scholarly journals Local content implementation and development in Ghana’s upstream oil and gas sector for sustainable development: contemporary issues on policy management

2021 ◽  
Vol 2 (1) ◽  
Author(s):  
Shafic Suleman ◽  
Joshua Jebuntie Zaato
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Social Benefits ◽  
Main Question ◽  
Gas Industry ◽  
Oil Companies ◽  
Local Content ◽  
Oil And Gas Operations ◽  
Laws And Policies ◽  
Backward Linkages

AbstractThe need to develop and boost the potentials of Ghana’s upstream oil and gas activities has been advocated by policymakers, academics, and financial institutions since the discovery of oil and gas in commercial quantities. It has been argued that if well implemented, upstream activities have a trickledown effect on the local content policy linkages that apart from taxes, can lead to improved financial and social benefits. In this study, how Ghana can use local content policy in upstream oil and gas operations to maximum economic and social benefits for the good of the Ghana government, citizens, and the Multinational Oil Companies, is the main question to be answered? To address this question, comprehensive analysis of local content laws and policies and stakeholder consultations are conducted. The paper argues that an effective local content policy towards achieving sustainability in the upstream oil and gas industry demands balancing the needs of policymakers, local communities, Multinational Oil Companies, and regulators to succeed. The study recommends a local content implementation master plan; active participation of key stakeholders (government, citizens and Multinational Oil Companies); and integration of forward and backward linkages in the implementation of Ghana’s upstream local content laws and policies.

Entrepreneurial implications of Nigeria's oil industry local content policy

2011 ◽  
Vol 5 (3) ◽  
pp. 223-241 ◽  
Author(s):  
Ugwushi Bellema Ihua ◽  
Olatunde Abiodun Olabowale ◽  
Kamdi Nnanna Eloji ◽  
Chris Ajayi
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
General Level ◽  
Gas Industry ◽  
Content Type ◽  
Oil Companies ◽  
Local Content ◽  
National Oil Companies ◽  
Indigenous Entrepreneurs ◽  
Entrepreneurial Activities

PurposeThe purpose of this paper is to investigate the efficacy of Nigeria's oil and gas industry local content (LC) policy, with particular reference to how the policy has enhanced entrepreneurial activities and served as panacea to resolving some of the country's socio‐economic challenges within the oil‐producing Niger Delta region.Design/methodology/approachSurvey data were randomly obtained from a questionnaire sample of 120 indigenes in Bayelsa, Delta and Rivers states; and subjected to factor‐analysis using varimax rotation to identify the most crucial factors likely to influence the success of the policy. Cronbach's α was also applied to ascertain the reliability of the data and overall agreement amongst respondents.FindingsThe study reveals a general level of indifference amongst the respondents, and an insignificant level of entrepreneurial implication, regarding the LC policy. Notwithstanding, the need to create business prospects, jobs opportunities, and establish special quota arrangements to benefit indigenes of the oil producing host‐communities were found to be most crucial in their assessment of the policy's efficacy.Practical implicationsIt is expected that the policy should stimulate and open up more channels for budding entrepreneurial activities, job opportunities and wealth generation. These would mitigate situations of unwarranted militant activities, social disorder and disguised criminalities such as kidnapping and destruction of oil installations, resulting from perceived marginalisation, massive unemployment and poor living standards experienced within the region.Originality/valueThe study provides insights into how the LC policy, if properly harnessed and judiciously implemented, can generate win‐win outcomes for the nation, multi‐national oil companies, host communities and indigenous entrepreneurs.

scholarly journals Rheological evaluation of local clay samples in central region Ghana for oil well drilling fluid formulation

2018 ◽  
Vol 7 (1) ◽  
pp. 100
Author(s):  
Foster Gomado ◽  
Forson Kobina ◽  
Augustus Owusu Boadi ◽  
Yussif Moro Awelisah
Keyword(s):  
Oil And Gas ◽  
Drilling Fluid ◽  
Oil And Gas Industry ◽  
Drilling Fluids ◽  
Local Clay ◽  
Gas Industry ◽  
Local Content ◽  
Oil And Gas Operations ◽  
Drilling Muds ◽  
Local Materials

