Performance Measurement Of The Petroleum Industry

Performance Management for the Oil, Gas, and Process Industries: A Systems Approach is a practical guide on the business cycle and techniques to undertake step, episodic, and breakthrough improvement in performance to optimize operating costs. Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more integrated units, as well as the application of increasingly stringent environmental policies. Focusing on the ‘value adder’ or ‘revenue generator’ core system and the company direction statement, this book describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries. The book will enable the reader to: utilize best practice principles of good governance for long term performance enhancement; identify the most significant performance indicators for overall business improvement; apply strategies to ensure that targets are met in agreed upon time frames. Describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries Helps readers set appropriate and realistic short-term/ long-term targets with a pre-built facility health checker Elucidates the relationship between PSM, OHS, and Asset Integrity with an increased emphasis on behavior-based safety Discusses specific oil and gas industry issues and examples such as refinery and gas plant performance initiatives and hydrocarbon accounting

1 Oxford and Webster's dictionaries ,2 give trans-Atlantic agreement in English with a common definition for 'Quality' as 'degree of excellence'. Compared with the many words taken up by other authors' definitions, this is remarkably brief and no doubt unsatisfactory to many people. Yet if 'degree' means a stage in an ascending or descending series, in intensity or in amount, then measurement is by definition explicitly required if terms such as 'quality level', 'good quality', 'high quality' etc. are to have any real meaning. Using measurement is inherent in the methods of all the major writers on the achievement of business improvement through quality. Results from measurements allow improvement by using tools commonly grouped under the heading Statistical Process Control (SPC). Results also form part of the judging criteria of Total Quality Management (TQM) models such as the Malcolm Baldrige National Quality Award in the USA and the more recent European Quality Award. Future revisions of the ISO 9000 series of quality management system standards will specifically require measure ment of defects. However, it is not easy for quality professionals or line managers to find examples of what they should measure and how to do it in their own particular functions in their own particular industries; case st\}dies always seem to refer to others.

Scientific Study from the year 2015 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: This research will focus on a critical assessment of leadership and employee performance in oil and gas sector of Saudi Arabia by taking into account three top petroleum companies. To achieve this aim, the following list of objectives are formed – To evaluate the link between employee performance and leadership in selected organisations – To discover how leadership patterns affect employees’ performance – To explore the impact of leadership style on employees’ productivity – To investigate the factors affecting the performance of employees in selected organisation Saudi Arabia as a nation is presently facing a quick increase in the number of entrepreneurs who establish businesses related to wholesales, maintenance and production industries in local areas. These businesses are increasing the expectations and interactions between the entrepreneur and employees on a daily basis. Due to this fact, the study will be of a huge importance in a number of ways: 1. It will help expose the relationship between organisational performance and leadership and how leadership techniques could be useful for petroleum industries to manage the environmental influences and differences. 2. It will be useful for students of business administration who may become entrepreneurs, managers and leaders in the future. 3. The study will also help the leaders and the managements of the petroleum industry become aware of the factors that really motivate their workers in high and low productivity in their work. Similarly, it is expected that when the implications are prepared and applied between employees and leaders in the organisation, it would enhance improvement and co-operation in individual’s performance and would also increase the interpersonal relationship and high productivity significantly. Other organisational issues such as aggression, fixation, stress, regression and friction between leaders and employees would also be reduced.

Market value is set by investor behaviour ....but objective methods of valuation are vital for accurate predictions of market behaviour. What are the key issues facing the industry - and the main points the analyst needs to look for when interpreting oil industry accounts? Do the best prospects necessarily lie with the larger and better-financed companies? How best can an investment strategy be managed in the refining industry, with its conflicting pressures of environmental controls and inadequate returns?This unique and authoritative book has the answers to these and many other questions, offering a series of benchmarks and performance indicators with which to evaluate oil company shares. An updated edition of a respected and established title, it remains the only comprehensive handbook of its kind available, and will be eagerly welcomed by corporate planners as well as investors and analysts. An essential and practical guide for investors, analysers and corporate planners The only book which shows how to actually value oil and gas companies International in outlook