Bunkers are the lifeblood of the shipping industry - their availability, quality and, above all else, cost often determine whether a shipowner can operate efficiently and profitably. Cockett on Bunkers provides those involved in the shipping and oil industries with an understanding of the worldwide bunker fuel industry and a comprehensive manual that can be used as a reference in day-to-day bunker management and operation. Cockett on Bunkers contains up-to-date information on marine fuel standards and monitoring services, bunker buying techniques, bunker suppliers and the art of blending, pricing and bunkering operational procedures and takes into account recent developments in these areas.;Written in an accessible style with the emphasis on practical interpretation.

The oil and gas industry's wide international exposure and constantly changing landscape leave it particularly vulnerable to disputes. As this practical book demonstrates, the risks associated with disputes can be mitigated by parties utilising governing law and dispute resolution clauses in contractual agreements within the sector. Examining a global range of jurisdictions, the book offers clear guidance on the most appropriate choice of law and choice of dispute resolution forum for oil and gas contracts, analysing the key issues and defining the legal contours involved. Key Features: Insightful contributions from over 40 leading practitioners and expert legal scholars Examination of domestic and international case law, with analysis of the local laws of 24 jurisdictions globally Consideration of the future of disputes in the oil and gas industry by tracking the evolution and latest trends of the global energy market Examination of the dispute resolution mechanisms used to mitigate disputes, with a focus on international arbitration as a forum for dispute resolution Discussions of a range of operations in the oil and gas industry, including upstream, midstream and downstream projects, and the various contracts that exist within these Featuring a comparative and practice-oriented perspective, this highly informative book will prove an essential resource for practitioners advising parties concerning contractual agreements in the oil and gas sector, as well as a valuable reference point for scholars of energy law and arbitration.

This innovative book explores the legal character of petroleum licences, a key vehicle governing the relationship between oil companies and their host states. Examining the issue through the lens of legal culture, it illustrates why some jurisdictions exert strong state control and others only minimal.Critically investigating the nature of a petroleum licence, the book analyses whether it is a mere administrative right, a contract or something more akin to property rights. Chapters examine recent developments, such as the UK's strategy of maximizing economic recovery and the opposition to drilling for oil in Norway and Australia. Outside of Western petroleum jurisdictions, the book also explores several long-established jurisdictions including Russia and Mexico, as well as emerging jurisdictions, such as China and Uganda. Taking a contextual and system-oriented approach, it reveals the preconditions of the petroleum licence regime and offers a critical insight into the reasons behind alterations to the terms of the licences. Encompassing a wide variety of legal cultures and experiences, this thought-provoking book will prove to be a valuable resource for academics and students of energy law, particularly those with an interest in state regulation. It will also provide useful insights for industry-based practitioners.

This Handbook provides an in-depth analysis of the multiple ways in which oil has shaped, changed and affected international relations and global politics. Theoretically innovative, it provides new insights into the interaction between the materiality of oil and its social, economic and political manifestations. International contributors address the continuing legacy of oil, colonialism, and neo-imperialism and how this has had lasting effects on regions like the Middle East, Africa and Latin America. Chapters also assess the complex ways in which oil has influenced the trajectory of global capitalism with the emergence of multiple and powerful economic actors and institutions, and how this has affected the less powerful, the marginalised and the dispossessed. The Handbook concludes by considering the future of oil in the context of the transition to a low-carbon energy system and the challenges and geopolitical consequences of a world becoming less dependent on oil. Exploring the interaction between oil, hegemony and the international political order, this Handbook will be critical reading for scholars and students of international relations, energy policy and environmental governance and regulation. It will also be beneficial for practitioners and policy makers in the field of the international political economy of energy.

