Age Doesn't Matter: Digitizing the as-is Condition of Brownfield Assets is Part of a Leaner & Greener Future

2021 ◽  
Author(s):  
Lee Tedstone
Keyword(s):  
Data Sharing ◽  
Oil And Gas ◽  
Critical Path ◽  
Business Case ◽  
Digital Transformation ◽  
Competitive Market ◽  
Skilled Workers ◽  
Sustainability Performance ◽  
Digital Twin ◽  
Oil And Gas Sector

Abstract The energy sector is facing more challenges than ever before – from the impacts of the pandemic on already low margins, to Environmental, Social and Governance pressures mounting to gain investment and attract skilled workers in a competitive market. Over past year, the oil and gas sector has accelerated a critical path to digital transformation, paving its way to a more agile, greener future. Data-sharing and collaboration enabled through the Digital Twin helps companies drive efficiency, which in turn creates opportunities to improve sustainability performance, even on legacy assets. This presentation will demonstrate how moving to Digital Twin technology is a viable brownfield solution to many of the industries pressing challenges today. It will also make the business case for how digitalization and digital twin connectivity are not only possible on a brownfield asset but also, why it is critical to meet the needs of the plant of the future.

scholarly journals Business Case for Integrated Reporting in the Nigerian Oil and Gas Sector

2013 ◽  
Vol 7 (1) ◽  
pp. 30 ◽  
Author(s):  
Tajudeen J. AYOOLA ◽  
Omoneye O. OLASANMI
Keyword(s):  
Best Practice ◽  
Oil And Gas ◽  
Secondary Data ◽  
Business Case ◽  
Business Strategies ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Performance Reporting ◽  
Oil And Gas Sector ◽  
Distorted Form

The oil and gas sector is the mainstay of the Nigerian economy, accounting for over 95% of its revenue. The study therefore examines the business case for the adoption of Integrated Reporting in the sector. Secondary data<br />were sourced from the annual reports and stand-alone sustainability reports of the six multinational companies operating in the Nigerian oil and gas sector. The results found that efforts to address environmental, social and governance reporting (ESG) were adhoc, short term and unrelated to the core activities of the corporations and as such were not integrated into their business strategies and model. Information on ESG was also duplicated over many medium in a haphazard and distorted form. The study therefore concluded that the introduction of integrated reporting will streamline performance reporting that is in line with international best practice in the sector.

scholarly journals DIGITAL TRANSFORMATION IN THE OIL AND GAS SECTOR DURING COVID-19 PANDEMIC

2020 ◽  
Vol 11 (12) ◽  
Author(s):  
Burkan Hawash ◽  
Yousef I Abuzawayda ◽  
Umi A Mokhtar ◽  
Zawiyah M Yusof ◽  
Muaadh Mukred
Keyword(s):  
Oil And Gas ◽  
Digital Transformation ◽  
Oil And Gas Sector

Shortage of Skills in the Labor Market: Limited Supply, Lack of Demand, or False Signals from Employers?

2004 ◽  
pp. 76-94 ◽  
Author(s):  
V. Gimpelson
Keyword(s):  
Labor Market ◽  
Competitive Market ◽  
Skilled Workers ◽  
Industrial Enterprises ◽  
Russian Industry ◽  
General Skills ◽  
Limited Supply

The article discusses the issue of shortage of skills in the Russian industry. Using microdata from a survey of industrial enterprises, the author confirms that most of employers complain of difficulties in hiring and attaching skilled workers. In case of mass occupations, this shortage relates mostly to low efficient enterprises, which are unable or unwilling to pay competitive market going wage. More efficient and better paying firms are less likely to face shortage of general skills on the labor market but may face limited supply of specific skills.

Ways to improve tax administration of major taxpayers of oil and gas sector

2020 ◽  
Vol 23 (9) ◽  
pp. 1064-1076
Author(s):  
O.V. Ovchar
Keyword(s):  
System Analysis ◽  
Oil And Gas ◽  
Import Substitution ◽  
State Regulation ◽  
Tax Administration ◽  
Problems And Solutions ◽  
Original Interpretation ◽  
Instrumental Methods ◽  
Oil And Gas Sector ◽  
Tax Regulation

Subject. Under rapid changes in the external economic environment, new forms and methods of State regulation of oil and gas industries, especially, improving the taxation and tax regulation instruments become relevant. Objectives. The study aims to provide an original interpretation of methods of improving the tax administration of major taxpayers in the oil and gas sector applied at the present stage. Methods. I employ normative and holistic approaches to examine taxation efficiency in the oil and gas sector, general scientific and special methods of scientific cognition, i.e. retrospective, system analysis, observation, classification, instrumental methods of grouping, sampling, comparison and synthesis, as well as evolutionary and dynamic analysis. Results. I consider basic problems and solutions in the sphere of tax administration of major taxpayers of Russian oil and gas industries. The paper offers a package of measures and recommendations aimed at improving the efficiency of tax regulation, underpins the applied approach to tax administration of organizations operating in the oil and gas sector. Conclusions and Relevance. Our country needs a comprehensive program for tax administration of the entire technological cycle: from upstream operations to full-scale import substitution of consumer goods.

“PIRAMIDA TINGGI, A State of the Art to Fulfill Obligation of Forestry Permit on Watershed Rehabilitation at PT Pertamina Hulu Mahakam”

2020 ◽  
Author(s):  
P. Sarwanto
Keyword(s):  
Land Tenure ◽  
Management System ◽  
Web Application ◽  
Local Community ◽  
Oil And Gas ◽  
Cost Optimization ◽  
Field Work ◽  
Development Goals ◽  
Potential Risks ◽  
Oil And Gas Sector

Among other obligations imposed under the forestry permit, watershed rehabilitation planting is perceived by the upstream oil and gas sector as the most complex challenge to conquer. Despite its poor track in fulfilling timeline and required result, there are also other challenges to consider, for instance lack of critical location, weather, fire, land tenure, community habit and capability, and cost optimization. In attempt to respond these challenges, an innovation in management system is constructed at PT Pertamina Hulu Mahakam, embracing and tailoring all related challenges, difficulties, and complexities, escalating the activity to be beyond compliance. So that it will be able to deliver more than merely avoid the identified potential risks towards company. The management system, called PIRAMIDA TINGGI (Pemberdayaan Masyarakat untuk Melestarikan Hutan di Dunia demi Ketahanan Energi Nasional), actively involves government, community, and business sector as equilateral triangle that work together to perform watershed rehabilitation planting. Developed using ISO 9001:2015 process approach namely PDCA (Plan-Do-Check-Act), the PIRAMIDA TINGGI system is in line as well with NAWACITA (President Joko Widodo’s vision, mission and program). To encounter other issue found during field work, this system is equipped as well with another innovation tool named PARIDA, a geospatial mobile-desk top-web application that easily able to map and identify vegetation in real time for further geo-analyzing multi-purposes, to be operated by local community. Full set implementation of this system has benefitted all parties. To Company in form of significant cost efficiency around 13.9 MUSD and 7 days’ faster result delivery besides obligation fulfillment, for others in form of broader advantage of proven sustainability project that has gave contribution to 5P (People, Planet, Prosperity, Partnership and Peace), objectives required by UN Sustainable Development Goals 2030.

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