Effective Taxation Mechanism and Profitability in Fuel and Energy Industry: Case Study of Selected Oil and Gas Companies in Uzbekistan

2017 ◽  
Vol 4 (1) ◽  
pp. 29-33
Author(s):  
Sherzod Jalilov
Keyword(s):  
World Economy ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Energy Industry ◽  
Gas Industry ◽  
Optimal Balance ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Model Based Analysis

Fuel and energy industry rules one of the well-positioned markets in the world economy which supplies planet’s most needed and limited resources with evergrowing demands. Being a marketable supplier and leading movement of large flows of capital requires being surely treated as a leading investor, employer, and taxpayer. Taxation of fuel and energy industry, especially oil and gas industry has been an irreplaceable source of revenue for oil and gas exporting economies. New taxation rules, methods, and types have been regularly introduced to keep an optimal balance between government and company to keep both fiscal and corporate stability. However, taxation always does not stimulate corporate stability and in most cases hinders expansion. Changes in taxation directly effect in profitability and perspectives of the company. This paper examined the impact of taxation on the profitability of oil and gas companies in Uzbekistan. Model-based analysis proved that tax factors negatively influenced the profitability of selected oil and gas companies.

The Impact of News on the MICEX Oil & Gas Index: Textual Analysis

2018 ◽  
Vol 2018 (4) ◽  
pp. 79-99
Author(s):  
Elena Fedorova ◽  
Oleg Rogov ◽  
Valery Klyuchnikov
Keyword(s):  
Oil And Gas ◽  
Pearson Correlation ◽  
Oil And Gas Industry ◽  
Stock Index ◽  
Gas Industry ◽  
Negative News ◽  
The Russian Federation ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Oil Gas

In this study, a relationship between the mood of news and the response of the oil and gas industry index of the Russian Federation was revealed. The empirical base of the study included 8.5 million news from foreign sources. Research methodology: fuzzy sets, naive Bayesian classifier, Pearson correlation coefficient. As a result of the research, it was discovered that: 1) negative news affects the stronger than the positive on the stock index; 2) news on companies affect the value of the index, and news on the industry affect the volume of trading; 3) the sanctions did not significantly affect the coverage of Russian oil and gas companies.

Creating the circular advantage for the oil and gas industry

2016 ◽  
Vol 56 (2) ◽  
pp. 585
Author(s):  
Christopher Coldrick ◽  
Rowan Fenn ◽  
David Sahota
Keyword(s):  
Oil And Gas ◽  
Service Providers ◽  
Real Life ◽  
Oil And Gas Industry ◽  
Repair Process ◽  
Materials Management ◽  
Gas Industry ◽  
Management Processes ◽  
Oil And Gas Companies ◽  
The Impact

Maintenance, repair and operating (MRO) materials typically represent 15–20% of the operating costs for a mature oil and gas asset. Of this, a substantial proportion is comprised of high-value repairable equipment such as motors, compressors and pumps. This equipment is often at bottlenecks in the production process and so the impact of materials cost on profitability is magnified by the production ramifications of an outage. Effective management of this equipment is key to the sustainable, profitable operation of any oil and gas asset, and is key to improving the competitiveness of the Australian industry. Oil and gas companies are adopting a variety of models to handle the repair process, with varying degrees of success. Challenges include: poor materials availability and lack of traceability; complex infield materials management processes resulting in costly wastages; difficulty in managing consistency, suitability and specifications of repairs; high cost for those undertaking the repairs; and, correct allocation of responsibility and risk in the materials management process. Developed in collaboration with Australian oil and gas operators, with input from case studies outside the oil and gas industry, this extended abstract discusses the roles and opportunities for the circular economy in helping companies to meet their sustainability and profitability targets. Using several real-life examples, it makes recommendations for vendors, service providers and operators that can have material impact on the profitability of the industry.

scholarly journals Analyzing the Impact of Covid-19 on the Oil and Gas Industry: A Case Study of Petronas

2021 ◽  
Vol 4 (2) ◽  
pp. 26-33
Author(s):  
Daisy Mui Hung Kee ◽  
Nur Amira Liyana ◽  
Zhang LuXin ◽  
Nur Atikah ◽  
Ninie Alwanis ◽  
...  
Keyword(s):  
Questionnaire Survey ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Price ◽  
Sharp Drop ◽  
Gas Industry ◽  
The World ◽  
The Impact

