Energy Transition in Oil and Gas Companies: A Case Study in the Colombian Hydrocarbons Sector

2021 ◽  
Author(s):  
Fernando Antonio Plazas Niño
Keyword(s):  
Oil And Gas ◽  
Energy Transition ◽  
Energy System ◽  
Green Energy ◽  
Future Research ◽  
Analysis Framework ◽  
Continuous Change ◽  
Energy Companies ◽  
Oil And Gas Companies

Abstract The conjunction between energy transition and oil and gas companies sets a significative question related to the role that these companies should play to respond to the gradual but continuous change in the worldwide energy system and the challenge of migrating from a fossil fuel-based structure to a green energy-driven economy with zero emissions of greenhouse gases. In this context, this paper enables to illustrate the main actions and strategies implemented by oil and gas companies to address the energy transition through a case study involving the most important Colombian company in the sector. Likewise, the work spotlights the relevance of implementing policies aimed at the transformation of oil and gas companies into integrated energy companies. Finally, an analysis framework is proposed to study the performance of oil and gas companies in the area of energy transition as a contribution for future research.

Value Co-Creation Practices in the Decommissioning of Offshore Platforms: A Case Study Approach

2021 ◽  
pp. 239496432110320
Author(s):  
Francesca Loia ◽  
Vincenzo Basile ◽  
Nancy Capobianco ◽  
Roberto Vona
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Future Research ◽  
Offshore Platforms ◽  
Gas Industry ◽  
Study Approach ◽  
Collaborative Interactions ◽  
Exploratory Approach ◽  
Italian Context

Over the years, value co-creation practices have become increasingly more important by supporting collaborative interactions and the achievement of sustainable and mutual competitive advantage between the ecosystem’ actors. In this direction, the oil and gas industry is proposing a sustainable re-use of offshore platforms based on value co-creation and resources exchange between the actors involved. According to this consideration, this work aims at re-reading the decommissioning of offshore platforms in the light of value co-creation practices, trying to capture the factors that governments and companies can leverage to pursue a sustainable development of local communities. To reach this goal, this work follows an exploratory approach by using, in particular, the case study. Specifically, one of the most notably projects in the Italian context have been chosen, the Paguro platform, in order to provide empirical insights into the nature of these value co-creation processes. Five value co-creation practices have been identified which highlight the importance of synergistic efforts of institutions, companies and technology-based platforms for improving the ability to co-create and capture value in the process of decommissioning. This exploratory work establishes a foundation for future research, and offers theoretical and managerial guidance in this increasingly important area.

Primary Energy System Chain Security Under the Energy Transition

2021 ◽  
Author(s):  
Osamah Alsayegh
Keyword(s):  
Electric Vehicles ◽  
Energy Demand ◽  
Oil And Gas ◽  
Supply And Demand ◽  
Energy Transition ◽  
System Security ◽  
Energy System ◽  
Primary Energy ◽  
Low Carbon ◽  
Low Carbon Energy

Abstract This paper examines the energy transition consequences on the oil and gas energy system chain as it propagates from net importing through the transit to the net exporting countries (or regions). The fundamental energy system security concerns of importing, transit, and exporting regions are analyzed under the low carbon energy transition dynamics. The analysis is evidence-based on diversification of energy sources, energy supply and demand evolution, and energy demand management development. The analysis results imply that the energy system is going through technological and logistical reallocation of primary energy. The manifestation of such reallocation includes an increase in electrification, the rise of energy carrier options, and clean technologies. Under healthy and normal global economic growth, the reallocation mentioned above would have a mild effect on curbing the oil and gas primary energy demands growth. A case study concerning electric vehicles, which is part of the energy transition aspect, is presented to assess its impact on the energy system, precisely on the fossil fuel demand. Results show that electric vehicles are indirectly fueled, mainly from fossil-fired power stations through electric grids. Moreover, oil byproducts use in the electric vehicle industry confirms the reallocation of the energy system components' roles. The paper's contribution to the literature is the portrayal of the energy system security state under the low carbon energy transition. The significance of this representation is to shed light on the concerns of the net exporting, transit, and net importing regions under such evolution. Subsequently, it facilitates the development of measures toward mitigating world tensions and conflicts, enhancing the global socio-economic wellbeing, and preventing corruption.

