Changes in institutional design and extraction path

2018 ◽  
Vol 23 (4) ◽  
pp. 478-494
Author(s):  
Mohammad Kemal ◽  
Ian Lange
Keyword(s):  
Renewable Resources ◽  
Oil And Gas ◽  
Institutional Design ◽  
Gas Extraction ◽  
South East Asia ◽  
Level Data ◽  
Ownership Rights ◽  
East Asia Region ◽  
The Impact ◽  
Oil Company

AbstractThe impact of oil governance on the extraction path of non-renewable resources is theoretically ambiguous. By employing field-level data in the South East Asia region, we utilize a change in the institutional design of oil governance in Indonesia to determine its impact on oil and gas extraction paths. From the empirical results, we infer that the move to create a separate regulatory agency and make the national oil company a purely business entity led to a reduction in the extraction path of oil, the size of which varies for different sizes of resource stock. This finding reiterates the importance of strengthening ownership rights for non-renewable resources to avoid over-extraction and facilitate more sustainable economic outcomes.

scholarly journals Assessment of TPHs and PAHs in the Marine Sediment Relating to Oil and Gas Extraction activity on the western coastline of Qatar

2020 ◽  
Author(s):  
Maryam Abdulali Abdulla
Keyword(s):  
Marine Sediment ◽  
Oil And Gas ◽  
Sediment Quality ◽  
Arabian Gulf ◽  
Dry Weight ◽  
Petroleum Products ◽  
Total Petroleum Hydrocarbons ◽  
Gas Extraction ◽  
Quality Guidelines ◽  
The Impact

Total petroleum hydrocarbons (TPHs) and Polycyclic aromatic hydrocarbons (PAHs) are priority pollutants which are known to be associated with petroleum products. They are released into the marine environment via accidental spillage, exploration and transportation. The present study aims to assess the impact of petroleum and gas extraction activities on the pollution of coastal marine sediment of the western coastline of Qatar. Sixty-six surface sediment samples were collected along the western coastal area. The concentration of organic hydrocarbons (TPHs and PAHs) were determined using GC-FID and GC-MS, respectively. Sediment characteristics including pH, temperature, TOC and particle size were also measured. The results indicated low concentrations of TPH (<0.001-0.246 μg/g dry weight sediment) and PAHs (<0.001-0.044 μg/g dry weight sediment). The concentrations for both organic pollutants were lower compared to the previous studies done within Qatar and in the Arabian Gulf and also indicated below the available permissible limit set by the Ministry of Municipality and Environment of Qatar and other sediment quality guidelines (SQGs) used worldwide (NOAA).

Global Oil Spills and Oiled Wildlife Response Effort: Implications for Oil Spill Contingency Planning

2014 ◽  
Vol 2014 (1) ◽  
pp. 1524-1544 ◽  
Author(s):  
Andrew David Morgan ◽  
Katherine Shaw-Brown ◽  
Ian Bellingham ◽  
Anna Lewis ◽  
Mitch Pearce ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Oil Spills ◽  
Transport Infrastructure ◽  
Regulatory Agencies ◽  
Contingency Planning ◽  
Gas Extraction ◽  
Maritime Transport ◽  
Response Effort ◽  
Maritime Operations ◽  
The Impact

