational background, financial performance and strategic goals. Using the most up-to-date information available, Global Gas Company Profiles allows you to make detailed analysis of each company's performance and future direction. (author)

  7. Intégration verticale et niveau du risque au sein des compagnies pétrolières internationales. Impact sur la volatilité des bénéfices de 15 compagnies entre 1980 et 1989 Vertical Integration and Risk Level in International Oil Companies

    Directory of Open Access Journals (Sweden)

    Perruchet D.

    2006-11-01

    leur bénéfice global du fait d'une intégration verticale importante. Ainsi, trois facteurs agissent principalement sur la stabilité des profits des compagnies pétrolières : la taille de la firme, la diversification géographique des activités, l'intégration verticale. Cette dernière caractéristique peut compenser la faiblesse relative dans les autres domaines. Enfin, on peut noter que l'intégration verticale semble particulièrement bien adaptée en période de forte variation des prix du brut. International companies are usually active in several sectors of activity throughout petroleum operations. Different petroleum activities (exploration, production, transport, refining, distribution, etc. are grouped in two sectors that are said to be complementary, i. e. upstream and downstream. The term vertical integration is used to express the fact that the same company is present both upstream and downstream. Vertical integration is examined here for the 1980-1989 period via a sampling (representative of the diversity of sizes and situations of fifteen oil companies : Exxon, Royal Dutch-Shell, British Petroleum, Mobil, Amoco, Atlantic Richfield, Phillips, Conoco, Occidental Petroleum, Unocal, Sun, Arrierada Hess, Keer McGee, Murphy, and Tosco. Vertical integration is measured by a simple physical ratio, i. e. the ratio of the annual volume of liquid hydrocarbons produced to the annual volume of hydrocarbons refined. The volumes of activity of the two sectors considered have contrasting evolutions depending on the companies and years. Whereas in most companies the volumes of crude oil produced have been increasing, there is in particular a decrease in the volumes processed downstream. The sampling of companies retained reveals a highly contrasting situation in the levels of integration. Nonetheless, for the companies examined as a whole, vertical integration increased slightly during the period considered. Indeed, the search for more complete vertical integration

  8. Diversification of Oil and Gas Companies’ Activities in the Condition of Oil Prices Reduction and Economic Sanctions

    Directory of Open Access Journals (Sweden)

    Anastasia V. Sheveleva

    2016-01-01

    Full Text Available This article analyzes the influence of the economic sanctions imposed from the USA and the EU and oil prices reduction on the oil and gas companies and the directions of diversification of their activity as a method of management of price risks are considered. In the modern dynamic and quickly developing world, in the conditions of globalization and market economy, the oil and gas companies are affected by various risks which can exert negative impact on production and financial results. Risks can arise in absolutely various spheres, beginning from natural and technological hazards, and finishing with price risks. Sharp reduction of oil prices and decrease in demand for energy resources in the world markets, first of all in the European countries, input of financial or technological sanctions from the USA and Europe against Russia in 2014 has caused necessity of search a new more effective methods of price risks management of the oil and gas company. The methods of price risk management include the creation of commodity reserves, the establishment of a reserve fund, long-term contracts, subsidies from the state and the diversification of activities. The most effective it is possible to offer diversification of oil and gas companies' activity. It is expedient to carry out diversification of oil and gas companies' activity in such directions as geographical diversification of the oil, oil products and gas realization directions, geographical diversification of oil and gas companies' purchasing activity, diversification of oil, oil products and gas transportation ways, diversification of oil and gas companies' business. This approach allows to expand the activities of the oil and gas companies and create additional ways to generate revenue and enhance efficiency of oil and gas companies.

  9. MERGER ACCOUTING FOR COMPANIES

    Directory of Open Access Journals (Sweden)

    SUCIU GHEORGHE

    2014-05-01

    Full Text Available Companies, especially nowadays, are characterized through great mobility, fast circulation of capital, occurring in their chase for profit. In this context, companies look for alliances, economical and political assistance. These objectives can materialize through merging of companies. The merger can be internal (between Romanian companies or transboundary, which includes foreign companies. In order to correctly reflect these events, the merger operations must be regulated and must respect national and international regulations. One important request concerning the merger operations is that the accounting values of the assets, debts and ownership equity must be brought to the present financial value.

  10. The central question for the oil industry

    International Nuclear Information System (INIS)

    2001-01-01

    The principal question for the world's oil industry is how to replace today's and tomorrow's consumption of oil with new reserves. This is very important for the oil companies. Reduced reserves mean reduced values, which immediately has an impact on the balance sheet and the share price. The next ten years the world will consume over 300 billion barrels of oil and it may appear very difficult to replace this with new reserves

  11. Diesel oil

    Science.gov (United States)

    Oil ... Diesel oil ... Diesel oil poisoning can cause symptoms in many parts of the body. EYES, EARS, NOSE, AND THROAT Loss of ... most dangerous effects of hydrocarbon (such as diesel oil) poisoning are due to inhaling the fumes. NERVOUS ...

  12. Palm Oil

    Science.gov (United States)

    Palm oil is obtained from the fruit of the oil palm tree. Palm oil is used for preventing vitamin A deficiency, cancer, ... high blood pressure, high cholesterol, and cyanide poisoning. Palm oil is used for weight loss and increasing the ...

  13. Computer solutions for fuel oil marketers

    Energy Technology Data Exchange (ETDEWEB)

    Berst, J.; Kinley, P.

    1985-03-01

    The use of computers in fuel oil marketing is discussed. A Maine company, Wright Express Corporation, is trying to increase interest in a new computer network that would cater to the needs of fuel oil and petroleum distribution centers. The company has launched a nationwide marketing campaign hoping to attract service stations and companies that operate large motor vehicle fleet operations such as heating oil dealers. Users would access the system in much the same way a bank's customers use electronic funds transfer systems.

  14. Oil: economic and political factors

    International Nuclear Information System (INIS)

    Ayoub, A.

    1994-01-01

    This article deals with the evolution of the international petroleum sector since 1973 with a special view to interdependence between the economic and political factors that influence it. Two issues are focused upon: (1) the effects of the nationalization of oil companies on the sharing of oil rents and on changes in the structure of the oil market; and (2) the determination of oil prices. The latter involves a discussion of, on the one hand, the political and economic behaviour of the United States and Saudi Arabia and, on the other, the combination of cooperation and conflict that has tended to characterize relations among OPEC countries. (author). 30 refs

  15. Sudan: the human price of oil

    International Nuclear Information System (INIS)

    2000-01-01

    This series of eight information bulletins by Amnesty International is intended to draw attention to the link between the massive human rights violations by the security forces of the Government of Sudan and various government-allied militia forces, and the oil operations by foreign companies (which include Canada's Talisman Energy, Denim Pipeline Construction Ltd., and Roll'n Oil Field Industries). The human rights violations cited by Amnesty International include atrocities and the forcible internal displacement of large populations of local people living in the oil fields and surrounding areas. It is alleged that the foreign oil companies involved in this lucrative operation expect the Sudanese government to provide a secure environment and protect oil company staff and assets, and turn a blind eye to human rights violations by the government security forces in the name of protecting the security of the oil-producing areas. In raising awareness of the problem, Amnesty International hopes to establish a dialogue with the foreign oil companies and sensitize them to their responsibilities to promote a better human rights environment in the areas where they are active in oil exploration and extraction. The information bulletins provide a background to the problem; detail the human rights violations committed in the name of oil; establish the link between oil, weapons purchases by the Sudanese government and human rights violations; describe the oil companies and their responsibilities and international standards on internal displacement of populations; and makes recommendations to the Government of Sudan, to the armed opposition groups, to the oil companies and to the international community at large to bring an end to the human rights violations that over the last three decades have cost tens of thousands of lives and displaced hundreds of thousands of people

  16. Sudan: the human price of oil

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2000-05-03

    This series of eight information bulletins by Amnesty International is intended to draw attention to the link between the massive human rights violations by the security forces of the Government of Sudan and various government-allied militia forces, and the oil operations by foreign companies (which include Canada's Talisman Energy, Denim Pipeline Construction Ltd., and Roll'n Oil Field Industries). The human rights violations cited by Amnesty International include atrocities and the forcible internal displacement of large populations of local people living in the oil fields and surrounding areas. It is alleged that the foreign oil companies involved in this lucrative operation expect the Sudanese government to provide a secure environment and protect oil company staff and assets, and turn a blind eye to human rights violations by the government security forces in the name of protecting the security of the oil-producing areas. In raising awareness of the problem, Amnesty International hopes to establish a dialogue with the foreign oil companies and sensitize them to their responsibilities to promote a better human rights environment in the areas where they are active in oil exploration and extraction. The information bulletins provide a background to the problem; detail the human rights violations committed in the name of oil; establish the link between oil, weapons purchases by the Sudanese government and human rights violations; describe the oil companies and their responsibilities and international standards on internal displacement of populations; and makes recommendations to the Government of Sudan, to the armed opposition groups, to the oil companies and to the international community at large to bring an end to the human rights violations that over the last three decades have cost tens of thousands of lives and displaced hundreds of thousands of people.

  17. Oil Spills

    Science.gov (United States)

    ... up. How Oil Harms Animals and Plants in Marine Environments In general, oil spills can affect animals and plants in two ways: from the oil ... up. How Oil Harms Animals and Plants in Marine Environments In general, oil spills can affect animals and plants in two ways: from the oil ...

  18. Suffield a cornucopia for Alberta energy company

    International Nuclear Information System (INIS)

    Thomas, A.

    1995-01-01

    Operations of the Alberta Energy Company's (AEC) Suffield properties in southern Alberta, the company's major production area, were reviewed. With a staff of just over 100, Suffield was said to produce an average of 180 million cubic feet of natural gas and more than 4100 barrels of oil per day. Suffield's remaining reserves were estimated to be 814 billion cubic feet of gas and 6.4 million barrels of oil. The field was expected to be in production for the next 20 years. A master plan to minimize normal field decline and control operating costs at Suffield was developed by AEC. Cloning gas storage plants was one of the methods used by for cost control. Designing and constructing identical gas plants was another means of producing major savings, especially in areas such as equipment purchase, and construction

  19. Open Source Telecommunication Companies

    Directory of Open Access Journals (Sweden)

    Peter Liu

    2007-08-01

    Full Text Available Little is known about companies whose core business is selling telecommunications products that lever open source projects. Open source telecommunications (OST companies operate in markets that are very different from typical software product markets. The telecommunications market is regulated, vertically integrated, and proprietary designs and special chips are widely used. For a telecommunications product to be useful, it must interact with both access network products and core network products. Due to specifications in Service Agreements Levels, penalties for failures of telecommunications products are very high. This article shares information that is not widely known, including a list of OST companies and the open source projects on which they depend, the size and diversity of venture capital investment in OST companies, the nature of the commercial product-open source software and company-project relationships, ways in which OST companies make money, benefits and risks of OST companies, and competition between OST companies. Analysis of this information provides insights into the ways in which companies can build business models around open source software. These findings will be of interest to entrepreneurs, top management teams of incumbent companies that sell telecommunications products, and those who care about Ontario's ability to compete globally.

  20. Radium in diesel oil

    International Nuclear Information System (INIS)

    Kulich, J.

    1977-05-01

    In order to determine the addition of radon and radium to the air in mines, originatiny from the combustion of petroleum, measurements of the content of radium in diesel oil have been performed. Knowing the radium content theradon content can easily be calculated. The procedures used for the chemical analysis of radium is desribed. The ash remaining after combustion of the diesel oil is soluted in water and radium is precipiated as sulphate. The radium is detected by a ZnS (Ag) detector. The diesel oils from different petroleum companies contained between o.019-0.5pCi radium - 226. The conclution is that the consumption of diesel oils in motors used in mines does not contribute to the radium - 226 content at the air move than permissible according to norms.(K.K.)

  1. Ozonated Olive Oils and Troubles

    Directory of Open Access Journals (Sweden)

    Bulent Uysal

    2014-04-01

    Full Text Available One of the commonly used methods for ozone therapy is ozonated oils. Most prominent type of used oils is extra virgin olive oil. But still, each type of unsaturated oils may be used for ozonation. There are a lot of wrong knowledge on the internet about ozonated oils and its use as well. Just like other ozone therapy studies, also the studies about ozone oils are inadequate to avoid incorrect knowledge. Current data about ozone oil and its benefits are produced by supplier who oversees financial interests and make misinformation. Despite the rapidly increasing ozone oil sales through the internet, its quality and efficacy is still controversial. Dozens of companies and web sites may be easily found to buy ozonated oil. But, very few of these products are reliable, and contain sufficiently ozonated oil. This article aimed to introduce the troubles about ozonated oils and so to inform ozonated oil users. [J Intercult Ethnopharmacol 2014; 3(2.000: 49-50

  2. Privatised companies and market

    International Nuclear Information System (INIS)

    Salini, M. P.

    2001-01-01

    The Italian Government decided to adopt the public company structure where a little group of medium-term investors had the task of supporting the transition of the privatised companies to the market. The article examines the reasons for this decision and its failure in attaining the purpose, not excluding the possibility for the public company of imposing itself in the long period and in a context of a minor legislative intervention and more effective Corporate Governance rules [it

  3. Public Shareholdership Energy Companies

    International Nuclear Information System (INIS)

    Kist, A.W.; Crone, F.J.M.; Hudig, D.F.; Ketting, N.G.; De Swaan, T.; Willems, R.

    2008-06-01

    National and international developments on the energy markets and changes in legislation and regulation require a renewed strategic orientation of energy companies and their shareholders. Decentralized authorities will have to reconsider their position as a shareholder in energy companies carefully. This report provides an overview of the recommendations of the Kist Commission on how provinces and municipalities can make a well-considered choice as shareholder of energy companies. [mk] [nl

  4. The Danish East India Company

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    2005-01-01

    The article analysis the first Danish East India Company incorporated in 1616, which was the first Danish Stock Company and which has impacts even on modern Danish company la......The article analysis the first Danish East India Company incorporated in 1616, which was the first Danish Stock Company and which has impacts even on modern Danish company la...

  5. Russian oil policy under Putin in perspective

    International Nuclear Information System (INIS)

    Rossiaud, S.

    2009-01-01

    This article intends to explain and evaluate the interactions between the three developments which have structured the Russian oil industry since the beginning of V. Putin's second presidential term of office: the slowing down in production growth as well as the absolute decline of the latter observed in 2008, the reorganization of this industry marked by the increasing role of public oil companies and, finally, the adjustments made to the contractual arrangements surrounding the activities of the upstream oil sector. It has shown, on one hand, that the decline in current production is the result of the exhaustion of short term strategies by private Russian companies, and on the other hand, that the contract adjustments are insufficient to allow the Russian companies to adjust to more long term strategies. From this perspective, the increased role played by public oil companies can be analysed as an organisational response to this institutional dead-end. (author)

  6. The Mexican oil industry

    International Nuclear Information System (INIS)

    Marcos-Giacoman, E.

    1991-01-01

    In the environment of growing domestic demand and enhanced international competitiveness, Petroleos Mexicanos (PEMEX)-the Mexican national oil company-faces the challenge of not only responding adequately to the rapid changes taking place in the Mexican economy, but making a significant contribution towards solid and stable growth. This paper reports that the relevant concern is how PEMEX is going to live up to these expectations. The Mexican oil industry, especially including the petrochemical sector, has great potential in terms of an ample domestic market as well as external foreign-currency-generating markets

  7. Deceased Slabs Drive Oil

    Science.gov (United States)

    Stein, H. J.; Hannah, J. L.

    2017-12-01

    .V., Stein, H.J., and Hannah, J.L. (in review) Re-Os in oil - in the company of water. [4] Fichler, C., Odinsen, T., Rueslåtten, H., Olesen, O., Vingstad, J.-E., Wienecke, S. (2011) Crustal inhomogenities in the northern North Sea from potential field modeling: inherited structure and serpentinites: Tectonophysics 510: 172-185. [doi:10.1016/j.tecto.2011.06.026

  8. The future of the oil and gas industry

    International Nuclear Information System (INIS)

    1998-01-01

    Changes are under way that are moving the oil and gas industry in Norway toward the creation of global energy companies in a global energy market. According to the author, three key forces are creating the changes of oil and gas companies comprising a global market for energy, growing demand - ample supply, and the end-user. 5 figs

  9. Virtual Company and Modelbank

    DEFF Research Database (Denmark)

    Thorsteinsson, Uffe

    1996-01-01

    Ansøgning til Socrates programmet vedr. Tematisk netværk inden for området Virtual Company and Modelbank......Ansøgning til Socrates programmet vedr. Tematisk netværk inden for området Virtual Company and Modelbank...

  10. Conclusion: The balanced company

    DEFF Research Database (Denmark)

    Scheuer, John Damm; Jensen, Inger

    2013-01-01

    This concluding chapter brings together the various research findings of the book "The balanced company - organizing for the 21st Century" and develops a general overview of their implications for our understanding of the balancing processes unfolding in companies and organizations....

  11. Vertcal integration: origins of oil industry integration

    International Nuclear Information System (INIS)

    Rainbow, R.

    2001-01-01

    This article examines the structure of the US oil industry in relation to the history of the industry, capital market assumptions, and advice on the enhancement of 'shareholder value'. The driving forces behind the attempts to establish cartels and vertical integration are considered, and the emergence of US companies resulting from the break-up of the Standard Oil Trust cartel, the influence of costs and logistics on the structure of the industry outside the USA , and the structure of the natural gas industry are discussed along with the discovery of large Middle East oil reserves, the enormous growth in demand for oil products in Europe and Japan, and the formation of the OPEC cartel. Details are given of the breaking down of vertical integration in the big oil companies, the theory of conglomerates, the success of big companies, the importance of scale to balance exploration risks, and the need to adjust in time to shifts in the business environment

  12. Company cases Denmark

    DEFF Research Database (Denmark)

    Tølle, Martin; Pedersen, Jørgen Lindgaard

    2005-01-01

    The Danish part of the publication describes two Danish cases with foreign companies taking over Danish companies. The first case is from software industry where Datacentralen (DC) was taken over by American company Computer Sciences Corporation (CSC) in 1986. DC delivered IT - solutions...... IT - solitions. CSC wanted to buy DC to penetrate the Nordic market. Some effects can be mentioned: Employment in CSC - DK is in 2003 1,700 persons or 2,600 including other companies bought up recently. In innovation positive effects can be registered from contacts with CSC - International. Not only from access...... - Laboratoriet, Benzon - Pharma and Pharma - Medica during years 1988 - 1991.Nycomed wants to establish itself as a company on European level.After a decade with different owners, fusions and splitting ups a construction in which head quarter and R&D move to Denmark close to Copenhagen. The importance...

  13. VULNERABILITY OF COMPANIES

    Directory of Open Access Journals (Sweden)

    ARMEAN ANDREEA

    2013-06-01

    Full Text Available In present, the study of vulnerability of companies is increasing in every field due to the unstable economic environment influences. The object of this research is to define and identify vulnerabilities of companies and the establishment of evaluation methods at their level. This article emphasizes the importance and usefulness of one of the best known model in this way, from our point of view, namely Băileşteanu, Negrila Pattern. This pattern covers both external factors and internal ones, that increase vulnerabilities of companies, and fit the companies in which the state of vulnerability are (vitality, viability, vulnerability, high vulnerability, difficulty and high difficulty, with a matrix. The result of the research is that any company belonging to any field, can be analyzed using this model, and assigned to one of the conditions defined within.

  14. Relationships between oil price shocks and stock market: An empirical analysis from China

    International Nuclear Information System (INIS)

    Cong Ronggang; Wei Yiming; Jiao Jianlin; Fan Ying

    2008-01-01

    This paper investigates the interactive relationships between oil price shocks and Chinese stock market using multivariate vector auto-regression. Oil price shocks do not show statistically significant impact on the real stock returns of most Chinese stock market indices, except for manufacturing index and some oil companies. Some 'important' oil price shocks depress oil company stock prices. Increase in oil volatility may increase the speculations in mining index and petrochemicals index, which raise their stock returns. Both the world oil price shocks and China oil price shocks can explain much more than interest rates for manufacturing index

  15. Oil investment in Latin America

    International Nuclear Information System (INIS)

    Kielmas, M.

    1994-01-01

    In the early 1990s Latin America became a favoured target for foreign investors as one of the side-effects of the collapse of communism in Eastern Europe and the Soviet Union. The reason is linked to macroeconomic reforms in Latin America and the failure of equivalent reforms in the former communist countries. Latin American state-owned-oil companies have been welcomed as borrowers on the international financial markets. Simultaneously private sector investment in the oil industry has increased. This chapter examines nationalisation and the state oil companies, the financing of the state sector, privatisation, the boosting of oil exploration and security issues. The sustainability of the economic reforms in the region is discussed. (UK)

  16. Water issues associated with heavy oil production.

    Energy Technology Data Exchange (ETDEWEB)

    Veil, J. A.; Quinn, J. J.; Environmental Science Division

    2008-11-28

    Crude oil occurs in many different forms throughout the world. An important characteristic of crude oil that affects the ease with which it can be produced is its density and viscosity. Lighter crude oil typically can be produced more easily and at lower cost than heavier crude oil. Historically, much of the nation's oil supply came from domestic or international light or medium crude oil sources. California's extensive heavy oil production for more than a century is a notable exception. Oil and gas companies are actively looking toward heavier crude oil sources to help meet demands and to take advantage of large heavy oil reserves located in North and South America. Heavy oil includes very viscous oil resources like those found in some fields in California and Venezuela, oil shale, and tar sands (called oil sands in Canada). These are described in more detail in the next chapter. Water is integrally associated with conventional oil production. Produced water is the largest byproduct associated with oil production. The cost of managing large volumes of produced water is an important component of the overall cost of producing oil. Most mature oil fields rely on injected water to maintain formation pressure during production. The processes involved with heavy oil production often require external water supplies for steam generation, washing, and other steps. While some heavy oil processes generate produced water, others generate different types of industrial wastewater. Management and disposition of the wastewater presents challenges and costs for the operators. This report describes water requirements relating to heavy oil production and potential sources for that water. The report also describes how water is used and the resulting water quality impacts associated with heavy oil production.

  17. Canadian oil and gas survey 1998

    International Nuclear Information System (INIS)

    Roberge, R.B.

    1998-01-01

    The year 1997 brought record levels of financing for the Canadian oil and gas industry which led to record levels of capital spending and unprecedented merger and acquisition activity. Production records were achieved, but soft commodity prices in the fourth quarter resulted in a significant downturn in the equity markets. El Nino reduced demand for natural gas and heating oil, resulting in increased storage levels for both commodities. Record drilling and capital spending fueled the Canadian oilfield service industry as total market capitalization rose to $10 billion. As for the 1998 outlook, the industry has turned to natural gas as the favoured commodity, as indicated by the conclusion of the Alliance pipeline hearings and the Nova/TCPL merger. This survey presents a review of crude oil and natural gas production, prices, and capital spending for development and exploratory wells, and the financial and operating results for fiscal year 1997 of selected oil and gas companies and income trusts. All listed companies are Canadian public companies, or publicly traded income trusts, traded on one of the country's four major stock exchanges. They are ranked according to gross oil and gas production revenue only (before royalties). Syncrude and oil sands production is also included. The remaining data in the financial statistics tables includes all business segments of each company included. The survey excluded companies that were wholly-owned subsidiaries, divisions or U.S. subsidiaries and private companies. tabs., figs

  18. The Turkmens and their oil

    International Nuclear Information System (INIS)

    Roberts, John.

