Economics of Worldwide Petroleum Production PDF Download

Author: Fraser H. Allen
Publisher: Oil & Gas Consultants International, Incorporated
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 608

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Author: Richard D. Seba
Publisher:
ISBN:
Category :
Languages : en
Pages : 574

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Author: S.W. Carmalt
Publisher: Springer
ISBN: 3319478192
Category : Business & Economics
Languages : en
Pages : 121

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This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived “fracking revolution,” but enough to be able to claim that “peak oil” was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy./div”Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In today’s economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, “tight oil” and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. “Drill baby drill” and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable.

Author: Richard Dutton Seba
Publisher:
ISBN: 9780930972240
Category : Petroleum industry and trade
Languages : en
Pages : 506

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Author: Daniel Johnston
Publisher:
ISBN:
Category : Oil and gas leases
Languages : en
Pages : 266

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Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1475572360
Category : Business & Economics
Languages : en
Pages : 30

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This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.

Author: Thane Gustafson
Publisher: Belknap Press
ISBN: 0674066472
Category : History
Languages : en
Pages : 673

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A Foreign Affairs Best Book of the Year on Eastern Europe and the Former Soviet Republics The Russian oil industry—which vies with Saudi Arabia as the world’s largest producer and exporter of oil, providing nearly 12 percent of the global supply—is facing mounting problems that could send shock waves through the Russian economy and worldwide. Wheel of Fortune provides an authoritative account of this vital industry from the last years of communism to its uncertain future. Tracking the interdependence among Russia’s oil industry, politics, and economy, Thane Gustafson shows how the stakes extend beyond international energy security to include the potential threat of a destabilized Russia. “Few have studied the Russian oil and gas industry longer or with a broader political perspective than Gustafson. The result is this superb book, which is not merely a fascinating, subtle history of the industry since the Soviet Union’s collapse but also the single most revealing work on Russian politics and economics published in the last several years.” —Robert Legvold, Foreign Affairs “The history of Russia’s oil industry since the collapse of communism is the history of the country itself. There can be few better guides to this terrain than Thane Gustafson.” —Neil Buckley, Financial Times

Author: Boyun Guo
Publisher: Gulf Professional Publishing
ISBN: 0128096128
Category : Science
Languages : en
Pages : 782

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Book Description
Petroleum Production Engineering, Second Edition, updates both the new and veteran engineer on how to employ day-to-day production fundamentals to solve real-world challenges with modern technology. Enhanced to include equations and references with today's more complex systems, such as working with horizontal wells, workovers, and an entire new section of chapters dedicated to flow assurance, this go-to reference remains the most all-inclusive source for answering all upstream and midstream production issues. Completely updated with five sections covering the entire production spectrum, including well productivity, equipment and facilities, well stimulation and workover, artificial lift methods, and flow assurance, this updated edition continues to deliver the most practical applied production techniques, answers, and methods for today's production engineer and manager. In addition, updated Excel spreadsheets that cover the most critical production equations from the book are included for download. - Updated to cover today's critical production challenges, such as flow assurance, horizontal and multi-lateral wells, and workovers - Guides users from theory to practical application with the help of over 50 online Excel spreadsheets that contain basic production equations, such as gas lift potential, multilateral gas well deliverability, and production forecasting - Delivers an all-inclusive product with real-world answers for training or quick look up solutions for the entire petroleum production spectrum

Author: Havard Devold
Publisher: Lulu.com
ISBN: 1105538648
Category : Gas fields
Languages : en
Pages : 84

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Author: George A. Olah
Publisher: John Wiley & Sons
ISBN: 3527644636
Category : Science
Languages : en
Pages : 351

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Book Description
The world is currently consuming about 85 million barrels of oil a day, and about two-thirds as much natural gas equivalent, both derived from non-renewable natural sources. In the foreseeable future, our energy needs will come from any available alternate source. Methanol is one such viable alternative, and also offers a convenient solution for efficient energy storage on a large scale. In this updated and enlarged edition, renowned chemists discuss in a clear and readily accessible manner the pros and cons of humankind's current main energy sources, while providing new ways to overcome obstacles. Following an introduction, the authors look at the interrelationship of fuels and energy, and at the extent of our non-renewable fossil fuels. They also discuss the hydrogen economy and its significant shortcomings. The main focus is on the conversion of CO2 from industrial as well as natural sources into liquid methanol and related DME, a diesel fuel substitute that can replace LNG and LPG. The book is rounded off with an optimistic look at future possibilities. A forward-looking and inspiring work that vividly illustrates potential solutions to our energy and environmental problems.