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1
Ghosh, Mousumi. "Oil and Mineral Excavating Company Limited." Vikalpa: The Journal for Decision Makers 22, no. 1 (January 1997): 39–44. http://dx.doi.org/10.1177/0256090919970106.
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The case featured in this issue depicts a situation enmeshed in several organizational and systems problems with behaviourial manifestations. Mr Basak is addressing the problem of non-receipt of two vital equipments on time due to which drilling operations of an Oil Company in the public sector had to be suspended causing financial and non-financial losses. While familiarizing the readers with the organizational reality where pinpointing of a problem situation is often difficult, the case raises a few important issues: Is it possible for an individual to tide over multiple organizational constraints with innovation, patience and tact and is advancement always through questioning the existing way of doing things? Readers are invited to send their responses on the case to Vikalpa Office.
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Deo, Sarang, Sanjay Kumar Singh, G. Raghuram, and Sanjay Choudhari. "Adani Wilmar Limited (AWL)." Asian Case Research Journal 13, no. 01 (June 2009): 157–76. http://dx.doi.org/10.1142/s0218927509001200.
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The total size of the edible oils market in India was estimated to be 13 million tons (mt) out of which imports amounted to about 4 mt. This made India the largest importer of edible oils in the world. Various edible oils are consumed in the India depending on the regional tastes and preferences. A differential in the duties on oil seed and oils made it favorable to import edible oils instead of oilseeds. Similarly, a differential duty between the refined oil and the raw oil encouraged the import of raw oil in order to support the domestic refineries. Adani Wilmar Limited (AWL) was a part of the Adani group, which started as a trading company mainly into exports of commodities. The group had recently entered into the infrastructure sector with the building of the Mundra port. The group had formed a joint venture with Wilmar Trading of Singapore to enter into the edible oil business. The company was setting up a re.nery with capacity of 600 tons per day. It planned to sell half of the production as bulk oil and the rest as packed oil. The company viewed supply chain management as one of the important means to get a competitive edge. Approximately 70% of the total logistics cost was accounted for by transportation cost. Some of the key decisions the company faced was the location of the warehouses, mode choice and routing.
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Frodey, Carol, Amar Singh, Seini Fiu, and Sonal Singh. "Case Study: Pacific Green Industries (Fiji) Limited: Pacific Palmwood Furnitures Green Approach." Journal of Business Case Studies (JBCS) 4, no. 5 (May 1, 2008): 45–56. http://dx.doi.org/10.19030/jbcs.v4i5.4783.
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Pacific Green is a green furniture company producing up-market furniture made from senile coconut trees. This paper explores the unique characteristics of this company and its success in world markets. Originally operating only in Fiji, the company now sources finished wood from Fiji and carries out its manufacturing assembly operations in China. It has showrooms across the world. The paper also highlights issues which need to be further explored, including concerns from the fast growing coconut oil skin care industry in Fiji about continued availability of high quality coconut oil, since senile trees still produce at a reduced but reasonable rate and no formal replanting program is in place. Coconut oil is also being considered as a viable source of biofuel, placing further pressure on future coconut availability.
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Amoako, George, Bernard Okpattah, Daniel Gameti, and Mayqueen Attatsitsey. "Re-branding and performance at Ghana Oil Company Limited : an empirical study." African Journal of Business and Economic Research 12, no. 2/3 (August 16, 2017): 91–111. http://dx.doi.org/10.31920/1750-4562/2017/v12n2_3a3.
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Khonji, Najla Abdulaziz, and Saad M. A. Suliman. "Product Mix Optimization for an Oil Field Operating Company." Modern Applied Science 14, no. 10 (September 24, 2020): 20. http://dx.doi.org/10.5539/mas.v14n10p20.
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In this study, a mathematical model is formulated to select the optimal product mix of wells in terms of numbers and types of wells that helps to maximize profit. The optimization model comprises two main components, the first component is revenue which includes forecasting of production and oil price, and the second component is cost which includes capital and operating costs. In addition, the model considers all related constraints such as budget, production targets, surface facility limitations, drilling rigs availability and others. Time has influence on the model, since its output is not limited only to the types and numbers of wells to be drilled during the planned period, but also when each well to be drilled for the same plan. Actual planning data for three consecutive years is used for model testing. The results show that 42% to 47% cost saving can be achieved by using the model. The analysis shows that with every 10% increase in oil price, the profit increases by about 6%. Also, it shows that the number of rigs and the rig daily cost affect the profit tremendously, where by reducing these two parameters by 50% an increase of 66% in oil profit can be achieved. The study confirms that oil field operating companies can stand a better chance of maximizing their profit by using product mix optimization model to define the optimum schedule for the number of wells, type of wells and time of drilling.
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Fatmasari, Endah, and Bambang Sugeng Dwiyanto. "Analisis Kinerja Keuangan dengan Metode Economic Value-Added pada Studi Kasus Perusahaan Subsektor Pertambangan Minyak dan Gas Bumi yang Terdaftar di Indeks Saham Syariah Indonesia (ISSI)." Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship 9, no. 1 (November 7, 2019): 17. http://dx.doi.org/10.30588/jmp.v9i1.435.
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<em>Oil and gas are non-renewable natural resources, whick means they can be exhausted within a certain periode of time, if no new reserves of oil and natural gas resources are found. Energy, especially oil and gas, is very limited amount, but the world’s needs for oil and gas are currently increasing, so making investments in the oil and gas mining subsector will be an attractive choice for investors. World demand of oil and gas increases, while the limited its availability in each country has caused fluctuations in its exports and imports. They face a difficult assessment of the company performance in this subsector. Therefore, we need an analysis of the financial performance in oil and gas mining subsector companies as a tool to assess how the performance of the in this area. Economic value-added (EVA) method is one of the right measurement tools to assess the performance of companies in the mining sector. The aim of this study is to determine the financial performance of companies by using the EVA (economic value-added) method in the oil and gas subsector companies listed on the ISSI (Indonesian Sharia Stock Index) in period 2013-2017. The calculation of EVA value of a company is preceded by determining the value of Net Operating Profit After Tax (NOPAT), Weighted Average Cost of Capital (WACC), capital charges (CC), and invested capital (IC) from data that has been collected in the secondary sources. Four companies in oil and gas mining subsector listed on the Indonesia Sharia Stock Index (ISSI) were analyzed in this research. The results showed that two companies have positive EVA, while rest of two companies have positive and negatif EVA in certain years. A positive EVA means that there is an economic added-value to the company.</em>
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Fedosov, A. V., N. Kh Abdrakhmanov, A. S. Tikhonova, I. R. Danieva, and R. R. Valeeva. "Ensuring safety during operation of a loading and unloading railway overpass at an oil depot." SAFETY OF TECHNOGENIC AND NATURAL SYSTEMS, no. 1 (2021): 51–57. http://dx.doi.org/10.23947/2541-9129-2021-1-51-57.
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Introduction. The analysis shows that one of the main causes of accidents at refineries is the low reliability of process equipment and technological discipline violation. Problem Statement. The objective of this research is to study theoretical foundations of loading and unloading railway overpass operation, to identify hazardous factors and to suggest measures to improve safety during operation of this overpass at the oil depot of Bashneft-roznitsa ООО (limited liability company). Theoretical Part. During loading and unloading operations, many accidents occur annually that pose some risk to workers life and health and cause damage to the ecology and economy of the country. The features of the process are: high pressure, high temperature, the use of dangerous and harmful, toxic chemicals that have a harmful effect on humans. Technical causes of accidents are wear and unreliability of equipment, violation of production discipline. However, there are also organizational causes of accidents, such as poorly organized production control, as well as low level of industrial safety competence of employees. Therefore, it is necessary to carry out measures aimed at improving the reliability of the equipment. The study has also revealed that one of the main technical causes of accidents at oil refining enterprises is the low reliability of technological equipment and violations of production discipline. Conclusion. The paper presents the study on operation of the loading-unloading railway overpass at the oil depot of Bashneft-roznitsa ООО (limited liability company). There have been developed and proposed measures to improve safety during operation of the loading-unloading railway overpass at the oil depot of Bashneft-roznitsa ООО (limited liability company).
