Towards a Replicating Market Model for the US Oil and Gas Sector

2013 ◽  
pp. 207-221 ◽  
Author(s):  
John Simpson ◽  
Goknur Buyukkara
Keyword(s):  
Oil And Gas ◽  
Market Model ◽  
The Us ◽  
Oil And Gas Sector

The rise of shareholder activism—what you need to know

2015 ◽  
Vol 55 (2) ◽  
pp. 448
Author(s):  
Mark Malinas
Keyword(s):  
Oil And Gas ◽  
Shareholder Activism ◽  
Share Price ◽  
Strategic Direction ◽  
The Us ◽  
Dramatic Rise ◽  
Under Performing ◽  
And Performance ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

The past few years have seen a dramatic rise in shareholder activism in Europe and the US and it is a trend becoming more common in Australia. Companies operating in the oil and gas sector have been subject to particular attention and there are a growing number of examples of this in Australia. The targets of shareholder activism range in size and performance, but are often companies with perceived board weakness, those that are considered to adhere to outdated corporate governance, those whose strategic direction is in question or those that have an under-performing share price, though other factors can also be relevant. Using these issues or concerns as a pretext, activists are increasingly focused on using tactics that allow them to exert control or exercise influence to realise returns or agitate for change in companies that: have significant assets (such as oil and gas reserves) relative to their market value; have high costs, large capital expenditures and long revenue generation lead time (such as exploration projects); or, operate in low growth or fluctuating markets (such as with the price of oil and gas). Unsurprisingly, the oil and gas sector is being increasingly seen by certain funds and investors as fertile ground for shareholder activism. The Australian legal landscape also presents shareholders with a platform from which to exert influence. For instance: shareholders are able to requisition general meetings (and resolutions to be put to those meetings) if they hold sufficient shares and put the entire board up for re-election following the introduction of the two strikes rule; and, directors are required to adhere to statutory and common law duties in responding to shareholders. Shareholder activist campaigns are often played out in public and can be highly disruptive to companies’ operations. Accordingly, directors and senior management of oil and gas companies should be aware of shareholder activism in Australia and, in the broader interests of all shareholders and their company, consider how they should respond or be ready to respond. This may be done through various processes, including testing the company’s perceived weaknesses and addressing them and having a plan to address activism should it arise.

scholarly journals EDITORIAL

2012 ◽  
Vol 11 (1-2) ◽  
pp. 02
Author(s):  
J. V. C. Vargas
Keyword(s):  
Renewable Energy ◽  
Solar Energy ◽  
Oil And Gas ◽  
Photovoltaic Performance ◽  
Proton Exchange ◽  
Solar Panels ◽  
The Us ◽  
Efficiency Increase ◽  
Computer Processor ◽  
Oil And Gas Sector

Around the end of the twentieth century, nanotechnology appeared to be the new breakthrough, after the internet, for example. At that time, more efficient and affordable solar cells, green chemistry, quantum computing, lightweight composite aircraft, cell-size robots for medical applications were expected to be available soon. When the financial milestones did not become real, investors got disappointed and decided to rethink their plans. Yet today the perspectives are surprisingly upbeat. Currently, it is well known that restructuring matter at the nanoscale chemical and thermophysical properties change, so that systems that have no purpose at the macroscale, at the nanoscale become useful. In fact, several applications have already begun to appear such as in the oil and gas sector components, structured coatings, nanofluids, new cancer treatment drugs, and nanoviricides. Computer processor and memory manufacturers are already producing products with 32 nanometer components, so that the first commercial memristor (memory resistor) is expected to be launched at the end of 2013. In the renewable energy area, just to cite a few examples, low energy consumption nanostructured inexpensive LEDs are being developed to potentially last for years, carbon nanotubes have been used to drastically reduce precious materials content in proton-exchange fuel cell (PEMFC) electrodes and increase efficiency, and nanostructured thin films are being developed to boost photovoltaic performance and reduce costs, which demonstrated a 23.5 % efficient flexible solar panel operating a 2 MW pilot line at the National Renewable Energy Laboratory in the US. In comparison to market available 10 % efficient solar panels, this is a remarkable efficiency increase in capturing solar energy for practical use due to nanotechnology. This nanotechnological achievement challenges scientists to possibly change the currently fuel (fossil and bio) energy driven world into a solar energy driven one.

