Patents for inventions in the Russian oil and gas sector: an analysis of the knowledge database complexity

The authors have analyzed invention patents in the Russian oil and gas sector (OGS) based on a knowledge database complexity index they designed for this purpose. The index takes into account the subclasses and sections of international patent classification (IPC) used in the patents. It has been demonstrated that opportunities for creating breakthrough technologies and radical innovations mostly arise within giant multinational oil and gas field service companies (e.g. Halliburton, Schlumberger, Baker Hughes). At the same time, Russian oil and service companies are noticeably lagging behind the foreign players and Russian actors in the sphere of science and education. The conducted analysis of the sectoral knowledge database revealed several significant risks for the development of the Russian OGS along the innovative trajectory. The risks (relative to the invention patents) arise from inadequate opportunities for creating breakthrough technologies.

Corporate Tax Operating Cash flow and Sales Growth and their Impact on Dividend Payout Ratio in Oil and Gas Companies Listed in Karachi Stock Exchange (KSE)

Purpose: The purpose of this study is to comprehend the dynamics of dividend payout in Pakistan’s oil and gas sector. This study is an attempt to differentiate that what are factors force firms to distribute dividends instead of enhancing retained earnings. To draw the required results 13 listed oil and gas companies have been incorporated in this study and their 5 years’ data has been studied. Design/Methodology/Approach: This study is quantitative and secondary data has been used to extract results. The sources of the data are financial statements of the companies under study. Fixed and random effects of regression were used for data analysis. Findings: Based on this study, it can be concluded that the independent variables selected in this model have the power to explain the dependent variable by 45%, which means the results generated through this study can be given importance accordingly in the oil and gas sector of Pakistan. The explanatory variables were identified from the prior literature and then their impact on dividend payout ratio was studied. Implications/Originality/Value: It is evident from the results of the study that management can take necessary steps to formulate a mutually beneficial dividend policy that can enhance the strength and effectiveness of these explanatory variables to enforce a dividend policy that fulfils the expectations of both the investors and the company. The investors can also evaluate different factors that might have an impact on dividend distribution and they can also get the ability to determine dividend payout ratio which made the basis for decision making for investment in the given sector.

Strategic perspectives of the oil and gas sector industrial development

The authors study oil and gas industry, its condition and perspective trends of industrial development. One of them involves applying low carbon and low cost technologies. The authors introduce new strategic imperatives in oil and gas sector to perform energy transition. They study the types of categories of perspective trends of the industry’s development: scaling up the development and implementation of a carbon capture and storage system, using low carbon raw materials, making it possible to take granular measurements. The article deals with perspectives of the oil and gas industry for the current year. The perspectives are built with the consideration of the previous year’s indicators and include all the past disasters and the dynamics of their solution and the results for the society. The authors show wider implementation of drones used for abnormal emissions of hydrogen sulfide to carry out distant monitoring, observations, inspections and preventive maintenance, change tracking, methane management, emergency response and material processing. The article describes precision drilling which reduces the risk of accidents, oil spills, fires and increases rate of penetration. The authors present microwave hydraulic fracturing which can become the next significant achievement in the perspective development of the industry.

Bezpieczeństwo ekonomiczne Republiki Azerbejdżanu w okresie transformacji gospodarczej lat dziewięćdziesiątych XX w.

The purpose of this article is to assess the level of economic security of the Republic of Azerbaijan during the economic transformation of the 1990s. The analyzed period was divided into two stages: the transformation crisis (1992–1995) and economic stabilization and recovery (1996–2000). The strengths and weaknesses of the resource state were also discussed. The analysis showed that the economic policy of Gaidar Aliyev and the choice of the raw material model of the economy allowed to stabilize the economy in the second half of the 1990s and to initiate a period of economic growth. Thanks to the implemented reforms and investments in the oil and gas sector, the level of economic security in Azerbaijan has increased. The low standard of living of the citizens remained an unresolved problem. Moreover, the growing dependence of the state on the production and sale of oil became a challenge for the economic policy of the Azerbaijani authorities in the following years.

Evaluation of Oil and Gas Economy using Economics Profit Indicators and Prototype Macro VBA Excel

The oil and gas sector is an important factor in sustainable development, so it is considered necessary to make serious changes in conducting economic analysis on the oil and gas business. Oil and gas industry activities consist of upstream activities, and downstream activities. Activities in these upstream and downstream operations have high risk, high costs and high technology, so the company continuously tries to reduce the importance of the adverse impact of these risks on the work environment and people. Thus, evaluating the factors that affect sustainable production in this sector becomes a necessity. In this research will be evaluated the economy of the oil and gas field using methods of economic indicators, among others; NPV, POT, ROR, where these factors are estimated in order to be able to estimate the prospects of the oil and gas field so that the decision that the field development project can be implemented or cannot be taken immediately. Implementation of oil and gas field economic evaluation in this study using Macro VBA Excel. From several methods of economic analysis obtained that the results of this study show high precision compared to other methods, in addition to the way of evaluation using the above economic indicators is very popular.

Oil will drive record Guyana growth again in 2022

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

Skill-relatedness and employment growth of firms in times of prosperity and crisis in an oil-dependent region

Many studies have shed light on the positive side of relatedness, but little attention has yet been devoted to possible downsides of relatedness for firm performance in regions. We found in a case study of the oil-dependent Stavanger region in Norway that plants in industries that are skill-related to the dominant oil and gas industry showed lower employment growth than plants in other industries. This was the case both in the boom and the crisis periods, even when controlling for supply linkages to the oil and gas sector. However, we also found that plants skill-related to the oil and gas industry increased their relative performance during the crisis to some degree, but they did not outperform the non-skill-related plants during the crisis.

Impact of changes in economic pressures on the activities of foreign oil and gas companies in Venezuela

The article discusses several new laws in the oil and gas sector of Venezuela, which appeared at the beginning of the 21st century. It also presents the tax regimes in this area of the country and the types of tax and economic burdens that apply to these regimes; highlights the main problematic aspects of changes in tax legislation and the consequences on the activities of foreign companies and the development of the oil and gas sector of the country as a result of such changes. It is concluded that the increase in state revenues not solve the problem of attracting investments in the oil and gas sector of the country, and only scare off a large company in the future (Exxon Mobil and ConocoPhillips have left the Venezuelan market), resulting in a fall in production at the country, its government revenues, and then slowing down economic growth in the country. As an alternative approach to improving state regulation and the conduct of the oil business in the country, the options for improving this situation are presented: to increase the share of foreign companies in strategic partnerships; review the tax system for oil companies; allow some programs to be implemented directly by foreign companies; and propose new distribution and profitability schemes that will adapt to the current international hydrocarbon market.

Methane Emission Estimation of Oil and Gas Sector: A Review of Measurement Technologies, Data Analysis Methods and Uncertainty Estimation

The emission estimation of the oil and gas sector, which involves field test measurements, data analysis, and uncertainty estimation, precedes effective emission mitigation actions. A systematic comparison and summary of these technologies and methods are necessary to instruct the technology selection and for uncertainty improvement, which is not found in existing literature. In this paper, we present a review of existing measuring technologies, matching data analysis methods, and newly developed probabilistic tools for uncertainty estimation and try to depict the process for emission estimation. Through a review, we find that objectives have a determinative effect on the selection of measurement technologies, matching data analysis methods, and uncertainty estimation methods. And from a systematic perspective, optical instruments may have greatly improved measurement accuracy and range, yet data analysis methods might be the main contributor of estimation uncertainty. We suggest that future studies on oil and gas methane emissions should focus on the analysis methods to narrow the uncertainty bond, and more research on uncertainty generation might also be required.