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Colman, J. G., A. Grubisa, and R. S. Millhouse. "MANAGEMENT OF ENVIRONMENTAL AND STAKEHOLDER ISSUES FOR OFFSHORE EXPLORATION ACTIVITIES IN THE OTWAY BASIN." APPEA Journal 42, no. 1 (2002): 697. http://dx.doi.org/10.1071/aj01046.
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Woodside has been managing seismic acquisition and drilling operations as part of a gas exploration program in the offshore Otway Basin in southwest Victoria since July 1999. There are a number of sensitive and complex environmental and multiple-use issues facing companies undertaking exploration activities in these waters, including a seasonal aggregation of feeding blue whales, winter calving and breeding habitat for southern right whales and a productive rock lobster fishery. Recent changes to the legislative regime for environmental approvals of petroleum activities in Commonwealth waters has introduced further complications for operators in this area. Consequently, a key aspect of this exploration program has been the pro-active management of environmental and stakeholder issues.A comprehensive management strategy addressing these issues was developed for seismic acquisition and drilling operations, with the key objectives of ensuring regulatory compliance and facilitating a process where all stakeholders were fully informed about proposed activities. This process focussed on informing stakeholders of the potential impacts of seismic acquisition and drilling, and how Woodside intended to manage those impacts. This approach was driven by a desire for continuous improvement of performance, over and above compliance with all regulatory requirements. It also recognises the legitimacy of stakeholder risk through social, environmental and political values, and has had environmental and economic benefits for the project.Environmental benefits included early identification and assessment of potential environmental impacts resulting from the different phases of exploration, development of management strategies to control and mitigate these potential impacts, and improved environmental awareness across the project team, joint venture partners and external stakeholders. Prevention of delay or denial of regulatory approvals for exploration activities had significant economic benefits to Woodside and the joint venture partners. The development and implementation of a stakeholder involvement process, involving explorers, external affairs and environmental advisers, was an innovative approach that has application across other Woodside activities and the industry generally, particularly for projects in locations with a high level of environmental sensitivity, multiple-use and stakeholder concern.
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Petrov, A. V. "NATURE ECONOMIC ASPECTS OF DEVELOPMENT OF GAS INDUSTRY IN MODERN CONDITIONS." Economy and ecology of territorial educations, no. 3 (2017): 25–30. http://dx.doi.org/10.23947/2413-1474-2017-3-25-30.
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Shaallan, Dr Hisham Yas. "Economic Feasibility Study for Petroleum Projects (Practical Aspects)." Journal of Petroleum Research and Studies 3, no. 1 (May 6, 2021): 26–47. http://dx.doi.org/10.52716/jprs.v3i1.62.
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An increasing importance is given to the Economic Feasibility Study of Petroleum Projects. The reason behind that is the critical role played by the Petroleum Industry in Society, Economy and Foreign Trade. In general, Petroleum Industry is involved with the Exploitation of Oil and Gas Resources to satisfy the country's needs (households and industrial sectors) and to export these resources, in order to, gain foreign currencies which are necessary for
funding the country's social and economic requirements. Petroleum Projects have diversity features in terms of location, size, capital, technology and risks. On the Other hand, because of the importance of the Petroleum Industry, high significance should be given to the Economic Feasibility Study, especially the necessary of good knowledge of the nature of Petroleum Activities, Projects and Contracts, as well as the fundamentals of Advanced Feasibility Study.
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Pustějovská, Pavlína, Vojtěch Byrtus, Simona Jursová, and Edyta Kardas. "Ecological and Economic Benefits and Safety of the Use of Coal Gas in Industry." System Safety: Human - Technical Facility - Environment 1, no. 1 (March 1, 2019): 378–83. http://dx.doi.org/10.2478/czoto-2019-0048.
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AbstractPossibilities Of Use Of Degassing And Carbon Gas In Industry. Degassing Gas Represents A Waste During Coal Mining So Far And This Issue Is Not Effectively Solved In Ostrava Region Up Till Now Ecological Aspects, Safety, Economic Aspects. Coal Deposits Represent A Special Case In Which The Deposit Is Both A Source Of Coal And Reservoir Of Gas. For The Thing Is That, In The Process Of Coalification Of Plant Residue, Coal Bed Gas Came Into Being Of Which The Main Component Is Methane. Gas From Mining Degassing Can Be Used As A Substitute Fuel For The Blowing Of Blast Furnaces. This Would Not Only Make It Possible To Reduce The Specific Consumption Of Coke, But Also Contribute To A Better Blast Furnace. An Economic Effect Is Also Negligible If We Characterize Degassing Gas As Waste Gas.
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Weeks, Brian. "New Jersey Oil and Gas Update." Texas Wesleyan Law Review 19, no. 2 (March 2013): 441–73. http://dx.doi.org/10.37419/twlr.v19.i2.20.
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This Article discusses the proposed rules, focusing on provisions that may be the most important to NJ. It describes the geographic and cultural significance of the Delaware River Basin; relevant aspects of the natural gas development industry, including the practice of hydraulic fracturing ("hydrofracturing" or "fracking"); economic and environmental issues related to this industry; the DRBC and its regulatory scheme; the environmental concerns that the draft DRBC regulations are intended to address; and potential issues that the DRBC rules will not address at this time.
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Chernyaev, Maxim V., and Aleksandra A. Boiko. "Economic efficiency of gas industry investment projects in Russia on the example of export gas pipelines." RUDN Journal of Economics 30, no. 4 (December 15, 2022): 587–601. http://dx.doi.org/10.22363/2313-2329-2022-30-4-587-601.
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The efficiency of domestic and export supplies of natural gas largely determines the sustainable development of the Russian economy and national security. At present, in the context of sanction restrictions and increasing uncertainty in the global energy market, the theoretical and practical aspects of the economic efficiency of investment projects in the gas industry are of fundamental importance and require further development. The article discusses the theoretical foundations of the category “economic efficiency” and methodological approaches to its assessment on the example of investment projects in the gas industry. A comparative analysis of the standard methodology for determining economic efficiency of capital investments and the methodological recommendations for evaluating the effectiveness of investment projects in the planned and market economics has been performed based on the criteria specified by the authors. A review of published studies on methods for assessing economic efficiency of investment projects in the oil and gas sector has been performed. It is concluded that to assess the efficiency of investments is proposed to use the discounted cash flow method as the main approach, as well as the alternative methods in the papers of Russian authors. Two large-scale projects of the Russian gas industry have been considered, a review of published studies on the efficiency assessment has been performed with emphasis on the external effects due to implementation of the projects under consideration. According to the study results, the uniqueness of the implementation conditions of each gas transportation project, fundamental importance of the influence of non-economic factors on the project implementation and the need to develop assessment methods for the economic efficiency of investment projects were noted with due regard to the uncertainty and risk impact.
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Faizullina, Svetlana, Ainur Isaeva, Lailya Matkarimova, and Aigul Zhuzbaeva. "Aspects of sustainable development of industry in Kazakhstan." E3S Web of Conferences 135 (2019): 04043. http://dx.doi.org/10.1051/e3sconf/201913504043.
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This article discusses the economic benefits of uranium mining, as well as its environmental and health impacts. Sustainable development includes several aspects: energy, water, the environment, food and the economy, and ensuring each of these aspects is a serious problem. Energy is at the center of other aspects of sustainability, as it has a direct relationship with water, food, and the environment. Uranium is Kazakhstan’s top priority in the global energy market. In the world, there are different opinions on the development of uranium production, increasing the value of atomic energy. Apparently, this should be preceded by a crisis in the field of oil and gas production in recent years, in connection with which the world energy market should have a diversified course depending on various energy sources. Kazakhstan is a country rich in uranium. In addition, over the years of independence, we have increased production almost four times and maintain leadership in the world. Therefore, uranium production is the most important advantage of our global energy space today.
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Bun'kovskii, D. V. "The business development environment in the oil and gas industry." National Interests: Priorities and Security 16, no. 12 (December 15, 2020): 2289–302. http://dx.doi.org/10.24891/ni.16.12.2289.
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Subject. The article focuses on different conditions for the emergence of industrial entrepreneurship and its growth drivers in the Russian oil and gas industry today. Objectives. I provide updates on challenges to the industrial entrepreneurship in the Russian oil and gas industry. The article also discusses some aspects of the emergence and development of industrial entrepreneurship in terms of governmental control and the business–State relationship. Methods. The study relies upon the systems analysis of the current cooperation between the business and the State and its specifics as determinants triggering the emergence and development of industrial entrepreneurship in the oil and gas sector. I also apply other methods of research, such as observation, hypothetical and deductive reasoning, comparison and generalization. Results. The article describes core interests of the State and business and determines how they can possibly come across. I examines various aspects of business taxation and tax burden, viewing them as conditions for the emergence and development of industrial entrepreneurship in the oil and gas sector today. Conclusions and Relevance. In the oil and gas sector, industrial entrepreneurship could develop sustainably if industrial complexes, public institutions and governmental economic regulators cooperate productively. Furthermore, the systemic and comprehensive use of the cause-and-effect relationship may help the national economy advance.
