WorldWideScience

Sample records for national oil companies

  1. 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)

  2. 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)

  3. 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.

  4. Strategies of African national oil companies

    International Nuclear Information System (INIS)

    Auge, Benjamin

    2017-09-01

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

  5. 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)

  6. 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

  7. 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

  8. 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

  9. National and multinational oil companies. Strategy and performance

    International Nuclear Information System (INIS)

    Baddout, J.

    2009-01-01

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

  10. 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

  11. 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.

  12. 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

  13. 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)

  14. 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

  15. 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

  16. 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

  17. 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 ...

  18. 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)

  19. 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.

  20. 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)

  1. 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)

  2. 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

  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. 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

  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. 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.

  7. 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)

  8. 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.)

  9. 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

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

    International Nuclear Information System (INIS)

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

    2002-01-01

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

  11. 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...

  12. 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.

  13. 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.

  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. 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)

  16. 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.

  17. 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

  18. 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

  19. 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.

  20. 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 ...

  1. 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.)

  2. 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

  3. 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

  4. 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.

  5. Falling R and D in oil companies

    International Nuclear Information System (INIS)

    Creusen, H.; Minne, B.

    2000-01-01

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

  6. Oil companies and village development in Nigeria

    International Nuclear Information System (INIS)

    Ikporukpo, C.O.

    1993-01-01

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

  7. 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 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.

  9. 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.

  10. 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

  11. 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)

  12. 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.

  13. 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

  14. 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)

  15. 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

  16. 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)

  17. 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

  18. 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.

  19. CONDITIONS OF FORMING OIL COMPANY INNOVATIVE DEVELOPMENT MODEL

    Directory of Open Access Journals (Sweden)

    A. N. Dmitrievsky

    2012-01-01

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

  20. 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...

  1. 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

  2. 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 ...

  3. 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

  4. 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

  5. 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)

  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. 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.

  8. 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)

  9. 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.

  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. 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)

  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. 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...

  16. 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)

  17. 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

  18. 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.

  19. 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

  20. Approaches of Russian oil companies to optimal capital structure

    Science.gov (United States)

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

    2015-11-01

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

  1. 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.

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

    Directory of Open Access Journals (Sweden)

    Sigit Rahardjo

    2015-08-01

    various factors which are interconnected and it impacts on the companies at the same time. In addition for the moment the companies which engage in upstream oil and gas sectors in Indonesia are quite a lot either domestic National Oil Company or International Oil Company IOC. Currently companies in Indonesia are in the form of Production Sharing Contractor Joint Operating Body and Cooperation Operation KSO and currently upstream sector companies specifically which are producing are more than 50 companies.

  3. 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

  4. 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.

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

    International Nuclear Information System (INIS)

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

    2001-10-01

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

  6. 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)

  7. 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.

  8. 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.)

  9. 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.

  10. 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)

  11. Profiler : Canadian oil and gas : the First Nations : building successful partnerships

    Energy Technology Data Exchange (ETDEWEB)

    Anon.

    2010-05-15

    Canada's petroleum and natural gas is often produced in remote areas where the majority of the population is Aboriginal. Many First Nations and Metis communities are now playing an active role in Canada's oil and gas industry. Aboriginal-owned companies have earned more than $2.6 billion in the oil sands region since 1999. In 2007, the value of contracts between Alberta oil sands companies and Aboriginal companies was estimated at $606 million. This special supplement discussed First Nations partnerships in the oil and gas industry. Articles in the supplement presented new employment, training and partnership activities in the oil and gas industry as well as activities related to emerging unconventional resources. Educational programs and training facilities were described. The employment and procurement practices of leading oil and gas operators were discussed. The supplement featured presentations by several leading oil and gas companies. tabs., figs.

  12. 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)

  13. 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.

  14. 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)

  15. 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.

  16. 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

  17. 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

  18. 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

  19. 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.

  20. 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.

  1. 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

  2. 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.

  3. 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...

  4. 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)

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

    Directory of Open Access Journals (Sweden)

    Monireh Abbasi

    2017-09-01

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

  6. 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

  7. 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

  8. 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

  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. 75 FR 18908 - Jackson National Life Insurance Company, et al.

    Science.gov (United States)

    2010-04-13

    ... SECURITIES AND EXCHANGE COMMISSION [Release No. IC-29205; File No. 812-13703] Jackson National Life Insurance Company, et al. April 7, 2010. AGENCY: The Securities and Exchange Commission (``Commission''). ACTION: Notice of application for an order under Section 6(c) of the Investment Company Act of...

  11. 75 FR 60833 - Jackson National Life Insurance Company, et al.;

    Science.gov (United States)

    2010-10-01

    ... SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 29442; File No. 812-13765] Jackson National Life Insurance Company, et al.; Notice of Application September 27, 2010. AGENCY: Securities and Exchange Commission (``Commission''). ACTION: Notice of application for an order under section...

  12. 76 FR 19150 - Jackson National Life Insurance Company, et al.

    Science.gov (United States)

    2011-04-06

    ... SECURITIES AND EXCHANGE COMMISSION [Release No. IC-29621; File No. 812-13841] Jackson National Life Insurance Company, et al. March 31, 2011. AGENCY: The Securities and Exchange Commission (``Commission'') ACTION: Notice of application for an order under Section 6(c) of the Investment Company Act of...

  13. 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

  14. 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)

  15. 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

  16. 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)

  17. Significance of abolishing British National Oil Corporation

    Energy Technology Data Exchange (ETDEWEB)

    Mabro, R

    1985-04-01

    The decision to abolish British National Oil Corporation has greater significance than any commentator, so far, has cared to admit. Mr. Mabro says the Government has done much more than get rid of an institution it had previously weakened and emasculated; in effect, it had abdicated its responsibilities for the pricing of North Sea oil. He further observes that these moves may be consistent with the tenets of a simplistic free-market ideology: they betray, however, a lack of understanding of the economics of oil, and of the UK economic interest in oil.

  18. 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

  19. 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.

  20. 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

  1. 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.)

  2. Sponsorship of National Health Organizations by Two Major Soda Companies.

    Science.gov (United States)

    Aaron, Daniel G; Siegel, Michael B

    2017-01-01

    Obesity is a pervasive public health problem in the U.S. Reducing soda consumption is important for stemming the obesity epidemic. However, several articles and one book suggest that soda companies are using their resources to impede public health interventions that might reduce soda consumption. Although corporate sponsorship by tobacco and alcohol companies has been studied extensively, there has been no systematic attempt to catalog sponsorship activities of soda companies. This study investigates the nature, extent, and implications of soda company sponsorship of U.S. health and medical organizations, as well as corporate lobbying expenditures on soda- or nutrition-related public health legislation from 2011 to 2015. Records of corporate philanthropy and lobbying expenditures on public health legislation by soda companies in the U.S. during 2011-2015 were found through Internet and database searches. From 2011 to 2015, the Coca-Cola Company and PepsiCo were found to sponsor a total of 95 national health organizations, including many medical and public health institutions whose specific missions include fighting the obesity epidemic. During the study period, these two soda companies lobbied against 29 public health bills intended to reduce soda consumption or improve nutrition. There is surprisingly pervasive sponsorship of national health and medical organizations by the nation's two largest soda companies. These companies lobbied against public health intervention in 97% of cases, calling into question a sincere commitment to improving the public's health. By accepting funding from these companies, health organizations are inadvertently participating in their marketing plans. Copyright © 2016 American Journal of Preventive Medicine. Published by Elsevier Inc. All rights reserved.

  3. 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

  4. Ankara National Textiles [Turkish] Incorporated Company (1916-1930

    Directory of Open Access Journals (Sweden)

    M. Bülent Varlık

    2014-06-01

    Full Text Available This study aims to provide brief information on the foundation, activities and closing down of Ankara National Textiles Incorporated Company, which was founded by a group of local tradesmen in Ankara within the scope of the “National Economy Policy” implemented by the Union and Progress Association. The aforementioned local tradesmen undertook the first steps to establish a factory in mid-1913, and as a result of these efforts, the aforementioned incorporated Company was founded in 1916. This Company, probably due to a low quality production, was closed down, possibly around the years 1921-1922. In 1925, a reconstruction process was initiated with the intervention of the politics and bureaucracy of Ankara, and the capital of the Company was increased. However, these attempts failed and finally, the Company was closed down in 1928. The factory was acquired by Türkiye İş Bankası in 1930, and after the endeavors, it continued its activities as a new company under the name Yün-İş.

  5. Can National Company Law Require a Branch of a Foreign Company to Have an Independent Name?

    DEFF Research Database (Denmark)

    Werlauff, Erik

    2014-01-01

    With its basis in Danish law, the article analyses the question of whether a foreign company that establishes a branch in another EU or EEA member state can be required to ensure that the branch name not only repeats the foreign company’s name and nationality with the addition of the designation...

  6. 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.

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

    International Nuclear Information System (INIS)

    Noreng, Oeystein

    1998-01-01

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

  8. 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....

  9. 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

  10. Why do leaders nationalize the oil industry? The politics of resource expropriation

    International Nuclear Information System (INIS)

    Mahdavi, Paasha

    2014-01-01

    Why do leaders nationalize the oil industry? In line with a general utility-maximizing theory, I argue that leaders nationalize to maximize state revenues while minimizing costs. The latter includes international retaliation and domestic political constraints. Using a novel longitudinal dataset on the establishment of national oil companies (NOCs), the empirical evidence presented in this paper lends support to four primary findings. States are most likely to establish NOCs (1) in periods of high oil prices, when the risks of expropriation are outweighed by the financial benefits; (2) in non-democratic systems, where executive constraints are limited; (3) in “waves”, that is, after other countries have nationalized, reflecting reduced likelihood of international retaliation; and, though with weaker empirical support, (4) in political settings marked by resource nationalism. This last factor is proxied by OPEC membership in large-N analysis and, in a two-case comparison, by the difference in retained profits between the host and foreign governments. The theory and empirics presented here offer some clues for policy makers and multinational companies alike as to when to expect leaders to opt for nationalization. - Highlights: • I model determinants of oil nationalizations for 65 producing countries 1945–2005. • I offer a new measure of nationalization using the establishment of NOCs. • Oil prices, political institutions, cross-country diffusion predict nationalization. • Nationalization is also likely when revenue is perceived to be shared unfairly. • Operator-led contract renegotiation can reduce likelihood of nationalization

  11. 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.

  12. '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

  13. '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

  14. 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

  15. 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

  16. 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.

  17. 75 FR 21718 - Canadian National Railway Company and Grand Trunk Corporation-Control-EJ&E West Company 1

    Science.gov (United States)

    2010-04-26

    ... headquarters in Washington, DC. The purpose of the hearing is for Canadian National Railway Company (CN) to... Railway Company and Grand Trunk Corporation-- Control--EJ&E West Company \\1\\ \\1\\ This decision also... Room on the first floor of the Board's headquarters at Patriot's Plaza, 395 E Street, SW., Washington...

  18. 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

  19. 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

  20. 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)

  1. 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

  2. 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

  3. Effective communications system for a national oil spill contingency plan in Nigeria

    International Nuclear Information System (INIS)

    Adeyemi-Wilson, O.A.

    1991-01-01

    This paper describes what constitute an Effective Communications System for a National Oil Spill Contingency Plan. It discusses the system available in Nigeria for the oil exploration and producing companies, the Nigerian National Petroleum Corporation (NNPC) and the only oil spill response cooperative, the Clean Nigeria Associates (CNA). The Emergency Communications System which the companies had in place for some time, but is no longer functioning because of bureaucratic problems, is mentioned. The paper also mentioned the need to integrate the various separate systems already in use to provide effective communication for proper oil spill response. It recognizes the need for support from the Ministry of Communications and the two government agencies, NITEL and NET which provide telephone services in Nigeria. A proposed Effective Communications System for Nigeria is described

  4. 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...

  5. The Security Impact of Oil Nationalization: Alternate Futures Scenarios

    Directory of Open Access Journals (Sweden)

    Peter Johnston

    2010-01-01

    Full Text Available This article highlights the security impact of oil nationalization, develops and analyzes four energy security scenarios, and suggests options to reduce the potential negative impact of oil nationalization. In addition to the use of oil as a weapon, nationalization of oil can also lead to competition for scarce resources among states, facilitate the funding of terrorists or insurgents, contribute to destabilizing regional arms races, influence intra-state conflict, and sustain antagonistic political agendas.

  6. 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)

  7. 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.

  8. 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)

  9. 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

  10. 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

  11. 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

  12. 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)

  13. 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.

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

    Energy Technology Data Exchange (ETDEWEB)

    Osmundsen, Petter

    2002-06-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2010-11-15

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

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

    Science.gov (United States)

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

    2015-11-01

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

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

    International Nuclear Information System (INIS)

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

    1991-01-01

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

  18. 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.

  19. 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

  20. 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

  1. 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

  2. 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)

  3. 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

  4. 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.

  5. Structuring oil and gas joint venture agreements on First Nations lands (south of the 60. parallel)

    International Nuclear Information System (INIS)

    Rae, LD.

    1998-01-01

    The advantages that arise from the unique legal regimes that apply to oil and gas exploration and production on First Nations lands were discussed. A significant portion of Canada's Aboriginal communities are located close to areas that will experience intense oil and gas exploration activities in the coming years. In southern Canada, there are 57 First Nations that have oil and gas exploration and/or production on their lands. A total of 179 oil and gas companies have interests on these lands. By law, First Nations do not have the right to develop and exploit the oil and gas resources on their reserve lands if this requires disposition of any portion of these lands to third parties. As a result, they must rely on the Crown's trust and fiduciary obligations to them to administer these resources. As the law now stands, Indian Oil and Gas Canada (IOGC) is obligated to consult with the First Nation community, but it is not obligated to necessarily act in accordance with the community's wishes. As can be expected, under these circumstances the opportunities for stalemates are significant. The difficulties experienced by industry on dealing with the IOGC are described, and alternatives to the current situation are proposed. Suggestions are also offered as to how title uncertainties may be overcome and how First Nations may achieve healthy economic growth right now, even prior to achieving self-government

  6. Alarm management in TRANSPETRO National Oil Control Center

    Energy Technology Data Exchange (ETDEWEB)

    Amado, Helio; Costa, Luciano [TRANSPETRO - PETROBRAS Transporte S.A., Rio de Janeiro, RJ (Brazil)

    2009-07-01

    For sure Alarm Management is not a new issue. EEMUA 191 has been around since 1999 and everyone has received visits from consultants in this area. Besides this regulators have requested that operators have a policy for it. However there are few papers showing actual pipeline operator experience in alarm management. In this paper we present the work developed in TRANSPETRO National Oil Control Center since 2006, where we operate 5509 km of crude oil and refined products pipelines. Since the beginning of the centralized operation in 2002, alarm management has been a concern but a systematic approach has been taken since 2006. Initially we will make a brief revision of the literature and show trends for regulations. Then we will show the tools and the approach we have taken. Finally, the further developments we see. The point that we want to discuss is that, it has been very difficult to implement the system in a linear way and we believe that companies that have huge legacy systems, the same probably will occur. Putting in simple words, our main conclusion is: Implementing an Alarm Management policy produces good results however probably sometimes is better not to follow strictly the traditional steps. (author)

  7. 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

  8. 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

  9. [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.

  10. Monitoring of health and environment by National Uranium Company (NUC)

    International Nuclear Information System (INIS)

    Georgescu, D.P.; Banciu, O

    1998-01-01

    Among the activities of geological survey, exploitation and processing of radioactive ore performed by National Uranium Company (NUC) a major attention is paid to personnel medical monitoring, to influences on the public health in the affected zones and also to the impact on environment, based on specific criteria and accomplished by medical and technical institutions having an adequate profile, in conformity with the enforced laws and with recommendations of international authorities on this field. Health monitoring of the active and retired personnel and of population from the affected sites by the NUC activities is done on the basis of a program established in co-operation with the Work Protection Department and the management of the company's subunits. The methodology used at present has the following three stages: 1. Periodical medical examination of the personnel including all the compulsory investigations requested by the Ministry of Health; 2. Annual epidemiology descriptive studies concerning the analysis of the personnel health state; 3. Analytical epidemiologic studies (retrospective and prospective) having the aim of surveying the radiation effects on the human target organs of the exposed personnel and also the impact on the public health in the influenced zones. At present the incidence of professional diseases liked to uranium is no longer a problem. Attention has to be focused to the diseases due to microclimate, noise, intensive physical effort and stress (non-specific chronic breathing diseases, arterial high blood pressure, heart diseases, digestive diseases and neuroses). The paper presents also the environmental factors investigated in connection with the importance which they have in radioactive contamination: air, water, soil, sediments, vegetation, and agricultural products. There are given the results of the tests performed on 25,000 samples and from more then 20,000 radiometric measurements performed between 1975 - 1997 in each subunit of

  11. The role of the national petroleum company in petroleum development market

    Energy Technology Data Exchange (ETDEWEB)

    Lee, B J [Korea Energy Economics Institute, Euiwang (Korea, Republic of)

    1997-08-01

    The present century started with the creation of national petroleum companies, and it ends with those national petroleum companies exerting various types of efforts to increase the efficiency of their management. Especially, the efforts of these national petroleum companies are ever intensifying to adapt to new trends in the world petroleum market such as intensified competition, ever-deepening price unstableness, separation of structure between upstream and downstream portions, rapid development of petroleum development technologies, change of political systems and the demise of national borders, ever-increasing consciousness of environmental preservation, etc. Korea cannot be exempt from management rationalization efforts of national petroleum companies. Especially, Korea established its own national petroleum company in order to actively deal with these as its supply system is very weak. Therefore, the national petroleum company should create as many successful petroleum development businesses by actively carrying out petroleum development businesses domestically and overseas in order to establish a stable supply system of petroleum and to support the petroleum development businesses of civilian enterprises more effectively. The national petroleum company must, first of all, replace the bureaucracy with entrepreneurship. Esp., in order to enhance the efficiency of management, short- term outcome should not be emphasized over long-term tenure of petroleum development businesses, and excessive interference of government on the national petroleum company should be excluded. The entrepreneurship of the national petroleum company should be pursued in Positive-sum way, and its public image should be actively promoted through this. 35 refs., 11 figs., 32 tabs.

  12. Oil Politics and National Security in Nigeria

    Science.gov (United States)

    2010-12-01

    Oil Transparency in the Niger Delta: Improving Public Sector Oil Derived Resource Flows and Utilization in Abia State, Nigeria,” Economies of...against the nine states officially recognized i.e. they exclude Ondo, Abia , and Imo states from being part of the Delta region (figure 1). 125 BBC...Peterside Sofiri Dr, “Oil Transparency in the Niger Delta: Improving Public Sector Oil Derived Resource Flows and Utilization in Abia State, Nigeria

  13. 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.

  14. Waste oil management at the Oak Ridge National Laboratory

    International Nuclear Information System (INIS)

    Oakes, T.W.; Bird, J.C.; Shank, K.E.; Kelley, B.A.; Harrison, L.L.; Clark, B.R.; Rogers, W.F.

    1980-01-01

    It is the policy of the Oak Ridge National Laboratory (ORNL) to require that oily substances be handled and disposed of in a manner that protects the environment and personnel from harm. Federal regulations prohibit the discharge of oil into navigable waters, with stiff penalties possible to violators. A strict waste oil management program has been developed and implemented because of the potential for oil problems resulting from the large and varied uses of oil at the Laboratory. Also, past records of improper discharges of oil have mandated immediate corrective actions. In order to resolve the problems of waste oil at the Laboratory, the ORNL Waste Oil Investigation Committee was formed on March 14, 1979. The work of the committee included a survey of every building and area of the Laboratory to locate the presence of oil and the pathways of oil discharges to the environment. The committee also provided a basis for the development of oil spill procedures and waste oil disposal. The Department of Environmental Management (DEM) of the Industrial Safety and Applied Health Physics Division at ORNL has the responsibility of developing environmental protection procedures for the handling and disposal of oil. It approves storage and collection facilities, disposal methods, and disposal sites for oil-containing wastes. The DEM has developed and implemented an ORNL Environmental Protection Procedure for oils and an oil spill prevention and countermeasure plan. In order to familiarize ORNL personnel with the problems and procedures of waste oil, the DEM has held seminars on the subject. This report reviews the findings of the Waste Oil Investigation Committee and the actions of the laboratory management and the DEM in dealing with the waste oil problem at ORNL

  15. 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

  16. 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

  17. Private Military and Security Companies - Counterinsurgency and Nation Building Strategy

    Science.gov (United States)

    2013-04-25

    cans, and bought war bonds is long gone. One advantage that the private sector brings to public wars is capacity. Companies like Kellogg and Brown...1 Anne-Marie Buzatu, and Benjamin S . Buckland, “Private Military & Security Companies : Future Challenges in...From  -­‐  To)   September 2012 - April 2013 4.  TITLE  AND  SUBTITLE   Private Military and Security Companies - Counterinsurgency and

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

    International Nuclear Information System (INIS)

    Anon.

