Sustainable Recovery: The Multiple Benefits of Collaboration

2021 ◽  
Vol 73 (10) ◽  
pp. 6-7
Author(s):  
Kamel Ben-Naceur

The oil and gas industry is recovering along with the health situation and the world’s economy following one of the largest downturns in its 160-year history caused by the COVID-19 pandemic. What comes ahead brings its own challenges. The recent Intergovernmental Panel on Climate Change’s (IPCC) Working Group 1 contribution to the IPCC’s Sixth Assessment Report, Climate Change 2021: The Physical Science Basis, published in August, highlighted the “widespread and rapid acceleration of climate change,” with the 1.5°C threshold reached as early as the end of this decade. The dramatic weather events around the globe this summer (in the Northern Hemisphere) with historical temperature records on the North American Pacific Coast and in the central and eastern Mediterranean regions, and huge fires impacting those regions and others such as Siberia, were a reminder that the transformation is occurring now. In this context, the energy mix that the world uses today needs to evolve to a more rational use through energy efficiency and with a lower carbon content, starting from the use of coal. The oil and gas industry has been pioneering the development of technologies such as carbon capture and underground storage and blue hydrogen. International oil companies and national oil companies rank amongst the largest technology investors in renewables and energy storage. Renewables also have a strong potential in applications such as steam injection. Collaboration among the industry and with other peripheral sectors will be an essential ingredient to accelerate the transformation of the energy sector. I personally started in the oil and gas industry more than 4 decades ago in research and development (R&D) with a large oilfield service company, where I led a team of scientists investigating hydraulic fracturing. One of the projects was related to acid fracturing, which required the injection of a viscous non-Newtonian pad to fracture the formation and keep the fracture open, followed by acid which had a much lower viscosity. The two-fluid displacement inside the fracture led to an instability called viscous fingering. In order to understand the phenomenon, we put together a very diverse team, comprising a mathematician, an astrophysicist, a physicochemist, and a geologist. The team was unable to initially work well together and collaborate. The breakthrough came when a high-level scientist from Boston University, a specialist in critical phenomena, was added as a catalyst to the team. Within a few months, the team managed to develop and validate a model for viscous fingering using diffusion-limited aggregation and fractal theory, and its work was published in Nature and the American Physical Society’s Physical Reviews Journals. The team then developed a new set of models for wormholes created by the injection of acid through matrix acidizing and fracture acidizing which were used to create the required chemistry to ensure effectiveness of the treatments. I remain convinced that if we had not included the diversity of the skills and used a catalyst for collaboration, we would not have cracked the research code so rapidly.

2021 ◽  
Vol 18 (1) ◽  
pp. 52-65
Author(s):  
P. N. Mikheev

The article discusses issues related to the impact of climate change on the objects of the oil and gas industry. The main trends in climate change on a global and regional (on the territory of Russian Federation) scale are outlined. Possible approaches to the identification and assessment of climate risks are discussed. The role of climatic risks as physical factors at various stages of development and implementation of oil and gas projects is shown. Based on the example of oil and gas facilities in the Tomsk region, a qualitative assessment of the level of potential risk from a weather and climatic perspective is given. Approaches to creating a risk management and adaptation system to climate change are presented.


2018 ◽  
Vol 3 (4) ◽  
pp. 30
Author(s):  
Maria João Mimoso ◽  
Clara da Conceição de Sousa Alves ◽  
Diogo Filipe Dias Gonçalves

Since the beginning of the 19th century, we have assisted major proliferation of the oil and gas industry. This phenomenon of exponential growth is due to the fact that oil companies hold the world’s oil monopoly on the extraction, processing and commercialization. Therefore, as being one of the most influential sectors in the world, is crucial to strictly regulate how oil and gas contracts concerns the potential environmental and social impacts arising from the conduct of petroleum operations and how such behavior affects the human rights. As a matter of fact, the social issues field is an emerging area, and despite such importance, oil contracts do not often deal with them in great detail, corresponding to an actual emptiness of the human rights provisions. In terms of responsibly, oil companies, have an inalienable obligation to ensure that their actions do not violate human rights or contribute for their violation. This study aims to trace a detailed analysis of the impact of the oil and gas agreements in human rights. In order to fully comprehend the deep effects of this industry, we will examine, in detail, numerous of published oil and gas agreements, as well as, decode which are the real standards and practices accepted by this industry. We will use a deductive and speculative reasoning. We will try to demonstrate how incipient and short protection is given to human rights and what responsible conducts must urgently be developed.


2019 ◽  
Vol 2019 (4) ◽  
pp. 160-175
Author(s):  
Anna Popova

The author studies environmental insurance in nature management as a lever of management measures to prevent and eliminate environmental pollution by oil products during their transportation and oil fields development. The research aims to develop recommendations for environmental risks insurance in Russian oil and gas industry on the basis of economic and mathematical model that allows to estimate the scale of environmental pollution by oil products. Such methods as system and comparative analysis, expert assessments, forecasting, modeling used in this work helped the author to identify Russian environmental insurance features; to propose a method for solving the problem concerning the lack of statistical data on the frequency and scale of accidents and the environmental damage magnitude by mathematical modeling of the accident, which allows to estimate the radius and depth of the underlying surface pollution. These developments will help insurers to make more adequate insurance premiums and tariffs, as well as to improve the underwriting procedure for unique oil and gas projects. But in order for the obtained achievements to find their application, it is necessary to have legislation obliging oil companies to compensate for environmental damage, and due to the scale of such damage, oil companies will be obliged to insure the relevant risks.


2016 ◽  
Vol 9 (8) ◽  
pp. 37
Author(s):  
Savio De Luna Pinto ◽  
Aline Alves de Andrade ◽  
Roselaine Cristina Borges ◽  
Celso Machado Jr.

