Sustainable Development in the Oil and Gas Industry

2004 ◽  
Vol 126 (1) ◽  
pp. 1-5 ◽  
Author(s):  
Lyn Arscott
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

Using a Risk-Based Approach in Preparation of Corporate Sustainability Reporting by Oil and Gas Companies

Auditor ◽  
2021 ◽  
pp. 46-53
Author(s):  
Thi Lok Doan
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Oil And Gas Industry ◽  
Public Companies ◽  
Gas Industry ◽  
Corporate Reporting ◽  
Oil And Gas Companies

The article presents the author’s approach to the formation of corporate reporting of public companies using the example of the oil and gas industry. The key risks of sustainable development are disclosed that correspond to the interests of various significant groups of the company’s stakeholders. The approbation results of a typical corporate reporting model for oil and gas companies in the Petrolimex report (Vietnam) are presented.

scholarly journals Issues Impacting Sustainability in the Oil and Gas Industry

2015 ◽  
Vol 5 (4) ◽  
pp. 115
Author(s):  
Mohamad Danish Anis ◽  
Tauseef Zia Siddiqui
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Economic Feasibility ◽  
Growth Potential ◽  
Rational Approach ◽  
Development Economic ◽  
Bottom Line ◽  
Gas Industry ◽  
Key Issues

<p>This research paper explores the concept of sustainability and the role played by O&amp;G industry in achieving sustainable development. The authors bring a rational approach in defining the key issues for the O&amp;G sector that affect sustainability as well as try to devise the inherent risks as well as mitigation approaches adopted by these companies. Sustainability is a topic gaining fast repute today. As new conventional oil and gas sources decline, unconventional sources, including shale gas in the US, oil sands in Canada, coal seam gas in Australia, and deep-water offshore wells in Brazil, West Africa and Asia have been identified as key areas with significant reserves potential. Despite the growth potential, sustainability risks such as climate change, safety risks, and community disagreements exert pressure on the economic feasibility of these opportunities.</p><p>The three components of sustainable development: economic, environmental and social, often referred to as the ‘Triple Bottom Line’ or TBL, can be used in evaluating a company’s performance in financial, environmental and social dimensions. These three dimensions of sustainable development, as explained by John Elkington and adopted by Shell’s first sustainability report in 1997, are also commonly referred to as the 3Ps: People, Planet and Profit.</p><p>The paper also focuses on analyzing the various threats that could obstruct sustainable development being carried out by companies in the oil and gas industry. The importance of sustainable economic growth with regards to the oil and gas industry has also been highlighted. The 3Ps explained above can be used to categorize the key issues/risks that impact sustainability. The researchers concluded that the sustainability programs followed by oil and gas industry are not satisfactory; however there is strong evidence of improvement in near future. Towards the end, the researchers have tried to list the Strategies and Methodologies for enhancing the effectiveness of sustainability strategies and programs for the sector.</p>

scholarly journals The Concept of Sustainable Development of the Oil and Gas Sector as One of the Subsystems of Noonomics

2020 ◽  
Vol 6 (4) ◽  
pp. 278-286
Author(s):  
A. S. Fomenko
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Time Factors ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Oil Refining ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Oil Companies ◽  
Oil And Gas Sector

This work is devoted to the study of a new way of development of the oil and gas industry, which is due to the influence of many factors of our time. Factors such as limited resources, an increase in the anthropogenic and technological load on the environment, and the risks associated with the complexity of the oil refining process itself, require a fundamentally different solution, which is fully provided by noonomics. It is shown that sustainable development based on the principles of noonomics reduces the role and significance of material factors in the production process of vertically integrated oil companies and the oil and gas industry as a whole, highlighting scientificand technological progress in oil and gas production and their processing.

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