Trends in the Development of Oil and Gas Complex

The home oil and gas complex plays an important role in Russian economy. The article deals with finding the key trends in the development of oil and gas complex and analyzing the acute challenges facing oil and gas enterprises. The authors came to the conclusion that in today’s conditions the oil an...

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Main Authors: A. P. Garnov, V. Yu. Garnova, N. P. Tishkina
Format: Article
Language:Russian
Published: Plekhanov Russian University of Economics 2019-12-01
Series:Вестник Российского экономического университета имени Г. В. Плеханова
Subjects:
Online Access:https://vest.rea.ru/jour/article/view/793
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author A. P. Garnov
V. Yu. Garnova
N. P. Tishkina
author_facet A. P. Garnov
V. Yu. Garnova
N. P. Tishkina
author_sort A. P. Garnov
collection DOAJ
description The home oil and gas complex plays an important role in Russian economy. The article deals with finding the key trends in the development of oil and gas complex and analyzing the acute challenges facing oil and gas enterprises. The authors came to the conclusion that in today’s conditions the oil and gas complex encounters severe competition on global market due to high volatility of oil prices and growth in extraction cost. The complicated macro-economic situation caused the shortage of finance. In the coming decade the distribution of different power resource consumption will considerably change. To secure their competitiveness enterprises of the oil and gas complex should revise strategies of positioning on power resource market. The authors propose to use three possible ways of developing oil and gas companies: to extract mineral resources at max rate, to diversify, to start development of renewable sources of power. Irrespective of the selected way of development oil and gas companies should watch closely the three important aspects: reforming the portfolio structure focusing on strengths and new fields of growth, introducing digital technologies and attracting competent experts.
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spelling doaj.art-7ab38a37c3de42388a04d3ae110836062023-09-03T13:02:20ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512019-12-010610811510.21686/2413-2829-2019-6-108-115667Trends in the Development of Oil and Gas ComplexA. P. Garnov0V. Yu. Garnova1N. P. Tishkina2Российский экономический университет имени Г. В. ПлехановаРоссийский экономический университет имени Г. В. ПлехановаМосковский финансово-промышленный университет «Синергия»The home oil and gas complex plays an important role in Russian economy. The article deals with finding the key trends in the development of oil and gas complex and analyzing the acute challenges facing oil and gas enterprises. The authors came to the conclusion that in today’s conditions the oil and gas complex encounters severe competition on global market due to high volatility of oil prices and growth in extraction cost. The complicated macro-economic situation caused the shortage of finance. In the coming decade the distribution of different power resource consumption will considerably change. To secure their competitiveness enterprises of the oil and gas complex should revise strategies of positioning on power resource market. The authors propose to use three possible ways of developing oil and gas companies: to extract mineral resources at max rate, to diversify, to start development of renewable sources of power. Irrespective of the selected way of development oil and gas companies should watch closely the three important aspects: reforming the portfolio structure focusing on strengths and new fields of growth, introducing digital technologies and attracting competent experts.https://vest.rea.ru/jour/article/view/793нефтьгазкапиталэффективностьинвестиционная привлекательностьанализ
spellingShingle A. P. Garnov
V. Yu. Garnova
N. P. Tishkina
Trends in the Development of Oil and Gas Complex
Вестник Российского экономического университета имени Г. В. Плеханова
нефть
газ
капитал
эффективность
инвестиционная привлекательность
анализ
title Trends in the Development of Oil and Gas Complex
title_full Trends in the Development of Oil and Gas Complex
title_fullStr Trends in the Development of Oil and Gas Complex
title_full_unstemmed Trends in the Development of Oil and Gas Complex
title_short Trends in the Development of Oil and Gas Complex
title_sort trends in the development of oil and gas complex
topic нефть
газ
капитал
эффективность
инвестиционная привлекательность
анализ
url https://vest.rea.ru/jour/article/view/793
work_keys_str_mv AT apgarnov trendsinthedevelopmentofoilandgascomplex
AT vyugarnova trendsinthedevelopmentofoilandgascomplex
AT nptishkina trendsinthedevelopmentofoilandgascomplex