scholarly journals Best practices and process improvement. An application for the transfer and management of knowledge to the transportation of hydrocarbons in ECOPETROL

2015 ◽  
Vol 13 (2) ◽  
pp. 33-54
Author(s):  
Julio César Acosta Prado ◽  
Jaime Andrés González Valencia
Keyword(s):  
Best Practices ◽  
Latin American ◽  
Process Improvement ◽  
Value Of Information ◽  
Oil And Gas ◽  
Useful Knowledge ◽  
The World ◽  
Operations And Maintenance ◽  
Oil And Gas Companies ◽  
Oil Company

Knowledge’s processes enrich the information bringing value to organizations. These formal or informal, processes increase the value of information and useful knowledge of people and organizations. Therefore, in order to identify good practices that promote the improvement of processes for the implementation of knowledge management in the area of transport hydrocarbon, this exploratory study it perform on ECOPETROL, Colombia's largest oil company. Due to its size, it belongs to 40 largest oil and gas companies in the world´s group and recognize as one of the four major in Latin American. The study target the workshops developed within the Operations and Maintenance teams using the methodology of the Knowledge Assurance Guide. The results show positive impacts identifying best practices that support process improvement in the tactical, strategic and operational levels.

Decommissioning: taking control of your committed investment

2018 ◽  
Vol 58 (2) ◽  
pp. 739 ◽  
Author(s):  
Robin Polson
Keyword(s):  
Best Practices ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Board Members ◽  
Window Of Opportunity ◽  
Australian Government ◽  
Community Groups ◽  
Gas Industry ◽  
Challenges And Opportunities ◽  
Oil And Gas Companies

At the APPEA 2017 Conference in Perth, Bernadette Cullinane and Susan Gourvenec drew our attention to the looming challenge for Australia’s oil and gas industry in decommissioning its aging assets (Cullinane and Gourvenec 2017). While Cullinane and Gourvenec’s paper focussed on the experience challenge for the Australian industry, this paper will drill down to explore the funding and financial challenges and opportunities for decommissioning in the decades ahead. In approaching the decommissioning of their assets, oil and gas companies must consider a broad range of stakeholders, beyond their immediate shareholders and board members. As we have seen in the development of new projects, Australian Government, environmental organisations and community groups, all have increasingly significant impact. These stakeholders have been considered and managed with (at best) varying degrees of effectiveness in the recent past. This impact will continue to grow for decommissioning of existing assets. However, right now, with few decommissioning projects in play, the industry has a limited window of opportunity to set the agenda for how, when and under what kind of funding arrangements and financial structures decommissioning can take place. By getting ahead of the game and establishing best practices from the outset, the industry can demonstrate to Australian Government, environmental organisations and community groups a level of commitment and accountability that will allow us to move ahead on decommissioning, with reduced outside interference. The window of opportunity is closing. The time to act is now.

Comparative analysis of the efficiency of oil–producing companies in Russia and the world

2020 ◽  
Author(s):  
Arina E. Link ◽  
◽  
Mikhail V. Mishenin ◽  
Keyword(s):  
Comparative Analysis ◽  
Oil And Gas ◽  
Distinctive Features ◽  
Foreign Companies ◽  
The World ◽  
Tax Deductions ◽  
Cost Of Production ◽  
Oil And Gas Companies ◽  
First Time ◽  
Oil And Gas Sector

The study compares domestic and foreign companies in the oil and gas sector for the first time and identifies the distinctive features of each group. The results of calculations showed that the profit of any large oil and gas company is affected by revenue, cost of production and the amount of tax deductions. Moreover, the refinancing rate of the country where the company is registered is important for the activities of oil and gas companies.