ABSTRACT Over the last century there has been a significant increase in the number and size of oil spills to the marine environment due to the global proliferation of oil and gas extraction as well as the number of tankers and other maritime transport infrastructure associated with increased production. Efforts have traditionally been focussed on containment and deflection of oil rather than responding to wildlife. The present study examines total oiled wildlife effort in response to maritime spills for 286 recorded globally. Between 1910 and 1961 there was an average of 1.23 ± 0.43 incidents per year, spilling an average of 114,062 ± 352,512 tonnes of oil per year. These averages increased to 3.83 ± 2.65 events with 123,277 ± 166,735 tonnes of oil spilt per year from 1962 to 1990, and again, from 1991 to 2012 to 6.50 ± 5.17 events with 164,299 ± 290,655 tonnes of oil spilt per year. Offshore platform and tanker spills have accounted for 37% and 27% of this total, respectively. Of the 104 recorded instances where wildlife interactions occurred (40%), spill volume was not related to the total number of animals caught, oiled or pre-emptively; however, it was related to the number of carcasses collected. A lack of planning for Oiled Wildlife Response (OWR) was identified as a contributing factor exacerbating the impact of a spill on wildlife and for resourcing a response. Inadequacies within operator and government contingency planning, to prepare for and sustain a wildlife response for extended periods, can be overcome by using a mobilisation model that integrates wildlife carer networks, government regulatory agencies and operator resourcing via an independent coordinating organisation consisting of a small group of personnel highly experienced and trained in maritime operations and marine science with access to a network of persons with experience in responding to wildlife and their handling, treatment and rehabilitation.

Mitigating the impact of the COVID-19 pandemic on progress towards ending tuberculosis in the WHO South-East Asia Region

2020 ◽  
Vol 9 (2) ◽  
pp. 95
Author(s):  
Vineet Bhatia ◽  
ParthaPratim Mandal ◽  
Srinath Satyanarayana ◽  
TjandraYoga Aditama ◽  
Mukta Sharma
Keyword(s):  
East Asia ◽  
South East Asia ◽  
East Asia Region ◽  
The Impact

Market attractiveness of oil and gas companies as a factor affecting the socio-economic development in regions of their business operations

2021 ◽  
Vol 20 (1) ◽  
pp. 124-141
Author(s):  
Sergei G. MARICHEV
Keyword(s):  
Economic Development ◽  
Oil And Gas ◽  
Global Market ◽  
Market Capitalization ◽  
Oil Refineries ◽  
Oil Companies ◽  
Socio Economic Development ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Oil Company

Subject. I address the impact of market capitalization of oil and gas companies on their contribution to the socio-economic development of regions of presence. Objectives. The purpose is to determine to what extent the factor of high market capitalization of the oil company is crucial in the changing the market environment. Methods. The study draws on methods of economic and statistical analysis. Results. I considered the current state of the Russian oil industry in the context of tax maneuver, and the future evolution of the oil and gas sector from the perspective of government authorities’ desire to develop oil refineries. I performed the financial analysis of operations of two large regional oil companies, namely, Bashneft and Tatneft, examined their contribution to the regions of presence in accordance with the level of market capitalization and ownership structure. The paper highlights the key factors, influencing the contribution of companies to the socio-economic development of regions. Conclusions. In addition to the unfavorable global market conditions, changes in the taxation of oil companies in Russia in the form of tax maneuver are the additive factors that negatively affect the profitability of the industry as a whole. The growth of oil companies’ capitalization has a positive impact on their contribution to the development of regions of presence, depending on the specifics of equity structure. In the face of adverse external factors, the influence of high market capitalization of the oil company reduces drastically due to cumulative decline in business profitability.

scholarly journals SPATIO-TEMPORAL CHARACTERISTICS OF SEA LEVEL ANOMALY IN THE INDONESIAN WATER

GEOMATIKA ◽  
2019 ◽  
Vol 25 (2) ◽  
pp. 103
Author(s):  
Dina Anggreni Sarsito ◽  
Dudy Darmawan Wijaya ◽  
Nur Fajar Trihantoro ◽  
Muhammad Syahrullah Fathulhuda ◽  
Dhota Pradipta
Keyword(s):  
Sea Level ◽  
Geographical Location ◽  
Sea Surface Height ◽  
Sea Surface ◽  
Sea Level Anomaly ◽  
Level Data ◽  
Mean Sea Surface ◽  
Spatio Temporal ◽  
East Asia Region ◽  
The Impact

