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 THE STRATEGY FOR THE DEVELOPMENT OF THE ARCTIC ZONE OF THE RUSSIAN FEDERATION AND FOR ENSURING NATIONAL SECURITY HAS BEEN DEVELOPED. OIL AND GAS — WHAT TO DO?

2020 ◽  
Vol 226 (6) ◽  
pp. 32-64
Author(s):  
VASILY I. BOGOYAVLENSKY ◽  
Keyword(s):  
National Security ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Economic Security ◽  
The Arctic ◽  
Gas Industry ◽  
Current State ◽  
Policy And Strategy ◽  
Oil And Gas Resources ◽  
Goals And Objectives

The characteristic of the current state of the oil and gas industry of Russia in the Arctic is given. The main threats to the ecological and economic security of Russia are analyzed. The main goals and objectives of the state policy and strategy of Russia in the development of oil and gas resources in the Arctic are considered. Recommendations for reducing threats to Russia’s national security are given. The main goal of the strategy for natural resources management in the Arctic is substantiated — to prevent catastrophic events that cause major damage to the ecosystem, and also involve large economic and reputational risks for the image of the country.

EVALUATION OF THE ABSOLUTE RESULTS OF THE LEADING COMPANIES OF THE OIL AND GAS COMPLEX: PROBLEMS AND PROSPECTS

2021 ◽  
Vol 3 (11) ◽  
pp. 6-12
Author(s):  
Lyudmila V. Goloshchapova ◽  
◽  
Elena V. Maltseva ◽  
Keyword(s):  
Oil And Gas ◽  
Balance Sheet ◽  
Oil And Gas Industry ◽  
Financial Statements ◽  
The State ◽  
Gas Industry ◽  
Factors Affecting ◽  
Complex Problems ◽  
The Absolute ◽  
Statistical Indicators

The study is devoted to the analysis of the balance sheet profit of the leading companies in the oil and gas industry. The types of profits were considered, as well as the dynamics of the changes in indicators affecting their formation were analyzed. In addition, the article considers the composition and struc-ture of the balance sheet profit, factors affecting its size. Based on the financial statements of the companies, an idea of the state of profit in the companies «Rosneft», «Lukoil», «Gazprom» and «Tatneft» has been com-piled. The paper analyzes quantitative statistical indicators that reflect the results achieved from 2016–2020.

scholarly journals MANAGEMENT AUTHORITY OF OIL AND GAS RESOURCES IN ACEH TERRITORY AFTER SIGNING THE GOVERNMENT REGULATION NUMBER 23 YEAR 2015

2018 ◽  
Vol 3 (Number 2) ◽  
pp. 59-69
Author(s):  
Azhari Yahya ◽  
Nurdin MH
Keyword(s):  
Government Regulation ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Oil And Gas Fields ◽  
Oil And Gas Resources ◽  
Free Aceh Movement ◽  
The Government ◽  
Gas Fields ◽  
Energy Law

The oil and gas industry in Indonesia has been started since 1871 by Royal Dutch Shell. Meanwhile, the oil and gas industry in Aceh began in 1971 which was marked by the discovery of the Arun oil and gas fields. At that time, the management of oil and gas is done centrally by not involving the Government of Aceh as a regional producer. This led to armed conflict between the Government of Indonesia and the Free Aceh Movement and prolonged conflict (for 32 years) ended with the approval of the joint oil and gas management pattern found in the territory of Aceh as stipulated in the MoU Helsinki on August 15 2005, Law No. 11 of 2006 concerning the Government of Aceh and Government Regulation No. 23 of 2015 concerning Joint Management of Oil and Gas in Aceh. In order to finalize joint oil and gas management in Aceh, universities, especially the Faculty of Law, need to immediately prepare human resources who are competent in the oil and gas and energy law so that they are skilled at negotiating and drafting a Production Sharing Contracts (PSC) for oil and gas or Kontrak Bagi Hasil (KBH). For this purpose, law faculties need to immediately incorporate oil and gas and energy law courses into their curriculum.

Developing vietnam's oil and gas industry in association with energy and economic security in the international integration period

2021 ◽  
Vol 11 ◽  
pp. 55-61
Author(s):  
Thuong San Ngo
Keyword(s):  
Energy Balance ◽  
Energy Demand ◽  
Oil And Gas ◽  
Renewable Resource ◽  
Oil And Gas Industry ◽  
Primary Energy ◽  
Economic Security ◽  
Total Production ◽  
State Budget ◽  
Gas Industry

