MECHANISMS FOR ENSURING FINANCIAL STABILITY OF OIL AND GAS ENTERPRISES BY ATTRACTING INVESTMENT IN THE CONTEXT OF A GLOBAL PANDEMIC

2020 ◽  
Vol 5 (3) ◽  
pp. 14-20
Author(s):  
Dinora Ishmanova ◽  
Keyword(s):  
Strategic Management ◽  
Financial Stability ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Global Pandemic ◽  
Oil And Gas Enterprises

This article provides conclusions and suggestions on how to attract investment to improve the mechanism of strategic management as a solution to ensure the financial stability of oil and gas industry enterprises in the context of a global pandemic

PLANNING OF SALES AND OPERATIONS (S&OP) AS A TOOL FOR OPTIMIZING THE PROCESS OF MATERIAL AND TECHNICAL SUPPORT OF THE OIL AND GAS COMPLEX

2021 ◽  
Vol 2 (1) ◽  
pp. 11-16
Author(s):  
Milena Vladimirovna Zagrebelskaya ◽  
Keyword(s):  
Supply Chain ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Technical Support ◽  
Integrated Planning ◽  
Gas Industry ◽  
Operations Planning ◽  
Information Logistics ◽  
Modern Information ◽  
Oil And Gas Enterprises

The article providesthe main problems of oil and gas enterprises in the supply chains in the loop of procurement based onexample of Uzbekneftegaz. The possibilities of modern information logistics technologies in solving the above problems are reflected. The author's model of integratedplanning based on the logistics technology Sales & Operations Planning, taking into account the peculiarities of the oil and gas industry, is proposed for implementation at oil and gas enterprises in order to improve the efficiency of the planning and implementation of business processes.Key Words:logistics, supply chain, sales and operations planning, S&OP, oil and gas complex, integrated planning

scholarly journals Theoretical and practical aspects of assessment of innovative activity in oil and gas enterprises

2020 ◽  
Vol 13 (4) ◽  
pp. 531-540
Author(s):  
M. V. Rybin ◽  
D. S. Lobov
Keyword(s):  
Life Cycle ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Innovative Activity ◽  
Gas Industry ◽  
The Innovative Management ◽  
And Performance ◽  
Key Indicators ◽  
Oil And Gas Companies ◽  
Oil And Gas Enterprises

Analysis of theoretical and practical aspects of assessment of innovative activity at national and foreign oil and gas enterprises revealed the necessity of improvement of the existing tools which include the lists of key indicators of efficiency and performance applied within the innovative development programs of the Russian companies. Thereby the authors analyzed national and foreign research paying the most serious attention to theoretical aspects of innovative activity assessment. Among them of greatest interest is the complex approach to application of metrics in scientific and technical development of a company. The authors have also studied the conceptual apparatus and the main terms for the problems under consideration. As a result, the research confirmed the idea that the practice of applying the lists of key indicators of innovative activity in oil and gas industry does not coincide with the results of academic works and the innovative management theory: the current methods are primarily aimed at assessment of the results of innovative activity, several stages of the life cycle of creation of innovation are not subject to monitoring. At the same time lists of key indicators of innovative activity make it possible for the company’s management to estimate economic and resource effects of innovations which corresponds to strategic interests of oil and gas companies.Lists of indicators of efficiency and performance of innovative activity can be improved by means of national and foreign research. It is important to involve more metrics which make it possible to monitor all the life cycle of creation and implementation of innovative solutions.The results of the study can be used as the basis for further research on improvement and development of the lists of key indicators of innovative activity of oil and gas companies.

scholarly journals The unique characteristics of the operating environment of oil and gas enterprises and their influence on accounting of non-current tangible assets

2017 ◽  
pp. 127-140 ◽  
Author(s):  
Zenovii-Mykhailo Zadorozhnyi ◽  
Sofiia Kafka
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Buffer Gas ◽  
Operational Environment ◽  
Gas Industry ◽  
Oil Drilling ◽  
Tangible Assets ◽  
Analysis And Synthesis ◽  
Main Component ◽  
Oil And Gas Enterprises

The enterprises, which affect accounting of non-current tangible assets and include the following: dependence on natural factors, heterogeneity of gas and oil drilling, development of mineral deposits, immobility of mining processes, duration of mining, technological cycles involving simultaneous mining of various minerals, lack of work-in-progress, sequence of operations and continuity of production processes, and others. In order to study the unique characteristics of the operational environment of oil and gas enterprises and determine their influence on practices and techniques for accounting of capital assets, methods of measuring interconnections, analysis and synthesis, logical approach are used. Special methods of statistical groups and generalization are applied to explore trends in the oil and gas industry as a whole, and separate sub-sectors of oil and gas extraction, drilling, and transportation. It is found that in the oil and gas industry, the basic methods of measuring accrued depreciation on fixed assets, viewed as the main component of non-current tangible assets, are straightforward and industrial methods; depreciation is not calculated on buffer gas classified as a noncurrent asset; among non-current tangible assets there are no long-term biological assets; enterprises bear significant expenses related to repair and maintenance of main pipelines, etc. The findings of the study are aimed at increasing the reliability, timeliness and analytics of accounting, which will enhance operational efficiency and management of non-current tangible assets in oil and gas enterprises.

