scholarly journals Contemporary Issues of Climate Change on Oil and Gas Industry Operations

2018 ◽  
Vol 5 (1) ◽  
pp. 33-46
Author(s):  
Oyeleke Oluwaseun Oyerinde
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
Storm Surges ◽  
Oil And Gas Industry ◽  
Water Shortage ◽  
Mitigation Strategies ◽  
Adaptation Measures ◽  
Exploration And Production ◽  
Oil And Gas Operations ◽  
The Impact

The reality of climate change as an aspect of broader global and environmental change attributable to either natural or anthropogenic cause is becoming more evident. Equally, energy, chiefly oil and gas is not only a major climate change inducer via greenhouse gas emissions anymore, but also a victim of the impacts therein. As such, this paper examines the impact of recorded changes in climatic variables on oil and gas operations categorized into upstream, midstream and downstream operations representing exploration and production, transportation, along with processing and distribution respectively. Identified changes in weather events primarily driven by general climate change having significant impact on oil and gas operations and infrastructure include increasing temperature, increasing flooding, storm surges, sea level rise, coastal erosion, intense winds and waves, drought/water shortage and subsidence/landslides/mudslides and they all pose tremendous risk to onshore and offshore (shallow and deep water) operations and installations. Several adaptation measures are currently being implemented some of which are already yielding positive results. Adaptation measures are being complemented with mitigation strategies as long-term solutions. Sadly, most developing oil producing countries are still way behind in adopting various existing adaptation measures and implementing mitigative strategies due to prevalent low capacity.

Introduction to automated health and safety risk identification and classification

2014 ◽  
Vol 54 (2) ◽  
pp. 484
Author(s):  
Joris Steeman
Keyword(s):  
Oil And Gas ◽  
Health And Safety ◽  
Injury Rate ◽  
Oil And Gas Industry ◽  
Risk Identification ◽  
Mitigation Strategies ◽  
Sources Of Information ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
Oil And Gas Operations

During the past decade, the major oil and gas players in Australia have put in significant effort to improve their performance on health and safety. With a strong focus on safety awareness of the workforce, the Australian oil and gas industry has been able to improve their health and safety performance, with leading indicators dropping significantly. From an international perspective, however, the total recordable injury rate in Australia is still more than two and half times higher than the total recordable injury rate among member of the International Oil and Gas Producers Association. This extended abstract introduces a new method to identifying and classifying risk and risk levels within oil and gas exploration and production operations based on the results from a trial project at an Australian LNG producer. This risk identification should be done in addition to the existing health and safety approaches. Nowadays, the workers in oil and gas operations use computer systems for managing their work, from isolations and permits to job hazard analyses. The equipment used in oil and gas exploration and production is producing large volumes of data. And external sources of information, such as the BoM, provide context on the conditions in which work is performed. Bringing these sources of data together and using automated statistical tools to identify and classify risk created a new perspective on the risk profile of activities of oil and gas operations. This enables organisations to pinpoint their risk-mitigation strategies where it will really make a difference.

On Approaches to Taking into Account the Risks of Changing Climatic Conditions when Planning and Implementing Oil and Gas Projects

2021 ◽  
Vol 18 (1) ◽  
pp. 52-65
Author(s):  
P. N. Mikheev
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Climatic Conditions ◽  
Qualitative Assessment ◽  
Physical Factors ◽  
Gas Industry ◽  
Climate Risks ◽  
The Impact

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.

BUYING AND SELLING PETROLEUM INTERESTS—IMPACT OF TAX CONSOLIDATION AND OTHER TAX REFORM MEASURES

2005 ◽  
Vol 45 (1) ◽  
pp. 643
Author(s):  
R. Henderson ◽  
C. Franchina ◽  
H. Wiseman
Keyword(s):  
Tax Reform ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Decision Makers ◽  
Clear Understanding ◽  
Senior Executives ◽  
Gas Industry ◽  
Exploration And Production ◽  
Tax Changes ◽  
The Impact

The new tax consolidation system, together with a number of other recent tax reform measures, has lead to a paradigm shift in the way in which the acquisition and sale of petroleum interests are treated for taxation purposes in Australia. In an industry where ownership interests in exploration and production fields regularly change hands, it is important that senior executives and decision-makers have a clear understanding of the impact of the new tax rules.This paper focusses on the commercial impact of these tax changes and is aimed at executives in the oil and gas industry with commercial, technical, legal or financial responsibilities.Board members will also have an interest to ensure that the risks arising out of the new rules are adequately addressed, and that shareholder value is being preserved.

