Meetings Administration and Corporate Success of Oil and Gas Companies Operating in Port Harcourt, Rivers State

2019 ◽  
Vol 4 (2) ◽  
pp. 12-20
Author(s):  
Tantua , Ebikebina ◽  
Brown , Gladys Michael
Keyword(s):  
Oil And Gas ◽  
Port Harcourt ◽  
Rivers State ◽  
Oil And Gas Companies

scholarly journals PROJECT RISK AVOIDANCE AND PROJECT EXECUTION IN NIGERIA OIL AND GAS INDUSTRY [PENGHINDARAN RISIKO PROYEK DAN PELAKSANAAN PROYEK DI INDUSTRI MINYAK DAN GAS di NIGERIA]

2020 ◽  
Vol 15 (2) ◽  
pp. 171
Author(s):  
Ike Egboga ◽  
Gift Worlu
Keyword(s):  
Oil And Gas ◽  
Rank Order ◽  
Oil And Gas Industry ◽  
Risk Avoidance ◽  
Project Risk ◽  
Gas Industry ◽  
Rivers State ◽  
Oil And Gas Companies ◽  
The Relationship

<p>This study sought to examine the relationship between project risk avoidance and project execution in the Nigerian oil and gas industry. Specifically, the study examined the relationship between project risk avoidance and four components of project execution (budget, quality, schedule and scope) among 51 oil and gas companies operating in Rivers State, Nigeria. To achieve this objective, 102 managing executives were given questionnaires, with 82 questionnaires correctly filled and returned. Data obtained were analysed using mean scores and Spearman’s rank order correlation analysis. The study found that projects risk avoidance was positively and significantly related to all four components of project execution. The main implication of this finding is that oil and gas companies need to invest heavily in innovative technologies and processes that will enhance their ability to avoid risk, thus improving the quality of projects they execute.</p><p> </p><p><em><strong>Abstrak dalam Bahasa Indonesia.</strong>Studi ini berusaha untuk menguji hubungan antara proyek penghindaran risiko dan eksekusi proyek di industri minyak dan gas Nigeria. Secara spesifik, studi tersebut meneliti hubungan antara proyek penghindaran risiko dan empat komponen eksekusi proyek (anggaran, kualitas, jadwal dan ruang lingkup) di antara 51 perusahaan minyak dan gas yang beroperasi di Negara Bagian Rivers, Nigeria. Untuk mencapai tujuan ini, 102 eksekutif pelaksana diberikan kuesioner, dengan 82 kuesioner diisi dan dikembalikan dengan benar. Data yang diperoleh dianalisis menggunakan skor rata-rata dan analisis korelasi urutan peringkat Spearman. Studi tersebut menemukan bahwa penghindaran risiko proyek berhubungan positif dan signifikan dengan keempat komponen pelaksanaan proyek. Implikasi utama dari temuan ini adalah bahwa perusahaan minyak dan gas perlu berinvestasi besar-besaran dalam teknologi dan proses inovatif yang akan meningkatkan kemampuan mereka untuk menghindari risiko, sehingga meningkatkan kualitas proyek yang mereka jalankan.</em></p>

scholarly journals Assessment of Some Haematological, Coagulation and Immune Parameters among Male Oil Refinery Workers in Port Harcourt, Nigeria

2021 ◽  
pp. 32-41
Author(s):  
Ehiaghe-Shepherd, Bridget Obofoni ◽  
Christian, Serekara Gideon ◽  
Eze, Evelyn Mgbeoma
Keyword(s):  
Platelet Count ◽  
Cell Count ◽  
Prothrombin Time ◽  
Oil And Gas ◽  
Oil Refinery ◽  
Control Subjects ◽  
Immune Parameters ◽  
Port Harcourt ◽  
Significant Difference ◽  
Rivers State