    1993-01-01

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

  19. 78 FR 60721 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-10-02

    ...] National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the... final Notice of Deletion of the Ludlow Sand & Gravel Superfund Site (Site), located in the Town of Paris..., as amended, is an appendix of the National Oil and Hazardous Substances Pollution Contingency Plan...

  20. 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 ...

  1. 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

  2. 76 FR 44323 - National Grid Transmission Services Corporation; Bangor Hydro Electric Company; Notice of...

    Science.gov (United States)

    2011-07-25

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. EL11-49-000] National Grid Transmission Services Corporation; Bangor Hydro Electric Company; Notice of Petition for Declaratory Order Take..., 18 CFR 385.207, National Grid Transmission Services Corporation and Bangor Hydro Electric Company...

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

    Science.gov (United States)

    Rogers, Violet C.; Ethridge, Jack R.

    2016-01-01

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

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

    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.

  5. 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

  6. 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.

  7. 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

  8. MULTI-NATIONAL COMPANIES AND TRANSITION COUNTRIES: A MACEDONIAN EXPERIENCE

    OpenAIRE

    Aleksandra Patoska; Branko Dimeski

    2015-01-01

    The process of globalization and liberalization is further accelerated by the growing expansion of multinational companies in post-communist transition countries. Transition countries improve their technological development, increase the exports and gain better access to global markets. On other hand, global companies maximize their profits by employing cheaper resources, paying lower taxes and using a number of benefits that the transition countries offer to them. The main purpose of the pap...

  9. 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)

  10. 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

  11. 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...

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

    International Nuclear Information System (INIS)

    Cueille, J.Ph.

    2001-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    Barreau, S

    2001-11-01

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

  14. 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)

  15. 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

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

    Directory of Open Access Journals (Sweden)

    Dewi Nilakrisna

    2016-05-01

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

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

    International Nuclear Information System (INIS)

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

    2006-01-01

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

  18. 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)

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

    Science.gov (United States)

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

    2017-11-01

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

  20. The oil policies of the Gulf Arab Nations

    Energy Technology Data Exchange (ETDEWEB)

    Ripple, R.D.; Hagen, R.E.

    1995-03-01

    At its heart, Arab oil policy is inseparable from Arab economic and social policy. This holds whether we are talking about the Arab nations as a group or each separately. The seven Arab nations covered in this report-Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--participate in several organizations focusing on regional cooperation regarding economic development, social programs, and Islamic unity, as well as organizations concerned with oil policies. This report focuses on the oil-related activities of the countries that may reveal the de facto oil policies of the seven Persian Gulf nations. Nevertheless it should be kept in mind that the decision makers participating in the oil policy organizations are also involved with the collaborative efforts of these other organizations. Oil policies of five of the seven Arab nations are expressed within the forums of the Organization of Petroleum Exporting Countries (OPEC) and the Organization of Arab Petroleum Exporting Countries (OAPEC). Only Oman, among the seven, is not a member of either OAPEC or OPEC; Bahrain is a member of OAPEC but not of OPEC. OPEC and OAPEC provide forums for compromise and cooperation among their members. Nevertheless, each member state maintains its own sovereignty and follows its own policies. Each country deviates from the group prescription from time to time, depending upon individual circumstances.

  1. 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

  2. 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.

  3. The Study on Global Oil and Gas Supply and Demand undertaken by the National Petroleum Council

    Energy Technology Data Exchange (ETDEWEB)

    Slutz, James

    2007-07-01

    The National Petroleum Council (NPC) Study on Global Oil and Gas is one of the most comprehensive studies on global oil and gas supply and demand projections ever undertaken to date. This study comprises approximately 250 experts from industry, government, research institutions, academia, energy ministries from around the world, national oil companies, and non-government organizations. The NPC study team has collected and analyzed global data on supply and demand trends through the year 2030. While other studies have examined the economic, environmental, security and geo-policy implications of the oil and gas supply and demand picture, this study examines all three political priorities simultaneously. The multi-dimensional foundations of the policy recommendations, and the diverse expertise of study group members, results in findings which are truly unique, and separate this study from numerous previous studies on global oil and gas supply and demand. Although key findings and policy recommendations will not be released prior to the study's release in June of 2007, the following paper provides the scope of work and the detailed project plan that will result in an energy outlook that is differentiated from all recent studies.

  4. Assessing Whether Oil Dependency in Venezuela Contributes to National Instability

    Directory of Open Access Journals (Sweden)

    Adam Kott

    2012-08-01

    Full Text Available The focus of this article is on what role, if any, oil has on Venezuela's instability. When trying to explain why a resource-rich country experiences slow or negative growth, experts often point to the resource curse. The following pages explore the traditional theory behind the resource curse as well as alternative perspectives to this theory such as ownership structure and the correlation between oil prices and democracy. This article also explores the various forms of instability within Venezuela and their causes. Finally, the article looks at President Hugo Chavez's political and economic policies as well as the stagnation of the state oil company, Petroleos de Venezuela (PDVSA. This article dispels the myth that the resource curse is the source of destabilization in many resource dependent countries. Rather than a cause of instability, this phenomenon is a symptom of a much larger problem that is largely structural.

  5. 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

  6. 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.

  7. ERP systems in multi-national companies: support, maintenance and further development

    OpenAIRE

    Vymetal, Dominik; Matysek, Stanislav

    2007-01-01

    Multi-national companies introduce centralized or centrally administered ERP systems to cope with challenges of globalization. Introduction of such systems need careful planning. The planning should take not only the project and its deployment into consideration. Very important are the support and maintenance rules. The paper deals with rules used in case of a large multi-national company and resulting reaction of users in several subsidiaries in Central and Eastern Europe. The statistics obt...

  8. 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

  9. 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.

  10. 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.

  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. 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.

  13. Coconut oil and palm oil's role in nutrition, health and national development: A review.

    Science.gov (United States)

    Boateng, Laurene; Ansong, Richard; Owusu, William B; Steiner-Asiedu, Matilda

    2016-09-01

    Coconut and palm oils which were the major sources of dietary fats for centuries in most of West Africa have been branded as unhealthy highly saturated fats. Their consumption has been peddled to supposedly raise the level of blood cholesterol, thereby increasing the risk of coronary heart disease. This adverse view has led to a reduction in their consumption in West Africa and they have been substituted for imported vegetable oils. Recent information however, indicates some beneficial effects of these oils particularly their roles in nutrition, health and national development. There is the need for a better understanding of their effects on health, nutritional status and national development. This paper therefore attempts to review the roles which coconut and palm oils play in these respects in developing countries, as a means of advocating for a return to their use in local diets. None declared.

  14. 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.

  15. 75 FR 44920 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2010-07-30

    ... State Registry of Inactive Hazardous Waste Disposal Sites as a ``Class 2 Inactive Hazardous Waste Site..., Chemicals, Hazardous waste, Hazardous substances, Intergovernmental relations, Natural resources, Oil... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the SMS...

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

    International Nuclear Information System (INIS)

    Hope, P.

    1998-01-01

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

  17. 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

  18. 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

  19. 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%.

  20. 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.

  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. 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,...

  4. 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...

  5. 75 FR 33747 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2010-06-15

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Notice of Intent for... Notice of Intent to Delete the soils of Operable Unit 1 and the underlying ground water of the... National Oil and Hazardous Substances Pollution Contingency Plan (NCP). The EPA and the State of Texas...

  6. 78 FR 73449 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-12-06

    ... Substances Pollution Contingency Plan (NCP). This partial deletion pertains to the soil of 1,154 residential...] National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List: Partial Deletion of the Omaha Lead Superfund Site AGENCY: Environmental Protection Agency (EPA). ACTION: Final rule...

  7. 76 FR 70105 - National Oil and Hazardous Substance Pollution Contingency Plan National Priorities List: Partial...

    Science.gov (United States)

    2011-11-10

    ... and Hazardous Substance Pollution Contingency Plan National Priorities List: Partial Deletion of the... appendix of the National Oil and Hazardous Substances Pollution Contingency Plan (NCP). EPA and the State... property PINs listed above. The deletion of these two parcels from the Site affects all surface soils...

  8. 76 FR 45484 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-07-29

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Notice of Intent for..., as amended, is an appendix of the National Oil and Hazardous Substances Pollution Contingency Plan... PBL Superfund Site without prior Notice of Intent for Deletion because EPA views this as a...

  9. 78 FR 69360 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-11-19

    ...] National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List: Partial... and Hazardous Substances Pollution Contingency Plan (NCP). The EPA and the State of California... Corp Air Station Superfund Site without prior Notice of Intent for Partial Deletion because EPA views...

  10. 76 FR 18136 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-04-01

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the Norwood... amended, is an appendix of the National Oil and Hazardous Substances Pollution Contingency Plan (NCP). The... we view this as a noncontroversial revision and anticipate no adverse comment. We have explained our...

  11. 78 FR 48844 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-08-12

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the Mosley... National Oil and Hazardous Substances Pollution Contingency Plan (NCP). The EPA and the State of Oklahoma... Deletion of the MRSL Superfund Site without prior Notice of Intent to Delete because we view this as a...

  12. 75 FR 43115 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2010-07-23

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Intent to Partially..., as amended, is an appendix of the National Oil and Hazardous Substances Pollution Contingency Plan... Intent for Partial Deletion because EPA views this as a noncontroversial revision and anticipates no...

  13. 75 FR 47521 - National Oil and Hazardous Substance Pollution Contingency Plan; National Priorities List: Intent...

    Science.gov (United States)

    2010-08-06

    ... and Hazardous Substance Pollution Contingency Plan; National Priorities List: Intent To Delete the... appendix of the National Oil and Hazardous Substances Pollution Contingency Plan (NCP). The EPA and the... Corporation (Markhams) Superfund Site without prior notice of intent to delete because we view this as a...

  14. 78 FR 66325 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-11-05

    ...] National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the... Substances Pollution Contingency Plan (NCP). The EPA and the State of South Carolina, through the South... because we view this as a noncontroversial revision and anticipate no adverse comment. We have explained...

  15. 78 FR 60809 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-10-02

    ...] National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the... Substances Pollution Contingency Plan (NCP). EPA and the State of New York, through the New York State... Deletion of the Site without prior Notice of Intent to Delete because EPA views this as a noncontroversial...

  16. 76 FR 81904 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-12-29

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the Hipps..., as amended, is an appendix of the National Oil and Hazardous Substances Pollution Contingency Plan... of Intent to Delete because we view this as a noncontroversial revision and anticipate no adverse...

  17. 75 FR 54821 - National Oil and Hazardous Substance Pollution Contingency Plan; National Priorities List; Intent...

    Science.gov (United States)

    2010-09-09

    ... and Hazardous Substance Pollution Contingency Plan; National Priorities List; Intent for Partial... amended, is an Appendix of the National Oil and Hazardous Substances Pollution Contingency Plan (NCP). The... Superfund Site without prior Notice of Intent for Partial Deletion because EPA views this as a...

  18. 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

  19. Monitoring of Olympic National Park Beaches to determine fate and effects of spilled bunker C fuel oil

    Energy Technology Data Exchange (ETDEWEB)

    Strand, J.A.; Cullinan, V.I.; Crecelius, E.A.; Fortman, T.J.; Citterman, R.J.; Fleischmann, M.L.

    1990-10-01

    On December 23, 1988, the barge Nestucca was accidentally struck by its tow, a Souse Brothers Towing Company tug, releasing approximately 230,000 gallons of Bunker C fuel oil and fouling beaches from Grays Harbor north to Vancouver Island. Affected beaches in Washington included a 40-mile-long strip that has been recently added to Olympic National Park. The purpose of the monitoring program documented in this report was to determine the fate of spilled Bunker C fuel oil on selected Washington coastal beaches. We sought to determine (1) how much oil remained in intertidal and shallow subtidal habitats following clean-up and weathering, (2) to what extent intertidal and/or shallow subtidal biotic assemblages have been contaminated, and (3) how rapidly the oil has left the ecosystem. 45 refs., 18 figs., 8 tabs.

  20. 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)

  1. 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.

  2. 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

  3. 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)

  4. Global Standardization or National Differentiation of HRM Practices in Multinational Companies?

    DEFF Research Database (Denmark)

    Edwards, Tony; Sanchez-Mangas, Rocio; Jalette, Patrice

    2016-01-01

    Drawing on a dataset constructed from a parallel series of nationally representative surveys of multinational companies (MNCs), we compare the performance management (PM) practices of MNCs in the UK, Ireland, Canada, Spain, Denmark and Norway. In each country we analyze data relating to MNCs from...

  5. 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

  6. 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

  7. 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)

  8. From national air carriers to low-cost companies: Effects of successful marketing strategy implementation

    Directory of Open Access Journals (Sweden)

    Aćimović Slobodan

    2009-01-01

    Full Text Available Huge changes in marketing strategies and, more generally - in business philosophies are not so often. During the last 20 years global and/or national companies have already defined their general approaches of marketing instruments implementation. Therefore, when a contemporary company changes something in its marketing approach, it usually only refers to 'subtle adjustment' of the already determined strategy. Another reason for changes in a particular segment of marketing is a crisis of some kind that forces firms to implement innovations, especially regarding the elements such as costs - price - or service quality. A global enterprise segment consisting of low tariff airline companies is here identified as the one that has dramatically changed its marketing approach within the last 20 years, which continually resulted in its improved market position and business results. Changes in marketing strategies of low-cost companies have truly been revolutionary and are completely the consequence of recognizing the real needs of clients who use services of air transport. The success of low-cost airline companies is forcing the traditional, classic, air carriers to adapt their marketing instruments to this new model of business management. This paper also identifies one very significant assumption of the low-cost carriers phenomenon and their marketing approach - the liberalization of the global air transport market.

  9. 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

  10. The importance of the oil sector in the national economy

    International Nuclear Information System (INIS)

    Montenegro Santiago

    2001-01-01

    The paper is about the oil sector in Colombia as for their growing importance in the economy of the country in the last years, leaving of the base that this strategic sector for the economy for its high participation in the gross internal product, generates a very high percentage of the total exports and because it is also a very important source of fiscal resources for the national government as for the sectional governments. This writing is centered fundamentally in the analysis related with the production and export of raw petroleum

  11. NATIONALIZATION OF THE FRENCH CAPITAL IN CROATIA 1945 - AN EXAMPLE OF THE SODOAD COMPANY

    OpenAIRE

    Anić, Tomislav

    2007-01-01

    In 1945 "the revolutionary forces" gained political power in Yugoslavia. The economic and political transformation necessary for the development of a socialist society was possible only by abrogating the existing proprietary relations. This is exactly the reason why the Communist Party of Yugoslavia decided to disown all capital holders (including foreign capital holders) in order to withhold the material basis for the power struggle. The SODOAD company was among firms nationalized in 1945.

  12. R and D program of the Spanish National Company for Radioactive Wastes management

    International Nuclear Information System (INIS)

    Astudillo, J.

    1993-01-01

    The second R+D program of the Spanish National Company for Radioactive Wastes Management (ENRESA) has a whole budget of 56 million $ for the period 1991-1995. This program is included within the Spanish Energy Plan (PEN-91) and encompasses four main areas: 1) Low and medium level radioactive wastes 2) High level radioactive wastes 3) Decommissioning and dismantling of nuclear installations 4) Radiological protection The Spanish program is coordinated with policies of international organizations: CEC,OECD and IAEA

  13. 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.

  14. Plans to revive oil fields in Venezuela on track

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

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

  15. 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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    1995-07-01

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

  17. Upstream oil and gas industry options paper : report of the upstream oil and gas working group of the Industry Issues Table to the National Climate Change Secretariat

    International Nuclear Information System (INIS)

    1999-09-01

    The Canadian Association of Petroleum Producers (CAPP) has coordinated the efforts of the upstream oil and natural gas industry to draft a foundation paper to provide data on industry greenhouse gas (GHG) emissions and actions. This paper is a technical piece targeted at government officials and stakeholders involved in the National Climate Change Secretariat process. The paper also outlines the context for considering policies aimed at reducing oil and gas industry emissions on climate change. The 6 key messages that CAPP wanted to emphasize in this paper were: (1) Canada's situation is very different from that of the U.S. and most other industrial countries, (2) GHG emissions are primarily an end-use consumption issue, (3) the climate change issue and the Kyoto Protocol present a major uncertainty that could undermine Canadian oil and natural gas development opportunities, (4) Canada should not be penalised by its growth of oil and natural gas resources, (5) the ability to reduce emissions by changing production technology is limited because large reductions in Canadian upstream emissions would only mean a shift of production to other countries which would not help to reduce global emissions, and (6) Canada should focus on promoting cost-effective action, research and development and international flexibility, and ensure that recognition is given to those companies that reduce emissions. tabs., figs

  18. 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.)

  19. 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)

  20. 75 FR 29397 - National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling

    Science.gov (United States)

    2010-05-26

    ... National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling By the authority vested in... Deepwater Horizon Oil Spill and Offshore Drilling (the ``Commission''). Sec. 2. Membership. (a) The... impact of, oil spills associated with offshore drilling, taking into consideration the environmental...

  1. 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)

  2. 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)

  3. Building a Framework of Global Cooperation Beyond the Economic Performance of Companies in Developing Nations

    DEFF Research Database (Denmark)

    Fitriasari, Dewi; Kampf, Constance Elizabeth

    2011-01-01

    We examine the emerging generative force in developing SER (social and environmental reporting) that focuses on the economic performance of companies from developing nations. The focus raises our concern because it suggests that the development of SER is for shareholders and other capital suppliers....... We observe that the focus is in direct contradiction to the original generative force of SER, i.e. stakeholder interests. This leads to the marginalization of other stakeholder groups' interests. In order to shift the focus of developing nations, cooperation between developing nations and SER...... actors to give insights into their cultural values, Foucault's technology of the selfwith its care of one-self introduces the concept of social actors liberation from the history of subjectivity and thereby, to elaborate and transform their self-conception in relation to others' conceptions of identity...

  4. 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)

  5. 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

  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. A recommended approach to the National Pollutant Release Inventory (NPRI) for the upstream oil and gas industry : 2002 : CAC emissions

    International Nuclear Information System (INIS)

    2003-04-01

    The National Pollutant Release Inventory (NPRI) is a database of annual releases to air, water, land and off-site transfers of 273 specified pollutants. Environment Canada requires that the NPRI be reported annually. Criteria Air Contaminants (CAC) had to be reported for the first time in 2002. Air pollutants that contribute to the formation of ground level ozone and smog are included in the definition of CAC, along with any eye or respiratory irritants to both humans and animals. The substances of special interest to the petroleum industry are: oxides of nitrogen, sulphur dioxide, carbon monoxide, volatile organic compounds, total particulate matter, and particulate matters. This guide is intended to provide member companies of Canadian Association of Petroleum Producers (CAPP), operating upstream oil and gas facilities, with readily available data to determine the amount of CAC emissions released from their processes and equipment. Companies using these guidelines will be able to compare the performance of various upstream oil and gas companies more readily because the data is consistent. The scope of the project was described in section 1, and the sources of CAC emissions were identified in section 2. The reporting threshold was discussed in section 3. Data required for collection was outlined in section 4. Section 5 outlines how CAC emission quantities are determined. Calculation examples were provided in section 6 and definitions provided in section 7. 11 tabs., 1 fig

  8. 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

  9. 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.