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Yuan, Zhi Yang. "Comprehensive Utilization of Oil Shale with Analysis of Material Properties." Advanced Materials Research 625 (December 2012): 247–50. http://dx.doi.org/10.4028/www.scientific.net/amr.625.247.
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Comprehensive utilization of oil shale with analysis of material properties is introduced in this paper, including power generation and waste rock production of oil shale, cement raw materials production of oil shale and burned rock, and road repairing. Dry distillation oil refining technology of fluid oil shale, which has reached the international advanced level, is mainly described in this paper. With this technology, a project of fluid distillation oil refining with 600000 tons of oil shale per year is going to be started in Harbin Coal Chemical Limited Company, as well as an energy saving project of producing light shale oil.
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Zakaria, Khairul Mizan, Anuar Nawawi, and Ahmad Saiful Azlin Puteh Salin. "Internal controls and fraud – empirical evidence from oil and gas company." Journal of Financial Crime 23, no. 4 (October 3, 2016): 1154–68. http://dx.doi.org/10.1108/jfc-04-2016-0021.
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Purpose The purpose of this study is to examine the type of internal control weaknesses and its impact that leads to fraud activities in an oil and gas company, which is rarely found in empirical research. Design/methodology/approach A case study approach was taken to investigate and analyse the fraud incidents to the deepest understanding. A mixed method of data collection, specifically document analysis and interviews, was used. Findings The study found that internal control weaknesses can be major contributing factors for fraud to be committed. Poor supervision and improper documentation process provide opportunity to misappropriate the assets, worst off if it includes several people that cooperate to conduct those illegal malpractices. Research limitations/implications The results provide further confirmation of the fraud triangle theory on the causes of the fraud, i.e. opportunity because of weak internal control. It also validates with many prior studies conducted by global professional firms such as KPMG, PricewaterhouseCoopers and Association of Certified Fraud Examiners on fraud and its related causes and implications. This study, however, was conducted on only one company with limited number of interviews. Practical implications This study provides some recommendations to improve weak internal control, which in turn will reduce opportunities of fraud committed in the company. Originality/value This study is original, as it focuses on a company that operates in the highly specialized industry, i.e. oil and gas, which is rare in fraud literature, particularly in developing markets such as Malaysia. It has examined various documents and reports of employee fraud that are generally difficult to be accessed by researchers to be finally published in an academic journal. The findings of this study are inferred from direct access of company documents that are private and confidential.
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Van der Weshuizen, Johannes P., and Martin West. "Cross-Functional Maintenance And Logistics Business Process Integration: Lessons From A Large Oil And Gas Company." Journal of Applied Business Research (JABR) 32, no. 2 (March 1, 2016): 401. http://dx.doi.org/10.19030/jabr.v32i2.9585.
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The purpose of this research focused on integration and alignment of maintenance and logistics functions in a large ERP system in an oil and gas company to demonstrate how cross-functional integration can improve operations. A design science approach has been used based on a case study of a large oil and gas company. The study found that limited cross-functional integration involving the logistics function exists. Proposed process redesign involves activities include improved storage and picking strategies, information exchange, notification of fully received components at the warehouse and an improved shipping strategy. These improvement strategies have been tested through random questionnaires and most respondents support the improvements. This study shows that business process improvement facilitated by cross-functional process integration should realise substantial financial benefits. We have shown that warehouse operation strategies do have an impact on the work order performance through the on-time delivery of its components. In addition, regular communication and utilisation of the available information can also improve the scheduling of work order execution. These benefits are not limited to the company in question but the results show that if companies in general give more attention to cross-functional integration, substantial benefits are possible. The focus of this study is uncommon as it is the integration of logistics and maintenance functions within an organisation. We show substantial process improvements are possible. It therefore provides another opportunity for business process improvement experts to better align various systems and processes.
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Khabirov, G. A., A. A. Gilmutdinov, and A. G. Khabirov. "HIGHER FINANCIAL STABILITY OF LIMITED LIABILITY COMPANY «CHISHMINSKII OIL-EXTRACTING FACTORY» LOCATED IN THE REPUBLIC OF BASHKORTOSTAN." VESTNIK OF THE BASHKIR STATE AGRARIAN UNIVERSITY 45, no. 1 (March 20, 2018): 140–44. http://dx.doi.org/10.31563/1684-7628-2018-45-1-140-144.
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Agwu, M. "Impact of Fair Reward System on Employees Job Performance in Nigerian Agip Oil Company Limited Port-Harcourt." British Journal of Education, Society & Behavioural Science 3, no. 1 (January 10, 2013): 47–64. http://dx.doi.org/10.9734/bjesbs/2013/2529.
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Cameron, P. J., and J. G. Baird. "MARKET STRATIGRAPHY—THE 25-YEAR ODYSSEY OF THE AUSTRALIAN PUBLICLY-LISTED OIL AND GAS SECTOR (IS THE SMALLER E&P COMPANY THREATENED WITH EXTINCTION?)." APPEA Journal 41, no. 1 (2001): 803. http://dx.doi.org/10.1071/aj00050.
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A market view of the population of publicly listed oil and gas companies during the past 25 years provides insights to the survival of the smaller exploration and production company. Mapping the life span of companies, and company population against parameters such as oil price and market activity, demonstrates that oil price is not the crucial driver for the industry as one would expect. The number of exploration companies existing at any one time is independent of oil price and discovery levels, but is more closely related to market sentiment and external influences. The benefits of success are apparent, but the vulnerability of smaller companies to that success is also apparent. While the ASX Energy Index has significantly out-performed the market, and the resources sector in general over this period, it is still considered a high-risk investment area, which fails to attract substantial investment funds.At a time of an apparently sustainable higher oil price, and record market levels, why is the level of new corporate activity so limited? In stratigraphic terms, is the survival of this species threatened? Was Darwin right—will the strong get stronger and will the small E&P company be driven to extinction?
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Khalid, Halimahtun M., and Martin G. Helander. "Ergonomics Collaboration in the Oil and Gas Industry in Southeast Asia." Ergonomics in Design: The Quarterly of Human Factors Applications 20, no. 4 (October 2012): 34–38. http://dx.doi.org/10.1177/1064804612455638.
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Global workplaces and multinational organizations in the oil and gas industry have created an environment in which human factors/ergonomics professionals collaborate to solve office ergonomics and process control design problems for clients. The demand for ergonomics expertise is growing, but the supply of certified ergonomists is limited. The situation is acute in Southeast Asia (SEA), given the lack of ergonomics awareness, training, and certification. We present three challenges that required ergonomics interventions and collaboration among ergonomists. Two of the projects involved multinational companies operating in SEA and one, a national company with global operations.
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Jalilov, Sherzod. "Effective Taxation Mechanism and Profitability in Fuel and Energy Industry: Case Study of Selected Oil and Gas Companies in Uzbekistan." INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION 4, no. 1 (2017): 29–33. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.41.1004.
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Fuel and energy industry rules one of the well-positioned markets in the world economy which supplies planet’s most needed and limited resources with evergrowing demands. Being a marketable supplier and leading movement of large flows of capital requires being surely treated as a leading investor, employer, and taxpayer. Taxation of fuel and energy industry, especially oil and gas industry has been an irreplaceable source of revenue for oil and gas exporting economies. New taxation rules, methods, and types have been regularly introduced to keep an optimal balance between government and company to keep both fiscal and corporate stability. However, taxation always does not stimulate corporate stability and in most cases hinders expansion. Changes in taxation directly effect in profitability and perspectives of the company. This paper examined the impact of taxation on the profitability of oil and gas companies in Uzbekistan. Model-based analysis proved that tax factors negatively influenced the profitability of selected oil and gas companies.
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Wang, Jia Shan, Ting Wang, and Rui Hua Wang. "The Effect of Oil and Gas Production and Construction on Soil Erosion and its Prevention Measures." Advanced Materials Research 869-870 (December 2013): 644–47. http://dx.doi.org/10.4028/www.scientific.net/amr.869-870.644.