    1997-01-01

    Political, energy and economic policies are all still being formulated afresh in the newly independent country of Turkmenistan, since its withdrawal from the former Soviet Union. This paper explores how these policies will affect the production of oil. Exploitation of its hydrocarbon reserves is likely to be at the centre of economic development, and senior politicians, learning from the experience of neighbouring Azerbaijan, are understandably cautious about signing up with international oil companies. (UK)

  19. Seychelles: World Oil Report 1991

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    This paper reports on the small island group that was host to the first Indian Ocean Regional Seminar on Petroleum Exploration in mid-December. Efforts are under way to set up a regional system for cooperation in petroleum between countries in the region that hope to become oil producers. Offshore permits are held by Enterprise Oil and recently by Texaco. Ultamar Exploration Ltd. signed an eight-year offshore exploration contract becoming only the fourth company to attempt exploration off the archipelago

  20. Empirical studies on changes in oil governance

    Science.gov (United States)

    Kemal, Mohammad

    Regulation of the oil and gas sector is consequential to the economies of oil-producing countries. In the literature, there are two types of regulation: indirect regulation through taxes and tariffs or direct regulation through the creation of a National Oil Company (NOC). In the 1970s, many oil-producing countries nationalized their oil and gas sectors by creating and giving ownership rights of oil and gas resources to NOCs. In light of the success of Norway in regulating its oil and gas resources, over the past two decades several countries have changed their oil governance by changing the rights given to NOC from ownership right to mere access rights like other oil companies. However, empirical literature on these changes in oil governance is quite thin. Thus, this dissertation will explore three research questions to investigate empirically these changes in oil governance. First, I investigate empirically the impact of the changes in oil governance on aggregate domestic income. By employing a difference-in-difference method, I will show that a country which changed its oil governance increases its GDP per-capita by 10%. However, the impact is different for different types of political institution. Second, by observing the changes in oil governance in Indonesia , I explore the impact of the changes on learning-by-doing and learning spillover effect in offshore exploration drilling. By employing an econometric model which includes interaction terms between various experience variables and changes in an oil governance dummy, I will show that the change in oil governance in Indonesia enhances learning-by-doing by the rigs and learning spillover in a basin. Lastly, the impact of the changes in oil governance on expropriation risk and extraction path will be explored. By employing a difference-in-difference method, this essay will show that the changes in oil governance reduce expropriation and the impact of it is different for different sizes of resource stock.

  1. Drugs offshore: companies stepping up fight against hidden adversary

    Energy Technology Data Exchange (ETDEWEB)

    Redden, J.

    1986-01-01

    Oil companies worldwide are effectively fighting a growing nemesis, drug and alcohol abuse on offshore installations. It is estimated that companies are losing millions of dollars in lost productivity, accidents, and thefts caused by on-the-job use of illegal drugs. Some of the measures being employed to combat the use of such drugs, e.g., tight control, better communications, diversions for employees, and the use of sniffer dogs, are discussed.

  2. Oil Spills

    Science.gov (United States)

    Oil spills often happen because of accidents, when people make mistakes or equipment breaks down. Other causes include natural disasters or deliberate acts. Oil spills have major environmental and economic effects. Oil ...

  3. Problems Associated with Declining National Oil Production

    Science.gov (United States)

    Jackson, J. S.

    2009-12-01

    Forecasts of peak oil production have focussed on the global impacts of declining production. Meanwhile, national oil production has declined in 20 countries, leading to local problems that receive little comment outside of the effected regions. Two problems deserve wider recognition: declining state revenues and fuel substitution. Most oil producing countries with large reserves adopted licensing practices that provide significant revenues to the host governments such that oil revenues generate from 40 to 80 percent of total government funds. Typically these governments allocate a fraction of this revenue to their state oil companies, utilizing the remainder for other activities. As oil revenues decline with falling production, host governments face a dilemma: either to increase state oil company budgets in order to stem the decline, or to starve the state oil company while maintaining other government programs. The declining oil revenues in these states can significantly reduce the government's ability to address important national issues. Mexico, Indonesia, and Yemen illustrate this situation in its early phases. Fuel substitution occurs whenever one fuel proves less expensive than another. The substitution of coal for wood in the eighteenth century and oil for coal in the twentieth century are classic examples. China and India appear to be at peak oil production, while their economies generate increasing demand for energy. Both countries are substituting coal and natural gas for oil with attendant environmental impacts. Coal-to-liquids projects are proposed in in both China, which will require significant water resources if they are executed. These examples suggest that forecasting the impact of peak oil at a regional level requires more than an assessment of proven-probable-possible reserves and a forecast of supply-demand scenarios. A range of government responses to declining oil income scenarios must also be considered, together with scenarios describing

  4. KNOWLEDGE IN LEARNING COMPANIES

    Directory of Open Access Journals (Sweden)

    Alexandrina Cristina VASILE

    2016-05-01

    Full Text Available Changes are the only constant value in the current unpredictable economy. Under these circumstances leaders and employees must manage the external and internal environment and bring profitability for their companies. This paper gives an introductory approach to different perspective over learning companies in international literature. Different theoretical aspects, models and theories are taken into account for having a higher visibility to the complex concept of learning companies from leadership side to multiculturalism as the firm profitability should be the final goal of each economic system. The article concludes that not the process of learning is important but the adaptability to every different environment must be seen as vital.

  5. Secret story of the Algerian oil

    International Nuclear Information System (INIS)

    Malti, H.

    2010-01-01

    This book unravels some obscure aspects of oil exploitation in Algeria, from its historical aspects (the first discoveries, the collaboration with French oil companies during the 1960's, the nationalization in 1971) to the drift of the Algerian regime towards corruption and conflicts between the power clans with the connivance of big democracies

  6. Strategic alliances in oil and gas industry

    International Nuclear Information System (INIS)

    Crump, J.G.

    1998-01-01

    A competitor today is an ally tomorrow. A strategic partner in one market is an adversary in another. In this radically new way of doing business, the oil and gas industry seems quite at home. The trend to mergers is not unique to the oil industry, what is unique is the knack of petroleum companies to form strategic alliances [it

  7. Joint ventures and concentrations in oil market

    International Nuclear Information System (INIS)

    Tabarelli, D.

    1996-01-01

    Many are the joint ventures taken during last year by the oil companies as a move towards the ever existing rules of the oil market: integration, economies of scale and reduction of competitive market uncertainty. This article discusses some of the most interesting points of the recent events and the initiatives in the Italian market

  8. Middle East oil and gas

    International Nuclear Information System (INIS)

    1995-01-01

    This study is intended to shed light on structural changes occurring in six Middle East countries (Iran, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates) that can be expected to have a significant impact on their oil and gas industry. These six countries provide 42% of the world's traded crude oil, on which Member countries of the International Energy Agency (IEA) are increasingly dependent. They also contain about 65% and 30% of the world's proven oil and natural gas reserves, respectively, and command a strategic location between Europe and Asia. The Middle East has been one of the most volatile parts of the world where war, revolution and embargoes have caused major upheavals that have led to oil supply disruptions. The oil resources of all six countries were initially developed by international oil companies and all are members of the Organization of the Petroleum Exporting Countries (OPEC). In 1994, their crude oil production capacity was about 23 million barrels per day (mbd) and is planned to expand to about 28 mbd by the year 2000. Revenue from the sale of oil accounts for more than 80% of each nation's total exports and about 75% of each government's income. The objectives of this study are: to detail their announced oil and gas development plans, to describe the major trends occurring in these countries, to outline the government responses to the trends, and to analyse the impact of government policies on oil and gas development. (J.S.). 121 refs., 136 figs., 212 tabs

  9. Energy Service Companies - ESCOs: international situation and in Brazil; Empresas de Servico de Conservacao de Energia - ESCOS: situacao internacional e no Brasil

    Energy Technology Data Exchange (ETDEWEB)

    Aragao Neto, Raymundo Moniz de [Empresa de Pesquisa Energetica (EPE), Rio de Janeiro, RJ (Brazil)

    2008-07-01

    The creation of ESCOs (Energy Service Company) occurred from the oil crisis of 1970. The article examines the creation and role of these companies in Brazil and worldwide, conceptualizing and presenting them in the current market situation.

  10. Company environmental communication

    International Nuclear Information System (INIS)

    Andriola, L.; Luciani, R.; Borghini, S.

    2001-01-01

    Environmental communication is becoming a sine qua non for companies which are more and more pressed by the need to reinforce communication with interested parties: environmental groups, local communities, local and national authorities, employees, share-holders, banks, insurance companies, customers and consumers. Reliable environmental information, just like economical and property data, is now required during both company take-over and financing, and in some cases it can affect insurance premiums. In fact, environmental guarantees are more and more often required because breaching environmental regulations can entail legal sanctions going as far as suspension of business. There now also Green investment funds that engage their resources only against specific environmental guarantees on the part of the companies that, before being selected for the investment, are submitted to rather accurate questionnaires by the investment manager [it

  11. Schildberg Construction Company, Inc.

    Science.gov (United States)

    The EPA is providing notice of a proposed Administrative Penalty Assessment against the Schildberg Construction Company, Inc. for alleged violations at its locations at 1605 218th Avenue, Osceola, IA 50213 and 34466 Elkhorn Trail, Graham, MO 64455.

  12. Whither Chinese involvement in the Canadian oil industry

    International Nuclear Information System (INIS)

    Schulz, B.

    2006-01-01

    Chinese oil companies have become increasingly focused on securing Canadian oil. However, most of the oil sands leases with good geological and economic prospects are owned by Canadian or Canadian subsidiary companies that have proven unwilling to sell future revenue and reserves bases to the Chinese. The opportunity for a trade of Canadian oil assets for improved Chinese market entry has been limited to Husky, which has existing Chinese connections, as well as to global companies such as Exxon, Shell and BP. In May 2005, the Chinese company Sinopec completed a $105 million deal with Calgary-based Synenco and formed a joint venture for oil sands production and an upgrader. Chinese interests are also involved in the Calgary-based Value Creation Group of Companies as well as in BA Energy. Enbridge has recently invested $25 million in the Heartland upgrader project, presumably with the aim of building pipelines to move new products to Asia. The most significant problem for Canadian oil sands companies and the greatest opportunity for Chinese companies involves the utilization of trained Chinese workers for the $100 billion in oil sands construction planned for the next decade. Significant immigration barriers exist for Chinese workers in Canada, and there is a legitimate concern that Chinese workers may want to stay in Canada. It was concluded that while there may be mutual opportunities for collaboration between Chinese and Canadian energy companies, the Alberta government currently faces challenges in work shortages, immigration, and pressures from unions and environmental lobbyists. 1 fig

  13. Record prices [crude oil

    International Nuclear Information System (INIS)

    Anon

    2006-01-01

    Crude oil prices climbed to new record levels on fears of a future loss of supplies from Iran as Washington stepped up its efforts to persuade Tehran to abandon its programme to produce nuclear fuel. IPE's December Brent contract set a new record for the exchange by trading at $75.80/bbl on 21st April. On the same day October WTI reached an all-time high of $77.30/bbl on Nymex. US product prices gained as refiners struggled to produce sufficient middle distillate. Alarmed by the rising retail price of gasoline, the US Senate debated a reduction in the already low US tax rate on motor spirit. The House of Representatives passed a measure to prohibit overcharging for petrol, diesel and heating oil, but Democrats rejected a Republican proposal to speed-up the process for approving new refineries. President George W Bush announced a temporary easing of new gasoline and diesel specifications (see 'Focus', March 2006) to allow more fuel to be produced. He also agreed to delay the repayment of some 2.1 mn bbl of crude oil lent to companies after last year's hurricanes from the Strategic Petroleum Reserve. California announced an inquiry into alleged overcharging for fuel by oil companies operating in the state. (author)

  14. OGJ200 companies posted strong financial year in 1997

    International Nuclear Information System (INIS)

    Beck, R.J.; Bell, L.

    1998-01-01

    Companies on the OGJ200 list of publicly traded oil and gas producers in the US posted a second straight strong financial year in 1997. Net income slipped but was still at the second highest level on record. Most other indicators of financial and operating performance remained at high levels or posted increases in 1997. As always, data for this year's list reflect the prior year's operations. The paper discusses and presents data for the following: assets, revenue, stockholder's equity, drilling activity, financial performance, group operation, changes in the group, the top 20 companies, and the fastest growing companies

  15. Integrated marketing communication plan : Case company: Dr. Johanna Budwig

    OpenAIRE

    Pham, Van

    2013-01-01

    The study’s research topic is integrated marketing communication and this is a product-oriented thesis. This study is made to create an efficient integrated marketing communication plan for the case company Dr. Johanna Budwig. The main product line in focus is flaxseed oil, which is very healthy and also good in preventing different diseases including cancer. The company home market, Germany, is the target market of the study. The objective set by the company is to increase sales by 10000, wh...

  16. Venezuela: oil and politics

    Energy Technology Data Exchange (ETDEWEB)

    Betancourt, R.

    1978-01-01

    Venezuela's struggle to develop its economic and political independence separate from the colonialism of foreign oil companies and free from the authoritarian dictatorships of other developing countries is described by one who has been intimately involved in the nation's political life and is knowledgeable in the relationships of oil, economics, and politics during the bid for democracy and economic egalitarianism. First published in 1956, the treatise has been revised and updated to show how strong party organization was responsible for developing demoncratic programs and how this new strength allowed Venezuela to domesticate much of the foreign involvement in oil production. Historical facts, though acknowledged to have a bias, are documented. 88 references. (DCK)

  17. Physician-owned companies.

    Science.gov (United States)

    Kostuik, John P

    2007-05-15

    The author relates his experience in the development of a spinal implant development company (K2M) that is significantly advised by physicians. To provide information about the development of a spinal implant company (K2M) advised by a group of professional spinal surgeons. To relate the federal laws (STARK and anti-kickback) as they pertain to surgeon-influenced companies. To discuss the role of a scientific advisory board. A self-developed company was developed together with significant, but minority physician financial input and majority scientific advice. A privately owned spinal implant development corporation (K2M) was developed 3 years ago. Physician financial participation was less than 20% (Stark laws state no more than 40%). Users of product are greater than 60% non-investor physicians. The development of a large scientific advisory board has been very influential in product development. A privately owned spinal implant company (K2M) has been developed strictly within Federal laws. Its board of scientific advisors that receives recompense commissurate only with effort significantly impacts the company policy.

  18. Ecuador steps up pace of oil development activity

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports that oil companies operating in Ecuador plan to quicken the pace of oil development this year. After delays in 1991, companies plan a series of projects to develop reserves discovered the past 3 years estimated at more than 600 million bbl. Oil and Gas Journal estimated Ecuador's proved crude reserves at 1.55 billion bbl as of Jan. 1, 1992. The development push is part of a larger effort needed to ensure Ecuador's status as an oil exporter into the next century. Ecuador is the smallest crude oil producer and exporter in the Organization of Petroleum Exporting Countries

  19. Venezuela slates second oil field revival round

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports that Venezuela will accept bids under a second round next year from private foreign and domestic companies for production contracts to operate marginal active as well as inactive oil fields. The first such round came earlier this year, involving about 55 other marginal, inactive fields. It resulted in two contractors signed with domestic and foreign companies. It represented the first time since nationalization of the petroleum industry in Venezuela in 1976 that private companies were allowed to produce oil in the country. A public bid tender was expected at presstime last week

  20. Consolidation shrinks list of U.S. companies

    International Nuclear Information System (INIS)

    Beck, R.J.; Bell, L.

    1996-01-01

    Mergers, acquisitions, and other forms of consolidation have again shrunk the Oil and Gas Journal list of publicly traded oil and gas producers in the US. The annual, assets-ranked compilation of companies, which began as the OGJ400 and became the OGJ300 in 1991, is now the OGJ200. Although the list has shrunk, the total of assets that it represents has held steady. And many of the asset changes reflect reevaluations and sales of properties unrelated to oil and gas production. As always, data for this year's list reflect the prior year's operations. Assets for the OGJ200 group totaled $480.8 billion for 1995, compared with $483.4 billion in 1994 for last year's OGJ300, which included 281 companies. The 1993 assets total for 1994's OGJ300 was $471.7 billion. Assets in 1994 for just the 200 companies that appear in this year's list totaled $483.2 billion. Total stockholders' equity of companies represented by this year's OGJ200 increased 1.9% from a year earlier to $174.4 billion. Comparisons of yearly totals must take into account the company changes that occur from list to list. In any given year the OGJ list represents a significant part of the US oil and gas industry and therefore accurately reflects overall industry activity and financial performance. In this report, except where specified otherwise, comparisons between 1995 and 1994 data will be for just the companies on this year's list. The OGJ200 ranks companies by assets without regard to whether they use the full cost or successful efforts method of accounting

  1. Environmental Conservation And Sustainable Development In Oil Producing Communities

    International Nuclear Information System (INIS)

    Agbon, I.S.

    1995-01-01

    This paper examines the impact of oil and gas exploration, development and production on the environment and local environmental standards and guidelines are highlighted and compared to prevailing environmental conditions in some of the oil producing communities. The effect of environmental pollution on the sustainable development of oil producing communities is analyzed. The responses of the inhabitants of oil producing communities to environmental degradation in detail. So also are the reactions of the oil producing companies and the Federal government. Special emphasis is placed on the activities of relevant governmental institutions in oil producing areas. Finally, a strategy for ensuring environmental conservation and sustainable development in oil producing communities is proposed

  2. Oil trade: politics and prospects

    International Nuclear Information System (INIS)

    Hartshorn, J.E.

    1993-01-01

    After a century of exponential growth, the international oil industry suddenly slowed down in the 1970s, faltered during the 1980s, and by the early nineties was only just about back to its 1979 level. In a descriptive analysis of current influences upon the world oil trade, this book explores the reasons behind that slowdown - which are not all attributable to OPEC or its nationalisation of international major oil companies. It assesses the growth and decay of Opec monopoly power in the crude oil market, as the latest demonstration of a paradoxical but persistent imbalance in this international business: its tendency to maximise the production of high-cost rather than low-cost oil. (author)

  3. High oil prices: A non-OPEC capacity game

    International Nuclear Information System (INIS)

    Osmundsen, Petter; Asche, Frank; Misund, Baard; Mohn, Klaus

    2005-08-01

    The current high oil price is partly due to low investments in the oil industry the last decade. According to economic theory, exploration and development of new oil and gas fields should respond positively to increasing petroleum prices. But since the late 1990s, financial analysts have focused strongly on short-term accounting return measures, like RoACE, for benchmarking and valuation of international oil and gas companies. Consequently, the demand for strict capital discipline among oil and gas companies may have reduced their willingness to invest for future reserves and production growth. Thus, we have experienced an unusual combination of high oil prices and low investment levels in exploration and development. In many ways, the oil companies' focus on RoACE, at the expense of reserve replacement, resembles an implicit co-ordination on low capacity among non-OPEC petroleum producers. This is a partial explanation of the current high oil prices. By examining actual parameters used by the financial markets in pricing of oil companies, we address the issue of whether the low investment outcome could represent a long-term equilibrium. This is hardly likely, as oil companies are made aware that stronger emphasis is put on reserve replacement. (Author)

  4. Oil and the future: Taking bearings in the greenhouse in a post Brent Spar world

    Energy Technology Data Exchange (ETDEWEB)

    Leggett, J.

    1995-12-31

    The paper discusses future oil combustion. A greenhouse-related environmental driving-force seems set to emerge in the capital markets in the years ahead. This will severely compound other already serious environment-related financial problems blighting the oil-industry`s access to capital radar screen. The wise oil company is now, increasingly clearly, the company thinking about how to begin repositioning itself for the twenty-first century as a total energy company. 6 refs.

  5. seed oil

    African Journals Online (AJOL)

    Wara

    found to be 2.0 cm which is lower than that of Jatropha oil soap(5.4cm), Sesame oil soap(4.8cm), Cotton seed oil soap(4.5cm) and shea nut soap(4.2cm),t higher than that of Castor oil soap(1.6cm) and Castor glycerine soap(1.4cm). The soap was milk in colour and slightly soluble in distilled water. Keywords: Neem oil ...

  6. The oil's comeback in the wake of the third oil shock - Class of enterprises and strategic group in the oil industry

    International Nuclear Information System (INIS)

    Greggio, R.; Maffei, B.

    2015-01-01

    The oil industry has been characterized for several decades by a deep-rooted paradox. The western multinational companies have been denied access to the most profitable oil-fields as a result of their nationalization which occurred mainly during the seventies: they extract nowadays only a small part of the world's oil. Yet, they have consolidated their financial, technological and strategic leadership, whereas oil companies from emerging countries do not have the same unrestricted freedom of action. As there has been no substantial change in the oil business hierarchy, oil companies should be presented as actually forming 'classes of enterprises' rather than be construed as 'strategic groups'. In other words, they constitute sets of relatively autonomous entities, which may sometimes conflict and also cooperate with each other, but whose strategies are excessively determined by geopolitical and industrial constraints which cannot be easily overcome. (authors)

  7. Oil risk in oil stocks

    NARCIS (Netherlands)

    Scholtens, Bert; Wang, L

    2008-01-01

    We assess the oil price sensitivities and oil risk premiums of NYSE listed oil & gas firms' returns by using a two-step regression analysis under two different arbitrage pricing models. Thus, we apply the Fama and French (1992) factor returns in a study of oil stocks. In all, we find that the return

  8. A very competitive oil

    International Nuclear Information System (INIS)

    Delamarche, Myrtille; Cahuzac, Adrien; Cognasse, Olivier; Dupin, Ludovic; Fleitour, Gaelle; James, Olivier; Stassi, Franck

    2015-01-01

    Drop in oil barrel prices results in 8 to 10 billions in savings for French companies, i.e. as much as the tax credit for competitiveness and employment. This article analyses how the different sectors take benefit of this saving due to lower oil prices. It outlines that this decrease has been very profitable for the refining sector which exhibited historic margins. As far as the chemistry sector is concerned, costs are reduced but profits are less important as this decrease compensates the decrease of the euro with respect to the dollar. The plastic industry does not take profit as it comes at the end of value chain where other actors already took their benefits. Therefore, there is no profit in agriculture as far as plastic products and fertilizers are concerned. On the opposite, the decrease of marine fuel has been profitable to the fishing sector as well as to the sea transport sector. As far as road transport is concerned the fuel price decrease is reflected in resale prices, and the oil price decrease had therefore no impact, or only for few days. It's not the case for air transport where companies took benefit of this decrease. In this respect, a second article outlines that airline companies have learned lessons from previous oil price counter-shock to adapt their strategies. The last article addresses the general situation of industry which exhibits a better financial health, could be boosted by a recovery of consumption. But growth is still to be confirmed by investments. A brief article notices that the profit is less important at the world level, i.e. more important in Europe than in Asia and even more than in Africa

  9. Increased Oil Recovery Prize for work on Troll; Fikk pris for Troll-arbeid

    Energy Technology Data Exchange (ETDEWEB)

    Steensen, Anders J.

    2007-07-01

    Halliburton and Baker Hughes have developed tools that ensures increased oil recovery from the Troll platform. For this work, the companies were awarded the Increased Oil Recovery (IOR) Prize. Details on the technical principles are provided (ml)

  10. China Oil and Gas Market Assessment

    International Nuclear Information System (INIS)

    Qiu, Yu

    2004-08-01

    China, with one-fifth of the world's population and one of the fastest rates of economic growth, is experiencing a boom in its energy requirements. China has been identified as a high priority market for the oil and gas sector. This priority has resulted in the high level of investment and many large-scale projects related to the oil and gas industry. Oil production from existing fields is expected to increase, new oil and gas fields will be developed, and the country's oil and gas transmission infrastructure will be extended to meet domestic demands. In addition, total domestic investment needs for the next three decades till 2030 are estimated at around $119 billion, and upstream exploration and development will account for about $69 billion. China's oil and gas exploitation business has been the biggest beneficiary of the bearish crude oil prices, national oil stockpile and the need of infrastructure. In the first six-month period of 2005, this industry has gained a profit of USD16.5 billion, up 73.4 per cent year-on-year. The country is becoming increasingly open to international oil companies, contractors and equipment suppliers, who can bring advanced technology, equipment, and management experience. In this context, considerable opportunities in the supply and service sectors are open to Dutch companies. This report analyses the present situation and market prospect of China upstream oil and gas industry, including: Current status of Chinese oil and gas industry analysis and future development forecast; Potential customers analysis, such as three stated-owned oil companies and their foreign partners;Domestic and foreign competitors analysis; Potential opportunities and challenges analysis; Providing contacts and information on main ongoing oil exploration and development projects, and business practices

  11. Fuel oil remains the cheapest combustible on the heat market, despite uneven competition

    International Nuclear Information System (INIS)

    Aeberli, O.

