Potential application of generative artificial intelligence and machine learning algorithm in oil and gas sector: Benefits and future prospects
In: Technology in society: an international journal, Band 79, S. 102710
ISSN: 1879-3274
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In: Technology in society: an international journal, Band 79, S. 102710
ISSN: 1879-3274
In: 13th International Scientific Conference 'Business and Management 2023' 11-12 May, Vilnius, Lithuania, Vilnius Gediminas Technical University
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Purpose In recent times, electricity as one of the most important energy sources has witnessed considerable decreases in consumption figures. These cutbacks have been mainly due to the growing increasing living standards, minimal governance and political fracture. Thus, this paper aims to appraise the supply of electricity side in an attempt to propose a sustainable electricity framework. Design/methodology/approach The reviewed literature identified a gap within the previous literature which had not previously been investigated; however, to carry out the investigation, a research strategy had to be formulated. Twenty semi-structured interviews were carried out with managers, engineers and electrical professionals. Prior to the commencement of the main study, a preliminary pilot study was carried out among ten senior practitioners in the General Electric Company of Libya. The purpose of the pilot study was to assess clarity of questions, timing and suitability of the respondents for the study, and to establish its reliability and validity. Findings From the aspect of the demand, the study found that there was a diverse set of factors that affect electricity demand in Libya. These included the average real price of electricity, the real value of the imported electrical appliances, gross domestic product, population, the temperature difference and the lagged electricity demand. Secondly, from the aspect of electricity supply, the study found that there was a diverse set of factors that affect electricity projects in Libya or even the development of existing projects. These factors included electricity demand, political effects, recession, oil prices and improved development of other infrastructure. Research limitations/implications Due to limitations in time and cost, political instability in the country and the lack of security, the entire analysis was only of the demand for electricity in Libya based on data collected from secondary sources and primary data resources. The ordinary least squares method of regression used for the purpose of quantitative analysis only included the factors related to the demand for electricity in Libya. It is worth noting that the research work did not include any quantitative analysis that comprised factors related to the supply of electricity in the country. Such an analysis could have technically carved the ways to augment the supply of electricity. Therefore, the context of the research work is one-sided that focuses primarily on the demand. Practical implications The problem confronting development of electricity projects in Libya has three components: The first is the national significance of the projects as a physical resource. The second is the conflict arising politically from within. The third is the lack of consideration given to the specific resource management issues associated with the projects within the government plans and policy statements. In addition, participants further claimed that there were three more independent factors that could affect the level of electricity demand in Libya. These were urbanisation, industrialisation and literacy rates. Social implications The participants also believed that as the rate of socio-economic development increases, the demand for electricity is expected to rise. Urbanisation, industrialisation and literacy rates are some of the developments which will exert more demand pressure on the electricity supply. The participants claimed that the government should take into account the urbanisation rates in Libya in the energy policy formulation. Electricity companies can also take a cue from the urbanisation trends and other socio-economic developments to plan the delivery of electricity according to the rising demand. Originality/value This study appraised the supply of electricity side in Libya and proposed a sustainable framework that could be used by policymakers to address energy demand issues in Libya.
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This paper was accepted for publication in the journal International Journal of Energy Sector Management and the definitive published version is available at http://dx.doi.org/10.1108/IJESM-10-2014-0004 ; © 2015, Emerald Group Publishing Limited. Purpose – The purpose of this paper was to examine UK shale gas viability. The recent commitment to shale gas exploration in the UK through fracking has given rise to well-publicised economic benefits and environmental concerns. There is potential for shale gas exploration in different parts of the UK over the next couple of decades. As argued in this study, if it does, it would transform the energy market and provide long-term energy security at affordable cost. Design/methodology/approach – Interviews with senior practitioners and local communities were recorded, transcribed and entered into qualitative research software Nvivo. Validity and reliability were achieved by first assessing the plausibility in terms of already existing knowledge on some of the economic and environmental issues raised by participants. Findings – Findings from this study suggest that environmental, health and safety risks can be managed effectively provided operational best practices are implemented and monitored by the Health and Safety Executive; Department of Energy, Climate Change; and the Mineral Planning Authorities. Participants further suggested that the integration of shale gas technology will protect consumers against rising energy prices and ensure that government does not get exposed to long-term geopolitical risks. Practical implications – The present study corroborates the position that environmental, health and safety risks can be managed effectively provided operational best practices are implemented and monitored by the Health and Safety Executive; Department of Energy, Climate Change; and the Mineral Planning Authorities. Social implications – The present study confirms that the government is committed to ensuring that the nation maximises the opportunity that cost-effective shale gas technology presents, not just investment, cheap energy bills and jobs but providing an energy mix that will underpin the UK long-term economic prosperity. Originality/value – The present study corroborates the position that environmental, health and safety risks can be managed effectively provided operational best practices are implemented and monitored by the Health and Safety Executive; Department of Energy, Climate Change; and the Mineral Planning Authorities. As shown in this study, the UK has a very strong regulatory regime compared to USA; therefore, environmental, health and safety risks will be very well managed and unlikely to escalate into the crisis being envisioned.
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Construction clients and governments recognise the significant impact the design, construction and occupation of buildings have on the environment and society. The construction industry and governments have a central role in driving the sustainable development agenda. Good sustainable design can deliver buildings with low running costs-an attribute that is highly attractive to both the society and businesses. The aim of this paper was therefore to examine the integration of sustainability principles into construction projects. The review provided key evidence of the link between sustainability and better project performance, through the integration of sustainability principles. In addition, it proposed a sustainable framework for better construction project, based on the philosophies of sustainable construction
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The majority of our energy demand is satisfied by the combustion of fossil fuels, such as coal, oil and gas. This has resulted in our fossil fuel resources being vastly reduced and has increased the carbon dioxide content in the atmosphere which is causing global warming. The 2020 European Union (EU) targets have been set out to promote the use of renewable technologies and reduce the electricity demand. From the reviewed literature, it was acknowledged that most of these renewable forms of energy sources were initially capital intensive to construct but once constructed they had low operating costs, paying themselves of over their lifecycle. In this study, primary research was undertaken by means of a case study and structured interviews. The case study formed a background to the UKs current and planned offshore wind installations. The results of the interviews were analysed using the NVIVO qualitative software analysis package. This identified themes within the data which allowed them to be analysed and evaluated. The primary data results concluded that the EU targets were challenging but achievable and that the UK government was very supportive in pushing for these targets.
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