StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Gas Producing Nations - Essay Example

Cite this document
Summary
The paper "Gas Producing Nations" describes that NGO also delivers information related to the safety of the environment to the Oil or Gas Company. NGO also provide information about the planning and implementation of the technology for further development of the company…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Gas Producing Nations
Read Text Preview

Extract of sample "Gas Producing Nations"

Evaluation Report on Oil & Gas Producing Nations Table of Contents To What Extent Should The Government Of An Oil Or Gas-Producing Nation Seek AdviceFrom Outsiders On How Its Oil Or Gas Reserves Should Be Developed And The Resulting Revenues Should Be Used? 3 How Far Should An Oil Or Gas Company Go In Supporting The Development Of Local Communities In Which It Operates And To What Extent Should It Take On Government Responsibility For This? 5 Responsibility For Environmental Management: To What Extent Should The Government Of An Oil/Gas-Producing Nation And/or an Oil Company Seek Specialist Advice From Outsiders, Including NGOs, On How Environmental Issues Should Be Managed? What Rule Should Apply To Ngo Activities? 6 References 9 To What Extent Should The Government Of An Oil Or Gas-Producing Nation Seek Advice From Outsiders On How Its Oil Or Gas Reserves Should Be Developed And The Resulting Revenues Should Be Used? Oil and gas is a huge sector, which affects economies and creates value in the market. The development of Oil or Gas industry helps in enhancing revenues with the help of idea of government as well as outsiders also. The strategies and policies of the government of an Oil and Gas producing nation are beneficial for the improvement of the industry. The trade policies help in enhancing trades for the benefit of economies. Oil and gas industry mainly ties up with the government for the development with the help of monetary and fiscal policies (Mitchell & et. al., 2012). The objectives of Oil and Gas industry is to expand and enhance security of energy and economic, re-distribution of wealth, economic development, which can be achieved by applying the policies of government of Oil or Gas producing nation. With the help of political influence, the government of the Oil or Gas producing nation indulges into commercial practices for increasing the revenues of the nation as well as the economies of scale. For improvement of the Oil or Gas producing nation the government should take the advice of the outsiders for greater expansion (Petroleum Council, 2013). Government are taking relevant advices from the outsiders to seek advice regarding the policies that are implemented by nation. The government implements various taxes and with the help of the advisers, assistance is taken regarding its applicability. The advice from the outsiders can help the government to obtain the new idea as well as strategy of the outsiders and obtain the knowledge of the new technology along with policies relevant. The new idea along with new technology can be beneficial for the economic development of Oil or Gas producing nation. Exploration and development investment is an important concept for the industry and thus considering outsiders view to a certain extent might prove to be effective in this context. Advice from the outsiders can also be helpful for the Oil or Gas producing nation for developing innovative new ideas by incorporating the same for a better market position in the global market based on the trade policies and tax system (European Communities, 2008). With the advice from outsiders, the government of Oil or Gas producing nation can obtain knowledge about the financial market and the real market figure as well as expectation. Therefore, the policies of government of Oil or Gas producing nation and the advice from the outsiders both are important for the improvement of the Oil or Gas producing nation for seeking advice regarding the tax rate (KPMG, 2011). The advice from outsiders can also benefit the government of Oil or Gas producing nation for the development of the reserves along with the revenue. In the year 2012, Oil and Gas reserves and its exploration increased regions due to implementing new and advanced technologies during the time of production of Oil or Gas (EY, 2013). Oil and Gas industry reserves raise the income by increasing exports. By analysing the financial market of Oil or Gas industry, the government expand the business of national Oil or Gas companies into the international market through the government policies and tax system (FAS, 2007). Through the help of advanced technological techniques and exploration oil and gas, industry should enhance revenues and help in the development of the nation through economic growth. How Far Should An Oil Or Gas Company Go In Supporting The Development Of Local Communities In Which It Operates And To What Extent Should It Take On Government Responsibility