Cross-sectional benchmarking of social and environmental reporting practice in the australian oil and gas industry

This study examined the link between collaborative management and organizational resilience in the oil and gas industry in Rivers State. The quasi-experimental and cross-sectional research designs were adopted. The population is made of 72 managers, supervisors, and HODs of oil and gas firms in Rivers State. The census technique was used for the sampling since the population is relatively small. The Spearman's Rank Order Correlation Coefficient (Rho) was used for the analysis with the aid of SPSS. It was concluded that a sound leadership climate can change the direction of any organization towards achieving its stated goals. This means a good leadership climate could induce high-level firm alliance. Organizational leadership climate is a composition variable that can be brought to bear in proffering varying solutions to the underlying issues in any organization. The outcome of this study resulted in the following recommendations: Collaborative management encourages positive bahaviours towards robustness. Hence, management ought to take decisional actions to increase awareness and improve productivity towards developing timely diverse solutions in handling organizational challenges. Collaborative management improves top-level decision-making to enhance resourcefulness. Therefore, management should encourage employees to make personal decisions about the disturbances and complex problems they face in their job towards preserving their position in the industry. Organizational leadership should build a climate designed to encourage robustness and resourcefulness as that will induce the needed growth towards its desired heights to foster resilience.

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Angulating Social and Environmental Reporting to Firms’ Advantage: A Resource Based View Approach from Ethiopian Companies’ Perspective

Journal of Economics Management and Trade ◽

10.9734/jemt/2019/v25i130188 ◽

2019 ◽

pp. 1-11

Author(s):

Sitina Akmel Surur ◽

Kirubel Asegdew Yimenu ◽

Kasu Birbirsa Baje

Keyword(s):

Interaction Effect ◽

Positive Impact ◽

Least Square ◽

Regression Result ◽

Environmental Reporting ◽

Cross Sectional ◽

Resource Based View ◽

Reporting Practice ◽

Negative Effect ◽

Social And Environmental Reporting

Aims: To evaluate the strategic role of social and environmental reporting in Ethiopian large tax payer companies based on the resource-based view of the firm. Study Design: The study employed explanatory research design. Place and Duration of Study: Large tax payer companies for the year 2018, Ethiopia. Methodology: The study used annual audited financial reports of 262 companies and structured questionnaire which were distributed to three individuals per each sampled company. Interaction effect model was developed for which ordinary least square (OLS) regression with robust standard errors on a cross-sectional analysis were used to test the hypotheses. Results: The regression result showed that social & environmental reporting and the interaction effect of social & environmental reporting with companies’ environmental sensitivity had significant positive impact on reputability of companies. Conclusion: The study concluded that through social and environmental reporting, companies can develop valuable resource which in turn increase their reputability. Hence, environmental sensitive companies have more operational negative effect to society and environment, they are considered as dangerous by the society. Heretofore, these companies can strategically shift this perception to companies’ advantage through social and environmental reporting. Originality/Value: In the availability of limited studies which explore social and environmental reporting practice within developing country perspective, this study shed some light about the Ethiopian companies reporting practice. Furthermore, the results of this study were an indication for companies’ managers to strategically use social and environmental reporting, which in turn increase their reputability and prevent them from being perceived as dangerous by the society.

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IDENTIFIKASI DAN ANALISIS IMPLEMENTASI SIKA DI PT. PERTAMINA EP PRABUMULIH

The Indonesian Journal of Occupational Safety and Health ◽

10.20473/ijosh.v6i2.2017.146-155 ◽

2018 ◽

Vol 6 (2) ◽

pp. 146

Author(s):

Nareshwari Nareshwari ◽

Indriati Paskarini

Keyword(s):

Oil And Gas ◽

Fire Hazard ◽

Oil And Gas Industry ◽

Primary Data ◽

Potential Hazard ◽

Confined Space ◽

Cross Sectional ◽

Gas Industry ◽

Work Permit ◽

Gas Poisoning

Oil and gas industry have high hazard potential. Some of major hazard in the oil and gas industry are fire hazard, gas explosion, and gas poisoning. PT Pertamina EP Asset 2 Prabumulih Field have Safe Work Permit System (SIKA) to prevent potential hazard in workplace. This research aims to study the SIKA procedure and its implementation in PT Pertamina EP Asset 2 Prabumulih Field. This research is a qualitative study and conducted with cross sectional approach. Data used in the research are primary data and secondary data. The result obtained from this research is PT Pertamina EP Asset 2 Prabumulih Field have multiple type of SIKA such as SIKA for hot operation, cold operation, digging, and confined space. SIKA form contained about the job description, location, amount of workers,inherent dangers, job requrements such as Job Safety Analysis, personal protective equipment, fire extinguishers, ventilation, etc) and parties that responsible in the SIKA implementation. Implementation that have been observed compared and analyzed with current regulation applied in PT. Pertamina EP Asset 2. Based on the result, implementation of SIKA has gone well. SIKA have not well distributed across the field. Advice that can be given is the SIKA Document distributed in accordance with the relevant parties.Keywords : work permit,analysis, implementation

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Disclosure Regulation and Competitive Interactions: Evidence from the Oil and Gas Industry

