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Wyld, Irene, and Bruce Godfrey. "RESEARCH WITH A PURPOSE IN THE AUSTRALIAN PETROLEUM INDUSTRY." APPEA Journal 34, no. 1 (1994): 373. http://dx.doi.org/10.1071/aj93034.
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Research—defined broadly as any activity in the concept to delivery continuum—is critical to the success of the present thrust for development of a competitive Australia. It provides the key to maintenance of existing competitive advantages, and the development of new competitive advantages both within Australia and in export markets. Nowhere is this more important than in the Australian petroleum industry (oil and gas). This industry contributes in the order of $10 billion annually to Australia's balance of trade. Yet until recently little research has been undertaken by Australian petroleum companies to support their exploration and production activities here.There is now recognition by Australian petroleum companies that research must be undertaken by them to support access to prospective areas, enhance exploration success, maximise production and minimise environmental damage. The contribution which research can make to the growth of the industry will only accrue if that research is targeted on priorities which meet the short, medium, and long-term needs of the industry. To define these priorities APEA, working in conjunction with ERDC, has produced a research and development strategy for the Australian upstream petroleum industry.The priorities resulting from this process cover the areas of exploration, production efficiencies, reservoir management, environmental effects and safety. Implementation of the strategy is occurring via ajoint Petroleum R&D Committee. ERDC's role in this process is to manage its investment in the projects resulting from the strategy to maximise the chances of successful implementation of the outcomes for the benefit of the industry and Australia.
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O'Callaghan, Tim. "Intellectual property in the petroleum production and exploration sector—the other hidden asset." APPEA Journal 55, no. 2 (2015): 447. http://dx.doi.org/10.1071/aj14082.
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According to IBISWorld (2013), 7.7% of Australia’s A$11 trillion assets are natural resources and 5.4% is intellectual property. Despite this intellectual property is overlooked as a valuable asset in the oil and gas industry. As the means of extraction become more complex, the methods and tools needed for the purpose can give one company an edge over another. Intellectual property rights help to protect that competitive advantage. Companies need to have a strategy for the early identification, management and protection of this asset. Customers, contractors and joint venture partners can create intellectual property ownership issues that must also be identified and properly managed. This extended abstract provides: a framework for establishing a robust intellectual property management strategy for companies in the exploration and production sector; identification of key intellectual property assets of businesses in the sector; a review of industry specific challenges, such as the requirement under WA’s Petroleum and Geothermal Energy Resources (Environment) Regulations 2012 to disclose trade secrets and commercially sensitive material about downhole substances; and, consideration of model agreements used in the sector, such as the AMPLA Model Petroleum Exploration Joint Operating Agreement.
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Alexander, Elinor, and Alan Sansome. "Shaping the Cooper Basin's 21st century renaissance." APPEA Journal 52, no. 2 (2012): 690. http://dx.doi.org/10.1071/aj11104.
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The Department of Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) SA has been successfully using competitive acreage releases to manage highly prospective Cooper Basin acreage since 1998. The expiry of long-term exploration licenses enabled the most significant structured release of onshore Australian acreage in the industry’s history—it has generated: 32 petroleum exploration licences (PELs) from ~70,000 km2 acreage; $432 million in guaranteed work program bids; 70 new field discoveries; $107.6 million royalties and $1.4 billion sales;and, increased gas supply-side competition. Cooper acreage turnover has also changed the makeup of Australia’s onshore exploration industry from numerous company-making discoveries. Since 1998, 10 acreage releases have been staged, enabled by the Petroleum Act 2000 (now the Petroleum and Geothermal Energy Act 2000), conjunctive agreements with Native Title claimants, access to multiple-use Innamincka and Strzelecki Regional Reserves, and transparent application and bid assessment processes. Despite delays, most recently due to flooding, all but three of the original PELs are in their second term and relinquished acreage has been incorporated into subsequent releases. All work-program variations have been kept above the second bid score (except one, where the second ranked bidder was consulted and approved the change) preserving bidding system integrity. DMITRE is planning new Cooper Basin acreage releases while contemplating acreage management options for emerging unconventional plays. Industry input to map the best possible future for the SA Cooper Basin continues to be welcomed.
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Lewis, David. "Taxation aspects of climate change management measures." APPEA Journal 50, no. 1 (2010): 253. http://dx.doi.org/10.1071/aj09015.
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Climate change is undoubtedly one of the greatest economic, social, and environmental challenges now facing the world. The present Australian Government is committed to acting on climate change and Australia’s progress towards its emissions reduction targets is being closely watched internationally. To contribute effectively to global climate change action, Australia must demonstrate its ability to implement robust and sustainable domestic emissions management legislation. The Carbon Pollution Reduction Scheme (CPRS), modelled after the cap-and-trade system, continues to be debated by our policymakers, as the Government moves to re-introduce its preferred CPRS legislative package for the third time. The advent of climate change legislation is inevitable and its impact will be far-reaching. This paper reviews the fiscal aspects of the proposed CPRS legislation in the context of the oil and gas industry, and whether it is conducive to creating incentives for appropriate climate change response by the industry. In particular, this paper will consider: the direct and indirect tax features specifically covered in the proposed CPRS legislation and their implications; the areas of taxation that remain uncanvassed in the proposed CPRS legislation and aspects requiring clarification from the tax administration; the interaction between Petroleum Resource Rent Tax (PRRT) and the CPRS measures; the flow-on impacts to taxation outcomes resulting from proposed accounting and financial reporting responses to the CPRS legislation; the income tax and PRRT treatment of selected abatement measures; and, elements of a good CPRS tax strategy and compliance action plan.
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Morita, Ichiro, Akio Sasagawa, Kenji Oka, and Garrey Maxwell. "MARINE ENVIRONMENTAL GEOGRAPHIC INFORMATION SYSTEM (MEGIS) DEVELOPMENT FOR JAPAN." International Oil Spill Conference Proceedings 1997, no. 1 (April 1, 1997): 485–91. http://dx.doi.org/10.7901/2169-3358-1997-1-485.
