scholarly journals Finding a Balance between Mood and Energy Level in a Rotational Work System

2021 ◽  
pp. 113-120
Author(s):  
Uloaku Okeke ◽  
Eucharia Oluchi Nwaichi ◽  
Princewill Chukwuemeka Stanley
Keyword(s):  
Energy Level ◽  
Social Isolation ◽  
Oil And Gas ◽  
Percentage Frequency ◽  
Work System ◽  
Port Harcourt ◽  
Mental Wellness ◽  
Strongly Agree ◽  
Oil And Gas Companies ◽  
The Impact

The impact of rotational work system on the mood and energy level among Oil and Gas workers was evaluated. The design was set in Port Harcourt metropolis Nigeria and questionnaire, cohort session and interviews were the instruments deployed. Questionnaires were administered to randomly selected workers from international Oil and Gas Companies located in Port Harcourt, Questions that bothered on the effect of rotational work on the mood and energy level of Oil and Gas workers were posed. It was observed that 38.8% and 41.2% agree and strongly agree that their mood is affected on site while 13.8% remained neutral. Interestingly, over 80% of Oil and Gas workers agreed to feeling of anxiety from the interview and cohort sessions. 40% and 43.8% of workers agree and strongly agree respectively that rotational work does affect their energy on site. Obtained median of 4 means that over 50% of the response belongs to the category that agree strongly agree while a mode of 5 has more responses in the category of strongly agree which is in agreement with results from the percentage frequency. Rotational workers were affected by absence from family and loved ones, social isolation and constant reminder of hazard and working in hazardous environment with work pressures and unrealistic deadlines. These cause depression and general dissatisfaction with life. Results from interviews revealed neglect of mental wellness of workers. The Oil and Gas workers are willing to face these hazards because of the economic gains arising from their work, however provision of recreational amenities and making policies that bring the Oil and Gas workers back home every seven days forbidding the schedule of trainings and workshops during time off duty will make rotational work more bearable.

scholarly journals Rotational Work and Negative Impact on Mental Wellness: A Study on Sleep and Endurance among Oil and Gas Workers

2021 ◽  
pp. 41-48
Author(s):  
Uloaku Okeke ◽  
Eucharia Oluchi Nwaichi ◽  
Princewill Chukwuemeka Stanley
Keyword(s):  
Public Discourse ◽  
Work Performance ◽  
Oil And Gas ◽  
Rotation Period ◽  
Oil And Gas Industry ◽  
Well Being ◽  
Gas Industry ◽  
Port Harcourt ◽  
Mental Wellness ◽  
The Impact

The impact of mental wellness on the work performance and wellbeing of workers has generated much academic and corporate debates. Most recently, due to some high-profile cases involving the performance and wellness of sports people, conversations around the impact of mental wellness on work performance have dominated public discourse, yet the nature and degree of this impact has not been sufficiently studied and analysed and many questions remain unanswered. Indeed, there has been a growing awareness of the centrality of the role of mental wellness in the productivity of workers, especially in the Oil and Gas industry. Thus, this research sought to investigate how rotational work, its impact on sleep and endurance, affect workers in the Oil and Gas industry, using as methodology a simple random sampling of workers from the Port Harcourt metropolis, in the oil-rich delta area of Nigeria. To obtain data, this research used questionnaires, telephone interviews and cohort discussion session. Questions posed during this research focused on sleep and its perceived effect on endurance. The questionnaires were administered to the workers from selected international Oil and Gas companies located in Port Harcourt. Findings revealed that both sleep and the circadian cycle were negatively affected and impacting the self-reported well-being and productivity of the workers. From the data collected, 27.5% and 66.2%, which represented a total of 93.7% of the respondents, agreed and strongly agreed that their sleep was affected. 100% of the participants in the cohort session agreed that their sleep was affected. Furthermore, the interview sessions revealed specific details as more than 50% of the interview respondents indicated that the sleep distortion affected them even up to the first week of their time off. 48.8% and 37.5% agreed and strongly agreed to the fact that rotational work had effect on their endurance on site. This represented a total of 86.2% of the participants whose endurance level was affected due to rotational work. Over 60% of the participants in the cohort session admitted to feeling of extreme tiredness towards the end of their rotation period and prior to departure from site. The participants unanimously submitted that shorter rotation would give room for adequate recuperation and make work more productive and enhance the sense of mental wellness for rotational Oil and Gas workers.

