scholarly journals Application of Technology in Mitigating Refined Petroleum Shortages in the Nigerian Downstream Petroleum Supply Industry

2019 ◽  
pp. 1-13
Keyword(s):  
Supply Chain ◽  
Poverty Reduction ◽  
Oil And Gas ◽  
Management Strategies ◽  
Oil And Gas Industry ◽  
Petroleum Products ◽  
Technology Application ◽  
Product Availability ◽  
Tank Farm ◽  
Strategic Role

Nigeria operates a petroleum-based economy but suffers refined product shortages. The continual shortages or scarcity of refined petroleum products cripples business activities, which undermines the development of the Nigerian economy. The purpose of this multiple case study was to identify the strategic role of technology application in mitigating petroleum shortages in the petroleum supply chain and to sustain business development in Nigeria. The research participants include ten senior leaders from two private-sector Nigerian downstream petroleum supply companies located in the Niger Delta region, who had successfully implemented strategies for petroleum supply. The conceptual framework for the research was the resource based view theory. Data collection was through semi structured face-to-face interviews and review of company’s operational and policy documents. Data validation was through member checking and triangulation, after transcription and analysis. The findings indicate that the oil and gas industry is technologically driven, and for efficiency and effectiveness of supply, petroleum leaders should apply required technology in all segment of the supply chain; (operations) vessel or marine, discharge operations, tank farm operations, logistics, and retail outlets, (no operations) administration, sales, safety, IT, finance, and marketing. Findings may be used by petroleum business leaders and investors to create effective and efficient technological resource management strategies in the supply chain, leading to product availability, sustainability, poverty reduction, and economic development.

scholarly journals Efficient Financing, Banking, and Foreign Exchange Operations in Mitigating Refined Petroleum Shortages In Nigerian Downstream Petroleum Supply Industry

2019 ◽  
pp. 1-9
Author(s):  
Dr. Itsekor Lucky Ubini
Keyword(s):  
Supply Chain ◽  
Foreign Exchange ◽  
Poverty Reduction ◽  
Management Strategies ◽  
Petroleum Products ◽  
Study Data ◽  
Letter Of Credit ◽  
Product Availability ◽  
Niger Delta Region ◽  
Strategic Role

Eve ry enterprise in Nigeria depends on refined petroleum product for either transportation, power, or heat source.The recurrent shortages or scarcity of petroleum products in Nigeria cripples business activities, which undermines the development of the economy. The purpose of this multiple case study was to identify the strategic role of finance, banks, and foreign exchange in mitigating petroleum shortages in the petroleum supply chain and to sustain business development in Nigeria. The study participants include ten senior leaders from two private-sector Nigerian downstream petroleum supply companies located in the Niger Delta region, who had successfully implemented strategies for petroleum supply. The resource based view theory served as the conceptual framework for the study. Data were collected through semi structured face-to-face interviews and review of operational and policy documents from the supply or marketing companies. Data were transcribed, analyzed, and validated through member checking and triangulation. The findings indicate that petroleum leaders must engage with efficient banks to obtain loans or letter of credit, liquidate letter of credit on time, obtain foreign exchange at best rates, and avoid documentation hitches and delays on international transactions.Findings may be used by petroleum business leaders and investors to create effective and efficient financial resource management strategies in the supply chain, leading to product availability, sustainability, poverty reduction, and economic development.

scholarly journals A Need for Investment in Nigerian Crude Oil Refining and Infrastructures: A Panacea to Refined Petroleum Shortages and Economic Growth

2020 ◽  
Vol 8 (4) ◽  
pp. 31-46 ◽  
Author(s):  
Lucky Itsekor
Keyword(s):  
Economic Development ◽  
Supply Chain ◽  
Crude Oil ◽  
Poverty Reduction ◽  
Petroleum Products ◽  
Oil Refining ◽  
Investment Strategies ◽  
Product Availability ◽  
Strategic Role ◽  
Petroleum Refineries

Despite the abundance of occurring natural crude oil resources, Nigeria continually suffers shortages of refined petroleum products, which undermines economic development of the country. The purpose of this multicase study was to explore the strategic role of how investment in petroleum refineries and infrastructures can improve supply and hence mitigate shortages or scarcity of refined petroleum products in the petroleum supply chain and enhance economic development in Nigeria. The research participants comprise of ten senior leaders from two private-sector Nigerian downstream petroleum supply companies located in the Niger Delta region, who had effectively implemented strategies for petroleum supply. The conceptual framework for the study was the resource based view theory. Data were collected through semistructured face-to-face interviews and review of operational and policy documents from the supply or marketing petroleum companies. Data were transcribed, analyzed, and validated through member checking and triangulation. The discoveries indicate the need to establish more refineries, privatize the existing moribund refineries, and build more infrastructures in Nigeria. Findings may be used by petroleum leaders and investors to optimize available crude oil natural resources, and to create investment strategies in the petroleum supply chain, leading to product availability, sustainability, poverty reduction, and economic development in Nigeria.  

