scholarly journals Multipliers Based on Oil And Gas Production and Reserves as National Vertically Integrated Oil Companies’ Indicator of Lucrativeness for Investors. Part II

2021 ◽  
Vol 26 (3) ◽  
pp. 268-290
Author(s):  
Oleg V. SHIMKO
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Oil Refining ◽  
Favorable Effect ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Business Valuation ◽  
Market Capitalization ◽  
Oil Companies

Subject. The article investigates ratios of market capitalization to production and proven reserves held by 25 major public oil and gas corporations within 2008 through 2018. Objectives. I trace key trends in ratios of market capitalization to production and proven reserves in major public oil and gas corporations. The article also determines what caused such transformation for the analyzable period and indicates whether such multipliers are applicable to business valuations in the oil and gas sector. Methods. I use methods of comparative, financial and economic analysis, and summarize materials of financial statements. Results. The analyzable multipliers were found to be applicable to business valuation of oil and gas corporations. If a company has oil refining and petrochemisry segments in its architecture, it will have a favorable effect on ratios. The company will also benefit if its profitability is higher than that of competitors. National companies and their indicators are seen to be influenced by the country factor, which should be taken into account for purposes of business valuation. Ratios depend on the availability of proven reserves. This aspect influences the multiplier of ratio of market capitalization to proven reserves. Therefore, it is advisable in case of similar proven reserves in comparable companies. Hence, it is more preferable to use the multiplier of the ratio of market capitalization to production. Conclusions and Relevance. It is acceptable to use the multiplier with reference to the information on production even if the profitability goes down and the debt burden increases in the listed sector of the global oil and gas industry, while the ratio based on proven reserves is more reasonable as an auxiliary indicator. The findings can be used to appraise the possible value of oil and gas assets as part of the comparable approach. They can also underlie measures for raising the market capitalization of public oil and gas companies.

scholarly journals Multipliers based on oil and gas production and reserves as national vertically integrated oil companies’ indicator of lucrativeness for investors

2021 ◽  
Vol 26 (2) ◽  
pp. 170-194
Author(s):  
Oleg V. SHIMKO
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Oil Refining ◽  
Favorable Effect ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Business Valuation ◽  
Market Capitalization ◽  
Oil Companies

Subject. The article investigates ratios of market capitalization to production and proven reserves held by the twenty five major public oil and gas corporations within 2008 through 2018. Objectives. I trace key trends in ratios of market capitalization to production and proven reserves in major public oil and gas corporations. The article also determines what caused such transformation for the analyzable period and indicates whether such multipliers are applicable to business valuations in the oil and gas sector. Methods. I use methods of comparative, financial and economic analysis, and summarize materials of financial statements. Results. The analyzable multipliers were found to be applicable to business valuation of oil and gas corporations. If a company has oil refining and petrochemisry segments in its architecture, it will have a favorable effect on ratios. The company will also benefit if its profitability is higher than that of competitors. National companies and their indicators are seen to be influenced by the country factor, which should be taken into account for purposes of business valuation. Ratios depend on the availability of proven reserves. This aspect influences the multiplier of ratio of market capitalization to proven reserves. Therefore, it is advisable in case of similar proven reserves in comparable companies. Hence, it is more preferable to use the multiplier of the ratio of market capitalization to production. Conclusions and Relevance. It is acceptable to use the multiplier with reference to the information on production even if the profitability goes down and the debt burden increases in the listed sector of the global oil and gas industry, while the ratio based on proven reserves is more reasonable as an auxiliary indicator. The findings can be used to appraise the possible value of oil and gas assets as part of the comparable approach. They can also underlie measures for raising the market capitalization of public oil and gas companies.

scholarly journals The Concept of Sustainable Development of the Oil and Gas Sector as One of the Subsystems of Noonomics

2020 ◽  
Vol 6 (4) ◽  
pp. 278-286
Author(s):  
A. S. Fomenko
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Time Factors ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Oil Refining ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Oil Companies ◽  
Oil And Gas Sector

This work is devoted to the study of a new way of development of the oil and gas industry, which is due to the influence of many factors of our time. Factors such as limited resources, an increase in the anthropogenic and technological load on the environment, and the risks associated with the complexity of the oil refining process itself, require a fundamentally different solution, which is fully provided by noonomics. It is shown that sustainable development based on the principles of noonomics reduces the role and significance of material factors in the production process of vertically integrated oil companies and the oil and gas industry as a whole, highlighting scientificand technological progress in oil and gas production and their processing.

