scholarly journals About the Method of Analysis of Economic Correlations by Differentiation of Spline Models

2014 ◽  
Vol 8 (5) ◽  
pp. 197
Author(s):  
Ruslan Hizrailevich Ilyasov
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Spline Approximation ◽  
Correlation Ratio ◽  
Dynamics Modeling ◽  
Economic Dynamics ◽  
Spline Models ◽  
Oil And Natural Gas ◽  
Economic Indexes ◽  
Time Point

The article considers spline approximation as one of efficient methods of modeling economic dynamics. Spline approximation of economic dynamics allows carrying out qualitative and accurate transition from discrete values of a lattice function to a continuous model of a process, which allows calculating values of a studied index at any time point (interpolation). Spline representation improves the quality of economic dynamics modeling while saving the real values of the studied process at each time point. In this article, differentiation of spline models is used for analysis of the economic indexes growth rate. Correlations are detected and itemized by comparison of derivatives. The possibility of detecting "latent trends" is demonstrated by differentiation of spline models of the dynamics using the example of economic indexes of the oil and gas market of Russia. For example, in the first case, we consider spline models of the dynamics of export prices for oil and natural gas. Here, the correlation of the studied indexes is obvious and is detected by both calculation of the correlation ratio and visualization of the studied rows of dynamics with spline models. As an opposite example, we consider the dynamics of the volumes of oil and natural gas export. In this case, we gain the correlation ratio close to zero, which is to evidence absence of correlation. Modeling of the studied dynamics with cubic splines also does not detect any correlation between the dynamics of volumes of the oil and gas export. Our assumptions about "latent trends" are also confirmed by differentiation of spline models – the correlation between the change rate of the volumes of the oil and gas export is detected. Use of spline functions at economic dynamics modeling is determined with such positive properties of theirs as continuity, flexibility, differentiability, the property of minimal curve, etc.

LEGAL MECHANISMS FOR STIMULATING THE DEVELOPMENT OF THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY

2021 ◽  
Author(s):  
Viacheslav Olegovich Mosalygin ◽  
Keyword(s):  
Natural Gas ◽  
Russian Federation ◽  
Oil And Gas ◽  
Significant Part ◽  
Tax Revenues ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Russian Federation ◽  
The Government ◽  
Oil And Gas Sector

For more than 15 years, a significant part of the budget revenues of the Russian Federation have been tax revenues from the sale of hydrocarbons, in particular oil and natural gas. Despite the desire of our government to minimize its dependence on oil and gas revenues, the government continues to implement measures to encourage both small and large companies by providing some tax-related benefits, thereby encouraging the fields to further develop and expand.

scholarly journals Developmental and reproductive effects of chemicals associated with unconventional oil and natural gas operations

2014 ◽  
Vol 29 (4) ◽  
Author(s):  
Ellen Webb ◽  
Sheila Bushkin-Bedient ◽  
Amanda Cheng ◽  
Christopher D. Kassotis ◽  
Victoria Balise ◽  
...  
Keyword(s):  
Water Pollution ◽  
Reproductive Health ◽  
Natural Gas ◽  
Oil And Gas ◽  
Gas Production ◽  
Ethyl Benzene ◽  
Potential Health ◽  
Early Postnatal Development ◽  
Unconventional Oil ◽  
Oil And Natural Gas

AbstractUnconventional oil and gas (UOG) operations have the potential to increase air and water pollution in communities located near UOG operations. Every stage of UOG operation from well construction to extraction, operations, transportation, and distribution can lead to air and water contamination. Hundreds of chemicals are associated with the process of unconventional oil and natural gas production. In this work, we review the scientific literature providing evidence that adult and early life exposure to chemicals associated with UOG operations can result in adverse reproductive health and developmental effects in humans. Volatile organic compounds (VOCs) [including benzene, toluene, ethyl benzene, and xylene (BTEX) and formaldehyde] and heavy metals (including arsenic, cadmium and lead) are just a few of the known contributors to reduced air and water quality that pose a threat to human developmental and reproductive health. The developing fetus is particularly sensitive to environmental factors, which include air and water pollution. Research shows that there are critical windows of vulnerability during prenatal and early postnatal development, during which chemical exposures can cause potentially permanent damage to the growing embryo and fetus. Many of the air and water pollutants found near UOG operation sites are recognized as being developmental and reproductive toxicants; therefore there is a compelling need to increase our knowledge of the potential health consequences for adults, infants, and children from these chemicals through rapid and thorough health research investigation.

scholarly journals STATEOWNED ENTERPRISE AND PUBLIC SERVICE OBLIGATION IN THE SECTOR OF OIL AND GAS

