scholarly journals Toward a Sustainable Decommissioning of Offshore Platforms in the Oil and Gas Industry: A PESTLE Analysis

2021 ◽  
Vol 13 (11) ◽  
pp. 6266
Author(s):  
Nunzia Capobianco ◽  
Vincenzo Basile ◽  
Francesca Loia ◽  
Roberto Vona
Keyword(s):  
Environmental Sustainability ◽  
Business Models ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Future Research ◽  
Offshore Platforms ◽  
Sustainable Business ◽  
Gas Industry ◽  
Sustainable Solutions ◽  
Sustainable Business Models

The growing complexity of environmental challenges has progressively led to the emergence of Sustainable Business Models (SBMs) able to embed economic, environmental, and social flows in a unified value network. All sectors are demanding innovative and sustainable solutions, including the oil and gas industry, which aims to address the issues about the decommissioning of offshore platforms. However, although the relevant literature highlighted the potentialities related to a multi-reuse of these structures, the effect of Sustainable Decommissioning (SD) on macro-environmental factors is still an open question. Based on these considerations, this study follows a Political, Economic, Social, Technological, Legal, and Environmental (PESTLE) analysis according to semi-structured interviews conducted with oil and gas key informants and stakeholders in the Italian context. The results of the analysis can provide a novel thinking for addressing the challenges related to a sustainable decommissioning of offshore platforms and shed light on the importance of synergistic efforts by local entrepreneurship and institutional arrangements to combine economic and environmental sustainability with social needs. This paper can contribute to the emerging field of sustainable business models related to the decommissioning of offshore platforms and suggests avenues 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.

Technology Focus: Decarbonization (July 2021)

2021 ◽  
Vol 73 (07) ◽  
pp. 64-64
Author(s):  
Nigel Jenvey
Keyword(s):  
Business Models ◽  
Oil And Gas ◽  
Natural Capital ◽  
Ghg Emissions ◽  
Oil And Gas Industry ◽  
Policy Support ◽  
Continuous Change ◽  
Gas Industry ◽  
The Past ◽  
Technology Focus

Have you noticed the change in the oil and gas industry over the past year with its engagement in carbon management, decarbonization, and net-zero-emissions targets? Policy support and technology advances in alternative energies have delivered massive cost reduction in renewables more quickly, and to a greater degree, than expected. Over the past few years, more of the world’s capital has been spent on electricity than oil and gas sup-ply, and more than half of all new energy-generation capacity is now renewable. Some elements of society, therefore, have suggested that this is the beginning of the end for the fossil-fuel sector and call for investors to turn away from oil and gas and “leave it in the ground.” In more than a century of almost continuous change, however, the oil and gas industry has a long track record of innovative thinking, creative solutions, and different business models. SPE papers and events that covered decarbonization during the past year show that a wide variety of solutions already exist that avoid, reduce, replace, offset, or sequester greenhouse gas (GHG) emissions. It is clear, therefore, that decarbonization technologies will now be as important as 4D seismic, horizontal wells, and hydraulic fracturing. That is why we now bring you this inaugural Technology Focus feature dedicated to decarbonization. The experience and capability of the entire JPT community in decarbonization is critical. Please enjoy the following summary of three selected papers on the role of natural gas in fuel-switching; carbon capture, use, and storage (CCUS); and hydrogen technologies that deliver the dual challenge of providing more energy with less GHG emission. There are many ways to engage in the SPE decarbonization efforts in the remainder of 2021. Regional events have addressed CCUS, hydrogen, geothermal, and methane. There is also the new SPE Gaia sustainability program to enable and empower all members who wish to engage in the alignment of the future of energy with sustainable development. The Gaia program has an on-demand library of materials, including an existing series on methane, and upcoming similar events on other energy transition, natural capital and regeneration, and social responsibility priorities. Get involved through your SPE section or chapter or contact your regional Gaia liaison to find out what Gaia programming you can support or lead at www.spe.org/en/gaia.

scholarly journals Characterization of fatal injuries in oil and gas industry-related helicopter accidents in the Gulf of Mexico, 2004–2014