  10. 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

  11. National and Organizational Culture, Performance Evaluation and Trust: Evidence from Multinational Company Subsidiary in Indonesia

    Directory of Open Access Journals (Sweden)

    Unggul Purwohedi

    2017-07-01

    Full Text Available The aim of this study is to investigate the impact of national and organizational culture on the relationship between accounting and trust in a subsidiary of a Western Multi-National Company (MNC in Indonesia. This study use a qualitative field study of one French MNC subsidiary and interview four expatriate directors, nine Indonesian managers and 10 Indonesian employees. Key themes were identified with the assistance of NVivo software. In this study, accounting, through formal performance evaluation, contributes to trust building between supervisors and their subordinates. Formal performance evaluation through transparent and objective evaluation increases trust in the supervisor. On the other hand, informal performance evaluation tends to decrease trustful behaviour due to secrecy in the evaluation process.  It appears that Indonesian national culture does influence organizational culture preference in the local staff. Individuals share national culture as a result of values developed from family, religion, education, and experience.DOI: 10.15408/sjie.v6i2.4733 

  12. 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.

  13. 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 ...

  14. Future of oil and gas

    International Nuclear Information System (INIS)

    Gatermann, R.; Ten Hoedt, R.

    2009-01-01

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

  15. 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)

  16. 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

  17. 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.

  18. 103 Oil Politics and Niger Delta Ethnic Nationalism Film Genre in ...

    African Journals Online (AJOL)

    USER

    2017-12-30

    Dec 30, 2017 ... And all these have been used as raw materials for film production by Nigeria's .... manifold, and the state oil company Escravos-Lagos gas pipeline in. Chanom ...... film industry: A study of selected emergent genres. Ph.D.

  19. Army National Guard Companies Have Not Developed Effective Training Programs to Attain or Sustain Mission Essential Task Proficiency (REDACTED)

    Science.gov (United States)

    2016-12-05

    029 │iv December 5, 2016 (U) MEMORANDUM FOR AUDITOR GENERAL, DEPARTMENT OF THE ARMY (U) SUBJECT: Army National Guard Companies Have Not...1-year reset period in which personnel have time to reintegrate with families , new equipment is fielded, and personnel are rotated.  (U) 3-year...sourcing officials, substantial turnover degrades training proficiency and battalion- and company-level leadership should work to minimize turnover

  20. 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)

  1. 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

  2. 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.

  3. 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

  4. 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.

  5. Essential Oil Composition of Pinus peuce Griseb. Needles and Twigs from Two National Parks of Kosovo

    OpenAIRE

    Hajdari, Avni; Mustafa, Behxhet; Nebija, Dashnor; Selimi, Hyrmete; Veselaj, Zeqir; Breznica, Pranvera; Quave, Cassandra Leah; Novak, Johannes

    2016-01-01

    The principal aim of this study was to analyze the chemical composition and qualitative and quantitative variability of essential oils obtained from seven naturally grown populations of the Pinus peuce Grisebach, Pinaceae in Kosovo. Plant materials were collected from three populations in the Sharri National Park and from four other populations in the Bjeshk?t e Nemuna National Park, in Kosovo. Essential oils were obtained by steam distillation and analyzed by GC-FID (Gas Chromatography-Flame...

  6. Particulate Emissions Control using Advanced Filter Systems: Final Report for Argonne National Laboratory, Corning Inc. and Hyundai Motor Company CRADA Project

    Energy Technology Data Exchange (ETDEWEB)

    Seong, Hee Je [Argonne National Lab. (ANL), Argonne, IL (United States); Choi, Seungmok [Argonne National Lab. (ANL), Argonne, IL (United States)

    2015-10-09

    This is a 3-way CRADA project working together with Corning, Inc. and Hyundai Motor Co. (HMC). The project is to understand particulate emissions from gasoline direct-injection engines (GDI) and their physico-chemical properties. In addition, this project focuses on providing fundamental information about filtration and regeneration mechanisms occurring in gasoline particulate filter (GPF) systems. For the work, Corning provides most advanced filter substrates for GPF applications and HMC provides three-way catalyst (TWC) coating services of these filter by way of a catalyst coating company. Then, Argonne National Laboratory characterizes fundamental behaviors of filtration and regeneration processes as well as evaluated TWC functionality for the coated filters. To examine aging impacts on TWC and GPF performance, the research team evaluates gaseous and particulate emissions as well as back-pressure increase with ash loading by using an engine-oil injection system to accelerate ash loading in TWC-coated GPFs.

  7. Did Iraq Cheat the United Nations? Underpricing, Bribes, and the Oil for Food Program

    OpenAIRE

    Chang-Tai Hsieh; Enrico Moretti

    2005-01-01

    From 1997 through early 2003, the United Nations Oil for Food Program allowed Iraq to export oil in exchange for humanitarian supplies. We measure the extent to which this program was corrupted by Iraq's attempts to deliberately set the price of its oil below market prices in an effort to solicit bribes, both in the form of direct cash bribes and in the form of political favors, from the buyers of the underpriced oil. We infer the magnitude of the potential bribe by comparing the gap between ...

  8. AIRLINE COMPANIES ECONOMIC SAFETY FUNDAMENTAL PRINCIPLES WITHIN THE SYSTEM OF NATIONAL SAFETY

    Directory of Open Access Journals (Sweden)

    Dmitry Bezzubov

    2017-11-01

    Full Text Available Purpose: an analysis of existing threats, dangers and challenges to aviation enterprises in today's conditions and formulating the basic foundations for the development of methods for ensuring the economic security of aviation enterprises. Determination of the place and role of economic security of aviation enterprises in the national security system. Research methods: Using the comparative method of scientific knowledge, the main threats in the activity of aviation enterprises have been identified and the main provisions for increasing the level of economic stability and transport safety of aviation enterprises have been identified through the use of a formal legal and imperative method. Results: The problem of economic security of aviation enterprises is determined through the teaching of administrative, air, space law and the application of the findings of the science of economics and management. Each of the sciences forms an interdisciplinary approach to the issue of economic security of aviation enterprises in the national security system. In the modern economic system, the problem of the economic security of aviation enterprises is formed through the prism of the state's activities and the possibilities for interference in the activities of economic entities in the aviation sphere. The definition of economic security of aviation enterprises in the national security system is determined through the presence of the following economic and legal factors: a increasing the level of protection of passengers and pilots from acts of unlawful interference; B the formation of quality of aircraft servicing as an element of reducing the risk of accidents in aviation transport; c the mathematical increase in the number of incidents in aviation transport; c the integral relationship between the economic performance of the airline company and the quality of passenger service; d the need and possibility of using air transport for humanitarian missions

  9. Quantifying China's oil import risks and the impact on the national economy

    International Nuclear Information System (INIS)

    Sun, Mei; Gao, Cuixia; Shen, Bo

    2014-01-01

    With an increase in China's oil imports, China's oil supply will also continue to be effected by the socio-economic stability of oil-exporting countries and the safety of oil transport routes. This paper introduces a systematic and quantitative method to evaluate the influence of China's oil import risks (OIR) on the national economy and industrial sectors from a perspective of apply chain process. For this analysis, China's OIR is quantified by integrating oil exporting country risk and the risks from oil transportation routes. Country risk is defined as the oil-exporting country's political risk caused by political changes or internal conflicts. Transport risk is defined as the risk of shipping routes affected by pirate attacks and geopolitics. Second, the relationship between China's OIR and oil import costs is analyzed using a multiple linear approach. Third, an input–output analysis method is used to research the effect of the cost of China's oil imports on the cost of investment within China's domestic sectors. This research finds that the corresponding impact on GDP is 3494.5 million dollars given an increasing by 10% of China's OIR. And the impact on domestic sectors differs from sector to sector. Finally, this paper puts forth recommendations to improve long-term oil supply security in China. - Highlights: • Quantifies China's OIR while taking into consideration the risks from oil-exporting countries and the risks from oil transportation routes. • Explores the relationship between China's OIR and oil import costs using a multiple linear regression approach. • Analyzes the effects of China's OIR on the investment cost of domestic sectors with an input–output analysis. • Investigates the impact of China's OIR on the domestic economy

  10. Nationalization of the Oil Industry in Iran and the Fadaiean of Islam

    Directory of Open Access Journals (Sweden)

    Rahim Mostafazadeh

    2017-02-01

    Full Text Available Nationalization of oil industry is a name given to the escalation period of the Iranian people’ struggle for the nationalization of the oil industry. In its realization, a lot of groups were involved as well The Fadaiean of Islam. Findings of this research, which has been gathered using descriptive-analytic method, show that in the process of this national movement, The Fadaiean of Islam, provided grounds for the victory using both peaceful struggle strategies – cooperation with other religious groups and the National Front–and non-reconciling strategies including assassination of Hazhir and Razmara.

  11. Oil industry. A hard after-party

    International Nuclear Information System (INIS)

    Remoue, A.

    2009-01-01

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

  12. 1991 Virginia oil spill reporting - national and state data base comparison

    International Nuclear Information System (INIS)

    Stalcup, D.; O'Connor, L.; Kallen, E.

    1993-01-01

    The purpose of this presentation is to give an overview of federal and Virginia state statutes governing the reporting of oil spills through the analysis of oil spill data from a national source (the emergency response notification system, ERNS) and oil spill data from the state level (the Virginia Water Control Board, VWCB). Using data from calendar year 1991, an analysis of the 499 oil spill notifications made to ERNS and the 1,155 oil spill reports made to the VWCB was conducted. The requirements for reporting releases of oil are governed by both underground storage tank (UST) and water pollution control regulations. An analysis was carried out to determine if statutory reporting requirements are being met on the state and federal level. Although these requirements are promulgated on both levels, there is an apparent lack of knowledge in the regulated community

  13. Insulating oil, electrical for transformers and switches : a national standard of Canada

    International Nuclear Information System (INIS)

    Paniri, S.; Burford, G.; Martin, A.; Adragna, M.

    1997-01-01

    Standard specifications for insulating oil used in power transformers, instrument transformers, bushings, bulk oil circuit breakers, oil circuit reclosers, and switches were provided. The specifications are divided into Class A and Class B depending on the requirement for kinematic viscosity at -40 degrees C. A Class S oil is also introduced for oil circuit breakers. The standards were prepared by the Technical Committee on Transformer and Switch Oils under the jurisdiction of the Steering Committee on Electrical Engineering, and has been formally approved by these committees. It has been also approved as a National Standard of Canada by the Standards Council of Canada. The document provides a list of reference publications, describes the samples and test procedures, properties and delivery requirements. 1 tab

  14. Insulating oil, electrical for transformers and switches : a national standard of Canada; 5. ed.

    Energy Technology Data Exchange (ETDEWEB)

    Paniri, S; Burford, G; Martin, A; Adragna, M [eds.

    1997-09-01

    Standard specifications for insulating oil used in power transformers, instrument transformers, bushings, bulk oil circuit breakers, oil circuit reclosers, and switches were provided. The specifications are divided into Class A and Class B depending on the requirement for kinematic viscosity at -40 degrees C. A Class S oil is also introduced for oil circuit breakers. The standards were prepared by the Technical Committee on Transformer and Switch Oils under the jurisdiction of the Steering Committee on Electrical Engineering, and has been formally approved by these committees. It has been also approved as a National Standard of Canada by the Standards Council of Canada. The document provides a list of reference publications, describes the samples and test procedures, properties and delivery requirements. 1 tab.

  15. Corn content of French fry oil from national chain vs. small business restaurants.

    Science.gov (United States)

    Jahren, A Hope; Schubert, Brian A

    2010-02-02

    Several issues, ranging from sustainability to health, may interest the consumers in the corn content of their food. However, because restaurants are excluded from the Nutrition Labeling and Education Act of 1990, national chain restaurants provide nonspecific ingredient information and small businesses supply none. We measured the carbon isotope composition of fry oil in French fries purchased from 68 (67%) of the 101 national chain fast food restaurants on Oahu (i.e., McDonald's, Burger King, Wendy's, Arby's, and Jack in the Box), and paired this with a similar number of small businesses (n = 66) to calculate minimum percent contribution of corn to total fry oil. We found that the majority (69%) of the national chain restaurants served fries containing corn oil, whereas this was true for only a minority (20%) of the small businesses. Corn oil is more expensive than soybean oil (for example) when purchased from a small business supplier, suggesting that large-scale corporate agreements are necessary to make corn oil frying cost-effective. When considering French fry oil along with corn-fed beef and chicken, as well as high-fructose corn syrup-sweetened soda, we see the pervasive influence of corn as an ingredient in national chain fast food.

  16. 76 FR 76153 - Allco Renewable Energy Limited v. Massachusetts Electric Company d/b/a National Grid; Notice of...

    Science.gov (United States)

    2011-12-06

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. EL12-12-000] Allco Renewable Energy Limited v. Massachusetts Electric Company d/b/a National Grid; Notice of Complaint Take notice... Public Utilities Regulatory Policies Act (PURPA), Allco Renewable Energy Limited filed a formal complaint...

  17. Engaging Canadians: national oil sands dialogues - A background paper

    International Nuclear Information System (INIS)

    Carson, Bruce

    2010-01-01

    It is expected that the world's energy demand will grow significantly between now and the year 2050. Hydrocarbons will have an important role to play in meeting this increasing demand and unconventional sources such as oil sands will become more and more important. The Canadian Association of Petroleum Producers (CAPP) has been engaged in a dialogue process to examine the environmental, economic and social impacts of the oil sands industry and the aim of this background paper is to provide stakeholders with some context. The paper highlights the fact that although the oil sands industry gives rise to environmental issues such as greenhouse gas emissions, air pollutants, land disturbance and water use, the environmental performance of the industry has been improving in recent years thanks to new technologies.

  18. 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.

  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. Imported Oil and U.S. National Security

    Science.gov (United States)

    2009-01-01

    Facing the Hard Truths About Energy: A Comprehensive View to 2030 of Global Oil and Natural Gas, Washington, D.C., July 2007. As of February 14, 2009...example, if consumers could switch easily from commuting by car to mass transit or telecommuting when fuel costs rise, the effects on the U.S. economy...levels by 2011. Higher gas prices have apparently hit the Belarusian economy hard . The Lukashenko government has been looking for loans to cover

  2. Transit and Globalization of the National Oil and Gas Business

    International Nuclear Information System (INIS)

    Sekulic, G.; Tomljenovic, D.

    2001-01-01

    Energy transit plays a significant role in the energy development and globalization of the energy economy due to the dependence of the countries of large energy consumers on the energy import and the increase of export from the regions which do not have a direct connection with these consumers. In such circumstances huge amounts of energy cross several borders on their way from energy producers to energy consumers ''facing'' the risks of different political systems as well as different economic, legislative and social conditions together with environment protection conditions. With the purpose of reducing such and other risks and increasing the security level of consumer supply as well as the economic results in the energy sector, huge efforts are being made in creating market, non-discriminatory and transparent transit conditions through international treaties, agreements, conventions, protocols and similar. Owing to its geographical position, especially on the Mediterranean, the Republic of Croatia is an interesting transit country, but until now it profited only partially from this advantage. By constructing new gas pipelines and new connections of the existing oil pipeline with the European network both for the needs of local supply and transit, and according to the adopted international obligations on the conditions of the access to available capacities, construction of new capacities, market pricing, environment protection and other, oil and gas transit through this Croatia of Ours will be increased and further integration of oil and gas economy into the globalization processes will be speeded up.(author)

  3. Association of occupation, employment contract, and company size with mental health in a national representative sample of employees in Japan.

    Science.gov (United States)

    Inoue, Akiomi; Kawakami, Norito; Tsuchiya, Masao; Sakurai, Keiko; Hashimoto, Hideki

    2010-01-01

    The purpose of this study was to investigate the cross-sectional association of employment contract, company size, and occupation with psychological distress using a nationally representative sample of the Japanese population. From June through July 2007, a total of 9,461 male and 7,717 female employees living in the community were randomly selected and surveyed using a self-administered questionnaire and interview including questions about occupational class variables, psychological distress (K6 scale), treatment for mental disorders, and other covariates. Among males, part-time workers had a significantly higher prevalence of psychological distress than permanent workers. Among females, temporary/contract workers had a significantly higher prevalence of psychological distress than permanent workers. Among males, those who worked at companies with 300-999 employees had a significantly higher prevalence of psychological distress than those who worked at the smallest companies (with 1-29 employees). Company size was not significantly associated with psychological distress among females. Additionally, occupation was not significantly associated with psychological distress among males or females. Similar patterns were observed when the analyses were conducted for those who had psychological distress and/or received treatment for mental disorders. Working as part-time workers, for males, and as temporary/contract workers, for females, may be associated with poor mental health in Japan. No clear gradient in mental health along company size or occupation was observed in Japan.

  4. Company Performance at the National Training Center: Battle Planning and Execution

    National Research Council Canada - National Science Library

    Hallmark, Bryan

    1997-01-01

    ...). This study analyzes possible problems with company-level direct fire control, terrain and enemy analysis, and command and control planning and preparation, explores how these problems affect combat...

  5. Company Performance at the National Training Center Battle: Planning and Execution

    National Research Council Canada - National Science Library

    Hallmark, Bryan

    1997-01-01

    ...). This study analyzes possible problems with company-level direct fire control, terrain and enemy analysis, and command and control planning and preparation, explores how these problems affect combat...

  6. The Danish Industrial Enzyme Industry - National based Companies with strong internationalised R&D

    DEFF Research Database (Denmark)

    Pedersen, Jørgen Lindgaard; Hansen, Anne Grethe

    Danish industrial enzyme industry consists of three main companies (Chr. Hansen A/S, Novozymes A/S and Danisco A/S) which in total has around 75 percent of the world market for industrial enzymes. Industrial enzymes are catalysts used in biological and chemical processes in food, detergents, paper...... and energy and many other fields. Historically the industry started up in 1874 based on empiric knowledge on use of rennet in production of cheese from Switzerland and Germany and later enriched by scientific knowledge produced in the company and institutions all over the world. Important for the company...... was resources of calve stomachs from which the active stuff can be extracted. The private university, The Carlsberg Laboratory, established nearly at the same time, became after First World War a world leader in research of enzymes. And inspiration from here to the pharmaceutical company in insulin production...

  7. The oil barrel price

    International Nuclear Information System (INIS)

    Blondy, J.; Papon, P.

    2009-01-01

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

  8. Coconut oil and palm oil's role in nutrition, health and national ...

    African Journals Online (AJOL)

    Coconut and palm oils which were the major sources of dietary fats for centuries in most of West Africa have been branded as unhealthy highly saturated fats. Their consumption has been peddled to supposedly raise the level of blood cholesterol, thereby increasing the risk of coronary heart disease. This adverse view has ...

  9. National Assessment of Oil and Gas Project: Areas of Historical Oil and Gas Exploration and Production in the United States

    Science.gov (United States)

    Biewick, Laura

    2008-01-01

    This report contains maps and associated spatial data showing historical oil and gas exploration and production in the United States. Because of the proprietary nature of many oil and gas well databases, the United States was divided into cells one-quarter square mile and the production status of all wells in a given cell was aggregated. Base-map reference data are included, using the U.S. Geological Survey (USGS) National Map, the USGS and American Geological Institute (AGI) Global GIS, and a World Shaded Relief map service from the ESRI Geography Network. A hardcopy map was created to synthesize recorded exploration data from 1859, when the first oil well was drilled in the U.S., to 2005. In addition to the hardcopy map product, the data have been refined and made more accessible through the use of Geographic Information System (GIS) tools. The cell data are included in a GIS database constructed for spatial analysis via the USGS Internet Map Service or by importing the data into GIS software such as ArcGIS. The USGS internet map service provides a number of useful and sophisticated geoprocessing and cartographic functions via an internet browser. Also included is a video clip of U.S. oil and gas exploration and production through time.

  10. 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.

  11. The Environmental, Social, Governance, and Financial Performance Effects on Companies that Adopt the United Nations Global Compact

    OpenAIRE

    Eduardo Ortas; Igor Álvarez; Ainhoa Garayar

    2015-01-01

    This paper aims to investigate companies’ environmental, social, governance (ESG), and financial implications of their commitment to the United Nations Global Compact (UNGC). The focus is placed on companies operating in the three countries with the highest number of UNGC participants: Spain, France, and Japan. The results clearly reveal that adoption of the UNGC often requires an organizational change that fosters stakeholder engagement, ultimately resulting in improvements in companies’ ESG...

  12. Financing options for oil and gas ventures with First Nations

    International Nuclear Information System (INIS)

    Gartner, L.

