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Sample records for integrated oil companies

  1. The effects of vertical integration on oil company performance

    International Nuclear Information System (INIS)

    Barrera-Rey, Fernando.

    1995-10-01

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

  2. 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

  3. 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)

  4. 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

  5. Global oil company profiles

    International Nuclear Information System (INIS)

    1997-01-01

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

  6. Oil companies make cutbacks

    International Nuclear Information System (INIS)

    Dupin, Ludovic

    2014-01-01

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

  7. 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

  8. 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

  9. 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.)

  10. Oil integration

    International Nuclear Information System (INIS)

    Carta Petrolera

    1997-01-01

    Colombia, Mexico and Venezuela agree in to have a bigger exchange of information, technology and experiences in areas of mutual interest that allow in the future, combined developments of the hydrocarbons industry. In such a sense, ECOPETROL narrowed its relationships with the two powerful Latin American oil enterprises, when suiting in Bogota agreements of mutual collaboration with representatives of the respective state companies. To begin, the company signed a cooperation agreement with Petroleos de Venezuela S.A (PDVSA), with the purpose of to narrow the relationships between the two companies and to undertake combined actions in those matters of the oil and petrochemical industry of mutual interest

  11. Oil companies and human rights

    International Nuclear Information System (INIS)

    Chandler, Geoffrey

    1997-01-01

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

  12. National Oil Companies: the view from Venezuela

    International Nuclear Information System (INIS)

    Rodriguez, M.

    1994-01-01

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

  13. The oil companies in 1998

    International Nuclear Information System (INIS)

    Cueille, J.Ph.

    1999-01-01

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

  14. 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

  15. 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 ...

  16. 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.)

  17. 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

  18. 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

  19. Valuation of international oil- and gas companies

    International Nuclear Information System (INIS)

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

    2002-01-01

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

  20. Oil Companies Climb Global List

    Institute of Scientific and Technical Information of China (English)

    JESSY ZHANG

    2006-01-01

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

  1. 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.

  2. 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)

  3. 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)

  4. 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

  5. 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)

  6. 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

  7. 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

  8. 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

  9. 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)

  10. 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.

  11. 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)

  12. Oil companies: institutional and economic transformation

    International Nuclear Information System (INIS)

    Clo, Alberto

    2007-01-01

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

  13. Strategies of African national oil companies

    International Nuclear Information System (INIS)

    Auge, Benjamin

    2017-09-01

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

  14. 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...

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

    Science.gov (United States)

    CaoLei, Qizhilin; Dengsheng, Lei

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

  16. Vertical integration of HRD policy within companies

    NARCIS (Netherlands)

    Wognum, Ida

    2001-01-01

    This study concerns HRD policy making in companies. More specifically, it explores whether so-called vertical integration of HRD policy at different organizational levels occurs within companies. The study involved forty-four large companies in the industrial and the financial and commercial

  17. 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.

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

    OpenAIRE

    Anastasia V. Sheveleva

    2016-01-01

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

  19. Valuation of oil companies - Implications for corporate behaviour

    International Nuclear Information System (INIS)

    Osmundsen, Petter

    2002-06-01

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

  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. 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

  2. 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

  3. 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)

  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. 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

  6. 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 ...

  7. 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)

  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. National Oil Companies and their role in international market

    International Nuclear Information System (INIS)

    2007-01-01

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

  10. 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.

  11. 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.

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

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

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

  13. Companies: oil and gas industry on the up

    International Nuclear Information System (INIS)

    Burk, V.A.

    1994-01-01

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

  14. 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.

  15. 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

  16. 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

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

    DEFF Research Database (Denmark)

    Backer, Lise

    2009-01-01

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

  18. Structural reasons for vertical integration in the international oil industry

    International Nuclear Information System (INIS)

    Luciani, G.

    1991-01-01

    Once upon a time, the international oil industry was vertically integrated. A small group of companies controlled a very substantial share of international oil flows, extending their operations from the oil well to the gas pump, and relying on intracorporate transfers for most in-between transactions. The historical reasons for vertical disintegration, the market role, and structural reasons for vertical reintegration are examined. (author)

  19. 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)

  20. 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

  1. 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.

  2. BP Oil Company's approach to risk management

    International Nuclear Information System (INIS)

    Fryman, C.E.

    1996-01-01

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

  3. 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)

  4. 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)

  5. 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.

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

    Directory of Open Access Journals (Sweden)

    Bettina Lis

    2012-01-01

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

  7. 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

  8. 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

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

    International Nuclear Information System (INIS)

    Anon.

    1996-01-01

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

  10. Oil company mergers raise concern among some geoscientists

    Science.gov (United States)

    Showstack, Randy

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

  11. Oil companies push in-situ recovery

    International Nuclear Information System (INIS)

    McIntyre, H.

    1977-01-01

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

  12. 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.

  13. 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.

  14. 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

  15. 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)

  16. Energy conservation and oil substitution at a dairy company

    Energy Technology Data Exchange (ETDEWEB)

    1983-10-01

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

  17. 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

  18. Study notes separability of oil company profitability, efficiency

    International Nuclear Information System (INIS)

    Thompson, R.G.

    1993-01-01

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

  19. The experience of western oil companies in Russia

    Energy Technology Data Exchange (ETDEWEB)

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

    1994-12-31

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

  20. 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.

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

    Energy Technology Data Exchange (ETDEWEB)

    Barreau, S

    2001-11-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    Barreau, S

    2001-11-01

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

  3. 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.

  4. 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.

  5. 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

  6. 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.

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

    Science.gov (United States)

    Humphrey, Charles

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

  8. 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)

  9. 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...

  10. 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)

  11. THE ESSENCE OF STRATEGY DEVELOPMENT COMPANY IN THE INTEGRATED STRUCTURE

    Directory of Open Access Journals (Sweden)

    A. I. Khorev

    2014-01-01

    Full Text Available Summary. In the beginning of the article is defined a rational sequence of the consideration of the nature of the strategy of a company development, included into an integrated structure. Further the article describes the following items separately: "a strategy", "a development of a company", and "an integrational structure", applying them to companies included to the integrated structure; separating them from a strategy of development of an autonomous company. The article defines functions which such strategy must define, taking into consideration the nature of the strategy of the company development, included into an integrated structure. Next, the article defines six steps which describe a sequence of development of the strategy of the company development, included into an integrated structure. The analysis which is defined in the article allows determining a complete definition of essence of the strategy of the company development, included into an integrated structure. The article also defines a place of the strategy of development into the hierarchical structure of the strategies. The strategy of the company development, included into an integrated structure (as well as the strategy of development of an autonomous company -- is a competition strategy, and it separates "strategy of leadership for costs", “differentiation strategy”, and “strategy of focusing for costs”. Also authors are analyzed the strategy of the cost optimization. According to the complex definition of the strategy, and the strategy's place inside the hierarchical structure, the article defines functions which corporate, competitive, and functional strategies execute during the management of companies inside an integrational structure. The article presents characteristics of applied strategic decisions at different levels of all three types of strategies. The article's researches allow companies included to the integrated structure define their place inside the

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

    International Nuclear Information System (INIS)

    Campbell, G.A.

    1991-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    Calderbank, B.

    2002-07-01

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

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

    International Nuclear Information System (INIS)

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

    1988-01-01

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

  15. 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.

  16. 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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2002-07-01

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

  18. 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

  19. 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

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

    International Nuclear Information System (INIS)

    Luca, L.

    2006-03-01

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

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

    International Nuclear Information System (INIS)

    Mommer, B.

    1994-01-01

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

  2. EFFECTIVE CONTROL SYSTEM OF THE INTEGRATED INDUSTRIAL COMPANY

    Directory of Open Access Journals (Sweden)

    K. A. Dyundik

    2015-01-01

    Full Text Available In article the organizational and administrative structure of the integrated metallurgical company is investigated. It is shown that linearly – a staff control system to become a limiting factor in its development. Management of transformations represents purposeful translation process of the integrated metallurgical company in a new qualitative state. The purpose . The subject of the article is to analyze the organization of management, to improve it on the basis of a new conceptual approach to the modernization of the control system integrated steel companies and the allocation of the subsystems.Methodology. The methodological basis of this article are the comparative analysis methods.The Results. Studied approaches to the development of integrated management of the metallurgical company, the possibility of change.Conclusions / signifi cance. Management development in an integrated steel company requires in-depth study of existing internal operating conditions and specifi cs of the company, as well as the planning and implementation of measures to improve its receptivity to innovation.

  3. 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

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

    Directory of Open Access Journals (Sweden)

    Mohammed Thamer

    2018-01-01

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

  5. INNOVATION DEVELOPMENT MANAGEMENT IN VERTICALLY INTEGRATED HOLDING COMPANY

    Directory of Open Access Journals (Sweden)

    Natalya T. Uspenskaja

    2015-01-01

    Full Text Available The trend towards production consolidation and integration processes taking place both in the Russian and global economies leads to development of business associations, with a holding company being the most common form inRussiaand around the globe. The evidence in favor of the formation of holding companies is that they can benefit from the scale (bulk purchasing, centralized stuff training; in the global capital and exports markets they can be more effective than smaller businesses and, if non-profitable, a loss-making structure is easier to liquidate than the entire company; holding companies and associations can be an effective defender from political interference. As the importance of the well-functioning and harmonized procedure for the companies’ integration will increase (especially in the context of Russian business, where specific features of many areas of the production system imply the use of holding oligopolies as the most effective form of market structures, there is a need in their more profound study and, in particular, in the analysis of the most important technologies of the general integration procedure. The article outlines the relevance of innovative development management of vertically integrated holding systems, lists principles of innovative activity management and considers the features of innovation management of a vertically integrated holding company. The objective of the research is to study theoretical and practical aspects of innovative development management in vertically integrated holding systems. The object of research is management structures in innovative holding companies. While working on the article, the following methods of economic research were used: abstract and logical method, empirical method, method of expert evaluations, as well as methods of structural and functional and statistical analysis. 

  6. Horizontal integration in the development strategy of mining companies

    Directory of Open Access Journals (Sweden)

    Jan Kudełko

    2016-01-01

    Full Text Available Integration strategy is one option in the development of mining companies and is implemented through a connection of either processes or economic entities which operate or may operate separately. Usually this strategy is carried out by companies that occupy a very strong competitive position. Considering its direction, it may be horizontal or vertical. Horizontal integration strategy stems from a desire to increase market share by an entrepreneur or create a new company based on common know-how and combined operational processes. It can be realized in an external dimension through a merger or takeover, as well as in the internal dimension based on its own resources. The external dimension is based on capital or contractual integration of a company with external economic entities performing related or conglomerate activity. The targets of such integration have a resource, a market effectiveness, or a competence nature. In the case of mining companies, it covers all important activity areas, including geology, mining, processing, environmental protection, and waste management, and is carried out with due diligence. In the internal dimension, the strategy of horizontal integration consists in consolidating the strategic targets of all business units around the company’s (corporation’s targets. The authors focused on two trends most relevant to pursuing a horizontal integration strategy, including increasing the company’s flexibility and undertaking joint activities. Flexibility consists in the potential ability of the company to adapt quickly to changed environment conditions. Joint activity includes co-operation of its respective units in terms of products, markets, and functions.

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

    Science.gov (United States)

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

    2018-06-07

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

  8. 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

  9. The integration of China into the world crude oil market since 1998

    International Nuclear Information System (INIS)

    Li, Raymond; Leung, Guy C.K.

    2011-01-01

    The integration of China into the world oil market is an important issue for at least two reasons. First, the influence of the country on the world oil market is dependent on the level of the integration. Second, integration into the world oil market means that China is opening itself up to potential disturbances in the world market and this leads to significant energy security concerns for the country. The aim of this paper is to investigate whether or not China is an integral part of the world oil market. By reviewing the relevant trade and pricing policies of the Chinese government as well as the behavior of the Chinese national oil companies, we find that China is actively engaging itself in the world oil market. Our time-series results show that the Chinese oil price is cointegrated with the major oil prices in the world and a high degree of co-movement between the prices is found. Causality between the price pairs is found to be bi-directional in most cases. The empirical results suggest that China is now an integral part of the world oil market. - Highlights: → Review of the oil trade and pricing policies of the Chinese government. → Review of the behavior of the Chinese national oil companies. → China is actively engaging itself in the world oil market. → Shipment data show that China can no longer be regarded as a separate market. → Strong co-movement between the Chinese oil price and the international oil prices.

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

    DEFF Research Database (Denmark)

    Backer, Lise

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

  11. Integrated pollution prevention and control scares industrial companies

    International Nuclear Information System (INIS)

    Zackova, K.; Sobinkovic, B.

    2003-01-01

    It will not be easy to obtain a permit to open a new industrial plant. And not only the new ones but all important operating industrial productions will require a so called integrated permit. Both authorities and company managers consider the validation process to be more demanding compared to the current procedure for obtaining a building or user permit. As of August 1, 2003 - the day a new Act on Integrated Pollution Prevention and Control (IPPC) is expected to enter into force - only integrated permits will be given. The related bill has been passed to the parliament for the second reading. As of end of April next year the future of 31 industrial plants will depend on whether they will be granted a integrated permit or not. IPPC is a terror for companies due to its seriousness, complexity and the relatively short time given, should they not manage to obtain a permit the plant may be closed down. The European Commission (EC) Directive 96/61/EC Integrated Pollution Prevention and Control raises the same concerns among companies in European Union (EU) member states. It is one of the most strict environmental standards and one of the sensitive conditions of EU entry. That is one of the reasons transition periods for this Directive were negotiated for ten Slovak companies. (Authors)

  12. Integrated management systems: survey results from Portuguese companies and experts

    OpenAIRE

    Domingues, Pedro; Sampaio, Paulo; Arezes, P.

    2012-01-01

    The proliferation of several certifiable sub-systems among different type of organizations lead companies to excessive departmentalization. This fact turned out to be, due to several reasons pointed out by numerous authors, disadvantageous. Hence, organizations optioned by integration of their management sub-systems. Academic awareness to this sociological event is mainly related with the fact of integration of management systems (IMS) had been performed empirically, that is, by each organiza...

  13. Integral system of management quality - company quality assurance

    International Nuclear Information System (INIS)

    Dimitrovski, Aleksandar

    1999-01-01

    Integral System of Management Quality is imposed as a solution which in the future will be applied in the companies more frequently, provoked from the needs for solving management quality, working conditions, ecology, safety at work, way of leaving, etc. (Original)

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

    Energy Technology Data Exchange (ETDEWEB)

    Taher, A H

    1977-11-01

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

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

    Science.gov (United States)

    Anosike, Charles Afam

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

  16. 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

  17. '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

  18. '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

  19. Development of Integrated Information System for Travel Bureau Company

    Science.gov (United States)

    Karma, I. G. M.; Susanti, J.

    2018-01-01

    Related to the effectiveness of decision-making by the management of travel bureau company, especially by managers, information serves frequent delays or incomplete. Although already computer-assisted, the existing application-based is used only handle one particular activity only, not integrated. This research is intended to produce an integrated information system that handles the overall operational activities of the company. By applying the object-oriented system development approach, the system is built with Visual Basic. Net programming language and MySQL database package. The result is a system that consists of 4 (four) separated program packages, including Reservation System, AR System, AP System and Accounting System. Based on the output, we can conclude that this system is able to produce integrated information that related to the problem of reservation, operational and financial those produce up-to-date information in order to support operational activities and decisionmaking process by related parties.

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

    International Nuclear Information System (INIS)

    Frognes, G.

    1994-01-01

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

  1. 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

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

    International Nuclear Information System (INIS)

    Hache, E.

    2006-07-01

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

  3. 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

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

    International Nuclear Information System (INIS)

    1991-01-01

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

  5. 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

  6. 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

  7. Restructuring the oil segment in South America: public policy, private capital and energy integration

    International Nuclear Information System (INIS)

    Fiorotti, A.; Tiomno Tolmasquim, M.; Tiomno Tolmasquim, M.; Alveal, C.

    2006-01-01

    The World Oil Industry (WOI) developed through two types of economic organization, built up around vertically integrated and internationalized enterprises: the US model, based on private international firms, and the model centered on setting up State-run enterprises, initially in the United Kingdom, Argentina and Mexico. However, from the first oil crisis (1973) onwards, the World Oil Industry has gradually been un-bundled through nationalization and the loss of control over the reserves by the oil majors. With this new configuration of the industry, from the 1980's onwards, the strategies of the major international oil companies focused on developing the spot market, while lowering investment and operating costs, introducing correlated diversification strategies, and enhancing industrial concentration through mergers and acquisitions and/or cooperation agreements between companies. The core purpose of these strategic shifts is to obtain control over new oil field areas. The restructuring processes of national oil industries all over the world - particularly in South America - constituted an important drive aligned with these new guidelines, headed up by the global oil operators. This paper analyzes the changes in the South American oil sector during the 1990's, analyzing aspects involved in awarding mineral rights in the upstream segment. Despite similar policies, market deregulation processes follow different patterns. However, the most significant aspect is an increase in the presence of international private capital in the dynamics of this sector, mainly in regional energy integration processes. (authors)

  8. Oil Companies and Reserves | Compagnies et réserves pétrolières

    Directory of Open Access Journals (Sweden)

    2012-05-01

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

  9. 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)

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

    Energy Technology Data Exchange (ETDEWEB)

    Baird, D.E.; Bismuth, B.

    1983-01-01

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

  11. 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 ...

  12. 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)

  13. INTEGRATED SYSTEMS FOR PLANNING AND RESOURCES MANAGEMENT IN COMPANIES

    Directory of Open Access Journals (Sweden)

    Balaban Mihai

    2014-07-01

    Full Text Available Information is one of the most valuable resources of a company, since with it and around it the whole set of business processes unfold within companies. Till using internet companies were eager to find information that was necessary for the functioning and development of the company; now things have changed radically: the information is abundant and is provided through all possible channels; today, in order to thrive you have to „choose" and to filter the information to remain competitive on the market you are active on. The performance of an enterprise is influenced by its ability to adapt itself to the environment, by the effectiveness of its actions in capitalizing opportunities, by its ability to cope with adverse situations and risks. Information management is a process that analyzes the previously collected information and then the information is used by managers to make decisions or as a base for their decisions. Information in management is the information that is necessary for making managerial decisions. Distribution or Information Flow: in order for it to be used appropriately, information should be exchanged between the various participants in the project. Other parts involved in the project may also use this information in making their own decisions. This way they can help those who collect information to determine its usefulness for the management. For management, information is an integral part of monitoring because it is obtained during monitoring and helps in planning and implementing its activities. The problem and the reason of this study is to increase awareness of the need for implementation of ERP solutions, primarily, and secondly to share observations with regard to this issue as well as the evolution of acceptance and integration in Romania of such integrated solutions. The effectiveness of information management and knowledge management is urgently needed to assure a continuous organizational survival and the

  14. INTEGRATED COST MODEL FOR IMPROVING THE PRODUCTION IN COMPANIES

    Directory of Open Access Journals (Sweden)

    Zuzana Hajduova

    2014-12-01

    Full Text Available Purpose: All processes in the company play important role in ensuring functional integrated management system. We point out the importance of need for a systematic approach to the use of quantitative, but especially statistical methods for modelling the cost of the improvement activities that are part of an integrated management system. Development of integrated management systems worldwide leads towards building of systematic procedures of implementation maintenance and improvement of all systems according to the requirements of all the sides involved.Methodology: Statistical evaluation of the economic indicators of improvement costs and the need for a systematic approach to their management in terms of integrated management systems have become a key role also in the management of processes in the company Cu Drôt, a.s. The aim of this publication is to highlight the importance of proper implementation of statistical methods in the process of improvement costs management in the integrated management system of current market conditions and document the legitimacy of a systematic approach in the area of monitoring and analysing indicators of improvement with the aim of the efficient process management of company. We provide specific example of the implementation of appropriate statistical methods in the production of copper wire in a company Cu Drôt, a.s. This publication also aims to create a model for the estimation of integrated improvement costs, which through the use of statistical methods in the company Cu Drôt, a.s. is used to support decision-making on improving efficiency.Findings: In the present publication, a method for modelling the improvement process, by an integrated manner, is proposed. It is a method in which the basic attributes of the improvement in quality, safety and environment are considered and synergistically combined in the same improvement project. The work examines the use of sophisticated quantitative, especially

  15. 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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2009-07-01

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

  17. Well integrity in heavy oil wells : challenges and solutions

    Energy Technology Data Exchange (ETDEWEB)

    Taoutaou, S.; Osman, T.M.; Mjthab, M. [Schlumberger (Syrian Arab Republic); Succar, N. [Oudeh Petroleum, Damascus (Syrian Arab Republic)

    2010-07-01

    The Oudeh Petroleum Company (OPC) has used cyclic steam (the Huff and Puff technique) since 2006 to produce heavy oil from its OPC field that has an estimated 79.49 to 95.39 million cubic meters of oil contained in the Jurassic and Triassic reservoirs of the Butmah and Kurachine formations in Syria. Accumulations of oil and gas are present in the main Oudeh structure at depths between 1300 and 2250 meters. The Huff and Puff technique involves 3 phases. In the first phase which lasts about 1 month, steam is injected at 348 degrees C and 17.MPa to melt the wax condensate in the formation in order to decrease heavy oil viscosity. Phase 2 involves 3 soaking days. In phase 3, which lasts 2 to 3 months, the production rate is doubled compared to wells without steam. The cycle is then resumed once the pressure drops. The temperature cycling can compromise the well integrity through loss of hydraulic isolation in the cement sheath and thereby reduce hydrocarbon recovery. This paper described how the OPC has managed to achieved complete well integrity using an advanced cement system in more than 200 wells exposed to steam injection temperatures up to 348 degrees C and the associated high induced thermal stresses. The methodology for risk analysis of the cement sheath failure under steam stimulation was described along with the selection criteria for the advanced cement system to withstand temperature cycling. Two case histories involving a 50 well database were presented. 5 refs., 2 tabs., 13 figs.

  18. Does company size matter? Validation of an integrative model of safety behavior across small and large construction companies.

    Science.gov (United States)

    Guo, Brian H W; Yiu, Tak Wing; González, Vicente A

    2018-02-01

    Previous safety climate studies primarily focused on either large construction companies or the construction industry as a whole, while little is known about whether company size has significant effects on workers' understanding of safety climate measures and relationships between safety climate factors and safety behavior. Thus, this study aims to: (a) test the measurement equivalence (ME) of a safety climate measure across workers from small and large companies; (b) investigate if company size alters the causal structure of the integrative model developed by Guo, Yiu, and González (2016). Data were collected from 253 construction workers in New Zealand using a safety climate measure. This study used multi-group confirmatory factor analyses (MCFA) to test the measurement equivalence of the safety climate measure and structure invariance of the integrative model. Results indicate that workers from small and large companies understood the safety climate measure in a similar manner. In addition, it was suggested that company size does not change the causal structure and mediational processes of the integrative model. Both measurement equivalence of the safety climate measure and structural invariance of the integrative model were supported by this study. Practical applications: Findings of this study provided strong support for a meaningful use of the safety climate measure across construction companies in different sizes. Safety behavior promotion strategies designed based on the integrative model may be well suited for both large and small companies. Copyright © 2017 National Safety Council and Elsevier Ltd. All rights reserved.

  19. Integrated sulphur management : gas, oil sands, reclamation and the challenges of fluctuating demand

    International Nuclear Information System (INIS)

    Pineau, R.

    2009-01-01

    International Commodities Export Corporation is a privately held company that provides fully integrated service offerings to add maximum value in designing, building, owning, and operating sulphur assets. The company also offers in-house, engineering, procurement and project management, as well as supply management, transportation and distribution services. It also has expertise in marine transportation. This presentation discussed integrated sulphur management, with particular focus on gas, oil sands, reclamation and the challenges of fluctuating demand. The presentation provided an overview of the sulphur market and oil sands sulphur. Key considerations for oil sands producers were also presented. The challenges of fluctuating demand include price and volume considerations; logistics; geography and distance to market; export/offshore versus domestic/United States; seasonal considerations; and an inelastic sulphur market. The presentation concluded with a status update of ICEC's initiative and the advantages of Prince Rupert, an economically viable export infrastructure to producers without onsite forming facilities. figs

  20. 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.

  1. 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

  2. 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.

  3. 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)

  4. 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.

  5. 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

  6. 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.

  7. 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

  8. 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

  9. 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

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

    Directory of Open Access Journals (Sweden)

    Daryosh Mohamadi Janaki

    2018-08-01

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

  11. 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)

  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. 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

  14. Company Tax Integration in the European Union During Economic Crisis – Why and How?

    NARCIS (Netherlands)

    A. Sting (Anna)

    2014-01-01

    markdownabstract__Abstract__ Company tax integration in the EU is yet to be realised. This article first outlines the main benefits of company tax integration for the Economic and Monetary Union, and also discusses the main legal obstacles the EU Treaties pose for harmonisation of company tax.

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

    International Nuclear Information System (INIS)

    Anon

    1998-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2002-07-01

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

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

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

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

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

    Science.gov (United States)

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

    2013-03-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2009-07-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2009-07-01

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

  1. CSR and technology companies: A study on its implementation, integration and effects on the competitiveness of companies

    Directory of Open Access Journals (Sweden)

    Juan Andres Bernal-Conesa

    2016-11-01

    Full Text Available Purpose: In this paper, a structural equation model is presented in order to explain the motivations of implementing Corporate Social Responsibility (CSR in Spanish technology companies and its linkage with others standardized management systems before CSR implementation. It also examines whether CSR influences the competitiveness of these companies. Design/methodology/approach: The study was conducted in companies located in Spanish Science and Technology Parks. For this study, a survey was sent and structural equation model was used. Findings and Originality/value: Model results show that there is a positive, direct and statistically significant relationship between the motivations, previous management systems, implementation of CSR and the real integration of CSR in the organization. Research limitations/implications: Limitations are determined by the technique used for the proposed model: structural equations, which assume linearity of the relationship between latent variables. Practical implications: Companies can use the results of this study as a foothold to enhance the integration of CSR based on previous management systems and take advantage of synergies between them, since the integration of CSR has a direct relationship with the competitiveness of the company. Originality/value: The link between the motivations of CSR, CSR actions and their integration in technology companies are reliably and empirically demonstrated.

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

    International Nuclear Information System (INIS)

    Faulkner, P.

    2000-01-01

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

  3. 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

  4. 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.

  5. 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.

  6. 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

  7. 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

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

    International Nuclear Information System (INIS)

    Anon.

    1993-01-01

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

  9. 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%.

  10. An integrated approach to better performance in the oil and gas business

    International Nuclear Information System (INIS)

    Fowlie, D.

    1995-01-01

    The oil and gas industry was characterized as an increasingly complex industry with low growth and high competition. A model of system thinking was developed to show the interrelationships of the oil and gas business. Examples illustrated possible scenarios that companies could use with respect to explorations. It was concluded that integrated strategies will be needed when making decisions in the future because of the competitive and risky nature of the business. A proactive attitude will have be supplemented with the use of innovations in business approaches and implementation of new technological solutions

  11. 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

  12. 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 ...

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

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

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

  14. 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…

  15. 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.

  16. 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

  17. 75 FR 13147 - Integrity Life Insurance Company, et al.;

    Science.gov (United States)

    2010-03-18

    ... using fundamental analysis to select analysis to select investments. investments in companies believed... and investments; foreign issuers engaging in using fundamental transactions that analysis to select... fundamental to have above analysis to select average growth investments in potential. companies believed to be...

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

    Energy Technology Data Exchange (ETDEWEB)

    Kennedy, J.L.

    1995-08-01

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

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

    Directory of Open Access Journals (Sweden)

    Niloo Hojjati

    2017-06-01

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

  20. Neste in 1996: Oil integration and new Chemicals plants

    International Nuclear Information System (INIS)

    Ihamuotila, J.

    1997-01-01

    Neste's net sales in 1996 continued at the previous year's level. Although trading losses weakened the Group's performance, the debt burden decreased substantially and there was a fundamental improvement in the equity-to-assets ratio. Neste's integrated downstream oil business began operations, oil production in Norway and Oman increased, and Chemicals commissioned several production units. In addition, a number of interesting oil and natural gas pipeline projects were moving forward. (orig.)

  1. 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)

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

    International Nuclear Information System (INIS)

    Thomas, A.

    1994-01-01

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

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

    DEFF Research Database (Denmark)

    Merrild, Anne; Tejsner, Pelle

    2016-01-01

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

  4. Integration between environmental management and strategic planning in the oil and gas sector

    International Nuclear Information System (INIS)

    Magrini, Alessandra; Lins, Luiz dos Santos

    2007-01-01

    For activities that have a high possibility of causing environmental accidents, like in the oil and gas sector, it is reasonable to expect the environmental management to be an important variable within the company's strategic planning. However, this is not always true. In some cases, a change in the companies' attitude, abandoning a reactive position and assuming a proactive one, only happens upon the occurrence of serious environmental accidents with strong repercussion in the media. For the company that was the object of study, these accidents gave rise to deep changes in its environmental management, culminating in investments of approximately US$ 2.6 billion in environment, health and security, from 2000 to 2004. This was the highest amount to date invested on these areas by an oil company. This case study seeks to discuss the integration between environmental management and strategic planning in the oil and gas sector over a period of 10 years (from 1995 to 2004) in order to make a contextual analysis of the period before and after the environmental accidents possible

  5. 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)

  6. Over a barrel: Government influence and mergers and acquisitions in the petroleum industry. The case of Sun Oil Company, 1938-1980

    Energy Technology Data Exchange (ETDEWEB)

    Powers, W.P. Jr.

    1993-01-01

    This dissertation examines the nature of government business relations, as perceived by the owners and managers of the Sun Oil Company, a large integrated oil and gas producer, transporter, refiner, and marketer. Sun has had a long and profitable career in the oil industry, success which came despite a complex, often bitter relationship with government in its regulatory and antitrust capacity. The founding Pew family has historically been quite outspoken in its opposition to what they perceived to be the government's chronic, unwelcome intrusion into the affairs of business. Sun's almost one hundred year history can be readily divided into two distinct phases. The first, the period from 1938-1947, could best be characterized as the time when Sun Company officials fought bitterly against what they thought to be excessive government domination over their industry, fearing either the government's outright takeover, or its imposition of burdensome restrictions. After freeing themselves from the government's oppression, Sun management then set out to build a growing, profitable oil concern. From 1938 to the present, Sun has undertaken several transactions that have established the firm as a highly successful petroleum company, including a merger, an aborted takeover, and a successful acquisition. Sun's survival in an endeavor where many perish, either purchased or driven out, provides the focus of this dissertation.

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

    Directory of Open Access Journals (Sweden)

    Wakhid Slamet Ciptono

    2005-06-01

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

  8. 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.

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

    International Nuclear Information System (INIS)

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

    2002-01-01

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

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

    Directory of Open Access Journals (Sweden)

    V V Shikin

    2015-12-01

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

  11. 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)

  12. 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

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

    International Nuclear Information System (INIS)

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

    2005-08-01

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

  14. 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.

  15. Business Case for Integrated Reporting in the Nigerian Oil and Gas Sector

    Directory of Open Access Journals (Sweden)

    Tajudeen J. AYOOLA

    2013-03-01

    were sourced from the annual reports and stand-alone sustainability reports of the six multinational companies operating in the Nigerian oil and gas sector. The results found that efforts to address environmental, social and governance reporting (ESG were adhoc, short term and unrelated to the core activities of the corporations and as such were not integrated into their business strategies and model. Information on ESG was also duplicated over many medium in a haphazard and distorted form. The study therefore concluded that the introduction of integrated reporting will streamline performance reporting that is in line with international best practice in the sector.

  16. 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

  17. 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.

  18. Methodology of the Integrated Analysis of Company's Financial Status and Its Performance Results

    OpenAIRE

    Mackevičius, Jonas; Valkauskas, Romualdas

    2010-01-01

    Information about company's financial status and its performance results is very important for the objective evaluation of company's position in the market and competitive possibilities in the future. Such information is provided in the financial statement. It is important to apply and investigate this information properly. The methodology of company's financial status and performance results integrated analysis is recommended in this article. This methodology consists of these three elements...

  19. How integrating industrial design in the product development process impacts on company performance

    NARCIS (Netherlands)

    Gemser, G; Leenders, MAAM

    There is a growing belief that investing in industrial design is beneficial to company performance. This article sheds more light on how and when integrating industrial design in the product development process can enhance a company's competitive position. The basic premise is that the impact of

  20. 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

  1. 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.

