Long-Term Daily Equity Returns Across Sectors of the Oil and Gas Industry, 2000–2019

2021 ◽  
Author(s):  
Scott Alan Carson
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Equity Returns ◽  
Gas Industry

Trends and Prospects of Development of the Oil and Gas Sector in the Context of Digitalization

2020 ◽  
Vol 26 (1) ◽  
pp. 35-45 ◽  
Author(s):  
A. G. Kazanin
Keyword(s):  
Oil And Gas ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Global Market ◽  
The Arctic ◽  
Business And Society ◽  
Gas Industry ◽  
Exploration And Production ◽  
Oil And Gas Sector

The modern oil and gas industry is heavily dependent on the processes and trends driven by the accelerating digitalization of the economy. Thus, the digitalization of the oil and gas sector has become Russia’s top priority, which involves a technological and structural transformation of all production processes and stages.Aim. The presented study aims to identify the major trends and prospects of development of the Russian oil and gas sector in the context of its digitalization and formation of the digital economy.Tasks. The authors analyze the major trends in the development of the oil and gas industry at a global scale and in Russia with allowance for the prospects of accelerated exploration of the Arctic; determine the best practices of implementation of digital technologies by oil and gas companies as well as the prospects and obstacles for the subsequent transfer of digital technologies to the Russian oil and gas industry.Methods. This study uses general scientific methods, such as analysis, synthesis, and scientific generalization.Results. Arctic hydrocarbons will become increasingly important to Russia in the long term, and their exploration and production will require the implementation of innovative technologies. Priority directions for the development of many oil and gas producers will include active application of digital technologies as a whole (different types of robots that could replace people in performing complex procedures), processing and analysis of big data using artificial intelligence to optimize processes, particularly in the field of exploration and production, processing and transportation. Digitalization of the oil and gas sector is a powerful factor in the improvement of the efficiency of the Russian economy. However, Russian companies are notably lagging behind in this field of innovative development and there are problems and high risks that need to be overcome to realize its potential for business and society.Conclusions. Given the strategic importance of the oil and gas industry for Russia, its sustainable development and national security, it is recommendable to focus on the development and implementation of digital technologies. This is crucial for the digitalization of long-term projection and strategic planning, assessment of the role and place of Russia and its largest energy companies in the global market with allowance for a maximum number of different internal and external factors.

scholarly journals A Review of Job Role Localization in the Oil and Gas Industry

Energies ◽  
2018 ◽  
Vol 11 (10) ◽  
pp. 2779 ◽  
Author(s):  
Jack Pegram ◽  
Gioia Falcone ◽  
Athanasios Kolios
Keyword(s):  
Oil And Gas ◽  
Relevant Literature ◽  
Oil And Gas Industry ◽  
Critical Discussion ◽  
Future Application ◽  
Gas Industry ◽  
Local Content ◽  
Job Role ◽  
Key Terms

Job role localization is a strategic local content solution used by countries bearing natural resource stocks to maximize the long-term benefits of exploring and producing them. Currently, there is significant variation in how countries and organizations plan and implement local content and job role localization strategies; hence, this paper aims to gather, classify, and discuss relevant literature with a view to identify best practices for future application. After a multi-dimensional discussion of key terms relevant to the topic, the drivers and theoretical underpinnings of local content are examined, followed by an assessment of job role localization literature qualifying enablers and barriers to localization. A critical discussion on the means of evaluating local content policies summarizes the findings of this critical review.

Aboriginal employment—Chevron's journey

2015 ◽  
Vol 55 (2) ◽  
pp. 425
Author(s):  
Camis Smith
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Long Term Results ◽  
Corporate Leadership ◽  
Gas Industry ◽  
Internal Support ◽  
Employer Of Choice ◽  
Energy Companies

Advancing Aboriginal participation in the workplace comes with its challenges, and those experienced in the oil and gas industry are unique. Barriers to participation need to be regularly evaluated and addressed for success. Although Chevron Australia's focus on Aboriginal employment is fairly recent, it receives strong internal support from senior and corporate leadership. It will be important in the future to further this commitment and build ownership throughout the organisation to achieve long-term results and meet business needs and skills gaps. Camis Smith, Chevron Australia's Aboriginal Employment Strategy Manager, will share Chevron's experiences, lessons and challenges in advancing Aboriginal participation in the workplace, and reinforce its reputation as an employer of choice. Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. With the ingenuity and commitment of more than 4,000 people, Chevron Australia leads the development of the Gorgon and Wheatstone natural gas projects, and has been operating Australia's largest onshore oilfield on Barrow Island for more than 45 years.

scholarly journals Iraqi Kurdistan Oil and Gas Sector: Iraqi and International Dimensions

2020 ◽  
pp. 58-67
Author(s):  
Qadir Aso Araz
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Regional Government ◽  
Legal Basis ◽  
Kurdistan Region ◽  
Gas Industry ◽  
Iraqi Kurdistan ◽  
International Aspects ◽  
Oil And Gas Sector

The article deals with the problem of the influence of the Iraqi Kurdistan oil and gas industry on the relations of the Kurdish autonomy with the central authority of Iraq. The international aspects of extraction and transportation of hydrocarbons from the territory of the Kurdistan Region are also analyzed. The legal basis for the functioning of the oil and gas complex in the region, the main differences between Erbil and Baghdad regarding the powers of the Kurdish regional government in the field of exploitation of natural resources of the autonomy is represented. It has been established that the independent activity of the Iraqi Kurdistan authorities in the development of the oil and gas industry in its territory, the wide involvement of foreign investment provided autonomy a significant source of income, which became the financial backing of Erbil in his political disputes with Baghdad. At the same time, in the question of the transportation of hydrocarbon, the landlocked Iraqi Kurdistan was critically dependent on Turkey, which greatly limits its range of options in its relations with Ankara. Excessive dependence of the Iraqi Kurdistan economy on hydrocarbon exports is one of the strategic challenges for Kurdish autonomy, but significant positive developments in this area are possible only in the long-term perspective. Keywords: Iraq, Iraqi Kurdistan, Kurdish autonomy, Turkey, oil and gas industry.