    1999-01-01

    Fuel oil prices are currently very high, due to the increased crude oil price. On the market, the competition of fuel oil with natural gas and district heating is hard. Peter Kofmel, member of the Swiss parliament and president of the Swiss Association of Fuel Oil Traders, gives his opinion about the present market situation and prospect. This association has about 300 member companies. Except single big companies in the city areas, the member companies are mainly small and very small companies distributed over the whole Swiss territory [de

  12. Companies as "Cyborgs"?

    DEFF Research Database (Denmark)

    Thompson, Grahame

    This paper investigates the legal and commercial consequences of companies being considered as both an entity and a person in law – hence the notion of ‘cyborg’ in its title. It concentrates upon legal personhood and relates this particular feature to the issue of corporate citizenship. In turn...... corporate citizenship provides a link to considering the political role of companies, since in claiming citizenship they are implicitly at least claiming a particular set of political rights consequent upon that status, and announcing a particular politically constrained context associated...... with their operational characteristics. But what would be involved in granting companies full citizenship rights in the image of natural person citizenship? The paper explores this issue in connection to the differences between corporate social responsibility and an earlier idea of the socially responsible corporation...

  13. Chinese Companies in Switzerland

    Directory of Open Access Journals (Sweden)

    Esther Kessler

    2014-10-01

    Full Text Available In recent years, some of China’s leading firms have made headlines with their European expansion, by either opening new facilities or by acquiring or merging with significant enterprises in Europe. The goal of this paper is to contribute to the existing literature by examining Chinese enterprises expanding into Switzerland. The study also allows some conclusions for Chinese companies entering Central and Eastern Europe. We analyze via interviews the motivations of Chinese companies to expand into Switzerland as well as their behavior and the impediments in their internationalization process. Our findings show that Chinese companies fail to take advantage of certain benefits of western economies (such as open information and stable rule of law. To move forward efficiently, they should develop competence in dealing systematically with readily available market information, building professional networks that recognize a separation between business life and personal life, and managing their Chinese and foreign employees in the foreign cultural environment.

  14. RESTRUCTURING COMPANIES UNDER CRISIS

    Directory of Open Access Journals (Sweden)

    Hezi Aviram SHAYB

    2016-12-01

    Full Text Available Nobody is planning to fail, but many companies are failing because of lack of planning. Real business experience showed during the years that crisis can be prevented, avoided or limited. If detected in time, the risks associated with the crisis can be mitigated and the effects can be diminished, with the condition that the actions required are done fast, in a sharp and accurate manner. When it comes, a crisis brings an intense level of pressure and under these conditions there is no time or room for mistakes. Delays, losing focus and lack of planning will bring a company one step away from failure. The right way to deal with crisis, if required measures are not done in time, is to minimize the losses and reposition in the best way possible. Analysing the success stories of some of the biggest and strongest companies in the world, led to an important conclusion: the majority of these companies were in the situation to face huge crises which threatened their ability to survive in certain moments, on their way to success. With the right planning and by setting a proper organisational structure, the negative aspects of the crisis can be turned into benefits and opportunities for the company. The most critical challenge for management is to assess the level of exposure to risk of the company and identify the key points to focus on in order to overcome the crisis and create value. In order to set up a strong plan in dealing with crisis, a business organisation needs reliable, efficient and effective tools and this is what this article is all about.

  15. Proteomics analysis of somatic embryogenesis in tissue culture of oil palm (Elaeis guineensis Jacq)

    OpenAIRE

    Tan, Hooi Sin

    2016-01-01

    Oil palm is an important commercial crop in Malaysia where Malaysia is the second largest producer and exporter of palm oilin the world. In order to meet the increasing demand for palm oil, elite oil palm planting materials with higher palm oil yield are the desirable planting materials. Hence, the oil palm plantation companies have incorporated in vitro micropropagation technique through somatic embryogenesis in producing elite oil palm. However, low embryogenesis rate has hampered large pro...

  16. Study on Municipal Energy Companies

    International Nuclear Information System (INIS)

    2009-07-01

    This is a summarizing overview of the local, renewable energy initiatives that are grouped under the heading of 'municipal energy company'. A municipal energy company (or sustainable energy company) is a local energy company that initiates, coordinates and/or manages sustainable energy projects with the primary objective of realizing the climate objectives. [nl

  17. Canadian Occidental joins Hunt as Yemen oil producer

    International Nuclear Information System (INIS)

    Gurney, J.

    1994-01-01

    On 23 September 1993, the Canadian Occidental Petroleum Company initiated the export of 120,000 b/d (barrels a day) of low sulphur, medium gravity crude oil from its Masila Block concession in Yemen. The oil is transported from Masila via a pipeline built by CanOxy and its partners to a new terminal at Ash Shihr, near Mukalla, in the Gulf of Aden. CanOxy is the third operator oil company to produce oil commercially in Yemen. The first, the Hunt Oil Company, began production in December 1987 and its output now totals about 187,000 b/d. The second, Nimir Petroleum, a Saudi venture which took over the facilities developed in the 1980s by two Soviet companies, is currently producing about 10,000 b/d and expects to increase its output to 25,000 b/d during this year. (Author)

  18. Is oil supply choked by financial market pressures?

    International Nuclear Information System (INIS)

    Osmundsen, Petter; Mohn, Klaus; Misund, Bard; Asche, Frank

    2007-01-01

    Since the late 1990s, financial analysts have focused strongly on short-term profitability for benchmarking and valuation of international oil and gas companies. The increasing pressure for strict capital discipline among oil and gas companies may have reduced their willingness to invest for future reserves and production growth. The current high oil price is partly due to low exploration activity in the oil industry the last decade. We present and discuss the background for this development-based on previous academic research, industry trends and current valuation practices. An estimated econometric model of stock market valuation among oil and gas companies suggests that analysts and companies have put exaggerate weight on short-term earnings and accounting profitability. We therefore expect that the attention will shift back to long-term reserve and production growth

  19. Is oil supply choked by financial market pressures?

    International Nuclear Information System (INIS)

    Osmundsen, P.; Mohn, K.; Misund, B.; Asche, F.

    2007-01-01

    Since the late 1990s, financial analysts have focused strongly on short-term profitability for benchmarking and valuation of international oil and gas companies. The increasing pressure for strict capital discipline among oil and gas companies may have reduced their willingness to invest for future reserves and production growth. The current high oil price is partly due to low exploration activity in the oil industry the last decade. We present and discuss the background for this development - based on previous academic research, industry trends and current valuation practices. An estimated econometric model of stock market valuation among oil and gas companies suggests that analysts and companies have put exaggerate weight on short-term earnings and accounting profitability. We therefore expect that the attention will shift back to long-term reserve and production growth. (author)

  20. COMPANY ACTIVITY FINANCIAL RISK

    Directory of Open Access Journals (Sweden)

    Caruntu Genu Alexandru

    2012-12-01

    Full Text Available In economic and financial activity, risk is an inherent financial decisions, encountered in daily agenda of managers of companies. Unexpected changes in the price of a product development not only affect the financial results of a company, but can cause even bankruptcy. In fact, the nature of financial decisions involve uncertainty. Financial decisions are made based on cash flows under future contracts, which are par excellence incerte.Activitatea an enterprise that holds any weight in the industry is subject to risks, since it can not predict with certainty different components of its outcome (cost, quantity, price and operating cycle (purchase, processing, sales.

  1. Companies as "Cyborgs"?

    DEFF Research Database (Denmark)

    Thompson, Grahame

    with their operational characteristics. But what would be involved in granting companies full citizenship rights in the image of natural person citizenship? The paper explores this issue in connection to the differences between corporate social responsibility and an earlier idea of the socially responsible corporation......This paper investigates the legal and commercial consequences of companies being considered as both an entity and a person in law – hence the notion of ‘cyborg’ in its title. It concentrates upon legal personhood and relates this particular feature to the issue of corporate citizenship. In turn...

  2. International oil law

    International Nuclear Information System (INIS)

    Torkzad, B.

    1997-01-01

    The 1973 energy crisis demonstrated that the international petroleum industry is not totally free. Very often it has been the object of an organization, even during the domination of international oil companies which have established a petroleum international system with a system of concession rights. This system is based on an oligopolistic structure which had the characteristics of a monopoly. This vertically integrated structure of the world petroleum industry during the 1920-1950 era was more or less locked up by the system of concessions. The incompatibility of this system of excessively long concession contracts with the economical development needs of oil exporting countries has led to their abolishment. They have been replaced by new agreements. As soon as the creation of stable and permanent international oil organizations (OPEC, OAPEC, IEA), an institutional right has been established which has generated international rights and principles governing the contractual relations between oil exporting and oil importing countries. This international petroleum right is both original and specific, it is evolutive, contractual and normative. (J.S.)

  3. Oil patch pariah

    International Nuclear Information System (INIS)

    Nikiforuk, A.

    1999-01-01

    Problems that can arise when Western oil companies invest in developing countries suffering under political instability are described using Calgary-based Talisman Energy Inc.'s recent experiences in the Sudan as example. In 1998 Talisman acquired a 25 per cent interest in an oil project by cash-poor Arakis Energy Corporation, thus acquiring a foothold in the Middle East , and more importantly, access to one of the world's largest oil reserves at a bargain-basement price. A UN report accusing the Sudanese government of gross human rights violations , the chagrin expressed by the US Secretary of State that a Canadian company would do business with a country that the US officially regards as 'a state sponsor of terrorism', a warning by the Canadian Minister of Foreign Affairs of economic sanctions unless Talisman demonstrates active promotion of human rights in the Sudan, led the Ontario Teachers Federation to threaten to withdraw its $ 184-million stake in Talisman if reports of human rights abuses in the country can be corroborated. A fact finding mission has been dispatched by the Minister of Foreign Affairs to establish by next month who is killing whom in the Sudan and whether oil revenue from Talisman is being used to fund a campaign of terror and killing that have claimed the lives of some two million Sudanese citizens in the past 16 years. As a result of the turmoil caused by these actions Talisman lost nearly $ 700 million in value in the last week of October, and several institutional investors are actively considering selling their shares in Talisman. The company has hired a top public relations firm to defend itself against the 'coordinated attack' by human rights groups, Sudanese refugees, and Christian fundamentalists whose aim is said to be to shut down oil production in the Sudan. Talisman management is confident that given the company's reputation and its large asset base, it can weather the storm that its Sudanese assets have generated, however

  4. Bioremediation of oil spills

    International Nuclear Information System (INIS)

    Webb, M.

    1992-01-01

    For some years now UK and European oil spill response agencies, together with oil companies having an exploration or production interest in the European area, have been developing interest in the possible use of bioremediation techniques in combatting oil spills. The interest has accelerated in the aftermath of Exxon Valdez but there is significant scepticism over the actual value of the technique. The promise of increased rates of oil degradation, using bacteria or nutrients, does not yet appear to have been properly validated and there is concern over possible knock-on environmental effects. In consequence the response agencies are reluctant to bring the technique into their current combat armory. Some of the questions raised are: What efficacious techniques are available and how were they proven? On what type of oils can they be used? What is the scope for their use (at sea, type of coastline, temperature limitations, etc.)? What are the short and long term effects? Does bioremediation really work and offer a potential tool for oil spill clean-up? How do cleaning rates compare with natural recovery? There are many others. The view of the European Commission is that there should be a coordinated effort to answer these questions, but that effort should be properly targeted. I concur strongly with this view. The tasks are too large and varied for piecemeal attention. The European Commission wishes to initiate appropriate coordinated work, directed at the needs of European nations but which will subsequently inform the international response community through the International Maritime Organization and its Oil Pollution Preparedness and Response Cooperation initiative

  5. State of the art in oil market in the world

    International Nuclear Information System (INIS)

    Banks, F. E.

    2007-01-01

    Things move fast in the world of oil and unfortunately many events do not always receive an appropriate interpretation. The present update reviews the on-going oil peak debate, providing evidence against unjustified optimistic propositions, discussing the predictable shortage of energy materials and its influence on prices. Moreover, the return of OPEC to the oil market drivers seat and the irruption of state oil companies from exporting countries are also commented. (Author)

  6. Oil pollution of the sea – global and regional aspects

    Directory of Open Access Journals (Sweden)

    Marek Begányi

    2006-10-01

    Full Text Available Transport of oil is very important for the world economic and industry. Oil is transported to the countries and states, where it is transformed for the industry. The oil transport is connected with some advantages and disadvantages. One of the disadvantages is the pollution of seas. The pollution is very dangerous for everything and everyone. Transport companies of oil must stop the pollution with new, safety and effective transport technologies.

  7. Crude operators: the future of the oil industry

    International Nuclear Information System (INIS)

    Rowell, Andrew.

    1997-01-01

    Technological advances and the maturity of existing oil fields have spurred oil companies to explore for oil and extract it from previously inaccessible or ''frontier'' areas, both offshore and onshore. In many cases, such prospecting and production will have severe environmental impacts and serious social, ethical and cultural consequences. The challenge is not just to halt such exploration and extraction, but to halt oil consumption itself. (author)

  8. Rasio Utang Memediasi Pengaruh Kemampulabaan Dan Ukuran Aktiva Terhadap Kebijakan Dividen: Studi Empiris Pada Perusahaan Perkebunan Kelapa Sawit Yang Terdaftar Di Bursa Efek Indonesia [Debt Ratio to Mediate Effect of Profitability and Asset Size on Dividend Policy: An Empirical Study on Oil Palm Plantation Companies Listed with the Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Rudolf Lumbantobing

    2017-06-01

    Full Text Available This research explores the influence of the debt policy, profitability, and size of asset toward company's dividend policy on oil palm plantation companies listed with the Indonesia Stock Exchange for the years 2011-2015. The secondary data used in this research were obtained directly from the company website and the Indonesia Stock Exchange (IDX. The data collection was conducted by direct observation upon the research object. The data were analyzed using path analysis and logistical regression model. The result showed that profitability has a significant and negative effect on the debt ratio. Size of asset does not have a significant and positive effect on the debt ratio. Profitability and size of assets have significant and positive effects on dividend policy, which proves that the larger profitability and the size of assets, the greater the probabilty of paying dividends. Debt ratio does not have a significant and positive effect on dividend policy. Debt ratio has a significant positively partial mediating effect toward the influence of profitability on dividend policy. Otherwise, debt ratio does not have a significant negatively mediating effect toward the positive effect of size of asset on dividend policy.  BAHASA INDONESIA ABSTRAK: Penelitian ini mengeksplorasi engaruh kebijakan utang, kemampulabaan dan ukuran aktiva terhadap kebijakan dividen perusahaan perkebunan kelapa sawit yang terdaftar di Bursa Efek Indonesia periode tahun 2011-2015. Data yang digunakan adalah data sekunder yang diperoleh secara langsung dari website perusahaan dan Bursa Efek Indonesia. Pengumpulan data dilakukan dengan observasi tidak langsung terhadap objek penelitian yaitu perusahaan kelapa sawit. Data dianalisis dengan menggunakan path analysis dan model regresi logistik. Temuan penelitian ini menunjukkan bukti bahwa kemampulabaan signifikan berpengaruh negatif terhadap rasio utang. Ukuran aktiva tidak signifikan berpengaruh positif terhadap rasio

  9. Managing Supplier Requirements with HSE Accounting The case of the Mechanical Engineering Company Bisma Jaya, Indonesia

    Directory of Open Access Journals (Sweden)

    Stefan Schaltegger

    2011-12-01

    the HSE performance of an Indonesian company as a response to customer audit requirements.  The company is a supplier of a large oil company and seeks for effective and efficient ways of HSE improvement. The paper unfolds benefits and limitations of narrow efficiency-oriented responses to rating systems and audits and highlights that efficiency considerations in HSE management are only partially useful and require complementing effectiveness considerations on HSE performance.

  10. Back to school: new paths opened between companies and campuses

    International Nuclear Information System (INIS)

    Faulkner, P.

    2000-01-01

    Educational and training programs in effect at Alberta Energy Company (AEC) and Gulf Canada Resources Ltd are used to illustrate the enlightened attitude adopted by more and more oil companies as a result of the realisation that while the studies help the employee to realize their own objectives, in an industry where technological competitiveness and adaptability are means of survival, the company is the ultimate beneficiary. Unlike in the past when oil companies brought in experts for a mixture of general in-house courses, today's scientists, engineers, computer programmers and others need upgrading tailored to their particular roles. Instead of the company deciding on what course to put on, the responsibility for finding and arranging the matches has been transferred to the employees. Energy marketing, computer training, management and leadership courses are the most favored courses at the moment, with the Banff School of Management, the Niagara Institute, the International Human Resources Development Corporation, the Petroleum Industry Training Service, , Oil and Gas Consultants International, the Southern Alberta Institute of Technology and the University of Calgary, the favorite training grounds. Studying alone is a challenge for many, and it certainly is no free ride in terms of the effort involved, but the load is lightened by the knowledge that the cost is paid by the companies regardless of how advanced the training may be. While retraining has become hot stuff, there is still an acknowledged gap between theory and practice. Empirical evidence shows that the greatest benefit, both to the employee as well as the company, is obtained when the theory of the classroom is leavened by the hands-on experience of the real world

  11. Lavender oil

    Science.gov (United States)

    Lavender oil is an oil made from the flowers of lavender plants. Lavender poisoning can occur when ... further instructions. This is a free and confidential service. All local poison control centers in the United ...

  12. Petroleum Oils

    Science.gov (United States)

    Different types of crude oil and refined product, of all different chemical compositions, have distinct physical properties. These properties affect the way oil spreads and breaks down, its hazard to marine and human life, and the likelihood of threat.

  13. Oil quotations

    Energy Technology Data Exchange (ETDEWEB)

    1980-10-01

    Prices quoted during the last few weeks for fuel oil and gas oil - on the ARA market, on the New York future market, by the Berlin price supervision authority - fob TW from Germany storage or refinery, and - on the German commodity markets for fuel oil are listed.

  14. Oil biodegradation

    NARCIS (Netherlands)

    Rahsepar, Shokouhalsadat; Langenhoff, Alette A.M.; Smit, Martijn P.J.; Eenennaam, van Justine S.; Murk, Tinka; Rijnaarts, Huub H.M.

    2017-01-01

    During the Deepwater Horizon (DwH) oil spill, interactions between oil, clay particles and marine snow lead to the formation of aggregates. Interactions between these components play an important, but yet not well understood, role in biodegradation of oil in the ocean water. The aim of this study

  15. Advances in operations research in the oil and gas industry

    International Nuclear Information System (INIS)

    Breton, M.; Zaccour, G.

    1991-01-01

    Various theories and examples of modelling, forecasting and optimization designing in the different parts of the petroleum and gas industries are presented, stochastic programming for long term planning in the refining industry, stochastic model for gasoline blending, feedstock optimization, location and sizing for offshore platforms, hydrocarbon exploration simulation rapid method, valuation of oil field development leases, economic models for petroleum allocation, models for oil supply market, trade embargo game theory, stochastic programming of gas contract portfolio management, scheduling transportation of oil and gas, strategic planning in an oil pipeline company, simulation of offshore oil terminal systems, hierarchical selection of oil and gas distribution systems

  16. Technology management for heavy oil

    International Nuclear Information System (INIS)

    Kerr, R.

    1994-01-01

    The framework for investment in research and development (R ampersand D) at a medium-sized Canadian petroleum company is described. The importance of R ampersand D is illustrated by a graph showing the strong positive correlation between R ampersand D intensity and sales for companies in the mainstream oil and gas sector in the USA. Strong R ampersand D efforts also help to maintain market share and enhance corporate ability to transfer technology into its operations. Three ways of structuring, developing, and transferring technology are outlined: using in-house R ampersand D facilities, which is too costly for medium-sized firms; having a central group responsible for funding third-party R ampersand D, transferring technology into the company, and being aware of technology activities within and outside the company; and complete decentralizing of R ampersand D, in which operations decides how, when, and what to spend on R ampersand D. For the medium-sized company, the second option is considered the best choice. Essential R ampersand D administration practices for such a company are reviewed, including corporate support, an updated technology strategy, central funding with a separate budget from operations, a portfolio of R ampersand D projects and ideas, collaboration with other organizations, and effective communication of R ampersand D activity and results to the company. At the company studied, Wascana Energy, R ampersand D is being focused on three priority areas: production technology, enhanced recovery, and heavy oil upgrading. It is estimated that the monetary benefits of R ampersand D in these three areas could be as much as $100 million. The evaluation of R ampersand D performance is then discussed and critical factors for R ampersand D success are listed. 3 figs., 1 tab

  17. Company profile: tengion.

    Science.gov (United States)

    Bertram, Timothy

    2009-05-01

    Founded in 2005, Tengion is a clinical-stage organ regeneration company with products in urologic, vascular and renal regeneration based on its proprietary Autologous Organ Regeneration Platform. Tengion uses biocompatible materials and a patient's own (autologous) cells to assemble neo-organs or neo-tissues that are designed to catalyze the body's innate ability to regenerate. Tengion is a fully-integrated organization, with scalable US and European manufacturing and distribution capabilities, experienced research, development, clinical and commercial teams, and significant intellectual property. The company's corporate headquarters and commercial manufacturing facility are in East Norriton, PA, USA, and its research offices, a development laboratory and a pilot manufacturing facility are located in Winston-Salem, NC, USA. Tengion's product candidates may ultimately address the most critical problems facing organ and tissue failure patients, enabling people to lead healthier lives without donor transplants or the side effects of related therapies.

  18. The Leimert Phone Company

    Directory of Open Access Journals (Sweden)

    Karl Baumann

    2014-07-01

    Full Text Available The Leimert Phone Company is a design collaborative that seeks to reimagine the phonebooth. We are repurposing old payphones for civic engagement and storytelling on local streets. The project was born in Leimert Park, a neighborhood in South Los Angeles famous for its African American culture. Across the country, public phonebooths are dying. Is this a hidden opportunity to reclaim physical space and shift the narrative of the neighborhood? We go beyond booths as wifi hotspots. This project reveals an ambitious strategy for a “payphone redesign,” mixing installation art with mobile technology and activism. Members of the Leimert Phone Company include a diverse mix of artists and technologists from Leimert (anchored by KAOS Network and the nearby University of Southern California (USC.

  19. Managing an oil spill response

    International Nuclear Information System (INIS)

    Merlin, W.F.; Gorell, F.R.

    1994-01-01

    In the oil spill response business everything starts with a plan. When planning is set at only middle and top management levels before being chiseled into corporate marble, the result is all too often a plan for failure. For any chance at success, the plan must make sense to, and solve the problems of, the people at the ''business'' end of the business. In the case of Marine Spill Response Corporation (MSRC), that means highly trained responders are put at sea or along coastlines to remove oil from the water, or to deflect oil away from environmentally sensitive areas. They are fortunate in MSRC, and especially in the Gulf Coast Region, to have on their staff, some of the most knowledgeable and experienced oil spill responders in the world. The company relies on them to help build their plans, and to poke holes wherever their plans are inconsistent with getting the job done right

  20. Company Administration Study.

    Science.gov (United States)

    1974-01-01

    evaluation was made of each task performed by the representative companies to determine the necessity for performing the task. Also, an evaluation was - I...from the 1st and 4th divisions at Forts Riley and Carson. In addition to dis- cussing the necessity for performing each task and the possible...request for approval will be submitted to Department of the Army, ATTN: DACA -CSJ. The request must contain, as a minimum, a statement that all check

  1. Oil refining expansion criteria for Brazil

    International Nuclear Information System (INIS)

    Tavares, M.E.E.; Szklo, A.S.; Machado, G.V.; Schaeffer, R.; Mariano, J.B.; Sala, J.F.