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ABSTRACT A response management system for accidents, such as oil well blowouts and oil spills at sea, is being developed by the Safety and Environment Center for Petroleum Development (SEC) under the supervision of the Ministry of International Trade and Industry (MITI) of Japan. The 5-year program, which is designed to minimize environmental damage in the event of an oil spill, commenced in 1992. The system, known as the Marine Environmental Geographic Information System (MEGIS), consists of five subsystems: (1) detection and monitoring, (2) oil and pollution spill trajectory prediction by computer simulation, (3) contingency planning for response and cleanup operations, (4) a communication and information network of all responsible agencies and participants, and (5) a geographic information system.
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Roth, Victoria. "Incorporating unconventional and renewable energy into the international energy framework: the diminution of OPEC in a new energy world order." Journal of World Energy Law & Business 13, no. 1 (March 1, 2020): 68–80. http://dx.doi.org/10.1093/jwelb/jwaa008.
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Abstract Nearing its 60th anniversary of foundation, the once unchallenged Organisation of Petroleum Exporting Countries (OPEC) faces a modern diminution of influence. This slipping grip of near-hegemonic control exerted over the petroleum industry, is partly reflective of the rising influence of unconventional energy sources, the rising popularity for alternative and renewable energy sources and a downstream consequence of its own exertion of power. With rising international demand for renewables as a means to provide global energy security, the role of the state remains paramount in meeting energy demands. The international framework falls short of enabling a framework that brings renewable energy past its domestic dependency and into an internationally traded commodity. Following the 1973 embargo against the USA, OPEC inadvertently spurred on the need for a diversified market of energy production to ensure global energy security free from the whims of oligarchic groups. The subsequent investment into alternative energy, including the rising technological advancements made in areas such as horizontal and seismic imaging technology (or, ‘fracking’), has led to the diversification of energy production sources and lessened reliance on external importers by the American energy consumption powerhouse. The lessening reliance on OPEC has had a consequential impact on the unofficial head of the organization, Saudi Arabia. From the proposed initial public offering of Saudi Aramco to Vision 2030, all signs point to looming economic troubles for the petroleum dependant state without adequate, and effective, diversification.
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Iheukwumere, Emmanuel, David Moore, and Temitope Omotayo. "Investigatingthe challenges of refinery construction in Nigeria: A snapshot across two-timeframes over the past 55 years." International Journal of Construction Supply Chain Management 10, no. 1 (July 31, 2020): 46–72. http://dx.doi.org/10.14424/ijcscm100120-46-72.
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he sub-optimal performance of state-owned refineries in Nigeria has led to a significant gap in the supply of refined petroleum products (RPPs) in the country. More so, the growing demand for these products has further widened the gap to the range of 500,000 –600,000 barrels per day (bpd). Consequently, most of the imports for RPPs in Nigeria are being filled from the United States and North-Western Europe at the expense of the Nigerian economy. However, given the abundance of petroleum resources in Nigeria and its long history in the production of oil, it is unfortunate that the local refineries are hardly maintained to meet the needs of the local population. In addition, the inability of the Nigerian state to build additional refining capacity to cushion its domestic supply gap for RPPs has become a major concern. With more than 40 licenses issued to private companies since 2002, only two companies (Niger Delta Petroleum Resources Refinery and Dangote Oil Refinery) have made noticeable progress in new refinery construction.This paper is focused on investigating the current challenges of refinery construction in Nigeria. This is done with a view of comparing the drivers and enablers of productivity in construction in this sector during the period of 1965 –1989 and how they differ from the current period of 2000 -2019 in Nigeria.A systematic literature review within the academic journals, source documents from the industry, relevant interviews from published news media and consulting organisations were used to identify and categorise these challenges. The findings of this study were validated by interviews from experts across key industries in this sector.The study reveals that change of ownership structures from the government sector to the private sector between the two eras, present additional challenges. These challenges cut across availability of capital, inconsistent government priorities and access to land for construction. Others include cronyism and corruption, weak political will, unstructured refinery licensing scheme, security challenges and economic factors regarding the regulated downstream market inNigeria. Key recommendations proffered to help solve these problems include a private sector-led partnership with the government in the form of public private partnerships (PPPs), a review of existing methods for licensing refineries for private organisations, the development of local manpower with relevant technical skills to help lower the cost of expatriate labour and the establishment of more designated clusters as free trade zones within the oil-producing Niger Delta. These recommendations will help lower the entry barriers for private organisations in this sector
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Izadi, Mehdi. "Technology Focus: Heavy Oil (April 2022)." Journal of Petroleum Technology 74, no. 04 (April 1, 2022): 69–70. http://dx.doi.org/10.2118/0422-0069-jpt.
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Heavy oils are characterized by high density, high viscosity, and high-heavy-fraction components. Because of high viscosity and lower API gravity than conventional crude oil, primary recovery of some of these crude oil types requires thermal stimulation of the reservoirs. Most of the technologies that deal with heavy oil need to address the mobility ratio or viscous forces before any flooding. In general, poor recovery is caused by physical reasons or geological reasons. Physical reasons can be categorized as capillary forces (existence of the interfacial tension between oil and water, wettability) or viscous forces (high mobility ratio between water and oil). Geological reasons are heterogeneities in reservoir rock and exist in all petroleum oil systems. In heavy oil reservoirs, enhanced oil recovery (EOR) intends to reduce the capillary forces and interfacial tension to improve microscopic displacement efficiency or improve the sweep efficiency (macroscopic) by reducing the mobility ratio between injected fluid and displaced fluid. Improving the mobility ratio is achieved by increasing the viscosity of water using polymers or by reducing the oil viscosity using heat. In general, all technologies need to address the capillary and viscous forces to improve oil recovery. Paper SPE 207361 discusses improving of the efficiency of the flood by near-wellbore conformance and improving the vertical sweep efficiency. The use of fiber-optic sensors, as addressed in paper SPE 199023, is intended to gather better data and avoid misinterpretation during falloff tests and injectivity tests. Traditionally, for heavy oil EOR simulation, because of the addition of chemical species or heat to the flow equations as well as the need for a finer grid resolution, the use of the full-field model in most cases was limited and the use of sector models and local grid refinement to obtain a reasonable accuracy has been applied in the industry. Sector modeling conditions must be satisfied to establish the reliability and the trade-off between accuracy (sector models) and computational expediency (full-field model). Recent development of hardware and software [graphics-processing-unit (GPU) -based simulators] has provided the industry with the tools to achieve a full-field model simulation in most fields by taking advantage of GPU solvers and using a fine-grid model to predict full-field performance. Recommended additional reading at OnePetro: www.onepetro.org. SPE 200279 - Field Application of the Autonomous Inflow Control Device for Optimized Heavy Oil Production in South Sultanate of Oman by Ali Al-Jumah, Petroleum Development Oman, et al. SPE 203012 - More Oil and Less Water: Autonomous Inflow Control Devices in New and Old Producers in Heavy Oil Fields From South of Oman by Ameera Al Harrasi, Petroleum Development Oman, et al. SPE 207684 - Game Changer in Dealing With Hard Scale Using a Slickline Torque Action Debris Breaker by Mahmoud Mohamed Koriesh, Dragon Oil, et al.
