FEATURES OF THE FORMATION OF AN INVESTMENT PORTFOLIO BY RUSSIAN COMPANIES IN THE OIL AND GAS SECTOR OF THE ECONOMY

2021 ◽  
Vol 1 (175) ◽  
pp. 161-166
Author(s):  
V.A. Agusev ◽  
Keyword(s):  
Oil And Gas ◽  
Investment Portfolio ◽  
Investment Projects ◽  
Foreign Companies ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

The article discusses the main methods of forming an investment portfolio and examines the motives for partnerships with foreign companies. During the analysis of the activities of Russian oil and gas companies, the features of the formation of investment projects were revealed.

Comparative analysis of the efficiency of oil–producing companies in Russia and the world

2020 ◽  
Author(s):  
Arina E. Link ◽  
◽  
Mikhail V. Mishenin ◽  
Keyword(s):  
Comparative Analysis ◽  
Oil And Gas ◽  
Distinctive Features ◽  
Foreign Companies ◽  
The World ◽  
Tax Deductions ◽  
Cost Of Production ◽  
Oil And Gas Companies ◽  
First Time ◽  
Oil And Gas Sector

The study compares domestic and foreign companies in the oil and gas sector for the first time and identifies the distinctive features of each group. The results of calculations showed that the profit of any large oil and gas company is affected by revenue, cost of production and the amount of tax deductions. Moreover, the refinancing rate of the country where the company is registered is important for the activities of oil and gas companies.

scholarly journals Impact of changes in economic pressures on the activities of foreign oil and gas companies in Venezuela

2021 ◽  
Vol 29 (2) ◽  
pp. 312-323
Author(s):  
Elmira A. Chadaeva ◽  
Elvis Ojeda Kalluni
Keyword(s):  
Oil And Gas ◽  
State Regulation ◽  
Strategic Partnerships ◽  
Oil Companies ◽  
Foreign Companies ◽  
Slowing Down ◽  
Tax Legislation ◽  
Tax Regimes ◽  
Exxon Mobil ◽  
Oil And Gas Sector

The article discusses several new laws in the oil and gas sector of Venezuela, which appeared at the beginning of the 21st century. It also presents the tax regimes in this area of the country and the types of tax and economic burdens that apply to these regimes; highlights the main problematic aspects of changes in tax legislation and the consequences on the activities of foreign companies and the development of the oil and gas sector of the country as a result of such changes. It is concluded that the increase in state revenues not solve the problem of attracting investments in the oil and gas sector of the country, and only scare off a large company in the future (Exxon Mobil and ConocoPhillips have left the Venezuelan market), resulting in a fall in production at the country, its government revenues, and then slowing down economic growth in the country. As an alternative approach to improving state regulation and the conduct of the oil business in the country, the options for improving this situation are presented: to increase the share of foreign companies in strategic partnerships; review the tax system for oil companies; allow some programs to be implemented directly by foreign companies; and propose new distribution and profitability schemes that will adapt to the current international hydrocarbon market.

scholarly journals EVALUATION OF THE REGIONAL EFFECTS FROM REALIZATION OF INVESTMENT PROJECTS IN THE CIRCUMPOLAR ZONE

2018 ◽  
Vol 9 (2) ◽  
pp. 302-311
Author(s):  
K. N. Arkhipova
Keyword(s):  
Oil And Gas ◽  
Investment Projects ◽  
Regional Effects ◽  
Autonomous District ◽  
Scenarios Analysis ◽  
Projected Methods ◽  
Positive Direct ◽  
Regional Authorities ◽  
Oil And Gas Sector ◽  
Nenets Autonomous

Purpose: the aim of the thesis – analyze the development of the oil and gas sector of the Yamal-Nenets Autonomous District and assess the influence exerted by them on the socio-economic and environmental dynamics of the region.Methods:the methodological foundations of the research are based on modeling scenarios, analysis of open statistical sources, projected estimates and calculations, projected methods. As open statistical sources were used the data of the official statistics, analytical materials of international organizations, federal and regional authorities.Results:the main result of the research is the author's methodology for assessing regional effects arising from the implementation of investment projects. Based on the created methodology, regional effects resulting from the implementation of investment projects in the Yamal-Nenets Autonomous District were identified, according to the analysis of which developed recommendations to strengthen their localization in the region.Conclusions and Relevance:during the analyzed period the carried out calculations of regional effects showed that the positive direct effects emerge in the economic sector only while indirect ones are too weak in the Yamal-Nenets Autonomous District. In these conditions, the regional authorities face the problem to strengthen the localization of direct and indirect effects in the region, because the investment projects can be a locomotive for the development of the region’s prosperity.

