scholarly journals Storage, Handling and Safety Procedure for Fuel in Oil & Gas Industry

2019 ◽  
Vol 9 (1) ◽  
pp. 1031-1032
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Vital Role ◽  
Gas Industry ◽  
Article Deal ◽  
Safety Precaution ◽  
The Government ◽  
Oil Gas ◽  
And Storage ◽  
Safety Procedures

After Finding the oil & gas occurrences in the subsurface using various methods and tools that were available in Upstream Oil and Gas Industry. Further reaching the reservoir and taking out the Oil & Gas from those to the surface the fuel have to transport and store to get purify for supply to the required user. Here the Midstream peoples plays a vital role in it. The drilled Oil and Gas have to transport from the occurrence to the destination Refinery so it have to be planned well and many safety procedure have to be done to avoid any problem in those transportation and after transporting to the destination it must be maintained in perfect temperature condition and perfect storage tanks either above the ground or the underground .Again there are some safety procedures to be followed which were approved by the Government safety norms. This article deal about the process and procedures in transporting and storage of fuels from upstream to midstream to downstream .Also about the safety precaution and procedure to be followed to have a safe storage and handling.

scholarly journals The Alberta Land Stewardship Act and its Impact on Alberta's Oil and Gas Industry

2010 ◽  
Vol 48 (2) ◽  
pp. 295 ◽  
Author(s):  
Alan Harvie ◽  
And Trent Mercier
Keyword(s):  
Land Use ◽  
Oil Sands ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Land Use Decisions ◽  
Land Stewardship ◽  
The Government ◽  
The Impact ◽  
Oil Gas

This article discusses the impact of the Alberta Land Stewardship Act – enacted by the Government of Alberta with the goal of developing an overarching land use policy to manage all lands and natural resources in the province – on Albertans generally, as well as the oil, gas, and oil sands industries. Although the implementation of the Act is in its early stages, the article nonetheless argues that the Act, and the authority that it grants, will significantly alter the way that land use decisions are made in Alberta and, of specific interest to those in the oil, gas, and oil sands industries, the manner in which proposed projects are reviewed and approved.

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

scholarly journals MANAGEMENT AUTHORITY OF OIL AND GAS RESOURCES IN ACEH TERRITORY AFTER SIGNING THE GOVERNMENT REGULATION NUMBER 23 YEAR 2015

2018 ◽  
Vol 3 (Number 2) ◽  
pp. 59-69
Author(s):  
Azhari Yahya ◽  
Nurdin MH
Keyword(s):  
Government Regulation ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Oil And Gas Fields ◽  
Oil And Gas Resources ◽  
Free Aceh Movement ◽  
The Government ◽  
Gas Fields ◽  
Energy Law

The oil and gas industry in Indonesia has been started since 1871 by Royal Dutch Shell. Meanwhile, the oil and gas industry in Aceh began in 1971 which was marked by the discovery of the Arun oil and gas fields. At that time, the management of oil and gas is done centrally by not involving the Government of Aceh as a regional producer. This led to armed conflict between the Government of Indonesia and the Free Aceh Movement and prolonged conflict (for 32 years) ended with the approval of the joint oil and gas management pattern found in the territory of Aceh as stipulated in the MoU Helsinki on August 15 2005, Law No. 11 of 2006 concerning the Government of Aceh and Government Regulation No. 23 of 2015 concerning Joint Management of Oil and Gas in Aceh. In order to finalize joint oil and gas management in Aceh, universities, especially the Faculty of Law, need to immediately prepare human resources who are competent in the oil and gas and energy law so that they are skilled at negotiating and drafting a Production Sharing Contracts (PSC) for oil and gas or Kontrak Bagi Hasil (KBH). For this purpose, law faculties need to immediately incorporate oil and gas and energy law courses into their curriculum.