    1999-01-01

    Royal Bank Financial Group has a long history of service to the Aboriginal community having supported Aboriginal initiatives with specialized products or educational programs and grants. An overview is included of recent initiatives including partnerships with the Inuit Tapirisat of Canada, the Metis National Council, First Nations and the Council for the Advancement of Native Development Officers. The bank's Aboriginal employee focus groups in several provinces provide advice and guidance on Aboriginal banking requirements and employment/training needs. Royal Trust is the only financial institution to establish a national Aboriginal Advisory Service for Aboriginal communities for investment, trust and land claim settlement services. Royal Bank donated $25,000 to the Council for the Advancement of Native Development Officers to promote entrepreneurial training seminars and a university accredited curriculum for Aboriginal Economic Development Officers. The Bank supports and encourages employees to serve with organizations such as Aboriginal Capital Corporations, National Association of Financing Centres and various Native Employment Services associations

  13. Breaking the Nation's Oil Addiction: Is Ethanol the Cure?

    National Research Council Canada - National Science Library

    Davis, Bryan B

    2006-01-01

    .... It is entrenched in Middle East affairs in an effort to stabilize that region of the world. Now the nation faces the major environmental problem of global warming stemming from its burning of fossil fuel...

  14. Soil and Oil, Trees and Seas: Building Nations through Natural Resources

    Science.gov (United States)

    Hu, Helen

    2014-01-01

    This article describes the activities of the tribal colleges and universities in building programs aimed at helping students and energy companies acquire the skills needed for employment in the natural resource industries around the Native nations. Students are learning many skills--welding, construction technology, and safety. Students are also…

  15. Oil atlas: National Petroleum Technology Office activities across the United States

    Energy Technology Data Exchange (ETDEWEB)

    Tiedemann, H.A.

    1998-03-01

    Petroleum imports account for the largest share of the US trade deficit. Over one-third of the 1996 merchandise trade deficit is attributed to imported oil. The good news is that substantial domestic oil resources, both existing and yet-to-be-discovered, can be recovered using advanced petroleum technologies. The Energy Information Agency estimates that advanced technologies can yield 10 billion additional barrels, equal to $240 billion in import offsets. The US Department of Energy`s National Petroleum Technology Office works with industry to develop advanced petroleum technologies and to transfer successful technologies to domestic oil producers. This publication shows the locations of these important technology development efforts and lists DOE`s partners in this critical venture. The National Petroleum Technology Office has 369 active technology development projects grouped into six product lines: Advanced Diagnostics and Imaging Systems; Advanced Drilling, Completion, and Stimulation; Reservoir Life Extension and Management; Emerging Processing Technology Applications; Effective Environmental Protection; and Crosscutting Program Areas.

  16. Corn content of French fry oil from national chain vs. small business restaurants

    OpenAIRE

    Jahren, A. Hope; Schubert, Brian A.

    2010-01-01

    Several issues, ranging from sustainability to health, may interest the consumers in the corn content of their food. However, because restaurants are excluded from the Nutrition Labeling and Education Act of 1990, national chain restaurants provide nonspecific ingredient information and small businesses supply none. We measured the carbon isotope composition of fry oil in French fries purchased from 68 (67%) of the 101 national chain fast food restaurants on Oahu (i.e., McDonald’s, Burger Kin...

  17. 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

  18. 76 FR 68502 - National Petroleum Reserve-Alaska Oil and Gas Lease Sale 2011 and Notice of Availability of the...

    Science.gov (United States)

    2011-11-04

    ... Petroleum Reserve-Alaska Oil and Gas Lease Sale 2011 and Notice of Availability of the Detailed Statement of Sale for Oil and Gas Lease Sale 2011 in the National Petroleum Reserve-Alaska AGENCY: Bureau of Land... tracts in the National Petroleum Reserve-Alaska. The United States reserves the right to withdraw any...

  19. 78 FR 16612 - National Oil and Hazardous Substances Pollution Contingency Plan; Revision To Increase Public...

    Science.gov (United States)

    2013-03-18

    ... Hazardous Substances Pollution Contingency Plan (NCP) to broaden the technology, to include computer... ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 300 [EPA-HQ-SFUND-2012-0738; FRL-9791-4] National Oil and Hazardous Substances Pollution Contingency Plan; Revision To Increase Public Availability of the...

  20. 75 FR 39518 - National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling; Correction

    Science.gov (United States)

    2010-07-09

    ... DEPARTMENT OF ENERGY National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling; Correction AGENCY: Office of Fossil Energy, Department of Energy. ACTION: Notice of open meeting... Spill and Offshore Drilling, (75 FR 37783). This document makes several corrections to that notice. FOR...

  1. 76 FR 25331 - Agency Information Collection Activities; Proposed Collection; Comment Request; National Oil and...

    Science.gov (United States)

    2011-05-04

    ... Activities; Proposed Collection; Comment Request; National Oil and Hazardous Substance Pollution Contingency... http://www.regulations.gov to obtain a copy of the draft collection of information, submit or view... comments: 1. Explain your views as clearly as possible and provide specific examples. 2. Describe any...

  2. Importance and performance evaluation tools for small and medium companies: critical analysis of national versus international literature

    Directory of Open Access Journals (Sweden)

    Sandro César Bortoluzzi

    2015-12-01

    Full Text Available The research aims to map the importance and performance evaluation tools for small and medium companies. This descriptive and qualitative study analyzed 33 national articles and 21 international ones. Regarding the importance of performance evaluation for small and medium companies, the literature highlights: (i it increases the success of the network; (ii it is useful for management; (iii it strengthens competitiveness; (iv it consolidates cooperation; and, (v it increases trust among partners. Comparing the national versus international literature on the importance of performance evaluation for small and medium companies, it can be noticed similar and complementary aspects, that is, there is not disagreement between the authors. The authors use tools consolidated in the literature, such as Balanced Scorecard; Benchmarking; Performance Prism and tools proposed specifically to evaluate small and medium networks. The main dimensions evaluated are: (i exchange of information; (ii value management in networks; (Iii level of network maturity; (iv benefits of collaboration; (v social capital; (vi collective efficiency; (vii network life cycle; (viii efficiency and inefficiency of the networks; and, (ix existence and intensity of the relationship between partners. The critical analysis regarding the performance evaluation concept adopted in the present study shows that the tools proposed or implemented to evaluate small and medium business networks have gaps in the process to identify criteria, measure ordinal and cardinally, integrate and generate actions of improvement.

  3. JAPANESE MONOPOLIST COMPANIES – INSTRUMENTS OF THE 'NATIONAL POLICY'

    Directory of Open Access Journals (Sweden)

    Mihut Marius Ioan

    2012-12-01

    Full Text Available As the title suggests, this article discusses the problem of monopolistic Japanese companies, unique features among advanced countries, and perhaps worldwide. The japanese most ardent desire was always to reach and to overcome the Western, and, as a balanced development of all companies would have taken a long time, japanese policy makers decided to support only those with good performances, around them being concentrated all energies in the east Asian archipelago. Following these important efforts (from the State, small and medium companies, people, etc., as it is well known, Japan has succeeded, precisely by those holdings, to become a tough opponent for developed countries and even to overcome them, becoming the second global power behind the United States. The importance of this article derives precisely from the fact that these companies (Zaibatsu and later hondings were the driving force behind Japan's economic development, whether we talk about the period preceding the Second World War or the next one. Even if after the American occupation, it was wanted with at all costs their liquidation, holdings being considered as close to prewar militaristic power, after the American withdrawal from the archipelago, they were rebuilt as a Japanese principle, the foundation of Japanese reconstruction. The paper aims to embody the main dimensions on which these companies have arrived, as well as their structure, the relations between them, their organization. On the topic discussed, the literature contains more general issue of the Japanese economy, without being paid (at least in the contemporary period consideration to these main pillars of Japanese capitalism development. The main work in which they are giving increased attention is written at the end of the Second World War, thus the need for the additions concerning the next period is important. The authors’ contribution lies precisely in the synthesis of information that he provides, from

  4. Oil and gas exploration and production activities in Brazil: The consideration of environmental issues in the bidding rounds promoted by the National Petroleum Agency

    International Nuclear Information System (INIS)

    Mariano, Jacqueline; La Rovere, Emilio

    2007-01-01

    This paper aims to address and analyze the environmental issues related to the Brazilian bidding rounds for exploration and production of oil and natural gas held by the National Petroleum Agency (ANP) from 1999 to 2005. To do so, after a brief retrospective of the seven rounds, the four main points of the bidding process are analyzed from an environmental perspective: the selection criteria for choosing the areas to be offered, the Minimum Exploration Program required by ANP, the eligibility criteria for the oil companies to take part of the bids and the concession agreements. Thus, it is possible to present the evolution of the environmental component insertion from the first to the seventh bidding round, and then to assess its efficiency in each round, apart from offering suggestions for its improvement. The suggestions presented are based on the related international experience and on the lessons learned during the last seven years

  5. Essential Oil Composition of Pinus peuce Griseb. Needles and Twigs from Two National Parks of Kosovo.

    Science.gov (United States)

    Hajdari, Avni; Mustafa, Behxhet; Nebija, Dashnor; Selimi, Hyrmete; Veselaj, Zeqir; Breznica, Pranvera; Quave, Cassandra Leah; Novak, Johannes

    The principal aim of this study was to analyze the chemical composition and qualitative and quantitative variability of essential oils obtained from seven naturally grown populations of the Pinus peuce Grisebach, Pinaceae in Kosovo. Plant materials were collected from three populations in the Sharri National Park and from four other populations in the Bjeshkët e Nemuna National Park, in Kosovo. Essential oils were obtained by steam distillation and analyzed by GC-FID (Gas Chromatography-Flame Ionization Detection) and GC-MS (Gas Chromatography-Mass Spectrometry). The results showed that the yield of essential oils (v/w dry weight) varied depending on the origin of population and the plant organs and ranged from 0.7 to 3.3%. In total, 51 compounds were identified. The main compounds were α-pinene (needles: 21.6-34.9%; twigs: 11.0-24%), β-phellandrene (needles: 4.1-27.7; twigs: 29.0-49.8%), and β-pinene (needles: 10.0-16.1; twigs: 6.9-20.7%). HCA (Hierarchical Cluster Analysis) and PCA (Principal Component Analyses) were used to assess geographical variations in essential oil composition. Statistical analysis showed that the analyzed populations are grouped in three main clusters which seem to reflect microclimatic conditions on the chemical composition of the essential oils.

  6. Essential Oil Composition of Pinus peuce Griseb. Needles and Twigs from Two National Parks of Kosovo

    Directory of Open Access Journals (Sweden)

    Avni Hajdari

    2016-01-01

    Full Text Available The principal aim of this study was to analyze the chemical composition and qualitative and quantitative variability of essential oils obtained from seven naturally grown populations of the Pinus peuce Grisebach, Pinaceae in Kosovo. Plant materials were collected from three populations in the Sharri National Park and from four other populations in the Bjeshkët e Nemuna National Park, in Kosovo. Essential oils were obtained by steam distillation and analyzed by GC-FID (Gas Chromatography-Flame Ionization Detection and GC-MS (Gas Chromatography-Mass Spectrometry. The results showed that the yield of essential oils (v/w dry weight varied depending on the origin of population and the plant organs and ranged from 0.7 to 3.3%. In total, 51 compounds were identified. The main compounds were α-pinene (needles: 21.6–34.9%; twigs: 11.0–24%, β-phellandrene (needles: 4.1–27.7; twigs: 29.0–49.8%, and β-pinene (needles: 10.0–16.1; twigs: 6.9–20.7%. HCA (Hierarchical Cluster Analysis and PCA (Principal Component Analyses were used to assess geographical variations in essential oil composition. Statistical analysis showed that the analyzed populations are grouped in three main clusters which seem to reflect microclimatic conditions on the chemical composition of the essential oils.

  7. OIL AS POLITICAL WEAPON

    Directory of Open Access Journals (Sweden)

    Mariana, BUICAN

    2013-12-01

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

  8. Review on the national and regional response to oil spill in the Arabian Gulf

    International Nuclear Information System (INIS)

    Fakhro, K.M.

    1991-01-01

    Over the past decades, the oil industry has grown enormously, resulting in a considerable number of island's oil and gas fields being fully developed. Over 30% of all oil carried by ships is produced in this region. It is exported through a narrow bottle-neck passage, Straight of Hormuz creating a continuous heavy traffic that increases the daily risk potential for ships collision, grounding or explosion that threaten the marine environment and the economy of the coastal states, should a major oil spill occur anytime. The paper reviews some major spills in the area and the action taken by the responsible authorities. The high risk potential of pollution by oil or any other harmful substances in the Arabian Gulf always exists and the need for a competent national and regional bodies was felt necessary to co-ordinate efforts in combating or mitigating marine oil pollution. The paper reviews and discusses the status of such bodies and concludes with an emphasis on strengthening them

  9. BUILDING A COMPETITIVE BUSINESS INTELLIGENCE ARCHITECTURE THAT CAN FOSTER PERFORMANCE IN THE ROMANIAN NATIONAL RAILWAY COMPANY

    Directory of Open Access Journals (Sweden)

    Dragan George Bogdan

    2015-05-01

    Full Text Available Today many industry players from banking, financial services, insurance, IT, healthcare, telecommunications and transportation are deploying competitive business intelligence to grow their company’s financial results. The use of such advanced business applications is one key enabler to increase their spread which provides them an edge over their competitors. Companies of the future are buiding a new culture developed on fact-based decisions. (BusinessWeek Research Services, 2009 These decisions are made through analysis using the business analytics systems which encourage the anticipation in solving complex business problems in the entire organization. Embracing this approach, these companies focus on their most profitable customers, define the right pricing, a faster product innovation, optimize supply chains and identify the real drivers of financial performance. This research paper will detail the theorethical importance of using competitive business intelligence architectures to gain competitive advantage.

  10. 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)

  11. Secret story of the Algerian oil

    International Nuclear Information System (INIS)

    Malti, H.

    2010-01-01

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

  12. Rationale for the management of companies under the national plan for the good life

    Directory of Open Access Journals (Sweden)

    Joel Gómez Báez

    2017-12-01

    Full Text Available There are many factors that influence the strategic process of the companies, however, the social factor as sustenance of the good life plays a significant role, which is translated by the direct participation of the man in all the activities of the company and as a member of A family and community that it has to maintain and develop. One of the great challenges of the business system is to face the problems that are present today, such as poverty, inequity and damage to the environment, which contributes to equating social development with technological and productive development. This leads to the need to combine social philosophy with competitiveness, management excellence and business success in its management. Establishing the general elements that should support the strategic management of companies, including within their fields of action productive economic management and social responsibility, was the objective of the work. Consequently, the paper addressed the theoretical and methodological foundations underlying strategic management under a social responsibility perspective.

  13. How the national prices impact the international activity? The case of oilive oil market in Spain

    OpenAIRE

    Aubert, Magali; Demaria, Federica; Gutiérrez-Salcedo, Maria

    2014-01-01

    Olive oil plays an important role in the European Union countries where Spain, Italy and Greece are the main actors. Spain industry knew a flourished period by confirming its own leadership in this sector. Spain is the main olive oil producer and exporter in the world. Starting from this evidence, the main objective of this work is that of analysing the price transmission at the national level to understand in which way this activity has some impact on the international ones. At first we look...

  14. 77 FR 67777 - National Oil and Hazardous Substance Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2012-11-14

    ... vegetable pickling waste, apple pulp, digester sludge, barrels of spent extracts, brine, the dewatering of... Michigan in Ottawa County. The Site consists of a site entrance, former lagoon area, dewatering lagoons... Company as a municipal garbage dump, liquid waste dewatering facility, and headquarters for its hauling...

  15. 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)

  16. 76 FR 76314 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-12-07

    ... that addressed the source materials stored on-site. Removal activities included waste removal, water treatment, oil/water separation, and sludge stabilization. Approximately 250,000 gallons of water were... sludge and other residual material by pressure steaming the vessel holds, engines and boilers. Engines...

  17. 78 FR 48809 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-08-12

    ... liquid hazardous waste, which included industrial and plating sludge, caustics, acid solutions, oil... performance objectives. Source control focuses on preventing surface water from infiltrating the waste unit... located just to the west of the Site. Waste management of Oklahoma (WMO) is the current owner of the MRSL...

  18. 76 FR 45428 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-07-29

    ..., potentially on the Site. The Site included the locations of the former wastewater impoundments, waste water... August 2001, consisted of the removal and off-site disposal of waste materials, water treatment, oil and water separation, and stabilization and off- site disposal of sludge materials. This Removal Action...

  19. Malaysia: oil, gas, petrochemicals

    International Nuclear Information System (INIS)

    1990-01-01

    Petronas or Petroliam Nasional Berhad was established on 17 August 1974 as the national petroleum corporation of Malaysia. The Petroleum Development Act, passed by the Malaysian Parliament in October of that same year, vested in Petronas the entire ownership of all oil and natural gas resources in the country. These resources are considerable and Malaysia is poised to become one of the major petrochemical producers in the region. This report outlines the extent of oil, gas and petrochemicals production in Malaysia, lists companies holding licences and contracts from Petronas and provides a directory of the Malaysian oil industry. (Author)

  20. The Environmental, Social, Governance, and Financial Performance Effects on Companies that Adopt the United Nations Global Compact

    Directory of Open Access Journals (Sweden)

    Eduardo Ortas

    2015-02-01

    Full Text Available This paper aims to investigate companies’ environmental, social, governance (ESG, and financial implications of their commitment to the United Nations Global Compact (UNGC. The focus is placed on companies operating in the three countries with the highest number of UNGC participants: Spain, France, and Japan. The results clearly reveal that adoption of the UNGC often requires an organizational change that fosters stakeholder engagement, ultimately resulting in improvements in companies’ ESG performance. Additionally, the results reveal that ESG performance has a significant impact on financial performance for companies that adopted the principles of the UNGC. These findings provide both non-financial and financial incentives to companies to commit to this voluntary corporate social responsibility (CSR initiative, which will have important implications on companies’ strategic management policies that aim to foster sustainable businesses and community development. Finally, the linkages between the UNGC-committed companies’ ESG and financial performance may be influenced by geographical spread, mainly due to the appearance of differences in the institutional, societal, and cultural settings.

  1. 75 FR 71792 - National Express Corporation-Control Exemption-Vogel Bus Company, Inc.

    Science.gov (United States)

    2010-11-24

    .... 13101; (2) regulation either is not needed to protect shippers from the abuse of market power or the... DEPARTMENT OF TRANSPORTATION Surface Transportation Board [Docket No. MC-F-21039] National Express...: Notice of filing of petition for exemption. SUMMARY: National Express Corporation (NEC), a noncarrier...

  2. THE COMPETITIVE PROFILE OF THE NATIONAL RAILWAY COMPANY FROM THE PERSPECTIVE USE OF KNOWLEDGE MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Dragan George Bogdan

    2013-12-01

    Full Text Available In the context of the current business environment, characterized by an increasing degree of competitiveness which diminishes the possibilities for differentiation, it is necessary to implement a successful strategic knowledge management process and adapt it to the company’s needs. The purpose is that it can help the company to translate its strategic vision and mission into action. Regarding the organizational environment, organizational needs analysis - expressed in terms of the knowledge society - determine "competitiveness" as a necessary condition of survival of the company. Competitiveness has always been an organizational goal. Is born, so the question: why competitiveness became just today, the key to success of business processes? The answer, we believe that it is in dynamic markets (supply, demand - dynamic value by bringing in goods and services, the widespread use of knowledge. The importance of knowledge-based activities has greatly increased in recent years. Also, knowledge began to be regarded as the main source of wealth production, protecting it represents an important element in achieving and maintaining a competitive advantage.

  3. Quantitative Assessment of Resilience in the operatives unitsof National Iranian Drilling Company (regional study: Khuzestan

    Directory of Open Access Journals (Sweden)

    M. Arassi

    2015-01-01

    Full Text Available Introduction: Resilience engineering is a new approach in safety science. Its goal is to maintain organizational capacity in an acceptable level to help system in managing the crisis. Indeed, resilience engineering rely on systems abilities instead of weaknesses, and try to find indicators that help the system durability. .Material and Method: In this study,first, 6 resilience engineering factors were chosen and sent toexperts in the form of paired comparison sheets. On the other hand, a valid standard questionnaire distributed among drilling rigs operational workers for measuring the NIDC resilience level. Finally,the priority of corrective actionswas determinedaccording to the score of the two analyzedquestionnaires. .Results: The results of resilience engineering factors weighting showed that the management commitment has the highest value andthe second place belonged to the correct culture. The indicators’scores,based on the distributed questionnaires among workers, showed that all of the six factors had similar scoreswhich can be evaluated as fairly good. Finally, the results of prioritization of indicators ofresilience engineering, basedon the combination ofthe questionnaire and experts opinions showed that management commitment is the most effective resilience factor in the organization. ..Conclusion: Management commitment and the current culture are the most importantcontributing factorsin company resilience level. Experienced workforce was the best strengthof the company and the effect of financial issues on resilience and safety was the biggest problem ahead.

