Online Intermediation and Competitiveness of Oil and Gas Exploration and Producing Companies in the South-South Region of Nigeria
Abstract
This study examined the relationship between online intermediation and the competitiveness of oil and gas exploration and producing companies in the South-South Region of Nigeria. The study adopted a cross-sectional survey research design. The population of this study comprises all the oil and gas companies that operate in the South-South region of Nigeria. There are 131 companies involved in oil and gas exploration and production in the South-South region of Nigeria. Since the study population is small, the researcher handled the entire population. Two senior managers in the operations and finance of each company were considered for this study. Therefore, the total number of respondents became 262 from the 131 companies involved in oil and gas exploration and production in the South-South region of Nigeria. Primary data was collected using a 5-point Likert-scale questionnaire. The hypotheses were tested using Spearman’s Rank Order Correlation Coefficient with Statistical Package for Social Sciences version 23.0. The findings revealed a significant positive relationship between online intermediation and the competitiveness of oil and gas exploration and producing companies in the South-South Region of Nigeria. Therefore, the study recommended that the management of oil and gas exploration and producing companies should invest in robust online platforms and digital technologies that facilitate efficient intermediation. This includes exploring or developing online platforms that connect oil and gas companies with relevant services, suppliers, and partners to streamline operations.
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