1,486 results on '"petroleum companies"'
Search Results
52. Corporates dole out Rs24bn for social causes-Minister gives away awards to 18 firms for their generosity.
- Author
-
Kiani, Khaleeq
- Subjects
CORPORATE giving ,CORPORATION reports ,PETROLEUM companies ,PRIVATE companies ,FINANCE ministers - Abstract
The Pakistan Centre for Philanthropy reported that the corporate sector in Pakistan donated approximately Rs23.65 billion for social causes in 2023, showing a 41% increase from the previous year. Public Listed Companies contributed the largest share of Rs17.69 billion, followed by Public Unlisted Companies and Private Ltd Companies. Minister of State for Finance, Revenue and Power Ali Pervaiz Malik recognized the importance of corporate philanthropy in supporting social and economic development, especially during times of crisis, and awarded 18 firms for their generous contributions. [Extracted from the article]
- Published
- 2024
53. Sindh Energy Holding Announces Significant Gas and Condensate Discovery.
- Subjects
ENERGY development ,POWER resources ,PETROLEUM companies ,JOINT ventures ,HOLDING companies ,GAS condensate reservoirs ,GAS wells - Abstract
Sindh Energy Holding has announced a significant gas and condensate discovery at the Pateji-X1 exploration well in the Shah Bandar Block, District Sujawal, producing 11.7 MMSCFD of gas and 198 BPD of condensate. The joint venture partners in the block include Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), and Government Holdings (Pvt) Limited (GHPL). The discovery, made at a depth of 2,475 meters, showcases the hydrocarbon potential of the region and contributes to Pakistan's energy resources. [Extracted from the article]
- Published
- 2024
54. Why It's Impossible to Sell Petrol Below N800 per Litre-NNPC.
- Subjects
CHIEF financial officers ,PRICES ,PETROLEUM ,GAS prices ,PETROLEUM companies - Abstract
The Nigerian National Petroleum Company (NNPC) has stated that it is impossible to sell petrol below N800 per litre due to the costs involved in producing and distributing the product. The Chief Financial Officer of NNPC, Mr Adedapo Segun, explained that the price of crude oil, exchange rates, refining costs, transportation expenses, and other factors contribute to the final price of petrol. He also highlighted the role of refineries in creating competition and potentially lowering prices based on market conditions. Currently, the price of petrol at NNPC retail stations in Lagos ranges from N1,025 to N1,060 per litre. [Extracted from the article]
- Published
- 2024
55. NNPC Insists Port Harcourt Refinery Processing PMS, Others.
- Subjects
PETROLEUM ,STORAGE tanks ,PETROLEUM companies ,PETROLEUM refineries ,ELECTRIC utilities - Abstract
The Nigerian National Petroleum Company (NNPC) Limited has refuted claims by a resident of the community hosting the Port Harcourt Refinery that the facility was not processing crude oil as stated by the NNPC. The refinery, which was recently revamped with $1.5 billion, is now processing crude oil at 60% capacity, with trucks seen offloading premium motor spirit (PMS). The NNPC dismissed the resident's assertions as lacking knowledge about the refinery's operations and clarified that the refinery is currently producing at 90% throughput, including products like diesel and kerosene. [Extracted from the article]
- Published
- 2024
56. CNPP Hails NNPC, Calls for Greater Transparency, Accountability.
- Subjects
GAS industry ,NIGERIANS ,PETROLEUM products ,PETROLEUM industry ,PETROLEUM companies - Abstract
The Conference of Nigeria Political Parties (CNPP) praised the Nigerian National Petroleum Company (NNPC) for successfully rehabilitating the Port Harcourt Refinery, emphasizing the importance of transparency and accountability in the oil and gas sector. The CNPP urged NNPC to operate with openness and integrity to build public trust and confidence. They also called for President Bola Ahmed Tinubu to ensure transparency in the industry to attract investment, drive economic growth, and combat corruption for Nigeria's economic stability and growth. [Extracted from the article]
- Published
- 2024
57. Venezuela Creditors Plan to Compete With Elliott Over Citgo.
- Author
-
Yapur, Nicolle
- Subjects
GOLD reserves ,PETROLEUM companies ,FOREIGN assets ,PARENT companies ,DEBTOR & creditor ,BIDS - Abstract
Creditors of Venezuela are planning to bid for Citgo Petroleum Corp.'s parent company in an auction to satisfy over $20 billion in claims against Venezuela. Crystallex International Corp. and Red Tree Investments LLC are among the creditors looking to submit credit bids for the parent company, PDV Holding, which owns Citgo. The auction has faced challenges, with most creditors objecting to an offer from Elliott's affiliate, Amber Energy, leading to uncertainty and potential delays in the sale process. The court-appointed official overseeing the sale has proposed a streamlined auction process, with a sale hearing scheduled for May 28, 2025. [Extracted from the article]
- Published
- 2024
58. Malaysia Court Drops One of 1MDB Cases Against Najib, NST Says.
- Author
-
Shukry, Anisah
- Subjects
BREACH of trust ,FOREIGN investments ,MALAYSIAN ringgit ,JUDGES ,PETROLEUM companies - Abstract
(Bloomberg) -- Malaysia's High Court dropped one of the cases against former Prime Minister Najib Razak related to state fund 1MDB, the New Straits Times reported Wednesday.High Court Judge Muhammad Jamil Hussin granted Najib a discharge not amounting to an acquittal, according to the report. The former premier remains behind bars for other crimes related to 1MDB.Najib was charged with six counts of criminal breach of trust involving 6.6 billion ringgit ($1.5 billion) in funds linked to payments to the International Petroleum Investment Company, an Abu Dhabi sovereign wealth fund.©2024 Bloomberg L.P.By Anisah ShukryReported by Author [Extracted from the article]