  2. Integrated pollution control for oil refinery complexes

    Energy Technology Data Exchange (ETDEWEB)

    Kiperstok, A. [Bahia Univ., Salvador, BA (Brazil); Sharratt, P.N. [Manchester Univ. (United Kingdom). Inst. of Science and Technology

    1993-12-31

    Improving environmental performance of oil refineries is a complex task. Emission limits, operating constraints, available technologies, operating techniques, and local environment sensitivity must all be considered. This work describes efforts to build an interactive software to deal with this problem. 8 refs., 5 figs.

  3. Integrated pollution control for oil refinery complexes

    Energy Technology Data Exchange (ETDEWEB)

    Kiperstok, A [Bahia Univ., Salvador, BA (Brazil); Sharratt, P N [Manchester Univ. (United Kingdom). Inst. of Science and Technology

    1994-12-31

    Improving environmental performance of oil refineries is a complex task. Emission limits, operating constraints, available technologies, operating techniques, and local environment sensitivity must all be considered. This work describes efforts to build an interactive software to deal with this problem. 8 refs., 5 figs.

  4. Impact of integrated communication system in development of company Pestova-VIPA

    Directory of Open Access Journals (Sweden)

    MSc. Nermin Xhelili

    2013-06-01

    Full Text Available Nowadays it is important that every company understands the importance of marketing and handle it as its integrated part, because marketing activities present a cornerstone for longer survival of the company in the market. Apart from price, place (distribution and product, another marketing element is the promotion, given that promotion is an important part of integrated communication system. Integrated communication system are tools by which companies tend to inform, persuade consumers either directly or indirectly for products and services they offer. Paper explains theoretical aspect, but certainly part of this paper is the analysis of the promotional strategy within Company Pestova, including views of consumers which were explained through a survey, in our case, students of University of Prishtina. The aim of this paper is to understand the concept of marketing, analyzing integrated communication system, reflecting the work within the Company Pestova, and the impact of integrated communication system in this company. Paper will also provide some recommendations for a positive change to the current situation in Pestova Company.

  5. Knowledge Integrated Business Process Management for Third Party Logistics Companies

    OpenAIRE

    Zhang, Hongyan

    2013-01-01

    The growing importance of logistics as well as the increasing dynamic complexity of markets, technologies, and customer needs has brought great challenges to logistics. In order to focus on their core competency in such a competitive environment, more and more companies have outsourced a part or the entirety of the logistics process to third party logistics (3PL) service providers. 3PL has played a crucial role in managing logistics processes within supply chain management. Logistics processe...

  6. 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

  7. 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.

  8. Integrated oil production and upgrading using molten alkali metal

    Science.gov (United States)

    Gordon, John Howard

    2016-10-04

    A method that combines the oil retorting process (or other process needed to obtain/extract heavy oil or bitumen) with the process for upgrading these materials using sodium or other alkali metals. Specifically, the shale gas or other gases that are obtained from the retorting/extraction process may be introduced into the upgrading reactor and used to upgrade the oil feedstock. Also, the solid materials obtained from the reactor may be used as a fuel source, thereby providing the heat necessary for the retorting/extraction process. Other forms of integration are also disclosed.

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

    Directory of Open Access Journals (Sweden)

    J. Brad Gatlin

    2013-07-01

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

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

    International Nuclear Information System (INIS)

    Rutledge, Ian; Wright, Philip

    1998-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Dr. Faris Hammoodi Al-Ani

    2012-03-01

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

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

    Directory of Open Access Journals (Sweden)

    Kostylev A.O.

    2016-03-01

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

  13. Strategic drivers for oil business model: vertical integration versus spin-off; Direcionadores estrategicos para o modelo de negocios petroliferos: integracao vertical versus spin-off

    Energy Technology Data Exchange (ETDEWEB)

    Araujo, Gregorio da Cruz; Szpigel, Pedro [Petroleo Brasileiro S.A. (PETROBRAS), Rio de Janeiro, RJ (Brazil)

    2012-07-01

    The recent spin-offs of Marathon (2011) and ConocoPhillips (2012), as well as other breakups between the upstream and downstream segments announced by the smaller oil companies during the past year, raised questions about one of the main and oldest paradigms of oil industry: the vertical integration. Corporate spin-off is not a new phenomenon in the industry in general, but only very recently has got prominence in the oil industry. The objective of this paper is to analyze the factors that motivate corporate restructuring in the oil industry, leading to strategic decisions that strengthen the vertical integration or that lead to break the value chain. The key point is whether there will be contagion among majors due to the movement of CononoPhillips, starting a new trend in the industry, or whether the restructuring already done will be only restricted to the specific needs of certain oil companies. (author)

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

    International Nuclear Information System (INIS)

    Hope, P.

    1998-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Ana Cristina Silva Abreu

    2016-07-01

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

  16. IMPLEMENTING AN INTEGRATED HEALTH, SAFETY, AND ENVIRONMENTAL MANAGEMENT SYSTEM: THE CASE OF A CONSTRUCTION COMPANY

    Directory of Open Access Journals (Sweden)

    Filippos Tepaskoualos

    2017-12-01

    Full Text Available Over the past two decades, there has been an increasing trend of organizations implementing simultaneously two or more management systems. The structural similarities of these systems - despite the diversity of their fields of application, such as occupational health and safety for OHSAS 18001, and environmental management for ISO 14001 - have enabled many organizations to integrate different systems into a single one, rather than implementing them separately from one another. The purpose of this paper is to examine in depth a case of integration of the ISO 14001 and OHSAS 18001 systems, using a construction company as a research setting, in order to draw conclusions about the level of integration achieved, as well as the benefits, the problems, and the critical success factors of this endeavour. The findings of this study show that both the company's devotion to the fulfillment of the critical success factors and the identical structure of the two systems under consideration have facilitated the successful outcome of integration. However, this does not automatically imply that the company adopted the idea of full integration. Instead, the maximization of integration benefits and the elimination of related problems was achieved through the company's conscious choice to proceed with partial integration, keeping separate manuals, policies, and risk management procedures for each system. This study will be useful in order to understand that partial integration is a perfectly acceptable and realistic solution that, under certain circumstances, may even have a better cost-benefit ratio than full integration.

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

    International Nuclear Information System (INIS)

    Courtland, C.M.

    1998-01-01

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

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

    Science.gov (United States)

    Hartanto, D.; Agustinita, A.

    2018-04-01

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

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

    Directory of Open Access Journals (Sweden)

    Benedictus Rahardjo

    2016-06-01

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

  20. Integrated oil sands tailings pond water treatment

    Energy Technology Data Exchange (ETDEWEB)

    Guo, Z. [Saskatchewan Research Council, Saskatoon, SK (Canada)

    2010-07-01

    This PowerPoint presentation discussed research currently being conducted to treat oil sands tailings pond water (TPW). The treatment of TPW is challenged by the high level of naphthenic acids (NAs), the slow settling rate of fine particulate materials, and the complex chemistry of the water. The treatment process consisted of bioflocculation, sludge blanket assisted clarification, ozonation, and oil sands coke assisted hybrid biodegradation. The aggregation and adsorption process bound small particles and cells together while also ensuring the passive uptake of pollutants using microbial masses. The mixed liquor then passed through a sludge blanket to ensure enhanced particle capture. An ozonation process was used to increase the biodegradability of the TPW as well as to increase the biodegradability of the residual NAs after ozonation. The process used a hybrid bioreactor that consisted of both suspended and fixed microbial communities. The coke served as a biofilm carrier for the waste. Further studies are being conducted to investigate the efficiency and capability of the process. tabs., figs.

  1. 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%.

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

    Directory of Open Access Journals (Sweden)

    Tania Prafitri

    2017-05-01

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

  3. 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

  4. 75 FR 38805 - Central New York Oil and Gas Company, LLC; Notice of Intent To Prepare an Environmental...

    Science.gov (United States)

    2010-07-06

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

  5. 75 FR 63462 - Central New York Oil and Gas Company, LLC; Notice of Intent To Prepare an Environmental...

    Science.gov (United States)

    2010-10-15

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

  6. Integrated Bali Cattle Development Model Under Oil Palm Plantation

    Directory of Open Access Journals (Sweden)

    Rasali Hakim Matondang

    2015-09-01

    Full Text Available Bali cattle have several advantages such as high fertility and carcass percentage, easy adaptation to the new environment as well. Bali cattle productivity has not been optimal yet. This is due to one of the limitation of feed resources, decreasing of grazing and agricultural land. The aim of this paper is to describe Bali cattle development integrated with oil palm plantations, which is expected to improve productivity and increase Bali cattle population. This integration model is carried out by raising Bali cattle under oil palm plantation through nucleus estate scheme model or individual farmers estates business. Some of Bali cattle raising systems have been applied in the integration of palm plantation-Bali cattle. One of the intensive systems can increase daily weight gain of 0.8 kg/head, calfcrop of 35% per year and has the potency for industrial development of feed and organic fertilizer. In the semi-intensive system, it can improve the production of oil palm fruit bunches (PFB more than 10%, increase harvested-crop area to 15 ha/farmer and reduce the amount of inorganic fertilizer. The extensive system can produce calfcrop ³70%, improve ³30% of PFB, increase business scale ³13 cows/farmer and reduce weeding costs ³16%. Integrated Bali cattle development may provide positive added value for both, palm oil business and cattle business.

  7. New Employees’ Integration and Orientation Management in Hotel Companies

    Directory of Open Access Journals (Sweden)

    Daniel Daneci-Patrau

    2016-01-01

    Full Text Available The significance and relevance of this topic are rendered by the complexity amplification ofactions performed by hotels in the context of developing and diversifying human resourcemanagement instruments used for the administration of economic, social and institutionalvariables. All type of evolution determines the reorganization of the human resource strategic rolewithin organizations, people being seen as the organization’s main competitive advantage overrivals. The research in this work falls under this reasoning and is a contributing factor toconsolidating information related to the integration and career guidance management of thehuman resources working in the tourism industry. The studies carried out emphasize the bestpractices in regard to the welcoming and integrating of newcomers. They also apprehend the mostefficient optimization and competitive development solutions of the hospitality trade.

  8. Integrating experiences from operations into engineering design: modelling knowledge transfer in the offshore oil industry

    DEFF Research Database (Denmark)

    Souza da Conceição, Carolina; Broberg, Ole; Paravizo, Esdras

    2017-01-01

    of knowledge registered in the systems without standards to categorise and store this knowledge, to being difficult to access and retrieve the knowledge in the systems. Discussion: Transferring knowledge and experiences from users brings human factors into play and modelling the knowledge transfer process...... and workwise distance between operations and engineering design teams, integrating human factors and transferring knowledge are key aspects when designing for better performance systems. Research Objective: Based on an in-depth empirical investigation in an offshore oil company, this study aims to provide......Summative Statement: Integrating human factors and users’ experiences in design projects is a well-known challenge. This study focus on the specific challenges for transferring these experiences and how using a knowledge transfer model can help this integration on the design of high-risk productive...

  9. Integration of electronic document management system with other systems in a company

    OpenAIRE

    Pintar, Matej

    2016-01-01

    This master's thesis presents specific model of integration between electronic document management system and other systems in a medium-sized company in Slovenia. The introduction part of the thesis begins with theoretical basis of the research, which is the integration of computer systems. The introduction part is folowed by presentation of a concrete electronic document management system EBA DMS. Central part of the master's thesis presents different methods of integration of electronic doc...

  10. The impact of European integration on U.S. companies

    International Nuclear Information System (INIS)

    Ludolph, C.M.

    1992-01-01

    This paper reports that the European Market for Minerals, particularly coal has been growing rapidly. The primary sources of demand are electrical production which for a variety of environmental and energy policy reasons has become the energy source of choice in the European community in the 1990s. The EC integration process will increase demand for electrical energy and coal in the north since this is the primary source of energy and alternatives like nuclear have stabilized for at least the next ten years. Coal and electricity demand in the south of Europe should increase even more rapidly because new markets are opening as electricity use intensifies

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

    International Nuclear Information System (INIS)

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

    2009-06-01

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

  12. Business Ethics and Integrity a Case Study on 300 U.S. Listed Companies

    Directory of Open Access Journals (Sweden)

    Tinjala Diana-Maria

    2015-07-01

    Full Text Available Profit-maximizing behavior or moral integrity? Can companies have both? Our study takes a look at 300 U.S. based companies listed on the New York Stock Exchange and NASDAQ, and their way of dealing with business ethics. The research undertaken focuses on the content analysis method, using the corporate Codes of conduct and Corporate Social Responsibility (CSR reports. The study reveals the evolution of the corporate ethics policies and programs throughout the years 2010- 2014. We also take a look at the most frequent controversies concerning business integrity, by sectors of activity

  13. 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.

  14. Integration of multi-technology on oil spill emergency preparedness.

    Science.gov (United States)

    Liao, Zhenliang; Hannam, Phillip M; Xia, Xiaowei; Zhao, Tingting

    2012-10-01

    This paper focuses on the integration of technologies including Case-Based Reasoning (CBR), Genetic Algorithm (GA) and Artificial Neural Network (ANN) for establishing emergency preparedness for oil spill accidents. In CBR, the Frame method is used to define case representation, and the HEOM (Heterogeneous Euclidean-Overlap Metric) is improved to define the similarity of case properties. In GA, we introduce an Improved Genetic Algorithm (IGA) that achieves case adaptation, in which technologies include the Multi-Parameter Cascade Code method, the Small Section method for generation of an initial population, the Multi-Factor Integrated Fitness Function, and Niche technology for genetic operations including selection, crossover, and mutation. In ANN, a modified back-propagation algorithm is employed to train the algorithm to quickly improve system preparedness. Through the analysis of 32 fabricated oil spill cases, an oil spill emergency preparedness system based on the integration of CBR, GA and ANN is introduced. In particular, the development of ANN is presented and analyzed. The paper also discusses the efficacy of our integration approach. Copyright © 2012 Elsevier Ltd. All rights reserved.

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

    Directory of Open Access Journals (Sweden)

    Abolhassan Faghihi

    2012-10-01

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

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

    Science.gov (United States)

    Laidoune, Abdelbaki; Rahal Gharbi, Med El Hadi

    2016-09-01

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

  17. Integrated Mid-Continent Carbon Capture, Sequestration & Enhanced Oil Recovery Project

    Energy Technology Data Exchange (ETDEWEB)

    Brian McPherson

    2010-08-31

    A consortium of research partners led by the Southwest Regional Partnership on Carbon Sequestration and industry partners, including CAP CO2 LLC, Blue Source LLC, Coffeyville Resources, Nitrogen Fertilizers LLC, Ash Grove Cement Company, Kansas Ethanol LLC, Headwaters Clean Carbon Services, Black & Veatch, and Schlumberger Carbon Services, conducted a feasibility study of a large-scale CCS commercialization project that included large-scale CO{sub 2} sources. The overall objective of this project, entitled the 'Integrated Mid-Continent Carbon Capture, Sequestration and Enhanced Oil Recovery Project' was to design an integrated system of US mid-continent industrial CO{sub 2} sources with CO{sub 2} capture, and geologic sequestration in deep saline formations and in oil field reservoirs with concomitant EOR. Findings of this project suggest that deep saline sequestration in the mid-continent region is not feasible without major financial incentives, such as tax credits or otherwise, that do not exist at this time. However, results of the analysis suggest that enhanced oil recovery with carbon sequestration is indeed feasible and practical for specific types of geologic settings in the Midwestern U.S.

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

    OpenAIRE

    Steinecke, Tim

    2015-01-01

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

  19. When is vertical integration profitable? Focus on a large upstream company in the gas market

    International Nuclear Information System (INIS)

    Hatlebakk, Magnus

    2001-12-01

    This note discusses basic economic mechanisms that may affect the profitability of vertical integration in the European gas industry. It concentrates on reasonable strategies for a large upstream company which considers a stronger engagement downstream. The note warns against the effect of simplified conclusions with regard to the impact of vertical integration. It applies a simple model of successive oligopolies to discuss double mark-ups, exclusions, barriers to entry, etc

  20. 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)

  1. Machine-to-Machine networks: integration of M2M networks into companies' administrative networks

    OpenAIRE

    Pointereau, Romain

    2013-01-01

    This analysis will address the technical, economic and regulatory aspects and will identify the position taken by the various market actors. Integration of M2M Networks into Companies' Administrative Networks. Integración de redes M2M en redes administrativas de las empresas. Integració de xarxes M2M en xarxes administratives de les empreses.

  2. SUSTAINABILITY OF SUSTAINABLE PALM OIL: A MARKET INTEGRATION ANALYSIS

    Directory of Open Access Journals (Sweden)

    Diana Chalil

    2016-07-01

    Full Text Available Crude Palm Oil (CPO is the biggest consumed vegetable oil in the world. The increase in CPO production raises concern on the environmental impact even outside the producing countries. As a response to this matter, the EU has made a requirement to only import certified CPO (CSPO. India and China, the two biggest importers in the world, are less restrictive to the environmental issues, and their demands are more influenced by CPO price levels. These countries are the main export markets for Indonesia and Malaysia, the two biggest CPO exporters in the world. This research using monthly price data from the Netherlands, Germany, Italy, EU28, India, China, Indonesia and Malaysia. Market integrations are tested with Cointegration Test, Vector Error Correction Model and Seemingly Unrelated Regression. The results show that these markets are integrated, but European countries are unlikely to lead the price movement. Therefore, the concern on sustainable certification from the European countries still slowly spreads to other main importers, resulting in low absorption of CSPO. Keywords: market integration; sustainable palm oil; seemingly unrelated regression; vector Error correction model

  3. The integrated evaluation of the macro environment of companies providing transport services

    Directory of Open Access Journals (Sweden)

    A. Žvirblis

    2008-09-01

    Full Text Available The article presents the main principles of the integrated evaluation of macro environment components and factors influencing the performance of transport companies as well as providing the validated quantitative evaluation models and results obtained in evaluating the macro environment of Lithuanian companies providing transport services. Since quantitative evaluation is growing in importance, the process of developing the principles and methods of business macro environment quantitative evaluation is becoming relevant from both theoretical and practical perspectives. The created methodology is based on the concept of macro environment as an integrated whole of components, formalization and the principle of three-stage quantitative evaluation. The methodology suggested involves the quantitative evaluation of primary factors and macro environment components as an integral dimension (expressed in points. On the basis of this principle, an integrated macro environment evaluation parameter is established as its level index. The methodology integrates the identification of significant factors, building scenarios, a primary analysis of factors, expert evaluation, the quantitative evaluation of macro environment components and their whole. The application of the multi-criteria Simple Additive Weighting (SAW method is validated. The integrated evaluation of the macro environment of Lithuanian freight transportation companies was conducted. As a result, the level indices of all components as well as the level index of macro environment considered as a whole of components were identified. The latter reflects the extent of deviation from an average level of a favourable macro environment. This is important for developing strategic marketing decisions and expanding a strategic area.

  4. 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)

  5. Reformulation as an Integrated Approach of Four Disciplines: A Qualitative Study with Food Companies

    Directory of Open Access Journals (Sweden)

    Annelies van Gunst

    2018-04-01

    Full Text Available In 2014, the Dutch government agreed with the food sector to lower salt, sugar, saturated fat and energy in foods. To reformulate, an integrated approach of four disciplines (Nutrition & Health, Food Technology, Legislation, and Consumer Perspectives is important for food companies (Framework for Reformulation. The objective of this study was to determine whether this framework accurately reflects reformulation processes in food companies. Seventeen Dutch food companies in the bakery, meat and convenience sector were interviewed with a semi-structured topic list. Interviews were transcribed, coded and analysed. Interviews illustrated that there were opportunities to lower salt, sugar and saturated fat (Nutrition & Health. However, there were barriers to replacing the functionality of these ingredients (Food Technology. Most companies would like the government to push reformulation more (Legislation. Traditional meat products and luxury sweet bakery products were considered less suitable for reformulation (Consumer Perspectives. In addition, the reduction of E-numbers was considered important. The important role of the retailer is stressed by the respondents. In conclusion, all four disciplines are important in the reformulation processes in food companies. Reformulation does not only mean the reduction of salt, saturated fat and sugar for companies, but also the reduction of E-numbers.

  6. Reformulation as an Integrated Approach of Four Disciplines: A Qualitative Study with Food Companies

    Science.gov (United States)

    van Gunst, Annelies; Roodenburg, Annet J. C.; Steenhuis, Ingrid H. M.

    2018-01-01

    In 2014, the Dutch government agreed with the food sector to lower salt, sugar, saturated fat and energy in foods. To reformulate, an integrated approach of four disciplines (Nutrition & Health, Food Technology, Legislation, and Consumer Perspectives) is important for food companies (Framework for Reformulation). The objective of this study was to determine whether this framework accurately reflects reformulation processes in food companies. Seventeen Dutch food companies in the bakery, meat and convenience sector were interviewed with a semi-structured topic list. Interviews were transcribed, coded and analysed. Interviews illustrated that there were opportunities to lower salt, sugar and saturated fat (Nutrition & Health). However, there were barriers to replacing the functionality of these ingredients (Food Technology). Most companies would like the government to push reformulation more (Legislation). Traditional meat products and luxury sweet bakery products were considered less suitable for reformulation (Consumer Perspectives). In addition, the reduction of E-numbers was considered important. The important role of the retailer is stressed by the respondents. In conclusion, all four disciplines are important in the reformulation processes in food companies. Reformulation does not only mean the reduction of salt, saturated fat and sugar for companies, but also the reduction of E-numbers. PMID:29677158

  7. 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

  8. 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

  9. 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)

  10. Improving method for calculating integral index of personnel security of company

    Directory of Open Access Journals (Sweden)

    Chjan Khao Yui

    2016-06-01

    Full Text Available The paper improves the method of calculating the integral index of personnel security of a company. The author has identified four components of personnel security (social and motivational safety, occupational safety, not confliction security, life safety which are characterized by certain indicators. Integral index of personnel security is designed for the enterprises of machine-building sector in Kharkov region, taking into account theweight coefficients j-th component of bj, and weighting factors that determine the degree of contribution of the ith parameter in the integral index aіj as defined by experts.

  11. 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

  12. Practical use of the integrated reporting framework – an analysis of the content of integrated reports of selected companies

    Directory of Open Access Journals (Sweden)

    Monika Raulinajtys-Grzybek

    2017-09-01

    Full Text Available Practical use of the integrated reporting framework – an analysis of the content of integrated reports of selected companies The purpose of the article is to provide a research tool for an initial assessment of whether a company’s integrated reports meet the objectives set out in the IIRC Integrated Reporting Framework and its empirical verification. In particular, the research addresses whether the reports meet the goal of improving the quality of information available and covering all factors that influence the organization’s ability to create value. The article uses the theoretical output on the principles of preparing integrated reports and analyzes the content of selected integrated reports. Based on the source analysis, a research tool has been developed for an initial assessment of whether an integrated report fulfills its objectives. It consists of 42 questions that verify the coverage of the defined elements and the implementation of the guiding principles set by the IIRC. For empirical verification of the tool, a comparative analysis was carried out for reports prepared by selected companies operating in the utilities sector. Answering questions from the research tool allows a researcher to formulate conclusions about the implementation of the guiding principles and the completeness of the presentation of the content elements. As a result of the analysis of selected integrated reports, it was stated that various elements of the report are presented with different levels of accuracy in different reports. Reports provide the most complete information on performance and strategy. The information about business model and prospective data is in some cases presented without making a link to other parts of the report – e.g. risks and opportunities, financial data or capitals. The absence of such links limits the ability to claim that an integrated report meets its objectives, since a set of individual reports, each presenting

  13. MODEL - INTEGRAL METHODOLOGY FOR SUCCESSFUL DESIGNING AND IMPLEMENTING OF TQM SYSTEM IN MACEDONIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Elizabeta Mitreva

    2011-12-01

    Full Text Available The subject of this paper is linked with the valorization of the meaning and the perspectives of Total Quality Management (TQM system design and implementation within the domestic companies and creating a model-methodology for improved performance, efficiency and effectiveness. The research is designed as an attempt to depict the existing condition in the Macedonian companies regarding quality system design and implementation, analysed through 4 polls in the "house of quality" whose top is the ultimate management, and as its bases measurement, evaluation, analyzing and comparison of the quality are used. This "house" is being held by 4 subsystems e.g. internal standardization, methods and techniques for flawless work performance, education and motivation and analyses of the quality costs. The data received from the research and the proposal of the integral methodology for designing and implementing of TQM system are designed in turn to help and present useful directions to all Macedonian companies tending to become "world class" organizations. The basis in the creation of this model is the redesign of the business processes which afterword begins as a new phase of the business performance - continued improvement, rolling of Deming's Quality Circle (Plan-Do-Check-Act. The model-methodology proposed in this paper is integral and universal which means that it is applicable to all companies regardless of the business area.

  14. The Design of Integrated Logistics Management System of an Industrial Company

    Directory of Open Access Journals (Sweden)

    Hart Martin

    2017-01-01

    Full Text Available In the contemporary global business markets environment, when the business markets are getting more and more commercial, there are growing demand for effective management of material flows. The effectivity and effectiveness of planning, management and control the material flows across an industrial company and its distribution networks, represents one of the main pillar regarding the high level of competitive advantage within the frame of supply chains. Thus, the company information management system design should have also included a module of integrated logistics management system to ensure required level of material flow management effectivity and effectiveness. The article deals with brief description of the issues on company management, company information management systems and logistics management. Further it’s stated the methodology to created integrated logistics management system, which is containing the methodics to design logistics management sub-systems of purchasing, manufacturing, distribution and reverse material flows. The essential methodics of the stated methodology is the methodics to create independent demand forecasting sub-system.

  15. KEY PERFORMANCE INDICATORS. A CASE STUDY ON THE INTEGRATED REPORTS OF AN IT COMPANY

    Directory of Open Access Journals (Sweden)

    GORGAN CĂTĂLINA

    2014-06-01

    Full Text Available Our analysis relies on the 2011 integrated report published by SAP, a European IT company included in the International Integrated Reporting Committee (IIRC Pilot Programme Business Network. The research methodology used is the analysis of the content as we search for a number of selected characteristics in the report and also for a set of key performance indicators (KPI. We use as references the guide provided by DVFA (Society of Investment Professionals in Germany and EFFAS (European Federation of Financial Analysts Societies – EFFAS (2010 for the software industry. The aim of our study is to analyse the way in which an IT company applies the guidelines recognised by the European Commission to identify and communicate the material nonfinancial information, in order to assess the organization’s abilities to create value on a short, medium and long term.

  16. Normative and systems integration in human resource management in Japanese multinational companies

    OpenAIRE

    Furusawa, Masayuki; Brewster, Chris; Takashina, Toshinori

    2016-01-01

    Purpose\\ud This paper aims to conceptualise a framework of “transnational human resource management” (HRM) and to demonstrate the validity of the model.\\ud \\ud Design/methodology/approach\\ud Evidence is drawn from survey of 93 large Japanese multinational companies (MNCs). Data are analysed through descriptive statistics, hierarchical multiple regression analyses and mediation effect analyses.\\ud \\ud Findings\\ud The analysis reveals that the practices for normative and systems integration are...

  17. 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.

  18. Standardization process aligned to integrated management system: the case of TRANSPETRO's Oil Pipelines and Terminals Unit

    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; Labrunie, Charles; Araujo, Dario Doria de [TRANSPETRO - PETROBRAS Transporte S.A., Rio de Janeiro, RJ (Brazil). Diretoria de Terminais e Oleodutos

    2009-07-01

    This paper presents the implementation by PETROBRAS Transporte S.A. - TRANSPETRO of its Oil Pipelines and Terminals Standardization Program (PRONOT) within the scope of the 'Integrated Management System' (IMS). This program, launched in 2006 in the regions where the company operates, aims at standardizing all of its oil pipeline and terminal operations. Its implementation was planned in two phases: the first, already successfully concluded, refers to pipeline operations, industrial maintenance and right-of-way activities management; and the second, initiated in 2009, encompasses cross-sectional activities including health, safety and environment (HSE); training and development of oil pipeline workforce; communication with stake holders; oil pipeline integrity; and engineering project requirements. The documental structures of TRANSPETRO IMS and PRONOT are described and represented graphically to emphasize the intentional alignment of the standardization process carried out by the Oil Pipelines and Terminals Unit to the corporate IMS, based upon national and international literature review and through practical research focusing on the best international practices. (author)

  19. An Integrated Model to Predict Corporate Failure of Listed Companies in Sri Lanka

    Directory of Open Access Journals (Sweden)

    Nisansala Wijekoon

    2015-07-01

    Full Text Available The primary objective of this study is to develop an integrated model to predict corporate failure of listed companies in Sri Lanka. The logistic regression analysis was employed to a data set of 70 matched-pairs of failed and non-failed companies listed in the Colombo Stock Exchange (CSE in Sri Lanka over the period 2002 to 2010. A total of fifteen financial ratios and eight corporate governance variables were used as predictor variables of corporate failure. Analysis of the statistical testing results indicated that model consists with both corporate governance variables and financial ratios improved the prediction accuracy to reach 88.57 per cent one year prior to failure. Furthermore, predictive accuracy of this model in all three years prior to failure is above 80 per cent. Hence model is robust in obtaining accurate results for up to three years prior to failure. It was further found that two financial ratios, working capital to total assets and cash flow from operating activities to total assets, and two corporate governance variables, outside director ratio and company audit committee are having more explanatory power to predict corporate failure. Therefore, model developed in this study can assist investors, managers, shareholders, financial institutions, auditors and regulatory agents in Sri Lanka to forecast corporate failure of listed companies.

  20. 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.

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

    Energy Technology Data Exchange (ETDEWEB)

    Jemain, A.

    2002-06-01

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

  2. 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)

  3. PROBLEMS OF INTEGRATION OF THE HIGH ORDER STRATEGY AT THE AFFILIATED COMPANY AT M&A

    Directory of Open Access Journals (Sweden)

    V. Opanasyuk

    2017-08-01

    Full Text Available The article is dedicated  to studying the problems of integration of higher-ranking strategies and to affiliated company for merger and acquisition transactions. The elements of the company's strategy with expansion into the foreign market are considered. The main goals of the conclusion of M & A transactions are determined, their distribution is indicated, the buyer’s goals are considered separately. The advantages and results of conclusions of various horizontal and vertical M & A transactions, the efficiency of transactions in the long-term and short-term periods are investigated.  The performance indicators of international M & A are detected. Risks in concluding M & A transactions are grouped, the strategies, methods and tools of financial risks’ managing are well-grounded . The recommendations of checking and ensuring the purity of the M & A agreement are given. Further research should be directed at developing measures and mechanisms of implementing the higher-ranking strategy in the affiliated company when implementation M & A. Key words: mergers, acquisitions, strategy, M & A, integration, contract, risk.

  4. Framework Architecture Enabling an Agent-Based Inter-Company Integration with XML

    Directory of Open Access Journals (Sweden)

    Klement Fellner

    2000-11-01

    Full Text Available More and more cooperating companies utilize the World Wide Web (WWW to federate and further integrate their heterogeneous business application systems. At the same time, innovative business strategies, like virtual organizations, supply chain management or one-to-one marketing as well as trendsetting competitive strategies, like mass customisation are realisable. Both, the necessary integration and the innovative concepts are demanding software supporting automation of communication as well as coordination across system boundaries. In this paper, we describe a framework architecture for intercompany integration of business processes based on commonly accepted and (partially standardized concepts and techniques. Further on, it is shown how the framework architecture helps to automate procurement processes and how a cost-saving black-box re-use is achieved following a component oriented implementation paradigm.

  5. 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)

  6. 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.

  7. Integrated Management System in construction company-effective tool of quality, environment and safety level improving

    OpenAIRE

    Gašparík, Jozef

    2009-01-01

    Contribution Presents the struCture of integrated M anageMent systeM ( iMs) according to international standards ISO 9001:2008, ISO 14001:2004 and STN OHSAS 18001:2009, which consists of 3 management systems focused to quality, environment and safety of building processes. The purpose of paper is to describe basic steps concerning the development of IMS. Paper analises basic processes of IMS like company vision, IMS planning, implementing, monitoring, revive and improving. The paper presents ...

