scholarly journals Correlation of Communication and Compensation and Benefits on Employees Performance Mediated by Motivation Research on Companies Merger and Acquisition in Indonesia in Oil and Natural Gas Industry

2021 ◽  
Vol 3 (2) ◽  
pp. 173-184
Author(s):  
Amalia Nur Kucaladevi ◽  
Etim, Sofyan Hernando ◽  
Dodi Thaufik Fathurokhman ◽  
Okeowo, Tengku Mohd. Khairal Abdullah Razmjoo
Keyword(s):  
Oil And Gas ◽  
Value Added ◽  
Merger And Acquisition ◽  
Business Practice ◽  
First Century ◽  
Online Questionnaire ◽  
Gas Industry ◽  
Natural Gas Industry ◽  
Oil And Natural Gas ◽  
Oil And Gas Companies

Merger and Acquisition (M&A) is a common business practice in the twenty-first century. In M&A, human resource is the key to its success especially to create value-added for the company. Thereby, employees' performance shall be understood by the company towards its objectives. The purpose of this research is to examine what factors have potential effects on employees' performance in the context of companies after acquisition. Factors analyzed are communication and compensation & benefits, using motivation as a mediation factor on the relation between the factors to the employee's performance. Quantitative method is used in this research, whereas the data is collected by online questionnaire to 215 respondents of employees in four oil and gas companies in Indonesia after their acquisition by the state-owned enterprise within the period 2015-2018. Data analysis is processed with the help of SPSS of path analysis and Sobel test to test the hypotheses. Findings show that communication and compensation & benefits have a significant correlation on employees' performance. In addition, Motivation as a mediation variable also intervenes the correlation of communication and compensation & benefits to employees' performance.

scholarly journals Economy in Times of Crisis: An Economic Analysis of the Energy Policy during COVID-19 Pandemic

2021 ◽  
Vol 8 (2) ◽  
Author(s):  
Mochamad Ali Imron
Keyword(s):  
Oil And Gas ◽  
Direct Reduction ◽  
Human Movement ◽  
Oil Refinery ◽  
Selling Price ◽  
State Budget ◽  
Gas Industry ◽  
Natural Gas Industry ◽  
Oil And Natural Gas ◽  
Petroleum Reserves

The oil and natural gas industry plays an important role in the Indonesian economy, as a source of revenue for the state budget and a source of energy (particularly fuel) to power various sectors of life throughout Indonesia. Lockdown and restrictions on human movement have led to a direct reduction in demand for fuel. In addition to a decline in consumption, Covid-19 also resulted in a decrease in the price and production of oil and gas energy, including the cessation of upstream activities and the reduction of refining activities (refinery). The recommendations put forward include the establishment of strategic petroleum reserves, reviewing oil refinery projects and green fuel, and not reducing the selling price of fuel.

scholarly journals A indústria do petróleo e gás natural e o desenvolvimento nacional

2019 ◽  
Vol 278 (1) ◽  
Author(s):  
Flávio Pansieri
Keyword(s):  
Oil And Gas ◽  
Relevant Literature ◽  
National Development ◽  
Oil And Gas Industry ◽  
Systematic Analysis ◽  
Gas Industry ◽  
Local Content ◽  
Development Factor ◽  
Natural Gas Industry ◽  
Oil And Natural Gas

<p>The oil and natural gas industry and national development</p><p> </p><p>O presente artigo analisa a indústria nacional do petróleo e gás natural em seus níveis histórico, econômico e jurídico. Embora alguns fatores contribuam para que o setor esteja em crise, o objetivo é apresentar como esta indústria é referencial à economia brasileira, tendo como enfoque a política de concessão somada ao conteúdo local como um mecanismo para o desenvolvimento nacional. Por meio de análise normativa, revisão bibliográfica e dados oficiais, conclui-se que o conteúdo local é um elo importante para o desenvolvimento industrial, econômico e social do Brasil.</p><p> </p><p>This article analyses the Brazilian oil and gas industry in historic, economics and law outlook. Although some factors have launched this sector in downturn, the aim is show how this industry is referential to the economy, focusing on the concessions and local content policy as a national development factor. Through a systematic analysis of the legislation, relevant literature, and official statistics, the article concludes that the local content policy is crucial for industrial, economic and social developments of Brazil.</p>

EBITDA and DACF multipliers as an indicator of investment attractiveness of domestic vertically integrated companies

