scholarly journals Corporate social responsibilities of international oil companies as a panacea to conflict management in selected host communities in southern Nigeria

2021 ◽  
Vol 11 (3) ◽  
pp. 351-362
Author(s):  
Kenneth Chisom Gbali ◽  
Vincent Ezikornwor Weli ◽  
Prince Chinedu Mmom
Keyword(s):  
Conflict Management ◽  
Oil And Gas ◽  
Group Discussion ◽  
Secondary Data ◽  
Sample Size Determination ◽  
Statistical Tool ◽  
Oil Companies ◽  
Capacity Data ◽  
Corporate Social ◽  
The Relationship

The study examined corporate social responsibility and management of Oil-related conflicts in South-South Nigeria. The CSR was seen as rooted in the relationship between employee, business and State-social relationship. The aim of the study is to examine the level of relationship between the oil companies and the host communities. Objectives to Investigate the CRS programs carried out by IOC’s in the host communities, Ascertain the significance of CSR as conflict management strategy by IOC’s to the host communities, Evaluate the factors affecting the implementation of the CSR by some IOC’s in the region. The population of the study area was 2,358,000. The Taro Yamene formula for sample size determination was used to arrive at 400 for the study of the 27 host Communities. Three core oil producing States were selected. Out of these three State, three Local Government areas and three communities each based on their oil producing capacity. Data collection was semi-structured: questionnaire interviews, focused group discussion. Secondary data was by reports, books, and journals. Descriptive tool such as frequency, mean, standard deviation, tables and maps was used to answer research questions. The statistical tool for hypothesis testing was independent T test. The study revealed that frequent conflicts in the study area have been characterized by the relationship between Oil prospecting Companies and their host communities; a close look at the conflicts shows that most of such have direct or indirect link with IOC’s, as a result of inadequate CSR management. Some recalcitrant cash-in by way of vandalism, etc., others through legitimate agitations. The impacts of a supposed sustainable development of oil and gas exploration in the area is hitherto environmental degradations, e.g. effluents, unemployment, lack of social amenities, non-inclusion. The study recommended a practicable participatory paradigm shift, where planning with the Community will be mainstreamed.

scholarly journals ACCOUNTING INFORMATION QUALITY AND CORPORATE PERFORMANCE OF OIL AND GAS COMPANIES IN NIGERIA

2021 ◽  
pp. 25-44
Author(s):  
T.C. Macgregor ◽  
J.N Nwaiwu
Keyword(s):  
Information Quality ◽  
Oil And Gas ◽  
Corporate Performance ◽  
Accounting Information ◽  
Return On Equity ◽  
Oil Companies ◽  
Qualitative And Quantitative ◽  
Accounting Information Quality ◽  
Oil And Gas Companies ◽  
The Relationship

But knowing the unknown and therefore estimating the relationship between accounting information quality and corporate performance are still a difficult task. The aim of this empirical study is to explore the relationship between the accounting information quality and corporate performance of oil and gas companies in Nigeria. Data on different types of accounting information quality and return on equity were primarily collected from the respondents and analyzed using ordinary least square regression analysis the data with the aid of statistical package for social sciences version 25.0. The empirical result indicates that accounting information quality significantly relate to return n equity; explaining about 85.1% of the total variation in return and equity. Relevance, faithful representation was each found to significantly relate to return on equity. The study empirically conclude that accounting information quality has the potency to make significant contribution to quoted financial performance of oil and gas companies and recommends that having investigated theoretical and empirical issues, also considering the findings and conclusion, the following recommendations were made: There should be need for preparers of accounting information to improve on the accounting information quality devoid of window dressing and creative accounting, regular disclosure, transparency and accountability of such accounting information is required since investors are sensitive to qualitative and quantitative accounting information in assessing the performance of quoted oil companies in and outside Nigeria. Also in line with qualitative and quantitative of accounting information quality, financial statements of quoted oil companies in Nigeria should be prepared and presented according to laid down regulations and ethical standards duly observed to ensure accounting information presented for among users, most and public consumption do represent the oil companies’ economic reality during reported periods.

