scholarly journals DEVELOPING A MEASUREMENT SCALE FOR ASSESSING THE EFFICIENCY OF TAX ADMINISTRATION AMONG OIL AND GAS COMPANIES IN NIGERIA

2020 ◽  
Vol 24 ◽  
Author(s):  
Abba Ya'u ◽  
Natrah Saad ◽  
Abdulsalam Mas'ud
Keyword(s):  
Oil And Gas ◽  
Reliability And Validity ◽  
Subject Area ◽  
Measurement Scale ◽  
Tax Administration ◽  
New Ideas ◽  
Oil Sector ◽  
The Government ◽  
To Come ◽  
Oil And Gas Companies

Inefficient tax system causes the government to lose a huge amount of revenue. Tax administrators are primarily responsible for collecting taxes due from taxpayers following the relevant tax laws and regulation in a way that instils confidence on taxpayers through efficient tax administration. This paper aims at validating relevant and reliable measurement scale for assessing the effectiveness of tax administration efficiency in dealing with oil and gas companies operating in the Nigerian oil sector. Hence, an adapted questionnaire comprising four items was administered on 300 local and multinational oil and gas companies in Nigeria. All the items were subjected to evaluations and validations by eight experts’ reviewers with cognate experience in oil and gas activities. Evaluation of reliability and validity of the measures of tax administration efficiency was performed through Confirmatory Factor Analysis (CFA) using SPSS version 25 and Smart PLS version 3.8. The results provide evidence that the proposed tax administration efficiency scale attained reliability and validity criteria. Consequently, Policymakers, practitioners and researchers can adapt this scale to assess the effectiveness of tax administration efficiency by companies in different jurisdictions across the globe. This study expands existing literature and contributes new ideas to the subject area. By implication, the validated scale will assist oil and gas producing countries to come up with policies that ensures efficiency in tax administration and increase government revenues.

Libyan politics may rattle the oil sector yet again

2021 ◽  
Keyword(s):  
Oil And Gas ◽  
Political Crisis ◽  
National Unity ◽  
Security Forces ◽  
Content Type ◽  
National Budget ◽  
Military Commander ◽  
Oil Sector ◽  
The Government ◽  
Oil And Gas Companies

Significance Libya’s hydrocarbons sector has seen a period of relative stability since the end in 2020 of eastern military commander Khalifa Haftar’s military offensive against Tripoli and the formation of the Government of National Unity in early 2021. Oil and gas revenues are central to the national budget -- and their control and distribution are focal points of political contention. Impacts The main risk to oil production in 2022 is the possibility of a renewed political crisis triggered by elections. Prompt payment of salaries and fees will remain important to discouraging private security forces from closing down oil infrastructure. Foreign oil and gas companies will become more cautious about new investment.

Reshuffles open way for reform of China's oil sector

2015 ◽  
Keyword(s):  
Mergers And Acquisitions ◽  
Oil And Gas ◽  
Quality Standards ◽  
Energy Industry ◽  
Fuel Quality ◽  
Content Type ◽  
Oil Companies ◽  
Oil Sector ◽  
The Government ◽  
Oil And Gas Companies

Subject Outlook for China's oil sector. Significance China's 'big three' oil companies have this month announced changes to their top management. The three companies have been under pressure from corruption investigations, and the collapse in global oil prices has weakened them financially. The latest reshuffles reveal the importance of politics in shaping the behaviour of China's oil and gas companies, and with it the competitive landscape of China's energy industry and global oil and gas mergers and acquisitions. Impacts There will be partial consolidation of some NOC assets, but 'mega-mergers' are unlikely. China's oil and gas companies will invest overseas with more robust government backing. Sinopec and CNPC will focus on upgrading refining capacity to meet more stringent fuel quality standards. Foreign investors will find new opportunities as the NOC's sell assets and the government opens the sector to private firms.

American and Canadian Civil Actions Alleging Human Rights Violations Abroad by Oil and Gas Companies

2008 ◽  
Vol 45 (3) ◽  
pp. 653 ◽  
Author(s):  
Jonathan Horlick ◽  
Joe Cyr ◽  
Scott Reynolds ◽  
Andrew Behrman
Keyword(s):  
Human Rights ◽  
Oil And Gas ◽  
The United States ◽  
Human Rights Violations ◽  
Law Of Nations ◽  
Forum Non Conveniens ◽  
The Government ◽  
Oil And Gas Companies ◽  
Political Question ◽  
The U.S

Under the United States Alien Tort Statute, which permits non-U.S. citizens to bring lawsuits in U.S. courts for human rights violations that are violations of the law of nations, plaintiffs have filed claims against multinational oil and gas corporations for the direct or complicit commission of such violations carried out by the government of the country in which the corporation operated. In addition to exercising jurisdiction over U.S. corporations, U.S. courts have exercised jurisdiction in cases involving non-U.S. defendants for alleged wrongful conduct against non-U.S. plaintiffs committed outside the U.S.The exercise of jurisdiction by U.S. courts over non-U.S. defendants for alleged wrongful conduct against non-U.S. plaintiffs committed outside of the U.S. raises serious questions as to the jurisdictional foundation on which the power of U.S. courts to adjudicate them rests. Defences that foreign defendants can raise against the exercise of jurisdiction by the U.S. courts are an objection to the extraterritorial assertion of jurisdiction, the act of state doctrine, the political question doctrine, forum non conveniens, and the principle of comity. These defences are bolstered by the support of the defendant’s home government and other governments.

