The System of Key Performance Indicators of Innovative Activity as Management Innovation in Oil and Gas Companies

2020 ◽  
pp. 605-612 ◽  
Author(s):  
Mikhail V. Rybin ◽  
Alexander A. Stepanov ◽  
Nadezhda V. Morozova
Keyword(s):  
Performance Indicators ◽  
Oil And Gas ◽  
Key Performance Indicators ◽  
Innovative Activity ◽  
Management Innovation ◽  
Oil And Gas Companies

Development of the Key Performance Indicators for the Assessment of Personnel Management Service Specialists

2019 ◽  
Vol 8 (5) ◽  
pp. 29-33
Author(s):  
Nadezhda Shklyaeva
Keyword(s):  
Personnel Management ◽  
Performance Indicators ◽  
Oil And Gas ◽  
Key Performance Indicators ◽  
Management Service ◽  
Similar Work ◽  
Oil And Gas Companies ◽  
Management Services

Personnel management services at enterprises are usually attributed to cost centers; specialists are assessed not by the results of the unit, but by the total results of the organization. Therefore, practitioners consider it inappropriate to develop KPI for HR services. The author is sure that diff erentiation of the results of the activities of all specialists is necessary. This article describes the practical results of the development of KPI for professionals working in HR services. The mechanism of differentiation of indicators by posts is presented. The system was developed and tested in one of Surgut’s oil and gas companies. The algorithm presented in the article will help those interested in carrying out similar work in the process of developing their own version of KPI.

scholarly journals JUSTIFICATION OF CHOICE OF EFFICIENCY INDICATORS OF COMPANIES ON THE EXAMPLE OF OIL AND GAS COMPLEХ

2019 ◽  
Vol 2 (5) ◽  
pp. 257-265
Author(s):  
Anzhelika Kurepova ◽  
Daria Yuva
Keyword(s):  
Factor Analysis ◽  
Performance Indicators ◽  
Oil And Gas ◽  
Financial Reports ◽  
Return On Equity ◽  
Net Profit ◽  
Is Evaluation ◽  
Object Of Study ◽  
Oil And Gas Companies ◽  
Efficiency Indicators

The article presents an analysis of the performance indicators of oil and gas companies, justification of the choice the most appropriate indicators for different company comparison. The author made and introduced indicators’ classification according to various criteria: in the form of expression, depending on the object of study and others. To compare companies, you can not use indicators which were counted by these companies because of the different structure of indicators. In this case, you need to count all indexes by your own using financial reports to make a united structure. The aim of the work is evaluation of the efficiency of companies of oil and gas complex and making a factor analysis of indicators of efficiency. To fulfill the goal author used formulas for counting indicators. One of the results of this work is that ROE (Return On Equity) is one of the most important and representative indexes because it shows how effective money of shareholders is used. It has a sense because all analyzed companies are joint-stock. Using a decomposition and factor analysis of ROE author showed that with an increase in net profit and equity at the same percentage, the return on equity is more sensitive to changes in net profit. And in the situation of decreasing the same elements, ROE is more sensitive to changes in equity.

scholarly journals Theoretical and practical aspects of assessment of innovative activity in oil and gas enterprises

2020 ◽  
Vol 13 (4) ◽  
pp. 531-540
Author(s):  
M. V. Rybin ◽  
D. S. Lobov
Keyword(s):  
Life Cycle ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Innovative Activity ◽  
Gas Industry ◽  
The Innovative Management ◽  
And Performance ◽  
Key Indicators ◽  
Oil And Gas Companies ◽  
Oil And Gas Enterprises

Analysis of theoretical and practical aspects of assessment of innovative activity at national and foreign oil and gas enterprises revealed the necessity of improvement of the existing tools which include the lists of key indicators of efficiency and performance applied within the innovative development programs of the Russian companies. Thereby the authors analyzed national and foreign research paying the most serious attention to theoretical aspects of innovative activity assessment. Among them of greatest interest is the complex approach to application of metrics in scientific and technical development of a company. The authors have also studied the conceptual apparatus and the main terms for the problems under consideration. As a result, the research confirmed the idea that the practice of applying the lists of key indicators of innovative activity in oil and gas industry does not coincide with the results of academic works and the innovative management theory: the current methods are primarily aimed at assessment of the results of innovative activity, several stages of the life cycle of creation of innovation are not subject to monitoring. At the same time lists of key indicators of innovative activity make it possible for the company’s management to estimate economic and resource effects of innovations which corresponds to strategic interests of oil and gas companies.Lists of indicators of efficiency and performance of innovative activity can be improved by means of national and foreign research. It is important to involve more metrics which make it possible to monitor all the life cycle of creation and implementation of innovative solutions.The results of the study can be used as the basis for further research on improvement and development of the lists of key indicators of innovative activity of oil and gas companies.

