Managing integrity of operating FPSOs

2017 ◽  
Vol 57 (2) ◽  
pp. 589
Author(s):  
Astrid Barros
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Price ◽  
Significant Drop ◽  
Global Response ◽  
Gas Industry ◽  
Floating Structures ◽  
Business As Usual ◽  
The Way

The last few years have been challenging ones for the oil and gas industry with a significant drop in oil price. At the same time ageing facilities and a more dynamic market have been driving the need for becoming more efficient in the way we do our business, i.e. business as usual is not enough anymore. It is not only about individual efforts, the global response to the need for becoming more efficient has driven an increase in collaborative initiatives among the industry which we will all benefit from. A few of these initiatives have significantly improved the way we manage offshore floating structures engineering at Woodside.

scholarly journals Do Oil and Gas Risk Factors Matter in the Malaysian Oil and Gas Industry? A Fama-MacBeth Two Stage Panel Regression Approach

Energies ◽  
2020 ◽  
Vol 13 (5) ◽  
pp. 1154 ◽  
Author(s):  
Mohmmad Enamul Hoque ◽  
Soo Wah Low ◽  
Mohd Azlan Shah Zaidi
Keyword(s):  
Risk Factors ◽  
Exchange Rate ◽  
Risk Premium ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Price ◽  
Panel Regression ◽  
Gas Industry ◽  
Systematic Risk Factors ◽  
Gas Price

This study examines whether oil and gas risk factors are priced in the returns of Malaysian oil and gas stocks employing asset pricing model with improved version of Fama-MacBeth two-stage panel regression. The findings reveal that oil price risk, gas price risk, and exchange rate risk are priced factors in the returns of oil and gas stocks, alongside market-based risk factors. Oil price, gas price and exchange rate factors are found to be associated with positive risk premium implying that they are systematic risk factors in the Malaysian oil and gas industry. Investors demand compensation for exposure to changes in oil price, gas price and exchange rate, implying that the risk cannot be eliminated through diversification. The risk premium for common systematic risk factors such as market, book-to-market, and momentum factors are found to be negative. The results suggest that in the Malaysian oil and gas industry, momentum driven strategy produces negative returns and investors receive higher returns from investing in growth oriented oil and gas stocks. Our results offer implications for asset pricing and portfolio management.

Navigating the Oil and Gas Industry: Soft Skills Needed Along the Way

The Way Ahead ◽  
2015 ◽  
Vol 11 (01) ◽  
pp. 15-17
Author(s):  
Islin Munisteri ◽  
Rita Okoroafor ◽  
Asif Zafar ◽  
David Sturgess ◽  
Amanpreet Gill
Keyword(s):  
Oil And Gas ◽  
Soft Skills ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
The Way

scholarly journals Analyzing the Impact of Covid-19 on the Oil and Gas Industry: A Case Study of Petronas

2021 ◽  
Vol 4 (2) ◽  
pp. 26-33
Author(s):  
Daisy Mui Hung Kee ◽  
Nur Amira Liyana ◽  
Zhang LuXin ◽  
Nur Atikah ◽  
Ninie Alwanis ◽  
...  
Keyword(s):  
Questionnaire Survey ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Price ◽  
Sharp Drop ◽  
Gas Industry ◽  
The World ◽  
The Impact

As a result of the Covid-19 epidemic, every industry in the world has been greatly affected. We took Malaysia's Petronas as an example to analyze how oil and gas industries were impacted by such a difficult international situation. This paper investigated how Covid-19 affected Petronas and how it responded to the sharp drop in oil price. In a questionnaire survey, we listed the problems that Petronas may face in this outbreak.

scholarly journals The Moderating Effect of OPEC and Non-OPEC on the Relationship Between Oil Price Volatility and Accrual Earnings Management in the Oil and Gas Industry

2020 ◽  
Vol 6 (1) ◽  
pp. 283-300
Author(s):  
Viveksarati Sandrasigaran ◽  
Jalila Binti Johari ◽  
Soh Wei Ni ◽  
Bany-Ariffin A.N
Keyword(s):  
Earnings Management ◽  
Oil And Gas ◽  
Price Volatility ◽  
Oil And Gas Industry ◽  
Oil Price ◽  
Empirical Examination ◽  
Gas Industry ◽  
Oil Price Volatility ◽  
Production Ratio ◽  
The Relationship