'Fascinating revelations' Max Hastings, Sunday Times 'An immensely valuable guide to a great and terrible industry' The Economist 'The book I have long been waiting for... Essential reading' Michael Klare Petroleum has always been used by humans: as an adhesive by Neanderthals, as a waterproofing agent in Noah's Ark and as a weapon during the Crusades. Its eventual extraction from the earth in vast quantities transformed light, heat and power. A Pipeline Runs Through It is a fresh, in-depth look at the social, economic, and geopolitical forces involved in our transition to the modern oil age. It tells an extraordinary origin story, from the pre-industrial history of petroleum through to large-scale production in the mid-nineteenth century and the development of a dominant, fully-fledged oil industry by the early twentieth century. This was always a story of imperialist violence, economic exploitation and environmental destruction. The near total eradication of the Native Americans of New York, Pennsylvania and Ohio has barely been mentioned as a precondition for the emergence of the first oil region in the United States. The growth of Royal Dutch-Shell involved the genocidal subjugation of people of the Dutch East Indies and the exploitation of oil in the Middle East arose seamlessly out of Britain's prior political and military interventions in the region. Finally, in an entirely new analysis, the book shows how the British navy's increasingly desperate dependence on vulnerable foreign sources of oil may have been a catalytic ingredient in the outbreak of the First World War. The rise of oil has shaped the modern world, and this is the book to understand it.

The second edition of The Political Economy of Iraq is as comprehensive and accessible as the first with updated data and analysis. Frank R. Gunter discusses in detail how the convergence of the ISIS insurgency, collapse in oil prices, and massive youth unemployment produced a serious political crisis in 2020. This work ends with a discussion of key policy decisions that will determine Iraq's future. This volume will be a valuable resource for anyone with a professional, business, or academic interest in the post-2003 political economy of Iraq.

This book examines Russia's capacity to respond to a changing world through the lens of the country's oil industry. Against a backdrop of social, political and climatic change, Indra Overland and Nina Poussenkova present a systematic analysis of how modern energy developments in the form of shale oil, offshore oil and the global energy transition are handled. The book profiles Russia's five largest oil companies - Rosneft, LUKOIL, Gazprom Neft, Surgutneftegas and Tatneft - which are vital channels for much of Russia's income and constitute the backbone of the Russian economy. It explores the importance of the petroleum sector to Russian society, the place of Russian oil and gas in the world's energy supply and the rapid pace of change in the global energy industry. In doing so, it offers insights into internationalization, oil price fluctuations, corporate social responsibility and the impact of Western sanctions against Russia. This is an important read for scholars working on the Russian economy and energy business, particularly corporate social responsibility, organisational change and politics. It will also be a helpful reference tool for anyone working on the global petroleum sector who needs an update on the world's largest energy exporter.

The modern world is built on commodities - from the oil that fuels our cars to the metals that power our smartphones. We rarely stop to consider where they have come from. But we should.

The World for Sale lifts the lid on one of the least scrutinized corners of the world economy: the billionaire commodity traders who buy, hoard, and sell the earth's resources. It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets, enabling an enormous expansion in international trade and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centers.

The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works.

WINNER OF THE EDGAR AWARD FOR BEST FACT CRIME SHORTLISTED FOR THE ANDREW CARNEGIE MEDAL FOR EXCELLENCE IN NON-FICTION SHORTLISTED FOR THE CWA ALCS GOLD DAGGER FOR NON-FICTION **SOON TO BE A MAJOR MOTION PICTURE DIRECTED BY MARTIN SCORSESE STARRING LEONARDO DICAPRIO AND ROBERT DE NIRO** 'A riveting true story of greed, serial murder and racial injustice' JON KRAKAUER 'A fiercely entertaining mystery story and a wrenching exploration of evil' KATE ATKINSON 'A fascinating account of a tragic and forgotten chapter in the history of the American West' JOHN GRISHAM From the bestselling author of The Lost City of Z, now a major film starring Charlie Hunnam, Sienna Miller and Robert Pattison, comes a true-life murder story which became one of the FBI's first major homicide investigations. In the 1920s, the richest people per capita in the world were members of the Osage Indian nation in Oklahoma. After oil was discovered beneath their land, they rode in chauffeured automobiles, built mansions and sent their children to study in Europe. Then, one by one, the Osage began to be killed off. As the death toll climbed, the FBI took up the case. But the bureau badly bungled the investigation. In desperation, its young director, J. Edgar Hoover, turned to a former Texas Ranger named Tom White to unravel the mystery. Together with the Osage he and his undercover team began to expose one of the most chilling conspiracies in American history. 'David Grann has a razor-keen instinct for suspense' LOUISE ERDRICH

