scholarly journals Environmental Problems Associated with the Operations of Oil and Gas Companies in Niger Delta: Implications and the Way Forward

2019 ◽  
Vol 7 (10) ◽  
Author(s):  
Aminaho Ehianu Maynard ◽  
Aminaho Efenwengbe Nicholas
Keyword(s):  
Niger Delta ◽  
Oil And Gas ◽  
Environmental Problems ◽  
Oil And Gas Companies ◽  
The Way

Oil and Gas Companies and Community Crises in the Niger Delta

2011 ◽  
Vol 9 (1) ◽  
Author(s):  
Donald I. Hamilton
Keyword(s):  
Community Development ◽  
Work Environment ◽  
Niger Delta ◽  
Oil And Gas ◽  
Negative Impact ◽  
Development Projects ◽  
Niger Delta Region ◽  
Oil And Gas Companies ◽  
Industry Community

This paper examines the role of oil and gas companies in community crises in the Niger Delta. The major conclusions are that oil and gas companies have encountered various forms of community crises in their work environment. These crises have negative impact on the performance of these companies. The paper thinks that adequate community relation will significantly reduce the level of also that oil and gas companies in the Niger Delta should adopt community relation strategy through community development projects as this would minimize the level of community crises and hence enhance the performance of oil and gas companies Industry/community crises in the Niger Delta region

Assessment of Conflict Management in Niger Delta and Implications for Sustainable Development of Oil and Gas in Nigeria

2021 ◽  
Author(s):  
Humphrey Otombosoba Oruwari
Keyword(s):  
Conflict Management ◽  
Niger Delta ◽  
Oil And Gas ◽  
Ecological Factors ◽  
Oil And Gas Industry ◽  
Negative Effects ◽  
Gas Industry ◽  
Secondary Sources ◽  
Positive Elements ◽  
Oil And Gas Companies

Abstract Nigerian oil and gas industry have over the years witnessed incessant conflicts between the stakeholders, particularly the host communities in Niger Delta region and the oil and gas companies in partnership with the Federal Government. Conflict which is here defined as manifestation of disagreement between individual and groups arising from differing and mutually incompatible interests has both positive and negative effects depending on how it was managed. Managing conflicts is all about limiting the negative aspects. The study examined conflicts management in Nigeria oil and gas industry and how best the positive elements of conflicts can be maximally exploited for the mutual benefit of both oil and gas company and the host communities in Niger Delta. The study adopted the multidisciplinary approach, literature review, case study and relied on secondary sources using analytical method of data analysis. The study findings revealed that the major factors that precipitate conflicts between the oil and gas industry and host communities in Niger Delta include economic, social, political, and ecological factors. There are available strategies that can be used in conflict management. These include avoiding, accommodating, or smoothing, competing, or forcing, compromising, and collaborating. Any of these strategies can be used to manage conflict depending on the situation, the environment factor, and the nature of the conflict. The problem is that the oil and gas companies in partnership with the Nigerian government often adopted the wrong approach in dealing with the conflict with host communities, using avoiding or forcing strategies. The study recommends collaboration strategy which ensues long term-term solution to mutual benefits.

scholarly journals Knowledge Acquisition and Resource Exploitation of Indigenous Oil and Gas Companies in Niger Delta, Nigeria

2020 ◽  
Vol 5 (1) ◽  
pp. 1 ◽  
Author(s):  
Maclayton Teinb
Keyword(s):  
Knowledge Acquisition ◽  
Sample Size ◽  
Niger Delta ◽  
Oil And Gas ◽  
Sample Size Determination ◽  
Primary Data ◽  
Survey Method ◽  
Resource Exploitation ◽  
Service Companies ◽  
Oil And Gas Companies

