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The future of the oil and gas industry in emerging and developing countries
Centre for Global Finance, SOAS University of London, United Kingdom; University of Stellenbosch Business School, South Africa.
Department of Finance, University of Ghana Business School, Ghana; Ministry of Finance, Ghana.
ECOWAS Bank for Investment and Development, Lomé, Togo.
Umeå University, Faculty of Social Sciences, Centre for Environmental and Resource Economics (CERE). Environmental Policy Research Unit (EPRU), University of Cape Town, South Africa.
2023 (English)In: Sustainability management in the oil and gas industry: Emerging and developing country perspectives / [ed] Joshua Yindenaba Abor; Amin Karimu, Routledge, 2023, p. 280-293Chapter in book (Refereed)
Abstract [en]

Oil and gas are important natural resources and have propelled economic growth and increased the global competitiveness between producing nations in global trade and resulted in the associated advantages to domestic economies. This chapter examines the future of the oil and gas industry in emerging and developing countries. It discusses the exploration of oil and gas and how the environment is being impacted by the activities. The chapter looks at the role of market players along the value chain of the oil and gas sector. It then examines how the world is being transitioned to renewable energy use through an analysis of demand trends and challenges confronting the oil and gas industry. It makes the case that despite the immeasurable contributions of the oil and gas sector to the development of the global economy, there have been systemic shifts in their demand in recent times. High cost of capital requirements in oil and gas production, climate change effects and global warming, deprivations and community conflicts, and technological advancements account for these shifts in the demand trends of oil and gas.

Place, publisher, year, edition, pages
Routledge, 2023. p. 280-293
Series
Routledge Studies in the Economics of Business and Industry
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-212489DOI: 10.4324/9781003309864-23Scopus ID: 2-s2.0-85165375847ISBN: 9781000890389 (electronic)ISBN: 9781032314617 (print)ISBN: 9781003309864 (electronic)OAI: oai:DiVA.org:umu-212489DiVA, id: diva2:1785814
Available from: 2023-08-04 Created: 2023-08-04 Last updated: 2023-11-30Bibliographically approved

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CiteExportLink to record
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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf