scholarly journals Challenges for sustainable development strategies in oil and gas industries

2018 ◽  
Vol 12 (1) ◽  
pp. 626-638 ◽  
Author(s):  
Ali Asghar Sadeghi Mojarad ◽  
Vahid Atashbari ◽  
Adrian Tantau
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Financial Stability ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Working Environment ◽  
Operational Environment ◽  
Strategic Decisions ◽  
Exploration And Production ◽  
Oil And Gas Companies

Abstract The oil and gas industries remain an important drive for the world economy. On one hand, global demand for fossil fuels is still rising, and on the other hand, companies face complex investment challenges due to the harsh operational environment of exploration and production activities. Workforce regulations aim to provide a safe and secured working environment. However, exploration and production activities still cause local and global environmental risks such as groundwater contamination, or climate change in broader scale. Analyzing and reporting mechanisms are key performance indicators of sustainable development at the level of oil and gas companies. Obtaining and analyzing required data, nevertheless, seem to be a persistent challenge as to what degree these findings can affect the routine and strategic decisions of the oil and gas companies. In order to enable oil and gas companies to measure and control risks and manage incidents, artificial intelligent technologies in extended monitoring and supervising E&P operations is known to be an efficient prevention strategy. Such tools not only aid in profitability of the oil and gas companies, but also increase awareness of environment and climate change to act more responsibly. In this study, the significances of environmental policies were investigated through interviews with executives and stakeholders, revealing that the implementation of environmental protection policies is affected by the financial stability of the companies, and under severe economic situations, companies seem less enthusiastic in strictly implementing those policies. This paper provides a comprehensive review of emerging technologies in addressing existing and foreseen challenges in sustainable development in oil and gas industries, with the aim of suggesting prime solutions for strategic planning attempts.

scholarly journals Conceptual approaches for building a balanced portfolio of projects in oil and gas companies in exploration and production sector

2019 ◽  
Vol 140 ◽  
pp. 03004 ◽  
Author(s):  
Konstantin Molchanov ◽  
Natalia Romasheva
Keyword(s):  
Portfolio Management ◽  
Oil And Gas ◽  
Supply And Demand ◽  
Price Volatility ◽  
Minimal Risk ◽  
Strategic Decisions ◽  
Exploration And Production ◽  
Oil And Gas Companies ◽  
Capital Intensive

Uncertainties such as price volatility, supply and demand, global warming, technological progress, geopolitical situation, force the capital-intensive oil and gas sector to create a flexible portfolio of projects to proactively respond to changes. In an increasingly complex and uncertain environment, oil and gas companies around the world face continued pressure. It has become difficult to make strategic decisions and build long-term plans, so it has become vital to have a balanced portfolio. We suggest that in order to achieve the goals and maximize profitability, companies need to develop indicators for balanced portfolio, which will allow to evaluate the portfolio and rank the current and potential projects in order to create flexibility with minimal risk. In the article, we analysed modern approaches and benchmarked companies` tools for portfolio management, current situation in industry, identified risks and indicators for evaluation. We received the tool for quantitative evaluation for portfolio.

scholarly journals Potential Renewable Energy Aiming at the Sustainable Development in Vietnam

2018 ◽  
Vol 3 (12) ◽  
pp. 112-118
Author(s):  
Van Huong Dong
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Renewable Energy ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The Sustainable Development ◽  
Energy Needs ◽  
Energy Exploitation

Fossil fuels such as coal, oil, and gas meet most of the energy needs of people, but fossil fuels are unsustainable. The use of fossil fuels is one of the main causes of climate change and it has a serious impact on human health. In addition, these fuels are depleting, so the research and use of renewable energy sources such as wind, solar, geothermal or biomass is a necessity. In this paper, we mention some of the main reasons for promoting the development of renewable energy, the potential and the reality of renewable energy exploitation in Vietnam. In addition, we also outline the main reasons that hinder the development and exploitation of renewable energy sources in Vietnam.