An Approach to Social and Economic Assessment of Resource Regime in an Oil and Gas Sector The Case of the USA )

2012 ◽  
pp. 105-116
Author(s):  
V. Kryukov ◽  
E. Pavlov
Keyword(s):  
Oil And Gas ◽  
Quantitative Estimation ◽  
Economic Assessment ◽  
The United States ◽  
Oil Extraction ◽  
Economic Benefits ◽  
Institutional Factors ◽  
The Us ◽  
The Usa ◽  
Oil And Gas Sector

The paper presents an approach to quantitative estimation of socio-economic benefits from oil extraction (in the US). The approach explicitly distinguishes the contribution of non-institutional and institutional factors. Calculations show that in the United States the influence and dynamics of institutional factors are related to steady deterioration of natural conditions of oil extraction. In general, the US resource regime can be called stimulating, as is evidenced by a small proportion of adverse effects due to preservation of residual oil.

Ways to improve tax administration of major taxpayers of oil and gas sector

2020 ◽  
Vol 23 (9) ◽  
pp. 1064-1076
Author(s):  
O.V. Ovchar
Keyword(s):  
System Analysis ◽  
Oil And Gas ◽  
Import Substitution ◽  
State Regulation ◽  
Tax Administration ◽  
Problems And Solutions ◽  
Original Interpretation ◽  
Instrumental Methods ◽  
Oil And Gas Sector ◽  
Tax Regulation

Subject. Under rapid changes in the external economic environment, new forms and methods of State regulation of oil and gas industries, especially, improving the taxation and tax regulation instruments become relevant. Objectives. The study aims to provide an original interpretation of methods of improving the tax administration of major taxpayers in the oil and gas sector applied at the present stage. Methods. I employ normative and holistic approaches to examine taxation efficiency in the oil and gas sector, general scientific and special methods of scientific cognition, i.e. retrospective, system analysis, observation, classification, instrumental methods of grouping, sampling, comparison and synthesis, as well as evolutionary and dynamic analysis. Results. I consider basic problems and solutions in the sphere of tax administration of major taxpayers of Russian oil and gas industries. The paper offers a package of measures and recommendations aimed at improving the efficiency of tax regulation, underpins the applied approach to tax administration of organizations operating in the oil and gas sector. Conclusions and Relevance. Our country needs a comprehensive program for tax administration of the entire technological cycle: from upstream operations to full-scale import substitution of consumer goods.

“PIRAMIDA TINGGI, A State of the Art to Fulfill Obligation of Forestry Permit on Watershed Rehabilitation at PT Pertamina Hulu Mahakam”

2020 ◽  
Author(s):  
P. Sarwanto
Keyword(s):  
Land Tenure ◽  
Management System ◽  
Web Application ◽  
Local Community ◽  
Oil And Gas ◽  
Cost Optimization ◽  
Field Work ◽  
Development Goals ◽  
Potential Risks ◽  
Oil And Gas Sector

Among other obligations imposed under the forestry permit, watershed rehabilitation planting is perceived by the upstream oil and gas sector as the most complex challenge to conquer. Despite its poor track in fulfilling timeline and required result, there are also other challenges to consider, for instance lack of critical location, weather, fire, land tenure, community habit and capability, and cost optimization. In attempt to respond these challenges, an innovation in management system is constructed at PT Pertamina Hulu Mahakam, embracing and tailoring all related challenges, difficulties, and complexities, escalating the activity to be beyond compliance. So that it will be able to deliver more than merely avoid the identified potential risks towards company. The management system, called PIRAMIDA TINGGI (Pemberdayaan Masyarakat untuk Melestarikan Hutan di Dunia demi Ketahanan Energi Nasional), actively involves government, community, and business sector as equilateral triangle that work together to perform watershed rehabilitation planting. Developed using ISO 9001:2015 process approach namely PDCA (Plan-Do-Check-Act), the PIRAMIDA TINGGI system is in line as well with NAWACITA (President Joko Widodo’s vision, mission and program). To encounter other issue found during field work, this system is equipped as well with another innovation tool named PARIDA, a geospatial mobile-desk top-web application that easily able to map and identify vegetation in real time for further geo-analyzing multi-purposes, to be operated by local community. Full set implementation of this system has benefitted all parties. To Company in form of significant cost efficiency around 13.9 MUSD and 7 days’ faster result delivery besides obligation fulfillment, for others in form of broader advantage of proven sustainability project that has gave contribution to 5P (People, Planet, Prosperity, Partnership and Peace), objectives required by UN Sustainable Development Goals 2030.

Sign in / Sign up

Export Citation Format

Share Document