Structural modelling of internal risk factors for oil and gas construction projects

2020 ◽  
Vol 14 (5) ◽  
pp. 975-1000
Author(s):  
Mukhtar A. Kassem ◽  
Muhamad Azry Khoiry ◽  
Noraini Hamzah
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Oil And Gas ◽  
Project Success ◽  
Partial Least Square ◽  
Oil Field ◽  
Path Coefficient ◽  
Content Type ◽  
Oil Companies ◽  
The Relationship

Purpose Project failure is the result of one or a combination of several causes of risk factors that are very important to identify for effective performance. This study aims to focus on studying the fundamental relationship between internal risk factors and the negative effect on oil and gas project success in Yemen using the partial least square structural equation modelling (PLS-SEM) method. Design/methodology/approach Data collection was carried out using a formal questionnaire survey of the oil field sector in Yemen by companies involved in mega-oil and gas construction projects. A hierarchical model for determining causative internal risk factors and their effects was developed and evaluated using SEM method by SmartPLS3 software technology. Findings The findings of analyzing model indicate that all categories have a significant effect on project success, while the most significant affected categories in the internal risk factors are project management factors, feasibility study-design and resources-material supply with a path coefficient value of 0.213, 0.197 and 0.186, respectively. Moreover, for the hypotheses test, the positive relationship means that all experimental hypotheses are accepted according to path coefficient value analysis. In addition, the internal risk factors research model shows the ranking of effects on project success starting with project stoppage (loading factor 0.841), cost overruns (loading factor 0.818), time overruns (loading factor 0.726) and project target failure with loading factor 0.539. Research limitations/implications The research was limited to the oil and gas construction projects in Yemen. Practical implications Interpreting the relationship between internal risk factors and their impact on the success of construction projects in the oil and gas sector will assist project team and oil companies in developing risk response strategies and developing appropriate plans to mitigate the effects of risks, which is presented in this paper. Originality/value The paper explains the relationship between cause and effect of internal risk factors in oil and gas projects in Yemen, and is expected to be a guideline for the oil companies and future academic research in the risk management area.

scholarly journals Board Profile and its Influence on the Stock Value of Oil Companies and Gas

2016 ◽  
Vol 9 (8) ◽  
pp. 37
Author(s):  
Savio De Luna Pinto ◽  
Aline Alves de Andrade ◽  
Roselaine Cristina Borges ◽  
Celso Machado Jr.
Keyword(s):  
Oil And Gas ◽  
Market Value ◽  
Oil And Gas Industry ◽  
Research Information ◽  
Gas Industry ◽  
Oil Companies ◽  
Age Diversity ◽  
Stock Value ◽  
Favorable Conditions ◽  
The Relationship

<p>This article identifies the profile of the boards of the ten largest companies in the Oil and Gas industry on NASDAQ and the variation of their stocks. The research contributes to the study developed by Andrade (2009) which established the relationship between corporate governance and market value in Brazil. Additionally, Connell and Cramer (2010) studied the advice of Ireland companies, point out the importance of analyzing the board's composition and its influence on the organization's performance in the stock market in different segments. The method was a qualitative analysis of the board, and the correlation of the board with the variation and point that studies in a number of other countries generally fail to report any significant association between board composition and firm performance. The research information shows that the best performing companies have common characteristics: advice with fewer members; age diversity of members and specifically trained in master. These characteristics capable of being incorporated by the companies and that give power to favorable conditions for companies, for shareholders and for society in general.</p>

Turning potential collision into cooperation in Ghana’s oil industry

2015 ◽  
Vol 10 (2) ◽  
pp. 118-131 ◽  
Author(s):  
Kwesi Amponsah-Tawiah ◽  
Kwasi Dartey-Baah ◽  
Kobena Osam
Keyword(s):  
Oil And Gas ◽  
Oil Industry ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Content Type ◽  
Oil Companies ◽  
Critical Issues ◽  
Oil Sector ◽  
Stakeholder Interactions ◽  
Corporate Social