Oil and gas companies are continually upgrading drilling and production facilities in response to safety, regulatory, and technology advances, causing the amount of data that an operator must interpret in order to optimize a facility's production to increase exponentially. Trained employees are at premium demand in the field, and companies are willing to pay for skills. However, there are too many skill-specific positions available and too many untrained applicants, and companies within this industry lack the recruiting, training, and experience necessary to train them. Workforce Education at Oil and Gas Companies in the Permian Basin: Emerging Research and Opportunities is an essential scholarly resource that examines changing technical, data analysis, and decision-making skills required of operations or maintenance personnel, as well as expectations for future changes. The book contrasts these needs against a typical oilfield worker's education level and skillset in order to target potential solutions for the challenges that face today's workforce. Highlighting topics such as economic development, oilfield technology, and employee training, this book is geared toward oil and gas workers, training facilitators, education practitioners, industry professionals, academicians, and researchers.

This important book provides a comprehensive analysis of technological change and environmental policy within the oil and gas industry. It identifies and measures the impact of technological change, both in market and environmental output sectors and takes steps to identify key causal relationships. The author focuses on the design and implementation of environmental policies that encourage technological progress in the face of the depletion of natural resources and the increasing stringency of environmental regulations. Detailed policy scenarios provide quantitative assessments indicating the significance of the potential benefits of technological change and well-designed environmental policy. With a sophisticated description of innovations within the oil and gas industry, this book will be of great interest to postgraduate students in economics, as well as in public policy, business administration and engineering. It will also appeal to practitioners in the energy industry and energy and environmental policymakers as it demonstrates how successful market and environmental policies can contribute to efficiency by encouraging, rather than inhibiting, technological innovation.

This detailed study presents an accessible examination of how upstream petroleum activities are regulated in developed and developing petroleum countries. It includes a particular focus on the granting of access to petroleum resources, and incorporates a thorough consideration of the concept of Lex Petrolea. Different countries utilize a variety of legal models for regulating the exploitation of petroleum resources and two internationally recognized systems of managing natural resources are salient: concessionary systems and contractual systems. Expert contributors provide a detailed and insightful overview of the licensing and concession system that is used to award access to petroleum in many countries. They address topics such as auctions and work program bidding, and consider contexts such as offshore petroleum and the Russian system. The book considers the international nature of petroleum, alongside how licenses are granted under the bid and discretionary system. It includes a comparative analysis of the award of licenses in the countries discussed. This discerning and comprehensive work will be a useful entry point for students embarking study in petroleum law. Academics will find this timely examination to be an indispensable overview of upstream operations. Practitioners will find this book an illustrative review of the origins of issues surrounding regulatory frameworks in managing natural resources. Contributors: S.W. Amaduobogha, O.L. Anderson, K. Fletcher-Johnson, G. Gordon, T. Hunter, A. Kompaniets, S. Kozuka, C. Kulander, E. Nordtveit, J. Paterson, E.G. Pereira, K. Svendsen, A. Wawryk

Mo(W)-Based Catalysts have the capacity to drastically impact many different industries. Research on their most current applications is important for the success of many organizations and companies, specifically the chemical and petroleum industries. Innovative Applications of Mo(W)-Based Catalysts in the Petroleum and Chemical Industry: Emerging Research and Opportunities is an informative resource that overviews emerging methods and techniques that incorporate 2D layer Mo(W) dichalcogenides. Featuring extensive coverage on a range of subjects including 2D nanosheets, hybridization, dichacogenides, and oxide based catalysts, this is an ideal publication for academicians, students, engineers, and researchers seeking insight on the latest advancements in Mo(W)-Based catalyst applications.

In this unique work, Jennifer Considine and William Kerr contend that while OPEC currently dominates the international oil market, Russia will be a key player in the future international energy market. Indeed, Russia's petroleum resources rival those of Saudi Arabia. More than almost any other industry, future performance is often determined by the influence of decisions made in the past. This book provides a detailed history of the development of the Russian oil economy in order to build up a comprehensive and discerning picture of its future role and significance in the global energy market of the 21st century. The authors of this path-breaking treatment of the Russian oil economy present: * an assessment of the effects of the political and macroeconomic development of the Russian Federation and former Soviet Union on the resources, reserves and infrastructure of the current oil industry * an economic evaluation of the contemporary policies and institutions in the Russian Federation, including policy recommendations and forecasts * detailed statistics on all aspects of the Russian oil industry, including reserves, production, five-year planning targets, government policy, and tax rates, from 1860-2001. The Russian Oil Economy will be of enormous interest to a wide-ranging audience, encompassing oil industry executives and analysts, investment bankers, energy consultants, energy policymakers, and those involved in the study, teaching and research of energy, Russian history and transition.