For This? The oil or gas company should support the development of local communities because people of local communities of Oil or Gas Company are the co-workers of company. The co-workers play major role for the development of the company as well as economic development. Therefore, it is the corporate responsibility of the company to look after the needs of the co-workers along with the development of the local communities (Visser & Larderel, 1997). The corporate responsibility of the Oil or Gas Company is to maintain healthy and stable environment to employees or co-workers, to fulfill the demands of the co-worker by providing them required facilities and by satisfying them. Another responsibility of the company is controlling the external perception and attaining competitive advantage through the development of local communities of Oil or Gas Company (EBI, n.d.). There are certain responsibilities of the government for the development of local communities such as taking care of the environment and providing facilities required. With the help of government, company can provide better and sustainable environment to co-workers or employees so that they can perform their work effectively for economic improvement of the company. For the development of local communities, one of the corporate responsibilities of the managers of the company is to maintain good and healthy collaboration as well as relationship with the co-workers (Baumuller & et. al., 2011). With the help of government, company should identify negative impacts of the local authority and find out the solutions for the improvement of local communities. For the development of the communities, the Oil or Gas Company should provide better infrastructure to the employee or co-workers and improve the standard of living of the co-workers (Frynas, 2005). The investment amount provided by the government for the oil and gas development and exploration can be used for the welfare of people. By developing the local communities, company can also motivates the co-workers to improve their performance for the economic development and expansion. With the help of government, company can implement new and advanced technologies for the development of the local communities. One of the major roles of government for development of local communities of Oil or Gas Company is to improve the living condition of the co-workers. It is evident that without development of the local communities the improvement of the company cannot be possible (Marchant, 2015). The managers also of the Oil or Gas Company also should develop equal right policy with the help of government so that people of the local community can maintain good relationship with each other. It can be helpful for reducing the disputes of the community and development. The managers of the Oil or Gas Company should take the initiative to reduce issues of the environment and social for the development of the local communities (Crown, 2013). The revenue collected from the industry is used for the welfare of the society and improvement. Responsibility For Environmental Management: To What Extent Should The Government Of An Oil/Gas-Producing Nation And/or an Oil Company Seek Specialist Advice From Outsiders, Including NGOs, On How Environmental Issues Should Be Managed? What Rule Should Apply To Ngo Activities? Environmental issues are also considered as the global issues, and need to be managed. Environmental issues leads to the harmful effects of the human action. Therefore, the government of Oil or Gas producing nation should take the specialist advice from the outsiders and NGOs to manage the environmental issues (Marcel, 2013). NGO works for the safety of the organisation and its surroundings. Government of Oil or Gas producing nation should identify the environmental issues to manage it. By taking, the advice from the outsiders and NGO’s government can implement new technologies to manage environmental issues and sustainable development of the company. The advice of outsider and NGO can be beneficial for the government of Oil or Gas producing nation to enhance the environmental condition and human health (OGP, 2002). The Oil or Gas Company faces certain operational issues, which can be difficult for the company to manage the environmental issues. Therefore, government should take the advice to overcome the operational issues of the company form the outsiders and NGO. The government should take the advice related to the new technologies to decrease the quantity of emission of air to manage the environmental issues (Seelke & et. al., 2015). The government also should implement new and advanced technologies to prevent pollution to improve the environmental condition and enhance the human health. By applying, advice of the outsiders and NGO along with the idea of Government Oil or Gas Company can be helpful for in developing the infrastructure and enhance land acquisition to manage the environmental issues. To manage the environmental issues