    2006-01-01

    This paper assesses different strategies for the expansion of Brazil's oil refining segment, using criteria that range from energy security (reducing imports and vulnerability for key products) through to maximizing the profitability of this sector (boosting the output of higher value oil products) and adding value to Brazil's oil production (reducing exports of heavy acid oil). The development prospects are analyzed for conventional fuel production technology routes, sketching out three possible refining schemes for Brazilian oil and a GTL plant for producing gasoil from natural gas. Market scenario simulations indicate that investments will be required in Brazil's oil refining segment over and above those allocated to planned modifications in its current facilities, reducing the nation's vulnerability in terms of gasoil and petrochemical naphtha imports. Although not economically attractive, oil refining is a key activity that is crucial to oil company strategies. The decision to invest in this segment depends on local infrastructure conditions, environmental constraints and fuel specifications, in addition to oil company strategies, steady growth in demand and the definition of a government policy that eases institutional risks. (author)

  2. Oil refining expansion criteria for Brazil

    International Nuclear Information System (INIS)

    Tavares, Marina Elisabete Espinho; Szklo, Alexandre Salem; Machado, Giovani Vitoria; Schaeffer, Roberto; Mariano, Jacqueline Barboza; Sala, Janaina Francisco

    2006-01-01

    This paper assesses different strategies for the expansion of Brazil's oil refining segment, using criteria that range from energy security (reducing imports and vulnerability for key products) through to maximizing the profitability of this sector (boosting the output of higher value oil products) and adding value to Brazil's oil production (reducing exports of heavy acid oil). The development prospects are analyzed for conventional fuel production technology routes, sketching out three possible refining schemes for Brazilian oil and a GTL plant for producing gasoil from natural gas. Market scenario simulations indicate that investments will be required in Brazil's oil refining segment over and above those allocated to planned modifications in its current facilities, reducing the nation's vulnerability in terms of gasoil and petrochemical naphtha imports. Although not economically attractive, oil refining is a key activity that is crucial to oil company strategies. The decision to invest in this segment depends on local infrastructure conditions, environmental constraints and fuel specifications, in addition to oil company strategies, steady growth in demand and the definition of a government policy that eases institutional risks

  3. Company Vision and Organizational Learning

    Directory of Open Access Journals (Sweden)

    Vojko Toman

    2015-11-01

    Full Text Available The effectiveness of a company is largely dependent on the company itself; it depends above all on its corporate governance, management, and implementation, as well as on decision-making processes and coordination. Many authors believe that organizational learning and knowledge are the most relevant aspects of company effectiveness. If a company wants to be effective it needs to create and realize its vision; to do this, it needs creativity, imagination, and knowledge, which can be obtained or enhanced through learning. This paper defines vision, learning, creativity and management and, above all, their relationships. The author argues that company vision influences the learning and knowledge of employees in the company through the vision’s content, through the vision-creating process, and through the vision enforcement process. Conversely, the influence of learning on company vision is explained. The paper is aimed at the use in the practice of companies and helps them to increase their effectiveness.

  4. Organizational architecture of multinational companies

    OpenAIRE

    Sikorová, Lenka

    2009-01-01

    The main goal of the bachelor thesis Organizational Architecture of Multinational Companies is to elaborate the overview of organizational structures that are used by modern global companies. The thesis contains an analysis of such companies development, principles of functioning, pros and cons and the opportunities which these brings. It also contains a description of the basic concepts associated with organizational architecture such as globalization, multinational companies and organizatio...

  5. IMPLEMENTATION OF QUALITATIVE RULES IN COMPANY`S INFORMATION MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Anna WOLNOWSKA

    2012-07-01

    Full Text Available In the article there were presented chosen issues of quality management. Important role of information and work processes in companies were emphasized . Based on eight rules of quality management, TQM standards and ideas of discipline pioneers like Deming, Juran, Crosby and Shewart, author has constructed way of using chosen rules and assumptions to company`s information circulation. Analogy, suggested by author, has not only emphasized importance of information as a company`s resource, but also has pointed to possibility of improving ways of managing this information.

  6. Organizational architecture of multinational company

    OpenAIRE

    Vrbová, Tereza

    2012-01-01

    The Bachelor's Thesis ,,Organizational architecture of multinational company" sets the target to analyse organizational structures used in multinational companies at present. In the teoretical section is briefly described development of this subject, basic concepts associated with organizational architecture such as globalization, multinational companies and organizational architecture. I also generalized main characteristics of organizational forms and describe their pros and cons. The pract...

  7. Multilingualism in Companies: An Introduction

    Science.gov (United States)

    Sherman, Tamah; Strubell, Miquel

    2013-01-01

    This thematic collection of four papers explores a number of perspectives on companies in which multiple languages are used. The "organisational" perspective concerns the question of how the presence of or demand for multiple languages in the company is managed--how companies are guided by national and other policies in regard to the use…

  8. The European Model Company Act

    DEFF Research Database (Denmark)

    Cleff, Evelyne Beatrix

    2011-01-01

    an increasing influence on the framing of company legislation, such as the choice between mandatory or default rules. This article introduces the project 'European Company Law and the choice of Regulatory Method' which is carried out in collaboration with the 'European Model Company Act Group'. The project aims...

  9. Canadian oil and gas survey : 1997

    International Nuclear Information System (INIS)

    Roberge, R.B.

    1997-01-01

    An outlook of the Canadian Petroleum Industry, financial and operating statistics of the top 100 Canadian public oil and gas companies and 15 energy income trusts, were summarized for the fiscal year ending in 1996. In general, 1996 was a good year for the industry. Greater industry financing resulted in increased drilling activity and good stock market returns for investors. However, strong commodity prices also resulted in record levels of hedging activity, which meant lost revenues for the industry. The top 100 companies recorded losses of about $800 million in 1996, largely on crude oil hedges. The fact that volumes hedged forward to 1997 are down from 1996 indicate that many companies are rethinking their commitment to risk management. Details of crude oil and natural gas prices and production levels during 1996 were provided. A list of significant corporate mergers and acquisitions during the year under review rounded out the presentation

  10. Toward Third World oil independence

    Energy Technology Data Exchange (ETDEWEB)

    Tanzer, M.

    1980-05-01

    This is an interview with Michael Tanzer, an oil economist and independent consultant on petroleum production and economic development. Mr. Tanzer discussed the role of non-OPEC developing countries in the world oil industry. In most of the developing countries there is a serious lack of capital for drilling and exploration. Multinational corporations not only have tremendous overall assets and capital but have created a mystique that they alone have the technology to explore and drill for oil. A holdover from the days of colonialism when knowledge of industry was kept outside these countries, oil companies have consciously resisted training people from Third World countries into higher-level jobs, according to Mr. Tanzer. Another deterrent to national petroleum development is pressure from international organizations, particularly the World Bank and International Monetary Fund. Their policies in the past have been not to fund energy development in the developing countries. Unfortunately too, as part of the whole picture, there are corrupt ruling groups in Third World countries that can be bought by the oil companies, whether explicitly or implicitly. (SAC)

  11. CSR in TSL companies

    Directory of Open Access Journals (Sweden)

    Joanna DYCZKOWSKA

    2015-03-01

    Full Text Available TSL companies are characterized by high dynamics of an increase of incomes, and hence increased shipping. Owing to a rational policy in the area of the consolidation of production and distribution, they may boast of a better use of the means of transport. The purpose of this article is to present the activities in the area of the eco-friendly CSR aspect in the activities of TSL companies taking into consideration particularly logistic operators. The research methods used in the study include an analysis of secondary data, observations and comparative analyses. Road transport in the shipping structure comes first and it constitutes 84% of freights. In the year 2009, in Poland greenhouse gas emissions from road transport amounted to 42.5 million tons (4.84% of the EU member states and CO emissions were 41.9 million tons (analogically, 4.83% of environment pollutions in the European Union. This causes an emission of fumes into the atmosphere. The policy of sustainable development pursued by logistic operators under corporate social responsibility is a response to the abovementioned data. They take decisions concerning social and environmental aspects. The activities of TSL companies under CSR need to provide an answer to customer expectations and needs, and they have to cause an increase of competitiveness on the market. The selected four largest logistic operators conduct the following eco-friendly activities on the highest level: fume emission reports and the control of these emissions, transport of hazardous goods (ADR, voluntary services in the scope of environmental protection and cooperation with eco-friendly organizations. There are those activities which call for improvement: a limitation of the emission of fumes, waste management and sewage treatment policy.

  12. Measuring the Company Performance

    OpenAIRE

    Ion Stancu

    2006-01-01

    According to the logics of the efficient capital investment, the management of the investment of the saving capital in the company’s assets must conclude, on the end of the financial year, with a plus of real value (NPV > 0). From this point of view, in this paper we suggest the usage of an investment valuation model for the assessment of the company managerial and technological performance. Supposing the book value is a proxy of the just value (of assets and operational results) and supposin...

  13. Company profile: Spider stories.

    Science.gov (United States)

    Giuliani, Andrea

    2008-06-01

    SpiderBiotech is a biotech company that has carried out extensive research and development on peptide-based anti-infectives, with five people involved in R&D activities and a strong network of industrial and academic partners experienced in the field of anti-infectives. SpiderBiotech has also created a proprietary library of bioactive peptides and lipopeptides (both linear and dendrimeric) active against bacterial and viral infections. At the moment they have two ongoing projects: the most advanced is focused on the development of a panel of peptide based antibiotics. The second project is related to novel antiviral drugs to treat acyclovir resistant Herpes virus infections.

  14. VUJE, Inc. Company mission

    International Nuclear Information System (INIS)

    2008-01-01

    VUJE is an engineering company that performs design, supply, implementation, research and training activities, particularly in the field of nuclear and conventional power generation. Our earlier research specialization in the field of nuclear power generation has gradually diversified into design and engineering activities during performing particular tasks. Nowadays we are able to provide all activities related to construction, operation, modernisation and finally termination of operation mainly of power generating facilities. Our objective is to offer complex, professional and quality solutions according to our customers' needs and thus assist to show real asset of nuclear energy generation. (author)

  15. Contribution of service companies

    International Nuclear Information System (INIS)

    Sole, L. M.; Cortes, A.

    2002-01-01

    The most influential aspect when choosing the model of contract between Client and Contractor relapses into the maturity reached by both parts. The service supplier will have to show his competence with his resume, not only technical, but also of actual actions concerning availability reliability, maintainability, security, environment and costs. That maturity may have been the reason why most of the service companies, of national scope, that carry out maintenance of nuclear power stations electricity and instrumentation nowadays, are present from the assembly and implementation phases of these nuclear power stations. (Author)

  16. Energy demand and supply prompts record results for Canadian companies

    International Nuclear Information System (INIS)

    Anon.

    2005-01-01

    The Canadian energy industry has shown consistent growth in recent years. This trend is expected to continue due high energy prices resulting from concerns regarding energy supply and increased demand for energy. The 2005 annual survey by Pricewaterhouse Coopers states that Canadian energy sectors have seen average revenues grow by 12.4 per cent from $934 million to $1.05 billion for conventional companies and by 30.5 per cent from $285 million to $372 million for income trusts. The survey provides a summary of Canada's energy industry, including crude oil, natural gas, oil and gas services, oil sands and electricity. The financial and operating information of the top 100 Canadian public oil and gas companies is also summarized, along with 31 oil and gas income trusts. The survey found that crude oil prices were influenced by price volatility and record highs in 2004. Price volatility was due to global political tensions, increased demand from China, India and the United States and lower crude supplies in the United States. Production of Canadian crude, including conventional, synthetic crude, heavy crude, natural gas and natural gas from liquids continued to increase in 2004. A strong pricing environment will likely continue, according to industry expectations, due to political instability in the Middle East and OPEC's tight crude supply strategy. Strong pricing is expected to enhance natural gas economics and promote increased capital investment and production. In 2004, the oil and gas service industry drilled a record 21,593 wells in Western Canada and a record 28,630 drilling permits will be issued. In 2004, there was also a strong demand for field services and improvements in many manufacturing firms. Production from Canadian oil sands in 2004 was over 1 million barrels per day. An estimated 174 billion barrels of oil lie within the oil sands, making Canada the second largest country in terms of global proven crude oil reserves. Several oil sands projects have

  17. Ethics and the oil industry; Petrole et ethique

    Energy Technology Data Exchange (ETDEWEB)

    Bauquin, P.R. [TotalFinaElf, 92 - La Defense (France)

    2001-02-01

    In many countries public opinions are more and more sensitive to ethical issues linked to the manner in which industries and particularly oil companies behave. Oil companies are frequently unpopular, among the public both in producing and consuming countries. After a brief analysis of the reasons for this unpopularity, the author attempts to show both the ambiguities surrounding the question of ethics, and its complexity. This is especially true when oil companies have to work in countries which are destabilized, and in which disturbances - or even civil wars - may be fuelled by the important revenue streams resulting from the oil production. The various ethical issues are reviewed, from human rights to political interference, without omitting global or local environmental problems. Despite the very deep roots of the various issues the author believe some progress is achievable and advocates that the oil industry lead the way in this difficult domain. (author)

  18. Oil crises

    International Nuclear Information System (INIS)

    Linderoth, H.

    1992-01-01

    The author's aim was to give very precise information on the many causes and effects of the oil crises that have occurred since 1900, and at the same time offer the reader the possibility to build up a basic knowledge of the oil industry and market, as he feels that the public is often subjected to misleading information. Political and economical aspects are elaborated. First-hand sources such as statistics and investigations have been used as far as possible to give information on the oil market. An oil crisis is defined by the author as a significant change in the price of oil compared to prices of other goods. Changes can be in the form of either rising or falling prices. A special chapter concentrates on Denmark in relation to the oil crises. (AB) (165 refs.)

  19. Managing uncertainty : an examination of adaptive management and progressive reclamation in Alberta's mineable oil sands

    OpenAIRE

    Gouin, Clayton David

    2017-01-01

    Alberta’s oil sands are large, naturally occurring deposits of bitumen, a non- renewable, mineral resource. One problem Alberta faces is the scale of ecological disturbance from oil sands mining. Alberta’s current reclamation law for oil sands requires land to be reclaimed to a state of equivalent land capability and reclamation responsibilities are placed on oil companies. Reclamation publications from oil sands mine sites are currently limited. Additionally, less research on stakeholders’ r...

  20. Algeria, an oil state in danger

    International Nuclear Information System (INIS)

    Auge, Benjamin

    2015-06-01

    After having outlined that Algeria possesses one of the most promising geologies regarding oil, gas and shale gas proved and possible reserves, but that conditions imposed to the private sector are such that investments have been decreasing, thus leaving Sonatrach, the national public company, almost alone do develop this oil and gas patrimony, and after having recalled that the world oil sector is facing a major crisis since the collapse of oil prices in 2014, the author proposes an analysis of this situation of lack of interest of private companies in Algeria, and a discussion of the consequences for Sonatrach. He comments results published by this company in terms of drilling activities, notices the very low percentage of private drilling activities, outlines that Sonatrach is facing a very difficult situation (many contractors to be paid, collapse of revenues, and increased consumption) which may impede its ambitious exploration project for the years to come. The author also comments results of the bidding processes which have been disappointing for the last ten years. He outlines that financial scandals and arbitrations contributed to the loss of confidence of foreign oil companies. He comments how projects have been developed during these last ten years, and discusses the strategy envisaged for the exploitation of shale gases

  1. Impact of sustained low oil prices on China's oil & gas industry system and coping strategies

    Directory of Open Access Journals (Sweden)

    Jianjun Chen

    2016-05-01

    Full Text Available The global sustained low oil prices have a significant impact on China's oil and gas industry system and the national energy security. This paper aims to find solutions in order to guarantee the smooth development of China's oil and gas industry system and its survival in such a severe environment. First, the origins of sustained low oil prices were analyzed. Then, based on those published data from IEA, government and some other authorities, this study focused on the development status, energy policies and the future developing trend of those main oil & gas producing countries. Investigations show that the low-price running is primarily contributed to the so-called oil and gas policies in the USA. It is predicted that national petroleum consumption will reach up to 6.0 × 108 t (oil & 3300 × 108 m3 (gas in 2020 and 6.8 × 108 t (oil & 5200 × 108 m3 (gas in 2030. For reducing the dependence on foreign oil and gas, the investment in the upstream of oil and gas industry should be maintained and scientific research should be intensified to ensure the smooth operation of the oil and gas production system. Considering China's national energy security strategy, the following suggestions were proposed herein. First, ensure that in China the yearly oil output reaches 2 × 108 t, while natural gas yield will be expected to be up to 2700 × 108 m3 in 2030, both of which should become the “bottom line” in the long term. Second, focus on the planning of upstream business with insistence on risk exploration investment, scientific and technological innovation and pilot area construction especially for low-permeability tight oil & gas, shale oil & gas reservoir development techniques. Third, encourage the in-depth reform and further growth especially in the three major state-owned oil & gas companies under adverse situations, and create more companies competent to offer overseas technical services by taking the opportunity of the

  2. Impact of uncertain oil prices on investment and integration efforts in the oil and gas industry

    International Nuclear Information System (INIS)

    El Banbi, H.A.

    1996-01-01

    A rapid review of the energy resources situation in the world today shows the important role that oil and gas play in human life. World economies will continue to rely on oil and gas as a major energy source. It is absolutely critical that policy makers--governments, investment decisions makers, and oil companies--cooperative in securing a supply of energy for future generations. The international oil industry, in its sustained efforts to optimize resources in a cost-conscious and challenging environment, has been working under several constraints: reduction in investments, environmental issues and policies, and workforce optimization. This paper highlights recommendations for facing these challenges

  3. ARPEL: A regional petroleum association serving the Latin American oil industry since 1965

    Energy Technology Data Exchange (ETDEWEB)

    Brussoni, A.

    1993-12-31

    Established in 1965 as a non-governmental international organization aimed to foster the information exchange, cooperation and mutual assistance among its member companies, as well as to promote the economic integration of the Latin American petroleum Sector. Its original name standing for `Association for Reciprocal Assistance of Latin American State Oil Companies` was modified in May, 1993 simultaneously with its by-laws for `Association for Reciprocal Assistance of Latin American Oil Companies`, responding to the sweeping changes of the oil sector in the region. Since May the membership has been opened to the private regional companies.

  4. Oil pollution

    International Nuclear Information System (INIS)

    Mankabady, Samir.

    1994-08-01

    Oil enters the marine environment when it is discharged, or has escaped, during transport, drilling, shipping, accidents, dumping and offshore operations. This book serves as a reference both on the various complex international operational and legal matters of oil pollution using examples such as the Exxon Valdez, the Braer and Lord Donaldson's report. The chapters include the development of international rules on the marine environment, the prevention of marine pollution from shipping activities, liability for oil pollution damage, the conflict of the 1990 Oil Pollution Act and the 1992 protocols and finally the cooperation and response to pollution incidents. (UK)

  5. To tender, re-negotiate or partner: Strategies for contracting service companies

    International Nuclear Information System (INIS)

    Gouldie, T.A.

    1994-01-01

    The contracting of oilfield service companies by petroleum exploration and production operating companies is different than the contracting of civil engineering, construction or other project-oriented contractors. The relationship between operating companies and oilfield service companies has had a long and unique history which has evolved since the first oil wells were drilled over a century ago. The process of contracting service companies by operating companies for petroleum exploration and production work can be split into three distinct stages: (1) decide what it is that should be contracted out and what should be kept in house; (2) determine the method to use to select the contractor(s) to perform the work; and (3) agree to the contractual structure to best reflect the relationship the operating company and the service company with to initiate and maintain. As there are ongoing changes to the business structures and corporate thinking of both operating and service companies, there are also evolving changes to what are considered core businesses and the methods of selecting and contracting service companies by operating companies. Operating companies are recognizing the high costs of tendering for contractor services in terms of personnel time and administrative effort, and are relying more on negotiating and rolling-over existing contracts with their suitable, capable contractors. Partnering, in its many forms and levels, is increasingly being recognized as a useful method to get better work done at cheaper overall costs

  6. Oil pipeline energy consumption and efficiency

    Energy Technology Data Exchange (ETDEWEB)

    Hooker, J.N.

    1981-01-01

    This report describes an investigation of energy consumption and efficiency of oil pipelines in the US in 1978. It is based on a simulation of the actual movement of oil on a very detailed representation of the pipeline network, and it uses engineering equations to calculate the energy that pipeline pumps must have exerted on the oil to move it in this manner. The efficiencies of pumps and drivers are estimated so as to arrive at the amount of energy consumed at pumping stations. The throughput in each pipeline segment is estimated by distributing each pipeline company's reported oil movements over its segments in proportions predicted by regression equations that show typical throughput and throughput capacity as functions of pipe diameter. The form of the equations is justified by a generalized cost-engineering study of pipelining, and their parameters are estimated using new techniques developed for the purpose. A simplified model of flow scheduling is chosen on the basis of actual energy use data obtained from a few companies. The study yields energy consumption and intensiveness estimates for crude oil trunk lines, crude oil gathering lines and oil products lines, for the nation as well as by state and by pipe diameter. It characterizes the efficiency of typical pipelines of various diameters operating at capacity. Ancillary results include estimates of oil movements by state and by diameter and approximate pipeline capacity utilization nationwide.

  7. China’s Oil Rush in Africa

    Science.gov (United States)

    2006-07-01

    the loss of an estimated two million people. Today CNPC is the largest shareholder in GNPOC. The other shareholders in the consortium are Petronas ...several Chinese companies doing business in Ethiopia.27 On June 13, 2003, Malaysian oil giant Petronas announced the signing of an exclusive 25-year...Petrochemical Corporation, appears to be the primary oil firm currently operating in Gambella, under a subcontract with Petronas . Its base camp is located

  8. Experiences with linear solvers for oil reservoir simulation problems

    Energy Technology Data Exchange (ETDEWEB)

    Joubert, W.; Janardhan, R. [Los Alamos National Lab., NM (United States); Biswas, D.; Carey, G.

    1996-12-31

    This talk will focus on practical experiences with iterative linear solver algorithms used in conjunction with Amoco Production Company`s Falcon oil reservoir simulation code. The goal of this study is to determine the best linear solver algorithms for these types of problems. The results of numerical experiments will be presented.

  9. Determinants of Environmental Disclosures in Nigeria's Oil and Gas ...

    African Journals Online (AJOL)

    The objective was to determine the effect of firm size, leverage, profitability and firm origin on the extent of environmental disclosures in all quoted companies in the Nigeria's oil and gas sector. A sample of 10 companies was selected using the simple random sampling technique. Secondary data were utilized for the study ...

  10. Norway slowly opens up to speed oil development

    International Nuclear Information System (INIS)

    Stoltenberg, J.

    1994-01-01

    The Norwegian government continues to hold large stakes in companies producing petroleum from fields on its Continental Shelf. In this article, the Norwegian Minister for Industry and Energy defends this position and discusses tax, oil company inventives and the opening of new areas of the Norwegian shelf for exploration. (UK)

  11. The Balanced Company

    DEFF Research Database (Denmark)

    in their environments. Communication specialists need to make balanced decisions which take the different value systems and assumptions of stakeholders into consideration. Change specialists need to balance the need for continuity and change. Managers need to make balanced decisions about whether to achieve goals...... that a company is respected in wider society and behaves according to ethical standards. Strategists and Leaders need to make balanced choices about long-term goals and the allocation of resources. They need to analyse, understand and adjust strategies to market, political, value and technology related changes...... is to be achieved and what should be avoided? • Through what types of processes are the criteria, conditions and values that are to be realised or taken into consideration constructed and decided upon? • What characterises the content, differences and complexity of the different types of values and criteria...

  12. A forward looking company

    International Nuclear Information System (INIS)

    Christian, David A.