As a result of the Covid-19 epidemic, every industry in the world has been greatly affected. We took Malaysia's Petronas as an example to analyze how oil and gas industries were impacted by such a difficult international situation. This paper investigated how Covid-19 affected Petronas and how it responded to the sharp drop in oil price. In a questionnaire survey, we listed the problems that Petronas may face in this outbreak.

scholarly journals The Impact of Crisis Management on Employee’s Performance in the Yemeni Oil and Gas Industry

2021 ◽  
Vol 2 (1) ◽  
pp. 16-27
Author(s):  
Ghadah Alariki ◽  
Mohammed Saleh Al-Abed
Keyword(s):  
Regression Analysis ◽  
Crisis Management ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Two Dimensions ◽  
Crisis Preparedness ◽  
Gas Industry ◽  
Crisis Prevention ◽  
Oil And Gas Companies ◽  
The Impact

This study examines the impact of crisis management on employee’s performance in the Yemeni oil and gas industry. Crisis management was measured by two dimensions; crisis preparedness and crisis prevention. Whereas employee’s performance was measured by three diminutions; task performance, adaptive performance, and contextual performance. The study uses a quantitative approach. Questionnaires were used to collect data from 6 oil and gas companies. The sample comprises of 351 participants, out of which 268 (74.23%) responded. The reliability of the instruments was examined and the results of the Cronbach’s Alpha was .906, indicating an excellent reliability. The results of regression analysis reveal that crisis management as the whole independent variable has a significant impact on employee’s performance as dependent variable. Furthermore, the results of regression analysis reveal that there is a significant relationship between crisis management and employee’s performance in terms of crisis preparedness, crisis prevention, and employee’s performance. Essentially, crisis appraisals should include testing as an integral aspect of planning for any eventuality. Ultimately, organizations should install communication units or structures and ensure employees are trained well. This study has made some recommendations for oil and gas companies.

Improving Offshore Platform Production With Artificial Intelligence

2021 ◽  
Author(s):  
Philippe Herve
Keyword(s):  
Artificial Intelligence ◽  
Carbon Emissions ◽  
Oil And Gas ◽  
New Technologies ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Carbon Neutrality ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

Abstract The oil and gas sector is facing a changing market with new pressures to which it must learn to adapt. One of the biggest changes in expectations is the increased focus being placed on carbon emissions. Many consumers, investors, and lawmakers see reforms to the oil and gas industry as one of the most important avenues toward reducing carbon emissions and curbing climate change, and accordingly, a large number of companies have already made ambitious pledges towards carbon neutrality. New technologies may offer the best avenue for oil and gas companies to reduce their carbon emissions and meet those neutrality goals. Digital technologies—and in particular, artificial intelligence—can aid in decarbonization even with relatively small investments, primarily by enabling large increases in efficiency and reducing unscheduled downtime and the need for flaring. This paper discusses how artificial intelligence-powered predictive maintenance can be applied to reduce carbon emissions, and a case study illustrating a real-world deployment of this technology.

scholarly journals Technical and Economic Contributions in the Field of Monitoring and Reducing the Impact of the Oil and Gas Industry on the Environmental Factors

2015 ◽  
Vol 13 ◽  
pp. 233-240 ◽  
Author(s):  
Mădălina Albu
Keyword(s):  
Oil And Gas ◽  
Ecological Impact ◽  
Oil And Gas Industry ◽  
Gas Reservoir ◽  
Gas Industry ◽  
Removal Technologies ◽  
Pollution Removal ◽  
Oil And Gas Reservoir ◽  
The Impact

Like any other industrial activity, the production of hydrocarbons affects the environment both through the performance of actual technological process and through undesired accidents, which may occur.The paper presents technical and economic contributions in the field of monitoring and reducing the ecological impact of petroleum exploitation on the environment and an analysis of technologies used to remove pollution from soils and the subsurface contaminated by hydrocarbons. The first part presents the stream of drilling and production activities and the impact of oil and gas reservoir exploitation on the environment. Also, an assessment of pollution sources and oil industry specific agents is performed.The case study is performed based on the documentation prepared by PETROM S.A., a member of OMV Group, in connection with Moinesti Operating Area, which includes the investigation performed in Cucuieţi structure and on the samples taken from the area and investigates in the specialized laboratories the Oil and Gas University in Ploieşti.In the last part of this paper, the most important conclusions are presented. They outline the strengths and different issues relating to pollution removal technologies that were presented, but also the results of the performed studies.

