scholarly journals Delay Impact of COVID-19 Pandemic on Malaysia's Oil and Gas Projects

2021 ◽  
Vol 9 (4) ◽  
Author(s):  
Hissein Djibrine Abdelrassoul ◽  
Zulhasni Bin Abdul Rahim
Keyword(s):  
Oil And Gas ◽  
Movement Control ◽  
Oil And Gas Industry ◽  
Mitigation Strategies ◽  
Mitigation Measures ◽  
Gas Industry ◽  
Importance Index ◽  
Essential Services ◽  
Information Delay ◽  
Control Order

COVID-19 pandemic has extremely affected people and businesses around the world. Oil and gas industry are not exempted, and negatively impacted by the unprecedent crisis of COVID-19. This pandemic has also caused delays in the oil and gas projects. In an attempt to control the spread of COVID-19, Malaysian government has introduced Movement Control Order (MCO) in the whole country to be closed and lockdown all premises except essential services to operate. This has resulted major delays in the project execution. Researchers have conducted studies to identify factors that causing project delays. Approximately 75 delay factors were found from previous studies and it revealed that most delay factors were not caused by COVID-19. In the current research, the delay factors due to COVID-19 were identified and some delay factors were found to have similarity with literature. Additionally, interview sessions were organized with oil and gas professionals involving in the oil and gas industry. Delay factors due to COVID-19 and mitigation strategies were identified from the interview sessions. Moreover, this result has used in the designing of survey questionnaire and distributed to project practitioners working in the oil and gas industry in Malaysia. 110 Oil and gas professionals include 52 Clients, 25 consultants, 23 contractors, 5 subcontractors and 5 vendors/suppliers have participated in the survey. Data collected from survey was analyzed and interpreted by means of median and Relative Importance Index (RII). Based on this information, delay factors and mitigation strategies were ranked according to their importance and impact to project. It is observed that the higher value of the RII the more critical cause or impact factor. Top seven (7) delay factors were identified and top seven (7) mitigation measures were proposed as recommendations for future implementation in the oil and gas project.

scholarly journals Project Risk Mitigation and Project Execution in the Nigeria Oil And Gas Industry

2021 ◽  
Vol 4 (2) ◽  
pp. 117-125
Author(s):  
Ike Egboga ◽  
Eniola Taiwo
Keyword(s):  
Oil And Gas ◽  
Risk Mitigation ◽  
Rank Order ◽  
Oil And Gas Industry ◽  
Analysis Data ◽  
Mitigation Strategies ◽  
Project Risk ◽  
Gas Industry ◽  
Risk Mitigation Strategies ◽  
Holistic Integration

The focus of this study is to examine the relationship between project risk mitigation and project execution in the Nigeria oil and gas industry. Specifically, the study examines the extent of contribution of project risk mitigation in realising project budget, quality, schedule and scope during execution. In pursuant of these objectives, survey research design was used. 102 questionnaires were administered to the Managing Directors or Chief Operating Officers and project or operations managers of the selected companies. Eighty two questionnaires were validly retrieved and used for data analysis. Data obtained were analysed mean and Spearman’s rank order correlation analysis. The study found that projects risk mitigation was significantly and positively related to project execution in terms of budget, quality, schedule and scope. The study therefore recommends that there should be a holistic integration and constant improvement of project risk mitigation strategies which will help improve the quality of projects executed in the Nigerian oil and gas industry.

Local Content Law and Practice

2020 ◽  
pp. 139-160
Author(s):  
Charles Godfred Ackah ◽  
Asaah S. Mohammed
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Local Participation ◽  
Gas Industry ◽  
Oil Companies ◽  
Local Content ◽  
Essential Services ◽  
Exploration And Production ◽  
Regulatory Capacity ◽  
Local Firms

Local content and local participation policy and legislation have come to stay in Ghana’s oil and gas industry. The policy and legislation have been described largely as adequate, promising, and necessary to promote local content and local participation in the oil and gas industry. Implementation of the policy and legislation has, however, produced mixed results, according to industry stakeholders and researchers. Evidence suggests some level of compliance by international oil companies to implement the policy and legislation on local content. Some Ghanaian companies have been awarded contracts to provide essential services and goods to these international oil companies during exploration and production. Several factors, however, militate against effective implementation of the policy and legislation. Notable among these are the low capacity of local firms, discrimination against local firms by international oil companies through vertical integration, and the weak regulatory capacity of the Petroleum Commission to enforce local content implementation.