Accelerating oil and gas investment and reserves by design

2018 ◽  
Vol 58 (2) ◽  
pp. 557
Author(s):  
Barry A. Goldstein
Keyword(s):  
Natural Gas ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
South Australia ◽  
Land Access ◽  
Oil And Gas Exploration ◽  
Oil And Gas Producers ◽  
Crude Oil Prices ◽  
Exploration And Production ◽  
Oil And Gas Operations

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence (Adams 1770). Some people unfamiliar with upstream petroleum operations, some enterprises keen to sustain uncontested land use, and some people against the use of fossil fuels have and will voice opposition to land access for oil and gas exploration and production. Social and economic concerns have also arisen with Australian domestic gas prices tending towards parity with netbacks from liquefied natural gas (LNG) exports. No doubt, natural gas, LNG and crude-oil prices will vary with local-to-international supply-side and demand-side competition. Hence, well run Australian oil and gas producers deploy stress-tested exploration, delineation and development budgets. With these challenges in mind, successive governments in South Australia have implemented leading-practice legislation, regulation, policies and programs to simultaneously gain and sustain trust with the public and investors with regard to land access for trustworthy oil and gas operations. South Australia’s most recent initiatives to foster reserve growth through welcomed investment in responsible oil and gas operations include the following: a Roundtable for Oil and Gas; evergreen answers to frequently asked questions, grouped retention licences that accelerate investment in the best of play trends; the Plan for ACcelerating Exploration (PACE) Gas Program; and the Oil and Gas Royalty Return Program. Intended and actual outcomes from these initiatives are addressed in this extended abstract.

Stability of offshore structures in shallow water depth

2011 ◽  
Vol 2 (2) ◽  
pp. 320-333
Author(s):  
F. Van den Abeele ◽  
J. Vande Voorde
Keyword(s):  
Shallow Water ◽  
Water Depth ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Structural Response ◽  
Offshore Structures ◽  
Exploration And Production ◽  
Subsea Pipelines ◽  
Wave Induced ◽  
Shallow Water Depth

The worldwide demand for energy, and in particular fossil fuels, keeps pushing the boundaries of offshoreengineering. Oil and gas majors are conducting their exploration and production activities in remotelocations and water depths exceeding 3000 meters. Such challenging conditions call for enhancedengineering techniques to cope with the risks of collapse, fatigue and pressure containment.On the other hand, offshore structures in shallow water depth (up to 100 meter) require a different anddedicated approach. Such structures are less prone to unstable collapse, but are often subjected to higherflow velocities, induced by both tides and waves. In this paper, numerical tools and utilities to study thestability of offshore structures in shallow water depth are reviewed, and three case studies are provided.First, the Coupled Eulerian Lagrangian (CEL) approach is demonstrated to combine the effects of fluid flowon the structural response of offshore structures. This approach is used to predict fluid flow aroundsubmersible platforms and jack-up rigs.Then, a Computational Fluid Dynamics (CFD) analysis is performed to calculate the turbulent Von Karmanstreet in the wake of subsea structures. At higher Reynolds numbers, this turbulent flow can give rise tovortex shedding and hence cyclic loading. Fluid structure interaction is applied to investigate the dynamicsof submarine risers, and evaluate the susceptibility of vortex induced vibrations.As a third case study, a hydrodynamic analysis is conducted to assess the combined effects of steadycurrent and oscillatory wave-induced flow on submerged structures. At the end of this paper, such ananalysis is performed to calculate drag, lift and inertia forces on partially buried subsea pipelines.

Final Words

Glaciers ◽  
2015 ◽  
Author(s):  
Jorge Daniel Taillant
Keyword(s):  
Climate Change ◽  
Global Climate Change ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Global Climate ◽  
Google Earth ◽  
Lifestyle Changes ◽  
Way Of Life ◽  
Daily Lives ◽  
Phase Out