scholarly journals Blockchain in Oil and Gas Industry: Applications, Challenges, and Future Trends

2021 ◽  
Author(s):  
Raja Wasim Ahmad ◽  
Khaled Salah ◽  
Raja Jayaraman ◽  
Ibrar Yaqoob ◽  
Mohammed Omar
Keyword(s):  
Supply Chain ◽  
Oil And Gas ◽  
Single Point ◽  
Oil And Gas Industry ◽  
Petroleum Products ◽  
Petroleum Exploration ◽  
Future Research ◽  
Data Provenance ◽  
Gas Industry ◽  
Blockchain Technology

Today's systems, approaches, and technologies leveraged for managing oil and gas supply chain operations fall short in providing operational transparency, traceability, audit, security, and trusted data provenance features. Also, a large portion of the existing systems is centralized, manual, and highly disintegrated which make them vulnerable to manipulation and the single point of failure problem. In this survey, we explore the potential opportunities and applications of blockchain technology in managing the exploration, production, and supply chain and logistics operations in the oil and gas industry as it can offer traceability, immutability, transparency, and audit features in a decentralized, trusted, and secure manner. We discuss state-of-the-art blockchain-based schemes, research projects, business initiatives, and case studies to highlight the practicability of blockchain in the oil and gas industry. We present the potential opportunities brought about by blockchain technology in various use cases and application scenarios. We introduce several systems that leverage blockchain-based smart contracts to automate the important services in terms of tracking and tracing of petroleum products, protection of international trade documents, and coordination of purchasing and bidding activities for granting oil exploration rights to petroleum exploration and development companies. Finally, we present open challenges acting as future research directions.

scholarly journals Blockchain in Oil and Gas Industry: Applications, Challenges, and Future Trends

2021 ◽  
Author(s):  
Raja Wasim Ahmad ◽  
Khaled Salah ◽  
Raja Jayaraman ◽  
Ibrar Yaqoob ◽  
Mohammed Omar
Keyword(s):  
Supply Chain ◽  
Oil And Gas ◽  
Single Point ◽  
Oil And Gas Industry ◽  
Petroleum Products ◽  
Petroleum Exploration ◽  
Future Research ◽  
Data Provenance ◽  
Gas Industry ◽  
Blockchain Technology

Today's systems, approaches, and technologies leveraged for managing oil and gas supply chain operations fall short in providing operational transparency, traceability, audit, security, and trusted data provenance features. Also, a large portion of the existing systems is centralized, manual, and highly disintegrated which make them vulnerable to manipulation and the single point of failure problem. In this survey, we explore the potential opportunities and applications of blockchain technology in managing the exploration, production, and supply chain and logistics operations in the oil and gas industry as it can offer traceability, immutability, transparency, and audit features in a decentralized, trusted, and secure manner. We discuss state-of-the-art blockchain-based schemes, research projects, business initiatives, and case studies to highlight the practicability of blockchain in the oil and gas industry. We present the potential opportunities brought about by blockchain technology in various use cases and application scenarios. We introduce several systems that leverage blockchain-based smart contracts to automate the important services in terms of tracking and tracing of petroleum products, protection of international trade documents, and coordination of purchasing and bidding activities for granting oil exploration rights to petroleum exploration and development companies. Finally, we present open challenges acting as future research directions.

Blockchain and 6G-Based Supply Chain Management Framework for Oil and Gas Shipment

2021 ◽  
Author(s):  
Md Abdur Rahman ◽  
Syed M. Belal
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Oil And Gas ◽  
Current System ◽  
Oil And Gas Industry ◽  
Chain Process ◽  
Chain Management ◽  
It Systems ◽  
Supply Chain Management System ◽  
Gas Supply

Abstract Keeping track of the oil and gas supply chain is challenging task as the route and transportation requires sophisticated security environment - both physical systems’ and IT systems’ security. Thanks to the recent advancement in IoT, specialized sensors can keep track of the required supply chain environment. With the help of blockchain, the supply chain data can be immutably saved for further sharing with stakeholders. Due to the introduction of AI as an embedded element within 6G networks, the end-to-end supply chain process can now be automated for safety, security, and efficiency purposes. By leveraging 6G, AI, blockchain, and IoT, the supply chain data during the transportation or at rest can be monitored for any changed environment during the movement of the ship through national or international routes. In this paper, we study the requirements of such intelligent and secure supply chain management system conducive to the oil and gas industry. We also show our proof-of-concept implementation and initial test results. Our obtained results show promising prospect of the current system to be deployed to safeguard the oil and gas supply chain.