- Published
- 2024
59. Rivers Governor Denies Shutting Down NNPC, Oil Companies.
- Subjects
BUDGET ,REVENUE accounting ,STATE governments ,PETROLEUM companies ,RUMOR - Abstract
The Governor of Rivers State, Mr Sim Fubara, has denied rumors of shutting down the NNPC and other oil companies in response to a court decision blocking fund allocations to his government. The court ruled that the governor's handling of funds was irregular due to not presenting the 2024 budget to the state parliament as directed. Despite speculations, the Commissioner for Information and Communications dismissed the claims, emphasizing the governor's commitment to the rule of law and governance through conventional means. [Extracted from the article]
- Published
- 2024
60. Wafi becomes majority shareholder in Shell.
- Subjects
CAPITAL stock ,PETROLEUM companies ,CORPORATIONS ,STOCKHOLDERS ,BRAND name products - Abstract
Wafi Energy Holding Limited, a Saudi company and affiliate of the Asyad Group, has acquired a majority stake in Shell Pakistan Limited (SPL) after Shell Petroleum Company Limited sold its 77.42% interest in SPL. Wafi Energy now holds approximately 87.78% of SPL's total issued share capital. The Shell brand will continue in Pakistan through retail and brand licensing agreements, with SPL serving as the exclusive brand licensee. Ghassan Amoudi, CEO of Asyad Holding Group and the incoming chairperson of SPL, expressed excitement about Wafi Energy's entry into Pakistan and the Asyad Group's commitment to expanding its presence in the region. [Extracted from the article]
- Published
- 2024
61. Hybrid threats in the Norwegian petroleum sector. A new category of risk problems for safety science?
- Author
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Skare, Eivind and Haugdal Jore, Sissel
- Subjects
- *
RUSSIAN invasion of Ukraine, 2022- , *GAS industry , *PETROLEUM companies , *PRIVATE companies , *PETROLEUM industry - Abstract
• The new geopolitical situation after Russia's invasion of Ukraine has fundamentally changed the role of the Norwegian petroleum industry and many other private businesses. • Hybrid threats entail a new category of risk problems where private companies play a pivotal role as national security actors. • This article offers an empirical study of how private companies in the Norwegian petroleum sector understand and carry out their role in detecting and handling hybrid threats. • The empirical case illustrates that security cannot be achieved on the organizational level to achieve societal resilience against hybrid threats. • Safety Science should further investigate how the new geopolitical era affects private businesses and their employees' working conditions. The new geopolitical situation after Russia's invasion of Ukraine has fundamentally changed the role of the Norwegian petroleum industry and many other private businesses. Private companies have become important security actors in the new threat landscape. This article offers an empirical study of how private operator companies in the Norwegian oil and gas sector understand and carry out their role in detecting and handling hybrid threats prior to the sabotage of the Nord Stream 1 and 2 pipelines in 2022. By investigating how they understand the phenomena of hybrid threats, and how they understand their role and responsibility in detecting and handling them, this case serves as an example on why societal resilience to hybrid threats only can be achieved through a collaboration between a multiplicity of actors across different scales. Additionally, this article uses the private companies in the Norwegian petroleum sector as an illustrative example on how hybrid threats entail a new category of risk problems where private companies play a pivotal role, and seeks to open up a discussion on whether safety science should include hybrid threats and the new geopolitical situation into its scope. We conclude that safety science should further develop perspectives for developing resilience as a system and societal property and that also take geopolitics into account. At a time when private companies play a more pivotal role in the co-creation of societal resilience against hybrid threats, it is important to investigate and understand this role and how it affects private businesses and their employees' working conditions. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
62. Production at Zarghun gas field resumes.
- Subjects
GAS fields ,PETROLEUM companies ,STOCK exchanges - Abstract
Mari Petroleum Company Limited has announced that the gas production from Zarghun South Gas Field, Balochistan has been resumed. The field is currently producing around 5mmscfd of gas which will be gradually ramped up to its optimum production rate, material information sent to Pakistan Stock Exchange on Wednesday said, adding that the gas is being supplied to Sui Southern Gas Company Limited (SSGCL). [Extracted from the article]
- Published
- 2022
63. Integrated geophysical and geochemical study for investigating the hydrocarbon potentiality of West Dakhla area, Western Desert, Egypt, as an extension of Libyan Kufra basin.
- Author
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GHONEIMI, Ashraf, GAWISH, Nashat S., and NABIH, Muhammad
- Subjects
- *
ANALYTICAL geochemistry , *DESERTS , *RADIOACTIVE substances , *PETROLEUM companies , *HYDROCARBONS - Abstract
The present study represents an integrated study using the potential field maps and well geochemical data of the West Dakhla area in the western central area of the Western Desert area, Egypt. The potential field data are represented by the airborne gravity and total magnetic maps acquired by the Nuclear Material Authority (NMA), Egypt, on behalf of Dana Petroleum Company. The geochemical data consist of geochemical analysis in Ammonite-1 well that were done for source rock evaluation. Different processing techniques on the gravity and magnetic maps are carried out for separating the regional and residual separation and filtering. Modelling and Euler deconvolution tools are utilized for proposing the depth to basement and constructing basement-depth maps to infer the basin configuration of the study area. Before acquiring the present geophysical data, the study area wasn’t subjected to any exploration investigations. Therefore, these data and this study are considered as the first efforts carried out and submitted for publication in this area. In addition, a comparison of the present basin is done with matched basins in southern Libya, where this basin is expected to have similar geological features. The study indicates that the studied basin may be a part of a wider basin extending in Egypt and Libya. This basin is expected to have the thickness and features that are favourable for hydrocarbon habitat. The geochemical analysis shows TOC values ranging from poor to very good source rock potentiality. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
64. Optimisation of Maintenance Operations Involving Three Integrated Departments at a Local Oil Company in Trinidad.
- Author
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Harrison, Stefan, Bansee, Jainarine, and Chowdary, Boppana V.