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Kristin Yeoman ◽  
Mary B. O’Connor ◽  
Sara Sochor ◽  
Gerald Poplin
Keyword(s):  
Lower Extremity ◽  
Gulf Of Mexico ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Body Region ◽  
Future Research ◽  
Gas Industry ◽  
Body Regions ◽  
Safety Features

Abstract Background Transportation events are the most common cause of offshore fatalities in the oil and gas industry, of which helicopter accidents comprise the majority. Little is known about injury distributions in civilian helicopter crashes, and knowledge of injury distributions could focus research and recommendations for enhanced injury prevention and post-crash survival. This study describes the distribution of injuries among fatalities in Gulf of Mexico oil and gas industry-related helicopter accidents, provides a detailed injury classification to identify potential areas of enhanced safety design, and describes relevant safety features for mitigation of common injuries. Methods Decedents of accidents during 2004–2014 were identified, and autopsy reports were requested from responsible jurisdictions. Documented injuries were coded using the Abbreviated Injury Scale (AIS), and frequency and proportion of injuries by AIS body region and severity were calculated. Injuries were categorized into detailed body regions to target areas for prevention. Results A total of 35 autopsies were coded, with 568 injuries documented. Of these, 23.4% were lower extremity, 22.0% were thorax, 13.6% were upper extremity, and 13.4% were face injuries. Minor injuries were most prevalent in the face, neck, upper and lower extremities, and abdomen. Serious or worse injuries were most prevalent in the thorax (53.6%), spine (50.0%), head (41.7%), and external/other regions (75.0%). The most frequent injuries by detailed body regions were thoracic organ (23.0%), thoracic skeletal (13.3%), abdominal organ (9.6%), and leg injuries (7.4%). Drowning occurred in 13 (37.1%) of victims, and drowning victims had a higher proportion of moderate brain injuries (7.8%) and lower number of documented injuries (3.8) compared with non-drowning victims (2.9 and 9.4%, respectively). Conclusions Knowledge of injury distributions focuses and prioritizes the need for additional safety features not routinely used in helicopters. The most frequent injuries occurred in the thorax and lower extremity regions. Future research requires improved and expanded data, including collection of detailed data to allow characterization of both injury mechanism and distribution. Improved safety systems including airbags and helmets should be implemented and evaluated for their impact on injuries and fatalities.

scholarly journals A Common Risk Classification Concept for Safety Related Gas Leaks and Fugitive Emissions?

Energies ◽  
2019 ◽  
Vol 12 (21) ◽  
pp. 4063 ◽  
Author(s):  
Log ◽  
Pedersen
Keyword(s):  
Oil And Gas ◽  
Cost Benefit ◽  
Oil And Gas Industry ◽  
Leak Rate ◽  
Future Research ◽  
Fugitive Emissions ◽  
Gas Industry ◽  
Cost Benefit Ratio ◽  
Gas Leaks ◽  
Categorization Model

Gas leaks in the oil and gas industry represent a safety risk as they, if ignited, may result in severe fires and/or explosions. Unignited, they have environmental impacts. This is particularly the case for methane leaks due to a significant Global Warming Potential (GWP). Since gas leak rates may span several orders of magnitude, that is, from leaks associated with potential major accidents to fugitive emissions on the order of 10−6 kg/s, it has been difficult to organize the leaks in an all-inclusive leak categorization model. The motivation for the present study was to develop a simple logarithmic table based on an existing consequence matrix for safety related incidents extended to include non-safety related fugitive emissions. An evaluation sheet was also developed as a guide for immediate risk evaluations when new leaks are identified. The leak rate table and evaluation guide were tested in the field at five land-based oil and gas facilities during Optical Gas Inspection (OGI) campaigns. It is demonstrated how the suggested concept can be used for presenting and analysing detected leaks to assist in Leak Detection and Repair (LDAR) programs. The novel categorization table was proven valuable in prioritizing repair of “super-emitter” components rather than the numerous minor fugitive emissions detected by OGI cameras, which contribute little to the accumulated emissions. The study was limited to five land based oil and gas facilities in Norway. However, as the results regarding leak rate distribution and “super-emitter” contributions mirror studies from other regions, the methodology should be generally applicable. To emphasize environmental impact, it is suggested to include leaking gas GWP in future research on the categorization model, that is, not base prioritization solely on leak rates. Research on OGI campaign frequency is recommended since frequent coarse campaigns may give an improved cost benefit ratio.