Look before you leap: are your oil patch liability clauses enforceable?: (An analysis under civil law jurisdictions with emphasis on Brazil)

2021 ◽  
Author(s):  
Norman Nadorff ◽  
Maria Beatriz Gomes
Keyword(s):  
Human Error ◽  
Oil And Gas ◽  
Common Law ◽  
Civil Law ◽  
Normal Fault ◽  
Oil And Gas Industry ◽  
Mitigation Strategies ◽  
Policy Implications ◽  
Gas Industry ◽  
Environmental Integrity

Abstract The oil and gas industry requires huge investments involving extraordinary financial, environmental and safety risks. Dramatic images of the Deepwater Horizon (Gulf of Mexico, 2010), Alpha Piper (Scotland, 1988), P-51 (Brazil, 2001) and Campeche (Mexico, 1979) disasters offer chilling reminders of the monumental loss of life, property and environmental integrity that can quickly result from human error. With this backdrop, industry participants and their insurers learned early on that the normal fault-based approach to wellsite liability did not fit the nature and needs of the petroleum business. This article analyzes the risks inherent in applying the laws of a civil law jurisdiction to an oil and gas wellsite contract based on common law principles, with special emphasis on Brazil. It first briefly describes the traditional common law approach to liability allocation in wellsite contracts, including “knock-for-knock” principles (“K4K”). Next, it outlines the traditional civil law approach to liability (responsbilité) through French and Brazilian prisms. The authors do not deeply discuss the pros and cons of K4K clauses nor the policy implications of anti-indemnity statutes. Rather, they assume the reader is contemplating the negotiation of a wellsite services contract subject to the laws of a civil law jurisdiction, and describe the relevant risks and possible mitigation strategies.

Effectiveness of Safety Management in Oil and Gas Project

2015 ◽  
Vol 815 ◽  
pp. 429-433 ◽  
Author(s):  
Idris Othman ◽  
M. Napiah ◽  
M.F. Nuruddin ◽  
M.M.A. Klufallah
Keyword(s):  
Oil And Gas ◽  
Safety Management ◽  
Oil And Gas Industry ◽  
Research Focus ◽  
Gas Industry ◽  
Importance Index ◽  
Technology Market ◽  
Upstream Part ◽  
Changes Over Time ◽  
Main Factor

The industry of oil and gas will be always constantly adapting to changes over time, whether in terms of technology, market demands or price thus increase the operational risk and danger in the operation. The purpose of this research is to study on the current practices of safety management implemented in the upstream part in the industry and its effectiveness, altogether to emphasize on the importance of safety management system in the industry. This research focus on the implemented safety management in upstream sector of oil and gas industry especially in PETRONAS Carigali Sdn. Bhd in Malaysia and evaluate and investigate its effectiveness. Questionnaire survey is conducted regarding safety and the data and results gained from the survey are analysed using the Relative Importance Index (RII) and also by using Average Index (AI). The research put safety management as the main factor in preventing and reducing accidents and incidents to occur in industries of the oil and gas and emphasize on awareness and importance of managing safety in oil and gas industry.

Deployment of Digital NDT Solutions in the Oil and Gas Industry

2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

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.

The Political Economy of Power: Approaches to the Analysis of Relationships between the State and Business in Russia

2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik
Keyword(s):  
Oil And Gas ◽  
Road Construction ◽  
Oil And Gas Industry ◽  
Retail Trade ◽  
Business Community ◽  
The Political ◽  
Economic Power ◽  
Gas Industry ◽  
The Road ◽  
Ruling Elites

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.

Consideration of Geopolitical Challenges within the Analysis of Geoenvironmental Risks for Oil and Gas Development of the Russian Arctic

2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Optimal Operation ◽  
The Arctic ◽  
Stage Model ◽  
Oil And Gas Development ◽  
Gas Industry ◽  
The Impact ◽  
Further Development ◽  
Geopolitical Risks

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest

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