scholarly journals PRIVATIZATION OF RUSSIA’S ENERGY ASSETS IN THE INTERNATIONAL CONTEXT

2013 ◽  
pp. 242-250
Author(s):  
Y. V. Borovsky
Keyword(s):  
Oil And Gas ◽  
The State ◽  
Energy Industry ◽  
Special Focus ◽  
Russian Government ◽  
Advantages And Disadvantages ◽  
Russian State ◽  
National Power ◽  
Widespread Belief ◽  
Energy Assets

The article deals with privatization in Russia’s energy sector with a special focus on a recent purchase of the private TNK-BP by the state-owned Rosneft. The author analyses the past, present and future privatization deals related to the Russian oil, gas and power generation industry as compared to accumulated international experience. For instance, the article displays the ways the Norwegian, Brazilian, French and British authorities privatized national strategic energy assets. The study presented in the article also aims to find out key advantages and disadvantages of state or private ownership in the Russian and global energy industry. For example, it sheds light on some considerable achievements of the Russian state-controlled companies in oil production amid a widespread belief that more than a decade-long growth in the Russian oil industry is due only to private firms that were created in the 1990s. Additionally, the state-controlled Norwegian oil and gas firm Statoil that shows strong operational and financial results on the Norwegian Continental Shelf and abroad is also in the spotlight of the current study. In line with the mentioned takeover of TNK-BP the author examines outcomes of the reorganization of RAO UES of Russia (the dismantled Russian electric power monopoly) that was seen as a massive privatization of the national power industry. Moreover, the study presents two groups of interests prevailing in the Russian government and energy business to give an outlook on the Russian energy industry.

scholarly journals A note on NDT Technology for Detection of Defects in Oil and Gas Pipes

2015 ◽  
Vol 12 (2) ◽  
Keyword(s):  
Nondestructive Testing ◽  
Oil And Gas ◽  
State Of The Art ◽  
The State ◽  
Advantages And Disadvantages ◽  
Testing Techniques ◽  
General Note ◽  
Detection Of Defects

This paper provides a general note on the state of the art in the application of nondestructive testing techniques (NDT) for the detection of defects or deteriorations in metallic and nonmetallic oil and gas pipes. The advantages and disadvantages of each technique will be pointed out.

scholarly journals On the State of L1 and L2 Knowledge in FL Learners: A Review of Issues

2015 ◽  
Vol 4 (1) ◽  
pp. 334-346
Author(s):  
Hosni Mostafa El-Dali
Keyword(s):  
Second Language ◽  
Conceptual Framework ◽  
Opposite Direction ◽  
Language Teaching ◽  
First Language ◽  
Negative Influence ◽  
The State ◽  
Special Focus ◽  
Advantages And Disadvantages ◽  
L1 And L2

There  has  been  extensive  research  into  how  L1   affects  L2,  commonly  known  as ‘negative influence’, but a lot less about the opposite direction, commonly known as ‘Reverse or  Backward’  transfer.  As  well  as  the  first  language  influences  the  second,  the  second language influences the first.  The present study, therefore, attempts to examine and critically review  pertinent  research  into  the  question  of bidirectional  influence  between  languages. First, it traces the conceptual framework of the notion L1→L2  effect.  Second, it attempts to demonstrate how an emerging new language (L2) affects the existing L1.  Third, it examines the pedagogical aspects of both directions, as manifested in L2 classroom.  Special focus will be given to how the concept of “multicompetence”  sees the goal of L2  learning and how language teaching should reflect such a goal.  In addition, the advantages and disadvantages of using   learners’   first   language   in  L2    classroom   will   be   highlighted   and   specific methodological recommendations will be made.

OIL AND GAS INDUSTRY IN WESTERN AUSTRALIA

1999 ◽  
Vol 39 (1) ◽  
pp. 30
Author(s):  
M. Meaton
Keyword(s):  
Western Australia ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
The State ◽  
Full Potential ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Advantages And Disadvantages ◽  
Petroleum Companies