This study is an empirical examination on the relationship between oil price volatility and earnings management in the oil and gas industry, moderated by price-setting abilities of OPEC (Organization of Petroleum Exporting Nations) and price taking abilities of Non-OPEC countries. This study tests discretionary, income-decreasing, current and non-current accruals as a proxy of earnings management. A total sample of 209 firm-year observations from 2008 to 2018 of listed oil and gas firm is collected from the Thomson Datastream database. To incorporate the moderation effect, the samples were divided into two sub-groups, OPEC and Non-OPEC using reserve to production ratio.  Firm attributes are included in the analysis as the constant variable such as leverage, current ratio, EBITDA and Growth. The initial results show that, overall, the interaction effect between OPEC/Non-OPEC and oil price volatility is positive and significant to discretionary and income-decreasing accruals. Data samples are limited while comparing OPEC and Non-OPEC countries as not every oil and gas company in OPEC are listed companies and their information is heavily protected. This study contributes to extant earnings management literature regarding political cost, which remains a significant concern to oil and gas companies worldwide.

Application of LEAN Supply Chain Management as a Panacea to Sustainable Future Profitability in the Nigerian Oil and Gas Industry

2021 ◽  
Author(s):  
Obaro Jerry Ugolo
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Online Survey ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Price ◽  
Annual Reports ◽  
Gas Industry ◽  
Chain Management ◽  
Lean Supply Chain

Abstract The Nigeria oil and gas industry is a highly capital intensive market. with possibility of high profit or great losses. Oil price trends over the last 3 decades shows cyclical and relatively high volatility. This is due to geopolitical and economic factors including dollar value, governments and organizations (like OPEC's actions), that influence global supply and demand. In 2020, due to the COVID-19 crises, public health became a key factor influencing oil price (due to its severe adverse impact on demand). Studies have shown that even an increase in production volumes will not be able to bring about profitability in the industry. Clearly, management of costs including a lean supply chain that ensures that material/services for production are available at the right price and time is critical for the profitability of future oil and gas supply. Oil producing firms require an optimum supply level of material and services to competitively deliver its end-product. This paper discusses the effect of LEAN supply chain management on the profitability of oil & gas firms in Nigeria. It also appraises the relationship between lean processes and operational efficiency of oil and gas producing companies. Using quantitative and descriptive research design methods, an online survey has been used to gather information from respondents from different oil and gas companies. Secondary data was also obtained from annual reports of relevant companies to show their crude oil production levels vis-à-vis profitability over a five-year period. Based on analysis of information received from the research conducted, it has been recommended that better supply related collaboration between the organizations in the industry is necessary for sustained profitability. Companies need to link upstream and downstream flows of products, services and information to help reduce costs, wastages and ensure profitability. In, line with this, steps have been proferred to establish lean processes for organization. The researcher concludes that established industry-wide lean supply chain management processes and practices and collaboration e critical to competiveness and sustainable profitability in the oil and gas industry.

Revision of DNV GL Design Standard for Floating Wind Turbine Structures

2017 ◽  
Author(s):  
Anne Lene Haukanes Hopstad ◽  
Knut O. Ronold ◽  
Kimon Argyriadis
Keyword(s):  
Wind Turbine ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Floating Structures ◽  
Current Trends ◽  
Floating Wind Turbine ◽  
Standard Design ◽  
Offshore Oil And Gas ◽  
Offshore Oil

The first edition of the DNV Offshore Standard “Design of Floating Wind Turbine Structures”, DNV-OS-J103, was published in June 2013. The standard represented a condensation of all relevant requirements for floaters in existing DNV standards for the offshore oil and gas industry which were considered relevant also for offshore floating structures for support of wind turbines, supplemented by necessary adaptation to the wind turbine application. As part of the harmonization of the DNV GL codes for the wind turbine industry after the merger between Det Norske Veritas (DNV) and Germanischer Lloyd (GL) in the autumn of 2013, DNV GL currently plans to publish a revision of DNV-OS-J103 in 2017, to become identified as DNVGL-ST-0119. The new revision is intended to reflect the experience gained since 2013 as well as the current trends within the industry.

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