Effective service delivery through quality management system (QMS) in oil and gas servicing companies, a case study of selected firms, Port Harcourt

2019 ◽  
Author(s):  
Chem Int
Keyword(s):  
Quality Management ◽  
Service Delivery ◽  
Management System ◽  
Oil And Gas ◽  
Quality Management System ◽  
Local Content ◽  
Port Harcourt ◽  
Test Of Hypotheses ◽  
The Impact ◽  
Effective Service

This study investigated the impact of Quality Management System (QMS) on effective service delivery in Oil and Gas Servicing Companies in selected firms in Port Harcourt, Nigeria. The opinion of 50 respondents were sampled using questionnaires, interviews as well as observation from journals and texts used in this work to examine the Quality Management System (QMS) of the selected firms. Using simple percentages and the Chi-square (X2) test of hypotheses, it was hypothetically established that the implementation of QMS practices, has impacted the work process, procedure and improvement on quality over the years in the Oil and Gas Servicing companies in Port Harcourt Nigeria. The research identified an adopted use of Failure Mode and Effect Analysis (FMEA) tool as a continual quality improvement initiative developed in the local content oil and gas servicing operation for equipment handling, management and to drive sustained improved performance quality processes as a key driver of a progressive that will place local content companies as an options for producing companies and at par with multinational oil and gas companies.

Modeling to support physicochemical enhancement techniques

2021 ◽  
pp. 79-90
Author(s):  
Т. A. Pospelova
Keyword(s):  
Enhanced Oil Recovery ◽  
Oil Recovery ◽  
Oil And Gas ◽  
Chemical Modeling ◽  
Comparative Structure ◽  
Water Cut ◽  
Physical And Chemical ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Selection Of

The article discusses ways to increase the oil recovery factor in already developed fields, special attention is paid to the methods of enhanced oil recovery. The comparative structure of oil production in Russia in the medium term is given. The experience of oil and gas companies in the application of enhanced oil recovery in the fields is analyzed and the dynamics of the growth in the use of various enhanced oil recovery in Russia is estimated. With an increase in the number of operations in the fields, the requirements for the selection of candidates inevitably increase, therefore, the work focuses on hydrodynamic modeling of physical and chemical modeling, highlights the features and disadvantages of existing simulators. The main dependences for adequate modeling during polymer flooding are given. The calculation with different concentration of polymer solution is presented, which significantly affects the water cut and further reduction of operating costs for the preparation of the produced fluid. The possibility of creating a specialized hydrodynamic simulator for low-volume chemical enhanced oil recovery is considered, since mainly simulators are applicable for chemical waterflooding and the impact is on the formation as a whole.

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.

Creating the circular advantage for the oil and gas industry

2016 ◽  
Vol 56 (2) ◽  
pp. 585
Author(s):  
Christopher Coldrick ◽  
Rowan Fenn ◽  
David Sahota
Keyword(s):  
Oil And Gas ◽  
Service Providers ◽  
Real Life ◽  
Oil And Gas Industry ◽  
Repair Process ◽  
Materials Management ◽  
Gas Industry ◽  
Management Processes ◽  
Oil And Gas Companies ◽  
The Impact

