OPTIMISING SUPPLY CHAIN MANAGEMENT IN THE OIL AND GAS INDUSTRY

A REVIEW

Abstract

The optimisation of improved transportation and routing can offer cost-saving benefits in the oil and gas industry today. To enhance environmental management and efficiency in the upstream petroleum industry, the operational transport and logistics processes can yield exceptional results in environmental performance. Efficient supply chain management is critical in mitigating the impacts of petroleum processes and hazardous wastes released into the environment. Increased regulations and awareness of emerging solutions in upstream, midstream, and downstream logistics are necessary to improve profitability and achieve environmental progress in reducing greenhouse gas emissions. This paper adopts the desktop review method and sources information from online journals, articles and textbooks. Findings reveal a shift in supply chain management priorities towards safety and asset management reliability. Growing environmental concerns are resulting in tight process integration to increase revenue growth. Hence, it is recommended that integrating a practicable framework with net-zero greenhouse gas emissions will strengthen the relationship between oil and gas operators and their host governments.