Global energy M&A will be limited in 2016

2016 ◽  
Keyword(s):  
Private Equity ◽  
Oil And Gas ◽  
Oil Prices ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Content Type ◽  
Oil Companies ◽  
Conventional Oil

Subject Prospects for consolidation in the oil and gas industry. Significance Falling revenues and downward reserve valuations caused by the fall in oil prices are producing merger and acquisition (M&A) opportunities in the oil and gas sector. However, uncertainty about how long oil prices will stay low is keeping bids and offers apart, amid quandaries over which forms of oil and gas production will prove most profitable once prices revive. Impacts Post-bankruptcy restructured companies may be primary targets, given acquirers' unwillingness to take on elevated levels of debt themselves. Mid-cap companies with serviceable debt loads will gain from increased scale; cost reduction capacity will be a source of value. Shale cost reductions suggest that technology and assets in the shale patch will remain attractive to more conventional oil companies. Values of long lead-time projects, such as conventional oil assets in Africa, will suffer. There is substantial firepower available to private equity buyers who are holding out for lower prices prompted by distressed sellers.

Shaping the decommissioning landscape of tomorrow

2020 ◽  
Vol 60 (2) ◽  
pp. 537
Author(s):  
Andrew Taylor
Keyword(s):  
Service Sector ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Industry Growth ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Research Organisations ◽  
Growth Centres

Associated with the growth of Australia’s oil and gas industry over the past 40 years, our oceans currently host oil and gas production and transportation infrastructure that will cost ~AU$30 billion to decommission. National Energy Resources Australia (NERA) is one of six industry growth centres (IGC) funded by the Australian Government. NERA is investigating opportunities for transforming the way that Australia manages its upcoming decommissioning activities. In 2019, NERA undertook a series of stakeholder consultations to refresh our understanding of Australia’s decommissioning outlook. Feedback was received through more than 20 interviews and follow-up surveys with the service sector, operators, research organisations, regulators and consultants. This paper highlights the outcomes of this review and NERA’s view on opportunities to position Australia favourably to manage decommissioning in a way that maximises benefits.

Erosion of Elbows in Oil and Gas Production Systems

2012 ◽  
Vol 479-481 ◽  
pp. 1129-1132
Author(s):  
Wang Ming Bo
Keyword(s):  
Oil And Gas ◽  
Production Systems ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Sand Erosion ◽  
The Subject ◽  
Erosion Mechanisms ◽  
Definitive Methods

This paper gives an overview of erosion mechanisms in elbows in oil and gas production systems. The nature of the erosion process itself makes it very difficult to develop some definitive methods or models to prevent or predict the erosion in elbows in all conditions. This paper provides a review of the subject which will help petroleum engineers to handle the erosion problems in oil and gas industry. This review is given of different erosion mechanisms connected with sand erosion and the factors that influence them, and then the review goes on to look at particulate erosion in elbows in more details. Conclusions are then drawn based on the above analyses.

scholarly journals Utah

2020 ◽  
Vol 6 (3) ◽  
Author(s):  
Mark Burghardt ◽  
Gage Hart Zobell
Keyword(s):  
Crude Oil ◽  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Legal Framework ◽  
Gas Production ◽  
Mandatory Reporting ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Crude Oil Production

Oil and gas production continues to be an important sector of Utah’s economy. Following a 25% loss in production between 2014 and 2015, Utah’s production continues to slowly rebound. Crude oil production in 2019 appears to be slightly ahead of 2018 production. Monthly production averages slightly over three million barrels, placing Utah among the top ten states in crude oil production. Along with the continuing increase in production, the state’s legal framework governing oil and gas continues to develop. This Article examines recent changes in Utah statutes and regulations along with new case law developments involving the oil and gas industry. In particular, this Article discusses a recent federal bankruptcy decision involving midstream agreements, the revision to a Utah statute that now requires mandatory reporting of unclaimed mineral interests, and recent revisions to Utah’s oil and gas regulations.

scholarly journals Design of inductors for the installation of induction soldering of pipeline joints in the oil and gas industry

2021 ◽  
Vol 2094 (4) ◽  
pp. 042017
Author(s):  
A O Stupin ◽  
D V Rogova ◽  
E A Nozdrenko ◽  
V V Kukartsev ◽  
A I Cherepanov ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Schematic Diagram ◽  
Mathematical Apparatus ◽  
Gas Pipelines ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Induction Brazing ◽  
Oil And Gas Pipelines