The superb rheological features of bentonites makes them an excellent candidate in drilling operations. Its capacity of bentonite to swell and extend to a few times its unique volume gives it the gelling and viscosity controlling quality. The execution of clay or specifical bentonite as a great consistency controlling operator in drilling fluids largely depends on the great extent of its rheological conduct. Ghana as of late found oil and it has tossed a test to research to explore the utilization of local materials in the oil and gas operations. A rheological study was conducted on local clay samples from Ajumako, Saltpond and Winneba in the Central district of Ghana as a viscosifier in drilling muds. This will help to improve the local content of Ghana's oil and gas industry. Drilling muds were prepared from the samples in addition to a control mud using imported non-treated bentonite. The local clay samples were subjected rheological test where the flow behavior of the muds was determined by measuring the gel strength, plastic viscosity, and the yield point. The experimental values were compared to the API standards. It was revealed that the local clay had some potential features of bentonite and could be utilized as controlling operators in drilling fluids provided the clays are beneficiated to enhance their rheological properties. This novel tend to improve the local content in oil and gas industry in Ghana through the deployment of the local materials in oil and gas operations in the nation.

Local Content Law and Practice

2020 ◽  
pp. 139-160
Author(s):  
Charles Godfred Ackah ◽  
Asaah S. Mohammed
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Local Participation ◽  
Gas Industry ◽  
Oil Companies ◽  
Local Content ◽  
Essential Services ◽  
Exploration And Production ◽  
Regulatory Capacity ◽  
Local Firms

Local content and local participation policy and legislation have come to stay in Ghana’s oil and gas industry. The policy and legislation have been described largely as adequate, promising, and necessary to promote local content and local participation in the oil and gas industry. Implementation of the policy and legislation has, however, produced mixed results, according to industry stakeholders and researchers. Evidence suggests some level of compliance by international oil companies to implement the policy and legislation on local content. Some Ghanaian companies have been awarded contracts to provide essential services and goods to these international oil companies during exploration and production. Several factors, however, militate against effective implementation of the policy and legislation. Notable among these are the low capacity of local firms, discrimination against local firms by international oil companies through vertical integration, and the weak regulatory capacity of the Petroleum Commission to enforce local content implementation.

A business network perspective on local content in emerging African petroleum nations

2016 ◽  
Vol 10 (4) ◽  
pp. 594-616 ◽  
Author(s):  
Richard Afriyie Owusu ◽  
Terje I. Vaaland
Keyword(s):  
Network Theory ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Business Networks ◽  
Business Network ◽  
Gas Industry ◽  
Content Type ◽  
Oil Companies ◽  
Local Content ◽  
Industrial Network

Purpose The paper aims to identify and analyze the actors and their interrelationships in realizing local content objectives in African oil- and gas-producing nations. Design/methodology/approach The paper includes content analysis of relevant research papers and reports within the oil and gas industry, local content and industrial networks published between 2000 and 2014. Findings The study developed a framework that integrates the literature on local content with the industrial network theory. The framework classifies the various critical actors for achieving local content, proposing that achieving local content requires the development of business network links and a resource alignment among local companies and institutions and foreign companies and institutions, in addition to multinational oil companies. Research limitations/implications The framework of this study contributes to an emerging theory on local content by integrating the industrial network theory, which provides specific frameworks for analyzing embedded business environments, along with the previous economic and legal-based studies of local content achievement. Practical implications The way the relevant actors organize their resources and business networks provides potential for local content in an emerging oil and gas industry in Africa. Originality/value The paper is one of the few to integrate studies of local content with the industrial network theory. The literature review provides a summary window of the research on the subject over a 14-year period.

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.

scholarly journals How Oil Contracts Affect Human Rights

2018 ◽  
Vol 3 (4) ◽  
pp. 30
Author(s):  
Maria João Mimoso ◽  
Clara da Conceição de Sousa Alves ◽  
Diogo Filipe Dias Gonçalves
Keyword(s):  
Human Rights ◽  
Oil And Gas ◽  
Social Issues ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Oil Companies ◽  
The Social ◽  
Oil Contracts ◽  
The 19Th Century ◽  
The Impact