In the preceding chapters of this book, we’ve traveled through a world of ice that was probably largely uncharted for most of us. Hopefully, we’ve learned a little bit about these fantastic frozen natural resources that play such a fundamental role in the sustainability and balance of our global ecosystem. Glaciers are melting. They are in danger because we have placed them in danger and, as such, we need to take note of and responsibility for this vulnerability, not only to protect glaciers but also to protect the very essence of our global habitat. Glaciers have been unprotected because they are obscure, removed, alien to our daily lives, located in far away places that are for the most part inhospitable to our way of life. And yet, they are a fundamental and integral part of our way of life. With modern tools like the Internet and programs like Google Earth, we can get closer to these fabulous vulnerable resources, to learn about them and work to protect them. The world is challenged today to address global climate change. If we envision a sustainable and harmonious environment in our future, we must progressively move away from fossil fuels and introduce a more balanced and sustainable mix of energy sources grounded on renewable energy. We must find solutions to generating, harnessing, transporting, and managing renewable energies, and we must progressively phase out oil and gas from our daily lives. It is possible; it just takes personal and collective conviction to set ourselves in motion to achieve this goal. Glaciers are a majestic resource, inspiring awe and wonder in a world of frozen beauty that awaits our discovery but that also alerts us to our excesses and indifference. We are losing our glaciers because we have ignored the extreme vulnerability of our planetary ecosystem, and we now must face difficult decisions about policy, consumption, and lifestyle changes that shake the foundations of our society. Global climate change for many seems intangible.

scholarly journals Risk management system model to improve the reputation of oil and gas companies in the Java island - Indonesia

2019 ◽  
Vol 276 ◽  
pp. 02014
Author(s):  
Nevila Rodhi Nova ◽  
I Putu Artama Wiguna ◽  
Anwar Nadjadji
Keyword(s):  
Sustainable Development ◽  
Risk Management ◽  
Management System ◽  
Oil And Gas ◽  
Negative Impact ◽  
Risk Management System ◽  
Preventive Method ◽  
Iso 31000 ◽  
Social Environmental ◽  
Oil And Gas Companies

Risk management has been widely studied and applied in oil and gas pipeline projects, but the reality is that the impacts still occur. This is due to the ineffectiveness of existing risk management applications, so of course in this case an effective risk management system is needed, in which risk management must pay attention to all aspects that exist, both internal aspects, external aspects, and other aspects that can affect and influenced by existing risks and risk management not only can be used as a preventive method. But it can also support sustainable development targets. This paper presents the application of risk management by oil and gas companies in Indonesia that has been adapted to ISO 31000:2009 as a framework that can integrate various other management processes, including the management of HSE (Health, Safety, and Environment) risk in the hope of that sustainable development can be achieved . But in the reality it can not be denied that the activities that continue to this day still cause negative impact, especially for the environment. International oil and gas companies nowadays place more emphasis on preventive measures than the methods of mitigation. Thus it shows that the concept of sustainable development has not been fully considered in risk management applications. The existence of a continuous negative impact would greatly affect the credibility of oil and gas companies. Based on the results of research conducted with the hybrid method and analyzed with the help of System Dynamics it can be concluded that there are 3 (three) factors that can affect reputation risk, these factors are social, environmental, and economic and the model built in this study shows that it will can help the oil and gas company players to predict and improve the company’s reputation.

Indigenous Peoples in Europe and Their International Protection vis-à-vis the Threat of Climate Change

2017 ◽  
Vol 14 (1) ◽  
pp. 37-65
Author(s):  
Alexandra Tomaselli
Keyword(s):  
Climate Change ◽  
Human Rights ◽  
Indigenous Peoples ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Indigenous Rights ◽  
International Protection ◽  
Climate Change Effects ◽  
Holistic Management ◽  
The Face

Indigenous peoples are among the most vulnerable sectors of society in the face of climate change because they generally have a profound and spiritual relationship with the(ir) land. Paradoxically, they are among those who have maintained and promoted a holistic management of the(ir) land and the environment, and have caused less climate change effects. The Inuit petition against the US at the Inter-American Commission of Human Rights has prompted the debate and an increased international attention on climate change effects and human (and indigenous) rights. However, the nexus between human rights and climate change raises several conceptual issues. Against this background, this article pursues a threefold goal. First, it aims to introduce the international debate, scholarly approaches, and conceptual and analytical questions that have arisen and still arise about the human rights-climate change nexus. Second, it tries to ascertain how the exploitation of non-renewable natural resources, such as fossil fuels (e.g. oil and gas), are contributing to climate change and how (some of) its adverse effects may—directly or indirectly—represent a threat for indigenous peoples and their rights in the Russian Federation and in Northern Europe (Denmark-Greenland, Finland, Norway, and Sweden). Third, it seeks to identify which indigenous international law instruments may offer (some) protection to these indigenous peoples against (few) climate change-related harms.

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