1,472 results on '"PETROLEUM companies"'
Search Results
2. الإسهام النسبي للنرجسية التنظيمية في التنبؤ بإدمان العمل لدى عينة من العاملين ببعض الشركات البترولية بمحافظة السويس.
- Author
-
صفا أحمد فؤاد محم
- Subjects
- *
GENDER differences (Sociology) , *WORKAHOLISM , *NARCISSISM , *EGYPTIANS , *PETROLEUM companies , *RESEARCH personnel - Abstract
The current research aimed to detect the relationship between organizational narcissism and workaholism, illustrate the contribution of organizational narcissism in predicting workaholism, and determine the presence of statistically significant differences between males and females in workaholism. The research was conducted on a sample of (200) of employees in some petroleum companies in Suez Governorate (125 males & 75 females) whose ages ranged between (27) and (54) years. The tools were Organizational Narcissism Scale (ONS) by Hamedoğlu & Potas (2012) and Work Addiction Risk Test (WART) by Robinson (1999) which have been translated to Arabic and standardized on Egyptian participants by the researcher. The results stated high positive correlation between organizational narcissism and workaholism. The research also emphasized on the relative contribution of organizational narcissism in predicting workaholism. And finally, there were statistically significant differences between males and females in workaholism in favor of males. [ABSTRACT FROM AUTHOR]
- Published
- 2024
3. Climate strategy and its policy implications on the path to net-zero emissions by 2050: A systematic literature review of the petroleum companies.
- Author
-
Saleh, Ridha Ben, Faccilongo, Nicola, and Rana, Roberto
- Subjects
- *
FOSSIL fuel industries , *BUSINESS cycles , *PETROLEUM companies , *RECESSIONS , *ECONOMIC expansion - Abstract
This study aims to review the literature on the impact of climate strategy on the environmental and financial performance in addition of its policy implication of petroleum companies. To do so, a systematic literate review (SLR) was carried out on data from 2015 to 2022. Among 500 relevant articles, 41 were subjected to deep analysis using a Prisma model. The results revealed that, first, approximately 74% of the deeply-investigated literature was on macroeconomics while about only 26% was on microeconomics. Second, the majority of studies reported that eco innovation and RE have statistically significant positive impacts on the environment, but few suggested that the impact of eco innovation on the environment is harmful due to eco innovation negative shocks during the contraction economic cycle and specific characteristic of a country. Third, results showed that RE technologies are more labour-intensive than fossil fuels industry. Finally, the results indicate that the implications of increasing RE on economic growth are inclusive, especially in petrostate countries. This study contains valuable implications and suggestions for academics and policymakers. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
4. How to defy America.
- Subjects
- *
PETROLEUM companies , *INTERNATIONAL trade , *GOVERNMENT revenue - Published
- 2024
5. The effect of fluid, rock, and reservoir properties on pressure distribution at oil reservoir: a case study for data obtained from the source of Turkish Petroleum Company.
- Author
-
Al-Abbadi, Abdulkareem Ali Mohammed and Toğrul, Hasan
- Subjects
PETROLEUM distribution ,PETROLEUM companies ,PRESSURE drop (Fluid dynamics) ,OIL fields ,PETROLEUM reservoirs ,FLUIDS - Abstract
Various features such as viscosity, formation volume factor, porosity, permeability and reservoir height, boundary pressure, boundary radius, and parameters such as production time and production flow rate, also affect location-dependent pressure distribution between the reservoir boundary radius and the well center. Even though the equations used in the calculations give an idea about how the effects of these parameters, it is not possible to predict the increase or decrease trend for each parameter directly from pressure distribution equations. It is possible to determine the effect of each parameter either experimentally or theoretically with computer-aided calculations. X values versus –E
i (X) values were modeled by using the trial version of Curve Expert Basic 2.2.3 in the range of 0.01 < X ≤ 0.209, 0.209 < X ≤ 2.09, and 2.09 < X ≤ 10.9. it was determined that DR-Hill, rational model, and hyperbolic decline models were suitable for the X, -Ei (X) data set in the ranges of 0.01 < X ≤ 0.209, 0.209 < X ≤ 2.09, and 2.09 < X ≤ 10.9, respectively. The chi-square values of these models were determined as 1.608E-5, 1.911E-6, and 8.6E-10, respectively. In this study, oil field data of Turkish Petroleum Company (TPAO) were analyzed and the minimum and maximum values of viscosity, formation volume factor, porosity, permeability, and reservoir height were determined. The effect of each parameter on pressure change with distance from the well center was investigated using a model and computer program developed in this study. In addition, some calculations were made with parameter values of selected specific wells in TPAO fields. It has been determined that the log approach changes with distance depending on different production times, flow rates, and reservoir characteristics, the -Ei (X) values also change depending on the X values. As a result, the pressure drop at different distances shows different decreasing trends with the reservoir characteristics. Considering the individual and cumulative effects of each parameter given in the results section, it has been determined that continuous production will not be possible at high production flow rates in wells that have the same properties with the minimum reservoir parameters values and in the chosen specific wells with reservoir properties close to these minimum values obtained from the TPAO source. [ABSTRACT FROM AUTHOR]- Published
- 2024
- Full Text
- View/download PDF
6. PROSPECTIVE GAS RESOURCES WITH EMPHASIS ON WET GAS IN ONSHORE COLOMBIAN BASINS.
- Author
-
Posada-Saldarriaga, Claudia-Rosa, Mora-Hernández, César-Augusto, Silveira-Moreno, Gleubis-Belén, and Bermúdez-Cella, Mauricio-Alberto
- Subjects
LIQUEFIED petroleum gas ,NATURAL gas ,PETROLEUM companies ,GAS analysis ,SELF-reliant living - Abstract
Copyright of Revista Facultad de Ingeniería - UPTC is the property of Universidad Pedagogica y Tecnologica de Colombia, Facultad de Ingenieria and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