  4. Kashechewan First Nation St. Andrews School oil remediation project: a case study

    International Nuclear Information System (INIS)

    Gable, S. W.

    1997-01-01

    Case study of the remediation of an oil seepage into a school building in a First Nations community, on the shores of the Albany River, in the James Bay region of northern Ontario, was discussed. The spill has created significant health hazards as manifested by nausea, vomiting and severe headaches among both students and teachers. Investigation determined that the O-ring fittings of the pipe joints, used during the installation of the oil pipeline linking the above-ground oil tank farm and the school building, were unsuitable for the intended use. They subsequently failed, allowing heating oil to leak from the pipes along the building and migrating into the gymnasium. A variety of remediation alternatives have been considered. The remedial actions taken include: in-situ containment using an impermeable membrane with passive venting and continuous air quality monitoring for the area below the recreation complex, excavation to create draining trenches, replacement of contaminated soil around the building and from the building to the river, and installation of a clay collar and oil/water separator in each drain line. The work was completed in January 1996. To date, all systems function satisfactorily

  5. Oil: economic and political factors

    International Nuclear Information System (INIS)

    Ayoub, A.

    1994-01-01

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

  6. Business firms in national and local society: international perspectives for analysis of companies

    Directory of Open Access Journals (Sweden)

    Paola Cappellin

    2009-10-01

    Full Text Available The reflections that this article provides are meant to develop a sociological analysis of businesses through a theory of embeddedness. We reject a mechanistic view of the way need and utility combine in the large Fordist firm, preferring to adopt the perspective that sees this type of organization as a complex historical construction (Granovetter e McGuire 1998, Mingione, 1999. For such purposes, our article reviews contributions of French and Italian literature which, as of the 1980s, has suggested the need to devote profound attention to the relationship between economy and society. In our conclusions, we present elements meant to bring these discussions up-to-date, particularly with regard to the dynamics of business firm and territory. We propose consideration of the limitations and possibilities of this literature, which through the concept of embeddedness has added historical dimensions to our understanding of economic phenomena. Keywords: companies, local development, economics and society, embeddedness.

  7. Is there an improvement on the Web sites of the national and international pharmaceutical companies in Turkey? A follow-up study.

    Science.gov (United States)

    Yegenoglu, Selen; Aslan, Dilek; Sozen, Bilge

    2012-04-01

    In this follow-up study, we aimed to assess national and international pharmaceutical companies' Web sites using guidelines of The Association of Research-Based Pharmaceutical Companies (AIFD) and Pharmaceutical Manufacturers Association of Turkey (IEIS) to define whether there has been progress since 2004. We used two national guidelines in order to evaluate the Web sites of pharmaceutical companies in our study. The first guideline was from IEIS, and the second was from AIFD, which was issued recently. We collected our data between February 1 and April 30, 2011. Data analyses were performed using SPSS version 15.0. Chi squared test was done for comparing the two assessments in different years (2004 and 2011). In general, the progress that we were expecting was not satisfactory for both the international and national companies. The percentage of unmet criteria increased for "links" (from 48.0% to 52.0%) and for "mentioning the responsible person/firm for the Web site design" (from 40.6% to 59.4%) among national companies. We observed statistically significant progress only for the "information for the public" criterion (from 52.9% to 100%) among international companies. On the other hand, there was progress and a statistically significant difference in terms of not displaying any "drug ads" on the Web sites of national firms (from 55.9% to 87.5%), availability of "mail address" (from 88.2% to 100%), "telephone number" (from 88.2% to 100%), "indication of the target group" (from 23.5% to 52.1%), and "disclaimer stating the given information cannot replace a physician or pharmacist" (from 29.4% to 53.1%). Our major recommendation to pharmaceutical companies is to update their Web sites with evidence-based scientific information about themselves and their products using international and national standards. From the companies' perspective, this should be a priority responsibility based on the ethical aspect of individual and community health.

  8. 76 FR 11350 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-03-02

    ..., Reporting and recordkeeping requirements, Superfund, Water pollution control, Water supply. Dated: February... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Partial Deletion of the... Mexico, from the National Priorities List (NPL). The NPL, promulgated pursuant to section 105 of the...

  9. The Research Administrator's Responsibility for Buying from Minority-Owned Companies.

    Science.gov (United States)

    Shaffer, Lyle E.

    1979-01-01

    The author, the president of Amoco Venture Capital Company, a subsidiary of Standard Oil Company of Indiana designed to promote minority purchasing and finance minority enterprise, describes his program and the national program to promote minority enterprise. Ways that research administrators can develop minority sources for laboratory needs are…

  10. Global Standardization or National Differentiation of HRM Practices in Multinational Companies?

    DEFF Research Database (Denmark)

    Edwards, Tony; Lavelle, Jonathan; Minbaeva, Dana

    2014-01-01

    MNCs. We argue that there is evidence of dominance effects and convergence in the nature of practices across countries, something that shows through particularly in the analysis of US MNCs, but also of nationally-conditioned practices, which is more evident in our analysis of the five sets...

  11. 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.

  12. 76 FR 56294 - National Oil and Hazardous Substances Pollution Contingency Plan National Priorities List

    Science.gov (United States)

    2011-09-13

    ... and Hazardous Substances Pollution Contingency Plan National Priorities List AGENCY: Environmental... pollution control, Chemicals, Hazardous Waste, Hazardous substances, Intergovernmental relations, Penalties... error in processing the direct- final rule. The online Federal Document Management System (FDMS) did not...

  13. 76 FR 56362 - National Oil and Hazardous Substances Pollution Contingency Plan National Priorities List

    Science.gov (United States)

    2011-09-13

    ... and Hazardous Substances Pollution Contingency Plan National Priorities List AGENCY: Environmental... protection, Air pollution control, Chemicals, Hazardous Waste, Hazardous substances, Intergovernmental... processing the deletion notice. The online Federal Document Management System (FDMS) did not include required...

  14. 76 FR 510 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-01-05

    ..., Intergovernmental relations, Penalties, Reporting and recordkeeping requirements, Superfund, Water pollution control... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Partial Deletion of the... Site is located in Albuquerque, Bernalillo County, New Mexico. After this deletion, this 62 acres will...

  15. THE COMPETITIVE ADVANTAGE OF NATIONS AND THE PARTICULARITIES OF ROMANIAN COMPANIES

    OpenAIRE

    Alina HAGIU; Marinela BĂRBULESCU

    2013-01-01

    The theory of competitive advantage of Michael Porter stated that national competitive advantage is a reflection of a "diamond" which is running properly and efficiently. But if a developing country like Romania does not have the right conditions for effective functioning of the "diamond", what happens? This is the question to which we try to give an answer within this paper. In this respect, the paper aims to analyze the theory of competitive advantage of Michael Porter, followed by...

  16. Identification of key oil refining technologies for China National Petroleum Co. (CNPC)

    International Nuclear Information System (INIS)

    Liu Haiyan; Yu Jianning; Xu Jian; Fan Yu; Bao Xiaojun

    2007-01-01

    This paper summarizes the results from the project 'Vision of the Key Petroleum Refining Technologies for China National Petroleum Co. (CNPC) in the Early 21st Century' undertaken by the Department of R and D Administration, CNPC, and its affiliate key laboratory, The Key Laboratory of Catalysis operated by China University of Petroleum, Beijing. The objective of the project was to identify the challenges and opportunities of CNPC's petroleum refining business given increasing economy globalization and stricter environmental regulations. Using the modified Delphi method, four key technologies for CNPC's oil refining industry were identified. They are: integrated fluid catalytic cracking (FCC), hydroprocessing, residue hydrocracking, and high-grade lubricant production. The most significant technology will be the integrated FCC technology that can economically increase the yield of light fractions as well as upgrade transportation fuels. In China, FCC units produce about 80% and 30% commercial gasoline and diesel, respectively. To ensure compliance with future environmental legislation, hydroprocessing technologies, including those related to petroleum product hydrorefining and distillate hydrocracking, should be developed. By combining residue hydrocracking and FCC technologies, poorer quality residua can be processed. Supplying high-grade lube oils is one of the main tasks for CNPC's oil refining industry. Development of hydrodewaxing technologies to manufacture API group II/III base oil is the main direction for CNPC's lubricant production business

  17. 75 FR 38093 - ConocoPhillips Alaska Natural Gas Corporation and Marathon Oil Company; Application for Blanket...

    Science.gov (United States)

    2010-07-01

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

  18. Empirical studies on changes in oil governance

    Science.gov (United States)

    Kemal, Mohammad

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

  19. Problem Based Learning as a Cultural Tool for Health and Safety Learning in a Multi-national Company

    DEFF Research Database (Denmark)

    Adam, Henrik; Petersson, Eva

    2013-01-01

    The general background of this study is an interest in how cultural tools contribute to structuring learning activities. The specific interest is to explore how such tools co-determine employees’ problem solving actions in health, safety and environment (HSE) training activities in a multi...... learn to organise HSE actions in the context of using Problem Based Learning (PBL) applied as a cultural tool. More specifically, our interest is in how PBL promotes adult learning by drawing on learners’ experience and involving them in reflective and social processes in the given context......-national company context. Theoretically, the research takes its point of departure in a socio-cultural perspective on the role of cultural tools in learning, and in a complementary interest in the role of communicative framing of learning activities. In the research reported here, the focus is on how employees...

  20. Should tobacco and alcohol companies be allowed to influence Australia’s National Drug Strategy?

    Directory of Open Access Journals (Sweden)

    Becky Freeman

    2017-04-01

    Full Text Available Formation of Australia’s National Drug Strategy (NDS included an extensive consultation process that was open not only to community and public health stakeholders, but also to representatives of the tobacco and alcohol industries. Australia is bound by the World Health Organization Framework Convention on Tobacco Control, which requires governments to protect tobacco control measures from interference by the tobacco industry. NDS consultation submissions made by these conflicted industries are not publicly available for scrutiny. The NDS goals are at odds with the commercial agenda of industries that support regulatory stagnation, oppose and undermine effective action, ignore and distort evidence, and prioritise profits over health.

  1. THE COMPETITIVE ADVANTAGE OF NATIONS AND THE PARTICULARITIES OF ROMANIAN COMPANIES

    Directory of Open Access Journals (Sweden)

    Alina HAGIU

    2013-12-01

    Full Text Available The theory of competitive advantage of Michael Porter stated that national competitive advantage is a reflection of a "diamond" which is running properly and efficiently. But if a developing country like Romania does not have the right conditions for effective functioning of the "diamond", what happens? This is the question to which we try to give an answer within this paper. In this respect, the paper aims to analyze the theory of competitive advantage of Michael Porter, followed by an identification of the advantages and criticisms of this theory over time. Finally we make a customization of this theory in the context of the competitive environment in Romania.

  2. Should tobacco and alcohol companies be allowed to influence Australia's National Drug Strategy?

    Science.gov (United States)

    Freeman, Becky; MacKenzie, Ross; Daube, Mike

    2017-04-27

    Formation of Australia's National Drug Strategy (NDS) included an extensive consultation process that was open not only to community and public health stakeholders, but also to representatives of the tobacco and alcohol industries. Australia is bound by the World Health Organization Framework Convention on Tobacco Control, which requires governments to protect tobacco control measures from interference by the tobacco industry. NDS consultation submissions made by these conflicted industries are not publicly available for scrutiny. The NDS goals are at odds with the commercial agenda of industries that support regulatory stagnation, oppose and undermine effective action, ignore and distort evidence, and prioritise profits over health.

  3. Decision Support System in National Power Companies. A Practical Example (Part I

    Directory of Open Access Journals (Sweden)

    Adela BARA

    2013-05-01

    Full Text Available The paper presents the developing stages of the decision support prototype in which the data warehouse and the presentation level are built and validated. The paper also extends the results published in the 12th international conference on Informatics in Economy (IE 2013 proceedings and will presents the major steps for developing the data warehouse that integrates the sources from the Wind Power Plants (WPP from the national parks and also the interface modules that allow managers to analyze data at a central level.

  4. 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

  5. Global, regional, and national consumption levels of dietary fats and oils in 1990 and 2010

    DEFF Research Database (Denmark)

    Micha, Renata; Khatibzadeh, Shahab; Shi, Peilin

    2014-01-01

    at older ages. Intakes were similar by sex. Between 1990 and 2010, global saturated fat, dietary cholesterol, and trans fat intakes remained stable, while omega 6, seafood omega 3, and plant omega 3 fat intakes each increased. CONCLUSIONS: These novel global data on dietary fats and oils identify dramatic......OBJECTIVES: To quantify global consumption of key dietary fats and oils by country, age, and sex in 1990 and 2010. DESIGN: Data were identified, obtained, and assessed among adults in 16 age- and sex-specific groups from dietary surveys worldwide on saturated, omega 6, seafood omega 3, plant omega....../day (228 mg/day) for dietary cholesterol; 5 to 3,886 mg/day (163 mg/day) for seafood omega 3; and plant omega 3. Countries representing 52.4% of the global population had national mean intakes for omega 6 fat ≥ 5%E; corresponding proportions meeting optimal intakes...

  6. Environmental components of OCS policy committee recommendations regarding national oil spill prevention and response program

    International Nuclear Information System (INIS)

    Groat, C.G.; Thorman, J.

    1991-01-01

    The Exxon Valdez oil spill of March 24, 1989 resulted in thousands of pages of analytical reports assessing the environmental, organizational, legal, procedural, social, economic, and political aspects of the event. Even though the accident was a transportation incident, it had a major impact on the public and political perception of offshore oil operations. This caused the OCS Policy Committee, which advises the Secretary of the Interior and the Minerals Management Service on Outer Continental Shelf resource development and environmental matters, to undertake a review of the reports for the purpose of developing recommendations to the secretary for improvements in OCS operations that would insure maximum efforts to prevent spills and optimal ability to deal with any that occur. The Committee felt strongly that 'a credible national spill prevention and response program from both OCS and non-OCS oil spills in the marine environment is needed to create the political climate for a viable OCS program.' The report of the Committee described eight essential elements of this program; four of these focused on the environmental aspects of oil spills, calling for (1) adequate characterization of the marine and coastal environment, including both information and analysis, accessible to decision makers, (2) the capacity to restore economic and environmental resources as quickly as possible if damage occurs, (3) a mechanism for research on oil spill impacts, and (4) a meaningful role for all interested and responsible parties, including the public, in as many of these activities as possible, from spill prevention and contingency planning to environmental oversight of ongoing operations and participation in clean-up and restoration activities

  7. 75 FR 43082 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2010-07-23

    ..., most of which is devoted to ammunition storage. LEAD was the subject of two listings on the National... test trenches were completed in this parcel, and one sample was analyzed for Target Analyte List (TAL... various flammable liquids, which were ignited. There was no record of the exact location of the pan, years...

  8. 76 FR 50414 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-08-15

    ... Superfund Site (Site), located in the Borough of Sayreville, Middlesex County, New Jersey, from the National... Sayreville in Middlesex County, New Jersey, approximately one mile south of Route 535 and one and a half... landfill Site. The deed notice was recorded in Middlesex County on August 10, 2010. In March 2003, in...

  9. 75 FR 55479 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2010-09-13

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Partial Deletion of the... . SUPPLEMENTARY INFORMATION: The portion of the site to be deleted from the NPL is the surface media (soil... further actions. List of Subjects in 40 CFR Part 300 Environmental protection, Air pollution control...

  10. 77 FR 31215 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2012-05-25

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Partial Deletion of the... the surface soil, unsaturated subsurface soil, surface water and sediments of Operable Unit (OU) 1...: The Environmental Protection Agency (EPA) Region 8 announces the deletion of Operable Unit (OU) 1--the...

  11. 76 FR 45483 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-07-29

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Notice of Intent for... Contingency Plan (NCP). The EPA and the State of Texas, through the Texas Commission on Environmental Quality... Notice of Deletion for SMPA Superfund Site without prior Notice of Intent for Deletion because EPA views...

  12. 78 FR 11620 - National Oil and Hazardous Substances Pollution Contingency Plan National Priorities List...

    Science.gov (United States)

    2013-02-19

    ... and Hazardous Substances Pollution Contingency Plan National Priorities List: Deletion of the Kerr... Substances Pollution Contingency Plan (NCP). EPA and the State of Illinois, through the Illinois... because we view this as a noncontroversial revision and anticipate no adverse comment. We have explained...

  13. 78 FR 45905 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-07-30

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the Craig... Substances Pollution Contingency Plan (NCP). The EPA and the Commonwealth of Pennsylvania, through the... Craig Farm Drum Superfund Site without prior Notice of Intent to Delete because we view this as a...

  14. 77 FR 43567 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2012-07-25

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the Fort... Contingency Plan (NCP). The EPA and the State of New Jersey, through the NJ Department of Environmental... Intent to Delete because we view this as a noncontroversial revision and anticipate no adverse comment...

  15. 76 FR 50441 - National Oil and Hazardous Substance Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-08-15

    ... and Hazardous Substance Pollution Contingency Plan; National Priorities List: Deletion of the... Substances Pollution Contingency Plan (NCP). The EPA and the State of New Jersey, through the New Jersey... Deletion of the Sayreville Landfill Superfund Site without prior Notice of Intent to Delete because we view...

  16. 76 FR 20605 - National Oil and Hazardous Substance Pollution Contingency Plan National Priorities List...

    Science.gov (United States)

    2011-04-13

    ... and Hazardous Substance Pollution Contingency Plan National Priorities List: Deletion of the... Substances Pollution Contingency Plan (NCP). EPA and the State of Michigan, through the Michigan Department... Delete because we view this as a noncontroversial revision and anticipate no adverse comment. We have...

  17. 76 FR 70057 - National Oil and Hazardous Substance Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-11-10

    ... and Hazardous Substance Pollution Contingency Plan; National Priorities List: Partial Deletion of the...). Refer to Figures 1 to 3 in the deletion docket to view the location of the two parcels being proposed... Substances Pollution Contingency Plan (NCP). This direct final partial deletion is being published by EPA...

  18. 78 FR 47267 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-08-05

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the... Contingency Plan (NCP). The EPA and the State of Oklahoma, through the Oklahoma Department of Environmental... without prior Notice of Intent to Delete because we view this as a noncontroversial revision and...

  19. 76 FR 51316 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-08-18

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the... Contingency Plan (NCP). The EPA and the Commonwealth of Puerto Rico, through the Puerto Rico Environmental... Site without prior Notice of Intent to Delete because we view this as a noncontroversial revision and...

  20. 78 FR 44512 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-07-24

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the Sola... Pollution Contingency Plan (NCP). The EPA and the State of California, through the Regional Water Quality...., Inc. Superfund Site without prior Notice of Intent to Delete because we view this as a...

  1. 76 FR 32115 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2011-06-03

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Intent To Delete the... Substances Pollution Contingency Plan (NCP). The EPA and the State of Delaware, through the Delaware... Delete because EPA views this as a noncontroversial revision and anticipates no adverse comment. We have...

  2. 78 FR 45167 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2013-07-26

    ... and Hazardous Substances Pollution Contingency Plan; National Priorities List: Deletion of the Cannon... Substances Pollution Contingency Plan (NCP). The EPA and the State of Massachusetts, through the...), Superfund Site without prior Notice of Intent to Delete because we view this as a noncontroversial revision...

  3. 77 FR 67783 - National Oil and Hazardous Substance Pollution Contingency Plan National Priorities List...

    Science.gov (United States)

    2012-11-14

    ... and Hazardous Substance Pollution Contingency Plan National Priorities List: Deletion of the Waste... and Hazardous Substances Pollution Contingency Plan (NCP). EPA and the State of Michigan, through the...-Holland Lagoons Superfund Site without prior Notice of Intent to Delete because we view this as a...

  4. 77 FR 58321 - National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List...

