The Current Status of Collective Bargaining and Its Implications on Bottom-Line Performance in Nigeria Oil and Gas Industry

Abstract The API 20S Standard is designed to play a crucial role in leveraging Additive Manufacturing (AM) to foster innovation in the oil and gas industry. The paper, in association with the standard, will facilitate the understanding of how AM will enable equipment design improvements, faster prototyping, and better inventory management. By way of discussing the progress, challenges, and lessons learned from the standardization process, the paper aims to encourage a safer, broader, and faster adoption of AM technologies in the mainstream oil and gas applications. The paper will summarize the streamlining process, feedback from the API 20S task group, and current status of the standardization efforts. Additionally, upcoming challenges and the potential for the oil and gas industry industries to contribute to the standard will be summarized. The paper will also showcase a novel tiered approach (Additive Manufacturing Specification Levels) to allow the users of the document to match different levels of criticality.

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Triple bottom line analysis of oil and gas industry with multicriteria decision making

Journal of Cleaner Production ◽

10.1016/j.jclepro.2013.02.037 ◽

2013 ◽

Vol 52 ◽

pp. 289-300 ◽

Cited By ~ 30

Author(s):

Carlos Eduardo Durange de C. Infante ◽

Fabricio Molica de Mendonça ◽

Paula Michele Purcidonio ◽

Rogerio Valle

Keyword(s):

Decision Making ◽

Oil And Gas ◽

Triple Bottom Line ◽

Multicriteria Decision Making ◽

Oil And Gas Industry ◽

Bottom Line ◽

Gas Industry ◽

Multicriteria Decision ◽

Line Analysis

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Issues Impacting Sustainability in the Oil and Gas Industry

Journal of Management and Sustainability ◽

10.5539/jms.v5n4p115 ◽

2015 ◽

Vol 5 (4) ◽

pp. 115

Author(s):

Mohamad Danish Anis ◽

Tauseef Zia Siddiqui

Keyword(s):

Sustainable Development ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Economic Feasibility ◽

Growth Potential ◽

Rational Approach ◽

Development Economic ◽

Bottom Line ◽

Gas Industry ◽

Key Issues

This research paper explores the concept of sustainability and the role played by O&G industry in achieving sustainable development. The authors bring a rational approach in defining the key issues for the O&G sector that affect sustainability as well as try to devise the inherent risks as well as mitigation approaches adopted by these companies. Sustainability is a topic gaining fast repute today. As new conventional oil and gas sources decline, unconventional sources, including shale gas in the US, oil sands in Canada, coal seam gas in Australia, and deep-water offshore wells in Brazil, West Africa and Asia have been identified as key areas with significant reserves potential. Despite the growth potential, sustainability risks such as climate change, safety risks, and community disagreements exert pressure on the economic feasibility of these opportunities.The three components of sustainable development: economic, environmental and social, often referred to as the ‘Triple Bottom Line’ or TBL, can be used in evaluating a company’s performance in financial, environmental and social dimensions. These three dimensions of sustainable development, as explained by John Elkington and adopted by Shell’s first sustainability report in 1997, are also commonly referred to as the 3Ps: People, Planet and Profit.The paper also focuses on analyzing the various threats that could obstruct sustainable development being carried out by companies in the oil and gas industry. The importance of sustainable economic growth with regards to the oil and gas industry has also been highlighted. The 3Ps explained above can be used to categorize the key issues/risks that impact sustainability. The researchers concluded that the sustainability programs followed by oil and gas industry are not satisfactory; however there is strong evidence of improvement in near future. Towards the end, the researchers have tried to list the Strategies and Methodologies for enhancing the effectiveness of sustainability strategies and programs for the sector.

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Reservoir geophysics

Geophysics ◽

10.1190/1.1444903 ◽

2001 ◽

Vol 66 (1) ◽

pp. 25-30 ◽

Cited By ~ 24

Author(s):

Wayne D. Pennington

Keyword(s):

Cost Efficiency ◽

Driving Force ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Petroleum Reservoir ◽

Bottom Line ◽

Gas Industry ◽

The Past ◽

Geophysical Surveys

The concept of petroleum reservoir geophysics is relatively new. In the past, the role of geophysics was largely confined to exploration and, to a lesser degree, the development of discoveries. As cost‐efficiency has taken over as a driving force in the economics of the oil and gas industry and as major assets near abandonment, geophysics has increasingly been recognized as a tool for improving the bottom line closer to the wellhead. The reliability of geophysical surveys, particularly seismic, has greatly reduced the risk associated with drilling wells in existing fields, and the ability to add geophysical constraints to statistical models has provided a mechanism for directly delivering geophysical results to the reservoir engineer.