This book seeks to consistently explain the role of ideas and institutions in policy outcomes, and addresses the problem of how resource nationalism causes a deficit of public accountability in oil producing countries from Latin America and the Caribbean. The authors present a causal mechanism linking ideas and policy outcomes through institutional arrangements, focusing on policy design to describe the role of instruments selection and combination in improving or reducing public accountability through agenda setting, policy formulation, cross-sectorial coordination and political interplays.

With oil around $100 a barrel, drivers wince whenever they pull into the gas station and businesses watch their bottom lines shrink. "Watch out," say doomsayers, "it will only get worse as oil dries up." It's a plausible argument, especially considering the rate at which countries like China and India are now sucking up oil. Even more troubling, the world's largest oil fields sit in geopolitical hotspots like Iran and Iraq. Some believe their nations need to secure remaining supplies using military force, while others consider dwindling supplies a blessing that will help solve the problem of global warming. But wait--is it really the "end of oil"? Absolutely not, says geologist, economist, and industry-insider Robin Mills. According to Mills, many ideas about petroleum depletion and its consequences are not just grossly overstated but plain wrong. Calmly and persuasively, he argues:

For decades, studies of oil-related conflicts have focused on the effects of natural resource mismanagement, resulting in great economic booms and busts or violence as rebels fight ruling governments over their regions' hydrocarbon resources. In "Oil Sparks in the Amazon," Patricia I. Vasquez writes that while oil busts and civil wars are common, the tension over oil in the Amazon has played out differently, in a way inextricable from the region itself.
Oil disputes in the Amazon primarily involve local indigenous populations. These groups' social and cultural identities differ from the rest of the population, and the diverse disputes over land, displacement, water contamination, jobs, and wealth distribution reflect those differences. Vasquez spent fifteen years traveling to the oilproducing regions of Latin America, conducting hundreds of interviews with the stakeholders in local conflicts. She analyzes fifty-five social and environmental clashes related to oil and gas extraction in the Andean countries (Peru, Ecuador, and Colombia). She also examines what triggers local hydrocarbons disputes and offers policy recommendations to resolve or prevent them.
Vasquez argues that each case should be analyzed with attention to its specific sociopolitical and economic context. She shows how the key to preventing disputes that lead to local conflicts is to address structural flaws (such as poor governance and inadequate legal systems) and nonstructural flaws (such as stakeholders' attitudes and behavior) at the outset. Doing this will require more than strong political commitments to ensure the equitable distribution of oil and gas revenues. It will require attention to the local values and culture as well.

'Clear-eyed and illuminating.' Henry Kissinger, former Secretary of State and National Security Advisor 'A rich, superbly researched, balanced history of the modern Kingdom of Saudi Arabia.' General David Petraeus, former Commander U.S. Central Command and Director of the Central Intelligence Agency 'Destined to be the best single volume on the Kingdom.' Ambassador Chas Freeman, former U.S. Ambassador to Saudi Arabia and Assistant Secretary of Defense 'Should be prescribed reading for a new generation of political leaders.' Sir Richard Dearlove, former Chief of H.M. Secret Intelligence Service (MI6) and Master of Pembroke College, Cambridge. Something extraordinary is happening in Saudi Arabia. A traditional, tribal society once known for its lack of tolerance is rapidly implementing significant economic and social reforms. An army of foreign consultants is rewriting the social contract, King Salman has cracked down hard on corruption, and his dynamic though inexperienced son, the Crown Prince Mohammad bin Salman, is promoting a more tolerant Islam. But is all this a new vision for Saudi Arabia or merely a mirage likely to dissolve into Iranian-style revolution? David Rundell - one of America's foremost experts on Saudi Arabia - explains how the country has been stable for so long, why it is less so today, and what is most likely to happen in the future. The book is based on the author's close contacts and intimate knowledge of the country where he spent 15 years living and working as a diplomat. Vision or Mirage demystifies one of the most powerful, but least understood, states in the Middle East and is essential reading for anyone interested in the power dynamics and politics of the Arab World.