The Standardization of Oil and Gas Law: Transnational Layers of Governance

2021 ◽  
pp. 348-376
Author(s):  
Djakhongir Saidov
Keyword(s):  
Oil And Gas ◽  
Petroleum Industry ◽  
Oil And Gas Industry ◽  
The State ◽  
Legal Order ◽  
Gas Industry ◽  
Exploration And Production ◽  
Oil And Gas Operations ◽  
Standards And Guidelines ◽  
The Relationship

This chapter investigates the main sources governing international oil and gas operations around the world, with a view to examining whether we are witnessing the emergence of transnational petroleum law (lex petrolea). The chapter explores the nature of governance in the petroleum industry and the extent to which the oil and gas industry is self-governed or governed by the state-made law. It assesses the degree of standardization of governance to determine whether it is so high as to give rise to the emergence of lex petrolea. The main focus is on sources, specific to the oil and gas industry, such as: model contracts, industry usages, standards, and guidelines promulgated by industry organizations and associations. This chapter argues that lex petrolea is not yet a mature legal order. Its sources are best characterized as transnational layers of governance of the international exploration and production operations. As to the relationship between the alleged lex petrolea and the state-made law, it is demonstrated that the two are vitally important to and mutually dependent on each other.

scholarly journals Aligning Socio-economic Field Laboratories and Agent Based Models assessing local climate change adaptation measures of Andean farmers

2017 ◽  
Vol 2 (1) ◽  
pp. 7-17
Author(s):  
André Lindner ◽  
Francois Jost ◽  
Mariana Vidal Merino ◽  
Natalia Reategui ◽  
Jürgen Pretzsch
Keyword(s):  
Climate Change ◽  
Environmental Conditions ◽  
Mitigation Strategies ◽  
Extreme Weather Events ◽  
Communication Tool ◽  
Modeling Framework ◽  
Adaptation Measures ◽  
Local Climate ◽  
Agent Based ◽  
The Impact

The increase in extreme weather events is a major consequence of climate change in tropical mountain rangeslike the Andes of Peru. The impact on farming households is of growing interest since adaptation and mitigation strategies are required to keep race with environmental conditions and to prevent people from increasing poverty. In this regard it becomes more and more obvious that a bottom-up approach incorporating the local socioeconomic processes and their interplay is needed. Socio-economic field laboratories are used to understand such processes on site. This integrates multi-disciplinary and participatory analyses of production and its relationship with biophysical and socio-economic determinants. Farmers react individually based on their experiences, financial situation, labor conditions, or attitude among others. In this regard socio-economic field laboratories also serve to develop and test scenarios about development paths, which involve the combination of both, local and scientific knowledge. For a comprehensive understanding of the multitude of interactions the agent-based modeling framework MPMAS (Mathematical Programming-based Multi-Agent System) is applied. In combination with continued ground-truthing, the model is used to gain insights into the functioning of the complex social system and to forecast its development in the near future. The assessment of the effect of humans’ behavior in changing environmental conditions including the comparison of different sites, transforms the model to a communication tool bridging the gap between adaptation policies and local realities.

Stakeholders' Engagement and Performance Efficiency at Oil and Gas Industry in Yemen

2021 ◽  
Vol 2 (1) ◽  
pp. 1-15
Author(s):  
Mohammed Ahmed Al-Haddad ◽  
Mohammed Saleh Al-Abed
Keyword(s):  
Oil And Gas ◽  
Primary Source ◽  
Oil And Gas Industry ◽  
Online Questionnaire ◽  
Gas Industry ◽  
Exploration And Production ◽  
Planning Development ◽  
And Performance ◽  
Liquid Natural Gas ◽  
The Impact

Oil and Gas industry in Yemen is considered as the biggest and variable sector. Therefore, the performance efficiency is very important to be attained during all the activities and phases that include searching, drilling, upstream, midstream, and downstream. As a crucial factor, stakeholders’ engagement theories have been emphasized the central role of stakeholders’ engagement to strategic planning efforts in contemporary organizations. This study therefore examined the impact of stakeholders’ engagement on the performance efficiency (time, cost, and quality) at the Yemeni oil and gas industry. The quantitative method was employed and online questionnaire was used as a primary source for collecting data. The sample size was 312, selected from three oil and gas companies; namely; Yemen Liquid Natural Gas Company, Safer Exploration and Production Oil Company and OMV Company. This study targeted managers and non-managers. The results show that stakeholders’ engagement has a significant relationship with the performance efficiency. In addition, stakeholders’ engagement has a significant impact on the performance efficiency. The results suggest the consideration of early stakeholders’ engagement in the planning, development, implementation, controlling and evaluation the performance. Managers should enhance every step regarding the participation of the stakeholders in the decision-making process. In addition, more effective practices will support achieving performance efficiency.