Maintenance, repair and operating (MRO) materials typically represent 15–20% of the operating costs for a mature oil and gas asset. Of this, a substantial proportion is comprised of high-value repairable equipment such as motors, compressors and pumps. This equipment is often at bottlenecks in the production process and so the impact of materials cost on profitability is magnified by the production ramifications of an outage. Effective management of this equipment is key to the sustainable, profitable operation of any oil and gas asset, and is key to improving the competitiveness of the Australian industry. Oil and gas companies are adopting a variety of models to handle the repair process, with varying degrees of success. Challenges include: poor materials availability and lack of traceability; complex infield materials management processes resulting in costly wastages; difficulty in managing consistency, suitability and specifications of repairs; high cost for those undertaking the repairs; and, correct allocation of responsibility and risk in the materials management process. Developed in collaboration with Australian oil and gas operators, with input from case studies outside the oil and gas industry, this extended abstract discusses the roles and opportunities for the circular economy in helping companies to meet their sustainability and profitability targets. Using several real-life examples, it makes recommendations for vendors, service providers and operators that can have material impact on the profitability of the industry.

The Effect of Earnings Management on Dividend Policy in Pakistan

2017 ◽  
Vol 9 (1-3) ◽  
Author(s):  
Faiza Saleem ◽  
Mohd Norfian Alifiah
Keyword(s):  
Earnings Management ◽  
Dividend Policy ◽  
Oil And Gas ◽  
Stock Exchange ◽  
Annual Data ◽  
Cross Sectional ◽  
Return On Equity ◽  
Dividend Payments ◽  
Oil And Gas Companies ◽  
The Impact

The aim of this study was to find out the impact of earnings management on dividend policy of oil and gas companies listed at the Karachi stock exchange. The study uses annual data of oil and gas companies for the period from 2008 to 2015. The dependent and independent variables are dividend policy and earnings management and the three control variables are leverage, return on equity and firm size. Modified cross sectional Jones model (1995) was used for calculating discretionary accruals which has been used as proxy for earnings management whereas measurement of dividend policy has been proxy by dividend payout. The findings from regression analysis indicate that earnings management has insignificant relationship with dividend policy of selected firms in Pakistan. Financial crisis in the world and economic decline period are the main reasons of this relationship. In the decline period the firms try to increase manipulation in earnings as a result the company starts reducing dividend payments. It is concluded that there are some other factors that may influence the pattern of dividend payment in the firms.

scholarly journals Audit Firm Type and Sustainability Performance: A Study of Quoted Oil and Gas Marketing Companies in Nigeria

2021 ◽  
Vol 1 (1) ◽  
pp. 55-68
Author(s):  
Aminu Abdullahi ◽  
Oladele Jami’u Olanrewaju ◽  
Moshud Nurudeen Mohammed
Keyword(s):  
Health Care ◽  
Oil And Gas ◽  
Stock Exchange ◽  
Annual Reports ◽  
P Value ◽  
Audit Firm ◽  
Sustainability Performance ◽  
Firm Type ◽  
Oil And Gas Companies ◽  
The Impact

The study specifically examines the impact of audit firm types on sustainability performance effort (health care, employment and education) of quoted oil and gas marketing company in Nigeria. The population of the study consists of all the 13 oil and gas marketing companies quoted on the Nigeria Stock Exchange as at end of the year 2020. Secondary data was sourced from the annual reports and accounts of the sampled companies for the period of  5 years (2016-2020). The dependent variables for the study were Sustainability Performance effort proxied by expenditure on education, employment and health care by the oil and gas companies, while the independent variable was audit firm type. A panel regression model was employed for the analysis as the data cuts across different firms over periods. The results revealed that there is no significant relationship between audit firm type and sustainability performance. This is evident from the p-value of 0.554 which is related to audit firm type and health care. Also, the result of the audit firm and education revealed a p-value of 0.422 and that of audit firm type and employment 0.364. This result provided a basis for rejecting all the hypotheses. The study therefore, recommends that the oil and gas companies should continue to undertake their responsibility in the sustainability performance without any reference to whether they are being audited by any type of audit firm

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