scholarly journals International Procurement and Supply Network Management in the Post COVID 19 Era in Nigeria: A Literature Review

2021 ◽  
Vol 6 (2) ◽  
pp. 17-25
Author(s):  
Oluwarotimi Akintokunbo ◽  
Biebele Arimie
Keyword(s):  
Literature Review ◽  
Network Management ◽  
Global Economy ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Supply Network ◽  
Final Destination ◽  
Goods And Services ◽  
Complex Relationships ◽  
Information Materials

    Introduction: The global economy has been greatly affected by the outbreak of the COVID-19 pandemic and its impact on the oil and gas industry is also being felt immensely as the industry relies heavily on the importation of the goods and services that they require to run their operations effectively and efficiently and the only way to get to the final destination of these company is through a well-managed supply network. Purpose: The purpose of this study was to examine international procurement and supply network management in the post COVID 19 Era in Nigeria. Being a literature review, the paper adopted a desk research methodology. Findings: The findings of the review of literature reveal that international procurement significantly influence and predicts supply network management performance. It also shows that COVID-19 has negatively affected both international procurement and supply network management, and that the phrase supply network management, instead of supply chain management, is most appropriate to describe the activities and relationships between and amongst individuals, enterprises, facilities and information, materials and services systems that connects supplier’s suppliers to customer’s customers capturing the multiple and complex relationships that exists amongst them.

scholarly journals A Literature Review of Hybrid System Dynamics and Agent-Based Modeling in a Produced Water Management Context

Modelling ◽  
2021 ◽  
Vol 2 (2) ◽  
pp. 224-239
Author(s):  
Saeed P. Langarudi ◽  
Robert P. Sabie ◽  
Babak Bahaddin ◽  
Alexander G. Fernald
Keyword(s):  
Water Management ◽  
New Mexico ◽  
Literature Review ◽  
System Dynamics ◽  
Oil And Gas ◽  
Produced Water ◽  
Hybrid Approach ◽  
Oil And Gas Industry ◽  
Hybrid Modeling ◽  
Agent Based

This paper explores the possibility and plausibility of developing a hybrid simulation method combining agent-based (AB) and system dynamics (SD) modeling to address the case study of produced water management (PWM). In southeastern New Mexico, the oil and gas industry generates large volumes of produced water, while at the same time, freshwater resources are scarce. Single-method models are unable to capture the dynamic impacts of PWM on the water budget at both the local and regional levels, hence the need for a more complex hybrid approach. We used the literature, information characterizing produced water in New Mexico, and our preliminary interviews with subject matter experts to develop this framework. We then conducted a systematic literature review to summarize state-of-the-art of hybrid modeling methodologies and techniques. Our research revealed that there is a small but growing volume of hybrid modeling research that could provide some foundational support for modelers interested in hybrid modeling approaches for complex natural resource management issues. We categorized these efforts into four classes based on their approaches to hybrid modeling. It appears that, among these classes, PWM requires the most sophisticated approach, indicating that PWM modelers will need to face serious challenges and break new ground in this realm.

Energy and Environment

2020 ◽  
pp. 185-206
Author(s):  
Kenneth P. Miller
Keyword(s):  
Renewable Energy ◽  
Global Economy ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Renewable Energy Sources ◽  
Oil And Gas Industry ◽  
Environmental Policies ◽  
Federal Law ◽  
Gas Industry ◽  
Energy And Environment

This chapter examines the deep Texas-California divide over energy and environmental policies. The modern Texas economy was built on energy, and the state remains the nation’s leading producer. The state’s development of fracking has revolutionized the oil and gas industry and has helped the nation break its dependence on foreign oil. Texas has also increased its production of renewable energy, but believes the global economy will rely for the foreseeable future on fossil fuels and resists restrictions on these resources. California, by contrast, has become a global leader in the fight against climate change. It has aggressively regulated carbon emissions and mandated a massive switch to renewable energy sources. California is the only state that can impose emissions regulations more strict than federal standards. As power has shifted in Washington, California has alternated between translating its environmental policies into federal law and defending its policies from federal challenge.