    2004-01-01

    The article is an excerpt of an interview with David A. Christian, Senior Vice President-Nuclear and Chief Nuclear Officer, Dominion Generation conducted at NEI's Nuclear Energy Assembly in New Orleans, Louisiana on 13 May 2004. It highlights the company's energy diversity, and in particular, activities related to early-site permits and possible future plans for nuclear power plant development in the U.S. The interview touches on questions related to the Consortium (composed of Dominion, AECL Technologies, the U.S. subsidiary of AECL, Hatachi America and Bechtel Power Corp.) and the DOE financial support involved (approximately 50%) along with comments related to job impacts, energy security and climate change impacts, human resource issues (particularly about getting high school students interested in jobs related to the nuclear industry) and public policy. The interview ends with a discussion of investment interest and the state of standardization in the industry

  13. Service supply company experience

    International Nuclear Information System (INIS)

    Shouldice, S.P.

    1995-01-01

    The motivations for a small company to go international were reviewed, as well as the efforts required to identify markets compatible with what one has to offer. The variety of approaches taken to capitalize on the perceived opportunities were summarized. Motives for going international include minimization of risk by market diversification, revenue growth, and improved profitability where there is a run-up in demand. Getting started usually includes the following six steps: (1) selecting a target market, (2) interpreting market needs, (3) understanding local decision making, (4) deciding on a proposal, (5) seeking project financing, and (6) overcoming hurdles. Setting up shop also implies seeking market commitment, finding suitable long-term accommodation, finding suitable local workers, and exploring local sourcing for materials and equipment. Having a competitive advantage is essential to penetrating international markets. A cost advantage is the most valuable. Patience, persistence and perseverance were also identified as essential virtues

  14. Measuring the Company Performance

    Directory of Open Access Journals (Sweden)

    Ion Stancu

    2006-03-01

    Full Text Available According to the logics of the efficient capital investment, the management of the investment of the saving capital in the company’s assets must conclude, on the end of the financial year, with a plus ofreal value (NPV > 0. From this point of view, in this paper we suggest the usage of an investment valuationmodel for the assessment of the company managerial and technological performance. Supposing the book value is a proxy of the just value (of assets and operational results and supposing the capital cost iscorrectly estimated, we evaluate the company’s performance both by the net present value model, and also by the company’s ability to create a surplus of the invested capital (NPV >0.Our paper also aims to identify the performance of the financial breakeven point (for which NPV is at least equal to zero as the minimum acceptable level for the company’s activity. Under this critical sales point, the company goes through the undervaluation of shareholders fortune even if the company’s sales are greater than accounting breakeven point. The performance’s activity level is one which the managers recover and surpass the cost of capital, cost which stand for the normal activity benchmark.The risks of applying of our suggested model we support go down to the confidence of accounting data and of the cost of capital estimating. In spite all of this, the usage of a sensitivity analysis to search anaverage NPV would leads to the company’s performance valuation within investment logic with a high information power.

  15. Measuring the Company Performance

    Directory of Open Access Journals (Sweden)

    Ion Stancu

    2006-01-01

    Full Text Available According to the logics of the efficient capital investment, the management of the investment of the saving capital in the company’s assets must conclude, on the end of the financial year, with a plus of real value (NPV > 0. From this point of view, in this paper we suggest the usage of an investment valuation model for the assessment of the company managerial and technological performance. Supposing the book value is a proxy of the just value (of assets and operational results and supposing the capital cost is correctly estimated, we evaluate the company’s performance both by the net present value model, and also by the company’s ability to create a surplus of the invested capital (NPV >0. Our paper also aims to identify the performance of the financial breakeven point (for which NPV is at least equal to zero as the minimum acceptable level for the company’s activity. Under this critical sales point, the company goes through the undervaluation of shareholders fortune even if the company’s sales are greater than accounting breakeven point. The performance’s activity level is one which the managers recover and surpass the cost of capital, cost which stand for the normal activity benchmark. The risks of applying of our suggested model we support go down to the confidence of accounting data and of the cost of capital estimating. In spite all of this, the usage of a sensitivity analysis to search an average NPV would leads to the company’s performance valuation within investment logic with a high information power.

  16. Economic diplomacy. The political dynamics of oil leverage

    Energy Technology Data Exchange (ETDEWEB)

    Daoudi, M.S.; Dajani, M.S.

    1985-01-01

    This study probes the 1973-1974 Arab oil embargo, detailing its history, the motivations that caused it and its ripple effect on world politics and the international economic order. The authors examine the interruption of oil supplies to Western Europe during the 1956 Suez Canal crisis, the growing momentum of Arab oil leverage beginning with the First Arab Petroleum Congress in 1959, the decline of the oil companies' domination of the petroleum industry, and the Arab political environment between the 1967 Arab defeat and the 1973 Arab oil embargo. The book concludes with a discussion of the lessons to be learned from the recent embargoes.

  17. Economic dynamics of exporting countries and restructuring their oil industries

    International Nuclear Information System (INIS)

    De La Vega Navarro, A.

    1994-01-01

    The author analyses the re-organization of oil industries in exporting countries. The approach takes internal and external dynamics of these countries' economic crisis into account. It finally makes proposals with a view to a different consistency for the economic development of these countries. This could include a change from pure ''exporting countries'' to ''countries that (among other activities) export oil'' and which will not be conditioned by the incertitude of the international oil market. This in turn means that public oil companies will have to replace thinking in terms of oil rents and assume their industrial and productive role on both national and international levels. (Author). 21 refs., 1 tab

  18. Oil and Gas Production, Environmental Health and Livelihood ...

    African Journals Online (AJOL)

    ... potential health and livelihood impacts of the oil production in the area. It was also found that oil and gas companies have not created enough awareness of the impact of their operation in the communities. The study concludes that the rights of the communities to good health, clean environment, sustainable livelihood and ...

  19. SHORT-TERM EFFECT OF DIESEL OIL ON PHYTOPLANKTON

    African Journals Online (AJOL)

    PROF. EKWEME

    Murday, M. J; Murday, J. H., Sezton, W. J. and. Powell, C. B., 1988. Atlas of Environmental sensitivity of spilled oil from operational. Areas of Gulf oil company (Nig) Limited. Chevron Overseas Petroleum Inc, San. Ramon, USA. Nawa, I. G., 1982. Ecology of Cross River. Estuary PhD Thesis, University of Kiel,. Germany 148pp.

  20. Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data

    OpenAIRE

    Sergei Guriev; Konstantin Sonin; Anton Kolotilin

    2007-01-01

    In this paper we study nationalizations in the oil industry around the world in 1960-2002. We show, both theoretically and empirically, that governments are more likely to nationalize when oil prices are high and when political institutions are weak. We consider a simple dynamic model of the interaction between a government and a foreign oil company. The government cannot commit to abstain from expropriation and the company cannot commit to pay high taxes. Even though nationalization is ineff...

  1. New oil and gas incentives in Saskatchewan

    International Nuclear Information System (INIS)

    Patel, B.

    2003-01-01

    Saskatchewan is Canada's second largest producer of crude oil and the third largest producer of natural gas with nearly 400 oil and gas companies operating in the province. The oil ranges from heavy sour to light sweet crude oil. Nearly half of the production is heavy oil, 30 per cent is medium oil and 20 per cent is light oil. In 2002, the Province announced changes to the oil and gas Royalty and Tax Regime in an effort to encourage new oil and gas exploration and development activities in Saskatchewan and to help the industry compete with other jurisdictions around the world. This paper examined the pre-October 2002 Saskatchewan Crown Royalty and freehold production tax structure and compared them to the new structure. The paper also briefly outlined the corporation capital tax, resource surcharge, and flow-through share tax credit initiatives announced in 2001 and 2002. With reductions in the Crown Royalty, freehold production tax and corporation capital taxes, the Province expects that more than 9000 oil and gas wells will be drilled in the next decade, representing new investment of about $4.3 billion and 40,000 new jobs. The flow-through share credit may not attract significant investment because it only benefits those who pay taxes in Saskatchewan. 40 refs

  2. Euro plays : Canadian companies find success in England and France

    International Nuclear Information System (INIS)

    Marsters, S.

    1998-01-01

    A growing list of Canadian companies are searching for oil and gas onshore in England and France. Cirque Energy Corp., Vermilion Resources Ltd., Morrison Middlefield Resources Ltd., and Bow Valley Energy Ltd., are among the companies that are taking advantage of the underexplored basins, little competition, availability of land, and (in the case of the United Kingdom) a superior fiscal regime. Cirque Energy Corp. entered the U.K. in 1995 and currently has a 220,000 acre land position in the East Midlands basin, 250 km north of London. The main producing reservoirs are Permo-Carboniferous in age. The geology is similar to that in the North Sea. In November 1998, Cirque plans to build a 2,500 metre, six inch pipeline to transport up to 1,500 gross bbls of oil per day. Vermilion Resources Ltd. acquired oil and gas assets in the Paris and Aquitaine basin. The company has executed a $10.1 million workover and recompletion program on 42 wells which has increased production to more than 6,000 BOE per day from the previous 4,000 BOE per day. 3 figs

  3. Independent companies in the North Sea - exploration and operations opportunities

    International Nuclear Information System (INIS)

    Greentree, C.

    1992-01-01

    The North Sea was the launching pad for many independent oil companies, particularly through exploration success in the UK and the Netherlands. Norway has an excellent history of oil exploration but, for the independents, the onerous tax regime, long lead times, and terms of trade are simply not conducive to the higher rate of return demanded by shareholders of independent E and P companies in exchange for shouldering the heavy burden of risk. The UK in particular has pursued imaginative licensing, tax and legislative policies which have allowed the independents an opportunity to participate and grow. The attraction of the UK is clearly reflected by the constant arrival of new entrants, even at this stage of maturity. This was demonstrated in the recent round of license awards. Such has been the success of the independents in the UK that, beginning with virtually nothing, they now hold a net 28% of the UK North Sea acreage, and a net 25% of its oil reserves. Equally, the independents play an important role in ensuring the comprehensive exploration of the offshore areas. Because of size and significance, a prime objective of the independents will remain the early evaluation, through drilling, and development of offshore interests to generate a financial return. This paper addresses the question of how independent companies can expand in the North Sea when the size and quality of new range acreage available through new license awards is reducing. (author)

  4. Governors, Oligarchs, and Siloviki: Oil and Power in Russia

    International Nuclear Information System (INIS)

    Mehdi, Ahmed; Yenikeyeff, Shamil

    2013-01-01

    The contest for control of Russia's oil industry has been an integral feature of the country's politics ever since the collapse of the Soviet Union. Therefore, an assessment of political elite dynamics and the competition for control over Russia's oil sector can explain why this industry has been subject to such rapid management changes, including the rise and demise of Russia's private oil corporations and the emergence of Rosneft as a national oil company (NOC). Whilst the 1990's and 2000's saw different management styles evolve in the industry, much of that competition took place during a time when Russia could exploit its Soviet-era legacy fields. The rise of Rosneft as Russia's super National Oil Company (NOC) has been driven just as much by internal political elite dynamics as it has by the challenges which Russia's oil industry faces, as it attempts to tap more remote fields in East Siberia and the Arctic

  5. Recovery from Ashland oil spill illustrates nature's resiliency

    International Nuclear Information System (INIS)

    Nichols, A.B.

    1990-01-01

    Data indicate that, except for some oil residues in the sediments of the upper Monongahela River, all traces have disappeared of the oil spill that happened January 2, 1988 when Ashland Oil Company's steel tank burst. The spill, that sent 700,000 gal of the number-sign 2 diesel oil into the river, was called a disaster. Concentrations of oil in the river sediments have since approached pre-spill levels, hatchings of water birds have returned to normal and healthy catches of sauger and walleye have been reported. Lack of baseline data has made it difficult to assess the impact of the spill on the ecology but funds from the Ashland Oil Company's settlement with the Commonwealth of Pennsylvania have been earmarked for a comprehensive recreational and ecological survey of the upper Ohio River basin. The survey is expected to provide baseline data to assess future spill impacts and to guide river management

  6. Principles of European Company Law

    DEFF Research Database (Denmark)

    Werlauff, Erik

    2010-01-01

    The article focuses on how much we have in common in Europe within company law and its development, and on the principles which are the determining factors for the activities of European companies. The article shows that what we have in common greatly outweighs what divides us......, and this is presented in the article as the provisional capstone of 400 years of joint European development of company law....

  7. Coomunication Culture in a company

    Directory of Open Access Journals (Sweden)

    M V Korotitskaya

    2008-03-01

    Full Text Available The article substantiates the interconnections between the level of communicative culture in a company and the level of management, which shows the investment and financial attractiveness of the enterprise. The article reveals principles and methods of sociocommunicative technology, whose application positively affects the state of communicative culture of within a company. Application examples of these principles and methods in management of power grid companies in the Belgorod region are also given.

  8. Palm oil and the heart: A review.

    Science.gov (United States)

    Odia, Osaretin J; Ofori, Sandra; Maduka, Omosivie

    2015-03-26

    Palm oil consumption and its effects on serum lipid levels and cardiovascular disease in humans is still a subject of debate. Advocacy groups with varying agenda fuel the controversy. This update intends to identify evidence-based evaluations of the influence of palm oil on serum lipid profile and cardiovascular disease. Furthermore, it suggests a direction for future research. The sources of information were based on a PubMed, Google Scholar, African Journal online and Medline search using key words including: palm oil, palmitic acid, saturated fatty acids and heart disease. Published animal and human experiments on the association of palm oil and its constituents on the serum lipid profile and cardiovascular disease were also explored for relevant information. These papers are reviewed and the available evidence is discussed. Most of the information in mainstream literature is targeted at consumers and food companies with a view to discourage the consumption of palm oil. The main argument against the use of palm oil as an edible oil is the fact that it contains palmitic acid, which is a saturated fatty acid and by extrapolation should give rise to elevated total cholesterol and low-density lipoprotein cholesterol levels. However, there are many scientific studies, both in animals and humans that clearly show that palm oil consumption does not give rise to elevated serum cholesterol levels and that palm oil is not atherogenic. Apart from palmitic acid, palm oil consists of oleic and linoleic acids which are monounsaturated and polyunsaturated respectively. Palm oil also consists of vitamins A and E, which are powerful antioxidants. Palm oil has been scientifically shown to protect the heart and blood vessels from plaques and ischemic injuries. Palm oil consumed as a dietary fat as a part of a healthy balanced diet does not have incremental risk for cardiovascular disease. Little or no additional benefit will be obtained by replacing it with other oils rich in mono

  9. Quality management in shipping companies

    Directory of Open Access Journals (Sweden)

    Đergović Dragana M.

    2017-01-01

    Full Text Available As international business becomes more competitive, companies are finding that they need to work more effectively to stay in business. Quality assurance has become very important to the majority of production and service companies with international activity. Shipping companies were also required to implement a quality management system. The huge importance of safety in maritime transport operations resulted in the International Safety Management Code (ISM Code by the International Maritime Organization. The general management system principles embodied by the maritime ISM Code and generics ISO standards, have enabled their complementary application in establishing a quality management system in shipping companies, within a safety management system as its subset.

  10. The control of Russia's oil

    International Nuclear Information System (INIS)

    Khartukov, E.M.

    1997-01-01

    Over the past several years, Russia's oil industry has undergone its radical transformation from a wholly state-run and generously subsidized oil distribution system toward a substantially privatized, cash-strapped, and quasi-market ''petropreneurship''. As this drama privatization process was poorly masterminded, evidently misguided, hardly transparent and highly controversial, its early fruits are difficult to digest. Indeed, the rapid and controversial privatization of Russian oil is far from completion and its current ownership and management patterns leave too much room for questioning and speculation. Not surprisingly, few Western analysts are able to properly determine a scope and degree of the remaining state control over the industry. Russian observers too are badly informed. Consequently, assessments of currents state stake in, say, the country's largest oil company LUKoil typically oscillate from zero to 51% whereas, in fact, excluding 24.5% of its shares put aside for new holders, at present the State definitely owns just under 11.6% of the company equity. (author)

  11. Malaysia: World Oil Report 1991

    International Nuclear Information System (INIS)

    Khin, J.A.

    1991-01-01

    This paper reports that the Malaysian government announced tax incentives for fiscal year 1991/92 by cutting export duties on crude oil to encourage companies to develop more oil fields. The export duty exemption on cost recovery oil was increased from the current 20% to 50% on April 1, 1991. Nearly 115,200 sq mi of shallow-water acreage off Malaysia has been awarded to PS contractors, leaving only about five blocks remaining. Therefore, Petronas plans to award deeper water blocks (water depths of 655 ft or more) in the second half of this year, once terms are finalized. It is understood that these areas will be offshore of Sarawak and Sabah, covering in excess of 38,000 sq mi. Petronas the that there would be some improvement in the PSC terms for the deep-water areas

  12. Extra-heavy oil: the new frontier

    International Nuclear Information System (INIS)

    Pogam, P.

    2005-01-01

    In front of the depletion of classical crude oil reserves, the petroleum industry is looking towards the 'non-conventional' fields. With the rise of crude prices, their exploitation become profitable and such reserves are enormous. This short paper presents the activity of Total company in Alberta, Canada where recoverable extra-heavy oil reserves represent between 175 and 300 billions of barrels. New extraction techniques, like steam injection, have to be implemented for the extraction of oil from the bituminous sands but they remain costly and an additional process is needed to transform the bitumen into a lighter, commercializable, synthetic crude. (J.S.)

  13. Role and Place of the Oil Industry in the Economic and Political Development in Iraq

    Directory of Open Access Journals (Sweden)

    E V Pashkova

    2014-12-01

    Full Text Available In the article the authors consider economic and political aspects of restoration and development of the oil industry in Iraq and make a brief historical analysis of it. It’s emphasized the role of political factors in the history of the development of the oil sector in the country. The article deals with the current situation in the oil industry of Iraq, and also the prospects and forecasts of development of it. It’s emphasized the idea that the oil export is one of the most important directions of Iraq's oil policy, which has a high degree of flexibility. It is noted that currently, the speedy recovery of Iraq and its oil industry depends on international companies. However, it is emphasized that there are established a lot of state-owned oil companies in recent decades in Iraq, which are working successfully in the global market. Authors consider the activity of one of them, a marketing company SOMO.

  14. Oil and gas, the hot spots of the planet

    International Nuclear Information System (INIS)

    Delage, St.

    2009-01-01

    Despite the economic crisis, more than 400 billion dollars have been in,vested in 2009 in oil and gas exploration and production. Oil companies and their suppliers from the para-petroleum industry are still working hard to exploit new discoveries. This paper makes a worldwide overview of the most promising oil and gas fields in particular in Brazil, Australia, Ghana and qatar (investments, partners, production, reserves). (J.S.)

  15. The Mexican Oil Industry: Governance, Resource and Social Concerns

    Science.gov (United States)

    2011-10-28

    Accessed October 16, 2011) 2 Ibid 3 Ignacio Quesada Morales, “ Pemex Business Strategy”, March 2011, http://contratos.pemex.com/portal/files/content...production, refining, etc. 10 That same year, Petroleos Mexicanos, or Pemex , the state owned oil company was created. 11 In 1940, a constitutional...JubaksJournal/TheOilSqueezeHasJustBegun.aspx?page=2 (Accessed October 14, 2011) 15 Jesse Bogan, “With Easy Oil Gone, Pemex Sobers Up”, Forbes, May 7, 2009

  16. Chevron Texaco wants Kazakh oil to flow through Slovakia

    International Nuclear Information System (INIS)

    Janoska, J.

    2004-01-01

    Chevron Texaco is offering Slovakia an option for the diversification of its oil stocks. It plans to use the Druzba pipeline to transport about 3 million tons of Kazakhstan oil. Most of it should be delivered to the refinery in Czech Kralupy. Pipeline administrator, the company Transpetrol, rejects the proposal and argues that adjusting the pipeline designed for heavy Russian oil to allow the transmission of light oil would cost over SKK 2 billion (Eur 50.04 million). Transpetrol is managed by Russian concern Yukos. Russian oil companies view Caspian oil as competition and the reaction of Transpetrol only follows in line with this attitude. It may sound paradoxical, but letting Caspian oil flow through the Transpetrol pipelines would help Russian concerns expand to Western European markets. The refinery in Kralupy is connected to the IKL pipeline, which connects the Czech Republic to the German network close to the German refinery in Ingolstadt. The one-way pipeline that the Czech used to decrease their dependency on Russian oil and the Druzba pipeline in the nineties would remain unused and discussions about an investment in a change of flow direction to allow the transport of oil to Germany would take on an entirely new dimension. The interest of Chevron may therefore indicate major changes in the European oil distribution network. If the flow direction of the IKL pipeline were to change, it would not only be possible to transport Caspian oil, but also Russian oil. What's more, both US and Western European companies have their sights set on Czech and German refineries that get their oil form the Caspian region and they are also interested in capital entry to Russian oil concerns. This scenario is likely to come true in the case of Yukos

  17. Political oil import diversification by financial and commercial traders

    International Nuclear Information System (INIS)

    Kashcheeva, Mila; Tsui, Kevin K.

    2015-01-01

    International politics affects the oil trade. But do financial and commercial traders who participate in spot oil trading also respond to changes in international politics? We construct a firm-level dataset for all U.S. oil-importing companies over 1986–2008 to examine how these firms respond to increases in “political distance” between the U.S. and her trading partners, measured by divergence in their UN General Assembly voting patterns. Consistent with previous macro evidence, we first show that individual firms diversify their oil imports politically, even after controlling for unobserved firm heterogeneity. However, the political pattern of oil imports is not entirely driven by the concerns of hold-up risks, which exist when oil transactions via term contracts are associated with backward vertical FDI that is subject to expropriation. In particular, our results indicate that even financial and commercial traders significantly reduce their oil imports from U.S. political enemies. Interestingly, while these traders diversify their oil imports politically immediately after changes in international politics, other oil companies reduce their oil imports with a significant time lag. Our findings suggest that in designing regulations to avoid harmful repercussions on commodity and financial assets, policymakers need to understand the nature of political risk. -- Highlights: •American firms diversify their oil imports politically. •Financial and commercial traders diversify their oil imports politically immediately. •Other oil companies reduce their oil imports with a significant time lag. •Policymakers need to understand the nature of political risk

  18. Company profile VUJE

    International Nuclear Information System (INIS)

    Anon

    2007-01-01

    At the present time the whole world realizes the serious need for energy for the preservation of perpetually sustainable development. A distinctive place in the life of modern society belongs to electric energy,its safe production and reliable delivery according high standards of quality. When our company was established 30 years ago, we assumed research and development challenges directly related to the safe, reliable and economical production of electric energy from nuclear power plants, as well as the elimination of potential negative influences on the environment and employees. During our existence, we have gradually expanded our activities and specializations. Our first job was ti train plant personnel. We trained specialists to meet the needs not only of (what was then) Czechoslovakia, but also of Germany and Hungary. Gradually, we also met the problems of processing and storing radioactive waste, maintaining the service-life of our equipment and deactivating and disposing of contaminated devices at the end their operating lives. Industry requirements and concerns led use to broaden our services in energy production to include renewable sources of energy. Our youngest division of activity deals with the distribution of hydro-electrical energy via the electric grid. By continually updating the specialized skills of our employees and by investing in the latest equipment, our challenges and operational issues in the energy sector. Responding to developmental trends and the requirements of our consumers, we have established a system of quality management, which complies with the ISO 9001 and 14001 standards certified by the LRQA Corporation of Great Britain. Throughout the years, our company has been consistently proving to the operators of power facilities, both in Slovakia and abroad, our viability and high, innovative potential, in recognition of this, in 2005, when we participated in the sixth EU Framework Programme in R and D, the Slovak Ministry of

  19. The social effects of oil production in Gbaran Ubie, Bayelsa State ...

    African Journals Online (AJOL)

    The social effects of oil production in Gbaran Ubie, Bayelsa State, Nigeria. ... It examined the social, economic and environmental effects of oil production. ... Finally, recommendations were made which include that the oil companies should look beyond the present and train personnel on new technologies such as cleaning ...

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

    International Nuclear Information System (INIS)

    Zamith, R.; Moutinho Dos Santos, E.

