scholarly journals Innovative activity of the leading companies in the oil and gas industry

2020 ◽  
Vol 12 (6) ◽  
Author(s):  
Evgenij Koptjaev
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Financial Statements ◽  
Innovative Activity ◽  
The European Union ◽  
Sources Of Information ◽  
Extensive Experience ◽  
Gas Industry ◽  
Secondary Sources ◽  
Utility Models

Modern oil and gas companies are complex businesses based on competition and the use of advanced experience, including technical. The collected data show the level of innovative activity of the leading companies in this area, and as a source the database of the European Union Patent Office is used, which allows you to get a complete picture of the type, number and distribution of patents for inventions by year in relation to the companies that have applied for them. Such data are as reliable as possible and are not subject to distortion, unlike secondary sources of information, as well as annual financial statements – on the basis of which a comparative assessment of the effectiveness of innovative activities of leading companies is made. The personal experience of the author of the article consists in filing more than 90 applications for inventions and utility models in Russia, which made it possible to estimate the basic costs of preparing and filing patent applications for various companies in the oil and gas industry. The analysis of the data obtained by the author of the article showed a wide spread in the volumes of annually obtained patents for inventions among the leading companies in the oil and gas industry. The activities of Occidental Petroleum stand out in particular, which receives up to 17,000 patents annually – significantly exceeding the achievements of all other companies combined. However, one should account for the exponential growth of patenting for the said company; it can be assumed that it has employees with extensive experience and a special policy of the management of this company. Comparison of these annual financial statements shows that there is no direct relationship between the volume of intangible assets and investments in their creation, thus the creation of a large pool of patents does not lead to a significant increase in capitalization or clear competitive advantages.

EVALUATION OF THE ABSOLUTE RESULTS OF THE LEADING COMPANIES OF THE OIL AND GAS COMPLEX: PROBLEMS AND PROSPECTS

2021 ◽  
Vol 3 (11) ◽  
pp. 6-12
Author(s):  
Lyudmila V. Goloshchapova ◽  
◽  
Elena V. Maltseva ◽  
Keyword(s):  
Oil And Gas ◽  
Balance Sheet ◽  
Oil And Gas Industry ◽  
Financial Statements ◽  
The State ◽  
Gas Industry ◽  
Factors Affecting ◽  
Complex Problems ◽  
The Absolute ◽  
Statistical Indicators

The study is devoted to the analysis of the balance sheet profit of the leading companies in the oil and gas industry. The types of profits were considered, as well as the dynamics of the changes in indicators affecting their formation were analyzed. In addition, the article considers the composition and struc-ture of the balance sheet profit, factors affecting its size. Based on the financial statements of the companies, an idea of the state of profit in the companies «Rosneft», «Lukoil», «Gazprom» and «Tatneft» has been com-piled. The paper analyzes quantitative statistical indicators that reflect the results achieved from 2016–2020.

Assessment of Conflict Management in Niger Delta and Implications for Sustainable Development of Oil and Gas in Nigeria

2021 ◽  
Author(s):  
Humphrey Otombosoba Oruwari
Keyword(s):  
Conflict Management ◽  
Niger Delta ◽  
Oil And Gas ◽  
Ecological Factors ◽  
Oil And Gas Industry ◽  
Negative Effects ◽  
Gas Industry ◽  
Secondary Sources ◽  
Positive Elements ◽  
Oil And Gas Companies

Abstract Nigerian oil and gas industry have over the years witnessed incessant conflicts between the stakeholders, particularly the host communities in Niger Delta region and the oil and gas companies in partnership with the Federal Government. Conflict which is here defined as manifestation of disagreement between individual and groups arising from differing and mutually incompatible interests has both positive and negative effects depending on how it was managed. Managing conflicts is all about limiting the negative aspects. The study examined conflicts management in Nigeria oil and gas industry and how best the positive elements of conflicts can be maximally exploited for the mutual benefit of both oil and gas company and the host communities in Niger Delta. The study adopted the multidisciplinary approach, literature review, case study and relied on secondary sources using analytical method of data analysis. The study findings revealed that the major factors that precipitate conflicts between the oil and gas industry and host communities in Niger Delta include economic, social, political, and ecological factors. There are available strategies that can be used in conflict management. These include avoiding, accommodating, or smoothing, competing, or forcing, compromising, and collaborating. Any of these strategies can be used to manage conflict depending on the situation, the environment factor, and the nature of the conflict. The problem is that the oil and gas companies in partnership with the Nigerian government often adopted the wrong approach in dealing with the conflict with host communities, using avoiding or forcing strategies. The study recommends collaboration strategy which ensues long term-term solution to mutual benefits.