7. K-Electric Seeks Petroleum Division's Support for Mari Gas Supply.
- Subjects
CHIEF strategy officers ,PETROLEUM companies ,GAS companies ,PRICES ,ECONOMIC expansion - Abstract
K-Electric (KE) has reached out to the Petroleum Division for assistance in obtaining 100 MMSCFD of surplus indigenous gas from Mari Petroleum Company Limited (MPCL) after MPCL's contract with SNGPL expired. KE has been in discussions with various gas exploration companies, including Mari, to secure this gas allocation. By obtaining this gas, KE could significantly reduce its generation costs, potentially saving $328 million annually and reducing the need for subsidies. KE emphasizes the importance of securing low-cost gas to provide affordable power to Karachi's consumers, alleviate high electricity bills, and support economic growth. [Extracted from the article]
- Published
- 2024
8. Mari Mining Secures Exploration Licenses in Chagai District.
- Subjects
MINES & mineral resources ,PETROLEUM companies - Abstract
Mari Mining Company (MMC), a subsidiary of Mari Petroleum Company Limited (MPCL), has been granted two exploration licenses by the Directorate General of Mines and Minerals Balochistan. The licenses, EL-322 and EL-323, cover areas of 501.03 square kilometers and 512.76 square kilometers in Chagai District, Balochistan. MMC's acquisition of these licenses aligns with MPCL's strategy to expand its mining ventures and contribute to the growth of Pakistan's mineral mining sector. [Extracted from the article]
- Published
- 2024
9. Faheem Haider Reappointed as Managing Director/CEO of Mari Petroleum Company Limited.
- Subjects
PETROLEUM companies ,CORPORATIONS ,CHIEF executive officers ,GAS industry - Abstract
Faheem Haider has been reappointed as the Managing Director/CEO of Mari Petroleum Company Limited (MPCL) for another three-year term, starting on August 12, 2024. This decision, confirmed by a notice to the Pakistan Stock Exchange, demonstrates the Board's confidence in Haider's leadership. With extensive experience in the global oil and gas sectors, Haider has played a crucial role in guiding MPCL towards growth and strategic excellence. His reappointment is expected to strengthen the company's position in the industry and drive further success and innovation. The Board's decision reflects their commitment to stability and advancing MPCL's strategic objectives under Haider's proven guidance. [Extracted from the article]
- Published
- 2024
10. PARTICIPATORY COMMUNICATION, HOST COMMUNITIES' DEVELOPMENT IN PUBLIC POLICY REFORMS: AN APPRAISAL OF NIGERIA'S PETROLEUM INDUSTRY ACT 2021-2024.
- Author
-
Ugo, Solomon Ugo, Wogu, Joseph, Egere, Nicholas, Ojoi, Asiba Essien, Eroh, Sampson Emeka, and Vincent, Oyamo
- Subjects
- *
PETROLEUM industry , *PETROLEUM companies , *ENERGY industries , *STAKEHOLDERS - Abstract
The long and tedious walk to the eventual implementation of the Petroleum Industry Act after different stages of publichearings atstakeholders' level and committee stages at the National Assembly became feasible following President Muhammadu Buhari's assent in 2021. Chapter 3, section 240 of the Act gives consent for 3 percent annual profits from oil companies operating in different communities in the Niger Delta for host communities' development to be administer by Host Communities Development Trust Fund and supervised by the Nigerian Upstream Regulatory Commission NUPRC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPR). Even though the passage of the PIA heralded a supposed new dawn for oil producing communities to overcome different throes of oil extraction induced underdevelopment as part of the gains of public sector reforms such as the PIA, yet participatory communication driven interaction through development oriented communication to acquaint every host community with key provisions of the PIA to get them involved in decision making and implementation of the policy thrust seems elusive. This study therefore seeks to, efficacy of participatory communication in engendering stakeholder's interest in the composition of Board of Trustees of Host Communities Development Trust Fund and utilisation of funds for development purposes, possible breaches and channels that monitor provisions of Petroleum Industry Act to enhance its operational efficiency for Host Communities Development. The study was anchored on the development media theory and participatory communication theory. Survey method was adopted for the study with questionnaire and In-Depth Personal Interviews as instruments for data collection. Using multi stage sampling technique, data were analysed in simple percentages presentation and themes. Among other findings, the study revealed that lack of in-depth knowledge and abysmal awareness on the provisions of the PIA often results in breaches against chapter 3 of the PIA advocating for openness and transparency in implementing PIA provisions on host communities. The study recommends that international organisations, environmental rights agenda, state governments and development partners should sponsor the media to carry out quarterly open dialogue on transparency in the implementation of the PIA, to entrench an aggressive, indigenous and strategic media campaign to drive comprehensive knowledge about the PIA in different host communities across oil producing areas and total responsibility of safeguarding oil facilities should be borned by oil operators rather than putting a caveat on the host communities as requirement for benefiting from the 3 percent profits for Host Communities Development Trust Fund. [ABSTRACT FROM AUTHOR]
- Published
- 2024
11. MPCL makes another oil discovery in Sindh.
- Subjects
PETROLEUM ,PETROLEUM companies - Abstract
Mari Petroleum Company Limited (MPCL) has announced a new oil discovery in Sindh Province, Pakistan. The discovery was made at the Shawal-1 Well, which was drilled in the Mari Development and Production Lease site. The well produced 1,040 barrels of oil and 2.5 MMSCFD of associated gas during testing. MPCL plans to further evaluate the discovery and explore its development options. The company aims to increase hydrocarbon production in the country through maximizing production from existing fields and discovering new resources. [Extracted from the article]