scholarly journals An empirical study of oil and gas value chain agility in the UAE

2018 ◽  
Vol 25 (9) ◽  
pp. 3541-3569 ◽  
Author(s):  
Ala Shqairat ◽  
Balan Sundarakani
Keyword(s):  
Supply Chain ◽  
United Arab Emirates ◽  
Value Chain ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Value Chains ◽  
Study Region ◽  
Content Type ◽  
Moderate Effect ◽  
The Impact

Purpose The purpose of this paper is to investigate the agility of oil and gas value chains in the United Arab Emirates (UAE) and to understand the impact of implementing supply disruption (SD) strategies, outsourcing strategies (OS) and management strategies (MS) on oil and gas value chain agility (VCA). The results can support the oil and gas industry across the UAE to build resilience in the value chain. Design/methodology/approach The research design consists of a comprehensive literature review, followed by questionnaire-based survey responses of 106 participants and comprehensive statistical analysis, thus validate the developed theoretical framework and contribute to both practical and methodological approaches. Findings The findings indicate that oil and gas value chain in the UAE has moderate a significant degree of SD, when OS in place that are synchronized with the overall MS. Among the hypotheses developed, two were accepted thus warranting both SD strategies (r=+0.432) and MS (r= +0.457) found to have a positive moderate effect on VCA. The third hypothesis was rejected by revealing OS (r=+0.387) found to have a positive moderate relationship with VCA. Therefore, implementation of all three strategies has a positive moderate effect on the agility of the value chain and, therefore, supports to sustain competitive position. Research limitations/implications Some of the limitations of this research include the geographic coverage of the study region and other methodological limitation. Practical implications The research provides guidance for oil and gas supply chain managers to better understand the critical factors that impact and determine VCA. The paper also describes relevant strategies that should be taken into consideration by these managers in order to build their agile value chains. Social implications The research contributes to the social dimensions of supply chain sustainability of how resilient is the oil and gas value chain during uncertain conditions, so that it can respond to uncertain changes in order to contribute to corporate social responsibility. Originality/value This research is the first of its kind in the UAE region to assess the link between dimensions of agile value chain, OS, SD strategies and MS primarily from the Emirates of Abu Dhabi and Dubai.

scholarly journals Impact of Operational Research on Performance Control of a Project in the Oil and Gas Industry

2020 ◽  
Vol 5 (3) ◽  
pp. 320-326
Author(s):  
Ionut Nica
Keyword(s):  
Oil And Gas ◽  
Raw Materials ◽  
Oil Industry ◽  
Oil And Gas Industry ◽  
Industrial Area ◽  
Petroleum Products ◽  
Successful Implementation ◽  
Human Society ◽  
Current Configuration ◽  
Extraction Refining

The explosive development of the human society in contrast to the limited character of resources determines the need for successful implementation of mathematic models in the decision-making process concerning the use of available resources. The oil industry includes a series of global processes such as mining, extraction, refining, transport (road, rail, ship and pipeline) and oil products. The products of this industry with the highest degree of utilization are gasoline and diesel but the portfolio is much broader, kerosene, bitumen, fuel and raw materials for other chemicals such as solvents, pesticides, fertilizers and materials plastic. The oil industry comprises three major areas: "upstream" extraction; refining - "midstream" and transportation and marketing of downstream products. In most cases refining is considered to be part of downstream, Oil and petroleum products are essential for many industries and their importance is vital in maintaining and developing the industrial area in the current configuration.

PLANNING OF SALES AND OPERATIONS (S&OP) AS A TOOL FOR OPTIMIZING THE PROCESS OF MATERIAL AND TECHNICAL SUPPORT OF THE OIL AND GAS COMPLEX

2021 ◽  
Vol 2 (1) ◽  
pp. 11-16
Author(s):  
Milena Vladimirovna Zagrebelskaya ◽  
Keyword(s):  
Supply Chain ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Technical Support ◽  
Integrated Planning ◽  
Gas Industry ◽  
Operations Planning ◽  
Information Logistics ◽  
Modern Information ◽  
Oil And Gas Enterprises

The article providesthe main problems of oil and gas enterprises in the supply chains in the loop of procurement based onexample of Uzbekneftegaz. The possibilities of modern information logistics technologies in solving the above problems are reflected. The author's model of integratedplanning based on the logistics technology Sales & Operations Planning, taking into account the peculiarities of the oil and gas industry, is proposed for implementation at oil and gas enterprises in order to improve the efficiency of the planning and implementation of business processes.Key Words:logistics, supply chain, sales and operations planning, S&OP, oil and gas complex, integrated planning

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