Developing vietnam's oil and gas industry in association with energy and economic security in the international integration period

2021 ◽  
Vol 11 ◽  
pp. 55-61
Author(s):  
Thuong San Ngo
Keyword(s):  
Energy Balance ◽  
Energy Demand ◽  
Oil And Gas ◽  
Renewable Resource ◽  
Oil And Gas Industry ◽  
Primary Energy ◽  
Economic Security ◽  
Total Production ◽  
State Budget ◽  
Gas Industry

Oil and gas is a non-renewable resource that plays an important role in the economy. It is forecasted that by the middle of the twenty-first century, oil and gas still holds the leading position in primary energy balance in many countries. The world energy consumption in 2020 was over 4.1 billion tons of oil and 3,853 billion m3 of gas [1]. During 60 years of construction and development, Vietnam's oil and gas industry has made important contributions to the economy, especially helping the country overcome the energy crisis and budget deficit in the 1990s. By the end of 2020, the total production amounted to over 424 million tons of oil and condensate, and over 160 billion m3 of gas; at one time even contributing nearly 30% of the State budget and 22 - 25% of the GDP. Especially, the formation of important coastal petroleum industrial zones and oil and gas projects on the continental shelf have contributed to ensuring national sovereignty and national security. The demand for oil and gas in the energy balance increases rapidly with the speed of socio-economic development. It is forecasted that in the near future, Vietnam will no longer be self-sufficient in supply and must import completely to meet the country's energy demand. In parallel with proactively implementing urgent technical and technological solutions, Vietnam's oil and gas industry needs mechanisms to increase reserves and maintain oil and gas output, as well as prepare the next steps for transition to energy forms with low greenhouse gas emissions and renewable energy.

scholarly journals TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVER

2019 ◽  
pp. 116-123
Author(s):  
M. A. Valishvili
Keyword(s):  
Oil And Gas ◽  
General Scheme ◽  
Oil And Gas Industry ◽  
The State ◽  
Tax Burden ◽  
Total Production ◽  
Capital Investments ◽  
State Budget ◽  
Gas Industry ◽  
High Level

The volatility of hydrocarbon prices on world markets, as well as the high level of dependence of the state budget on oil and gas revenues, are the main conditions for assessing the effectiveness of tax regulation in the oil and gas sector. It should be considered, that, according to the General Scheme for the development of the oil industry of Russia up to 2035, a significant (up to 35%) reduction in oil production at the developed fields, which currently account for more than 70% of the total production, is predicted. Thus, it is necessary to find the optimal balance of the interests of the state, expressed in increasing the tax burden as a source of state revenues and business interests in capital investments in the development of deposits in the initial stages of development.

scholarly journals The industry structure of the Russian oil and gas complex: transformation processes and trends

2021 ◽  
Vol 9 (3) ◽  
pp. 26-30
Author(s):  
Nadezhda Zhilina
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Integrated Approach ◽  
Economic Security ◽  
The State ◽  
Economic Research ◽  
Gas Industry ◽  
Environmental Friendliness ◽  
Complex Transformation ◽  
Oil And Gas Resources

The oil and gas industry is becoming one of the key priorities of the state policy of the Russian Federation. Ensuring energy and economic security, sustainable development, and innovative development in the context of the digitalization of the economy requires a qualitatively new approach to regulating the oil and gas industry. The tasks of rational use of oil and gas resources, increasing productivity, and environmental friendliness of production processes are set not only for companies in the oil and gas sector, but also increase the responsibility of the state for achieving them. The solution of the above-mentioned tasks requires an integrated approach based on a theoretical and methodological basis, economic research, systematization of world experience, taking into account the use of modern management and regulation mechanisms of oil and gas complex enterprises.

scholarly journals MECHANISMS AND INSTRUMENTS FOR ENSURING ECONOMIC SECURITY OF OIL AND PETROCHEMICAL ENTERPRISES

2020 ◽  
Vol 8 (1) ◽  
pp. 126-130
Author(s):  
Camila Weisman
Keyword(s):  
Crude Oil ◽  
Oil And Gas ◽  
Raw Materials ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Economic Security ◽  
Gas Industry ◽  
Important Direction ◽  
The Russian Federation ◽  
Oil And Gas Sector

The oil and gas industry remains for Russia the most important source of income, a strategic industry. According to official figures of the Ministry of Finance of the Russian Federation, income from the oil and gas sector, according to the results of 2019, is 40% of the total budget of the country. A large volume of crude oil and gas is exported from the country. The tax burden on raw materials reaches up to 60% of the initial cost, which makes oil production at new fields extremely unprofitable. The most important direction for the country is the transition from a strategy for the sale of crude oil products to refined ones, which have an additional cost. The article discusses the features of domestic oil production, analyzes the reasons for overpriced in comparison with competitive raw materials from other oil producing leader countries. The strategy of ensuring the economic security of the industry is noted, the main tools are listed and the mechanisms for ensuring the economic security of petrochemical industry enterprises are presented.