- Subjects
- *
DEPARTMENT stores , *DATABASE management , *LEAN management , *SIMULATION software , *PETROLEUM companies - Abstract
A simulation case study was conducted to assess the utility of predictive maintenance and database management for lean maintenance applications within a Petroleum Company. At this company the maintenance of pumps was performed internally where feasible. The study explored a proposed lean strategy on the operations of three departments related to the maintenance of pumping equipment. These departments were, the Pump Shop, Stores Department and Shipping and Receiving. Rockwell Automation's Arena® simulation software was used to study existing and proposed models of the maintenance system and track the key performance indicators of Flow Time, Waiting Time, and Work-in-Process. Analysis of the performance indicators showed a 76% and a 96% reduction in average Flow Time and Waiting Time, respectively. No difference was determined for Work-in-Process at the 95% confidence interval. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
65. CDOS-HCN汽油选择加氢脱硫技术的应用.
- Author
-
郭斐, 田振兴, 杨峰, and 彭成华
- Subjects
- *
CATALYST supports , *PETROLEUM products , *GASOLINE , *PETROLEUM companies , *RAW materials , *ETHERIFICATION , *DESULFURIZATION - Abstract
Objective Introduce the CDOS-HCN process for selective hydrodesulfurization of gasoline and the supporting titanium-based series catalyst HDDO-100/HDOS-200/HDMS-100. Methods The COS-HCN process was used to fractionate FCC gasoline into light fraction (LCN) and heavy fraction (HCN), and LCN can be etherification reaction or mixed into gasoline components, sulfide in HCN can be deeply removed with catalyst. Results HDDO-100 catalyst could effectively remove diolefin in the raw material. At the same time, small molecular mercaptans and sulfides were converted into large molecular sulfides by thioetherification with olefins which could be fractionated and cut to HCN to achieve the control index of total sulfur mass fraction in LCN no more than 10 pg/g. HDOS-200/HDMS-100 double catalyst for the deep removal of sulfides in HCN, could effectively control the olefin saturation rate to meet the technical requirements of the Karamay Petrochemical Company for producing petroleum products which met the gasoline for motor vehicles ( VIA) and ( M B) national standard. Conclusions The long period operation results of the industrial unit showed that the supporting series catalysts of the process have stable performance, stable operation of the unit and safe and reliable process. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
66. The Continuing Contractual Duty Not to Aggravate a Servient Estate: Available Damages in Pipeline Servitude Cases, and Proposed Codal and Statutory Solutions.
- Author
-
Nleaders, Julie Schwartzwald
- Subjects
PIPELINES ,CANALS ,GAS companies ,PETROLEUM companies ,SERVITUDES ,LANDOWNERS - Published
- 2022
67. Investigation of Organizational Commitment and Turnover Intention: A Study of Bahraini Oil and Gas Industry.
- Author
-
Ayari, Asma and AlHamaqi, Abbas
- Subjects
ORGANIZATIONAL commitment ,GAS industry ,PETROLEUM industry ,LABOR turnover ,PETROLEUM companies - Abstract
In the last five years, the turnover rate of the operation employees in Bahrain Petroleum Company (Bapco) has augmented and attend a critical level, particularly with the government's early retirement attractive approach. Bapco starts to lose highly experienced employees who have a significant impact on the performance of the company. Moreover, the new oil discovery and the modernization of the production units push Bapco to minimize the turnover rate and retain talents to stay competitive. This study examines how organizational commitment has affected the Bahrain Petroleum Company's operation employees turnover intent. The tridimensional model of (Meyer and Allen in Commitment in the workplace: theory, research, and application, Sage, 1997) was used to evaluate organizational commitment. In addition, Abrams et al. (Personality Soc Psychol Bull 24(10): 1027–1039, 1998) model of Turnover Intention was used to examine employee intents to leave the firm. This work reports on a quantitative study of the Bapco operations employees. 154 questionnaires were collected, and the data were analysed with SPSS version 23. The results confirm a significant impact of the three dimensions of OC on TI. These results join previous research and conclude that OC can be used to understand and reduce Bapco operation employees' TI. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
68. Performance of asphaltene stability predicting models in field environment and development of new stability predicting model (ANJIS).
- Author
-
Saboor, Abdus, Yousaf, Nimra, Haneef, Javed, Ali, Syed Imran, and Lalji, Shaine Mohammadali
- Subjects
ASPHALTENE ,PETROLEUM ,PETROLEUM industry ,COLLOIDAL stability ,PRODUCTION losses ,PETROLEUM companies ,PETROLEUM products - Abstract
Asphaltene Precipitation is a major issue in both upstream and downstream sectors of the Petroleum Industry. This problem could occur at different locations of the hydrocarbon production system i.e., in the reservoir, wellbore, flowlines network, separation and refining facilities, and during transportation process. Asphaltene precipitation begins due to certain factors which include variation in crude oil composition, changes in pressure and temperature, and electrokinetic effects. Asphaltene deposition may offer severe technical and economic challenges to operating Exploration and Production companies with respect to losses in hydrocarbon production, facilities damages, and costly preventive and treatment solutions. Therefore, asphaltene stability monitoring in crude oils is necessary for the prevention of aggravation of problem related to the asphaltene deposition. This study will discuss the performance of eleven different stability parameters or models already developed by researchers for the monitoring of asphaltene stability in crude oils. These stability parameters include Colloidal Instability Index, Stability Index, Colloidal Stability Index, Chamkalani's stability classifier, Jamaluddin's method, Modified Jamaluddin's method, Stankiewicz plot, QQA plots and SCP plots. The advantage of implementing these stability models is that they utilize less input data as compared to other conventional modeling techniques. Moreover, these stability parameters also provide quick crude oils stability outcomes than expensive experimental methods like Heithaus parameter, Toluene equivalence, spot test, and oil compatibility model. This research study will also evaluate the accuracies of stability parameters by their implementation on different stability known crude oil samples present in the published literature. The drawbacks and limitations associated with these applied stability parameters will also be presented and discussed in detail. This research found that CSI performed best as compared to other SARA based stability predicting models. However, considering the limitation of CSI and other predictors, a new predictor, namely ANJIS (Abdus, Nimra, Javed, Imran & Shaine) Asphaltene stability predicting model is proposed. ANJIS when used on oil sample of different conditions show reasonable accuracy. The study helps Petroleum companies, both upstream and downstream sector, to determine the best possible SARA based parameter and its associated risk used for the screening of asphaltene stability in crude oils. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
69. New correlations for predicting two-phase electrical submersible pump performance under downhole conditions using field data.