Oil and gas project management and success: a critical evaluation of oil and gas project management success in Australia

2019 ◽  
Vol 59 (1) ◽  
pp. 82
Author(s):  
Cornelius Ikediashi ◽  
Bassam Bjeirmi
Keyword(s):  
Project Management ◽  
Oil And Gas ◽  
Critical Evaluation ◽  
Oil And Gas Industry ◽  
Pole Position ◽  
Project Delivery ◽  
Sources Of Information ◽  
Contributing Factors ◽  
Secondary Sources ◽  
Skills Shortages

Australia remains in pole position to become the world’s leading exporter of liquefied natural gas (LNG) and the number one exporter in the future. Maintaining this trajectory will require the oil and gas industry in Australia to remain competitive in project delivery to continue to attract investments. Yet, the Australian project delivery environment poses a big threat to this trajectory. Several research studies, organisations and institutions have come up with a long list of generic factors contributing to project management success and failure. The aim of this study is to examine oil and gas projects in Australia with a view to ascertain their success or otherwise and the specific contributing factors. This study has used a qualitative method of research by examining secondary sources of information on four recent Western Australia LNG projects (Gorgon, Wheatstone, Prelude and Ichthys) and presenting them as case studies. Specifically, the research has used mostly online sources that are either independent reports or information sourced from company websites. The key findings suggest that major oil and gas projects in Australia fail, and that failure or success is determined by the ability of the project management team to deliver the project on budget and on schedule. This is exemplified by the projects examined in this study, which have all shown cost and schedule overruns. Six critical factors are observed as contributing to cost and schedule overrun: project location, high cost of executing projects in Australia versus overseas, skills shortages, overseas manufacturing, project complexity and cultural and environment issues. Innovation, collaboration and standardisation, as adopted from other regions, are the initial practices suggested for the Australian industry to overcome all six factors and encourage further investment.

scholarly journals Theoretical and practical aspects of assessment of innovative activity in oil and gas enterprises

2020 ◽  
Vol 13 (4) ◽  
pp. 531-540
Author(s):  
M. V. Rybin ◽  
D. S. Lobov
Keyword(s):  
Life Cycle ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Innovative Activity ◽  
Gas Industry ◽  
The Innovative Management ◽  
And Performance ◽  
Key Indicators ◽  
Oil And Gas Companies ◽  
Oil And Gas Enterprises

Analysis of theoretical and practical aspects of assessment of innovative activity at national and foreign oil and gas enterprises revealed the necessity of improvement of the existing tools which include the lists of key indicators of efficiency and performance applied within the innovative development programs of the Russian companies. Thereby the authors analyzed national and foreign research paying the most serious attention to theoretical aspects of innovative activity assessment. Among them of greatest interest is the complex approach to application of metrics in scientific and technical development of a company. The authors have also studied the conceptual apparatus and the main terms for the problems under consideration. As a result, the research confirmed the idea that the practice of applying the lists of key indicators of innovative activity in oil and gas industry does not coincide with the results of academic works and the innovative management theory: the current methods are primarily aimed at assessment of the results of innovative activity, several stages of the life cycle of creation of innovation are not subject to monitoring. At the same time lists of key indicators of innovative activity make it possible for the company’s management to estimate economic and resource effects of innovations which corresponds to strategic interests of oil and gas companies.Lists of indicators of efficiency and performance of innovative activity can be improved by means of national and foreign research. It is important to involve more metrics which make it possible to monitor all the life cycle of creation and implementation of innovative solutions.The results of the study can be used as the basis for further research on improvement and development of the lists of key indicators of innovative activity of oil and gas companies.

scholarly journals Decline in Innovation Activity in Fuel and Energy Complex of Russian Federation in 1990s and Its Consequences

