Age and Professional Length of Service of the Drivers as Factors of Industrial Injuries

2021 ◽  
pp. 87-93
Author(s):  
E.I. Karchina ◽  
◽  
M.V. Artanova ◽  
M.V. Ivanova ◽  
E.V. Glebova ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Statistical Data ◽  
Correlation Method ◽  
Main Tool ◽  
Professional Service ◽  
Qualitative Assessment ◽  
Age Group ◽  
Length Of Service ◽  
Industrial Injuries ◽  
Oil And Gas Companies

Influence of the factors such as age and professional length of service of the drivers on the frequency of industrial injuries is considered. For conducting analysis, the statistical data was used related to the incidents that occurred on the land transport in one of the Russian oil and gas companies in the period of 2006–2019. Despite the fact that the transportation by land transport is not the main area of the company activity, this group of incidents takes the second place. Therefore, study of the factors on which the number of incidents on the land transport may hypothetically depend is relevant. The main tool of the analysis in the work is Pareto diagrams, which are used to determine the age group and that length of professional service of the drivers, in which the greatest number of incidents occurred on the land transport. Further, using the correlation method the dependence was determined, and the qualitative assessment of the obtained relationship tightness was carried out. Of the two hypotheses put forward in the work about the influence of the age and length of service of the drivers on the number of incidents on the land transport, one was confirmed — with an increase in the length of service of the drivers, there is a tendency of reducing the risk of an incident occurrence. The results of the conducted analysis allow to conclude that in addition to the basic statistical data on incidents, it is required to study and consider other factors that can affect on the number of incidents on the land transport, one of which is the level of safety culture of the drivers.

Review of Projects for the Implementation of Innovative Industrial Safety Technologies in Foreign Oil and Gas Companies

2021 ◽  
pp. 30-42
Author(s):  
Denis Siutin ◽  
Svetlana Kutsenko
Keyword(s):  
Oil And Gas ◽  
Industrial Safety ◽  
Practical Significance ◽  
Annual Reports ◽  
British Petroleum ◽  
Innovative Technologies ◽  
Current Trends ◽  
Royal Dutch Shell ◽  
Industrial Injuries ◽  
Oil And Gas Companies

The introduction of innovative technologies to ensure industrial safety in oil and gas companies is aimed at reducing the number of accidents, industrial injuries, incidents and occupational diseases in the implementation of both main and auxiliary activities. The article presents the results of a study of innovative projects to ensure industrial safety on the example of foreign oil and gas companies: Royal Dutch Shell (Shell), ExxonMobil, British Petroleum (BP), Total, Chevron, Eni, Equinor, Sinopec, PetroChina, CNOOC, Petrobras, Saudi Aramco, Hydro, PVDSA. The directions and current trends in the development of innovative technologies in the field of industrial safety (labor protection, industrial safety, fire safety, road safety, environmental protection) for the period 2016-2020 are summarized. The research methodology is based on the analysis of information from open sources, including annual reports of companies and reports on sustainable development. The results obtained have theoretical and practical significance for oil and gas of the Russian Federation, state executive authorities.

scholarly journals ECONOMIC EVALUATION OF INFORMATION CAPITAL OF THE ENTERPRISE AS A FACTOR IN THE MANAGEMENT OF THE VALUE OF OIL AND GAS PRODUCTION ENTERPRISES

2021 ◽  
Author(s):  
Oksana Vytvytska ◽  
Liubov Shehda
Keyword(s):  
Economic Evaluation ◽  
Oil And Gas ◽  
Gas Production ◽  
Qualitative Assessment ◽  
Enterprise Management ◽  
Qualitative Properties ◽  
Business Entities ◽  
Properties Of Information ◽  
Oil And Gas Companies