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Through researching the oil and gas in many companies, such as the Daqing Oilfield, Changqing Oilfield and the West-East Gas Pipeline Company and so on, we found that the production and construction of oil and gas at different stages influence the soil erosion vary greatly, including the exploration in oil and gas has a little effect on soil erosion, but oil and gas field surface engineering and pipeline construction impact on soil erosion greatly, and limited impact on soil erosion in oil and gas development, and long-distance pipeline operators had no effect on soil erosion.Oil and gas companies have taken appropriate preventive measures in the soil erosion and have achieved good control effect.
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Madaleno, Mara, and Carlos Pinho. "Evidence of Macroeconomic Policy Effects over Company-Sector Stock Returns." Revista de Estudos Sociais 16, no. 31 (November 11, 2014): 3. http://dx.doi.org/10.19093/res.v16i31.1977.
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Given that stock markets may act as an economy mirror, it is explored the sensitivity of company-sector-specific stock returns to macroeconomic news reflecting different economic environments for the UK, US, Germany, Japan and Australian markets between March 1993 and February 2013 using monthly data. Results seem to indicate that portfolio investors need to be aware that movements in the market index is the best predictor to forecast stock returns of individual companies and sectors in developed economies. Sentiment influences individual company’s returns of the utilities sector, even if these are considered of limited growth and stable earnings, for UK, USA and Australia, turning investor confidence a relevant variable to be included. Information increases about industrial production have no influence on company and sector stocks, thus not affecting investor’s decision in developed countries. As for Japan, results seem to indicate that the higher the need of oil imports of a country, the higher will be the positive impact of oil price changes over company returns. Finally, the riskless interest rate has no effect on sector stock returns independently of the country under analysis. For developed economies, we confirm the finding that stocks cannot be used as a hedge against inflation.
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Zuraidah, Esli. "KONTRIBUSI AGROINDUSTRI KELAPA SAWIT TERHADAP KESEJAHTERAAN MASYARAKAT MELALUI PROGRAM CORPORATE SOCIAL RESPONSIBILITY (CSR)." Jurnal at-Taghyir: Jurnal Dakwah dan Pengembangan Masyarakat Desa 1, no. 2 (July 1, 2019): 68–84. http://dx.doi.org/10.24952/taghyir.v1i2.1343.
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Abstrak:Agroindustri Kelapa Sawit merupakan badan usaha yang bergerak di bidang perkebunan dan pengolahan kelapa sawit. Dalam UU Perseroan terbatas tahun 2007, menjelaskan bahwa setiap perusahan memiliki tanggung jawab moral terhadap masyarakat dan lingkungan perusahaan beroperasi. Corporate Social Responsibility (CSR) atau Tanggungjawab Sosial Perusahaan (TSP) adalah kewajiban suatu badan usaha terhadap stakeholder, masyarakat dan lingkungan atau etika perusahasaan dalam menjalankan usahanya. Hal ini tercantum pada prinsip dasar CSR, selain mencari laba sebanyak mungkin (profit), dan membuat perusahaan lebih berkembang (Planet), perusahaan juga memiliki tanggung jawab untuk memberikan kesejahteraan kepada masyarakat (People). Dengan kata lain, fungsi CSR adalah sebagai perpanjangan tangan atas kepedulian perusahaan terhadap kesejahteraan ekonomi, pendidikan, kesehatan, dll. Kepedulian tersebut diaplikasikan melalui pemberian kontribusi oleh perusahaan kepada masyarakat maupun lingkungan sekitar. Penelitian ini mengungkap kontribusi Industri Kelapa Sawit dalam bidang ekonomi, pendidikan dan proses pelaksanaan kontribusi yang diaplikasikan melalui program CSR Kelapa Sawit. Kata Kunci: Kontribusi, Kesejahteraan Masyarakat, Corporate Social Responsibility Abstract: Oil Palm agroindustry is a business entity engaged in the plantation and processing of oil palm. In the limited liability company act of 2007 explains that every company has a moral reponsibility to society and the corporate environment operates. Corporate social responsibility (CSR) is the obligation of a business entity to the stakeholders, society and environment or company ethics in basic principles of CSR, in addition to making as much profit as possible and make the company more developed, the company also has responsibility to provide prosperity to the community. In other words, the function of CSR is as an extension of the company’s concern for the welfare of the economy, education, health and others. Tersebut corcern is applied through the contribution by the company to the community and surrouding environment. This research reveals the contribution of the palm oil industry in the field of economy, education and the implementation process of contribution applied through the palm oil CSR program.
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Yan, Jun, Lianyong Feng, Alina Steblyanskaya, Anton Sokolov, and Nataliya Iskritskaya. "Creating an Energy Analysis Concept for Oil and Gas Companies: The Case of the Yakutiya Company in Russia." Energies 12, no. 2 (January 16, 2019): 268. http://dx.doi.org/10.3390/en12020268.
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Recently, energy analysis has been added to Russian gas companies’ annual reporting system. This new practice indicates that corporate reports are improving their analyses by addressing energy issue and the financial efficiency of energy production. However, the use of summary energy indicators is limited in these annual reports. In this paper we review the history of energy analysis in Russia from the early USSR period to today. Under the guidance of energy return on investment (EROI), we compare energy efficiency indicators with financial efficiency coefficients. The results show that the value of the return on cost of sales (ROCS) is negative in certain instances, while the value of the energy return on cost of sales (EROCS) is extremely high under the example of the Russian energy company JSC “YATEC.” Money-based indicator values (ROCS and return on fix assets (ROFA)) fluctuate with internal company financial management goals, and from the outside depending on market prices. Meanwhile energy-based values (EROCS) remain stable. Added financial analysis and energy analysis in companies’ annual statements will supplement each other in practice and will present the full picture for company efficiency analysis.
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Faturoti, Bukola, Godswill Agbaitoro, and Obinna Onya. "Environmental Protection in the Nigerian Oil and Gas Industry and Jonah Gbemre v. Shell PDC Nigeria Limited: Let the Plunder Continue?" African Journal of International and Comparative Law 27, no. 2 (May 2019): 225–45. http://dx.doi.org/10.3366/ajicl.2019.0270.
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The case of Jonah Gbemre v. Shell Petroleum Development Company of Nigeria Limited made a historic deviation from the usual trend of seeking monetary compensation by host communities in oil-rich regions in Nigeria. Rather, it seeks to correct regulatory shortcomings which were upheld by the court but never enforced. This article argues that the failure to enforce the judgment of the court is a missed opportunity to strengthen the environmental regulatory framework in the Nigerian oil and gas industry. It further argues that if the judgment had been enforced, it could have contributed to the reduction of the militant activities in the region and also encourages a significant change in the pattern of redress sought by litigants whose communities have been affected by the operations of oil multinational corporations in the region.
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Wang, Chia-Nan, Lei-Chuan Lin, and Dhanabalan Murugesan. "Analyzing PSU’s Performance: A Case from Ministry of Petroleum and Natural Gas of India." Mathematical Problems in Engineering 2013 (2013): 1–9. http://dx.doi.org/10.1155/2013/802690.
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The high economic growth in the past few years and increasing industrialization coupled with a burgeoning population have created a lot of concern for India’s energy scenario. India’s crude oil production has not shown significant growth in the last 10 or more years whereas its refining capacity has grown by more than 20% over the last 5 years. Oil consumption is growing at approximately 4.1% per year and natural gas consumption is growing at 68% per year. Therefore, evaluation performances and pushing energy companies to improve become important issues. The purpose of this research is of evaluation the performance of Indian energy industry under multiple different inputs and outputs criteria. The data envelopment analysis (DEA) and grey theory are used to conduct this study. There are total 14 public sector undertakings (PSUs) under this industry and no any private company. However, only 10 of them are mature enough to be published in India stock markets. Therefore, the realistic data of all 10 companies are used for this evaluation. The results demonstrate that Gas Authority of India Limited (GAIL), Chennai Petroleum Corporation Limited (CPCL), and Oil India Limited (OIL) are the top 3 of ranking influences. This integrated numerical study gives a better “past-present-future” insights into evaluation performance in India energy industry.