  8. Determination of Component Contents of Blend Oil Based on Characteristics Peak Value Integration.

    Science.gov (United States)

    Xu, Jing; Hou, Pei-guo; Wang, Yu-tian; Pan, Zhao

    2016-01-01

    Edible blend oil market is confused at present. It has some problems such as confusing concepts, randomly named, shoddy and especially the fuzzy standard of compositions and ratios in blend oil. The national standard fails to come on time after eight years. The basic reason is the lack of qualitative and quantitative detection of vegetable oils in blend oil. Edible blend oil is mixed by different vegetable oils according to a certain proportion. Its nutrition is rich. Blend oil is eaten frequently in daily life. Different vegetable oil contains a certain components. The mixed vegetable oil can make full use of their nutrients and make the nutrients more balanced in blend oil. It is conducive to people's health. It is an effectively way to monitor blend oil market by the accurate determination of single vegetable oil content in blend oil. The types of blend oil are known, so we only need for accurate determination of its content. Three dimensional fluorescence spectra are used for the contents in blend oil. A new method of data processing is proposed with calculation of characteristics peak value integration in chosen characteristic area based on Quasi-Monte Carlo method, combined with Neural network method to solve nonlinear equations to obtain single vegetable oil content in blend oil. Peanut oil, soybean oil and sunflower oil are used as research object to reconcile into edible blend oil, with single oil regarded whole, not considered each oil's components. Recovery rates of 10 configurations of edible harmonic oil is measured to verify the validity of the method of characteristics peak value integration. An effective method is provided to detect components content of complex mixture in high sensitivity. Accuracy of recovery rats is increased, compared the common method of solution of linear equations used to detect components content of mixture. It can be used in the testing of kinds and content of edible vegetable oil in blend oil for the food quality detection

  9. 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

  10. Vertical integration

    International Nuclear Information System (INIS)

    Antill, N.

    1999-01-01

    This paper focuses on the trend in international energy companies towards vertical integration in the gas chain from wellhead to power generation, horizontal integration in refining and marketing businesses, and the search for larger projects with lower upstream costs. The shape of the petroleum industry in the next millennium, the creation of super-major oil companies, and the relationship between size and risk are discussed. The dynamics of vertical integration, present events and future developments are considered. (UK)

  11. 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.

  12. Employee's satisfaction with integration process as a key to success of the company. Case: Radisson Blu hotel Latvija.

    OpenAIRE

    Cipruse, Dagnija

    2011-01-01

    The purpose of this thesis is to clarify how the employee’s satisfaction with integration process can make impact on the success of the company. As employees are the most important resources of the company, good care have to be taken of them. Even more, depending on employee’s knowledge, skills and work satisfaction, company’s results can differ. To ensure the success and development of the company, the integration process has to be implemented carefully. The theoretical part of the thesi...

  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. Bringing service design to manufacturing companies: integrating PSS and service design approaches

    DEFF Research Database (Denmark)

    Costa, Nina; Patrício, Lia; Morelli, Nicola

    2018-01-01

    in a manufacturing industry. This paper details how the application supports the design of product–service system solutions from the exploration to the implementation stages, highlighting the physical evidence of service, and contributes to advance design research at the intersection of PSS and Service Design.......Manufacturing companies increasingly try to innovate in their offers to consumers by creating more complete solutions that combine product and service components. However, shifting from a product-centric perspective to a solution-oriented perspective is challenging. The present study adopted...... a design research methodology and built on Service-Dominant logic, integrating the human-oriented perspective of Service Design with an organizational network-oriented perspective of Product–Service System. It creates a new Integrative PSS approach, evolves design models, and provides an application...

  15. Integrated field modelling[Oil and gas fields

    Energy Technology Data Exchange (ETDEWEB)

    Nazarian, Bamshad

    2002-07-01

    This research project studies the feasibility of developing and applying an integrated field simulator to simulate the production performance of an entire oil or gas field. It integrates the performance of the reservoir, the wells, the chokes, the gathering system, the surface processing facilities and whenever applicable, gas and water injection systems. The approach adopted for developing the integrated simulator is to couple existing commercial reservoir and process simulators using available linking technologies. The simulators are dynamically linked and customised into a single hybrid application that benefits from the concept of open software architecture. The integrated field simulator is linked to an optimisation routine developed based on the genetic algorithm search strategies. This enables optimisation of the system at field level, from the reservoir to the process. Modelling the wells and the gathering network is achieved by customising the process simulator. This study demonstrated that the integrated simulation improves current capabilities to simulate the performance of the entire field and optimise its design. This is achieved by evaluating design options including spread and layout of the wells and gathering system, processing alternatives, reservoir development schemes and production strategies. Effectiveness of the integrated simulator is demonstrated and tested through several field-level case studies that discuss and investigate technical problems relevant to offshore field development. The case studies cover topics such as process optimisation, optimum tie-in of satellite wells into existing process facilities, optimal well location and field layout assessment of a high pressure high temperature deepwater oil field. Case study results confirm the viability of the total field simulator by demonstrating that the field performance simulation and optimal design were obtained in an automated process with treasonable computation time. No significant

  16. 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

  17. 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.

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

    OpenAIRE

    Alireza Poorebrahimi; Fatemeh SoleimaniRoozbahani

    2015-01-01

    The topic of ‘‘the cloud’’ has attracted significant attention throughout the past few years. It allows resource sharing that includes software, platform and infrastructure by means of virtualization. Cloud Adoption in Oil & Gas companies have approached cloud with caution, but they are increasingly deploying cloud services. Energy companies have carefully weighed whether they should opt for a public cloud versus a private one, and which applications are fit for deployment via the cloud. For ...

  19. 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)

  20. 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

  1. Oil Companies, Reindeer-Herding Communities, and Local Authorities: Rights to Land from the Perspective of Various Stakeholders

    Directory of Open Access Journals (Sweden)

    Svetlana Tulaeva

    2014-10-01

    Full Text Available This article is devoted to the consideration of land disputes between oil companies and reindeer-herding communities. This research analyzes the legal framework within which the participants of conflict act, with particular reference to legal anthropology. Most of the focus is not so much on formal laws as on the way in which they are understood and interpreted by the participants in relations. It is shown that various groups are guided by different laws and regulations, determining for themselves their priority over others. Emphasis is placed on the role of custom and the way in which it influences the appeal of locals to the state legal system. Starting from the specificity of legal environment, this article explains the use by the participants of conflicts of various strategies to settle them.

  2. 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

  3. Integrated Marketing Strategies of German Companies : Start-Ups vs. Global Brands

    OpenAIRE

    Kostin, Irina

    2016-01-01

    The purpose of this bachelor's thesis is to find out and analyze different marketing strategies of German fashion companies. The main part is comparing relatively young start-up companies to established companies and analyzing to what extent the strategies differ. The methodology used in this paper were semi-structured expert interviews with German start-up companies. The results were analyzed and compared to the secondary research on the big global German companies. The findings showed that ...

  4. 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.

  5. 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.

  6. 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)

  7. 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

  8. Physician practice management companies: implications for hospital-based integrated delivery systems.

    Science.gov (United States)

    Burns, L R; Robinson, J C

    1997-01-01

    Physician practice management companies (PPMCs) are one of the most visible entrants into the industry of managing physician practices, and anywhere from 100-150 are already in operation. Although PPMCs and hospital-based integrated delivery systems (IDSs) differ from each other in many ways, they share a number of common features, including the pursuit of capitation contracts from payors. As a result, PPMCs pose a growing, direct threat to hospital systems in competing for managed care contracts that cover physician service. PPMCs also provide an alternative to hospital-based IDSs at the local market level for physician group consolidation. This article looks at the structure, operation, and strategy of PPMCs and examines what implications their growth will have for hospital-based IDSs.

  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. 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.

  11. 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

  12. Vertical integration of oil groups in gas downstream activities after the deregulation of gas and electricity industries: Determining factors and means of implementation of this strategy. Research report period: October 2000 - September 2003

    International Nuclear Information System (INIS)

    Benadjaoud, Nawel

    2003-12-01

    After a presentation of some characteristics of gas and electric power industries, and an overview of the process and consequences of the general trend of deregulation in these sectors, the author of this research proposes a contribution to the economic analysis of movements of vertical integration of large oil companies and groups in which downstream gas activities and power activities represent a small fraction of their activities. The objectives of this research were then to understand why oil companies are practising vertical integration on the gas sector, and how these oil companies proceed in terms of organisational means to perform this successful movement of vertical integration. The author addresses theoretical concepts as they are analysed in some theories of the firm. The studied questions are then addressed in the case of some major European oil companies through a detailed examination of all their operations related to the gas downstream activities and to electricity activities, and by examining the most used organisational modes for the implementation of such vertical integrations

  13. Use and benefit summary of General Electric Company thermocase insulated tubulars for steam enhanced oil recovery

    Energy Technology Data Exchange (ETDEWEB)

    Traynor, B.V. Jr.; Hawley, J.R.; Marziani, V.J.; Prevost, W.M.

    1982-01-01

    General Electric Co.'s (GE) first well-bore insulation in 1969 resulted from the industry's need to produce hot oil on Alaska's North Slope without damaging the permafrost. In the past 3 yr, over 500,000 linear ft of GE's Thermocase has been sold. Thermocase tubulars are in use in California, Wyoming, Texas, Canada, Venezuela, and the USSR. Thermocase insulated tubulars are being used in a wide range of reservoirs under a variety of completion designs. This study discusses field experience, thermal completion benefits afforded by Thermocase tubulars, a quantified economic evaluation in a 1000-ft application, as well as GE's product verification, test and rigid quality control program.

  14. A new approach to integral information system of a company for business and sustainable development

    Directory of Open Access Journals (Sweden)

    Tatijana Minić

    2013-11-01

    Full Text Available Since computers and computer information systems (IS have appeared, the necessity for the existing data processing methodology modification according to possibilities of computer data processing has been forced. The very IS based on computer data processing have its evolution, starting from partial, integrated and up to enterprise resource planning (ERP systems. Most often problems in this area are: (1 the problem of getting the adequate analyses for the management and implementation of business policy because the obtained information is too old or incomplete; (2 implementation of information systems lasts inappropriately long and demands huge costs; (3 there is no significant rationalization of administrative work and papers. Changing these methodologies, one comes to standardisation of the database model as well as to minimising the data input flows for the database loading and updating. In this way, the quality of information for of management has been improved and the business rationalized. Therefore, we developed an integral IS that can improve business of the company and the sustainable development of the economy as well

  15. Natural oils affect the human skin integrity and the percutaneous penetration of benzoic acid dose-dependently

    DEFF Research Database (Denmark)

    Nielsen, Jesper Bo

    2006-01-01

    three natural oils (eucalyptus oil, tea tree oil, peppermint oil) would affect the skin integrity and the percutaneous penetration of benzoic acid when applied topically in relevant concentrations. An experimental in vitro model using static diffusion cells mounted with human breast or abdominal skin...

  16. The impact of R&D & Marketing integration on innovation and business performance in French food processing companies

    NARCIS (Netherlands)

    Lemullier, A.B.; Fortuin, F.T.J.M.; Omta, S.W.F.

    2011-01-01

    The globalization and the rapid changes of consumers' needs make the food industry turbulent. Companies have to become more market-oriented and to implement an adequate innovation strategy to respond to these changing needs. In management literature, cross functional integration, especially between

  17. Integrated resource planning for local gas distribution companies: A critical review of regulatory policy issues

    International Nuclear Information System (INIS)

    Harunuzzaman, M.; Islam, M.

    1994-08-01

    According to the report, public utility commissions (PUCs) are increasingly adopting, or considering the adoption of integrated resource planning (IRP) for local gas distribution companies (LDCs). The Energy Policy Act of 1992 (EPAct) requires PUCs to consider IRP for gas LDCs. This study has two major objectives: (1) to help PUCs develop appropriate regulatory approaches with regard to IRP for gas LDCs; and (2) to help PUCs respond to the EPAct directive. The study finds that it is appropriate for PUCs to pursue energy efficiency within the traditional regulatory framework of minimizing private costs of energy production and delivery; and PUCs should play a limited role in addressing environmental externalities. The study also finds that in promoting energy efficiency, PUCs should pursue policies that are incentive-based, procompetitive, and sensitive to rate impacts. The study evaluates a number of traditional and nontraditional ratemaking mechanisms on the basis of cost minimization, energy efficiency, competitiveness, and other criteria. The mechanisms evaluated include direct recovery of DSM expenses, lost revenue adjustments for DSM options, revenue decoupling mechanisms, sharing of DSM cost savings, performance-based rate of return for DSM, provision of DSM as a separate service, deregulation of DSM service, price caps, and deregulation of the noncore gas market. The study concludes with general recommendations for regulatory approaches and ratemaking mechanisms that PUCs may wish to consider in advancing IRP objectives

  18. 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.

  19. Level of knowledge about the effect of obesity on hypertension among the patients of Isfahan Oil Company Polyclinic, Iran

    Directory of Open Access Journals (Sweden)

    Zamane Vafaei

    2012-12-01

    Full Text Available BACKGROUND: Hypertension is a chronic disease and is one of the complications of Obesity. Based on this serious complication and the importance of preventing hypertension, we decided to study the level of public knowledge about the effect of obesity on hypertension.    METHODS: The present study was conducted through simple random sampling (SRS on 262 patients of Isfahan Oil Company Polyclinic, Iran. In order to collect the required data, we provided special questionnaires which were completed by the patients.    RESULTS: Most of the patients participating in our study were over 40 years of age (50%. The next largest age group consisted of 40‐45 year olds (14%. The lowest educational status was high school diploma (41.3%, and 75.7% were married. 60.7% of the participants mentioned hypertension as a complication of obesity. 21.1% stated that hypertension is not a complication of obesity and18.2% did not know.    CONCLUSION: Since public knowledge about the effect of obesity on hypertension is rather moderate, efforts to increase public knowledge and treat obesity are important in reducing the rate of patients with hypertension.       Keywords: Knowledge, Obesity, Hypertension

  20. 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

  1. Bio-testing integral toxicity of corrosion inhibitors, biocides and oil hydrocarbons in oil-and gas-processing industry

    Energy Technology Data Exchange (ETDEWEB)

    Chugunov, V.A.; Kholodenko, V.P.; Irkhina, I.A.; Fomchenkov, V.M.; Novikov, I.A. [State Research Center for Applied Microbiology, Obolensk, Moscow (Russian Federation)

    2004-07-01

    In recent years bioassays have been widely used for assessing levels of contamination of the environment. This is due to the fact that test-organisms provide a general response to toxicants present in samples. Based on microorganisms as test objects, it is possible to develop cheap, sensitive and rapid assays to identify environmental xenobiotics and toxicants. The objective of the research was to develop different microbiological assays for assessing integral toxicity of water environments polluted with corrosion inhibitors, biocides and hydrocarbons in oil- and gas-processing industry. Bio-luminescent, electro-orientational, osmo-optic and microorganism reducing activity assays were used for express evaluation of integral toxicity. They are found to determine promptly integral toxicity of water environments containing various pollutants (oil, oil products, corrosion inhibitors, biocides). Results conclude that the assays may be used for analyzing integral toxicity of water polluted with hydrocarbons, as well as for monitoring of water changes as a result of biodegradation of pollutants by microorganisms and their associations. Using a kit of different assays, it is also possible to evaluate ecological safety of biocides, corrosion inhibitors, and their compositions. Bioassays used as a kit are more effective than each assay individually, allowing one to get complete characterization of a reaction of bacterial test organisms to different environments. (authors)

  2. AN INTEGRATED PERFORMANCE MANAGEMENT FRAMEWORK FOR A MULTI-BUSINESS COMPANY

    Directory of Open Access Journals (Sweden)

    H.M. Aburas

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: A multi-business company is a complex entity. Evaluating corporate performance of such an organisation is even more challenging. Corporate performance is inherently multidimensional in nature, is viewed from various perspectives, and has to satisfy multiple objectives. It is multi-dimensional in the sense of being a function of many variables that drive firm performance; multi-perspectival, from various stakeholders’ standpoints; and multi-objectives are to be optimised. So there is no single corporate performance evaluation tool that can be prescribed as a stand-alone gauge; however, a unified and holistic corporate performance management system can be developed from multiple tools. This paper attempts to bring together a variety of performance management tools that have evolved and developed in theory, and have been tested and applied in practice. In developing this convergence, first a set of criteria that answers the multi-dimensional, multi-perspectival, and multi-objective requirements of a firm’s performance will be identified and weighted. Second, management tools that have been used either singly or in combination by multi-business companies are reviewed and ranked against the chosen criteria. Finally, an integrated model or framework that brings together and unifies the elements of these ranked performance management tools is proposed.

    AFRIKAANSE OPSOMMING: D‘n Multi-maatskappy-onderneming is ‘n komplekse entiteit. Die evaluasie van maatskappyprestasie van so ‘n onderneming is self meer van ‘n uitdaging. Maatskappyprestasie is inherent multidimensioneel, word uit verskeie perspektiewe beskou en moet veelvuldige doelwitte bevredig. Geen enkele maatstaf is beskikbaar om hierdie fasette van maatskappyprestasie te evalueer, alhoewel ‘n holistiese prestasiebestuurstelsel ontwikkel kan word gebaseer op verskillende maatstawwe. Hierdie artikel bring verskillende metodologieë byeen vir die meting van

  3. Integrated Synthesis of the Permian Basin: Data and Models for Recovering Existing and Undiscovered Oil Resources from the Largest Oil-Bearing Basin in the U.S.

    Energy Technology Data Exchange (ETDEWEB)

    John Jackson; Katherine Jackson

    2008-09-30

    Large volumes of oil and gas remain in the mature basins of North America. This is nowhere more true than in the Permian Basin of Texas and New Mexico. A critical barrier to recovery of this vast remaining resource, however, is information. Access to accurate geological data and analyses of the controls of hydrocarbon distribution is the key to the knowledge base as well as the incentives needed by oil and gas companies. The goals of this project were to collect, analyze, synthesize, and deliver to industry and the public fundamental information and data on the geology of oil and gas systems in the Permian Basin. This was accomplished in two ways. First we gathered all available data, organized it, and placed it on the web for ready access. Data include core analysis data, lists of pertinent published reports, lists of available cores, type logs, and selected PowerPoint presentations. We also created interpretive data such as type logs, geological cross sections, and geological maps and placed them in a geospatially-registered framework in ARC/GIS. Second, we created new written syntheses of selected reservoir plays in the Permian basin. Although only 8 plays were targeted for detailed analysis in the project proposal to DOE, 14 were completed. These include Ellenburger, Simpson, Montoya, Fusselman, Wristen, Thirtyone, Mississippian, Morrow, Atoka, Strawn, Canyon/Cisco, Wolfcamp, Artesia Group, and Delaware Mountain Group. These fully illustrated reports include critical summaries of published literature integrated with new unpublished research conducted during the project. As such these reports provide the most up-to-date analysis of the geological controls on reservoir development available. All reports are available for download on the project website and are also included in this final report. As stated in our proposal, technology transfer is perhaps the most important component of the project. In addition to providing direct access to data and reports through

  4. Towards an integration of affiliated companies energy audit process system at P.T Astra International

    Science.gov (United States)

    Telaga, Abdi Suryadinata; Hartanto, Indra Dwi; Audina, Debby Rizky; Prabowo, Fransiscus Dimas

    2017-06-01

    Environmental awareness, stringent regulation and soaring energy costs, together make energy efficiency as an important pillar for every company. Particularly, in 2020, the ministry of energy and mineral resources of Indonesia has set a target to reduce carbon emission by 26%. For that reason, companies in Indonesia have to comply with the emission target. However, there is trade-off between company's productivity and carbon emission. Therefore, the companies' productivity must be weighed against the environmental effect such as carbon emission. Nowadays, distinguish excessive energy in a company is still challenging. The company rarely has skilled person that capable to audit energy consumed in the company. Auditing energy consumption in a company is a lengthy and time consuming process. As PT Astra International (AI) have 220 affiliated companies (AFFCOs). Occasionally, direct visit to audit energy consumption in AFFCOs is inevitable. However, capability to conduct on-site energy audit was limited by the availability of PT AI energy auditors. For that reason, PT AI has developed a set of audit energy tools or Astra green energy (AGEn) tools to aid the AFFCOs auditor to be able to audit energy in their own company. Fishbone chart was developed as an analysis tool to gather root cause of audit energy problem. Following the analysis results, PT AI made an improvement by developing an AGEn web-based system. The system has capability to help AFFCOs to conduct energy audit on-site. The system was developed using prototyping methodology, object-oriented system analysis and design (OOSAD), and three-tier architecture. The implementation of system used ASP.NET, Microsoft SQL Server 2012 database, and web server IIS 8.

  5. Fast Pyrolysis Oil Stabilization: An Integrated Catalytic and Membrane Approach for Improved Bio-oils. Final Report

    Energy Technology Data Exchange (ETDEWEB)

    Huber, George W.; Upadhye, Aniruddha A.; Ford, David M.; Bhatia, Surita R.; Badger, Phillip C.

    2012-10-19

    This University of Massachusetts, Amherst project, "Fast Pyrolysis Oil Stabilization: An Integrated Catalytic and Membrane Approach for Improved Bio-oils" started on 1st February 2009 and finished on August 31st 2011. The project consisted following tasks: Task 1.0: Char Removal by Membrane Separation Technology The presence of char particles in the bio-oil causes problems in storage and end-use. Currently there is no well-established technology to remove char particles less than 10 micron in size. This study focused on the application of a liquid-phase microfiltration process to remove char particles from bio-oil down to slightly sub-micron levels. Tubular ceramic membranes of nominal pore sizes 0.5 and 0.8m were employed to carry out the microfiltration, which was conducted in the cross-flow mode at temperatures ranging from 38 to 45 C and at three different trans-membrane pressures varying from 1 to 3 bars. The results demonstrated the removal of the major quantity of char particles with a significant reduction in overall ash content of the bio-oil. The results clearly showed that the cake formation mechanism of fouling is predominant in this process. Task 2.0 Acid Removal by Membrane Separation Technology The feasibility of removing small organic acids from the aqueous fraction of fast pyrolysis bio-oils using nanofiltration (NF) and reverse osmosis (RO) membranes was studied. Experiments were carried out with a single solute solutions of acetic acid and glucose, binary solute solutions containing both acetic acid and glucose, and a model aqueous fraction of bio-oil (AFBO). Retention factors above 90% for glucose and below 0% for acetic acid were observed at feed pressures near 40 bar for single and binary solutions, so that their separation in the model AFBO was expected to be feasible. However, all of the membranes were irreversibly damaged when experiments were conducted with the model AFBO due to the presence of guaiacol in the feed solution. Experiments

  6. 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.

  7. Integrate Product Planning Process of OKP Companies in the Cloud Manufacturing Environment

    OpenAIRE

    Zheng , Pai; Xu , Xun; Xie , Sheng ,

    2015-01-01

    Part 8: Cloud-Based Manufacturing; International audience; In today’s competitive market, OKP companies operate in the “engineer-to-order” business mode, whereby analysing the “voice of customer” promptly and accurately in the early design stage determines the success of product development. However, OKP companies have limited resources. They may not be able to afford the cost of the complicated Quality Function Deployment (QFD) product planning process, nor can they obtain abundant CRs infor...

  8. The overseas acquisitions and equity oil shares of Chinese national oil companies: A threat to the West but a boost to China's energy security?

    International Nuclear Information System (INIS)

    Zhang Zhongxiang

    2012-01-01

    This paper argues that both China and the Western countries need to de-politicize China's global quest for energy security. The Western politicians need to recognize that their rhetoric in relation to China's efforts to secure energy supplies overseas has done nothing but intensify China's fear that they might seek to deny China's access to the oil it needs for the development. China needs to reconsider its stance of distrusting global oil markets and to recognize that the reliance on aggressive acquisitions of overseas oil fields and equity oil production has been of little help in strengthening its energy security. Given that China's energy security depends increasingly and deeply on the stability of global oil markets and reliable and growing oil supplies to the market, China shares with other major oil importing countries profound common interests in maintaining and strengthening the stability of global oil markets and reducing the chance of potential disruptions to oil supply and the resulting damaging oil price shocks.

  9. Agricultural and oil commodities: price transmission and market integration between US and Italy

    Directory of Open Access Journals (Sweden)

    Franco Rosa

    2014-08-01

    Full Text Available Purpose of this article it to get some evidences of market interaction between United States and Italy using the time series analysis of spot prices spanning from January 1999 to May 2012 for crude oil and three ag-commodities: wheat, corn and soybean. These crops have been selected for their relevance in ag-commodity exchanges between US and Italy markets. The integration between US and Italy agricultural markets is hypothesized for the consistent volume of crop traded between these two countries while the price transmission is related to the leading price signals of the CBT (Chicago Board of Trade. The integration between oil and ag-commodity markets is suggested both by the large use of energy intensive inputs, (fertilizer, seed, machinery in production of these ag-commodities, and their use in biofuel production. The results suggest: a for US market the evidence of market integration between crude oil and US ag-commodities; b for Italy the integration with US ag-commodity markets and less evidence of integration with the oil market. These results are valuable information both for the agents and policy makers contributing to improve the information accuracy to predict the price movements used by marketing operators for their strategies and policy makers to set up policies to re-establish conditions of market efficiency and allocate these ag-commodities in alternative market channels.

  10. A Model of Functional Integration and Conflict: The Case of Purchasing-Production in a Construction Company

    DEFF Research Database (Denmark)

    Ellegaard, Chris; Koch, Christian

    2014-01-01

    into cross-functional conflict. Facing a conflicting functional relationship, managers must resort to conflict resolution methods, instead of attempting to integrate, as several integrative devices are not appropriate in conflicting interfaces. Originality/value – The proposed model contributes by connecting......Purpose – The purpose of this article is to generate theory on how functional integration and conflict interrelate by studying the interface between production and purchasing. Design/methodology/approach – An interpretive single case research methodology is adopted. The authors rely on in......-depth interviewing of managers in the production and purchasing functions of a construction company, as well as by its suppliers. Findings – Given low functional integration, antagonistic reasoning within each function and resultant conflicting behaviors are allowed to develop in a negative cycle, escalating...

  11. IT risk management disclosure in the integrated reports of the top 40 listed companies on the JSE limited

    Directory of Open Access Journals (Sweden)

    Ben Marx

    2017-07-01

    Full Text Available Information Technology (IT has become an integral part of virtually all modern day organisations. The advent of IT has given rise to numerous benefits which increase productivity and efficiency in the workplace, however, IT also brings with it significant risks that can have an impact on an organisation’s ability to function as a going concern. Organisations, especially those listed on the Johannesburg Stock Exchange (JSE, are required to submit an Integrated Report (IR on an annual basis in which they indicate how they used the resources at their disposal to create value for the organisation and its stakeholders during the year under review. The IR is also a forward-looking document, as opposed to the traditional, backward-looking reports. The purpose of this paper is to determine to what extent IT Risk and IT Risk Management are disclosed in the IR’s of the Top 40 Listed Companies on the JSE. It further aims to determine whether IT Risks are included as material risk in the entity’s risk statements of the Integrated Report, and whether proper explanations are provided on how the materiality of the risks are determined and dealt with. This is done by means of an empirical study consisting of a content analysis of the IRs of the Top 40 listed companies on the JSE. The results of the analysis indicates that more than half of the companies included IT risk as part of their material risks and outlined appropriate and detailed processes that were followed by the company to manage those IT risks. The findings of the study accordingly support the need for communicating significant risks and the management thereof to stakeholders as part of the integrated nature of governance of entities. However, it is disconcerting that some companies are not doing this, and accordingly are not realising the need for communicating significant matters to their stakeholders and the value that informative and credible reporting will bring to an entity

  12. Diagnosis and recommendation integrated system (DRIS of soybean seed oil content

    Directory of Open Access Journals (Sweden)

    Alfredo Castamann

    2012-12-01

    Full Text Available The Diagnosis and Recommendation Integrated System (DRIS can improve interpretations of leaf analysis to determine the nutrient status. Diagnoses by this method require DRIS norms, which are however not known for oil content of soybean seeds. The aims of this study were to establish and test the DRIS method for oil content of soybean seed (maturity group II cultivars. Soybean leaves (207 samples in the full flowering stage were analyzed for macro and micro-nutrients, and the DRIS was applied to assess the relationship between nutrient ratios and the seed oil content. Samples from experimental and farm field sites of the southernmost Brazilian state Rio Grande do Sul (28° - 29° southern latitude; 52° -53° western longitude were assessed in two growing seasons (2007/2008 and 2008/2009. The DRIS norms related to seed oil content differed between the studied years. A unique DRIS norm was established for seed oil content higher than 18.68 % based on data of the 2007/2008 growing season. Higher DRIS indices of B, Ca, Mg and S were associated with a higher oil content, while the opposite was found for K, N and P. The DRIS can be used to evaluate the leaf nutrient status of soybean to improve the seed oil content of the crop.

  13. The investigation for attaining the optimal yield of oil shale by integrating high temperature reactors

    International Nuclear Information System (INIS)

    Bhattacharyya, A.T.

    1984-03-01

    This work presents a systemanalytical investigation and shows how far a high temperature reactor can be integrated for achieving the optimal yield of kerogen from oil shale. About 1/3 of the produced components must be burnt out in order to have the required high temperature process heat. The works of IGT show that the hydrogen gasification of oil shale enables not only to reach oil shale of higher quality but also allows to achieve a higher extraction quantity. For this reason a hydro-gasification process has been calculated in this work in which not only hydrogen is used as the gasification medium but also two high temperature reactors are integrated as the source of high temperature heat. (orig.) [de

  14. 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

  15. Integrated services

    International Nuclear Information System (INIS)

    Chafcouloff, S.; Michel, G.; Trice, M.; Clark, G.; Cosad, C.; Forbes, K.

    1995-01-01

    Integrated services is the name given to several services grouped together under a single contract. Four key factors determine the success of integrated services projects: teamwork, common objectives, technology, and shared benefits. For oil companies, integration means smoother, more efficient operations by bringing service companies on board as part of the team. For the service industry, it means a radical change in the way business is conducted, taking on more responsibility in return for greater incentives. This article reviews the need for change and the approach Schlumberger has adopted to meet this challenge. 20 figs., 20 refs

  16. Integrated services

    Energy Technology Data Exchange (ETDEWEB)

    Chafcouloff, S.; Michel, G.; Trice, M. [Schlumberger Integrated Project Management Group, Montrouge (France); Clark, G. [Schlumberger Testing Services, Aberdeen (United Kingdom); Cosad, C.; Forbes, K. [Schlumberger Integrated Project Management Group, Aberdeen (United Kingdom)

    1995-12-31

    Integrated services is the name given to several services grouped together under a single contract. Four key factors determine the success of integrated services projects: teamwork, common objectives, technology, and shared benefits. For oil companies, integration means smoother, more efficient operations by bringing service companies on board as part of the team. For the service industry, it means a radical change in the way business is conducted, taking on more responsibility in return for greater incentives. This article reviews the need for change and the approach Schlumberger has adopted to meet this challenge. 20 figs., 20 refs

  17. 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)

  18. Shapley value applied to the economic analysis of upstream projects for an integrated energy company; Valor de Sharpley aplicado a analise economica de projetos de E e P em uma empresa integrada de energia

    Energy Technology Data Exchange (ETDEWEB)

    Pinciara Junior, Ewerton Ribeiro Walter; Vieira, Roberta Chasse; Soares, Fabio Maia [PETROBRAS, Rio de Janeiro, RJ (Brazil)

    2008-07-01

    For integrated energy companies, the determination of opportunity costs is of major importance for the appraisal of project revenues. The key feature to be taken into account is not the actual price forecast for the oil, but which value that oil production aggregates to the Company - the cumulative gains of both upstream and downstream segments. When a project portfolio is analyzed, special care must be taken to the synergies among projects, whether those are positive or negative. An inadequate approach could simply disregard such relationships or oversize their impact, what would lead to incorrect determination of project revenues. Shapley values is a concept withdrawn from games' theory which can be used as a normalization technique, aiming to distribute the income of a portfolio among its players in an unbiased way, through the analysis of the several marginal contributions of each project for each possible subset of the portfolio. In this contribution the utilization of such technique for the valuation of oil production projects is discussed and illustrated. Topics such as advantages and drawbacks of the proposed approach are addressed, as well as computational effort issues. (author)

  19. Integrated model of port oil piping transportation system safety including operating environment threats

    OpenAIRE

    Kołowrocki, Krzysztof; Kuligowska, Ewa; Soszyńska-Budny, Joanna

    2017-01-01

    The paper presents an integrated general model of complex technical system, linking its multistate safety model and the model of its operation process including operating environment threats and considering variable at different operation states its safety structures and its components safety parameters. Under the assumption that the system has exponential safety function, the safety characteristics of the port oil piping transportation system are determined.