    Science.gov (United States)

    2012-09-20

    ... Hanover County Airport Burn Pit Superfund Site AGENCY: Environmental Protection Agency. ACTION: Final rule... Airport Burn Pit Superfund Site (Site) located in Wilmington, North Carolina, from the National Priorities... INFORMATION: The site to be deleted from the NPL is: New Hanover County Airport Burn Pit Superfund Site...

  5. Venezuela slates second oil field revival round

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

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

  6. 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

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

    International Nuclear Information System (INIS)

    Greggio, R.; Maffei, B.

    2015-01-01

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

  8. Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based Company

    Directory of Open Access Journals (Sweden)

    Stefan Stander

    2013-09-01

    Full Text Available The developing South African economy provides good business opportunities for global companies. Despite the popularity of mergers and acquisitions as a way to expand into a developing economy, many such business transaction fail to create sustainable organisations due to issues pertaining to national and corporate cross-cultural issues. This study investigated the potential impact of national cultural differences pertinent to the acquisition of a South African-based resource company by a French-based international group. It was evident that there were cultural differences in the manner which certain attitudes and actions were expressed within the workplace, which have led to some conflict that hampered the optimum functioning of the accounting-related functions within the company. By using Hofstede’s cultural dimensions andGray’s accounting value classification frameworks within this case study, the organization’s management was provided with insights into how national cultural orientation affects their functioning.

  9. 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....

  10. 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.

  11. 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

  12. 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.

  13. 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

  14. 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.

  15. Modeled Oil and Gas Atmospheric Impacts in National Parks and Wilderness Areas in the Western US

    Science.gov (United States)

    Thompson, T. M.; Barna, M. G.; Schichtel, B. A.; Vimont, J.; Moore, C. T.

    2014-12-01

    Oil and gas production in the Western United States has increased considerably over the past 10 years. While many of the still limited oil and gas impact assessments have focused on potential human health impacts, the typically remote locations of production in the Intermountain West suggests that the impacts of oil and gas production on national parks and wilderness areas (class 1&2 areas) could also be important. To evaluate this, we utilize the Comprehensive Air quality Model with Extensions (CAMx) with two year-long modeling episodes representing 2008 and 2011, meteorology and emissions. The model inputs for the 2008 and 2011 episodes were generated as part of the West-wide Jump-start Air Quality Modeling Study (WestJumpAQMS) and Three State Air Quality Study (3SAQS) respectively. Both studies included a detailed assessment of oil and gas (O&G) emissions in Western States for the respective years. Each year-long modeling episode was run both with and without emissions from O&G production. The difference between these two runs provides an estimate of the contribution of the O&G production to air quality. These data were used to assess the contribution of O&G to the 8 hour average ozone concentrations, daily and annual fine particulate concentrations, annual nitrogen deposition totals and visibility in the modeling domain. We present the results for the class 1&2 areas in the Western US. We also present temporal trends of O&G impacts, differentiating between trends in urban and rural areas.

  16. Enhancing National Participation in the Oil and Gas Industry in Uganda

    Energy Technology Data Exchange (ETDEWEB)

    Heum, Per; Mwakali, Jackson A.; Ekern, Ole Fredrik; Byaruhanga, Jackson N.M.; Koojo, Charles A.; Bigirwenkya, Naptali K.

    2011-07-01

    In realization of the petroleum industry potential, Uganda's Oil and Gas policy seeks to optimize wealth creation from the industry to enhance the welfare of the citizens. This study has examined how Uganda may benefit from the participation of Ugandans and Ugandan firms in the petroleum activities. In the literature this is frequently referred to by applying the term local content. Local in this sense, however, refers to national as opposed to international or foreign contributions. Thus, we apply the concept national content to avoid any misunderstanding. Focus of our study has been on identifying the opportunities, gaps and challenges posed by the petroleum industry to recommend necessary measures to maximize the benefits of national content otherwise defined as national participation.The study has examined lessons Uganda may draw on from other countries and from the economic literature on industrial growth and national wealth. Furthermore, the specific point of departure for Uganda with regard to expected petroleum activities, Uganda's industrial base and its human resource base, has been investigated. On this basis, the study has made its recommendations.(eb)

  17. Technical skill acquisition in the Tanzanian oil sector

    International Nuclear Information System (INIS)

    Mwandosya, M.J.

    1990-01-01

    The oil sector is strategic in any nation's endeavor for development. Disruption of oil supplies leads to a disruption in all sectors of the economy. In addition, by holding a prerogative over technical knowledge, the multinational oil companies have strengthened their influence. They have over time invested in research and development in exploration and refining, and have established a world-wide network of marketing systems. This paper provides a discussion of skill acquisition by indigenous people which is a discussion of the interface between the affiliates of these multinational companies, their corporate desires, and the efforts of emerging nations to control or at least monitor and regulate these affiliates

  18. 11. International Oil Summit 2010

    International Nuclear Information System (INIS)

    Anon.

    2010-01-01

    In his introduction at the 11. international oil summit 2010, Mr N. Ait-Laoussine (President of Nalcosa and past Energy Minister in Algeria) has summarized the main points which will be approached during the meeting: 1)after the crisis of 2008, what will be the challenges of the petroleum industry? the environmental constraints? the availability of the new technologies? Will the prices volatility be permanent? 2)what will be the strategy at middle/long term of the national petroleum companies, of the international petroleum companies and of the service companies (partnership, research and innovation,....)? (O.M.)

  19. 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)

  20. The Mexican oil industry

    International Nuclear Information System (INIS)

    Marcos-Giacoman, E.

    1991-01-01

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

  1. 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.

  2. Health survey of occupationally exposed personnel during and after ceasing the activity at Uranium National Company-Feldioara branch

    International Nuclear Information System (INIS)

    Bochie, Olivia; Bogdan, Gabriela

    2000-01-01

    The working personnel at the uranium ore mining of National Uranium Company is exposed to risk factors which affect the health condition by generating a specific morbidity. The main characteristic of this morbidity is the prevalence of respiratory system diseases (five times more frequent than in control population). The illness of other organs is not significantly different from non exposed people. The hemograms of uranium mining workers present the following characteristics: hematocrit, hemoglobin and thrombocytes number have normal values; also, within normal bounds but a little bit smaller is the leucocyte number; erythrocyte constants present lower values, particularly in elder people (50-55 years). These studies allowed to draw the conclusion that the presence of radioactive ore adds the risk of internal and external contamination due to radioactive powders, radon and its products generated by alpha decay to other risks specific for the mining activity, such as, unfavorable microclimate, powders containing SiO 2 aerosols, noxious powders and toxic gases. The working conditions, age and habits (smoking, particularly) are supplementary risk factors influencing the health condition of occupationally exposed personnel. (authors)

  3. INVESTIGATING THE LEVEL OF BURNOUT AND INFLUENCING FACTORS ON IT AMONG THE WORKERS: CASE STUDY THE PETROCHEMICAL INDUSTRIES NATIONAL COMPANY

    Directory of Open Access Journals (Sweden)

    Hassan DARVISH

    2011-01-01

    Full Text Available This study is done with the purpose of investigation the level of burnout andinfluencing factors on it. The method used is measuring or filed-finding,descriptive studies type and the statistic society is made of the entire officialand non-official workers in the petrochemical industries national company inthe year (2009 including 6901people in the main office and 12 subsidiarycompanies who are working. The estimation of the sample volume is madeusing the cochran formula by the volume of 1742 people and the accidentalclass and the domesticated form of the Maslach Burn Out Inventory has beenused for gathering the dependant variant data of the study. In this study therelevance or effect of 20 independent variables on the burnout and itsconstituents was investigated. In the two variable tests, the emotionalcommitment had a reverse relation with burnout. So that with the increase ofthe interest and bind of the workers to the organization, the level of burnoutdecreased. In analyzing the step by step regression of the burnout accordingto the expected variables, 41percent of the explained burnout (R 2 =41%,and ranking the amount of the standard coefficient, the main elements likethe nature of the job, emotional commitment, work environment, job security,coworkers, education, job type, salary and the premium and jobindependence in the remaining regression equation and on the burnoutvariable have been influencing.

  4. Japan's involvement in oil sands development

    International Nuclear Information System (INIS)

    Sugiura, T.

    1994-01-01

    According to Japanese national policy, exploration and development by Japanese companies in overseas countries are promoted in order to ensure stable oil supplies. Japan Canada Oil Sands Limited (JACOS), part of the JAPEX group, was established during the 1978 world oil crisis to explore and develop Canadian oil sand resources in accordance with Japan's national policy. The JAPEX group, including JACOS, has invested $123 million in oil sands projects in Alberta. JAPEX's first involvement in oil sands was in the Primrose Project operated by Norcen in the Cold Lake area. Five years of cyclic steam stimulation pilot tests did not produce sufficiently good results to justify further operation. The second involvement was the PCEJ Project, a joint effort by four companies that are participating in a bitumen recovery test project in the Athabasca Deposit. JACOS holds 2,452 km 2 of oil sands leases in Alberta. Tests conducted since 1978 in the PCEJ Project include multiwell steam injection pilot tests, some of which showed promise. JACOS is also participating in steam assisted gravity drainage projects and in federal/provincial research programs. Obstacles identified in developing Alberta oil sands are the lack of a bitumen pipeline to Edmonton and the insufficient length of oil sands leases (currently 10 years), given the difficulties of oil sand development. 10 figs

  5. 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

  6. Estimating national water use associated with unconventional oil and gas development

    Science.gov (United States)

    Carter, Janet M.; Macek-Rowland, Kathleen M.; Thamke, Joanna N.; Delzer, Gregory C.

    2016-05-18

    The U.S. Geological Survey’s (USGS) Water Availability and Use Science Program (WAUSP) goals are to provide a more accurate assessment of the status of the water resources of the United States and assist in the determination of the quantity and quality of water that is available for beneficial uses. These assessments would identify long-term trends or changes in water availability since the 1950s in the United States and help to develop the basis for an improved ability to forecast water avail- ability for future economic, energy-production, and environmental uses. The National Water Census (http://water.usgs.gov/watercensus/), a research program of the WAUSP, supports studies to develop new water accounting tools and assess water availability at the regional and national scales. Studies supported by this program target focus areas with identified water availability concerns and topical science themes related to the use of water within a specific type of environmental setting. The topical study described in this fact sheet will focus on understanding the relation between production of unconventional oil and gas (UOG) for energy and the water needed to produce and sustain this type of energy development. This relation applies to the life-cycle of renewable and nonrenewable forms of UOG energy and includes extraction, production, refinement, delivery, and disposal of waste byproducts. Water-use data and models derived from this topical study will be applied to other similar oil and gas plays within the United States to help resource managers assess and account for water used or needed in these areas. Additionally, the results from this topical study will be used to further refine the methods used in compiling water-use data for selected categories (for example, mining, domestic self-supplied, public supply, and wastewater) in the USGS’s 5-year national water-use estimates reports (http://water.usgs.gov/watuse/).

  7. 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.  

  8. 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.

  9. Pathways for First Nation and Metis youth in the oil sands

    Energy Technology Data Exchange (ETDEWEB)

    Taylor, A.; Friedel, T.L.; Edge, L. [Alberta Univ., Edmonton, AB (Canada). Dept. of Educational Policy Studies

    2009-04-15

    This paper investigated the political, social, and economic influences on First Nation and Metis youth attitudes towards further education in the municipality of Wood Buffalo, Alberta. The region is the site of rapid industrial development related to the oil sands industry. Institutional and policy structures that support or inhibit the ability of First Nation and Metis youth to find sustained, well-paid employment and careers were also evaluated. The study included a historical overview of government-Aboriginal relations in the region, as well as a review of statistics related to the training and education of the Aboriginal identity population in Canada and Alberta. A review of recent literature focused on Aboriginal youth was conducted, and details of relevant education and training policies were presented. The final sections of the report provided an analysis of 65 interviews and focus groups that involved 91 individuals that were conducted in 2008. Participants consisted of educators, government representatives, Aboriginal community members and youths aged between 15 to 30 years. The study showed that an increased reliance on industry partners has fostered inequities within and across communities, and has resulted in a fragmented approach to education and training in the region. The paper emphasized that there is a greater need to address the individual, systemic, and institutional bias faced by First Nation and Metis youth in the region. 56 refs., 1 fig.

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

    International Nuclear Information System (INIS)

    De La Vega Navarro, A.

    1994-01-01

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

  11. Toward Consistent Methodology to Quantify Populations in Proximity to Oil and Gas Development: A National Spatial Analysis and Review.

    Science.gov (United States)

    Czolowski, Eliza D; Santoro, Renee L; Srebotnjak, Tanja; Shonkoff, Seth B C

    2017-08-23

    Higher risk of exposure to environmental health hazards near oil and gas wells has spurred interest in quantifying populations that live in proximity to oil and gas development. The available studies on this topic lack consistent methodology and ignore aspects of oil and gas development of value to public health-relevant assessment and decision-making. We aim to present a methodological framework for oil and gas development proximity studies grounded in an understanding of hydrocarbon geology and development techniques. We geospatially overlay locations of active oil and gas wells in the conterminous United States and Census data to estimate the population living in proximity to hydrocarbon development at the national and state levels. We compare our methods and findings with existing proximity studies. Nationally, we estimate that 17.6 million people live within 1,600m (∼1 mi) of at least one active oil and/or gas well. Three of the eight studies overestimate populations at risk from actively producing oil and gas wells by including wells without evidence of production or drilling completion and/or using inappropriate population allocation methods. The remaining five studies, by omitting conventional wells in regions dominated by historical conventional development, significantly underestimate populations at risk. The well inventory guidelines we present provide an improved methodology for hydrocarbon proximity studies by acknowledging the importance of both conventional and unconventional well counts as well as the relative exposure risks associated with different primary production categories (e.g., oil, wet gas, dry gas) and developmental stages of wells. https://doi.org/10.1289/EHP1535.

  12. 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)

  13. 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.

  14. 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.

  15. Middle East oil and gas

    International Nuclear Information System (INIS)

    1995-01-01

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

  16. China Oil and Gas Market Assessment

    International Nuclear Information System (INIS)

    Qiu, Yu

    2004-08-01

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

  17. From ‘Amaleh (Labor) to Kargar (Worker): Recruitment, Work Discipline and Making of the Working Class in the Persian/Iranian Oil Industry

    NARCIS (Netherlands)

    Atabaki, T.

    2013-01-01

    The extraction of oil in 1908 and the ensuing construction of an oil refinery, shipping docks and company towns in southwest Persia/Iran opened a new chapter in the nation's labor history. Enjoying absolute monopoly over the extraction, production and marketing of the oil, the Anglo-Persian/Iranian

  18. 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

  19. MERGER ACCOUTING FOR COMPANIES

    Directory of Open Access Journals (Sweden)

    SUCIU GHEORGHE

    2014-05-01

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

  20. Oil and development

    Energy Technology Data Exchange (ETDEWEB)

    Ellis, F

    1974-10-01

    The shift in world income due to the increase in oil prices has resulted in a world economy that has been thrown off balance. Nine papers are presented that explore the background and the main implications of this ''watershed'' in international relations, particularly the extent to which it will affect the development prospects of poor countries and the climate of trade between poor and rich nations in the next few years. Two papers, ''Diary of Events in the Oil Market 1971--1974'' and ''Statistical Background,'' provide information on the financial changes implied by the price increase; some of the figures should be treated as preliminary estimates only. ''Large International Firms in the Oil Industry'' examines the part played by the major oil companies in developments in the oil market leading up to the events of 1973. Two papers, ''Can OPEC Maintain Current Prices'' and ''OPEC As a Model for Other Mineral Exporters,'' present optimistic conclusions, from the viewpoint of developing countries, on their future capability for controlling their own destinies in trade. ''A Note on Some Issues Raised for Science and Technology Policy by the Increase in Oil Prices'' looks at options open to producers and consumers of raw materials. ''Assessing the Economic Impact on Developing Countries and Some Policy Suggestions,'' ''A Note on the Implications of the Oil Price Increases for British Aid Policy,'' and ''Confrontation Versus Co-operation'' are three papers concerned with difficulties of developing countries and particularly India, Bangladesh, and Sri Lanka. (MCW)

  1. FINANCIAL STUDY OF AN INVESTMENT PROJECT IN ALGERIA: CREATION OF A COMPANY WITHIN THE FRAMEWORK OF THE NATIONAL FUNDSUPPORT FOR YOUTH EMPLOYMENT (FNSEJ)

    OpenAIRE

    Dr Lyes OUABDESSELAM

    2017-01-01

    This article proposes a financial study of a project to create a commercial enterprise through the scheme proposed by the National Agency for Youth Employment Support (ANSEJ). The company is a testing and analysis laboratory. In this study we have prepared a complete financial package and we have budgeted this project over the entire amortization period of the investment credit in accordance with the timetable set by the support system for young entrepreneurs to set up a business in Algeria. ...

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

    Energy Technology Data Exchange (ETDEWEB)

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

    1998-07-01

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

  3. A GIS based national assessment of algal bio-oil production potential through flue gas and wastewater co-utilization

    International Nuclear Information System (INIS)

    Orfield, Nolan D.; Keoleian, Gregory A.; Love, Nancy G.

    2014-01-01

    The high theoretical productivity of microalgae makes it a promising energy crop, but economically viable large-scale production facilities have yet to emerge. Coupling algae cultivation ponds with flue gas emissions from power utilities to provide carbon dioxide and municipal wastewater to provide nutrients has been recommended as a solution. This flue gas and wastewater co-utilization (FWC) strategy not only reduces the upstream impacts and costs associated with providing inputs, but also provides a credit for wastewater treatment, a service currently required to reduce production costs to a viable level. This study provides the first national assessment of the potential for producing algal bio-oil in the United States using FWC. Spatial-temporal algae growth was simulated using solar radiation and temperature data to calculate the average annual algae yield for any location, which significantly impacts feasibility. The results of this model were integrated into a geospatial analysis which establishes the economically viable bio-oil production potential of FWC by accounting for the relative abundance of the input resources and their proximity. At most, 1.7 billion liters of bio-oil could be produced annually in a manner economically competitive with crude oil prices of $80 per barrel. The amount of nutrients in wastewater limits yields to 20.5 L of bio-oil per capita annually, and climatic constraints further reduce this potential by nearly 60%. Carbon dioxide constraints play a negligible role. Although the bio-oil production potential of FWC is relatively small, it does provide an opportunity to increase national biofuel output while providing a needed service. - Highlights: • Spatial-temporal algae growth was simulated using historical climate data. • A geospatial overlay analysis was used to assess national production potential. • Nutrient availability in wastewater is most limiting. • At most, 1.7 billion liters of algal biofuel per year could be

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

    Directory of Open Access Journals (Sweden)

    Jianjun Chen

    2016-05-01

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

  5. 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

  6. 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)

  7. Are drug companies living up to their human rights responsibilities? The perspective of the former United Nations Special Rapporteur (2002-2008.

    Directory of Open Access Journals (Sweden)

    Paul Hunt

    2010-09-01

    Full Text Available BACKGROUND TO THE DEBATE: The human rights responsibilities of drug companies have been considered for years by nongovernmental organizations, but were most sharply defined in a report by the UN Special Rapporteur on the right to health, submitted to the United Nations General Assembly in August 2008. The "Human Rights Guidelines for Pharmaceutical Companies in relation to Access to Medicines" include responsibilities for transparency, management, monitoring and accountability, pricing, and ethical marketing, and against lobbying for more protection in intellectual property laws, applying for patents for trivial modifications of existing medicines, inappropriate drug promotion, and excessive pricing. Two years after the release of the Guidelines, the PLoS Medicine Debate asks whether drug companies are living up to their human rights responsibilities. Sofia Gruskin and Zyde Raad from the Harvard School of Public Health say more assessment is needed of such responsibilities; Geralyn Ritter, Vice President of Global Public Policy and Corporate Responsibility at Merck & Co. argues that multiple stakeholders could do more to help States deliver the right to health; and Paul Hunt and Rajat Khosla introduce Mr. Hunt's work as the UN Special Rapporteur on the right to the highest attainable standard of health, regarding the human rights responsibilities of pharmaceutical companies and access to medicines.

  8. Are drug companies living up to their human rights responsibilities? The perspective of the former United Nations Special Rapporteur (2002-2008).