Aim: The aim of this study was to assess the levels of some hematological, coagulation and immune parameters among male oil refinery workers in Port Harcourt, Nigeria. Study Design: This study is a cross-sectional study. Place and Duration of Study: Rivers State University Teaching Hospital (RSUTH), Port Harcourt, Shell Petroleum Development Company of Nigeria Limited and Modular Oil Refinery, Rivers State, between January 2021 and September 2021. Methodology: A total of one hundred (100) subjects (50 oil and gas workers as test subjects and 50 non-oil and gas workers as control subjects), were enrolled in the study. The convenient sampling technique was employed in the study. Venous blood samples were collected from all subjects and tested for Prothrombin Time (PT), Activated Partial Thromboplastin Time (APTT), Fibrinogen concentration, Full Blood Count (FBC) (Haemoglobin (Hb), Packed Cell Volume (PCV), Total White Blood Cell (WBC) count, Lymphocyte, Neutrophils, monocytes and Platelet Count), CD4 cell count, CD3 cell count and CD8 cell count. Data generated were analyzed statistically using Graph-Pad Prism, Version 8.0.2. Results: There was statistically significant decrease (P<.001) in Prothrombin time (PT) (11.55±0.73s), International Normalized Ratio (INR) (0.85±0.05), Fibrinogen (202.4±27.4mg/dl), Platelet count (185.6±37.1(103/μl)) and Neutrophils (46.6±6.4%) in oil refinery workers exposed to gas flare, while there was a statistical significant increase in APTT (31.8±4.15s), Hb (13.7±1.0g/dl), PCV (41.1±3.2%), Monocytes (8.4±3.0%) in subjects exposed to gas flare over control subjects with Prothrombin time(12.23±0.82s), INR(0.90±0.06), Fibrinogen(252.0±57.0mg/dl), platelet count(213.3±49.5(103/μl)) and Neutrophils(52.6±11.7%). Other parameters showed no statistical significant difference at P<.05 in both test and control subjects. Comparison of the mean ± standard deviation of the studied parameters in test subjects based on age using Analysis of Variance showed no statistically significant difference in all parameters at P<.05. Also, Comparison of the mean ± standard deviation of the studied parameters in test subjects based on duration of Exposure using Analysis of Variance showed a significant decrease in CD8 cells as the years of exposure increase (2-5years exposure = 865±319, 6-10years exposure = 579±288, 11-20 years exposure = 591± 286, F- Value = 3.869, P- Value = 0.0278). Conclusion: In conclusion, based on the findings, some haematogical, coagulation and immune parameters increased while others decreased in male oil refinery workers and duration of exposure can also be considered as a risk factor and age was considered not a risk factor as to cause any aberrations in the studied parameters.

scholarly journals Design and Cost Optimization of Heat Exchangers Network System in a Typical Brewery Plant

2020 ◽  
Vol 5 (3) ◽  
pp. 245-251
Author(s):  
Shadrack Uzoma Mathew ◽  
Tamzor Lebari Aban
Keyword(s):  
Heat Exchangers ◽  
Oil And Gas ◽  
Cost Optimization ◽  
Production Capacity ◽  
Network System ◽  
Heat Exchanger Design ◽  
Port Harcourt ◽  
Pinch Technology ◽  
Gross Energy ◽  
Rivers State

Heat exchanger design and cost optimization had been carried out for Pabod Brewery, Port Harcourt, Rivers State, Nigeria using Pinch Technology as process application method. The gross energy expenditure by the plant is 10.44MW at production capacity of 400,000 liters of beer per day. On quantitative aggregate 6.157MW goes for heating and 4.267MW for cooling. A temperature pinch or minimum approach temperature (ΔTmin) of 100C, minimum heating utility of 5.04MW and cooling utility of 3.09MW were recorded. Energy upturn of 1.08MW and 1.23MW for the hot and cold flows were measured. This finding correlates to energy conservationS of 18% for hot utility and 21% for the cold utility. Overall improvement in capital and annualized costs of 39% was achieved for the hot and cold utilities. The researchers strongly recommend the outcome of this research to process applications in brewery, chemical, petrochemical, oil and gas industries.

scholarly journals Finding a Balance between Mood and Energy Level in a Rotational Work System

2021 ◽  
pp. 113-120
Author(s):  
Uloaku Okeke ◽  
Eucharia Oluchi Nwaichi ◽  
Princewill Chukwuemeka Stanley
Keyword(s):  
Energy Level ◽  
Social Isolation ◽  
Oil And Gas ◽  
Percentage Frequency ◽  
Work System ◽  
Port Harcourt ◽  
Mental Wellness ◽  
Strongly Agree ◽  
Oil And Gas Companies ◽  
The Impact