Since the beginning of the 19th century, we have assisted major proliferation of the oil and gas industry. This phenomenon of exponential growth is due to the fact that oil companies hold the world’s oil monopoly on the extraction, processing and commercialization. Therefore, as being one of the most influential sectors in the world, is crucial to strictly regulate how oil and gas contracts concerns the potential environmental and social impacts arising from the conduct of petroleum operations and how such behavior affects the human rights. As a matter of fact, the social issues field is an emerging area, and despite such importance, oil contracts do not often deal with them in great detail, corresponding to an actual emptiness of the human rights provisions. In terms of responsibly, oil companies, have an inalienable obligation to ensure that their actions do not violate human rights or contribute for their violation. This study aims to trace a detailed analysis of the impact of the oil and gas agreements in human rights. In order to fully comprehend the deep effects of this industry, we will examine, in detail, numerous of published oil and gas agreements, as well as, decode which are the real standards and practices accepted by this industry. We will use a deductive and speculative reasoning. We will try to demonstrate how incipient and short protection is given to human rights and what responsible conducts must urgently be developed.

Adaptive Advisory Systems for Oil and Gas Operations

2013 ◽  
pp. 262-284 ◽  
Author(s):  
Andreas Al-Kinani ◽  
Nihal Cakir ◽  
Theresa Baumgartner ◽  
Michael Stundner
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Oil And Gas Operations ◽  
Advisory Systems

This chapter describes a framework that captures knowledge in an organization and applies it in daily operations. Knowledge capturing is one of the biggest upcoming challenges to oil and gas organizations as operations become more remote, more challenging, and many experts are leaving the oil and gas industry. A methodology is described to capture the knowledge of experts centrally and apply it throughout all operations in the organization. Due to the fact that an asset team is facing different constraints and challenges throughout the lifetime of a field, the system needs to gather experience from decisions and learn together with the asset team. Technologies that are flexible enough to process uncertainties are discussed as well as the effect on people, processes, and organization.

Issues of Environmental Impairment Liability Insurance in the Russian Oil and Gas Industry

2019 ◽  
Vol 2019 (4) ◽  
pp. 160-175
Author(s):  
Anna Popova
Keyword(s):  
Environmental Pollution ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Products ◽  
Nature Management ◽  
Environmental Damage ◽  
Gas Industry ◽  
Oil Companies ◽  
Management Measures ◽  
Expert Assessments

The author studies environmental insurance in nature management as a lever of management measures to prevent and eliminate environmental pollution by oil products during their transportation and oil fields development. The research aims to develop recommendations for environmental risks insurance in Russian oil and gas industry on the basis of economic and mathematical model that allows to estimate the scale of environmental pollution by oil products. Such methods as system and comparative analysis, expert assessments, forecasting, modeling used in this work helped the author to identify Russian environmental insurance features; to propose a method for solving the problem concerning the lack of statistical data on the frequency and scale of accidents and the environmental damage magnitude by mathematical modeling of the accident, which allows to estimate the radius and depth of the underlying surface pollution. These developments will help insurers to make more adequate insurance premiums and tariffs, as well as to improve the underwriting procedure for unique oil and gas projects. But in order for the obtained achievements to find their application, it is necessary to have legislation obliging oil companies to compensate for environmental damage, and due to the scale of such damage, oil companies will be obliged to insure the relevant risks.

scholarly journals Board Profile and its Influence on the Stock Value of Oil Companies and Gas

2016 ◽  
Vol 9 (8) ◽  
pp. 37
Author(s):  
Savio De Luna Pinto ◽  
Aline Alves de Andrade ◽  
Roselaine Cristina Borges ◽  
Celso Machado Jr.
Keyword(s):  
Oil And Gas ◽  
Market Value ◽  
Oil And Gas Industry ◽  
Research Information ◽  
Gas Industry ◽  
Oil Companies ◽  
Age Diversity ◽  
Stock Value ◽  
Favorable Conditions ◽  
The Relationship

<p>This article identifies the profile of the boards of the ten largest companies in the Oil and Gas industry on NASDAQ and the variation of their stocks. The research contributes to the study developed by Andrade (2009) which established the relationship between corporate governance and market value in Brazil. Additionally, Connell and Cramer (2010) studied the advice of Ireland companies, point out the importance of analyzing the board's composition and its influence on the organization's performance in the stock market in different segments. The method was a qualitative analysis of the board, and the correlation of the board with the variation and point that studies in a number of other countries generally fail to report any significant association between board composition and firm performance. The research information shows that the best performing companies have common characteristics: advice with fewer members; age diversity of members and specifically trained in master. These characteristics capable of being incorporated by the companies and that give power to favorable conditions for companies, for shareholders and for society in general.</p>

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