scholarly journals DETERMINATION OF THE SUSTAINABILITY OF THE PROJECT PORTFOLIO OF THE OIL AND GAS SECTOR OF THE ECONOMY TO EXTERNAL FACTORS

2021 ◽  
pp. 32-40
Author(s):  
L.S. Leontieva ◽  
◽  
E.B. Makarova ◽  
Keyword(s):  
Oil Recovery ◽  
Portfolio Management ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
External Factors ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

The oil and gas sector of the economy in many states remains the main source of foreign exchange and tax revenues to the budget. Moreover, its share, for example, in Russia, accounts for about 12 % of all industrial production. However, this sector, as the practice of world oil prices shows, is experiencing not only a rise, but also a decline. Consequently, the problem of forming a balanced portfolio of oil and gas assets is an object of close attention on the part of national oil and gas companies. The issues of choosing the optimal combination of oil and gas assets in the portfolio are no less urgent, especially among the tasks that all oil and gas companies face, both in Russia and abroad. An investment portfolio or a portfolio of oil and gas assets, which includes new projects for the commissioning of fields, as well as measures to enhance oil recovery, and exploration are objects of real investment. The high volatility of the oil and gas industry is influenced by various factors, including: macroeconomic, innovation risks and a number of others. These circumstances stimulate the sector to increase the resilience of its project portfolios in order to respond flexibly to changes. In an increasingly challenging and uncertain environment, oil and gas companies around the world face constant pressures as difficult strategic decisions and building long-term plans lead to a sustainable portfolio. In order to achieve their goals and maximize profitability, companies should apply certain algorithms in their practice. The article substantiates the role and importance of project portfolio management in achieving the goals of the state and companies in the oil and gas sector. The main goal of the article is to build an algorithm that is aimed both at determining the stability of the portfolio and the ability to flexibly respond to changes in the environment. The scientific novelty of the research lies in the determination of an algorithm for assessing the sustainability of a portfolio of projects of oil and gas companies. Application of this algorithm will allow oil and gas companies to take into account the influence of external factors. The research methodology is based on such methods as analysis of internal regulations and reporting of companies for project portfolio management, risk analysis, project ranking; grouping and classification method.

scholarly journals STRATEGIC ANALYSIS OF COMPETITIVE POSITIONS OF OIL AND GAS COMPANIES IN KAZAKHSTAN

2017 ◽  
pp. 79-85
Author(s):  
Tatyana Vasilyevna Pervitskaya ◽  
Olga Anatolievna Gavrilova ◽  
Tamara Nikolaevna Nikulina ◽  
Maria Vladimirovna Shendo
Keyword(s):  
Oil And Gas ◽  
Oil Production ◽  
World Market ◽  
Strategic Analysis ◽  
Foreign Companies ◽  
The Matrix ◽  
Exploration Drilling ◽  
Abc Analysis ◽  
Oil And Gas Companies ◽  
Oil Gas

The article highlights the methods of strategic analysis in order to define the competitive positions of oil and gas companies of Kazakhstan. The forecast of oil production in Kazakhstan in 2016-2030 in the context of land and sea production and the footage in exploration drilling in Kazakhstan in the context of the largest customers have been submitted. The main barriers for entering and functioning of the market of oil sale have been defined. Oil production by the companies subject to the share of "National Company KazMunaiGas", JSC has been analyzed. The characteristic of the market of oil production and petroservice has been given. The competitive analysis revealed that dynamics of the market share in 2015-2016 for the majority of the presented companies was stated as negative, which was the result of growing competition from the foreign companies (Chinese) and strengthening of competitive force of "JSCKazMunaiGas", JSC and its affiliates (50% and 100% societies). The strategic analysis of the leading oil and gas companies of Kazakhstan was fulfilled with application of methods of ABC analysis; it allowed to reveal groups of oil and gas companies in the Kazakhstan market which have the greatest impact on formation of significant indicators in the considered economic area. There has been built the matrix of analysis of growth rate of branch share and sales in the context of dynamics of exploration drilling, revenues from sales of oil, gas and their processing products. The market leader is "Tengizshevroil", JSC. It has been found that the external economic conditions, which were characterized by low price per oil barrel in the world market, had a great impact on the oil production sector in Kazakhstan.