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Safrina, Safrina, and Khairani Khairani. "Corporate Governance In Palm Oil Companies In Aceh Province." Syiah Kuala Law Journal 4, no. 3 (December 31, 2020): 385–94. http://dx.doi.org/10.24815/sklj.v4i3.19073.
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Todays, companies are not only required to provide information on financial accountability but also about corporate performance related to social and environmental aspects in order to promote shareholder values and sustainable practices, which eventually lead to the concept of corporate governance. This study aims to discuss the implementation of corporate governance, in palm oil companies in Aceh Province. A qualitative research method is applied with an empirical juridical approach. Data were collected by interviewing respondents and analyzing corporate reports. The result found that the implementation of corporate governence by the companies through the availability of code of good corporate governance (GCG) and code of conduct. Although it does not necessarily guarantee the implementation applied properly, but it can show company commitment to run a good business. Some companies also implement corporate social and environmental responsibility in a different approach. However, some of the activities are actually not in accordance with existing regulations, but is only limited to activities that have no direct impact on community
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Safrina, Safrina, and Khairani Khairani. "Corporate Governance In Palm Oil Companies In Aceh Province." Syiah Kuala Law Journal 4, no. 3 (December 31, 2020): 385–96. http://dx.doi.org/10.24815/sklj.v4i3.19073.
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Nowadays, companies are not only required to provide information on financial accountability but also about corporate performance related to social and environmental aspects in order to promote shareholder values and sustainable practices, which eventually lead to the concept of corporate governance. This study aims to discuss the implementation of corporate governance, in palm oil companies in Aceh Province. A qualitative research method is applied with an empirical juridical approach. Data were collected by interviewing respondents and analyzing corporate reports. The result found that the implementation of corporate governence by the companies through the availability of code of good corporate governance (GCG) and code of conduct. Although it does not necessarily guarantee the implementation applied properly, but it can show company commitment to run a good business. Some companies also implement corporate social and environmental responsibility in a different approach. However, some of the activities are actually not in accordance with existing regulations, but is only limited to activities that have no direct impact on community.
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Junaedi, Junaedi. "Penerapan Tata Kelola Perusahaan Yang Baik (Good Corporate Governance) di Bidang Pengamanan Asset Untuk Meminimalisir Pencurian Tandan Buah Segar (TBS) Kelapa Sawit di PTPN IV." Res Nullius Law Journal 2, no. 2 (July 16, 2020): 165–200. http://dx.doi.org/10.34010/rnlj.v2i2.3329.
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on the contrary, good employees must also have a sense of belonging and high loyalty to the company where they work. PT. Perkebunan Nusantara IV (Persero) is a State-Owned Enterprise (SOE) in the form of a Limited Liability Company (PT) (hereinafter referred to as PTPN IV). In the context of state-owned PT, a good state-owned PT is a state-owned PT that can contribute to stakeholders to ensure public welfare. The instrument for PTPN IV to contribute to stakeholders in order to ensure the realization of public welfare is the implementation of Good Corporate Governance (GCG). In addition, in implementing GCG it is also necessary to apply Good Corporate Culture (GCC) because GCG and GCC have a very close relationship. GCG is the visible side of the company, while the GCC is the inside side of the company or the value side of corporate management. Assets with a total value of more than Rp. 14 trillion must be secured for the sustainability and sustainability of the company's business wheels. The safeguarding of these assets must start from the smallest, an example in this study is the security of oil palm Fresh Fruit Bunches (FFB) which are often stolen, both by “ninja”, and “mafias”. Various modes of crime surfaced, such as theft of FFB; trimming FFB; land grabbing; employee abuse; darkening of the core & Crude Palm Oil (CPO); and employee mistreatment. One of the breakthroughs in implementing GCG that will be implemented at PTPN IV to secure assets to minimize the theft of oil palm FFB is the application of technology, information, and communication at PTPN IV in the form of an application system "Smart Security of Integrity".
Keywords. Good Corporate Governance; Asset Security; and PTPN IV Palm Oil Theft
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Gerali, Francesco, and Jenny Gregory. "Understanding and finding oil over the centuries: The case of the Wallachian Petroleum Company in Romania." Earth Sciences History 36, no. 1 (January 1, 2017): 41–62. http://dx.doi.org/10.17704/1944-6178-36.1.41.
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About four centuries passed between the first appearance of pamphlets in which the medical uses of petroleum were discussed (for example, the Tegernsee (southern Bavaria, 1430), Geneva (Swiss Confederacy, 1480), Nurnberg (northern Bavaria, 1500), and the Antwerp (Duchy of Brabant, today Flanders, 1540–1550) pamphlets), and Michael Faraday's discovery in 1825 of the chemical composition of benzene derived from bituminous oil as a compound of carbon and hydrogen. During this long time span, studies of oil, carried out between alchemy and chemistry, benefited from rapid advances and brilliant insights, much as they had moments of stagnation, and disappointing regressions. In 1855 the chemist Benjamin Silliman Jr., of Yale University, proved that crude oil could be decomposed through a process of fractional distillation into a range of fuels and lubricants cheaper than the oils, greases and waxes rendered by animal fats and vegetal matter (Silliman 1855; Forbes 1948 Forbes 1958). In the course of the early 1860s, oil became the main source of illumination first in North America, then in Europe and Australia. This transformation of oil from a substance of limited use into a commodity of mass consumption radically changed the pattern of oil finding and production. Crude was no longer collected just from natural springs or draining seepages, but was pumped out of the ground from wells drilled by machines using steam power. This was the first step toward the modern oil industry, and a breakthrough in the history of energy: the beginning of an oil society. The first part of this article provides an introduction to the early uses and production of petroleum in Europe, and advances in understanding the nature, the physical properties, and the composition of hydrocarbons. It provides a brief analysis of the interaction between technology, society and the environmental context in northwestern Pennsylvania, where, between 1858 and 1859, a new successful pattern developed to produce oil in commercial quantity. From 1861, that innovative process put the United States in the position to gain increasing shares in the young European mineral oil markets and, subsequently, to jeopardize the position of local oil (vegetal, animal and mineral) producers. The second part, using a national case study approach, explores the history of a British oil company operating in Romania since 1863, the Wallachian Oil Company. This venture by London stockholders—short, difficult, and abortive—is a mirror of the nature of the business implemented by emerging oil companies, not only from Europe, and therefore exemplifies the challenges of setting the modern oil sector in motion in the nineteenth century.
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Sinha, Rupesh, Navaneetha Kumar, Chinmay Gandre, Rajesh Kumar Nair, Finn Alessandrino, Daisy Mui Hung Kee, Jullia Deol, et al. "Thai Airways Restructuring Plan to Avert Bankruptcy." International Journal of Accounting & Finance in Asia Pasific 4, no. 1 (February 27, 2021): 86–95. http://dx.doi.org/10.32535/ijafap.v4i1.1035.
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For the past ten years, Thai Airways International Public Company Limited (THAI) has been suffering successive losses year after year. In 2014, THAI implemented a restructuring plan to improve its revenue streams, yet to no avail as it has been reporting losses. This study aims to determine the impacts of the restructuring plan on profitability ratios in the company and to determine which variable contributes the most towards their profits or losses. The data used were THAI financial statements of 2010 to 2019. As the results show, THAI's profitability ratios show no significant changes before and after the implementation of the restructuring plan, and the largest contributors to their losses are fuel and oil expenses and impairment losses of aircraft.
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Et al., Mohamed Shamandy Fouad. "Comparative study for connecting new flare capacity to existing flare Systems." Psychology and Education Journal 58, no. 1 (January 15, 2021): 5795–808. http://dx.doi.org/10.17762/pae.v58i1.1988.
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Process facility operations are equipped with flare system to dispose flammable, toxic, or corrosive vapors to an environmentally acceptable gas for release to the atmosphere from both normal operational venting and relief during abnormal conditions. For safe incineration and radiation considerations flares are located at a remote point from the plant. Flare system when designed is to be limited for a certain capacity for a relieved gas; in addition, it may be designed in excess for future process facilities which may be further added to an existing one.
