scholarly journals COLLABORATIVE MANAGEMENT AND ORGANISATIONAL RESILIENCE: EVIDENCE FROM THE OIL AND GAS INDUSTRY OF A DEVELOPING ECONOMY

2021 ◽  
pp. 1-15
Author(s):  
Christiana ACHEBELEMA ◽  
◽  
Damiebi ACHEBELEMA ◽  
Keyword(s):  
Organizational Leadership ◽  
Oil And Gas ◽  
Rank Order ◽  
Oil And Gas Industry ◽  
Collaborative Management ◽  
Cross Sectional ◽  
Gas Industry ◽  
Quasi Experimental ◽  
Oil And Gas Firms ◽  
Rivers State

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.

scholarly journals PROJECT RISK AVOIDANCE AND PROJECT EXECUTION IN NIGERIA OIL AND GAS INDUSTRY [PENGHINDARAN RISIKO PROYEK DAN PELAKSANAAN PROYEK DI INDUSTRI MINYAK DAN GAS di NIGERIA]

2020 ◽  
Vol 15 (2) ◽  
pp. 171
Author(s):  
Ike Egboga ◽  
Gift Worlu
Keyword(s):  
Oil And Gas ◽  
Rank Order ◽  
Oil And Gas Industry ◽  
Risk Avoidance ◽  
Project Risk ◽  
Gas Industry ◽  
Rivers State ◽  
Oil And Gas Companies ◽  
The Relationship

<p>This study sought to examine the relationship between project risk avoidance and project execution in the Nigerian oil and gas industry. Specifically, the study examined the relationship between project risk avoidance and four components of project execution (budget, quality, schedule and scope) among 51 oil and gas companies operating in Rivers State, Nigeria. To achieve this objective, 102 managing executives were given questionnaires, with 82 questionnaires correctly filled and returned. Data obtained were analysed using mean scores and Spearman’s rank order correlation analysis. The study found that projects risk avoidance was positively and significantly related to all four components of project execution. The main implication of this finding is that oil and gas companies need to invest heavily in innovative technologies and processes that will enhance their ability to avoid risk, thus improving the quality of projects they execute.</p><p> </p><p><em><strong>Abstrak dalam Bahasa Indonesia.</strong>Studi ini berusaha untuk menguji hubungan antara proyek penghindaran risiko dan eksekusi proyek di industri minyak dan gas Nigeria. Secara spesifik, studi tersebut meneliti hubungan antara proyek penghindaran risiko dan empat komponen eksekusi proyek (anggaran, kualitas, jadwal dan ruang lingkup) di antara 51 perusahaan minyak dan gas yang beroperasi di Negara Bagian Rivers, Nigeria. Untuk mencapai tujuan ini, 102 eksekutif pelaksana diberikan kuesioner, dengan 82 kuesioner diisi dan dikembalikan dengan benar. Data yang diperoleh dianalisis menggunakan skor rata-rata dan analisis korelasi urutan peringkat Spearman. Studi tersebut menemukan bahwa penghindaran risiko proyek berhubungan positif dan signifikan dengan keempat komponen pelaksanaan proyek. Implikasi utama dari temuan ini adalah bahwa perusahaan minyak dan gas perlu berinvestasi besar-besaran dalam teknologi dan proses inovatif yang akan meningkatkan kemampuan mereka untuk menghindari risiko, sehingga meningkatkan kualitas proyek yang mereka jalankan.</em></p>

scholarly journals SIZE, AGE AND LEVERAGE OF NIGERIA QUOTED OIL AND GAS CORPORATIONS

2021 ◽  
Vol 3 (6) ◽  
pp. 51-60
Author(s):  
Onipe Adabenege Yahaya ◽  
Bilyaminu Tijjani
Keyword(s):  
Firm Size ◽  
Oil And Gas ◽  
Empirical Studies ◽  
Oil And Gas Industry ◽  
Financial Leverage ◽  
Firm Level ◽  
Gas Industry ◽  
User Data ◽  
Oil And Gas Firms ◽  
Oil And Gas Companies