2021 ◽  
Vol 20 (4) ◽  
pp. 718-752
Author(s):  
Oleg V. SHIMKO
Keyword(s):  
Oil And Gas ◽  
Stock Exchange ◽  
Oil And Gas Industry ◽  
Financial Economic ◽  
Consolidated Financial Statements ◽  
Gas Industry ◽  
Debt Burden ◽  
Fixed Assets ◽  
Settlement Agreements ◽  
Oil And Gas Companies

Subject. The article addresses the EV/EBITDA and EV/DACF ratios of the twenty five largest public oil and gas corporations from 2008 to 2018. Objectives. The purpose is to identify key trends in the value of EV/EBITDA and EV/DACF ratios of biggest public oil and gas corporations, determine factors resulted in the changes over the studied period, and establish the applicability of these multipliers for assessing the business value within the industry. Methods. I apply methods of comparative and financial-economic analysis, and generalization of consolidated financial statements data. Results. The study revealed that EV/EBITDA and EV/DACF multiples are acceptable for valuing oil and gas companies. The EV level depends on profitability, proved reserves, and a country factor. It is required to adjust EBITDA for information on impairment, revaluation and write-off for assets that are reported separately from depreciation, depletion and amortization costs, as well as for income or expenses arising after the sale of fixed assets and as a result of effective court decisions or settlement agreements. It is advisable to adjust DACF for income, expenses and changes in assets and liabilities, which are caused by events that are unusual for oil and gas companies. Conclusions. The application of EV/EBITDA and EV/DACF multiples requires a detailed analysis and, if necessary, adjustments of their constituent components. However, they are quite relevant in the context of declining profitability and growing debt burden in the stock exchange sector of the global oil and gas industry.

Assessment of Conflict Management in Niger Delta and Implications for Sustainable Development of Oil and Gas in Nigeria

2021 ◽  
Author(s):  
Humphrey Otombosoba Oruwari
Keyword(s):  
Conflict Management ◽  
Niger Delta ◽  
Oil And Gas ◽  
Ecological Factors ◽  
Oil And Gas Industry ◽  
Negative Effects ◽  
Gas Industry ◽  
Secondary Sources ◽  
Positive Elements ◽  
Oil And Gas Companies

Abstract Nigerian oil and gas industry have over the years witnessed incessant conflicts between the stakeholders, particularly the host communities in Niger Delta region and the oil and gas companies in partnership with the Federal Government. Conflict which is here defined as manifestation of disagreement between individual and groups arising from differing and mutually incompatible interests has both positive and negative effects depending on how it was managed. Managing conflicts is all about limiting the negative aspects. The study examined conflicts management in Nigeria oil and gas industry and how best the positive elements of conflicts can be maximally exploited for the mutual benefit of both oil and gas company and the host communities in Niger Delta. The study adopted the multidisciplinary approach, literature review, case study and relied on secondary sources using analytical method of data analysis. The study findings revealed that the major factors that precipitate conflicts between the oil and gas industry and host communities in Niger Delta include economic, social, political, and ecological factors. There are available strategies that can be used in conflict management. These include avoiding, accommodating, or smoothing, competing, or forcing, compromising, and collaborating. Any of these strategies can be used to manage conflict depending on the situation, the environment factor, and the nature of the conflict. The problem is that the oil and gas companies in partnership with the Nigerian government often adopted the wrong approach in dealing with the conflict with host communities, using avoiding or forcing strategies. The study recommends collaboration strategy which ensues long term-term solution to mutual benefits.

Methane Emissions Reduction Solutions: Product Development and Standardization

2020 ◽  
Author(s):  
Sean Garceau ◽  
Amar Jawalkar ◽  
Ryan McKennon ◽  
Christopher Moffatt ◽  
Anthony Pocengal ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Ghg Emissions ◽  
Methane Emissions ◽  
Blow Down ◽  
Gas Industry ◽  
Process Gas ◽  
Natural Gas Industry ◽  
Methane Reduction ◽  
Carbon Dioxide Co2 ◽  
The Impact

Abstract The Oil & Gas industry and environmental agencies around the world are working to find solutions to reduce greenhouse gas (GHG) emissions. A comprehensive study by the US EPA found that emissions from compressor stations, blow down and purge, accounted for 97.7 Bscf or just over 31% of the total methane emissions attributed to the Natural Gas industry. [1] With methane (CH4) having 25 times the impact on global warming compared to carbon dioxide (CO2), and global legislation like the Regulations Respecting Reduction in the Release of Methane and Certain Volatile Organic Compounds Upstream Oil and Gas Sector (or also called Canadian Methane Rule) and regional methane reduction regulations, developing solutions to further mitigate methane emissions from process gas vents and centrifugal gas compressor seals becomes necessary as the industry moves towards near-zero targets. This paper addresses the design requirements and selection of a process gas vent recapture system and primary dry seal vent recapture system. In addition, this paper will review the design consideration during the design phase to the data collected during site operation.