Financing petroleum projects and the impact of uncertainty

2009 ◽  
Vol 49 (2) ◽  
pp. 583
Author(s):  
Philip Reichardt ◽  
Stuart Wilcox
Keyword(s):  
Financial Institutions ◽  
Oil And Gas ◽  
Risk Mitigation ◽  
Commodity Prices ◽  
Oil And Gas Industry ◽  
Petroleum Engineering ◽  
Stage Of Development ◽  
Exploration And Production ◽  
Resource Uncertainty ◽  
The Impact

Financial institutions provide funding to the upstream oil and gas industry for a variety of projects including assisting with asset purchases, field appraisals and developments. Various uncertainties including reservoir, macro-economic and political variables are major considerations for financial institutions and have a considerable impact upon the type of finance offered for a project. The primary considerations for exploration and production (E&P) companies requiring capital are the quality and stage of development of their resources. The level of resource uncertainty may be considered on a spectrum from proved developed producing reserves to contingent or prospective resources. Financial structures are designed to balance resource uncertainty with a commensurate level of return to the investor. This paper presents a brief overview of the forms of finance available, highlights how uncertainties and risks affect the type of finance provided and explores the assessment of reservoir risk through petroleum engineering and geology and geophysics. In addition to resource uncertainty, this paper also discusses other risks including project execution, commodity prices, project costs, security coverage, the political environment and country risk, and the impact of these factors on project financing. The paper will also touch upon various risk mitigation factors, including product hedging and political risk insurance.

Consideration of Geopolitical Challenges within the Analysis of Geoenvironmental Risks for Oil and Gas Development of the Russian Arctic

2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Optimal Operation ◽  
The Arctic ◽  
Stage Model ◽  
Oil And Gas Development ◽  
Gas Industry ◽  
The Impact ◽  
Further Development ◽  
Geopolitical Risks

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest

A MODELING SYSTEM FOR CLIMATE CHANGE RISK ASSESSMENT, MANAGEMENT AND HEDGING IN COASTAL AREAS

2017 ◽  
Author(s):  
Sergei Soldatenko ◽  
Sergei Soldatenko ◽  
Genrikh Alekseev ◽  
Genrikh Alekseev ◽  
Alexander Danilov ◽  
...  
Keyword(s):  
Climate Change ◽  
Risk Assessment ◽  
Coastal Areas ◽  
Mitigation Strategies ◽  
System Structure ◽  
The Arctic ◽  
Risk Modeling ◽  
Wide Range ◽  
Adverse Weather ◽  
The Impact

Every aspect of human operations faces a wide range of risks, some of which can cause serious consequences. By the start of 21st century, mankind has recognized a new class of risks posed by climate change. It is obvious, that the global climate is changing, and will continue to change, in ways that affect the planning and day to day operations of businesses, government agencies and other organizations and institutions. The manifestations of climate change include but not limited to rising sea levels, increasing temperature, flooding, melting polar sea ice, adverse weather events (e.g. heatwaves, drought, and storms) and a rise in related problems (e.g. health and environmental). Assessing and managing climate risks represent one of the most challenging issues of today and for the future. The purpose of the risk modeling system discussed in this paper is to provide a framework and methodology to quantify risks caused by climate change, to facilitate estimates of the impact of climate change on various spheres of human activities and to compare eventual adaptation and risk mitigation strategies. The system integrates both physical climate system and economic models together with knowledge-based subsystem, which can help support proactive risk management. System structure and its main components are considered. Special attention is paid to climate risk assessment, management and hedging in the Arctic coastal areas.

Trends and Prospects of Development of the Oil and Gas Sector in the Context of Digitalization

2020 ◽  
Vol 26 (1) ◽  
pp. 35-45 ◽  
Author(s):  
A. G. Kazanin
Keyword(s):  
Oil And Gas ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Global Market ◽  
The Arctic ◽  
Business And Society ◽  
Gas Industry ◽  
Exploration And Production ◽  
Oil And Gas Sector

The modern oil and gas industry is heavily dependent on the processes and trends driven by the accelerating digitalization of the economy. Thus, the digitalization of the oil and gas sector has become Russia’s top priority, which involves a technological and structural transformation of all production processes and stages.Aim. The presented study aims to identify the major trends and prospects of development of the Russian oil and gas sector in the context of its digitalization and formation of the digital economy.Tasks. The authors analyze the major trends in the development of the oil and gas industry at a global scale and in Russia with allowance for the prospects of accelerated exploration of the Arctic; determine the best practices of implementation of digital technologies by oil and gas companies as well as the prospects and obstacles for the subsequent transfer of digital technologies to the Russian oil and gas industry.Methods. This study uses general scientific methods, such as analysis, synthesis, and scientific generalization.Results. Arctic hydrocarbons will become increasingly important to Russia in the long term, and their exploration and production will require the implementation of innovative technologies. Priority directions for the development of many oil and gas producers will include active application of digital technologies as a whole (different types of robots that could replace people in performing complex procedures), processing and analysis of big data using artificial intelligence to optimize processes, particularly in the field of exploration and production, processing and transportation. Digitalization of the oil and gas sector is a powerful factor in the improvement of the efficiency of the Russian economy. However, Russian companies are notably lagging behind in this field of innovative development and there are problems and high risks that need to be overcome to realize its potential for business and society.Conclusions. Given the strategic importance of the oil and gas industry for Russia, its sustainable development and national security, it is recommendable to focus on the development and implementation of digital technologies. This is crucial for the digitalization of long-term projection and strategic planning, assessment of the role and place of Russia and its largest energy companies in the global market with allowance for a maximum number of different internal and external factors.

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