The oil and gas production sector in Western Australia has grown dramatically in recent years and now represents the largest resource sector in the State economy. The industry has a very promising future but it faces a number of challenges if it is to achieve its full potential. Its production location in remote parts of the State confers both advantages and disadvantages. Chief among the disadvantages is the challenge of convincing the community and government of the benefits from the industry when many of those benefits are not apparent to the majority of the population. The emphasis in this paper is on economic impacts, social benefits and community attitudes.WA has produced about 820 million barrels of oil and 2000 million barrels of natural gas when gas is calculated in energy equivalent terms. Petroleum energy production has increased dramatically over the last 15 years and the State is now a substantial energy exporter. Petroleum sources provide the energy for over 85% of the final energy used in the State. Total industry investment over the last 18 years has been nearly $21,000 million for an average of $3.2 million each day. Direct employment by petroleum companies is around 2,500 people with flow-on employment in the services sector estimated at over 17,000 people. Petroleum companies have been major contributors to government revenue and to the development of remote regions in WA.

scholarly journals STATE-LEGAL INTERACTION OF CREDIT LEGISLATION AND ARTISANAL POLICY IN PRE-REVOLUTIONARY RUSSIA

2020 ◽  
Vol 30 (2) ◽  
pp. 276-281
Author(s):  
N.N. Oleinik ◽  
V.V. Nevlev ◽  
N.P. Maslov
Keyword(s):  
Rural Population ◽  
The State ◽  
Manufacturing Industries ◽  
Russian Government ◽  
Historical Experience ◽  
Russian State ◽  
Reform Period ◽  
The Government ◽  
Popular Initiative ◽  
Intensive Development

The peasant reform of 1861 brought to life the intensive development of handicrafts in the rural population. The popular initiative found support in the Russian government, was enshrined in law, and was called artisanal policy. The article explores the basic changes in Russian legislation and the main directions of government activity in the field of cooperation in the artisanal industry of the second half of the 19th and early 20th centuries. Particular attention is paid to highlighting the achievements and problems of handicraft-encouraging activities of the state in the southern provinces, the analysis of the effectiveness of administrative and legal methods in the process of modernization of handicrafts in the post-reform period. The contribution of the agrarian reform of the government of P. A. Stolypin to the development of manufacturing industries is examined. The results of a study of the state of credit legislation, a study of the historical experience of the Russian state in the handicraft industry of this period are summarized.

Varied Responses to Human-Induced Seismicity in the City of Azle, Texas

2019 ◽  
Vol 3 (1) ◽  
pp. 1-8
Author(s):  
Sarmistha R. Majumdar
Keyword(s):  
State Government ◽  
Induced Seismicity ◽  
Oil And Gas ◽  
The United States ◽  
The State ◽  
Prior History ◽  
Small Community ◽  
Regulatory Policies ◽  
The Status

Fracking has helped to usher in an era of energy abundance in the United States. This advanced drilling procedure has helped the nation to attain the status of the largest producer of crude oil and natural gas in the world, but some of its negative externalities, such as human-induced seismicity, can no longer be ignored. The occurrence of earthquakes in communities located at proximity to disposal wells with no prior history of seismicity has shocked residents and have caused damages to properties. It has evoked individuals’ resentment against the practice of injection of fracking’s wastewater under pressure into underground disposal wells. Though the oil and gas companies have denied the existence of a link between such a practice and earthquakes and the local and state governments have delayed their responses to the unforeseen seismic events, the issue has gained in prominence among researchers, affected community residents, and the media. This case study has offered a glimpse into the varied responses of stakeholders to human-induced seismicity in a small city in the state of Texas. It is evident from this case study that although individuals’ complaints and protests from a small community may not be successful in bringing about statewide changes in regulatory policies on disposal of fracking’s wastewater, they can add to the public pressure on the state government to do something to address the problem in a state that supports fracking.

Minerals as an object of accounting and economic security of the oil and gas company implementing the production sharing agreement

2020 ◽  
Vol 23 (11) ◽  
pp. 1291-1312
Author(s):  
N.V. Zyleva
Keyword(s):  
Oil And Gas ◽  
Economic Security ◽  
The State ◽  
Professional Judgment ◽  
Production Sharing ◽  
Security Service ◽  
Geological Information ◽  
Oil And Gas Companies ◽  
Mineral Reserves ◽  
Economic Risks

Subject. This article discusses the practice of ensuring the economic security of oil and gas companies operating under the terms of production sharing agreements, where minerals are the object of security. Objectives. The article aims to justify the need to apply professional judgment in the organization of reliable accounting of minerals, explored and extracted under the terms of the production sharing agreement implementation, to avoid various risks to the entity's economic security. Methods. For the study, I used the methods of deduction and modeling. Results. The article presents proposals to arrange accounting of intangible exploration assets (geological information on mineral reserves) and finished products (the part of the extracted minerals owned by the investor and the part owned by the State). Conclusions. As strategic minerals, oil and gas are the targets of various economic risks. Professionals familiar with the specifics of accounting operations in the implementation of the production sharing agreement should be prepared to prevent these risks. The results obtained can be used to design accounting policies and develop local regulations on the tasks and functions of the economic security service of the organization implementing the production sharing agreement.

