A Bibliometric Analysis of Management Policies to Support Renewable Energy Implementation in Oil and Gas Company Using VOSviewer

Wiyana Ferdyana () and Henndy Ginting ()
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Wiyana Ferdyana: School of Business and Management, Institut Teknologi Bandung, Indonesia
Henndy Ginting: School of Business and Management, Institut Teknologi Bandung, Indonesia.

European Journal of Studies in Management and Business, 2023, vol. 27, 12-25

Abstract: This study aims to analyze oil and gas management policies to support the implementation of renewable energy use by using VOSviewer, a bibliometric analysis tool, to examine the oil and gas management policy research landscape. The dataset consisted of 1308 articles which were collected from the Scopus database, accessed on June, 15th 2023, using keywords related to oil and gas, policy, and renewable energy, and also restricted to specific disciplines, including energy, environmental science, engineering, business, management, and accounting. The results of this study firmly show how important the role of renewable energy initiatives serve in the oil and gas industry. The implementation of renewable energy initiatives in the oil and gas industry not only contributes to enhanced operational efficiency and cost reduction but also promotes environmental sustainability. It was further identified that management policies play an essential role in facilitating the successful integration of renewable energy. These policies should emphasize renewable energy integration, the establishment of regulatory frameworks, the provision of incentives and subsidies, the promotion of collaboration, and alignment with institutional factors. A successful shift to renewable energy also requires change management strategies that include components like a clear vision, leadership commitment, goal setting, resource allocation, employee involvement, stakeholder engagement, and continuing evaluation.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bco:mbrqaa::v:27:y:2023:p:12-25

DOI: 10.32038/mbrq.2023.27.02

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