scholarly journals Characterization and Treatment Technologies Applied for Produced Water in Qatar

Water ◽  
2021 ◽  
Vol 13 (24) ◽  
pp. 3573
Author(s):  
Hana D. Dawoud ◽  
Haleema Saleem ◽  
Nasser Abdullah Alnuaimi ◽  
Syed Javaid Zaidi
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Produced Water ◽  
Cost Effective ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Treatment Techniques ◽  
Treatment Technologies ◽  
Oil Gas

Qatar is one of the major natural gas (NG) producing countries, which has the world’s third-largest NG reserves besides the largest supplier of liquefied natural gas (LNG). Since the produced water (PW) generated in the oil and gas industry is considered as the largest waste stream, cost-effective PW management becomes fundamentally essential. The oil/gas industries in Qatar produce large amounts of PW daily, hence the key challenges facing these industries reducing the volume of PW injected in disposal wells by a level of 50% for ensuring the long-term sustainability of the reservoir. Moreover, it is important to study the characteristics of PW to determine the appropriate method to treat it and then use it for various applications such as irrigation, or dispose of it without harming the environment. This review paper targets to highlight the generation of PW in Qatar, as well as discuss the characteristics of chemical, physical, and biological treatment techniques in detail. These processes and methods discussed are not only applied by Qatari companies, but also by other companies associated or in collaboration with those in Qatar. Finally, case studies from different companies in Qatar and the challenges of treating the PW are discussed. From the different studies analyzed, various techniques as well as sequencing of different techniques were noted to be employed for the effective treatment of PW.

scholarly journals Derailed locomotive? Petrobras investments and economic growth in Brazil

2018 ◽  
Vol 6 (1) ◽  
pp. 47
Author(s):  
Raíssa Fernandes Yabiko ◽  
Rosemarie Bröker Bone
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
State Enterprise ◽  
Capital Expenditures ◽  
Gdp Growth ◽  
Large Share ◽  
Term Survival ◽  
Gas Industry ◽  
The World

<p>Petrobras is the largest firm in Brazil and one of the largest in the world. Its investment plans are among the biggest in the oil and gas industry, focused in Brazil and on E&amp;P. Petrobras is responsible for a large share of gross capital formation and gross domestic product (GDP) growth in the country. The correlation between its investments and the country investment and GDP growth is above 0.8 and shows the dependency of the economy to Petrobras activity. At the same time, as a state enterprise it has been a tool of macroeconomic policy. In the 2010´s its gasoline and diesel prices were frozen to keep inflation down. The recent crisis in the company, including corruption scandals and oil price slump increased debt levels and reduced its capital expenditures. The sale of assets directive since 2016 is required to reduce its net debt. While a medium to long term survival strategy, the change in Petrobras’ investment profile may decrease the prospects of GDP growth in the Brazilian economy.</p>

scholarly journals PROBLEMS OF STRATEGIC PLANNING OF OIL AND GAS INDUSTRY IN A TURBULENT ENVIRONMENT

THE BULLETIN ◽  
2020 ◽  
Vol 5 (387) ◽  
pp. 180-187
Author(s):  
A. B. Amerkhanova ◽  
◽  
V. R. Meshkov ◽  
◽  
◽  
...  
Keyword(s):  
Strategic Planning ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Development Planning ◽  
Gas Industry ◽  
Oil Companies ◽  
Development Scenarios ◽  
Macroeconomic Indicators ◽  
Effective Development

In market conditions the external environment, economy, technology, politics, culture and society in general that affect the organization's activities are constantly changing. Therefore, strategic analysis and planning is a tool for forming an attitude to the future of the organization taking into account these changes, as a tool for reacting and adapting to such changes. To ensure the adaptability of strategic planning, effective contingency measures must be provided for in all types of planning. At the same time, at each stage of strategic planning, its adaptive potential must be realized. In a competitive economy, most domestic enterprises are required to make qualitatively new decisions for long-term effective development. Planning should facilitate the adaptation of the enterprise to market requirements in accordance with the goals and objectives of the enterprise, its internal capabilities and environmental conditions. In this regard, planning is becoming more and more strategic. However, traditional long-term planning does not lose its relevance, since strategic planning is based on traditional long-term planning. In developed market economies, tools for developing long-term development scenarios for companies have been the subject of research for decades. The experience of foreign forecasting is widely used by Kazakhstani companies today. However, as practice shows, direct use and copying of foreign experience in the development of strategies often lead to errors and distortions. In practice, Kazakh companies need to apply appropriate tools and mechanisms for strategic planning, coordinated and adapted to the specific risks. The goals and main provisions of strategic planning of oil companies are discussed in the article. The role of the oil industry in the main macroeconomic indicators of the country's development is shown.

President's Page

2020 ◽  
Vol 39 (8) ◽  
pp. 534-534
Author(s):  
Ken Tubman
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

Making connections and staying connected, i.e., networking, has always been important — even more so now with the oil and gas industry shedding so many positions and facing such serious long-term challenges.

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