  20. An Integrated Business and Technology Curriculum: Oil and Water?

    Science.gov (United States)

    Hodges, Hillary Jean

    2011-01-01

    Technology in every form has become an important part of everyday life. In business, it is a necessity for success and survival. Many authors (Kotrlik & Redmann, 2009; Ma & Runyon (2004), among others) in the arena of higher education have pointed out the need for truly integrated business and technology programs at the graduate level, but…

  1. The characterization of soybean oil body integral oleosin isoforms and the effects of alkaline pH on them.

    Science.gov (United States)

    Cao, Yanyun; Zhao, Luping; Ying, Yusang; Kong, Xiangzhen; Hua, Yufei; Chen, Yeming

    2015-06-15

    Oil body, an organelle in seed cell (naturally pre-emulsified oil), has great potentials to be used in food, cosmetics, pharmaceutical and other applications requiring stable oil-in-water emulsions. Researchers have tried to extract oil body by alkaline buffers, which are beneficial for removing contaminated proteins. But it is not clear whether alkaline buffers could remove oil body integral proteins (mainly oleosins), which could keep oil body integrity and stability. In this study, seven oleosin isoforms were identified for soybean oil body (three isoforms, 24 kDa; three isoforms, 18 kDa; one isoform, 16kDa). Oleosins were not glycoproteins and 24 kDa oleosin isoforms possessed less thiol groups than 18 kDa ones. It was found that alkaline pH not only removed contaminated proteins but also oleosins, and more and more oleosins were removed with increasing alkaline pH. Copyright © 2015 Elsevier Ltd. All rights reserved.

  2. Application specific integrated circuit for high temperature oil well applications

    Energy Technology Data Exchange (ETDEWEB)

    Fallet, T.; Gakkestad, J.; Forre, G.

    1994-12-31

    This paper describes the design of an integrated BiCMOS circuit for high temperature applications. The circuit contains Pierce oscillators with automatic gain control, and measurements show that it is operating up to 266{sup o}C. The relative frequency variation up to 200 {sup o}C is less than 60 ppm caused mainly by the crystal element itself. 4 refs., 7 figs.

  3. Global Integration, Non-Oil Export and Economic Growth in Nigeria

    Directory of Open Access Journals (Sweden)

    Ozoemena Stanley Nwodo

    2017-03-01

    Full Text Available This study focuses on global integration, non-oil export and economic growth in Nigeria. The direct and interaction effect of the both openness variables and non-oil export on economic growth in Nigeria is investigated using quarterly data from 1986-2014. For analysis, it uses one measures of financial openness: de facto (total capital flow variables following Aizenman and Noy (2009.and a measure of trade openness adopted by Okoh (2004. The study applies the Autoregressive Distributed Lag Model (ARDL. The results show positive impact of non-oil export on economic growth in Nigeria both in the short run and in the long run, negative effect of trade and financial openness on economic growth however, the result recorded a negative effect of the interaction of trade openness and non-oil export on economic growth and a positive effect of the interaction of financial openness and non-oil export on economic growth. Thus, the study recommends among others that government should get the fundamentals right in the economy first that will boost non-oil sector before opening the economy for trade.

  4. A two year study of norm levels in the facilities of a major Malaysian oil and gas exploration and production company

    International Nuclear Information System (INIS)

    Bradley, D.A.

    1996-01-01

    Four comprehensive surveys of offshore and onshore facilities of a major Malaysian Oil and Gas E and P Company have been completed in the two year period since March 1993. Data include measurements of external gamma dose rate, space contamination, Rn and In progeny levels, particulate radioactivity in ambient air and radium in liquid effluent and sludge. Monitored quantities have yielded values which are for the most part in accord with those of undisturbed environments although limited occurrence of elevation of dose rate, and of radium concentration in sludge have been observed. In the latter instance measured concentrations of 226 Ra and 228 Ac have been within values of less than 1 Bq g -1 , being in general very much less than this. Comparison with reported oil and gas facility NORM levels in other parts of the world indicate present levels to be relatively low. (author)

  5. Formation of an integrated holding company to produce rare-earth metal articles

    Science.gov (United States)

    Bogdanov, S. V.; Grishaev, S. I.

    2013-12-01

    The possibility of formation of a Russian holding company for the production of rare-earth metal articles under conditions of its increasing demand on the world market is considered. It is reasonable to ensure stable business operation on the market under conditions of state-private partnership after the fraction of soled products is determined and supported by the competitive advantages of Russian products.

  6. How to integrate the aging of employees into occupational health policies: the approach of a French company.

    Science.gov (United States)

    Bonnet-Belfais, Monique; Cholat, Jean-François; Bouchard, Denis; Goulfier, Charles; Casselle, Adina; Schram, Jean

    2014-01-01

    Since 2010, French companies must integrate or retain seniors to avoid a fine of 1% of their payroll. This work examines how to integrate the aging of employees into occupational health policies. The literature on the complex relationships between age, work and health has been reviewed, and the feasibility of potential actions has been addressed. In the company setting, few diseases are specific to seniors. With retirement age postponing, chronic diseases may appear more frequently in people still working. Physiological aging linked to a functional decline is variable. Occupational wear and tear can result in some functional deterioration. Seniors can experience difficulties coping with heavy time demands that restrict their ability to organize the work, with physical stresses due to their diminished muscular capacity, and with unconventional schedules that have long-term deleterious effects on sleep quality and alertness. This position paper makes recommendations for adapting work organization and occupational medical care. Protective measures for seniors should be integrated in a global approach to improving work conditions for all. Aging employees need some leeway to develop experience-based strategies for bypassing new difficulties. Revising work rhythms and developing autonomy seem to be means for progress.

  7. An Industrial Cloud: Integrated Operations in Oil and Gas in the Norwegian Continental Shelf

    Science.gov (United States)

    Rong, Chunming

    Cloud computing may provide the long waiting technologies and methodologies for large scale industrial collaboration across disciplines and enterprise boundaries. Industrial cloud is introduced as a new inter-enterprise integration concept in cloud computing. Motivations and advantages are given by a practical exploration of the concept from the perspective of the on-going effort by the Norwegian oil and gas industry to build industry wide information integration and collaboration. ISO15926 is recognized as a standard enabling cross boundaries data integration and processing.

  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. Fish oil enhances recovery of intestinal microbiota and epithelial integrity in chronic rejection of intestinal transplant.

    Directory of Open Access Journals (Sweden)

    Qiurong Li

    Full Text Available BACKGROUND: The intestinal chronic rejection (CR is the major limitation to long-term survival of transplanted organs. This study aimed to investigate the interaction between intestinal microbiota and epithelial integrity in chronic rejection of intestinal transplantation, and to find out whether fish oil enhances recovery of intestinal microbiota and epithelial integrity. METHODS/PRINCIPAL FINDINGS: The luminal and mucosal microbiota composition of CR rats were characterized by DGGE analysis at 190 days after intestinal transplant. The specific bacterial species were determined by sequence analysis. Furthermore, changes in the localization of intestinal TJ proteins were examined by immunofluorescent staining. PCR-DGGE analysis revealed that gut microbiota in CR rats had a shift towards Escherichia coli, Bacteroides spp and Clostridium spp and a decrease in the abundance of Lactobacillales bacteria in the intestines. Fish oil supplementation could enhance the recovery of gut microbiota, showing a significant decrease of gut bacterial proportions of E. coli and Bacteroides spp and an increase of Lactobacillales spp. In addition, CR rats showed pronounced alteration of tight junction, depicted by marked changes in epithelial cell ultrastructure and redistribution of occuldin and claudins as well as disruption in TJ barrier function. Fish oil administration ameliorated disruption of epithelial integrity in CR, which was associated with an improvement of the mucosal structure leading to improved tight junctions. CONCLUSIONS/SIGNIFICANCE: Our study have presented novel evidence that fish oil is involved in the maintenance of epithelial TJ integrity and recovery of gut microbiota, which may have therapeutic potential against CR in intestinal transplantation.

  10. Integrated model of port oil piping transportation system safety including operating environment threats

    Directory of Open Access Journals (Sweden)

    Kołowrocki Krzysztof

    2017-06-01

    Full Text Available The paper presents an integrated general model of complex technical system, linking its multistate safety model and the model of its operation process including operating environment threats and considering variable at different operation states its safety structures and its components safety parameters. Under the assumption that the system has exponential safety function, the safety characteristics of the port oil piping transportation system are determined.

  11. Integrated Oil spill detection and forecasting using MOON real time data

    OpenAIRE

    De Dominicis, M.; Pinardi, N.; Coppini, G.; Tonani, M.; Guarnieri, A.; Zodiatis, G.; Lardner, R.; Santoleri, R.

    2009-01-01

    MOON (Mediterranean Operational Oceanography Network) is an operational distributed system ready to provide quality controlled and timely marine observations (in situ and satellite) and environmental analyses and predictions for management of oil spill accidents. MOON operational systems are based upon the real time functioning of an integrated system composed of the Real Time Observing system, the regional, sub-regional and coastal forecasting systems and a products dissemination system. All...

  12. 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

  13. Application of local exhaust ventilation system and integrated collectors for control of air pollutants in mining company.

    Science.gov (United States)

    Ghorbani Shahna, Farshid; Bahrami, Abdulrahman; Farasati, Farhad

    2012-01-01

    Local exhaust ventilation (LEV) systems and integrated collectors were designed and implemented in a mining company in order to control emitted air pollutant from furnaces. The LEV was designed for capture and transition of air pollutants emitted from furnaces to the integrated collectors. The integrated collectors including four high efficiency Stairmand model cyclones for control of particulate matter, a venturi scrubber for control of the fine particles, SO(2) and a part of H(2)S to follow them, and a packed scrubber for treatment of the residual H(2)S and SO(2) were designed. Pollutants concentration were measured to determine system effectiveness. The results showed that the effectiveness of LEV for reducing workplace pollution is 91.83%, 96.32% and 83.67% for dust, SO(2) and H(2)S, respectively. Average removal efficiency of particles by combination of cyclone and venturi scrubber was 98.72%. Average removal efficiency of SO(2) and H(2)S were 95.85% and 47.13% for the venturi scrubber and 68.45% and 92.7% for the packed bed scrubber. The average removal efficiency of SO(2) and H(2)S were increased to 99.1% and 95.95% by the combination of venturi and packed bed scrubbers. According to the results, integrated collectors are a good air pollution control option for industries with economic constraints and ancient technologies.

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

    Directory of Open Access Journals (Sweden)

    NOELE DE FREITAS PEIGO

    2015-09-01

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

  15. Influence of computer technology on the automation of oil and gas fields and on the companies' information structures

    Energy Technology Data Exchange (ETDEWEB)

    Graf, H.G.

    1984-02-01

    Exemplified by a Direct Digital Control System, the fundamentals of process automation are demonstrated. Description of the so-called ''General-purpose computers'' and their peripherals which are used in the mineral oil industry. Explanation of individual types of information processing such as data, process and text processing. Broad outline of typical applications of EDP Systems in the mineral oil/natural gas producing industries. Further chapters deal with the incompany information structure and with economic shaping of the information system.

  16. Integrating Oil Debris and Vibration Gear Damage Detection Technologies Using Fuzzy Logic

    Science.gov (United States)

    Dempsey, Paula J.; Afjeh, Abdollah A.

    2002-01-01

    A diagnostic tool for detecting damage to spur gears was developed. Two different measurement technologies, wear debris analysis and vibration, were integrated into a health monitoring system for detecting surface fatigue pitting damage on gears. This integrated system showed improved detection and decision-making capabilities as compared to using individual measurement technologies. This diagnostic tool was developed and evaluated experimentally by collecting vibration and oil debris data from fatigue tests performed in the NASA Glenn Spur Gear Fatigue Test Rig. Experimental data were collected during experiments performed in this test rig with and without pitting. Results show combining the two measurement technologies improves the detection of pitting damage on spur gears.

  17. Integrated surface management for pipeline construction: The Mid-America Pipeline Company Four Corners Project

    Science.gov (United States)

    Maria L. Sonett

    1999-01-01

    Integrated surface management techniques for pipeline construction through arid and semi-arid rangeland ecosystems are presented in a case history of a 412-mile pipeline construction project in New Mexico. Planning, implementation and monitoring for restoration of surface hydrology, soil stabilization, soil cover, and plant species succession are discussed. Planning...

  18. Miller Table Company: A Profit Analysis Case Integrating Managerial Accounting, Microeconomics and Marketing

    Science.gov (United States)

    Miller, Louise

    2014-01-01

    This paper describes a unique integrative business case appropriate for use in a managerial accounting course or other business courses related to economics or marketing. The case describes a scenario in which a managerial accountant is assisting in business decisions relating to factors influencing the profitability of a small manufacturing…

  19. 75 FR 38093 - ConocoPhillips Alaska Natural Gas Corporation and Marathon Oil Company; Application for Blanket...

    Science.gov (United States)

    2010-07-01

    ... natural gas reserves support the conclusion that there are sufficient supplies to satisfy local demand and... and/ or one or more other countries globally with which trading is not prohibited by U.S. law for a.... Department of Energy (FE-34), Office of Oil and Gas Global Security and Supply, Office of Fossil Energy...

  20. The waste-to-energy framework for integrated multi-waste utilization: Waste cooking oil, waste lubricating oil, and waste plastics

    Energy Technology Data Exchange (ETDEWEB)

    Singhabhandhu, Ampaitepin; Tezuka, Tetsuo [Energy Economics Laboratory, Department of Socio-Environmental Energy Science, Graduate School of Energy Science, Kyoto University, Yoshida-honmachi, Sakyo-ku, Kyoto 606-8501 (Japan)

    2010-06-15

    Energy generation by wastes is considered one method of waste management that has the benefit of energy recovery. From the waste-to-energy point of view, waste cooking oil, waste lubricating oil, and waste plastics have been considered good candidates for feedstocks for energy conversion due to their high heating values. Compared to the independent management of these three wastes, the idea of co-processing them in integration is expected to gain more benefit. The economies of scale and the synergy of co-processing these wastes results in higher quality and higher yield of the end products. In this study, we use cost-benefit analysis to evaluate the integrated management scenario of collecting the three wastes and converting them to energy. We report the total heat of combustion of pyrolytic oil at the maximum and minimum conversion rates, and conduct a sensitivity analysis in which the parameters of an increase of the electricity cost for operating the process and increase of the feedstock transportation cost are tested. We evaluate the effects of economy of scale in the case of integrated waste management. We compare four cases of waste-to-energy conversion with the business as usual (BAU) scenario, and our results show that the integrated co-processing of waste cooking oil, waste lubricating oil, and waste plastics is the most profitable from the viewpoints of energy yield and economics. (author)

  1. Enterprise Pattern: integrating the business process into a unified enterprise model of modern service company

    Science.gov (United States)

    Li, Ying; Luo, Zhiling; Yin, Jianwei; Xu, Lida; Yin, Yuyu; Wu, Zhaohui

    2017-01-01

    Modern service company (MSC), the enterprise involving special domains, such as the financial industry, information service industry and technology development industry, depends heavily on information technology. Modelling of such enterprise has attracted much research attention because it promises to help enterprise managers to analyse basic business strategies (e.g. the pricing strategy) and even optimise the business process (BP) to gain benefits. While the existing models proposed by economists cover the economic elements, they fail to address the basic BP and its relationship with the economic characteristics. Those proposed in computer science regardless of achieving great success in BP modelling perform poorly in supporting the economic analysis. Therefore, the existing approaches fail to satisfy the requirement of enterprise modelling for MSC, which demands simultaneous consideration of both economic analysing and business processing. In this article, we provide a unified enterprise modelling approach named Enterprise Pattern (EP) which bridges the gap between the BP model and the enterprise economic model of MSC. Proposing a language named Enterprise Pattern Description Language (EPDL) covering all the basic language elements of EP, we formulate the language syntaxes and two basic extraction rules assisting economic analysis. Furthermore, we extend Business Process Model and Notation (BPMN) to support EPDL, named BPMN for Enterprise Pattern (BPMN4EP). The example of mobile application platform is studied in detail for a better understanding of EPDL.

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

    Directory of Open Access Journals (Sweden)

    Zohre Karimi

    2017-07-01

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

  3. The information content of supplemental reserve-based replacement measures relative to that of historical cost income and its cash and accrual components of oil and gas producing companies

    International Nuclear Information System (INIS)

    Spear, N.A.

    1992-01-01

    The empirical analysis indicated that two of the three reserve-based quantity replacement measures are very useful, in terms of explaining the security returns of full cost oil and gas producing companies during the release week of the 1982-1986 annual reports or 10-K filings of these companies. The analysis also indicated that two of the three reserve-based value replacement measures are very useful, in terms of explaining the security returns of full cost oil and gas producing companies during the release week of the 1984-1986 annual reports or 10-K filings. For the period 1987-1988, the empirical analysis indicated that all of the reserve-based quantity and value replacement measures are not useful, in terms of explaining the security returns of full cost oil and gas producing companies during the release week of the annual reports or 10-K filings. The empirical analysis showed no consistent evidence to indicate any systematic difference between the implications of the cash and accrual components of earnings of either the full cost or the successful efforts oil and gas producing companies during the release week of the annual report or 10-K filings

  4. Design Integration - a theroretical and empirical study of design integration in small and medium sized Danish companies

    DEFF Research Database (Denmark)

    Erichsen, Pia Geisby

    er drivkræft. Afhandlingen bidrager til design management feltet med en ny måde at tale om og forstå design integration. Yderligere bidrager den med ny viden omkring dynamikken omkring design integration. Sidst men ikke mindst biddrager den til, at designledelseskonsulenter samt små og mellemstore...... organisatorisk kontekst?’ - blev søgt besvaret gennem to litteraturstudier af henholdsvis design management og design. Litteraturstudiet af design management gav imidlertid kun begrænsede svar på spørgsmålet ’hvad er design?’. Designfeltet derimod kunne give et mere nuanceret svar, hvilket resulterede i en ny...... blev det identificeret, at det var relevant, at se på barrierer og drivkræfter et dynamisk perspektiv. Via observationsstudiet blev designtrappen identificeret som relevant i forhold til forskningsspørgsmålet, men modellen havde også nogle indbyggede barrierer, hvorfor der blev søgt efter andre...

  5. The integral and extrinsic bioactive proteins in the aqueous extracted soybean oil bodies.

    Science.gov (United States)

    Zhao, Luping; Chen, Yeming; Cao, Yanyun; Kong, Xiangzhen; Hua, Yufei

    2013-10-09

    Soybean oil bodies (OBs), naturally pre-emulsified soybean oil, have been examined by many researchers owing to their great potential utilizations in food, cosmetics, pharmaceutical, and other applications requiring stable oil-in-water emulsions. This study was the first time to confirm that lectin, Gly m Bd 28K (Bd 28K, one soybean allergenic protein), Kunitz trypsin inhibitor (KTI), and Bowman-Birk inhibitor (BBI) were not contained in the extracted soybean OBs even by neutral pH aqueous extraction. It was clarified that the well-known Gly m Bd 30K (Bd 30K), another soybean allergenic protein, was strongly bound to soybean OBs through a disulfide bond with 24 kDa oleosin. One steroleosin isoform (41 kDa) and two caleosin isoforms (27 kDa, 29 kDa), the integral bioactive proteins, were confirmed for the first time in soybean OBs, and a considerable amount of calcium, necessary for the biological activities of caleosin, was strongly bound to OBs. Unexpectedly, it was found that 24 kDa and 18 kDa oleosins could be hydrolyzed by an unknown soybean endoprotease in the extracted soybean OBs, which might give some hints for improving the enzyme-assisted aqueous extraction processing of soybean free oil.

  6. Integrated plant safety assessment: systematic evaluation program. Haddam Neck Plant, Connecticut Yankee Atomic Power Company. Docket No. 50-213

    International Nuclear Information System (INIS)

    1983-03-01

    The Systematic Evaluation Program was initiated in February 1977 by the US Nuclear Regulatory Commission to review the designs of older operating nuclear reactor plants to confirm and document their safety. The review provides: (1) an assessment of how these plants compare with current licensing safety requirements relating to selected issues, (2) a basis for deciding on how these differences should be resolved in an integrated plant review, and (3) a documented evaluation of plant safety. This report documents the review of Haddam Neck Plant, operated by Connecticut Yankee Atomic Power Company. The Haddam Neck Plant is one of 10 plants reviewed under Phase II of this program. This report indicates how 137 topics selected for review under Phase I of the program were addressed. Equipment and procedural changes have been identified as a result of the review

  7. Novel Integrated Multi-Criteria Model for Supplier Selection: Case Study Construction Company

    Directory of Open Access Journals (Sweden)

    Željko Stević

    2017-11-01

    Full Text Available Supply chain presents a very complex field involving a large number of participants. The aim of the complete supply chain is finding an optimum from the aspect of all participants, which is a rather complex task. In order to ensure optimum satisfaction for all participants, it is necessary that the beginning phase consists of correct evaluations and supplier selection. In this study, the supplier selection was performed in the construction company, on the basis of a new approach in the field of multi-criteria model. Weight coefficients were obtained by DEMATEL (Decision Making Trial and Evaluation Laboratory method, based on the rough numbers. Evaluation and the supplier selection were made on the basis of a new Rough EDAS (Evaluation based on Distance from Average Solution method, which presents one of the latest methods in this field. In order to determine the stability of the model and the applicability of the proposed Rough EDAS method, an extension of the COPRAS and MULTIMOORA method by rough numbers was also performed in this study, and the findings of the comparative analysis were presented. Besides the new approaches based on the extension by rough numbers, the results are also compared with the Rough MABAC (MultiAttributive Border Approximation area Comparison and Rough MAIRCA (MultiAttributive Ideal-Real Comparative Analysis. In addition, in the sensitivity analysis, 18 different scenarios were formed, the ones in which criteria change their original values. At the end of the sensitivity analysis, SCC (Spearman Correlation Coefficient of the obtained ranges was carried out, confirming the applicability of the proposed approaches.

  8. 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

  9. Potential Development of Bioindustry in Cattle and Oil Palm Integration System

    Directory of Open Access Journals (Sweden)

    Gunawan

    2014-06-01

    Full Text Available An integrated system between cattle and oil palm plantation has a great potency for development of bioindustry, either in the form of animal feed or organic fertilizer bioindustry. Bioindustry of cattle feed is developed from biomass of plantations, such as stem and leaves of palm, palm kernel and solid. Bioindustry of organic fertilizer is developed from cattle manure. The targets of development of bioindustry are palm plantations in Sumatera and Kalimantan regions, covering 9.25 million hectares. It is estimated to be able to produce biomass quantity as much as 54.60 million tons per year which can be used as fodder for 12.13 million animal unit (AU of beef cattle, whereas currently there are only 3.06 million AU cattle in Sumatera and Kalimantan, so the opportunities for the addition of cattle in both islands are 9.07 million AU. The existing beef cattle population of 3.06 million AU has the potency to produce 6.1 million tons of organic fertilizer can be used to fertilize 3.0 million hectares, therefore the rest of 6.25 million hectares remain unfertilised. The prospect of bioindustries on integration system of cattle with oil palm plantations in Sumatera and Kalimantan is very potential to meet the needs of organic fertilizer for plants and to utilize oil palm biomass for cattle feed.

  10. 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....

  11. POSSIBILITIES AND LIMITS OF THE QUALITY INTEGRATED MANAGEMENT WITHIN THE ROMANIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Vasile MAZILESCU

    2006-01-01

    Full Text Available The authors of the paper try to identify the main approaches in the field of the Quality Integrated Management on the Romanian companies’ level, starting with the discussion about the theoretical frame of the topic. The paper speaks about the taylorist and Japanese systems as the most important backgrounds for thequality management improvement. The opportunities and the strong points are analyzed and the main hindrances are identified in order to offer a general view of the complexity of the quality system.

  12. Machine Selection in A Dairy Product Company with Entropy and SAW Method Integration

    Directory of Open Access Journals (Sweden)

    Aşkın Özdağoğlu

    2017-07-01

    Full Text Available Machine selection is an important and difficult process for the firms, and its results may generate more problems than anticipated. In order to find the best alternative, managers should define the requirements of the factory and determine the necessary criteria. On the other hand, the decision making criteria in order to choose the right equipment may vary according to the type of the manufacturing facility, market requirements, and consumer assigned criteria. This study aims to find the best machine alternative  among  the three machine offerings according to twelve evaluation criteria by integrating entropy method with SAW method.

  13. 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.

  14. 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

  15. Integrated process for the removal of emulsified oils from effluents in the steel industry

    Energy Technology Data Exchange (ETDEWEB)

    Benito, J.M.; Rios, G.; Gutierrez, B.; Pazos, C.; Coca, J.

    1999-11-01

    Emulsified oils contained in aqueous effluents from cold-rolling mills of the steel industry can be effectively removed via an integrated process consisting of a coagulation/flocculation stage followed by ultrafiltration of the resulting aqueous phase. The effects of CaCl{sub 2}, NaOH, and lime on the stability of different industrial effluents were studied in the coagulation experiments. The flocculants tested were inorganic prehydrolyzed aluminum salts and quaternary polyamines. Ultrafiltration of the aqueous phase from the coagulation/flocculation stage was carried out in a stirred cell using Amicon PM30 and XM300 organic membranes. Permeate fluxes were measured for industrial effluents to which the indicated coagulants and flocculants had been added. Oil concentrations in the permeate were 75% lower than the limits established by all European Union countries. Complete regeneration of the membrane was accomplished with an aqueous solution of a commercial detergent.

  16. Integral anomalous effect of an oil and gas deposit in a seismic wave field

    Energy Technology Data Exchange (ETDEWEB)

    Korostyshevskiy, M.B.; Nabokov, G.N.

    1981-01-01

    The basic precepts of an elaborated version of a procedure for forecasting (direct exploration) of oil and gas deposits according to seismic prospecting data MOV are examined. This procedure was previously called the procedure of analysis of the integral affect of an oil and gas deposit in a seismic wave field (MIIEZ-VP). The procedure is implemented in the form of an automated system ASOM-VP for the BESM-4 computer in a standard configuration equipped with standard input-output devices for seismic information (''Potok'', MVU, ''Atlas''). The entire procedure of processing from input of data into the computer to output of resulting maps and graphs on graph plotter ''Atlas'' is automated. Results of testing of procedure MIIEZ-VP and system ASOM-VP on drilled areas of Kazakhstan, Azerbaydzhan and Uzbekistan are cited.

  17. THE IMPACT OF THE BUSINESS AND ORGANIZATIONAL SIZE OF A COMPANY ALONG WITH GRI AND CSR ADOPTION ON INTEGRATING SUSTAINABILITY REPORTING PRACTICES

    Directory of Open Access Journals (Sweden)

    Tiron-Tudor Adriana

    2012-07-01

    Full Text Available This paper intends to investigate the correlation between the business and organizational size of companies as well as GRI and CSR practices adoption, and the level of sustainability disclosure. The correlation is highlighted through SPSS statistic analysis and determination of an econometric model between a dependent variable - sustainability information disclosure - and five independent ones- sales, number of employees, GRI and CSR policies and ultimately reporting period/year -. We use the Deloitte Sustainability Scorecard for measuring the sustainability reporting practices. Our sample comprises companies that adopted integrated reporting for the period 2009-2010. Sample selection was made on the basis that sustainability reports are incorporated within the integrated reports. We assume to obtain a high correlation between the business and organizational size of companies, GRI and/or CSR polities and the level of sustainability information disclosed in our integrated reports.

  18. 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.

  19. The strategic interaction between the government and international oil companies in the UK: An example of a country with dwindling hydrocarbon reserves

    International Nuclear Information System (INIS)

    Willigers, Bart J.A.; Hausken, Kjell

    2013-01-01

    The 2011 UK tax rise on hydrocarbon exploitation activities obviously increases short term tax revenues however the longer term effects are less clear. The strategic interaction between the UK government, a producer and a shipper has been analyzed in a game theoretical model. A complex interaction between players is expected given (1) dwindling resources and large decommissioning liabilities and (2) the fact that much of the hydrocarbons produced in the North Sea are exported through an infrastructure with shared ownership. The 2011 UK tax adjustment will most likely result in value destruction for the government, producers and shippers. Our analysis suggests that governments are unlikely to ultimately benefit from reducing their decommission liabilities at the expense of International Oil Companies. In countries with unstable tax regimes, such as the UK, International Oil Companies will adopt their strategies in anticipation of future tax changes. Their adopted strategy is a function of decommissioning liabilities and remaining reserves as well as whether they are producers, shippers or producers and shippers. The ultimate payoff of a government is a function of the remaining reserves and total decommissioning liabilities, but also depends on the distribution of these value metrics between producers and shippers. - Highlights: ► The 2011 UK hydrocarbon tax increase is likely to cause overall value destruction. ► Governments are unlikely to benefit from reducing their decommission liabilities. ► Differences in payoff functions of producers and shippers control the game. ► The distribution of reserves and decommissioning cost is a key factor in the game

  20. Surface integrity and part accuracy in reaming and tapping stainless steel with new vegetable based cutting oils

    DEFF Research Database (Denmark)

    Belluco, Walter; De Chiffre, Leonardo

    2002-01-01

    This paper presents an investigation on the effect of new formulations of vegetable oils on surface integrity and part accuracy in reaming and tapping operations with AISI 316L stainless steel. Surface integrity was assessed with measurements of roughness, microhardness, and using metallographic...... as part accuracy. Cutting fluids based on vegetable oils showed comparable or better performance than mineral oils. ÆÉ2002 Published by Elsevier Science Ltd....... techniques, while part accuracy was measured on a coordinate measuring machine. A widely diffused commercial mineral oil was used as reference for all measurements. Cutting fluid was found to have a significant effect on surface integrity and thickness of the strain hardened layer in the sub-surface, as well...

  1. 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)

  2. 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.

  3. Integration of Gas Enhanced Oil Recovery in Multiphase Fermentations for the Microbial Production of Fuels and Chemicals.

    Science.gov (United States)

    Pedraza-de la Cuesta, Susana; Keijzers, Lore; van der Wielen, Luuk A M; Cuellar, Maria C

    2018-04-01

    In multiphase fermentations where the product forms a second liquid phase or where solvents are added for product extraction, turbulent conditions disperse the oil phase as droplets. Surface-active components (SACs) present in the fermentation broth can stabilize the product droplets thus forming an emulsion. Breaking this emulsion increases process complexity and consequently the production cost. In previous works, it has been proposed to promote demulsification of oil/supernatant emulsions in an off-line batch bubble column operating at low gas flow rate. The aim of this study is to test the performance of this recovery method integrated to a fermentation, allowing for continuous removal of the oil phase. A 500 mL bubble column is successfully integrated with a 2 L reactor during 24 h without affecting cell growth or cell viability. However, higher levels of surfactants and emulsion stability are measured in the integrated system compared to a base case, reducing its capacity for oil recovery. This is related to release of SACs due to cellular stress when circulating through the recovery column. Therefore, it is concluded that the gas bubble-induced oil recovery method allows for oil separation and cell recycling without compromising fermentation performance; however, tuning of the column parameters considering increased levels of SACs due to cellular stress is required for improving oil recovery. © 2018 The Authors. Biotechnology Journal Published by Wiley-VCHVerlag GmbH & Co. KGaA, Weinheim.

  4. 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)

  5. Integrated assessment for establishing an oil environmental vulnerability map: case study for the Santos Basin region, Brazil.

    Science.gov (United States)

    Romero, A F; Abessa, D M S; Fontes, R F C; Silva, G H

    2013-09-15

    The growth of maritime transport and oil exploitation activities may increase the risk of oil spills. Thus, plans and actions to prevent or mitigate impacts are needed to minimize the effects caused by oil. However, tools used worldwide to support contingency plans have not been integrated, thus leading to failure in establishing priority areas. This investigation aimed to develop indices of environmental vulnerability to oil (IEVO), by combining information about environmental sensibility to oil and results of numerical modeling of spilled oil. To achieve that, a case study concerning to oil spills scenarios in a subtropical coastal area was designed, and IEVOs were calculated and presented in maps, in order to make the information about the areas' vulnerability more easily visualized. For summer, the extension of coastline potentially affected by oil was approximately 150 km, and most of the coastline presented medium to high vulnerability. For winter, 230 km coastline would be affected, from which 75% were classified as medium to high vulnerability. Thus, IEVO maps allowed a rapid and clearer interpretation of the vulnerability of the mapped region, facilitating the planning process and the actions in response to an oil spill. Copyright © 2013 Elsevier Ltd. All rights reserved.