    Science.gov (United States)

    Hunt, Paul; Khosla, Rajat

    2010-09-28

    The human rights responsibilities of drug companies have been considered for years by nongovernmental organizations, but were most sharply defined in a report by the UN Special Rapporteur on the right to health, submitted to the United Nations General Assembly in August 2008. The "Human Rights Guidelines for Pharmaceutical Companies in relation to Access to Medicines" include responsibilities for transparency, management, monitoring and accountability, pricing, and ethical marketing, and against lobbying for more protection in intellectual property laws, applying for patents for trivial modifications of existing medicines, inappropriate drug promotion, and excessive pricing. Two years after the release of the Guidelines, the PLoS Medicine Debate asks whether drug companies are living up to their human rights responsibilities. Sofia Gruskin and Zyde Raad from the Harvard School of Public Health say more assessment is needed of such responsibilities; Geralyn Ritter, Vice President of Global Public Policy and Corporate Responsibility at Merck & Co. argues that multiple stakeholders could do more to help States deliver the right to health; and Paul Hunt and Rajat Khosla introduce Mr. Hunt's work as the UN Special Rapporteur on the right to the highest attainable standard of health, regarding the human rights responsibilities of pharmaceutical companies and access to medicines.

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

    International Nuclear Information System (INIS)

    Zamith, R.; Moutinho Dos Santos, E.

    2000-01-01

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

  10. 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

  11. Public Shareholdership Energy Companies

    International Nuclear Information System (INIS)

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

    2008-06-01

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

  12. CSR-ISSUES IN THE VALUE CHAINS OF MULTI NATIONAL COMPANIES (MNCS – CHALLENGES AND BEST PRACTISE

    Directory of Open Access Journals (Sweden)

    BARTŁOMIEJ OKWIET

    2012-12-01

    Full Text Available The following article presents the historical basis of Corporate Social Responsibility and the most common definitions of it. Another part of the article presents the fuel company and the bank with the description of its main activities in the area of CSR.

  13. Oil refining expansion criteria for Brazil

    International Nuclear Information System (INIS)

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

    2006-01-01

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

  14. Oil refining expansion criteria for Brazil

    International Nuclear Information System (INIS)

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

    2006-01-01

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

  15. 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)

  16. 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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2000-07-01

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

  18. 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.

  19. Measurement of atmospheric pollutants associated with oil and natural gas exploration and production activity in Pennsylvania's Allegheny National Forest.

    Science.gov (United States)

    Pekney, Natalie J; Veloski, Garret; Reeder, Matthew; Tamilia, Joseph; Rupp, Erik; Wetzel, Alan

    2014-09-01

    Oil and natural gas exploration and production (E&P) activities generate emissions from diesel engines, compressor stations, condensate tanks, leaks and venting of natural gas, construction of well pads, and well access roads that can negatively impact air quality on both local and regional scales. A mobile, autonomous air quality monitoring laboratory was constructed to collect measurements of ambient concentrations of pollutants associated with oil and natural gas E&P activities. This air-monitoring laboratory was deployed to the Allegheny National Forest (ANF) in northwestern Pennsylvania for a campaign that resulted in the collection of approximately 7 months of data split between three monitoring locations between July 2010 and June 2011. The three monitoring locations were the Kane Experimental Forest (KEF) area in Elk County, which is downwind of the Sackett oilfield; the Bradford Ranger Station (BRS) in McKean County, which is downwind of a large area of historic oil and gas productivity; and the U.S. Forest Service Hearts Content campground (HC) in Warren County, which is in an area relatively unimpacted by oil and gas development and which therefore yielded background pollutant concentrations in the ANF. Concentrations of criteria pollutants ozone and NO2 did not vary significantly from site to site; averages were below National Ambient Air Quality Standards. Concentrations of volatile organic compounds (VOCs) associated with oil and natural gas (ethane, propane, butane, pentane) were highly correlated. Applying the conditional probability function (CPF) to the ethane data yielded most probable directions of the sources that were coincident with known location of existing wells and activity. Differences between the two impacted and one background site were difficult to discern, suggesting the that the monitoring laboratory was a great enough distance downwind of active areas to allow for sufficient dispersion with background air such that the localized

  20. Attitudes of medical students towards incentives offered by pharmaceutical companies -- perspective from a developing nation -- a cross-sectional study.

    Science.gov (United States)

    Siddiqui, Usman Tariq; Shakoor, Amarah; Kiani, Sarah; Ali, Farwa; Sharif, Maryam; Kumar, Arun; Raza, Qasim; Khan, Naseer; Alamzaib, Sardar Mohammed; Farid-ul-Husnain, Syed

    2014-05-05

    A training physician has his first interaction with a pharmaceutical representative during medical school. Medical students are often provided with small gifts such as pens, calendars and books, as well as free lunches as part of drug promotion offers. Ethical impact of these transactions as perceived by young medical students has not been investigated in Pakistan before. This study aimed to assess the association of socio-demographic variables with the attitudes of medical students towards pharmaceutical companies and their incentives. As part of a cross-sectional survey, a validated questionnaire previously used for assessing attitude of medical students towards pharmaceutical industry, was modified, pre-tested and distributed among consenting clinical year students at DUHS and AKU. Questions included acceptability of pharmaceutically sponsored gifts, events and tuition fee, and their impact on future prescription. Responses were graded as agree, disagree or neutral which were then scored according to the AMSA guidelines of ethical conduct. Out of a total of 353 targeted students 303 responded, corresponding to a response rate of 85.8%. Responses indicated that 42.7% students believed in no interaction with drug companies during medical school. However, 81% of students favored pharmaceutical sponsorship of student-body events/seminars at medical colleges. More than one-third of the students were comfortable receiving gifts from drug companies. Overall, the results of this study offer an interesting comparison between the students of a private medical school (AKU) and a public medical school (DUHS); AKU students exhibited a greater degree of mistrust towards drug information provided by pharmaceutical companies compared to DUHS students (p = 0.040). Furthermore, when asked if there was a need to incorporate guidelines in the undergraduate curriculum with regard to interaction with drug companies, 84.2% students at AKU agreed, compared to 54.9% at DUHS. Medical

  1. Attitudes of medical students towards incentives offered by pharmaceutical companies- perspective from a developing nation- a cross sectional study

    Science.gov (United States)

    2014-01-01

    Background A training physician has his first interaction with a pharmaceutical representative during medical school. Medical students are often provided with small gifts such as pens, calendars and books, as well as free lunches as part of drug promotion offers. Ethical impact of these transactions as perceived by young medical students has not been investigated in Pakistan before. This study aimed to assess the association of socio-demographic variables with the attitudes of medical students towards pharmaceutical companies and their incentives. Methods As part of a cross-sectional survey, a validated questionnaire previously used for assessing attitude of medical students towards pharmaceutical industry, was modified, pre-tested and distributed among consenting clinical year students at DUHS and AKU. Questions included acceptability of pharmaceutically sponsored gifts, events and tuition fee, and their impact on future prescription. Responses were graded as agree, disagree or neutral which were then scored according to the AMSA guidelines of ethical conduct. Results Out of a total of 353 targeted students 303 responded, corresponding to a response rate of 85.8%. Responses indicated that 42.7% students believed in no interaction with drug companies during medical school. However, 81% of students favored pharmaceutical sponsorship of student-body events/seminars at medical colleges. More than one-third of the students were comfortable receiving gifts from drug companies. Overall, the results of this study offer an interesting comparison between the students of a private medical school (AKU) and a public medical school (DUHS); AKU students exhibited a greater degree of mistrust towards drug information provided by pharmaceutical companies compared to DUHS students (p = 0.040). Furthermore, when asked if there was a need to incorporate guidelines in the undergraduate curriculum with regard to interaction with drug companies, 84.2% students at AKU agreed

  2. Stakeholder relations in the oil sands : managing uncertainty

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-05-15

    Alberta's oil sands are now at the crossroads of a series of significant and complex global issues that will require careful negotiation by all stakeholders involved in the oil sands industry. This paper discussed methods of managing uncertainty and risk related to the oil sands industry's agenda for the future. Oil sands developers must continue to secure permission from communities and other key stakeholders in order to develop oil sand projects. Stakeholder relations between oil sands operators, First Nations, and Metis Nation communities must ensure that respect is maintained while environmental impacts are minimized and long-term economic benefits are secured for all parties. Environmental non-governmental organizations (ENGOs) must ensure that oil sands resources are developed responsibly, and that environmental standards are maintained. Seven key shifts in stakeholder relations resulting from the recent economic crisis were identified. These included (1) withdrawal from the multi-stakeholder process, (2) increased focus on government to demonstrate policy leadership, (3) a stronger push from ENGOs to express environmental concerns, (4) global lobby and public relations efforts from ENGOs, (5) companies retreating to local community stakeholders, (6) more active demands from First Nations and Metis Nations groups, and (7) companies challenging ENGO campaigns. The study concluded by suggesting that government leadership is needed to clear policy and regulatory frameworks for Canada's oil sands.

  3. GAOCMAO and its oil spill response activities in the Gulf

    International Nuclear Information System (INIS)

    Al-Sada, M.S.

    1994-01-01

    Gulf Area Oil Companies Mutual Aid Organisation (GAOCMAO), has taken active steps in cooperation with its member companies, national and regional environmental organisation (ROPME) in an attempt to protect the Gulf from various sources of pollution. Specific attention was given to oil pollution response in terms of stockpiling of adequate equipment, training of personal and coordination through the application of pre-prepared contingency plans. All these activities tell us that a lot has been done to protect the Gulf environment from pollution. GAOCMAO, after many years of successful development looks to the future with confidence and renewed vigor. It is the intention of this organisation to enhance its member companies capabilities to respond to major incidents and to work closely with the national governmental, regional and international environmental organisations throughout the world, in fields appropriate to the Gulf oil industry. (author)

  4. Merger and acquisition in the international oil industry

    Energy Technology Data Exchange (ETDEWEB)

    Imai, Yoshiichi

    1988-07-01

    Outlines are given of the background and evaluation of recent giant mergers and acquisitions in the international oil industry and of future trends of them. The petroleum exporting countries or OPEC nationalized oil resourses in the first half of 1970's and acquired the crude oil deposits that had been controlled by the seven majors. The percentage of the seven majors' crude oil deposits in the free world was about 70% in 1968, but decreased sharply down to about 6% in 1978 to 1979, when the world experienced the second oil crisis. The decrease of Texaco, COCAL, and Mobil was remarkable. That was the background of these three companies' giant acquisitions in 1984. For the oil companies suffering from decrease of oil deposits, the inexpensive and dependable way to secure deposits was to take over developed reserves of other companies. Although there are the pros and cons in the evaluation of the merger and acquisition, these trends continues, including the oil exporting countries, and are very likely to move to the international reconstraction of the oil industry. (10 tabs)

  5. Effect of crude oil and refined petroleum product imports on the national security. Critical technologies

    International Nuclear Information System (INIS)

    1989-01-01

    The report contains the results of an investigation requested under Section 232 of the Trade Expansion Act to study the effect of oil imports on the domestic petroleum industry and on United States energy security. It reviews previous energy security assessments and resulting initiatives, assesses current US energy security, and studies emergency petroleum requirements. The report finds that there have been substantial improvements in US energy security since the last Section 232 Petroleum finding in 1979. However, declining domestic oil production, rising oil imports, and growing dependence on potentially insecure sources of supply raise concerns of vulnerability to a major supply disruption

  6. Structuring oil and gas ventures with Aboriginal communities

    International Nuclear Information System (INIS)

    Schultz, T.G.

    1999-01-01

    Pimee Well Servicing Ltd., a 100% Aboriginal owned company that provides safe, competitive and high quality services to the oil and gas industry, is described. Working safely at Pimee is the company's number one priority. The chiefs of each shareholder First Nation make up the board of directors. The company has learned that it is extremely important for a company's management to posses a great amount of knowledge of the business at hand, that they had to be very patient when starting up a new company, and that signed contracts are a necessity. The size of the company tripled in the past four years, and the company can provide guidance through the implementation of business and operating practices and safety and training programs

  7. Guide to oil spill exercise planning

    International Nuclear Information System (INIS)

    1996-01-01

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

  8. 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)

  9. Algeria, an oil state in danger

    International Nuclear Information System (INIS)

    Auge, Benjamin

    2015-06-01

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

  10. Oil pipeline energy consumption and efficiency

    Energy Technology Data Exchange (ETDEWEB)

    Hooker, J.N.

    1981-01-01

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

  11. 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

  12. A Crude Reality; Exploring the Interdependencies of Energy (Oil), the Macro-Economy, and National Security

    Science.gov (United States)

    2012-04-11

    Policy (SWEEP) optimizing our own natural resources in the near term (oil, natural gas, coal, nuclear, wind, solar, hydro, geothermal and synthetics... geothermal and synthetics), and displaces the oil based economy with a long term energy transformation plan based on renewable energy, is vital to...climb and supply begins to diminish. Global energy demands will continue to rise as the developing economies of countries like Brazil, Russia, China

  13. 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

  14. The role of First Nations in oil and gas development under federal regulatory regimes: Options for change and lessons from New Zealand

    Energy Technology Data Exchange (ETDEWEB)

    Davis, T. R. [Borden, Ladner, Gervais, LLP., Ottawa, ON (Canada)

    2001-07-01

    This thesis was prepared at the University of Ottawa in partial fulfillment of the requirements for the degree of Master of Laws (LL.M.). It is included here in its entirety. It outlines the role played by First Nations under federal oil and gas regulatory regimes and makes recommendations designed to enable First Nations groups to participate in oil and gas development. A persuasive argument is made on legal and policy grounds for an active role for First Nations in oil and gas development within their traditional territories. This position is supported by a comprehensive analysis of three federal oil and gas regimes -- the Northern, Offshore and Indian Reserve regimes -- their legislative frameworks and recent developments in aboriginal jurisprudence and policy. Further support for the recommendations is adduced by comparing the Canadian situation with relevant contemporary resource management issues in New Zealand. The author recommends the immediate creation of a Consultation Model for a range of consultation processes that vary depending upon the nature of the issue. Over the longer term, development of First Nation Models is recommended. These models should be adjustable by careful monitoring of the successes and failures of First Nation oil and gas management regimes under Comprehensive Land Claim Agreements. It is suggested that internal capacity issues with respect to infrastructure and expertise must be addressed before First Nation groups can establish economically viable oil and gas models. [320 refs.].

  15. National extra heavy crude oil upgrade; Melhoramento de petroleos extra pesados nacionais no ambiente de producao

    Energy Technology Data Exchange (ETDEWEB)

    Medina, Lilian Camen; Zilio, Evaldo L.; Guimarae, Regina C.; Tosta, Luiz C. [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil). Centro de Pesquisas; Barros, Ricardo S. de [Fundacao Universitaria Jose Bonifacio (FUJB), Rio de Janeiro, RJ (Brazil); Leite, Luiz Fernando T. [PETROBRAS S.A., Vitoria, ES (Brazil). Unidade de Negocios-ES

    2008-07-01

    Brazilian petroleums are becoming increasingly heavy, reaching values of up to 7 deg API, which classifies them as extra heavy. They are also very viscous, sometimes presenting values as 10184 mm{sup 2}/s to 50 deg C. These two factors affect production operations like lifting, flow assurance and primary processing, with implications on transporting and refining. Trading these kinds of oils is also difficult; once there are not many refineries in the world able to process them. Due to these facts and also to the lower yield on premium products, the international market value is lower than the reference oil, for example, oil 'Brent'. Studies indicate that in some heavy oils fields the process of well lifting and also the flow in pipelines is almost impracticable in a first analysis, mainly offshore field, impacting both technically and economically the development of the production of a new field. Therefore it becomes necessary implement efforts to develop alternatives to increase oil's API density and at the same time reduce the viscosity of extra heavy oil inside the well, i.e. through a process of upgrading assuring its flow and consequently their production, primary processing and refining, increasing, the value of marketing. (author)

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

    Science.gov (United States)

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

    2018-04-01

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

  17. 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)

  18. Multilingualism in Companies: An Introduction

    Science.gov (United States)

    Sherman, Tamah; Strubell, Miquel

    2013-01-01

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

  19. A First Nations-led social innovation: a moose, a gold mining company, and a policy window

    Directory of Open Access Journals (Sweden)

    Daniel D. P. McCarthy

    2014-12-01

    combined with several other factors, including: (1 the high price of gold; (2 a mining company seeking to demonstrate corporate social responsibility to repair its international reputation with indigenous peoples by supporting an innovative, local Indigenous-led initiative; and (3 a new policy context, including Supreme Court of Canada decisions and provisions in the updated Ontario Mining Act, that require meaningful consultation with indigenous peoples has led to the emergence of a indigenous peoples-led collaborative, social innovation. This policy window allowed for the formation of an unprecedented council of indigenous knowledge holders (elders and traditional practitioners to help inform mine restoration and practice as well as to foster the resurgence of traditional language and culture in local indigenous communities. Here, we document this unprecedented social change opportunity.

  20. Procurement activities required by the nuclear program developed by nuclearelectrica national company- technical issues versus public acquisitions legal issues

    International Nuclear Information System (INIS)

    Vatamanu, Mariana

    2007-01-01

    Public procurement is one of the areas of the single market where the results of the liberalization drive have not yet measured up to expectations. This communication presents some technical issues versus public acquisition legal issues and suggests ways and means of improving contract award procedures. Procurement area includes the acquisition of goods, services and works, thus assumption not only for purchasing equipment, components, spare-parts or materials, but also hiring of the contractors or consultants to carry out services and works. Procurement is related to the function of management of supply, which encompasses aside range of planning function, coding and classification, stockholding policies, store-keeping, stores accounting, etc. but it is also related to the hiring of contractors or consultants for work or services. As an answer to the challenge of the increasing market globalization it has been developed the ISO quality system, within 9000 family of standards. The very intensive competition for all market clients, either locally or globally, encouraged development of a new concept of quality management systems. Due to its specificity of activity and with respect to the rules and legislation requirements imposed either by the internal Romanian Laws and Regulations or/and by international market rules and constrains, the development, construction and operation of a Nuclear Power Plant shall be performed in a controlled condition and based on specific authorizations obtained by the Owner of the NPP from the Romanian Regulatory Authorities. The experience, accumulated by over 10 years of operation of Cernavoda NPP Unit 1 by our company, demonstrates the high importance of the Quality Management System that imposes the quality of the components installed on the plant, the services and the works developed to assure a safety operation of the nuclear unit, with a strongly dependence by the procurement system established for purchasing of goods, services and

  1. [Remedy for shortage or risk for national security? The search for oil in Switzerland].

    Science.gov (United States)

    Haller, Lea; Gisler, Monika

    2014-03-01

    Over several decades, geologists, entrepreneurs, politicians, and public authorities dealt with a potential petroleum occurrence in Switzerland. They provided scientific expertise, granted concessions, invested capital and sank bore holes. Although the endeavour was never successful economically, it reveals how closely related geopolitical situations and the exploitation of natural resources were. This article investigates the search for crude oil in Switzerland from the 1930s until the 1960s, combining a history of science and technology perspective with a history of the political regulations and economic considerations concerning the extractive industry. It traces the changing fears and hopes about potential oil occurrences in Switzerland: From an investment to overcome future shortages, to the risk of imperial desires if oil would be found in abundance.

  2. Offshore oil: Correctness of perspective

    International Nuclear Information System (INIS)

    Burns, R.F.

    1993-01-01

    Except for the Gulf of Mexico, the offshore oil industry has been virtually banned from the US Exclusive Economic Zone for ten years. The oil potential in Alaska's Arctic National Wildlife Refuge (ANWR) is also off limits. The Gulf of Mexico is the only place with prospects for future success and a number of companies both large and small are determined to move forward. The depressed price of oil does not encourage development but recently gas prices in the US have increased, making offshore gas development more feasible. Perhaps most significant is development and application of new technology and more intense management to make sure it works. The offshore oil companies and support industries have made significant technological advances, expending over and above the dollars paid in taxes, lease fees, and royalties. The ocean industries harbor a great reservoir of high technology knowledge. They have demonstrated the ability to successfully meet a vast array of challenges in exploring for, drilling, and producing oil and gas in extreme conditions. These facts beg the question as to the rational basis of each and every regulation and the ban on drilling

  3. 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.

  4. Occupational exposure to chrome VI compounds in French companies: results of a national campaign to measure exposure (2010-2013).