KHALDA Petroleum Company is an owner company of oil and gas plants in Egypt. The company started a remote facility in 2005 named as "QASR start of line" which equipped with a limited flaring system capacity of 416,800 kg/hr for each flare related to phases PH-1 and PH-2. After 10 years of operation the wells depletion occurred which affected the production capacity and hence the company decided to maintain the productivity. A new compression project is designed to improve recovery as the reservoir production rate and pressure decline. The new compression project facilities vent and disposal need a flare system in case of the emergency. This paper discusses two different scenarios available for connecting the new compression project facilities vent and disposal system either to the existing flare systems or to another destination, which better, safer and more economic
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Maia, Gustavo Antunes, and Nilson Brandalise. "Financial viability analysis of a new lubricant for engines assembled in production line in a Brazilian automobilistic facility: case study." Independent Journal of Management & Production 11, no. 4 (August 1, 2020): 1419. http://dx.doi.org/10.14807/ijmp.v11i4.1090.
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This study aims to analyze the economic and financial viability of an investment project aiming at building a new solution to provide oil to car’s engine production line. The study arises from de need of integrate a second type of oil to fill engines produced to exportation market. The objectives are essential for the company to remain in the market facing the limited resources and the strong competition. Thus, a case of study done, with typical view to data collect and analysis. The results indicate the use of feasibility technique, as NPV, IRR, Payback, LI and NUV are decisive for a good financial analysis. Adding to these techniques, a Monte Carlo method used to simulate a variable production condition.
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Вотинов, A. Votinov, Афанасьев, and Valentin Afanasev. "Study of Prospects Related to Development of Hydrocarbons Exports in Black Sea Direction." Administration 2, no. 3 (September 17, 2014): 28–37. http://dx.doi.org/10.12737/5634.
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The increasing role of transport communications’ constructive improvement in the Black Sea region’s real
economy development is inextricably linked with the need to ensure it by hydrocarbon exports’ infrastructure
under the conditions of limited international cooperation and differentiation of services provided. In this paper
have been marked groups of problems characterizing factors of demand creation for energy resources in
modern world economy, has been revealed the Black Sea economic cooperation role in development of
oil and petroleum products’ export infrastructure, has been assessed the energy policy influence on the
Russian Federation´s position at the global energy market. A development strategy of vertically integrated
oil company "Rosneft" at the national and international markets has been described, Russian vertically
integrated oil companies’ competitive advantages and weaknesses have been considered.
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Smith, Pamela A., and Mark J. Kohlbeck. "Accounting for Derivatives and Hedging Activities: Comparison of Cash Flow versus Fair Value Hedge Accounting." Issues in Accounting Education 23, no. 1 (February 1, 2008): 103–17. http://dx.doi.org/10.2308/iace.2008.23.1.103.
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Warfield Company is considering hedging the risk associated with (1) an available-for-sale (AFS) security portfolio and (2) an anticipated purchase of oil. Warfield's Board of Directors has limited experience in this area and has requested that you summarize the accounting and reporting implications if these items are hedged. The hedged risk in these two transactions can be either the risk associated with the cash flow or the risk associated with changes in the fair value. The two risks are discussed in separate parts of the case.
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Taras, Daphne Gottlieb, and Jason Copping. "The Transition from Formal Nonunion Representation to Unionization: A Contemporary Case." ILR Review 52, no. 1 (October 1998): 22–44. http://dx.doi.org/10.1177/001979399805200102.
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The authors examine three phases in the unionization process among Imperial Oil Limited employees in Canada who, in 1993, decided to withdraw from a long-standing nonunion employee representation plan: the conditions leading to the propensity to unionize; the transformation into a bargaining unit; and post-certification behaviors and practices. The unionization process in this case study differed from that suggested by literature based on unionization among workers without a previous history of collective representation. In the pre-campaign phase, workers experienced a significant loss of perceived power due to changes in company practices and managerial style. Elected worker delegates to the nonunion representation plan spearheaded the union campaign. The union organizing phase allowed the company multiple opportunities for redress without unionization. Subsequent union attachment was diminished by continuing loyalty to aspects of the old system.
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D'Rozario, Denver, and Keshav Shenoy. "Bharat Petroleum Company Limited's (BPCL), India one-stop truck shop (OSTS) retailing format." Emerald Emerging Markets Case Studies 1, no. 3 (July 1, 2011): 1–25. http://dx.doi.org/10.1108/20450621111180936.
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Subject area Retailing. Study level/applicability Undergraduate and Master's level business and management courses. Case overview This case looks at the second largest oil company in India (Bharat Petroleum Corporation Limited (BPCL)) and examines an innovative services marketing concept that they introduced into the market in India for the first time, namely, one-stop truck shops. These new format truck-stops were targeted at the highway-based truckers in India who earlier had to stop off at multiple locations to eat and re-fuel increasing their on-road time and reducing their efficiency, much to the chagrin of their truck-fleet owners. Expected learning outcomes Students will be expected to build their knowledge of retailing in developing markets using the example of BPCL as a learning tool. The case examines differences in consumer behavior in developed vs developing markets, paying particular attention to the required need to differentiate the retail approach to suit the market. Supplementary materials Teaching note (with photographs).
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Renne, Elisha P. "United Nigerian Textiles Limited and Chinese–Nigerian textile-manufacturing collaboration in Kaduna." Africa 89, no. 4 (November 2019): 696–717. http://dx.doi.org/10.1017/s000197201900086x.
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AbstractIn 1964, the newly established Hong Kong-based Cha Group partnered with the Northern Nigerian Regional Development Corporation to open the United Nigerian Textiles Limited (UNTL) mill in Kaduna – the largest textile mill in Northern Nigeria. The Cha Group later expanded, building textile mills in other parts of the country. Both Chinese and Nigerian managers and workers were involved in UNTL mills, which by 1980 provided printed cotton textiles for the Nigerian market and for other markets in West Africa. Yet this Chinese–Nigeria collaboration could not overcome factors external to the textile-manufacturing industry. Declining infrastructure, erratic electricity, frequent changes in political leadership at the federal level, and the smuggling of less-costly imported textiles (often from China) undermined local textile manufacturing, while inflationary pressures associated with the national oil industry undermined agricultural production, exacerbating the difficulties of obtaining raw Nigerian cotton. In 2007, the UNTL mill in Kaduna closed, although it resumed production in December 2010, assisted by the 100 billion naira Cotton, Textile and Garment Development Fund. Cha Group officials also used their knowledge of the Nigerian textile market as the basis for the marketing of branded, high-quality manufactured textiles, known as Da Viva®, at company-franchised shops in major Nigerian cities. The Cha Group took advantage of digital innovation, both in the printing of these popular textiles and also by advertising them on an attractive website. This article considers the ways in which the United Nigerian Textiles Plc company has maintained production of grey cloth and printed textiles at its mills in Kaduna and Ikorodu-Lagos, along with the marketing of Da Viva® cotton prints, which suggests the continuing, if contradictory, possibilities for this Nigerian–Chinese textile-manufacturing collaboration.
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Odera, Odhiambo, Albert Scott, and Jeff Gow. "An examination of the quality of social and environmental disclosures by Nigerian oil companies." Corporate Governance 16, no. 2 (April 4, 2016): 400–419. http://dx.doi.org/10.1108/cg-05-2015-0065.
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Purpose This study seeks to examine the quantity and quality of social and environmental disclosures (SEDs) of Nigerian oil companies. The study aims to analyse SED activities as reported by the oil companies in their annual reports. Design/methodology/approach The study analyses annual reports through content analysis. SED quantity is measured by alternative two units: number of sentences and number of pages. A two-point scale system to assess SED quality is used as follows: 1 = if SED is quantitative and reports specific activities of a company concerning its social and environmental responsibility; 0 = otherwise. Correlation analysis is performed among the different SED categories to identify the relationships among them. Kolmongrov–Smirnov and Shapiro–Wilk tests for normality are utilised. Findings SED activities are reported by most of the companies, and by quantity, employee information is found to be the most common type of disclosure. SED quantity and quality in the environment category is found to be overwhelmingly low despite the large-scale public concern expressed about the levels of the environmental degradation caused by oil company operations. Research limitations/implications The data collected for this study are based on one country, which controls diversity but limits the generalizability of the findings. The study is limited by the sample which includes mainly quoted companies, as they are believed to make improved disclosures because of their investor orientation and statutory obligations. Originality/value The study extends SED research by focusing on social disclosures such as employee-, community- and health- and safety-related disclosures. The study also investigates the motivations of SED providers and establishes a link between stakeholder demands/engagement and the level of disclosure.
