Sustainable Recovery: Signs of Recovery?

2021 ◽  
Vol 73 (11) ◽  
pp. 6-7
Author(s):  
Kamel Ben-Naceur
Keyword(s):  
Oil And Gas ◽  
Developing Economies ◽  
Vaccination Campaign ◽  
Public Funding ◽  
Health And Safety ◽  
Technical Conference ◽  
Program Committee ◽  
Economic Recovery ◽  
The World ◽  
General Feeling

The 2021 SPE Annual Technical Conference and Exhibition (ATCE) was held in September as a hybrid (in-person and virtual) event in Dubai with more than 6,000 participants, with the health and safety of the participants being our highest priority. While the number of attendees is lower than in previous years, there was a general feeling that we may finally be getting out of the pandemic situation, after 18 months of a complete trans-formation of the way we work, communicate, and move. Thanks to the Conference Chair Ali Al Jarwan, CEO of Dragon Oil; Program Committee Chair Fareed Abdulla AlHashmi, COO of Dragon Oil; and the ATCE Executive and Program committees for organizing an excellent event under the theme of “The New Oil and Gas Journey: Agility, Innovation, and Value Creation.” The conference included 80 technical sessions, six plenary and panel sessions, and eight special sessions, spanning digitalization, electrification, sustainability, and emerging themes. Our appreciation goes to the sponsors, the exhibitors, the presenters, the volunteers, and the SPE staff. Dubai and the UAE, 1 week before the 2020 World Expo, were great hosts. Congratulations to the winners of the SPE (and AIME) International, Regional, and Student awards (https://jpt.spe.org/spe-honors-2021-international-award-recipients-during-annual-meeting). Many of them were able to travel to Dubai to receive their recognition. The Startup Village Awards, organized in collaboration with Rice University, was also well attended, and the winners were recognized (https://jpt.spe.org/2021-atce-startup-village-competition-winners-announced). The dynamism of the city of Dubai and the country of UAE and their capacity to project themselves in the future with a unique 50-year strategical timeframe that spans the period 2021–2071 never cease to amaze me. The world, including developing economies, has expanded significantly the COVID-19 vaccination campaign, reaching more than 6 billion doses administered, and nearly half of the world has received at least one dose of vaccination as of early October. The “green list” of countries deemed safe for travel is expanding after a summer that has seen a major impact of the COVID-19 Delta variant. Oil and gas demand is recovering for sectors such as transport and industry, even though the airlines may not see pre-pandemic levels of activity before 2025. Massive amounts of public funding injected to fuel the world’s economic recovery have been announced in Europe, the US, and Asia, adding up to trillions of dollars. However, economic recovery from the pandemic will take time, as there is a major backlog in global manufacturing activities impacting consumer markets and creating inflationary pressures.

Dependence on Extractive Industries in Lower-income Countries

2018 ◽  
Author(s):  
Alan Roe ◽  
Samantha Dodd
Keyword(s):  
Oil And Gas ◽  
Developing Economies ◽  
Commodity Price ◽  
Extractive Industries ◽  
Upward Trend ◽  
Middle Income ◽  
Current Dependence ◽  
Lower Income Countries ◽  
Development Prospects ◽  
Low And Middle Income

This chapter synthesizes statistical information evidencing the proposition that extractive industries are of great significance in many low- and middle-income developing economies, and so to their development prospects. It examines the scale of the current dependence of low- and middle-income economies on both types of extractive resources: metals, and oil and gas. The chapter also assesses how country levels of dependence have changed in the past twenty years, showing that there has been a clear upward trend based on exports. The chapter outlines how the upward trend has continued in many countries despite the recent commodity price collapse, and assesses some of the consequences of that collapse.

scholarly journals Drivers of Firm’s Value: Panel Data Evidence from Indian Manufacturing Industry

2015 ◽  
Vol 7 (2) ◽  
pp. 1 ◽  
Author(s):  
Ranjit Tiwari ◽  
Brajesh Kumar
Keyword(s):  
Emerging Economies ◽  
Manufacturing Industry ◽  
Developing Economies ◽  
Panel Regression ◽  
Strategic Choices ◽  
Significant Relation ◽  
Value Drivers ◽  
Book Value ◽  
Earnings Per Share ◽  
The World

