Navigating challenges in energy supply chains: Lessons from the oil, gas, and renewable energy sectors
1 Independent Researcher, Nigeria.
2 The Shell Petroleum Development Company, Port Harcourt, Nigeria.
3 Shell (Den Haag, Netherlands).
4 Independent Researcher, Nebraska, USA.
Review
International Journal of Scientific Research Updates, 2021, 01(02), 019–037.
Article DOI: 10.53430/ijsru.2021.1.2.0025
Publication history:
Received on 10 July 2021; revised on 22 August 2021; accepted on 26 August 2021
Abstract:
Energy supply chains face complex challenges that stem from geopolitical uncertainties, environmental concerns, and technological advancements. This study explores the critical lessons from the oil, gas, and renewable energy sectors in navigating these challenges, highlighting their strategies to ensure sustainability, resilience, and efficiency. In the oil and gas sector, geopolitical risks and price volatility necessitate robust risk management frameworks, collaboration across borders, and innovative logistics solutions to mitigate disruptions. Additionally, stringent environmental regulations demand a shift toward decarbonization and the adoption of cleaner technologies, which has transformed the operational landscape. The renewable energy sector introduces unique challenges, including intermittency, resource availability, and infrastructure limitations. Supply chain innovation, such as energy storage technologies and digitalization, has emerged as a key enabler for overcoming these hurdles. The study underscores the role of advanced analytics, artificial intelligence, and blockchain in improving transparency, optimizing resource allocation, and enhancing decision-making across the energy value chain. Furthermore, it emphasizes the importance of cross-sectoral collaboration to leverage shared expertise, foster technology transfer, and accelerate the transition toward a low-carbon economy. By comparing these sectors, this research identifies best practices, including diversifying supply sources, enhancing stakeholder engagement, and investing in resilient infrastructure. The findings stress the need for holistic approaches that integrate economic, environmental, and social dimensions to address evolving global energy demands. The study also highlights policy implications, urging governments to create enabling environments through supportive regulatory frameworks, incentives for innovation, and investment in sustainable infrastructure. The lessons learned from the oil, gas, and renewable energy sectors provide valuable insights for building adaptable, sustainable, and efficient supply chains. As the global energy landscape evolves, these strategies offer a roadmap for navigating uncertainties and fostering resilience across energy supply networks.
Keywords:
Energy Supply Chains; Oil and Gas; Renewable Energy; Sustainability; Resilience; Risk Management; Decarbonization; Digitalization; Energy Transition; Stakeholder Engagement.
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Copyright © 2021 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0