    2000-01-01

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

  1. Peru steps up push to attract oil investment

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    This paper reports that Peru's government is stepping up efforts to attract more foreign investment in its oil and gas sector. Since taking over in July 1990, the government of President Alberto Fujimori has taken a number of steps to privatize the oil sector, improve the fiscal regime for oil investment, and streamline regulations on oil and gas investment. In the most dramatic step, the Fujimori administration ended state oil company Petroleos del Peru's monopoly on downstream operations as well as imports and exports of oil and gas as part of sweeping new oil and gas legislation. In addition, officials of the Fujimori administration have been traveling to key oil centers around the world with a presentation on Peru's hydrocarbon potential, trying to spark interest in E and D investment there

  2. Heavy oil transportation - Challenges and opportunities

    Energy Technology Data Exchange (ETDEWEB)

    Gerez, John [Enbridge International (United States)

    2011-07-01

    Enbridge is a leading company in the transportation of oil and gas through pipelines, the company is also active in green energy projects. In North America, Enbridge has built a pipeline which provides the Canadian oil sands with diluent for the production of heavy oil. The heavy oil sector is confronted with technical, social, environmental, regulatory, commercial and diluent supply challenges. With the declining demand in North America, Enbridge has launched a pipeline project to link the Canadian oil sands to Canada's west coast and thereby gain better access to growing markets such as China and India. This project is expected to provide billions of dollars of benefits in the form of provincial and federal revenues and to increase Canada's gross domestic product over the next 30 years. A similar project, Oleoducto al Pacifico, is underway in Colombia to stimulate heavy oil exploration and production by connecting the oil plays to high growth Pacific markets; it is expected to provide long-term economic benefits to the country.

  3. Company Value Anatomy

    Directory of Open Access Journals (Sweden)

    Luiz Nelson Guedes de Carvalho

    2008-10-01

    Full Text Available The seminal propositions by Modigliani and Miller started a new study area in modern finance theory. Over time, their basic assumptions were relaxed, to the extent that, nowadays, situations in which they can be fully applied, with consistent and satisfactory results, are rare. On the other hand, as this simple set of propositions became known worldwide and was easily applicable, it was adopted as a rule of thumb for general enterprise valuation. However, in situations without methodological bias, the resulting enterprise values obtained by traditional methodologies are abstruse and do not allow for the analysis and management of the individual values that make up the firm and own capital values. In order to avoid this kind of abstruseness in company valuation, this study theoretically deducts an alternative valuation methodology, which permits the identification of assets’ value independently of their financing; moreover, we identify the gain on debt value that the debt provides to the shareholders, the debt tax shield and the value loss of assets and tax shield due to the increase in shareholder risk because of the leverage capital structure.

  4. Organisational architectres of multinationale companies

    OpenAIRE

    Křivanová, Jana

    2009-01-01

    At work I try to define a few concepts - globalization, multinational companies and organizational architecture. Should also bring the development and analyze the structures of multinational companies, and show their use in practice. Zoom in further development of organizational structures with regard to the global crisis.

  5. A research company in transition

    International Nuclear Information System (INIS)

    Hatcher, S.R.

    1989-01-01

    The role of Atomic Energy of Canada Ltd's Research Company is to perform the research, development, demonstration and marketing needed to apply nuclear sciences and their associated technologies for the maximum benefit of Canada. This article by its president, Dr S R Hatcher, describes the Research Company as it attempts to fulfil its mission in very altered circumstances. (Author)

  6. Gamification in a Consulting Company

    NARCIS (Netherlands)

    Blaauw, Frank; Bazylevska, L.; Aiello, M.

    2014-01-01

    Gamification refers to the use of game-design elements in a non-gaming context. The consulting company Capgemini has set up a rudimentary Gamification platform to help motivating the people to do extra work for the company in their spare time. In order to re- ward people for this effort, they can

  7. Pro Forma Registration of Companies

    DEFF Research Database (Denmark)

    Werlauff, Erik

    2010-01-01

    The article analyses the view taken by Community law on companies' pro forma registration in another EU or EEA country. Community law recognises pro forma registration under company law, i.e. a brass plate is sufficient, whereas it does not recognise pro forma registration under tax law, i.e. a b...

  8. Online Company-stakeholder Communication

    DEFF Research Database (Denmark)

    Eriksen, Rikke Augustinus; Morsing, Mette

    Based on a systematic data collection we study one of the first pioneering company-stakeholder communication campaigns in social media: the case of energy company Vattenfall A/S’s pan-European campaign ‘The Climate Manifesto’. Our findings challenge the general assumption, that stakeholder intera...

  9. Responsibilities of Companies towards Employees

    Directory of Open Access Journals (Sweden)

    Monray Marsellus Botha

    2015-07-01

    Full Text Available Central to company law is the promotion of corporate governance. An important question in company law still today is in whose interest the company should be managed. Corporate governance needs to address the entire span of responsibilities to stakeholders of the company such as customers, employees, shareholders, suppliers and the community at large. The promotion of human rights in the application of company law must also take place. This is extremely important given the significant role of enterprises within the social and economic life of the nation. The interests of various stakeholder groups in the context of the corporation as a "social institution" should be enhanced and protected. Because corporations are part of society and the community, like all of us, it is required of them to be socially responsible and have greater accountability to all stakeholders of the company. Although directors must act in the best interests of shareholders collectively they must also consider the interests of other stakeholders. Sustainable relationships with all the relevant stakeholders are thus important. The advancement of social justice is thus important to corporations in that they should take note of the Constitution, labour legislation and company law legislation when social justice issues are dealt with. Employees have become very important stakeholders of companies and their needs should be taken into account in the bigger corporate governance and social responsibility framework.

  10. A strategy for company improvement.

    Science.gov (United States)

    Howley, L

    2000-03-01

    Strategies based on the kaizen methodology are designed to continuously improve company performance without the need for large capital investments. This article looks at how one company used simple kaizen principles to its advantage, achieving 67% increase in productivity and 10% reduction in the standard cost of product.

  11. What the new economy means for the oil business

    International Nuclear Information System (INIS)

    Kopeck, J.

    2001-01-01

    The value-creation opportunities associated with electronically transforming old economy sectors, particularly oil and gas companies, was discussed. Traditional businesses that use Internet technology extensively can shift their strategic perspective to an e-business perspective where required physical capital and working capital is very low, and where focus on product capital can be the greatest. This new strategy creates a more efficient and dynamic company with potential for long-term competitive advantages. Many oil companies have moved forward with implementing the needed technology and management infrastructure for e-business. Electronic transformation through a meta-capitalism perspective offers oil companies a great opportunity to create exceptional shareholder value. Some graphs showed that integrated oil companies have under-performed the Standard and Poors 500 even as they aggressively reduce their cost structures. The reinforcing dynamics between the responses from the integrated oil companies are creating the basis for an accelerated change of pace. The efforts that Texaco, Chevron, Shell and BP have made to move forward with e-business initiatives were highlighted. 8 figs

  12. Marketing BTUs: Gas, electricity lead oil in innovation

    International Nuclear Information System (INIS)

    Krapels, E.N.

    1996-01-01

    The transformation in relations between energy providers and users--powered by reform of electric utilities and by continuation of natural gas deregulation--is challenging several fundamental precepts of how oil companies managed their deregulation. In the wake of the price decontrol completed by the Reagan administration in 1981, oil companies (1) retreated from national business structures, (2) focused on limited range core businesses, and (3) provided minimal oil price risk management services for their customers. By contrast, the electric and natural gas industry is consolidating for the purpose of playing a role in ever-larger markets, diversifying its products and services, and providing innovative hedging instruments to itself as well as its customers. From Enron, one can purchase physical and paper energy, delivered in whatever form desired, nationwide and internationally, with or without mechanisms to manage price risk. What will impede the newly integrated energy companies--which are composite electric plus natural gas firms--from also delivering products and services now rendered by the oil companies? Could utilities organize gasoline consumers better than oil companies? If the Price Club can sell gasoline at 10 cents below market, why can't the new energy companies do so? The paper discusses what consumers want, procurement and costs, and innovations and lessons

  13. Impressions management: lessons from the oil industry

    NARCIS (Netherlands)

    M.D. van Halderen (Mignon); G.A.J.M. Berens (Guido); M. Bhatt (Mamta); T.J. Brown (Tom); C.B.M. van Riel (Cees)

    2016-01-01

    markdownabstractIn the late 1990s, after over a century of extracting hydrocarbons, the petroleum industry faced a growing scientific consensus that pollution from fossil fuels is a major cause of global warming. Operationally and in terms of their global image, oil and gas companies faced a serious

  14. OIL BOND®

    Science.gov (United States)

    Technical product bulletin: this miscellaneous oil spill control agent is a solidifier used in cleanups. It absorbs and solidifies hydrocarbon spills on freshwater and saltwater or land applications. Ring spill with booms or pillows before treatment.

  15. Peppermint Oil

    Science.gov (United States)

    ... Talley NJ, Spiegel BM, et al. Effect of fibre, antispasmodics, and peppermint oil in the treatment of irritable bowel syndrome: systematic review and meta-analysis. BMJ . 2008;337:a2313. Kligler B, Chaudhary S. Peppermint ...

  16. Mineral oil

    International Nuclear Information System (INIS)

    Schult-Bornemann, Karl-Heinz

    2015-01-01

    The dominant theme in the world energy market was the fall in oil prices in 2014. From 115 US-$/bbl in June it dropped to below 50 US-$/bbl in January 2015. Thereby the shale oil revolution has had the strong impact on the global energy situation, to this point has been predicted for three years. Although no one could predict the exact height of the fall in oil prices, but with oil as a reserve currency for all other fuels, it has not only had an impact on the gas and coal prices, but other commodities, such as copper, have also yielded. About cause and effect, there is a lot of speculation - not all of which are supported by wisdom. [de

  17. New international developments in oil sands projects

    Energy Technology Data Exchange (ETDEWEB)

    Vercoe, J. [Fasken Martineau DuMoulin LLP, London (United Kingdom)

    2008-09-15

    Governments and oil companies from a variety of different countries are now working to create alternative oil and gas operations and the policies required to enable their financial success. The Africa Energy Commission was developed to coordinate policy and act as a framework for the African energy sector. Several large oil and gas operators have become involved in the creation of new contracts to develop training and human resources policies for the petroleum industry in Congo. Issues related to national oil companies and value creation in African countries are currently being studied by the World Bank. A biofuel alliance was recently signed between Congo and Brazil, and a Congo Forest Fund has also been created to help the inhabitants of the Congolese rainforest protect their environment. Congo is also offering opportunities for international companies to implement greenhouse gas (GHG) emission reduction programs to trade emission credits when requirements are satisfied. It was concluded that several African countries are suitable candidates for oil sands development. 1 fig.

  18. India expanding oil/gas E and D, infrastructure

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    This paper reports that India continues to press oil and gas exploration and development and expansion of its petroleum sector infrastructure. One of the key moves is the government's decision to stage a fourth exploration bidding round, its most ambitious to date and one expected to elicit enthusiasm from international oil companies. At the same time, state oil companies Oil and Natural Gas Commission and Oil India Ltd. plan to maintain strong domestic E and D programs. ONGC is seeking more revenue to sustain India's ambitious oil and gas upstream plans. The state company has asked the government for a 50% hike in the price of domestic crude. The government currently pays ONGC and OIL only about $8.84/bbl, a price fixed in 1981. A jump of 50% in the domestic crude price would net ONGC another $1 billion/year in revenues, ONGC Chairman S.L. Khosla the. The government and other state companies also continue efforts to expand gas utilization and markets and match refining plans with market needs

  19. Finding and development costs for oil and gas in Western Canada : 1992-1996

    International Nuclear Information System (INIS)

    Quinn, D.; Luthin, A.

    1997-01-01

    The role that finding and development (F and D) costs play in determining the level of profits in the oil and gas industry in Canada was discussed. Although exploration is necessary for the growth of the Canadian oil and gas industry, it is widely recognized that finding and development costs must be minimized if the companies are to have continued success. The average finding and development costs for developing reserves of crude oil and natural gas in the Western Canada Sedimentary Basin for 43 companies over a five year period from 1992 to 1996 were reviewed. The average F and D cost for the sample of companies was $7.51 per barrel of oil equivalent. Intermediate companies had higher costs than either the junior or senior companies. But despite the differences in the five-year averages, F and D costs for the senior, intermediate, and junior companies tended to converge from 1992 to 1996. It was noted that the companies that focused on finding and developing natural gas reserves had lower F and D costs than those companies that concentrated on oil. Overall, the absence of any significant upward trends in F and D costs is an encouraging result for the oil and gas industry in Western Canada. Much of the stability in the cost of finding and developing new resources was found to be attributable to judicious deployment of new technology. 19 refs., 29 tabs., 47 figs

  20. Business cycles and the financial performance of fuel cell companies

    International Nuclear Information System (INIS)

    Henriques, I.; Sadorsky, P.

    2005-01-01

    Fuel cells are expected to play a major role in a hydrogen powered world. They will provide power to homes, modes of transportation and appliances. Hydrogen is the most abundant element in nature, but it must be extracted in order to be usable. It can be produced from oil, natural gas and coal or from renewable sources such as biomass, thermal or nuclear reactions. Fuel cells running on hydrogen extracted from non renewable resources have an efficiency of 30 per cent, which is twice as efficient as an internal combustion engine. The greatest barrier to mass commercialization is the cost of making hydrogen-powered auto engines. Also, an infrastructure must be developed to refill hydrogen cars. One solution is to build a hydrogen highway using the existing natural gas grid to produce hydrogen and sell it at existing filling stations. The cost of building 12,000 refueling pumps in urban areas which will provide access to 70 per cent of America's population is estimated at $10 to $15 billion. This paper described the vector autoregression (VAR) model which empirically examines the relationship between financial performance of fuel cell companies and business cycles. It was used to measure how sensitive the financial performance of fuel cell companies are to changes in macroeconomic activity. A four variable VAR model was developed to examine the relationship between stock prices, oil prices and interest rates. It was shown that the stock prices of fuel cell companies are affected by shocks to technology stock prices and oil prices, with the former having a longer lasting impact. These results add to the growing literature that oil price movements are not as important as once thought. 15 refs., 3 tabs., 3 figs

  1. Exports of crude oil, 1988

    International Nuclear Information System (INIS)

    1989-06-01

    Effective June 1, 1985, licensing and charging of oil exports ended. The Board now issues export orders specifying neither volumes nor prices and covering an exportation period of up to 1 year for light crude oil and up to 2 years for heavy crude oil, available on request to both Canadian and foreign companies. The Board has assumed a monitoring role, and export prices and volumes are reported monthly by exporters. This annual report provides a review of the volumes and prices associated with the supply and disposition of Canadian crude oil during 1988. Highlights are given with detailed information on prices, both internationally, in Canada, and the Chicago posted price by light or heavy crude, and on volumes including capacity and disposition in both domestic and export markets. A short description of the import market is included. Comparisons are made with the previous year. Export volumes of light crude oil in 1988 increased by 13% to average 50,200 m 3 /d. Export volumes of heavy crude also increased by ca 13% to 62,600 m 3 /d. 15 figs., 2 tabs

  2. Adaptation of the Balanced Scorecard: Case Study in a Fuel Distribution Company

    Directory of Open Access Journals (Sweden)

    Omar José Evangelista de Barros

    Full Text Available ABSTRACT This study aims to analyze and explain the adaptation of the balanced scorecard (BSC, through the theoretical model by Ansari, Fiss and Zajac (2010, in a fuel distribution company (nicknamed Oil Company, which is characterized in this article as a late adopter. By doing so, we place the adaptation process at the heart of our research on the diffusion of management accounting practices. The results showed that the BSC adopted in the Oil Company is compatible with other technologies observed in the organization. Regarding the cultural aspect, there was low adaptation of the practice to the organizational culture; however, no political misfits were observed. Due to this low cultural fit between the BSC and the Oil Company, in the latter the BSC has high fidelity and low extension in relation to the model observed in the extant literature. The article builds on the theoretical and empirical evidence that a specific adaptation pattern depends on the fit between the technical, cultural, and political characteristics of the practice implemented and the characteristics of the company. This is a distinctive aspect of our study, as it seeks to explain variations in the organizational practices by analyzing their consistency with the needs, objectives, and structure of the adopting company, especially considering the cultural and political aspects involved in the adaptation process.

  3. Privatization impact on the competition strategies of the petroleum companies: a case study; Impactos da privatizacao sobre as estrategias competitivas de empresas de petroleo: um estudo de caso

    Energy Technology Data Exchange (ETDEWEB)

    Carneiro, Jorge Manoel T.; Cavalcanti, Maria Alice F. Deschamps [PETROBRAS, Rio de Janeiro, RJ (Brazil); Silva, Jorge Ferreira da [Pontificia Universidade Catolica, Rio de Janeiro, RJ (Brazil). Dept. de Administracao de Empresas

    1998-07-01

    In many countries the deregulation of the petroleum industry has eventually led to the privatization of the national oil companies. As a result of deregulation, the business environment becomes more hostile. The change in the competitive environment, together with the modification in companies ownership, have rise to significant changes in the competitive strategies employed by the companies. When they were State-run, oil companies would show little consistency in the their strategies. However, as private concerns, they have come to present patterns of differentiation strategies coupled with a search for cost parity in the industry. (author)

  4. Method of evaluating the impact of ERP implementation critical success factors - a case study in oil and gas industries

    Science.gov (United States)

    Gajic, Gordana; Stankovski, Stevan; Ostojic, Gordana; Tesic, Zdravko; Miladinovic, Ljubomir

    2014-01-01

    The so far implemented enterprise resource planning (ERP) systems have in many cases failed to meet the requirements regarding the business process control, decrease of business costs and increase of company profit margin. Therefore, there is a real need for an evaluation of the influence of ERP on the company's performance indicators. Proposed in this article is an advanced model for the evaluation of the success of ERP implementation on organisational and operational performance indicators in oil-gas companies. The recommended method establishes a correlation between a process-based method, a scorecard model and ERP critical success factors. The method was verified and tested on two case studies in oil-gas companies using the following procedure: the model was developed, tested and implemented in a pilot gas-oil company, while the results were implemented and verified in another gas-oil company.

  5. Guide to oil spill exercise planning

    International Nuclear Information System (INIS)

    1996-01-01

    The International Convention on Oil Pollution Preparedness, Response and Cooperation (OPRC Convention) foresees a future in which all at risk states have national oil spill preparedness and response plans. The Convention also encourages the idea that national plans be developed in cooperation with oil and shipping industries. The ultimate test of any contingency plan is measured by performance in a real emergency. It is vital, therefore, that any programme for developing a national contingency plan must include an ongoing programme to test the plan through realistic exercises. An exercise programme must progressively prepare the Oil Spill Energy Response Team to perform effectively in realistic representations of the risks that the contingency plan has been designed to meet. This report has been designed to guide all those in government or industry who are faced with the responsibility of developing and managing oil spill response exercises at all levels. It carries with it the authority that derives from peer review by many centres of oil spill response excellence around the world. It is well-illustrated with brief case histories of exercises that have been carried out by many IPIECA member companies. Each of those companies has indicated its preparedness to share more information by providing contact name and address details within this report. (author)

  6. East India Company Logbooks - Images

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This collection consists of images of 1,235 ship logbooks created during British East India Company voyages. Period of record 1786-1834, peaking in 1804. The...

  7. LEADERSHIP DEVELOPMENTS IN SLOVENIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Andrej Kohont

    2016-04-01

    Full Text Available In this paper we study the relationship between the company and the leaders. We are interested what is characteristic of leadership in the best Slovenian companies. We used standardised employee questionnaire and data gathered in the Golden thread project. We observe the situation in these companies in the period between 2007 and 2014 to find out if there are any significant changes in leadership developments. Special attention in leadership observation is devoted to 1. The fundamental relationship between the company and the leaders, 2. The role and quality of leaders work, 3. Organizational culture, climate and relationships, 4. Entrepreneurship and innovation, 5. The quality of the working environment, 6. The personal growth and development and 7. Emotional commitment. The analysis represents an insight into current leadership situation and shows that the recent developments were heavily marked by the economic crisis, especially in 2009.

  8. BUSINESS INTELLIGENCE FOR INSURANCE COMPANIES

    Directory of Open Access Journals (Sweden)

    A. Ignatiuk

    2016-06-01

    Full Text Available The current state and future trends for the world and domestic insurance markets are analyzed. The description of business intelligence methodology, tools and their practical implication for insurance companies are provided.

  9. Integrated Evaluation Method-Based Technical and Economic Factors for International Oil Exploration Projects

    OpenAIRE

    Rui Guo; Dongkun Luo; Xu Zhao; Jianliang Wang

    2016-01-01

    Optimizing international oil exploration projects is one of the main challenges for oil companies in obtaining investment benefits. This paper establishes an integrated evaluation model to maximize investment benefits within the constraints of technical and economic factors, including geological factors, resource quality, geographic conditions, the investment environment, and oil contracts. The paper also proposes a dynamic calculation method of indicators’ weight associated with oil prices. ...

  10. The Impacts of Oil Palm on Recent Deforestation and Biodiversity Loss

    OpenAIRE

    Vijay, Varsha; Pimm, Stuart L.; Jenkins, Clinton N.; Smith, Sharon J.

    2016-01-01

    Palm oil is the most widely traded vegetable oil globally, with demand projected to increase substantially in the future. Almost all oil palm grows in areas that were once tropical moist forests, some of them quite recently. The conversion to date, and future expansion, threatens biodiversity and increases greenhouse gas emissions. Today, consumer pressure is pushing companies toward deforestation-free sources of palm oil. To guide interventions aimed at reducing tropical deforestation due to...

  11. Applying CFD in the Analysis of Heavy Oil/Water Separation Process via Hydrocyclone

    OpenAIRE

    K Angelim; A De Lima; J Souza; S Neto; V Oliveira; G Moreira

    2017-01-01

    In recent years most of the oil reserves discovered has been related to heavy oil reservoirs whose reserves are abundant but still show operational difficulties. This fact provoked great interest of the petroleum companies in developing new technologies for increasing the heavy oil production. Produced water generation, effluent recovered from the production wells together with oil and natural gas, is among the greatest potential factors for environmental degradation. Thus, a new scenario of ...

  12. Determinants of the company value

    Directory of Open Access Journals (Sweden)

    Kamila Růžičková

    2011-01-01

    Full Text Available Today, there are many conceptions involving creation of the company value, as it is the main objective for the owners. However, there are still many companies interested primarily in the different company’s objectives and enhance its competitive position differently. The aim of the paper is to present and analyze the viewpoints of Czech and foreign specialists on the issue of company value creation. The paper provides the determination of factors positively influencing the company value, the description of their characteristics, and on the basis of a detailed academic discussion proposes conclusions. Attention is paid especially to the value drivers which are not recorded in the financial documents.The introduction of the paper gives a brief overview of the topic. The paper is divided into three main parts. The first part introduces the effective cost management. It clarifies the concept of the managerial accounting and explains its contribution to the creation of the company value. The second part deals with the external relationships of the company. It focuses on the buyer-supplier relationships and offers the detailed perspective on the specific issue of the agricultural companies and their competitiveness in relation to the land leases. The third part concentrates on the internal company environment, namely on the human capital potential and its effects on the value of the company. In the concluding part, the findings are summarized. Based on the results, the figure describing the determinants and generators of the company value is formed. This figure can be considered a systematic procedure how to create a company value.All findings are supported with the literature review e.g. Armstrong (2007, Fibírová and Šoljaková (2005, Marinič (2008, Petřík (2007 and Porter (2004. Within the paper elaboration, the analysis and synthesis as scientific methods were used for explanation of the experts’ points of view and then summed up as the

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

    Science.gov (United States)

    Benami, E.; Curran, L. M.

    2017-12-01

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

  14. COMPANIES WITH MARKET POSITIONING BRANDS

    OpenAIRE

    Ruxandra Radoviciu; Filimon Stremtan

    2009-01-01

    Positioning a company on the market by the usage of brands is defined as the act ofdesigning the supply and its image on the market, so as to occupy a distinct place in the minds of theirtarget audience. The role of positioning in developing marketing strategy to differentiate products andservices involves the selection of attributes that are considered important for consumers. In order togain a strong position on the market the companies must perform a market analysis, an internalanalysis an...

