Cooperatives

Financial Sustainability and Technology Integration in Oil & Gas Cooperatives: Opportunities and Challenges (Published)

The oil and gas sector remains a critical component of the global economy, contributing significantly to energy supply, employment, and economic development. However, with growing environmental concerns, market volatility, and operational complexities, maintaining sustainable operations has become increasingly challenging for industry players. This paper delves into the role of financial sustainability and technology integration within oil and gas cooperatives, focusing on the opportunities and challenges that arise from this dual approach. The paper highlights the importance of cooperatives in addressing these challenges by ensuring operational efficiency, fostering innovation, and promoting sustainable development. The integration of advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) offers substantial benefits for cooperatives operating in the oil and gas sector. These technologies enable organizations to optimize resource allocation, streamline operational workflows, and implement predictive maintenance models to reduce downtime and equipment failure. Furthermore, IoT-based monitoring systems ensure real-time visibility of key operational metrics, allowing for proactive risk management. Financial sustainability, on the other hand, involves implementing robust financial models to manage cash flows effectively, forecast economic risks, and align business strategies with market demands. The interplay between financial sustainability and technology integration allows cooperatives to maximize profitability while reducing environmental impact, contributing to broader sustainability goals. A case study on Shell Nigeria’s Cooperative Society in Port Harcourt is presented to provide practical insights into the application of these principles. The study demonstrates how Shell’s cooperative has utilized IoT-based solutions and predictive financial models to ensure sustainable growth and efficient project execution. The cooperative plays a pivotal role in managing employees’ thrift and loan operations, generating significant value through real estate investments and technology-driven initiatives. By adopting innovative tools and sustainable practices, the cooperative not only ensures operational resilience but also contributes to socio-economic development in the communities it serves. Mathematical models, such as Net Present Value (NPV) analysis, are employed to illustrate the financial optimization strategies used by Shell Nigeria’s cooperative in evaluating project profitability. Diagrams depicting the integration of technology and financial systems further highlight the efficiency and effectiveness of this approach. Through these models, the paper demonstrates how financial decision-making is enhanced, ensuring that investments align with long-term sustainability goals. This study explores the broader implications of integrating technology with financial sustainability in oil and gas cooperatives. It emphasizes the importance of building public-private partnerships to attract investment and foster technological innovation. Additionally, the paper discusses the regulatory landscape and the need for cooperatives to align with global sustainability standards. The findings suggest that cooperatives in the oil and gas sector have a unique opportunity to drive economic resilience and environmental stewardship through effective financial management and advanced technology deployment. The paper provides actionable recommendations for cooperatives seeking to achieve financial sustainability and operational efficiency through technology integration. These recommendations include upskilling employees, enhancing data management capabilities, and establishing strategic partnerships to overcome challenges. The research underscores the importance of cooperatives in achieving sustainable development within the oil and gas sector, making a compelling case for aligning business strategies with emerging technologies and financial best practices. This approach ensures long-term resilience and contributes to broader national and global sustainability goals.

Keywords: Challenges, Cooperatives, Financial Sustainability, GAS, oil, opportunities, technology integration

Determinant Acceptance of Information Systems in the Cooperative of Palm Oil Producers, Musi Banyuasin District (Published)

Application of Information Technology in Cooperative business entities is deemed necessary to be implemented in Cooperatives, where the implementation of the use of Technology will provide many conveniences and advantages in developing the Cooperative business itself. There are still many cooperatives that do bookkeeping manually which results in wasted time and value of effectiveness and efficiency. The objective to be achieved in this study is to analyze the effect of perception on PU and PEU on attitude toward using, and the effect of the user’s attitude (attitude toward using) effect on acceptance information Systems.This research uses a quantitative approach with the type of research is causal. The sampling technique uses nonprobability techniques through purposive sampling. The sample used was 164 cooperative employees with primary data sources through questionnaires. The analysis technique used is SEM-PLS.The results obtained in this study are the PU has significantly positive effect on ATU, PEU has significantly positive effect on ATU and ATU has significantly influence on the acceptance of information systems.

Keywords: Cooperatives, Perceived Ease of Use, Perceived Usefulness, acceptance of information systems, attitude toward using