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

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in size and performance, but are often companies with perceived board weakness, those that are considered to adhere to outdated corporate governance, those whose strategic direction is in question or those that have an under-performing share price, though other factors can also be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.

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Value Management and Performance in Selected Oil and Gas Companies in South-South, Nigeria

Journal of Economics Management and Trade ◽

10.9734/jemt/2017/35108 ◽

2017 ◽

Vol 18 (4) ◽

pp. 1-18

Author(s):

Onyeizugbe Uzochukwu ◽

Ike Felix ◽

Stella Enaini

Keyword(s):

Oil And Gas ◽

Value Management ◽

And Performance ◽

Oil And Gas Companies

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Training and Job Security in Oil and Gas Companies in Rivers State, Nigeria

10.7176/ejbm/13-23-08 ◽

2021 ◽

Keyword(s):

Oil And Gas ◽

Job Security ◽

Rivers State ◽

Oil And Gas Companies

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Theoretical and practical aspects of assessment of innovative activity in oil and gas enterprises

Russian Journal of Industrial Economics ◽

10.17073/2072-1634-2020-4-531-540 ◽

2020 ◽

Vol 13 (4) ◽

pp. 531-540

Author(s):

M. V. Rybin ◽

D. S. Lobov

Keyword(s):

Life Cycle ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Innovative Activity ◽

Gas Industry ◽

The Innovative Management ◽

And Performance ◽

Key Indicators ◽

Oil And Gas Companies ◽

Oil And Gas Enterprises

Analysis of theoretical and practical aspects of assessment of innovative activity at national and foreign oil and gas enterprises revealed the necessity of improvement of the existing tools which include the lists of key indicators of efficiency and performance applied within the innovative development programs of the Russian companies. Thereby the authors analyzed national and foreign research paying the most serious attention to theoretical aspects of innovative activity assessment. Among them of greatest interest is the complex approach to application of metrics in scientific and technical development of a company. The authors have also studied the conceptual apparatus and the main terms for the problems under consideration. As a result, the research confirmed the idea that the practice of applying the lists of key indicators of innovative activity in oil and gas industry does not coincide with the results of academic works and the innovative management theory: the current methods are primarily aimed at assessment of the results of innovative activity, several stages of the life cycle of creation of innovation are not subject to monitoring. At the same time lists of key indicators of innovative activity make it possible for the company’s management to estimate economic and resource effects of innovations which corresponds to strategic interests of oil and gas companies.Lists of indicators of efficiency and performance of innovative activity can be improved by means of national and foreign research. It is important to involve more metrics which make it possible to monitor all the life cycle of creation and implementation of innovative solutions.The results of the study can be used as the basis for further research on improvement and development of the lists of key indicators of innovative activity of oil and gas companies.

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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]

DeReMa (Development Research of Management) Jurnal Manajemen ◽

10.19166/derema.v15i2.2581 ◽

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

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. Abstrak dalam Bahasa Indonesia.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.

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Environmental rating of oil and gas companies in Russia: How assessment affects environmental transparency and performance

Business Strategy and the Environment ◽

10.1002/bse.2049 ◽

2018 ◽

Vol 27 (7) ◽

pp. 1023-1038 ◽

Cited By ~ 4

Author(s):

E. Shvarts ◽

A. Pakhalov ◽

A. Knizhnikov ◽

L. Ametistova

Keyword(s):

Oil And Gas ◽

And Performance ◽

Oil And Gas Companies

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Environmental Cost Reporting and Performance of Nigerian Oil and Gas Downstream

African Journal of Accounting and Financial Research ◽

10.52589/ajafr/vqrp7g8k ◽

2021 ◽

Vol 4 (2) ◽

pp. 26-54

Author(s):

Giami Isaac Baribefe

Keyword(s):

Oil And Gas ◽

Stock Exchange ◽

Research Work ◽

Least Square ◽

Environmental Cost ◽

Sales Volume ◽

Return On Assets ◽

Ordinary Least Square ◽

And Performance ◽

Oil And Gas Companies

This research work examined the relationship between environmental cost reporting and performance of Nigerian oil and gas downstream companies quoted on the Nigerian stock exchange for the period 2011 to 2020. The study adopted historical data design and census sampling techniques was used in studying the entire population. Four hypotheses were tested using multiple regression analyses with the help of ordinary least square and the findings revealed that, amount spent on waste management /remediation has a negative and insignificant relationship with growth in sales volume as well as return on asset. Amount spent on compensation also has negative and insignificant relationship with both growth in sales volume and return on assets. It was however recommended that oil and Gas companies continue to manage their waste and include community development in their decision making in line with global best practices to keep them socially acceptable as these will ensure a symbiotic relationship among the various stakeholders.

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