This study examined the relationship between knowledge acquisition and resource exploitation of indigenous oil and gas service companies in Niger Delta, Nigeria. Primary data was generated through structured questionnaire. The methodology used was quantitative and a cross-sectional survey method was adopted in the investigation of the study variables. The population of this study consisted of 332 (Three Hundred and Thirty Two) staff members of 26 highly functional/ active operational indigenous oil and gas service companies operating in the Niger Delta region of Nigeria. A sample size of 181 was determined using Taro Yamen sample size determination formula. The reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank Order Correlation Coefficient with the aid of the Statistical Package for the Social Sciences version 22.0. The findings of the study revealed that there is a significant relationship between knowledge acquisition and resource exploitation of indigenous oil and gas service companies in Niger Delta, Nigeria.  The study recommends that indigenous oil and gas companies should foster relationships with critical stakeholders such as customers and suppliers and develop networks that may bring valuable information to the company, and opportunities to get new ideas from external parties should never be neglected. The managerial implications follow that if a firm enjoys a broad and connected client network it can facilitate the emergence of ambidexterity by stimulating higher levels of trust internally. However, if this firm is heavily dependent on teams to develop ambidextrous abilities in a self-managing and contextual fashion, trust may prove to be detrimental.

scholarly journals Environmental problems caused by the activities of oil and gas companies and actions to reduce environmental harm

2019 ◽  
Vol 6 (3) ◽  
Author(s):  
Ivan Stepanenko ◽  
Andrey Soromotin ◽  
Alexander Lekomtsev
Keyword(s):  
Oil And Gas ◽  
Environmental Safety ◽  
Environmental Problems ◽  
Environmental Harm ◽  
Environmental Damage ◽  
Existing Problems ◽  
Leading Position ◽  
Huge Impact ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

The purpose of this study is to analyze the environmental problems caused by the activities of the oil and gas sector. The problem of the study is the most significant, as Russia is a major state for the production and processing of oil and gas products, so many regions face serious environmental problems. The objectives of the study – to reveal the environmental problems in the activities of oil and gas companies in Russia, to analyze the environmental rating of oil and gas companies in Russia. The author also presents an analysis of the activities of the oil and gas sector to date. It has a huge impact on the environment of many countries. There are serious environmental problems that harm the life of all living beings of the planet. It is concluded that oil and gas companies have realized the importance of existing problems and pursues the goal of its improvement, improvement of industrial processes to eliminate environmental damage. Indicative in our country is the environmental rating of oil and gas companies, where the leading position is occupied by companies pursuing sustainable development and caring for the environment, which certainly affects their reputation. In addition, the article provides an example of the actions of LUKOIL – recognized in 2018 as the most open company that publishes all information on environmental safety.

scholarly journals Heavy Metal Bioaccumulation in Periwinkle (Tympanotonus fuscatus) and Tilapia Fish (Oreochromis niloticus) Samples Harvested from a Perturbed Tropical Creek in the Niger Delta, Nigeria

2020 ◽  
pp. 18-27 ◽  
Author(s):  
Nsikak O. Abiaobo ◽  
Idopiseabasi E. Asuquo ◽  
Enobong P. Akpabio
Keyword(s):  
Heavy Metals ◽  
Niger Delta ◽  
Oil And Gas ◽  
Industrial Effluent ◽  
Environmental Parameters ◽  
Anthropogenic Sources ◽  
Mean Values ◽  
Regulatory Limits ◽  
Heavy Metal Bioaccumulation ◽  
Oil And Gas Companies

Different scientific studies with useful contributions in biomonitoring different environmental parameters and knowledge of their influences on aquatic ecosystem health and ultimately that of man have evolved through the years, however with scanty toxicological evidences. The present study was designed to investigate the concentrations of heavy metals in edible food of periwinkle and fish harvested from a perturbed creek in Niger Delta, Nigeria reported to constantly receive industrial effluent from two major oil and gas companies. Zn, Fe, Pb, Cu, Cr, Cd and Mn were assessed for 6 months from July – November, 2018. Higher concentrations of heavy metals were obtained with fish bio-accumulating more metals than periwinkle. The bio-availability sequence of metals in periwinkle was Fe>Cu>Mn>Cd>Zn>Cr>Pb and fish Fe>Cu> Zn>Mn>Cd>Cr>Pb. Mean values of Cd, Cr, Cu, Fe and Zn in some months in periwinkle and fish were above WHO/FEPA regulatory limits while Pb and Mn were lower. The study has provided some useful information on metal accumulation in the icthyofauna of the creek and call for more toxicological study and biomonitoring of anthropogenic sources on the creek. Results showed the dominance of Cd, Cr, Cu and Fe over other metals in both animals in all months. Cu level was relatively stable throughout the study. Fish bio-accumulated more metals than periwinkle with report of higher concentrations.

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.

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