- Published
- 2024
12. EVALUATION OF CATHODIC PROTECTION SYSTEM FOR PIPELINES AT BREGA PETROLEUM MARKETING COMPANY IN LIBYA.
- Author
-
Khalid, Hafiez M. B., Awath, Khlad F. G., and Fadiel, Ali F. Ali
- Subjects
CATHODIC protection ,PETROLEUM companies ,VEGETABLE oils ,PETROLEUM transportation ,PROTECTIVE coatings - Abstract
Cathodic protection (CP) is the most effective method for protecting petroleum facilities against corrosion. As part of this protection, care should be taken to continuously evaluate the existing system in order to maintain the system in favorable conditions. The subject of the paper's research is an oil plant for the transportation of oil derivatives located at the Brega company in Tobruk, Libya. In the present work, a case study on how to evaluate the CP system for an existing company for petroleum transportation is considered. The procedure was planned in three steps. The first step is a historical survey of the CP system from when the company started. The second was a diagnostic analysis study of the problem and how to fix it along the system. The third is the conclusions and recommendations regarding the measures for evaluating the CP system without stopping production. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
13. Petroleum sludge formation and its treatment methodologies: a review.
- Author
-
Hasan, Abdulraheim M. A., Kamal, Rasha S., Farag, Reem K., and Abdel-raouf, Manar E.
- Subjects
PETROLEUM ,PETROLEUM chemistry ,PETROLEUM companies ,PRODUCTION scheduling ,ENVIRONMENTAL regulations - Abstract
Different petroleum operations produce huge amount of oil sludge annually. For instance, US EPA estimates the annual sludge production of each US refinery of 30,000 tons, while the average oily sludge produced from petrochemical industries in China is estimated about 3 million tons per year. In the last year, our center could recover about 30,206 barrels of raw oil from 32,786 barrels of tank bottom sludge (TBS) for different petroleum companies. This sludge causes huge economic losses besides its negative environmental impacts. The accumulation of sludge in the tanks results in reducing the tanks' capacity for storing liquid crude, accelerating the corrosion of the tanks, delay in the production schedule, and disturbing the whole production operation. There are diverse treatment methodologies such as solvent treatment, addition of certain chemicals, and centrifuging. Of course, the environmental regulations and the overall cost limitations are very important in deciding the preferred applicable method(s). Although several works handled the problem of sludge deposition and treatment from different aspects, we intend to introduce a different work. First, composition, formation, types, and properties of TBS were reviewed. Then, environmental and economic problems caused by TBS were revised. At last, different methodologies applied for treatment of oily TBS to recover oil and safe disposal of hazardous remains were investigated focusing on the most straightforward and environmentally friendly protocols. It is expected that this review attracts the experts in petroleum chemistry, and other relevant fields and provides a comprehensive understanding of current sludge control and treatment research. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
14. Maintenance scheduling for compressors considering asset performance and cost.
- Author
-
Aji, Muhammad Bayu Prasetyo and Cahyo, Winda Nur
- Subjects
- *
COMPRESSORS , *MAINTENANCE costs , *INTERVAL analysis , *PETROLEUM companies , *CONDITION-based maintenance , *GAS companies , *PRODUCTION scheduling , *SCHEDULING - Abstract
PT. X is an oil and gas company. As a petroleum processing company, this company has various types of machines, one of which is a compressor which requires structured maintenance. The high rate of failure and downtime causes high maintenance costs. This study uses the Reliability Centered Maintenance (RCM) method. This method is used to determine the reliability of the machine and also determine the maintenance schedule and the cost required for maintenance. The first step of the research is to determine the critical machine, then perform a breakdown interval analysis of the machine and calculate the reliability value of the machine, determine the maintenance schedule is also carried out to reduce maintenance costs. The results showed that there were 3 types of critical compressor engines, the 3 machines were identified as TBF from cylinder K-3-02 with TBF of 82. 3 days and reliability when TBF was 37.28%, K-5-02 with TBF 109.37 days, and reliability when TBF was 36.8%. K-1-01 with TBF 114.7 days and reliability when TBF was 34.5%. The suggestion is that maintenance when failure approaches 70% on each machine, it is found that the breakdown time for the three components is reduced from 96 hours to 65 hours in one year with maintenance intervals of 35 days on K-3-02 and 70 days on K-1-01 and K -5-02. With the new maintenance policy, maintenance costs for these three components can be reduced up to IDR 62,617,707 in one year. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
15. MPCL announces gas discovery.
- Subjects
DRILL stem ,GASES ,GAS flow ,PETROLEUM companies - Abstract
Mari Petroleum Company Limited (MPCL) has announced a gas discovery in Block 28, Kohlu District, Balochistan Province. The well was drilled from June 12, 2023, to November 12, 2023, and multiple promising zones were tested. This discovery is significant for future exploration and provides valuable information about the petroleum system in the area. MPCL plans to continue exploration activities and determine the flow contribution from each formation through a Production Logging Tool (PLT) survey. The Directorate General of Petroleum Concessions (DGPC) commends MPCL for their efforts in drilling the first exploratory well in a highly security sensitive area. [Extracted from the article]
- Published
- 2024
16. MARI PETROLEUM COMPANY ANNOUNCES GAS DISCOVERY AT ITS MAINWAND X-1 ST-1 WELL LOCATED IN BLOCK - 28, BALOCHISTAN PROVINCE.