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Kuternin, M. "COMPARISON OF THE EFFICIENCY OF VARIOUS GAS INDUSTRY SCHEMES BY THE MATHEMATICAL MODELING." Vestnik Universiteta, no. 10 (November 28, 2019): 124–31. http://dx.doi.org/10.26425/1816-4277-2019-10-124-131.
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A quantitative comparison of the optimal characteristics of two schemes of construction of the gas industry of the national economy, using mathematical modeling – a scheme with full vertical integration of the industry and a scheme with a vertical division of the industry into a competitive gas production sector and a gas transportation system, which is a natural monopoly сore of the industry – has been carried out. It has been established, that allocation of the competitive making sector can give small increase in total amount of gas production and the same reduction of price for the end user, but can lead to decrease in investments into the development of the industry. It has been concluded, that the decision on a form of existence of the industry demands joint consideration both economic and political aspects of the problem.
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НИКИФОРОВА, В. В. "Economic aspects of subsurface use in northern regions of resource type." Vestnik of North-Eastern Federal University. Series "Economics. Sociology. Culturology", no. 3(23) (December 9, 2021): 11–19. http://dx.doi.org/10.25587/svfu.2021.23.3.011.
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В настоящее время в экономическом развитии не только отдельных регионов, но и всей страны особую роль играет состояние добывающей промышленности, в основном топливно-энергетических ресурсов и цветных металлов. В Российской Федерации доходы, получаемые за счет добычи и экспорта минерального сырья, в стоимостном выражении составляют около 80% российского экспорта. В статье рассматриваются экономические аспекты недропользования в северных регионах ресурсного типа, специализирующихся на добыче высоколиквидных минеральных ресурсов: нефти, газа, угля, алмазов и золота с целью выявления сильных и слабых сторон. Анализируются минерально-сырьевой и производственный потенциалы добывающей промышленности регионов. Методом математической статистики оценивается уровень зависимости социального развития регионов от добывающей промышленности по шкале Чеддока. На основе факторного анализа и оценки экономических составляющих недропользования и региональной статистики за 2010-2020 гг. выявлены высокий уровень ресурсной ориентированности экономики, капиталоемкости и фондоемкости добывающей промышленности и моноспециализация экономики во всех северных регионах ресурсного типа, высокий уровень зависимости социального развития от добывающей промышленности в Республике Саха (Якутия), Ханты-Мансийском – Югра и Ямало-Ненецком автономном округах. Выделены негативные и позитивные факторы устойчивого развития добывающей промышленности, также определены ключевые моменты перспективного развития экономики северных регионов ресурсного типа. At present, the state of the mining industry, mainly fuel and energy resources and non-ferrous metals, plays a special role in the economic development of not only individual regions, but also the whole country. In the Russian Federation, revenues derived from the extraction and export of mineral raw materials in value terms account for about 80% of Russian exports. The article discusses the economic aspects of subsurface use in the northern resource-type regions specializing in the extraction of highly liquid mineral resources: oil, gas, coal, diamonds and gold in order to identify strengths and weaknesses. The mineral raw materials and production potentials of the mining industry of the regions are analyzed. The method of mathematical statistics evaluates the level of dependence of the social development of regions on the extractive industry on the Cheddock scale. Based on a factor analysis and assessment of the economic components of subsurface use and regional statistics for 2010-2020, there was revealed a high level of resource orientation of the economy; capital intensity of the mining industry and monospecialization of the economy in all northern resource-type regions; a high level of dependence of social development on the extractive industry in the Sakha Republic (Yakutia), Khanty-Mansiysk-Yugra and Yamalo-Nenets Autonomous Okrugs. The negative and positive factors of the sustainable development of the mining industry are highlighted, and the key points of the prospective development of the economy of the northern regions of the resource type are also identified.
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BUN’KOVSKY, D. V. "DEVELOPMENT OF OIL AND GAS INDUSTRY ENTERPRISES: PROSPECTS OF IMPORT SUBSTITUTION." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1, no. 10 (2020): 80–86. http://dx.doi.org/10.36871/ek.up.p.r.2020.10.01.009.
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The article analyzes the problems of development of oil and gas industry enterprises, their import dependence in modern conditions. The essence and various aspects of the economic strategy of import substitution are considered, taking into account the industry specifics. It has been determined that the processes of import substitution are expedient only in cases when they provide a basis for sustainable development of industry, expanding opportunities for oil and gas enterprises capable of independent development with appropriate start-up support. The processes of import substitution in the activities of oil and gas industry enterprises should, as a result, ensure an increase in the use of advanced resource and energy saving technologies, especially in the field of oil and gas chemical industries. In modern conditions, the key area of import substitution operations can and should be the creation of small and medium-sized production of import-substituting goods on the basis of functioning large companies in the oil and gas industry.
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Н.В., Ивлиева,. "ASPECTS OF ENSURING ECONOMIC SECURITY BY INTERNAL AFFAIRS BODIES IN THE FIELD OF GAS PRODUCTION AND TRANSPORTATION." VESTNIK OF THE EAST SIBERIAN INSTITUTE OF THE MINISTRY OF INTERNAL AFFAIRS OF THE RUSSIAN FEDERATION, no. 4(103) (December 26, 2022): 158–65. http://dx.doi.org/10.55001/2312-3184.2022.98.51.015.
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Введение:в статье на основе анализа действующего законодательства, научной литературы и служебных документов рассматриваются отдельные проблемы, связанные с обеспечением экономической безопасности газовой отрасли России. Материалы и методы: нормативной основой исследования является действующие нормативные правовые акты; методологическую основу составляют дедукция, индукция, общий диалектический метод научного познания, системный, логический, формально-юридический методы исследования, анализ, синтез и обобщение. Результаты исследования: основные идеи по решению отдельных практических проблем представлены в виде анализа действующего законодательства и рассмотрения современного состояния оперативной обстановки в газовой отрасли топливно-энергетического комплекса Российской Федерации, которая характеризуется весьма высокими показателями зарегистрированных преступлений экономической и коррупционной направленности, а также предложений правового (регламентационного) и организационного характера Выводы и заключения: делается обоснованный вывод об эффективности реализации широкомасштабного комплекса мер по декриминализации отечественной газовой отрасли силами МВД России во взаимодействии с заинтересованными министерствами и ведомствами. Introduction:Based on the analysis of the current legislation, scientific literature and official documents, the article discusses certain problems related to ensuring the economic security of the Russian gas industry. Materials and methods: the normative basis of the study is the current regulatory legal acts; the methodological basis is deduction, induction, the general dialectical method of scientific knowledge, systemic, logical, formal legal methods of research, analysis, synthesis and generalization. The results of te study: the main ideas for solving certain practical problems are presented in the form of an analysis of the current legislation and a review of the current state of the operational situation in the gas industry of the fuel and energy complex of the Russian Federation, which is characterized by very high rates of registered economic and corruption crimes, as well as proposals for a legal (regulatory)) and organizational nature. Findings and Conclusions: a reasonable conclusion is made about the effectiveness of the implementation of a large-scale set of measures to decriminalize the Russian gas industry by the Russian Ministry of Internal Affairs in cooperation with interested ministries and departments.
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Ijeomah, G., F. Samsuri, F. Obite, and M. A. Zawawi. "Application of Nanotechnology in Oil and Gas Industry: Towards Enhanced Oil and Gas Recovery." International Journal of Engineering Technology and Sciences 5, no. 3 (December 27, 2018): 35–50. http://dx.doi.org/10.15282/ijets.v5i3.1128.
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The global oil demand and the development of advanced techniques have made the regeneration of previously abandoned oilwells economically attractive. As conventional oil recovery methods near their economic limits, a revolutionary new technology is required to harness maximum oil from these stranded oilwells. Due to its potential to manipulate matter at molecular level, nanotechnology promises to dramatically transform oil and gas industry by enabling enhanced oil and gas recovery. Recently, there has been increasing research interest in the applications of nanotechnology in enhanced oil and gas recovery, where the unique aspects of reservoir management, drilling, production, processing and refinery are redesign. Nanotechnology has the potential to revolutionize the drilling process and accelerate the production of oil and gas by providing a platform that makes their separation in the reservoir more amenable. Nanotechnology can make the industry greener by drastically reducing the oil’s carbon footprint in contrast to oils obtained from conventional methods. In this paper, we review the latest trends in the applications of nanotechnology for enhanced oil and gas recovery. We further present scientific advance and new insight into possible future applications. The paper aims to broaden our understanding of the applications landscape of nanotechnology in oil and gas industry.
