scholarly journals Government Management of Oil and Gas in Alberta

1969 ◽  
pp. 146
Author(s):  
Michael Crommelin
Keyword(s):  
Natural Gas ◽  
Broad Spectrum ◽  
Risk Taking ◽  
Oil And Gas ◽  
Private Enterprise ◽  
Net Benefit ◽  
Oil And Natural Gas ◽  
Government Management ◽  
The Government ◽  
Considerable Detail

The author surveys, in considerable detail, the broad spectrum of provincial legislation and regulations relating to the exploration, development, and marketing of conventional Crown-owned oil and natural gas in Alberta. He evaluates and criticizes government management of these resources by reference to two criteria. The first such criterion is that of optimum "efficiency", which the author describes as being such allocation of labour and capital at such time as will result in the maximum possible net benefit to society. The se cond criterion is that of "equity", by which is meant distribution of benefits between government and private enterprise such that those revenues, in excess of necessary costs incurred and adequate compensation for risk-taking by private enterprise, accrue to the government. In applying these criteria, the author develops several criticisms of the excisting management system. He concludes by proposing several specific changes.

LEGAL MECHANISMS FOR STIMULATING THE DEVELOPMENT OF THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY

2021 ◽  
Author(s):  
Viacheslav Olegovich Mosalygin ◽  
Keyword(s):  
Natural Gas ◽  
Russian Federation ◽  
Oil And Gas ◽  
Significant Part ◽  
Tax Revenues ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Russian Federation ◽  
The Government ◽  
Oil And Gas Sector

For more than 15 years, a significant part of the budget revenues of the Russian Federation have been tax revenues from the sale of hydrocarbons, in particular oil and natural gas. Despite the desire of our government to minimize its dependence on oil and gas revenues, the government continues to implement measures to encourage both small and large companies by providing some tax-related benefits, thereby encouraging the fields to further develop and expand.

scholarly journals STATEOWNED ENTERPRISE AND PUBLIC SERVICE OBLIGATION IN THE SECTOR OF OIL AND GAS

2018 ◽  
Vol 29 (3) ◽  
pp. 515
Author(s):  
Muhammad Insa Ansari
Keyword(s):  
Natural Gas ◽  
Public Service ◽  
Oil And Gas ◽  
For Profit ◽  
Oil And Natural Gas ◽  
The Republic ◽  
The Government ◽  
Oil And Gas Sector ◽  
Energy Law ◽  
Public Service Obligation

AbstractThe 1945 Constitution of the Republic of Indonesia regulates natural recources in its particular article. Then, the Energy Law and the Oil and Gas Law regulate the state’s control of oil and natural gas. In the sectoral regulations of oil and gas, there is a public service obligation (PSO) which must be assumed by the Government and State Owned Enterprises (SOE). Meanwhile, in the SOE Law introduced entity Perum and Persero. Where in Perum entities carrying out public service, while the Persero entity to assume the role for profit. But in practice found a PSO on the oil and gas sector carried by state-run entities Persero. IntisariDalam Undang-Undang Dasar Negara Republik Indonesia 1945 diatur penguasaan negara terhadap sumber daya alam. Kemudian UU Enegi dan UU Minyak dan Gas Bumi mengatur penguasaan negara terhadap minyak dan gas bumi. Dalam pengaturan sektoral di bidang tersebut juga mengatur kewajiban pelayanan umum yang harus diemban oleh pemerintah dan BUMN. Sementara itu dalam UU BUMN diperkenalkan  entitas Perusahaan Umum (Perum) dan Perseroan Terbatas (Persero). Dimana entitas Perum mengemban peran pelayanan umum (public service), sementara entitas Persero mengemban peran mencari keuntungan (profit oriented). Namun dalam praktek ditemukan kewajiban pelayanan umum pada sektor minyak dan gas bumi diemban oleh BUMN dengan entitas Persero. 

Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India”

2016 ◽  
Vol 12 (3) ◽  
pp. 205-214
Author(s):  
Sumeet Gupta ◽  
Sharad Srivastava
Keyword(s):  
Public Sector ◽  
Natural Gas ◽  
Financial Performance ◽  
Oil And Gas ◽  
Financial Analysis ◽  
Operating Performance ◽  
Fiscal Deficit ◽  
Efficiency Ratio ◽  
Oil And Natural Gas ◽  
The Government

Disinvestment of minority share of PSU have become one of the important medium of raising revenue for the government. The government wanted to reduce its fiscal deficit by doing disinvestment of public sector enterprise. It is believed that operating performance and efficiency of Public sector enterprise gets improved after the post disinvestment period. There are many public sector enterprise whose financial performance got improved after the disinvestment.The prime focus of the study is to examine:Why there is a need for disinvestment of public sector enterprise      such as ONGC and IOCL.The impact of disinvestment on the financial and operating      performance on pre disinvestment as well as on post disinvestment period. In this study financial performance will be measured e.g.  Profitability ratio, efficiency ratio, liquidity ratio, & leverage and ratio for perspective investor. The financial performance will be used to access whether there is any impact of disinvestment on company’s performance of Oil and Natural Gas Corporation Ltd. & Indian Oil Corporation Ltd.  

scholarly journals Implementasi Pasal 53 Undang-Undang Nomor 22 Tahun 2001 tentang Minyak dan Gas Bumi Terkait Pelaku Usaha Pertamini di Kota Denpasar

2021 ◽  
Vol 2 (2) ◽  
pp. 429-433
Author(s):  
Ferdy Pradana ◽  
I Nyoman Putu Budiartha ◽  
I Wayan Arthanaya
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Implementation Process ◽  
Legal Basis ◽  
Legal Sanctions ◽  
Oil And Natural Gas ◽  
The Government ◽  
Data Collection Technique ◽  
First Time ◽  
The City

Petroleum as a strategic natural resource contained in the Indonesian mining jurisdiction is and has become a national asset that has been controlled by the State. This study aims to explain the legal sanctions for first business actors who trade oil and gas without having a business license to distribute oil and gas and describe the implementation process of the government's prohibition against first business actors in Denpasar. This research uses empirical legal research. The data collection technique was carried out through interviews. The data sources used are primary and secondary legal materials. The results of this study indicate that the regulation regarding legal sanctions for first-time business actors who do not have a license to distribute oil and natural gas has been regulated in Article 53 of Law Number 22 Year 2001 concerning oil and natural gas regarding processing, transportation, storage and commerce. However, with the complexity of business activities today, this regulation has not been able to reach and accommodate the current first developments. The application of the government's prohibition against first business actors in the city of Denpasar is still very contrary to the practice in the field. Only one owner only uses a micro and small business license (IUMK). Apart from that, the government has not been able to take action because there is no legal basis for controlling

scholarly journals NATURAL RESOURCES CONTRIBUTION IN DEFENSE DIPLOMACY: A CASE STUDY OF BRUNEI DARUSSALAM

2019 ◽  
Vol 9 (2) ◽  
pp. 57
Author(s):  
Marina Ika Sari
Keyword(s):  
Natural Gas ◽  
Natural Resources ◽  
Oil And Gas ◽  
High Standard ◽  
Defense Budget ◽  
Income Source ◽  
Human Resource Capacity ◽  
Brunei Darussalam ◽  
Oil And Natural Gas ◽  
The Government