government also should increase the water resources by applying the technology from outsiders. The advice from the outsiders and NGO also helps the government to develop new techniques to manage the environmental issues such as climate change (OECD, 2008). NGO activities should apply certain rules for the development of the Oil or Gas Company or the Oil or Gas producing nation. NGO play a major role in the collaboration of community and the Oil or Gas Company so that both can understand their expectations and it helps in the development of the company along with the community. Other action of NGO is resolution of conflict through which the operational issues can be overcome and it can help the company for the future success (Nelson, 2007). Another action applied by the NGO, which can be helpful for further development of the company is to increase awareness of the managers related to the delivery services and social issues for the improvement of human health. NGO also deliver information related to the safety of environment to the Oil or Gas Company. NGO also provide information about the planning and implementation of the technology for further development of the company (Acorn, 2012). NGO applies rule regarding human rights so that there cannot be any conflict among employees. Therefore, the managers of Oil or Gas Company should reduce the transparency issue for the sustainability of the company. The activities of NGO are the beneficial for the development of the Oil or Gas Company also for the local communities as this is a wide sector and helps in creating economies of scale (ZSL, 2014; IFAW, n.d.). References Acorn, 2012. Oil & Gas and NGOs: New Rules of Engagement. Local Content & Global Assurance, pp. 1-4. Baumuller, H. D. E. & et. al., 2011. The Effects of Oil Companies’ Activities on the Environment, Health and Development in Sub-Saharan Africa. Directorate-General for External Policies of the Union, pp. 7-59. Crown, 2013. Developing Onshore Shale Gas and Oil – Facts about ‘Fracking. Department of Energy and Climate Change, pp. 2-11. EY, 2013. Global Oil and Gas Reserves Study. Building a Better Working World, pp. 1-108. European Communities, 2008. The Economic Aspects of the Energy Sector in CIS Countries. Economic and Financial Affairs, pp. 1-376. EBI, No Date. Integrating Biodiversity Conservation into Oil & Gas Development. The Energy & Biodiversity Initiative, pp. 1-58. Frynas, G. J., 2005. The False Developmental Promise of Corporate Social Responsibility: Evidence from Multinational Oil Companies. International Affairs, Vol. 81, Is. 3, pp. 581-598. FAS, 2007. The Role of National Oil Companies in the International Oil Market. Congressional Research Service, pp. 2-17. IFAW, No Date. NGO Statement on proposed construction of new Sakhalin II oil & gas platform off Sakhalin Island (Southern Piltun). Pacific Environment, pp. 1-2. KPMG, 2011. Shale Gas – A Global Perspective. KPMG Global Energy Institute, pp. 2-18. Marchant, J., 2015. Corporate Social Responsibility A Role in Government Policy and Regulation. The University of Bath, pp. 1-90. Mitchell, J. & et. al., 2012. What Next for the Oil and Gas Industry. The Royal Institute of International Affairs, pp. 1-108. Marcel, V., 2013. Guidelines for Good Governance in Emerging Oil and Gas Producers. The Royal Institute of International Affairs, pp. 4-36. Nelson, J., 2007. The Operation of the Non-Governmental Organizations (NGOs) in a World Corporate and Other Codes of Conduct. Harvard University, pp. 1-35. OGP, 2002. Key Questions in Managing Social Issues in Oil & Gas Projects. International Associations of Oil & Gas Producer, pp. 1-46. OECD, 2008. Natural Resources and Pro-Poor Growth. The Economics and Politics, pp. 3-166. Petroleum Council, 2013. Responsibly Energizing a Growing World. Official Publication of the 21st World Petroleum Congress, pp. 13-54. Seelke, R. C. & et. al., 2015. Mexico’s Oil and Gas Sector: Background, Reform Efforts, and Implications for the United States. Congressional Research Service, pp. 1-21. Visser, P. J. & Larderel, D. A. J., 1997. Environmental Management in Oil and Gas Exploration and Production. An Overview of Issues and Management Approaches, pp. 1-67. ZSL, 2014. Joint NGO Statement on No-Go and No-Impact Measures for Extractive Activities in Natural and Mixed World Heritage Sites. Final Approved Version, pp. 1-3. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Evaluation Report on Oil & Gas Producing nations Essay”, n.d.)
Evaluation Report on Oil & Gas Producing nations Essay. Retrieved from https://studentshare.org/law/1686165-evaluation-report-on-oil-gas-producing-nations
(Evaluation Report on Oil & Gas Producing Nations Essay)
Evaluation Report on Oil & Gas Producing Nations Essay. https://studentshare.org/law/1686165-evaluation-report-on-oil-gas-producing-nations.
“Evaluation Report on Oil & Gas Producing Nations Essay”, n.d. https://studentshare.org/law/1686165-evaluation-report-on-oil-gas-producing-nations.
  • Cited: 0 times