  6. Propagation of uncertainty and sensitivity analysis in an integral oil-gas plume model

    KAUST Repository

    Wang, Shitao

    2016-05-27

    Polynomial Chaos expansions are used to analyze uncertainties in an integral oil-gas plume model simulating the Deepwater Horizon oil spill. The study focuses on six uncertain input parameters—two entrainment parameters, the gas to oil ratio, two parameters associated with the droplet-size distribution, and the flow rate—that impact the model\\'s estimates of the plume\\'s trap and peel heights, and of its various gas fluxes. The ranges of the uncertain inputs were determined by experimental data. Ensemble calculations were performed to construct polynomial chaos-based surrogates that describe the variations in the outputs due to variations in the uncertain inputs. The surrogates were then used to estimate reliably the statistics of the model outputs, and to perform an analysis of variance. Two experiments were performed to study the impacts of high and low flow rate uncertainties. The analysis shows that in the former case the flow rate is the largest contributor to output uncertainties, whereas in the latter case, with the uncertainty range constrained by aposteriori analyses, the flow rate\\'s contribution becomes negligible. The trap and peel heights uncertainties are then mainly due to uncertainties in the 95% percentile of the droplet size and in the entrainment parameters.

  7. Propagation of uncertainty and sensitivity analysis in an integral oil-gas plume model

    KAUST Repository

    Wang, Shitao; Iskandarani, Mohamed; Srinivasan, Ashwanth; Thacker, W. Carlisle; Winokur, Justin; Knio, Omar

    2016-01-01

    Polynomial Chaos expansions are used to analyze uncertainties in an integral oil-gas plume model simulating the Deepwater Horizon oil spill. The study focuses on six uncertain input parameters—two entrainment parameters, the gas to oil ratio, two parameters associated with the droplet-size distribution, and the flow rate—that impact the model's estimates of the plume's trap and peel heights, and of its various gas fluxes. The ranges of the uncertain inputs were determined by experimental data. Ensemble calculations were performed to construct polynomial chaos-based surrogates that describe the variations in the outputs due to variations in the uncertain inputs. The surrogates were then used to estimate reliably the statistics of the model outputs, and to perform an analysis of variance. Two experiments were performed to study the impacts of high and low flow rate uncertainties. The analysis shows that in the former case the flow rate is the largest contributor to output uncertainties, whereas in the latter case, with the uncertainty range constrained by aposteriori analyses, the flow rate's contribution becomes negligible. The trap and peel heights uncertainties are then mainly due to uncertainties in the 95% percentile of the droplet size and in the entrainment parameters.

  8. Biodiesel production process from microalgae oil by waste heat recovery and process integration.

    Science.gov (United States)

    Song, Chunfeng; Chen, Guanyi; Ji, Na; Liu, Qingling; Kansha, Yasuki; Tsutsumi, Atsushi

    2015-10-01

    In this work, the optimization of microalgae oil (MO) based biodiesel production process is carried out by waste heat recovery and process integration. The exergy analysis of each heat exchanger presented an efficient heat coupling between hot and cold streams, thus minimizing the total exergy destruction. Simulation results showed that the unit production cost of optimized process is 0.592$/L biodiesel, and approximately 0.172$/L biodiesel can be avoided by heat integration. Although the capital cost of the optimized biodiesel production process increased 32.5% and 23.5% compared to the reference cases, the operational cost can be reduced by approximately 22.5% and 41.6%. Copyright © 2015 Elsevier Ltd. All rights reserved.

  9. The Integration of Remote-Sensing Detection Techniques into the Operational Decision-Making of Marine Oil Spills

    Science.gov (United States)

    Garron, J.; Trainor, S.

    2017-12-01

    Remotely-sensed data collected from satellites, airplanes and unmanned aerial systems can be used in marine oil spills to identify the overall footprint, estimate fate and transport, and to identify resources at risk. Mandates for the use of best available technology exists for addressing marine oil spills under the jurisdiction of the USCG (33 CFR 155.1050), though clear pathways to familiarization of these technologies during a marine oil spill, or more importantly, between marine oil spills, does not. Similarly, remote-sensing scientists continue to experiment with highly tuned oil detection, fate and transport techniques that can benefit decision-making during a marine oil spill response, but the process of translating these prototypical tools to operational information remains undefined, leading most researchers to describe the "potential" of these new tools in an operational setting rather than their actual use, and decision-makers relying on traditional field observational methods. Arctic marine oil spills are no different in their mandates and the remote-sensing research undertaken, but are unique via the dark, cold, remote, infrastructure-free environment in which they can occur. These conditions increase the reliance of decision-makers in an Arctic oil spill on remotely-sensed data and tools for their manipulation. In the absence of another large-scale oil spill in the US, and limited literature on the subject, this study was undertaken to understand how remotely-sensed data and tools are being used in the Incident Command System of a marine oil spill now, with an emphasis on Arctic implementation. Interviews, oil spill scenario/drill observations and marine oil spill after action reports were collected and analyzed to determine the current state of remote-sensing data use for decision-making during a marine oil spill, and to define a set of recommendations for the process of integrating new remote-sensing tools and information in future oil spill

  10. Oils

    Energy Technology Data Exchange (ETDEWEB)

    Fabbri, S

    1909-11-29

    Mineral, shale, and like oils are treated successively with sulfuric acid, milk of lime, and a mixture of calcium oxide, sodium chloride, and water, and finally a solution of naphthalene in toluene is added. The product is suitable for lighting, and for use as a motor fuel; for the latter purpose, it is mixed with a light spirit.

  11. 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)

  12. Is Swedish district heating operating on an integrated market? – Differences in pricing, price convergence, and marketing strategy between public and private district heating companies

    International Nuclear Information System (INIS)

    Åberg, M.; Fälting, L.; Forssell, A.

    2016-01-01

    The deregulation of the Swedish electricity market in 1996 made it possible to operate municipal district heating commercially. Until that time district heating had been organized mainly as municipal utilities. After 1996 district heating is instead expected to function on a market. In competitive and integrated markets, prices are expected to be equal, or converging. To find out if district heating operates on an integrated market the differences in price levels, price convergence, price strategy, and business goals, among municipal, private and state owned district heating companies are investigated. Price statistics was used along with results from a questionnaire that was answered by representatives for 109 Swedish district heating companies. The results show that prices among district heating systems do not converge significantly and that variations in prices among municipal systems are larger than among private and state owned systems. Furthermore, despite the fact that district heating is supposed to be commercial, a vast majority of district heating companies apply cost-based pricing and not market pricing. The municipal companies give priority to political goals before financial goals. The conclusion is that a Swedish integrated market for heat has not yet evolved, and some district heating price-controlling mechanism is necessary. - Highlights: • Price statistics and owner type data were used along with results from a questionnaire. • Results show that prices among district heating systems do not converge. • Municipal district heating companies still apply cost-based pricing to a large extent. • District heating companies are not operating on an integrated market for heat. • Some price-controlling mechanism for district heating is necessary.

  13. Introduction: Company Tax Integration in the European Union – A Necessary Step to Neutralise ‘Excessive’ Behaviour within the EU?

    NARCIS (Netherlands)

    A.C.G.A.C. de Graaf (Arnaud); K. Heine (Klaus)

    2014-01-01

    markdownabstract__Abstract__ This special issue of the Erasmus Law Review is the result of an interdisciplinary workshop on ‘Company Tax Integration in the European Union – a Necessary Step to Neutralise “Excessive” Behaviour within the EU?’, held at the Erasmus School of Law in June

  14. Internationalization strategies of emerging market-based multinationals: integration of Indian ICT-ITES companies on the Dutch service outsourcing market

    NARCIS (Netherlands)

    Beerepoot, N.; Roodheuvel, I.

    2016-01-01

    This paper examines the entry of Indian information and communication technology-information technology-enabled services (ICT-ITES) companies on the Dutch service outsourcing market. Using this case study, the paper integrates two academic debates: the rise of emerging country-based multinationals

  15. Production of gasoline fraction from bio-oil under atmospheric conditions by an integrated catalytic transformation process

    International Nuclear Information System (INIS)

    Zhang, Zhaoxia; Bi, Peiyan; Jiang, Peiwen; Fan, Minghui; Deng, Shumei; Zhai, Qi; Li, Quanxin

    2015-01-01

    This work aimed to develop an integrated process for production of gasoline fraction bio-fuels from bio-oil under atmospheric conditions. This novel transformation process included the catalytic cracking of bio-oil to light olefins and the subsequent synthesis of liquid hydrocarbon bio-fuels from light olefins with two reactors in series. The yield of bio-fuel was up to 193.8 g/(kg bio-oil) along with a very low oxygen content, high RONs (research octane numbers), high LHVs (lower heating values) and low benzene content under the optimizing reaction conditions. Coke deposition seems to be the main cause of catalyst deactivation in view of the fact that the deactivated catalysts was almost recovered by on-line treating the used catalyst with oxygen. The integrated transformation potentially provides a useful way for the development of gasoline range hydrocarbon fuels using renewable lignocellulose biomass. - Graphical abstract: An integrated process for production of gasoline fraction bio-fuels from bio-oil through the catalytic cracking of bio-oil to light olefins followed by the synthesis of liquid hydrocarbon bio-fuels from light olefins in series. - Highlights: • A new route for production of gasoline-range bio-fuels from bio-oil was achieved. • The process was an integrated catalytic transformation at atmospheric pressure. • Bio-oil is converted into light olefins and then converted to biofuel in series. • C_6–C_1_0 bio-fuels derived from bio-oil had high RONs and LHVs.

  16. Revealing the properties of oils from their dissolved hydrocarbon compounds in water with an integrated sensor array system.

    Science.gov (United States)

    Qi, Xiubin; Crooke, Emma; Ross, Andrew; Bastow, Trevor P; Stalvies, Charlotte

    2011-09-21

    This paper presents a system and method developed to identify a source oil's characteristic properties by testing the oil's dissolved components in water. Through close examination of the oil dissolution process in water, we hypothesise that when oil is in contact with water, the resulting oil-water extract, a complex hydrocarbon mixture, carries the signature property information of the parent oil. If the dominating differences in compositions between such extracts of different oils can be identified, this information could guide the selection of various sensors, capable of capturing such chemical variations. When used as an array, such a sensor system can be used to determine parent oil information from the oil-water extract. To test this hypothesis, 22 oils' water extracts were prepared and selected dominant hydrocarbons analyzed with Gas Chromatography-Mass Spectrometry (GC-MS); the subsequent Principal Component Analysis (PCA) indicates that the major difference between the extract solutions is the relative concentration between the volatile mono-aromatics and fluorescent polyaromatics. An integrated sensor array system that is composed of 3 volatile hydrocarbon sensors and 2 polyaromatic hydrocarbon sensors was built accordingly to capture the major and subtle differences of these extracts. It was tested by exposure to a total of 110 water extract solutions diluted from the 22 extracts. The sensor response data collected from the testing were processed with two multivariate analysis tools to reveal information retained in the response patterns of the arrayed sensors: by conducting PCA, we were able to demonstrate the ability to qualitatively identify and distinguish different oil samples from their sensor array response patterns. When a supervised PCA, Linear Discriminate Analysis (LDA), was applied, even quantitative classification can be achieved: the multivariate model generated from the LDA achieved 89.7% of successful classification of the type of the

  17. 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.  

  18. 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.

  19. Development of a practical methodology for integrating shoreline oil-holding capacity into modeling

    International Nuclear Information System (INIS)

    Schmidt Etkin, D.; French-McCay, D.; Rowe, J.; Michel, J.; Boufadel, M.; Li, H.

    2008-01-01

    The factors that influence the behaviour of oil in the aftermath of an oil spill on water include oil type and characteristics; oil thickness on the shoreline; time until shoreline impact; timing with regards to tides; weathering during and after the spill; and nearshore wave energy. The oil behaviour also depends on the shoreline characteristics, particularly porosity and permeability. The interactions of spilled oil with sediments on beaches must be well understood in order to model the oil spill trajectory, fate and risk. The movement of oil can be most accurately simulated if the algorithm incorporates an estimate of shoreline oil retention. This paper presented a literature review of relevant shoreline oiling studies and considered the relevance of study findings for inclusion in modelling. Survey data from a detailed shoreline cleanup assessment team (SCAT) were analyzed for patterns in oil penetration and oil-holding capacity by shoreline sediment type and oil type for potential use in modelling algorithms. A theoretical beach hydraulics model was then developed for use in a stochastic spill model. Gaps in information were identified, including the manner in which wave action and other environmental variables have an impact on the dynamic processes involved in shoreline oiling. The methodology presented in this paper can be used to estimate the amount of oil held by a shoreline upon impact to allow a trajectory model to more accurately project the total spread of oil. 27 refs., 13 tabs., 3 figs

  20. NORM remediation project of Der Ezzor Petroleum Company (DEZPC) oil fields in Der Ezzor area, Syrian Arab Republic: Determination of NORM contaminated soil volumes

    International Nuclear Information System (INIS)

    Al-Masri, M. S.; Aba, A.; Hamwi, A.; Hassan, M.

    2002-04-01

    DEZP Company has used to collect product water, scale and sludge in artificial pits. Run-off channel had been created to allow water to run-off into the desert. A radioactive contamination by NORM in DEZP oil fields (JAFRA) has occurred and quite significant area of land has been affected. As a part of the remediation project the volume of contaminated soil with NORM according to the Syrian criteria for clean up and disposal has been determined. Surface and core soil samples were collected from the contaminated areas and analyzed for 226 Ra. The results have shown that contamination has reached a depth of more than one meter in the surface water pit. The estimated contaminated soil that needs disposal according to the Syrian criteria was calculated and found to be about 3161 m 3 . Most of the contaminated soil was found to be in the surface water pit. In addition, the contamination in the mud pit and the run-off channel was rather small and could be treated on site. However, the obtained results can be used for preparation of the remediation plan where size of the disposal pit and on site treatment is defined. The plan should be submitted to the Syrian Regulatory Office for review and approval to initiation of the remediation work (author)

  1. Oils

    Energy Technology Data Exchange (ETDEWEB)

    Cobbett, G T.B.

    1907-07-08

    Crude petroleum having a density of 850 to 900 is purified with sulfuric acid, decanted, mixed with benzine or petrol, and again treated with sulfuric acid and decanted. The remaining acid and coloring-matter are removed by washing with water, or treating with oxalic acid, zinc carbonate, lead carbonate, calcium carbonate, or oxide of zinc. The product is used as a fuel for internal-combustion engines. Specifications No. 28,104, A.D. 1906, and No. 12,606, A.D. 1907, are referred to. According to the Provisional Specification, the process is applicable to shale or schist oil.

  2. 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.

  3. Exergy analysis of integrated waste management in the recovery and recycling of used cooking oils.

    Science.gov (United States)

    Talens Peiró, Laura; Villalba Méndez, Gara; Gabarrell i Durany, Xavier

    2008-07-01

    Used cooking oil (UCO) is a domestic waste generated daily by food industries, restaurants, and households. It is estimated that in Europe 5 kg of UCO are generated per inhabitant, totalling 2.5 million metric tons per year. Recovering UCO for the production of biodiesel offers a way of minimizing and avoiding this waste and related pollution. An exergy analysis of the integrated waste management (IWM) scheme for UCO is used to evaluate such a possibility by accounting for inputs and outputs in each stage, calculating the exergy loss and the resource input and quantifying the possible improvements. The IWM includes the collection, pretreatment, and delivery of UCO and the production of biodiesel. The results show that the greatest exergy loss occurs during the transport stages (57%). Such exergy loss can be minimized to 20% by exploiting the full capacity of collecting vans and using biodiesel in the transport stages. Further, the cumulative exergy consumption helps study how the exergy consumption of biodiesel can be further reduced by using methanol obtained from biogas in the transesterification stage. Finally, the paper discusses how increasing the collection of UCO helps minimize uncontrolled used oil disposal and consequently provides a sustainable process for biodiesel production.

  4. Implementation of an integrity management program in a crude oil pipeline system

    Energy Technology Data Exchange (ETDEWEB)

    Martinez, Maria; Tomasella, Marcelo [Oleoductos del Valle, General Roca (Argentina); Rossi, Juan; Pellicano, Adolfo [SINTEC S.A. , Mar del Plata, Buenos Aires (Argentina)

    2005-07-01

    The implementation of an Integrity Management Program (IMP) in a crude oil pipeline system is focused on the accomplishment of two primary corporative objectives: to increase safety operation margins and to optimize available resources. A proactive work philosophy ensures the safe and reliable operation of the pipeline in accordance with current legislation. The Integrity Management Program is accomplished by means of an interdisciplinary team that defines the strategic objectives that complement and are compatible with the corporative strategic business plan. The implementation of the program is based on the analysis of the risks due to external corrosion, third party damage, design and operations, and the definition of appropriate mitigation, inspection and monitoring actions, which will ensure long-term integrity of the assets. By means of a statistical propagation model of the external defects, reported by high-resolution magnetic inspection tool (MFL), together with the information provided by corrosion sensors, field repair interventions, close internal surveys and operation data, projected defect depth; remaining strength and failure probability distributions were obtained. From the analysis, feasible courses of action were established, including the inspection and repair plan, the internal inspection program and both corrosion monitoring and mitigation programs. (author)

  5. Oil and gas platforms with steam bottoming cycles: System integration and thermoenvironomic evaluation

    DEFF Research Database (Denmark)

    Nguyen, Tuong-Van; Tock, Laurence; Breuhaus, Peter

    2014-01-01

    The integration of steam bottoming cycles on oil and gas platforms is currently regarded as the most promising option for improving the performance of these energy-intensive systems. In this paper, a North Sea platform is taken as case study, and a systematic analysis of its energy requirements...... cooling utility, and (iv) the weight limitations on the platform are quantitatively assessed. The results illustrate the benefits of converting the gas turbine process into a combined cycle, since the fuel gas consumption and the total CO2-emissions can be reduced by more than 15 %. Using the cooling...... water from the processing plant reveals to be more profitable than using seawater, as the additional pumping power outweighs the benefit of using a cooling medium at a temperature of about 8 °C lower. This study highlights thereby the importance of analysing energy savings and recovery options...

  6. The recent activities of nuclear power globalization. Our provision against global warming by global deployment of our own technologies as integrated nuclear power plant supply company'

    International Nuclear Information System (INIS)

    Yamauchi, Kiyoshi; Suzuki, Shigemitsu

    2008-01-01

    Mitsubishi Heavy Industries, Ltd. (MHI) is striving to expand and spread nuclear power plants as an 'Integrated Nuclear Power Plant Supply Company' based on its engineering, manufacturing, and technological support capabilities. The company also has ample experience in the export of major components. MHI is accelerating its global deployment through the market introduction of large-sized strategic reactor US-APWR, the joint development of a mid-sized strategic reactor ATMEA1 with AREVA, and a small strategic reactor PBMR. The company also plans to internationally deploy technologies for the nuclear fuel cycle. We present here the leading-edge trends in the global deployment of these nuclear businesses, all of which help to solve the energy and environmental issues in the world. (author)

  7. Alternative energy sources or integrated alternative energy systems? Oil as a modern lance of Peleus for the energy transition

    International Nuclear Information System (INIS)

    Szklo, Alexandre; Schaeffer, Roberto

    2006-01-01

    In this viewpoint, we discuss the importance of consorting alternative energy sources with oil, and not of opposing them. That is why we introduce the concept of alternative energy systems, which we feel is broader-ranging and more effective than alternative energy sources, as this deals with the actual transformation process of the global energy system. Alternative energy systems integrate oil with other energy sources and pave the way for new systems, which will benefit from what we call the 'virtues of oil'. They produce energy carriers for multi-fuel and multi-product strategies, where flexibility is a key target, allied to other co-benefits, especially those related to the increased use of renewable energy sources. The concept of alternative energy systems can bring a new light to the oil transition era discussion and might also influence energy policies for promoting renewables

  8. Structural changes, market concentration and vertical integration: would they lead to more stable markets

    International Nuclear Information System (INIS)

    Tahmassebi, H.

    1991-01-01

    This communication is concerned with three major developments that are likely to have significant impact on the future structure of world oil markets: oil company mergers and acquisitions, shift of exploration and production activity from the United States to overseas, and joint venture agreements between producing countries and oil companies aimed at further downstream integration by OPEC. The last two developments are likely to contribute substantially to price and market stability in the future

  9. Structural changes, market concentration and vertical integration: would they lead to more stable markets

    Energy Technology Data Exchange (ETDEWEB)

    Tahmassebi, H.

    This communication is concerned with three major developments that are likely to have significant impact on the future structure of world oil markets: oil company mergers and acquisitions, shift of exploration and production activity from the United States to overseas, and joint venture agreements between producing countries and oil companies aimed at further downstream integration by OPEC. The last two developments are likely to contribute substantially to price and market stability in the future.

  10. Thermodynamics investigation of a solar power system integrated oil and molten salt as heat transfer fluids

    International Nuclear Information System (INIS)

    Liu, Qibin; Bai, Zhang; Sun, Jie; Yan, Yuejun; Gao, Zhichao; Jin, Hongguang

    2016-01-01

    Highlights: • A new concentrating solar power system with a dual-solar field is proposed. • The superheated steam with more than 773 K is produced. • The performances of the proposed system are demonstrated. • The economic feasibility of the proposed system is validated. - Abstract: In this paper, a new parabolic trough solar power system that incorporates a dual-solar field with oil and molten salt as heat transfer fluids (HTFs) is proposed to effectively utilize the solar energy. The oil is chosen as a HTF in the low temperature solar field to heat the feeding water, and the high temperature solar field uses molten salt to superheat the steam that the temperature is higher than 773 K. The produced superheated steam enters a steam turbine to generate power. Energy analysis and exergy analysis of the system are implemented to evaluate the feasibility of the proposed system. Under considerations of variations of solar irradiation, the on-design and off-design thermodynamic performances of the system and the characteristics are investigated. The annual average solar-to-electric efficiency and the nominal efficiency under the given condition for the proposed solar thermal power generation system reach to 15.86% and 22.80%, which are higher than the reference system with a single HTF. The exergy losses within the solar heat transfer process of the proposed system are reduced by 7.8% and 45.23% compared with the solar power thermal systems using oil and molten salt as HTFs, respectively. The integrated approach with oil and molten salt as HTFs can make full use of the different physical properties of the HTFs, and optimize the heat transfer process between the HTFs and the water/steam. The exergy loss in the water evaporation and superheated process are reduced, the system efficiency and the economic performance are improved. The research findings provide a new approach for the improvement of the performances of solar thermal power plants.

  11. 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

  12. Integrating dynamic fuzzy C-means, data envelopment analysis and artificial neural network to online prediction performance of companies in stock exchange

    Science.gov (United States)

    Jahangoshai Rezaee, Mustafa; Jozmaleki, Mehrdad; Valipour, Mahsa

    2018-01-01

    One of the main features to invest in stock exchange companies is their financial performance. On the other hand, conventional evaluation methods such as data envelopment analysis are not only a retrospective process, but are also a process, which are incomplete and ineffective approaches to evaluate the companies in the future. To remove this problem, it is required to plan an expert system for evaluating organizations when the online data are received from stock exchange market. This paper deals with an approach for predicting the online financial performance of companies when data are received in different time's intervals. The proposed approach is based on integrating fuzzy C-means (FCM), data envelopment analysis (DEA) and artificial neural network (ANN). The classical FCM method is unable to update the number of clusters and their members when the data are changed or the new data are received. Hence, this method is developed in order to make dynamic features for the number of clusters and clusters members in classical FCM. Then, DEA is used to evaluate DMUs by using financial ratios to provide targets in neural network. Finally, the designed network is trained and prepared for predicting companies' future performance. The data on Tehran Stock Market companies for six consecutive years (2007-2012) are used to show the abilities of the proposed approach.

  13. Work for the improvement of the contractual operations of the cooperative sector with the integral company and of tobacco of Pinar del Rio. The environmental dimension

    Directory of Open Access Journals (Sweden)

    Angie Fernández Lorenzo

    2013-12-01

    Full Text Available The present article approaches the related to different actions for the improvement of the contractual operations of the Cooperative Sector with the Integral Company and of Tobacco of Pinar del Río, incorporating the environmental dimension, the same one will allow to be solutions and answers to those problems that it presents the Cooperative Sector with the state company in this matter.  In the investigation the theoretical foundations were approached on the contractual operations, the cooperative sector in Cuba, as well as the relationships - cooperative.  He was carried out a diagnosis of the current situation of the contractual operations of the cooperative sector belonging to the Integral Company and of Tobacco Pinar del Rio, as well as the characterization of this state company, besides analyzing the base legislative of the contracts opening the way to the presented proposal.     The implementation of the proposed plan of actions had great importance since it contributes to the obtaining of positive results of the administration of the commercialization, whenever the delivery is guaranteed in date of the hired production, as well as the quality of the same one and with the required quantity.

  14. Integral biostimulation of soil polluted by 60000 ppm of motor waste oil

    Directory of Open Access Journals (Sweden)

    Saucedo-Martínez Blanca Celeste

    2017-08-01

    Full Text Available Waste motor oil (WMO is a mixture of hydrocarbons (HICO soil pollutants. An alternative solution for its elimination is the biostimulation (BIS, secuancial, complementary and accumulative or integral which requires at first BIS by detergents to emulsify WMO, the second one following by enrichment by mineral solution, H2O2 as a O2 source for oxidation of WMO and controlling moisture soil content at 80% field capacity for exchange gases in soil to stimulate WMO mineralization The aim of the work was: i analyze in the integral BIS of contaminated soil by 60000 ppm of WMO. The first BIS was applying detergents to emulsify the WMO, the second BIS by mineral solution, then by H2O2, under humidity control at 80% of field capacity, for the best oxidation of WMO. Additionally bacterial population oxidant WMO was meas-ured, to select those which synthetized detergent related to WMO degradation, finally the type of bacteria were molecular identify. Results showed than integral BIS by an anionic / nonionic detergent, then en-richment with mineral solution, and 0.5% H2O2, reduced WMO from 60000 ppm to 27200 ppm in 23 days. Density of bacterial WMO oxidant population was 268 X 106 CFU/g dry soil, from which the domi-nant ones were selected and identified 47 bacterial genera divided into: Actinomycetes, Firmicutes and Proteobacteria. These results showed that soil pollution by high concentration level of WMO demanded at integrated BIS, also was found some bacterial genus which synthetized detergent with potential used in soil polluted by WMO.

  15. Design and Integration for Biodiesel Production from Vegetable Oil via Transesterification Reaction

    Directory of Open Access Journals (Sweden)

    F Abbaspour Aghdam

    2018-03-01

    Full Text Available Introduction Biodiesel is Fatty Acid Methyl Esters (FAME which is used as a renewable fuel in diesel engines. Extraction of lipid from various flora sources, including Sunflower, Palm, Canola or animal oils, with a Trans-Esterification reaction between alcohol and Triglyceride (TG, leads to production of Biodiesel and Glycerin. The production cost of biodiesel is so important that is now considered as the greatest obstacle during scale-up process. In this research, a model-type of biodiesel production unit (using vegetable oil source, was designed by Aspen HYSYS V7.2 software, then a great deal of the attempt was employed to optimize the overall yield against the processing parameters including: mass and energy consumption load, as well as some technical discussion regarding associated apparatuses. Materials and Methods Process Design The simulation was carried out using Aspen HYSYS V7.2 employing Triolein (as TG, Oleic acid (as Free Fatty Acid (FFA, and Oleat as biodiesel. Avoiding side-stream reactions as well as trans-esterification, the FFA content was taken to a mere 0.05% (%mass. Feed stream was considered as product of NaOH-catalyzed bi-reactor system operating at 60˚C and 1 atm with the overall conversion of 70% using two series reactors. The ratio of TG to Alcohol is 1:3, however, owing to establish an appropriate reactor performance; this ratio was applied as 1:6 practically. The design was mainly intended to produce 480 m3d-1 biodiesel with mass concentration of 99.65%. Methanol was used in this investigation due to low cost, accessibility and handling considerations. NRTL was taken as the Equation of State (EOS for the process and should be used PRSV equation in the decanter. Thermal Integration Energy consumption was taken into account as basis of optimization in this study. Table 2 demonstrates the thermal characteristics of all streams consist of source and down-streams, while outlet stream like glycerol streams were neglected to

  16. Measuring resilience in integrated planning

    DEFF Research Database (Denmark)

    Apneseth, K.; Wahl, A. M.; Hollnagel, E.

    2013-01-01

    This chapter demonstrates how a Resilience Analysis Grid (RAG) can be used to profile the performance of a company in terms of the four abilities that characterize a resilient organization. It describes the development of a new, RAG-based tool founded on Resilience Engineering principles that can...... be used to assess an organization's resilience. The tool was tested in a case study involving a company in the offshore oil and gas industry. The company had decided to adopt an Integrated Operations (IO) approach to operations and maintenance planning and the tool was used to evaluate the impact...... of the Integrated Planning (IPL) process on its resilience....

  17. 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

  18. The European Community and crisis adaptation: The impact of the 1973 oil crisis on European integration

    International Nuclear Information System (INIS)

    Mahurin, R.P.

    1991-01-01

    This study investigates relationships that emerged between European Economic Community and Arab League nations during the period 1970-1978, with special attention to the period immediately following the October 1973 Arab-Israeli war and the Arab oil embargo of 1973-74. The central argument is that European integration can be measured and understood from three different levels of analysis: not only the systems or supranational level (to which neofunctionalists and federalists have largely confined their investigations), but from the nation-state and the subnational levels also. This view is justified in the context of complex interdependencies in the work of Joseph Nye and Robert Keohane. From this perspective, nation-state and subnational-level data take on a new importance. This study collected data on the nature, level, and intensity of contracts between actors within each of these three levels. The study finds at all these levels strong evidence of increased collective and convergent activity which, in the context of complex interdependencies, points to a complex but clearly advancing process of European integration during the period under investigation

  19. The European Community and crisis adaptation: The impact of the 1973 oil crisis on European integration

    Energy Technology Data Exchange (ETDEWEB)

    Mahurin, R.P.

    1991-01-01

    This study investigates relationships that emerged between European Economic Community and Arab League nations during the period 1970-1978, with special attention to the period immediately following the October 1973 Arab-Israeli war and the Arab oil embargo of 1973-74. The central argument is that European integration can be measured and understood from three different levels of analysis: not only the systems or supranational level (to which neofunctionalists and federalists have largely confined their investigations), but from the nation-state and the subnational levels also. This view is justified in the context of complex interdependencies in the work of Joseph Nye and Robert Keohane. From this perspective, nation-state and subnational-level data take on a new importance. This study collected data on the nature, level, and intensity of contracts between actors within each of these three levels. The study finds at all these levels strong evidence of increased collective and convergent activity which, in the context of complex interdependencies, points to a complex but clearly advancing process of European integration during the period under investigation.

  20. The Effect of Intellectual Capital on A Company's Performance Moderated by ITS Governance and IT Strategy Integration Employed By Bank Listed in Indonesian Stock Exchange

    Directory of Open Access Journals (Sweden)

    Dodi Wirawan Irawanto

    2017-10-01

    Full Text Available This study investigates whether IT integration and company governance can affect the relationship between intellectual capital and company performance in the Indonesian banking sector. That could happen, as there are ever tighter and more numerous competitiveness levels in the banking sector, especially in the field of information technology (IT and the support given by the top management. This study employs data from 33 banking companies listed on the ISE (Indonesian Stock Exchange in 2013–2014. The testing was done on the elements of VAICTM (VACA, VAHU, STVA, moderated by IT strategy integration (ITSI and corporate governance (DK using the measurement of financial performance (ROA. The findings obtained show that VAHU has a positive effect on financial performance. If the VAICTM element were moderated by ITSI, then a well-integrated IT strategy would weaken the relationship between VACA and banking performance. The limitations of this study lie in the period of the data used, which is limited to 2013–2014, and in that the component used for testing was done in isolation. 

  1. Canada's oil sands: nuclear power in an integrated energy economy

    Energy Technology Data Exchange (ETDEWEB)

    Isaacs, E. [Alberta Energy Research Inst., Calgary, Alberta (Canada)

    2008-07-01

    This paper discusses the role of nuclear power in Canada's oil sands industry. It outlines the oil sands resource in Alberta and the various industrial projects to recover the oil from the tar sands. It points to continuing innovation in technology since the 1930's. The hydrogen required for upgrading bitumen is made from natural gas. Finally, it discusses the next wave of oil sands production technologies.