World Oil Industry: Forecasts of Development up to 2035

2013 ◽  
pp. 54-61
Author(s):  
N. Baykov
Keyword(s):  
Oil And Gas ◽  
International Energy Agency ◽  
Oil Industry ◽  
Oil And Gas Industry ◽  
Primary Energy ◽  
Department Of Energy ◽  
Energy Resources ◽  
Energy Agency ◽  
Gas Industry ◽  
Probable State

The fresh forecasts on the probable state of world oil and gas industry up to 2035 have appeared in late 2011. The article deals with the main points and conclusions of the available forecasts of the International Energy Agency and the U.S. Department of Energy, especially concerning supposed indicators of output and consumption of primary energy resources, primarily crude oil, in the whole world and with breakdown by regions.

Carbon capture and storage in the oil and gas industry: 40 years on

2017 ◽  
Vol 57 (2) ◽  
pp. 413
Author(s):  
Christopher Consoli ◽  
Alex Zapantis ◽  
Peter Grubnic ◽  
Lawrence Irlam
Keyword(s):  
Oil Recovery ◽  
Energy Demand ◽  
Carbon Capture ◽  
Large Scale ◽  
Oil And Gas ◽  
Carbon Capture And Storage ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Wide Range ◽  
And Storage

In 1972, carbon dioxide (CO2) began to be captured from natural gas processing plants in West Texas and transported via pipeline for enhanced oil recovery (EOR) to oil fields also in Texas. This marked the beginning of carbon capture and storage (CCS) using anthropogenic CO2. Today, there are 22 such large-scale CCS facilities in operation or under construction around the world. These 22 facilities span a wide range of capture technologies and source feedstock as well as a variety of geologic formations and terrains. Seventeen of the facilities capture CO2 primarily for EOR. However, there are also several significant-scale CCS projects using dedicated geological storage options. This paper presents a collation and summary of these projects. Moving forward, if international climate targets and aspirations are to be achieved, CCS will increasingly need to be applied to all high emission industries. In addition to climate change objectives, the fundamentals of energy demand and fossil fuel supply strongly suggests that CCS deployment will need to be rapid and global. The oil and gas sector would be expected to be part of this deployment. Indeed, the oil and gas industry has led the deployment of CCS and this paper explores the future of CCS in this industry.

Management of Implementation of Nanotechnology in Upstream Oil Industry: An Analytic Hierarchy Process Analysis

2018 ◽  
Vol 140 (5) ◽  
Author(s):  
Pouyan Motamedi ◽  
Hasan Bargozin ◽  
Peyman Pourafshary
Keyword(s):  
Decision Making ◽  
Energy Demand ◽  
Oil And Gas ◽  
Emerging Technologies ◽  
Process Analysis ◽  
Oil Industry ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Novel Technologies ◽  
Single Matrix

Nanotechnology has had revolutionary effects in various fields of industry such as electronics, pharmaceuticals, and biomaterials. However, upstream oil industry has been noticeably slow in adopting the emerging technologies. This is mainly due to the exceptionally large investments needed to implement novel technologies in this industry. However, the projections for the increasing global energy demand require that oil and gas industry inevitably move toward adopting the emerging technologies. The high risk associated with enormous investments required for this aim necessitates measured and well-researched energy policies, with regard to the implementation of nanotechnology in the oil and gas industry. This paper presents a concise summary of the research reported in the literature on the potential benefits of nanotechnology in upstream oil industry. These applications were categorized into ten groups, and presented to a pool of experts, who judged on their relative importance with respect to various decision-making criteria. All this information was then compiled into a single matrix, which indicates the priority of each investment alternative with respect to every criterion in the form of a raw number. Finally, using a decision-making software package, a dynamic analytic hierarchical process (AHP) analysis was performed, providing a route to customized investment policies.

scholarly journals ECONOMIC SECURITY OF THE RUSSIAN OIL AND GAS INDUSTY IN THE CONDITIONS OF ENERGY TRANSITION

2021 ◽  
Vol 3 (26) ◽  
pp. 55-61
Author(s):  
V.A. Plotnikov ◽  
◽  
V.I. Babenkov ◽  
Keyword(s):  
Alternative Energy ◽  
Oil And Gas ◽  
Energy Transition ◽  
Oil And Gas Industry ◽  
Economic Security ◽  
Gas Industry ◽  
Transition Level ◽  
New Energy

The paper describes threats that the Russian oil and gas industry faces due to the transition to a new energy paradigm. It is demonstrated that the level of these threats depends on the time of this transition. Level of these threats will be different for oil and gas industries. Recommendations for adaption of the Russian oil and gas industry to the new energy paradigm. It is demonstrated that the development of alternative energy in our country will be auxiliary.