Mozambique debt crisis will overshadow FRELIMO victory

2019 ◽  
Keyword(s):  
Oil And Gas ◽  
Debt Crisis ◽  
Peace Agreement ◽  
Content Type ◽  
Funding Programme ◽  
Election Fraud ◽  
The Government ◽  
Economic Developments ◽  
Oil And Gas Companies ◽  
Campaign Financing

Subject Mozambican debt revelations. Significance President Filipe Nyusi’s grip on the ruling FRELIMO has been strengthened after his and his party’s convincing (albeit disputed) election victory last month. Nevertheless, the poll triumph has quickly been eclipsed by recent US court revelations surrounding a long-standing hidden debts scandal, which has implicated leading FRELIMO figures. Nyusi’s embattled government hopes that economic developments will soon dominate the headlines as it ramps up major new liquefied natural gas (LNG) investments and attempts to convince the IMF to initiate a new funding programme. Impacts The government-RENAMO peace agreement will come under increasing pressure after evidence of FRELIMO-associated election fraud. Maputo's political and fiscal woes mean oil and gas companies will have free reign to implement their preferred investment plans. Civil society pressure for greater campaign financing transparency will prove fruitless amid FRELIMO resistance over the short term.

Pemenuhan Kebutuhan Energi dalam rangka Mewujudkan Ketahanan Nasional

2016 ◽  
Vol 5 (2) ◽  
pp. 67
Author(s):  
Gde Pradnyana
Keyword(s):  
Large Scale ◽  
Oil And Gas ◽  
Supply Side ◽  
Energy Availability ◽  
Energy Mix ◽  
The People ◽  
Production And Distribution ◽  
The Government ◽  
To Come ◽  
The Cost

<p>Indonesia has the potential vulnerability enormous energy availability. From the supply side, Indonesia has not showed the synergy between the depletion of oil and gas on a large scale with the search for new sources of its reserves. Searching new reserves abroad also yet to show tangible results and not get full supported from the government. Meanwhile, shares of oil and gas is still a very big role in the national energy mix of Indonesia up to 25 years to come. The government also has not succeeded in converting the results of oil and gas into industrial assets. Prioritizing local-content policy produces only rents of business that would increase the cost of production and distribution of oil and gas to the people.</p>

Increased efficiency of oil and gas companies (goals, interests, securities market)

2021 ◽  
pp. 62-67
Author(s):  
D. D. Rybakova ◽  
E.V. Maksimova
Keyword(s):  
Oil And Gas ◽  
Securities Market ◽  
Factors Affecting ◽  
Oil Sector ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

The article is devoted to the study of increasing the efficiency of oil and gas companies through their goals and interests in the securities market in the oil sector. The article examines the reasons and factors affecting changes in the value of securities (stocks and bonds) of companies in the oil and gas sector. The author analyzes the dynamics of the development of the debt and equity segment of the market, citing statistics.

Iraqi Kurdistan could see oil and gas advances

2021 ◽  
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Oil Production ◽  
Content Type ◽  
Oil Companies ◽  
Iraqi Kurdistan ◽  
Oil Sector ◽  
The Government ◽  
Slight Rise

Significance The oil sector managed a slight rise in oil production in 2020, despite the challenges of the pandemic and low oil prices. The KRG mostly managed to keep up payments to oil companies but did not assist Baghdad in making production cuts under the OPEC+ agreement. Impacts Combined new gas projects could meet domestic needs and potentially allow exports by the later 2020s. The government could resume payments of overdue amounts to international oil companies from this month. Talks with Baghdad will become more complex around planned elections in October 2021 and depending on legal developments with Turkey.

scholarly journals Gas Flaring in Niger Delta Nigeria and Sustainability Development Goal Framework: Qualitative Survey of the Health Impacts, Mitigation and Adaptation

2021 ◽  
pp. 38-49
Author(s):  
Nkemdilim I. Obi ◽  
Phillip T. Bwititi ◽  
Ezekiel U. Nwose
Keyword(s):  
Oil And Gas ◽  
Health Problems ◽  
Ongoing Research ◽  
Development Goal ◽  
Respiratory Problems ◽  
Gas Flaring ◽  
Mitigation And Adaptation ◽  
The Government ◽  
Negative Impacts ◽  
Oil And Gas Companies