<p>The purpose of this paper is to classify the value drivers into broad categories and then identify the major drivers of firm’s value for Indian manufacturing industry and also work out the sectorial sensitivity of value drivers. To achieve the objectives of the study we first derive the value driver’s model next we use panel regression with different model specifications to empirically analyse the major drivers of firm’s value. Our study reveals that sales, net margin, book value, dividend per share, beta and earnings per share are the six major financial drivers of value. All the strategic drivers when included in the model have significant relation with value without disturbing the r-square of the model. Thus, it is clear that apart from generic financial drivers, firms need to put more attention on strategic choices they make, because it is the strategic choice that will give firms an edge over others in developing economies like India. Further, we also observe sector specific priorities of the value drivers. This paper provides academicians and practitioners with an overview of the applicability of value drivers for Indian manufacturing industry. Further, the study will fill the gap in literature by adding value drivers’ evidence from one of the fastest growing economies in the world and will benefit researchers in arriving at common consensus for value drivers in emerging economies. </p>

scholarly journals Modelling the impact of delaying vaccination against SARS-CoV-2 assuming unlimited vaccine supply

2021 ◽  
Vol 18 (1) ◽  
Author(s):  
Marcos Amaku ◽  
Dimas Tadeu Covas ◽  
Francisco Antonio Bezerra Coutinho ◽  
Raymundo Soares Azevedo ◽  
Eduardo Massad
Keyword(s):  
Mathematical Model ◽  
Vaccination Campaign ◽  
Vaccination Rate ◽  
Sao Paulo ◽  
The State ◽  
São Paulo ◽  
Health Authorities ◽  
The World ◽  
The Moment ◽  
The Impact

Abstract Background At the moment we have more than 177 million cases and 3.8 million deaths (as of June 2021) around the world and vaccination represents the only hope to control the pandemic. Imperfections in planning vaccine acquisition and difficulties in implementing distribution among the population, however, have hampered the control of the virus so far. Methods We propose a new mathematical model to estimate the impact of vaccination delay against the 2019 coronavirus disease (COVID-19) on the number of cases and deaths due to the disease in Brazil. We apply the model to Brazil as a whole and to the State of Sao Paulo, the most affected by COVID-19 in Brazil. We simulated the model for the populations of the State of Sao Paulo and Brazil as a whole, varying the scenarios related to vaccine efficacy and compliance from the populations. Results The model projects that, in the absence of vaccination, almost 170 thousand deaths and more than 350 thousand deaths will occur by the end of 2021 for Sao Paulo and Brazil, respectively. If in contrast, Sao Paulo and Brazil had enough vaccine supply and so started a vaccination campaign in January with the maximum vaccination rate, compliance and efficacy, they could have averted more than 112 thousand deaths and 127 thousand deaths, respectively. In addition, for each month of delay the number of deaths increases monotonically in a logarithmic fashion, for both the State of Sao Paulo and Brazil as a whole. Conclusions Our model shows that the current delay in the vaccination schedules that is observed in many countries has serious consequences in terms of mortality by the disease and should serve as an alert to health authorities to speed the process up such that the highest number of people to be immunized is reached in the shortest period of time.

From Economic Miracle to Standort Deutschland: Exchanging Economic Metaphors in the Federal Republic of Germany

2000 ◽  
Vol 18 (2) ◽  
pp. 30-65
Author(s):  
Ben Lieberman
Keyword(s):  
Federal Republic ◽  
German Economy ◽  
Economic Recovery ◽  
Federal Republic Of Germany ◽  
Economic Miracle ◽  
Economic Achievement ◽  
The World ◽  
German Model ◽  
History Of ◽  
The 1950S

The history of the Federal Republic of Germany is closely connected with economic achievement. Enjoying a striking economic recovery in the 1950s, the FRG became the home of the “economic miracle.” Maturing into one of the most powerful economies in the world, it became known as the “German model” by the 1970s. Now, however, the chief metaphor for the German economy is “Standort Deutschland,” and therein lies the tale of the new German problem.