  15. Which Companies Benefit form Liberalization?

    DEFF Research Database (Denmark)

    Baghdasaryan, Delia; la Cour, Lisbeth; Schneider, Cédric

    2016-01-01

    Theoretical research shows that competition has positive effects on productivity, for companies that are initially efficient, but not for unproductive firms. Our empirical analysis on a panel data of Czech companies, years 1995–2004, confirms this result. In addition, our analysis shows that when...... economic reforms affect both domestic and foreign competition, controlling for domestic competition is crucial when assessing the impact of trade liberalization. Otherwise, the effect of trade liberalization on firm productivity is upward biased....

  16. financial analysis of the company

    OpenAIRE

    Pojerová, Jana

    2008-01-01

    The main goal of this bachelor thesis called "Company Financial Analysis" is to evaluate the financial situation of ZS Kosova Hora a.s. in the years 2005 2013 using standard methods of financial analysis. To achieve this goal horizontal and vertical analyses, ratio analysis, pyramidal decomposition of the ROE indicator and solvency and bankruptcy models have been used. In all these areas the selected company has been compared with a selected sample of other agricultural enterprises and its fi...

  17. International Companies in Fragile States

    DEFF Research Database (Denmark)

    Patey, Luke; Kragelund, Peter

    Denmark must not fail to promote corporate social responsibility in fragile states. International companies remain active in these environments, and often worsen rather than alleviate poor governance. Financial transparency and human rights initiatives offer the first step in ensuring that this d......Denmark must not fail to promote corporate social responsibility in fragile states. International companies remain active in these environments, and often worsen rather than alleviate poor governance. Financial transparency and human rights initiatives offer the first step in ensuring...

  18. The US's group of seven: US oil import dependence grows

    International Nuclear Information System (INIS)

    Anon.

    1993-01-01

    The latest available import data from the US Department of Energy show greater US dependence on imported crude oil, a two percentage point increase in 1992 above 1991. In fact, the share of imported crude oil of the sum of the US crude production and imports has grown from less than one-third in 1986 to nearly 46% in 1992. A closer look at the data reveals that US crude oil dependence is become increasingly centered on a small number of countries. In 1992, more than 85% of crude oil imports originated in seven countries: Saudia Arabia, Nigeria, Venezuela, Canada, Mexico, Angola, and the United Kingdom. Many people worry that US import dependence is at dangerous levels. However, the recent trend of joint ventures between US companies and oil producers should allay those fears by providing oil producers an incentive for stable oil supply in the US

  19. Beyond reengineering: Transformation seen as next step for companies

    International Nuclear Information System (INIS)

    Aldrich, S.; Tey, M.

    1994-01-01

    The future of the oil and gas industry is perpetually clouded, and the authors believe its chief executive officers (CEOs) have a special need to take the time to understand where they are going to be able to meet the business transformation needs of their customers in the years ahead. The challenges facing the oil and gas business today are largely external, and even magnificently run companies that are inwardly focused will fail in a business climate that is dominated by environmental and political concerns on the one hand, and supply and demand pressures on the other. What does transformation mean? First, companies need to establish clearly how to reframe their corporate responses to the issues they face. Where are they competitive? Will they focus on upstream midstream, or downstream activities for new alliances, new products, new businesses? Second, corporations must establish how to restructure their efforts in terms of their future customers and markets, not in terms of their current products. Third, companies must develop strategies to revitalize their business through leveraging their core competencies to create new products, markets, and industries. And finally, corporations need to prepare their employees constantly to renew themselves in an industry that will be redefined at an ever-increasing rate in the future

  20. Analysis Of Employee Engagement And Company Performance

    OpenAIRE

    Mekel, Peggy A.; Saerang, David P.E.; Silalahi, Immanuel Maradopan

    2014-01-01

    Employee could be a competitive advantage of a company if company manages its employees well. The success of a company could be seen from how a company manages their employees and engages their employees. Most of big companies put their employees in top priority in order to keep their top performance. These big companies manage their employees and try to engage their employees so that their employees could generate high performance. In this study, employee engagement is the factor to examine ...

  1. Human resource policy and Danish multinational companies

    DEFF Research Database (Denmark)

    Fleming, Daniel; Søborg, Henrik

    A study of Danish multinational companies' human resource policy in their subsidiaries in Malaysia and Singapore.The sample of companies consists of 8 Danish multinational companies with activities in both Malaysia and Singapore.......A study of Danish multinational companies' human resource policy in their subsidiaries in Malaysia and Singapore.The sample of companies consists of 8 Danish multinational companies with activities in both Malaysia and Singapore....

  2. 75 FR 22689 - Surety Companies Acceptable on Federal Bonds: Regent Insurance Company

    Science.gov (United States)

    2010-04-29

    ... Fiscal Service Surety Companies Acceptable on Federal Bonds: Regent Insurance Company AGENCY: Financial... following company: Regent Insurance Company (NAIC 24449) Business Address: One General Drive, Sun Prairie... renewal as long as the companies remain qualified (see 31 CFR part 223). A list of qualified companies is...

  3. 75 FR 11228 - Surety Companies Acceptable on Federal Bonds: Pennsylvania Manufacturers Indemnity Company

    Science.gov (United States)

    2010-03-10

    ... Fiscal Service Surety Companies Acceptable on Federal Bonds: Pennsylvania Manufacturers Indemnity Company....C. 9305 to the following company: Pennsylvania Manufacturers Indemnity Company (NAIC 41424... renewal as long as the companies remain qualified (see 31 CFR part 223). A list of qualified companies is...

  4. 75 FR 11228 - Surety Companies Acceptable On Federal Bonds: Manufacturers Alliance Insurance Company

    Science.gov (United States)

    2010-03-10

    ... Fiscal Service Surety Companies Acceptable On Federal Bonds: Manufacturers Alliance Insurance Company....C. 9305 to the following company: Manufacturers Alliance Insurance Company (NAIC 36897). Business... tong as the companies remain qualified ] (see 31 CFR part 223). A list of qualified companies is...

  5. Yemen - the next big player? [as an oil producer

    International Nuclear Information System (INIS)

    Roberts, J.

    1993-01-01

    1993 should be the year in which United Yemen finally starts to fulfil its potential as a significant oil producer. In recession for three years, the country desperately needs the revenues and has spared no effort in its attempt to provide the right financial climate within which international oil companies can operate. But the last three years, in terms of revenues from actual oil production, have been disastrous, with production from the much-touted Shabwa fields persistently deferred and with the overall climate for the oil industry clouded by a border dispute with Saudi Arabia that prompted at least one western major, BP, to suspend operations for a while. (author)

  6. The oil industry in 2007

    International Nuclear Information System (INIS)

    2008-01-01

    The various contributions present and comment many data about the evolutions of different parts of the oil industry until 2007: world oil and gas markets, worldwide oil exploration and production, oil exploration and production in France, oil and oil-related industry in France, hydrocarbon supplies, oil refining in France, fuel quality, substitution fuels, inner transportation of oil products, storage of oil products, consumption of oil products, taxing of oils products, price of oil products, distribution of oil products

  7. Report of an investigation into oil development, conflict and displacement in Western Upper Nile, Sudan

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-10-01

    This report discussed the human rights situation in the oil development region of Sudan, particularly since February 2000. Reports of intensified attacks carried out by the Government of Sudan forces and local pro-government militias have resulted in the recommendation that foreign oil companies, including Talisman Energy, should not remain in Sudan if they continue to refuse regular, international, independent reporting of the impacts of their operations on the Sudanese people. This report concentrates on the operational area of the Greater Nile Petroleum Operating Company (GNPOC). Control of the oil region of Sudan is contested between the government and the many rival non-government groups. The increased intensity of the attacks, and the high economic importance of oil in the war, has instigated attacks on oil installations by anti-government forces and has further intensified military activity on all sides. It was noted that in the present circumstances, oil development and the associated presence of foreign oil companies in Sudan is damaging the people of the oil areas. Talisman Energy is very vocal in its claim for the benefits of oil development. It is also committed to human rights, but without the establishment of an independent, expert, long-term field-based monitoring regime, the company cannot mitigate the damaging impacts of oil development. 2 figs.

  8. Successful oil spill response

    International Nuclear Information System (INIS)

    Tost, J.

    2000-01-01

    A freighter in the process of loading rock for the Quebec Iron and Titanium Mining Company near Havre-St. Pierre on the extreme north shore of the St. Lawrence River, was suddenly tossed against the dock by rough waters on the night of March 23, 1999, and spilled 49 tonnes of bunker fuel oil into the river. This article describes how the crew of the ship, trained by Environmental Accident Protection Inc., based in Petrolia, Ontario, averted disaster by responding to the accident quickly and effectively. Their first action was to notify the appropriate environmental and regulatory authorities and to put in place containment booms which corralled about 17 tonnes of oil. The oil contained by the booms were removed by trained personnel under the guidance of Eastern Canada Response Corporation of Corunna, Ontario, and Response Systems Inc. of Neshanic, New Jersey, in approximately three hours with only minimum disruption to the environment. Further cleanup of the area, often hindered by bad weather, freezing rain, ice, and 100 km/hr winds, was done by the cooperative efforts of governments, industry and the local fishermen's association. The work included scrubbing the shore with wire brushes and scrapers and handbathing some 1000 migratory birds. The cleanup job was completed in about three weeks and the Mingan Archipelago National Park Reserve and other nearby habitats for migrating birds were saved the devastation that would have occurred, except for the quick and knowledgeable intervention of a trained crew and an outstanding example of public-private sector and community cooperation. 2 photos

  9. Valuating Indonesian upstream oil management scenario through system dynamics modelling

    Science.gov (United States)

    Ketut Gunarta, I.; Putri, F. A.

    2018-04-01

    Under the existing regulation in Constitution Number 22 Year 2001 (UU No 22 Tahun 2001), Production Sharing Contract (PSC) continues to be the scenario in conducting oil and gas upstream mining activities as the previous regulation (UU No. 8 Tahun 1971). Because of the high costs and risks in upstream mining activities, the contractors are dominated by foreign companies, meanwhile National Oil Company (NOC) doesn’t act much. The domination of foreign contractor companies also warned Indonesia in several issues addressing to energy independence and energy security. Therefore, to achieve the goals of energy which is independence and security, there need to be a revision in upstream oil activities regulating scenario. The scenarios will be comparing the current scenario, which is PSC, with the “full concession” scenario for National Oil Company (NOC) in managing oil upstream mining activities. Both scenario will be modelled using System Dynamics methodology and assessed furthermore using financial valuation method of income approach. Under the 2 scenarios, the author will compare which scenario is better for upstream oil management in reaching the goals mentioned before and more profitable in financial aspect. From the simulation, it is gathered that concession scenario offers better option than PSC in reaching energy independence and energy security.

  10. 1170-MW(t) HTGR-PS/C plant application study report: shale oil recovery application

    International Nuclear Information System (INIS)

    Rao, R.; McMain, A.T. Jr.

    1981-05-01

    The US has large shale oil energy resources, and many companies have undertaken considerable effort to develop economical means to extract this oil within environmental constraints. The recoverable shale oil reserves in the US amount to 160 x 10 9 m 3 (1000 x 10 9 bbl) and are second in quantity only to coal. This report summarizes a study to apply an 1170-MW(t) high-temperature gas-cooled reactor - process steam/cogeneration (HTGR-PS/C) to a shale oil recovery process. Since the highest potential shale oil reserves lie in th Piceance Basin of Western Colorado, the study centers on exploiting shale oil in this region

  11. Oil spills

    International Nuclear Information System (INIS)

    Spaulding, M.L.; Reed, M.

    1990-01-01

    Public awareness and concern for the potential short and long term impacts of oil spills on the marine environment has generally been high, particularly for regions of special ecological importance or where significant numbers of marine mammals and birds are present. This awareness was further heightened by the extraordinary number of recent large spills in coastal U.S. water: Exxon Valdez, Alaska; World Prodigy, Rhode Island; Presidente Rivera, Delaware; Rachel-B, Texas and American Trader, California. The occurrence of so many spills in a one year period is unprecedented in U.S. spill history. The legislative response to these spills has been immediate. New legislative initiative are rapidly being developed. Improved ways to organize spill response efforts are being devised and implemented. Funds are being allocated to further develop and improve spill response equipment and damage assessment methodologies. These spill events will have a significant impact in both the short and long term on oil exploration, development and transport in marine waters. They will result in major changes in management and operation of oil exploration and development. The purpose of this conference was to provide a forum for discussion of the changes which are currently taking place in oil spill legislation, management, and response strategies

  12. Oil spills

    Energy Technology Data Exchange (ETDEWEB)

    Spaulding, M.L.; Reed, M.

    1990-01-01

    Public awareness and concern for the potential short and long term impacts of oil spills on the marine environment has generally been high, particularly for regions of special ecological importance or where significant numbers of marine mammals and birds are present. This awareness was further heightened by the extraordinary number of recent large spills in coastal U.S. water: Exxon Valdez, Alaska; World Prodigy, Rhode Island; Presidente Rivera, Delaware; Rachel-B, Texas and American Trader, California. The occurrence of so many spills in a one year period is unprecedented in U.S. spill history. The legislative response to these spills has been immediate. New legislative initiative are rapidly being developed. Improved ways to organize spill response efforts are being devised and implemented. Funds are being allocated to further develop and improve spill response equipment and damage assessment methodologies. These spill events will have a significant impact in both the short and long term on oil exploration, development and transport in marine waters. They will result in major changes in management and operation of oil exploration and development. The purpose of this conference was to provide a forum for discussion of the changes which are currently taking place in oil spill legislation, management, and response strategies.

  13. Cracking oils

    Energy Technology Data Exchange (ETDEWEB)

    Lelgemann, W.

    1933-12-19

    A volatile spirit suitable for use as petrol and containing aromatic and aliphatic constituents is obtained by cracking crude oils, asphalts, and creosotes, in presence of catalysts comprising a halogenated oxygen compound of nitrogen, e.g. nitrosyl chloride, and calcium oxide. The method of carrying out the process and the apparatus used are the same as described in Specification 430,748.

  14. Cracking oils

    Energy Technology Data Exchange (ETDEWEB)

    Lelgemann, W.

    1933-12-19

    A volatile spirit suitable for use as petrol and containing aromatic and aliphatic constituents is obtained by cracking crude oils, asphalts, and creosotes, in presence of catalysts comprising a halogenated oxygen compound of nitrogen and a mixture of iron and aluminum chlorides. The method of carrying out the process and the apparatus used are the same as described in Specification 430,748.

  15. The oil boom in Equatorial Guinea

    International Nuclear Information System (INIS)

    Frynas, J.G.

    2004-01-01

    In less than a decade, Equatorial Guinea has transformed itself from an African backwater into one of the world's fastest growing economies and a sought-after political partner in the Gulf of Guinea. The sole reason for this transformation has been the discovery of oil and gas. This article outlines the rise of Equatorial Guinea as one of Africa's leading oil-producing countries and investigates the political, economic and social effects of becoming a petro-state. The article is based on the author's field research in Equatorial Guinea in the autumn of 2003 and interviews with senior oil company staff, government officials and staff of international organizations as well as secondary sources. This research demonstrates how reliance on oil and gas exports can lead to profound changes in a country's political economy. (author)

  16. The term structure of oil futures prices

    International Nuclear Information System (INIS)

    Gabillon, J.

    1991-01-01

    In recent years, there has been a massive development of derivative financial products in oil markets. The main interest came from large energy end-users who found in them a welcome opportunity to lock in fixed or maximum prices for their supplies over a period of time. Oil companies and oil traders were able to provide tailor-made swaps or options for the specific needs of the end-users. In this paper, we present a two-variable model of the term structures of futures prices and volatilities assuming that the spot and long-term prices of oil are stochastic, and are the main determinants of the convenience yield function. Although the resulting convenience yield is stochastic, the model admits an analytic formulation under some restrictions. (author)

  17. Funding oil and gas ventures

    International Nuclear Information System (INIS)

    Billingsley, L.T.

    1992-01-01

    This paper is addressed to geologists who must raise external funds for prospect acquisition, exploratory and development drilling, or to a limited extent, production acquisition. In the ranks of independent geologists, external funding is what separates a dreamer with a good idea from a successful oil and gas producer who gets ideas evaluated on a regular basis. The quantity of external funding usually dictates the level of drilling activity for independent geologists and small companies. Companies or individuals with high levels of internal cash flow set budgets to determine their drilling activity. The purpose of this paper is to provide an independent geologist with an overview of raising external funding. The scope is purposely general. The real motivation behind this paper is not to provide a cookbook for selling prospects. Instead, the author hopes to stimulate geologists to become students of salesmanship and thereby increase the effectiveness of their fund

  18. Kashagan oil field development. Kazakhstan

    International Nuclear Information System (INIS)

    Urbaniak, D.; Gerebizza, E.; Wasse, G.; Kochladze, M.

    2007-12-01

    Based on our research and field investigations of the Kashagan oil field development and relevant infrastructure in the Atyrau and Mangistau regions of Kazakhstan (cities and vicinities of Aktau, Atash, Atyrau, Bautino, Bolashak, Karabatan and Koshanai) evidence has been collected that raises serious concerns about environmental, social and health effects of this oil field development - such as sulphur emissions and storage which may pose serious threats for the communities close to the Kashagan oil facilities and for the Caspian Sea environment. Furthermore, since becoming the single Operator of the North Caspian Sea Production Sharing Agreement (PSA), the Agip Kazakhstan North Caspian Operating Company N.V. (Agip KCO) has failed to release all information available on the environmental, health and social impacts of its operations in the Kashagan oil field. As requested by the local communities and required by Constitution of Kazakhstan Republic and Aarhus Convention on Access to Information, Public Participation in Decision-Making and Access to Justice in Environmental Matters ratified by Kazakhstan in 2001, such information must be made available. There is also a growing concern among the civil society that the European Commission through its officials is publicly expressing support to European oil companies' members of the Agip KCO despite their failure to fulfil basic environmental regulations. This continued support contradicts the European Union's fundamental values and frequent statements related to Human Rights and Sustainable Development. Thousands of people have already been relocated in the region because of sulphur emissions and other highly poisonous chemicals such as mercaptans, which are present at very high levels in Northern Caspian oil. Unprotected storage of large quantities of sulphur is also recognised as a major cause of acid rain on a global level. This Report implores Agip KCO to release all available and required information on the

  19. The European Company : From a Swedish private company perspective

    OpenAIRE

    Öster, Alexandra; Alm, Cecilia

    2006-01-01

    The development within the European Union is that we are heading towards a common internal market. The law has during the year become more harmo-nized within the Union in many areas. The company law within the European Union has become harmonized through several company law directives and the freedom of establishment, which is included in the EC Treaty. The aim of an internal market is about to be achieved, but there are still differences between the systems of law within the Member States. T...

  20. Rise in legal skirmishes and intellectual property protectionism force companies to re-examine technology policy

    Energy Technology Data Exchange (ETDEWEB)

    Smith, M.

    2006-12-15

    The possession of intellectual property (IP) has become an important part of a technologically advanced oil and gas industry. Firms that specialize in IP law are now aiding oil and gas companies to establish company-wide IP policies to protect their inventions and properly profit from them. However, many companies do not have a clear policy to report on the commercial value of their IP assets or keep track of efforts made to gain value from them. A patent policy could require that patents be applied for only when the scientific merits and the business merits justify the allocation of personnel and financial resources. Patent disputes can be expensive and have led some companies into financial difficulties. Companies who have not successfully defended their patents may fall victim to patent trolls, who search for un-enforced patents in order to force companies to pay for licence fees or damage awards for the patents that they acquire. Anecdotal evidence suggests that licensing is becoming an important means of generating revenue from process innovations. Petrobank Energy and Resources Ltd. has formed its own research and development company to protect patents for its proprietary toe-to-heel air injection (THAI) oilsands recovery process, and has established a patent cooperation treaty, where patents are filed in various countries in a single procedure. However, many oil and gas companies insist that some new technologies are better protected as trade secrets. To secure a patent, a company must publicly disclose all aspects of an invention. Trade secrets are an option where secrecy can be maintained after commercialization. Unlike patent protection, which expires after 20 years, trade secrets can last indefinitely, as long as the secret is not publicly disclosed or independently developed by a competitor. While patenting may offer a competitive lead-time for some companies, many industry officials prefer to focus on using their innovations in the field. The oil and

  1. Business cycles and the financial performance of fuel cell companies. Paper no. IGEC-1-074

    International Nuclear Information System (INIS)

    Henriques, I.; Sadorsky, P.

    2005-01-01

    While most business owners are likely to admit that the economic performance of the economy has some impact on their business, there has been relatively little statistical work done to measure just how sensitive the financial performance of fuel cell firms is to changes in macroeconomic activity. In this paper, a four variable vector autoregression model is developed and estimated in order to investigate the empirical relationship between stock prices, oil prices and interest rates. Our results show the stock prices of fuel cell companies to be impacted by shocks to technology stock prices and oil prices. Technology stock price shocks have a longer lasting and greater (in terms of magnitude) impact on the stock prices of fuel cell companies then oil price shocks. These results add to a small but growing literature showing that oil price movements are not as important as once thought because investors view fuel cell companies as similar to other high technology companies. These results should be of use to investors, managers and policy makers. (author)

  2. Peru: World Oil Report 1991

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    This paper reports on strong measures that are being taken to resuscitate Peru's hydrocarbon sector. The first step last August was the cutting of fuel subsidies in half. Then the administration issued tax vouchers to state utilities for the money they still owed national oil company Petroperu. A precursor to what are expected to be widespread changes to the existing petroleum legislation occurred last fall. As part of a package of fiscal reforms, the official base rate that the government paid Occidental Petroleum to produce crude for Petroperu was dropped. A new, free market rate was adopted, which was six times the old base rate

  3. Transporting US oil imports: The impact of oil spill legislation on the tanker market

    International Nuclear Information System (INIS)

    1992-06-01

    This report looks at the impact of the Oil Pollution Act of 1990 and the developing State oil spill regulations on the tanker and coastal barge markets, and at the implications for the future of the U.S. seaborne petroleum trades. The analysis relied on a dual approach. Because much of the legislation, both State and Federal, is still evolving--particularly with respect to implementing regulations--as yet there can be no definitive assessment of its impact. Consequently a quantitative analysis of fleets, trades, and vessel movements, was complemented by extensive interviews. Discussions have been held with oil companies large and small, shipowners, charterers, insurance companies, classification societies, and a variety of public and private institutions active in the maritime industry. All interviews were conducted in confidence: no individual views are identified in the report. (AT)

  4. International participation in Russia's oil sector

    International Nuclear Information System (INIS)

    Vowinckel, G.

