The twilight of the oil Eldorado. How the activity of Russian oil companies on the EU market has evolved. OSW Studies 55, April 2016

The European Union has traditionally been the most important outlet for Russian oil exports. At the same time, during the period 2011-2014 a systematic decline was observed in crude oil supplies to the EU, while at the same time the export of petroleum products increased. It is now difficult to say that Russia is following a coherent oil strategy vis-a-vis the EU. The current shape of Russian activity is more the result of the business interests of individual companies, rather than the result of activities coordinated by the state. Although in the short term (up to 2020), the negative trend in crude oil exports to the EU could be halted (as confirmed by the figures for 2015), the long-term prospects for Russia's position on the EU market are pessimistic. This is because the importance of factors unfavourable to Russia is rising, such as the decrease in consumption of oil in the EU, the increased competition among exporters to the EU market, and the deterioration of the climate of Russian/EU cooperation in the context of the anti-Russian sanctions, as well as unclear prospects for the development of the upstream sector in Russia.

The challenge of MNCs and development: oil extraction, CSR, Nigeria and corruption

Globalisation has led to a shift in world order with the rise of the corporate non-state actor. This rise has led to an assumption that Multi-National Corporations (MNCs) must assume responsibilities beyond profit maximisation for shareholders. With the rise of the MNC as a corporate non-state actor there have been discussions around the role of business with regard to human rights.

This article looks at the case of oil extraction in Nigeria. Focussing on the historical dependency of Nigeria and the evolution of the state into a resource-dependent country, it looks at the limitations of existing human rights obligations as they relate to business. This article proposes that corporate social responsibility (CSR) policies of MNCs can act as a preliminary stage in the quest for wider human rights protections. It is in motivating MNCs to design and implement effective CSR policies in dependent states like Nigeria, that the challenge lies.

Changing HRM systems in two Russian oil companies: Western hegemony or Russian spetsifika?

We contrast attempts to introduce what were seen as sophisticated Western-style human resource management (HRM) systems into two Russian oil companies – a joint venture with a Western multinational corporation (TNK-BP) and a wholly Russian-owned company (Yukos). The drivers for Western hegemony within the joint venture, heavily influenced by expatriates and the established HRM processes introduced by the Western parent, were counteracted to a significant degree by the Russian spetsifika – the peculiarly Russian way of thinking and doing things. In contrast, developments were absorbed faster in the more authoritarian Russian-owned company. The research adds to the theoretical debate about international knowledge transfer and provides detailed empirical data to support our understanding of the effect of both organizational and cultural context on the knowledge-transfer mechanisms of local and multinational companies. As the analysis is based on the perspective of senior local nationals, we also address a relatively under-researched area in the international HRM literature which mostly relies on empirical data collected from expatriates and those based solely in multinational headquarters.

El efecto de las Multinacionales en África : el caso de las petroleras occidentales en el Delta del Níger. Período 2000 – 2006

En África existe un fuerte legado colonial, el cual ha permeado la política y las Relaciones Internacionales de los países de este continente. La relación entre el Estado nigeriano y las Petroleras Occidentales evidencia dicha herencia: del mismo modo demuestra cómo la Ideología del Desarrollo Occidental obstaculiza el alcance de un desarrollo real en Nigeria, y en específico, en el Delta del Níger.

Australian real estate management and development companies and women directors

Purpose – There is a large literature advocating the importance of a greater proportion of women directors on boards of publicly listed firms. The purpose of this paper is to examine the numbers and proportions of women directors, including women executive directors, on listed Australian Real Estate Management and Development (REMD) companies to identify how prevalent women directors are on such boards.
Design/methodology/approach – The study examines the numbers and proportions of women directors for 35 REMDs in 2011 and compares this to the broad board composition data on 1,715 Australian Stock Exchange listed entities. Statistically significant findings are evident due to the identified low proportions.
Findings – The study finds that of all the Financials Sub Industry sector groups, REMDs have the lowest proportion of female directors on theirs boards – eight women on each of 35 company boards compared to 159 men on these 35 boards at 2011. Of the eight, there were only two women executive directors on boards compared to 50 men. Statistically, it appears that having women directors on REMD boards is not considered important. Even at December 2014, there are only ten women on seven company boards and only one remaining executive director of an REMD company.
Practical implications – Given that female board representation is positively related to accounting returns and that there is a growing voice for legislation to impose mandatory proportions of women directors on boards around the world, it may be in the interests of REMD boards to consider appointing more women more quickly.
Originality/value – The study is the first to examine the numbers and proportions of women directors amongst REMD companies to identify the paucity of such women directors.