Firm size and age influence firm-level leverage. The extent of such influence on the oil and gas industry is not known in Nigeria. There are very few empirical studies that interrogate the effects of firm size and listing age on leverage in Nigeria. This study examines the impacts of firm size and listing age on firm-level financial leverage of listed oil and gas companies in Nigeria. It was non-experimental research and correlational in nature. Data were extracted from annuals and accounts of 8 firms over a period of 13 years (2007-2019) and subjected to descriptive statistics (number of observations, mean, standard deviations, mean, minimum and maximum means) and inferential statistics (multiple regression analysis). The findings show that firm size has a negative and significant impact on firm-level financial leverage. Firm age has a positive and significant effect on firm-level leverage. In this paper, we contribute to the literature by examining the presence and direction of firm size and listing age to financial leverage user data from listed oil and gas firms in Nigeria. Our study is the first to address the adverse implications of Modeling with firm size and listing age on firm-level financial leverage.

scholarly journals Material Requirement Planning and Supply Chain Performance of Oil and Gas Firms in Rivers State, Nigeria

2021 ◽  
Vol 6 (2) ◽  
pp. 10-25
Author(s):  
Oluwarotimi Akintokunbo ◽  
Otonye Obom
Keyword(s):  
Supply Chain ◽  
Data Collection ◽  
Sample Size ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Supply Chain Performance ◽  
Material Requirement Planning ◽  
Material Requirement ◽  
Oil And Gas Firms ◽  
Rivers State

Purpose: This study examined the relationship between material requirement planning and supply chain performance of Oil and Gas firms in Rivers State, Nigeria. Methodology: The study adopted an explanatory research design with a causal type of investigation. Both primary and secondary methods of data collection were used to obtain relevant data for analysis. The instrument of data collection employed was the questionnaire. The study population comprised of two hundred and ninety-three (293) oil and gas servicing firms operating in Rivers State as enlisted in the Nigerian oil and gas industry annual report (2020). The sample size for the study comprised 149 oil and gas firms in Port Harcourt, Rivers state. The sample size was determined using the Taro Yamene formula. Furthermore, the researcher selected one management staff from each of the oil and gas firms operating in Rivers State as respondents for the study hence a total of one hundred and forty nine (149) respondents were used for the study. The data was analyzed using the Pearson’s Product Moment Correlation statistic through the aid of statistical packages for social science version 23.0. Findings: The result of the study revealed the existence of significant and positive relationship between material requirement planning and supply chain performance of oil and gas firms in Rivers State. Recommendation: The researcher concluded that material requirement planning affect supply chain performance of oil and gas firms in Rivers state and therefore recommended that managers of oil and gas firms should strategically manage their material and inventory processes in other to improve their supply chain performance.  

scholarly journals Corporate governance mechanisms, sensitive factors and earnings management in Nigerian oil and gas industry

2016 ◽  
Vol 13 (2) ◽  
pp. 39-48 ◽  
Author(s):  
Nuraddeen Usman Miko ◽  
Hasnah Kamardin
Keyword(s):  
Corporate Governance ◽  
Earnings Management ◽  
Audit Committee ◽  
Oil And Gas ◽  
Chief Executive ◽  
Oil And Gas Industry ◽  
Governance Mechanisms ◽  
Gas Industry ◽  
Corporate Governance Mechanisms ◽  
Oil And Gas Firms

Oil and gas industry is considered as the sector that contributes a big share to the Nigeria economy. This study investigated the effects of corporate governance mechanisms, sensitive factors on earnings management of quoted oil and gas firms in Nigeria using the sample of nine (9) listed oil and gas firms for the period of ten years (2004-2013). Discretionary current accruals was used as the proxy for earnings management. Corporate governance mechanisms (boards size, chief executive officer (CEO) duality, directors’ ownership, audit committee size, audit committee independence), sensitive factors (corporate tax, corporate profit, corporate social responsibility) served as independent variables. The study concludes that corporate governance mechanisms curves earnings management while sensitive factors increase earnings management. The study recommends that corporate governance regulations should be strengthened to reflect present challenges.

scholarly journals Project Risk Mitigation and Project Execution in the Nigeria Oil And Gas Industry

