scholarly journals Strategic competitiveness of oil and gas industry

2020 ◽  
Vol 4 (78) ◽  
pp. 130-135
Author(s):  
A. TAZHIDENOVA ◽  
◽  
R. SABIROVA ◽  
ZH. BISEMBIYEVA ◽  
А. KARAMULDINA ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Raw Materials ◽  
Oil And Gas Industry ◽  
World Market ◽  
Point Of View ◽  
Oil Refining ◽  
Gas Industry ◽  
Difficult Situation ◽  
Oil Companies ◽  
The World

The formation of vertically integrated companies, on the one hand, is an important stage in describing the scale of market changes, and secondly, the formation of significant structural issues of oil refining and oil transportation, as well as petrochemical enterprises. Such a complex technological decline can be explained by the lack of sufficient investment in the oil refining industry. Especially petrochemical enterprises are in a difficult situation, the lack of a stable link with raw materials suppliers, instability in the world market of petrochemical products, lack of investments hamper the development of enterprises in this field. The world market showed that in the field of oil refining and petrochemical companies their consolidation at the corporate level, as a result of which there are no prospects for the development of private oil companies, without which their competitiveness can not be increased. From this point of view, the topic of the article is relevant. Theoretical and practical bases of competitiveness of oil and gas enterprises and its management were considered. The study of the theoretical bases of competition, competitiveness and management of competitiveness, as well as factors influencing competitiveness, allowed to describe competitiveness in a comparative degree. You can note such factors that affect the competitiveness of the enterprise, as the competitiveness of products, the competitiveness of technology and the competitiveness of personnel.

scholarly journals Multipliers based on oil and gas production and reserves as national vertically integrated oil companies’ indicator of lucrativeness for investors

2021 ◽  
Vol 26 (2) ◽  
pp. 170-194
Author(s):  
Oleg V. SHIMKO
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Oil Refining ◽  
Favorable Effect ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Business Valuation ◽  
Market Capitalization ◽  
Oil Companies

Subject. The article investigates ratios of market capitalization to production and proven reserves held by the twenty five major public oil and gas corporations within 2008 through 2018. Objectives. I trace key trends in ratios of market capitalization to production and proven reserves in major public oil and gas corporations. The article also determines what caused such transformation for the analyzable period and indicates whether such multipliers are applicable to business valuations in the oil and gas sector. Methods. I use methods of comparative, financial and economic analysis, and summarize materials of financial statements. Results. The analyzable multipliers were found to be applicable to business valuation of oil and gas corporations. If a company has oil refining and petrochemisry segments in its architecture, it will have a favorable effect on ratios. The company will also benefit if its profitability is higher than that of competitors. National companies and their indicators are seen to be influenced by the country factor, which should be taken into account for purposes of business valuation. Ratios depend on the availability of proven reserves. This aspect influences the multiplier of ratio of market capitalization to proven reserves. Therefore, it is advisable in case of similar proven reserves in comparable companies. Hence, it is more preferable to use the multiplier of the ratio of market capitalization to production. Conclusions and Relevance. It is acceptable to use the multiplier with reference to the information on production even if the profitability goes down and the debt burden increases in the listed sector of the global oil and gas industry, while the ratio based on proven reserves is more reasonable as an auxiliary indicator. The findings can be used to appraise the possible value of oil and gas assets as part of the comparable approach. They can also underlie measures for raising the market capitalization of public oil and gas companies.

scholarly journals The Concept of Sustainable Development of the Oil and Gas Sector as One of the Subsystems of Noonomics

2020 ◽  
Vol 6 (4) ◽  
pp. 278-286
Author(s):  
A. S. Fomenko
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Time Factors ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Oil Refining ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Oil Companies ◽  
Oil And Gas Sector

This work is devoted to the study of a new way of development of the oil and gas industry, which is due to the influence of many factors of our time. Factors such as limited resources, an increase in the anthropogenic and technological load on the environment, and the risks associated with the complexity of the oil refining process itself, require a fundamentally different solution, which is fully provided by noonomics. It is shown that sustainable development based on the principles of noonomics reduces the role and significance of material factors in the production process of vertically integrated oil companies and the oil and gas industry as a whole, highlighting scientificand technological progress in oil and gas production and their processing.

scholarly journals Global Oil & Gas Corporations in the Race for Technological Superiority

2021 ◽  
Vol 65 (5) ◽  
pp. 59-67
Author(s):  
A. Bereznoi
Keyword(s):  
Research University ◽  
Oil And Gas ◽  
Energy Transition ◽  
Basic Research ◽  
Oil And Gas Industry ◽  
Service Firms ◽  
Low Carbon ◽  
Gas Industry ◽  
Oil Companies ◽  
The World