- Subjects
PETROLEUM companies ,GAS companies ,DRILL stem ,PROVINCES ,GAS flow - Abstract
Mari Petroleum Company Limited (MPCL) has announced a gas discovery at its Maiwand X-1 St-1 exploration well in Block 28, located in the Kohlu District of Balochistan Province. The well was drilled from June 12, 2023, to November 12, 2023, reaching a depth of 2,516 meters. Multiple zones were tested, with promising results, and the discovery provides valuable information about the petroleum system in the area. MPCL plans to continue exploration activities in the region and will conduct a Production Logging Tool survey to determine the flow contribution from each formation. The Directorate General of Petroleum Concessions has commended MPCL's efforts in drilling the first exploratory well in a security-sensitive area where exploration activities had been halted since 1991. [Extracted from the article]
- Published
- 2024
17. MPCL successfully drills well in Mari Deep Goru-B formation.
- Subjects
GAS condensate reservoirs ,PETROLEUM companies - Abstract
Mari Petroleum Company Limited (MPCL) has successfully drilled a development well in the Mari Deep Goru-B formation in the Mari Development and Production Lease (D and PL), Sindh. The well was drilled to a depth of 2,975 meters and tested at 19 million standard cubic feet per day (MMSCFD) gas and 8.3 barrels per day (BPD) condensate. After processing at the Sachal Gas Processing Complex (SGPC), the gas will be supplied to SNGPL. MPCL is the operator of Mari D and PL with 100 percent working interest. [Extracted from the article]
- Published
- 2024
18. Analyzing the Relationships between Servant Leadership, and Employee Satisfaction: An Applied Study on Petroleum Sector Companies in the Arab Republic of Egypt.
- Subjects
JOB satisfaction ,SERVANT leadership ,PETROLEUM companies ,PETROLEUM industry - Abstract
Copyright of Financial & Business Studies Journal / Maǧallaẗ Al-Dirāsāt Al-Māliyyaẗ wa Al-Tiǧāriyyaẗ is the property of Beni Suef University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2023
19. Analyzing the Relationships between Servant Leadership, and Organizational Commitment: an Applied Study on Petroleum Sector Companies in the Arab Republic of Egypt.
- Subjects
SERVANT leadership ,ORGANIZATIONAL commitment ,PETROLEUM companies ,PETROLEUM industry - Abstract
Copyright of Financial & Business Studies Journal / Maǧallaẗ Al-Dirāsāt Al-Māliyyaẗ wa Al-Tiǧāriyyaẗ is the property of Beni Suef University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2023
20. Use of Management Control as a Stimulus for Organizational Resilience: single-entity survey in a petroleum derivatives company.
- Author
-
Bragueto Martins, Daiana and Frezatti, Fábio
- Subjects
ORGANIZATIONAL resilience ,PETROLEUM companies ,INSTITUTIONAL environment ,STRUCTURAL models ,POSITIVE systems - Abstract
Purpose: The paper aims to investigated how the use of the Management Control System influences in the management of organizational resilience in a Brazilian company. Method: A survey single entity developed in a Brazilian oil derivative trading company with structure, size and management control system required for the research. The data were collected based on a questionnaire sent to executives from different department For data analysis, the structural model was estimated using the partial least squares method (PLS-PM - Partial Least Squares Path Modeling). Results: The results support the hypothesis that the use of the management control system has a positive impact on the strategic. Thus, it was observed that high levels of the use of the management control system in the forms of beliefs systems, boundary systems, diagnostic control system and interactive control system increase the organization's capacity for resilience by acting in a proactive way, with strategic vision facing the business context's adversities, providing the strategic renewal proposed by Simons (1995). Contributions: The theoretical contribution lies in the development of a model that aims to assist organizations in managing organizational resilience through management control systems. The use of the priority map for data analysis brought a practical point of view, this helps managers to decide which pattern of control best fits the circumstances in which they operate and their strategic challenges, contribute to understanding how the use of management control system impacts on the resilience in the organizational environment. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
21. Sustainability, investment strategy, and governance: evaluation of wind energy sector in North-West Spain.
- Author
-
Fernández-González, Raquel, Puime-Guillén, Félix, Tandir, Nataša, and Rodríguez de Prado, Francisco
- Subjects
WIND power ,ENERGY industries ,INTERNAL rate of return ,CLEAN energy industries ,SUSTAINABILITY ,FINANCIAL statements ,INVESTMENT policy ,PETROLEUM companies ,PROJECT finance - Abstract
Climate change is one of the greatest challenges humanity faces globally. For this reason, governmental efforts to reduce emissions of polluting gases have multiplied in the last decade. Against this panorama, petroleum companies have adopted a strategic policy focused on energy diversification, intending to contribute to sustainable development. In the case of Spain, wind energy has been one of the renewable energies that have attracted the most investment from petroleum companies. In particular, this trend is especially acute in Galicia (a region located in the northwest of Spain), since its biophysical conditions and, above all, its institutional framework for the promotion of photovoltaic energy has aroused the interest of petroleum companies. The objective of this article is to perform a feasibility analysis of an average wind project in Galicia. through the calculation of the initial investment, the necessary financing, and the preparation of balance sheets and profit and loss accounts. For this purpose, the methodology used is based on the preparation of a feasibility plan, through which the necessary investment is analyzed and the flows of receipts and payments generated by the company are considered. In this way, this analysis is intended to be useful for companies that are considering the appropriateness/inappropriateness to carry out this type of investment. The results show a high internal rate of return, which indicates the high profitability of the project. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
22. MANAGING CHANGE IN NIGERIA NATIONAL PETROLEUM COMPANY: STAKEHOLDERS' CONCERNS, CHALLENGES AND THE WAY FORWARD.
- Author
-
EJOH, Ejiro and OMOILE, Patrick A.
