scholarly journals Cross-Border Mergers and Acquisitions in the Oil and Gas Industry: An Overview

Energies ◽  
2020 ◽  
Vol 13 (21) ◽  
pp. 5580
Author(s):  
Şevkat Özgür ◽  
Franz Wirl
Keyword(s):  
Mergers And Acquisitions ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Resource Base ◽  
Future Directions ◽  
Gas Industry ◽  
Cross Border ◽  
Recent Trends ◽  
Specific Factors ◽  
Legal Constraints

This paper surveys cross-border oil and gas mergers and acquisitions (M&A) transactions in recent years using a large sample of 18,179 transactions announced over the period 2000–2018. M&A activities depend on economic fundamentals, but also on sector specifics and this particularly holds true for the oil and gas industry. Therefore, we have added sector specific to the standard economic explanations of mergers and acquisitions by accounting for institutions, resources, and politics. Indeed, our outputs show that industry-specific factors seem much more important in motivating M&A in the oil and gas industry than the familiar and researched economic conditions. In particular, the pattern of cross-border M&A is almost unrelated to opportunities offered by the resource base in different countries while political, institutional, and legal constraints shape the directions of cross-border M&A. The research covers the recent trends in the oil and gas M&A transactions, strengthens the understanding of various dynamics and sheds light on the potential future directions of the M&A market in the oil and gas industry.

scholarly journals Classification of oil and gas-bearing territories of Russia and the structure of the oil and gas industry of the regions

2021 ◽  
Vol 7 (2) ◽  
pp. 422-427
Author(s):  
Danil Petrovitch Egorov
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Qualitative Assessment ◽  
Resource Base ◽  
Gas Industry ◽  
The Russian Federation ◽  
Gas Bearing

The article is devoted to the qualitative assessment of the state of the oil and gas industry in the Russian Federation based on the context of administrative-territorial units. It was realized that the data provided by different sources differs due to the variation in the calculation methods used, and the lack of detailed regional reports from foreign agencies shows the novelty of the research. In the current research the projection of administrative borders on the territory of oil and gas-geological zoning is used. To determine the degree of the dependence of regional economies from the oil and gas industry, current data about the state of the mineral resource base in the subjects of the Russian Federation were compared with the geography of the location of processing enterprises. On the basis of the obtained materials, the classification of oil and gas-bearing territories is carried out.

scholarly journals Main directions in the development of Russia’s oil sector in the first half of the XXI century

2019 ◽  
Vol 89 (11) ◽  
pp. 1095-1104 ◽  
Author(s):  
Alexey E. Kontorovich ◽  
Lev M. Burshtein ◽  
Valery R. Livshitc ◽  
Svetlana V. Ryzhkova
Keyword(s):  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
First Century ◽  
Special Focus ◽  
Resource Base ◽  
Gas Industry ◽  
Oil And Gas Fields ◽  
Oil Sector ◽  
Gas Fields

This paper discusses the most important aspects of the development of the oil and gas industry in Russia. To replace declining oil production in Russia, we need to change the obsolete paradigm of the development of the domestic resource base. In the twenty-first century, the priority tasks in the search for oil deposits should be the Russian Arctic shelves and immature onshore provinces as well as unique unconventional oil accumulations (Bazhenov, Domanik, Khadum, Kuonamka Formations, etc.). In addition, special focus should be placed on the exploration of small and smallest oil and gas fields, which will be developed with the collaboration of small- and medium-sized oil businesses to ensure up to 20% of domestic oil production. The shift from extensive to intensive development of Russias oil and gas sector will require the prioritizing of technological tasks.

It's not easy to collaborate, but it's essential!

2017 ◽  
Vol 57 (2) ◽  
pp. 426
Author(s):  
Bernadette Cullinane ◽  
Paul Harrison
Keyword(s):  
Economies Of Scale ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Structural Factors ◽  
Resource Base ◽  
Gas Industry ◽  
Service Companies ◽  
Trade Offs ◽  
The Cost

While emerging as a world leader in liquefied natural gas production, overall, Australia’s oil and gas industry is disadvantaged by the remoteness and geographical breadth of our operations, our limited infrastructure and insufficient economies of scale. These factors drive up the cost of production and make it difficult for both operators and service companies to balance the trade-offs between building scale and capability. Despite our rich resource base, these structural factors make it challenging for the Australian oil and gas industry to compete globally. Additionally, traditional project development and contracting practices rely on bespoke, bi-lateral agreements between operators and service companies, resulting in inconsistencies and inefficiencies that limit the reuse of solutions and technology, driving costs even higher. This has created an imperative for new collaborative industry platforms in areas of workforce competency management and integrated activity planning, which leverage standardised processes and common infrastructure. This paper will explain how to overcome collaboration obstacles by cultivating a culture of transparency and will discuss the steps undertaken to develop trust within a diverse stakeholder group, enabling the creation of shared solutions. This paper gives concrete recommendations on how to create a new mindset around the appropriate company structure for the development of collaborative and innovative platforms that deliver more competitive outcomes to the Australian oil and gas industry.