2018 ◽  
Vol 29 (3) ◽  
pp. 515
Author(s):  
Muhammad Insa Ansari
Keyword(s):  
Natural Gas ◽  
Public Service ◽  
Oil And Gas ◽  
For Profit ◽  
Oil And Natural Gas ◽  
The Republic ◽  
The Government ◽  
Oil And Gas Sector ◽  
Energy Law ◽  
Public Service Obligation

AbstractThe 1945 Constitution of the Republic of Indonesia regulates natural recources in its particular article. Then, the Energy Law and the Oil and Gas Law regulate the state’s control of oil and natural gas. In the sectoral regulations of oil and gas, there is a public service obligation (PSO) which must be assumed by the Government and State Owned Enterprises (SOE). Meanwhile, in the SOE Law introduced entity Perum and Persero. Where in Perum entities carrying out public service, while the Persero entity to assume the role for profit. But in practice found a PSO on the oil and gas sector carried by state-run entities Persero. IntisariDalam Undang-Undang Dasar Negara Republik Indonesia 1945 diatur penguasaan negara terhadap sumber daya alam. Kemudian UU Enegi dan UU Minyak dan Gas Bumi mengatur penguasaan negara terhadap minyak dan gas bumi. Dalam pengaturan sektoral di bidang tersebut juga mengatur kewajiban pelayanan umum yang harus diemban oleh pemerintah dan BUMN. Sementara itu dalam UU BUMN diperkenalkan  entitas Perusahaan Umum (Perum) dan Perseroan Terbatas (Persero). Dimana entitas Perum mengemban peran pelayanan umum (public service), sementara entitas Persero mengemban peran mencari keuntungan (profit oriented). Namun dalam praktek ditemukan kewajiban pelayanan umum pada sektor minyak dan gas bumi diemban oleh BUMN dengan entitas Persero. 

scholarly journals An overview of the oil and natural gas revenue management in Tanzania. A mini review

2018 ◽  
Vol 3 (3) ◽  
pp. 59 ◽  
Author(s):  
Obadia Kyetuza Bishoge ◽  
Lingling Zhang ◽  
Witness Gerald Mushi ◽  
Shaldon Leparan Suntu
Keyword(s):  
Developing Countries ◽  
Natural Gas ◽  
Revenue Management ◽  
Oil And Gas ◽  
Oil And Gas Resources ◽  
Oil And Natural Gas ◽  
Rich Countries

Management of oil and gas resources or revenues from trans-boundary or disputes areas has always been an issue of controversy in most oil and gas resource-rich countries. Tanzania is among the developing countries which rise with rich in oil and gas resources. It requires more attention on how the revenues generated from these resources should be utilized sustainably. This paper, therefore, provides the current overview of the tools and institutions that offer the guidelines on oil and gas revenue management and distribution.

scholarly journals A multi-objective model for an integrated oil and natural gas supply chain under uncertainty

2021 ◽  
Author(s):  
Ahmed M. Ghaithan ◽  
Ahmed Attia ◽  
Salih O. Duffuaa
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Stochastic Programming ◽  
Oil And Gas ◽  
Petroleum Products ◽  
Programming Approach ◽  
Proposed Model ◽  
Stochastic Solution ◽  
Oil And Natural Gas ◽  
Gas Supply

The oil and gas networks are overlapped because of the inclusion of associated gas in crude oil. This necessitates the integration and planning of oil and gas supply chain together. In recent years, hydrocarbon market has experienced high fluctuation in demands and prices which leads to considerable economic disruptions. Therefore, planning of oil and gas supply chain, considering market uncertainty is a significant area of research. In this regard, this study develops a multi-objective stochastic optimization model for tactical planning of downstream segment of oil and natural gas supply chain under uncertainty of price and demand of petroleum products. The proposed model was formulated based on a two-stage stochastic programming approach with a finite number of realizations. The proposed model helps to assess various trade-offs among the selected goals and guides decision maker(s) to effectively manage oil and natural gas supply chain. The applicability and the utility of the proposed model has been demonstrated using the case of Saudi Arabia oil and gas supply chain. The model is solved using the improved augmented ε-constraint algorithm. The impact of uncertainty of price and demand of petroleum products on the obtained results was investigated. The Value of Stochastic Solution (VSS) for total cost, total revenue, and service level reached a maximum of 12.6 %, 0.4 %, and 6.2% of wait-and see solutions, respectively. Therefore, the Value of the Stochastic Solution proved the importance of using stochastic programming approach over deterministic approach. In addition, the obtained results indicate that uncertainty in demand has higher impact on the oil and gas supply chain performance than the price.

scholarly journals Current state of development of Kazakhstan’s oil and gas industry

2021 ◽  
Vol 1 (79) ◽  
pp. 70-75
Author(s):  
A. U. Muhammedov ◽  
◽  
A. В. Tasmaganbetov ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Industry ◽  
Current State ◽  
Oil And Natural Gas ◽  
Main Activity ◽  
Average Monthly Salary ◽  
Monthly Salary

The article describes the current state of the domestic oil and gas industry. The volume of crude oil and natural gas production in the oil and gas industry is analyzed. The analysis of the gross output of natural gas and oil production, including gas condensate by region, is given and carried out. The number of employees in the main activity is given. The average monthly salary of employees in the main activity of the industry is determined.