- Subjects
- *
PETROLEUM companies , *COMPLEXITY (Philosophy) , *PETROLEUM industry , *GOVERNMENT ownership , *CHANGE management , *GAS industry - Abstract
The enactment of the Petroleum Industry Act (PIA) 2021 by the Federal Government of Nigeria marks the culmination of a 20-year effort to reform the oil and gas sector, creating a conducive environment for growth and addressing community grievances. This study utilizes a change management approach, employing a portfolio management framework to assess the preparedness of the Nigeria National Petroleum Company (NNPC) and industry stakeholders for implementing the Act's stringent timeline. Drawing on chaos theory and complex systems theory, the research examines the challenges of change management in the oil and gas industry, considering cultural differences, miscommunications, and coordination issues among multinational players. The study emphasizes the importance of cultural, historical, and leadership factors, along with policies, processes, accountability hierarchy, change agenda, human resources, and technological integration in assessing change readiness and preparedness. The findings reveal that stakeholders and other predictors hinder favorable change execution, emphasizing the significance of change management in assessing readiness. Additionally, the study highlights the need for deep reform in the NNPC and the potential benefits of privatization, with a commerce-oriented board and direct public ownership. Recognizing the interdependencies within the petroleum industry, the research underscores the importance of identifying and integrating systems in the change plan. By contributing to the understanding of how PIA implementation affects industry players' willingness to change, this study offers implications for oil and gas firm managers and policymakers to enhance change management preparedness. This study recommends transparency, accountability, and a business model that benefits the country, thereby repositioning the new NNPC into a new style and philosophy, akin to successful entities like Saudi Arabia's Aramco and Brazil's Petrobras. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
23. Risks, the petroleum company, and the ongoing sustainable energy transition.
- Author
-
EBELING, Francisco
- Subjects
PETROLEUM companies ,RENEWABLE energy transition (Government policy) ,SCIENTIFIC literature ,RISK management in business ,RISK society ,ENVIRONMENTAL management ,MARINE accidents ,CARBON offsetting ,RENEWABLE energy sources ,GAS companies ,PETROLEUM industry - Abstract
Copyright of Desenvolvimento e Meio Ambiente is the property of Universidade Federal do Parana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2023
- Full Text
- View/download PDF
24. THE TERROR ACTS OF Henry Okah: Part 1.
- Subjects
- *
KIDNAPPING , *PETROLEUM pipelines , *GROSS domestic product , *PETROLEUM companies - Abstract
Nigeria has an abundance of oil resources, with oil extraction comprising a substantial part of its Gross Domestic Product (GDP). The oil is primarily sourced from the southern regions of Nigeria, specifically the Niger Delta area. Unfortunately, a significant portion of the revenue generated from oil has not been reinvested in improving the region's infrastructure and addressing its social needs. Consequently, this has resulted in a widespread uprising among the local population against the Nigerian government. Various militant groups emerged, initiating attacks on the pipelines of major oil companies, and kidnapping their executives for ransom. These ransoms were then used to procure additional weaponry to support their armed struggle. These disparate militant factions eventually united under a collective entity known as "The Movement for the Emancipation of the Niger Delta" (MEND). Since 2006, MEND has been responsible for the destruction of oil pipelines, the kidnapping of petroleum company employees and clashes with government forces. At the helm of MEND was Henry Emomotimi Okah, who resided in South Africa along with his wife and four children. [ABSTRACT FROM AUTHOR]
- Published
- 2023
25. PPL: operated joint venture discovers gas and condensate in Sindh.
- Subjects
GAS condensate reservoirs ,JOINT ventures ,POWER resources ,BAND gaps ,ENERGY consumption ,PETROLEUM companies - Abstract
Pakistan Petroleum Limited, in partnership with Mari Petroleum Company Limited, Sindh Energy Holding Company Limited, and Government Holdings (Private) Limited, has made a gas and condensate discovery at the Jhim East X: 1 exploration well in Sindh. This is the second discovery in the Shah Bandar Block. The well flowed 13.69 MMscfd gas and 236 barrels/day condensate during testing. The discovery will contribute to reducing the gap between energy supply and demand in Pakistan. [Extracted from the article]
- Published
- 2023
26. Mari says EWT production from Ghazij: 2 Well has commenced.
- Subjects
POWER resources ,PETROLEUM companies ,ENERGY consumption ,SUPPLY & demand ,CORPORATIONS - Abstract
Mari Petroleum Company Limited has announced that Extended Well Testing (EWT) production has begun from Well Ghazij: 2 in the Mari Development and Production Lease (DandPL) in Daharki, Sindh. The company successfully drilled and tested the appraisal well, and it is currently producing around 8 million standard cubic feet per day (MMSCFD) of gas, which is being supplied to SNGPL. This new gas supply will help reduce the energy demand and supply gap in Pakistan during the upcoming winter season and contribute to saving foreign exchange through domestic hydrocarbon production. Mari Petroleum Company Limited operates the Mari DandPL with a 100 percent working interest. [Extracted from the article]
- Published
- 2023
27. Workplace accident analysis in the Algerian oil and gas industry.
- Author
-
Zerrouki, Hamza, Ghozlane, Mohamed Djamel Eddine, Estrada Lugo, Hector Diego, and Patelli, Edoardo
- Subjects
WORK-related injuries ,GAS industry ,PETROLEUM industry ,NATURAL gas prospecting ,GAS companies ,PETROLEUM companies ,SOCIAL security - Abstract
A total of 42,032 workplace accidents were reported in 2021 by the Algerian National Social Insurance Fund for Salaried Workers in Algeria, of which 38,225 were accidents within the workplace and 3807 were related to traffic accidents or other reasons. Most of these accidents were recorded in the building and construction field, followed by the oil and gas company exploration and drilling, which comes at the forefront of the Sonatrach company. This study aims to analyze accidents in the workplace using quantitative and qualitative methods to determine the corresponding causes. Our study was carried out in collaboration with Sonatrach in south Algeria where information and reports on work accidents from years 2017 to 2021 were collected. Data acquired were classified and analyzed according to the location and time of the accident. Based on the results obtained, we found that the human factor was the main cause of most accidents due to nonrespect of safety procedures and lack of concentration of workers. The results of the analysis suggest implementation of a break time during the afternoon, avoiding long overtime hours, suspending work outside stations during high temperatures periods in July and August as well as suspending work when sandstorms appear in winter. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
