scholarly journals Comparative Analysis of the Financial Situation in the Oil and Gas Industry in Russia and China in the Context of the COVID-19 Pandemic

2021 ◽  
Author(s):  
Maria Petrovskaya ◽  
Xiaowei Ding
Keyword(s):  
Comparative Analysis ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Financial Situation

scholarly journals Iran’s Oil and Gas Legal Framework: from Exploration to Revolution

2019 ◽  
Vol 6 (1) ◽  
pp. 15-22
Author(s):  
Mahmoud Fard Kardel
Keyword(s):  
Comparative Analysis ◽  
Turning Point ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Legal Framework ◽  
Gas Industry ◽  
The Third ◽  
Second Period ◽  
Petroleum Oil

The main purpose of this article is to examine Iran’s legal and contractual framework for their petroleum, oil and gas industry. Basically, the legal and contractual framework of the Iranian oil and gas industry has been classified into three periods. The first period is from the exploration and discovery of oil in Iran to nationalisation (1901-1951), the second period is from nationalisation to revolution (1951-1979), and the third period is from revolution to the present day (1979-20016).Because each period has its own features and importance two articles will examine this topic. The first period (from exploration to nationalisation, 1901-1951), and second period (from nationalisation to revolution, 1951-1979), has been examined in this article with legal and comparative analysis, and the third period (1979-2016) will be covered in a later article.It should be mentioned that each contractual framework was a turning point regarding to opportunities and circumstances that they have been in that time and also each of those petroleum contractual regimes were a step toward to contractual framework evolution in Iran.

scholarly journals Analysis of financial and economic indicators, characterizing the activities of organizations in the oil and gas industry

2020 ◽  
Vol 17 (1) ◽  
pp. 69-78 ◽  
Author(s):  
L. A. Chaldaeva ◽  
T. I. Chinaeva ◽  
A. S. Bogopolskiy
Keyword(s):  
Comparative Analysis ◽  
Statistical Methods ◽  
Significant Contribution ◽  
Oil And Gas ◽  
Great Influence ◽  
Oil Industry ◽  
Oil And Gas Industry ◽  
Economic Indicators ◽  
Gas Industry ◽  
Important Place

Purpose of the study. The oil and gas industry occupies an important place in the Russian economy. The financial position of any organization is determined by its financial results, where profit is a key indicator in a market economy and an indicator of the success of the company. The aim of this work is to study the state and development of the oil and gas industry, analysis of the main financial indicators, characterizing the activities of a number of oil producing companies selected in the SPARK database using economic and statistical methods.Materials and methods. The research information base is statistical data and analytical information reflecting the financial component of the oil and gas industry. The research methodological base is represented by economic and statistical methods of information analysis.Results. The analysis of the main trends in the development of trade in the international oil trade is carried out, the key determinants of the modern world oil market are highlighted, the economic situation in the Russian oil industry is analyzed, which showed that there is a decrease in oil production associated with the OPEC + agreements; the share of exports of crude oil increases; the share of exports of refined oil decreases; the government is developing measures to reduce the dependence of budget revenues on the oil and gas industry.The main types of profit, such as gross profit, sales profit, before-tax profit, net profit are considered. It is worth noting that these categories of profit are interconnected, since one category follows from another, depending on the items of income and expense inherent in a particular type of profit. The analysis of a number of indicators, characterizing the financial activities of organizations of the oil and gas complex was carried out, the totality of oil producing organizations based on the SPARK database was selected, and a comparative analysis of the financial activities of two organizations of the oil and gas complex was carried out.Conclusion. The oil and gas industry is a key sector of the economy, making a significant contribution to the social and economic development of our country. Revenues from the activities of the oil and gas complex make a significant contribution to the country’s GDP and are a significant component of the budget.In this paper, an analysis of a number of financial and economic indicators, characterizing the activities of organizations of the oil and gas complex was carried out. The financial condition of the organization is largely determined by its financial results – profit or loss. The main indicators of the financial results of the organization are profit and profitability, which depend on many internal and external factors. Including, industry features have a great influence. A set of oil-producing organizations based on the SPARK database was selected in the work. By the example of organizations JSC “IDELOIL” and Ltd “NEDRA-K”, a comparative analysis of financial and economic indicators was carried out, directions for increasing gross profit and gross margin indicators were proposed and justified in order to reduce costs and increase revenues.As a result, it was concluded that the oil industry in Russia depends on political and economic factors, in this regard, it is necessary to regularly analyze the activities of organizations in this industry to identify miscalculations, low-active functioning systems, etc., with the purpose of more efficient functioning of the industry.

Technological Power as a Strategic Dilemma: CO2 Capture and Storage in the International Oil and Gas Industry

2012 ◽  
Vol 12 (1) ◽  
pp. 8-29 ◽  
Author(s):  
Andreas Tjernshaugen
Keyword(s):  
Climate Change ◽  
Comparative Analysis ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Change Strategies ◽  
Gas Industry ◽  
Mitigation Option ◽  
Long Time ◽  
Oil And Gas Companies ◽  
And Storage

This article offers a comparative analysis of the emergence of CO2 capture and storage (CCS) activities and strategies in three multinational oil and gas companies. Exxon/ExxonMobil was first to make plans for a major, pioneering CCS project, but later pursued a relatively cautious strategy. In contrast, BP showed little interest in CCS up until 1997, but from that point on developed a particularly ambitious strategy. Statoil, meanwhile, has been relatively strongly involved in CCS activities for a long time. An explanatory framework with potential for wider application is developed, highlighting how the overall compatibility of CCS with oil and gas industry characteristics created a strategic dilemma for the companies. In explaining their responses, the article emphasizes the process towards institutionalization of CCS as a widely recognized mitigation option, and the three companies' different climate change strategies.

scholarly journals Comparative Analysis of Gas Purchase Contracts

1971 ◽  
Vol 9 (3) ◽  
pp. 479
Author(s):  
Gary A. Holland
Keyword(s):  
Comparative Analysis ◽  
Natural Gas ◽  
Income Tax ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Western Canada ◽  
Gas Industry

Gas Purchase Contracts, like all other contracts in the oil and gas industry, are constantly in the process of evolution and there are many existing forms of Gas Purchase Contracts. This article consists of comparative analysis of the provisions of four Gas Purchase Contracts in use in the natural gas indus try. The article commences with discussion of clause that has only recent ly been included in Gas Purchase Contracts in Western Canada, the prepay ment clause, indicates possible income tax problems arising out of the clause and considers provisions with respect to repayment of the prepayment. The article then discusses the most favoured nations clause and points out that it is important to determine the extent of the applicability of the clause to the provisions of subsequent contract. The article concludes with an analy sis of the remaining clauses in typical Gas Purchase Contract.

Deployment of Digital NDT Solutions in the Oil and Gas Industry

2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

The Political Economy of Power: Approaches to the Analysis of Relationships between the State and Business in Russia

2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik
Keyword(s):  
Oil And Gas ◽  
Road Construction ◽  
Oil And Gas Industry ◽  
Retail Trade ◽  
Business Community ◽  
The Political ◽  
Economic Power ◽  
Gas Industry ◽  
The Road ◽  
Ruling Elites

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.

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