- Author
-
Chu, Thuy, Nguyen, Tan C., Wang, Jihoon, and Vuong, Duc
- Subjects
SUBMERSIBLE pumps ,TWO-phase flow ,LIQUEFIED gases ,PETROLEUM companies ,FORECASTING - Abstract
Electrical Submersible Pump (ESP) is one of the major Artificial Lift methods that is reliable and effective for pumping high volume of fluids from wellbores. However, ESP is not recommended for applications with high gas liquid ratio. The presence of free gas inside the pump causes pump performance degradation which may lead to problems or even failure during operations. Thus, it is important to investigate effect of free gas on ESP performance under downhole conditions. At present, existing models or correlations are based on/verified with experimental data. This study is one of the first attempts to develop correlations for predicting two-phase gas–liquid pump performance under downhole conditions by using field data and laboratory data. Field data from three oil producing wells provided by Strata Production Company and Perdure Petroleum LLC. as well as experimental data obtained from experimental facility at Production and Drilling Research Project—New Mexico Tech were used in this study. Actual two-phase pump differential pressure per stage is obtained from experiments or estimated from field data and was normalized using pump performance curve. The values are compared to pump performance curve to study the relationships between pump performance and free gas percentage at pump intake. Correlations to predict ESP performance in two-phase flow under downhole and experimental conditions was derived from the results using regression technique. The correlation developed from field data presented in this study can be used to predict two-phase ESP performance under downhole conditions and under high gas fraction. The results from the experimental data confirm the reliability of the developed correlation using field data to predict two-phase ESP performance under downhole conditions. The developed correlation using the laboratory data predicts quite well the two-phase pump performance at the gas fraction of less than 15% while it is no longer reliable when free gas fraction is more than 15%. The findings from this study will help operating companies as well as ESP manufacturers to operate ESPs within the recommended range under downhole conditions. However, it is recommended to use the proposed correlation on reservoirs with conditions similar to those of the three presented wells. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
70. Ultra Petroleum Corp. SWOT Analysis.
- Subjects
PETROLEUM companies ,SWOT analysis - Abstract
A SWOT analysis of Ultra Petroleum Corp. is presented.
- Published
- 2021
71. Strategic Organizing and Workforces Performance of Iraqi Oil Companies.
- Author
-
Al-Frijawy, Jawad
- Subjects
INDUSTRIAL management ,STRATEGIC planning ,JOB performance ,PETROLEUM companies ,PETROLEUM industry - Abstract
Strategic organizing is an organizational management activity that must be effective and measurable implemented in the company to achieve the desired results. The organization as a wellimplemented strategic plan to manage the external changes. The aim of the research is to reveal the extent of the impact of strategic organizing on the performance of workforces in Iraqi oil companies. The research was conducted in Basra Oil Company as a field of study. The researcher adopted a major hypothesis that (there is a statistically significant impact of strategic organizing and its variables on the performance workforces of Iraqi oil companies. Sample of (145 people) was selected, and the questionnaire was used as a tool for data collection. The result the most important of which is (the Iraqi oil companies need to work according to the concepts and requirements of strategic organizing). [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
72. MPCL holds corporate briefing session.
- Subjects
STOCKBROKERS ,SECURITIES trading ,FINANCIAL performance ,CORPORATIONS ,PETROLEUM companies - Abstract
Mari Petroleum Company Limited (MPCL) held a corporate briefing session at its Head Office in Islamabad on Friday, in partnership with K Trade Securities (formerly known as KASB Securities). A large number of market analysts, members of the brokerage houses, shareholders, and employees attended the session in person as well as virtually on MS Teams. [Extracted from the article]
- Published
- 2022
73. Casing Drilling Technique to Optimize Drilling Operations in Qarun Petroleum Fields, Western Desert, Egypt.
- Author
-
Shokr, Mahmoud, Farhat, Mohamed S., Kamel, Said, Nour, Mohamed, and Gomaa, Sayed
- Subjects
- *
CASING drilling , *PETROLEUM , *DESERTS , *PETROLEUM companies , *OIL well drilling rigs , *SHALE gas - Abstract
Many solutions have been executed to mitigate the wellbore instability problem including improving mud inhibition with chemical additives, raising mud weight to mechanically support the wellbore, and modifying casing design to accommodate extra-large diameter surface casing with the drawback of increasing well cost. Despite these solutions, the operator is still plagued by continuous hard reaming during tripping operations, several dill string pack-off sticking incidents, and the inability to get the casing to the bottom. This paper examines the effect of implementation of Non-retrievable drilling with casing technique to optimize drilling and overcome the hole instability problems in West of Nile (WON) field is located in the Western Desert of Egypt and operated by Qarun Petroleum Company. This solution is unique in terms of adaptability and simplicity, a few adaptations are required for a standard drilling rig to be able to get casing to bottom by rotating, reciprocating, and circulating simultaneously. Applying this technique optimize drillings, reduces cost, and improves safety. [ABSTRACT FROM AUTHOR]
- Published
- 2022
74. Boundary spanner closeness to partner firm as relational governance in turbulent versus stable environments.
- Author
-
Cai, Shaohan, Wang, Xiaoyan, Ma, Yongchao, Zhou, Xinyue, and Yang, Zhilin
- Subjects
ORGANIZATIONAL governance ,ORGANIZATIONAL effectiveness ,WRENCHES ,CELL phone systems ,PETROLEUM companies - Abstract
Purpose: This study aims to explore the overall relationship between a boundary spanner and a partner firm, i.e. boundary spanner closeness to partner firm. Drawing on consumer-service provider relationship literature and the tripartite model of affect-behavior-cognition, the authors identify three key dimensions of such closeness, namely, boundary spanners' relational ties, customer-specific capabilities and accommodative behaviors, and examine their effects on exchange outcomes in turbulent versus stable environments. Design/methodology/approach: The paper examines the effects of three dimensions of boundary spanner closeness on various exchange outcomes (i.e. retailers' cooperation, satisfaction and willingness for investment) using two industries as exemplars, characterized by distinct levels of environmental turbulence – the retailing networks of a major cell phone company and a petroleum company in China. Findings: The results indicate that the three dimensions individually and jointly affect exchange outcomes and the interplay of customer-specific capabilities and relational ties affect exchange outcomes differently across industry turbulence. Originality/value: The existing literature lacks a comprehensive understanding of the function of boundary spanners, which serve as a key relational interorganizational governance component. By identifying three key dimensions of boundary spanner closeness and examining their effectiveness in promoting exchange outcomes, this study advances the understanding of the role of boundary spanners in interorganizational governance. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