User-producer interaction in the Brazilian oil industry: The relationship between petrobras and its suppliers of wet Christmas tree

The objective of this work is to analyze the importance of the user-producer interaction for the innovative process of the Brazilian oil industry from the 2000s. To do so, we selected two of the three providers installed in Brazil that produce the set of valves used in the oil wellhead to control its production, set which is called wet Christmas tree (WCT), the Norway's Aker Solutions and the American FMC Technologies. The results of this analysis indicate not only the development of the oil industry in Brazil is marked by a strategy of cooperative innovation, but they also reveal the importance of geographical proximity and direct cooperation, especially between the centers of engineering and research and development of companies. Furthermore, these partnerships are not limited to the adaptation of products to new needs, but they also include the development of new systems. © Universidad Alberto Hurtado, Facultad de Economía y Negocios.

Environmental sensitivity index (ESI) mapping of oil spill in the amazon coastal zone: the PIATAM Mar project

A importância do monitoramento ambiental é medida pelos vários casos de derramamentos de óleo ocorridos no mundo durante as últimas três décadas. Isto tem incentivado as empresas e órgãos do governo envolvidos na prevenção e combate a estes acidentes a aperfeiçoarem cada vez mais os métodos, tanto preventivos como corretivos, para a minimização dos danos gerados por acidentes com derramamento de óleo. Este trabalho objetiva contextualizar de forma histórica como os acidentes com derramamento de óleo propiciaram o desenvolvimento de pesquisa tecnológica a partir de parcerias entre empresas de petróleo, agências de governo, universidades e institutos de pesquisa no Brasil, em especial na zona costeira Amazônica. Como resultado, índices de sensibilidade ambiental ao derramamento de óleo (ISA) foram definidos especialmente para a Amazônia costeira, onde processos fluviais e marinhos se encontram na foz do maior rio do mundo, o rio Amazonas. Perspectivas de pesquisa e respostas de emergência a acidentes são apresentadas, a fim de se conservar a diversidade socioambiental da mais importante região tropical do planeta.

A importância da arbitragem internacional de investimento para o equilíbrio da relação entre o Estado hospedeiro e o investidor estrangeiro na indústria do petróleo

Inicialmente, o presente trabalho busca trazer um panorama geral sobre a relação entre o Estado hospedeiro e o investidor estrangeiro. Para tanto, faz-se um breve estudo sobre a soberania do Estado sobre os recursos naturais, destacando-se, dentre outros aspectos, a importância deste tema para o desenvolvimento dos povos, e sobre a contratação com o Estado, de forma a destacar, dentre as principais cláusulas presentes nos contratos entre Estado hospedeiro e investidor estrangeiro, a cláusula de arbitragem internacional de investimentos como um dos principais meios de equilíbrio desta relação. Analisa-se, por consequinte, a estrutura da arbitragem internacional de investimento, buscando trazer suas principais regras. O trabalho culmina em um breve estudo sobre alguns dos principais laudos arbitrais que envolvem não apenas os temas tratados ao longo do trabalho, mas também a relação entre o Estado e as empresas petrolíferas, dando-se destaque ao papel da arbitragem internacional de investimento na indústria do petróleo, dado ser esta uma indústria essencialmente internacional e de grande importância estratégica para o Estado.

