Strategic Priorities for Green Diversification of Oil and Gas Companies

Cherepovitsyn, Alexey; Rutenko, Evgeniya

doi:10.3390/en16134985

Cited by 9 publications

(5 citation statements)

References 69 publications

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“…With the objective of supporting decision-makers in understanding the opportunities and challenges of a net-zero economy, evaluations of strategies to decarbonise the oil and gas industry have become crucial [49,50]. In the recent literature, Khorasani et al [51] identified 14 strategies from the literature to decarbonise different functions of oil and natural gas supply chains.…”

Section: Scope and Review Methodologymentioning

confidence: 99%

“…In the recent literature, Khorasani et al [51] identified 14 strategies from the literature to decarbonise different functions of oil and natural gas supply chains. Cherepovitsyn [50] expanded the theoretical discussion on green diversification processes in the oil and gas industry and elaborated on the feasibility of implementing renewables. Most recently, a systematic review by de Queiroz et al [49] identified the energy transition constraints prioritised by industry.…”

Section: Scope and Review Methodologymentioning

confidence: 99%

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Current and Future Role of Natural Gas Supply Chains in the Transition to a Low-Carbon Hydrogen Economy: A Comprehensive Review on Integrated Natural Gas Supply Chain Optimisation Models

Yusuf,

Al-Ansari

2023

Energies

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Natural gas is the most growing fossil fuel due to its environmental advantages. For the economical transportation of natural gas to distant markets, physical (i.e., liquefaction and compression) or chemical (i.e., direct and indirect) monetisation options must be considered to reduce volume and meet the demand of different markets. Planning natural gas supply chains is a complex problem in today’s turbulent markets, especially considering the uncertainties associated with final market demand and competition with emerging renewable and hydrogen energies. This review study evaluates the latest research on mathematical programming (i.e., MILP and MINLP) as a decision-making tool for designing and planning natural gas supply chains under different planning horizons. The first part of this study assesses the status of existing natural gas infrastructures by addressing readily available natural monetisation options, quantitative tools for selecting monetisation options, and single-state and multistate natural gas supply chain optimisation models. The second part investigates hydrogen as a potential energy carrier for integration with natural gas supply chains, carbon capture utilisation, and storage technologies. This integration is foreseen to decarbonise systems, diversify the product portfolio, and fill the gap between current supply chains and the future market need of cleaner energy commodities. Since natural gas markets are turbulent and hydrogen energy has the potential to replace fossil fuels in the future, addressing stochastic conditions and demand uncertainty is vital to hedge against risks through designing a responsive supply chain in the project’s early design stages. Hence, hydrogen supply chain optimisation studies and the latest works on hydrogen–natural gas supply chain optimisation were reviewed under deterministic and stochastic conditions. Only quantitative mathematical models for supply chain optimisation, including linear and nonlinear programming models, were considered in this study to evaluate the effectiveness of each proposed approach.

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Section: Scope and Review Methodologymentioning

confidence: 99%

Section: Scope and Review Methodologymentioning

confidence: 99%

Current and Future Role of Natural Gas Supply Chains in the Transition to a Low-Carbon Hydrogen Economy: A Comprehensive Review on Integrated Natural Gas Supply Chain Optimisation Models

Yusuf,

Al-Ansari

2023

Energies

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“…These are due to the lack of a unified methodological approach to evaluate the impact on the efficiency and competitive capacity of companies. Global crises in the international energy market and a reduction in the importance of oil and gas resources in the energy balance are the reasons that stimulate companies to diversify their asset portfolios [15].…”

Section: The Effect Of Green Finance On the Energy Transition Of Oil ...mentioning

confidence: 99%

Economic Strategy for Developing the Oil Industry in Mexico by Incorporating Environmental Factors

Semenova,

Martínez Santoyo

2023

Sustainability

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This article presents a methodological approach that can more effectively solve environmental problems related to the activities of oil companies. Traditionally, environmental factors have been seen as merely an additional cost that obstructs economic development. The contribution of the authors’ approach lies in the fact that it substantiates the need and the possibility to increase the potential for the functioning and development of the country, for the case of Mexico, while considering environmental factors on a scientific basis. This study proposes a methodology and, therefore, the selection of a strategy for the development of Mexico’s oil industry, ensuring an increase in its environmental and economic efficiency and the sustainability of its territorial functioning and development. The methodology presented in this article develops the concept of sub-potentials, which include the sub-potentials of reproduction, protection, management and development, and reserve. Sub-potentials, particularly the protection sub-potential, integrate environmental components. Neglecting environmental factors leads to an increase in the sub-potentials of the threat and deterrence. Environmental factors are analyzed as a part of a unified strategy for the development of the country, when presenting the formation of a comprehensive system of indicators using management guidelines and a three-dimensional assessment of the criteria for the development of the country’s oil and gas sector. The consequence of using this methodology is the integration of the environmental component of the development in the oil and gas sector into the country’s unified socio-economic strategy. This can effectively solve environmental problems and achieve socio-economic development goals. Consequently, incorporating the environmental aspect based on the proposed methodology permits the effective utilization of society’s limited resources. The application of this systematic approach, encompassing all levels of sustainable strategic development—the oil company, the industry, and the country—also yields additional synergies.

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“…Thus, the rational use of fuel by optimizing its composition while improving the design of vehicles is an urgent task and is of considerable theoretical and practical importance, and improving fuel quality is an important national task (17,18).…”

Section: Introductionmentioning

confidence: 99%

Integral Assessment of Influence Mechanism of Heavy Particle Generator on Hydrocarbon Composition of Vehicles Motor Fuel

Safiullin,

Sorokin

et al. 2024

IJE

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This article presents the results of engine and laboratory tests with fuel before and after treatment with a heavy particle generator. The results of the research have shown that in the course of conducted research the impact of heavy particle generator on fuel during engine tests leads to an increase in its detonation resistance and a reduction in fuel consumption (up to 15%), as well as significantly improves the environmental performance of the engine. The reduction in concentration of carbon monoxide (CO) from 0.09% to 0.03%, carbon dioxide -by 6% and nitrogen oxides -by 7%. The results of research of hydrocarbon composition of fuels by GC-MS method have shown that the impact of heavy particles generator have a favorable effect on the octane number of gasoline, as well as low-temperature properties of diesel fuel. The change of engine operation parameters after the impact of heavy particles generator is established. The change can occur as a result of complex influence on fuel and engine systems, and as a result of influence on a single factor, which is the root cause of the subsequent change of parameters.

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Strategic Priorities for Green Diversification of Oil and Gas Companies

Cited by 9 publications

References 69 publications

Current and Future Role of Natural Gas Supply Chains in the Transition to a Low-Carbon Hydrogen Economy: A Comprehensive Review on Integrated Natural Gas Supply Chain Optimisation Models

Current and Future Role of Natural Gas Supply Chains in the Transition to a Low-Carbon Hydrogen Economy: A Comprehensive Review on Integrated Natural Gas Supply Chain Optimisation Models

Economic Strategy for Developing the Oil Industry in Mexico by Incorporating Environmental Factors

Integral Assessment of Influence Mechanism of Heavy Particle Generator on Hydrocarbon Composition of Vehicles Motor Fuel

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