scholarly journals Stimulattion of inventive and innovative activities in oil and gas industry

2021 ◽  
Vol 2021 (4) ◽  
pp. 72-79
Author(s):  
Olga Yurievna Michurina ◽  
Nataliya Aleksandrovna Dubinina
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
State Level ◽  
Oil And Gas Industry ◽  
The State ◽  
Gas Industry ◽  
Foreign Experience ◽  
The Russian Federation ◽  
Stimulation Of ◽  
Oil And Gas Enterprises

The stimulation of inventive and rationalization activities in Russia should contribute to the transition of the country's economy to an innovative type of development. The foreign experience of stimulating inventive and rationalizing activities is being investigated. The tools, examples of measures to support and stimulate inventive and rationalization activities carried out at the state level in developed countries are considered. Foreign experience shows that the state supports the system of stimulating inventive creativity, both of individual inventors and creative, scientific collectives. The state acts as a sponsor of innovation activities, the instruments of material interest are used to ensure the acceleration of the introduction of inventions into production processes. Legal and methodological regulations stimulating inventive and rationalization activities in the Russian Federation, at oil and gas enterprises are being investigated. The existing methods of supporting inventive and rationalization activities in Russia are not specialized. The promotion of invention in Russia is regulated by legal acts and a methodological framework partially developed in the USSR, as well as in recent years in the Russian Federation. The main methods of direct and indirect government incentives that can be used to support innovation and invention at oil and gas enterprises: budget financing of research organizations and universities, financing of business incubators, technology parks, public procurement of innovative products and services, investment in the capital of financial institutions involved in the creation of innovative projects, the provision of tax incentives, the allocation of preferential government loans and credit guarantees. The necessity of participation of four levels of management in the process of improving the stimulation of inventive and rationalization activities at oil and gas enterprises is substantiated - the state level, the level of subjects of the Russian Federation, the industry level and the level of oil and gas industry enterprises, which will lead to the activation of this direction in the Russian Federation, increase in its activity, the revival of the high social status of inventors and innovators.

scholarly journals ANALYSIS OF THE FINANCIAL AND ECONOMIC SITUATION IN THE RUSSIAN OIL AND GAS INDUSTRY

2019 ◽  
Vol 2 (5) ◽  
pp. 213-221
Author(s):  
Yuriy Dzyuba ◽  
Ruslan Mochalov
Keyword(s):  
Financial Stability ◽  
Oil And Gas ◽  
Import Substitution ◽  
Oil And Gas Industry ◽  
Financial Indicators ◽  
Gas Industry ◽  
Hydrocarbon Production ◽  
International Obligations ◽  
Economic State ◽  
Tax Payments

This research assesses a comprehensive study of the system of economic and financial indicators, reflecting the work of companies in the oil and gas industry in Russian Federation. The purpose of this article is a comprehensive assessment of the dynamics of the financial and economic state of the oil and gas industry in Russia. The article analyzes the dynamics and structure of key economic indicators of the oil and gas industry - revenues, tax payments, net profit with detailed information on companies in the industry, as well as integrated to the industry-wide level. The regularities of changes in indicators, as well as features for individual companies. The potential of the oil and gas complex to expand hydrocarbon production has been confirmed, which allows us to conclude that the industry will continue to be the engine of import substitution, financial stability of the budget and the guarantor of the country's international obligations.

scholarly journals The Analysis of Financial Stability and Profitability of British Petroleum (BP) for the period 2014–2019

2020 ◽  
Vol 8 (1) ◽  
pp. 27-33
Author(s):  
Yu. Tumanov
Keyword(s):  
Performance Indicators ◽  
Financial Stability ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
British Petroleum ◽  
Gas Industry ◽  
Commercial Organization ◽  
The Given ◽  
A Company

Any commercial organization tends to make a profit in the course of its activity. As a result, these enterprises may be risky since they take different risks in pursuit of generating a profit and achieving other goals. Taking various risks might make a company less financially stable. In other words, the level of financial stability of a company is likely to be decreased. The importance of the given topic is that analyzing the financial stability and profitability of an entity enables us to determine how financially stable and profitable a company is. Moreover, this analysis allows finding out how particular indicators change from year to year and to prevent a decrease in financial stability and profitability indicators. This paper may be considered as an attempt to analyze the financial stability and profitability of one company from the oil and gas industry, specifically, British Petroleum (BP) for the period from 2014 to 2019. Besides, some recommendations may be developed in terms of increasing the company’s performance indicators if necessary.