Purpose – This paper aims to examine the potential impact of the presence of oil resource on the Ghanaian society. Specifically, the paper investigates the relationship between key stakeholders in the oil sector, how stakeholder interactions create the potential for collision and advances measures aimed at turning possible collision into cooperation. Design/methodology/approach – The paper uses a literature review-based approach, drawing on existing literature in a number of areas including corporate social responsibility (CSR), oil and gas industry in Ghana and Nigeria as well as communication. Findings – The paper advances that expectations of stakeholders as regards oil being a panacea to all their problems must be managed to avoid possible collision. Additionally, Ghana’s oil industry must identify and engage all stakeholders in planning suitable and sustainable CSR programmes for economic development, thus fostering a friendly environment for oil companies. Transparency and accountability are also needed to promote cooperation rather than collision among stakeholders in Ghana’s oil industry. Originality/value – This paper raises and brings to the fore critical issues that can lead to potential collisions in the oil and gas industry in Ghana if not well-managed, and thus an innovative work in that regard.

scholarly journals GAP ANAGAP ANALYSIS ON RISK BASED INSPECTION (RBI) IMPLEMENTATION AT PT. XYZLYSIS ON RISK BASED INSPECTION (RBI) IMPLEMENTATION AT PT. XYZ

2021 ◽  
Vol 5 (2) ◽  
pp. 624-634
Author(s):  
Atta Rizky Suharto ◽  
Fatma Lestari
Keyword(s):  
Asset Management ◽  
Oil And Gas ◽  
Gap Analysis ◽  
Group Discussion ◽  
Secondary Data ◽  
Oil And Gas Industry ◽  
Damage Mechanism ◽  
Management Policy ◽  
Primary Data ◽  
Integrity Management

Risk Based Inspection (RBI) has been implemented mainly in oil and gas industry to manage the risk of aging facilities. The RBI plan has also been introduced for new facilities and become part of the design requirements, making it the right time for PT. XYZ to improve their RBI implementation to support the Facility Risk Integrity Management System. This is a semi-quantitative study on primary data collected through focus group discussion using the RBI evaluation parameters based on API 580, API 581, and field observation and secondary data from previous RBI reports, maintenance program, and inspection program. Finally, an evaluation was conducted to assess whether the RBI management strategy has been integrated to the safety and asset management; inspection, testing, and monitoring; and operation strategies. This gap analysis aims to evaluate the effectiveness of the ongoing RBI implementation at PT. XYZ in general while specifically identify the part of RBI and related Asset Integrity Management already implemented and those that still need further improvement. Results show an overall score of 328 of 470, showing a good implementation of RBI. The largest gaps identified are RBI on specific equipment (score=3.0), documented RBI management policy and strategy (score=3.8), risk target and risk acceptable level (score=4.0), and specific damage mechanism components (score=5.3).

scholarly journals Influence of CSR stakeholders on the textile firms performances

2022 ◽  
Vol 10 (8) ◽  
pp. 25-38
Author(s):  
Md. Nurun Nabi ◽  
Mst. Marium Akter ◽  
Ahashan Habib ◽  
Abdullah Al Masud ◽  
Subrata Kumer Pal
Keyword(s):  
Financial Performance ◽  
Research Study ◽  
Focus Group Interview ◽  
Secondary Data ◽  
Organizational Legitimacy ◽  
Primary Data ◽  
Corporate Social ◽  
The Relationship ◽  
Survey Questionnaires

Ready-made garments (RMG) are one of the most critical sectors in the economy of the South Asian region in terms of the labor force employed and export earnings. This research study aims to determine the Corporate Social Responsibility Stakeholders dimension and its influence on textile firms Performance. The study used organizational legitimacy as mediating variable between the CSR stakeholders and firms’ performances. The research study was used in the quantitative analysis approach to determine the cause and effect of the relationship between CSR and Textile firm’s financial and non-financial performance. Though the study collected primary data & secondary data from 250 respondents using survey questionnaires, the researcher obtained secondary data by analyzing the audited annual and sustainability reports of various RMG companies. We have collected data by conducting a focus group interview forming a team of employers, top-level managers, and CSR officers. We asked them all the questions, filled it, tapped it, reserved it for the interpretations. We have surveyed 67 industries, but it enabled us to collect the data from the 50 sectors—the data collected from 2016 April to 2018 December. Our study has some limitations in that the sample size is small compared to the other research. SPSS-23 & MS-Excel were used to analyze the collected data. CSR practices benefitted RMG companies in terms of long-term sustainable development by increasing the firm’s financial and non-financial performance of the RMG sector.