The impact of rotational work system on the mood and energy level among Oil and Gas workers was evaluated. The design was set in Port Harcourt metropolis Nigeria and questionnaire, cohort session and interviews were the instruments deployed. Questionnaires were administered to randomly selected workers from international Oil and Gas Companies located in Port Harcourt, Questions that bothered on the effect of rotational work on the mood and energy level of Oil and Gas workers were posed. It was observed that 38.8% and 41.2% agree and strongly agree that their mood is affected on site while 13.8% remained neutral. Interestingly, over 80% of Oil and Gas workers agreed to feeling of anxiety from the interview and cohort sessions. 40% and 43.8% of workers agree and strongly agree respectively that rotational work does affect their energy on site. Obtained median of 4 means that over 50% of the response belongs to the category that agree strongly agree while a mode of 5 has more responses in the category of strongly agree which is in agreement with results from the percentage frequency. Rotational workers were affected by absence from family and loved ones, social isolation and constant reminder of hazard and working in hazardous environment with work pressures and unrealistic deadlines. These cause depression and general dissatisfaction with life. Results from interviews revealed neglect of mental wellness of workers. The Oil and Gas workers are willing to face these hazards because of the economic gains arising from their work, however provision of recreational amenities and making policies that bring the Oil and Gas workers back home every seven days forbidding the schedule of trainings and workshops during time off duty will make rotational work more bearable.

scholarly journals Employee Resourcing and Performance of Selected Oil and Gas Companies in Rivers State of Nigeria

2016 ◽  
Vol 6 (4) ◽  
pp. 094-102
Author(s):  
Chinedu Uzochukwu Onyeizugbe ◽  
◽  
Lilian O. Orogbu ◽  
Ike Felix Ossai ◽  
Keyword(s):  
Oil And Gas ◽  
And Performance ◽  
Rivers State ◽  
Oil And Gas Companies

An integrated economic analysis of the oil and gas companies of Russia

2019 ◽  
Vol 18 (5) ◽  
pp. 925-943
Author(s):  
I.V. Filimonova ◽  
◽  
L.V. Eder ◽  
V.Yu. Nemov ◽  
M.V. Mishenin ◽  
...  
Keyword(s):  
Economic Analysis ◽  
Oil And Gas ◽  
Oil And Gas Companies

Minerals as an object of accounting and economic security of the oil and gas company implementing the production sharing agreement

2020 ◽  
Vol 23 (11) ◽  
pp. 1291-1312
Author(s):  
N.V. Zyleva
Keyword(s):  
Oil And Gas ◽  
Economic Security ◽  
The State ◽  
Professional Judgment ◽  
Production Sharing ◽  
Security Service ◽  
Geological Information ◽  
Oil And Gas Companies ◽  
Mineral Reserves ◽  
Economic Risks

Subject. This article discusses the practice of ensuring the economic security of oil and gas companies operating under the terms of production sharing agreements, where minerals are the object of security. Objectives. The article aims to justify the need to apply professional judgment in the organization of reliable accounting of minerals, explored and extracted under the terms of the production sharing agreement implementation, to avoid various risks to the entity's economic security. Methods. For the study, I used the methods of deduction and modeling. Results. The article presents proposals to arrange accounting of intangible exploration assets (geological information on mineral reserves) and finished products (the part of the extracted minerals owned by the investor and the part owned by the State). Conclusions. As strategic minerals, oil and gas are the targets of various economic risks. Professionals familiar with the specifics of accounting operations in the implementation of the production sharing agreement should be prepared to prevent these risks. The results obtained can be used to design accounting policies and develop local regulations on the tasks and functions of the economic security service of the organization implementing the production sharing agreement.

Analyzing the figures of consolidated statement of cash flows of the world's biggest publicly traded oil and gas corporations

2020 ◽  
Vol 19 (6) ◽  
pp. 1101-1120
Author(s):  
O.V. Shimko
Keyword(s):  
Public Sector ◽  
Cash Flow ◽  
Oil And Gas ◽  
Cash Flows ◽  
Annual Reports ◽  
Capital Expenditures ◽  
Publicly Traded ◽  
The Public ◽  
Statement Of Cash Flows ◽  
Oil And Gas Companies

Subject. The article investigates key figures disclosed in consolidated cash flow statements of 25 leading publicly traded oil and gas companies from 2006 to 2018. Objectives. The focus is on determining the current level of values of the main components of consolidated statement of cash flows prepared by leading publicly traded oil and gas companies, identifying key trends within the studied period and factors that led to any transformation. Methods. The study draws on methods of comparative and financial-economic analysis, as well as generalization of materials of consolidated cash flow statements. Results. The comprehensive analysis of annual reports of 25 oil and gas companies enabled to determine changes in the key figures and their relation in the structure of consolidated cash flow statements in the public sector of the industry. It also established main factors that contributed to the changes. Conclusions. In the period under study, I revealed an increase in cash from operating activities; established that capital expenditures in the public sector of the industry show an overall upward trend and depend on the level of oil prices. The analysis demonstrated that even integrated companies’ upstream segment prevail in the capital expenditures structure. The study also unveiled an increase in dividend payments, which, most of the time, exceeded free cash flows thus increasing the debt burden.

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