<p>Indonesia is an archipelago state lies between Indian and Pacific Oceans at the South East Asia region. Its unique geomorphological and geographical setting affect variabilities of instantaneous sea surface height (ISSH) concering to one of the sea reference surface i.e mean sea surface height (MSSH). The differences between both heights, known as sea level anomaly (SLA), can be recognized as one of the parameter that describes the dynamic phenomena of the ocean. We investigated the Spatiotemporal characteristics of long-term SLA in this research based on 30 years of sea-level data derived from the multi-mission of satellite Altimetry (Topex/Poseidon, Jason-1, Jason-2 and Jason-3). The Spatiotemporal of SLA characteristics in Indonesian waters indicate substantial variations due to the influences of geographical location, bathymetric depth, and seasonal patterns. The SLA rate in the Indonesian region provides values that vary between 3.4 mm/yr to 5.3 mm/yr that higher than 3.2 mm/yr global SLA rate. The impact caused by the phenomenon needs to be taken into account given the vulnerability and disaster that could endanger the islands and coastal area in Indonesia. <strong></strong></p>

scholarly journals Uncovering Norway’s regional disparities with respect to natural riches

REGION ◽  
2015 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Sevil Acar ◽  
Burhan Can Karahasan
Keyword(s):  
Regional Development ◽  
Natural Resource ◽  
Regional Differences ◽  
Oil And Gas ◽  
Value Added ◽  
Forest Resources ◽  
Gas Extraction ◽  
Income Generation ◽  
Resource Type ◽  
The Impact

This study aims at unveiling regional development differences in Norway with respect to various natural resource-based activities that take place in the NUTS 3 regions. Norway’s natural riches range from agricultural and forest resources to fisheries, mines, petroleum and gas. Considering the possible spatial links for various regional characteristics of the Norwegian economy, this study does not only reveal the wide-ranging distribution of resource-based activities, but also sheds light on divergent income and population patterns in the Norwegian regions. Besides, these patterns are investigated through a number of models that test the impact of employment, investment and value added in natural resource sectors on regional differences. The main findings suggest that mining and quarrying as well as oil and gas extraction activities generate significant advantages for regional income generation whereas each resource type affects the distribution of population in a different way.

scholarly journals PERAN ASSOCIATION OF SOUTHEAST ASIAN NATIONS DALAM PEMBENTUKAN HUKUM PERDAGANGAN INTERNASIONAL DI KAWASAN ASIA TENGGARA

2020 ◽  
Vol 13 (2) ◽  
pp. 173-184
Author(s):  
Endra Wijaya ◽  
Ricca Anggraeni ◽  
Andi Ardillah Albar
Keyword(s):  
International Trade ◽  
East Asia ◽  
Southeast Asian ◽  
South East Asia ◽  
Legal Form ◽  
Legal Personality ◽  
Trade Law ◽  
International Trade Law ◽  
East Asia Region ◽  
The Impact