Employee perceptions of fairness toward IoT monitoring

2018 ◽  
Vol 48 (4) ◽  
pp. 504-516 ◽  
Author(s):  
Maryam Al-Hitmi ◽  
Karma Sherif
Keyword(s):  
Oil And Gas ◽  
Electronic Monitoring ◽  
Oil And Gas Industry ◽  
Employee Perceptions ◽  
Future Research ◽  
Universal Theory ◽  
Content Type ◽  
Perceptions Of Fairness ◽  
The Relationship

Purpose This paper aims to explore Internet of Things (IoT)-enabled monitoring in a multi-national petrochemical organization in Qatar and finds that the technology does not negatively influence employee perceptions of fairness, challenging current propositions on monitoring and highlighting the emerging role of culture, competition and paradoxical leadership in moderating the relationship between IoT-enabled monitoring and perceptions of fairness. Design/methodology/approach The authors adopted qualitative research as the methodological premise to explore the relationship between IoT-enabled monitoring and perceptions of fairness. They collected data from an oil and gas organization in Qatar to test the validity of the proposed hypotheses. Findings While I0T-enabled monitoring was perceived as pervasive, tracking every move and recording conversations, the diffusion of the technology throughout Qatar desensitized employees who felt it was the new reality around workspaces. The following three important factors reshaped employees’ perceptions toward IoT-enabled monitoring: a culture that is driven by productivity and strongly adheres by policies and standards to reach set goals; a highly competitive job market; and a paradoxical leadership who balances between the competition and lucrative rewards. Research limitations/implications The limitation of this research is that the authors conducted a case study in similar organizations within the oil and gas industry in the State of Qatar to refute the theory that electronic monitoring of employees in the workspace elicits perceptions of unfairness. Future research can conduct quantitative surveys of employee perceptions in different industries within different cultures to be able to generalize and evolve a universal theory. Practical implications The research findings shed light on the escalating pressure global competition exerts on employees that nervousness about pervasive monitoring systems is replaced with fear of job loss and analytics on monitoring data is welcomed as a means of readjusting behavior to meet performance expectations. Originality/value The case study is the first to highlight the desensitization of employees to monitoring and the increasing pressure competition plays in motivating them to exceed expectations.

scholarly journals The Decarbonisation Challenge of Southeast Europe: A Case Study of Romania

2019 ◽  
Vol 54 (6) ◽  
pp. 341-346
Author(s):  
Radu Dudău ◽  
Mihnea Cătuţi
Keyword(s):  
Strategic Planning ◽  
Energy Transition ◽  
Energy System ◽  
Southeast Europe ◽  
Net Zero

AbstractNot only is Romania facing some crucial energy system problems, but the proposed solutions have often been improvised and incoherent. This also raises doubts about the effectiveness of strategic planning aimed at implementing the energy transition to net-zero emissions by 2050.

A STATE-OF-THE-ART REVIEW OF NEURAL NETWORKS FOR PERMEABILITY PREDICTION

2000 ◽  
Vol 40 (1) ◽  
pp. 341 ◽  
Author(s):  
A.G. Bruce ◽  
P.M. Wong ◽  
Y. Zhang ◽  
H.A. Salisch ◽  
C.C. Fung ◽  
...  
Keyword(s):  
Neural Networks ◽  
Oil And Gas ◽  
State Of The Art ◽  
Future Research ◽  
Good Prediction ◽  
New Era ◽  
Multiple Networks ◽  
Permeability Prediction ◽  
Future Research Directions ◽  
Oil And Gas Companies

This paper reviews the state-of-the-art of neural networks for permeability prediction from well logs. Good prediction of permeability is necessary for reservoir characterisation and is important for improving the reliability of the asset value of oil and gas companies. Two particular models, known as backpropagation and radial basis function networks, have been applied. From previous work, six innovative aspects are identified:choice of inputs;outlier detection and removal;data splitting;scaling;multiple networks; andprediction confidence.We have also provided a list of future research directions in the area, reflecting the current deficiencies of the use of neural networks. The topics are:the quality and quantity of core data;the maximum use of the logs;the compatibility of scales;the use of soft computing; andthe management of prediction confidence.The current applications are certainly the beginning of a new era. It is important for petrophysicists to take advantage of the advanced technologies.

scholarly journals Optimization and Techno-Economic Analysis of PV-Wind Power Systems for Rural Location in India.

