Shaping the Eurasian Gas Market: The Geopolitics of Energy Market Regulation

Boute, Anatole

doi:10.1080/14650045.2022.2094778

Cited by 5 publications

(2 citation statements)

References 90 publications

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“…This is particularly evident in regions where oil and gas operations intersect with marginalized communities or regions with historical socio-economic disparities. The oil and gas industry operates within a complex regulatory environment characterized by evolving regulations, policies, and geopolitical dynamics (Boute, 2023). Regulatory uncertainties and market volatility pose challenges for stakeholders, including oil and gas companies, governments, and communities, in terms of planning, investment, and decisionmaking.…”

Section: Theoretical Framework Of Stakeholder Relationship Managementmentioning

confidence: 99%

EFFECTIVE STAKEHOLDER RELATIONSHIP MANAGEMENT IN THE OIL & GAS SECTOR: A CONCEPTUAL AND REVIEW PERSPECTIVE

Stella Emeka-Okoli,

Tochukwu Chinwuba Nwankwo,

Christiana Adanma Otonnah

et al. 2024

Financ. account. res. j.

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Effective stakeholder relationship management (SRM) is imperative for the sustainable operation of companies within the oil and gas sector. This review provides a conceptual framework and review perspective on the strategies, challenges, and outcomes associated with SRM in this industry. The oil and gas sector operates within a complex web of stakeholders including governments, local communities, investors, employees, suppliers, and environmental organizations. Building and maintaining positive relationships with these stakeholders are essential for securing operational licenses, maintaining social license to operate, and fostering a conducive environment for business continuity. Drawing from existing literature, this review elucidates the key components of effective SRM in the oil and gas sector. Firstly, proactive engagement and communication emerge as fundamental strategies. Companies need to identify stakeholders, understand their interests and concerns, and engage with them transparently and consistently throughout project lifecycles. Secondly, fostering mutual value creation is crucial. Companies must seek win-win solutions that align their business objectives with stakeholders’ interests, thereby promoting long-term partnerships and trust. Thirdly, robust grievance mechanisms are necessary to address conflicts and grievances promptly and fairly, preventing escalation into legal or reputational crises. Despite its importance, SRM in the oil and gas sector faces several challenges. These include inherent power imbalances between companies and stakeholders, socio-political tensions in resource-rich regions, and the dynamic nature of stakeholder expectations. Additionally, the sector operates in a volatile market environment characterized by fluctuating oil prices and regulatory uncertainties, further complicating SRM efforts. The outcomes of effective SRM in the oil and gas sector are multifaceted. Beyond mitigating operational risks and enhancing reputational capital, it contributes to fostering social license to operate, facilitating access to capital and talent, and promoting sustainable development in host communities. Effective SRM in the oil and gas sector requires a proactive, value-driven, and adaptive approach. By integrating stakeholder considerations into strategic decision-making processes, companies can navigate complex socio-political landscapes, mitigate risks, and create shared value for all stakeholders involved. Keywords: Management, Oil and Gas, Conceptual, Perspective, Relationship.

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Section: Theoretical Framework Of Stakeholder Relationship Managementmentioning

confidence: 99%

EFFECTIVE STAKEHOLDER RELATIONSHIP MANAGEMENT IN THE OIL & GAS SECTOR: A CONCEPTUAL AND REVIEW PERSPECTIVE

Stella Emeka-Okoli,

Tochukwu Chinwuba Nwankwo,

Christiana Adanma Otonnah

et al. 2024

Financ. account. res. j.

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“…In the meantime, there is decline in US interests in the Middle East and Afghanistan, for which the South Caucasus served as a bridge. Finally, the US might gradually lose its interest towards Caspian gas as it is striving to sell its own resources to Europe (Ellyatt 2019;Boute 2022).…”

Section: Scenario 3: Us Leaves the South Caucasusmentioning

confidence: 99%

The US, Strategic Environment in the South Caucasus and Armenia: A Sight on the Future

Elamiryan

2022

J. Pol. Sci.

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The political, economic and geopolitical presence of the United States in the South Caucasus dates back at least a century, when, after the First World War, they emerged as a global political, economic and geopolitical actor. Cooperation has increased dramatically since 1991, when the three countries gained independence after the collapse of the Soviet Union. From this perspective, the article focuses on identifying core US interests in Eurasia and attempting to define US strategic interests and priorities with respect to the region. In this sense, the main research question is how the US relations with the South Caucasus and in particular with Armenia will look like in the future, especially within the current stage of the Ukrainian conflict that began after February 2022. The article simulates and tests four scenarios for future US engagement with the South Caucasus. Based on these scenarios, it is argued that, despite the lack of strategic interests in the region, the Ukrainian conflict prompted the US to increase its presence in the South Caucasus. This study is based on strategic documents, including the US National Security Strategy (2017), the Interim National Security Strategic Guidance of 2021, other white papers, reports, and studies of US foreign policy priorities.

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Exploring Opportunities and Limitations of Kazakhstan’s Multilateral and Bilateral Cooperation in Renewable Energy within Central Asia: A Comprehensive Analysis

Baisalbek,

Hor,

Kukeyeva

et al. 2024

East Asia

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Shaping the Eurasian Gas Market: The Geopolitics of Energy Market Regulation

Cited by 5 publications

References 90 publications

EFFECTIVE STAKEHOLDER RELATIONSHIP MANAGEMENT IN THE OIL & GAS SECTOR: A CONCEPTUAL AND REVIEW PERSPECTIVE

EFFECTIVE STAKEHOLDER RELATIONSHIP MANAGEMENT IN THE OIL & GAS SECTOR: A CONCEPTUAL AND REVIEW PERSPECTIVE

The US, Strategic Environment in the South Caucasus and Armenia: A Sight on the Future

Exploring Opportunities and Limitations of Kazakhstan’s Multilateral and Bilateral Cooperation in Renewable Energy within Central Asia: A Comprehensive Analysis

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