Sustainable Oil and Gas Using Blockchain

Soheil Saraji, Si Chen

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Hardback

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English

Springer International Publishing AG
16 May 2023

Environmental economics; Energy industries & utilities; Sustainability; Fossil fuel technologies; Computing & IT; Distributed databases; Data encryption

Series: Lecture Notes in Energy

This monograph explores the potential of blockchain technology to facilitate the transition in the oil and gas (O&G) industry.

As the world shifts towards a sustainable energy future, the oil and gas industry faces significant challenges and opportunities. Focusing on the development of a sustainable O&G industry, the book delves into the role of climate and financial markets in the energy sector, applications of blockchain in sustainable energy development, and the challenges of legal and regulatory issues in applying blockchain technology. It provides insight into how the energy industry is already working on reducing carbon emissions and paving the way to a sustainable future with detailed examples of reducing methane emissions, carbon credit markets, sustainable aviation fuels, and plastics.

The book also examines how O&G companies could further their sustainability initiatives using blockchain technology for emission data monitoring, carbon capture, utilization, storage, and supply-chain management to develop clean products.

By: Soheil Saraji, Si Chen
Imprint: Springer International Publishing AG
Country of Publication: Switzerland
Edition: 1st ed. 2023
Volume: 98
Dimensions: Height: 235mm, Width: 155mm,
Weight: 711g
ISBN: 9783031306969
ISBN 10: 3031306961
Series: Lecture Notes in Energy
Pages: 346
Publication Date: 16 May 2023
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Dr. Soheil Saraji is an Energy and Petroleum Engineering Associate Professor, co-director of the Hydrocarbons Research Laboratory, and Adjunct Professor at the School of Energy Resources at the University of Wyoming. He has more than eighteen years of research experience in subsurface energy extraction, storage, and carbon geo-sequestration. Additionally, Dr. Saraji is a pioneer in applied blockchain research for the oil and gas industry. He has developed new courses and research initiatives on this topic at the University of Wyoming. Mr. Si Chen is the President of Open Source Strategies, Inc. in Los Angeles, CA, which specializes in open source software for climate finance and investing, and founder of SustainableOilGas.com, which provides analysis on climate investing and the oil and gas industry. He leads the development of open source blockchain carbon accounting software at Hyperledger Labs. Previously, he has managed investment portfolios for institutional pension funds, central banks, and hedge funds and has been published in The Journal of Portfolio Management. He is also the co-founder and CTO of GraciousStyle.com, an online retailer.