75. PPL awarded best Petroleum Company by FPCCI.
- Subjects
AWARD presentations ,AWARDS ,BOARDS of trade ,PERFORMANCE awards ,PETROLEUM companies - Abstract
Pakistan Petroleum Limited (PPL) was honored with the Best Performance Excellence Award by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for its exceptional performance in the Petroleum Sector. The award was presented by the President of Pakistan, Mr. Asif Ali Zardari, to Syed Mahmood ul Hassan, General Manager Shared Services at PPL, during FPCCI's 12th Achievement Awards Ceremony. This recognition is part of FPCCI's annual awards that celebrate excellence in various business sectors, contributing to the economy's growth and regional and national development. [Extracted from the article]
- Published
- 2024
76. Oil and Gas Output Declines in Q1 Amid Field Disruptions.
- Subjects
OIL fields ,PETROLEUM industry ,PETROLEUM companies ,PETROLEUM sales & prices ,GAS companies - Abstract
The article "Oil and Gas Output Declines in Q1 Amid Field Disruptions" from Energy Update reports a decrease in Pakistan's oil and gas production in the first quarter of the current fiscal year, with oil output falling by 8% and gas by 7%. The decline was attributed to annual turnarounds and forced curtailments at major fields. Despite the decrease, local exploration and production companies made new discoveries through drilling exploratory and development wells. The report also projected reduced earnings for major oil and gas companies in Pakistan, except for Mari Petroleum Company Limited, which was expected to see growth in earnings due to increased gas production. [Extracted from the article]
- Published
- 2024
77. OGDCL Reports Rs41 Billion Quarterly Profit Amid Operational Challenges.
- Subjects
EARNINGS per share ,CORPORATE profits ,PETROLEUM ,PETROLEUM companies ,REDUCTION potential - Abstract
The Oil and Gas Development Company Ltd (OGDCL) reported a quarterly profit of Rs41 billion, despite facing challenges from public-sector entities Mari Petroleum Company Ltd (MPCL), Sui Northern Gas Pipelines Ltd (SNGPL), and Uch Power Ltd. The board of directors highlighted a net sales of Rs106.01 billion and an earnings per share (EPS) of Rs9.54 for the quarter ending September 30. OGDCL faced a Rs9.5 billion tax expense on MPCL's bonus shares and a Rs5.23 billion financial impact from production curtailments, leading to a reduced EPS, but still declared a 30% interim cash dividend of Rs3 per share. [Extracted from the article]
- Published
- 2024
78. BREAKING: FG Announces Full Deregulation of Petroleum Industry.
- Subjects
PETROLEUM ,PETROLEUM industry ,DEREGULATION ,PETROLEUM companies ,PETROLEUM refineries - Abstract
The federal government of Nigeria has announced the full deregulation of the petroleum industry, allowing oil marketers to purchase their products from any source. Previously, the Nigerian National Petroleum Company (NNPC) Limited was the sole importer of petrol and the only organization authorized to buy from the Dangote Refinery. However, with this new development, other oil marketers can now approach private refineries for petrol and sell it to customers. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, stated that the NNPC will now sell crude oil to local refiners in Naira. This move is aimed at fully deregulating the sector and promoting competition. [Extracted from the article]
- Published
- 2024
79. NNPC Meets Investors in America for Brass, Olokola LNG Projects.
- Subjects
PETROLEUM ,ENERGY industries ,PURCHASING power ,PETROLEUM companies ,PETROLEUM refineries - Abstract
The federal government of Nigeria has been urged to sell gas to local marketers in Naira, similar to the deal made with crude oil. This move is expected to impact the price of petrol and potentially bring down energy costs in the country. The Nigeria Employers' Consultative Association (NECA) supports this gas-for-Naira agreement, stating that it would benefit the government, business community, and the Nigerian populace. NECA also highlights the negative effects of selling gas in US dollars, including increased production costs and limited purchasing power for consumers. [Extracted from the article]
- Published
- 2024
80. Scarcity May Ease Soon as NNPC Loads Petrol From Dangote Refinery.
- Subjects
PETROLEUM ,INTERNAL revenue ,PETROLEUM refineries ,GASOLINE ,PETROLEUM companies - Abstract
The Nigerian National Petroleum Company (NNPC) has started loading the first batch of fuel from the Dangote Refinery, which is expected to ease the scarcity of petrol in Nigeria. This marks a significant step towards reducing the country's dependence on imported fuel. The NNPC has mobilized over 100 trucks for the loading process, with more on the way. The Dangote Refinery will sell petrol exclusively to the state oil company, NNPC, and in return, NNPC will supply crude oil to the refinery. [Extracted from the article]
- Published
- 2024
81. SERAP Sues Tinubu Over Failure to Reverse Petrol Price.
- Subjects
GAS prices ,PETROLEUM companies ,PETROLEUM products ,PETROLEUM industry ,PRICE increases - Abstract
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu for his government's refusal to reverse the increase in the pump price of petrol. SERAP also wants Tinubu to investigate allegations of corruption and mismanagement in the Nigerian National Petroleum Company (NNPC) Limited. The increase in petrol prices was reportedly caused by a scarcity resulting from suppliers' refusal to import petroleum products due to a $6 billion debt. SERAP is seeking a court order to compel Tinubu to direct the NNPC to reverse the price increase and to investigate and prosecute those responsible for the alleged corruption and mismanagement. The group argues that the price increase is causing hardship and pushing people further into poverty, and holding the NNPC accountable would serve the public interest. [Extracted from the article]