    1997-01-01

    The active role of the European Bank for Reconstruction and Development (EBRD) in the oil and gas sector of the former Soviet Union was discussed. The EBRD was formed in 1991 with a mandate to help Central and Eastern European countries, particularly countries of the former Soviet Union, to make a transition from the command economy to a market economy. To date, the EBRD has made 15 investments in oil and gas projects with total project costs of nearly $2 billion US. The first projects were joint venture projects with western oil companies. Some of these were the Chernogorskoye project in the Nizhnevortovsk oil region, the Polar Lights project in the Russian Timan-Pechora region, the KomiArctic Oil project in the Komi region of the Russian Federation, two Fracmaster projects and the Geoilbent project. The first years of the projects were difficult, due to the strains of trying to adapt to new challenges and changes. The fiscal regime has changed with time and new taxes have been added and others changed. Many of the legal issues with past projects have been solved. One area of concern with the joint ventures is the export of the produced oil to western markets to achieve international market prices. At present, the joint ventures export between 30 to 50 per cent of their production, but the the Russian Federation would like to increase its export capacity. Production Sharing Agreements (PSAs) have been found to be particularly suitable for the development of large oil fields such as the offshore Sakhalin Island project in the far east of the Russian Federation. Western companies such as Shell, Marathon, Mitsui and Mitsubishi are involved in the first of these developments. Azerbaijan and the Caspian Sea area are other regions outside the Russian Federation which have important potential for international participation in the development of oil fields. Efforts are being made to rehabilitate the fields and to partially rebuild existing pipelines and to construct new

  5. An overview of heavy oil properties and its recovery and transportation methods

    Directory of Open Access Journals (Sweden)

    R. G. Santos

    2014-09-01

    Full Text Available Unconventional oils - mainly heavy oils, extra heavy oils and bitumens - represent a significant share of the total oil world reserves. Oil companies have expressed interest in unconventional oil as alternative resources for the energy supply. These resources are composed usually of viscous oils and, for this reason, their use requires additional efforts to guarantee the viability of the oil recovery from the reservoir and its subsequent transportation to production wells and to ports and refineries. This review describes the main properties of high-viscosity crude oils, as well as compares traditional and emergent methods for their recovery and transportation. The main characteristics of viscous oils are discussed to highlight the oil properties that affect their flowability in the processes of recovery and pipeline transportation. Chemical composition is the starting point for the oil characterization and it has major impact on other properties, including key properties for their dynamics, such as density and viscosity. Next, enhanced oil recovery (EOR methods are presented, followed by a discussion about pipeline and transportation methods. In addition, the main challenges to achieve viable recovery and transportation of unconventional oils are compared for the different alternatives proposed. The work is especially focused on the heavy oils, while other hydrocarbon solid sources, such as oil sands and shale oil, are outside of the scope of this review.

  6. Inventory management of spare parts in an energy company

    Energy Technology Data Exchange (ETDEWEB)

    Guajardo, Mario; Roennqvist, Mikael; Halvorsen, Ann Mari; Kallevik, Svein Inge

    2012-06-15

    We address a problem of inventory management of spare parts in the context of a large energy company, producer of oil and gas. Spare parts are critical for assuring operational conditions in offshore platforms. About 200,000 different items are held in several inventory plants. The inventory system implemented at the company corresponds to a min-max system. The control parameters are decided based mainly on the expert judgment of the planners. Also, though the inventory plants can in practice be supplied from each other, the inventory planning is performed separately by the plant planners. This is because of different ownership structures where the studied company has the operative responsibility. The company is pursuing a system in which all planners conform to the same inventory management approach and evaluation, as well as being more cost efficient. Our work focuses on supporting this goal. We apply methods to decide the inventory control parameters for this system under a service level constraint. The methodology we use distinguishes unit-size and lot-size demand cases. We perform computational experiments to find control parameters for a sample of items. After the control parameters are found, we use them to explore the impact of risk pooling among the plants and inaccuracy arising from duplicate item codes.(Author)

  7. Evaluation of the level of maturity in project management in a department of a company in the oil and gas sector; Avaliacao do nivel de maturidade em gerenciamento de projetos em um departamento de uma empresa do setor de oleo e gas

    Energy Technology Data Exchange (ETDEWEB)

    Tavares, Marina Elisabete Espinho [Petroleo Brasileiro S.A. (PETROBRAS), Rio de Janeiro, RJ (Brazil)

    2012-07-01

    This work aims to analyse the results from methodology MMGP-Prado Setorial (2008) applied in a planning and control department from oil and gas segment, and suggest actions to increase its maturity level. (author)

  8. North Africa oil and gas

    International Nuclear Information System (INIS)

    Priddle, R.

    1996-01-01

    During the last decade, Algeria, Egypt and Libya have improved their fiscal terms for oil and gas development to attract more investment in this area. As a group, the three countries are implementing plans to increase crude oil production capacity 16 % from 3.15 million barrels per day (Mb/d) in 1995 to 3.65 Mb/d in the year 2000. Natural gas liquid are also being developed and their production capacity is planned to increase 30 % to 0.82 Mb/d in 2000. Concurrently, natural gas production capacity is being expanded about 50 % by 200 and natural gas exporting capacity should see a 92 % increase in 2000 over 1995 levels in short, the North Africa hydrocarbon producers are rapidly expanding their production and export capacity of gaseous and liquid hydrocarbons. This is the first IEA study to focus on North Africa. It shows how changing hydrocarbon legislation or production sharing agreements can result in changes in crude oil and natural gas production capacity. Much of the expansion outlined in this study is being guided by international oil companies attracted by the improved fiscal terms

  9. Founders of share companies under the Ethiopian share company ...

    African Journals Online (AJOL)

    This article explores the Commercial Code and other laws of Ethiopia regarding founders – who they are, liabilities and benefits - who are also called 'promoters' by many other company laws. To some extent, it also looks into the business practice based on documents like memorandum of associations, articles of ...

  10. How to Analyze Company Using Social Network?

    Science.gov (United States)

    Palus, Sebastian; Bródka, Piotr; Kazienko, Przemysław

    Every single company or institution wants to utilize its resources in the most efficient way. In order to do so they have to be have good structure. The new way to analyze company structure by utilizing existing within company natural social network and example of its usage on Enron company are presented in this paper.

  11. TRANSNATIONAL COMPANIES: DEFINITION, SPECIFICATION AND ADVANTAGES

    OpenAIRE

    TAHIRLI, Ozlam

    2017-01-01

    Thetransnational companies are considered to be the most complex and modern formamong the companies, however it has certain factors that makes it more obligedcomparing to other ones as well. Beforewe overview the structure and factors of transnational companies we shouldreview all forms of companies and determine its general definitions.

  12. Orchestrating Company Development in SMEs

    DEFF Research Database (Denmark)

    Riis, Jens Ove

    2003-01-01

    Over a period of several years many companies undergo a transformation with signifi­cant improvement in performance. We have studied such a process in seven SMEs to achieve a better understanding of how the change process was initiated and orches­trated. A rather complex picture has emerged...... suggesting a multitude of dimensions and aspects to be employed when interpreting the findings. The metaphor of orchestration seems well suited to describe company development as a process of bringing a broad spectrum of areas and aspects into play, in parallel and in series. It implies following a score...

  13. Starting a Small Instrument Company

    Science.gov (United States)

    Warburton, W. K.

    1997-03-01

    The author is now the owner of an 8 person company that develops specialized electronics to support the detectors used at synchrotron radiation facilities and is spinning this expertise off into developing spectrometry instruments for specialized medical markets. This talk will begin with a short history illustrating the random walk processes leading to the present situation and then consider some of the issues which a small company must deal with in order to survive. From this perspective, the author will then extract a list of steps the prospective physicist/entreprenuer can take, while still a student or post-doc, to prepare for success in growing a small business.

  14. Opportunities - oil and gas development in the Mexican market

    International Nuclear Information System (INIS)

    1997-01-01

    This review of business opportunities is intended as a guide for Alberta companies who are interested in investing or otherwise participating in the Mexican oil and gas industry. The guide provides a brief summary of Mexico, its political, legal and economic system, a brief review of the Mexican oil and gas industry, environmental legislation, the financial institutions, labour/management relations and overseas trade relations. Opportunities for Alberta firms in the Mexican resources industry are identified. Steps to follow for anyone contemplating business with Pemex, the state-owned oil company, are outlined and sources of assistance available to Alberta companies are reviewed. There are various lists of private consultants, Canadian banks in Mexico, accounting firms, customs brokers, freight forwarders and tips on Canadian and Mexican sources of financing. There is also a summary of commercial regulations between Pemex and its suppliers, and an organization chart of the Exploration and Production Branch of Petroleos Mexicanos. tabs., figs

  15. Wages in the oil industry 2005; Loennen i oljeindustrien 2005

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    The basis for gross wages in 2005 for employees in selected positions in the petroleum industry is examined according to tariff agreements and other administrative agreements. The operator companies, here under two contractor companies, had an average wage in 2005 equal to NOK 690.000 in the selected positions. In this sum, 141.000 is overtime pay, and 67.000 is technical subsidies. In the oil service sector the average salary was NOK 736.000 in two central profession groups, here under 177.000 in overtime pay and 41.000 in technical subsidies. This is a follow-up investigation of a corresponding investigation for 2003. Compared to 2003, the collected wages per employee has increased by 3,9 percent in the operator companies and 31 percent in the oil service sector. The increase in oil service is in particular due to an increase in overtime pay by 84 percent from 2003 levels.

  16. Russian oil policy under Putin in perspective; La politique petroliere Russe sous Poutine en perspective

    Energy Technology Data Exchange (ETDEWEB)

    Rossiaud, S. [Universite Pierre Mendes-France, Lab. d' Economie de la Production et de l' Integration Internationale, CNRS, 38 - Grenoble (France)

    2009-07-15

    This article intends to explain and evaluate the interactions between the three developments which have structured the Russian oil industry since the beginning of V. Putin's second presidential term of office: the slowing down in production growth as well as the absolute decline of the latter observed in 2008, the reorganization of this industry marked by the increasing role of public oil companies and, finally, the adjustments made to the contractual arrangements surrounding the activities of the upstream oil sector. It has shown, on one hand, that the decline in current production is the result of the exhaustion of short term strategies by private Russian companies, and on the other hand, that the contract adjustments are insufficient to allow the Russian companies to adjust to more long term strategies. From this perspective, the increased role played by public oil companies can be analysed as an organisational response to this institutional dead-end. (author)

  17. Crude oil, women and the environment: a case study of Delta State ...

    African Journals Online (AJOL)

    %), the oil companies compensation (41.9%) and sometimes government assistance (33.2%). It was therefore suggested that women should be given advantage of both formal and informal education, adequate supply of funds in form of loan, ...

  18. Experience transfer in Norwegian oil and gas industry: Approaches and organizational mechanisms

    Energy Technology Data Exchange (ETDEWEB)

    Aase, Karina

    1997-12-31

    The main objective of this thesis has been to explore how experience transfer works in Norwegian oil and gas industry. This includes how the concept of experience transfer is defined, what the barriers to achieve experience transfer are, how the oil and gas companies address experience transfer, and how these approaches work. The thesis is organized in five papers: (1) describes how organizational members perceive experience transfer and then specifies the organizational and structural barriers that must be overcome to achieve efficient transfer. (2) discusses the organizational means an oil company implements to address experience transfer. (3) describes a process of improving and using requirement and procedure handbooks for experience transfer. (4) explores how the use of information technology influences experience transfer. (5) compares organizational members` perceptions of experience transfer means in an oil company and an engineering company involved in offshore development projects. 277 refs., 3 figs., 29 tabs.

  19. Oil slick: the risk and the ordinary

    International Nuclear Information System (INIS)

    Gilbert, C.

    2004-01-01

    In order to fight oil contamination due to oil tanker accidents, it appears necessary and natural to implement new regulations through regular and more complete technical controls. It would be more efficient to define actions and policies from the true reality of sea transport. The simplified picture that appears just after an accident concerning the assumed relationships between the shipper, the public authorities and the insurance companies is far from depicting the reality. The safety relies more on mutual recommendations between the different actors of sea transport than on injunctions concerning particular points. The complexity, the specificities and particular constraints of sea trade have to be taken into account. (A.C.)

  20. Consolidated Edison Company of New York, Inc

    International Nuclear Information System (INIS)

    Raebiger, R.F.; King, R.D.; Friess, R.A.

    1992-01-01

    This paper reports that in 1989 Consolidated Edison Company of New York which initiated a comprehensive tank cleaning and inspection program of their petroleum distillate storage facilities. The program was initiated by the issuance of new regulations of the New York State Department of Environmental Conservation. A total of 10 storage tanks were cleaned, inspected and detailed engineering reports prepared for each storage tank. A total of 28 distillate storage facilities will be inspected over a three year period of time. The tanks ranged in size from 18,000 to 2,701,00 gallons and contained either No. 2 Fuel Oil or Kerosene. The project included waste disposal, tank cleaning, inspection, engineering evaluations and the design of tank repairs. Of the 10 tanks inspected, three of the tanks required extensive repairs including the design and installation of a new bottom shell course and partial floor replacement for one of the tanks. The project was completed on schedule and within the budget allocated. The ten tank project was evaluated upon its completion and recommendations regarding tank operations and maintenance were provided to minimize maintenance problems for the future

  1. Prospects for non-OPEC oil supply

    International Nuclear Information System (INIS)

    O'Dell, S.

    1994-01-01

    An International Energy Agency forecast is provided of non-OPEC oil production over a 15-year horizon. Reference-case forecasts are derived from Hubbert-type resource models, official industry announcements about such matters as oil discoveries and development projects, and an oil industry consensus. Separate regional profiles are provided for North America, Europe, the former Soviet Union, and the rest of non-OPEC countries (South America, Asia, non-OPEC Middle East). Under a flat-price scenario ($18/bbl), total non-OPEC oil supply rises slightly from 41.4 million bbl/d (MBD) in 1995 to 41.9 MBD in 2010. Under a scenario in which prices rise to $28/bbl, oil supply rises to 47.5 MBD in 2010. The latter results depend on specific assumptions concerning economic growth, energy prices, the geological potential of some areas which are not yet well understood, technological advances, and the nature of political developments. Uncertainties regarding these assumptions are discussed, with reference to reserves, price responsiveness, world oil industry investment, technology, and costs. A major uncertainty is the issue of investment in the OPEC countries, since the rising-price scenario assumes that OPEC invests only reluctantly. If major OPEC producers choose to open their upstream sectors to international oil companies, the situation will change completely. Otherwise, oil markets are expected to continue to behave in the manner of the past 20 years, with highest-cost oil being developed first while cheaper oil remains in the ground. 8 refs., 10 figs., 3 tabs

  2. Getting to the core: establishing a business plan for a new company

    International Nuclear Information System (INIS)

    DeBoni, W.

    1998-01-01

    The challenge of establishing a distinctive strategy for a new Canadian oil and gas company was discussed. In Calgary alone, there are about 500 companies trying to establish a fundamental business plan which is distinctive and superior to their competitors. A newly established company, such as Bow Valley Energy Ltd., has the advantage of starting with a clean slate. The questions that should be considered when establishing a business plan for a new company were cited as: (1) where should the company be focused geographically? (2) should exploration or development be pursued? and (3) how can value be added to each deal? It was noted that 50 per cent of the discovered petroleum reserves are located in the Middle East and Africa. Since 70 per cent of the remaining reserves are also located in these areas, it makes sense that a prime decision factor would be to focus on those regions of the world where most of the oil is located. However, it is imperative that in reorienting efforts towards those regions issues of fiscal regime and the political stability of these areas are also addressed. It was suggested that having the ability to recognize opportunities and act quickly to capitalize on them, management and operational skills to operate marginal fields profitably, and ability to efficiently manage late-life fields to extract a maximum amount of oil at a low cost, will be the most important assets for a new company to succeed. Focusing efforts in areas with proven, low-cost reserves potential would also be important in the current oil pricing environment. 2 figs

  3. Development of performance measurement model for oil operations: A study of Libyan oil companies

    OpenAIRE

    Nouara, Adel

    2015-01-01

    This thesis was submitted for the degree of Doctor of Philosophy and awarded by Brunel University London Petroleum practices involve high capital infrastructure together with complex production process for which performance measures can support examination of production within the petroleum industrial phases. The focus of this research is the performance measurement of existing and future petroleum operations. This study aims to develop a model to evaluate the employment of performance mea...

  4. The Electric Company Writers' Notebook.

    Science.gov (United States)

    Children's Television Workshop, New York, NY.

    This handbook outlines the curriculum objectives for the children's television program, "The Electric Company." The first portion of the text delineates strategies for teaching symbol/sound analysis, including units on blends, letter groups, and word structure. A second section addresses strategies for reading for meaning, including…

  5. Financial management for small companies

    Science.gov (United States)

    Bruce Hansen; Jeff Palmer; Jeff Palmer

    2000-01-01

    The wood-products industry is characterized by many small manufacturers that lack the staff to compile and analyze information on their operations and investments. Two computer programs, FRAN and JEFFI, have been developed by the USDA Forest Service at Princeton, West Virginia,to help small companies better analyze and monitor current performance, and better evaluate...

  6. Resensi Buku: The Living Company

    Directory of Open Access Journals (Sweden)

    Ayu Chairina Laksmi

    2009-08-01

    Full Text Available Book ReviewJudul buku    : The Living CompanyPenulis    : Arie de GeusPengantar    : Peter M. SengePenerbit    : Harvard Business School PressTahun terbit    : 1997Tebal    : xiv + 214 hal

  7. Chinese Companies in the Netherlands

    NARCIS (Netherlands)

    Hong, T.M.; Pieke, F.N.; Stam, T.

    2017-01-01

    The rapid growth of Chinese investment in the Netherlands has been cause for both excitement and anxiety. Many of the companies and other investors are still unknown and the background and objectives of their investment often remain unclear. This research takes a close look at fourteen Chinese

  8. KNOWLEDGE MANAGEMENT IN A COMPANY

    Directory of Open Access Journals (Sweden)

    Petrică Stoica

    2013-12-01

    Full Text Available All organisations are primarily interested in maintaining and increasing intellectual capital assets, and knowledge management represents only a manner of supporting the satisfaction of this interest and of laying stress on this type of assets. A mistaken conception, according to which at the level of a company there is a finite knowledge store that can be “managed”, reflects nothing but the fact that, at the beginning, many companies have overlooked the general aim of their business. The intangible part is immaterial, difficult to describe, quantify and measure. The intangible asset has and creates value and that is why the evaluation of intellectual property does not represent a simple activity. From a modern viewpoint, organisational learning does not consist only in obtaining new knowledge, but also considers its employment in carrying out the activities of the company, and so it contributes to the generation of new knowledge. The success of companies depends on the personnel’s ability to understand, manipulate and develop information. In case of epistemic economy, the improvement of the innovation capacity, the creation of value and wealth are based on the division of knowledge.

  9. Sales Training for Small Companies

    Science.gov (United States)

    Kinder, James F.

    1974-01-01

    The author suggests methods a sales manager in a small company can use to train effective salesmen; he defines the sales manager's role, and cites internal and external training resources. The absence of sales training courses in metropolitan Canada is noted. (AJ)

  10. Oil Shocks and Stock Prices of Airlines - An East Asia Perspective

    OpenAIRE

    Lee, Pau Boon

    2005-01-01

    The aim of this dissertation is to study and analyse the impact of oil price shock on the share prices of airline companies in East Asia, in particular international air carriers from Japan, Hong Kong, South Korea, Singapore and Malaysia by looking at how the companies‘ share prices respond to the news of oil shocks. The companies involved in this study were Japan Airlines ("JAL"), All Nippon Airways ("ANA"), Cathay Pacific Airways ("Cathay"), Korean Air ("KAL"), Malaysian Airlines ("MAS") an...

  11. Proceedings of the heavy oil Latin America congress 2011

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-07-01

    This conference brought experts together to explore the challenges faced and opportunities available in the dynamic emerging market for heavy oil which Latin America offers. The conference was attended by over 700 delegates from around the world representing official and private agencies, Latin American governments, national oil companies and service companies in heavy oil producing countries. These participants were given the opportunity to learn about the entire value chain of Latin America's heavy oil industry, with emphasis on balancing challenging environmental and social issues with operational best practices, and they also the opportunity to share their knowledge and expertise with their peers. 17 of the 29 papers presented during this conference have been catalogued separately for inclusion in this database.

  12. Proceedings of the heavy oil Latin America congress 2011

    International Nuclear Information System (INIS)

    2011-01-01

    This conference brought experts together to explore the challenges faced and opportunities available in the dynamic emerging market for heavy oil which Latin America offers. The conference was attended by over 700 delegates from around the world representing official and private agencies, Latin American governments, national oil companies and service companies in heavy oil producing countries. These participants were given the opportunity to learn about the entire value chain of Latin America's heavy oil industry, with emphasis on balancing challenging environmental and social issues with operational best practices, and they also the opportunity to share their knowledge and expertise with their peers. 17 of the 29 papers presented during this conference have been catalogued separately for inclusion in this database.

  13. Oil field rejuvenation work starts at 14 project sites

    International Nuclear Information System (INIS)

    Petzet, G.A.

    1992-01-01

    This paper reports that the U.S. Department of Energy and oil and gas companies have released more information about a joint effort to rejuvenate aging U.S. oil fields in danger of abandonment. Work is starting on 14 demonstration projects that could recover 21 million bbl of oil from the fluvial dominated deltaic (FDD) reservoirs in which they are conducted. Wider application of the same techniques, if they are successful, could results in addition of 6.3 billion bbl of reserves, nearly 25% of U.S. crude oil reserves. A multidisciplinary team approach is to be used, with as many as 11 operators, service companies, universities, or state agencies participating in each project. All of the projects will culminate in extensive technology transfer activities. Here are descriptions of the projects gleaned from public abstracts provided by the DOE contractors

  14. Efficacy of Olive oil, Groundnut oil, Soybean oil and Palm kernel oil ...

    African Journals Online (AJOL)

    Laboratory experiments were conducted to investigate the potentials of four different vegetable oils (olive oil, groundnut oil, soybean oil and palm kernel oil) for the protection of stored cowpea against Callosobruchus maculatus. Ife-brown seeds (a susceptible variety) used for the experiment were subjected to the different ...

  15. 75 FR 61246 - Surety Companies Acceptable on Federal Bonds: Darwin National Assurance Company

    Science.gov (United States)

    2010-10-04

    ... Fiscal Service Surety Companies Acceptable on Federal Bonds: Darwin National Assurance Company AGENCY.... 9305 to the following company: Darwin National Assurance Company (NAIC 16624). Business Address: 9 Farm... subsequent annual renewal as long as the companies remain qualified ] (see 31 CFR part 223). A list of...

  16. 77 FR 25535 - Surety Companies Acceptable On Federal Bonds: Pacific Employers Insurance Company

    Science.gov (United States)

    2012-04-30

    ... Fiscal Service Surety Companies Acceptable On Federal Bonds: Pacific Employers Insurance Company AGENCY....C. 9305 to the following company: Pacific Employers Insurance Company (NAIC 22748). Business Address... prior to that date. The Certificates are subject to subsequent annual renewal as long as the companies...

  17. 78 FR 15123 - Surety Companies Acceptable On Federal Bonds: Atlantic Specialty Insurance Company

    Science.gov (United States)

    2013-03-08

    ... Fiscal Service Surety Companies Acceptable On Federal Bonds: Atlantic Specialty Insurance Company AGENCY.... 9305 to the following company: Atlantic Specialty Insurance Company (NAIC 27154). BUSINESS ADDRESS: 150... Certificates are subject to subsequent annual renewal as long as the companies remain qualified (see 31 CFR...

  18. 75 FR 60865 - Surety Companies Acceptable on Federal Bonds: Allied World Reinsurance Company

    Science.gov (United States)

    2010-10-01

    ... Fiscal Service Surety Companies Acceptable on Federal Bonds: Allied World Reinsurance Company AGENCY.... 9305 to the following company: Allied World Reinsurance Company (NAIC 22730). Business Address: 199... subsequent annual renewal as long as the companies remain qualified (see 31 CFR part 223). A list of...

  19. 77 FR 25536 - Surety Companies Acceptable On Federal Bonds: Endurance American Insurance Company

    Science.gov (United States)

    2012-04-30

    ... Fiscal Service Surety Companies Acceptable On Federal Bonds: Endurance American Insurance Company AGENCY.... 9305 to the following company: Endurance American Insurance Company (NAIC 10641). Business Address: 333... subsequent annual renewal as long as the companies remain qualified (see 31 CFR part 223). A list of...

  20. 77 FR 8956 - Surety Companies Acceptable on Federal Bonds: Integrity Mutual Insurance Company

    Science.gov (United States)

    2012-02-15

    ... Fiscal Service Surety Companies Acceptable on Federal Bonds: Integrity Mutual Insurance Company AGENCY.... 9305 to the following company: Integrity Mutual Insurance Company (NAIC 14303). Business Address: P.O... Certificates are subject to subsequent annual renewal as long as the companies remain qualified (see 31 CFR...