28. Stock Price Forecasting of IBEX35 Companies in the Petroleum, Electricity, and Gas Industries.
- Author
-
Todorov, Ivan Borisov and Sánchez Lasheras, Fernando
- Subjects
- *
STOCK price forecasting , *PETROLEUM companies , *GAS industry , *STATISTICAL smoothing , *EARNINGS forecasting , *STOCK prices , *DEMAND forecasting - Abstract
In recent years, time series forecasting has become an essential tool for stock market analysts to make informed decisions regarding stock prices. The present research makes use of various exponential smoothing forecasting methods. These include exponential smoothing with multiplicative errors and additive trend (MAN), exponential smoothing with multiplicative errors (MNN), and simple exponential smoothing with additive errors (ANN) for the forecasting of the stock prices of six different companies in the petroleum, electricity, and gas industries that are listed in the IBEX35 index. The database employed for this research contained the IBEX35 index values and stock closing prices from 3 January 2000 to 30 December 2022. The models trained with this data were employed in order to forecast the index value and the closing prices of the stocks under study from 2 January 2023 to 24 March 2023. The results obtained confirmed that although none of the proposed models outperformed the rest for all the companies, it is possible to calculate forecasting models able to predict a 95% confidence interval about real stock closing values and where the index will be in the following three months. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
29. Practice and thought on promoting healthy enterprise campaign in petroleum and petrochemical companies.
- Author
-
DONG Yongzhao
- Subjects
- *
PETROLEUM companies , *BUSINESS enterprises - Published
- 2023
- Full Text
- View/download PDF
30. أثر التقنية الحديثة في ممارسات الأعمال المكتبية بشركات البترول السودانية الموجودة بولاية الخرطوم
- Author
-
الطاهر احمد محمد علي and زحل خالد يوسف الخضر
- Subjects
PETROLEUM companies ,INFORMATION technology security ,SUDANESE ,SUPERVISORS ,QUESTIONNAIRES - Abstract
Copyright of Arab Journal for Humanities & Social Sciences is the property of AL-Sunbula Center for Research and Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2023
31. Oil industry, OGRA at odds over HSD price cut.
- Subjects
PETROLEUM industry ,PRICE cutting ,PRICES ,GAS prices ,PETROLEUM companies - Abstract
The oil industry and the Oil and Gas Regulatory Authority (OGRA) are at odds over the decision to lower the price of high speed diesel (HSD) by 2.4 percent for the second half of July, a move that the industry says violates the pricing formula agreed upon last year. The OCAC does not agree with OGRA's stance in its rebuttal, saying that the regulator has completely ignored the fact that this application of the new HSD premium has caused huge and unjustified losses to the industry. The Oil Companies Advisory Council (OCAC) on Wednesday reiterated its stance, saying that the government and OGRA have violated the pricing formula decided in the Economic Coordination Committee of the cabinet meeting held on July 28, 2020. [Extracted from the article]
- Published
- 2023
32. Automated Settings of Overcurrent Relays Considering Transformer Phase Shift and Distributed Generators Using Gorilla Troops Optimizer.
- Author
-
Draz, Abdelmonem, Elkholy, Mahmoud M., and El-Fergany, Attia A.
- Subjects
- *
GORILLA (Genus) , *DISTRIBUTED power generation , *SAFETY appliances , *PETROLEUM companies - Abstract
The relative protective devices are cascaded in a proper sequence with a proper min/max coordination time margin (CTM) to minimize the outage area of the network in case of fault condition. This manuscript addresses a new methodology based on the gorilla troops optimizer (GTO) to produce the best automated settings for overcurrent relays. In the GTO, the exploration and exploitation phases are realized using five methodologies. Three of them are used in the exploration phase and the other two in the exploitation phase. In the exploration phase, all gorillas are considered as candidate solutions and the best one is considered as the silverback gorilla. Then again, the exploitation phase comprises two steps: (i) the first one is the follow of silverback gorilla, and (ii) the second one is the competition for adult females. The latter mentioned offers an added advantage to the GTO framework to move forward steadily to global minima and to avoid trapping into local minima. Two test cases under numerous scenarios are demonstrated comprising an isolated real distribution network with distributed generations for the Agiba Petroleum company which is in the Western Desert of Egypt. The relay coordination problem is adapted as an optimization problem subject to a set of predefined constraints which is solved using the GTO including fixed and varied inverse IEC curves, in which the practical constraints including transformer phase shift and other scenarios for min/max fault conditions are dealt with. In due course, this current effort aims at proving the best strategy for achieving the smoothest coordination of overcurrent relays (OCRs), with the least obtained value of CTMs for the studied cases being established via the automated relay settings. At last, it can be pointed out that the GTO successfully dealt with this problem and was able to produce competitive answers compared to other competitors. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
33. Avalprovisionen als Schuldzinsen.
- Author
-
Wendt, Michael
- Subjects
FEDERAL court decisions ,INCOME tax ,COST ,TAX courts ,PETROLEUM companies ,WAGES ,BUSINESS ,ADMINISTRATIVE fees ,BANKING industry - Abstract
Copyright of FinanzRundschau is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2023
- Full Text
- View/download PDF
34. Prediction of Well Logs Data and Estimation of Petrophysical Parameters of Mishrif Formation, Nasiriya Field, South of Iraq Using Artificial Neural Network (ANN).