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 Development of Optimum Portfolio for Investment in Oil & Gas Sector (Investor’s View)

2019 ◽  
Vol 15 (2) ◽  
pp. 110-130
Author(s):  
Sumeet Gupta ◽  
Sourav Basak
Keyword(s):  
Renewable Energy ◽  
Crude Oil ◽  
Oil And Gas ◽  
Solar Power ◽  
Stock Exchange ◽  
Risk And Return ◽  
Markowitz Model ◽  
The World ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

With establishment of International Solar Alliance in New Delhi and due to the push given to renewable energy by the current government India has opened new dimension for innovation, investment and industry. This government has made a significant effort to push India’s renewable energy ambition. Due to this push India is now the 4th largest wind power producer in the world only behind of China, USA & Germany. India has made record addition to the solar power capacity in last 5 years. Although the recently concluded Financial Year (FY19) has shown a dip in installation of solar power with only 6500MW installed in the year. With this trend in the country the researchers are focusing on the scenario of renewable energy in India. So, the papers which are recently made available in the public domain are concerned with the current scenario. The surge in renewable energy is a good sign for the nation as renewable is the future. Though the rising demand of the fastest growing economy of the world can’t be satisfied with this growth in renewable energy. In simply words, the growth of the renewable energy is not enough to sustain the growth of the Indian economy. This statement is supported by the growing dependence of India on imported crude oil. Dependence of imported crude oil has gone up to 83.7% in Financial Year 19 from 82% in FY18. Hence, it can be said that the oil and gas sector is not getting the required focus. Development of an optimum portfolio to minimize risk and maximize return is required before taking any investment decision. Portfolio optimization is required when you think of investing in oil and gas sector as its one of the most volatile sectors. This study is focused on developing an optimum portfolio for investment in oil and gas sector in India. Hence, 11 companies listed on Bombay Stock Exchange is selected for the study. Risk and return of all the 11 companies are calculated. The companies are ranked according to their risk. Weightage of investment is assigned to the top 5 companies (with lowest risk). The study has been conducted to construct an optimum portfolio of oil and gas companies using Markowitz Model. The study has been conducted on individual securities listed in Bombay Stock Exchange (BSE). The objectives of this study are: Risk and return analysis of individual securities of oil and gas companies in India listed with BSE. To identify the opportunities of investment in oil and gas companies and development of an optimum portfolio for investment in these companies. To construct optimal portfolio using Markowitz Model. To check whether Markowitz Model performs well in Oil and gas companies well in BSE or not.

scholarly journals How will energy transition impact the major EU natural gas suppliers?

2020 ◽  
Vol 73 (1) ◽  
pp. 15-42
Author(s):  
Maria Olczak
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Energy Transition ◽  
Clean Energy ◽  
Business Strategies ◽  
Low Carbon ◽  
The World ◽  
New Challenges ◽  
Oil And Gas Companies ◽  
Carbon Gases

This paper focuses on the adaptation strategies of two major EU natural gas suppliers – Gazprom and Equinor – to new challenges imposed by the clean energy transition. Oil and gas companies around the world have already started to adjust their business strategies, inter alia, by investing in renewable energy. The recently proposed European Green Deal adds additional decarbonisation pressure to the gas sector with the increasing supply of renewable and low-carbon gases and the reduction of energy-related methane emissions.

scholarly journals Las empresas latinoamericanas del sector del petróleo y gas ante la información sobre sostenibilidad. Latin American oil and gas corporations and the sustainability information.

2016 ◽  
Vol 10 (1) ◽  
pp. 39
Author(s):  
Arturo Haro de Rosario ◽  
Laura Saraite ◽  
Carmen Caba Pérez ◽  
María del Mar Gálvez Rodríguez
Keyword(s):  
Latin American ◽  
Low Income ◽  
Oil And Gas ◽  
Economic Consequences ◽  
Indigenous Populations ◽  
Oil Reserves ◽  
The Social ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector ◽  
Latin American Countries