Oil and gas is a non-renewable resource that plays an important role in the economy. It is forecasted that by the middle of the twenty-first century, oil and gas still holds the leading position in primary energy balance in many countries. The world energy consumption in 2020 was over 4.1 billion tons of oil and 3,853 billion m3 of gas [1]. During 60 years of construction and development, Vietnam's oil and gas industry has made important contributions to the economy, especially helping the country overcome the energy crisis and budget deficit in the 1990s. By the end of 2020, the total production amounted to over 424 million tons of oil and condensate, and over 160 billion m3 of gas; at one time even contributing nearly 30% of the State budget and 22 - 25% of the GDP. Especially, the formation of important coastal petroleum industrial zones and oil and gas projects on the continental shelf have contributed to ensuring national sovereignty and national security. The demand for oil and gas in the energy balance increases rapidly with the speed of socio-economic development. It is forecasted that in the near future, Vietnam will no longer be self-sufficient in supply and must import completely to meet the country's energy demand. In parallel with proactively implementing urgent technical and technological solutions, Vietnam's oil and gas industry needs mechanisms to increase reserves and maintain oil and gas output, as well as prepare the next steps for transition to energy forms with low greenhouse gas emissions and renewable energy.

scholarly journals Forecasting of Technology Development of the Arctic Hydrocarbon Resources’ Extraction

2020 ◽  
Vol 162 ◽  
pp. 01008
Author(s):  
Tatiana Chvileva
Keyword(s):  
Oil And Gas ◽  
Technology Development ◽  
Arctic Region ◽  
Oil And Gas Industry ◽  
Integrated Approach ◽  
The Arctic ◽  
Gas Industry ◽  
Industrial Systems ◽  
Technological Forecasting ◽  
Energy Needs

The Arctic region has a great potential in development of hydrocarbon resources and can play an important role in meeting future global energy needs. In the presented work the specific features of the Arctic hydrocarbon projects are identified. Key needs of oil and gas industry in technology development within the framework of projects of extraction of hydrocarbon resources in the Arctic are revealed. A critical analysis of technological forecasting methods is presented. Problems and prospects of their use in the conditions of the Arctic zones are established. The need for an integrated approach to forecasting the development of industrial systems of the Arctic zone is justified.

scholarly journals ARBITRATION AND PUBLIC POLICY IN BRAZIL: A STUDY BASED ON ‘LULA CASE’

2018 ◽  
Vol 4 (5-6) ◽  
pp. 223-264
Author(s):  
Carolina Barreira Lins
Keyword(s):  
Public Policy ◽  
Natural Resources ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Gas Industry ◽  
National Courts ◽  
Arbitration Clause ◽  
Exploration And Production ◽  
The Right

This work examines the subject of jurisdiction and arbitrability of issues related to energy and natural resources in the world, in order to enhance the arbitration institute in Brazil. The study is based on a recent case pending in Brazilian courts, named “Lula case”, which refer to a dispute between the State and concessionaires that grant the right to explore and produce oil and gas in a determined area. The presence of arbitration clauses in the concession contracts for exploration and production of oil and gas in Brazil raises questions related to the disposability of the rights concerned. It is paramount to set benchmarks on arbitral tribunals’ power to decide on these matters and to define to what extent arbitral awards may defy public policy, national sovereignty over natural resources and national courts’ jurisdiction to render decisions in this regard. Otherwise, the randomness of judicial decisions makes the arbitration clause ineffective. Moreover, the Lula case arises substantive issues related to the necessity to protect investors in the oil and gas industry, since acts arguably connect to the State policy power may cause damages to the private parties. The work critically examines the decision given by national courts so far and proposes an international approach to face situations involving the State and the necessity to protect investors in the oil and gas industry.

scholarly journals INFLUENCE OF DIGITAL TECHNOLOGIES ON CAPITALIZATION OF OIL AND GAS BUSINESS

2020 ◽  
Vol 4 (34) ◽  
pp. 66-71
Author(s):  
O.E. Malykh ◽  
◽  
Yu.V. Khodkovskaya ◽  
Keyword(s):  
Financial Management ◽  
Oil And Gas ◽  
Action Plan ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Integrated Approach ◽  
Digital Transformation ◽  
Gas Industry ◽  
Additional Advantage ◽  
The Impact