  2. 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)

  3. 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

  4. Thermo-Economic Modelling and Process Integration of CO2-Mitigation Options on Oil and Gas Platforms

    DEFF Research Database (Denmark)

    Nguyen, Tuong-Van; Tock, Laurence; Breuhaus, Peter

    2014-01-01

    recovering CO2 that can be used for enhanced oil recovery. In this paper, a North Sea platform is considered as case study, and the site-scale retrofit integration of these three options is analysed, considering thermodynamic, economic and environmental performance indicators. The results illustrate......The offshore extraction of oil and gas is an energy-intensive process associated with large CO2 and CH4 emissions to the atmosphere and chemicals to the sea. The taxation of these emissions has encouraged the development of more energy-efficient and environmental-friendly solutions, of which three...

  5. Integration of Strategic Management, Governance and Risk Management: Impact of the Crisis of 2008 in Two Companies of Food

    Directory of Open Access Journals (Sweden)

    Antonio Francisco de Almeida da Silva Junior

    2013-12-01

    Full Text Available During the crisis of 2008, several Brazilian companies have accumulated losses that worth billions, as the result of a high foreign exchange rate exposure and failures in risk management and Corporate Governance. The aim of this research is to identify the strategic factors that contributed to two very similar companies to follow different paths in the financial crisis of 2008. To better understanding the subject, it was made a brief analysis of the foundations of the Corporate Governance, the requirements listed by BM&FBOVESPA and the principles of the financial risk management. The research identified that the practice of risk management is crucial in implementing best practices of corporate governance and that despite numerous initiatives of various institutions and regulators in establishing self-regulatory mechanisms to ensure the use of these practices, there are still flaws able to allow companies previously considered solid incurring in strategies that may jeopardize its existence.

  6. Evaluation and prediction of oil biodegradation: a novel approach integrating geochemical and basin modeling techniques in offshore Brazil

    Energy Technology Data Exchange (ETDEWEB)

    Baudino, Roger [YPF S.A. (Argentina); Santos, Glauce Figueiredo dos; Losilla, Carlos; Cabrera, Ricardo; Loncarich, Ariel; Gavarrino, Alejandro [RepsolYPF do Brasil, Sao Paulo, SP (Brazil)

    2008-07-01

    Oil fields accounting for a large portion of the world reserves are severely affected by biological degradation. In Brazil, giant fields of the Campos Basin are producing biodegraded oils with widely variable fluid characteristics (10 to 40 deg API) and no apparent logical distribution nor predictability. Modern geochemical techniques allow defining the level of biodegradation. When original (non-degraded) oil samples and other with varying degradation level are available it might be possible to define a distribution trend and to relate it to present day geological factors such as temperature and reservoir geometry. However, other critical factors must be taken into account. But most of all, it is fundamental to have a vision in time of their evolution. This can only be achieved through 3D Basin Models coupled with modern visualization tools. The multi-disciplinary work-flow described here integrates three-dimensional numerical simulations with modern geochemical analyses. (author)

  7. Integral centrifuges for olive oil extraction, at the third millenium threshold. Transformation yields

    Directory of Open Access Journals (Sweden)

    Ranalli, Alfonso

    1995-10-01

    Full Text Available A new-two, phase "decanter" (able to centrifuge the oily pastes without previous addition of hot water was compared with a three-phase one, processing homogeneous lots of three olive varieties (Coratina, Nebbio and Grossa di Cassano at an industrial level. The results showed that the integral centrifuge frequently yielded higher oil outputs. Furthermore, as the vegetation water was not separated from the husk, the amount liquid effluent produced was much lower (about 10 Kg/q olives, on average. This goes towards solving the age-old and very difficult problems connected with the production of this highly polluting outflow. However, the olive cake obtained semi-liquid (with about 55-60% of moisture, making the industrial recovery of the residual oil difficult and expensive. Furthermore, the solid by-product was characterized by higher percentage values of the oil amount, higher values of the pulp/stone ratio, as well as the greater weight produced. The effluent produced in small quantities, besides being more concentrated and thus richer in fat, dry residue, phenols and o-diphenols. The COD and turbidity values were also higher. Finally, as will be referred to in detail in the second part of this work, the oils obtained were of a far higher quality, mainly for their lower oxidizability and better organoleptic characteristic, so that they are wholly comparable to those extracted by pressing or filtering. In addition, the significant reduction of processing costs, as well as the lower consumption of hot water and electrical energy, must also be emphasized.

    El nuevo "decanter", a dos fases (capaz de centrifugar la pasta oleosa sin la dilución previa con agua caliente ha sido confrontado con el de a tres fases, elaborando, a nivel industrial, partidas homogéneas de tres variedades de aceitunas (Coratina, Nebbio y Grossa di Cassano. Los resultados de investigación han puesto de manifiesto que las centrifugadoras integrales permiten obtener

  8. Strategic analysis of the performance of companies trading pharmaceutical products in the Republic of Serbia: As a integrated system of indicators

    Directory of Open Access Journals (Sweden)

    Čavlin Miroslav S.

    2015-01-01

    Full Text Available Modern approach to strategic analysis is based on the usage of appropriate systems of indicators, economic and financial, that especially stand out, recommending certain models that are discussed in this paper. In addition to the limitations of the availability of data for a specific analysis which is the subject of this paper, attention is focused on the presentation of the method of 'Force Five' pESTLE. This method has been applied for external analysis of the strategic plan as well as a comparative method of analysis of the financial performance of the related activities of the company, as a core internal resource analysis and management of the companies in the business of trading pharmaceutical products in the Republic of Serbia. In the presented analysis we have indicated the possibility of using an integrative internal and external analysis that produced the financial and non-financial information in order to understand the strategic position of the company. Such an integral concept analysis (strategic and operational creates a unique information and objective basis for the relevant assessment of growth and development and competitive capacity of enterprises.

  9. Oil market outlook

    International Nuclear Information System (INIS)

    Starling, Philip

    1997-01-01

    The role of the International Energy Agency's (IEA) ''OiMarket Report'' is described in terms of its response to and support for oil companies seeking to monitor short-term global oil market developments. The document is increasingly used for reference both by industry and governments. Data is compiled from oil companies, consultants, and government, and OECD countries provide supply/demand oil balance data by product grade on a monthly basic. (UK)

  10. 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

  11. New round for oil

    International Nuclear Information System (INIS)

    Delamarche, Myrtille

    2018-01-01

    After three years of crisis, oil companies are now strongly reinvesting, while oil prices are stabilizing at a reasonable long-term level, notably due to a rising demand from developing countries. Examples of new investments made by majors such as Total, Shell or Exxon but also by national companies and junior companies, are given. Oil price evolution as well as cost reductions (thanks notably to the digitalisation of the sector, leading to a decrease in exploration costs) are analyzed. The importance of the US oil production, and particularly shale oil production, is pinpointed

  12. Rehabilitation of Sao Sebastiao-Cubatao oil pipeline: integrated planning and action - key for project success

    Energy Technology Data Exchange (ETDEWEB)

    Serodio, Conrado J.M. [GDK S.A., Salvador, BA (Brazil)

    2009-12-19

    The execution of the OSBAT 24{sup o}il pipeline rehabilitation project, comprising the substitution of a 30 km section of the 37 years old pipeline has become a real benchmark in the history of this kind of job. The pipeline is inserted in one of the most sensitive environmental areas of the Sao Paulo State - the last Environmental Protection Area of the Mata Atlantica . The growth of human presence in its surroundings during the last three decades, has caused the right-of-way to be totally confined by luxury housing developments, streets, highways and resorts, as well as by the local communities and their activities, schools, and commerce. The pipeline runs through the Serra do Mar unstable mountain range slopes, with sequences of very steep hills and ravines followed by swamps and rivers. The success of such a challenging project - assembling the new line in a narrow ROW with all its restrictions, where the old line was still in operation, and complying with the tight work schedule required by PETROBRAS, was only possible due to a carefully managed combination of: accurate planning, best engineering methods and equipment and experienced workforce, deeply integrated in a massive effort towards safety, environmental care and social responsibility. (author)

  13. Influence of integrated quality management system on processing management in management and production staff’s opinion in Strauss Cafe Poland Ltd Company

    Directory of Open Access Journals (Sweden)

    Justyna Górna

    2009-01-01

    Full Text Available In the article are presented the results of the research determining the influence of the integrated quality management system on management process in the assessment of management and regular employees of Strauss Cafe Poland Ltd. According to the ISO 9001 requirements in order to effectively manage the organisation, should identify operations. The activities requiring resources and managed in order to enable the transformation of inflow into outflow should be evaluated as a process. The analysis of the gathered data shows the essential influence of the systems (QMS and HACCP on the management process in the company. The management staff emphasized the significant influence of the quality management system whereas production staff of HACCP system. Both of these groups of employees in the survey shows the beurocracy as a negative result of these systems, while positive results are improvement of image of the company and increase of both products and services quality.

  14. The tar sands of the USA : with permits now in hand, a Calgary company is a cash injection away from producing oil from America's first oilsands mine

    Energy Technology Data Exchange (ETDEWEB)

    Jaremko, D.

    2010-06-15

    A Canadian company has recently received approval to develop large oil sands mining operations in Utah. Earth Energy Resources is now raising the finances required to commercialize its operations in the state. Utah's oil sands reserves are currently estimated at between 20 to 32 billion barrels. However, the impacts of oil sands operations are of concern to some environmental groups, who worry that Utah will become a duplicate of Alberta's Athabasca region. The planned project is a 2000 barrel-per-day pilot project. Regulators in Utah have received negative responses from the public after advertising the potential project in local newspapers, and demonstrations have been held in the state's capital. Oil sands are already being developed at 2 installations in Utah, with the bitumen currently being sold as asphalt products. The state is also home to significant oil shale reserves. Operators in the region plan to design compact, well-contained mines in order to maintain transportability. 3 figs.

  15. Enhanced heavy oil recovery for carbonate reservoirs integrating cross-well seismic–a synthetic Wafra case study

    KAUST Repository

    Katterbauer, Klemens

    2015-07-14

    Heavy oil recovery has been a major focus in the oil and gas industry to counter the rapid depletion of conventional reservoirs. Various techniques for enhancing the recovery of heavy oil were developed and pilot-tested, with steam drive techniques proven in most circumstances to be successful and economically viable. The Wafra field in Saudi Arabia is at the forefront of utilizing steam recovery for carbonate heavy oil reservoirs in the Middle East. With growing injection volumes, tracking the steam evolution within the reservoir and characterizing the formation, especially in terms of its porosity and permeability heterogeneity, are key objectives for sound economic decisions and enhanced production forecasts. We have developed an integrated reservoir history matching framework using ensemble based techniques incorporating seismic data for enhancing reservoir characterization and improving history matches. Examining the performance on a synthetic field study of the Wafra field, we could demonstrate the improved characterization of the reservoir formation, determining more accurately the position of the steam chambers and obtaining more reliable forecasts of the reservoir’s recovery potential. History matching results are fairly robust even for noise levels up to 30%. The results demonstrate the potential of the integration of full-waveform seismic data for steam drive reservoir characterization and increased recovery efficiency.

  16. Canada's oil sands: nuclear power in an integrated energy economy

    Energy Technology Data Exchange (ETDEWEB)

    Isaacs, E. [Alberta Energy Research Inst., Alberta (Canada)

    2008-06-15

    At a time of the expansive global growth in energy demand and the peaking of conventional oil, the Canadian Oil Sands have emerged as the largest new reserves to supply oil to world markets. Bitumen production in 2006 averaged 1.25 million barrels per day (an increase of 13% over 2005 and an 88% increase since 2000). If this trend continues Canada will be positioned as one of the world's premier suppliers of oil for many decades to come. The Oil Sands are one of the world's most challenging and complex oil resources. They require considerable amount of energy, water and land area to produce, resulting in contaminated tailings ponds, air emissions of concern and copious greenhouse gas (GHG) emissions. As the need to protect the environment and reduce GHG emissions moves higher on the public agenda Canada's ability to grow the energy supplies from oil sands will be severely tested. This paper focuses on the current and emerging methods and innovations that can be applied to produce these unconventional resources to value-added products with a decreasing impact on the environment. The paper will also describe the benefits and challenges for nuclear energy in the oil sands as a solution to the need for substitutes for natural gas in oil sands production and upgrading and in meeting Canada's GHG emission targets. (author)

  17. Geodiametris: an integrated geoinformatic approach for monitoring land pollution from the disposal of olive oil mill wastes

    Science.gov (United States)

    Alexakis, Dimitrios D.; Sarris, Apostolos; Papadopoulos, Nikos; Soupios, Pantelis; Doula, Maria; Cavvadias, Victor

    2014-08-01

    The olive-oil industry is one of the most important sectors of agricultural production in Greece, which is the third in olive-oil production country worldwide. Olive oil mill wastes (OOMW) constitute a major factor in pollution in olivegrowing regions and an important problem to be solved for the agricultural industry. The olive-oil mill wastes are normally deposited at tanks, or directly in the soil or even on adjacent torrents, rivers and lakes posing a high risk to the environmental pollution and the community health. GEODIAMETRIS project aspires to develop integrated geoinformatic methodologies for performing monitoring of land pollution from the disposal of OOMW in the island of Crete -Greece. These methodologies integrate GPS surveys, satellite remote sensing and risk assessment analysis in GIS environment, application of in situ and laboratory geophysical methodologies as well as soil and water physicochemical analysis. Concerning project's preliminary results, all the operating OOMW areas located in Crete have been already registered through extensive GPS field campaigns. Their spatial and attribute information has been stored in an integrated GIS database and an overall OOMW spectral signature database has been constructed through the analysis of multi-temporal Landsat-8 OLI satellite images. In addition, a specific OOMW area located in Alikianos village (Chania-Crete) has been selected as one of the main case study areas. Various geophysical methodologies, such as Electrical Resistivity Tomography, Induced Polarization, multifrequency electromagnetic, Self Potential measurements and Ground Penetrating Radar have been already implemented. Soil as well as liquid samples have been collected for performing physico-chemical analysis. The preliminary results have already contributed to the gradual development of an integrated environmental monitoring tool for studying and understanding environmental degradation from the disposal of OOMW.

  18. Integrating Oil Debris and Vibration Measurements for Intelligent Machine Health Monitoring. Degree awarded by Toledo Univ., May 2002

    Science.gov (United States)

    Dempsey, Paula J.

    2003-01-01

    A diagnostic tool for detecting damage to gears was developed. Two different measurement technologies, oil debris analysis and vibration were integrated into a health monitoring system for detecting surface fatigue pitting damage on gears. This integrated system showed improved detection and decision-making capabilities as compared to using individual measurement technologies. This diagnostic tool was developed and evaluated experimentally by collecting vibration and oil debris data from fatigue tests performed in the NASA Glenn Spur Gear Fatigue Rig. An oil debris sensor and the two vibration algorithms were adapted as the diagnostic tools. An inductance type oil debris sensor was selected for the oil analysis measurement technology. Gear damage data for this type of sensor was limited to data collected in the NASA Glenn test rigs. For this reason, this analysis included development of a parameter for detecting gear pitting damage using this type of sensor. The vibration data was used to calculate two previously available gear vibration diagnostic algorithms. The two vibration algorithms were selected based on their maturity and published success in detecting damage to gears. Oil debris and vibration features were then developed using fuzzy logic analysis techniques, then input into a multi sensor data fusion process. Results show combining the vibration and oil debris measurement technologies improves the detection of pitting damage on spur gears. As a result of this research, this new diagnostic tool has significantly improved detection of gear damage in the NASA Glenn Spur Gear Fatigue Rigs. This research also resulted in several other findings that will improve the development of future health monitoring systems. Oil debris analysis was found to be more reliable than vibration analysis for detecting pitting fatigue failure of gears and is capable of indicating damage progression. Also, some vibration algorithms are as sensitive to operational effects as they

  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. Integrated Risk Management as a Factor of Competitiveness Increase of Oil and Gas Industry

    Directory of Open Access Journals (Sweden)

    Darya Nikolaevna Shabanova

    2016-06-01

    Full Text Available The article is dedicated to risk assessment and analysis (RAA in oil and gas industry. The article reviews current trends of risks’ assessment and management in oil and gas industry in relation to the activities of enterprises engaged in engineering design in the field of oil and gas processing considering the requirements of international standards (ISO. The classification of risks is provided with consideration of peculiar features of enterprises of Mineral Resources Sector. The authors present a review of major international and national standards, specifying the activities in risk management. It is shown that one of the modern trends of international standardization is a development of risk management and management of sustainable business based on the risk oriented approach. The authors have proposed the algorithm of risk management in oil and gas projects using the domestic software Business Studio, logically divided into following three stages: identification and assessment of project risks, development of risks mitigation measures and monitoring of project risks. The main indicators of the oil and gas complex of Russia (the volume of oil and gas, the primary oil refining, are the main risk factors for the oil and gas industry. The peculiarities of risk management are described in the form of an economic category. The article shows that risk can and should be controlled, in other words, certain measures should be applied to anticipate as many as possible the risk events and to reduce them.

  1. 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

  2. Smart Companies.

    Science.gov (United States)

    Galagan, Patricia A.

    1997-01-01

    Capturing and leveraging knowledge is an important new management trend that is as yet undefined. Some companies are accounting for their intellectual capital and applying it to the company balance sheets. (JOW)

  3. INTEGRATION IN THE CHAIN: A CASE STUDY ON THE COLLABORATION IN THE CHAIN OF A RESALE COMPANY OF PARTS FOR INDUSTRIAL EQUIPMENT

    Directory of Open Access Journals (Sweden)

    Inês Shinobu Chubachi

    2016-07-01

    Full Text Available The increasing market competition makes companies seek better results, through partnerships with suppliers, and it isnecessary to analyze and adapt to the requirements of customers and market. Thus, for the realization of this article, it is based on concepts of Logistics according to supply chain, intending to analyze operational processes and suggest improvements in results and competitive gains for collaboration in the chain of trade in pieces of industrial equipment company in the Greater São Paulo region. Therefore, we conducted literature searches through books and articles, as well as a case study, which in general, revealed that the supply chain of the studied company has great potential for improvement it once has modest integration actions compared to a model with a strategic focus and some deviations compared to the academic literature. Research results have shown issues such as ignorance of the subject proposed by the employees as well as the need to create alternatives to maximize the interaction between the sectors within the organization contributing more competitive solutions in addition to providing agility in the process as a whole. To carry out further research, it is recommended further study regarding the implementation of management information systems to improve some processes and, consequently, the outcome of that organization.

  4. Optimization model of a system of crude oil distillation units whit heat integration and meta modeling

    International Nuclear Information System (INIS)

    Lopez, Diana C; Mahecha, Cesar A; Hoyos, Luis J; Acevedo, Leonardo; Villamizar Jaime F

    2009-01-01

    The process of crude distillation impacts the economy of any refinery in a considerable manner. Therefore, it is necessary to improve it taking good advantage of the available infrastructure, generating products that conform to the specifications without violating the equipment operating constraints or plant restrictions at industrial units. The objective of this paper is to present the development of an optimization model for a Crude Distillation Unit (CDU) system at a ECOPETROL S.A. refinery in Barrancabermeja, involving the typical restrictions (flow according to pipeline capacity, pumps, distillation columns, etc) and a restriction that has not been included in bibliographic reports for this type of models: the heat integration of streams from Atmospheric Distillation Towers (ADTs) and Vacuum Distillation Towers (VDT) with the heat exchanger networks for crude pre-heating. On the other hand, ADTs were modeled with Meta models in function of column temperatures and pressures, pumparounds flows and return temperatures, stripping steam flows, Jet EBP ASTM D-86 and Diesel EBP ASTM D-86. Pre-heating trains were modeled with mass and energy balances, and design equation of each heat exchanger. The optimization model is NLP, maximizing the system profit. This model was implemented in GAMSide 22,2 using the CONOPT solver and it found new operating points with better economic results than those obtained with the normal operation in the real plants. It predicted optimum operation conditions of 3 ADTs for constant composition crude and calculated the yields and properties of atmospheric products, additional to temperatures and duties of 27 Crude Oil exchangers.

  5. Optimization model of a system of crude oil distillation units with heat integration and metamodeling

    International Nuclear Information System (INIS)

    Lopez, Diana C; Mahecha, Cesar A; Hoyos, Luis J; Acevedo, Leonardo; Villamizar Jaime F

    2010-01-01

    The process of crude distillation impacts the economy of any refinery in a considerable manner. Therefore, it is necessary to improve it taking good advantage of the available infrastructure, generating products that conform to the specifications without violating the equipment operating constraints or plant restrictions at industrial units. The objective of this paper is to present the development of an optimization model for a Crude Distillation Unit (CDU) system at a ECOPETROL S.A. refinery in Barrancabermeja, involving the typical restrictions (flow according to pipeline capacity, pumps, distillation columns, etc) and a restriction that has not been included in bibliographic reports for this type of models: the heat integration of streams from Atmospheric Distillation Towers (ADTs) and Vacuum Distillation Towers (VDT) with the heat exchanger networks for crude pre-heating. On the other hand, ADTs were modeled with Metamodels in function of column temperatures and pressures, pump a rounds flows and return temperatures, stripping steam flows, Jet EBP ASTM D-86 and Diesel EBP ASTM D-86. Pre-heating trains were modeled with mass and energy balances, and design equation of each heat exchanger. The optimization model is NLP, maximizing the system profit. This model was implemented in GAMSide 22,2 using the CONOPT solver and it found new operating points with better economic results than those obtained with the normal operation in the real plants. It predicted optimum operation conditions of 3 ADTs for constant composition crude and calculated the yields and properties of atmospheric products, additional to temperatures and duties of 27 Crude Oil exchangers.

  6. 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

  7. 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

    One Belt and One Road” policy. Finally, promote the new energy business and find solutions to turning those oil companies to integrated energy companies.

  8. Description and discussion of governmental participations for companies producing oil and gas in marginal fields; Descricao e discussao do regime tributario e participacoes governamentais para empresas produtoras de petroleo e gas em campos marginais

    Energy Technology Data Exchange (ETDEWEB)

    Eduardo, Antonio Sergio [Universidade Salvador (UNIFACS), BA (Brazil); Rodrigues, Jose Allankardec Fernandes [Universidade do Estado da Bahia (UNEB), Salvador, BA (Brazil); Rodrigues, Livia da Silva Modesto [Universidade do Estado da Bahia (UNEB), Salvador, BA (Brazil); Universidade Salvador (UNIFACS), BA (Brazil); Fundacao Visconde de Cairu, Salvador, BA (Brazil); Ferreira, Doneivan Fernandes [Universidade Federal da Bahia (UFBA), Salvador, BA (Brazil)

    2012-07-01

    This article reports taxing and government participation in oil and gas extraction in peripheral fields as defined by the Agencia Nacional de Petroleo, Gas Natural e Combustivel (ANP) and the need to discuss the essence of the contributing capacity as a means to take into account the characteristics of this specific niche in gas and oil production. Their own particular policies distinguish them from other segments. The analysis is founded on the Aristotelian view which treats equals equally and unequals unequally. The analysis shows these companies' present situation and makes it clear that taxing in Brazil acts as an obstacle to the development of several sectors, including the small oil and gas production sector. Also worth mentioning is, besides taxes in the oil business, there is also the incidence of financial indemnity established by the Petroleum Law, illustrating an analysis of this legislation. Initially, when peripheral fields are still seen as great opportunities (according to the regulatory definition adopted by the ANP), mainly because of the high price of the barrel of oil (over US$ 100 ) the weight of taxes may not be a critical factor. However, when marginal oil wells do not attract interest in the average independent producer, the only mechanisms capable of extending the activity, and as a consequence, the positive impacts generated in producing communities, may well be tax relief and government involvement. The method used was a reference research and technical visits to leasers of concessions at peripheral fields. The present study will continue with the object of showing econometric models by simulating the impact taxing has on marginal production projects at different stages of maturity. (author)

  9. OPEC charts course for future oil market

    International Nuclear Information System (INIS)

    Subroto, H.E.

    1992-01-01

    The author says OPEC is an economic organization with a simple mission: to provide a stable and reliable supply of oil to its customers and assure a fair return to its producers. When OPEC was formed in 1960, he recalls multinational oil companies dominated the oil market. Their operations were highly integrated from well to pump, and they kept oil prices low to fuel economic growth in prosperous industrialized countries. Host nations were rarely consulted in operations, and they reaped only minimal return for their black gold. OPEC changed all that. Today, OPEC's 13 member countries control their own oil industries, and some even own sizeable investments in the downstream sectors of consuming countries. To meet its commitment for supplying the petroleum needs of industrialized nations by the turn of the century, the author estimates OPEC will need to increase production capacity by about 40% at a cost well above what member countries can afford alone

  10. Safflower oil: an integrated assessment of phytochemistry, antiulcerogenic activity, and rodent and environmental toxicity

    Directory of Open Access Journals (Sweden)

    Walber Toma

    Full Text Available Gastric ulcers are a significant medical problem and the development of complications lead to significant mortality rates worldwide. In Brazil, Carthamus tinctorius L., Asteraceae, seeds essential oil, the safflower oil, is currently used as a thermogenic compound and as treatment for problems related to the cardiovascular system. In this study, by Raman spectroscopy, it was shown that oleic and linoleic acids are the compounds present in higher concentrations in the safflower oil. We demonstrated that safflower oil (750 mg/kg, p.o. decrease the ulcerogenic lesions in mice after the administration of hydrochloric acid-ethanol. The gastric ulcers induced by non-steroidal anti-inflammatory drug (NSAID in mice treated with cholinomimetics were treated with four different doses of safflower oil, of which, the dose of 187.5 mg/kg (p.o. showed significant antiulcerogenic properties (**p < 0.01. Moreover, the safflower oil at doses of 187.5 mg/kg (i.d. increased the pH levels, gastric volume (**p < 0.01 and gastric mucus production (***p < 0.001, and decreased the total gastric acid secretion (***p < 0.001. The acute toxicity tests showed that safflower oil (5.000 mg/kg, p.o. had no effect on mortality or any other physiological parameter. Ecotoxicological tests performed using Daphnia similis showed an EC50 at 223.17 mg/l, and therefore safflower oil can be considered “non-toxic” based on the directive 93/67/EEC on risk assessment for new notified substances by European legislation. These results indicate that the antiulcer activity of Safflower oil may be due to cytoprotective effects, which serve as support for new scientific studies related to this pathology.

  11. The oil-dispersion bath in anthroposophic medicine--an integrative review.

    Science.gov (United States)

    Büssing, Arndt; Cysarz, Dirk; Edelhäuser, Friedrich; Bornhöft, Gudrun; Matthiessen, Peter F; Ostermann, Thomas

    2008-12-04

    Anthroposophic medicine offers a variety of treatments, among others the oil-dispersion bath, developed in the 1930s by Werner Junge. Based on the phenomenon that oil and water do not mix and on recommendations of Rudolf Steiner, Junge developed a vortex mechanism which churns water and essential oils into a fine mist. The oil-covered droplets empty into a tub, where the patient immerses for 15-30 minutes. We review the current literature on oil-dispersion baths. The following databases were searched: Medline, Pubmed, Embase, AMED and CAMbase. The search terms were 'oil-dispersion bath' and 'oil bath', and their translations in German and French. An Internet search was also performed using Google Scholar, adding the search terms 'study' and 'case report' to the search terms above. Finally, we asked several experts for gray literature not listed in the above-mentioned databases. We included only articles which met the criterion of a clinical study or case report, and excluded theoretical contributions. Among several articles found in books, journals and other publications, we identified 1 prospective clinical study, 3 experimental studies (enrolling healthy individuals), 5 case reports, and 3 field-reports. In almost all cases, the studies described beneficial effects - although the methodological quality of most studies was weak. Main indications were internal/metabolic diseases and psychiatric/neurological disorders. Beyond the obvious beneficial effects of warm bathes on the subjective well-being, it remains to be clarified what the unique contribution of the distinct essential oils dispersed in the water can be. There is a lack of clinical studies exploring the efficacy of oil-dispersion baths. Such studies are recommended for the future.

  12. The oil-dispersion bath in anthroposophic medicine – an integrative review

    Science.gov (United States)

    Büssing, Arndt; Cysarz, Dirk; Edelhäuser, Friedrich; Bornhöft, Gudrun; Matthiessen, Peter F; Ostermann, Thomas

    2008-01-01

    Background Anthroposophic medicine offers a variety of treatments, among others the oil-dispersion bath, developed in the 1930s by Werner Junge. Based on the phenomenon that oil and water do not mix and on recommendations of Rudolf Steiner, Junge developed a vortex mechanism which churns water and essential oils into a fine mist. The oil-covered droplets empty into a tub, where the patient immerses for 15–30 minutes. We review the current literature on oil-dispersion baths. Methods The following databases were searched: Medline, Pubmed, Embase, AMED and CAMbase. The search terms were 'oil-dispersion bath' and 'oil bath', and their translations in German and French. An Internet search was also performed using Google Scholar, adding the search terms 'study' and 'case report' to the search terms above. Finally, we asked several experts for gray literature not listed in the above-mentioned databases. We included only articles which met the criterion of a clinical study or case report, and excluded theoretical contributions. Results Among several articles found in books, journals and other publications, we identified 1 prospective clinical study, 3 experimental studies (enrolling healthy individuals), 5 case reports, and 3 field-reports. In almost all cases, the studies described beneficial effects – although the methodological quality of most studies was weak. Main indications were internal/metabolic diseases and psychiatric/neurological disorders. Conclusion Beyond the obvious beneficial effects of warm bathes on the subjective well-being, it remains to be clarified what the unique contribution of the distinct essential oils dispersed in the water can be. There is a lack of clinical studies exploring the efficacy of oil-dispersion baths. Such studies are recommended for the future. PMID:19055811

  13. The oil-dispersion bath in anthroposophic medicine – an integrative review

    Directory of Open Access Journals (Sweden)

    Bornhöft Gudrun

    2008-12-01

    Full Text Available Abstract Background Anthroposophic medicine offers a variety of treatments, among others the oil-dispersion bath, developed in the 1930s by Werner Junge. Based on the phenomenon that oil and water do not mix and on recommendations of Rudolf Steiner, Junge developed a vortex mechanism which churns water and essential oils into a fine mist. The oil-covered droplets empty into a tub, where the patient immerses for 15–30 minutes. We review the current literature on oil-dispersion baths. Methods The following databases were searched: Medline, Pubmed, Embase, AMED and CAMbase. The search terms were 'oil-dispersion bath' and 'oil bath', and their translations in German and French. An Internet search was also performed using Google Scholar, adding the search terms 'study' and 'case report' to the search terms above. Finally, we asked several experts for gray literature not listed in the above-mentioned databases. We included only articles which met the criterion of a clinical study or case report, and excluded theoretical contributions. Results Among several articles found in books, journals and other publications, we identified 1 prospective clinical study, 3 experimental studies (enrolling healthy individuals, 5 case reports, and 3 field-reports. In almost all cases, the studies described beneficial effects – although the methodological quality of most studies was weak. Main indications were internal/metabolic diseases and psychiatric/neurological disorders. Conclusion Beyond the obvious beneficial effects of warm bathes on the subjective well-being, it remains to be clarified what the unique contribution of the distinct essential oils dispersed in the water can be. There is a lack of clinical studies exploring the efficacy of oil-dispersion baths. Such studies are recommended for the future.

  14. TECHNOLOGICAL INNOVATION IN PROJECTS OF NEW PRODUCT DEVELOPMENT: AN EXPLORATORY STUDY ON RELATIONSHIP MANAGEMENT INTEGRATION AMONG UNITS OF A MULTINATIONAL COMPANY

    Directory of Open Access Journals (Sweden)

    Daniel Jugend

    2012-04-01

    Full Text Available Although the topic of integration in product development is widely debated in the literature, there are few studies that address the participation by subsidiaries of multinational and R & D centers around the world in development projects of new products. Focusing on the perception of the Brazilian unit, this paper aims to present and analyze integration practices among subsidiaries, headquarters and R&D centers in product development projects in a multinational high tech company. For this purpose, was conducted an exploratory and qualitative researched operationalized by case study. Among the main results, it was noted collaboration between locals marketing and engineering with the R & D centers, important role of senior management in the Brazilian unit to communicate outcomes of the strategic planning of products and technologies established by the headquarters to the subsidiary, the adoption of technological and information mechanisms and the application of methods such as technology roadmap.