Interview: 2022 SPE President Kamel Ben-Naceur

2021 ◽  
Vol 73 (09) ◽  
pp. 16-19
Author(s):  
Kamel Ben-Naceur ◽  
Pam Boschee
Keyword(s):  
Energy Demand ◽  
Oil And Gas ◽  
International Energy Agency ◽  
Oil And Gas Industry ◽  
Energy Agency ◽  
Investment Activity ◽  
Gas Industry ◽  
The World ◽  
Sustainability Program ◽  
Energy Consulting

2022 SPE President Kamel Ben-Naceur Kamel Ben-Naceur is CEO of Nomadia Energy Consulting, where he advises on sustainable energy policies and global and regional energy economics and outlooks. He has worked as the chief economist for a major oil and gas company and for an oilfield services company. Ben-Naceur has also worked as a director of the International Energy Agency and as the industry, energy, and mines minister for the Tunisian government. He has chaired several SPE global committees, including Business Management and Leadership, the International Forum Series, and CO2 Capture, Utilization, and Storage. He has also taught several SPE courses on global energy and strategic thinking and planning. He was technical director for the Management and Information discipline on the SPE International Board of Directors from 2008 to 2011. Ben-Naceur was also an SPE Distinguished Lecturer during the 2009–2010 season and received an SPE Distinguished Member Award and SPE Distinguished Service Award in 2014, the AIME Charles F. Rand Memorial Gold Award in 2019, and the 2020 Sustainability and Stewardship in the Oil and Gas Industry Award. He has coauthored more than 150 publications and 17 books. Ben-Naceur holds the Agrégation de Mathématiques degree from the École normale supérieure and a master’s degree in engineering from École Polytechnique in Paris. What key issues will you emphasize as 2022 SPE President? Our industry, along with many other economical sectors, has experienced a major impact from the pandemic. The magnitude of the drop in oil demand in 2020, both in absolute and relative terms, is unprecedented. It led also to a major reduction in oilfield investment activity around the world, in the order of 30% compared to pre-COVID-19 levels. The fast-track development of vaccines and their availability, even though progress is still required to ensure that they are distributed fairly around the world, is raising hope that the worst may be behind us. SPE members have also been impacted in their ability to meet at technical conferences and exhibitions and participate in workshops or forums. As 2022 SPE President, the theme I wish to develop is the “sustainable recovery” for our industry and for SPE. The industry has experienced in 2020–2021 a major loss of valuable employees ranging from young professionals to senior members. This has followed a major downcycle in 2014–2015. After a 30% drop in Capex in 2020 compared to 2019, 2021 should see a modest recovery in activity (6–8% increase). The next year should welcome a 10–12% activity surge, providing an increase in employment opportunities for our members in transition, as well as for our student members. Barring new negative developments in the pandemic, the recovery in activity should strengthen to reach pre-COVID levels by 2025, albeit 15–20% below the level that was expected before. The recovery of demand and activity should also be linked to a more sustainable trajectory of energy demand and supply. Sustainability will be my second area of focus, with SPE having already engaged significantly. I had the opportunity to participate in the startup of the SPE GAIA Sustainability Program, which is now developing into many different directions, thanks to the efforts of SPE volunteers. 2019 SPE President Sami Al-Nuaim had put sustainability at the heart of his presidency, and I am pleased to see several of his initiatives materialize. The third area of focus will be a gradual restart of physical meetings, where we will transition with the increase of hybrid (in-person/virtual) events, which is eagerly anticipated by our members. The fourth area of focus is related to the development of the new SPE Strategic Plan. Last but not least, is the proposed merger between SPE and the American Association of Petroleum Geologists (AAPG).

scholarly journals Will Uzbekistan’s oil and gas industry benefit from international listing?

2016 ◽  
Vol 14 (2) ◽  
pp. 262-271
Author(s):  
Kurkam Suvanova ◽  
Changmin Lee ◽  
Hyoung-Goo Kang
Keyword(s):  
Oil And Gas ◽  
Positive Impact ◽  
Oil And Gas Industry ◽  
Government Control ◽  
State Budget ◽  
Gas Industry ◽  
Oil And Gas Fields ◽  
Low Efficiency ◽  
Gas Fields ◽  
Efficiency And Productivity

Uzbekistan’s oil and gas industry is experiencing declining production due to the depletion of existing oil and gas fields and aging production infrastructure. A multi-level organizational structure at Uzbekneftegaz is another reason for low efficiency of the industry, which causes the problems of increased bureaucracy, increased tax burden and inefficient allocation of resources. Partial privatization of Uzbekneftegaz can be an efficient tool in attracting alternative financing without putting the burden on the state budget and not ceding government control. Being listed on the international market, Uzbekneftegaz will have to follow internationally accepted corporate governance standards. This will have a positive impact on the efficiency and productivity of the industry

scholarly journals Oil and Gas Conservation in Saskatchewan

1969 ◽  
Vol 7 (3) ◽  
pp. 347
Author(s):  
J. T. Cawley
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Total Production ◽  
Gas Industry

The unrestricted application of the rule of capture in the oil and gas industry results in wasteful practices. The author discusses how the Saskatchewan Oil and Gas Conservation Act attempts to solve these difficulties and thereby provide optimum efficiency and also enable each common owner to obtain a just and equitable share of the total production of any pool.

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