2010 PESA industry review–exploration

2011 ◽  
Vol 51 (1) ◽  
pp. 147
Author(s):  
Ciaran Lavin ◽  
Terry Walker ◽  
Yvette Knowles
Keyword(s):  
Global Economy ◽  
Oil And Gas ◽  
Commodity Prices ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Seismic Surveys ◽  
Extensive Coverage ◽  
Primary Driver ◽  
Exploration Drilling ◽  
Northwest Australia

An uncertain global economy, offset by strong commodity prices, provided the backdrop to a subdued yet solid level of exploration activity in 2010. The major loci of activity in the Australian oil and gas industry were the Exmouth Plateau, where exploration for conventional gas in support of LNG projects was the primary driver, and the Bowen/Surat Basin, where coal seam gas (CSG) for LNG was the main target. Onshore permit awards dominated new licensing in 2010, with 31 exploration permits awarded over an area of 190,000 km2. The majority of these permits are focused on unconventional gas exploration. Conversely only 14 exploration permits (30,000 km) were awarded offshore, all in northwest Australia. This historically low level can be related to an already extensive coverage of existing permits in the offshore petroleum provinces and delays in the announcement of acreage awards from the 2009(II) acreage release. Twenty-nine 2D seismic surveys were started in 2010, with three still active at the end of the year. Once completed, the 2010 surveys will total nearly 37,000 km of data, with 76% offshore. Twenty-one 3D seismic surveys commenced in 2010, with six still active at year end. The 2010 surveys will ultimately comprise approximately 29,000 km2 of data, with 95% offshore. Northwest Australia dominated seismic activities. Exploration drilling for conventional hydrocarbon resources was relatively subdued in 2010, with 63 wells spudded, compared to 92 wells in 2008 and 74 in 2009. Of the 49 wildcat wells where results are known, 51% reported hydrocarbon discoveries. This was a little less than the 57% in 2009 and up on the 39% in 2008. The discoveries were distributed across most of the traditional petroleum provinces. High levels of CSG drilling continued in 2010, exceeding 2008 activity but less than that of 2009. At least 648 CSG wells were spudded in 2010, mostly in the new heartland plays of the Bowen/Surat, Gunnedah and Clarence-Moreton basins. This compares with more than 600 CSG wells drilled in 2008 and more than 900 in 2009. The first dedicated Australian shale gas exploration drilling took place in 2010. Emerging shale plays in the Cooper and Perth basins were tested.

Tax issues impacting acquisitions in the Australian oil and gas industry

2011 ◽  
Vol 51 (2) ◽  
pp. 669
Author(s):  
Chad Dixon
Keyword(s):  
Income Tax ◽  
Oil And Gas ◽  
Investment Decision ◽  
Oil And Gas Industry ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Gas Industry ◽  
Resource Rent ◽  
Goods And Services ◽  
Petroleum Resource

Understanding the tax implications and structuring options of a transaction is critical when assessing and comparing new opportunities. When undertaking any transaction involving Australian oil and gas assets, the applicable taxation regime should be carefully explored and understood. From an Australian perspective, taxes such as corporate income tax, petroleum resource rent tax, capital gains tax, and goods and services tax have significant potential to influence the investment decision. This presentation will focus on the tax implications applicable to the acquisition and disposal of Australian oil and gas assets, providing valuable insights for both Australian companies and inbound investors.

Survive, Revive, Thrive: Chapter 5: Steering by the Stars

2021 ◽  
Vol 73 (02) ◽  
pp. 8-9
Author(s):  
Tom Blasingame
Keyword(s):  
Global Economy ◽  
Oil And Gas ◽  
Essential Element ◽  
Career Mobility ◽  
Oil And Gas Industry ◽  
Energy Component ◽  
Gas Industry ◽  
Young Professionals ◽  
Talented People ◽  
Lower Carbon