  15. Capability of integrated MODIS imagery and ALOS for oil palm, rubber and forest areas mapping in tropical forest regions.

    Science.gov (United States)

    Razali, Sheriza Mohd; Marin, Arnaldo; Nuruddin, Ahmad Ainuddin; Shafri, Helmi Zulhaidi Mohd; Hamid, Hazandy Abdul

    2014-05-07

    Various classification methods have been applied for low resolution of the entire Earth's surface from recorded satellite images, but insufficient study has determined which method, for which satellite data, is economically viable for tropical forest land use mapping. This study employed Iterative Self Organizing Data Analysis Techniques (ISODATA) and K-Means classification techniques to classified Moderate Resolution Imaging Spectroradiometer (MODIS) Surface Reflectance satellite image into forests, oil palm groves, rubber plantations, mixed horticulture, mixed oil palm and rubber and mixed forest and rubber. Even though frequent cloud cover has been a challenge for mapping tropical forests, our MODIS land use classification map found that 2008 ISODATA-1 performed well with overall accuracy of 94%, with the highest Producer's Accuracy of Forest with 86%, and were consistent with MODIS Land Cover 2008 (MOD12Q1), respectively. The MODIS land use classification was able to distinguish young oil palm groves from open areas, rubber and mature oil palm plantations, on the Advanced Land Observing Satellite (ALOS) map, whereas rubber was more easily distinguished from an open area than from mixed rubber and forest. This study provides insight on the potential for integrating regional databases and temporal MODIS data, in order to map land use in tropical forest regions.

  16. 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.)

  17. An Analysis of the Effect of the Implementation of an Integrated Management System (IMS on Work Ergonomics in an O&M Power Plant Company

    Directory of Open Access Journals (Sweden)

    Dewi Permata Ifadiana

    2016-05-01

    Full Text Available Ergonomics has developed significantly for the prevention of related accidents. Its implementation, however, depends on the existing management system within a company. The integrated management system (IMS is frequently implemented in industry, which is an integration of ISO 9001, ISO 14001, and OHSAS 18001. The objectives of this research were to analyze the effects of IMS implementation on work ergonomics and to find the influencing factors. The methods used were the 4x4 method for investigating accidents; interviews; and a questionnaire for workers and managers at an electricity company. The subjects were divided into three levels, namely: top management, middle management, and workers. Logistic regression was used to analyze and estimate the effects of one or more management variables on ergonomics related accidents. The results showed that the implementation of IMS has supported work ergonomics very well based on the average scores, which ranged from 2.99 to 3.38. The logistic regression showed that the most influential IMS on work ergonomics was the Do (D of Deming’s PDCA cycle, whereas the most influential parameter for ergonomics accident prevention was Policy (P and Do (D at the top management level.

  18. Integrating Electrokinetic and Bioremediation Process for Treating Oil Contaminated Low Permeability Soil

    OpenAIRE

    Surya Ramadan Bimastyaji; Jatnika Effendi Agus; Helmy Qomarudin

    2018-01-01

    Traditional oil mining activities always ignores environmental regulation which may cause contamination in soil and environment. Crude oil contamination in low-permeability soil complicates recovery process because it requires substantial energy for excavating and crushing the soil. Electrokinetic technology can be used as an alternative technology to treat contaminated soil and improve bioremediation process (biostimulation) through transfer of ions and nutrient that support microorganism gr...

  19. 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.

  20. Open Source Telecommunication Companies

    OpenAIRE

    Peter Liu

    2007-01-01

    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 pro...

  1. Reclamation from palm oil mill effluent using an integrated zero discharge membrane-based process

    Directory of Open Access Journals (Sweden)

    Ahmad A.L.

    2015-12-01

    Full Text Available This research emphasizes eloquently on membrane technology for treatment of palm oil mill effluent (POME as it is the Malaysia’s largest and most important agro based industry. Findings established significant quality improvement with an efficient recovery of water from palm oil mill via innovative membrane application. Conventional bio-methods, whilst adhering to the Department of Environment’s (DOE discharge regulations, produces brownish liquid which pales in comparison to the crystal clear water obtained through membrane treatment. The pre-treatment process consists of coagulation-flocculation using green environmental coagulant bases such as Moringa oleifera (MO seeds. The ultrafiltration polyvinylidene difluoride (PVDF and thin film composite (TFC reverse osmosis were vital for the membrane processes. The system gave 99% suspended solids reduction in suspended solid and 78% of water present was successfully recovered. This technology guarantees water recovery with drinking water quality; meeting the US Environmental Protection Agency (USEPA standard or could be recycled into the plant with sludge utilization for palm oil estates, thus enabling the concept of zero discharge to be executed in the industries. In addition, green and healthy antioxidants such as oil and beta-carotene can be recovered from POME further demonstrate. Silica gel showed better performance in separation of carotenes from oil at temperature 40°C using adsorption chromatography with 1154.55 ppm. The attractiveness of this technology, enabling the utilization of reuse of agricultural waste into potentially value added products.

  2. The changing structure of the international oil industry: implications for OPEC

    International Nuclear Information System (INIS)

    Abdalla, K.L.; )

    1995-01-01

    This paper examines the changes in international oil market structure observed in the 1980s and early 1990s and assesses possible effects on oil market conditions in the future and implications for OPEC. It focuses on the trend toward a more vertical organization mainly resulting from substantial purchases of downstream assets by state owned oil companies in major oil producing countries. While the Gulf war prevented greater horizontal concentration of oil reserves, it merely interrupted the trend toward vertical concentration in the international oil industry. The vertical integration of only some of the OPEC members will cause a further divergence of goals within the organization resulting in a lower likelihood of OPEC regaining its former position as an effective cartel. If the trend toward greater vertical concentration increases, future oil prices will, in part, be affected by decisions made by vertically integrated firms. (author)

  3. 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

  4. Integrating Electrokinetic and Bioremediation Process for Treating Oil Contaminated Low Permeability Soil

    Directory of Open Access Journals (Sweden)

    Surya Ramadan Bimastyaji

    2018-01-01

    Full Text Available Traditional oil mining activities always ignores environmental regulation which may cause contamination in soil and environment. Crude oil contamination in low-permeability soil complicates recovery process because it requires substantial energy for excavating and crushing the soil. Electrokinetic technology can be used as an alternative technology to treat contaminated soil and improve bioremediation process (biostimulation through transfer of ions and nutrient that support microorganism growth. This study was conducted using a combination of electrokinetic and bioremediation processes. Result shows that the application of electrokinetic and bioremediation in low permeability soils can provide hydrocarbon removal efficiency up to 46,3% in 7 days operation. The highest amount of microorganism can be found in 3-days operation, which is 2x108 CFU/ml using surfactant as flushing fluid for solubilizing hydrocarbon molecules. Enhancing bioremediation using electrokinetic process is very potential to recover oil contaminated low permeability soil in the future.

  5. Integrated electrochemical treatment systems for facilitating the bioremediation of oil spill contaminated soil.

    Science.gov (United States)

    Cheng, Ying; Wang, Liang; Faustorilla, Vilma; Megharaj, Mallavarapu; Naidu, Ravi; Chen, Zuliang

    2017-05-01

    Bioremediation plays an important role in oil spill management and bio-electrochemical treatment systems are supposed to represent a new technology for both effective remediation and energy recovery. Diesel removal rate increased by four times in microbial fuel cells (MFCs) since the electrode served as an electron acceptor, and high power density (29.05 W m -3 ) at current density 72.38 A m -3 was achieved using diesel (v/v 1%) as the sole substrate. As revealed by Scanning electron microscope images, carbon fibres in the anode electrode were covered with biofilm and the bacterial colloids which build the link between carbon fibres and enhance electron transmission. Trace metabolites produced during the anaerobic biodegradation were identified by gas chromatography-mass spectrometry. These metabolites may act as emulsifying agents that benefit oil dispersion and play a vital role in bioremediation of oil spills in field applications. Copyright © 2017 Elsevier Ltd. All rights reserved.

  6. Integrating Electrokinetic and Bioremediation Process for Treating Oil Contaminated Low Permeability Soil

    Science.gov (United States)

    Ramadan, Bimastyaji Surya; Effendi, Agus Jatnika; Helmy, Qomarudin

    2018-02-01

    Traditional oil mining activities always ignores environmental regulation which may cause contamination in soil and environment. Crude oil contamination in low-permeability soil complicates recovery process because it requires substantial energy for excavating and crushing the soil. Electrokinetic technology can be used as an alternative technology to treat contaminated soil and improve bioremediation process (biostimulation) through transfer of ions and nutrient that support microorganism growth. This study was conducted using a combination of electrokinetic and bioremediation processes. Result shows that the application of electrokinetic and bioremediation in low permeability soils can provide hydrocarbon removal efficiency up to 46,3% in 7 days operation. The highest amount of microorganism can be found in 3-days operation, which is 2x108 CFU/ml using surfactant as flushing fluid for solubilizing hydrocarbon molecules. Enhancing bioremediation using electrokinetic process is very potential to recover oil contaminated low permeability soil in the future.

  7. 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

  8. Pilot-Scale Biorefinery: Sustainable Transport Fuels from Biomass and Algal Residues via Integrated Pyrolysis, Catalytic Hydroconversion and Co-processing with Vacuum Gas Oil

    Energy Technology Data Exchange (ETDEWEB)

    Elliott, Douglas [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Olarte, M. V. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Hart, T. R. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2016-07-21

    Beginning in 2010, UOP, along with the Department of Energy and other project partners, designed a pathway for an integrated biorefinery to process solid biomass into transportation fuel blendstocks. The integrated biorefinery (IBR) would convert second generation feedstocks into pyrolysis oil which would then be upgraded into fuel blendstocks without the limitations of traditional biofuels.

  9. Integrated Plant Safety Assessment: Systematic Evaluation Program. Yankee Nuclear Power Station, Yankee Atomic Electric Company, Docket No. 50-29. Final report

    International Nuclear Information System (INIS)

    1983-06-01

    The Systematic Evaluation program was initiated in February 1977 by the US Nuclear Regulatory Commission to review the designs of older operating nuclear reactor plants to confirm and document their safety. The review provides: (1) an assessment of how these plants compare with current licensing safety requirements relating to selected issues, (2) a basis for deciding on how these differences should be resolved in an integrated plant review, and (3) a documented evaluation of plant safety. This report documents the review of Yankee Nuclear Power Station, operated by Yankee Atomic Electric Company. The Yankee plant is one of 10 plants reviewed under Phase II of this program. This report indicates how 137 topics selected for review under Phase I of the program were addressed. Equipment and procedural changes have been identified as a result of the review

  10. Integrated Plant Safety Assessment, Systematic Evaluation Program. Yankee Nuclear Power Station, Yankee Atomic Electric Company, Docket No. 50-29. Draft report

    International Nuclear Information System (INIS)

    1983-02-01

    The Systematic Evaluation Program was initiated in February 1977 by the US Nuclear Regulatory Commission to review the designs of older operating nuclear reactor plants to confirm and document their safety. The review provides (1) an assessment of how these plants compare with current licensing safety requirements relating to selected issues, (2) a basis for deciding on how these differences should be resolved in an integrated plant review, and (3) a documented evaluation of plant safety. This report documents the review of Yankee Nuclear Power Station, operated by Yankee Atomic Electric Company. The Yankee plant is one of 10 plants reviewed under Phase II of this program. This report indicates how 137 topics selected for review under Phase I of the program were addressed. Equipment and procedural changes have been identified as a result of the review

  11. Integrated Plant Safety Assessment: Systematic Evaluation Program. Haddam Neck Plant, Connecticut Yankee Atomic Power Company, Docket No. 50-213. Final report

    International Nuclear Information System (INIS)

    1983-01-01

    The Systematic Evaluation Progam was initiated in February 1977 by the US Nuclear Regulatory Commission review the designs of older operating nuclear reactor plants to confirm and document their safety. The review provides: (1) an assessment of how these plants compare with curent licensing safety requirements relating to selected issues, (2) a basis for deciding on how these differences should be resolved in an integrated plant review, and (3) a documented evaluation of plant safety. This report documents the review of Haddam Neck Plant, operated by Connecticut Yankee Atomic Power Company. The Haddam Neck Plant is one of 10 plants reviewed under Phase II of this program. This report indicates how 137 topics selected for review under Phase I of the program were addressed. Equipment and procedural changes have been identified as a result of the review

  12. Breaking the entry barriers of startup companies to offer AAL services through integrated eHealth solutions based on a hybrid business model

    DEFF Research Database (Denmark)

    Kyriazakos, Sofoklis

    Healthcare sector is one of the main pillars of the economy at a global level that involves patients, physicians, National Health Systems, insurance companies, pharmaceuticals, vendors, researchers and providers. Healthcare sector represents a good portion of the GDP of any Government and attracts...... billion dollar investments every year. The technology and Internet evolution have contributed significantly to the creation of eHealth within the Healthcare sector that aims to improve citizens’ health and wellbeing. Nevertheless, the barriers to entry in this highly regulated business sector are huge...... and therefore integrated eHealth solutions fail to reach high levels of penetration. Considering this as big challenge, the paper presents a hybrid business models that is able to efficiently address the Healthcare sector stakeholders and create prosperous opportunities for eHealth solutions for startup...

  13. Integrating planning and scheduling in an oil refinery with a rolling horizon approach

    NARCIS (Netherlands)

    Zondervan, E.; Kaland, M.; van Elzakker, M.A.H.; Fransoo, J.C.; Meuldijk, J.; Klemes, J.J.; Varbanov, P.S.; Liew, P.Y.

    2014-01-01

    Decisions in an oil refinery are made at three levels: planning, scheduling and control. Existing facilities have to be operated close to their maximum capacity, while continuously responding to cost fluctuations. In many of the currently reported planning models each decision level has its own

  14. Integrated Analysis of the Wood Oil from Xanthocyparis vietnamensis Farjon & Hiep. by Chromatographic and Spectroscopic Techniques.

    Science.gov (United States)

    Bazzali, Ophélie; Thai, Tran Huy; Hoi, Tran Minh; Khang, Nguyen Sinh; Hien, Nguyen Thi; Casanova, Joseph; Bighelli, Ange; Tomi, Félix

    2016-06-27

    In order to get better knowledge about the volatiles produced by Xanthocyparis vietnamensis, a species recently discovered in Vietnam, its wood oil has been analyzed by a combination of chromatographic (GC, CC) and spectroscopic (GC-MS, (13)C-NMR) techniques. Forty components that accounted for 87.9% of the oil composition have been identified. The composition is dominated by nootkatene (20.7%), 11,12,13-tri-nor-eremophil-1(10)-en-7-one (17.2%), γ-eudesmol (5.1%), nootkatone (4.7%), valencene (3.5%) and 13-nor-eremophil-1(10)-en-11-one (2.6%). The structure of two new compounds-10-epi-nor-γ-eudesmen-11-one and 12-hydroxy-isodihydroagarofuran-has been elucidated, while 11,12,13-tri-nor-eremophil-1(10)-en-7-ol is reported as a natural product for the first time. The composition of X. vietnamensis wood oil varied drastically from those of leaf oils, dominated by hedycaryol (34.4%), phyllocladene (37.8%) or by pimara-6(14)-15-diene (19.4%).

  15. Integrated Analysis of the Wood Oil from Xanthocyparis vietnamensis Farjon & Hiep. by Chromatographic and Spectroscopic Techniques

    Directory of Open Access Journals (Sweden)

    Ophélie Bazzali

    2016-06-01

    Full Text Available In order to get better knowledge about the volatiles produced by Xanthocyparis vietnamensis, a species recently discovered in Vietnam, its wood oil has been analyzed by a combination of chromatographic (GC, CC and spectroscopic (GC-MS, 13C-NMR techniques. Forty components that accounted for 87.9% of the oil composition have been identified. The composition is dominated by nootkatene (20.7%, 11,12,13-tri-nor-eremophil-1(10-en-7-one (17.2%, γ-eudesmol (5.1%, nootkatone (4.7%, valencene (3.5% and 13-nor-eremophil-1(10-en-11-one (2.6%. The structure of two new compounds—10-epi-nor-γ-eudesmen-11-one and 12-hydroxy-isodihydroagarofuran—has been elucidated, while 11,12,13-tri-nor-eremophil-1(10-en-7-ol is reported as a natural product for the first time. The composition of X. vietnamensis wood oil varied drastically from those of leaf oils, dominated by hedycaryol (34.4%, phyllocladene (37.8% or by pimara-6(14-15-diene (19.4%.

  16. Increasing the effectiveness and integration of company marketing communications activities at Höyhentämö

    OpenAIRE

    Osondu, Justice

    2017-01-01

    This study, aimed at increasing the effectiveness and integration of the company’s marketing communications activities was conducted for the Höyhentämö (Pluckhouse) theatre organisation. The primary activities of Höyhentämö focus on producing contemporary theatre, dance and other performances. The objective of the research study is to find the most useful promotional tools for Höyhentämö that will enhance and improve awareness of their brand, thus resulting in brand recognition. The resea...

  17. A Steam Utility Network Model for the Evaluation of Heat Integration Retrofits – A Case Study of an Oil Refinery

    Directory of Open Access Journals (Sweden)

    Sofie Marton

    2017-12-01

    Full Text Available This paper presents a real industrial example in which the steam utility network of a refinery is modelled in order to evaluate potential Heat Integration retrofits proposed for the site. A refinery, typically, has flexibility to optimize the operating strategy for the steam system depending on the operation of the main processes. This paper presents a few examples of Heat Integration retrofit measures from a case study of a large oil refinery. In order to evaluate expected changes in fuel and electricity imports to the refinery after implementation of the proposed retrofits, a steam system model has been developed. The steam system model has been tested and validated with steady state data from three different operating scenarios and can be used to evaluate how changes to steam balances at different pressure levels would affect overall steam balances, generation of shaft power in turbines, and the consumption of fuel gas.

  18. Integration or segregation: how do molecules behave at oil/water interfaces?

    Science.gov (United States)

    Moore, F G; Richmond, G L

    2008-06-01

    It has been over 250 years since Benjamin Franklin, fascinated with the wave-stilling effect of oil on water, performed his famous oil-drop experiments; nevertheless, the behavior of water molecules adjacent to hydrophobic surfaces continues to fascinate today. In the 18th century, the calming of the seas seemed the most pertinent application of such knowledge; today, we understand that oil-on-water phenomena underlie a range of important chemical, physical, and biological processes, including micelle and membrane formation, protein folding, chemical separation, oil extraction, nanoparticle formation, and interfacial polymerization. Beyond classical experiments of the oil-water interface, recent interest has focused on deriving a molecular-level picture of this interface or, more generally, of water molecules positioned next to any hydrophobic surface. This Account summarizes more than a decade's work from our laboratories aimed at understanding the nature of the hydrogen bonding occurring between water and a series of organic liquids in contact. Although the common perception is that water molecules and oil molecules positioned at the interface between the immiscible liquids want nothing to do with one another, we have found that weak interactions between these hydrophilic and hydrophobic molecules lead to interesting interfacial behavior, including highly oriented water molecules and layering of the organic medium that extends several molecular layers deep into the bulk organic liquid. For some organic liquids, penetration of oriented water into the organic layer is also apparent, facilitated by molecular interactions established at the molecularly thin region of first contact between the two liquids. The studies involve a combined experimental and computational approach. The primary experimental tool that we have used is vibrational sum frequency spectroscopy (VSFS), a powerful surface-specific vibrational spectroscopic method for measuring the molecular

  19. Case study: Preliminary assessment of integrated palm biomass biorefinery for bioethanol production utilizing non-food sugars from oil palm frond petiole

    International Nuclear Information System (INIS)

    Abdullah, Sharifah Soplah Syed; Shirai, Yoshihito; Ali, Ahmad Amiruddin Mohd; Mustapha, Mahfuzah; Hassan, Mohd Ali

    2016-01-01

    Highlights: • Fermentable sugars production from oil palm frond by integrated technology concept. • Bioethanol production from oil palm frond sugars in a biorefinery. • Palm oil mills have sufficient excess energy and steam to support biorefinery. • The net energy ratio of bioethanol from oil palm frond petiole is 7.48. - Abstract: In this case study, a preliminary assessment on the bioethanol production from oil palm frond (OPF) petiole sugars within an integrated palm biomass biorefinery was carried out. Based on the case study of 4 neighbouring palm oil mills, approximately 55,600 t/y of fermentable sugars could be obtained from OPF petiole. The integrated biorefinery will be located at one of the 4 mills. The mill has potential excess energy comprising 3.64 GW h/y of electricity and 177,000 t/y of steam which are sufficient to run the biorefinery. With 33.9 million litres/y of bioethanol production, the specific production cost of bioethanol is estimated at $ 0.52/l bioethanol, compared to $ 0.31–0.34/l bioethanol produced from sugarcane and $ 0.49–0.60/l bioethanol from other lignocellulosics. The net energy ratio of 7.48 for bioethanol production from OPF provides a promising alternative for OPF utilization as a non-food sugar feedstock.

  20. Processes subject to integrated pollution control. Petroleum processes: oil refining and associated processes

    International Nuclear Information System (INIS)

    1995-01-01

    This document, part of a series offering guidance on pollution control regulations issued by Her Majesty's Inspectorate of Pollution, (HMIP) focuses on petroleum processes such as oil refining and other associated processes. The various industrial processes used, their associated pollution release routes into the environment and techniques for controlling these releases are all discussed. Environmental quality standards are related to national and international agreements on pollution control and abatement. HMIP's work on air, water and land pollution monitoring is also reported. (UK)

  1. New Biofuel Alternatives: Integrating Waste Management and Single Cell Oil Production

    Science.gov (United States)

    Martínez, Elia Judith; Raghavan, Vijaya; González-Andrés, Fernando; Gómez, Xiomar

    2015-01-01

    Concerns about greenhouse gas emissions have increased research efforts into alternatives in bio-based processes. With regard to transport fuel, bioethanol and biodiesel are still the main biofuels used. It is expected that future production of these biofuels will be based on processes using either non-food competing biomasses, or characterised by low CO2 emissions. Many microorganisms, such as microalgae, yeast, bacteria and fungi, have the ability to accumulate oils under special culture conditions. Microbial oils might become one of the potential feed-stocks for biodiesel production in the near future. The use of these oils is currently under extensive research in order to reduce production costs associated with the fermentation process, which is a crucial factor to increase economic feasibility. An important way to reduce processing costs is the use of wastes as carbon sources. The aim of the present review is to describe the main aspects related to the use of different oleaginous microorganisms for lipid production and their performance when using bio-wastes. The possibilities for combining hydrogen (H2) and lipid production are also explored in an attempt for improving the economic feasibility of the process. PMID:25918941

  2. Integration of biological method and membrane technology in treating palm oil mill effluent

    Institute of Scientific and Technical Information of China (English)

    ZHANG Yejian; YAN Li; QIAO Xiangli; CHI Lina; NIU Xiangjun; MEI Zhijian; ZHANG Zhenjia

    2008-01-01

    Palm oil industry is the most important agro-industry in Malaysia, but its by-product-palm oil mill effluent (POME), posed a great threat to water environment. In the past decades, several treatment and disposal methods have been proposed and investigated to solve this problem. A two-stage pilot-scale plant was designed and constructed for POME treatment. Anaerobic digestion and aerobic biodegradation constituted the first biological stage, while ultrafiltration (UF) and reverse osmosis (RO) membrane units were combined as the second membrane separation stage. In the anaerobic expanded granular sludge bed (EGSB) reactor, about 43% organic matter in POME was converted into biogas, and COD reduction efficiency reached 93% and 22% in EGSB and the following aerobic reactor, respectively. With the treatment in the first biological stage, suspended solids and oil also decreased to a low degree. All these alleviated the membrane fouling and prolonged the membrane life. In the membrane process unit, almost all the suspended solids were captured by UF membranes, while RO membrane excluded most of the dissolved solids or inorganic salts from RO permeate. After the whole treatment processes, organic matter in POME expressed by BOD and COD was removed almost thoroughly. Suspended solids and color were not detectable in RO permeate any more, and mineral elements only existed in trace amount (except for K and Na). The high-quality effluent was crystal clear and could be used as the boiler feed water.

  3. Modelling oil-shale integrated tri-generator behaviour: predicted performance and financial assessment

    International Nuclear Information System (INIS)

    Jaber, J.O.; Probert, S.D.; Williams, P.T.

    1998-01-01

    A simple theoretical model relating the inputs and outputs of the proposed process has been developed; the main objectives being to predict the final products (i.e. the production rates for liquid and gaseous fuels as well as electricity), the total energy-conversion efficiency and the incurred costs under various operating conditions. The tri-production concept involves the use of a circulating fluidised-bed combustor together with a gasifier, retort and simple combined-cycle plant. The mathematical model requires mass and energy balances to be undertaken: these are based on the scarce published data about retorting as well as fluidised-bed combustion and gasification of oil shale. A prima facie case is made that the proposed tri-production plant provides an attractive and economic means for producing synthetic fuels and electricity from oil shale. The unit cost of electricity, so generated, would at present be about 0.057 US$ per kWh, assuming a 10% annual interest charge on the invested capital. If the produced shale oil could be sold for more than 25 US$ per barrel, then the cost of the generated electricity would be appropriately less and hence more competitive. (author)

  4. Modelling oil-shale integrated tri-generator behaviour: predicted performance and financial assessment

    Energy Technology Data Exchange (ETDEWEB)

    Jaber, J.O.; Probert, S.D. [Cranfield University, Bedford (United Kingdom). School of Mechanical Engineering; Williams, P.T. [Leeds University (United Kingdom). Dept. of Fuel and Energy

    1998-02-01

    A simple theoretical model relating the inputs and outputs of the proposed process has been developed; the main objectives being to predict the final products (i.e. the production rates for liquid and gaseous fuels as well as electricity), the total energy-conversion efficiency and the incurred costs under various operating conditions. The tri-production concept involves the use of a circulating fluidised-bed combustor together with a gasifier, retort and simple combined-cycle plant. The mathematical model requires mass and energy balances to be undertaken: these are based on the scarce published data about retorting as well as fluidised-bed combustion and gasification of oil shale. A prima facie case is made that the proposed tri-production plant provides an attractive and economic means for producing synthetic fuels and electricity from oil shale. The unit cost of electricity, so generated, would at present be about 0.057 US$ per kWh, assuming a 10% annual interest charge on the invested capital. If the produced shale oil could be sold for more than 25 US$ per barrel, then the cost of the generated electricity would be appropriately less and hence more competitive. (author)

  5. Integrated and comparative proteomics of high-oil and high-protein soybean seeds.

    Science.gov (United States)

    Xu, Xiu Ping; Liu, Hui; Tian, Lihong; Dong, Xiang Bai; Shen, Shi Hua; Qu, Le Qing

    2015-04-01

    We analysed the global protein expression in seeds of a high-oil soybean cultivar (Jiyu 73, JY73) by proteomics. More than 700 protein spots were detected and 363 protein spots were successfully identified. Comparison of the protein profile of JY73 with that of a high-protein cultivar (Zhonghuang 13, ZH13) revealed 40 differentially expressed proteins, including oil synthesis, redox/stress, hydrolysis and storage-related proteins. All redox/stress proteins were less or not expressed in JY73, whereas the expression of the major storage proteins, nitrogen and carbon metabolism-related proteins was higher in ZH13. Biochemical analysis of JY73 revealed that it was in a low oxidation state, with a high content of polyunsaturated fatty acids and vitamin E. Vitamin E was more active than antioxidant enzymes and protected the soybean seed in a lower oxidation state. The characteristics of high oil and high protein in soybean, we revealed, might provide a reference for soybean nutrition and soybean breeding. Copyright © 2014 Elsevier Ltd. All rights reserved.

  6. New Biofuel Alternatives: Integrating Waste Management and Single Cell Oil Production

    Directory of Open Access Journals (Sweden)

    Elia Judith Martínez

    2015-04-01

    Full Text Available Concerns about greenhouse gas emissions have increased research efforts into alternatives in bio-based processes. With regard to transport fuel, bioethanol and biodiesel are still the main biofuels used. It is expected that future production of these biofuels will be based on processes using either non-food competing biomasses, or characterised by low CO2 emissions. Many microorganisms, such as microalgae, yeast, bacteria and fungi, have the ability to accumulate oils under special culture conditions. Microbial oils might become one of the potential feed-stocks for biodiesel production in the near future. The use of these oils is currently under extensive research in order to reduce production costs associated with the fermentation process, which is a crucial factor to increase economic feasibility. An important way to reduce processing costs is the use of wastes as carbon sources. The aim of the present review is to describe the main aspects related to the use of different oleaginous microorganisms for lipid production and their performance when using bio-wastes. The possibilities for combining hydrogen (H2 and lipid production are also explored in an attempt for improving the economic feasibility of the process.

  7. New biofuel alternatives: integrating waste management and single cell oil production.

    Science.gov (United States)

    Martínez, Elia Judith; Raghavan, Vijaya; González-Andrés, Fernando; Gómez, Xiomar

    2015-04-24

    Concerns about greenhouse gas emissions have increased research efforts into alternatives in bio-based processes. With regard to transport fuel, bioethanol and biodiesel are still the main biofuels used. It is expected that future production of these biofuels will be based on processes using either non-food competing biomasses, or characterised by low CO₂ emissions. Many microorganisms, such as microalgae, yeast, bacteria and fungi, have the ability to accumulate oils under special culture conditions. Microbial oils might become one of the potential feed-stocks for biodiesel production in the near future. The use of these oils is currently under extensive research in order to reduce production costs associated with the fermentation process, which is a crucial factor to increase economic feasibility. An important way to reduce processing costs is the use of wastes as carbon sources. The aim of the present review is to describe the main aspects related to the use of different oleaginous microorganisms for lipid production and their performance when using bio-wastes. The possibilities for combining hydrogen (H₂) and lipid production are also explored in an attempt for improving the economic feasibility of the process.

  8. 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

  9. A Causal Relationship between Quality Management Practices, Supply-Chain Practices, Demand-Chain Practices, and Company Performance: Evidence from the Indonesia’s Oil and Gas Industry

    OpenAIRE

    Ciptono, Wakhid Slamet

    2015-01-01

    Studi ini mengembangkan suatu hubungan kausal antara lima konstruk penelitian QualityManagement Practices (QMP), Supply-Chain Practices (SCP), Demand-Chain Practices (DCP), CompanyPerformance (Value-Gain Performance atau VGP dan Monetary-Gain Performance atau MGP) denganmenggunakan Structural Equation Modeling (SEM)—studi kasus pada industri migas di Indonesia. Modelkonseptual penelitian ini merupakan kolaborasi dari berbagai penelitian sebelumnya yang terkait denganenam dimensi praktik manaj...

  10. Heat-pump-centered integrated community energy systems. System development, Consolidated Natural Gas Service Company, interim report

    Energy Technology Data Exchange (ETDEWEB)

    Tison, R.R.; Baker, N.R.; Yudow, B.D.; Sala, D.L.; Donakowski, T.D.; Swenson, P.F.

    1979-08-01

    Heat-pump-centered integrated community energy systems are energy systems for communities that provide heating, cooling, and/or other thermal energy services through the use of heat pumps. Since heat pumps primarily transfer energy from existing and otherwise probably unused sources, rather than convert it from electrical or chemical to thermal form, HP-ICES offer a significant potential for energy savings. Results of the System Development Phase of the HP-ICES Project are given. The heat-actuated (gas) heat-pump incorporated into this HP-ICES concept is under current development and demonstration. The concurrent program was redirected in September 1977 toward large-tonnage applications; it is currently focusing on 60- to 400-ton built-up systems for multi-zone applications. This study evaluates the performance of a HAHP-ICES as applied to a community of residential and commercial buildings. To permit a general assessment of the concept in non-site-specific terms, the sensitivity of the system's performance and economics to climate, community size, utility rate structures, and economic assumptions is explored. (MCW)

  11. Avaliação da carga de trabalho dos operadores de uma empresa distribuidora de derivados de petróleo Evaluation of an oil distributor company operator's workload

    Directory of Open Access Journals (Sweden)

    Lucimara Ballardin

    2009-01-01

    Full Text Available Este artigo mostra o método adotado e os resultados obtidos em estudo realizado com operadores de uma distribuidora de derivados de petróleo da região Sul do Brasil. O objetivo era avaliar a carga de trabalho e os fatores que interferem nessa carga, do ponto de vista dos operadores. A metodologia aplicada incluiu entrevistas e dois questionários, um adaptado do NASA-TLX e um para levantamento dos fatores que interferem na carga de trabalho. Os resultados indicaram que a maioria dos operadores percebe que a carga de trabalho é alta. Entre os componentes da carga de trabalho, o desempenho é a que tem peso maior, enquanto os problemas relacionados a equipamentos e sistemas informatizados são os que mais influenciam nessa carga. Tendo em vista os resultados obtidos, é necessário aperfeiçoar os subsistemas, técnico e organizacional, da empresa para gerar melhorias na performance, saúde e satisfação dos operadores.The aim of this study was to evaluate workloads as perceived by the operators of an oil distribution company in Southern Brazil. Workload levels were measured by a questionnaire adapted from the NASA-TLX, and the factors that impact on the workload were identified by interviews and questionnaire. The results showed that the workload level is high, mainly due to technical constraints (such as equipment and computational problems. Performance is the component which most influences workload. According to the results, it is necessary to improve the technical and organizational subsystems of the oil distribution company in order to improve human performance as well as the health and safety of the operators.