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Sinha, Bhaskar, Supriyo Roy, and Manju Bhagat. "Sustainable Green Policy by Managing Flare Gas Recovery: A Case with Middle East Oil and Gas Industry." Vision: The Journal of Business Perspective 24, no. 1 (February 28, 2020): 35–46. http://dx.doi.org/10.1177/0972262919862410.
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Push for sustainability is evident in areas such as energy generation where the focus has been on finding new deposits to outpace drawdown on existing reserves. Gas flaring is employed by oil and gas industries to burn-off associated gasses from refineries, hydrocarbon processing plants or oil and gas reserve wells. It is one of the most taxing energies and environmental problems challenging the world today. Generally, safety flaring was dubbed as the saviour of process plants and mostly covers for sudden or unplanned plant trips. It is an opportunity to cut greenhouse gases (GHGs) from oil and gas processing plants through flare gas recovery (FGR) process. Oil and gas plants can employ diverse FGR procedures to offset key concerns about the environmental bearing of GHGs emanation most of which necessitating novel apparatus and extraordinary outlay of design and construction. In this study, apart from economic aspects, a real-life case study is extensively analysed to highlight exploration and adoption of optimizing FGR that may be beneficial if flare gas can be recovered, instead of burning. The output of the study may have a significant impact for refineries towards both economic and sustainability towards greening. In a nutshell, this study highlights the efficacy of reducing ‘flare gas system’ towards environment-friendly ‘greening’ aspect as the core of designing.
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Sasaev, N. I. "Strategic diagnostics at the at the Russian Far East gas industry." Russian Journal of Industrial Economics 14, no. 4 (December 30, 2021): 355–68. http://dx.doi.org/10.17073/2072-1633-2021-4-355-368.
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World and regional economics are nonstationary, and due to this it becomes a strategically important task to ensure social and economic development of the regions which considers the existing tendencies and the arising opportunities. The task can be fulfilled by means of uncovering the accumulated scientific-technical and industrial-production potentials of the industries. The Far Eastern Federal district possesses such a strategic opportunity, and gas industry can become such a driver. Therefore, the purpose of the study is performing strategic diagnostics of the Far Eastern gas industry in order to determine the position of the object of strategizing within the global and regional economic system, to form the information basis for further strategic analysis and to define the type of the potential industrial strategy. To this end the authors carried out analysis and presented the main results of strategic diagnostics of the Far Eastern gas industry as the object of strategizing including the key historical aspects and the dynamics of development of the gas industry of the Far East, assessment of the resource base and human resources potential, technological potential of the industry, analysis of the major industrial indicators and structure, assessment of the export potential and market positioning, analysis of the regulatory environment for operation and development of the gas industry in the Far East. For each direction of strategic diagnostics the authors have detected the specificity, features and factors which influence or are able to influence the Far Eastern gas industry in a long-term perspective. The results of the analysis revealed high concentration of national, public, regional, industrial, commercial interests, high level of technological potential of gas industry of the Far East, its deep integration into international economic relations and favorable regulatory environment encouraging effective operation and development. The study made it possible to conclude that the strategy of the gas industry of the Far East ought to be that of the innovative type and ought to be aimed at realization of all groups of interests and at involvement and efficient employment of all existing regional resources and competitive advantages.
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Lapinskienė, Giedrė, Kęstutis Peleckis, and Marijus Radavičius. "ECONOMIC DEVELOPMENT AND GREENHOUSE GAS EMISSIONS IN THE EUROPEAN UNION COUNTRIES." Journal of Business Economics and Management 16, no. 6 (December 24, 2015): 1109–23. http://dx.doi.org/10.3846/16111699.2015.1112830.
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The paper analyses the environmental Kuznets curve (EKC) relationship between greenhouse gases and main aspects of economic development based on the panel data of 20 countries of the EU, including the data of three Baltic States, in the period 1995–2011. The fixed effect panel model was used as a framework for the analysis. The commonly used models confirmed the presence of the inverse U-shaped relationship. The novel contribution of this paper is that the factor referring to the global financial crisis was tested in expanded EKC model. Higher energy taxes, primary production of nuclear heat and R&D decrease the level of greenhouse gas emissions (GHG). The size of agriculture, industry and construction, as well as the primary production of solid fuels have a positive sign, which means that a higher value of these indicators is associated with a higher level of GHG. This implies that the analysed set of factors can be applied to adjust the EKC trend in the region and might be useful for the climate change policy adjustment.
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Cherednichenko, Oleksandr, Valerii Havrysh, Vyacheslav Shebanin, Antonina Kalinichenko, Grzegorz Mentel, and Joanna Nakonieczny. "Local Green Power Supply Plants Based on Alcohol Regenerative Gas Turbines: Economic and Environmental Aspects." Energies 13, no. 9 (May 1, 2020): 2156. http://dx.doi.org/10.3390/en13092156.
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Growing economies need green and renewable energy. Their financial development can reduce energy consumption (through energy-efficient technologies) and replace fossil fuels with renewable ones. Gas turbine engines are widely used in transport and industry. To improve their economic attractiveness and to reduce harmful emissions, including greenhouse gases, alternative fuels and waste heat recovery technologies can be used. A promising direction is the use of alcohol and thermo-chemical recuperation. The purpose of this study is to estimate the economic efficiency and carbon dioxide emissions of an alcohol-fueled regenerative gas turbine engine with thermo-chemical recuperation. The carbon dioxide emissions have been determined using engine efficiency, fuel properties, as well as life cycle analysis. The engine efficiency was maximized by varying the water/alcohol ratio. To evaluate steam fuel reforming for a certain engine, a conversion performance factor has been suggested. At the optimal water/methanol ratio of 3.075 this technology can increase efficiency by 4% and reduce tank-to-wake emission by 80%. In the last 6 months of 2019, methanol prices were promising for power and cogeneration plants in remote locations. The policy recommendation is that local authorities should pay attention to alcohol fuel and advanced turbines to curb the adverse effects of burning petroleum fuel on economic growth and the environment.
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Bagchi, Sraboni. "EXPLORING THE IMPACT OF COVID-19 ON TOURISM INDUSTRY OF BANGLADESH: AN EMPIRICAL STUDY." International Journal of Research -GRANTHAALAYAH 9, no. 8 (August 31, 2021): 42–58. http://dx.doi.org/10.29121/granthaalayah.v9.i8.2021.4141.
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The tourism industry is one of the fastest-growing service industries in Bangladesh. This industry observed consistent economic growth for the last five years and contributed significantly to the GDP of Bangladesh. The outbreak of the Covid-19 pandemic impacted the tourism industry notedly. This paper aims to explore the impact on the tourism industry of Bangladesh, considering the economic and environmental aspects. The study found a catastrophic impact on the tourism industry's economic growth, which also affects the country’s total GDP growth. The tourism industry is expected to contribute 1309.27 billion Taka, which would be 3.20% of the total GDP of Bangladesh, but the actual contribution is 539.60 billion Taka which is 1.70% of total GDP. The pandemic also negatively affected employment opportunities, tourists’ arrival rate, hotel occupancy rate, and total tourism expenditures. On the other hand, despite some negative issues, Covid-19 impacted positively on the natural environment. The air quality improved, water pollution, noise pollution, consumption of natural resources, emission of greenhouse gas reduced notably. Considering the positive impacts on the environment, this study also formulated some possible recovery strategies to regain the economic losses through sustainable tourism development.
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Zauner, Andreas, Karin Fazeni-Fraisl, Philipp Wolf-Zoellner, Argjenta Veseli, Marie-Theres Holzleitner, Markus Lehner, Stephan Bauer, and Markus Pichler. "Multidisciplinary Assessment of a Novel Carbon Capture and Utilization Concept including Underground Sun Conversion." Energies 15, no. 3 (January 29, 2022): 1021. http://dx.doi.org/10.3390/en15031021.
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The current work investigates the feasibility of a novel Carbon Capture and Utilization (CCU) approach—also known as Underground Sun Conversion (USC) or geo-methanation. The overall objective of the current work is a comprehensive assessment on the technical, economic and legal aspects as well as greenhouse gas impacts to be concerned for establishing USC technology concept. This is achieved by applying multidisciplinary research approach combining process simulation, techno-economic and greenhouse gas assessment as well as legal analysis allows answering questions about technical, economic feasibility and greenhouse gas performance as well as on legal constraints related to large scale CCU using geo-methanation in depleted hydrocarbon reservoirs. CO2 from the industry and renewable H2 from the electrolyser are converted to geomethane in an underground gas storage and used in industry again to close the carbon cycle. Process simulation results showed the conversion rates vary due to operation mode and gas cleaning is necessary in any case to achieve natural gas grid compliant feed in quality. The geomethane production costs are found to be similar or even lower than the costs for synthetic methane from Above Ground Methanation (AGM). The GHG-assessment shows a significant saving compared to fossil natural gas and conventional power-to-gas applications. From a legal perspective the major challenge arises from a regulative gap of CCU in the ETS regime. Accordingly, a far-reaching exemption from the obligation to surrender certificates would be fraught with many legal and technical problems and uncertainties.