<p>Brunei Darussalam is a country rich of natural resources, especially oil and natural gas. The country's income source is highly dependent on oil and gas sector. The fall of world oil price had an impact on Brunei Darussalam’s economy and the government decided to cut off 25% of its defense budget in 2015. However, in 2018, Brunei Darussalam's defense budget reached B$ 492,754,700, a 12.9% increase from the previous year's budget. This research focuses on Brunei Darussalam’s oil and natural gas sectors which have an impact on its defense budget. The amount of a country's defense budget will affect its defense power, including its defense diplomacy activities. This study employs the concept of defense diplomacy. This study finds that there are several key results areas in the defense of Brunei Darussalam government, such as territorial integrity, support toward "whole-of-nation" approach, effective defence diplomacy, military involvement in international missions, high standard of human resource capacity, as well as respected and credible image of the defense organisation.</p><p><strong>Keywords:</strong> Brunei Darussalam, defense diplomacy, natural resources</p>

scholarly journals Developmental and reproductive effects of chemicals associated with unconventional oil and natural gas operations

2014 ◽  
Vol 29 (4) ◽  
Author(s):  
Ellen Webb ◽  
Sheila Bushkin-Bedient ◽  
Amanda Cheng ◽  
Christopher D. Kassotis ◽  
Victoria Balise ◽  
...  
Keyword(s):  
Water Pollution ◽  
Reproductive Health ◽  
Natural Gas ◽  
Oil And Gas ◽  
Gas Production ◽  
Ethyl Benzene ◽  
Potential Health ◽  
Early Postnatal Development ◽  
Unconventional Oil ◽  
Oil And Natural Gas

AbstractUnconventional oil and gas (UOG) operations have the potential to increase air and water pollution in communities located near UOG operations. Every stage of UOG operation from well construction to extraction, operations, transportation, and distribution can lead to air and water contamination. Hundreds of chemicals are associated with the process of unconventional oil and natural gas production. In this work, we review the scientific literature providing evidence that adult and early life exposure to chemicals associated with UOG operations can result in adverse reproductive health and developmental effects in humans. Volatile organic compounds (VOCs) [including benzene, toluene, ethyl benzene, and xylene (BTEX) and formaldehyde] and heavy metals (including arsenic, cadmium and lead) are just a few of the known contributors to reduced air and water quality that pose a threat to human developmental and reproductive health. The developing fetus is particularly sensitive to environmental factors, which include air and water pollution. Research shows that there are critical windows of vulnerability during prenatal and early postnatal development, during which chemical exposures can cause potentially permanent damage to the growing embryo and fetus. Many of the air and water pollutants found near UOG operation sites are recognized as being developmental and reproductive toxicants; therefore there is a compelling need to increase our knowledge of the potential health consequences for adults, infants, and children from these chemicals through rapid and thorough health research investigation.

scholarly journals An overview of the oil and natural gas revenue management in Tanzania. A mini review

2018 ◽  
Vol 3 (3) ◽  
pp. 59 ◽  
Author(s):  
Obadia Kyetuza Bishoge ◽  
Lingling Zhang ◽  
Witness Gerald Mushi ◽  
Shaldon Leparan Suntu
Keyword(s):  
Developing Countries ◽  
Natural Gas ◽  
Revenue Management ◽  
Oil And Gas ◽  
Oil And Gas Resources ◽  
Oil And Natural Gas ◽  
Rich Countries

Management of oil and gas resources or revenues from trans-boundary or disputes areas has always been an issue of controversy in most oil and gas resource-rich countries. Tanzania is among the developing countries which rise with rich in oil and gas resources. It requires more attention on how the revenues generated from these resources should be utilized sustainably. This paper, therefore, provides the current overview of the tools and institutions that offer the guidelines on oil and gas revenue management and distribution.

scholarly journals A multi-objective model for an integrated oil and natural gas supply chain under uncertainty

2021 ◽  
Author(s):  
Ahmed M. Ghaithan ◽  
Ahmed Attia ◽  
Salih O. Duffuaa
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Stochastic Programming ◽  
Oil And Gas ◽  
Petroleum Products ◽  
Programming Approach ◽  
Proposed Model ◽  
Stochastic Solution ◽  
Oil And Natural Gas ◽  
Gas Supply