Abstract The article discusses the use of induction brazing for connecting oil and gas pipelines. The rationale for the choice of induction brazing in the oil and gas industry is considered. The work calculates the main parameters of the inductor. On the basis of calculations, using a mathematical apparatus, a schematic diagram of an inductor with a diameter of 90 mm is created for installing induction soldering. It is proposed to use and develop inductors of various diameters (60, 90 and 135 mm) to create an induction unit that allows connecting pipelines of oil and gas equipment in order to increase the reliability of equipment and the efficiency of oil and gas production and processing.

scholarly journals LEXICAL-SEMANTIC FEATURES OF THE ENGLISH TERMINOLOGY OF OIL AND GAS SPHERE

2020 ◽  
Vol 1 (9(77)) ◽  
pp. 164-168
Author(s):  
Mariana Shtohryn ◽  
Myroslava Muchka
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Process Equipment ◽  
Semantic Features ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Heterogeneous Model ◽  
Lexical Semantic ◽  
Semantic Categories

The lexical-semantic features of the English terms of oil and gas sphere are considered. Attention is drawn to the phraseological and metaphorical features that are characteristic of the terms of the oil and gas industry. It has been revealed that English oil and gas terminology is built on a heterogeneous model, that is, the result of the interaction of several areas of human knowledge. It includes geological, geophysical, geochemical terms, as well as terms related to drilling, washing, fastening and cementing of oil and gas wells, development of oil and gas fields, underground hydraulics, oil and gas production, processing methods, pipeline terminology, offshore drilling terminology, economic terminology. It is has been found out that the semantic categories of English oil and gas terminology are evidence that the terminology under study reflects a particular sphere of human activity that can be structured in some way by the means of language. In this process, the human factor is important. On the one hand, it is inherent in each of the categories, and serves as a basis for subjectivity in identifying the peculiarities of the content.The semantic categories of English oil and gas terminology are analyzed. These include: Human, Process, Equipment, Substance, Method, and Characteristics. The study showed that among the English oil and gas terms formed by metaphorization, we can distinguish terms conventionally grouped under the following lexical-semantic groups: “Parts of the human body”, “World of animals and birds”, “Clothes”, “Society”, “Cooking”, “Construction”, “Nature”, “Traveling”, “Weapon”, “Tool”, “Geometric figure”, “Hunting”, “Fishing”, “Medicine”, “Furniture” та “Quality”.

scholarly journals Life-Support Model of Supply Systems of Oil and Gas Industry Objects

2018 ◽  
Vol 41 ◽  
pp. 01028 ◽  
Author(s):  
Fares Abu-Abed ◽  
Alexey Khabarov
Keyword(s):  
Service Time ◽  
Oil And Gas ◽  
Life Support ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Distribution Functions ◽  
Analytical Models ◽  
Measuring Instruments ◽  
Gas Industry ◽  
Oil And Gas Production

At present, repair and diagnostic complexes are being developed for repair of oil and gas production facilities, including control areas for working capacity, diagnosing components used in maintenance stations, as well as areas equipped with the necessary technological equipment, measuring instruments, tools and equipment for carrying out current repair of replacement elements. For maintenance of repair, repair-diagnostic complexes are equipped with means of power supply, sets of spare property and accessories and operational documentation. Repair-diagnostic complexes can be represented using a three-phase multi-channel queuing system. The study of such a system with the distribution functions of the service time of applications different from the exponential makes it difficult to use analytical models. The developed simulation model of the repair and diagnostic complex allows to evaluate the characteristics of its functioning, the most important of which is the average service time of the application in the system, as well as to determine the required number of channels on each site. The developed model can be aggregated into a general model of research into the operation of complex technical systems for supplying oilfield facilities.

WESTERN AUSTRALIA—A TECHNOLOGY BASE FOR THE OIL AND GAS INDUSTRY

2001 ◽  
Vol 41 (1) ◽  
pp. 777
Author(s):  
B.F Ronalds
Keyword(s):  
Oil And Gas ◽  
Local Environment ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
North West ◽  
The North ◽  
International Industry ◽  
Analytical Tools

Oil and gas production is characterised by a truly international industry, and yet a unique local environment. Solutions developed elsewhere cannot always be imported directly for Australian use. For this reason alone, a strong local technology base is of value to the Australian oil and gas industry. Other benefits include the ability to provide high quality education and training for people entering, and already in, the industry.A case study is described where the Western Australian technology base is facilitating solutions to a specific challenge faced on the North West Shelf (NWS); namely, that the criteria for reliable development and operation of its offshore infrastructure for oil and gas production are more severe than other petroleum provinces, requiring new analytical tools to be developed.

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