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Zhe, Zhang, and An Yuxiu. "Nanotechnology for the oil and gas industry – an overview of recent progress." Nanotechnology Reviews 7, no. 4 (August 28, 2018): 341–53. http://dx.doi.org/10.1515/ntrev-2018-0061.
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Abstract Nanotechnology has brought about revolutionary innovations in many aspects of the oil and gas industry. Nanotechnology generates nanomaterials, which are natural or synthetic materials with at least one dimension at the nanoscale (1–100 nm). Among them, nanoparticles (NPs), in particular, have large surface areas and high volume concentrations. Given these dimensional effects, nanomaterials acquire unique mechanical, chemical, thermal, and magnetic properties and, therefore, have a superior performance than conventional micro and macro materials in a range of oil and gas field applications. Nanomaterials can also be custom functionalized by chemical modifications to meet specific technical requirements. In this review, the developments in the recent years concerning the research on nanotechnology in drilling, completion, reservoir protection, enhance-oil-recovery (EOR), sensing and imaging techniques, stimulation techniques in oil and gas migration and accumulation have been summarized. The aim of this paper was to provide a comprehensive overview of the scientific progress of nanotechnology in the oil and gas research areas, identifying the existing barriers and challenges, and evaluating the technical and economic prospects in this field.
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Tsvetkov, Pavel, and S. Fedoseev. "Analysis of project organization specifics in small-scale LNG production." Journal of Mining Institute 246 (January 23, 2021): 678–86. http://dx.doi.org/10.31897/pmi.2020.6.10.
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Gas industry plays an important role in the global energy sector, and in the coming decades amountsof natural gas production will only increase. One of the fastest growing trends in gas industry is the production of liquefiednatural gas (LNG), which is associated with the necessity to organize flexible systems of gas supply to the regions,remote from gas extraction sites. Industrial structure of LNG production includes projects, belonging to several different groups depending to their scale, in particular, small-scale production (SSLNG), cumulative production capacityof which is approximately 10 % from the industry-wide one. Economic aspects of implementing such projects remainunderexplored, which does not allow to draw objective conclusions regarding the prospects of their implementationin particular regions.This paper contains a review of publications, devoted to SSLNG project studies, aimed at identifying specifics oftheir organization compared to projects of greater scale. The results demonstrate that the majority of internationalcompanies classify projects as SSLNG, if their annual production capacity is below 0.5 million tonnes per annum.Specific capital costs, as well as implementation timelines of such projects, are several times lower than those of projects with greater production capacity, which reduces their risks and minimizes barriers to market entry. Furthermore,SSLNG is the most decentralized subsector in gas industry, aiming to cover the market due to a growing numberof projects, not their specific production capacity. These specific features define significant prospects of SSLNGdevelopment in Russia, both in the context of energy supply to remote regions and diversification of export deliveries.
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Qi, Fu Yuan, and Zhong Ting Jiang. "The Importance of Safety Production and Humanistic Management in Petroleum Project." World Construction 6, no. 1 (May 2, 2017): 45. http://dx.doi.org/10.18686/wc.v6i1.87.
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Oil and gas industry has higher standard of safety requirements in production unit due to its high-risk nature of products. Production safety management is the most important component of petroleum project management. With the integration of humanistic management, the smoothness of project operations and the safety of personnel, facilities and products are guaranteed. Therefore, it is necessary to investigate the production safety policies in the aspects of humanistic management. Implementation of production safety and humanistic management protocols can effectively reduce the risk factors; thereby improve economic efficiency of oil and gas companies.
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Yakovlev, P. "The Structural Reform of Mexican Energy Industry." World Economy and International Relations, no. 3 (2015): 95–104. http://dx.doi.org/10.20542/0131-2227-2015-3-95-104.
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At present, Mexico makes an ambitious attempt to carry out far-reaching structural reforms. Of key importance is the reform in the energy sector which is the foundation of the national economy. The reform course of the Mexican authorities and the matrix of their political actions deserve scrutiny, since their value transcends national boundaries, reflects problems inherent in many developing countries paving the way in shifting sands of global economic relations. Mexico seeks to seamlessly combine the politics of the energy sector reform with pragmatic interests of transnational corporations willing a broader access to Mexico's oil and gas resources. This is one of international aspects of the energy reform in Mexico. Another one is that using reforms Mexican authorities yearn to strengthen Mexico's geopolitical role, confirm its status of a rising power. Acknowledgement. The article has been supported by a grant of the Russian Science Foundation. Project № 14-18-02713.
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Danylkiv, Khrystyna, Nataliia Hembarska, and Lilia Khaidarova. "Analysis of business activity management in the oil and gas production enterprise development system." VUZF Review 6, no. 2 (June 29, 2021): 198–213. http://dx.doi.org/10.38188/2534-9228.21.2.23.
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The scientific work reveals the theoretical, methodological and practical aspects of business management of the oil and gas industry enterprise "Boryslavnaftogaz". Business activity management is the impact on the business activity of the enterprise through the development of a set of measures aimed at expanding existing and conquering new markets; attracting new suppliers of raw materials and supplies; optimization of inventories; accelerating the turnover of assets and capital; elimination of the influence of internal and external factors that reduce the efficiency of resources used; contribute to the survival of the enterprise in a competitive environment, stimulate the development of production, promote sustainable economic growth – in order to maximize the company's profits. The analysis of the financial condition and financial activity of Boryslavnaftogaz oil and gas production department is carried out and the level and dynamics of indicators of business activity of the researched enterprise are analyzed. The main indicators of assessment of business activity of the enterprise (internal and external) are characterized. A SWOT-analysis of the financial and economic condition of the Boryslavnaftogaz oil and gas production department was conducted. Proposals for increasing the efficiency of the Boryslavnaftogaz oil and gas industry enterprise have been developed and substantiated. An in-depth analysis of the structure of receivables (causes and repayment) and accounts payable (search for sources of repayment). The economic results of design decisions are estimated.
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Tolmachev, A. A., and V. A. Ivanov. "Prospects of using fiberglass and polymer-metal pipes in the oil and gas industry." Oil and Gas Studies, no. 6 (March 13, 2020): 132–39. http://dx.doi.org/10.31660/0445-0108-2019-6-132-139.
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One of the most important criteria for ensuring the safe operation of the facility and increasing its durability is its reliability. Ensuring the safe operation of pipelines is in many ways a problem of increasing their reliability and durability and seems to be a complex task, which includes solving technical and technological, as well as economic and organizational aspects. To date, emergencies related to the rupture and damage to steel pipelines because of their operational wear and exposure to external factors are still the most frequent cause of accidents in the oil field. Despite the fact that numerous studies are devoted to this problem, at present it has not yet been completely resolved, and many questions still remain open. In this article, we are considering the prospects of using fiberglass and polymer-metal pipes in the oil and gas industry as an alternative to steel pipes.
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Solilová, Veronika, and Danuše Nerudová. "Evaluation of Greenhouse Gas Emissions and Related Aspects: Case of the Czech Republic." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 1 (2015): 281–92. http://dx.doi.org/10.11118/actaun201563010281.
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The most important drivers of increasing greenhouse gas emissions are increasing world’s population, economic development resulting in higher level of productions and consumption, but also unanticipated increases in the energy intensity of GDP and in the carbon intensity of energy. The EU committed to reduce their greenhouse gas emissions by 20% until 2020 or 40% until 2030 compared to 1990 levels of the Kyoto Protocol. The Czech Republic enlarged EU in 2004 as a country from Eastern Europe where usually the heavy industries or agriculture prevail over other sectors. The aim of the paper was an evaluation of the development of greenhouse gas emissions and related aspects in the industry of the Czech Republic. Based on the results was concluded that although greenhouse gas emissions of the Czech Republic are deeply below the Kyoto targets, there are areas for improvements e.g. in case of energy intensities, as well as in case of carbon intensity and carbon productivity, where the Czech Republic reaches worse results than the EU28. Therefore is recommended to decrease greenhouse gas emission and increase gross value added generated by each NACE sector. Both those factors will impact on improvement of energy intensity, carbon productivity as well as greenhouse gas emissions per capita.
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Lysenko, D. V., and L. Akgun. "Analysis of Petrochemical Companies According to Accounting Statements on the Example of PJSC «Sibur Holding»." Vestnik NSUEM, no. 2 (June 19, 2021): 94–104. http://dx.doi.org/10.34020/2073-6495-2021-2-094-104.