scholarly journals ANALISIS EFEKTIVITAS PROGRAM KEMITRAAN DAN BINA LINGKUNGAN PT INDUSTRI KERETA API (INKA) PERSERO PADA UMKM

2018 ◽  
Vol 1 (2) ◽  
pp. 134
Author(s):  
Anny Widiasmara
Keyword(s):  
Corporate Social Responsibility ◽  
Performance Analysis ◽  
Community Development ◽  
Social Responsibility ◽  
Development Program ◽  
Secondary Data ◽  
Development Effectiveness ◽  
Cross Tabulation ◽  
Corporate Social ◽  
The Relationship

<p><em>This research is intended to analyze Partnership and Community Development Program (PKBL) of PT INKA (Persero) at UMKM as one of the program. Corporate Social Responsibility (CSR) and to find out the relationship between the partners of PT INKA (Persero) Partnership and Community Development Program (PKBL). The research was conducted on 50 partners of PT INKA (Persero) located in Madiun Regency. Data Technique uses primary and secondary data. The data were analyzed by descriptive statistic with Likert scale, Importance of Performance Analysis (IPA), and Cross Tabulation Test (Crosstab). The result showed that PT INKA (Persero) Partnership and Community Development Effectiveness Program achieved the program objectives effectively. Based on the result of Cross Tabulation (Crosstab) there is a significant correlation between characteristic of assisted life with coaching program.</em><em></em></p><p><strong><em><br /></em></strong><em></em><em></em></p>

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI EKSPOR KOMIDITI NON MIGAS DI INDONESIA TAHUN 1985-2017

2019 ◽  
Vol 2 (3) ◽  
pp. 128
Author(s):  
Rauzatul Ulfa ◽  
Devi Andriyani
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Oil And Gas ◽  
Secondary Data ◽  
Regression Method ◽  
Linear Regression Method ◽  
Factors Affecting ◽  
Independent Variables ◽  
Multiple Linear Regression Method ◽  
The Relationship

This study aims to analyze the Factors Affecting Non-Oil and Gas Commodity Exports in Indonesia in 1985-2017. The data used in this study are secondary data obtained from www.bps.go.id. The method used to analyze the relationship between the independent variables and the dependent variable is the multiple linear regression method. The results of the study partially showed that economic growth had a positive and significant effect on the exports of non-oil and gas commodities in Indonesia, the exchange rate and inflation did not affect the exports of non-oil and gas commodities in Indonesia. Simultaneously, the rate of economic growth and inflation had a positive and significant effect on non-oil and gas commodity exports in Indonesia.

Implementasi Excellence Public Relations dalam Pengelolaan Konflik oleh Energi Mega Persada Bentu Limited

2021 ◽  
Vol 11 (2) ◽  
pp. 67-78
Author(s):  
Genny Gustina Sari ◽  
Gasela Hardianti
Keyword(s):  
Public Relations ◽  
Conflict Management ◽  
Oil And Gas ◽  
Group Discussion ◽  
Communication Channels ◽  
Sampling Technique ◽  
Snowball Sampling ◽  
Balance Of Interests ◽  
Snowball Sampling Technique

Energi Mega Persada (EMP) Bentu Ltd is a national oil and gas company that operates the Bentu Block located in Riau Province. The increasing number of EMP Bentu Ltd consumers is directly proportional to the increasing number of gas wells, which causes EMP Bentu Ltd to often come into conflict with the community around the well. This study aims to determine the implementation of excellence public relations in conflict management by Public Relations Energi Mega Persada Bentu Limited in Muara Sakal District. Pelalawan 2019 through conflict management in carrying out the direction of communication, maintaining a balance of interests, running communication channels and considering the level of ethnicity. This study used qualitative research methods. Determination of informants using snowball sampling technique with 3 (three) informants at EMP Bentu Ltd and 7 (seven) people involved in Focus Group Discussion (FGP) in Muara Sakal Hamlet. The results of this study indicate PR EMP Bentu Ltd in managing conflict in Muara Sakal implements public relations excellence put forward by James E. Grunig and Hunt through implementation in carrying out the direction of conflict communication, maintaining a balance of interests, running communication channels and considering the level of ethnicity through conflict management. . Although unable to apply the 10 principles of excellent PR perfectly due to overlapping division of tasks, the conflict management in Muara Sakal Hamlet can be resolved.

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