The Petroleum Industry: Vertical integration PDF Download

Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 1204

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Author: Edward John Mitchell
Publisher: National Energy Study
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

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Author: David J. Teece
Publisher:
ISBN:
Category : Corporate divestiture
Languages : en
Pages : 164

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Author: Paul Stephen Lehatto
Publisher:
ISBN:
Category : Industrial concentration
Languages : en
Pages : 92

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Author: Jerome Thomas Bentley
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 0

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Author: William Dalton Jackson
Publisher:
ISBN:
Category : Business logistics
Languages : en
Pages :

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Book Description
The introduction of tight-oil technologies into the U.S. petroleum industry’s supply chain has triggered a revolution with wide commercial, economic, and geopolitical impacts. While these upstream technologies have increased proven reserves, reduced the unsuccessful well incident rate, and increased individual well productivity, they have also increased per well costs. Concurrently, the U.S. petroleum industry expanded and modernized its downstream refining sector with a different suite of technologies, including “digital oilfield” technologies and advanced refinery processes. Moreover, while these innovations were being introduced, the U.S. petroleum industry's long-standing vertically integrated structure has undergone a steady disintegration, in which the dominance of large integrated companies has been weakened. This study explores whether – and to what extent -- these two industrial developments may be related, and, if so, what is the nature of this relationship? The introduction of tight-oil technology in U.S. crude oil production provides an opportunity to study a new technology’s measurable deployment into the upstream portion of a supply chain and its potential influence on an industry’s industrial organization. Tight-oil deployments were largely unanticipated, and any biases introduced by the reciprocal relationships between organizational changes and technological progress are likely minimized. Due to the nature of these innovations, the production from wells utilizing the tight-oil technologies can be segregated from that of other wells using more conventional technologies. Because this study measures directly the adoption and implementation of innovative technologies on an industry’s discrete operations, it can assess more accurately the impact of technological innovation on an industry’s evolving organizational structure. As a result, this study seeks to provide insight into the essential nature of a technological innovation and how its insertion into key locations in an industry’s supply chain can influence directly and substantially the organizational structure of the linked industries that compose it.

Author: Fernando Barrera-Rey
Publisher:
ISBN: 9780948061905
Category : Petroleum industry and trade
Languages : en
Pages : 55

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Author: John H. Phelps
Publisher:
ISBN:
Category :
Languages : de
Pages : 30

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Author: Basak Beyazay
Publisher: Routledge
ISBN: 1317575180
Category : Business & Economics
Languages : en
Pages : 188

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Book Description
Firm-to-firm relationships, along with the overall structure of industry, have changed markedly over the past decades. Replacing the model of vertical integration with one of global business, firms have started to outsource more by using a wider global network. At the same time, they have begun to increase their control and coordination along the value chain to remain competitive, blurring the boundaries between companies. Understanding the nature of the firm and its role in coordinating the supply chain will help firms to better define global competitive strategies.. The challenges that lie ahead for global business render obsolete the traditional model of procuring each service without long-term supply chain management. Current trends suggest that in the future there will be even deeper supply chain integration in most industries. The Nature of the Firm in the Oil Industry aims to facilitate the understanding of ‘the firm’ via the analysis of the specific relationship between international oil companies, which are among the world’s biggest firms and which act as ‘core system integrators’, and the oil services companies, which help to find, extract, produce and distribute oil along the petroleum industry supply chain. This relationship serves as an example of deep integration by core system integrators and provides insights into the change in the nature of the firm in the era of modern globalization. Aimed at researchers and academics, The Nature of the Firm in the Oil Industry offers a thorough examination of this relationship in an effort to shed light on the nature of the firm, both in the oil industry and in global business today. It is a humble attempt to better understand the firm in a crucial industry.

Author: Jerome Davis
Publisher: Taylor & Francis
ISBN: 1351893092
Category : Business & Economics
Languages : en
Pages : 214

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Book Description
This book examines broad questions of industrial change in order to explain developments in the oil industry. In contrast to most other work on this industry, firms are considered to be the dependent variables rather than the future production and demand for oil and gas. An analysis of the industry is made by examining how corporations change their operating environments and are themselves changed by their environments. Particular attention is paid to 'mega-mergers' and to industrial downsizing and outsourcing. The significance of such restructuring for the societies the companies serve is also considered and comprehensive use is made of recent theories of the firm. It shows how such theories can be used to analyze a key world-wide industry. The distinctive approach of this book will help extend readers' understanding of the oil industry beyond the more conventional studies.