Strategic Sustainability of Offshore Arctic Oil and Gas Projects: Definition, Principles, and Conceptual Framework
Journal of Marine Science and Engineering
; 10(1):23, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1631752
ABSTRACT
Exploitation of oil and gas resources in the Arctic offshore is one of Russia’s key priorities in such areas as science, economy, and technology. Global trends, harsh climate conditions, fragile ecosystems, conditions of the pandemic and post-pandemic periods, price volatility, and the growing importance of the environmental factor require that the process of developing the Arctic’s hydrocarbon resources should become strategically sustainable. The paper provides a deep literature review on sustainability issues, sustainable development, strategic sustainability, and project efficiency in the Arctic offshore oil and gas sector. The paper analyzes the trends and conditions that substantiate the need to transform the traditional sustainability concept to meet new challenges and comply with new policies. Based on the analysis, the authors propose a definition of and a conceptual framework for strategic sustainability of oil and gas offshore projects in the Arctic.
Earth, Sciences--Oceanography; strategic, sustainability; oil, and, gas, offshore, projects; Arctic; energy, markets; Pandemics; Oil, and, gas, industry; Offshore; Crude, oil, prices; Sustainability; Polar, environments; Sustainable, development; Offshore, engineering; COVID-19; Natural, gas; Literature, reviews; Oil, reserves; Exploitation; Trends; Energy, industry; Fossil, fuels; Resources; Environmental, factors; Climatic, conditions; Alternative, energy, sources; Oil; Natural, gas, reserves; United, States--US; Arctic, region; Russia
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Journal of Marine Science and Engineering
Year:
2022
Document Type:
Article
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