Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
Economic Aspects of the Sustainable Technological Development of the Oil and Gas Industry in the Context of Low Oil Prices and the Current Situation in the Energy Markets. / Eder, Leontiy V.; Provornava, Irina V.; Kulik, Anna A. et al.
2018 14th International Scientific-Technical Conference on Actual Problems of Electronic Instrument Engineering, APEIE 2018 - Proceedings. Institute of Electrical and Electronics Engineers Inc., 2018. p. 368-373 8546167.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
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TY - GEN
T1 - Economic Aspects of the Sustainable Technological Development of the Oil and Gas Industry in the Context of Low Oil Prices and the Current Situation in the Energy Markets
AU - Eder, Leontiy V.
AU - Provornava, Irina V.
AU - Kulik, Anna A.
AU - Ncmov, Vasily Yu
PY - 2018/11/26
Y1 - 2018/11/26
N2 - This article examines the dynamics of oil and gas companies' operating expenses as a factor of technological development. Based on the econometric model built on the basis of panel data, it was shown that with the oil prices plunging, oil and gas companies almost halved operating expenses primarily due to technological development in the field of hydrocarbons' exploration and production. It throws down a significant challenge to the Russian oil and gas industry in efficiency gains of the hard-to-recover oil and gas reserves' development and import phase-out.
AB - This article examines the dynamics of oil and gas companies' operating expenses as a factor of technological development. Based on the econometric model built on the basis of panel data, it was shown that with the oil prices plunging, oil and gas companies almost halved operating expenses primarily due to technological development in the field of hydrocarbons' exploration and production. It throws down a significant challenge to the Russian oil and gas industry in efficiency gains of the hard-to-recover oil and gas reserves' development and import phase-out.
KW - oil prices
KW - petroleum
KW - sustainable development
KW - Technological development
KW - unconventional resources
UR - http://www.scopus.com/inward/record.url?scp=85060166427&partnerID=8YFLogxK
U2 - 10.1109/APEIE.2018.8546167
DO - 10.1109/APEIE.2018.8546167
M3 - Conference contribution
AN - SCOPUS:85060166427
SP - 368
EP - 373
BT - 2018 14th International Scientific-Technical Conference on Actual Problems of Electronic Instrument Engineering, APEIE 2018 - Proceedings
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 14th International Scientific-Technical Conference on Actual Problems of Electronic Instrument Engineering, APEIE 2018
Y2 - 2 October 2018 through 6 October 2018
ER -
ID: 18291031