Sustainable Development of Oil and Gas Potential of the Arctic and Its Shelf Zone: The Role of Innovations

Dmitrieva, D.D; Romasheva, Natalia

doi:10.3390/jmse8121003

Cited by 49 publications

(30 citation statements)

References 37 publications

(66 reference statements)

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“…The strategic management and planning system should contribute to the survival and economic development of complex SBUs in the Arctic, ensuring their ecological balance and social orientation in a highly unpredictable environment. In the near future, sustainability will be more present and obligatory [84,85].…”

Section: Transformation Of Strategic Management and Planning Systems Of Oil And Gas Companies: Key Aspectsmentioning

confidence: 99%

The Future of Energy and the Case of the Arctic Offshore: The Role of Strategic Management

Carayannis

Ilinova

Cherepovitsyn

2021

JMSE

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As risk and uncertainty factors have become more prominent in the already volatile energy market because of the COVID-19 pandemic, the development of Arctic hydrocarbon resources has become a debatable issue. At any rate, oil and gas companies need to improve their strategic management systems (along with the development of technologies) for the successful implementation of such complex projects. The purpose of this study was to propose the conceptual basis for transforming strategic management and planning systems of oil and gas companies so that they can successfully face global challenges when implementing offshore oil and gas projects in the Arctic as well as provide more sustainable energy sources. The article discusses the current situation with Arctic initiatives and the results of an analysis of price instability in the energy sector, along with an analysis of several megatrends affecting oil and gas companies. All this allows for presenting a conceptual vision of how a strategic management system should be transformed in order to become able to meet the requirements for implementing Arctic projects, with the emphasis being placed on sustainability, management requirements, and the key principles. The research is based on the fundamentals of strategic management and strategic planning and relies on methods such as desk study, content analysis, event analysis, comparative analysis, and factor analysis.

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Section: Transformation Of Strategic Management and Planning Systems Of Oil And Gas Companies: Key Aspectsmentioning

confidence: 99%

The Future of Energy and the Case of the Arctic Offshore: The Role of Strategic Management

Carayannis

Ilinova

Cherepovitsyn

2021

JMSE

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“…About 60% of the territory of the Russian Federation is in the permafrost zone with major mineral reserves in it, as shown in Figure 2 [21][22][23][24][25][26]. One of the important tasks of ensuring sustainable functioning of facilities in the Arctic zone of the Russian Federation is to prevent defrosting and thawing of permafrost [27,28].…”

Section: Rising Global Sea Levels and Risk To Infrustructurementioning

confidence: 99%

Ensuring the Sustainability of Arctic Industrial Facilities under Conditions of Global Climate Change

et al. 2021

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Global climate change poses a challenge to the mineral development industry in the Arctic regions. Civil and industrial buildings designed and constructed without consideration of warming factors are beginning to collapse due to changes in the permafrost structure. St. Petersburg Mining University is developing technical and technological solutions for the construction of remote Arctic facilities and a methodology for their design based on physical and mathematical predictive modeling. The article presents the results of modeling the thermal regimes of permafrost soils in conditions of thermal influence of piles and proposes measures that allow a timely response to the loss of bearing capacity of piles. Designing pile foundations following the methodology proposed in the article to reduce the risks from global climate change will ensure the stability of remote Arctic facilities located in the zone of permafrost spreading.

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“…Technological innovations are recognized as the most important tool for sustainable development [99,100], especially in the field of resource extraction [101]. The role of innovation is significant for the sustainable development of the oil and gas potential of the Arctic and its offshore hydrocarbon fields [102].…”

Section: Innovative Sustainability Of the Development Of Oil And Gas Resources In The Arcticmentioning

confidence: 99%

Sustainable Development of Oil and Gas Resources: A System of Environmental, Socio-Economic, and Innovation Indicators

Cherepovitsyn

Rutenko

Solovyova

2021

JMSE

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Following the principles of sustainable development in the development of oil and gas fields in the Arctic will ensure that hydrocarbon production and transportation operations comply with stringent environmental regulations, the economies of the northern regions become integrated into the national economy of Russia, production systems in the oil and gas sector are upgraded in an innovative manner, and further development of this region is balanced from the environmental perspective. The purpose of the study is to develop and provide a rationale for a balanced system of environmental, socio-economic, and innovative indicators for assessing whether the development of the Arctic’s unique hydrocarbon reserves is sustainable. The theoretical framework of the study draws upon the foundations and key principles of the sustainable development concept and upon modern approaches and methods for assessing the sustainability of production systems. The study presents an analysis of conceptual approaches to defining sustainable development in reference to oil and gas resources, including those found in the Arctic, defines target priorities for the sustainable development of the Arctic’s resource potential, and identifies the relationship between the environmental, socio-economic, and innovative domains of sustainability in the context of Arctic resource development. The results of the study demonstrate how large-scale gas projects can influence regional development and provide for making informed conclusions about whether the development of the Arctic’s oil and gas reserves can be considered sustainable (in accordance with the basic principles of the sustainable development concept).

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Sustainable Development of Oil and Gas Potential of the Arctic and Its Shelf Zone: The Role of Innovations

Cited by 49 publications

References 37 publications

The Future of Energy and the Case of the Arctic Offshore: The Role of Strategic Management

The Future of Energy and the Case of the Arctic Offshore: The Role of Strategic Management

Ensuring the Sustainability of Arctic Industrial Facilities under Conditions of Global Climate Change

Sustainable Development of Oil and Gas Resources: A System of Environmental, Socio-Economic, and Innovation Indicators

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