The rise of shareholder activism—what you need to know

2015 ◽  
Vol 55 (2) ◽  
pp. 448
Author(s):  
Mark Malinas
Keyword(s):  
Oil And Gas ◽  
Shareholder Activism ◽  
Share Price ◽  
Strategic Direction ◽  
The Us ◽  
Dramatic Rise ◽  
Under Performing ◽  
And Performance ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

The past few years have seen a dramatic rise in shareholder activism in Europe and the US and it is a trend becoming more common in Australia. Companies operating in the oil and gas sector have been subject to particular attention and there are a growing number of examples of this in Australia. The targets of shareholder activism range in size and performance, but are often companies with perceived board weakness, those that are considered to adhere to outdated corporate governance, those whose strategic direction is in question or those that have an under-performing share price, though other factors can also be relevant. Using these issues or concerns as a pretext, activists are increasingly focused on using tactics that allow them to exert control or exercise influence to realise returns or agitate for change in companies that: have significant assets (such as oil and gas reserves) relative to their market value; have high costs, large capital expenditures and long revenue generation lead time (such as exploration projects); or, operate in low growth or fluctuating markets (such as with the price of oil and gas). Unsurprisingly, the oil and gas sector is being increasingly seen by certain funds and investors as fertile ground for shareholder activism. The Australian legal landscape also presents shareholders with a platform from which to exert influence. For instance: shareholders are able to requisition general meetings (and resolutions to be put to those meetings) if they hold sufficient shares and put the entire board up for re-election following the introduction of the two strikes rule; and, directors are required to adhere to statutory and common law duties in responding to shareholders. Shareholder activist campaigns are often played out in public and can be highly disruptive to companies’ operations. Accordingly, directors and senior management of oil and gas companies should be aware of shareholder activism in Australia and, in the broader interests of all shareholders and their company, consider how they should respond or be ready to respond. This may be done through various processes, including testing the company’s perceived weaknesses and addressing them and having a plan to address activism should it arise.

Analysis of Applicability of Approaches to Factor Analysis During the Monitoring Investment Projects Cost Deviations in Oil and Gas Industry

2017 ◽  
Vol 6 (3) ◽  
pp. 3-18
Author(s):  
Игорь Демкин ◽  
Igor Demkin ◽  
Д. Власов ◽  
D. Vlasov ◽  
Владимир Бархатов ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Project Planning ◽  
Planning System ◽  
Project Portfolio ◽  
Gas Industry ◽  
Investment Projects ◽  
Limited Opportunity ◽  
Proactive Measures ◽  
Oil And Gas Companies

Strategic projects of oil and gas companies regularly overcome the budget. High capitalization of these projects leads to the fact that even small relative cost deviations result in significant additional investments. Under present conditions of economic and political pressure, characterized by a limited opportunity to raise loan capital, there can be no additional investments leading to impossibility of new oil and gas projects realization or stop those being realized. One of the ways to prevent such a negative scenario is to improve the project planning system taking into account the results of monitoring the project portfolio cost deviations. It will not only allow companies to take into account the causes of deviations in several projects, but also help to develop and implement proactive measures.

scholarly journals TAX RISKS IN THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY 

2019 ◽  
Author(s):  
А.Х. Цакаев ◽  
А.Р. Батукаева
Keyword(s):  
Financial Reporting ◽  
Oil And Gas ◽  
Financial Statements ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Consolidated Financial Statements ◽  
Financial Reporting Standards ◽  
Russian Economy ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

Представлены результаты оценки налогового риска ПАО НК Роснефть , ПАО Газпром и ПАО ЛУКОЙЛ согласно общедоступным критериям самостоятельной оценки рисков для налогоплательщиков Концепции планирования выездных налоговых проверок, исходя из данных консолидированной финансовой отчетности, подготовленной в соответствии с международными стандартами финансовой отчетности, позволившие сделать вывод о предложении по преобразованию данной Концепции под международные стандарты финансовой отчетности. Сформулированы предложения по обеспечению снижения уровня налоговых рисков в деятельности российских нефтегазовых компаний Results of assessment of tax risk of PJSC Rosneft, PJSC Gazprom and PJSC Lukoil according to public criteria of independent risk assessment for taxpayers of the Concept of planning of exit tax audits, proceeding from data of the consolidated financial statements prepared according to International Financial Reporting Standards, allowed to draw a conclusion on the offer on transformation of this Concept under International Financial Reporting Standards are presented. Offers on ensuring decrease in level of tax risks in activity of the Russian oil and gas companies are formulated.