  12. Comparative study of cost-benefit integrated system of water spary with industrial ventilation and bag filters in a minerals processing company

    Directory of Open Access Journals (Sweden)

    Morteza Babaei

    2016-06-01

    Full Text Available Introduction: Control of fugitative dust from mining process and application of an appropriate and economical system for dust collecting is essential. The goal of this study was cost-benefit analysis of an integrated systems and compare to bag filter in a crushing plant of a mining company. Methods: A local exhaust ventilation system for capture of emitted particlees, a water spray for dust suppresion at sources and parallel Stairmand model cyclones as dust colletor were designed and installed based on the standards and guidelines. Then, efficiency of wetting and industrial ventilation system for control of ambient dust personal exposure and environmental emission have evaluated as integrated and alone. Finally, cost-benefit analysis of this system was compared to bag filter. Results: The efficiency of this system for control personal exposure repairable particles and emitted dust to ambient air was 87% and 95% for plant 1 and 88% and 95% for plant 2, respectively. The concentration of emitted emitted dust from stack to environment were 121.28 mg/m3 and 112/68 mg/m3 for plant 1 and 2, respectively. The capital, operational and maintence costs of this option was 217 and 0.992 billion rials lower than bag filter. Also, annuall collected dust by cyclones was worth 518 million rial. Conclusion: According to results, integrated system had a significant impact on emitted dust in workplace and environment. The economical analysis domonstrated 73% and 80% savings in capital and operational costs compared to bag filter. Total costs of implented project will be compensated at 220 day with recovered dusts, therefore, in the same condition, it can be suggested as the favourable and economical solution.

  13. International oil market: instability and restructuring

    Energy Technology Data Exchange (ETDEWEB)

    Ayoub, A

    1988-12-01

    The three phenomena which today dominate the international oil market are: 1. the downward price trend since 1981 and the uncertainty about medium and long term price evolution; 2. chronic price instability in the short term; 3. the trend toward new forms of vertical integration and concentration which are now stabilizing a market confronted by a weakening OPEC and free markets which are volatile. The new market restructuring the present period for the international oil sector as a transition period, with the following characteristics: 1. an evident convergence in the motivations of the major oil companies and of a number of OPEC countries, to see a certain stability restored in the oil market based on vertical integration and concentration; 2. markets cannot be stabilized by political agreements between the states, but only by reciprocal financial implications and participations between companies according to the rules of the business world; 3. the market as a whole will still continue for a certain time to be governed by the OPEC-free market pair, with alternating domination by one or the other according to the economic situation. Nevertheless, the longer the market continues to be unstable, the more the trend toward concentration and integration will intensify.

  14. INVESTIGATION OF PIPELINES INTEGRITY ASSOCIATED WITH PUMP MODULES VIBRATION FOR PUMPING STATION 9 OF ALYESKA PIPELINE SERVICE COMPANY

    Energy Technology Data Exchange (ETDEWEB)

    Wang, Jy-An John [ORNL

    2009-09-01

    Since the operation of PS09 SR module in 2007, it has been observed that there is vibration in various parts of the structures, on various segments of piping, and on appurtenance items. At DOT Pipeline and Hazardous Materials Safety Administration (PHMSA) request, ORNL Subject Matter Experts support PHMSA in its review and analysis of the observed vibration phenomenon. The review and analysis consider possible effects of pipeline design features, vibration characteristics, machinery configuration, and operating practices on the structural capacity and leak tight integrity of the pipeline. Emphasis is placed on protection of welded joints and machinery against failure from cyclic loading. A series of vibration measurements were carried out by the author during the site visit to PS09, the power of the operating pump during the data collection is at about 2970KW, which is less than that of APSC's vibration data collected at 3900KW. Thus, a first order proportional factor of 4900/2970 was used to project the measured velocity data to that of APSC's measurement of the velocity data. It is also noted here that the average or the peak-hold value of the measured velocity data was used in the author's reported data, and only the maximum peak-hold data was used in APSC's reported data. Therefore, in some cases APSC's data is higher than the author's projective estimates that using the average data. In general the projected velocity data are consistent with APSC's measurements; the examples of comparison at various locations are illustrated in the Table 1. This exercise validates and confirms the report vibration data stated in APSC's summary report. After the reinforcement project for PS09 Station, a significant reduction of vibration intensity was observed for the associated pipelines at the SR Modules. EDI Co. provided a detailed vibration intensity investigation for the newly reinforced Pump Module structures and the associated

  15. Integrating technology in a changing organisation

    International Nuclear Information System (INIS)

    Guillon, O.

    1996-01-01

    The paper relates to integrating technology in a changing organisation of Elf Aquitaine. There is a strong pressure to cut costs and be more effective in the company's operations. A process was initiated in 1994 to re-analyse its E and P (Exploration and Production) research and development (R and D) in order to enhance its alignment with the company assets needs, with a subsequent prioritization of R and D projects. The integration included a strategy for cooperation with other oil and service companies. The author presents the process set up to align the company's R and D program to the business needs of its operations, the various levels of cooperation used, and finally an illustration, in the domain of the geosciences, of the various facets of the ongoing cultural revolution which is required to reach a true integration. 11 figs

  16. Integrated predictive maintenance program vibration and lube oil analysis: Part I - history and the vibration program

    Energy Technology Data Exchange (ETDEWEB)

    Maxwell, H.

    1996-12-01

    This paper is the first of two papers which describe the Predictive Maintenance Program for rotating machines at the Palo Verde Nuclear Generating Station. The organization has recently been restructured and significant benefits have been realized by the interaction, or {open_quotes}synergy{close_quotes} between the Vibration Program and the Lube Oil Analysis Program. This paper starts with the oldest part of the program - the Vibration Program and discusses the evolution of the program to its current state. The {open_quotes}Vibration{close_quotes} view of the combined program is then presented.

  17. Integrated predictive maintenance program vibration and lube oil analysis: Part I - history and the vibration program

    International Nuclear Information System (INIS)

    Maxwell, H.

    1996-01-01

    This paper is the first of two papers which describe the Predictive Maintenance Program for rotating machines at the Palo Verde Nuclear Generating Station. The organization has recently been restructured and significant benefits have been realized by the interaction, or open-quotes synergyclose quotes between the Vibration Program and the Lube Oil Analysis Program. This paper starts with the oldest part of the program - the Vibration Program and discusses the evolution of the program to its current state. The open-quotes Vibrationclose quotes view of the combined program is then presented

  18. Integrating economy, ecology and uncertainty in an oil-spill DSS: The Prestige accident in Spain, 2002

    Science.gov (United States)

    Wirtz, Kai W.; Liu, Xin

    2006-12-01

    Major accidental oil spills still affect sensitive marine areas and shorelines around the world, constituting a challenge for operational as well as strategic contingency management. As a rationale basis for addressing both issues we here propose a Decision Support System (DSS) consisting of a combination of modelling and evaluation methods which in particular assesses various impacts on habitats and local economies. By integrating the state-of-the-art oil spill contingency simulation system OSCAR with wind and current forecasts, environmental GIS data and multi-criteria analysis techniques, the DSS is able to rank different response actions to a chemical or oil spill. In this study, the usefulness of the approach is tested by hindcasting the Prestige accident off the coast of Spain in 2002. In particular, the short- to mid-term economic and ecological consequences of different mitigation measures are estimated. We identified clearly one worst option matching the actual decision taken by the responsible parties and one or two almost equally well performing routes. Two procedures of including uncertainty at various stages of the DSS are tested. The first method averages ensembles of outcomes between each modelling/evaluation stage, while the second one preserves the entire degree of freedom till the final ranking procedure. Results in the Prestige case turned out to be rather insensitive against both ways to account for uncertainties. The robustness as well as clarity of the DSS has the potential to enhance the efficiency of decision making even in politically sensitive situations. Limitations as well as ongoing improvements of the system are highlighted, in particular emphasizing linkages to environmental economics.

  19. CORE-BASED INTEGRATED SEDIMENTOLOGIC, STRATIGRAPHIC, AND GEOCHEMICAL ANALYSIS OF THE OIL SHALE BEARING GREEN RIVER FORMATION, UINTA BASIN, UTAH

    Energy Technology Data Exchange (ETDEWEB)

    Lauren P. Birgenheier; Michael D. Vanden Berg,

    2011-04-11

    An integrated detailed sedimentologic, stratigraphic, and geochemical study of Utah's Green River Formation has found that Lake Uinta evolved in three phases (1) a freshwater rising lake phase below the Mahogany zone, (2) an anoxic deep lake phase above the base of the Mahogany zone and (3) a hypersaline lake phase within the middle and upper R-8. This long term lake evolution was driven by tectonic basin development and the balance of sediment and water fill with the neighboring basins, as postulated by models developed from the Greater Green River Basin by Carroll and Bohacs (1999). Early Eocene abrupt global-warming events may have had significant control on deposition through the amount of sediment production and deposition rates, such that lean zones below the Mahogany zone record hyperthermal events and rich zones record periods between hyperthermals. This type of climatic control on short-term and long-term lake evolution and deposition has been previously overlooked. This geologic history contains key points relevant to oil shale development and engineering design including: (1) Stratigraphic changes in oil shale quality and composition are systematic and can be related to spatial and temporal changes in the depositional environment and basin dynamics. (2) The inorganic mineral matrix of oil shale units changes significantly from clay mineral/dolomite dominated to calcite above the base of the Mahogany zone. This variation may result in significant differences in pyrolysis products and geomechanical properties relevant to development and should be incorporated into engineering experiments. (3) This study includes a region in the Uinta Basin that would be highly prospective for application of in-situ production techniques. Stratigraphic targets for in-situ recovery techniques should extend above and below the Mahogany zone and include the upper R-6 and lower R-8.

  20. Proceedings of ITOHOS 2008 : The 2008 SPE/PS/CHOA International Thermal Operations and Heavy Oil Symposium : Heavy Oil : Integrating the Pieces

    International Nuclear Information System (INIS)

    2008-10-01

    This multi-disciplinary conference and exhibition combined the Society of Petroleum Engineers (SPE) and the Petroleum Society's (PS) international thermal operations and heavy oil symposium, and the Canadian Heavy Oil Association's (CHOA) annual business meeting. The conference provided a forum to examine emerging technologies and other critical issues affecting the global heavy oil and bitumen industry. The most current technologies from around the world that enhance the recovery of heavy oil and bitumen from oil sand deposits were also showcased. The technical program encompassed the economic, technical, and environmental challenges that the petroleum industry is currently facing. The sessions of the conference were entitled: artificial lift; mining, extraction and cold production; simulation; solvent processes; reservoir characterization; steam generation and water treatment; and, in-situ combustion in Canada. The conference also featured a series of short courses and tutorials on heavy oil wellbore completions and design; drilling horizontal heavy oil wells and steam assisted gravity drainage (SAGD) wells; geomechanical based reservoir monitoring; thermal well design; fiber optic thermal monitoring; heavy oil thermal recovery and economics; wellbore slotting; advanced geomechanics; and, an overview of cold heavy oil production with sand (CHOPS). All 91 presentations from the conference have been catalogued separately for inclusion in this database. refs., tabs., figs

  1. Proceedings of ITOHOS 2008 : The 2008 SPE/PS/CHOA International Thermal Operations and Heavy Oil Symposium : Heavy Oil : Integrating the Pieces

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-10-15

    This multi-disciplinary conference and exhibition combined the Society of Petroleum Engineers (SPE) and the Petroleum Society's (PS) international thermal operations and heavy oil symposium, and the Canadian Heavy Oil Association's (CHOA) annual business meeting. The conference provided a forum to examine emerging technologies and other critical issues affecting the global heavy oil and bitumen industry. The most current technologies from around the world that enhance the recovery of heavy oil and bitumen from oil sand deposits were also showcased. The technical program encompassed the economic, technical, and environmental challenges that the petroleum industry is currently facing. The sessions of the conference were entitled: artificial lift; mining, extraction and cold production; simulation; solvent processes; reservoir characterization; steam generation and water treatment; and, in-situ combustion in Canada. The conference also featured a series of short courses and tutorials on heavy oil wellbore completions and design; drilling horizontal heavy oil wells and steam assisted gravity drainage (SAGD) wells; geomechanical based reservoir monitoring; thermal well design; fiber optic thermal monitoring; heavy oil thermal recovery and economics; wellbore slotting; advanced geomechanics; and, an overview of cold heavy oil production with sand (CHOPS). All 91 presentations from the conference have been catalogued separately for inclusion in this database. refs., tabs., figs.

  2. 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)

  3. Detailed oil spill contingency analysis in establishment of preparedness plans for exploration drilling in environmentally sensitive areas: an integrated management process

    Energy Technology Data Exchange (ETDEWEB)

    Spikkerud, Cathrine S.; Skeie, Geir Morten; Brude, Odd Willy; Gravir, Gjermund [DNV Managing Risk, Oslo (Norway)

    2008-07-01

    This paper describes the integrated management process leading up to a dynamic oil spill preparedness plan based on detailed analysis of oil spill contingency requirements and environmental risk in environmentally sensitive areas. Starting with a detailed environmental risk and oil spill contingency analysis, oil spill preparedness plans are developed. These plans are generic for the area possibly affected by an oil spill, and are developed in detail for environmental 'hot spots' that are highly challenging in terms of oil spill response. The detailed plans make use of detailed data sets on shoreline substrate sensitivities and cleanup methodology, photographic inventory, logistical issues and access to real-time incident data for important areas. This detailed approach ensures sufficient knowledge about the sensitive area in advance to provide fast and correct strategic and tactical operational recovery decisions. A final element of the integrated process is a web based GIS, providing all parties involved with one common situation overview, ensuring that the facts remain in focus throughout the operation and that those responsible for informing stake-holders have access to correct and timely updated information. (author)

  4. A METHODOLOGY BASED ON AN ECOLOGICAL ECONOMY APPROACH FOR THE INTEGRATING MANAGEMENT OF THE SULPHUROUS WATER IN AN OIL REFINERY

    Directory of Open Access Journals (Sweden)

    Gabriel Orlando Lobelles Sardiñas

    2016-10-01

    Full Text Available Despite the current highly stringent international standards regulating the contaminating emissions to the environment, the Oil refinery of Cienfuegos is still generating liquid and gaseous emissions contaminating the environment. The construction of new units as part of the Refinery expansion leads to an increase of these emissions due to the lack of technologies for the reutilization of the sulphurous water. The objective of this paper is to propose a methodology for the integral management of the sulphurous residual water in the oil refining process, including the evaluation and selection of the most feasible technological variant to minimize the sulphur contamination of water and the resulting emissions during the process. The methodology is based on the ecological economy tools, allowing a comprehensible evaluation of six technological variants at the refinery of Cienfuegos. The Life Cycle Assessment was applied (ACV by its Spanish acronym, by means of the software SimaPro 7.1. It was evaluated through the Eco Speed Method, to minimize the possible uncertainty. An economic evaluation was performed, taking into account the external costs for a more comprehensive analysis, enabling, along with the ecological indicators, the selection of the best technological variant, achieving a methodology based on a comprehensive evaluation, and as a positive impact, the implementation of the chosen variant (V5, 98.27% of the process water was recovered, as well as the sulphur that recovered from 94 to 99.8 %, reducing the emissions from 12 200 to 120 mg/Nm3 as SO2.

  5. An integrated approach for estimating oil volume in petroleum-contaminated sites: a North American case study

    International Nuclear Information System (INIS)

    Chen, Z.; Huang, G.H.; Chakma, A.

    1999-01-01

    An integrated approach for estimating the distribution of light nonaqueous phase liquids (LNAPLs) such as oil spill and leakage in a porous media is proposed, based on a study at a site located in western Canada. The site has one original release source that is a flare pit, with on-site soil and groundwater seriously contaminated by petroleum products spilled over the past two decades. Results of the study show that soil properties and site characteristics have significant impact on the spreading of contaminants which affect the estimation of contaminant volume. Although the LNAPLs in the subsurface do not appear as a distinct layer, and the volume and distribution differ from site to site, the proposed method offers insight into the contamination details and is, therefore, considered to be an effective and convenient tool for obtaining a reasonable estimate of residual oil volume in the subsurface. Results could also be used in designing an enhanced recovery scheme for the site under study, as well as in designing multi-component models of the subsurface contamination for the purpose of risk assessment. 13 refs., 2 tabs., 2 figs

  6. Palm oil mill effluent treatment using a two-stage microbial fuel cells system integrated with immobilized biological aerated filters.

    Science.gov (United States)

    Cheng, Jia; Zhu, Xiuping; Ni, Jinren; Borthwick, Alistair

    2010-04-01

    An integrated system of two-stage microbial fuel cells (MFCs) and immobilized biological aerated filters (I-BAFs) was used to treat palm oil mill effluent (POME) at laboratory scale. By replacing the conventional two-stage up-flow anaerobic sludge blanket (UASB) with a newly proposed upflow membrane-less microbial fuel cell (UML-MFC) in the integrated system, significant improvements on NH(3)-N removal were observed and direct electricity generation implemented in both MFC1 and MFC2. Moreover, the coupled iron-carbon micro-electrolysis in the cathode of MFC2 further enhanced treatment efficiency of organic compounds. The I-BAFs played a major role in further removal of NH(3)-N and COD. For influent COD and NH(3)-N of 10,000 and 125 mg/L, respectively, the final effluents COD and NH(3)-N were below 350 and 8 mg/L, with removal rates higher than 96.5% and 93.6%. The GC-MS analysis indicated that most of the contaminants were satisfactorily biodegraded by the integrated system. Copyright 2009 Elsevier Ltd. All rights reserved.

  7. The integration between strategic planning and environmental management in the oil and gas segment. PETROBRAS S/A case study; A integracao entre o planejamento estrategico e gestao ambiental no segmento de petroleo e gas. O caso da PETROBRAS S/A

    Energy Technology Data Exchange (ETDEWEB)

    Lins, Luiz dos Santos

    2007-10-15

    One of the ways of measuring the importance of environmental management in productive activities that have a high risk of accidents is to evaluate the integration level between environmental management adopted by the company and its strategic planning. The analysis of this interaction becomes even more relevant when the range considered is ten years, from 1995 to 2004, and besides that, when during this period there are serious environmental accidents that have a strong repercussion in the media. The biggest Brazilian company, PETROBRAS - Petroleo Brasileiro S/A had in 2000 two serious environmental accidents with a total oil spill of approximately 5.3 million liters. These accidents caused severe changes in the company's environmental management having direct influence in its strategic planning. This thesis aims at: discussing the integration between PETROBRAS - Petroleo Brasileiro S/A environment management and its strategic plans from 1995 to 2004; evidencing the changes that occurred after the environmental accidents, as well as, verifying the possible effects upon the economical and financial results and the company's behavior during the period. (author)

  8. The integration between strategic planning and environmental management in the oil and gas segment. PETROBRAS S/A case study; A integracao entre o planejamento estrategico e gestao ambiental no segmento de petroleo e gas. O caso da PETROBRAS S/A

    Energy Technology Data Exchange (ETDEWEB)

    Lins, Luiz dos Santos

    2007-10-15

    One of the ways of measuring the importance of environmental management in productive activities that have a high risk of accidents is to evaluate the integration level between environmental management adopted by the company and its strategic planning. The analysis of this interaction becomes even more relevant when the range considered is ten years, from 1995 to 2004, and besides that, when during this period there are serious environmental accidents that have a strong repercussion in the media. The biggest Brazilian company, PETROBRAS - Petroleo Brasileiro S/A had in 2000 two serious environmental accidents with a total oil spill of approximately 5.3 million liters. These accidents caused severe changes in the company's environmental management having direct influence in its strategic planning. This thesis aims at: discussing the integration between PETROBRAS - Petroleo Brasileiro S/A environment management and its strategic plans from 1995 to 2004; evidencing the changes that occurred after the environmental accidents, as well as, verifying the possible effects upon the economical and financial results and the company's behavior during the period. (author)

  9. Integral process of obtaining glycerol as a by-product of biodiesel production from castor oil

    Directory of Open Access Journals (Sweden)

    Leonel Romero

    2012-12-01

    Full Text Available The biodiesel is obtained from about 10 years ago in Europe, and now that it has taken hold as fuel for diesel engines, it is expected a clear increase in the production of this class of fuels in a the near future. The biodiesel is derived from the transesterification reaction of castor oil with methanol, which is the main by-product the glycerol with an approximate content of 10%. Besides catalyst residuals, soaps, methanol traces, mono and diglycerides in small percentages are presented. This study proposes the separation, purification and characterization of the glycerol obtained from the transesterificación reaction of the castor oil, in order to be able to market it in the national or international market, so that it fulfills the standards of quality, which means getting a pure glycerol and the appropriate physico-chemical characteristics and techniques. The glycerin-methyl esters separation is carried out by decantation being obtained a percentage of around 70% glycerol. This percentage is subsequently increased through the purification process, using hydrochloric acid. Glycerol characterization was carried out by physicochemical and organoleptic tests. The purification process allowed us to obtain a glycerol with a percentage of purity close to 98%. It was also tested by comparison with theoretical data that remnants influenced in the physiochemical properties

  10. Integrated design of a conventional crude oil distillation tower using pinch analysis

    Energy Technology Data Exchange (ETDEWEB)

    Liebmann, K.; Dhole, V.R.; Jobson, M. [UMIST, Manchester (United Kingdom). Dept. of Process Integration

    1998-03-01

    The substantial energy requirement of crude oil distillation columns is met partly by costly utilities, such as steam and fuel for fired heaters, and partly by heat recovered from the process, using process-to-process heat exchange. Energy savings, therefore, demand not only a distillation column that is energy-efficient, but also a heat exchanger network (HEN) which minimizes utility costs by maximizing heat recovery. A new crude oil distillation design procedure is presented which considers the column, the HEN and their interactions simultaneously, to minimize utility costs. Pinch analysis is used to determine minimum utility costs prior to the design of the HEN. In this method, the column is decomposed into a sequence of simple columns, which enables appropriate distribution of stages and simplifies analysis. Modifications, which further increase the efficiency of the process, are proposed: these are the installation of reboilers, rather than stripping steam, and the thermal coupling of column sections. The detrimental effects of these modifications on the heat recovery opportunities of the process are analysed for a distillation tower with side-strippers. A new step-by-step design procedure is derived from this analysis, and is applied to a case study. (author)

  11. Modelling oil-shale integrated tri-generator behaviour: predicted performance and financial assessment

    Energy Technology Data Exchange (ETDEWEB)

    Jaber, J.O.; Probert, S.D. [Cranfield University, Bedford (United Kingdom). School of Mechanical Engineering; Williams, P.T. [Leeds University (United Kingdom). Dept. of Fuel and Energy

    1998-03-01

    A simple theoretical model relating the inputs and outputs of the proposed process has been developed; the main objectives being to predict the final products (i.e., the production rates for liquid and gaseous fuels as well as electricity), the total energy-conversion efficiency and the incurred costs under various operating conditions. The tri-production concept involves the use of a circulating fluidised-bed combustor together with a gasifier, retort and simple combined-cycle plant. The mathematical model requires mass and energy balances to be undertaken: these are based on the scarce published data about retorting as well as fluidised-bed combustion and gasification of oilshale. A prima facie case is made that the proposed tri-production plant provides an attractive and economic means for producing synthetic fuels and electricity from oil shale. The unit cost of electricity, so generated, would at present be about 0.057 US$ per kWh, assuming a 10% annual interest charge on the invested capital. If the produced shale oil could be sold for more than 25 US$ per barrel, then the cost of the generated electricity would be appropriately less and hence more competitive. (author)

  12. Integration of nuclear energy into oil sands projects - HTR2008-58239

    International Nuclear Information System (INIS)

    Finan, A.; Kadak, A. C.

    2008-01-01

    Energy security and greenhouse gas reductions are thought to be two of the most urgent priorities for sustaining and improving the human condition in the future. Few places pit the two goals so directly in opposition to one another as the Alberta oil sands. Here, Canadian natural gas is burned in massive quantities to extract oil from one of North America's largest native sources of carbon-intensive heavy oil. This conflict need not continue, however; non-emitting nuclear energy can replace natural gas as a fuel source in an economical and more environmentally sound way. This would allow for the continued extraction of transportation fuels without greenhouse gas emissions, while freeing up the natural gas supply for hydrogen feedstock and other valuable applications. Bitumen production in Alberta has expanded dramatically in the past five years as the price of oil has risen to record levels. This paper explores the feasibility and economics of using nuclear energy to power future oil sands production and upgrading activities, and puts forth several nuclear energy application scenarios for providing steam and electricity to in-situ and surface mining operations. This review includes the Enhanced CANDU 6, the Advanced CANDU Reactor (ACR) and the Pebble Bed Modular Reactor (PBMR). Based on reasonable projections of available cost information, nuclear energy used for steam production is expected to be less expensive than steam produced by natural gas at current natural gas prices and under $7/MMBtu (CAD). For electricity production, nuclear becomes competitive with natural gas plants at natural gas prices of $10-13/MMBtu (CAD). Costs of constructing nuclear plants in Alberta are affected by higher local labor costs, which this paper took into account in making these estimates. Although more definitive analysis of construction costs and project economics will be required to confirm these findings, there appears to be sufficient merit in the potential economics to

  13. 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...

  14. Business process modeling of industrial maintenance at TRANSPETRO: integrating oil pipeline and marine terminals activities

    Energy Technology Data Exchange (ETDEWEB)

    Arruda, Daniela Mendonca; Oliveira, Italo Luiz [TRANSPETRO - PETROBRAS Transporte S.A., Rio de Janeiro, RJ (Brazil). Diretoria de Terminais e Oleodutos; Almeida, Maria Fatima Ludovico de [Pontificia Universidade Catolica do Rio de Janeiro (PUC-Rio), Rio de Janeiro, RJ (Brazil). Programa de Pos-Graduacao em Metrologia para Qualidade e Inovacao

    2009-07-01

    This paper describes the experience of TRANSPETRO in remodeling industrial maintenance activities focusing on: preparing for business process modeling (BPM); mapping and analyzing 'As-Is' process; designing 'To-Be' process; implementing remodeled process; improving process continuously. The conceptual model and results achieved will contribute to several areas within the company as: reliability engineering; human resources, including employees' selective processes, training and development, and certifications; standardization process encompassing standard and operational procedures adoption according to up-dating external normative references and legal requirements; health, safety and environment (HSE) performance improvement. These are some of potential benefits from BPM focusing on TRANSPETRO's industrial maintenance area in the search of operational excellence. (author)

  15. Competitive strategies and strategic positioning of oil companies in the international oil business: theory and practice in perspective; Strategies competitives et positionnement strategique des compagnies petrolieres dans le commerce petrolier international. Theorie et pratique en perspective

    Energy Technology Data Exchange (ETDEWEB)

    Dos Santos, E.M. [Sao Paulo Univ., SP (Brazil). Inst. de Electrotecnica e Energia-IEE; Teixeira Carneiro, J.M. [Pontifical Catholic University (Brazil). Managirial Science Dept.; Ferreira Deschamps Cvalcanti, M.A. [PETROBRAS, Rio de Janeiro, RJ (Brazil). Strategic Planning for the Downstream

    1999-05-01

    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)

  16. Integrated-plant-safety assessment Systematic Evaluation program. Millstone Nuclear Power Station, Unit 1, Northeast Nuclear Energy Company, Docket No. 50-245

    International Nuclear Information System (INIS)

    1982-11-01

    The Systematic Evaluation Program was initiated in February 1977 to review the designs of older operating nuclear reactor plants to reconfirm and document their safety. The review provides: (1) an assessment of how these plants compare with current licensing safety requirements relating to selected issues, (2) a basis for deciding on how these differences should be resolved in an integrated plant review, and (3) a documented evaluation of plant safety. This report documents the review of the Millstone Nuclear Power Station, Unit 1, operated by Northeast Nuclear Energy Company (located in Waterford, Connecticut). Millstone Nuclear Power Station, Unit 1, is one of ten plants reviewed under Phase II of this program. This report indicates how 137 topics selected for review under Phase I of the program were addressed. Equipment and procedural changes have been identified as a result of the review. It is expected that this report will be one of the bases in considering the issuance of a full-term operating license in place of the existing provisional operating license

  17. Integrated-plant-safety assessment Systematic Evaluation Program. Dresden Nuclear Power Station, Unit 2, Commonwealth Edison Company, Docket No. 50-237

    International Nuclear Information System (INIS)

    1982-10-01

    The Systematic Evaluation Program was initiated in February 1977 by the US Nuclear Regulatory Commission to review the designs of older operating nuclear reactor plants to reconfirm and document their safety. The review provides: (1) an assessment of how these plants compare with current licensing safety requirements relating to selected issues; (2) a basis for deciding on how these differences should be resolved in an integrated plant review; and (3) a documented evaluation of plant safety. This report documents the review of Dresden Nuclear Generating Station, Unit 2 owned and operated by the Commonwealth Edison Company and located in Grundy County, Illinois. Dresden Unit 2 is one of ten plants reviewed under Phase II of this program, which indicates how 137 topics selected for review under Phase I of the program were addressed. Equipment and procedural changes have been identified as a result of the review. It is expected that this report will be one of the bases in considering the issuance of a full-term operating license in place of the existing provisional operating license

  18. 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

  19. Life performance of oil and gas platforms: Site integration and thermodynamic evaluation

    DEFF Research Database (Denmark)

    Nguyen, Tuong-Van; Fülöp, Tamás Gábor; Breuhaus, Peter

    2014-01-01

    requirements are assessed by a process integration study, and the system inefficiencies are pinpointed by performing an exergy accounting. The heating and cooling requirements vary significantly over time, and most inefficiencies take place in processes where chemical exergy is consumed (50-55%), thermal...... exergy is transferred (15-20%), or mechanical exergy is varied (10-15%). These findings are valid for all production periods: this suggests that more attention should be paid on a proper integration of the processing and utility plants, by, for instance, recovering heat from the turbine exhausts and from...

  20. Planning international transit oil pipeline projects in Croatia

    International Nuclear Information System (INIS)

    Sekulic, G.; Vrbic, D.

    2004-01-01

    Planning and development of international oil pipeline projects are aimed primarily at enhancing the safety of crude oil supply. Pipeline development is affected by a variety of overlapping factors, such as energy - and environment-protection-related factors, as well as political, economic, legislative, social, technical and technological ones. The success of any pipeline planning, construction and operation in the present conditions will depend upon the degree to which the above factors have been brought in line with global trends. The government should create stable political, economic and legislative frameworks that will meet the global requirements of crude oil transport development. As regards (new) transportation companies, their function is to secure safe transport by providing competitive tariffs and granting environmental protection. A prerequisite for the pipeline planning is to have both major crude oil consumers and producers (as well as their economic and political integrations) consider any state or company as potential partners for crude oil transport and transit, respectively. Croatia and the JANAF transport company have been 'chosen' as one of priority routes for European supply with crude oil from the Caspian region and Russia and one of the directions for Russian crude oil export due to a number of advantages, opportunities and prospects for a successful development. Two international oil pipeline projects - the Druzba Adria Project and the Constanta-Pancevo-Omisalj-Trieste Project - are currently under consideration. The government commitment towards these projects has been documented by the Croatian Energy Development Strategy (April 2002) and by the Programme for its implementation (March 2004). JANAF has assumed the responsibility for carrying out the project preparation activities assigned to it by the Croatian Government and the pertinent ministries. Cooperation between JANAF and government institutions is an integral part of the procedure