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Industrial Trent Development and Application

ASME 1996 Turbo Asia Conference ◽

10.1115/96-ta-042 ◽

1996 ◽

Author(s):

J. A. Roberts

Keyword(s):

Power Generation ◽

Gas Turbine ◽

High Speed ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Current Status ◽

Combustion System ◽

Gas Industry ◽

Aero Engine ◽

Engine Testing

The industrial Trent is the largest aeroderivative gas turbine available, at 50+ MW, and the most efficient gas turbine available to industrial and marine operators, at 42%. Its Dry Low Emissions combustion system embodies the features of the similar combustor on the industrial RB211, which is enjoying very successful service experience. Its design features and derivation from the aero engine are reviewed, together with an assessment of the maintenance aspects of the engine. The current status of the engine validation programme is discussed, covering both component rig testing and progress on the full engine testing being carried out in Montreal, Canada. The applications of the industrial Trent are considered by reviewing the major markets and examining its suitability, both technically and economically, for several existing and emerging sectors. Launched as a power generation machine, the industrial Trent is shown to be well suited to those sectors which have resulted from the growing deregulation of this industry worldwide. In addition it is shown to be attractive for certain applications in the oil and gas industry and, in the marine market, for some large high speed vessel concepts.

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THE INCOMING REGIONAL RESPONSE REGIME IN ASEAN

International Oil Spill Conference Proceedings ◽

10.7901/2169-3358-2017.1.837 ◽

2017 ◽

Vol 2017 (1) ◽

pp. 837-849

Author(s):

Joselito Guevarra

Keyword(s):

Oil Spill ◽

Oil And Gas ◽

Social Issues ◽

Action Plan ◽

Oil And Gas Industry ◽

Southeast Asian ◽

Current Status ◽

Member States ◽

Gas Industry ◽

Regional Plan

ABSTRACT After more than 20 years of work, the Southeast Asian region is poised to finalize a landmark Regional Oil Spill Contingency Plan (ROSCP), which will form a solid foundation for a new regional response regime. The development of a Regional Plan is a commitment made by the ten member states of ASEAN (Association of Southeast Asian Nations) and is currently undergoing internal approval by the ASEAN Maritime Transport Working Group (MTWG) prior to implementation. The ASEAN member states committed to supporting the Regional Plan when the Transport Ministers of each member country signed the Memorandum of Understanding (MoU) on the ASEAN Cooperation Mechanism for Joint Oil Spill Preparedness and Response on November 28, 2014. This MoU is the renewed and revitalized ASEAN Oil Spill Response Action Plan (OSRAP) that was signed in 1994 but was never implemented. The MoU is based on the principles of the International Convention on Oil Pollution Preparedness, Response and Cooperation (OPRC 1990), specifically Articles 5, 6, 7 and 10. The aim of this paper is to document the historical evolution of the Regional Plan, starting from the early days of ASEAN until 2015 where it was developed by the ten member states. More importantly, this paper will highlight the current status of oil spill preparedness and response regimes in the region and how these will likely integrate into the Regional Plan when it is finally adopted. This will offer a unique perspective on the dynamics of intergovernmental agreements and on the important role of the oil and gas industry in helping governments achieve their goals of preparedness and response through capacity building and other activities, including through the partnership between the International Maritime Organization (IMO) and the Global Oil and Gas Industry Association for Environmental and Social Issues (IPIECA) which manages the Global Initiative for Southeast Asia (GISEA) Programme.