scholarly journals Desenvolvimento de Framework para elaboração de rankings e análises dos relatórios de sustentabilidade de companhias integradas de óleo e de gás com abordagem no GRI

ForScience ◽  
2019 ◽  
Vol 7 (2) ◽  
Author(s):  
Ary Branco Adurens Júnior ◽  
Eduardo Christiano Cecone ◽  
Chang Chung Wei ◽  
Fernando Gasi ◽  
Douglas Alves Cassiano
Keyword(s):  
Oil And Gas ◽  
International Organization ◽  
Gaseous Emissions ◽  
Information Analysis ◽  
Emission Data ◽  
European Origin ◽  
Data Presentation ◽  
Sustainability Reports ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

O Global Report Initiative (GRI) é uma organização internacional, sem fins lucrativos, que disponibiliza dados de emissões e diretrizes para elaboração de relatórios de impacto na sustentabilidade em diversos segmentos industriais, como o setor de óleo e de gás. Entretanto, limita-se à disponibilização dos dados, não procedendo outras análises, no sentido de produzir informações mais elaboradas, como por exemplo, o estabelecimento de benchmarks. Neste sentido, o presente trabalho propõe um framework, visando a organizar as informações na elaboração de rankings das companhias integradas de óleo e gás, verificando-se as relações existentes entre informações de produção e emissões de gases, utilizando uma correlação produto-momento. Como resultado específico, obtiveram-se rankings relativos à produção e indicadores de emissões das companhias integradas de óleo e gás. Infere-se do estudo que as empresas deste segmento energético mais produtivas também são as que mais provocam emissões, e também que, empresas de origem europeia apresentam tendência a produzirem menos emissões que empresas originárias de outras partes do mundo. Com a análise das informações decorrentes do ranking obtido da aplicação do framework proposto, há a possibilidade de as empresas integradas do segmento de óleo e gás planejarem de forma mais assertiva suas atividades, no que tange a um posicionamento sustentável por parte delas.Palavras-chave: Emissões gasosas; Companhias integradas de óleo e gás; Ranqueamento. Global Report Initiative.Framework development for ranking elaboration and analysis of integrated oil and gas companies sustainability reports with GRI approachAbstractThe Global Report Initiative (GRI) is an international organization, non-profitable, that provides emission data and elaboration guidelines of sustainability reports for various industrial segments, such as the oil and gas sector. However, its limited to data presentation without any further analyzes being carried out aiming the production of more elaborated information as benchmark establishment. Therefore, in the present work, a own framework was proposed to organize the information in the elaboration of rankings of the integrated companies of oil and gas, verifying the existing relations between the production information and emissions of gases using a product-moment correlation. As a result, production and emission indicator rankings of integrated oil and gas companies were obtained. It is inferred from the study that the most productive companies in this energy segment are also the ones that cause the most emissions, and that companies of European origin tend to produce less emissions than companies from other countries. With the information analysis derived from the ranking obtained from the application of the proposed framework, it is possible for integrated oil and gas companies to more assertively plan their activities, aiming at their sustainable positioning.Keywords: Gaseous emissions. Integrated oil and gas companies. Rankings. Global Report Initiative.

scholarly journals ASSESSMENT OF THE EFFICIENCY OF INVESTMENT PROJECTS OF THE PUBLIC-PRIVATE PARTNERSHIP IN THE OIL AND GAS SECTOR OF RUSSIA

2019 ◽  
Vol 2 (5) ◽  
pp. 249-256
Author(s):  
Arseniy Belozsertsev ◽  
Irina Provornaya
Keyword(s):  
Oil And Gas ◽  
Linear Estimation ◽  
Hypothetical Model ◽  
Private Partnership ◽  
Investment Projects ◽  
The Public ◽  
Oil And Gas Sector ◽  
Positive Effect ◽  
Project Realization

The linear model for «Yamal LNG» is estimated using DCF method. The hypothetical model without PPP mechanisms is also considered in the article. The linear estimation is not enough for a huge long-term project. Therefore, the risk analysis is carried out in the article. The positive effect on region development is shown in order to estimate social sides of the project realization. As a result, we get project’s NPV of $1,337 blns, which would be true with 49,3% likelihood. The denial of PPP mechanisms leads to $-7,1 blns NPV.

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