India-Israel defence ties will deepen

2017 ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Prime Minister ◽  
Strategic Partnership ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Oil And Natural Gas ◽  
Defence Cooperation ◽  
Offshore Oil And Gas ◽  
Offshore Oil

Subject Indian-Israeli cooperation in defence trade and manufacturing. Significance Indian Prime Minister Narendra Modi’s visit to Israel in July raised relations between the two countries to what was described in a joint statement as a "strategic partnership". Defence cooperation featured in talks between Modi and his Israeli counterpart Binyamin Netanyahu. Impacts India will struggle to meet its target of reducing imported defence products by 40% within the next ten years. India’s Oil and Natural Gas Corporation is likely to bid for Israeli offshore oil-and-gas exploration blocks. Closer relations between India and Iran may raise concerns in Israel.

Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India”

2016 ◽  
Vol 12 (3) ◽  
pp. 205-214
Author(s):  
Sumeet Gupta ◽  
Sharad Srivastava
Keyword(s):  
Public Sector ◽  
Natural Gas ◽  
Financial Performance ◽  
Oil And Gas ◽  
Financial Analysis ◽  
Operating Performance ◽  
Fiscal Deficit ◽  
Efficiency Ratio ◽  
Oil And Natural Gas ◽  
The Government

Disinvestment of minority share of PSU have become one of the important medium of raising revenue for the government. The government wanted to reduce its fiscal deficit by doing disinvestment of public sector enterprise. It is believed that operating performance and efficiency of Public sector enterprise gets improved after the post disinvestment period. There are many public sector enterprise whose financial performance got improved after the disinvestment.The prime focus of the study is to examine:Why there is a need for disinvestment of public sector enterprise      such as ONGC and IOCL.The impact of disinvestment on the financial and operating      performance on pre disinvestment as well as on post disinvestment period. In this study financial performance will be measured e.g.  Profitability ratio, efficiency ratio, liquidity ratio, & leverage and ratio for perspective investor. The financial performance will be used to access whether there is any impact of disinvestment on company’s performance of Oil and Natural Gas Corporation Ltd. & Indian Oil Corporation Ltd.  

Air quality concerns of unconventional oil and natural gas production

2014 ◽  
Vol 16 (5) ◽  
pp. 954-969 ◽  
Author(s):  
R. A. Field ◽  
J. Soltis ◽  
S. Murphy
Keyword(s):  
Air Quality ◽  
Natural Gas ◽  
Human Health ◽  
Oil And Gas ◽  
Gas Production ◽  
Oil And Gas Development ◽  
Natural Gas Production ◽  
Unconventional Oil ◽  
Oil And Natural Gas ◽  
Unconventional Oil And Gas

Air quality impacts from unconventional oil and gas development range from local to global scales impacting human health and climate.

Introduction to this special section: Exploration geophysics in China

2019 ◽  
Vol 38 (8) ◽  
pp. 596-596
Author(s):  
Yongyi Li ◽  
Xiaogui Miao ◽  
Shoudong Huo ◽  
Jianwei Ma ◽  
Danping Cao
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Special Section ◽  
Petroleum Industry ◽  
Gas Production ◽  
Oil Consumption ◽  
Oil And Gas Production ◽  
Oil And Natural Gas ◽  
Gas Consumption ◽  
Natural Gas Consumption

China ranks second and third in global oil and natural gas consumption, and fifth and sixth in global oil and natural gas production, respectively ( U.S. EIA, 2018 ). In the past 25 years, China's oil consumption has increased 3.5 times, and natural gas consumption is rising rapidly as well. China is increasing its investment in the petroleum industry, with a goal of significantly expanding domestic oil and gas production. Complex geology, rough surface conditions, and the need to explore deep targets, unconventional resources, and offshore reservoirs pose great challenges to geophysical exploration. Geophysical technologies in China thus have advanced significantly in data acquisition, processing, and interpretation. To demonstrate the development and applications of geophysical technologies in the exploration, development, and production of oil and gas resources, we invited academic and industry experts to present recent studies on exploration geophysics in China.

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