Tag Archives: Oil and gas industry

Differences of Environmental Disclosure Quality via Different Reporting Media: Case of Oil and Gas Companies in Developing Countries (Published)

This study aims to investigate whether there is any significant difference between different reporting mediums (namely, annual report, stand-alone reports, and corporate homepages) regarding their environmental disclosure quality. Using content analysis, an index and scoring scheme were applied to the annual reports, stand-alone reports and corporate homepages of a sample of 116 oil and gas companies in 19 developing countries. The results of this study indicate great variations in the disclosure quality in different reporting media. The stand-alone reports have greater quality than annual reports and corporate homepages in communicating environmental information. The study has implications in enhancing the understanding of environmental disclosure practices of oil and gas companies in developing countries. The study also provided an insight into the differences between disclosures in different reporting mediums, which in turn will facilitate the selection of reporting medium/s of environmental information that can be relied upon.

Keywords: Oil and gas industry, developing countries, environmental disclosure quality, reporting media

Organisational change and employees’ responses in the Nigerian oil and gas industry (Published)

This paper aims to examine the relationship between organisational change and exit, voice, loyalty and neglect (EVLN) behaviours of employees in the Nigerian oil and gas industry. By adopting a quantitative approach, the tools employed in analysing data collected through the use of questionnaires from 322 employees are factor analysis from the Analysis of Moments of Structure (AMOS 22.0) for windows. The study statistically revealed that organisational change is positively and insignificantly correlated to the Nigerian oil and gas employees’ exit, voice, loyalty and neglect behaviour. These findings reveal the type of sector employees’ work for and the role of trade unions in times of change. This study is intended to support managers and practitioners in assessing and evaluating organisational change programmes, particularly in the context of a developing country like Nigeria that is heavily dependent on revenues from the oil and gas sector.

Keywords: Nigeria, Oil and gas industry, confirmatory factor analysis, evln, organisational change

Applying Business Process Reengineering to Small and Medium Scale Enterprises (SMES) in the Developing World (Published)

This research looks at processes in Small and Medium Enterprises (SME)s in the developing world and how Business Process Reengineering (BPR) can help them cut costs and also become more efficient. The researchers looked at a particular set of processes in a particular SME in the oil and gas industry in Nigeria. Principles of BPR that are applicable to SMEs were identified from previous literature on BPR. In deciding on a methodology for this research, guidelines from previous research publications on implementing BPR in SMEs were brought together to create a methodology for the study. This research will be of benefit to managers of SMEs in the Oil and Gas Industry trying to gain a competitive advantage in a challenging business environment.

Keywords: Business Process Reengineering, Information Technology, Oil and gas industry, Small and Medium Sized Enterprises

The New Trends In Government- Labour Relations In The Downstream Of The Oil And Gas Industry In Nigerian Fourth Republic (Published)

Government -Labour relations particularly in the downstream of the oil and gas industry in Nigeria has not been short of conflicts. In the time past, the conflicts were largely between employers and employees. However, since the Fourth Republic a new trend has emerged that involves state governments and labour union in the industry. It must be said that the conflicts were a product of the reaction of the union against social, economic and political policies of the government. This new trend is best demonstrated in Lagos state, where the attempt by the state government to manage traffic led to clashes of interest between the state government and member of the National Union of Petroleum and Natural Gas Workers (NUPENG). The work examines the nature of conflict between Lagos state government and National of Union of Petroleum and Natural Gas Workers. The work discussed the nature of the conflict, elaborated on the institutional process for industrial conflict resolution, explored how the conflict was managed, examined the role of bad governance in the conflict, discussed the impact and implication of the conflict and offers suggestion on how to improve conflict management in this particular case and in general. The work interviewed relevant authorities and individuals in the conflict: the officials of the Lagos state ministry of transport and its agency- the Lagos state transport management authority (LASTMA) and their counter part in NUPENG. Publications such as a newspapers, journals and books were also consulted. The collected data from the respondents and publications were analysed descriptively. The work argues that bad governance is the root of the conflict as successive government abandoned the infrastructural need of the nation in the sector which culminated in the dependency on imported refined crude oil products. This created it own problem of managing traffic as the major importation outlet is in Lagos and there is lack of parking lots to accommodate the inflows of unprecedented tanker vehicles. The work further argues that, the attitude of members of NUPENG also contributed to the conflict. Also, lack of communication which brews mistrust, lack of confidence and end up in conflict played a part

Keywords: Labour Relations, Nigeria, Oil and gas industry, Trends in Government

CSR for Conflict Resolution in Niger Delta Oil and Gas Industry (Published)

An ethnographic research method that allows for a blend of aspects of qualitative and quantitative investigations was adopted in this study to establish whether both the oil prospecting companies and their host communities have the same view that mutual coexistence between the two parties is very feasible and relatively cheaper via excellent CSR practices by the oil companies. CSR, an acronym that stands for Corporate Social Responsibility, is the persistent commitment by a business organization to ethically behave to contribute maximally to the economic and environmental advancement of the quality of life of its workforce and the society, particularly the host communities. It was hypothesized that excellent CSR practice by the oil companies might be a potent solution to the violent crisis that has unfortunately characterized the relationship between oil prospecting companies and their host, the oil producing communities in the Niger Delta. The effectiveness of seven indicators of CSR as perceived by the oil corporations and the oil-producing areas in the resolution of the brutal conflicts in the Niger Delta were empirically investigated. A large sample of 2,487 was drawn by proportional stratified random sampling technique from the host communities and oil companies for the study. Results showed an overwhelming discrepancy between oil companies’ staff and oil producing areas indigenes for each of the seven CSR indicators. While host communities absolutely or strongly favored adoption of CSR as a viable strategy for ending the crisis and ensuring ultimate peace in the Niger Delta; the staff of oil prospecting companies held a diametrically opposite view. It is therefore recommended very strongly that oil producing companies in the Niger Delta should accord primary attention to excellent CSR practices to guarantee mutual peaceful coexistence and optimum oil production in the Niger Delta Region.

Keywords: CSR, Conflict Resolution, Niger-Delta, Oil Indicators of CSR, Oil and gas industry, Oil prospecting companies

The oil industry and missed opportunities in Iraq Dr Abdul Jaleel Oda Hussain (Published)

The depth and breadth of the analysis of the oil industry in Iraq can make the subject seem daunting to any scholar or individual with substantial interest in the subject. The aim of this research is not to explore the technical elements of oil and gas or even the oil industry in its entirety. This research will focus on delivering the analysis of the oil industry from a macroeconomic perspective; this approach will enable the research to address national economic issues, which will illustrate the macrocosmic effects of the practices of the oil industry in Iraq without needing to delve into microcosmic details, and the following matters will be discussed:
1 – A brief look into oil and gas Industry highlighting its present.
2 – Discussing the views that claim that the wealth of oil and gas have not been used for the purpose of economic and social development.
3 – Predicting the future of oil and gas industry in Iraq and speculate on what could be lying ahead.
4 – Suggesting appropriate policies in the field of oil and gas, in light of contemporary Iraqi economic and political transformations.

Keywords: Iraqi economic policies, Oil and gas industry, missed opportunities