Received 16.12.2020. The article explores the key trends in R&D and innovation activities of the world’s largest oil&gas companies through the lens of dynamic shifts taking place in the competitive landscape of the global energy sector. The first area, where the author sees significant changes, relates to the appearance of the new powerful players in the technological domain of the world oil and gas industry. He draws attention to the growing roles of national oil companies and multinational oilfield service firms as increasingly important investors in R&D and innovations. These developments are analyzed in the context of the overall competitive positioning of Western-based supermajors whose technological dominance in the industry has never seriously been challenged before. Another significant change, noticed by the author, relates to the new technological priorities set by the world’s largest oil&gas companies for the foreseeable future. Two major sets of technologies are becoming increasingly important as strategic areas for investment by the industry giants. One of them, low-carbon technologies, reflects the dramatic evolution of the “Big Oil” attitude to the Energy transition. In contrast to a largely negativist (or at best ‘window-dressing’) approach to climate agenda, visible just a decade ago, most oil&gas giants have recently adopted individual low-carbon strategies driven to a large extent by the significantly increased pressure from the powerful institutional investors and the growing influence of the negative public opinion. The second top technological priority relates to the changing digital agenda in the oil and gas industry. It reflects the transition of the industry leaders to the next generation digital technologies (including internet of things, artificial intelligence, machine learning and robotics) but most importantly to a systemic approach in digital transformation contrasting with traditional “piecemeal” IT projects with limited operations coverage. The changing innovation management mechanisms are also considered by the author as one of the key trends in technological domain of the world oil and gas industry. Specific focus is devoted to the formation of the corporate innovation ecosystems, including various R&D and innovation collaborations with different innovation actors (business partners, professional research centers, universities and governments organizations) and the connected vast spread of open innovation-based instruments working within these alliances. Acknowledgements. The article was prepared within the framework of the Basic Research Program at the National Research University Higher School of Economics.

scholarly journals Research on the internationalization strategy of Chinese state - owned oil companies in the Kazakhstan market

2020 ◽  
pp. 128-137
Author(s):  
U Shuan
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
World Market ◽  
Gas Industry ◽  
Oil Companies ◽  
Chinese Companies ◽  
Internationalization Strategy ◽  
The Subject ◽  
Chinese State ◽  
International Interaction

The article is devoted to the study of the activity of the People's Republic of China (China) in the world market. The purpose of this study is to study the international interaction of Chinese state-owned oil companies and identify the specifics of their behavior strategy in the Kazakhstan market. The subject of the research is the strategy of internationalization; the subject of the research is the Chinese state oil companies. As a methodology for this study, comparative analysis, the method of analysis and synthesis of information about the object of research, methods of analysis of statistical and expert data are used. Based on the research, the author concludes that expansion is used. Chinese state-owned oil companies strive to develop international cooperation, primarily based on historically established partnerships. The internationalization strategy prevailing in Chinese companies has its own characteristics depending on the partner country. Over twenty years, Chinese companies have confidently consolidated their positions in the oil and gas industry of Kazakhstan thanks to initial investments in the assets of Kazakhstani companies, in joint projects to develop new and modernize old fields, and to build new plants.

scholarly journals Multipliers Based on Oil And Gas Production and Reserves as National Vertically Integrated Oil Companies’ Indicator of Lucrativeness for Investors. Part II

2021 ◽  
Vol 26 (3) ◽  
pp. 268-290
Author(s):  
Oleg V. SHIMKO
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Oil Refining ◽  
Favorable Effect ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Business Valuation ◽  
Market Capitalization ◽  
Oil Companies

Subject. The article investigates ratios of market capitalization to production and proven reserves held by 25 major public oil and gas corporations within 2008 through 2018. Objectives. I trace key trends in ratios of market capitalization to production and proven reserves in major public oil and gas corporations. The article also determines what caused such transformation for the analyzable period and indicates whether such multipliers are applicable to business valuations in the oil and gas sector. Methods. I use methods of comparative, financial and economic analysis, and summarize materials of financial statements. Results. The analyzable multipliers were found to be applicable to business valuation of oil and gas corporations. If a company has oil refining and petrochemisry segments in its architecture, it will have a favorable effect on ratios. The company will also benefit if its profitability is higher than that of competitors. National companies and their indicators are seen to be influenced by the country factor, which should be taken into account for purposes of business valuation. Ratios depend on the availability of proven reserves. This aspect influences the multiplier of ratio of market capitalization to proven reserves. Therefore, it is advisable in case of similar proven reserves in comparable companies. Hence, it is more preferable to use the multiplier of the ratio of market capitalization to production. Conclusions and Relevance. It is acceptable to use the multiplier with reference to the information on production even if the profitability goes down and the debt burden increases in the listed sector of the global oil and gas industry, while the ratio based on proven reserves is more reasonable as an auxiliary indicator. The findings can be used to appraise the possible value of oil and gas assets as part of the comparable approach. They can also underlie measures for raising the market capitalization of public oil and gas companies.

A Comparison of Double Block and Bleed Technologies

2012 ◽  
Author(s):  
Angus Bowie
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
The World ◽  
Maintenance Activities ◽  
True Definition ◽  
Plant Shutdown

Double Block and Bleed is a term often used in the oil and gas industry to define a level of isolation sufficient to perform maintenance activities. The true definition relates to incumbent valves providing two proven levels of isolation against the outboard pressure to permit breaching of containment in the isolated pipe. This paper assesses how temporary isolation devices can provide equivalent isolation where incumbent valves do not exist at appropriate locations in the system. It reviews the different interpretations of Double Block and Bleed used within the industry and compares how different isolation devices are assessed in relation to the level of isolation they provide. It will reference several examples from around the world of where temporary isolation devices have been used to replace valves and perform repairs in trunk pipelines without depressurising the whole pipeline. It will also cover examples of isolating live process pipe to perform maintenance activities outside plant shutdown.

Assessment of the positions of the exporting countries of agri-food products on the world market according to their role in global value chains

2021 ◽  
pp. 8-14
Author(s):  
Elena Yu. Frolova ◽  
Keyword(s):  
Raw Materials ◽  
Action Plan ◽  
Value Added ◽  
Global Value Chains ◽  
World Market ◽  
Point Of View ◽  
Value Chains ◽  
Agricultural Exports ◽  
Export Policy ◽  
The World

The place in the rankings of agricultural exporting countries in world trade is estimated in terms of the volume of imports and exports of raw materials and food. However, to assess the efficiency of agricultural exports, it is important to analyze the value added of exported goods produced in the country. The position of the exporting country in global value chains is derived from the type of agricultural production, which in turn depends on the level of development of the national economy, the availability and breadth of use of modern high technologies. The article examines the concept of the development of world agriculture from the point of view of the formation of global value chains, set out in the report of the UN World Food Organization [1] in comparison with the political decisions of such countries as India and the People’s Republic of China in the development of agricultural and food exports. The paper analyzes the risks associated with the consolidation of developing countries as suppliers of agricultural raw materials, as well as the conditions and action plan that allow the country-exporter of agricultural raw materials to move to higher levels in the global value chains on the world market. This experience should be considered to make comprehensive and effective decisions on the formation of the export policy of agricultural products and food of the Russian Federation, considering the food security of the country.

scholarly journals How Oil Contracts Affect Human Rights

2018 ◽  
Vol 3 (4) ◽  
pp. 30
Author(s):  
Maria João Mimoso ◽  
Clara da Conceição de Sousa Alves ◽  
Diogo Filipe Dias Gonçalves
Keyword(s):  
Human Rights ◽  
Oil And Gas ◽  
Social Issues ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Oil Companies ◽  
The Social ◽  
Oil Contracts ◽  
The 19Th Century ◽  
The Impact

Since the beginning of the 19th century, we have assisted major proliferation of the oil and gas industry. This phenomenon of exponential growth is due to the fact that oil companies hold the world’s oil monopoly on the extraction, processing and commercialization. Therefore, as being one of the most influential sectors in the world, is crucial to strictly regulate how oil and gas contracts concerns the potential environmental and social impacts arising from the conduct of petroleum operations and how such behavior affects the human rights. As a matter of fact, the social issues field is an emerging area, and despite such importance, oil contracts do not often deal with them in great detail, corresponding to an actual emptiness of the human rights provisions. In terms of responsibly, oil companies, have an inalienable obligation to ensure that their actions do not violate human rights or contribute for their violation. This study aims to trace a detailed analysis of the impact of the oil and gas agreements in human rights. In order to fully comprehend the deep effects of this industry, we will examine, in detail, numerous of published oil and gas agreements, as well as, decode which are the real standards and practices accepted by this industry. We will use a deductive and speculative reasoning. We will try to demonstrate how incipient and short protection is given to human rights and what responsible conducts must urgently be developed.

scholarly journals APPLICATION OF JET MIXERS FORPREPARATION OF RAW MATERIALS FOR PRIMARY PROCESSING PLANTS OIL REFINING

2021 ◽  
Vol 2 (68) ◽  
pp. 37-41
Author(s):  
A. Gumerov ◽  
G. Sidorov ◽  
R. Musaeva
Keyword(s):  
Oil And Gas ◽  
Raw Materials ◽  
Fire Hazard ◽  
Oil And Gas Industry ◽  
High Energy ◽  
Oil Refining ◽  
Repair Costs ◽  
Ansys Cfx ◽  
Processing Plants ◽  
Propeller Blades

In the oil and gas industry, bottom sediments are deposited in reservoirs, which reduce the efficiency of oil refining. The optimal yield of light oil products during primary oil refining was considered. To achieve high energy efficiency, it is necessary to compound the oil in the tank using agitators. The available propeller agitators are considered, and their shortcomings are revealed. The disadvantages include: high repair costs, the presence of an electric motor that increases the fire hazard of production, the occurrence of axial loads as a result of rotation and clogging of impurities in the propeller blades. A jet mixer can compensate for the disadvantages of propeller agitators. The simulation was performed using the ANSYS CFX software package. Models have been developed for: cyclic mixing; mixing with a propeller agitator; mixing with a jet agitator. A strength calculation was performed with the ANSYS-Static Structural module with imported data from ANSYS CFX for the propeller and jet agitator. It is revealed that the jet mixer, with its simple design and operation in comparison with other compounding methods, allows to achieve better mixing and lower loads on the tank.

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