scholarly journals Strategic Drift and Organizational Culture in Oil and Gas Company of Nigeria

2021 ◽  
Vol 11 (2) ◽  
pp. 1-12
Author(s):  
Monica C. Gajere ◽  
Danjuma T. Nimfa
Keyword(s):  
Organizational Culture ◽  
Regression Analysis ◽  
Oil And Gas ◽  
Developing Economy ◽  
Primary Method ◽  
Organizational Flexibility ◽  
Managerial Culture ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Management Thinking

The main purpose of this study was to examine the impact of strategic drift on organizational culture in the oil and gas company of Nigeria. The study used a survey research design. The primary method of data collection was employed for the study. A quantitative approach and multiple regression analysis were adopted for testing the hypotheses. Findings from the study revealed that strategic resilience, organizational flexibility and managerial culture have significant and positive relationships with organizational culture in the Oil and Gas Company of Nigeria, while has not significantly impacted the organizational culture in the Oil and Gas Company of Nigeria. The paper provides that strategic managers of the oil and gas companies in Nigeria need to build and improve on strategic resilience capability. The managers of oil and gas companies should encourage the widespread use of formal and informal organizational flexibility as a strategy to meet business, individual needs and good culture for sustainability. The research provides some contributions in theory and strategic management. The paper has provided insight for management thinking in terms of strategic drift and organizational culture in the Oil and Gas companies of the developing economy which has not been studied in the previous literature.

scholarly journals The Impact of Crisis Management on Employee’s Performance in the Yemeni Oil and Gas Industry

2021 ◽  
Vol 2 (1) ◽  
pp. 16-27
Author(s):  
Ghadah Alariki ◽  
Mohammed Saleh Al-Abed
Keyword(s):  
Regression Analysis ◽  
Crisis Management ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Two Dimensions ◽  
Crisis Preparedness ◽  
Gas Industry ◽  
Crisis Prevention ◽  
Oil And Gas Companies ◽  
The Impact

This study examines the impact of crisis management on employee’s performance in the Yemeni oil and gas industry. Crisis management was measured by two dimensions; crisis preparedness and crisis prevention. Whereas employee’s performance was measured by three diminutions; task performance, adaptive performance, and contextual performance. The study uses a quantitative approach. Questionnaires were used to collect data from 6 oil and gas companies. The sample comprises of 351 participants, out of which 268 (74.23%) responded. The reliability of the instruments was examined and the results of the Cronbach’s Alpha was .906, indicating an excellent reliability. The results of regression analysis reveal that crisis management as the whole independent variable has a significant impact on employee’s performance as dependent variable. Furthermore, the results of regression analysis reveal that there is a significant relationship between crisis management and employee’s performance in terms of crisis preparedness, crisis prevention, and employee’s performance. Essentially, crisis appraisals should include testing as an integral aspect of planning for any eventuality. Ultimately, organizations should install communication units or structures and ensure employees are trained well. This study has made some recommendations for oil and gas companies.

Modeling to support physicochemical enhancement techniques

2021 ◽  
pp. 79-90
Author(s):  
Т. A. Pospelova
Keyword(s):  
Enhanced Oil Recovery ◽  
Oil Recovery ◽  
Oil And Gas ◽  
Chemical Modeling ◽  
Comparative Structure ◽  
Water Cut ◽  
Physical And Chemical ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Selection Of

The article discusses ways to increase the oil recovery factor in already developed fields, special attention is paid to the methods of enhanced oil recovery. The comparative structure of oil production in Russia in the medium term is given. The experience of oil and gas companies in the application of enhanced oil recovery in the fields is analyzed and the dynamics of the growth in the use of various enhanced oil recovery in Russia is estimated. With an increase in the number of operations in the fields, the requirements for the selection of candidates inevitably increase, therefore, the work focuses on hydrodynamic modeling of physical and chemical modeling, highlights the features and disadvantages of existing simulators. The main dependences for adequate modeling during polymer flooding are given. The calculation with different concentration of polymer solution is presented, which significantly affects the water cut and further reduction of operating costs for the preparation of the produced fluid. The possibility of creating a specialized hydrodynamic simulator for low-volume chemical enhanced oil recovery is considered, since mainly simulators are applicable for chemical waterflooding and the impact is on the formation as a whole.