Applying asset-and equity-based multipliers in the valuation of oil and gas corporations

2021 ◽  
Vol 27 (1) ◽  
pp. 129-167
Author(s):  
Oleg V. SHIMKO
Keyword(s):  
Oil And Gas ◽  
Stock Exchange ◽  
Balance Sheet ◽  
Oil And Gas Industry ◽  
Comparative Approach ◽  
Consolidated Financial Statements ◽  
Gas Industry ◽  
Market Capitalization ◽  
Economic Analyses ◽  
Oil And Gas Companies

Subject. This article explores the ratios of the company's market capitalization and value to the balance sheet value of assets and equity of the twenty five leading public oil and gas companies between 2008 and 2018. Objectives. The article aims to identify key trends in the changes in market capitalization and value ratios of the company to the balance sheet value of assets and equity of the largest public oil and gas companies, identify the factors that have caused these changes, and establish the applicability of these multipliers to estimate the value of the business within the oil and gas industry. Methods. For the study, I used comparative, and financial and economic analyses, and generalization of materials of the companies' consolidated financial statements. Results. The article establishes that the multipliers studied are acceptable for assessing the value of oil and gas companies, but it is preferable to use asset-based ratios. Conclusions and Relevance. The overall decline in profitability and the increase in debt load in the stock exchange sector of the global oil and gas industry should be taken into account when using multipliers based on assets and shareholder capital in the assessment of the value of oil and gas corporations through a comparative approach. The results of the study can be used to assess the possible value of oil and gas assets as part of a comparative approach and develop measures to increase the market capitalization of public oil and gas companies.

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.

scholarly journals The Factors Affecting Behaviour Based Safety (BBS) Implementation in Oil and Gas Industry

2018 ◽  
Vol 7 (3.11) ◽  
pp. 157
Author(s):  
Amanda Antonio Galis ◽  
Norfashiha Hashim ◽  
Faridah Ismail ◽  
Norazian Mohd Yusuwan
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Top Management ◽  
Organizational Safety ◽  
Gas Industry ◽  
Factors Affecting ◽  
Management Level ◽  
Management Commitment ◽  
Top Management Commitment ◽  
Oil And Gas Companies

The application of Behaviour-Based Safety (BBS) in the oil and gas industry is facing a severe challenge that safety performance may decline when BBS intervention is removed, due to the dynamic and transitory nature of working area and workforce. This research investigates the factors affecting the implementation of Behaviour-Based Safety (BBS) approach in Oil and Gas Industry. Seven oil and gas companies practicing BBS had been chosen for case study. These companies has been implementing BBS as part of the safety exercise from 2 to 20 years. The findings show that implementation of BBS started by the request from the client. Seven challenges of implementation BBS emerged during the interview that is data management, top management commitment, employee acceptance towards program, organizational safety culture and financial barrier. While, the factor that influences the implementation of BBS is the organization commitment, top management level, training and understanding of workers toward BBS are the factors that affect the implementation of BBS in oil and gas industries.  

Research shows oil and gas companies could do far more to help female expatriates to mobilize dual-career strategies

2020 ◽  
Vol 28 (6) ◽  
pp. 21-23
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Dual Career ◽  
Heterosexual Relationships ◽  
Strategic Choices ◽  
Gas Industry ◽  
Content Type ◽  
Employment Conditions ◽  
Career Strategies ◽  
Oil And Gas Companies

Purpose The purpose of this study is to examine how female expatriates mobilize couples’ dual-career coordination strategic choices to achieve their own and their partners’ desired career goals. Design/methodology/approach The researcher initially contacted 45 expatriate women in heterosexual relationships by email. More detailed interviews were done verbally with 20 of the women. The participants were asked to explain what actions they had taken, and also the effectiveness of any employer support, to maintain two successful careers Findings The women working were often angry and disappointed with their organizations’ lack of support for their dual career strategies. They adopted strategies of their own to further mutual careers while keeping relationships on track. One is to work with their organizations to secure favorable employment conditions that minimize periods of separation and, if possible, facilitate suitable employment for their partners. A second strategy is to develop personal tactics of cooperation and coordination Originality/value The results are a demonstration to the oil and gas industry that they need to do more to support dual career couples, or they will lose out on a lot of talent.

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