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Knuutila, Timo, Erkki Mykkänen, and Niels Vase. "NAVIGATION SYSTEM FOR FINNISH OIL RECOVERY VESSEL." International Oil Spill Conference Proceedings 1993, no. 1 (March 1, 1993): 605–9. http://dx.doi.org/10.7901/2169-3358-1993-1-605.
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ABSTRACT Finland's National Board of Waters and the Environment (FNBWE) and the Finnish electronics company Jertec Oy have together developed a computer-based oil recovery system to improve the efficiency of oil recovery operations in the Baltic Sea. The Baltic Sea is extremely vulnerable to oil spills, largely because at high latitudes there are only a few hours of daylight during winter. Integration of the ship's navigational equipment with a highly accurate positioning system such as the differential GPS makes it possible to operate 24 hours a day. Also, oil recovery can be made much more efficient by using a new technique to collect oil from a wider area than at present. The oil recovery vessel Halli has a length of 60 meters and is capable of recovering oil either alone or with two assisting vessels. In the latter case, the assisting vessels draw oil booms to direct floating oil from a wide area into the Halli rather like a funnel. Previously, this operation was limited to straight runs and daylight hours. The Halli is also equipped to perform underwater investigations (such as seabed wrecks) with a small submersible. Without an underwater positioning and tracking system, underwater operations are inefficient. The main requirements for the new system were reliable positioning of all vessels (assisting vessels are not known in advance), reliable inter-vessel communication, and documentation and printouts of the planned and real routes. The new navigation system was installed in November 1991 and has since fulfilled all FNBWE's requirements. The main benefit is the capability to operate 24 hours a day, which greatly increases the efficiency of oil recovery.
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van Ruth, Saskia M., and Leontien de Pagter-de Witte. "Integrity of Organic Foods and Their Suppliers: Fraud Vulnerability Across Chains." Foods 9, no. 2 (February 14, 2020): 188. http://dx.doi.org/10.3390/foods9020188.
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Organic foods are frequently targeted by fraudsters. Examination of underlying factors helps to reduce fraud vulnerability and to prevent fraud. In this study, the fraud vulnerability of five actors from each of four chains were examined using the SSAFE food fraud vulnerability assessment tool: the organic banana, egg, olive oil and pork supply chains. The organic chains appeared slightly less vulnerable than conventional chains due to fewer opportunities for fraud and the more adequate controls being present. On the other hand, organic chains were associated with enhanced vulnerability resulting from cultural and behavioral drivers. Generally, actors in the organic olive oil and pork chains were more vulnerable than those from the banana and egg chains. However, high risk actors were not limited to particular chains. Across the whole group of actors in organic chains, three groups in terms of cultural/behavioral drivers were distinguished: a low vulnerability group, a group facing more external threats and a group presenting fraud vulnerability in general and in particular from within their own company. Ethical business culture and criminal history scores of businesses correlated significantly. This implies that the climate in a company is an important factor to consider when estimating the exposure of businesses to food fraud.
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Sandrasigaran, Viveksarati, Jalila Binti Johari, Soh Wei Ni, and Bany-Ariffin A.N. "The Moderating Effect of OPEC and Non-OPEC on the Relationship Between Oil Price Volatility and Accrual Earnings Management in the Oil and Gas Industry." Journal of Accounting and Finance in Emerging Economies 6, no. 1 (March 31, 2020): 283–300. http://dx.doi.org/10.26710/jafee.v6i1.994.
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This study is an empirical examination on the relationship between oil price volatility and earnings management in the oil and gas industry, moderated by price-setting abilities of OPEC (Organization of Petroleum Exporting Nations) and price taking abilities of Non-OPEC countries. This study tests discretionary, income-decreasing, current and non-current accruals as a proxy of earnings management. A total sample of 209 firm-year observations from 2008 to 2018 of listed oil and gas firm is collected from the Thomson Datastream database. To incorporate the moderation effect, the samples were divided into two sub-groups, OPEC and Non-OPEC using reserve to production ratio. Firm attributes are included in the analysis as the constant variable such as leverage, current ratio, EBITDA and Growth. The initial results show that, overall, the interaction effect between OPEC/Non-OPEC and oil price volatility is positive and significant to discretionary and income-decreasing accruals. Data samples are limited while comparing OPEC and Non-OPEC countries as not every oil and gas company in OPEC are listed companies and their information is heavily protected. This study contributes to extant earnings management literature regarding political cost, which remains a significant concern to oil and gas companies worldwide.
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Dženopoljac, Vladimir, Shahnawaz Muhammed, and Stevo Janošević. "Intangibles and performance in oil and gas industry." Management Decision 57, no. 5 (May 13, 2019): 1267–85. http://dx.doi.org/10.1108/md-11-2017-1139.
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Purpose The purpose of this paper is to assess the extent to which financial and market performance of companies in the oil and gas sector can be attributed to the value of their intangibles. Design/methodology/approach The research utilized publicly available data on global oil and gas companies from 2000 to 2015. Panel data analysis was used to assess the relationship between intangibles (measured by Calculated Intangible Value (CIV)) and financial and market performance of these companies. Findings Results show that intangibles had a significant impact on firm performance in multiple financial measures. Firms’ intangibles also influence their market capitalization, indicating that the financial markets discount such information in their pricing. Research limitations/implications Although the impact of intangibles on corporate performance is found to be significant, the size of that impact is small, suggesting that significant increase in the size of intangibles would only lead to a modest increase in corporate performance. Additionally, the research sample was limited to the top oil and gas firms listed in the Fortune 2000 global list and limits the generalization of the findings. Despite these limitations, the research provides greater confidence in using CIV to assess intangibles in organizations. Practical implications This research highlights the importance and ways of measurement of intangibles for managers in oil and gas companies and its significance for their firms’ performance. Originality/value The paper fills the gap in the literature in the assessment of intangibles in the oil and gas sector, as well as in the assessment of using CIV to measure the impact of intangibles on company performance.
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Bogan, R. "OVERSEAS RECRUITING IN THE OIL AND GAS INDUSTRY — A CASE STUDY." APPEA Journal 25, no. 1 (1985): 134. http://dx.doi.org/10.1071/aj84013.
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Early in 1982 CSR Limited established an Oil and Gas Division. By 1983 this Division had recruited twenty-six overseas technical personnel mainly from Canada and the United Kingdom. The Company needed to recruit overseas because the skills required were not available in Australia.During 1983 a review of the recruitment and settlement of these personnel and their families was undertaken. The objectives of this review were to:improve the Company performance in the recruitment, induction and settlement of overseas recruits and their families;increase the likely "length of stay" in Australia of overseas recruits and their families;to address specific problems faced by recruits and their families in settlement in Australia.In depth interviews were conducted with twenty-one of the twenty-six recruits and their families using a structured interview format.The analysis of the interviews results revealed that:on average it took longer for those recruited in the United Kingdom to obtain immigration "approvals" and to physically relocate than those recruited in Canada;families with previous experience in relocating adapted and coped better with the physical move and resettlement than families without previous experience.The detailed results showed further that:While there was sufficient information provided about the job and department, there was dissatisfaction with the lack of detailed information about aspects of living in Australia, particularly: taxation; housing; bank mortgage arrangements; cost of living data and medical insurance.There were gaps in the expectations that many- recruits and their families had about living in Australia, such as climate, lifestyle and housing. This was attributed to an "oversell" through glossy brochures and "word pictures".The attention given to staff and their families on arrival was seen as a positive introduction to Australia and CSR's Oil and Gas Division.The provision of initial temporary accommodation in a single apartment complex for all overseas recruits and families in Adelaide assisted greatly in the induction and settlement process. It provided a high level of support especially for wives with young children. The "welcome waggon" group together with the assistance provided by the wives of senior executives were also positive influences in the settlement process.The most positive features seen in the move to Australia were career and lifestyle opportunities. On the other hand loss of disposable income was seen as a significant negative.From the results and analysis a detailed set of recommendations and actions were developed to improve company performance in recruitment and settlement. These recommendations were implementated prior to the 1984 recruiting mission to Canada, the United States and the United Kingdom.The preliminary results from the 1984 recruiting mission have resulted in:a reduction in recruiting lead time;quicker and more informed decision making by candidates and their families in accepting job offers;more professional preparation of both the recruiting teams and the company's agents overseas.