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Zanbouri, Kouros, Mostafa Razoughi Bastak, Seyed Alizadeh, Nima Jafari Navimipour, and Senay Yalcin. "A New Energy-Aware Method for Gas Lift Allocation in IoT-Based Industries Using a Chemical Reaction-Based Optimization Algorithm." Electronics 11, no. 22 (November 16, 2022): 3769. http://dx.doi.org/10.3390/electronics11223769.
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The Internet of Things (IoT) has recently developed opportunities for various industries, including the petrochemical industry, that allow for intelligent manufacturing with real-time management and the analysis of the produced big data. In oil production, extracting oil reduces reservoir demand, causing oil supply to fall below the economically viable level. Gas lift is a popular artificial lift system that is both efficient and cost-effective. If gas supplies in the gas lift process are not limited, a sufficient amount of gas may be injected into the reservoir to reach the highest feasible production rate. Because of the limited supply of gas, it is essential to achieve the sustainable utilization of our limited resources and manage the injection rate of the gas into each well in order to enhance oil output while reducing gas injection. This study describes a novel IoT-based chemical reaction optimization (CRO) technique to solve the gas lift allocation issue. The CRO algorithm is inspired by the interaction of molecules with each other and achieving the lowest possible state of free energy from an unstable state. The CRO algorithm has excellent flexibility, enabling various operators to modify solutions and a favorable trade-off between intensification and diversity. A reasonably fast convergence rate serves as a powerful motivator to use as a solution. The extensive simulation and computational study have presented that the proposed method using CRO based on IoT systems significantly improves the overall oil production rate and reduces gas injection, energy consumption and cost compared to traditional algorithms. Therefore, it provides a more efficient system for the petroleum production industry.
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Chandran, Suresh, and Murugan Anandarajan. "Decision Support System for Selecting Sustainable Alternatives to Conventional Jet Fuel: Impact of Emissions, Production Costs and Carbon Pricing." Journal of Management and Sustainability 10, no. 1 (March 3, 2020): 83. http://dx.doi.org/10.5539/jms.v10n1p83.
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The United States Environmental Protection Agency (EPA) in June 2015, took a step toward regulating carbon emissions from airlines, following an assessment that airlines contribute to climate change. On July 25, 2016, the final endangerment finding (Note 1) under section 231(a) (2) (A) of the Clean Air Act for aviation emissions was issued by the EPA. The European Union had issued a similar finding previously and had proposed implementing an emission trading scheme in which the airlines would be required to participate in a cap and trade scheme for emissions from jet fuel. Traditional jet fuel is derived from petroleum, whose price is volatile and depends on geopolitical stability. Fuel burn is a significant cost for airlines and affects their profitability and value. Fuel burn is also a significant source of greenhouse gas emissions. An investigation of alternatives to jet fuel and switching from conventional jet fuel based on varying emission profiles, production costs and varying carbon prices is therefore timely. We use a simple decision support system to examine the link between the life-cycle greenhouse gas emissions of a range of fuels, economic costs of production and varying carbon prices. This analysis should be of interest to regulators, traders, risk managers and executives in the airline industry as well as practitioners of sustainability management.
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Wee, Kenneth. "Contemporary fiscal issues impacting M&A in the oil and gas sector." APPEA Journal 52, no. 1 (2012): 149. http://dx.doi.org/10.1071/aj11011.
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Ongoing growth in deal activity in the oil and gas industry is one of the critical forces underpinning the sustained robustness of the Australian economy. Australian oil and gas assets continue to attract significant international interest and are actively pursued by global and domestic investors alike. On the supply side, exploration players are seeking the necessary funding and technical support to commercialise prospective oil and gas discoveries, while on the demand side, major established oil and gas companies are seeking to acquire viable targets as a means of rapidly replenishing their reserves. Consequently, merger and acquisition (M&A) deals and asset trades have become a regular feature of the corporate oil and gas scene in Australia. In time to come, a wave of industry consolidation is likely to emerge. This paper discusses key fiscal aspects of M&A transactions, as affected by recent developments in the Australian taxation landscape, and their impact on the overall economics of, and extracting value from, an investment in the oil and gas sector, including: the taxation of farm-in/farm-out arrangements, asset swaps and carry arrangements; structuring the deal consideration for fiscal efficiency; takeover and acquisition vehicle structures; the M&A issues associated with the extension of the Petroleum Resource Rent Tax (PRRT) to the onshore oil and gas industry; consideration associated with capital management, capital structure and financing trends for the industry; exit and repatriation routes—do all roads lead to tax?; managing transaction costs; and, managing tax risks in M&A deals.
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Boschee, Pam. "Comments: Shattering Crystal Balls." Journal of Petroleum Technology 73, no. 11 (November 1, 2021): 8–9. http://dx.doi.org/10.2118/1121-0008-jpt.
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Begin a conversation about jobs in the oil and gas industry with people employed in the sector, or who have left their jobs voluntarily or involuntarily, and then settle in for a lengthy (maybe even heated) discussion of the pros and cons. Job availability, compensation, working conditions, opportunities for advancement, and work/life balance all come into play. But what does the employment in our industry look like after the tumultuous past 18 months? The US Department of Labor report released in early October showed the total of the monthly incremental increases since January 2021 was 7,400 in September, bringing the number of people employed in the US oil and gas industry from 133,000 to 140,400. This is nearly back to the level seen at the end of 2019 (142,500) but nowhere near the peak of October 2014 when nearly 201,000 people were employed (Table 1). The reasons for the lower levels of employment are many, among the most glaring are the industry downturns in 2016 and another in 2020 because of the global effects of the pandemic. As SPE President Kamel Ben-Naceur writes this month, the downturns brought with them a pullback in upstream spending of 26% in 2016 and 31% last year. As a result, cost cutting included the cancellation or delay of capital projects, selling of assets, and mergers and acquisitions to wring out savings wherever possible, ultimately also cutting headcounts. Also playing a significant role are technological advances and efficiency gains achieved in the things that make our industry hum. For example, automation of equipment such as rigs and the remarkable leaps in digitization in all functions, be it monitoring, modeling, or data interpretation and analysis. All disciplines have been touched by these advancements. And it cannot be ignored that retirements and attrition also contributed to the numbers, many of which were decisions made as the downturns took their toll. Fig. 1 shows the most recent breakdown of the 10 occupations accounting for the most employees in the oil and gas sector (May 2020). The numbers total 56,060, accounting for 44% of the total shown in the table for the same month (133,100). Leading the tally are petroleum engineers, accountants and auditors, and wellhead pumpers. While the numbers may have changed since May 2020, the graph serves as an indicator of the roles sustaining the industry. Providing another comparison, Fig. 2 shows the changes in industry employment globally. Even though the collection of the data may not have used the same criteria as the US Bureau of Labor, the figure shows the comparative decreases in 2021 compared with 2019. Is it realistic to think the peak could be seen again? For all industries, the dynamics of unexpected change and the need for quick adaptation are often unpredictable. No one predicted the global effects the pandemic would bring upon people, business, and trade, or how long they would linger. Many crystal balls were cloudy or shattered. The global move to cleaner energy sources to meet climate goals also affected the types of employment. As the transition progresses, it remains to be seen how roles will shift or change along with business strategies. Demand remains strong and the levels of investment low. The foreseeable short-term (possibly longer?) supply/demand imbalance also provides possibilities for roles in managing demand to ensure energy security, upskilling, and digital, among others. So, back to the question: Is it realistic to think the peak of 2014 could be seen again? Perhaps as the industry’s settling in for the long haul (if that is possible) continues, the types of jobs will change and a peak of employees in the “energy” industry will achieve or bypass the historical peak. Disclaimer: My crystal ball offers no more clarity in prognostications than others.
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Bowie, Russell R. "ENVIRONMENTAL MANAGEMENT AND THE PETROLEUM INDUSTRY." APPEA Journal 33, no. 1 (1993): 395. http://dx.doi.org/10.1071/aj92030.
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Moss, Diana L. "The Petroleum Industry, Merger Enforcement, and the Federal Trade Commission." Antitrust Bulletin 53, no. 1 (March 2008): 203–31. http://dx.doi.org/10.1177/0003603x0805300112.
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Jan�en, Onno, and H. Thomas Feuerhelm. "Measurement uncertainty and trade: an example from the petroleum industry." Accreditation and Quality Assurance 8, no. 12 (December 1, 2003): 576–78. http://dx.doi.org/10.1007/s00769-003-0687-8.
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Rykunova, T. "Trade and investment opportunities in the petroleum industry of Russia." Chemistry and Technology of Fuels and Oils 31, no. 3 (March 1995): 99–103. http://dx.doi.org/10.1007/bf00723924.
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Hartwell, John. "2009 Release of offshore petroleum exploration acreage." APPEA Journal 49, no. 1 (2009): 463. http://dx.doi.org/10.1071/aj08030.
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John Hartwell is Head of the Resources Division in the Department of Resources, Energy and Tourism, Canberra Australia. The Resources Division provides advice to the Australian Government on policy issues, legislative changes and administrative matters related to the petroleum industry, upstream and downstream and the coal and minerals industries. In addition to his divisional responsibilities, he is the Australian Commissioner for the Australia/East Timor Joint Petroleum Development Area and Chairman of the National Oil and Gas Safety Advisory Committee. He also chairs two of the taskforces, Clean Fossil Energy and Aluminium, under the Asia Pacific Partnership for Clean Development and Climate (AP6). He serves on two industry and government leadership groups delivering reports to the Australian Government, strategies for the oil and gas industry and framework for the uranium industry. More recently he led a team charged with responsibility for taking forward the Australian Government’s proposal to establish a global carbon capture and storage institute. He is involved in the implementation of a range of resource related initiatives under the Government’s Industry Action Agenda process, including mining and technology services, minerals exploration and light metals. Previously he served as Deputy Chairman of the Snowy Mountains Council and the Commonwealth representative to the Natural Gas Pipelines Advisory Committee. He has occupied a wide range of positions in the Australian Government dealing with trade, commodity, and energy and resource issues. He has worked in Treasury, the Department of Trade, Department of Foreign Affairs and Trade and the Department of Primary Industries and Energy before the Department of Industry, Science and Resources. From 1992–96 he was a Minister Counsellor in the Australian Embassy, Washington, with responsibility for agriculture and resource issues and also served in the Australian High Commission, London (1981–84) as the Counsellor/senior trade relations officer. He holds a MComm in economics, and Honours in economics from the University of New South Wales, Australia. Prior to joining the Australian Government, worked as a bank economist. He was awarded a public service medal in 2005 for his work on resources issues for the Australian Government.
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Matanat Dadashova, Muslumat Allahverdiyeva, Sekine Huseynova,. "Improvement of the Regulatory Framework of Regulation of Transnational Business in Azerbaijan." Turkish Journal of Computer and Mathematics Education (TURCOMAT) 12, no. 6 (April 5, 2021): 1369–79. http://dx.doi.org/10.17762/turcomat.v12i6.2481.