- Published
- 2024
82. Ecopetrol, Petrobras Ordered to Halt Drilling Offshore Gas Well.
- Author
-
Jaramillo, Andrea
- Subjects
GAS well drilling ,OFFSHORE oil well drilling ,ENERGY levels (Quantum mechanics) ,PETROLEUM companies ,NATURAL gas - Abstract
A Colombian judge has ordered Ecopetrol SA and Petroleo Brasileiro SA to halt the drilling of a gas well in the nation's Caribbean waters after an Indigenous community in the area of Taganga claimed that their consent should have been requested before the companies were allowed to drill. This ruling is a setback for both companies, as Colombia is facing a shortfall of natural gas and hopes to rely on deepwater wells for future production. Additionally, Petrobras has also faced setbacks in Brazil due to environmental concerns. [Extracted from the article]
- Published
- 2024
83. SERAP Gives Tinubu 48 Hours to Reverse Petrol Price Hike.
- Subjects
GAS prices ,PETROLEUM industry ,PETROLEUM companies ,INTERNATIONAL obligations ,ADMISSIBLE evidence - Abstract
The Socio-Economic Rights and Accountability Project (SERAP) has given President Bola Tinubu a 48-hour ultimatum to reverse the increase in the price of petrol. They have also called for an investigation into the Nigerian National Petroleum Company (NNPC) Limited. SERAP argues that the increase in petrol price violates constitutional guarantees and international human rights obligations. They have requested that the Attorney General of the Federation and appropriate anti-corruption agencies probe allegations of corruption and mismanagement in the NNPC. SERAP warns that if their demands are not met, they will take legal action. They argue that the increase in petrol price has disproportionately affected marginalized and vulnerable sectors of society, worsening socioeconomic conditions in the country. [Extracted from the article]
- Published
- 2024
84. Petrol Price Hike: NLC Accuses Tinubu of Betrayal, Seeks Reversal.
- Subjects
GAS prices ,BETRAYAL ,PUBLIC demonstrations ,MINIMUM wage ,PETROLEUM companies - Abstract
The article reports that the Nigeria Labour Congress (NLC) has been demanding a reversal of the recent petrol price increase by the Nigerian National Petroleum Company, accusing the government of betrayal. Topics discussed include the new petrol prices reaching up to N900 per litre, the NLC's criticism of the government's failure to implement the national minimum wage, and the broader impact of the price hike on Nigerians.
- Published
- 2024
85. Ogoni: Reps Promise Deeper Collaboration With IOCs, NNPC.
- Subjects
LEGISLATIVE committees ,PETROLEUM companies ,CORPORATIONS - Abstract
The article reports on the pledge made by the Nigerian House of Representatives Committee on Host Communities to coordinate with all stakeholders, including Nigerian National Petroleum Co. Ltd. (NNPC) and international oil companies, to ensure the adequacy of funds for the Ogoni cleanup project.
- Published
- 2024
86. NNPC Debunks Claims of $6.8bn Debts to Foreign Oil Traders.
- Subjects
PETROLEUM ,EXTERNAL debts ,PETROLEUM companies - Abstract
The article reports on the claims denied by Nigerian National Petroleum Co. (NNPC) Ltd. that it owes international oil traders about 6.8 billion dollars.
- Published
- 2024
87. NNPC Uncovers 63 Illegal Refineries in Bayelsa, Rivers, Others.
- Subjects
INDUSTRIAL management ,PETROLEUM ,PETROLEUM companies ,PETROLEUM reservoirs ,WOODEN boats - Abstract
The article focuses on the Nigerian National Petroleum Company's (NNPC) discovery and confiscation of products from 63 illegal refineries in the Niger Delta region. Topics include the recovery of illegal pipeline connections, the arrests made in connection with these activities, and the ongoing delays in restarting operations at the Port Harcourt Refinery.
- Published
- 2024
88. CNPP Demands Suspension of NNPC Boss Mele Kyari.
- Subjects
NIGERIANS ,POLITICAL parties ,PETROLEUM industry ,PETROLEUM companies ,GASOLINE - Abstract
The Conference of Nigeria Political Parties (CNPP) has called on President Bola Tinubu to dismiss Mele Kyari, the chief executive of the Nigerian National Petroleum Company (NNPC), due to allegations of subsidy scams, importation of substandard petroleum products, and mismanagement of the Port Harcourt Refinery. The CNPP argues that the continuous increase in petrol prices has not alleviated the shortage of petrol in the country, causing hardship for Nigerians. They also express concern over the importation of substandard petroleum products and the ongoing rehabilitation of the Port Harcourt Refinery. The CNPP urges President Tinubu to take action to address these issues and ensure justice for the Nigerian people. [Extracted from the article]
- Published
- 2024
89. Dangote Urges NUPRC to Enforce Domestic Crude Supply Obligation.
- Subjects
PETROLEUM ,PETROLEUM industry ,PETROLEUM companies ,LEGISLATIVE committees ,PETROLEUM refineries - Abstract
The Dangote Group has requested that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) enforce the domestic crude supply obligation outlined in the Petroleum Industry Act (PIA). This comes after reports suggested that the group had changed its stance on receiving crude oil from the Nigerian National Petroleum Company (NNPC) for its refinery in Lagos. Dangote Refinery clarified that it had not accused the NNPC of failing to supply them with crude, but rather stated that they had been unable to secure the remaining cargoes needed for September. They urged the NUPRC to enforce the domestic crude supply obligation as mandated by the PIA. [Extracted from the article]