<p><strong>Resumen:</strong></p><p>El sector del petróleo y gas es un sector económico estratégico con repercusiones a escala global. Sin embargo, una de las principales limitaciones de esta industria radica en las características de las regiones en las que opera, ya que a menudo se trata de zonas geográficas de elevada importancia bioclimática, zonas con poblaciones indígenas o sectores rurales sumidos en la pobreza. Esto ha generado que los stakeholders presten cada vez más atención a las implicaciones sociales, naturales y económicas de las actividades del sector del petróleo y gas.</p><p>Así las cosas, teniendo en cuenta que los países latinoamericanos cuentan con las mayores reservas convencionales mundiales de petróleo, el presente artículo tiene como objetivo cuantificar la información voluntaria sobre sostenibilidad que divulgan las empresas petroleras y gasíferas que operan en Latinoamérica.</p><p> </p><p><strong>Abstract:</strong></p><p> The oil and gas sector is a strategic area of the economy with global repercussions.</p><p>This industry faces a major handicap, namely the characteristics of the regions in which it operates, which are often geographic areas of great bioclimatic importance, or inhabited by indigenous populations, or comprised of very low income rural sectors.</p><p>In response, stakeholders are paying ever greater attention to the social, natural and economic consequences of oil and gas sector activities.</p><p>Taking into consideration that Latin American countries possess the largest conventional oil reserves in the world, this paper aims to quantify the sustainability information disclosed voluntarily by oil and gas companies operating in Latin America.</p>

Oil and Petroleum Spill Waste Management Problems

2020 ◽  
Vol 24 (12) ◽  
pp. 66-71
Author(s):  
E.A. Mazlova ◽  
I.A. Merisidi
Keyword(s):  
Best Practices ◽  
Waste Management ◽  
Management Strategy ◽  
Oil And Gas ◽  
Material Resources ◽  
Secondary Pollution ◽  
Management Problems ◽  
The Cost ◽  
Oil And Gas Companies

The main approaches to planning activities for the management of waste spills, based on best practices, developed by oil and gas companies and associations, are analyzed. The problems of the accumulation and disposal of waste spills, the problems of preparing the waste for further disposal methods are indicated. The variety of spill waste does not allow to determine a universal way to manage this waste, therefore it seems necessary to develop a response and management strategy and include potential material resources for their disposal, equipment and technologies in the OSR plans, in order to avoid secondary pollution and minimize the cost of eliminating spills.

APPLICATION OF DIGITAL TECHNOLOGIES IN THE OIL AND GAS INDUSTRY

2020 ◽  
Vol 2 (11) ◽  
pp. 16-29
Author(s):  
V. V. EROKHIN ◽  
Keyword(s):  
Oil And Gas ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Joint Stock Company ◽  
Stock Company ◽  
Gas Industry ◽  
Advantages And Disadvantages ◽  
Oil And Gas Companies ◽  
Oil Company

The article presents practical aspects of using digital technologies in practice by various oil and gas companies. The advantages and disadvantages of certain digitalization technologies are considered, digital solutions are proposed that can be applied to Public Joint Stock Company Rosneft Oil Company (the Company). It has been determined that there are a number of digital technologies that have the potential to reduce costs and increase the efficiency of Company.

scholarly journals Between social footprint and compliance, or “what IBAMA wants”

Focaal ◽  
2020 ◽  
Vol 2020 (88) ◽  
pp. 40-57
Author(s):  
Iselin Åsedotter Strønen
Keyword(s):  
Oil And Gas ◽  
Processing Industry ◽  
Corporate Organization ◽  
Brazilian Legislation ◽  
Hands On ◽  
Poor Women ◽  
Context Shape ◽  
Oil And Gas Companies ◽  
Seafood Processing ◽  
Oil Company

This article analyzes an “Environmental Education Project” run by the Norwegian state oil company Equinor targeting poor women in the seafood processing industry along the coastline adjacent to Equinor’s off shore Peregrino field in Brazil. The project is a prerequisite for Equinor’s operating license, as required by Brazilian federal environmental authorities. I analyze the broader sociopolitical territory within which the project is implemented, how it is discursively framed and institutionally implemented within Equinor Brazil, and how this conjoins with the Brazilian state’s regulatory framework. I argue that Brazilian legislation and the hands-on approach of authorities uphold Equinor’s commitment to the project and bolster Equinor’s CSR practitioners’ capacity to defend it within the corporate organization. The analysis demonstrates how national legislation and political context shape international oil and gas companies’ approaches to CSR.

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