Modeling of innovative production development of oil and gas regions

2020 ◽  
Author(s):  
Igor' Beilin
Keyword(s):  
Oil And Gas ◽  
Research Work ◽  
Federal District ◽  
Educational Process ◽  
Management Innovation ◽  
Master's Degrees ◽  
Professional Activities ◽  
Municipal Management ◽  
Instrumental Methods ◽  
Oil And Gas Companies

The monograph presents new and improved methodological approaches to modeling the economic efficiency of innovative production processes in oil and gas regions on the example of the Volga Federal district. The results of the study may be in demand in the professional activities of state authorities at both the regional and Federal levels, as well as top management of budget-forming oil and gas companies and companies interacting with them. The materials of the monograph are recommended for use in the educational process of bachelor's and master's degrees in the areas of "Economics", "Management", "State and municipal management", "innovation", as well as in research work in the scientific specialties "Economic theory", "Economics and management of national economy", "Mathematical and instrumental methods of Economics", etc.

scholarly journals Measurement challenges of supply chain performance in complex shipping environments

2018 ◽  
Vol 3 (4) ◽  
pp. 431-448 ◽  
Author(s):  
Photis Panayides ◽  
Odd Jarl Borch ◽  
Anastasiya Henk
Keyword(s):  
Supply Chain ◽  
Performance Indicators ◽  
Oil And Gas ◽  
Service Providers ◽  
Key Performance Indicators ◽  
Operational Environment ◽  
Long Distance ◽  
Content Type ◽  
Logistics Service ◽  
Context Specific

Purpose Logistics service performance measurement (PM) is a fundamental activity pertaining to the achievement of logistics goals and the improvement of services. The choice of logistics PM criteria depends on stakeholder goals and expectations, including logistics service providers, customers and government and regulatory institutions. PM is especially challenging in areas where high values are at stake, several actors are involved and uncertainty about cause-and-effect relations is high. This paper aims to examine the measurement of performance in offshore oil and gas logistics, which has unique characteristics such as a supply chain (SC) exposed to a harsh environment, the presence of several independent carriers and a highly specialised and costly set of vessels involved in long-distance transport legs. Design/methodology/approach The study is designed as a multiple case study of two Norwegian shipping companies and two international oil and gas companies. Data were collected from several parts of the offshore service SC in several Arctic oil and gas fields. Findings This paper sheds light on the performance of the SC and presents key performance indicators for logistics operations. It concludes that the measurement of SC performance must be context-specific and emphasis needs to be placed on the degree of uncertainty and inter-dependency related to the SC in question. Originality/value The study suggests a list of context-specific key performance indicators for offshore logistics with a special emphasis on the peculiarities of a harsh operational environment.

Hydrocarbon Field Re-Development in a Bayesian Framework

2021 ◽  
Author(s):  
Dominik Steineder ◽  
Torsten Clemens
Keyword(s):  
Performance Indicators ◽  
Oil And Gas ◽  
Risk Mitigation ◽  
Data Gathering ◽  
Key Performance Indicators ◽  
Bayesian Framework ◽  
Development Projects ◽  
Project Development ◽  
Project Objectives ◽  
Hydrocarbon Field

Abstract Hydrocarbon field (re-)development projects are challenging to perform as a number of decisions need to be taken under uncertainty. In addition, data gathering activities need to be performed to decrease the risk of negative outcomes related to project objectives and to select the development option with the highest value. Many oil and gas E&P companies are using as stage-gate process to mature hydrocarbon field (re-)development projects. Such a process allows for systematic project development including value assurance measures such as peer reviews prior to decision gates. However, the stage-gate leads to challenges if it is not performed in a Bayesian framework. If for example simplified models are used in the early phase of the stage-gate process, no Bayesian updating of believes can be done. Similarly, if the company is not seamlessly integrating project value in project development, the value of development option and of data acquisition cannot be quantitatively determined. We are showing how to mature projects in a Bayesian framework. We show how data gathering is used to update believes and how generalized sensitivity analysis can be applied to identify which decisions have an impact of project value and which parameters are sensitive to the decision which development option to perform. The key performance indicators such as Expected Monetary Value, Probability of Maturation, Probability of Economic Success are updated. The changes of the sensitivities of the various uncertain parameters with project maturation is monitored and the decision maker is supplied with key performance indicators and residual risks, risk mitigation and management plans at Final Investment Decision.

scholarly journals EVALUATION OF EFFECTIVENESS OF DEVELOPING BUSINESS PROCESSES ON ENTERPRISES OF OIL AND GAS INDUSTRY

2018 ◽  
pp. 45-50
Author(s):  
Elena Prokofievna Karlina ◽  
Elina Victorovna Polyanskaya ◽  
Anna Nikolaevna Tarasova
Keyword(s):  
Performance Management ◽  
Balanced Scorecard ◽  
Performance Indicators ◽  
Business Processes ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Key Performance Indicators ◽  
Gas Industry ◽  
The Balanced Scorecard ◽  
Effective Organization

In conditions of high competition on the global markets Russian oil and gas companies are increasingly focusing on the creation of effective system of governance which would allow to concentrate the efforts of the company staff on increasing profitability and maximizing market value, one of the tools for the achievement of which is the effective organization of business processes. The study of LUKOIL, PJSC activity in management of business segments allowed to formulate a conclusion about the appropriateness of the use of the balanced scorecard for performance management of business processes. Building and implementation of the system of key performance indicators is carried out subject to the features of the strategic directions of the company and business segments, which helped to identify two subsystems of its development for LUKOIL, PJSC: key performance indicators for the evaluation of the company as a whole and key indicators for the evaluation of business processes. On the basis of the process approach the key performance indicators of the business process "Well construction management" have been formed and concretized reflecting the industry specifics of the operating and financial activities of the oil and gas industry.

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