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Though formation of the transnational business is based on common principles, this process appears in a specific form in various countries. Transnational business is different depending on the structure of the economy, the level of socio-economic development, organizational and management structure, national-ethnic characteristics, and the level of development of the state in various countries. At the same time, creating and justifying the fact that big, fast-growing and concentrated national companies are ranked in the rankings as TNB (transnational business) is one of the issues within the interest of state and economic science. Upon the Contract of the Century signed in September 1994, Azerbaijan has subsequently signed the production sharing agreements (PSAs) on “Garabakh”, “Dan ulduzu” and “Ashrafi” fields. The biggest TNBs, such as BP, Amoko, Penzoil and Unocal, have their share in oil fields from Azerbaijan. Up to 70% of all investments in the Azerbaijani economy are invested in the oil industry, about 80% of which is imposed by the foreign TNBs. This figure indicates that the TNB has a great role in the economy of Azerbaijan.
TNB has both positive and negative impacts on the economy of Azerbaijan. As Azerbaijan’s transnational business develops, various problems also arise. For instance, the problems between the TNB and the Azerbaijan Trade Unions Department, the problems between Britis Petrolium and the Azerbaijan Government, etc. The problems they face with the host countries have begun to show itself in Azerbaijan too. Transnational business regulation is a very urgent issue over the world. The scientists have increasingly investigated the legal aspects of the TNB regulation. This article is dedicated to the actions that are being taken and important to be taken to regulate transnational business at the state level in the Republic of Azerbaijan, and the regulation methodology is proposed.
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Huang, Xin, and Nan Jun Lai. "WTO Accession Brings Opportunities, Challenges to CNOOC and Corresponding Countermeasures." Advanced Materials Research 433-440 (January 2012): 1492–96. http://dx.doi.org/10.4028/www.scientific.net/amr.433-440.1492.
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China join in WTO means that China petroleum industry will be integrated into economic globalization also means that China petroleum industry will have a direct impact by market competition. As being Chinese’s largest offshore oil and gas producer, China National Offshore Oil Corporation must take active measures to deal with the opportunities and challenges brought by joining the World Trade Organization.
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Shaallan, Dr Hisham Yas. "Economic Feasibility Study for Petroleum Projects (Practical Aspects)." Journal of Petroleum Research and Studies 3, no. 1 (May 6, 2021): 26–47. http://dx.doi.org/10.52716/jprs.v3i1.62.
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An increasing importance is given to the Economic Feasibility Study of Petroleum Projects. The reason behind that is the critical role played by the Petroleum Industry in Society, Economy and Foreign Trade. In general, Petroleum Industry is involved with the Exploitation of Oil and Gas Resources to satisfy the country's needs (households and industrial sectors) and to export these resources, in order to, gain foreign currencies which are necessary for
funding the country's social and economic requirements. Petroleum Projects have diversity features in terms of location, size, capital, technology and risks. On the Other hand, because of the importance of the Petroleum Industry, high significance should be given to the Economic Feasibility Study, especially the necessary of good knowledge of the nature of Petroleum Activities, Projects and Contracts, as well as the fundamentals of Advanced Feasibility Study.
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Niven, K., and R. McLeod. "Offshore industry: management of health hazards in the upstream petroleum industry." Occupational Medicine 59, no. 5 (July 16, 2009): 304–9. http://dx.doi.org/10.1093/occmed/kqp076.
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Khodabakhshzadeh, Saeed, Taghi Khodabakhshzadeh, Soodeh Khodabakhshzadeh, and Iman Tahamtan. "Knowledge Management in the Petroleum Industry of Iran." Journal of Information & Knowledge Management 13, no. 02 (June 2014): 1450016. http://dx.doi.org/10.1142/s0219649214500166.
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Knowledge managements (KM) increases the capability of organisations and companies in today's competitive environment. It is important that managers in petroleum companies proactively prepare their organisations and its members as they begin to implement KM systems. Then, as the first step, they should assess their organisations' readiness for KM implementation. Therefore, in this paper, we chose Iran as one of the main petroleum producers in the world to study the readiness of National Iranian Oil Company for KM implementation. A questionnaire survey was conducted in the company, based on stratified random sampling technique. The paper investigated the readiness of five variables including, management support, organisational culture, IT infrastructure, human resources and organisational structure for KM implementation in the company. Results revealed that the company lacked the necessary readiness to successfully implement KM. One way Analysis of Variance (ANOVA) results indicated that there was a significant difference between the readiness levels of five KM variables. IT infrastructures and organisational structure were in higher readiness to implement KM in the company, followed by management support, human resources and organisational culture, respectively. Top management should plan to reduce weaknesses and implement a proper KM system in the company.
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Asrilhant, Boris, Tania Tisser Beyda, and Luiz Fernando Alves da Rocha. "Understanding Mega Project Management in the Petroleum Industry." International Journal of Advances in Management Science 6 (2017): 6. http://dx.doi.org/10.14355/ijams.2017.06.002.
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Andersen, Arthur T., and T. Crawford Honeycutt. "Management motives for takeovers in the petroleum industry." Review of Industrial Organization 3, no. 2 (June 1986): 1–12. http://dx.doi.org/10.1007/bf02230835.
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ILCHENKO, S. V., and А. V. KENS. "INSTITUTIONAL INSTRUMENTS FOR ECO-FOCUSED WATER TRANSPORT DEVELOPMENT." Economic innovations 24, no. 1(82) (March 20, 2022): 74–89. http://dx.doi.org/10.31520/ei.2022.24.1(82).74-89.
