scholarly journals ANALYSIS OF THE DEVELOPMENT OF OIL AND GAS COMPANIES IN RUSSIA BASED ON SUSTAINABLE GROWTH RATE MODEL (SGR)

2019 ◽  
Vol 2 (5) ◽  
pp. 222-231
Author(s):  
Maksim Skobeev ◽  
Ekaterina Zemnukhova
Keyword(s):  
Oil And Gas ◽  
Sustainable Growth ◽  
Rate Model ◽  
Strategic Decisions ◽  
Sustainable Growth Rate ◽  
The Russian Federation ◽  
Real Growth ◽  
Set Up ◽  
Oil And Gas Companies ◽  
A Company

The article analyzes the theoretical and methodological basis for assessing the economic growth of a company, identifies the entities and principles that influence it. Based on the study of modern strategic concepts of growth, a computational model was set up - the sustainable growth model SGR. The calculated values are compared with the real growth of the companies of the oil and gas complex of the Russian Federation in a retrospective analysis for 2012–2017. Conclusions about the applicability of the concept when making strategic decisions in the current market conditions. The significance of this model was checked and a vector was set for further study.

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.

System Transition to the “Eco-Finance” Sustainable Growth: Evidence from Chinese and Russian Oil and Gas Companies

2019 ◽  
Vol 2019 (4) ◽  
pp. 42-59
Author(s):  
Alina Стеблянская ◽  
Vang Zhen ◽  
Nailya Gabdrahmanova ◽  
Uvais Aleroev
Keyword(s):  
Dynamic Model ◽  
Ricci Curvature ◽  
Growth Model ◽  
Oil And Gas ◽  
Dynamic Modelling ◽  
Growth Index ◽  
Oil And Gas Industry ◽  
Sustainable Growth ◽  
System Transition ◽  
Oil And Gas Companies

In this paper, we study how financial sustainable growth matters for environment protection and social responsibility. Financial decisions that take into account long-term social and environmental consequences should be central to the system of financially sustainable growth of oil and gas companies of the world, including Russia and China. Authors present Russia and China oil and gas industry system transition to «Green Finance» sustainable growth model results with interrelation financial, environmental and social factors. Study regarded in the context of economic growth theory, system economics theory and the theory of relativity. It was created Python 3.6. financial sustainable growth model for Russia and China. A dynamic model was built on the basis of the Ricci tensor. For sustainable growth intensity analysis, it was compared Financial sustainable index (FSI), Higgins’ sustainable growth rate (SGR), Ivashkovskaya’ sustainable growth index (SGI), Ivashkovskaya’ sustainable growth index modification (SGImodif) every period indicators’ average values and the graph’ average values of the Ricci curvatures (R). Using the Ricci curvature, the parameters of a dynamic model of sustainable growth are determined for Russia and for China oil and gas industry.Key words: sustainable growth, System Dynamic modelling, Ecological Finance, Ricci Curvature, environmental financial sustainable growth, Financial Sustainable Index (FSI).

Developing Turnaround Maintenance (TAM) Model to Optimize TAM Performance Based on the Critical Static Equipment (CSE) of GAS Plants

2019 ◽  
Vol 01 (01) ◽  
pp. 12-31
Author(s):  
Abdelnaser Elwerfalli ◽  
M. Khurshid Khan ◽  
J. Eduardo Munive-Hernandez
Keyword(s):  
Oil And Gas ◽  
Reliability Function ◽  
Operating Conditions ◽  
Normal Operation ◽  
Tam Model ◽  
Third Stage ◽  
Inspection And Maintenance ◽  
Oil And Gas Companies ◽  
A Company ◽  
Gas Plants

Many oil and gas companies have suffered major production losses, and higher cost of maintenance due to the total shutdown of their plants to conduct TAM event during a certain period and according to scope of work. Therefore, TAM is considered the biggest maintenance activity in oil and gas plant in terms of manpower, material, time and cost. These plants usually undergo other maintenance strategies during normal operation of plants such as preventive, corrective and predictive maintenance. However, some components or units cannot be inspected or maintained during normal operation of plant unless plant facilities are a totally shut downed due to operating risks. These risks differ from a company to another due to many factors such as fluctuated temperatures and pressures, corrosion, erosion, cracks and fatigue caused by operating conditions, geographical conditions and economic aspects. The aim of this paper is to develop a TAM model to optimize the TAM scheduling associated with decreasing duration and increasing interval of the TAM of the gas plant. The methodology that this paper presents has three stages based on the critical and non-critical pieces of equipment. At the first stage, identifying and removing Non-critical Equipment pieces (NEs) from TAM activity to proactive maintenance types. During the second stage, the higher risk of each selected equipment is assessed in order to prioritize critical pieces of equipment based on Risk Based Inspection (RBI). At the third stage, failure probability and reliability function for those selected critical pieces of equipment are assessed. The results of development of the TAM model is led to the real optimization of TAM scheduling of gas plants that operated continuously around the clock in order to achieve a desired performance of reliability and availability of the gas plant, and reduce cost of TAM resulting from the production shutdown and cost of inspection and maintenance.

scholarly journals Influence of climate warming on the strength characteristics of ice in the Ob Bay

