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.

scholarly journals Forming Data on the Losses in a Business Entity Accounting with the Purpose of Ensuring its Economic Security

2020 ◽  
Vol 7 (1) ◽  
pp. 49-57 ◽  
Author(s):  
E. G. Tokmakova ◽  
Yu. A. Yukhtanova ◽  
D. L. Skipin
Keyword(s):  
Conceptual Understanding ◽  
Oil And Gas ◽  
Financial Statements ◽  
Economic Security ◽  
Full Information ◽  
Economic Entity ◽  
Security Service ◽  
Separate Object ◽  
Available Information ◽  
Oil And Gas Companies

Ensuring the economic security of an economic entity, as a state of its protection from the threats to sustainable development, is an important component of business in modern conditions. Losses, when viewed through the lens of the economic security — are expenses that occur in the present and are caused by certain factors that can be eliminated or prevented. Thus, in the future, excluding losses means protecting businesses from the threats of unreasonable expenses that slow down economic development. The article is devoted to the formation of information about the losses of an economic entity in accounting. The research methodology is based on a conceptual understanding of business losses, judging from the need to ensure its economic security and accounting capabilities. Basing on the analysis of the accounting financial statements of oil and gas companies, it was concluded that there is no available information about expenses that qualify as the losses of the company. The result of the study is the presented accounting method which is based on singling out the losses as a separate object of accounting. The proposed method, when applied in practice, will allow the economic security service of an economic entity, which has full information about the losses provided by the accounting department, to develop measures to minimize losses or prevent them.

scholarly journals D&R OBLIGATIONS OF OIL PRODUCING COMPANIES: ECONOMIC AND LEGAL MECHANISMS FOR IMPLEMENTATION

2020 ◽  
pp. 59-67
Author(s):  
M. A. Valishvili
Keyword(s):  
State Policy ◽  
Oil And Gas ◽  
The State ◽  
Environmental Standards ◽  
Advanced Technologies ◽  
Production And Consumption ◽  
Relationship Of ◽  
Oil And Gas Companies ◽  
The Relationship ◽  
Consumption Waste

One of the most “dirty” sectors of the economy is traditionally considered mining and processing industries, while they are less equipped with advanced technologies for cleaning production and consumption waste. The implementation of obligations by oil producing companies to restore the environment is one of the most important areas of state policy. At the same time, the state uses all possible economic and legal instruments to influence subsoil users: from forcing them to set strict environmental standards and levy fines for non-compliance, to encouraging companies themselves to develop along the “green” path, offering various benefits and preferences in return. An overview of the main directions of implementation of D&R obligations of the largest oil and gas companies, as well as the relationship of these obligations with the interests of the state has been proposed in the article.

scholarly journals The industry structure of the Russian oil and gas complex: transformation processes and trends

2021 ◽  
Vol 9 (3) ◽  
pp. 26-30
Author(s):  
Nadezhda Zhilina
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Integrated Approach ◽  
Economic Security ◽  
The State ◽  
Economic Research ◽  
Gas Industry ◽  
Environmental Friendliness ◽  
Complex Transformation ◽  
Oil And Gas Resources

The oil and gas industry is becoming one of the key priorities of the state policy of the Russian Federation. Ensuring energy and economic security, sustainable development, and innovative development in the context of the digitalization of the economy requires a qualitatively new approach to regulating the oil and gas industry. The tasks of rational use of oil and gas resources, increasing productivity, and environmental friendliness of production processes are set not only for companies in the oil and gas sector, but also increase the responsibility of the state for achieving them. The solution of the above-mentioned tasks requires an integrated approach based on a theoretical and methodological basis, economic research, systematization of world experience, taking into account the use of modern management and regulation mechanisms of oil and gas complex enterprises.

scholarly journals HUMAN RESOURCE SUPPLY IN OIL AND GAS COMPANIES AS AN OBJECT OF DESIGNING AND PROGRAMMING

2020 ◽  
Vol 41 (4) ◽  
pp. 135-144
Author(s):  
O.V. Budzinskaya ◽  
◽  
V.G. Martynov ◽  
V.S. Sheinbaum ◽  
◽  
...  
Keyword(s):  
Economic Policy ◽  
Labor Market ◽  
Human Resource ◽  
Oil And Gas ◽  
Methodological Approach ◽  
Supply System ◽  
The State ◽  
Academic Science ◽  
Wide Range ◽  
Oil And Gas Companies