On Building a Model for the Efficient Development of the Oil and Gas Industry

2021 ◽  
Vol 27 (12) ◽  
pp. 971-982
Author(s):  
R. Kh. Azieva
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Petroleum Products ◽  
Gas Industry ◽  
The Russian Federation ◽  
The Impact ◽  
Oil And Gas Enterprises

Aim. The presented study aims to build a model for the efficient development of the oil and gas industry in the long term. Tasks. The authors investigate the peculiarities of the development of the oil and gas industry in the Russian Federation at the present stage when the COVID-19 coronavirus pandemic has had a significant impact on the reduction of oil production and global demand for oil and petroleum products; identify strategic directions for the development of the oil and gas industry in Russia and substantiate the need for government measures to support the oil and gas industry, including the possibility of forming innovative investment resources and reducing the tax burden in combination with a global shift away from fossil fuels, which will ensure more efficient use of oil and gas reserves. Methods. This study uses the theory and methodology of strategizing developed by academician V.L. Kvint as a basis for determining strategic directions and priorities for the development of the oil and gas industry. An economic and mathematical regression model for predicting the volume of oil production in the Russian Federation over the next five years is developed with allowance for the priorities of the methodology under consideration. Results. Substantiation of the projected values of oil production increases the preparedness of Russian oil companies and the government, allowing them to respond to various scenarios in the future and thus making it possible to develop an efficient strategy based on preventive measures to reduce the impact of oil price volatility on the Russian economy. Calculations show that Russia will most likely not be able to fully realize its production potential. In the long term, oil production will naturally decline due to the depletion of the resource base. One of the prerequisites for the successful operation of oil and gas enterprises is their orientation towards an innovative strategy in the context of sustainable development. Conclusions. The era of cheap oil and unexpected profits from hydrocarbons is gradually coming to an end. Therefore, strategically important directions for the oil and gas industry include the modernization of technologies and equipment by attracting investments in oil and gas enterprises and the development of the industry’s infrastructure, diversification of the refining industry, reduction of crude oil exports, and increased exports of finished petroleum products.

DEVELOPMENT OF OIL AND GAS INDUSTRY ENTERPRISES: PROSPECTS OF IMPORT SUBSTITUTION

2020 ◽  
Vol 1 (10) ◽  
pp. 80-86
Author(s):  
D. V. BUN’KOVSKY ◽  
Keyword(s):  
Sustainable Development ◽  
Energy Saving ◽  
Oil And Gas ◽  
Import Substitution ◽  
Oil And Gas Industry ◽  
Economic Strategy ◽  
Gas Industry ◽  
Start Up ◽  
The Creation ◽  
Oil And Gas Enterprises

The article analyzes the problems of development of oil and gas industry enterprises, their import dependence in modern conditions. The essence and various aspects of the economic strategy of import substitution are considered, taking into account the industry specifics. It has been determined that the processes of import substitution are expedient only in cases when they provide a basis for sustainable development of industry, expanding opportunities for oil and gas enterprises capable of independent development with appropriate start-up support. The processes of import substitution in the activities of oil and gas industry enterprises should, as a result, ensure an increase in the use of advanced resource and energy saving technologies, especially in the field of oil and gas chemical industries. In modern conditions, the key area of import substitution operations can and should be the creation of small and medium-sized production of import-substituting goods on the basis of functioning large companies in the oil and gas industry.

INTEGRAL METHODS FOR ANALYSIS OF THE FINANCIAL STABILITY OF THE OIL AND GAS COMPLEX

2020 ◽  
Vol 2 (10) ◽  
pp. 70-76
Author(s):  
I. I. GLOTOVA ◽  
◽  
E. P. TOMILINA ◽  
I. P. KUZ’MENKO ◽  
◽  
...  
Keyword(s):  
Financial Stability ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Multivariate Statistical ◽  
Statistical Assessment ◽  
Gas Industry ◽  
Integral Methods ◽  
Russian Economy ◽  
Economic Necessity ◽  
Fair Assessment

The article substantiates the economic necessity and feasibility of assessing the financial stability of a corporation, presents an analysis of the financial stability of an oil and gas company – the flagship of the Russian economy, analyzes the company's financial stability using Russian and foreign analysis methods. In the course of the study, the relevance of using integral methods for analyzing financial stability was revealed in view of their accurate statistical assessment, as well as the convenience in interpreting the obtained calculations. The assessment of the financial stability of an oil and gas company reflects the need to use up-to-date models of multivariate statistical analysis that have industry characteristics. It has been established that the use of these methods makes it possible to determine a fair assessment of the activities of companies in the oil and gas industry in conditions of increased macroeconomic instability.

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