Background: Petroleum exploitation and production have resulted in various environmental, socio-economic, political and health problems. This study is part of ongoing research to evaluate sustainability development goal in host communities of gas flaring operations. Objective: The research purposes to generate thematic opinions of the community regarding the risks associated with gas flaring and evaluate the mitigation and adaptation programs of government and oil and gas companies in the Delta region, Nigeria. Methods: This was qualitative with a quantitative component utilizing a survey of 8 open-ended and 2 semi-quantitative questions. Sample size was N = 488 and participants were over 18 years old. Thematic analysis adopted word cloud, followed by thematic aggregation and quantification. Results: The response rates were 99.2%, 76.2%, 75.4% and 70.1% for Sections B, C, D, and F, respectively. Over 66% reported negative impacts of gas flaring including specifications of some health problems and stress and respiratory problems were most common. Lack of opinion e.g. on how oil and gas companies liaise with the community (47%) and on how government liaises with companies (63%) were observed. Conclusion: While the majority of respondents had opinions, they however lacked knowledge regarding what the government and/or oil and gas companies could do on mitigation and adaptation on negative impacts of gas flaring. This therefore calls for awareness campaign and health promotion in the affected communities.

scholarly journals The Possibility of Nationalization by the Kurdistan Regional Government of Iraq under the Light of Signed Petroleum Contracts and Establishment of Kurdistan National Oil Company (KNOC)

2020 ◽  
Vol 6 (1) ◽  
pp. 35
Author(s):  
Arez Mohammed Sediq Othman
Keyword(s):  
Oil And Gas ◽  
Oil Industry ◽  
Regional Government ◽  
Oil Companies ◽  
Production Sharing ◽  
Direct Support ◽  
Oil Sector ◽  
Oil Contracts ◽  
The Government ◽  
Oil Company

In the past 20 years, Kurdistan Regional Government (KRG) of Iraq has signed hundreds of Production Sharing Contracts with many international oil companies to expand investment and develop its oil sector. According to the applicable laws in the region, in particular Oil and Gas Law No.22 of 2007, government shall work to establish Kurdistan National Oil Company (KNOC) to take charge of petroleum operations. Meanwhile, according to the same law, the duration of petroleum production sharing contracts shall not exceed 20 years with the possibility of five years extension. Despite the fact that KRG is abided to many legal obligations to share the produced oil under production sharing contracts, there is always a question of whether KRG will be able to administer its oil industry and what will be the future of these oil contracts? This paper argues that KRG cannot nationalize (by appropriating the whole oil industry and assets of foreign oil companies) its petroleum sector even after the establishment of KNOC as there are many legal terms preventing it from nationalizing the oil industry besides the lack of technical ability to run the sector without the direct support from foreign oil companies. Moreover, the paper also discusses different possibilities after the end of oil contracts with foreign international companies; Does KRG continue with the current contractual form or it will shift to other forms of contract such as service contract to develop oil industry in the region? It suggests that the best practice for the government is to institutionalize its oil sector with receiving direct support from oil companies. The establishment of KNOC is considered to be an effective step towards institutionalization of oil sector in the Iraqi Kurdistan Region.

Validating oil and gas royalty rate measurement scale: evidence from Nigeria

2020 ◽  
Vol 14 (3) ◽  
pp. 653-666 ◽  
Author(s):  
Abba Ya'u ◽  
Natrah Saad ◽  
Abdulsalam Mas'ud
Keyword(s):  
Oil And Gas ◽  
Scale Validation ◽  
Reliability And Validity ◽  
Oil And Gas Industry ◽  
Measurement Scale ◽  
Rate Measurement ◽  
Royalty Rate ◽  
Content Type ◽  
Oil Companies ◽  
Royalty Rates

Purpose This study aims to validate the royalty rate measurement scale by using rigorous scale validation procedures. Design/methodology/approach Evaluation of reliability and validity of the measures of royalty rate was performed through confirmatory factor analysis (CFA) using SPSS version 25 and PLS-SEM version 3.8. Findings The results provide evidence that the royalty rate measurement scale has achieved reliability and validity criteria. Research limitations/implications Consequently, policymakers, practitioners and researchers can adopt this scale to assess the royalty rate in other energy sectors where royalty arrangements exist in different jurisdictions across the globe. Practical implications The practical contributions of the study are threefold. First, the validated scale presented in Table IV can serve as a checklist for oil and gas producing countries while assessing the stringiness or otherwise of their royalty rates. Second, the validated scale can be used to assess the perception of oil and gas companies with regards to the royalty rate as whether the rate is too high and worrisome or is acceptable. Finally, it could also be used to assess the role of regulatory bodies in assessing royalty rates while dealing with multinational and local oil companies. Eventually, the scale can assist policymakers across the globe to adapt in investment decision-making, particularly regarding royalty arrangement. Originality/value This study undoubtedly builds the existing literature and contributes to the subject area; by implication, the validated scale will assist host oil and gas countries with stringent royalty rate to revise the royalty policy in such a way to ensure neutrality, thereby not chasing away the current investors or discouraging prospective ones from investing in their oil and gas industry.

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