scholarly journals Analyzing PSU’s Performance: A Case from Ministry of Petroleum and Natural Gas of India

2013 ◽  
Vol 2013 ◽  
pp. 1-9 ◽  
Author(s):  
Chia-Nan Wang ◽  
Lei-Chuan Lin ◽  
Dhanabalan Murugesan
Keyword(s):  
Natural Gas ◽  
Numerical Study ◽  
Energy Industry ◽  
Grey Theory ◽  
Data Envelopment ◽  
Oil Consumption ◽  
Private Company ◽  
Energy Scenario ◽  
Gas Consumption ◽  
Energy Companies

The high economic growth in the past few years and increasing industrialization coupled with a burgeoning population have created a lot of concern for India’s energy scenario. India’s crude oil production has not shown significant growth in the last 10 or more years whereas its refining capacity has grown by more than 20% over the last 5 years. Oil consumption is growing at approximately 4.1% per year and natural gas consumption is growing at 68% per year. Therefore, evaluation performances and pushing energy companies to improve become important issues. The purpose of this research is of evaluation the performance of Indian energy industry under multiple different inputs and outputs criteria. The data envelopment analysis (DEA) and grey theory are used to conduct this study. There are total 14 public sector undertakings (PSUs) under this industry and no any private company. However, only 10 of them are mature enough to be published in India stock markets. Therefore, the realistic data of all 10 companies are used for this evaluation. The results demonstrate that Gas Authority of India Limited (GAIL), Chennai Petroleum Corporation Limited (CPCL), and Oil India Limited (OIL) are the top 3 of ranking influences. This integrated numerical study gives a better “past-present-future” insights into evaluation performance in India energy industry.

scholarly journals Level of Accumulated Depreciation of Energy Companies’ Assets

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Maria SIERPIŃSKA
Keyword(s):  
Natural Gas ◽  
Nuclear Fuel ◽  
Production Capacity ◽  
Energy Industry ◽  
Internal Source ◽  
Energy Transformation ◽  
Tax Base ◽  
Fixed Assets ◽  
Environmental Goals ◽  
Energy Companies

The paper presents the degree of accumulated depreciation of fixed assets in Polish energy companies against the background ofglobal energy companies. The coal-fired energy units used in the Polish energy industry are outdated and require replacement. Inthe course of the energy transformation, they will be replaced with energy from renewable sources, natural gas and nuclear fuel. Thetransformation of the energy sector will allow the achievement of climate and environmental goals. Depreciation charged to expenseis an internal source of financing for processes of restoration of the production capacity. However, the Accounting Act and the IncomeTax Act provide for different methods of calculating depreciation, which means that not all depreciation is tax-deductible and that itdoes not reduce the tax base. Reducing the discrepancies in legal solutions regarding the calculation of depreciation in companies maystimulate the implementation of the processes of energy transformation.

Introduction to this special section: Exploration geophysics in China

2019 ◽  
Vol 38 (8) ◽  
pp. 596-596
Author(s):  
Yongyi Li ◽  
Xiaogui Miao ◽  
Shoudong Huo ◽  
Jianwei Ma ◽  
Danping Cao
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Special Section ◽  
Petroleum Industry ◽  
Gas Production ◽  
Oil Consumption ◽  
Oil And Gas Production ◽  
Oil And Natural Gas ◽  
Gas Consumption ◽  
Natural Gas Consumption

China ranks second and third in global oil and natural gas consumption, and fifth and sixth in global oil and natural gas production, respectively ( U.S. EIA, 2018 ). In the past 25 years, China's oil consumption has increased 3.5 times, and natural gas consumption is rising rapidly as well. China is increasing its investment in the petroleum industry, with a goal of significantly expanding domestic oil and gas production. Complex geology, rough surface conditions, and the need to explore deep targets, unconventional resources, and offshore reservoirs pose great challenges to geophysical exploration. Geophysical technologies in China thus have advanced significantly in data acquisition, processing, and interpretation. To demonstrate the development and applications of geophysical technologies in the exploration, development, and production of oil and gas resources, we invited academic and industry experts to present recent studies on exploration geophysics in China.

scholarly journals Probing the Energy-Environmental Kuznets Curve Hypothesis in Oil and Natural Gas Consumption Models Considering Urbanization and Financial Development in Middle East Countries