2021 ◽  
Vol 4 (2) ◽  
pp. 117-125
Author(s):  
Ike Egboga ◽  
Eniola Taiwo
Keyword(s):  
Oil And Gas ◽  
Risk Mitigation ◽  
Rank Order ◽  
Oil And Gas Industry ◽  
Analysis Data ◽  
Mitigation Strategies ◽  
Project Risk ◽  
Gas Industry ◽  
Risk Mitigation Strategies ◽  
Holistic Integration

The focus of this study is to examine the relationship between project risk mitigation and project execution in the Nigeria oil and gas industry. Specifically, the study examines the extent of contribution of project risk mitigation in realising project budget, quality, schedule and scope during execution. In pursuant of these objectives, survey research design was used. 102 questionnaires were administered to the Managing Directors or Chief Operating Officers and project or operations managers of the selected companies. Eighty two questionnaires were validly retrieved and used for data analysis. Data obtained were analysed mean and Spearman’s rank order correlation analysis. The study found that projects risk mitigation was significantly and positively related to project execution in terms of budget, quality, schedule and scope. The study therefore recommends that there should be a holistic integration and constant improvement of project risk mitigation strategies which will help improve the quality of projects executed in the Nigerian oil and gas industry.

An Empirical Investigation of the Extent of Corporate Financial Disclosure in the Oil and Gas Industry

1993 ◽  
Vol 8 (3) ◽  
pp. 249-273 ◽  
Author(s):  
David Malone ◽  
Clarence Fries ◽  
Thomas Jones
Keyword(s):  
Oil And Gas ◽  
Investment Decision ◽  
Research Question ◽  
Oil And Gas Industry ◽  
Financial Disclosure ◽  
Annual Reports ◽  
Parameter Estimates ◽  
Gas Industry ◽  
Final Model ◽  
Oil And Gas Firms

The principal research question addressed by the study was: Are there identifiable and measurable factors that are associated with the extent to which firms in the oil and gas industry disclose financial information? Extent of financial disclosure was measured by using a weighted index of disclosure items. The 10-K and annual reports of 125 oil and gas firms were examined in order to identify various financial disclosures provided by each firm. This set of disclosures was weighted by oil and gas financial analysts according to the importance of each disclosure in an investment decision. The items of information provided by an individual firm were then applied to the index. The dependent variable, extent of financial disclosure, was the ratio of a firm's total disclosure score to the firm's total possible disclosure. A stepwise regression model was used to determine which variables were “best” in explaining extent of financial disclosure. Of the ten independent variables entered, four were retained in the final model at the .20 level of significance: exchange listing status, audit firm size, ratio of debt to total equity, and number of shareholders. The final model was examined for the significance of parameter estimates. Three variables—listing status, ratio of debt to total equity, and number of shareholders—were determined to be statistically significant.

scholarly journals The Impact of Project Management Methodologies on Project Success: A Case Study of the Oil and Gas Industry

2019 ◽  
Vol 9 (2) ◽  
pp. 115-125 ◽  
Author(s):  
Hazem Abdulla ◽  
Mukhtar Al-Hashimi
Keyword(s):  
Project Management ◽  
Oil And Gas ◽  
Project Success ◽  
Oil And Gas Industry ◽  
Project Delivery ◽  
Success Rates ◽  
Structured Interviews ◽  
Gas Industry ◽  
Oil And Gas Firms ◽  
The Impact

Abstract Oil and gas industry is complex and competitive and its projects are characterized by their importance and complexity. To achieve sustainability, oil and gas firms have to initiate and complete projects to scope, schedule, cost and quality. Hence, efficient Project Management Methodologies (PMMs) play a crucial role in successful project delivery. A conceptual model, adopted from the literature, was used to assess the influence of PMMs on project success. Based on a questionnaire data from 95 project management practitioners within the oil and gas industry in the Kingdom of Bahrain, correlational and regression analyses were used to test the research hypotheses. The quantitative study was backed with 17 semi-structured interviews to obtain in-depth understanding about the organizational PMMs. The major finding of the study revealed that applied PMMs have higher influence on project success in comparison with comprehensive PMMs. The companies in the oil and gas industry in Bahrain need to pay sharper attention to their methodologies and get them evolved with time to achieve higher success rates.

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