The Impact of News on the MICEX Oil & Gas Index: Textual Analysis

2018 ◽  
Vol 2018 (4) ◽  
pp. 79-99
Author(s):  
Elena Fedorova ◽  
Oleg Rogov ◽  
Valery Klyuchnikov
Keyword(s):  
Oil And Gas ◽  
Pearson Correlation ◽  
Oil And Gas Industry ◽  
Stock Index ◽  
Gas Industry ◽  
Negative News ◽  
The Russian Federation ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Oil Gas

In this study, a relationship between the mood of news and the response of the oil and gas industry index of the Russian Federation was revealed. The empirical base of the study included 8.5 million news from foreign sources. Research methodology: fuzzy sets, naive Bayesian classifier, Pearson correlation coefficient. As a result of the research, it was discovered that: 1) negative news affects the stronger than the positive on the stock index; 2) news on companies affect the value of the index, and news on the industry affect the volume of trading; 3) the sanctions did not significantly affect the coverage of Russian oil and gas companies.

Creating the circular advantage for the oil and gas industry

2016 ◽  
Vol 56 (2) ◽  
pp. 585
Author(s):  
Christopher Coldrick ◽  
Rowan Fenn ◽  
David Sahota
Keyword(s):  
Oil And Gas ◽  
Service Providers ◽  
Real Life ◽  
Oil And Gas Industry ◽  
Repair Process ◽  
Materials Management ◽  
Gas Industry ◽  
Management Processes ◽  
Oil And Gas Companies ◽  
The Impact

Maintenance, repair and operating (MRO) materials typically represent 15–20% of the operating costs for a mature oil and gas asset. Of this, a substantial proportion is comprised of high-value repairable equipment such as motors, compressors and pumps. This equipment is often at bottlenecks in the production process and so the impact of materials cost on profitability is magnified by the production ramifications of an outage. Effective management of this equipment is key to the sustainable, profitable operation of any oil and gas asset, and is key to improving the competitiveness of the Australian industry. Oil and gas companies are adopting a variety of models to handle the repair process, with varying degrees of success. Challenges include: poor materials availability and lack of traceability; complex infield materials management processes resulting in costly wastages; difficulty in managing consistency, suitability and specifications of repairs; high cost for those undertaking the repairs; and, correct allocation of responsibility and risk in the materials management process. Developed in collaboration with Australian oil and gas operators, with input from case studies outside the oil and gas industry, this extended abstract discusses the roles and opportunities for the circular economy in helping companies to meet their sustainability and profitability targets. Using several real-life examples, it makes recommendations for vendors, service providers and operators that can have material impact on the profitability of the industry.

The Effect of Earnings Management on Dividend Policy in Pakistan

2017 ◽  
Vol 9 (1-3) ◽  
Author(s):  
Faiza Saleem ◽  
Mohd Norfian Alifiah
Keyword(s):  
Earnings Management ◽  
Dividend Policy ◽  
Oil And Gas ◽  
Stock Exchange ◽  
Annual Data ◽  
Cross Sectional ◽  
Return On Equity ◽  
Dividend Payments ◽  
Oil And Gas Companies ◽  
The Impact

The aim of this study was to find out the impact of earnings management on dividend policy of oil and gas companies listed at the Karachi stock exchange. The study uses annual data of oil and gas companies for the period from 2008 to 2015. The dependent and independent variables are dividend policy and earnings management and the three control variables are leverage, return on equity and firm size. Modified cross sectional Jones model (1995) was used for calculating discretionary accruals which has been used as proxy for earnings management whereas measurement of dividend policy has been proxy by dividend payout. The findings from regression analysis indicate that earnings management has insignificant relationship with dividend policy of selected firms in Pakistan. Financial crisis in the world and economic decline period are the main reasons of this relationship. In the decline period the firms try to increase manipulation in earnings as a result the company starts reducing dividend payments. It is concluded that there are some other factors that may influence the pattern of dividend payment in the firms.