Quantifying Economic Uncertainties and Risks in the Oil and Gas Industry

2021 ◽  
pp. 154-184
Author(s):  
Sorin Alexandru Gheorghiu ◽  
Cătălin Popescu
Keyword(s):  
Business Performance ◽  
Oil And Gas ◽  
Water Injection ◽  
Oil And Gas Industry ◽  
Oil Field ◽  
Gas Industry ◽  
Field Development ◽  
Drilling Rig ◽  
Oil Field Development ◽  
Oil Gas

The present economic model is intended to provide an example of how to take into consideration risks and uncertainties in the case of a field that is developed with water injection. The risks and uncertainties are related, on one hand to field operations (drilling time, delays due to drilling problems, rig failures and materials supply, electric submersible pump [ESP] installations failures with the consequences of losing the well), and on the other hand, the second set of uncertainties are related to costs (operational expenditures-OPEX and capital expenditures-CAPEX, daily drilling rig costs), prices (oil, gas, separation, and water injection preparation), production profiles, and discount factor. All the calculations are probabilistic. The authors are intending to provide a comprehensive solution for assessing the business performance of an oil field development.

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 Characterization and Treatment Technologies Applied for Produced Water in Qatar

Water ◽  
2021 ◽  
Vol 13 (24) ◽  
pp. 3573
Author(s):  
Hana D. Dawoud ◽  
Haleema Saleem ◽  
Nasser Abdullah Alnuaimi ◽  
Syed Javaid Zaidi
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Produced Water ◽  
Cost Effective ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Treatment Techniques ◽  
Treatment Technologies ◽  
Oil Gas

Qatar is one of the major natural gas (NG) producing countries, which has the world’s third-largest NG reserves besides the largest supplier of liquefied natural gas (LNG). Since the produced water (PW) generated in the oil and gas industry is considered as the largest waste stream, cost-effective PW management becomes fundamentally essential. The oil/gas industries in Qatar produce large amounts of PW daily, hence the key challenges facing these industries reducing the volume of PW injected in disposal wells by a level of 50% for ensuring the long-term sustainability of the reservoir. Moreover, it is important to study the characteristics of PW to determine the appropriate method to treat it and then use it for various applications such as irrigation, or dispose of it without harming the environment. This review paper targets to highlight the generation of PW in Qatar, as well as discuss the characteristics of chemical, physical, and biological treatment techniques in detail. These processes and methods discussed are not only applied by Qatari companies, but also by other companies associated or in collaboration with those in Qatar. Finally, case studies from different companies in Qatar and the challenges of treating the PW are discussed. From the different studies analyzed, various techniques as well as sequencing of different techniques were noted to be employed for the effective treatment of PW.

scholarly journals MANAGEMENT OF THE OIL AND GAS INDUSTRY IN INDONESIA MANAGERIAL PERSPECTIVE (STUDY IN THE INDONESIAN UPSTREAM OIL AND GAS INDUSTRY)

2021 ◽  
Vol 2 (3) ◽  
pp. 381-395
Author(s):  
Kasman Arifin ◽  
Dina Hidayat ◽  
Iqbal Maulana Arifin
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Developed Countries ◽  
Financial Accounting ◽  
Exploratory Research ◽  
Literature Study ◽  
Gas Industry ◽  
State Income ◽  
The Government ◽  
Managerial Perspective

This article discusses the organization of upstream oil and gas industri in Indonesia from managerial perspective. For Indonesian context, actually this has been arranged by the Statement Oil and Gas Standard Accountancy No.29 Year 2009. In developed countries such as United States there is Standard Financial Accounting Statement issued by Financial Accounting Standard Board (FASB). In order to obtain clarity and transparency and to avoid different interpretation between the contractors and the government, therefore there ought to be explicit principles and methods in production sharing contract and desired accountancy period so that the similar method can be applied on APBN (National Planning and Expenditure Budget). This is since accountancy method affects financial report. With the latter, contractor’s performance and state income can be measured. Research methodology are ground research and exploratory research, reaseacher assumption based on field condition and resolve problem from literature study.

scholarly journals Corrosion Control, Prevention and Mitigation in Oil & Gas Industry