scholarly journals The Oil & (and) Gas Industry and Land Use Issues in British Columbia

1994 ◽  
pp. 203
Author(s):  
John L. Fingarson ◽  
Robert R. Shouldice
Keyword(s):  
Land Use ◽  
British Columbia ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Provincial Government ◽  
Energy Industry ◽  
Gas Industry ◽  
Policy Initiatives ◽  
The Government ◽  
The Impact

This article provides an overview of the impact of environmental, land use and project review procedures on the regulation of the oil and gas industry in British Columbia. This article discusses the uncertainty that has been created in the industry from the implementation of provincial government land use, project review and environmental policy initiatives. The authors are of the view that the energy industry must actively participate in the processes introduced by the government if it wishes to ensure that its future in British Columbia is properly looked after. The article chronicles developments up to mid-July 1993.

scholarly journals Liquidity and Profitability of Oil and Gas Industry in Malaysia

2019 ◽  
Vol 9 (1) ◽  
pp. 3603-3606
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Price ◽  
Return On Assets ◽  
Gas Industry ◽  
Return On Equity ◽  
Cash Conversion Cycle ◽  
Dependent Variables ◽  
Oil And Gas Companies ◽  
The Impact

This paper aims to reveal the impact of liquidity towards profitability of oil and gas industry in Malaysia. The analysis is based on a sample of 25 oil and gas companies that are listed in Bursa Malaysia for the period of 2012 to 2018. Regression analysis was used to test the impact and the trend of financial position after and before decreasing oil price. The result shows that there is a significant impact of only quick ratio on Return on Assets (ROA), Return on Equity (ROE) and Return on Invested Capital (ROIC). While for the cash conversion cycle, the result shows that there is a negatively and significant on ROA, ROE and ROIC. However, for the current ratio, it shows the result as insignificantly with the three dependent variables; ROA, ROE and ROIC. The main results of the paper demonstrate that each ratio (variable) has a significant impact on the financial positions of oil and gas industry with differing amounts and that along with the liquidity ratios in the first place. In addition, this paper shows the results that after the crisis of dropped in oil price, it’s affected to the oil and gas industry in Malaysia.

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. 

Engaged and energized in the Energy industry

2016 ◽  
Vol 4 (3) ◽  
pp. 345-379 ◽  
Author(s):  
Reimara Valk ◽  
Sandra Hannon
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Energy Industry ◽  
Line Managers ◽  
Gas Industry ◽  
Content Type ◽  
Organisational Context ◽  
The Individual ◽  
Integration Stage

Purpose The purpose of this paper is to explore engagement of flexpatriates on rotational and regular field assignments in the energy industry, theoretically grounded in the “Four Fundamental Pillars of Engagement”. Design/methodology/approach In an exploratory case study within a global organisation in the energy industry, in a post-merger/acquisition integration stage, the authors interviewed 24 rotational and regular field assignees of seven different nationalities, residing at nine different global locations. Findings The results of the case study show that the following newly identified drivers within the “Four Fundamental Pillars of Engagement” are crucial for engagement of flexpatriate rotational and regular field assignees in the energy industry: information, communication and technology; training, learning and growth; support from colleagues and line managers (“capacity to engage”); job ownership/control; respect, recognition and appreciation (“reason to engage”); freedom to be creative and innovative; pride and promises; client satisfaction (“freedom to engage”); alignment between the organisation and the individual (“alignment to engage”), especially in a post-merger and acquisition (M&A) organisational context during a downturn in the oil and gas industry. Research limitations/implications The case study focused on rotational assignees from one particular organisation in the energy industry, which restricts the generalisability of the findings on engagement of rotational assignees to other organisations, industries and geographies. Practical implications Organisations in the energy industry that actively promote engagement of rotational assignees, especially during the post-M&A integration stage and economic turmoil, will strengthen their sustainable global competitive advantage. Originality/value The contribution of this paper is that it presents a refinement and expansion of the drivers of engagement within the “Four Fundamental Pillars of Engagement”, conceptualised in an international post-M&A organisational context during a downturn in the oil and gas industry.

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