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Topicality. In recent years, there has been increasing pressure on the marine and riverine environment due to increasing volumes and globalization processes in international trade. This situation has the effect of increasing the negative impact on the dynamics of the natural aquatic environment quality by increasing oil spills, emissions of chemicals and other harmful substances, air pollution and the indirect impact of these processes on water resources, waste disposal, noise and radioactive load. The forecast assessment of the dynamics of the world economy shows a gradual increase in the volume of shipping due to the increase in the world's population and consumption. Enhanced use of water basins requires new innovative management initiatives with the development of tools to ensure the ecological sustainability of marine and river ecosystems, taking into account the threats and risks of their introduction to the environment. The peculiarity of protecting the marine and riverine environment from navigation is that ships do not always operate within the flag state, and the further the ship moves away from it, the less the state has the opportunity to rely on traditional sovereignty within its jurisdiction. Involvement of many stakeholders in the process of water transport, lack of full autonomy of the flag state to regulate the activities of the ship outside its jurisdiction requires the development of methodological approaches and practical measures to develop ways and methods of institutional and organizational impact on ships based on international requirements. and standards. Aim and tasks. The purpose of the article is to analyse the existing and potential institutional resources for the prevention of technogenic threats from shipping and the development of water transport on the basis of eco-focused. Research results. It has been confirmed that at the present stage of economic development transport plays a leading role, as it is an important part of industry, consumption, agriculture. Water transport is responsible for the majority of international traffic, which results in negative consequences of its work. It is known that any type of transport, including maritime, is one of the biggest polluters of the environment, but the vital needs of mankind should not be met by future generations. Solving environmental issues is a relatively new direction in the science of management, however, in recent decades many countries have joined this practice, focusing on scientific support of programs and plans against global change, which affect not only marine and river biocenoses, but also have consequences in the form of a shift in the ecosystem framework of the entire planet. The activity of water transport is slowly growing in its scale and consequences, which requires more attention from government agencies, which should join international initiatives to obtain a positive result from environmental activities and increase the authority of the state. In addition, the aquatic environment is usually the area of interest of different countries and different stakeholders, being a transboundary area, which should take into account not only the interests and needs of different countries, but also form a single legal basis for economic, environmental and recreational activities within marine and river borders. Conclusion. The paper examines and analyses the existing organizational and legislative precautionary tools to reduce technogenic pollution of the marine and river environment, investigates measures for the treatment of ballast water and developed an algorithm for their management; an analysis of possible precautionary measures against the impact of air pollution, garbage, oil and petroleum products on the quality of the aquatic environment and proposed a number of precautionary measures; conceptual provisions for the formation of a national action plan for ballast water management have been developed. Conceptual provisions for the formation of state organizational and institutional support for the treatment of ballast water by methods of preventive protection on the basis of updated management tools, economic feasibility and environmental orientation; developed scientific and applied substantiation of regulatory and coordination approaches based on economic feasibility, focused on the balanced development of aquatic ecosystems and environmental safety of navigation.
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Trotman, Paul. "2021 Offshore petroleum exploration acreage release." APPEA Journal 61, no. 2 (2021): 291. http://dx.doi.org/10.1071/aj20191.
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In 2020, the liquefied natural gas (LNG) trade saw a modest increase of 1%, which is in contrast to the strong growth of previous years. Recently, the global LNG trade has picked up following the easing of impacts from the pandemic and demand growth in Asia. An increase of 6% in the global LNG trade is expected in 2021 and 2022. Domestic demand for gas remains high, with gas being used both for residential supply and also as an essential feedstock for the manufacturing industry. With a projected domestic gas shortfall, the future exploration and development of oil and gas will play a key role in ensuring access to secure, reliable and affordable energy in the future as well as assisting economic recovery from the pandemic. The importance of remaining an attractive investment destination is essential. Our challenge is to not only strike the balance of being agile and adaptive to market disruptions but also provide robust policy and regulatory frameworks to underpin future investment in the sector. Against this backdrop, this paper provides details of the 2021 offshore petroleum exploration acreage release and information about the ongoing policy work of the department.
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Chen, Si-Yuan, Qi Zhang, Benjamin Mclellan, and Tian-Tian Zhang. "Review on the petroleum market in China: history, challenges and prospects." Petroleum Science 17, no. 6 (August 30, 2020): 1779–94. http://dx.doi.org/10.1007/s12182-020-00501-6.
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AbstractThe petroleum industry plays an essential role in driving China’s economic development. In the past few decades, several reforms in the petroleum industry have been implemented; however, there are still some issues that have not been resolved. Moreover, with the new-normal economy, the transition to green energy and international trade disputes, the petroleum market is also facing emerging challenges. Therefore, the purpose of the present study is to review the historical development of China’s petroleum market, identify the current challenges and propose corresponding countermeasures for future prospects. As a conclusion, five main challenges are highlighted totally, namely lack of marketization, excess oil refining capacity, high external dependency, environment pollution and unstable international trading relationship. To address these challenges, it is encouraged to deepen petroleum market reform, accelerate the elimination of inefficient refining capacity, diversify oil supply sources, as well as improve domestic petroleum enterprises’ ability to resist price risks.
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Kvach, Iryna. "The cost management approaches in trade industry." Economics ecology socium 3, no. 3 (September 30, 2019): 35–43. http://dx.doi.org/10.31520/2616-7107/2019.3.3-5.
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Introduction. The current state of financial and economic government institutions negatively affects Ukrainian budget execution, and the general trend of deterioration in the standard of living of the people, in general leads to low level of functioning of the enterprise and their competitiveness, especially in such industry as trade.
Aims and tasks. In the conditions of an unstable political and economic situation in commodity market and services to overcome disproportions between operating profit of some commodity groups of trade enterprise and its added value which indicates depreciation of the capital invested by owners not only doesn't provide compensation of investments, but also leads to losses because of inflationary processes therefore there is a need for the mutual integration of approaches of management of expenses for assessment.
Results. The practical value of application of a method of Activity-based costing (ABC) and Economic Value Added (EVA) in management of expenses not only in creation of a system of accounting of expenses, but also and predictions through new approaches for the analysis for identification of unproductive fields of activity in value creation of a product is proved, including positively influences the growth of business activity for trade enterprises.
In the field of innovative approaches the balanced system of indexes (BSI) and EVA methods harmoniously are integrated in processes of costs planning, management of them at the level of departments and in general are distributed among operation processes to responsible persons, which has a positive impact on maximizing capital cost of the enterprise.
Conclusions. Application of methods of cost management as uniform system provides chance to distribute expenses on commodity groups and to define goods which create added value gives the chance to settle the impact of minimum change of influence of a factor on commodity turnover level due to decrease of unit cost in life cycle of a product through the analysis of a point of profitability for increase in investment attractiveness.
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Lee, Yang-Seung. "Human Resource Management and Intra-Industry Trade." Journal of Korea Trade 23, no. 8 (December 31, 2019): 27–44. http://dx.doi.org/10.35611/jkt.2019.23.8.27.
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Uselton, G. C., and D. R. Fraser. "RISK AND VALUATION IN THE PETROLEUM INDUSTRY:." Managerial Finance 14, no. 1 (January 1988): 16–24. http://dx.doi.org/10.1108/eb013592.