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To survive in modern market conditions, as well as to participate in the ever-increasing competitive struggle, companies need to conduct their activities more effectively, which means that they constantly need to make a variety of decisions, which in turn entails the need to constantly give a real assessment of the effectiveness of the decisions and projects being implemented, competently conduct economic analysis, find reserves for this activity. This is where the relevance of the development of the basic methodological principles of economic analysis in the conditions of risk and uncertainty in an industry based on scientific basis taking into account the specific characteristics of the sector in question.The subject of this study is a set of both theoretical and practical aspects of analyzing the activities of petrochemical companies under conditions of risk and uncertainty, while the object of the study is Russian and foreign petrochemical and gas processing companies operating in the current conditions of the industry development.The purpose of this study is to formulate a methodology for analyzing the main indicators of the activities of petrochemical and gas processing companies and making decisions under conditions of risk and uncertainty.The development of methodological principles is supposed to be carried out on the basis of the classical scientific and methodological base, taking into account the industry specific features of the activities of petrochemical and gas processing companies. In this paper, a study of modern methods of analyzing the effectiveness of activities is carried out, and the novelty of this work consists in combining the classical theory of economic analysis with the practical methods used today by petrochemical and gas producing companies in the process of their financial and economic activities.
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Pinceratto, E. J. "THE MINERVA GAS FIELD EIA—A CASE STUDY OF COMMUNITY INVOLVEMENT IN DECISIONMAKING." APPEA Journal 41, no. 1 (2001): 767. http://dx.doi.org/10.1071/aj00045.
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The Minerva gas field is situated approximately 10 km offshore Port Campbell, Victoria, in the Southern Ocean in water depth of approximately 60 m. The development involves the drilling and completion of two wells, offshore pipelines to the coast, subterranean shore crossing and onshore pipelines to a gas treatment plant where liquids will be removed prior to exporting the gas.From the outset, the project attracted the interest of the local and wider community due to its proximity to the highly regarded Port Campbell National Park. The National Park is known for its unique geomorphological features, its fauna and flora and aboriginal heritage sites.The development has been subject to a dual jurisdiction, State and Federal, Environmental Impact Assessment (EIA) process. The process included the formation of a Community Consultative Committee consisting of representatives from government agencies, local community groups, environmental groups, industry associations and the proponent. The Committee provided input to the scope of the EIA and reviewed and endorsed the studies and report prior to public exhibition. An independent panel hearing and ministerial assessments followed public exhibition.A phased process was adopted in the selection of routes, sites and technologies to achieve the lowest practicable environmental impact. Each phase was supported by studies of environmental aspects, fauna, flora, heritage, visual and social impacts. The process commenced on a regional scale and progressively refined the concept and the study area. Detailed studies of key environmental aspects were conducted for the selected development options.The final development concept addressed the key findings of the baseline and subsequent environmental studies and was largely supported by an independent panel. However, there still remained concerns by sectors of the community on the issue of precedent and integrity of the National Park. The Ministerial assessment reflected the issues of community value above technical, environmental, archaeological and heritage considerations.
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Lewis, David. "Taxation aspects of climate change management measures." APPEA Journal 50, no. 1 (2010): 253. http://dx.doi.org/10.1071/aj09015.
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Climate change is undoubtedly one of the greatest economic, social, and environmental challenges now facing the world. The present Australian Government is committed to acting on climate change and Australia’s progress towards its emissions reduction targets is being closely watched internationally. To contribute effectively to global climate change action, Australia must demonstrate its ability to implement robust and sustainable domestic emissions management legislation. The Carbon Pollution Reduction Scheme (CPRS), modelled after the cap-and-trade system, continues to be debated by our policymakers, as the Government moves to re-introduce its preferred CPRS legislative package for the third time. The advent of climate change legislation is inevitable and its impact will be far-reaching. This paper reviews the fiscal aspects of the proposed CPRS legislation in the context of the oil and gas industry, and whether it is conducive to creating incentives for appropriate climate change response by the industry. In particular, this paper will consider: the direct and indirect tax features specifically covered in the proposed CPRS legislation and their implications; the areas of taxation that remain uncanvassed in the proposed CPRS legislation and aspects requiring clarification from the tax administration; the interaction between Petroleum Resource Rent Tax (PRRT) and the CPRS measures; the flow-on impacts to taxation outcomes resulting from proposed accounting and financial reporting responses to the CPRS legislation; the income tax and PRRT treatment of selected abatement measures; and, elements of a good CPRS tax strategy and compliance action plan.
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Isakov, Aleksey, Eric Liron, Igor Shtopakov, and Svetlana Semushkina. "Development of business models of managing oil service processes in big oil and gas companies." Moscow University Economics Bulletin, no. 5 (October 31, 2021): 91–109. http://dx.doi.org/10.38050/01300105202155.
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The article considers the features of the business model for managing oilfield service processes in big oil and gas companies using the example of PJSC Oil Company «Rosneft». The purpose of the article is to study current business models in oil and gas industry, identify their advantages and disadvantages, and develop recommendations for improving sourcing procedures in accordance with the dynamics and changes in the external environment of companies' functioning. The research applies a variety of scientific methods which include analysis, synthesis and systematization of conceptual and practical aspects of sourcing in the context of the Russian oil and gas industry. The authors provide a critical analysis of theoretical aspects related to the concepts of sourcing, outsourcing and insourcing, which have been in the focus of Russian economic science since the mid-2000s. Special attention is paid to the insourcing model, which is available and used by large companies in capital-intensive industries with long-term investment and production cycles, such as oil and gas. The signs of production and management inefficiency of insourcing are formalized. In terms of transaction costs, a comparison is made between the efficiency and effectiveness of outsourcing and vertical integration. Taking into account the peculiarities and distinctive features of modern business environment, its uncertainty and new challenges for oil and gas producing companies, the authors conclude that strategic outsourcing is most in demand. The results obtained in the study can be used in practice of oil and gas companies, as well as by government bodies in the process of developing a regulatory policy in the relevant area.
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Olugu, Ezutah Udoncy, Kuan Yew Wong, Jonathan Yong Chung Ee, and Yslam D. Mammedov. "Incorporating Sustainability and Maintenance for Performance Assessment of Offshore Oil and Gas Platforms: A Perspective." Sustainability 14, no. 2 (January 12, 2022): 807. http://dx.doi.org/10.3390/su14020807.
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The existence of external two-fold pressure regarding competitiveness and sustainable development in a capital-intensive industry supports the need for sustainable performance. However, endeavors to create a sustainable framework to measure the performance of the oil and gas (O&G) industry are mostly devoted to the production and supply chain of petrochemical products and rarely focus on a maintenance perspective. Motivated by such scarcity, the goal of this research was to discuss and articulate the performance assessment framework by integrating concepts of maintenance and sustainability in the O&G industry. This study proposed the use of a range of performance measures for assessing sustainability on offshore production and drilling platforms. The conceptual framework consists of four aspects of sustainability categorized into technical, environmental, social, and economic dimensions. Each measure was assigned according to its relevance at the strategic, tactical, and functional levels of maintenance decision making. The conceptual framework resulted in hierarchical clusters of twelve strategic indicators. These indicators consist of conventional measures as well as new ones relating to the safety and reliability on offshore platforms. The potential contribution of the present study is found in its intention to empower a better understanding of sustainable maintenance and encourage those making decisions about practical implementation within the O&G industry. This paper culminates with directions for future studies.
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Zhukov, Oleg V., and Aleksey E. Cherepovitsyn. "Global trends and target indicators of economic development of industrial gas production complexes in the Arctic." Север и рынок: формирование экономического порядка 24, no. 4-2021 (December 28, 2021): 128–39. http://dx.doi.org/10.37614/2220-802x.4.2021.74.010.
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The current stage of development of the world energy sector is characterized by high turbulence and dynamism of changes. The volatility of demand and prices for energy resources, increased competition in the global market, the evolution of the energy balance, the decrease in the role of traditional hydrocarbons and the progressive development of technological innovations significantly affect the efficiency of the implementation of the Russian gas complex in the Arctic. However, in addition to economic benefits, large-scale production of natural gas in the Arctic encompasses a wide range of issues: ensuring domestic needs for hydrocarbons and stable exports, minimizing environmental damage, organizing complex science-intensive industries and loading industrial capacities, developing transport and social infrastructure, creating new high- tech work places. In these conditions, long-term prospects and assessment of the development efficiency of complex industrial gas production complexes are determined taking into account environmental, economic, technological and social aspects. The analysis of the factors of instability of the world energy system and their influence on the efficiency of the development of gas fields in the Arctic zone was carried out. Target guidelines for the development of the Russian gas industry have been formulated in the context of national interests and priorities of socio-economic development and environmental safety. Indicators of economic development of industrial gas production complexes are proposed, takinging to account trends in the global energy market and the specifics of field development in the Arctic.