The purpose of life is to discover your gift. The work of life is to develop it. The meaning of life is to give your gift away. - David S. Viscott, American psychiatrist Steering by the Stars History is a guide to navigation in perilous times. History is who we are and why we are the way we are. - David McCullough, American historian I recently read a “thought piece” in a major magazine that was a fictional account of how a new CEO would address his or her company’s employees while simultaneously restructuring the company’s units to deal with the pandemic. The fictitious CEO focused on prioritizing two things: treating the employees with respect while rewarding their loyalty and contributions and taking the necessary actions to maintain and improve engagement and sales for the company’s customers. This story is a reminder of the effect the pandemic has on businesses - all businesses. When the need to hire, utilize, and retain the very best talent is absolutely essential, do talented people really need to be micromanaged and endlessly evaluated? Or should we have the confidence to let them do their jobs? As I have mentioned in past columns, we (the big we - the oil and gas industry) will emerge leaner and a lot meaner when this storm finally passes. Employment, promotions, career mobility, and access to capital will become much more competitive. Our next generation, the students, need to understand and accept this. Young professionals need to realize that being a best-in-class performer may not be an option, and yes, layers of management will disappear as we rely on people to self-motivate and self-optimize their performance. We must also focus on what our customers want, namely energy security, diversity of access to energy, a lower-carbon future, and assurances that we are “walking the walk” on ESG issues. ESG stands for environmental, social, and corporate governance, in case you forgot. Each of these is both desirable and achievable - and need I restate that this is what our customers want? So how do we “steer by the stars?” Start with the obvious: If you can’t see the stars, you may want to wait until you do. Most importantly, this method works - crudely perhaps, and certainly not with the precision or reliability of GPS, but we aren’t trying to thread a needle. We are trying to ensure the significance of our industry and the livelihoods of our people. Understanding how to get where we need to be is the most essential element to getting there. We have the talent, technology, and infrastructure to provide a vital energy component. We need to make sure that we are “steering” toward our customers and toward a future where we continue to make a significant social and economic impact on the global economy.

Blockchains – achieving consensus in oil and gas business processes

2021 ◽  
Vol 61 (2) ◽  
pp. 522
Author(s):  
Scott Waller
Keyword(s):  
Enterprise Resource Planning ◽  
Business Processes ◽  
Oil And Gas ◽  
Resource Planning ◽  
Oil And Gas Industry ◽  
Great Opportunity ◽  
Goods And Services ◽  
Blockchain Technology ◽  
Social License ◽  
Trusted Data

As the oil and gas industry comes under increasing pressure from government, activist groups and society on carbon offsetting, a trend that is building is the disclosure of consistent, comparable and reliable data. As companies develop their abatement plans, it is critical that the accounting and reporting of activities are made transparent or companies risk not achieving the social license to operate they are aiming to build. This proposal will discuss the opportunity for operators to use blockchain to digitise the information and processes that operate between unincorporated joint ventures, companies and third parties they deal with – customers, suppliers, government and society. At its heart, blockchain is a distributed ledger that offers the potential to make processes between companies more efficient through standardised processes and trusted data; in the same way companies have implemented internal Enterprise Resource Planning systems to achieve this goal within their own entities. The current landscape of systems and processes has been set up to optimise internally, but when processes cross company boundaries, they execute via email and analogue processes. Gartner predicts that by 2030 $3.1 trillion of goods and services will be tracked by blockchain technology. This is a technology that will revolutionise supply chains and company-to-company interactions. The energy sector has embraced contractors and suppliers who support engineering, operations, maintenance, services and supply of parts. Blockchain is therefore a technology that offers great opportunity in optimising in-bound supply chain and increasingly will be required to communicate on their outbound product with more transparent and trusted data enabled by blockchain technology.

Theoretical review on critical risk factors in oil and gas construction projects in Yemen

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mukhtar A Kassem ◽  
Muhamad Azry Khoiry ◽  
Noraini Hamzah
Keyword(s):  
Risk Factors ◽  
Risk Factor ◽  
Literature Review ◽  
Construction Projects ◽  
Oil And Gas ◽  
Project Success ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Content Type ◽  
Oil And Gas Sector