The Nigerian state has been oil-rich for decades, and yet perennially incapable of converting its oil resources into wealth for ordinary Nigerians. Adeoye O. Akinola tackles this "vexed" oil question by examining the political economy of efforts to deregulate the Nigerian downstream oil industry. Focusing on themes of globalization and democratization, this book considers how a resource-rich developing country like Nigeria can exploit the opportunities of globalization and navigate the pressures of democratization and the challenges of liberalization. Pairing sophisticated theoretical frameworks with firsthand accounts from actors in the oil industry, this book identifies the root causes of Nigeria's development struggles and offers practical policy solutions for successfully deregulating the oil sector. For public officials and policymakers as well as researchers, this book offers a critical new lens on the future of natural resource management in Nigeria and the Global South.

Processes of change, stagnation and development in the countries of the Gulf Co-operation Council are analyzed in this book. The contributors show impact of oil revenues on population change and social development and on redefining the socio-economic role of the state. Oil could open venues for industrialization and development. However, lack of population policies, problems of human resources development, the rather slow change in gender relations and in political systems and heavy spending on militarization, it is argued, could impede development endeavour.

While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices, including oil prices. However, this book presents a framework for modeling oil prices while incorporating monetary policy. It also provides a complete theoretical basis of the determinants of crude oil prices and the transmission channels of oil shocks to the economy. Moreover, using several up-to-date surveys and examples from the real world, this book gives insight into the empirical side of energy economics. The empirical studies offer explanations for the impact of monetary policy on crude oil prices in different periods including during the subprime mortgage crisis of 2008-2009, the impact of oil price variations on developed and emerging economies, the effectiveness of monetary policy in the Japanese economy incorporating energy prices, and the macroeconomic impacts of oil price movements in trade-linked cases. This must-know information on energy economics is presented in a reader-friendly format without being overloaded with excessive and complicated calculations. enUsed="false" QFormat="true" Name="Subtle Emphasis"/>

From Oil to Gas and Beyond chronicles the history of the petroleum industry in Trinidad and Tobago and appraises major policy decisions impacting its economy. The book details the macroeconomic, commercial, and technical challenges faced by Trinidad and Tobago in the monetization of its oil and gas resources over the past one hundred years. The contributors cover several topics including local content, national participation, sustainability, communication, leadership, energy diplomacy, environmental law and macroeconomic policy.

The downhill slide in the global price of crude oil in 2014 had major repercussions across the Middle East. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century - one that provides constraints and opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies that reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period, to Egypt, Jordan, and Lebanon, who have never been able to benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection shows that rentierism still prevails. -- .

This book examines the physical and economic characteristics of the global oil resource to explain why peak oil has been so poorly understood. The author draws on information held in oil industry datasets that are not widely available outside of the specialist literature, and describes a number of methods that have been successfully used to predict oil peaks. In contrast to the widely-held view that 'all oil forecasts are wrong', these methods correctly predicted the current peak in global conventional oil production. Current oil forecasts are then compared to evaluate the expected dates for regional and global oil peaks for conventional oil, all-oils, and all-liquids. The dates of global peaks in the production of all-oil and all-liquids appear to be reasonably soon, while the oil price that is needed to support these global production levels continues to rise. The world faces serious constraints in its oil supply, which accounts for about one-third of total world energy use, and over 90% of the fuel used for transportation. Readers of this book will gain a thorough understanding of the critical, but poorly understood, phenomenon of peak oil that has already had significant impacts on society in terms of high oil prices, and which will place increasing constraints on mankind's supply of energy and economic well-being in the coming years.

Shortlisted for the Financial Times and McKinsey Business Book of the Year Award, and one of The Observer's 'Thirty books to help us understand the world'. Are we really to blame for the climate crisis? Over 70 per cent of global emissions come from the same 100 organisations, but fossil-fuel companies have taken no responsibility themselves. Instead, they have waged a 30-year campaign to blame individuals. The result has been disastrous for our planet. In The New Climate War, renowned scientist Michael E. Mann argues that all is not lost. He draws the battle lines between the people and the polluters - fossil-fuel companies, right-wing plutocrats, and petro-states - and outlines a plan for forcing our governments and corporations to wake up and make real change.