Kopytin Ivan
Will the major oil and gas corporations make blockchain their competitive advantage?
Publication Type:
Rubric:


ISSN 2073-6304

DOI 10.28995/2073-6304-2019-4-52-66

The article analyses policies of the world largest oil and gas companies to integrate blockchain into their business structure. It is revealed that super-majors and majors concentrate mainly on digitalization of the hydrocarbons trade and trade financing. The multilateral alliances, involving the oil and gas companies, banks and oil traders, have been established in order to implement that goal. Recently partnerships for testing blockchain use in the relatively easily digitalized oil operations and actives were launched. European supermajors BP и Royal Dutch Shell within their strategies actively experiment with possibility to increase the business profitability through using blockchain at all stages of value added creation. The analyses allowed to conclude that projects to inbuilt blockchain into the business models of oil and gas companies remain so far at the transitionary phase from the proof-of-concept stage to that of the market implementation. Large scale enterprise use of blockchain one has to expect from the middle of the 2020-s. Oil and gas companies who will be the first to implement blockchain applications could attain critical competitive advantages.


Keywords: blockchain | oil and gas companies | competitive advantages | digitalization | oil and gas trade | smart contracts |

Russian Science Citation Index



OTHER PUBLICATIONS ON THIS TOPIC

Gusarova Olga
Блокчейны в системе военной контрактации: возможности и проблемы [Электронный ресурс] / О.В Гусарова // Московский экономический журнал: электронный сетевой журнал. – 2019. – № 10. – DOI: 10.24411/2413-046X-2019-10010. URL: https://qje.su/otraslevaya-i-regionalnaya-ekonomika/moskovskij-ekonomicheskij-zhurnal-10-2019-10/

Gilkova Olga
The Competitiveness of the Russian companies in the World Market of Military Helicopters

Kondrat’ev Vladimir
Большая дорога импорта / В.Б. Кондратьев // Прямые инвестиции. – 2012. – № 6. – С. 6–9.

Kopytin Ivan
Электроэнергетика в стратегии компании Shell: экономические аспекты // Проблемы экономики и управления нефтегазовым комплексом. 2023. № 2 (218). С. 70-77. DOI 10.33285/1999-6942-2023-2(218)-70-77.

Nikitin Andrey
china blockchain internationalization opportunities: economic and technological sides

Rogozhin Alexander
Energy security of Asian countries - new role of foreign investments

Shultseva Vera
Умные цепочки в цифровой упаковке // Электросвязь. 2020. № 12. С. 46-49. DOI 10.34832/ELSV.2020.13.12.006.

Nikitin Andrey
International practice of the blockchain technology usage in recording and registration systems for land rights

Gusarova Olga
Основные методы закупок в системе военной контрактации Великобритании // Московский экономический журнал : сетевое издание. 2021. № 11. С. 722-736. DOI 10.24412/2413-046Х-2021-10704. URL: https://qje.su/ekonomicheskaya-teoriya/moskovskij-ekonomicheskij-zhurnal-11-2021-62/ (дата обращения 27.12.2021).

Mamedyarov Zaur
The Impact of the COVID-19 Pandemic on the Global Economy and Innovative Development

Zolina Svetlana, Zhukov Stanislav
Финансовый рынок – драйвер роста нефтедобычи в США [Текст] / С.А. Золина, С.В. Жуков // ЭКО. – 2017. – № 10. – С. 85-96.

Pusenkova Nina
Ледовый поход. Готовы ли мы к экологически устойчивой добыче углеводородов в Арктике? [Текст] / Н.Н. Пусенкова // Экологический вестник России. – 2013. – № 2. – С. 18 – 21.

Zagashvili Vladislav
Возможные последствия присоединения России к ВТО / В.С. Загашвили // Российский внешнеэкономический вестник. – 2011. – № 5. – С. 10–16.

Ivanov N., Pusenkova Nina
Климатическая повестка ведущих нефтяных компаний США // США и Канада: экономика, политика, культура. 2023. № 1. С. 38-58. DOI 10.31857/S2686673023010030.

Lukashin Yu., Rakhlina Lyudmila
Digital economy: the state of the art and perspectives

Zenkov Alexey
Цифровизация образования: направления, возможности, риски // Вестник Воронежского государственного университета. Серия: проблемы высшего образования. 2020. № 1. С. 52-55.

Sinitsyn Mikhail, Gakhokidze Irine
Administrative and regulatory mechanisms for promoting renewables in the power industry

Gusarova Olga
The R&D Contracting System in the UK Defense and Security

Зарубежная экспансия российских нефтегазовых корпораций. Рук. авт.кол-ва С.В. Жуков. М., ИМЭМО РАН, 2011, 43 с.

Zolina Svetlana
Forecasting US Tight Oil Production / Ed. by S.V. Zhukov. – Moscow, IMEMO RAN, 2014. – 130 p.
Related publications


Comments (0)

No comments

Add comment







First news
Institute News
18/04/2024

From April 17 to 19, 2024, the International Annual Scientific Conference "Lomonosov Readings" – "Human and Social Capital of Russia: New Challenges and Opportunities" is being held at the Faculty of Economics of Lomonosov Moscow State University.

more...

18/04/2024

On April 18, 2024, the XIV Session of the Scientific and Methodological Association on Migration and Demographic Processes in the roundtable format "Modern Approaches to the Development of a Common Migration Space of the EAEU, CIS, the Union State of Russia and Belarus, BRICS in the Sphere of Migration Regulation" was held at the Financial University under the Government of the Russian Federation.

more...

Recently Published