Main approaches to estimating the cost of shareholder equity of oil and gas producers

2020 ◽  
Vol 26 (3) ◽  
pp. 685-697
Author(s):  
O.V. Shimko
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Minimum Cost ◽  
Free Cash Flow ◽  
Annual Reports ◽  
Comparative Approach ◽  
Economic Activities ◽  
Advantages And Disadvantages ◽  
Oil And Gas Producers ◽  
The Cost

Subject. The study analyzes generally accepted approaches to assessing the value of companies on the basis of financial statement data of ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum, Devon Energy, Anadarko Petroleum, EOG Resources, Apache, Marathon Oil, Imperial Oil, Suncor Energy, Husky Energy, Canadian Natural Resources, Royal Dutch Shell, Gazprom, Rosneft, LUKOIL, and others, for 1999—2018. Objectives. The aim is to determine the specifics of using the methods of cost, DFC, and comparative approaches to assessing the value of share capital of oil and gas companies. Methods. The study employs methods of statistical analysis and generalization of materials of scientific articles and official annual reports on the results of financial and economic activities of the largest public oil and gas corporations. Results. Based on the results of a comprehensive analysis, I identified advantages and disadvantages of standard approaches to assessing the value of oil and gas producers. Conclusions. The paper describes pros and cons of the said approaches. For instance, the cost approach is acceptable for assessing the minimum cost of small companies in the industry. The DFC-based approach complicates the reliability of medium-term forecasts for oil prices due to fluctuations in oil prices inherent in the industry, on which the net profit and free cash flow of companies depend to a large extent. The comparative approach enables to quickly determine the range of possible value of the corporation based on transactions data and current market situation.

“Historical and Cultural Traditions and Innovative Transformations of Russia. Educational Responsibility of Libraries”. International Research Conference “Rumyantsev Readings — 2009”

2009 ◽  
pp. 8-15
Author(s):  
Sergei M. Mironov ◽  
Vladimir B. Rushailo ◽  
Andrei E. Busygin
Keyword(s):  
International Research ◽  
The State ◽  
Cultural Traditions ◽  
Research Conference ◽  
Russian State ◽  
State Library ◽  
Regions Of Russia

The International research conference “Rumyantsev readings–2009” held on April 21-23, 2009 in the Russian state library was attended by over 290 people from various cities and regions of Russia and from the state-participants CIS. The theme of Conference of this year was “Historical and cultural traditions and innovative transformations of Russia. Educational responsibility of libraries”. The conference presented a unique book project on the occasion of the 300th anniversary of M.V. Lomonosov – “Lomonosovskaya Library”.

“Historical and Cultural Traditions and Innovative Transformations of Russia. Educational Responsibility of Libraries”: International Research Conference “Rumyantsev Readings — 2009”

2009 ◽  
pp. 8-14
Author(s):  
Valery P. Leonov ◽  
Tamara M. Gudima ◽  
Tamara I. Vilegzhanina
Keyword(s):  
International Research ◽  
Public Library ◽  
Modern Society ◽  
The State ◽  
Cultural Traditions ◽  
Research Conference ◽  
Digital Books ◽  
Russian State ◽  
State Library ◽  
Regions Of Russia

The International research conference “Rumyantsev readings— 2009” held on April 21—23, 2009 in the Russian State Library was attended by over 290 people from various cities and regions of Russia and from the state-participants CIS. The theme of Conference of this year was “Historical and cultural traditions and innovative transformations of Russia. Educational responsibility of libraries”. In the proceeding publication of materials of the Conference are presented the following themes: “On studying the connection between printed and digital books”, “The cultural potential of modern society and the possibility of its realization”, “Public Library of Ukraine in the information space”

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