PurposeThe oil and gas construction projects are affected negatively by the drop in oil price in recent years. Thus, most engineering, procurement and construction (EPC) companies are opting to optimize the project mainly to mitigate the source of risks in construction to achieve the project expectation. Risk factors cause a threat to the project objectives regarding time, cost and quality. It is additionally a vital component in deviating from the client's expectation of productivity, safety and standards. This research aims to investigate the causes of risk in the oil and gas construction projects in Yemen.Design/methodology/approachA comprehensive literature review from various sources including books, conference proceedings, the Internet project management journals and oil and gas industry journals was conducted to achieve the objectives of this study. This initial work was predicated strictly on a literature review and the judgments of experts to develop the risk factor framework for the oil and gas construction projects in Yemen.FindingsThe authors found a few studies related to risk factors in oil and gas construction projects and shared a similar view about general construction projects. However, only a fraction of the factors accepted have included the variances of other studies on a regional basis or specific countries, such as the Yemen situation, due to the differences between the general construction industry and oil and gas industry. Moreover, the factors of these attributes were still accepted due to their applicability to the oil and gas industry, and no significant variances existed between countries. Research has indicated that 51 critical factors cause risks in the oil and gas construction projects in Yemen. Such risk factors can be divided into two major groups: (1) internal risk factors, including seven critical sources of risks, namely client, contractor, consultant, feasibility study and design, tendering and contract, resources and material supply and project management; and (2) external risk factors, including six sources of critical risk factors, namely national economic, political risk, local people, environment and safety, security risk and force-majeure-related risk factors. A risk factor framework was developed to identify the critical risk factors in the oil and gas construction projects in Yemen.Research limitations/implicationsThis research was limited to the oil and gas construction projects.Practical implicationsPractically, this study highlights the risk factors that cause a negative effect on the success of oil and gas construction projects in Yemen. The identification of these factors is the first step in the risk management process to develop strategic responses for risks and enhance the chances of project success.Social implicationsThe identification of risks factors that cause the failure of construction projects helps develop response strategies for these risks, thereby increasing the chances of project success reflected in the oil and gas sector, which is a main tributary of the national economy in developing countries.Originality/valueThis research is the pioneer for future investigations into this vital economic sector. Given the lack of resources and studies in the field of construction projects for the Yemeni oil and gas sector, the Yemeni government, oil companies and researchers in this field are expected to benefit from the results of this study. The critical risk factors specific to the oil and gas construction projects in Yemen should be further investigated with focus only on Yemen and its oil and gas industry players.

scholarly journals Sustainability Reporting in the Upstream Oil and Gas Industry Between Awards and Violations: A Systematic Literature Review, Evidence From Indonesia

2021 ◽  
Author(s):  
Febrian Kwarto ◽  
Nunuy Nurafiah ◽  
Harry Suharman ◽  
Muhammad Dahlan
Keyword(s):  
Literature Review ◽  
Critical Discourse Analysis ◽  
Systematic Literature Review ◽  
Oil And Gas ◽  
Positive Impact ◽  
Sustainability Reporting ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Social Challenges ◽  
The Republic

sustainability reporting, critical paradigm, upstream oil, and gasThe operating activities of the upstream oil and gas industry directly impact the environment. This industry faces significant social challenges and directly impacts the environment. Many Reputable international sustainability institutions organize sustainability awards. However, community conditions do not have a positive impact on sustainability practices. There are vari-ous serious violations related to sustainability, environmental pollution, multiple cases of cor-ruption, human rights, and other violations. In contrast, the companies receiving this award also received inspection findings of violations committed by The Audit Board of the Republic of In-donesia. This study uses critical discourse analysis that begins with phenomena related to viola-tions of sustainability reporting from scientific journals and other references using a systematic literature review approach over the last ten years. It produces a critical paradigm that is not val-ue-free, which is the basis for framing thought utilizing the theory of hegemony. The results of this study indicate that the upstream oil and gas industries are obliged to implement Corporate Social Responsibility (CSR) practices and Sustainability Reports (SR), has biased factors that are contrary to the sustainability concept and are not under the sustainability award based on evi-dence obtained from the stages of manuscript analysis with systematic literature review

scholarly journals E-PROCUREMENT SYSTEM PENGADAAN BARANG DAN JASA PADA PT. TRAKINDO UTAMA SURABAYA

2019 ◽  
Vol 4 (1) ◽  
Author(s):  
A.A Gde Satia Utama ◽  
Arief Eko Prabiyanto
Keyword(s):  
Power Systems ◽  
Oil And Gas ◽  
Mining Industry ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Goods And Services ◽  
Heavy Equipment ◽  
Efficiency And Effectiveness ◽  
The Right ◽  
Procurement System

The aim of this study proposes new system for PT Trakindo as an official agent company (dealer) in Indonesia for Caterpillar products. The company’s operations are the world's largest heavy equipment manufacturer which includes mining industry, oil and gas industry, construction, forestry, agriculture, and power systems. The problem is Procurement of goods and services performed by PT Trakindo Utama currently undergoing a lot of obstacles such as significant cost in finding the right suppliers, bad integration with suppliers, dependence on suppliers, the bill submitted by the supplier can not timely because the billing document incomplete, the use of media such as telephone and so on which may cause considerable cost. The contribution of this research are developing the procurement system design, and web-based services are expected to help anticipate and resolve these problems. This research was conducted using qualitative and case study method, which has the characteristics of exploratory. The results achieved are expected to improve the efficiency and effectiveness of the procurement process at PT Trakindo Utama.

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