Energies ◽  
2021 ◽  
Vol 14 (11) ◽  
pp. 3178
Author(s):  
Haider Mahmood ◽  
Nabil Maalel ◽  
Muhammad Shahid Hassan
Keyword(s):  
Saudi Arabia ◽  
Natural Gas ◽  
Oil Consumption ◽  
Long Run ◽  
Negative Effect ◽  
Short Run ◽  
Oil And Natural Gas ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
Positive Effect

Economic growth, urbanization, and financial market development (FMD) may increase energy demand in any economy. Non-renewable sources of energy consumption, i.e., oil consumption and natural gas consumption (NGC), could have environmental consequences. We examine the effects of economic growth, urbanization, and FMD on the oil consumption and NGC in Middle East countries using the period 1975–2019. In the panel results, we found a positive effect of income and a negative effect of income-squared on oil and natural gas consumption. Hence, we corroborate the existence of the environmental Kuznets curve (EKC) hypothesis in oil and natural gas consumption models of the Middle East region. Urbanization has a positive effect on oil and natural gas consumption. FMD has a positive effect on oil consumption and has a negative effect on NGC. From the long-run, country-specific results, we validate the existence of the EKC hypothesis in the oil consumption models of Iran and Iraq. The EKC is also found in the natural gas consumption models of Iran, Kuwait, and the UAE. From the short-run results, the EKC hypothesis is validated in the oil consumption models of Iran, Iraq, and Israel. The EKC is also corroborated in the NGC models of Iran, Kuwait, and the UAE. In the long run, urbanization has a positive effect on oil consumption in Iraq, Kuwait, Saudi Arabia, and Qatar. Further, urbanization has a positive effect on the NGC in Iraq, Israel, and Saudi Arabia. Conversely, urbanization has a negative effect on oil consumption in Israel. In the short run, urbanization has a positive effect on oil consumption in Iraq, Israel, Kuwait, and Qatar. Moreover, urbanization has a positive effect on the NGC in Iraq. On the other hand, urbanization has a negative effect on oil consumption in Saudi Arabia and Iran. In the long run, FMD has a positive effect on oil consumption in Saudi Arabia and Israel. In the short run, FMD has a positive effect on oil consumption in Israel, Kuwait, and Saudi Arabia. In contrast, FMD has a negative effect on oil consumption in the UAE. Moreover, a positive effect of FMD on NGC is found in the UAE. However, FMD has a negative effect on the NGC in Israel.

scholarly journals Barriers to energy sustainability: A case study from Ukraine

2021 ◽  
Vol 307 ◽  
pp. 05004
Author(s):  
Anatoliy Goncharuk ◽  
Veronika Khudolei ◽  
Olena Stanislavyk ◽  
Vadym Yatsyshyn ◽  
Yuliia Semenchuk
Keyword(s):  
Natural Gas ◽  
Ethical Issues ◽  
Energy Sustainability ◽  
Middle Income ◽  
Gas Tax ◽  
The People ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
Energy Companies

Sustainability goals imply not only economic and environmental components, but also a social one. The energy business around the world is profitable and economically viable, but it does not always bring appropriate benefits to a society. Besides, some governments, instead of protecting the interests of the population, turn a blind eye and generate injustice in relation to some parts of society in collaboration with energy companies. This paper examines one of the cases when the authorities pursue an unfair policy and contribute to the growth of inequality in society through regulating the natural gas tariffs. The paper considers a case of natural gas consumption and its unfair taxation by the Ukrainian government, which the authors called “gas tax”. A statistical analysis of this case revealed that honest middle-income taxpayers (middle class) are at the most disadvantageous position because they have to pay for utilities at the highest price. The paper also discusses a number of challenges and ethical issues related to the payment of gas tax. All these challenges should become arguments for revising the gas tax, making it less painful for the people and fair.

Research of pressure influence in the gas supply system on the energy consuption level of gas devices

2019 ◽  
Vol 6 (2) ◽  
pp. 56-63
Author(s):  
L. D. Pylypiv ◽  
І. І. Maslanych
Keyword(s):  
Natural Gas ◽  
Residential Buildings ◽  
Supply System ◽  
Normal Operation ◽  
Gas Combustion ◽  
Efficient Operation ◽  
Gas Consumption ◽  
Natural Gas Combustion ◽  
Gas Supply

There are investigated the influence of operating pressures in the gas supply system on the level of such energy indicators as efficiency, gas flow and gas overrun by gas equipment in residential buildings. There is established a relationship between the values of operating pressures in the gas supply system and the gas consumption level of household appliances. The causes of insufficient pressure in the gas networks of settlements are analyzed in the article. There is also developed an algorithm for calculating the change in the efficiency of gas appliances depending on the operational parameters of the gas network. It has been found that the most efficient operation of gas appliances is observed at an overpressure at the inlet of gas appliances of about 1200 Pa.To ensure the required quality of natural gas combustion among consumers and minimize gas consumption there are justified the following measures in the article: coordinating a domestic regulatory framework for assessing the quality of natural gas with international norms and standards; improving the preparation of gas coming from local wells before supplying it to gas distribution networks; auditing low pressure gas pipelines and reconstructing areas affected by corrosion; ensuring standard gas pressure in the network for the normal operation of domestic gas appliances; stating quality indicators of natural gas combustion by gas sales organizations.

EXPERIENCE, PROSPECTS AND PROBLEMS OF COOPERATION BETWEEN CHINA AND TURKMENISTAN IN THE FIELDOF NATURAL GAS

2019 ◽  
pp. 323-329
Author(s):  
Y. JIA
Keyword(s):  
Natural Gas ◽  
Central Asia ◽  
Oil And Gas ◽  
The European Union ◽  
Multilateral Cooperation ◽  
Industrial Chain ◽  
The Usa ◽  
Gas Consumption ◽  
Slow Progress ◽  
Natural Gas Consumption

Since 2007, the use of natural gas in China depends on the import, and with an increase in natural gas consumption, gas imports are also constantly growing. In 2018, Chinas natural gas imports approached 100 billion cubic meters, which is 70 times more than in 2006. In recent years, increasing attention has been paid to the use of natural gas in China. Turkmenistan is Chinas main source of pipeline gas imports, and China is Turkmenistans largest exporter of natural gas. In the framework of the traditional model of oil and gas cooperation, China and Turkmenistan are facing such problems as the uniform content of cooperation, lack of close ties in the field of multilateral cooperation and slow progress in the development of the entire industrial chain. Cooperation between China and Central Asia in the field of oil and gas is increasingly affecting the nerves of other countries, except the five countries of Central Asia, but including Russia, Afghanistan, Pakistan, India, Iran and other countries of the Middle East, Japan, South Korea, etc. and even the European Union and the USA. Despite the favorable trading environment for both parties, there are also problems in the domestic market of Turkmenistan and the risks of international competition.

scholarly journals Developments and Trends of Mergers and Acquisitions in the Energy Industry

Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2158
Author(s):  
Karolis Andriuškevičius ◽  
Dalia Štreimikienė
Keyword(s):  
Mergers And Acquisitions ◽  
Cost Reduction ◽  
Driving Forces ◽  
Energy Industry ◽  
Business Climate ◽  
Climate Conditions ◽  
Thomson Reuters ◽  
Green Development ◽  
Energy Companies ◽  
Political Economic

Developments, trends, business climate, conditions, factors influencing the efficiency and results of mergers and acquisitions (M&A) in the energy sector are explored in this research. PESTLE (political, economic, social, technological, legal, environmental) analysis was performed in order to determine the driving forces of M&As in the energy industry. Considering the motivation and main questions of the study, a sample of global M&A deals that have occurred during the period 1995–2020 has been analyzed. DataStream 5.1 database by Thomson Reuters was employed to identify the sample of global energy companies that took over another company in the period 1995–2020. According to the research, while the role and presence of M&As in the energy industry are increasing, the purpose of the M&A deals has changed remarkably. During 1995–2010, most M&A events were conducted in order to explore synergies and benefit from cost reduction. Since the last decade, firms are pursuing M&As in the search of growth opportunities, ensuring supply and reflecting demand for green development of ecological environment and ongoing changes in the nature of energy.

Forecasting the daily natural gas consumption with an accurate white-box model

Energy ◽  
2021 ◽  
pp. 121036
Author(s):  
Nan Wei ◽  
Lihua Yin ◽  
Chao Li ◽  
Changjun Li ◽  
Christine Chan ◽  
...  
Keyword(s):  
Natural Gas ◽  
Box Model ◽  
Gas Consumption ◽  
Natural Gas Consumption
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