2020 ◽  
Vol 170 ◽  
pp. 01015
Author(s):  
Avinash Kaldate ◽  
Amarsingh Kanase-Patil ◽  
Shashikant Lokhande
Keyword(s):  
Renewable Energy ◽  
Power Systems ◽  
Hybrid System ◽  
Energy System ◽  
Green Energy ◽  
Graphical Form ◽  
Hybrid Renewable Energy System ◽  
Optimum Planning ◽  
Wind Power Systems

One downside to Green Energy is that it cannot be estimated. Therefore, determining the optimum planning and perfect working strategies for the resources to be included in the hybrid system is very important. HOMER software has been used in this research paper to solve the case study of the hybrid renewable energy system. Due to its extensive analytical capabilities and advanced prediction capabilities based on the sensitivity of variables, HOMER is one of the most used software for optimal planning purposes. A case study for the sizing of a renewable energy-based hybrid system is solved in this article, using the Hybrid Optimization of Multiple Energy Resources (HOMER) software. Photovoltaic panels (PV panels), wind turbines (WT), batteries, converters, electric charge and grid are used in case study. The results of the simulation are presented in graphical form and tabulated for better system visualization. The design of a system to supply 6.8 KWh/d whereas the peak is 1.04 KW electric loads has been performed using HOMER software. In order to allow the user to choose the most suitable option, a comparative analysis has made, showing the pros and cons of cases. Optimum construction conditions help to lower operating costs.

Risk Analysis in Renewable Energy System (RES) Investment for a Developing Country: A Case Study in Pakistan

2020 ◽  
Vol 19 (2) ◽  
pp. 204-223
Author(s):  
Izzet Alp Gul ◽  
Gülgün Kayakutlu ◽  
M. Özgür Kayalica
Keyword(s):  
Risk Factors ◽  
Renewable Energy ◽  
Life Cycle ◽  
Risk Analysis ◽  
Fossil Fuels ◽  
Energy Transition ◽  
Energy System ◽  
Assessment Model ◽  
Infrastructure Investments

Technological improvements allow changing a significant part of the electricity generation investments to renewable energies. Especially in emerging markets and energy import-dependent countries, shift to renewable energy generation became more important to break the links of dependency. Pakistan relies on imported fossil fuels; however, the country’s experience and ambition about the renewable energy transition gain prominence in recent years. Considering the long-term life cycle of energy infrastructure investments, possible risk factors and their dynamic nature must be analysed before the financial decisions are taken. This article aims to propose a system dynamics model for the risk analysis of investment life cycle. In this study, possible risk factors are detected and discussed in different categories. The casual loop diagram of possible risk factors and risk assessment model are designed, and the impacts are analysed. Case study of the proposed model in Pakistan highlighted the importance of commercial risks. The results achieved through this study will guide investors, sector participants and policymakers to develop stable strategies for promoting renewable energy in the country. JEL: Q42, P48, O13

The scalability challenge: pathways to future decarbonisation and the impact on the oil and gas industry

2020 ◽  
Vol 60 (2) ◽  
pp. 548
Author(s):  
Gavin Thompson
Keyword(s):  
Business Models ◽  
Oil And Gas ◽  
Energy Transition ◽  
Oil And Gas Industry ◽  
Energy System ◽  
Paris Agreement ◽  
Gas Industry ◽  
Alternative Technologies ◽  
Multiple Challenges ◽  
The Impact

How will the global energy system move sharply towards a pathway compatible with the goals of the Paris Agreement by 2030? Despite great efforts on cost reductions in renewables, alternative technologies, advanced transportation and supportive government policies, progress to date is not enough. The challenge is now one of scalability. Although some technologies required for a 2°C future are economic and proven, many others are not. Optimists look at the cost of solar and wind and say we have all we need to achieve our targets. The reality is that significant additional investment is needed to get them to material scale, globally. And too often huge challenges are downplayed in sectors beyond power and transport, including industry, aviation, shipping, heating and agriculture. Given the criticality of climate change, these multiple challenges must now be addressed. Consequently, any accelerated pace of decarbonisation represents an existential challenge to the oil and gas industry, including in Australia. If companies are to remain investible through the long term, all will need to transition to business models that are aligned with the goals of the Paris Agreement. This paper considers what the path to decarbonisation could look like and how oil and gas companies must respond in order to prosper through the energy transition.

Case study of green energy system design for a multi-function building in campus

2011 ◽  
Vol 1 (3) ◽  
pp. 152-163 ◽  
Author(s):  
S. Deng ◽  
Y.J. Dai ◽  
R.Z. Wang ◽  
X.Q. Zhai
Keyword(s):  
System Design ◽  
Energy System ◽  
Green Energy
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