The article highlights the role of oil and gas enterprises as the main source of fuel and energy resources for the state. This requires the heads of oil and gas companies to find and implement effective ways and methods of enterprise management. The need to apply the latest concepts and approaches to management, among which the concept of cost-oriented management of the enterprise deserves special attention. In this context, the authors from a theoretical standpoint analyzed the concepts of enterprise management that exist in world practice, identified current trends in management, and identified problems in the implementation of cost-oriented management in Ukraine. In order to solve these problems, the role of information capital in creating the value of the enterprise is considered. The economic categories of information capital and economic evaluation of information capital are characterized. It is established that the economic evaluation of information capital of the enterprise is one of the main tools in cost-oriented management of business entities. The main aspects of economic evaluation of information capital of enterprises are highlighted – cost, value and efficiency of its use. The stages of economic evaluation of the information capital of the enterprise are developed. For the valuation of information capital of the enterprise on the basis of previous publications systematized the main approaches and methods of calculating the cost. For the qualitative assessment of information resources, a number of basic qualitative properties of information have been identified, which have a direct impact on the assessment of the quality of information, and the nature of management decisions. In order to develop methodological approaches to the qualitative evaluation of information, the qualitative properties of information are grouped by levels. The peculiarities of assessing the efficiency of information capital in the case when the information system is used only for the implementation and maintenance of business processes, the products of which are exclusively information and assessing the effectiveness of information capital in oil and gas companies, whose main purpose is oil and gas, are highlighted.

An integrated economic analysis of the oil and gas companies of Russia

2019 ◽  
Vol 18 (5) ◽  
pp. 925-943
Author(s):  
I.V. Filimonova ◽  
◽  
L.V. Eder ◽  
V.Yu. Nemov ◽  
M.V. Mishenin ◽  
...  
Keyword(s):  
Economic Analysis ◽  
Oil And Gas ◽  
Oil And Gas Companies

Minerals as an object of accounting and economic security of the oil and gas company implementing the production sharing agreement

2020 ◽  
Vol 23 (11) ◽  
pp. 1291-1312
Author(s):  
N.V. Zyleva
Keyword(s):  
Oil And Gas ◽  
Economic Security ◽  
The State ◽  
Professional Judgment ◽  
Production Sharing ◽  
Security Service ◽  
Geological Information ◽  
Oil And Gas Companies ◽  
Mineral Reserves ◽  
Economic Risks

Subject. This article discusses the practice of ensuring the economic security of oil and gas companies operating under the terms of production sharing agreements, where minerals are the object of security. Objectives. The article aims to justify the need to apply professional judgment in the organization of reliable accounting of minerals, explored and extracted under the terms of the production sharing agreement implementation, to avoid various risks to the entity's economic security. Methods. For the study, I used the methods of deduction and modeling. Results. The article presents proposals to arrange accounting of intangible exploration assets (geological information on mineral reserves) and finished products (the part of the extracted minerals owned by the investor and the part owned by the State). Conclusions. As strategic minerals, oil and gas are the targets of various economic risks. Professionals familiar with the specifics of accounting operations in the implementation of the production sharing agreement should be prepared to prevent these risks. The results obtained can be used to design accounting policies and develop local regulations on the tasks and functions of the economic security service of the organization implementing the production sharing agreement.

Analyzing the figures of consolidated statement of cash flows of the world's biggest publicly traded oil and gas corporations

2020 ◽  
Vol 19 (6) ◽  
pp. 1101-1120
Author(s):  
O.V. Shimko
Keyword(s):  
Public Sector ◽  
Cash Flow ◽  
Oil And Gas ◽  
Cash Flows ◽  
Annual Reports ◽  
Capital Expenditures ◽  
Publicly Traded ◽  
The Public ◽  
Statement Of Cash Flows ◽  
Oil And Gas Companies

Subject. The article investigates key figures disclosed in consolidated cash flow statements of 25 leading publicly traded oil and gas companies from 2006 to 2018. Objectives. The focus is on determining the current level of values of the main components of consolidated statement of cash flows prepared by leading publicly traded oil and gas companies, identifying key trends within the studied period and factors that led to any transformation. Methods. The study draws on methods of comparative and financial-economic analysis, as well as generalization of materials of consolidated cash flow statements. Results. The comprehensive analysis of annual reports of 25 oil and gas companies enabled to determine changes in the key figures and their relation in the structure of consolidated cash flow statements in the public sector of the industry. It also established main factors that contributed to the changes. Conclusions. In the period under study, I revealed an increase in cash from operating activities; established that capital expenditures in the public sector of the industry show an overall upward trend and depend on the level of oil prices. The analysis demonstrated that even integrated companies’ upstream segment prevail in the capital expenditures structure. The study also unveiled an increase in dividend payments, which, most of the time, exceeded free cash flows thus increasing the debt burden.