- Published
- 2024
90. Dangote Still Unable to Source Crude Locally.
- Subjects
PETROLEUM ,PETROLEUM industry ,CHIEF executive officers ,ENERGY industries ,PETROLEUM companies - Abstract
Dangote Petroleum Refinery Limited has stated that it has been unable to obtain its full crude oil requirement from domestic sources. The company clarified that it has faced challenges in securing crude oil supply locally for its operations. It urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to enforce the domestic crude supply obligation as mandated by the Petroleum Industry Act (PIA). The company denied reports that it accused the Nigerian National Petroleum Company Limited (NNPCL) of not supplying it with crude, and instead highlighted its difficulty in obtaining the remaining cargoes from both NNPC and international oil companies (IOCs). Dangote Group's CEO, Aliko Dangote, has been involved in controversies with energy sector regulators and IOCs over crude oil supplies to the refinery. [Extracted from the article]
- Published
- 2024
91. Military Task Force to Help Nigeria Reach 2.2mb/d Crude Output.
- Subjects
PETROLEUM ,PETROLEUM industry ,TASK forces ,INDUSTRIAL capacity ,PETROLEUM companies - Abstract
The Joint Task Force South-South, Operation Delta Safe (OPDS), is committed to helping Nigeria achieve its national target of producing 2.2 million barrels of crude oil per day. The OPDS has called on the Nigerian National Petroleum Company (NNPC) Limited and the International Oil Companies (IOCs) to increase production from the current 1.3 million barrels per day due to issues such as oil theft, vandalism, and underinvestment. The OPDS has implemented measures to improve security and production in the Niger Delta, resulting in a daily crude oil output of approximately 1.7 million barrels per day. President Bola Tinubu has also announced economic reforms that have led to an increase in oil production. [Extracted from the article]
- Published
- 2024
92. Pakistan International Oil Limited Established in Abu Dhabi.
- Subjects
ROAD construction ,PETROLEUM companies - Abstract
ECNEC to Consider Rs. 350 Billion Road Construction Projects Today The Consul General of the Consulate of the UAE, Bakheet Ateeq Ali Al-Remeithi, inaugurated the PIOL office in Abu Dhabi. Petroleum Minister Says Matters with IMF to be Settled Soon The exploration concession agreement was signed by the UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan Ahmed Al Jaber, and the MD and CEO of PPL, Moin Raza Khan, on behalf of PIOL on 31 August 2021. A consortium of Pakistan's companies comprising Oil and Gas Development Company Limited (OGDCL), Mari Petroleum Company Limited (MPCL), Government Holdings (Private) Limited (GHPL), and Pakistan Petroleum Limited (PPL) (Operator) has established Pakistan International Oil Limited (PIOL) in Abu Dhabi as an independent joint-venture company. [Extracted from the article]
- Published
- 2022
93. More oil, gas reserves discovered in Bannu.
- Subjects
NATURAL gas reserves ,PETROLEUM reserves ,PETROLEUM companies ,PETROLEUM industry ,GAS flow - Abstract
MPCL is the operator of Bannu West Block, with 55 percent working interest along with the Oil and Gas Development Company Limited (OGDCL) and Zaver Petroleum Corporation (Pvt) Limited (ZPCL) as joint venture partners with 35 percent and 10 percent working interest, respectively. Mari Petroleum Company Limited (MPCL announced the discovery of more gas and oil reserves from Bannu West Block located in North Waziristan. [Extracted from the article]
- Published
- 2022
94. Mari Petroleum Company Limited Announces Gas / Condensate Discovery At Well Bannu West-1 Located In Bannu West Block - KP Province.
- Subjects
GAS condensate reservoirs ,PETROLEUM companies ,CORPORATIONS ,DRILL stem - Abstract
By the grace of Almighty Allah, Mari Petroleum Company Limited (MPCL) is pleased to announce a gas/condensate discovery resulting from its exploratory efforts at Bannu West-1 ST-1 Exploration Well, drilled in Bannu West Block, located in North Waziristan district, KP Province. The Company believes that this is a large gas/condensate discovery and first ever in North Waziristan, which is the results of an aggressive exploration strategy adopted by the Company and supported by the Joint Venture partners. [Extracted from the article]
- Published
- 2022
95. الاستراتيجيات الاتصالية لمبادرات المسئولية الاجتماعية لدى شركات القطاع العام بالبحرين: دراسة تحليلية لموقع انستجرام أثناء أزمة جائحة كورونا.
- Author
-
د . محمد مصطفى رفع
- Subjects
- *
SOCIAL responsibility , *EDUCATIONAL films , *PETROLEUM companies , *COVID-19 pandemic - Abstract
This study aims to identify the communication strategies used in the social responsibility initiatives of the Bahrain Petroleum Company (Bapco) and Aluminum Bahrain (Alba), as they are the two largest companies in the Bahraini public sector, through a qualitative content analysis (topological) of the posts that were published on the official account of the two companies via Instagram, which is related to the social and environmental role of the two companies during the Corona pandemic crisis from February 24, 2020 (the date of announcing the first case of Corona in the Kingdom of Bahrain) until March 25, 2021 (for a full year and one month). The study concluded that the two companies (Alba and Bapco) used the awareness strategy clearly in the posts that were analyzed, as the most important social responsibility initiatives were represented in awareness campaigns to raise health awareness for workers and page followers. In order to clarify the implementation of this strategy at Bapco, we will find the company's announcement on its Instagram page on the awareness lectures that were directed to the workers, as well as many graphic and infographic designs related to the preventive requirements during work. As for Alba, the company has applied this strategy in several aspects, such as awareness videos from doctors and Various designs for awareness also and awareness campaigns that were launched in the second wave of the virus. The Alba company page was distinguished by the continuous update of awareness messages and Corona virus news more than Bapco, while Bapco excelled in the initiative to donate 4 million dinars for the benefit of the Bahrain team to address the Corona virus, as Alba did not make any financial donations throughout the analysis period. The users' interaction in general decreased at the expense of the two companies with the contents related to the Coronavirus, but it should be noted that the users' interaction increased with the Alba Company competitions initiative for the children of workers within the framework of educational videos to reduce infection and the spread of the pandemic by children of the company's employees. [ABSTRACT FROM AUTHOR]