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GOncharov, Vitaly, Maxim Goncharov, Sergey Prasolov, and Sergey Goncharov. "APPLICATION OF PVD COATINGS TO INCREASE THE SERVICE LIFE OF GAS TURBINE MINI HEAT POWER PLANTS WITH IMPROVED ACOUSTIC PERFORMANCE." Akustika 34 (November 1, 2019): 157–65. http://dx.doi.org/10.36336/akustika201934157.
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this article deals with the problem of the influence of gas turbine equipment on its energy efficiency, environmental performance and acoustic properties of thermal mini heat power plants. Environmental aspects of the introduction of gas turbine technologies in heat and power industry are very important. The paper considers technological limitations of the wide use of gas turbine equipment and ways to solve them. The article discusses the developed original technology to improve the performance characteristics of parts that have exhausted their service life of aviation gas turbine engines, with the aim of using them as heat installations in heat and power engineering with improved acoustic performance. Constructive solutions are proposed for upgrading the serial installation of PVD coatings, for the possibility of applying nanostructured films according to the technology proposed in the article, with an increase in its economic and environmental performance.
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Toshima, Makoondlall-Chadee, Goolamally Naadir, Priya Ramasamy-Coolen, Bokhoree Chandradeo, and Foogoa Ravi. "The Contributing Factors of Carbon Footprints Among Hotels on the Island of Mauritius: A Comparative Analysis." European Journal of Sustainable Development 10, no. 4 (October 1, 2021): 9. http://dx.doi.org/10.14207/ejsd.2021.v10n4p9.
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The tourism and hospitality industry is a worldwide known trillion-dollar industry and a major economic generator for several economies. Despite a positive economic contributor, the challenges of the tourism industry cannot be overlooked. The tourism industry is right now definitely more involved on the broader aspects of sustainable tourism but nevertheless still contributes 8% of the GHG emissions globally. This work aims at identifying and addressing the main contributing areas responsible for the greenhouse gas emissions for the hotel industry in Mauritius. A quantitative approach based on an adapted framework of the hotel carbon measurement initiative (HCMI) was used to collect data from four hotels with different ratings and which were selected through convenience sampling. Land use for buildings, energy consumption and emissions, refrigerants being used in the hotel, water consumption and wastes being produced are researched as major contributors of GHG from the hotels and these were captured and analyzed. Comparatively, the findings revealed that the carbon footprint for 4-star, 5-star and 5-star plus hotels were found to be lower than the average carbon footprint of other hotels of similar categories worldwide. However, for 3-star hotels, the latter was found to be higher. Plausible recommendations were made accordingly to reduce carbon emissions for each hotel type.
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Viktor, Kovalenko, Kuznetsova Alisa, and Kuznetsov Vitalii. "Features of introduction of biogas technologies in the conditions of industrial enterprises of the metallurgical industry." Theory and practice of metallurgy, no. 6 (September 22, 2019): 49–54. http://dx.doi.org/10.34185/tpm.5.2019.06.
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The paper analyzes and classifies the advantages and disadvantages of existing technologies for cleaning hydrogen sulfide and increasing calorific value by enriching biogas mixtures from various sources. Among them are identified those that are most acceptable from an economic point of view for implementation in heavy industry. A list of available methods and relatively inexpensive reagents for the treatment of biogas in the conditions of metallurgical enterprises, among which technical and ammonia water, waste from steel pickling processes in the form of iron sulfate, and others, is established. The main fuel characteristics of biogas of various origin and composition and natural gas are compared in determining the directions of using alternative fuel in industrial heating plants. It was determined that thermal and heating furnaces have the greatest potential for adaptation to biogas combustion, since such units are able to work in a wide range of quality, fuel consumption and calorific value. Since the scientific base regarding the possible conversion of these plants to biogas is unstructured, and in many aspects is absent, the creation of appropriate methods, mathematical apparatus and algorithmic tools in this direction is an urgent task. Keywords: energy efficiency, biogas technologies, biogas, gas, purification, enrichment, industrial furnaces, economic feasibility
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Luo, Zixuan, Yang Hu, Huachi Xu, Danhui Gao, and Wenying Li. "Cost-Economic Analysis of Hydrogen for China’s Fuel Cell Transportation Field." Energies 13, no. 24 (December 10, 2020): 6522. http://dx.doi.org/10.3390/en13246522.
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China has become a major market for hydrogen used in fuel cells in the transportation field. It is key to control the cost of hydrogen to open up the Chinese market. The development status and trends of China’s hydrogen fuel industry chain were researched. A hydrogen energy cost model was established in this paper from five aspects: raw material cost, fixed cost of production, hydrogen purification cost, carbon trading cost, and transportation cost. The economic analysis of hydrogen was applied to hydrogen transported in the form of high-pressure hydrogen gas or cryogenic liquid hydrogen and produced by natural gas, coal, and electrolysis of water. It was found that the cost of hydrogen from natural gas and coal is currently lower, while it is greatly affected by the hydrogen purification cost and the carbon trading price. Considering the impact of future production technologies, raw material costs, and rising requirements for sustainable energy development on the hydrogen energy cost, it is recommended to use renewable energy curtailment as a source of electricity and multi-stack system electrolyzers as large-scale electrolysis equipment, in combination with cryogenic liquid hydrogen transportation or on-site hydrogen production. Furthermore, participation in electricity market-oriented transactions, cross-regional transactions, and carbon trading can reduce the cost of hydrogen. These approaches represent the optimal method for obtaining inexpensive hydrogen.
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Zharova, Liubov, and Eremeeva Natalia. "Decarbonization of Ukrainian Economy: Economic and Legal Issues." SHS Web of Conferences 126 (2021): 01003. http://dx.doi.org/10.1051/shsconf/202112601003.
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The research hypothesis is determined by its focus on forming practical proposals for creating a compelling economic and legal mechanism for the decarbonization of the economy. Based on an integrated approach to the regulation of relevant relations. This approach allows us to identify priority areas for the transformation of legal regulation in the context of decarbonization of the economy, which in turn will help lay the legal foundations for the transition to a carbon-free economy. The practical implementation of the study’s scientific results will contribute to implementing the tasks of the Renewed Nationally Defined Contribution of Ukraine to the Paris Agreement. It is planned to pay special attention to the legal aspects of modernization of the coal industry in the context of stimulating the reduction of greenhouse gas emissions. Additional attention was paid to the development of theoretical provisions and practical proposals for the harmonization of state policy in the field of bioenergy, its legal framework with the goals of decarbonization of the energy sector, and ensuring climate neutrality.
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Malykh, O. E., and Yu V. Khodkovskaya. "INFLUENCE OF DIGITAL TECHNOLOGIES ON CAPITALIZATION OF OIL AND GAS BUSINESS." Bulletin USPTU Science education economy Series economy 4, no. 34 (2020): 66–71. http://dx.doi.org/10.17122/2541-8904-2020-4-34-66-71.
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The problems of global economic growth are largely due to factors in the dynamics of the oil and gas sector. New requirements for the quality, quantity and timing of the supply of hydrocarbons create opportunities for the development and increase of the efficiency of the oil and gas business, including the growth of its capitalization. For the oil and gas industry, the digital transformation goes beyond the tactical use of technology, the business model is being transformed by accelerating the spread of innovation and the constant growth of practical efficiency, which significantly changes strategic guidelines. The article presents an analysis of the impact of digital technology on the financial aspects of the oil and gas business. The objective obstacles to its digitalization are described, which can form the basis for developing recommendations for promoting digital technologies in this segment of the economy. The advancement of scientific and technological progress and the automation of many stages of production processes are factors in the possible growth in the capitalization of the oil and gas business. Studies have shown that existing technologies are not always able to facilitate this process. Underfunding of the information and computing infrastructure of companies can become a serious problem on the way to strengthening the financial component of the oil and gas business. In the Russian oil and gas industry, the use of additional digital platforms and innovations is an additional advantage for increasing operating profit. The article discusses the cybersecurity of the oil and gas business based on an integrated approach and the implementation of all aspects of the oil and gas company: information, organizational and technological. A group of cyber defense tools is proposed. A new model of the digital transformation of oil and gas companies is proposed to formulate an action plan for the use of digital technologies, to solve tactical problems and strategic goals of the oil and gas business, to ensure its capitalization growth. It is shown that business capitalization under the influence of digital technologies allows the oil and gas industry to implement the latest achievements in the field of cloud computing, digitalization of oil fields, service-oriented architectures and industrialization, significantly expanding the possibilities of corporate financial management.