2021 ◽  
pp. 325-339
Author(s):  
E. V. Bodrova ◽  
V. V. Kalinov
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Modern World ◽  
Central State ◽  
Gas Industry ◽  
Energy Complex ◽  
Adequate Funding

The relevance of the study is due to the importance of digitalization of the country's fuel and energy complex. On the basis of archival data and a study of the assessments of leading experts, the author considers the problem of the decline in innovative activity in the fuel and energy complex (FEC) of the Russian Federation in the context of liberal reforms implemented in the 1990s. As a result of the analysis of documents, statistical data and other materials, it was proved that investment programs were cur-tailed, drilling in the oil and gas industry was reduced to a minimum, and social problems were growing. Particular attention is paid to identifying the reasons for the decline in innovative activity. The conclusion is made that the crisis situation in the fuel and energy complex, the lack of adequate funding has deprived scientists of the opportunity to develop at a level adequate to the requirements of the modern world energy market. The question is raised about the interaction of the heads of the fuel and energy complex with the central state bodies, which were increasingly complicated due to the increasing tax pressure. It is proved that in the conditions of a general crisis of non-payments, enterprises of the fuel and energy complex, having no free funds, practically stopped provisions to the fund for financing re-search and development work (R&D). The stake on the emergence of “effective managers”, attraction of foreign capital, and a system of unaddressed budgetary support for R&D has not justified itself. Import dependence grew, which has not yet been fully overcome.

scholarly journals ON IMPROVEMENT OF INNOVATIVE ACTIVITY OF THE OIL AND GAS INDUSTRY OF AZERBAIJAN

2021 ◽  
Vol 11 (01) ◽  
pp. 04-10
Author(s):  
Arzu Mirheydarova Arzu Mirheydarova
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Innovation Development ◽  
Gas Industry ◽  
Innovation Potential ◽  
Flow Capacity ◽  
Bottom Hole ◽  
The Republic

This article examines the theoretical basis of innovation, studied the peculiarities of formation of innovation development in the Republic of Azerbaijan. In addition we analyze the innovation activity in the oil and gas industry of the Republic, and summarizes the features of the innovative activities of the industry. In the end, developed a number of conclusions and proposals for improvement of innovative activity, as studied in the industry and the whole economy. In the article above information about the formation and development of innovation progress in Azerbaijan Republic is given. Furthermore, the potential of oil industry’s innovation is analyzed. Keyword: innovation potential, productive innovation, efficiency of methods of influence on the formation bottom-hole zone wells, flow capacity

scholarly journals Misbalances in Russian agricultural corporations economic growth

2021 ◽  
Vol 258 ◽  
pp. 06030
Author(s):  
Ekaterina Nikolaeva ◽  
Dmitri Pletnev ◽  
Saeed Mirvahedi
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Financial Statements ◽  
Negative Consequences ◽  
Consolidated Financial Statements ◽  
Gas Industry ◽  
Balanced Growth ◽  
Growth Equilibrium

The sustainability and balance of companies’ growth, especially if they are systemically important for the national economy, is essential for ensuring sustainable development. The article analyzes the balanced growth equilibrium rule for Russian corporations from leading industries: oil and gas industry, transport, metallurgy, and retail. Paper used the data of the official consolidated financial statements for 2011-2019. It is concluded that Russian corporations’ growth is not balanced, which can have negative consequences both for their long-term development and for their stakeholders: employees, suppliers, and local communities. In 2019, no corporation demonstrated a balanced growth for key economic indicators. A misbalance in growth is typically observed in two indicators - sales revenue and profit on sales. The paper concludes that tendency highlighted leads to weak in investment and other important activities, including sustainable development goal achievement.