CHECK THESE SAMPLES OF Gas Producing Nations

International Oil and Gas Law in a Developing Nation

Hence, petroleum has become a strategic commodity for the nations around the world now.... University of East Anglia Norwich Law School LAW- M614 INTERNATIONAL OIL AND gas LAW PG COURSEWORK 2011-2012 STUDENT REGISTRATION NUMBER [] Word count without bibliography 4826 S.... Introduction Colonel Drake can be said to be the father of the oil & gas industry as it was he who made the first successful drilling at Titusville, Pennsylvania on 27 August 1859....
19 Pages (4750 words) Coursework

Approach to Oil and Gas Development

Most oil and Gas Producing Nations own the resources, issue the licenses for development activities, and engage in monitoring and control of the process and production.... Outsiders Advice to Governments of Oil or Gas-producing nations Over the past decades, there have been profound development issues raised regarding the oil and gas industry over the percentage of ownership, regulations effects, and the management.... THE ROLE OF NGO'S AND GOVERNMENTS ON OIL DEVELOPMENT by Author's Name Name of the Class Name of the Professor Name of the School City, State 30 March 2013 Introduction There are selective nations that are currently holding large oil and gas reserves across the world....
7 Pages (1750 words) Essay

Tourism Planning

Circumstantial evidence of this can of course be presented with regards to the way in which many individuals within the natural Gas Producing Nations around the globe state the future of their nations and economic wealth that they might hope to effect within the immediate future upon the belief that all market conditions will remain constant (Gracan et al.... However, beginning around the year 2004, it was noted that global natural gas reserves were in fact much larger than anticipated and the price premiums that had been paid for this natural gas plummeted (RUSE?...
6 Pages (1500 words) Essay

Maximizing Benefits From Oil and Gas Production in Developing Countries through Value Addition

Requirements for local content and addition of value are gradually becoming a norm in the regulatory frameworks of many oil-producing nations.... They include: A host of nations have made considerable progress in the implementation and advancement of local content participation but the issue still remains of concern.... It is estimated that 20 years from now, 90% of hydrocarbon production will be a product of developing nations (Baker 2007).... This list of developing nations that extract gas and oil has introduced the local content participation requirements into the regulatory frameworks that govern the developments of natural resources....
8 Pages (2000 words) Term Paper

Russian Foreign Policy

withdrawal of economic benefits and advantages through the natural gas prices or reduction of the purchasing prices if the nations are exporters, competitive pipeline projects, pipeline transit fees in order to make other actors within the post soviet space conduct something that they wouldn't otherwise do through the use of Russians political and economic powerful instruments.... The coercive energy power policy is delineated as the process of providing economic rewards in the post soviet state through the reduction of natural gas prices, ...
16 Pages (4000 words) Essay

Oil and Gas - A Resource Curse

A discussion and analysis will be provided that helps to focus a level of discussion on the manner through which current behavior by OPEC nations might impact upon the future economic power that they could hope to establish.... Although many less-developed nations might wish themselves to so resource rich as some of the nations within the Middle East.... Although many less-developed nations might wish themselves to be so resource-rich as some of the nations within the Middle East, the reality of the matter is that nations that typically experience a high level of valuable natural resources, such as oil, ultimately suffer as a result of their existence....
15 Pages (3750 words) Essay

A Review of a Dynamic and Changing Industry

This report "A Review of a Dynamic and Changing Industry" seeks to provide an overview of the hospitality industry; with a special level of focus on the changes and dynamics of the industry that are currently represented and those that are expected to be represented in the coming years.... .... ...
7 Pages (1750 words) Report

Oil and Gas and American Foreign Policy

The US feared that it was going to be outflanked by other nations in the international arena as major companies from other powerful nations extended their global reach for oil resources.... After World War I, the interest of America in vital overseas areas abundant in energy resources was triggered by various factors including concerns over the depletion of domestic reserves and increasing competition of America with various nations in Europe in the global market (Dobson & Marsh, 2006)....
8 Pages (2000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us