Analyzing the liquidity ratios of the world's leading public oil and gas corporations

2020 ◽  
Vol 26 (7) ◽  
pp. 1571-1589 ◽  
Author(s):  
O.V. Shimko
Keyword(s):  
Public Sector ◽  
Oil And Gas ◽  
Comprehensive Analysis ◽  
Annual Reports ◽  
Main Factors ◽  
Economic Analyses ◽  
Oil And Gas Companies

Subject. This article explores the key liquidity figures of the twenty five largest public oil and gas companies between 2006 and 2018. Objectives. The article aims to determine the current values of the key liquidity figures of the largest public oil and gas companies, identify key trends in their changes within the study period, and identify the factors that have caused these changes. Methods. For the study, I used comparative, and financial and economic analyses, and generalization. Results. Based on a comprehensive analysis of the twenty five oil and gas companies' annual reports, the article identifies trends in the changes in the key liquidity indexes in the industry's public sector, and establishes the main factors that affected these changes. Conclusions and Relevance. The largest public oil and gas companies are able to maintain their own liquidity in times of crisis, even. The industry pays the most attention to increasing the instant liquidity ratios. The results of the study can be used to evaluate, forecast, and develop measures to enhance the liquidity of public oil and gas companies.

Evaluating the innovation of oil and gas enterprises under new circumstances: Evidence from Rosneft Oil Company

2020 ◽  
Vol 8 (8) ◽  
pp. 1444-1458
Author(s):  
N.M. Baranova ◽  
D.S. Loginova ◽  
S.N. Larin
Keyword(s):  
Oil And Gas ◽  
Annual Report ◽  
Statistical Data ◽  
Exponential Model ◽  
Innovative Activity ◽  
Corporate Development ◽  
Power Resources ◽  
Business Operations ◽  
Trade Wars ◽  
Oil Company

Subject. Illustrating the case of Rosneft Oil Company, we herein study how innovation spurs business operations, increases the competitiveness of firms and protects them from risks. Objectives. We model the innovative activity of Rosneft Oil Company and its competitiveness. Methods. We analyze proceedings by the Russian and foreign scholars, materials on program for the innovative and sustainable development of Rosneft Oil Company. Our assessments were based on statistical data of Rosneft’s annual report for 2004–2019. The regression analysis and econometric studies were conducted via Eviews10. Results. We set models to predict the innovative development of the company for the nearest future. We revealed that the linear model was the most appropriate and suitable for forecasting. Properties and estimates of the exponential model turned to be insignificant, on the contrary. Conclusions and Relevance. Currently, it is difficult to forecast the extent to which corporate development, its innovative activity will change in 2020 and in the nearest future. Despite the company’s achievements before 2020, continuous trade wars, geopolitical conflicts, pandemic, OPEC agreements and a consequential drastic drop in the demand for power resources considerably slowed down the pace of the economic growth not only in the company, but also in the country.

Analyzing the market valuations of the world's leading public oil and gas corporations

2020 ◽  
Vol 26 (12) ◽  
pp. 2765-2789
Author(s):  
O.V. Shimko
Keyword(s):  
Oil And Gas ◽  
Balance Sheet ◽  
Oil And Gas Industry ◽  
Market Valuation ◽  
Net Income ◽  
Consolidated Financial Statements ◽  
Market Capitalization ◽  
Economic Analyses ◽  
Market Valuations ◽  
Oil And Gas Companies

Subject. This article explores the market valuation ratios of the twenty five leading public oil and gas companies between 2006 and 2018. Objectives. The article aims to identify key trends in the changes in market valuations of the largest public oil and gas companies, and identify the factors that have caused these changes. Methods. For the study, I used comparative, and financial and economic analyses, and generalization of materials of the companies' consolidated financial statements. Results. The article shows certain changes in the main indicators of market valuation of the leading public oil and gas companies and identifies the main factors that contributed to these changes. It establishes that the most significant for comparison and valuation are ratios based on balance sheet values of assets and equity, and EBITDA, DACF and net income ratios are appropriate as auxiliary ratios. The article says that the exchange segment of the industry has increased the debt load, so instead of market capitalization as a component of the coefficients of this group, it is advisable to apply the company's value indicator. Conclusions and Relevance. The article concludes that the market sentiments towards the stock market segment of the global oil and gas industry are getting impaired. This is quite natural against the background of falling profitability of most leading companies. The results of the study can be useful in evaluating, forecasting and developing measures to increase the market capitalization and value of public oil and gas companies.

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