Forecasting the impacts of climate variability: lessons from the rainfed corn market in Ceará, Brazil

2008 ◽  
Vol 13 (2) ◽  
pp. 201-227 ◽  
Author(s):  
ARIASTER B. CHIMELI ◽  
FRANCISCO DE ASSIS DE SOUZA FILHO ◽  
MARCOS COSTA HOLANDA ◽  
FRANCIS CARLO PETTERINI
Keyword(s):  
Climate Variability ◽  
Developing Economies ◽  
Arid Zone ◽  
Well Being ◽  
Policy Makers ◽  
Local Climate ◽  
The World ◽  
Forecast Models ◽  
Climatic Impacts ◽  
Semi Arid

ABSTRACTA number of studies show that climatic shocks have significant economic impacts in several regions of the world, especially in, but not limited to, developing economies. In this paper we focus on a drought-related indicator of well-being and emergency spending in the Brazilian semi-arid zone – rainfed corn market – and estimate aggregate behavioral and forecast models for this market conditional on local climate determinants. We find encouraging evidence that our approach can help policy makers buy time to help them prepare for drought mitigating actions. The analysis is applicable to economies elsewhere in the world and climatic impacts other than those caused by droughts.

A Comparison of Double Block and Bleed Technologies

2012 ◽  
Author(s):  
Angus Bowie
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
The World ◽  
Maintenance Activities ◽  
True Definition ◽  
Plant Shutdown

Double Block and Bleed is a term often used in the oil and gas industry to define a level of isolation sufficient to perform maintenance activities. The true definition relates to incumbent valves providing two proven levels of isolation against the outboard pressure to permit breaching of containment in the isolated pipe. This paper assesses how temporary isolation devices can provide equivalent isolation where incumbent valves do not exist at appropriate locations in the system. It reviews the different interpretations of Double Block and Bleed used within the industry and compares how different isolation devices are assessed in relation to the level of isolation they provide. It will reference several examples from around the world of where temporary isolation devices have been used to replace valves and perform repairs in trunk pipelines without depressurising the whole pipeline. It will also cover examples of isolating live process pipe to perform maintenance activities outside plant shutdown.

POSSIBILITIES OF REALIZATION OF SERVICE SECTOR POTENTIAL IN THE GLOBAL ECONOMY

2021 ◽  
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Trade ◽  
Gross Domestic Product ◽  
Global Economy ◽  
World Economy ◽  
Service Sector ◽  
Developing Economies ◽  
Domestic Product ◽  
Trade In Services ◽  
Services Sector ◽  
The World

The relevance of the study is due to the growing role of services in the world economy. Trade in services has become the dominant driver of economic growth and development in both developed and developing economies. Since the 1980s, data suggest that there is a stronger relationship between trade in services and gross domestic product (GDP) than in the case of commodity growth and GDP. It is noted that the quality of policies, regulations and institutional frameworks is a key factor in determining the effectiveness of services. As services are increasingly subject to liberalization through multilateral and regional trade agreements, it is important that countries develop harmonized approaches to internal regulation and trade liberalization in the services sector. The article identifies the features and characteristics of the service sector as a factor of multifaceted development and growth. The dynamics of international trade in services by geographical structure and types of development of countries is studied on the basis of statistical data of international organizations, taking into account the impact of the pandemic. It is noted that international trade in services is becoming an increasingly important part of global commerce. The problematic aspects of the activity of small business entities to enter foreign markets of services are considered. The issue of urgency of digital economy development for the sphere of services and contribution to world markets is outlined. Opening up the services sector has the potential to bring great benefits and deserves more attention. Further prospects for the realization of entrepreneurial potential in a comprehensive global economy are outlined. It is noted that services are an important part of the world economy, generating more than two-thirds of world gross domestic product (GDP), attracting more than three-quarters of foreign direct investment in developed economies, and creating most of new jobs worldwide. Establishing effective coordination mechanisms between trade negotiators, policymakers and regulators will be an important tool for the development of the global economy.

Sign in / Sign up

Export Citation Format

Share Document