The Accounting Review ◽

10.2308/tar-2018-0436 ◽

2020 ◽

Author(s):

Gaizka Ormazabal ◽

Marc Badia ◽

Miguel Duro ◽

Bjorn N. Jorgensen

Keyword(s):

Oil And Gas ◽

Oil And Gas Industry ◽

Competitive Interactions ◽

Cross Sectional ◽

Disclosure Regulation ◽

Gas Industry ◽

Public Firms ◽

Proprietary Costs ◽

Exogenous Shocks ◽

Trade Offs

We study the effects of mandatory disclosure on competitive interactions in the setting of oil & gas (O&G) reserve disclosures by North American public firms. We document that reserve disclosures inform competitors: when one firm announces larger increases in O&G reserves, competitors experience lower announcement returns and higher real investments. To sharpen identification, we analyze several sources of cross-sectional variation in these patterns, the degree of competition and the sign and the source of reserves changes. We also exploit two plausibly exogenous shocks: the tightening of the O&G reserve disclosure rules and the introduction of fracking technology. Additional tests more directly focused on the presence of proprietary costs confirm that the mandated reserve disclosures result in a relative loss of competitive edge for announcing firms. Our collective evidence highlights important trade-offs in the market-wide effects of disclosure regulation.

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PUBLIC ENVIRONMENTAL REPORTING FOR THE OIL AND GAS INDUSTRY

The APPEA Journal ◽

10.1071/aj98041 ◽

1999 ◽

Vol 39 (1) ◽

pp. 622

Author(s):

R.A.D. Wright

Keyword(s):

Oil And Gas ◽

Oil And Gas Industry ◽

Environmental Reporting ◽

Gas Industry ◽

Oil And Gas Exploration ◽

The Public ◽

High Profile ◽

Exploration And Production ◽

Royal Dutch Shell ◽

Oil And Gas Companies

Acceptance by governments and the public is crucially important for high profile oil and gas exploration and production companies. Many people are pre-disposed against such companies because the environmental and social impacts of their activities are perceived to outweigh the benefits. Leading multi-nationals such as the Royal Dutch/Shell Group have seen the benefits of a recent concerted effort to engage their stakeholders. Shell and other multi-nationals are using public environmental reporting as a means of better communicating their performance. Public environmental reporting has been slow to be adopted in Australia but there may be advantages for oil and gas companies in Australia to be seen to be leaders in this field rather than laggards, particularly with the advent of compulsory public reporting as required by the National Pollutant Inventory.

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Pipeline Compressors Dry Gas Seal Retrofits

Volume 9: Oil and Gas Applications; Supercritical CO2 Power Cycles; Wind Energy ◽

10.1115/gt2019-91865 ◽

2019 ◽

Author(s):

Inderpal Sihra ◽

Ian Goldswain ◽

Christina Twist ◽

Jorge Pacheco

Keyword(s):

Cross Section ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Methane Emissions ◽

Cross Sectional ◽

Gas Industry ◽

Dry Gas Seal ◽

Seal Design ◽

Gas Seals ◽

Performance Envelope

Abstract Methane emissions are classed as one of the most important contributors to climate change. This greenhouse gas has a global warming potential 21 times that of Carbon Dioxide. In the Oil and Gas industry, pipeline compressor emissions have been identified as an important source of methane released into the atmosphere. Wet seals (oil seals) technology will not meet new targets being set for methane emissions. John Crane has therefore developed a new dry gas seal design with a significantly narrower cross section to allow historically high value compressor assets to continue to function without the need for extensive redesign or replacement. This dry gas seal has been specifically engineered to replace wet seals within older centrifugal pipeline compressors. The main reasons associated with conversion from wet seals to dry gas seals include: moving to non-contacting technology which reduces seal wear issues, reduced operating costs from removal of oil seal supporting systems including degassing equipment, lower energy consumption due to the shear losses associated with oil seals, reduced maintenance costs by having a simpler supporting system and less frequent routine maintenance, and reduced emissions. Wet seals are typically compact in nature and are therefore very flexible in how they can be installed into a compressor. Traditional dry gas seals occupy a larger cross-sectional footprint and therefore it was necessary to develop a brand new gas seal that can retrofit into the same cavity without the need for expensive and prohibitive machining of the compressor shaft or housing. The resulting gas seal design is significantly compact when compared to a standard gas seal, yet provides sealing at maximum pipeline compressor duties of up to 120barg and 100m/s. In order to create a compact seal, John Crane has significantly reduced the cross section of the rotating (mating) and stationary (primary) sealing faces. This change brings about an increased level of complexity associated with dry gas seal design. In-house FEA and CFD simulations have been used to optimize the seal design and groove patterns. Results documenting the extensive design and simulation activities will be presented to demonstrate effective separation of the sealing faces throughout the entire seal performance envelope. A number of tests were specifically designed to thoroughly validate the seal design by simulating compressor field conditions. The product has undergone a series of testing through its entire performance envelope for pressure, speed and temperature. Specific accelerated tests were also designed to replicate the seal lifetime. The paper will describe the test setup and present the validation results.

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