The oil and gas networks are overlapped because of the inclusion of associated gas in crude oil. This necessitates the integration and planning of oil and gas supply chain together. In recent years, hydrocarbon market has experienced high fluctuation in demands and prices which leads to considerable economic disruptions. Therefore, planning of oil and gas supply chain, considering market uncertainty is a significant area of research. In this regard, this study develops a multi-objective stochastic optimization model for tactical planning of downstream segment of oil and natural gas supply chain under uncertainty of price and demand of petroleum products. The proposed model was formulated based on a two-stage stochastic programming approach with a finite number of realizations. The proposed model helps to assess various trade-offs among the selected goals and guides decision maker(s) to effectively manage oil and natural gas supply chain. The applicability and the utility of the proposed model has been demonstrated using the case of Saudi Arabia oil and gas supply chain. The model is solved using the improved augmented ε-constraint algorithm. The impact of uncertainty of price and demand of petroleum products on the obtained results was investigated. The Value of Stochastic Solution (VSS) for total cost, total revenue, and service level reached a maximum of 12.6 %, 0.4 %, and 6.2% of wait-and see solutions, respectively. Therefore, the Value of the Stochastic Solution proved the importance of using stochastic programming approach over deterministic approach. In addition, the obtained results indicate that uncertainty in demand has higher impact on the oil and gas supply chain performance than the price.

scholarly journals About the Method of Analysis of Economic Correlations by Differentiation of Spline Models

2014 ◽  
Vol 8 (5) ◽  
pp. 197
Author(s):  
Ruslan Hizrailevich Ilyasov
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Spline Approximation ◽  
Correlation Ratio ◽  
Dynamics Modeling ◽  
Economic Dynamics ◽  
Spline Models ◽  
Oil And Natural Gas ◽  
Economic Indexes ◽  
Time Point

The article considers spline approximation as one of efficient methods of modeling economic dynamics. Spline approximation of economic dynamics allows carrying out qualitative and accurate transition from discrete values of a lattice function to a continuous model of a process, which allows calculating values of a studied index at any time point (interpolation). Spline representation improves the quality of economic dynamics modeling while saving the real values of the studied process at each time point. In this article, differentiation of spline models is used for analysis of the economic indexes growth rate. Correlations are detected and itemized by comparison of derivatives. The possibility of detecting "latent trends" is demonstrated by differentiation of spline models of the dynamics using the example of economic indexes of the oil and gas market of Russia. For example, in the first case, we consider spline models of the dynamics of export prices for oil and natural gas. Here, the correlation of the studied indexes is obvious and is detected by both calculation of the correlation ratio and visualization of the studied rows of dynamics with spline models. As an opposite example, we consider the dynamics of the volumes of oil and natural gas export. In this case, we gain the correlation ratio close to zero, which is to evidence absence of correlation. Modeling of the studied dynamics with cubic splines also does not detect any correlation between the dynamics of volumes of the oil and gas export. Our assumptions about "latent trends" are also confirmed by differentiation of spline models – the correlation between the change rate of the volumes of the oil and gas export is detected. Use of spline functions at economic dynamics modeling is determined with such positive properties of theirs as continuity, flexibility, differentiability, the property of minimal curve, etc.

scholarly journals Current state of development of Kazakhstan’s oil and gas industry

2021 ◽  
Vol 1 (79) ◽  
pp. 70-75
Author(s):  
A. U. Muhammedov ◽  
◽  
A. В. Tasmaganbetov ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Industry ◽  
Current State ◽  
Oil And Natural Gas ◽  
Main Activity ◽  
Average Monthly Salary ◽  
Monthly Salary

The article describes the current state of the domestic oil and gas industry. The volume of crude oil and natural gas production in the oil and gas industry is analyzed. The analysis of the gross output of natural gas and oil production, including gas condensate by region, is given and carried out. The number of employees in the main activity is given. The average monthly salary of employees in the main activity of the industry is determined.

Sign in / Sign up

Export Citation Format

Share Document