<p>This article identifies the profile of the boards of the ten largest companies in the Oil and Gas industry on NASDAQ and the variation of their stocks. The research contributes to the study developed by Andrade (2009) which established the relationship between corporate governance and market value in Brazil. Additionally, Connell and Cramer (2010) studied the advice of Ireland companies, point out the importance of analyzing the board's composition and its influence on the organization's performance in the stock market in different segments. The method was a qualitative analysis of the board, and the correlation of the board with the variation and point that studies in a number of other countries generally fail to report any significant association between board composition and firm performance. The research information shows that the best performing companies have common characteristics: advice with fewer members; age diversity of members and specifically trained in master. These characteristics capable of being incorporated by the companies and that give power to favorable conditions for companies, for shareholders and for society in general.</p>


2019 ◽  
Vol 29 (Supplement_4) ◽  
Author(s):  
D Lamnisos ◽  
M Michail ◽  
D Stasinopoulos ◽  
K Giannakou

Abstract Background Oil and Gas industry suffers from high accident rates because of the dangerous working conditions. Eastern Mediterranean countries have an immature Oil and Gas industry and therefore it is crucial for preventing accidents in this early stage to implement internationally proven successful policies. The aim of this study was to investigate whether the accident prevention policies implemented by Norwegian government in 2001 were effective in reducing accident rates in the offshore Oil and Gas industry. Methods Data on the number of accidents, dates and type of facility (fixed or movable) for the years 1999-2006 were obtained from the Norwegian Petroleum Safety Authority (PSA). The effectiveness of the policy to reduce accident rates was estimated in interrupted time series analysis with post-intervention period the 1st of January 2001. Poisson regression was used to model the number of accident per months. Results The dataset had 96 months with a median number of accidents per month 6.5 (IQR: 4-10) for fixed facilities and 5.0 (IQR: 3-9) for movable facilities. The analysis suggested that there was a reduction in accident rates for fixed and movable facilities. Following the policy, there was a reduction in accidents of 45% for fixed facilities (rate ratio (RR) 0.55; 95% confidence interval (CI) 0.47-0.64), while for movable facilities there was a decrease of 67% (RR 0.33; 95% CI 0.28-0.39). Conclusions The policies implemented by Norwegian government in 2001 were effective in reducing the accident rates for fixed and movable facilities. The immature Oil and Gas industry of the Eastern Mediterranean countries will be benefited from studying and adopting some of the policies implemented by Norwegian government. Key messages Norwegian policies for accident prevention in the offshore Oil and Gas industry were successful. Oil and Gas industry of Eastern Mediterranean countries should adopt proven successful policies to prevent accidents.


2013 ◽  
Vol 13 (1) ◽  
pp. 83-97 ◽  
Author(s):  
A.M. de Britto Pires ◽  
F. Lima Cruz Teixeira ◽  
H.N. Hastenreiter Filho ◽  
S.R. Góes Oliveira

Since 1996, Petróleo Brasileiro S.A. – Petrobras, the biggest oil company in Latin America, has been supporting a programme for the design, customization, and implementation of tri-lateral collaborative arrangements called the Centres and Networks of Excellence (CNE) Programme, in areas which are critical to the company's competitiveness. This programme is aligned with the Open Innovation proposal, as it is designed to intensify the inflows and outflows of information and technology, from internal and external sources, in the RD&I activities of the participating organizations. This article presents qualitative research based on the case study of the Centre of Excellence (CE) in Engineering, Procurement and Construction (EPC), a hybrid organization which brings together oil companies, EPC companies, universities and technical schools, government entities, professional associations and industry bodies, in an effort to make the Brazilian EPC sector related to the oil and gas industry sustainable and competitive worldwide. The principal objective was to investigate the governance elements and managerial mechanisms that support or hinder collaboration among the parties. The work included the identification of collaborative activities within the organization and aspects of trust. Qualitative data was collected by means of in-depth interviews with staff and executive members of the CE-EPC. The case study highlighted the potential of the method to help set up hybrid collaborative initiatives among parties from different institutional spheres. However, the research identified some barriers to the full accomplishment of CNE. A weak culture of collaboration was the greatest difficulty found in the CE-EPC case. The lack of positive previous cooperation experiences together with a lifelong practice of market relations make it hard to get members to focus attention on a new work logic. Yet, despite the high asymmetry among members and the weak network culture, the results indicate that the CE-EPC has accomplished significant positive results in twenty months of operation and that its internal environment is supportive and favours the improvement and consolidation of the organization.


2015 ◽  
Vol 10 (2) ◽  
pp. 118-131 ◽  
Author(s):  
Kwesi Amponsah-Tawiah ◽  
Kwasi Dartey-Baah ◽  
Kobena Osam

Purpose – This paper aims to examine the potential impact of the presence of oil resource on the Ghanaian society. Specifically, the paper investigates the relationship between key stakeholders in the oil sector, how stakeholder interactions create the potential for collision and advances measures aimed at turning possible collision into cooperation. Design/methodology/approach – The paper uses a literature review-based approach, drawing on existing literature in a number of areas including corporate social responsibility (CSR), oil and gas industry in Ghana and Nigeria as well as communication. Findings – The paper advances that expectations of stakeholders as regards oil being a panacea to all their problems must be managed to avoid possible collision. Additionally, Ghana’s oil industry must identify and engage all stakeholders in planning suitable and sustainable CSR programmes for economic development, thus fostering a friendly environment for oil companies. Transparency and accountability are also needed to promote cooperation rather than collision among stakeholders in Ghana’s oil industry. Originality/value – This paper raises and brings to the fore critical issues that can lead to potential collisions in the oil and gas industry in Ghana if not well-managed, and thus an innovative work in that regard.


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