The problems of global economic growth are largely due to factors in the dynamics of the oil and gas sector. New requirements for the quality, quantity and timing of the supply of hydrocarbons create opportunities for the development and increase of the efficiency of the oil and gas business, including the growth of its capitalization. For the oil and gas industry, the digital transformation goes beyond the tactical use of technology, the business model is being transformed by accelerating the spread of innovation and the constant growth of practical efficiency, which significantly changes strategic guidelines. The article presents an analysis of the impact of digital technology on the financial aspects of the oil and gas business. The objective obstacles to its digitalization are described, which can form the basis for developing recommendations for promoting digital technologies in this segment of the economy. The advancement of scientific and technological progress and the automation of many stages of production processes are factors in the possible growth in the capitalization of the oil and gas business. Studies have shown that existing technologies are not always able to facilitate this process. Underfunding of the information and computing infrastructure of companies can become a serious problem on the way to strengthening the financial component of the oil and gas business. In the Russian oil and gas industry, the use of additional digital platforms and innovations is an additional advantage for increasing operating profit. The article discusses the cybersecurity of the oil and gas business based on an integrated approach and the implementation of all aspects of the oil and gas company: information, organizational and technological. A group of cyber defense tools is proposed. A new model of the digital transformation of oil and gas companies is proposed to formulate an action plan for the use of digital technologies, to solve tactical problems and strategic goals of the oil and gas business, to ensure its capitalization growth. It is shown that business capitalization under the influence of digital technologies allows the oil and gas industry to implement the latest achievements in the field of cloud computing, digitalization of oil fields, service-oriented architectures and industrialization, significantly expanding the possibilities of corporate financial management.

scholarly journals ARBITRATION AND PUBLIC POLICY IN BRAZIL: A STUDY BASED ON ‘LULA CASE’

2018 ◽  
Vol 4 (5-6) ◽  
pp. 223-264
Author(s):  
Carolina Barreira Lins
Keyword(s):  
Public Policy ◽  
Natural Resources ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Gas Industry ◽  
National Courts ◽  
Arbitration Clause ◽  
Exploration And Production ◽  
The Right

This work examines the subject of jurisdiction and arbitrability of issues related to energy and natural resources in the world, in order to enhance the arbitration institute in Brazil. The study is based on a recent case pending in Brazilian courts, named “Lula case”, which refer to a dispute between the State and concessionaires that grant the right to explore and produce oil and gas in a determined area. The presence of arbitration clauses in the concession contracts for exploration and production of oil and gas in Brazil raises questions related to the disposability of the rights concerned. It is paramount to set benchmarks on arbitral tribunals’ power to decide on these matters and to define to what extent arbitral awards may defy public policy, national sovereignty over natural resources and national courts’ jurisdiction to render decisions in this regard. Otherwise, the randomness of judicial decisions makes the arbitration clause ineffective. Moreover, the Lula case arises substantive issues related to the necessity to protect investors in the oil and gas industry, since acts arguably connect to the State policy power may cause damages to the private parties. The work critically examines the decision given by national courts so far and proposes an international approach to face situations involving the State and the necessity to protect investors in the oil and gas industry.

scholarly journals MECHANISMS AND INSTRUMENTS FOR ENSURING ECONOMIC SECURITY OF OIL AND PETROCHEMICAL ENTERPRISES

2020 ◽  
Vol 8 (1) ◽  
pp. 126-130
Author(s):  
Camila Weisman
Keyword(s):  
Crude Oil ◽  
Oil And Gas ◽  
Raw Materials ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Economic Security ◽  
Gas Industry ◽  
Important Direction ◽  
The Russian Federation ◽  
Oil And Gas Sector

The oil and gas industry remains for Russia the most important source of income, a strategic industry. According to official figures of the Ministry of Finance of the Russian Federation, income from the oil and gas sector, according to the results of 2019, is 40% of the total budget of the country. A large volume of crude oil and gas is exported from the country. The tax burden on raw materials reaches up to 60% of the initial cost, which makes oil production at new fields extremely unprofitable. The most important direction for the country is the transition from a strategy for the sale of crude oil products to refined ones, which have an additional cost. The article discusses the features of domestic oil production, analyzes the reasons for overpriced in comparison with competitive raw materials from other oil producing leader countries. The strategy of ensuring the economic security of the industry is noted, the main tools are listed and the mechanisms for ensuring the economic security of petrochemical industry enterprises are presented.

scholarly journals Classification of oil and gas-bearing territories of Russia and the structure of the oil and gas industry of the regions

2021 ◽  
Vol 7 (2) ◽  
pp. 422-427
Author(s):  
Danil Petrovitch Egorov
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Qualitative Assessment ◽  
Resource Base ◽  
Gas Industry ◽  
The Russian Federation ◽  
Gas Bearing

The article is devoted to the qualitative assessment of the state of the oil and gas industry in the Russian Federation based on the context of administrative-territorial units. It was realized that the data provided by different sources differs due to the variation in the calculation methods used, and the lack of detailed regional reports from foreign agencies shows the novelty of the research. In the current research the projection of administrative borders on the territory of oil and gas-geological zoning is used. To determine the degree of the dependence of regional economies from the oil and gas industry, current data about the state of the mineral resource base in the subjects of the Russian Federation were compared with the geography of the location of processing enterprises. On the basis of the obtained materials, the classification of oil and gas-bearing territories is carried out.

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