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Yatsykovskyy, Bogdan, and Stepan Holubka. "PROGRAM-TARGET PRIORITIES OF ECONOMIC DEVELOPMENT OF THE MINING INDUSTRY OF UKRAINE." Economic Analysis, no. 32(2) (2022): 236–42. http://dx.doi.org/10.35774/econa2022.02.236.
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Introduction. The subject of the research is the рrogram-targeted priorities, relevant for all regions of Ukraine, combine measures to improve mining on an ecological and economic basis, as well as support for research and innovation. The purpose of the article is to substantiate the program-target priorities of economic development of the mining industry of Ukraine with clarification of features for the Dnieper-Donetsk and Western regions. Method (methodology). The theoretical and methodological basis of the study are scientific developments of domestic and foreign scientists related to various issues of development of mining. The following methods were used in the research process: comparative analysis – to study the trends of program-target priorities for the development of the mining industry; systemic approach – to form a coherent approach to ensuring development with the involvement of international capital and intensification of interstate cooperation in the context of sustainable development and transformation of the national economy. Results. It is proposed to distribute program-target priorities for the development of the mining industry, which are relevant for all regions of Ukraine and with a specification for its main oil and gas regions. In substantiating the problematic aspects of the development of the mining industry of the Western region, the urgency of private economic priorities, expressed in the need for privatization, the formation of cluster associations, creating conditions for various forms of public control. It was determined that security priorities for economic resuscitation, eco-modernization priorities for reclamation, modernization of the industry and retraining of laid-off workers, as well as European integration priorities with international capital and intensification of interstate cooperation should dominate the Dnipro-Donetsk region. It was found that the European vector of economic integration of the mining industry of the Dnieper-Donetsk region allows to use the benefits of European policy in the field of critical raw materials, implement progressive management practices to reduce raw material dependence through circulating resource use, environmentally friendly products and innovations. for industrial ecosystems, increasing the use of domestic sources of raw materials and diversifying supplies from different countries.
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Shvechihin, D. V., and M. A. Sheikina. "Improving the efficiency, safety and manageability of oil transportation processes." Vestnik Universiteta, no. 3 (May 2, 2022): 84–89. http://dx.doi.org/10.26425/1816-4277-2022-3-84-89.
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The article is devoted to the analysis of the main opportunities for the digital transformation of an oil company, which are based on improving the efficiency, safety and controllability of production processes, obtaining additional economic benefits, and achieving leadership in terms of innovation. For the development and success of an oil and gas company, it is necessary to introduce measures to increase its economic growth, sustainability and competitiveness in the market. A key component of a business transformation strategy is digital transformation. The authors analysed the challenges for the digital transformation of the oil and gas industry: changing the importance of oil as an energy source, changing the market, business conditions, technology development, and environmental and social factors. The strategic directions for the development of digital transformation are considered and the main aspects of its roadmap are presented. The key success factors for the digital transformation of an oil company are identified.
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Tran Vu Tung, Tran Ngoc Trung, Ngo Huu Hai, and Nguyen Thanh Tinh. "Digital transformation in oil and gas companies - A case study of Bien Dong POC." Petrovietnam Journal 10 (October 30, 2020): 67–78. http://dx.doi.org/10.47800/pvj.2020.10-07.
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The fourth industrial revolution (Industry 4.0) with the breakthrough of internet and artificial intelligence has had a strong impact, changing all aspects of global socio-economic life. Digital transformation in the spread of Industry 4.0 is no longer a choice but has become an inevitable development trend for businesses to truly stand up to the times. Digital transformation is the transformation of business activities, processes, products, and models to fully leverage the opportunities of digital technologies, characterised by development, growth, innovation, and disruption. In particular, "digital disruption" is the situation when new technology competes with the traditional business way that we now often refer to under the concepts of cloud computing, big data, and internet of things (IoT). This competition will help businesses utilise digitised data and processes to create a new model that is more efficient and convenient. Digital technologies in oil and gas companies can have a significant business impact as it contributes to increasing hydrocarbon recovery, ensuring safety across the business ecosystem, and improving operational reliability. This paper addresses the oil and gas industry’s trends in digital transformation and the initiatives at Bien Dong POC.
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Zioło, Magdalena, Piotr Niedzielski, Ewa Kuzionko-Ochrymiuk, Jacek Marcinkiewicz, Katarzyna Łobacz, Krzysztof Dyl, and Renata Szanter. "E-Government Development in European Countries: Socio-Economic and Environmental Aspects." Energies 15, no. 23 (November 24, 2022): 8870. http://dx.doi.org/10.3390/en15238870.
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The purpose of the paper is to analyse the relationship between digitalisation of public services (e-government) and ESG factors (environmental, social and economic factors). As public administration is a major stakeholder influencing sustainable development and state governments are aiming to digitise their services, there is a need to better understand the effect of the digital revolution on ESG. This article aims to study the relationship between the E-Government Development Index (EGDI) and ESG factors in 26 European countries. The linear ordering method TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) was used for the study, followed by the Perkal index and the method of optimal predictors’ selection—the Hellwig method. The study is based on the Eurostat data (in the period 2003–2020), and the analysis includes ten variables: Share of environmental taxes in GDP; Exposure to dust air pollution; Greenhouse gas emissions by source sector—carbon dioxide, methane, nitrous oxide, etc. (energy, industry, agriculture, forestry, waste management) (thousands of tonnes); Passenger transport volume in relation to GDP; At risk of poverty or social exclusion; Percentage of people satisfied with their financial situation among people aged 16+; Share of the ICT sector in GDP; Unemployment rate of people aged 20–64; Research and development expenditure in all sectors; GDP per capita. The in-depth analysis offers a matrix that represents the relationships between environmental taxes and the development of e-government. The main finding reveals statistically significant relationships between the EGDI and aggregate variables representing the environmental, social and economic spheres. It indicates a genuine, positive impact of digitalised administrative processes on sustainable development. It also seems to confirm that investments in digital infrastructure and government e-services bring multiple long-term benefits and contribute directly to all three domains relevant to the sustainability of modern development. The results of the analysis can be found useful by governments and governmental institutions as informing digitalisation strategies aimed at balancing the development of e-services and their support infrastructure. Nowadays, when planning strategic actions, one should take into account the social, economic and environmental impact of the digitalisation processes.
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Stoicescu, Maria, and Eugen Mihail Ionescu. "ROMANIAN ACHIEVEMENTS IN PETROLEUM INDUSTRY." CBU International Conference Proceedings 2 (July 1, 2014): 134–41. http://dx.doi.org/10.12955/cbup.v2.456.
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Petroleum has been and still remains, in equal measure, a friend and an enemy to humanity: a friend for its use in numerous applications over the years, from the lubrication of cart axles to jet fuel; an enemy for creating permanent conflicts between countries, leading to a global conflagration. This layout has perpetuated for over two millennia, until today.The problem of petroleum has a multitude of aspects: economic, political, financial, social, military, legislative and, last but not least, scientific and technical. It has taken a share of sacrifices, which may not be overlooked, to be rightfully called “black gold.” Subject to continuous development, petroleum is still indispensable to our quotidian life, although attempts have been made to replace it with alternative energy sources due to its negative effects on the planet, which are increasingly visible.The present state of petroleum industry is the result of a continuous labor of many generations of researchers, professors, engineers, technicians, foremen, and workers, especially from petroleum producing countries. Romania is one of the first petroleum producers and ranked first in Europe and among the first nations worldwide until the end of the 19th century. During the 20th century, a large number of oil and gas reservoirs were discovered in many countries on all continents; even today Romania still remains an important producer with encouraging perspectives.Romanian contributions to the progress of petroleum industry are noticeable, being appreciated and implemented by the major companies worldwide. This work intends to present just several of these contributions, some of which are highlighted and highly regarded.
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Myronenko, Mark, Olena Polova, Anatolii Prylutskyi, and Olga Smoglo. "Financial and economic aspects of bioenergy development in the context of providing energy independence of Ukraine." Problems and Perspectives in Management 15, no. 4 (December 25, 2017): 243–53. http://dx.doi.org/10.21511/ppm.15(4-1).2017.08.
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The article deals with financial and economic meaning of bioenergy as an important component of the country’s energy security. The problem of transition to renewable energy sources, in particular biofuels, was investigated. The relevance of research is that biofuels can fully replace traditional energy resources, increase the level of economic efficiency of production and competitiveness of national economy, as well as reduce amount of harmful emissions into the environment. The purpose of research is to study and develop theoretical and practical principles of financial and economic development of bioenergy and its role in ensuring energy independence of Ukraine. In the context of financial and economic crisis and political instability, the development of bioenergy industry is of priority in dealing with main social and economic problems. One of the main aspects of bioenergy development is states’ concern and use of targeted state funding. Moreover, other perspective ways to implement bioenergy technologies in Ukraine are public private partnership and attraction of foreign direct investments. Economic assessment of different ways of full or partial replacement of natural gas has shown that they can be supplied with biomass, while the total capacity of introduced objects according to the bioenergy development program can save natural energy resources. According to the formula of the method of average medium, the forecast of optimistic and pessimistic scenario of energy potential development is developed. Energy independence of Ukraine can be ensured through effective implementation of alternative energy with full state support, which will lead to acceleration of economic development of the territories, increasing level of life of people and environmental security of the country.