Researchers traditionally study human resource supply in various sectors of the economy mainly as a problem of vocational education in the aspect of its compliance with the changing requirements in the socio-economic policy of the state, that changes with scientific and technological progress and the adjustment of priorities in the socio-economic policy of the state, with the requirements of employers – the subjects of economic activity in these sectors.The authors attempted to consider the human resource supply system as a special design object – a mega-system where various activities of a wide range are inextricably linked subjects. They are not only suppliers (educational institutions) and consumers (employers), but also “designers” of institutions (legislators, regulators, and professional communities), labor market service structures, academic science, mass media. The authors aim to prepare a methodology for designing a self-regulating human resource supply system in oil and gas companies in the context of the formation of Industry 4.0. The authors used the following methods: analysis of scientific literature, analysis of Internet sources and materials provided by subjects of human resource supply activities, namely labor market monitoring, analytical reports of the Council for Professional Qualifications in the Oil and Gas Complex, reports on the sustainable development of companies, etc. The study result is the development of a theoretical and methodological approach to designing institutional relationships between the subjects of the oil and gas complex human resource supply system. The research materials may be of further use by federal and regional executive bodies that carry out the functions of developing and implementing state policy in the field of education and qualifications assessment.

scholarly journals METHODOLOGICAL RECOMMENDATIONS FOR DEVELOPMENT OF A SYS-TEM OF MONITORING OF ECONOMIC SECURITY FOR OIL AND GAS COMPANIES

2021 ◽  
Vol 1 (24) ◽  
pp. 115-120
Author(s):  
V.I. Babenkov ◽  
◽  
I.F. Zhukov ◽  
◽  
Keyword(s):  
Oil And Gas ◽  
Digital Technologies ◽  
Present Situation ◽  
Business Environment ◽  
Economic Security ◽  
Dynamic Monitoring ◽  
Oil And Gas Companies

The present paper contains a description of a system of monitoring of economic security for oil and gas companies. An analysis of specific features of functioning of oil and gas companies in the present situation is given. Three levels of monitoring of economic security are introduced. These levels correspond to three levels of business environment. The need for transition to dynamic monitoring of economic security on the basis of digital technologies is demonstrated.

scholarly journals Global Economic Risks and the Problem of Economic Security of the State

2019 ◽  
Vol 10 (501) ◽  
pp. 38-43
Author(s):  
K. D. Semenova ◽  
◽  
K. I. Tarasova ◽  
Keyword(s):  
Economic Security ◽  
The State ◽  
Economic Risks

CONCEPTUAL APPROACHES TO ENSURING ECONOMIC SECURITY OF THE OIL AND GAS COMPLEX IN THE CONDITIONS OF DIGITAL ECONOMY

2020 ◽  
Vol 13 (3) ◽  
pp. 165-173
Author(s):  
T.I. Lomachenko ◽  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Economic Security ◽  
Digital Economy ◽  
The State ◽  
Economic Crime ◽  
Legal Entity ◽  
Economic Concept ◽  
State Of The Economy ◽  
Economic Crimes

The financial and economic crisis caused by the coronavirus pandemic provokes not only unconventional situations in society, but also actively affects the state of economic crime. The criminal situation in the oil and gas complex is directly related to the current state of the economy and digitalization of its processes, a set of conditions and factors responsible for its stability, sustainability and progressiveness of the digital economy. It is not enough to assess the economic criminality of the oil and gas complex only by the number of revealed crimes; therefore, it is necessary to implement an effective economic concept of society and economic security of a particular enterprise, legal entity and individual, which will allow to change the entire cause-and-factor complex causing economic criminality. The article reveals the specific features of the oil and gas complex that contribute to the commission of economic crimes. A classification of factors contributing to the commission of economic crimes is proposed, in which the socio-economic and specific factors of the oil and gas industry are consistently considered, and their characteristics with the growth of economic crimes are given. The scientific novelty of the research consists in the development of the model of preventive measures to ensure economic security at macro-, meso– and micro levels of market economy in the conditions of digitalization. The cause-and-factor complex of economic crimes is considered taking into account the following blocks: political and legal, socio-economic, sectoral, organizational and technological, which are interconnected and actively affect the level of economic crimes. As a result, the main measures to counteract economic crimes are proposed, taking into account the purposeful influence of society, specific enterprise, legal entity and individual on the causes and conditions of ensuring economic security of the state.

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