RECENT TRENDS IN PROJECT FINANCE FOR THE OIL AND GAS INDUSTRY

1988 ◽  
Vol 28 (1) ◽  
pp. 360
Author(s):  
M. Henschke
Keyword(s):  
Financial Markets ◽  
Oil And Gas ◽  
Risk Mitigation ◽  
Equity Markets ◽  
Oil And Gas Industry ◽  
Project Finance ◽  
Gas Industry ◽  
Project Assessment ◽  
Crude Oil Prices ◽  
Recent Trends

The oil and gas industry has gone through an extremely difficult period in the last two years. The decline in crude oil prices of early 1986 caused great uncertainty concerning the future of the industry. As those uncertainties receded, the October 1987 collapse in equity markets resulted in new volatility in financial markets for all industries.Growth and innovation in capital markets in recent years have resulted in a broader range of alternatives for funding of project financings being available to a wider range of companies. Increased competition among banks has also impacted the costs of borrowing. Overall, the benefits for borrowers are increased flexibility and lower costs of funds.Project finance for the oil and gas industry is as important a tool as ever. From both borrowers' and lenders' viewpoints, its traditional elements of project assessment, and design and structuring of facilities are perhaps more important than ever. New approaches to risk mitigation are continually being sought. From a borrower's viewpoint, an important factor is the ability of banks to understand technical aspects of the industry and the elements of risk involved in new and existing projects.

Development and mastering of technologies of production at PJSC MMK a new generation steel rolled stock for m a in pipelines

2021 ◽  
pp. 188-194
Author(s):  
I. S. Fomenko ◽  
T. I. Sadykov ◽  
O. A. Yadryshnikova ◽  
I. V. Gulevich ◽  
M. V. Krivolapova ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Rapid Assessment ◽  
Economic Assessment ◽  
Oil And Gas Industry ◽  
Information Resource ◽  
Rolled Stock ◽  
Russian Government ◽  
Resource Base ◽  
Scientific Center ◽  
Gas Industry

One of the key strategic directions of the long-term program for the development of the oil and gas industry is the development of the resource base, including through the acquisition of new licenses at auctions and tenders held by Russian government agencies. To make a prompt decision to purchase a license area, it is necessary to carry out an objective technical and economic assessment. Official resources contain a minimum of initial data for making a decision, which led to the need to create a unified information system for assessing subsoil plots, accumulating information on new unallocated plots. The article gives valuable information about the main capabilities of the unique information resource, which was developed by specialists of Tyumen Petroleum Scientific Center LLC. This information resource is intended to provide the Company's specialists with a tool for rapid assessment of subsurface areas based on complex parameters of geology, development, infrastructure and economics in order to make a decision on the feasibility of acquiring an asset.

Content Analysis of Incident Reports in the Oil and Gas Industry: A Case Study

2017 ◽  
Vol 2 (1) ◽  
Author(s):  
Nor Aini Abdul Rahman ◽  
Khairi Izwan Abdullah ◽  
Masputeriah Hamzah
Keyword(s):  
Content Analysis ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Incident Report ◽  
Gas Industry ◽  
Incident Reports ◽  
Legal Constraints

This on-going study is carried out in order to identify the contents of incident reports obtained from an oil and gas contracting company. This is done through Interdiscursivity approach (Fairclough, 1992) by analyzing fifteen copies of summary of incident reports obtained from the company which was responsible in building turrets its international oil and gas clients. Incident report refers to a report produced when an accident or casualty happens at work. However due to legal constraints, the actual reports were not obtained. Instead, only summary of reports were obtained. Following that, interviews with engineers and supervisors were held in order to investigate further the generic resources (professional cultures and practices, Bhatia 2010) that influenced the production of the reports. However, only seven reports have been analyzed at the time of writing and data from the interview were not analyzed. Therefore, only findings from seven reports will be presented.

Knowledge motives in the cross-border acquisitions

2017 ◽  
Vol 15 (1) ◽  
pp. 103-123 ◽  
Author(s):  
Gisele Mazon ◽  
Fernando Moreira-da-Silva ◽  
Manuel Portugal Ferreira ◽  
Fernando Ribeiro Serra
Keyword(s):  
Oil And Gas ◽  
Mining Industry ◽  
Secondary Data ◽  
Oil And Gas Industry ◽  
Two Dimensions ◽  
Gas Industry ◽  
Content Type ◽  
Cross Border ◽  
Knowledge Strategy ◽  
Resources And Capabilities

Purpose This qualitative study, which is based on multiple cases, aims to analyze the pattern of acquisitions by Brazilian multinationals, such as Gerdau in the steel industry, Petrobrás in the oil and gas industry and Vale in the mining industry, to infer the likely knowledge motivations underlying the acquisitions of these firms. Design/methodology/approach The analyses of the three cases, with secondary data collected for the period from 2003 to 2007, classify the acquisitions according to the extent of the exploration or exploitation of resources and in two dimensions: business knowledge and location knowledge, in accordance with Ferreira’s (2005) model based on March (1991) and Chandler (1962). Findings The findings showed that the acquisitions by Gerdau, Petrobrás and Vale favored the exploitation of their resources and capabilities developed in the home market more than the exploration of new resources and capabilities. Regarding the ownership acquired, this study failed to observe the likely expected pattern of acquiring a majority stake for sustaining an exploitation strategy or a minority stake for sustaining an exploration strategy. Originality/value This study makes three contributions. First, the need to analyze the potential gains of new knowledge acquisition in domestic and cross-border expansion. Second, considering the opportunity to explore new resources and knowledge even for firms in commodity industries. Third, considering how the equity held is a structural solution that needs to be adjusted to the knowledge strategy.

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