- Author
-
Abdulsahib Mohammed, Abbas Kareem and Dhaidan, Mohammed Kareem
- Subjects
- *
DATA logging , *PARAMETER estimation , *HYDROCARBON reservoirs , *GAMMA rays , *DATA scrubbing , *PETROLEUM companies , *ARTIFICIAL neural networks - Abstract
Petrophysical properties including volume of shale, porosity and water saturation are significance parameters for petroleum companies in evaluating the reservoirs and determining the hydrocarbon zones. These can be achieved through conventional petrophysical calculations from the well logs data such as gamma ray, sonic, neutron, density and deep resistivity. The well logging operations of the targeted limestone Mishrif reservoirs in Ns-X Well, Nasiriya Oilfield, south of Iraq could not be done due to some problems related to the well condition. The gamma ray log was the only recorded log through the cased borehole. Therefore, evaluating the reservoirs and estimating the perforation zones has not performed and the drilled well was abandoned. This paper presents a solution to estimate the missing openhole logs of Mishrif Formation including sonic, neutron, density and deep resistivity using supervised Artificial Neural Network (ANN) in Petrel software (2016.2). Furthermore, the original gamma-ray log along with the predicted logs data from ANN models were processed, and the petrophysical properties including volume of shale, effective porosity and water saturation were calculated to determine the hydrocarbon zones. The ANN Mishrif Formation models recorded coefficient of determination (R²) of 0.65, 0.77, 0.82, and 0.04 between the predicted and the tested logs data with total correlations of 0.67, 0.91, 0.84 and 0.57 for sonic, neutron, density, and resistivity logs respectively. The best possible hydrocarbon-bearing zone ranges from the depth of about 1980-2030 m in the mB1unit. The ANN provides a good accuracy and data matching in clean and non-heterogeneous formations compared to those with higher heterogeneity that contain more than one type of lithology. The Ns-X Well can, therefore, be linked to the development plans of the Nasiriya Field instead of neglect it. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
35. Energy giants will lead pursuit of green hydrogen projects.
- Subjects
ENERGY industries ,HYDROGEN ,LETTERS of intent ,CLEAN energy ,PETROLEUM companies - Abstract
The MoU was signed by Ahmed Hayat Lak, MD/CEO OGDCL; Shahid Mahmood Khan, MD PARCO; Imran Abbasy, MD/CEO PPL; Fahim Haider, MD/CEO MPCL; and Masood Nabi, MD GHPL on behalf of their respective companies. Oil and Gas Development Company Limited (OGDCL), Pak-Arab Refinery Limited (PARCO), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), and Government Holdings Private Limited (GHPL) have signed a Memorandum of Understanding (MoU) to explore and pursue green hydrogen opportunities within and outside Pakistan. [Extracted from the article]
- Published
- 2023
36. Multiperiod optimal planning of biofuel refueling stations: A bi-level game-theoretic approach.
- Author
-
Wang, Guotao, Liao, Qi, Wang, Chang, Liang, Yongtu, and Zhang, Haoran
- Subjects
- *
BIOMASS energy , *CARBON taxes , *CLIMATE extremes , *FUELING , *PETROLEUM companies , *RETAIL industry - Abstract
Energy suppliers pay more and more attention to bioenergy which has great potential for responding to extreme climate challenges. Nevertheless, few studies concentrate on the optimal planning of the downstream bioenergy supply chain. This study proposes a multiperiod bilevel game-theoretic framework for the optimal planning of biofuel refueling stations, including an upper-level model for petroleum companies and a lower-level model for biofuel companies. Based on the characteristic of the game theory and the implementation of carbon taxes, four scenarios are established. Finally, the proposed method is validated by a real-world case in Beijing, China. Under the upper limit of the blending ratio, the results show that cooperation can achieve the biggest overall profit. Petroleum companies are more profitable for cooperating with biofuel companies no matter whether carbon tax exists or not. Biofuel companies can get more profit if they non-cooperate with petroleum companies when there is no carbon tax, but the existence of the carbon tax makes it more profitable for biofuel companies to cooperate with petroleum companies. Besides, the best choice for biofuel companies to enter the fuel retailing market is the early stage of energy transition when no carbon tax exists or carbon tax is low. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
37. A new approach to evaluate environmental strategy: Empirical evidence from international petroleum companies using the balanced scorecard model.
- Author
-
Rahuma, Abdulhamid and Fethi, Sami
- Subjects
PETROLEUM companies ,BALANCED scorecard ,CARBON emissions ,PETROLEUM products ,RESOURCE allocation ,MATHEMATICAL forms - Abstract
The core of this study is to empirically evaluate the environmental strategy in terms of carbon dioxide emissions (CO2) from the perspectives of both managers and investors. The study incorporates the Porter hypothesis and the balanced scorecard (BSC) assumptions to analyze data from 17 international petroleum companies for the period 2005q1–2016q4 by linking the strategy map and BSC to the actual key performance indicators (KPIs). Panel dynamic regression analysis is employed to evaluate the said strategy for both the short and the long terms. The results clearly indicate that the environmental strategy has a significant and positive impact on the environmental performance not only in the short term but also in the long term. This study contributes to the BSC studies on this topic by presenting a perspective of the strategy in the form of a mathematical model that can be statistically testable for both the short and the long terms, thereby providing a guideline to managers for strategy evaluation purposes, optimization of resource allocation, and improvements in both the environmental and financial performances in the long term. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
38. Accountability for Operational Costs Using the Business Process Management at Indonesian Oil and Gas Company.
- Author
-
Abdillah, Rizki, Dachyar, M., and Pratama, Novandra Rhezza
- Subjects
BUSINESS process management ,PETROLEUM companies ,GAS companies ,INDUSTRIAL costs - Abstract
The accountability system in Indonesian oil and gas companies faces several critical problems such as low process efficiency, insufficient transparency, and a high potential for operational cost corruption and fraud. This study aims to analyze a business process of operating accountability cost using a cash card system in a shared service center in one Indonesian oil and gas company using Business Process Management. Business Process Management is performed by modeling and simulating the current (As-Is) process. Modeling As-Is process using iGrafx with Business Process Modeling and Notation (BPMN). Process management aims to understand the various activities related to the organization's operations and improve their efficiency. This study aims to identify processes that can be improved to reduce manual processes and time constraints. The proposed solutions are based on best practice methods that can be used to improve business processes. The researcher also suggested reviewing the entire process of making a new cash card so that users do not have to wait long to complete the process. [ABSTRACT FROM AUTHOR]