2019 ◽  
Vol 59 (4) ◽  
pp. 539-545
Author(s):  
O. M. Andreev ◽  
D. V. Drabenko ◽  
R. A. Vinogradov ◽  
E. U. Orlova
Keyword(s):  
Climate Warming ◽  
Oil And Gas ◽  
Strength Properties ◽  
Water Area ◽  
Strength Characteristics ◽  
Ice Thickness ◽  
Empirical Formulas ◽  
The Russian Federation ◽  
Oil And Gas Companies ◽  
Further Development

The article presents results of investigation of the climate warming effects in the northern polar region of the Earth, in particular on some characteristics of ice in the northern part of the Ob Bay (the area of the most active economic activity of the Russian Federation in the last decade). It is determined that over the past 40 years, morphometric and strength characteristics of ice have significantly changed. Estimates of ice thickness obtained using simple empirical formulas (depending on the sum of the degree-days of frost) show that the ice thickness decreased here by an average of 10 15%. The strength characteristics of ice were analyzed for two periods: the maximum strength of ice (for this area it is March) and the maximum development of ice thickness (usually it is May). It was found that the strength properties of ice (bending and compression) for both periods decreased by 10-12%. Thus, in recent decades, under the influence of climate warming in the Ob Bay, the thickness and strength of the ice cover have significantly decreased. This circumstance will be favorable for further development of the considered water area by Russian oil and gas companies.

scholarly journals Materiality Conditions in the Interplay between Environment and Financial Performance: A Graphical Modeling Approach for EEA Oil and Gas Companies

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-16
Author(s):  
Mirela Sichigea ◽  
Marian Siminica ◽  
Mirela Cristea ◽  
Gratiela Georgiana Noja ◽  
Daniel Circiumaru
Keyword(s):  
Financial Performance ◽  
Graphical Models ◽  
Structural Equation ◽  
Oil And Gas ◽  
Strong Dependence ◽  
Sustainable Growth ◽  
Equation Modeling ◽  
Main Concept ◽  
Thomson Reuters ◽  
Oil And Gas Companies

The recovery after the unprecedented pandemic crisis that Europe has currently been facing is strengthening the strong dependence between social, economic, and environmental fields, maintaining green investments and innovation at the core of the European strategies. Shifting to clean industries is a challenging mission that a complex network of stakeholders and their different interests must take into account. Within this network, the interplay between environmental and financial performance of a company represents a common point with a growing emphasis on the transparency and the materiality capacity of the disclosed information. This paper uses the Structural Equation Modeling and the Gaussian Graphical Models as graphical analysis approaches and offers a first insight about the interaction between environmental materiality measures and financial performance. A preliminary step of the scientific research consisted of a hand-mapping investigation about materiality conditions. Starting from the Materiality Map developed by the Sustainability Accounting Standards Board (SASB), this paper extends the main concept about materiality and investigates it on three different content ranges, which focus on the general environmental policy of the company, the targets set, and its concrete footprint. The methodology approaches were grounded on a newly compiled dataset provided by the Thomson Reuters database for 194 Economic European Area (EEA) oil and gas companies. The results provide significant evidences for the manifestation of materiality and emphasize the informational content of the individual environmental measures as an important condition for its financial impact. Adding to the environmental-financial performance relationship, our findings have both practical and academic relevance for the economic field and sustainable growth goals.

scholarly journals Aspects of multi-well deconvolution technique application on development facilities

2021 ◽  
Vol 937 (4) ◽  
pp. 042047
Author(s):  
L F Yusupova ◽  
G R Izmaylova ◽  
K F Gabdrahmanova ◽  
L Z Samigullina
Keyword(s):  
Oil And Gas ◽  
Operation Mode ◽  
Innovative Technology ◽  
Oil And Gas Fields ◽  
Deconvolution Technique ◽  
The Russian Federation ◽  
Processing Techniques ◽  
Gas Fields ◽  
Oil And Gas Companies ◽  
The Relationship

Abstract Many ways of information about the downhole pressures of existing wells collecting have long been outdated. With the improvement of processing techniques, the need to modernize the ways of information about oil and gas fields obtaining becomes more obvious. Many oil and gas industries are developing in this direction. The article discusses an innovative technology for downhole characteristics monitoring, which is called multi-well deconvolution. It is based on the creation of a system of equations that includes the relationship between the downhole pressure and the flow rate graph. This technique has been widely used among foreign research groups, but it was not until recently that it started to be applied in the Russian Federation. The first oil and gas companies to be interested in the multi-well deconvolution technology were Gazpromneft and Rosneft, which managed to conduct some studies using thу technology and confirmed its profitability. This technology makes it possible to assess the well operation mode and predict its further operation, which in turn makes it possible to optimize the development and operation modes.

scholarly journals Lessons Learned from BP: Deepwater Horizon and the Transition to Renewables

2021 ◽  
Vol 2 (Fall/Winter) ◽  
pp. 1-15
Author(s):  
Daniel Valle
Keyword(s):  
Oil And Gas ◽  
Deepwater Horizon ◽  
Lessons Learned ◽  
Gradual Transition ◽  
British Petroleum ◽  
Ethical Practices ◽  
Energy Company ◽  
Before And After ◽  
Oil And Gas Companies ◽  
A Company