    Science.gov (United States)

    Vincent, Raymond; Gillet, Martine; Goutet, Pierre; Guichard, Christine; Hédouin-Langlet, Catherine; Frocaut, Anne Marie; Lambert, Pierre; Leray, Fabrice; Mardelle, Patricia; Dorotte, Michel; Rousset, Davy

    2015-01-01

    A campaign to measure exposure to hexavalent chromium compounds was carried out in France by the seven CARSAT chemistry laboratories, CRAMIF laboratory, and INRS over the 2010-2013 period. The survey included 99 companies involved in various activity sectors. The inhalable fraction of airborne particles was sampled, and exposure levels were determined using ion chromatography analysis combined with post-column derivatization and UV detection. The quality of the measurement results was guaranteed by an inter-laboratory comparison system involving all the laboratories participating in this study. Exposure levels frequently exceeded the French occupational exposure limit value (OELV) of 1 µg m(-3), in activities such as thermal metallization and manufacturing and application of paint in the aeronautics sector. The results also reveal a general trend for a greater proportion of soluble Chromium VI (Cr VI) compounds compared with insoluble compounds. Qualitative and quantitative information relating to the presence of other metallic compounds in the air of workplaces is also provided, for example for Cr III, Ni, Fe, etc. The sampling strategy used and the measurement method are easy to implement, making it possible to check occupational exposure with a view to comparing it to an 8 h-OELV of 1 µg m(-3). © The Author 2014. Published by Oxford University Press on behalf of the British Occupational Hygiene Society.

  5. Planning national oil consumption: applying the 'soft landing' guideline of energy consumption structure

    Energy Technology Data Exchange (ETDEWEB)

    Zhang, Yinghong; Wang, Daofu; Li, Chencheng; Su, Jin

    2010-09-15

    The world energy is enough, but the world supply and demand of oil has reached the tight balance. So, as more and more emerging economic entities and export states plan respective energy consumption or production sporadically, the conflict between nationalism and globalization will challenge to the long term energy stability. The solution will be substituting and utilizing energy in proper order. For this purpose, 'world energy ecological environment' and 'yielding point in energy competition' should be used. Specifically, by the order, China's natural gas industry should be utilized and accelerated to ensure the stable economic development of China.

  6. Offshore: nations needing our help to exploit oil and gas. [British offshore supply industry

    Energy Technology Data Exchange (ETDEWEB)

    Laird, R

    1978-02-23

    The opportunities around the world for Great Britian to sell companies its expertise on petroleum and natural gas drilling are surveyed. Hydrocarbon reserves; development plans, especially offshore drilling plans; needed equipment and technology; and investment requirements are a few of the factors discussed for Venezuela, Brazil, Mexico, India, Australia, Thailand, Malaysia, Indonesia, and Singapore. (MCW)

  7. 75 FR 37783 - National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling

    Science.gov (United States)

    2010-06-30

    ... Drilling AGENCY: Department of Energy, Office of Fossil Energy. ACTION: Notice of open meeting. SUMMARY... and Offshore Drilling (the Commission). The Commission was organized pursuant to the Federal Advisory..., any oil spills associated with offshore drilling in the future. The Commission is composed of seven...

  8. 75 FR 56526 - National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling

    Science.gov (United States)

    2010-09-16

    ... Drilling AGENCY: Department of Energy, Office of Fossil Energy. ACTION: Notice of open meeting. SUMMARY... and Offshore Drilling (the Commission). The Commission was organized pursuant to the Federal Advisory..., any oil spills associated with offshore drilling in the future. The Commission is composed of seven...

  9. 75 FR 60097 - National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling

    Science.gov (United States)

    2010-09-29

    ... Drilling AGENCY: Department of Energy, Office of Fossil Energy. ACTION: Notice of open meeting. SUMMARY... and Offshore Drilling (the Commission). The Commission was organized pursuant to the Federal Advisory..., and mitigate the impact of, any oil spills associated with offshore drilling in the future. The...

  10. 75 FR 69652 - National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling

    Science.gov (United States)

    2010-11-15

    ... Drilling AGENCY: Department of Energy, Office of Fossil Energy. ACTION: Notice of open meeting. SUMMARY... and Offshore Drilling (the Commission). The Commission was organized pursuant to the Federal Advisory..., and mitigate the impact of, any oil spills associated with offshore drilling in the future. The...

  11. 75 FR 65309 - National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling

    Science.gov (United States)

    2010-10-22

    ... Drilling AGENCY: Department of Energy, Office of Fossil Energy. ACTION: Notice of open meeting. SUMMARY... and Offshore Drilling (the Commission). The Commission was organized pursuant to the Federal Advisory... to guard against, and mitigate the impact of, any oil spills associated with offshore drilling in the...

  12. 76 FR 2881 - Fishlake National Forest; Utah; Oil and Gas Leasing EIS

    Science.gov (United States)

    2011-01-18

    ... leasing, and to determine what lease stipulations would apply to those lands. The proposal also includes amending the FNF Land and Resource Management Plan (LRMP) to update management direction for minerals management, specifically oil and gas. The scope of the analysis is forest-wide. A Notice of Intent (NOI) was...

  13. The oil and gas resource potential of the Arctic National Wildlife Refuge 1002 area, Alaska

    Science.gov (United States)

    ,

    1999-01-01

    In anticipation of the need for scientific support for policy decisions and in light of the decade-old perspective of a previous assessment, the USGS has completed a reassessment of the petroleum potential of the ANWR 1002 area. This was a comprehensive study by a team of USGS scientists in collaboration on technical issues (but not the assessment) with colleagues in other agencies and universities. The study incorporated all available public data and included new field and analytic work as well as the reevaluation of all previous work.Using a methodology similar to that used in previous USGS assessments in the ANWR and the NPRA, this study estimates that the total quantity of technically recoverable oil in the 1002 area is 7.7 BBO (mean value), which is distributed among 10 plays. Using a conservative estimate of 512 million barrels as a minimum commercially developable field size, then about 2.6 BBO of oil distributed in about three fields is expected to be economically recoverable in the undeformed part of the 1002 area. Using a similar estimated minimum field size, which may not be conservative considering the increased distance from infrastructure, the deformed area would be expected to have about 600 MMBO in one field.The amounts of in-place oil estimated for the 1002 area are larger than previous USGS estimates. The increase results in large part from improved resolution of reprocessed seismic data and geologic analogs provided by recent nearby oil discoveries.

  14. Bioremediation of oil spills

    International Nuclear Information System (INIS)

    Webb, M.

    1992-01-01

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

  15. The Russian oil

    International Nuclear Information System (INIS)

    Rucker, Laurent

    2003-01-01

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

  16. An empirical investigation on the effects of organizational and individual factors creating conflicts on employee performance: A case study of logistics management of national Iranian drilling company

    Directory of Open Access Journals (Sweden)

    Naser Deris Soltanpour

    2014-01-01

    Full Text Available This paper presents a survey on the effects of organizational and individual factors causing conflict on employee performance of national Iranian drilling company's logistics management. It has been of descriptive type and carried out by using the random sampling method. The statistical population included all the employees of logistics management. Invariable t-test was used in this research for data analysis. The results showed that the average factors such as education, age, personal ethics, scarcity of resources, work dependence, organizational structure and organizational culture were significantly higher than the average value (3 and the average factors such as personality, evaluation structure and reward were significantly lower than the average value (3. According to the results of this survey, feeling dependence was number one priority for creating conflict followed by personal ethics, education, resources, organizational culture, age, organizational structure, evaluation and individual personality was the last item.

  17. 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

  18. Meeting report:Iraq oil ministry needs assessment workshop.3-5 Septemner 2006

    Energy Technology Data Exchange (ETDEWEB)

    Littlefield, Adriane C.; Pregenzer, Arian Leigh

    2006-11-01

    Representatives from the U.S. Department of Energy, the National Nuclear Security Administration, and Sandia National Laboratories met with mid-level representatives from Iraq's oil and gas companies and with former employees and senior managers of Iraq's Ministry of Oil September 3-5 in Amman, Jordan. The goals of the workshop were to assess the needs of the Iraqi Oil Ministry and industry, to provide information about capabilities at DOE and the national laboratories relevant to Iraq, and to develop ideas for potential projects.

  19. Alternate Energy Report, Koleda Childress and Company

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1990-01-01

    This is a NEDO (New Energy and Industrial Technology Development Organization) report of January 1990, based on a Koleda Childress and Company of EPA report. Comments are made on the development status of fossil and synthetic fuels in the U.S. In the Department of Energy budget, emphasis is placed on environments, science, and national security, and the budget for fiscal 1991 is 17.5 times 1 billion dollars which is 6% higher than the ordinary level. In Round 3 of the Clean Coal Technology Program, the Department of Energy has selected 13 programs for negotiations. NEDO has completed its national energy strategy draft. What attracts attention is the synthetic fuel as an alternative fuel. It is expected that coal, oil shale, and tar sand will be the raw materials. Combined cycle power generation is recommended for coal gasification. As for indirect coal liquefaction, technology of conversion to syngas will be accelerated. In the future, the direct coal liquefaction product will compete with oil in terms of cost. Oil shale retorting and tar sand processing are taken up. Recent global warming measures and energy forecast into 2010 are shown. (NEDO)

  20. Proceedings of the heavy oil Latin America congress 2011

    International Nuclear Information System (INIS)

    2011-01-01

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

  1. The European Model Company Act

    DEFF Research Database (Denmark)

    Cleff, Evelyne Beatrix

    2011-01-01

    European Company Law regulation is currently undergoing a reform. These reforms raise a number of regulatory questions, such as what should be the aims of companies' legislation, and how these aims should best be met by regulation. Many of the reforms and discussions (both on EU and national level...... an increasing influence on the framing of company legislation, such as the choice between mandatory or default rules. This article introduces the project 'European Company Law and the choice of Regulatory Method' which is carried out in collaboration with the 'European Model Company Act Group'. The project aims...

  2. Company environmental communication

    International Nuclear Information System (INIS)

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

    2001-01-01

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

  3. 78 FR 19444 - Pawnee National Grassland, Colorado; Oil and Gas Leasing Analysis Environmental Impact Statement

    Science.gov (United States)

    2013-04-01

    ... Leasing Analysis on the Pawnee National Grassland (PNG), was signed. That decision determined which Lands... National Grassland. Much of the PNG's federal mineral estate made available per the 1997 ROD has already... [36 CFR 228.102(e)]. Accordingly, the PNG finds it is necessary to disclose the potential effects of...

  4. Breaking the Nation’s Oil Addiction: Is Ethanol the Cure?

    Science.gov (United States)

    2006-09-29

    for ethanol. By 2004, 17 states either banned or greatly restricted the use of MTBE.’ 14 Currently 20 states ban MTBE use.’ 5 Each state cites MTBE’s...Act", strive to ensure sufficient access to said pumps.158 Sen. Dayton asserts the bill is needed to combat big oil efforts to stifle its franchisee ...Senate Bill 2778, "Ethanol Fuel Supply Act of 2006") echoes H.R. 5261 effort to relieve tax restrictions placed on foreign ethanol. 20 5 Both bills are

  5. The oil distribution file

    International Nuclear Information System (INIS)

    2009-01-01

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

  6. 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...

  7. Rape of a Nation: An Eco-critical Reading of Helon Habila’s Oil on Water

    Directory of Open Access Journals (Sweden)

    Solomon Adedokun Edebor

    2017-09-01

    Full Text Available A number of literary and linguistic researches have been carried out on post-independent Nigerian quagmire. The concerns of some of these studies range from investigating many of the topical issues that have come to define the country, particularly with regard to the issues of bad governance and socio-economic oppression, to the roles played by the masses in aggravating the nation’s predicaments. However, not many critics and scholars have paid the deserved attention to the ecological concerns of Nigerian novelists. This paper, therefore, examines Helon Habila’s Oil on Water as a testament to the environmental mindfulness of Nigerian novelists. The choice of Oil on Water is informed by the fact that there is a dearth of serious scholarly research on the novel. Using the sociological approach and adopting a content analysis method, this study finds out that Habila is not oblivious of the ecological implications of man’s exploitative tendencies on earth’s resources as he makes bare the grim effects of Man’s reckless actions on the environment, the society and other living things, thereby rousing the consciousness of his readers as a way of forcing them to contribute their quota towards making the earth a safe place to live in, free from further gratuitous exploitations by a few to the disadvantage of many. It is, nevertheless, found out that the author fails to suggest pragmatic solutions to the staggering challenges confronting the oil-polluted and violence-ridden nation of Niger Delta.

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2012-07-01

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

  9. 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.

  10. Monitoring the impact of the Gordon C. Leitch oil spill on the breeding bird populations of the Mingan Archipelago National Park Reserve, (QC) Canada

    International Nuclear Information System (INIS)

    Roberge, B.; Chapdelaine, G.

    2000-01-01

    Results of a monitoring study of the impact of a 1999 oil spill on the breeding bird population in the Mingan Archipelago National Park Reserve in the Gulf of St. Lawrence, Quebec, are discussed. The common eider, the black guillemot and the bald eagle were the three species studied by observing and comparing the status of these bird populations on islands located inside and outside of the contaminated area. Data from before and after the oil spill were compared. Results show that an estimated 211 to 777 breeding birds have died as a result of the oil spill, however, the overall impact on the reproductive potential of the breeding bird population was insignificant. Various protective measures to mitigate the effects of future oil spills are proposed. 38 refs., 7 tabs., 1 fig

  11. Impacts of Sedimentation from Oil and Gas Development on Stream Macroinvertebrates in Two Adjacent Watersheds of the Allegheny National Forest of Northwestern Pennsylvania

    Energy Technology Data Exchange (ETDEWEB)

    Fritz, K.; Harris, S.; Edenborn, H.M.; Sams, J.

    2011-01-01

    Fritz, Kelley'*, Steven Harris', Harry Edenborn2, and James Sams2. 'Clarion University of Pennsylvania, Clarion, PA 16214, 2National Energy Technology Laboratory, U.S. Dept. Energy, Pittsburgh, PA 15236. Impacts a/Sedimentation/rom Oil and Gas Development on Stream Macroinvertebrates in Two Adjacent Watersheds a/the Allegheny National Forest a/Northwestern Pennsylvania - The Allegheny National Forest (ANF), located in northwestern Pennsy Ivania, is a multiuse forest combining commercial development with recreational and conservation activities. As such, portions of the ANF have been heavily logged and are now the subject of widespread oil and gas development. This rapid increase in oil and gas development has led to concerns about sediment runoff from the dirt and gravel roads associated with development and the potential impact on the aquatic biota of the receiving streams. We examined and compared the benthic macroinvertebrate communities in two adjacent watersheds of similar size and topography in the ANF; the Hedgehog Run watershed has no oil and gas development, while the adjacent Grunder Run watershed has extensive oil and gas development. In Hedgehog and Grunder Run, we collected monthly kicknet samples from riffles and glides at two sites from April to October 2010. At the same intervals, we measured standard water quality parameters, including conductivity and turbidity. Preliminary results have indicated much higher turbidity in Grunder Run, but little difference in the diversity and abundance of benthic macro invertebrates inhabiting the two streams.

  12. 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)

  13. Innovative options for structuring oil and gas agreements on First Nation lands

    International Nuclear Information System (INIS)

    Wells, M.D.

    1999-01-01

    The paper is developed from two perspectives, both of which are integral to the manner in which the paper's topic is viewed: a First Nation's perspective and a legal perspective. The paper is premised on two important points. The first is that the paper is presented only from a First Nation's perspective, not from the commonly understood 'Indians, Inuit and Metis', but from what has historically been considered as an 'Indian' perspective. The second premise is that the entirety of Aboriginal Lands is not dealt with, which are commonly understood to include reserve lands and Aboriginal title lands. With one exception, the discussion is concerned with options for structuring agreements to reserve lands which are defined as 'a tract of land, the legal title of which is vested in Her Majesty, that has been set apart by Her Majesty, for the use and benefit of the land'. It is important to understand the perspective First Nations have of their land and resources. And from a legal point of view, it is also important to understand the distinction between Aboriginal title lands and Indian Reserve lands. Integral to this understanding is an appreciation of the manner in which First Nations' title arises. The failure of the current legislative scheme to adequately protect First Nation interests and provide for their greater participation is understood and appreciated by the author

  14. National Dam Inspection Program. Laurel Run Dam. NDI ID Number PA-00380. DER ID Number 35-6, Pennsylvania Gas and Water Company. Susquehanna River Basin, Laurel Run, Lackawanna County, Pennsylvania Phase I Inspection Report,

    Science.gov (United States)

    1980-04-01

    Supply. g. Design and Construction History. Laurel Run Dam was constructed in 1594 by Martin Cawley, a contractor from Archbald. The construction was...1T6Ace joly PHASE I INSPECTION REPORT -4 NATIONAL DAM INSPECTION PROGRAM Lime LAUREL RUN DAM PENNSYLVANIA GAS AND WATER COMPANY RESERVOIR AREA

  15. Investment requirements in the oil industry of the independent oil exporting countries in the face of environmental challenges

    International Nuclear Information System (INIS)

    Rahmat, H.; Hamid, A.A.

    1992-01-01

    The oil industry has to operate under environmental constraints which involve commercial risks. Oil companies need to treat environmental management as an investment as well as an insurance problem, assessing risks and costs and deciding how to minimize them most cost effectively. Petroleum development in Malaysia is accelerating. In view of the high visibility of the industry and the wide publicity generated by a few incidents which have taken place outside Malaysia the national oil company, Petronas, is constantly vigilant in its efforts to preserve the environment. Oil producing countries like Malaysia will need to continue to set aside some of the revenue they obtain from the oil industry and use it for protecting the environment to ensure public acceptance and ultimately, orderly growth of their industry. Clearly they are less able to do so if their income is lessened through the interference with free trade among nations even if the purported reasons for the interference is the environment itself. Ultimately the environmental investment requirement in the oil industry of the independent and developing oil exporting countries is free trade without price distortions. The 1989 Langkawi Declaration on the Environment of the Commonwealth Heads of Government is appended to this article. (author)

  16. Holding-based network of nations based on listed energy companies: An empirical study on two-mode affiliation network of two sets of actors

    Science.gov (United States)

    Li, Huajiao; Fang, Wei; An, Haizhong; Gao, Xiangyun; Yan, Lili

    2016-05-01

    Economic networks in the real world are not homogeneous; therefore, it is important to study economic networks with heterogeneous nodes and edges to simulate a real network more precisely. In this paper, we present an empirical study of the one-mode derivative holding-based network constructed by the two-mode affiliation network of two sets of actors using the data of worldwide listed energy companies and their shareholders. First, we identify the primitive relationship in the two-mode affiliation network of the two sets of actors. Then, we present the method used to construct the derivative network based on the shareholding relationship between two sets of actors and the affiliation relationship between actors and events. After constructing the derivative network, we analyze different topological features on the node level, edge level and entire network level and explain the meanings of the different values of the topological features combining the empirical data. This study is helpful for expanding the usage of complex networks to heterogeneous economic networks. For empirical research on the worldwide listed energy stock market, this study is useful for discovering the inner relationships between the nations and regions from a new perspective.

  17. Which are tomorrow's stakes for oil distribution?

    International Nuclear Information System (INIS)

    Bousson, Guillaume; Dooh-Priso, Anne

    2014-09-01

    After an evocation of the evolution of the oil distribution sector, this Power Point presentation reports a study which, while focusing on oil product marketing and associated services for light vehicles and road transports, aimed at identifying which are the main strategies adopted by dealers, how this supply will evolve, and what are user's expectations. The authors locate oil distribution within the value chain, gives an overview of differences of prices at the pump. Then, they analyse the evolution (between decline and evolution) of distribution in developed countries: an always more constraining context (from political, economic, social-cultural, technological, environmental, and legal points of view), three main types of actors (oil companies, independent dealers, mass retailers), a decrease of consumption, fewer traditional service stations, increasing share for food mass retailers, evolution of strategy of majors (upstream or discount). The next part comments the progressive opening of distribution in developing countries: same kind of constraints, situation in China (first world oil importer), in India (towards a deregulated market), in other Asian countries where foreign companies are hardly present, in Africa where national companies are replacing major companies, in South America where some local actors prevail. In the next part, the authors outline that substitution products (bio-fuels, LPG, NGV, charging stations for electric vehicles) hardly convince. Finally, it is shown that consumer retention strategy is more particularly based on digital tools and applications

  18. 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...

  19. Peru: World Oil Report 1991

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

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

  20. 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)