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Hauser, Stephan J. "Long Live the Heritage of Petroleum—Discoveries of Former Oil Sites in the Port City of Dunkirk." Urban Science 4, no. 2 (May 1, 2020): 22. http://dx.doi.org/10.3390/urbansci4020022.
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In the early days of the petroleum industry, oil infrastructure had a short lifespan. Individuals were creating their own company and competing with others, without the financial means of current great companies. Many oil facilities were established in port cities like Dunkirk, because they were the entrance gates to many nations. In the case of Dunkirk, many former oil sites became houses and schools in the current urban tissue, and official records lost track of many others. The limited data available on official records to inform the people on the pollution of their soil is a threat to their safety and health, and an obstacle for the planning strategies of public authorities. The analysis of archival documents, past and present aerial pictures, paintings and mapping techniques related to geographic information systems (GIS) can reveal lost industrial sites, and thus indicate potential pollution. This paper investigates the oil history of Dunkirk as a background for its petroleum history and its transferability to other petroleum related cities. A cross analysis of sources will attempt to complete French files and locate oil sites. The objective is to illustrate the transformation of former oil sites, and why the current land use is often not compatible with its history.
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Anuwattana, Rewadee, Pattamaphorn Phungngamphan, Patthanant Natpinit, Narumon Soparatana, Worapong Pattayawan, and Supinya Yindee. "Ammonia removal from giant fresh water prawn farm by using zeolite from oil palm ash." MATEC Web of Conferences 192 (2018): 03028. http://dx.doi.org/10.1051/matecconf/201819203028.
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The Empty Fruit Bunch (EFB) and Mesocarp fiber ash (FB) was obtained from the boiler at NAM HONG Palm Oil Company Limited, Thailand. The optimum condition was used in Na-A zeolite synthesis from oil palm ash. The obtain produce was Na12Al12Si12O48· 27H2O. The sample was dried in hot air oven. The calcium exchange capacity (CEC) of 386.39 mg CaCO3/g of product, and the 86.05% of pure Na-A zeolite phase was formed. In batch experimental study, the synthetic wastewater was prepared. In order to find out the optimal zeolite dosage was added into 10 mg/L of total ammonium nitrogen solution. The results of unionized ammonia (NH3) removal efficiency indicated that zeolite A standard and zeolite from oil palm ash are better than commercial zeolite. The optimum dosage of 0.2, 0.25 and 0.2 g of zeolite A standard, zeolite from oil palm ash and commercial zeolite, respectively. The NH3 removal capacity from giant freshwater prawn farm, zeolite A standard is better than zeolite from oil palm ash and commercial zeolite, respectively. In the large volume of synthetic wastewater (1000 mL), the zeolite from oil palm ash is the best ammonia removal capacity when compared with zeolite A standard and commercial zeolite.
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Schroeder, Art J., Magdi Omar, Robert E. DeHart, Mohamed A. Fawzi, and Ian Stirk. "PROMOTING OIL SPILL PREPAREDNESS IN EGYPT: JOINT GOVERNMENT/INDUSTRY EXERCISE." International Oil Spill Conference Proceedings 1997, no. 1 (April 1, 1997): 247–52. http://dx.doi.org/10.7901/2169-3358-1997-1-247.
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ABSTRACT In October 1996, Mobil, Amoco, and Amoco's Egyptian joint venture partner, Gupco (Gulf of Suez Petroleum Company), conducted a tier III oil spill exercise with key government authorities, including the Egyptian Environmental Affairs Agency (EEAA) and the Egyptian General Petroleum Corporation (EGPC). This joint exercise represented a significant step forward in promoting global government and industry cooperation in preparedness and response to major oil spills. The exercise involved high-level decision makers from key Egyptian government agencies charged with responding to oil spills. Other participants were local, regional, and international tier II and III consultants and contractors, including responders from Oil Spill Response Limited (OSRL) in Southampton, England. During the exercise, onshore response equipment was deployed, and civil aviation, customs, and immigration issues related to air transport of equipment and mobilization of personnel to Egypt were tested. Technical resources from the Integrated Simulators Complex in Alexandria, Egypt, were used by the response team in developing strategies to deal with the oil spill scenario. Professional media personnel were used to test issues pertaining to government and public affairs. This exercise, which was observed by the Egyptian Red Sea governor and the U.S. ambassador, demonstrates that Egyptian authorities are working to become a “center of excellence” in oil spill preparedness for the Middle East, Eastern Mediterranean, and North African region.
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Weng, Ho Yew. "OIL SPILL RESPONSES - THE POLITICAL DIMENSION." International Oil Spill Conference Proceedings 2008, no. 1 (May 1, 2008): 587–90. http://dx.doi.org/10.7901/2169-3358-2008-1-587.
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ABSTRACT There are always lessons to be learnt from every oil spill response. Similarly, critics are always quick to point out how a response was too slow, the inadequacy of equipment / manpower resources and, inevitably, how the response lacks proper coordination. Yet many of these common criticisms can be resolved if artificial ‘roadblocks and red tape’ are removed so that Responders can go about doing their jobs, providing prompt responses in mitigating damages caused by oil spills. This paper will discuss the challenges of mounting an international oil spill response in the Asia Pacific with specific references to political roadblocks and red tape put up by ‘recipient’ countries. Tier 3 Oil Spill Response organizations, namely Oil Spill Response and East Asia Response Limited (OSRL/EARL), regularly practices activations and resource deployments through exercises with different scenarios. These exercises can take the form of tabletop exercises or full scale deployment of equipment, recall of Members’ regional and worldwide teams. The larger scale exercises involve trans-boundary movement of people and equipment, including boats and aircrafts. OSRL/EARL has conducted large scale exercises successfully. Unfortunately, there are also times when red tape prevented the company from responding in the swift and efficient manner that it endeavors. Various reasons given are ‘national security’ and the need for very ‘high level approvals’ as the recipient country will be deemed to be calling outside assistance for a national incident. The paper will discuss some of OSRL/EARL'S experiences like:Response organizations refusing to participate in exercises due to ‘national security’ reasonsNational agencies refusing import of equipment due to taxation lawsProtracted approval processes, and sometimes outright refusal, for materials like dispersantRefusing entry of international aircraftsClearance and complicated permit requirements for Responders entering a country to assist in the response The challenge to remove these road blocks is an uphill task. OSRL/EARL has an on-going Advocacy program to engage and cooperate on these issues with Government Agencies and relevant bodies. The Author believes that the removal of ‘road blocks’ will expedite responses to oil spills.
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Ibrahim, Nur Ehsan, and Wardah Azimah Haji Sumardi. "Training Effectiveness in Times of Austerity." International Journal of Asian Business and Information Management 11, no. 2 (April 2020): 102–20. http://dx.doi.org/10.4018/ijabim.2020040107.
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Due to the fall in oil price, many companies are looking into ways to cut cost. Despite such cost-cutting efforts fuelled by the constant pressure for companies to stay competitive, the importance of training is still widely recognised. In response to limited training funds, companies are forced to revise their training programmes and make changes in their mode of delivery as part of their austerity measure. One of the approaches taken by an oil subsidiary company in Brunei is the increased use of in-house training and online-based learning (e-learning). This article seeks to evaluate the effectiveness of such a training approach when it is adopted. This allows training to be appraised in tangible terms, i.e. how much trainees have benefited to provide evidence to justify the importance of training, in times when training is assumed to be among the first casualties.