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Kryukov, V. A., and A. N. Tokarev. "Creation of Conditions for the Development of Hard-to-Recover Oil Reserves: Regional Aspects." Economy of Region 18, no. 3 (2022): 755–69. http://dx.doi.org/10.17059/ekon.reg.2022-3-10.
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Russia has great potential in terms of developing hard-to-recover oil reserves (HRR), which account for more than two thirds of the total reserves. However, relevant scientific studies mostly focus on geological and technical problems, while the issues of creating conditions for the effective development of HRR are often limited to recommendations for tax incentives. At the same time, little attention is paid to the problems of creating institutional conditions aimed at transforming the resource potential into real socio-economic effects. The interests of resource regions are also not taken into consideration. In this regard, the present study assesses potential socio-economic effects of the development of HRR at the regional level (on the case of Khanty-Mansi Autonomous Okrug — Yugra, KhMAO) and provides recommendations to create institutional conditions for the development of such resources. In order to establish an approach for analysing potential socio-economic effects from the implementation of HRR development projects, methods for evaluating investment projects and examining inter-industry relations were utilised. Dynamics of socio-economic development indicators of KhMAO, production projections of hard-to-recover oil reserves, as well as available technical and economic parameters of HRR development projects in Russia and abroad were considered. The calculations show that the development of hard-to-recover oil reserves will help stabilise production volumes in KhMAO and generate significant direct and indirect effects associated with tax revenues increase, maintenance of related industries and employment. The study results can be used to develop strategic documents for oil and gas regions. Future research will analyse interregional relationships aimed at ensuring the extraction of hard-to-recover oil using innovative equipment, and providing high-tech services.
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Gaudencio, Lucia Maria de Araujo Lima, Rui de Oliveira, and Wilson Fadlo Curi. "Construction of a sustainability indicators system for offshore oil and gas production units." Revista de Gestão Costeira Integrada 21, no. 3 (September 2021): 147–61. http://dx.doi.org/10.5894/rgci-n353.
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Production units located in the Brazilian marine environment are responsible for the production of 95.7% of oil and 78.8% of natural gas of Brazil causing economic, environmental, and social impacts motivating us to construct a system of indicators as a tool aimed to improve the sustainable management practice of these production units. To date, one of the tools most used by the oil industry is the sustainability report, oriented by guidelines from international organizations. However, these reports have a corporate character being unable to help the sustainability management of production units’ activities. The indicators were selected based on a systemic approach, using current knowledge on sustainability indicators, together with the survey of aspects relevant to the operation and management of offshore oil and gas production units. This paper describes the proposed indicators and presents the hierarchical structure of the system, built on the economic, environmental, social, and operational dimensions. The application of the proposed system of indicators, based on multicriterial and multiple decision-making analyses, validates a complex decision process, providing improved sustainable management of offshore production units by identifying points for which the necessary measures and actions can be implemented. Keywords: offshore oil and gas production; sustainability indicators; multicriteria and multiple decision-making analyses.
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Arvidsson Segerkvist, Katarina, Helena Hansson, Ulf Sonesson, and Stefan Gunnarsson. "Research on Environmental, Economic, and Social Sustainability in Dairy Farming: A Systematic Mapping of Current Literature." Sustainability 12, no. 14 (July 8, 2020): 5502. http://dx.doi.org/10.3390/su12145502.
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Dairy cows are able to convert fibrous materials, such as grass, roughage, and by-products from the food industry, into milk and meat, which justifies their role in food production. However, modern dairy farming is associated with major sustainability challenges, including greenhouse gas emissions. In order to develop sustainable future production, it is important to implement existing knowledge and fill knowledge gaps. The aim of this study was to systematically map the scientific literature on environmental, economic, and social sustainability at farm level in dairy farming. Literature published between January 2000 and March 2020 and with the geographical focus on Europe, North America, and Australia–New Zealand was included. In total, the literature search resulted in 169 hits, but after removing duplicates and papers outside the study scope only 35 papers remained. Of these, only 11 dealt with the three dimensions of sustainability, and several of these only mentioned one or two of the dimensions or set them in relation to that/those actually studied. Overall, the selected literature did not clearly explain how aspects of sustainability are interlinked, so possible negative or positive interactions between different aspects of sustainability dimensions remain unidentified.
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Handaya, Handaya, Herry Susanto, Dikky Indrawan, and Marimin Marimin. "Key Aspects of Palm Kernel Shell Supply Chain for Industrial Renewable Energy Applications." International Journal of Renewable Energy Development 11, no. 2 (February 4, 2022): 481–90. http://dx.doi.org/10.14710/ijred.2022.41971.
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Depleting stockpile of fossil fuels and rising global temperature due to the greenhouse effect are probably the two most threatening factors to civilization sustainability. Converting biomass into a readily available energy source will help reduce dependency on fossil fuels, whilst at the same time moderating greenhouse gas emmissions due to its carbon neutrality. Palm oil industry is the largest source of biomass in Indonesia and the available quantity to be utilized is growing inline with the steady growth of the generating industry. Among various wastes from palm oil processing, palm kernel shell is an oil palm biomass with high potential to be applied as a source of energy, given its high caloric value and distinctive physical properties. This source of renewable energy can be utilized by industries with thermal conversion processes. As a prerequisite, a feasibility study on technical, environmental, and economic aspects needs to be carried out. From long term perspective, supply, demand, and regulatory situational analysis will also be required. Lastly, a review on the existing palm kernel shell supply chain will help to understand its current situation. Based on literature studies and field observations, we have identified supply and demand characteristics that will be valuable in constructing an effective, efficient, and sustainable supply chain model of palm kernel shell. Understanding these characteristics is a precursor in realizing this massive potential of renewable energy source in the industrial context.
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Pakenham, Benjamin, Anna Ermakova, and Ali Mehmanparast. "A Review of Life Extension Strategies for Offshore Wind Farms Using Techno-Economic Assessments." Energies 14, no. 7 (March 31, 2021): 1936. http://dx.doi.org/10.3390/en14071936.
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The aim of this study is to look into the current information surrounding decommissioning and life extension strategies in the offshore wind sector and critically assess them to make informed decisions upon completion of the initial design life in offshore wind farms. This was done through a two-pronged approach by looking into the technical aspects through comprehensive discussions with industrial specialists in the field and also looking into similar but more mature industries such as the Offshore Oil and Gas sector. For the financial side of the assessment, a financial model was constructed to help portray a possible outcome to extend the life for a current offshore wind farm, using the existing data. By employing a techno-economic approach for critical assessment of life extension strategies, this study demonstrates the advantages and disadvantages of each strategy and looks to inform the offshore wind industry the best course of action for current wind farms, depending on their size and age.
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Rybin, M. V., and D. S. Lobov. "Theoretical and practical aspects of assessment of innovative activity in oil and gas enterprises." Russian Journal of Industrial Economics 13, no. 4 (December 20, 2020): 531–40. http://dx.doi.org/10.17073/2072-1634-2020-4-531-540.
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Analysis of theoretical and practical aspects of assessment of innovative activity at national and foreign oil and gas enterprises revealed the necessity of improvement of the existing tools which include the lists of key indicators of efficiency and performance applied within the innovative development programs of the Russian companies. Thereby the authors analyzed national and foreign research paying the most serious attention to theoretical aspects of innovative activity assessment. Among them of greatest interest is the complex approach to application of metrics in scientific and technical development of a company. The authors have also studied the conceptual apparatus and the main terms for the problems under consideration. As a result, the research confirmed the idea that the practice of applying the lists of key indicators of innovative activity in oil and gas industry does not coincide with the results of academic works and the innovative management theory: the current methods are primarily aimed at assessment of the results of innovative activity, several stages of the life cycle of creation of innovation are not subject to monitoring. At the same time lists of key indicators of innovative activity make it possible for the company’s management to estimate economic and resource effects of innovations which corresponds to strategic interests of oil and gas companies.Lists of indicators of efficiency and performance of innovative activity can be improved by means of national and foreign research. It is important to involve more metrics which make it possible to monitor all the life cycle of creation and implementation of innovative solutions.The results of the study can be used as the basis for further research on improvement and development of the lists of key indicators of innovative activity of oil and gas companies.