Examining the impact of organizational culture on social capital in a research based organizations

2016 ◽  
Vol 46 (3) ◽  
pp. 411-426 ◽  
Author(s):  
Majid Ramezan
Keyword(s):  
Social Capital ◽  
Organizational Culture ◽  
Regression Analysis ◽  
Positive Impact ◽  
High Reliability ◽  
Pearson Correlation ◽  
Face Validity ◽  
Content Type ◽  
Industrial Organizations ◽  
The Impact

Purpose The purpose of this paper is to investigate the impact of organizational culture (OC) on social capital (SC) between experts of research-based industrial organizations who were aware of the subject of research. Design/methodology/approach The tools in this study were the native and modified questionnaire of Denison OC model with 33 items and Abili’s developed questionnaire based on Nahapiet and Ghoshal model for SC with 24 items. Validity of questionnaire well approved based on face validity method by experts, specialists and professors of management. Using the results of pre-test, Cronbach’s alpha was showed the very high reliability. Because of the low number of experts, we did not sampling and decided to distribute questionnaires among all of them. In all, 120 completely filled questionnaires were returned out of the 134 distributed. For examining the main hypothesis and sub-hypothesis of this study simple linear regression and multiple regression analysis were used. Findings The results of regression analysis showed that regression line ascribes changes in dependent variable (SC) to independent variable (OC). It means that in research-based industrial organizations, OC has a significant positive impact on SC and cultural traits with internal focus have more impact on SC than those with external focus. Then, with the use of parametric tests, the relationship between OC and SC and between components of OC and SC was investigated. Finally, Pearson correlation tests results confirmed the significant relationships. Overall, the results of this study show the significant, positive, strong relationship between OC and SC. Originality/value As there are not many studies about the impact of OC on SC, this paper’s findings will be useful to assess and improve the cultural situation for increasing the SC in organization.

scholarly journals Audit Firm Type and Sustainability Performance: A Study of Quoted Oil and Gas Marketing Companies in Nigeria

2021 ◽  
Vol 1 (1) ◽  
pp. 55-68
Author(s):  
Aminu Abdullahi ◽  
Oladele Jami’u Olanrewaju ◽  
Moshud Nurudeen Mohammed
Keyword(s):  
Health Care ◽  
Oil And Gas ◽  
Stock Exchange ◽  
Annual Reports ◽  
P Value ◽  
Audit Firm ◽  
Sustainability Performance ◽  
Firm Type ◽  
Oil And Gas Companies ◽  
The Impact

The study specifically examines the impact of audit firm types on sustainability performance effort (health care, employment and education) of quoted oil and gas marketing company in Nigeria. The population of the study consists of all the 13 oil and gas marketing companies quoted on the Nigeria Stock Exchange as at end of the year 2020. Secondary data was sourced from the annual reports and accounts of the sampled companies for the period of  5 years (2016-2020). The dependent variables for the study were Sustainability Performance effort proxied by expenditure on education, employment and health care by the oil and gas companies, while the independent variable was audit firm type. A panel regression model was employed for the analysis as the data cuts across different firms over periods. The results revealed that there is no significant relationship between audit firm type and sustainability performance. This is evident from the p-value of 0.554 which is related to audit firm type and health care. Also, the result of the audit firm and education revealed a p-value of 0.422 and that of audit firm type and employment 0.364. This result provided a basis for rejecting all the hypotheses. The study therefore, recommends that the oil and gas companies should continue to undertake their responsibility in the sustainability performance without any reference to whether they are being audited by any type of audit firm

From hydrocarbons to electrons: creating new opportunities for the oil and gas sector

2018 ◽  
Vol 58 (2) ◽  
pp. 529
Author(s):  
Bernadette Cullinane ◽  
Michael Wood ◽  
Barry Ladbrook
Keyword(s):  
Business Models ◽  
Oil And Gas ◽  
Greenhouse Gas Emission ◽  
Renewable Energy Sources ◽  
Operational Performance ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Oil And Gas Sector ◽  
Rapid Emergence ◽  
Lower Carbon

Today’s energy and resources companies must address many challenges to their traditional business models including the rapid emergence of available and economic renewable energy sources, ever tightening greenhouse gas emission policies and increased stakeholder expectations around transparency. While there is uncertainty regarding the impact of these developments, enormous opportunity exists for companies to forge pathways to a decarbonised future while at the same time creating new markets, products and services and increasing revenues. Several leading Australian resources companies have recently embarked on programs to transition to a lower carbon and more diversified energy portfolio. These initiatives focus on integrating alternative forms of energy across value chains, making energy consumers central to their business models and increasing energy security for their companies and the country. This paper discusses the drivers underlying these challenges, draws on case studies of how oil and gas companies are managing their journey, considers the impact such programs on the companies’ financial and operational performance and outline some implications and possible approaches.

Sign in / Sign up

Export Citation Format

Share Document