This paper analyzes the gradual transition of British Petroleum (BP), one of the world's largest oil and gas companies, into a renewable energy company focused on sustainability and the reduction of carbon emissions. BP's leadership and ethical practices are compared before and after the 2010 Deepwater Horizon disaster. The purpose of the comparison and the broader analysis of the transition is to identify how effective leadership can be used to transform a company with a suspect social responsibility record into a leader among its peers. Lessons learned from the disaster, and the subsequent transition conclude the research.

scholarly journals Leading and Executing Industry Change through a Learning Network

2008 ◽  
Vol 33 (3) ◽  
pp. 63-78
Author(s):  
Anjali Hazarika
Keyword(s):  
Oil And Gas ◽  
Petroleum Industry ◽  
Business Environment ◽  
Learning Opportunities ◽  
Learning Network ◽  
Competitive Edge ◽  
Managing Change ◽  
Set Up ◽  
Oil And Gas Companies ◽  
Management Issues

There is a widespread recognition of the fact that organizations need to continuously enhance their capabilities to be able to retain a competitive edge in a highly complex business environment. One of the mechanisms available to them is an intercorporate learning network. This paper reports on the way a learning network— National Petroleum Management Programme (NPMP)— was set up and institutionalized to address the strategic needs of the petroleum industry in India. It focuses on the external and internal drivers for change and describes the key challenges encountered in translating change. It also demonstrates the advantage of collaboration between oil and gas companies as a strategy to deal with competitive times. The objectives of setting up NPMP was to: develop among the enterprises a shared understanding on the strategic advantage of collaboration in the competitive environment to help the industry in meeting its objectives of growth and vitality act as a catalytic agent for initiating macro level changes in the policies and practices in petroleum enterprises provide a range of learning opportunities and services. The dynamics of the Network provide a critical lens for analysing how change is impacted and dealt with in the petroleum industry in India. The author addresses some of the management issues involved in the process. The challenges include: motivating members to participate on a joint cost-sharing basis building upon and dissemination of new knowledge translating change through the Learning Network. Finally, the author points out the implications for HR professionals and suggests what new skills and competencies they need to develop for managing change.

ENERGY COOPERATION BETWEEN OIL AND GAS COMPANIES OF THE RUSSIAN FEDERATION AND VIETNAM. PROSPECTS AND CHALLENGES

2021 ◽  
pp. 110-119
Author(s):  
Gul’nar O. Khalova ◽  
◽  
Phuong Anh Nguyen ◽  
Keyword(s):  
South China Sea ◽  
Russian Federation ◽  
South China ◽  
Oil And Gas ◽  
The South China Sea ◽  
The South ◽  
Energy Cooperation ◽  
China Sea ◽  
The Russian Federation ◽  
Oil And Gas Companies

The article shows the history of the energy cooperation develop- ment between oil and gas companies (OGC) of the Russian Federation (RF) and the Socialist Republic of Vietnam (SRV) on the continental shelf of Vietnam in the South China Sea. Despite the richest reserves of natural resources and, in particular, hydrocarbons in the territory of Vietnam, slightly less than half of the potential oil reserves and about a third of the potential natural gas reserves have been explored. The desire of the Vietnamese leadership to develop rela- tions in the oil and gas sector with foreign countries has led to the attraction of foreign oil and gas companies to the search, exploration and development of oil and gas fields on the shelf of the SRV in the South China Sea. Russian oil and gas companies are among the key partners in hydrocarbon production. The article shows the spheres of cooperation between Russian and Vietnamese oil and gas companies, its prospects and risks. The authors note that not only Russian oil and gas companies operate in Vietnam, but Vietnamese oil and gas companies have also gained access to Russian fields in the Russian Federation.

scholarly journals BUSINESS GROWTH MANAGEMENT IN REPUBLIC OF SRPSKA

2021 ◽  
Vol 19 (34) ◽  
Author(s):  
Saša Vučenović ◽  
Branka Zolak Poljašević ◽  
Igor Mišić
Keyword(s):  
Growth Process ◽  
Growth Management ◽  
Arithmetic Mean ◽  
Sustainable Growth ◽  
Asymmetric Distribution ◽  
Small Enterprises ◽  
Business Growth ◽  
Business Policy ◽  
Sustainable Growth Rate ◽  
A Company

The research methodology starts from the calcu- lation of the coefficient for each individual com- pany in order to obtain the indicators by calculat- ing the arithmetic mean, median and quartile. As econometric stochastic models have little value for predicting or explaining the growth process at the level of individual companies, the central subject of interest is understanding the growth process at the level of an individual company. The sustainable growth rate of a company depends on the activity of the company. Numerous factors can affect the growth of a company, but the influence of individu- al factors on the growth of a company is rarely sig- nificant and permanent. The results of the research indicate a very asymmetric distribution of the size of enterprises, with a small number of large enter- prises and a large number of small enterprises. The model of sustainable growth is an effective tool for financial planning and directing business policy to- wards stimulating growth in certain industries.

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