Comparison of Psychological Distress, Life Satisfaction and Workplace Bullying Between Site and Office Workers in Oil and Gas Industry

2021 ◽  
Author(s):  
Diah Kusumawati ◽  
Dadan Erwandi ◽  
Fatma Lestari ◽  
Abdul Kadir

Abstract In recent years, various industries become increasingly aware of the importance of mental health. Mental health is closely related to the management of psychosocial hazards in the workplace. The oil and gas industry is considered to be one of the laggards in the management of workers’ psychosocial hazards and mental health even though mental health is considered to affect workers’ health and operational safety. Workplace bullying is a phenomenon that can give adverse effects to individual workers and the organization. For workers, bullying can interfere with physical health, psychological stress, and satisfaction with life and work. This paper discusses prevalence of workplace bullying, psychological stress, and satisfaction with life of workers in the upstream oil and gas industry. The phenomenon experienced by workers on Sites is compared with the experience of the office workers in this paper, with no significant differences found between the incidence of bullying and satisfaction with life between the two populations. On the other hand, there is a significant difference in the psychological stress and chronic diseases reported by the respondents. Site workers experience higher psychological stress and more reported chronic health disorders than the office workers.

2020 ◽  
Vol 60 (1) ◽  
pp. 10
Author(s):  
Anna Feringa ◽  
Nada Wentzel

The oil and gas industry is known for its strong commitment to safety which often focuses on process safety, physical safety and behaviour, with little attention to mental health. Mental health is a growing issue. It impacts decision making, increases the likelihood of human error which can result in the loss of lives and environmental destruction. If not addressed properly, it can cause excessive stress, anxiety, depression, trauma or even suicide. Mental health is one of the biggest risks to the oil and gas industry today. Research shows that one in five workers suffer from a mental health issue at some point in time during their lives. Experts believe these statistics are higher for workers in the oil and gas industry due to the nature of the work – long working hours, isolation, being away from friends and family, feeling under high pressure to avoid mistakes due to the potentially devastating consequences and being a male dominated industry. Investment in mental health is currently often limited to Employee Assist Programs, RUOK days or wellbeing initiatives. What is needed is a total strategic and integrated approach which organisations can customise to their specific needs, distinct from a series of individual initiatives. By learning from leading practices, other industries and extending experience from building effective safety cultures within the oil and gas industry to mental health, a total strategic approach is presented which will enable organisations build their own customised blueprint and smash the stigma surrounding mental health.


2020 ◽  
Vol 164 ◽  
pp. 09028
Author(s):  
Irina Filimonova ◽  
Anna Komarova ◽  
Anastasia Chebotareva

The article presents an analysis of performance indicators of companies in the oil and gas industry of Russia in 2013-2018. The aim of the study is to decompose the factors of change in the return on equity (ROE) of Russian oil and gas companies. The authors used the Dupont method to identify the main factors affecting ROE. After decomposing the ROE into factors, the authors evaluated their impact using the Logarithmic Mean Divisia Index (LMDI-1). As a result of the study, it was found that in most companies the greatest impact on the change in ROE has a return on sales, primarily as a result of revenue growth due to favorable oil prices and positive exchange rate differences. Simultaneously, sales profitability has a positive effect on the index of almost all companies in the industry. Asset turnover also had only a positive effect on ROE. However, a comparison of the results for 2017 and 2018 showed a significant difference in performance for many companies. Thus, we can conclude that the effect of a certain factor on the profitability of sales largely depends on the development strategy of the company for the coming year, the economic and political situation.


2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.


2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.


2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest


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