AbstractThis article focuses on how Association of Southeast Asian Nations (ASEAN) plays its role in forming the international trade law in South-East Asia, and the readiness of Indonesia in response to such developing ASEAN’s role. This article uses doctrinal legal research method, also with legal and conceptual approach. ASEAN has significant role in international trade law development, especially in this era of ASEAN Economic Community (AEC). AEC has been running effectively since 2015, and it focuses in regulating several main issues, namely, establishment of free flow of goods, services, investment, capital, and movement of professionals or skilled labors within South-East Asia region. The conclusion is ASEAN, as an international organization, gains its legal personality in the time ASEAN Charter was established and come into force effectively. Having legal personality makes ASEAN able to create certain international legal form, including in the form of treaty or international agreement. In relation to that, ASEAN has been issuing several international agreements regarding economic activity or international trade activity within South-East Asia region, but the impact is such agreements also contain liberal values and it strongly indicated has been penetrating Indonesia as a sovereign state. In response to such condition, Pancasila, as Indonesian state philosophy, should be referred to. Keywords: international treaty; legal personality; Pancasila as idea of lawAbstrakArtikel ini berfokus pada persoalan peran ASEAN dalam pembentukan hukum perdagangan internasional di kawasan Asia Tenggara, dan juga bagaimana kesiapan Indonesia dalam merespons peran ASEAN tersebut. Metode penelitian yang digunakan ialah metode penelitian hukum doktrinal, dan dengan menggunakan pendekatan legal dan konseptual. ASEAN memainkan peran yang signifikan dalam dinamika hukum perdagangan internasional, terlebih lagi saat Masyarakat Ekonomi ASEAN (MEA) sudah berlaku secara efektif. Pemberlakuan MEA yang dimulai pada tahun 2015, secara garis besar, berfokus pada pengaturan beberapa hal pokok, yaitu perihal menciptakan “aliran bebas” lalu lintas barang, jasa, investasi, modal, dan tenaga kerja terampil. Untuk menjamin terlaksananya lalu lintas tanpa hambatan itu, ASEAN membentuk beberapa perjanjian internasional yang secara substansi mengatur tentang lalu lintas barang, jasa, investasi, modal, dan tenaga kerja terampil di kawasan Asia Tenggara. Kajian ini menyimpulkan bahwa personalitas hukum ASEAN baru diperoleh saat Piagam ASEAN mulai berlaku secara efektif, dan sejak saat itu, ASEAN sebagai organisasi internasional mulai banyak memproduksi pengaturan mengenai perdagangan internasional, terutama dalam bentuk perjanjian internasional. Perjanjian-perjanjian internasional tersebut mengandung semangat bagaimana menciptakan kawasan Asia Tenggara menjadi jalur lalu lintas yang bebas bagi aktivitas perekonomian atau perdagangan internasional. Namun, keberadaan perjanjian-perjanjian internasional itu juga justru mengindikasikan bahwa liberalisasi sedang melakukan penetrasinya ke dalam Negara Indonesia yang berdaulat. Untuk merespons keadaan tersebut, maka yang diperlukan oleh Indonesia ialah kembali kepada cita hukum Pancasila sebagai pedoman. Kata kunci: cita hukum Pancasila; perjanjian internasional; personalitas hukum

scholarly journals Assessment of the Impact of the Adverse Economic Geopolitical Environment on the Worth of Russian Oil and Gas Companies

2018 ◽  
Vol 8 (2) ◽  
pp. 30-43 ◽  
Author(s):  
V. S. Lipatnikov ◽  
K. A. Kirsanova
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Oil Industry ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Market Capitalization ◽  
The Cost ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Oil Company

The relevance of the chosen topic is connected to the fact that in the conditions of value-based management, market capitalization acts as a key indicator of the company efficiency. At the present time, when the Russian oil and gas industry has become the object of international sectoral sanctions, the identification of the impact of these sanctions on the domestic oil and gas companies’ value is of great practical importance. The article considers the cost of oil and gas companies and the impact of sectoral sanctions and negative dynamics of oil prices. The study was conducted using econometric modeling tools. For analysis 4 of the oil company with the largest market share, namely PJSC “Rosneft Oil Company”, PJSC “LUKOIL”, JSC “Gazprom Neft” and PJSC “Tatneft”, which in the aggregate represent 62% of the entire Russian oil industry, were selected. The features of valuation of Russian oil and gas companies are covered. The sanctions in the oil and gas industry of the Russian Federation are considered, the consequences of their introduction and the fall of the world oil price are analysed. The analysis to determine the impact of the cost of oil and gas companies from international sanctions and oil prices. It was found that in the oil industry market capitalization depends directly on the price of oil, and in the gas industry this impact is absent. It was discovered that due to the low level of oil prices, the sanctions did not have a significant influence on the cost of oil and gas companies. 

Consideration of Geopolitical Challenges within the Analysis of Geoenvironmental Risks for Oil and Gas Development of the Russian Arctic

2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Optimal Operation ◽  
The Arctic ◽  
Stage Model ◽  
Oil And Gas Development ◽  
Gas Industry ◽  
The Impact ◽  
Further Development ◽  
Geopolitical Risks

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest

Sign in / Sign up

Export Citation Format

Share Document