- Published
- 2021
96. Strategic Management Environmental Pattern in National Iranian Oil Company.
- Author
-
Razavi, Seyyed Abdollah, Tajrishi, Iman Mohammadali, and Mahdavi Adeli, Mohammad Hossein
- Subjects
STRATEGIC planning ,PETROLEUM companies ,PETROLEUM production ,FINANCIAL management - Abstract
Purpose and necessity of research: The main issue of this research emerged when a considerable amount of strategy formulation in various petroleum companies in Iran was considered, where documents followed the classical patterns such as the David model of strategy formulation in the prescriptive--consecutive paradigm, with no face of the environmental approaches to conducting the planning process of strategy formulation. In this article, we suggest the pattern of Reeves, Hannes, and Sinha (2015) to choose and execute the right approach for the strategy formulation of National Iranian Oil Company (NIOC). Research methodology: This research is developmental, explanatory, and quantifiable, and the research strategy is surveyed. By its application, the information needed to determine the degree of NIOC environmental strategic dimensions and the prioritization of different patterns of strategy formulation in NIOC were achieved. Research findings: The shared value strategy shaped NIOC as the oil and gas industry leader in the various domestic industries and, above all, into the international market as the OPEC joint partner. NIOC organizational culture adapted the shared value strategy according to creation, leadership, and membership in the share of crude export with OPEC and non-OPEC collaboration during the ages. Therefore, NIOC should craft the shared value strategy for the niches of oil and gas markets. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
97. The Parameters for Drafting Insurance and Indemnity Contractual Clauses as the Subset of Risk Allocation Provisions Outlined in the Main Types of Upstream Petroleum Contracts: A Case Study of IPC.
- Author
-
Sakhaei, Shima and Najafabadi, Abbas Kazemi
- Subjects
INSURANCE ,PETROLEUM companies ,CONTRACTS ,PETROLEUM production ,FINANCIAL management - Abstract
Various types of hazard exist in the upstream oil and gas industry. Therefore, the contracting parties of any petroleum contract always try to reduce the inevitable economic burdens of occurring adverse events arising out of risks in the course of petroleum operation by applying legal approaches such as contractual risk allocation provisions, which can be realized by drafting efficient insurance and indemnity clauses as the subset of risk allocation provisions. Hence, this study addressed the main research question of "What are the necessary parameters for drafting the insurance and indemnity clauses in the main types of upstream petroleum contracts?". To this end, the mentioned clauses stipulated in the main types of upstream petroleum contracts, including concessions, production sharing, and service contracts of 15 different countries worldwide, in addition to the comparative analysis with the new model of Iranian Petroleum Contract (IPC), are examined. Eventually, the hypothesis of this study verified that there should be several parameters such as liability towards risks, limitation of liability, and exclusions/exemptions for drafting the insurance and indemnity clauses in these contracts, that is, the result and the answer to the research question. Moreover, the comparative analysis of the extracted set of parameters needed to draft these clauses legally, with the related ones in IPC, is conducted. Therefore, the existing contractual shortcomings are detected. After that, the necessary suggestions to resolve them are offered, which can enhance the effectiveness of the upstream petroleum contracts and avoid potential litigation in this regard. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
98. Recent advances and opportunities in planning green petroleum supply chains: a model-oriented review.
- Author
-
Abdussalam, Otman, Trochu, Julien, Fello, Nuri, and Chaabane, Amin
- Subjects
- *
PETROLEUM reserves , *SUPPLY chains , *SUPPLY chain management , *PETROLEUM , *PETROLEUM industry , *PETROLEUM companies - Abstract
Today, petroleum companies cannot be competitive and efficient without considering potential solutions provided by sustainable supply chain management (SSCM) optimization models. SSCM can solve different challenges faced by this sector. Academics and practitioners consider the opportunities offered by decision-making tools for planning sustainable petroleum supply chains. Moreover, the ever-increasing number of publications applying decision-making models to the petroleum industry also attests to this fact. Therefore, the primary objective of this study is to understand the evolution of sustainable supply chain planning in the petroleum industry and highlight the specificities of the body of knowledge in this area. A comprehensive analysis is performed using 23 papers published from 2010 to 2019. This paper proposes a classification framework to analyze different factors in developing mathematical models, including the triple bottom line pillars of sustainability (economic, environmental, and social). The main observation is that planning models that focus on all three sustainability dimensions in the petroleum sector are scarce. Regarding the environmental dimension, the analysis demonstrates that consideration of greenhouse gas emissions, especially CO2 impacts, is dominating planning models. Furthermore, there is an absence of quantitative models that include social dimensions, and this gap must be addressed in the future. Finally, we propose future extensions to develop research in SSCM in the petroleum sector, keeping in mind recent developments from both technological and economic drivers in this specific sector. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
99. Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index model
- Author
-
Yanqiu Wang, Zhiwei Zhu, and Zhenbin Liu
- Subjects
Petroleum companies ,TIE ,BCC and Malmquist index model ,China ,Petroleum refining. Petroleum products ,TP690-692.5 ,Petrology ,QE420-499 - Abstract
Abstract This paper took the technological innovation status of the Daqing Petroleum Company in China during 2012–2015 as the subject to analyze the technological innovation efficiency (TIE) from an input-oriented perspective. It presents an approach combining BCC model and Malmquist index model to analyze the TIE and its varying trend of petroleum companies from both static and dynamic perspectives. It finds out the characteristics of changes of the TIE of petroleum companies. It conducts analysis on distribution characters of the results of the evaluation. It ranks the important parameters influencing the TIE. It tests the feasibility and applicability of the new method applied to measure the TIE. It provides analysis tools to evaluate the company TIE. This approach will be helpful to explore new applied area of the DEA models and lay down foundations for the decision makers in related industries.
- Published
- 2019
- Full Text
- View/download PDF
100. Cnergyico Signs A Memorandum Of Understanding (Mou) With Abhi.
- Subjects
LETTERS of intent ,OUTLET stores ,PETROLEUM companies - Abstract
Cnergyico plans to use Abhi's innovative financial technology to facilitate its employees located all across Pakistan. Cnergyico Pk Limited (formerly Byco Petroleum), one of Pakistan's largest petroleum companies, today announced the signing of a memorandum of understanding (MoU) with the financial wellness platform Abhi that provides salary advance service. [Extracted from the article]
- Published
- 2022
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