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Yazdani, Mehdi, and Hamed Pirpour. "Evaluating the effect of intra-industry trade on the bilateral trade productivity for petroleum products of Iran." Energy Economics 86 (February 2020): 103933. http://dx.doi.org/10.1016/j.eneco.2018.03.003.
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Globerman, Steven. "North American trade liberalization and intra-industry trade." Weltwirtschaftliches Archiv 128, no. 3 (September 1992): 487–97. http://dx.doi.org/10.1007/bf02707363.
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Almadani, Basem. "Drilling Data Management in Petroleum Industry based on RTPS." Procedia Computer Science 56 (2015): 325–32. http://dx.doi.org/10.1016/j.procs.2015.07.215.
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Akinnusi, Ayo. "Forecasting in management—a case for the petroleum industry." OPEC Review 11, no. 4 (December 1987): 349–56. http://dx.doi.org/10.1111/j.1468-0076.1987.tb00057.x.
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Wang, Lei, Shenghan Gao, Shengli Chu, JiayiLi, Shuli Jin, Na Li, and Lianfang Zhang. "Artificial Intelligence (AI) Technology Assisted Emergency Management in Oil Industry." Journal of Physics: Conference Series 2025, no. 1 (September 1, 2021): 012017. http://dx.doi.org/10.1088/1742-6596/2025/1/012017.
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Abstract Emergency management is considered to be a response to the risk of major accidents and disasters, while oil companies pay more attention to the post-emergency response and post-treatment, but do not care about the whole process of emergency management. Despite not necessarily receiving the most coverage, production safety accidents caused by unreasonable emergency management have become an urgent problem in petroleum industry. As the most advanced productive force in modern society, artificial intelligence is considered to lead the future, integrate into all aspects of today’s society, and even bring about industrial revolution. With the development of science and technology, artificial intelligence has been applied to all aspects of emergency management in petroleum industry, including intelligent prevention and emergency preparedness, monitoring and early warning, emergency response and rescue, post-recovery and reconstruction. The application of artificial intelligence can not only improve the level of emergency management, reduce the cost of labor expenditure, avoid casualties of emergency management personnel and field staff, but also improve the production efficiency of enterprises and maintain the safety of production in petroleum industry. The most important thing is that AI can involve the whole process of emergency management and bring industrial upgrading to the petroleum industry.
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Scott, G. "CULTURAL HERITAGE AND THE PETROLEUM INDUSTRY." APPEA Journal 46, no. 1 (2006): 611. http://dx.doi.org/10.1071/aj05042.
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Since the introduction of the Native Title Act 1993 (Cth) and its subsequent amendment in 1998, the main focus for developing pipeline projects was on native title issues. Cultural heritage was seen as a more operational matter and not one that would affect the ability to operate or construct pipelines. With higher standards being set by the High Court for native title claimants to maintain a claim, the management of cultural heritage issues (as opposed to the protection of native title rights) are now forming a significant part of negotiations between project proponents and indigenous groups for the development of petroleum projects.State, Territory and Commonwealth legislation dealing with Aboriginal cultural heritage also provides a more immediate source of obligations on project proponents. Even when all regulatory authorities and approvals are held, this legislation can provide affected parties the ability to stop projects if proponents ignore the requirements to protect and manage Aboriginal cultural heritage.This paper briefly examines how cultural heritage issues and native title issues interact from a practical viewpoint and then goes on to provide an overview of cultural heritage legislation throughout Australia including a focus on the unique model adopted in Queensland through the introduction of the ‘cultural heritage duty of care’.This paper then provides examples of what companies will need to do to comply with statutory obligations in minimising harm to cultural heritage through examples of common inclusions in cultural heritage management plans, together with identifying issues that are often forgotten to the detriment of a project in such plans. It also points out why cultural heritage issues may need more immediate actions in comparison with native title issues for the development and construction of new petroleum projects.
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Somma, Ernesto. "Intra-industry trade in the European computers industry." Weltwirtschaftliches Archiv 130, no. 4 (December 1994): 784–99. http://dx.doi.org/10.1007/bf02707537.
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Bachmann, Robert Thomas, Anbu Clemensis Johnson, and Robert G. J. Edyvean. "Biotechnology in the petroleum industry: An overview." International Biodeterioration & Biodegradation 86 (January 2014): 225–37. http://dx.doi.org/10.1016/j.ibiod.2013.09.011.
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Yu, Zhihao. "Entrepreneurship and intra-industry trade." Weltwirtschaftliches Archiv 138, no. 2 (June 2002): 277–90. http://dx.doi.org/10.1007/bf02707745.
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Thom, Rodney, and Moore McDowell. "Measuring marginal intra-industry trade." Weltwirtschaftliches Archiv 135, no. 1 (March 1999): 48–61. http://dx.doi.org/10.1007/bf02708158.
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Gray, P. R. "NORM Contamination in the Petroleum Industry." Journal of Petroleum Technology 45, no. 01 (January 1, 1993): 12–16. http://dx.doi.org/10.2118/22880-pa.
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Meister, Paul M., and Gilbert V. Cady. "Corporate Takeovers and Petroleum-Industry Restructuring." Journal of Petroleum Technology 38, no. 05 (May 1, 1986): 549–56. http://dx.doi.org/10.2118/15169-pa.
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Rachman, Andika, and R. M. Chandima Ratnayake. "Adoption and implementation potential of the lean concept in the petroleum industry: state-of-the-art." International Journal of Lean Six Sigma 10, no. 1 (March 4, 2019): 311–38. http://dx.doi.org/10.1108/ijlss-10-2016-0065.