- Published
- 2022
39. ENERGY GIANTS SIGN MOU TO PURSUE GREEN HYDROGEN PROJECTS IN PAKISTAN AND BEYOND.
- Subjects
ENERGY industries ,BUSINESS enterprises ,HYDROGEN ,LETTERS of intent ,PETROLEUM companies - Abstract
Leading exploration and production (EAndP) companies Oil And Gas Development Company Limited (OGDCL), Pak-Arab Refinery Limited (PARCO), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), and Government Holdings Private Limited (GHPL) have signed a Memorandum of Understanding (MoU) to explore and pursue green hydrogen opportunities within and outside Pakistan. The collaboration aims to drive the energy transition towards a more sustainable future, leveraging each company's expertise and resources. [Extracted from the article]
- Published
- 2023
40. Sindh allowed to sign deals with exploration firms.
- Author
-
Mustafa, Khalid
- Subjects
PETROLEUM prospecting ,PETROLEUM reserves ,BUSINESS enterprises ,PETROLEUM companies ,OIL shales - Abstract
When contacted, Dr Asim Hussain confirmed the development that the prime minister had agreed to extend the rights to the Sindh government, from signing Petroleum Concession Agreements for exploration of oil and gas to selling products to the national grid. The prime minister has asked Dr Asim Hussain, former adviser to PM on petroleum and natural resources, to come up with a doable policy, particularly to explore new gases, a senior official sai. In a new development, the prime minister may give his consent to extend the rights to the Sindh province from signing the PCA (Petroleum Concession Agreements) to exploring conventional oil and gas, including new oil and gases, shale, marginal and tight gases, shale oil and its sale to the national grid. [Extracted from the article]
- Published
- 2023
41. PETROLEUM CRISIS LOOMS LARGE, WARN OIL COMPANIES.
- Subjects
PETROLEUM ,PETROLEUM production ,BUSINESS enterprises ,GAS prices ,PETROLEUM companies ,PETROLEUM products - Abstract
The OCAC in a letter to the federal government highlighted the challenges being faced by the oil companies due to the shortage of petroleum products, US dollars, rupee devaluation and limited issuance of letters of credit (LCs) for imports. OCAC also sought an urgent meeting with the State Bank of Pakistan (SBP) governor, OGRA chairman and Ministry of Finance and Ministry of Petroleum. [Extracted from the article]
- Published
- 2023
42. Facilitating mindful safety practices among first-line workers in the Chinese petroleum industry through safety management practices and safety motivation.
- Author
-
Shi, Hu and Mohamed Zainal, Siti Rohaida
- Subjects
PETROLEUM workers ,PETROLEUM industry ,PETROLEUM companies ,INDUSTRIAL safety ,ORGANIZATIONAL sociology - Abstract
The petroleum industry is a high-risk industry and operates under the social technical system. Therefore, the safety behavior of employees needs to be paid high attention. Thus, six dimensions of safety management practices are identified as independent variables to predict a special component of common safety behavior-mindful safety practices in the Chinese petroleum industry. High-reliability organization theory is adopted as the underpinning theory. A total 255 first-line workers from a Chinese petroleum company participated in this survey. The results reveal that safety training and safety communication and feedback are positively related to safety motivation. Moreover, workers' involvement and safety promotion policy have direct and positive impacts on mindful safety practices. Further, safety motivation is found to play a mediating role in the prediction of mindful safety practices in the Chinese petroleum industry. These findings give new insights for petroleum companies into how to promote mindful safety practices in the workplace. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
43. Exploring and measure the performance of the Indian petroleum supply chain.
- Author
-
Kumar, Sourabh and Barua, Mukesh Kumar
- Subjects
PETROLEUM supply & demand ,PETROLEUM reserves ,SUPPLY chains ,PETROLEUM companies ,INNOVATION adoption - Abstract
Purpose: This research identifies the supply chain performance indices and designs an evaluation framework to assess and compare the Indian petroleum supply chain performance. We presented a case study of three Indian petroleum companies. For this purpose, we identified fifteen performance criteria extracted from previous literature and expert inputs and classified them into four groups. Design/methodology/approach: A fuzzy technique for order preference by similarity to the ideal solution (TOPSIS) method is employed for evaluating the performance of the Indian petroleum supply chain. Findings: The design and evaluation framework suggests that the top three performance measurement criteria, the purity of the products, compliance with environmental laws, and new technology adoption. The result findings also indicate that company C contributes to a maximum satisfaction level of 77%. Simultaneously, companies A and B hold satisfaction levels of 72% and 67%. Practical implications: The managers should ensure that environmental standards, new technology adoption, and quality are significant concerns in the petroleum supply chain. The managers should follow national and international policies to preserve the environment and ensure safety in operational activities. Originality/value: This paper makes two contributions in the domain of performance measurement of the petroleum supply chain. First, it identifies the prominent supply chain performance indices. Second, it proposes a model to assess and compare the performance of Indian petroleum companies. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
44. 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
-
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
45. Optimisation of Maintenance Operations Involving Three Integrated Departments at a Local Oil Company in Trinidad.
- Author
-
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
46. Significant Gas Reserves Discovered in Sujawal, Sindh.
- Subjects
NATURAL gas reserves ,POWER resources ,CHIEF ministers ,PETROLEUM companies ,JOINT ventures - Abstract
A significant discovery of gas and condensate reserves has been announced in the Shah Bandar Block's Pati-6 exploration well in Sujawal, Sindh. The well is producing 11.7 MMSCFD of gas and 198 BPD of condensate, with Sindh Energy Holding Company (Private) Limited holding a 2.5% working interest in the block. Minister Nasir Hussain Shah highlighted the potential of the Shah Bandar Block and its contribution to the country's energy resources, with Chief Minister Murad Ali Shah congratulating the people of Sindh, especially those in Sujawal, on this achievement. [Extracted from the article]
- Published
- 2024
47. 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
48. 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
49. 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
50. 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
Catalog
Discovery Service for Jio Institute Digital Library
For full access to our library's resources, please sign in.