2019 ◽  
Vol 9 (2) ◽  
pp. 1568-1572
Keyword(s):  
Oil And Gas ◽  
Continuous Production ◽  
Oil And Gas Industry ◽  
Co2 Corrosion ◽  
Gas Industry ◽  
Well Control ◽  
Material Choice ◽  
Definition Of ◽  
The Impact ◽  
Oil Gas

The impact of corrosion within the refining industry ends up in the failure of components. This failure leads to closing down the plant to scrub the corroded components. Additionally, corrosion normally causes serious environmental issues, namely spills and releases. A vital resource for all those that are concerned within the corrosion management of oil and gas infrastructure, corrosion management within the oil and gas industry provides engineers and designers with the tools and strategies to plan and implement comprehensive corrosion-management programs for oil and gas infrastructures. Control of corrosion is important for continuous production and evading the well control losses. Materials to be used in down hole have to meet certain characteristics to avoid corrosion and provide additional mechanical strenght. It is potential to determine a logical series of steps for material choice, incorporating analysis of the surroundings, corrosion rate calculations, and final material choice based on established limits. Several developments have taken place in refinement the calculation of CO2 corrosion rates. Moreover, the definition of bitter examination has been reviewed and a way wider evaluation of the relevance of varied established and new materials for various service conditions has been created.

Taxation aspects of climate change management measures

2010 ◽  
Vol 50 (1) ◽  
pp. 253
Author(s):  
David Lewis
Keyword(s):  
Climate Change ◽  
Financial Reporting ◽  
Oil And Gas ◽  
Global Climate ◽  
Action Plan ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Management Measures ◽  
The Government

Climate change is undoubtedly one of the greatest economic, social, and environmental challenges now facing the world. The present Australian Government is committed to acting on climate change and Australia’s progress towards its emissions reduction targets is being closely watched internationally. To contribute effectively to global climate change action, Australia must demonstrate its ability to implement robust and sustainable domestic emissions management legislation. The Carbon Pollution Reduction Scheme (CPRS), modelled after the cap-and-trade system, continues to be debated by our policymakers, as the Government moves to re-introduce its preferred CPRS legislative package for the third time. The advent of climate change legislation is inevitable and its impact will be far-reaching. This paper reviews the fiscal aspects of the proposed CPRS legislation in the context of the oil and gas industry, and whether it is conducive to creating incentives for appropriate climate change response by the industry. In particular, this paper will consider: the direct and indirect tax features specifically covered in the proposed CPRS legislation and their implications; the areas of taxation that remain uncanvassed in the proposed CPRS legislation and aspects requiring clarification from the tax administration; the interaction between Petroleum Resource Rent Tax (PRRT) and the CPRS measures; the flow-on impacts to taxation outcomes resulting from proposed accounting and financial reporting responses to the CPRS legislation; the income tax and PRRT treatment of selected abatement measures; and, elements of a good CPRS tax strategy and compliance action plan.

The power of digital: workplace tools to modernise safety compliance

2019 ◽  
Vol 59 (2) ◽  
pp. 513
Author(s):  
Karl V. Ahlgren ◽  
Naaman Shibi
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Further Education ◽  
Effective Management ◽  
Gas Industry ◽  
Digital Workplace ◽  
Left Behind ◽  
Safety Regulations ◽  
Safety Compliance ◽  
Safety Procedures

Jobs and industries around the globe are following the Darwinist model of needing to adapt to change for survival. A high proportion of the next generation entering colleges, technical and further education (TAFE) and universities today are preparing for jobs and tasks that do not exist yet. Recent technological advancements have meant that some industries and workforces are at risk of being left behind. With national and international safety regulations getting increasingly strict and competition tightening, the importance of maintaining a modern workplace and workforce to comply with safety procedures has never been more apparent. The oil and gas industry is one such field where safety audit, compliance and effective inspection are paramount. With considerable industry regulations, standards and checks, it is imperative that there are good systems in place. Implementing mobile technology is fast becoming the universal solution within the oil and gas industry to ensuring effective management and thorough compliance.

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