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Purpose A systematic literature review is performed to reveal the state-of-the-art in the implementation of lean principles in the petroleum industry. This paper aims to generate a conceptual framework and reveal research gaps with respect to lean concept application in the petroleum industry. Design/methodology/approach After formulating research questions, the search strategy is generated, followed by data extraction, literature review and synthesis of the results. The search covers any studies in peer-reviewed scientific journals and conference proceedings in the period 1990-2017 that discuss the implementation of the lean concept in the petroleum industry. Findings The lean concept has been used to improve operational and technical aspects, contractor/supplier relationships, team organization and project management practice in the petroleum industry. Based on the literature review, a conceptual framework is generated comprising four main elements: leadership and commitment from management, employee involvement, cooperation and trust with contractors/suppliers and lean project management. These elements are the pillars that are founded on lean philosophy and principles to support technical/operational improvement in the organization. The types of literature identified indicate that the subject of the study is still immature. Research limitations/implications This study focuses only on the upstream sector of the petroleum industry, which restricts the generalizability of the results to midstream and downstream businesses. Practical implications This paper provides knowledge and information regarding the current state of lean implementation in the petroleum industry. The developed conceptual framework provides general guidance for practitioners regarding lean implementation in the petroleum industry, and is also expected to support research on theory building. Originality/value Few studies have discussed the application of the lean concept in the petroleum industry. This paper contributes a platform for researchers and practitioners to comprehend how the lean concept has been applied in the petroleum industry, and provides a foundation for further studies on lean implementation in the petroleum industry.
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Kusumawardhani, Mayang, Markeset Tore, and Rajesh Kumar. "Development of strategic asset management planning in the petroleum industry." Journal of Quality in Maintenance Engineering 23, no. 2 (May 8, 2017): 165–79. http://dx.doi.org/10.1108/jqme-04-2016-0016.
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Purpose Due to the certain risk carried in offshore petroleum installations, the integrity of these installations needs to be maintained at all times. Thus, asset integrity management (AIM) needs to be formulated and monitored to achieve the integrity objective. The purpose of this paper is to study the practices and progression of strategic AIM planning in the petroleum industry. Design/methodology/approach The paper is written based on a literature study, observations and data collected from industry practitioners through an online questionnaire and interviews to study the AIM practices in their organization. Validation of the results is performed through respondents’ reviews and cross-referencing with existing literature and supplemental data. Findings The paper identifies, analyses and validates the work structure in formulating an AIM strategic plan. Research limitations/implications Even though the research focuses on the AIM practices of offshore petroleum installations, the result can be implemented in similar fields. Originality/value Researchers or practitioners can benefit from the knowledge gained of current practices and the presented work structure in establishing an AIM strategic plan.
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Midttun, Atle, Marina Khanieva, Magne Lia, and Eivind Wenner. "The greening of the European petroleum industry." Energy Policy 167 (August 2022): 112964. http://dx.doi.org/10.1016/j.enpol.2022.112964.
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Gault, John, and Jack Hartshorn. "The petroleum industry: entering the 21st century." Energy Policy 20, no. 10 (October 1992): 906–8. http://dx.doi.org/10.1016/0301-4215(92)90176-3.
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Loutit, T. S. "AUSTRALIAN PETROLEUM RESEARCH AND DEVELOPMENT: AN EXAMPLE OF PROBLEM-DRIVEN GEOSCIENCE RESEARCH MANAGEMENT." APPEA Journal 36, no. 1 (1996): 500. http://dx.doi.org/10.1071/aj95028.
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The Australian petroleum exploration research program is customer-driven and reflects the balance between the need for the petroleum industry to reduce exploration risk in the short term and the government need to improve the perception of prospectivity in the longer term. Higher prospectivity will lead to greater exploration investment and competition, whereas risk-reduction will increase the efficiency and effectiveness of the exploration industry. Thus the objectives of the primary customers may be significantly different, with government intent on increasing the amount of investment and competition between explorers, whereas industry is intent on keeping expenditure to a minimum and maintaining competitive advantage. Despite the differences, collaboration between all groups involved in exploration and exploration-related research in Australia is essential to solve the range of exploration problems and generate new paradigms. Collaborative research ventures are most successful when new ideas stimulate explorer and researcher alike to focus resources on the key questions despite factors such as competitive advantage. Government geoscience researchers must play a significant role in generating and marketing new concepts to help maintain Australia's supply of domestic petroleum products.The scale of the petroleum research undertaken, and the degree of collaboration between industry and research groups in Australia, is remarkable. There is a productive balance between groups developing and applying new technology and those undertaking regional geological and petroleum systems research. This balance has been reached because of the long-term commitment by the Australian Government, via legislation and funding, to ensure the preservation of exploration data in national geoscience database systems, and that basic and applied research at all scales, from basins to wells, is undertaken in support of petroleum exploration and development.Despite the success of a number of collaborative research projects, research and development resources are still under-utilised by the Australian petroleum industry. Government research agencies must develop a higher marketing profile to ensure that the utilisation of the resources is at a maximum.
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Abboushi, Suhail. "Solar trade tariffs." Competitiveness Review 24, no. 1 (January 14, 2014): 59–65. http://dx.doi.org/10.1108/cr-06-2013-0061.
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Purpose – The purpose of this paper is to survey the growth of solar energy worldwide, analyze US-China trade dispute in the solar industry, and evaluate the merits of US trade tariffs. Design/methodology/approach – The study surveyed archival data, publications by international organizations, government agencies, industry groups, and some academic research papers. Findings – Global demand for solar energy has been rising steadily and is projected to generate growing source of electric power. There is worldwide consensus that public support for solar industry in the development stages is necessary. The US Government provides generous support programs and subsidies to US solar industry. Accordingly, US punitive tariffs against China's solar industry on grounds of government subsidies are of questionable merit. Originality/value – This paper presents a concise profile of global solar energy and evaluates US trade policy toward China. The findings can be of value to government officials as they consider trade policies and their impact on the future of solar energy.
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Solodovnikov, A. V., V. V. Shabanova, N. Kh Abdrakhmanov, and Yu R. Nabieva. "DEVELOPMENT OF PROFESSIONAL RISK MANAGEMENT PROCEDURE AT PETROLEUM INDUSTRY ENTERPRISE." Problems of Gathering, Treatment and Transportation of Oil and Oil Products, no. 2 (May 2022): 118. http://dx.doi.org/10.17122/ntj-oil-2022-2-118-128.
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Adebiyi, Festus M. "Air quality and management in petroleum refining industry: A review." Environmental Chemistry and Ecotoxicology 4 (2022): 89–96. http://dx.doi.org/10.1016/j.enceco.2022.02.001.
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