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Lee, Shenae, Gabriele Landucci, Genserik Reniers, and Nicola Paltrinieri. "Validation of Dynamic Risk Analysis Supporting Integrated Operations Across Systems." Sustainability 11, no. 23 (November 28, 2019): 6745. http://dx.doi.org/10.3390/su11236745.
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Dynamic risk analysis (DRA) is a novel industrial approach that aims to capture changes in operational conditions over time and quantify their effect on risk. This aspect may be advantageous for providing insight into the causal factors that have substantial risk contributions and supporting decisions related to risk control. Some DRA methods were developed by the oil and gas industry to support the integration of work processes and the cooperation across virtual clusters, e.g., between offshore and onshore systems and/or oil company and supplier. However, DRA has not been extensively adopted and limited attention is given to its validity in practical applications. The objective of this article is to illustrate how this validity can be established based on common validation approaches for risk analysis. The case study focuses on a DRA method named risk barometer that was developed to support integrated operations across the oil and gas industrial systems. The outcome of this study may serve as a basis for the validation of other DRA methods, the use of DRA in practical cases, and ultimately the achievement of integrated operations (IO) capabilities.
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Karia, V. K., and Z. S. Sadliwala. "Handling and Processing of Solid Waste at GNFC – An Approach to Zero Solid Waste." Water Science and Technology 20, no. 10 (October 1, 1988): 237–42. http://dx.doi.org/10.2166/wst.1988.0142.
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M/s Gujarat Narmada Valley Fertilizers Company Limited (GNFC), located in a backward District of Bharuch in Gujarat State of India, owns the World's Largest Single Stream Ammonia and Urea plants. GNFC uses 1000 MT of oil and 1000 MT of coal every day as raw material and generates huge quantities of solid wastes like fly ash, carbon soot, lime sludge, hard coke, and spent catalysts. For management of these solid wastes, GNFC has adopted a PRODUCTIVITY oriented approach. A number of Research & Development oriented projects were undertaken as a result of which most of the solid wastes could be put to productive use. GNFC is on the verge of achieving a state of ZERO solid waste.
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Stanley-Price, Nicholas. "Flying to the Emirates: The end of British Overseas Airways Corporation’s service to Dubai and Sharjah in 1947." Journal of Transport History 39, no. 3 (June 19, 2018): 333–54. http://dx.doi.org/10.1177/0022526618783952.
Full textAbstract:
During the 1930s Dubai and Sharjah in the Trucial States (now the United Arab Emirates) were regular stops on Imperial Airways’ England – India route. But in early 1947 the successor British airline British Overseas Airways Corporation discontinued service to them. The local market for air travel connecting the Gulf shaikhdoms, which were de facto British protectorates, was undermined just as the expanding oil industry most needed reliable scheduled flights. For fear of competition following its ratification of the Chicago Convention, Britain still restricted access to the airfields at Kuwait, Bahrain and Sharjah. For four years the Trucial States had no regular air service. Its wireless facilities led to the survival of the Sharjah airfield, shared by the Royal Air Force and International Aeradio Limited, a new British telecommunications company. Britain’s control over air services and their post-war disruption arguably contributed to delaying the socio-economic development of the Emirates that oil production would make possible.
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Kromodihardjo, Sudiyono, and Ergo Swasono Kromodihardjo. "Modeling of Well Service and Workover to Optimize Scheduling of Oil Well Maintenance." Applied Mechanics and Materials 836 (June 2016): 311–16. http://dx.doi.org/10.4028/www.scientific.net/amm.836.311.
Full textAbstract:
Well maintenance (well service and workover) is an operation needed by oil company to guarantee the optimum productionof its oil well.Well maintenance is performed using large equipment called hydraulic workover unit (HWU-Rig) which is available in limited number. Scheduling sequence of the HWU-Rig to do well service must meet the goal of the maintenance that is to minimize the loss of oil well production due to well breakdown. Thus minimizing breakdown time of well with high rate production is a priority. However, scheduling secuence of the HWU-Rig to perform its task for few days ahead become complicated due to the numerous alternatives of secuence to choose. Each alternatives of sequence yields a certain production loss. Arbitrarily scheduling sequence may not yield the goal og minimizing the loss of well production. This research was done by analyzing workover scheduling system and data from Kondur Petroleum such as well location, well production rate, and service time needed to be performed on wells. Algorithm to create schedulling sequence was developed in the research. The algorithm was then implemented in discrete simulation software, and yield the result of absolute global optimal solution, near optimal solution and local optimal solution of the HWU scheduling problem.
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Tysiachniouk, Maria S. "Disentangling Benefit-Sharing Complexities of Oil Extraction on the North Slope of Alaska." Sustainability 12, no. 13 (July 6, 2020): 5432. http://dx.doi.org/10.3390/su12135432.
Full textAbstract:
This paper analyses benefit-sharing arrangements between oil companies, native corporations, the North Slope Borough, and Indigenous Peoples in Alaska. It aims to disentangle the complexities of benefit-sharing to understand existing procedural and distributive equity. We identified benefit-sharing regimes involving modes, principles, and mechanisms of benefit-sharing. This includes modes that reflect institutionalized interactions, such as paternalism, company centered social responsibility (CCSR), partnership, and shareholders. Principles can be based on compensation, investment and charity. Mechanisms can involve negotiated benefits and structured benefits, mandated by legislation, contracts, or regulation. Furthermore, mechanisms can involve semi-formal and trickle-down benefits. Trickle-down benefits come automatically to the community along with development. The distribution of money by the North Slope Borough represents the paternalistic mode, yet involves investment and mandated principles with top–down decision making. They are relatively high in distributional equity and low in participatory equity. Native corporations predominantly practice the shareholders’ mode, investment principle, and mandated mechanisms. The oil companies’ benefit-sharing represents a mixed type combining CCSR and partnership modess, several principles (investment, compensatory, charity) and multiple types of mechanisms, such as mandated, negotiated, semi-formal and trickle-down. These arrangements vary in terms of distributive equity, and participatory equity is limited.
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Tran, Tien Anh. "Design the prediction model of low-sulfur-content fuel oil consumption for M/V NORD VENUS 80,000 DWT sailing on emission control areas by artificial neural networks." Proceedings of the Institution of Mechanical Engineers, Part M: Journal of Engineering for the Maritime Environment 233, no. 1 (December 17, 2017): 345–62. http://dx.doi.org/10.1177/1475090217747159.
Full textAbstract:
The international shipping transportation has an important position in the field of economical development in each nation. It has been presented by increasing the number of ships with sufficiency of sizes and kinds. This development always associates with the environmental pollution. The main reason for this that International Maritime Organization required all ships conform to the International Convention for the Prevention of Pollution from Ships (MARPOL 73/78) and that they want their ships operate in the international routes. Especially, MARPOL 73/78, Annex VI—Prevention of Air Pollution from Ships, gradually impacts the limited value of low-sulfur-content fuel oil on ships no more than 0.50% m/m (mass by mass) from 1 January 2020, against the limit of 1.00% in effect up until 31 December 2014. Following the actual conditions, a lot of countries in the world have given the solutions in response to these above regulations. In Vietnam, VINIC shipping transportation company also has the solution in changing-over procedures from heavy fuel oil into light heavy fuel oil with low-sulfur content for bulk carriers. Based on the development of science and technology nowadays, especially machine learning method, the author has designed prediction model of low-sulfur-content fuel oil consumption by applying artificial neural networks model. The object of this study is a bulk carrier of VINIC shipping transportation company in Vietnam with ship name M/V NORD VENUS 80,000 DWT. The mass of low-sulfur-content fuel oil consumption has been recorded and compared with the results collected in this research when ship sailed on emission control areas. The simulation results of prediction model have been represented on artificial neural networks tool of MATLAB program. The advantage of this model will be represented through comparing with traditional statistical regression methods. The artificial neural networks prediction model of low-sulfur-content fuel oil consumption is more reliable than other traditional methods. The traditional statistical regression methods have been supported in this case by Minitab software. The superior model will save the low-sulfur-content fuel oil on bulk carriers and reduce the sea environmental pollution. This article will be an initial basis for applying the different types of ships when sailing on emission control areas in the future.