复杂碎屑岩储层动、静态参数计算理论与方法研究

Reservoir characterization and reservoir modeling are two key techniques in petroleum exploration and development. They all are based on the reliable static and dynamic properties of the reservoirs, especially the static and dynamic properties of the reservoirs at each borehole. Without the static and dynamic properties of the reservoir, reservoir characterization and reservoir modeling will pass into nothingness. In fact, the static and dynamic properties of the reservoir are needed in every domain and stage of petroleum exploration & development Today, petroleum industry has reached a stage worldwide that most of the simple & large massive reservoirs have been well explored and developed. As a result, oil companies are paying more and more attention to the exploration & development of the complex & middle to small clastic reservoirs (such as low resistivity sandstone reservoirs, low or no resistivity contrast sandstone reservoirs, conglomerate reservoirs, volcanoclastic reservoirs). In the recent years, oil companies inside and outside China are focusing on the exploration and development elastic reservoirs. Most of the theories & methods being applicable for simple clastic reservoirs can not be used in complex clasic reservoirs. Some theories & methods that are not resolved in the case of simple clasic reservoirs become more impossible to be resolved in the case of complex elastic reservoirs. A set of theories & methods being applicable for computing the static and dynamic properties of the complex elastic reservoirs are developed in this paper and they have been put into practice successfully. These theories & methods are developed by integrating multi-subjects such as geology, well logging and reservoir engineering, in which geology is used as direction and modern well logging technology is used as basis and reservoir engineering is used as assistance and computer technology is used as tool. There are three outstanding breakthroughs in this paper: of the low porosity fractured and/or vuggy carbonate/igneous reservoirs too. A set of practical theories and methods of computing the static properties (such as porosity, saturation, lithology and fluid type) & dynamic properties (such as permeability and production rate) of simple clastic reservoirs have been developed with the hard efforts of many petroleum engineers and scientists in the past 70 years. However, only some of the theories & methods being applicable for simple clastic reservoirs can be used in complex clastic reservoirs after little modification because of the complexity of the complex clastic reservoirs. Most of the theories & methods being applicable for simple clastic reservoirs can not be used in complex clasic reservoirs. Some theories & methods that are not resolved in the case of simple clasic reservoirs become more impossible to be resolved in the case of complex clastic reservoirs. A set of theories & methods being applicable for computing the static and dynamic properties of the complex clastic reservoirs are developed in this paper and they have been put into practice successfully. These theories & methods are developed by integrating multi-subjects such as geology, well logging and reservoir engineering, in which geology is used as direction and modern well logging technology is used as basis and reservoir engineering is used as assistance and computer technology is used as tool. There are three outstanding breakthroughs in this paper:

港西油田现代油藏管理研究与实践

Through years of practice, reservoir management has already become the basic mode of foreign oil companies to realize the high-efficient development of the oil field. From the view of reservoir development and technological economy, reservoir management regards the study of the reservoir engineering, designs of reservoir projects and the dynamic analysis of the reservoir's performance as a system. In the fields of reservoir description, the establishment of the geological models and development models, the dynamic simulations of reservoir exploitation and the design of the oil engineering, reservoir management emphasizes the cooperation of the geology and the engineering, the combination of the engineering technology and the economic evaluation. In order to provide the means and basis for the reservoir geology study, reservoir evaluation, reserves calculation, numerical simulation, development plan and risk analysis, it adopts the reservoir management activities(team work) to make and implement the optimized oil field development management strategies so that secientific and democratic decision making can be achieved. Under the planned economic system for a long time, the purpose of Chinese reservoir development has been to fulfill the" mandatory" production task. With the deepening of the reform, the management organization of Chinese petroleum enterprises has been gradually going through the transition and reforms to the operational entity and the establishment of the mode of oil companies under the socialist market economy system. This research aims at introducing the advanced reservoir management technique from foreign countries to further improve the reservoir development results and wholly raise the economic benefits of Chinese mature land facieses sandstone reservoirs in the later stage of the water flooding. We are going to set up a set of modern reservoir management modes according to the reservoir features, current situation and existing problems of GangXi oil field of DaGang oil company. Through the study and implementation of the reservoir description and numerical simulation technology effectively, we plan to work out integrated adjustment projects, to study the related technology of oil recovery; to set up the effective confirmable data procedure and data management system of the reservoir management, to establish the coordinated model and workbench related to geology, engineering and economy in order to realize the real time supervision and evaluation on the process of reservoir development. We hope to stipulate modernization management tools for GangXi oil fields to rationally utilize various kinds of existing technological methods and to realize the economic exploitation and achieve the maximum benefits from the reservoir. The project of the modem reservoir management will be carried out on the GangXi oil field of DaGang oil company for this oil field is typical and has integrated foundamental materials and perfect networks. Besides, it is located in the good geographical position enjoying very convenient traffic. Implementing modern reservoir management will raise the recovery ratio, reduce the production cost and improve the working efficiency. Moreover, the popularization of modern reservoir management will improve the comprehensive benefits of DaGang oil company and even the whole Petro China. Through the reserch of this project, the following technical indicators can be reached: Establishing the concept of modern reservoir management. Establishing a set of integrated data information management system adapt to the features of GangXi reservoir. 3. Forming technical research modes of modern reservoir management suitable for mature reservoirs in the later developing stage. 4. Advancing projects of GangXi reservoir which are maxium optimized in engineering technique and economic benefits of oil exploitation. Besides, this set of technology, research principle and method can guide the mature reservoir of DaGang oil field and even the whole PetroChina to develop the further research of reservoir adjustment and improve the reservoir recovery factor and developing level constantly.