The face of energy

2019 ◽  
Vol 59 (3) ◽  
Author(s):  
Peter Bennett
Keyword(s):  
Environmental Sustainability ◽  
Public Perception ◽  
Oil And Gas ◽  
Political Influence ◽  
Oil And Gas Industry ◽  
Problem Solver ◽  
Gas Industry ◽  
The Public ◽  
The Face ◽  
The Right

In this era of technological disruption, when many industries are fighting to stay relevant, the oil and gas industry seems to be stagnant. It is in this environment where public perception of the modern industry is becoming more critical and as younger consumers grow in both number and political influence, their viewpoints will become especially vital to the continued relevance of the industry. The oil and gas industry gives itself high marks for innovation, safety and environmental sustainability, and yet the public opinion in these areas is often portrayed very negatively. We have an image problem. The belief that oil and gas is good for society seems to decline with each younger generation. The public believes the industry is necessary for society, though they still see it as a problem causer, not a problem solver. But support for the industry falls with each generation and millennials are more likely to believe the industry is bad for society and a problem causer. The oil and gas industry needs to communicate and engage with consumers to identify ways to better understand their motivations and concerns. Clearly there is a gap in how the public and executives view the industry and the time to address these perceptions is now. To view the video, click the link on the right.

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.

scholarly journals International Oil Companies Sustainability after Oil Price decline

2017 ◽  
Vol 11 (1) ◽  
pp. 157-167
Author(s):  
Adrian D. Tantau ◽  
Mohammadreza Khorshidi ◽  
Ali Asghar Sadeghi Mojarad
Keyword(s):  
Business Models ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Green Energy ◽  
Gas Industry ◽  
Oil Companies ◽  
Market Situation ◽  
Important Challenge ◽  
Gas Price ◽  
Sustainability Report

Abstract International Oil Companies (IOC’s) had been playing a major role in oil industry at the beginning of 20th century. They had many volatility during last century and faced with many obstacles which forced them to change their business models and improve their outcome to satisfy their shareholders. One of the most important challenges was oil nationalization in oil producer countries which were happened by establishment of NOCs. Later green energy issue which came from CO2 emission problem happened and recently, oil and gas price diminish challenges, involve all IOCs with the most important challenge in last century after all. Among all those events, one of the most important key values which have been observed by IPIECA, API and IOGP associations every year is Sustainability. The objectives of the research are study all issues and indicators of sustainability in IOCs. Each indicator has faced with different strategy via IOCs in different market situation. The importance of this key value cause that it is observed by some important association like IPIECA, API and IOGP each year. As the scarcity of related references for business model in oil and gas industry, literature review of some resources and annual sustainability report followed by a questionnaire as a survey are also selected methods for recent major challenges to achieve required result.

scholarly journals Sustainability-Oriented Business Model Evaluation—A Literature Review

2021 ◽  
Vol 13 (19) ◽  
pp. 10908
Author(s):  
Anika Süß ◽  
Kristina Höse ◽  
Uwe Götze
Keyword(s):  
Literature Review ◽  
Business Model ◽  
Model Evaluation ◽  
Business Models ◽  
Model Development ◽  
Indicator System ◽  
Future Research ◽  
Sustainable Business ◽  
Simulation Based ◽  
Sustainable Business Models

Since the need of sustainable development is indisputable, companies are forced to strive for resources, processes, and products that are sustainable. Thus, their business models as the main representation of their activities should be designed in an ecologically, economically, and socially beneficial way. However, designing and developing sustainable business models is closely linked to their evaluation. Sustainable business model evaluation as a vital part of business model development has been addressed in literature in the past with increasing frequency. As a consequence, the plethora of different approaches of sustainability-oriented business model evaluation calls for a systematic literature review. Thus, in this study, we reviewed existing articles on sustainability-oriented business model evaluation and identified four main categories of evaluation methods: single indicators (I), indicator system/framework (II), simulation-based evaluation (III), and multi criteria decision-making (IV). By analyzing and structuring the proposed approaches, their benefits and limitations are revealed, pointing out gaps and future research needs for successfully designing and evaluating business models today and in the future.

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