Analytical Procedures: A Data Envelopment Analysis Approach

2005 ◽  
Vol 2 (1) ◽  
pp. 17-31 ◽  
Author(s):  
Ehsan H. Feroz ◽  
Sungsoo Kim ◽  
Raymond L. Raab
Keyword(s):  
Data Envelopment Analysis ◽  
Oil And Gas ◽  
Analytical Procedure ◽  
Oil And Gas Industry ◽  
Financial Statements ◽  
Risk Level ◽  
Data Envelopment ◽  
Gas Industry ◽  
Planning Stage ◽  
Analytical Procedures

In this paper, we demonstrate the usefulness of Data Envelopment Analysis (DEA) as an analytical procedure for auditors, especially in the planning stage of the audit, to determine the extent of audit and to assess the preliminary risk level of the client. We believe that DEA can also be used in the overall review stage to detect any anomalies and to assess the reasonableness of financial statements. DEA-based analytical procedures can provide consistent and reliable red ags and benchmarks for auditors to compare a client to other firms in the same industry. We provide an illustrative use of DEA as an analytical procedure for auditing a client in the oil and gas industry. We also provide validation for DEA as an analytical procedure.

The promotion of leasing in oilfield services as a mechanism for the innovative development of the oil and gas industry

2021 ◽  
Vol 17 (8) ◽  
pp. 1474-1490
Author(s):  
Irina A. RUDSKAYA ◽  
Vladimir I. KURAKIN
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Innovative Activity ◽  
Innovative Development ◽  
Service Market ◽  
Gas Industry ◽  
Practical Guidelines ◽  
Key Issues ◽  
Gas Market ◽  
Innovation Indicators

Subject. This article focuses on the oilfield service market and innovative development mechanisms for Oil & Gas in particular. Objectives. The study provides the rationale for leasing as a practical mechanism for encouraging the innovative activity of Oil & Gas companies. Methods. The study is based on methods of the analysis, systematization, comparison and matching. Results. We report on the analysis of the development of the oilfield service market as a crucial constituent of the oil and gas industry. The article presents indicators and trends in the development of the oil and gas market worldwide and in Russia. We describe distinctions of the oilfield service market, classify key lines of activities in the industry. The article spotlights key issues of the oilfield service market and displays the current factors shaping trends in the oilfield market development. We analyzed innovation indicators in the industry, the applicable lease schemes, and classified lease companies operating in the oil and gas market. Conclusions and Relevance. The predominance of short-term contracts turns to be a key issue of the oil and gas industry, since companies cannot be assured that technical retrofitting costs be repaid and justified. There should be further research into the practical potential, expanded development and practical guidelines for leasing schemes in the oilfield service market, which will push the innovative activity of companies operating in the industry.

Side streams from the vegetable oil production as feedstock for surfactants and treir derivative technical systems

2021 ◽  
pp. 55-61
Author(s):  
L.Yu. Bodachivska ◽  
Keyword(s):  
Oil And Gas ◽  
Raw Materials ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Condensate ◽  
The European Union ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Waste Remediation ◽  
Value Streams

This work conducts a technical analysis of the current production and consumption of vegetable oils and some of the oily byproducts to determine the potential feedstock for the synthesis of non-food-competitive surfactants and surfactant-based systems. It defines the concentrated phosphatides (phosphatidic sludge) as no-/low- value streams, appropriately suited for chemical valorisation. The study further creates biobased surfactants by amidation of phosphatidic sludge derived from refinery of sunflower and rapeseed oils with monoethanolamine, N-(2-hydroxyethyl)ethylenediamine, or N,N’-bis(2-hydroxyethyl)ethylenediamine, under the action of calcium hydroxide as catalyst in excellent yields (95–98 %). Besides waste remediation, the use of phosphatides enabled to create the mixed surfactant compositions, comprising fatty acid alkanolamides and calcium glycerolphosphatides with improved solubility in organic non-polar solvents. With new surfactants, there have been created reversed emulsion systems, which can be potentially applied to the development and exploitation of gas and oil deposits are recommended for drilling wells, the disclosure of productive strata; perforation of wells and development of productive layers; blockage of gas, gas condensate and oil wells; elimination of manifestations and flow of gas in wells; limitation and elimination of waterways; cleaning of the hollow zone of wells and intensification of the inflow of hydrocarbon raw materials, which have been tested in laboratory and experimental industrial conditions, and a significant part of them have been introduced or tested on gas condensate fields. Creation of coordinated, effective and economical actions that should be formed in the state energy policy of Ukraine would facilitate the development of oil and gas companies, namely: increase of own oil and gas production; maximizing the potential of energy saving; diversification of external sources of supply; approximation of the parameters of the oil and gas industry to the norms and standards of the European Union.

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