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Global Dispersant Approvals in Asia Pacific – Current Status and On Going Challenges

International Oil Spill Conference Proceedings ◽

10.7901/2169-3358-2017.1.657 ◽

2017 ◽

Vol 2017 (1) ◽

pp. 657-677

Author(s):

Thomas Coolbaugh ◽

Geeva Varghese ◽

Lau Siau Li

Keyword(s):

Large Scale ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Lessons Learned ◽

Asia Pacific ◽

Current Status ◽

Gas Industry ◽

Dispersed Oil ◽

Regulatory Perspective ◽

Oil Spill Response

ABSTRACT Following the Macondo Incident, the international oil and gas industry spent significant time and effort analyzing lessons learned and implementing key projects to ensure that critical response and preparedness issues that were identified are addressed to improve response capabilities. The Global Dispersant Stockpile (GDS) was established as part of a post-Macondo Joint Industry Project through Oil Spill Response Limited (OSRL), recognizing that delivery of sufficient quantities of dispersant is a key element for a successful dispersant operation, especially during the initial phases of a large scale response to an event such as a subsea well blowout. Taking into account the global approval status and proven effectiveness on a range of crude oils, three key oil dispersants, Finasol® OSR 52 (Total), Corexit® EC9500A (Nalco) and Slickgone® NS (Dasic) were selected for the Global Dispersant Stockpile. A total of 5,000 m3 of these dispersants are now stored and ready to be deployed from five strategically positioned global locations. For example, sizable volumes of two of these products (total volume = 700 m3) are located at OSRL’s response base in Singapore, which can be quickly mobilized to support a response in the Asia Pacific region. An ongoing effort associated with the management of the GDS is to enable the pre-approval of at least one of the three products for countries in the region where spill response may be required. At present, this is not the case in the region for a variety of reasons, e.g., toxicity concerns and biodegradation processes of dispersed oil. A particularly cautious approach by regulatory authorities following the Macondo incident, coupled with a number of other specific regional concerns, has exacerbated the issue of obtaining and maintaining dispersant approvals in the region. The aim of this paper is to identify and discuss the existing regulatory framework governing the dispersant product approval process and dispersant use authorization for countries in Asia Pacific. The paper will detail the present status of regulations related to dispersant use for a number of countries in the region, the potential challenges associated with achieving permissions in countries with no regulations and a discussion of strategies to address identified obstacles. Additionally the activities that are being undertaken to expand regulatory approvals will also be addressed. It is anticipated that a greater understanding of the reasoning behind the GDS will facilitate a positive regulatory perspective and the potential for dispersant pre-approval in the region.

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Supply-Chain Management Issues In The Oil And Gas Industry

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v5i6.2552 ◽

2011 ◽

Vol 5 (6) ◽

Cited By ~ 10

Author(s):

Christopher M. Chima

Keyword(s):

Supply Chain ◽

Supply Chain Management ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Bottom Line ◽

Gas Industry ◽

Chain Management ◽

Materials Handling ◽

Supply Chain Logistics ◽

Management Issues

The oil and gas industry is involved in a global supply-chain that includes domestic and international transportation, ordering and inventory visibility and control, materials handling, import/export facilitation and information technology. Thus, the industry offers a classic model for implementing supply-chain management techniques. In a supply-chain, a company is linked to its upstream suppliers and downstream distributors as materials, information, and capital flow through the supply-chain. The purpose of this paper is to investigate the role of supply-chain management in the oil and gas industry. This paper also discusses the application of the Uniform Commercial Code (UCC) to supply-chain management issues. Then, several strategies are examined for improving supply-chains in the oil and gas industry. Finally, two case studies are introduced to show how improving supply-chain logistics in the oil and gas industry can improve efficiency and the bottom line.

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Contractual Systems in the Oil and Gas Sector: Current Status and Development

Energies ◽

10.3390/en14175497 ◽

2021 ◽

Vol 14 (17) ◽

pp. 5497

Author(s):

Fatima Dirani ◽

Tatiana Ponomarenko

Keyword(s):

Oil And Gas ◽

Oil And Gas Industry ◽

Current Status ◽

Gas Industry ◽

Advantages And Disadvantages ◽

Natural Resource Extraction ◽

Production Sharing ◽

Contractual Agreements ◽

Key Aspects ◽

Oil And Gas Sector

Production activities in the oil and gas industry are capital-intensive and associated with high technology, with these assets not always being available to oil-producing countries or national companies. Any form of interaction between the parties involved in natural resource extraction requires clear regulation regarding contractual relationships. This study attempts to analyze Indonesia’s production sharing contract system in order to assess its applicability to other conditions. The article covers the key aspects of contract theory, provides a classification of contractual systems in the oil and gas sector, and discusses the most common types of contractual agreements. It also considers the key principles of production sharing contracts (PSCs), analyzes the development of PSC practices in Indonesia over the past sixty years, and highlights PSC advantages and disadvantages.

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