Some of the trades covered in the book are well known but most are only known to a small group or to market specialists. The ability to 'see into' actual trades offers a fascinating and unprecedented insight for those interested in the oil markets and gives the book broad appeal. The book can be used as an educational reference work by market participants and as a more general guide to how the crude oil market operates and the strategies that traders employ. There are very academic books about the theory of trading but nothing that directly covers real-life examples of innovative and winning trades, each of which illuminate a different aspect of trading or a different era in the oil markets. The presentation of each individual trade has been designed so that they can be used as case studies by business schools.

Any understanding of the complex politics of the post-Soviet Caucasus presupposes an understanding of the relationship between the transportation of Azerbaijan's oil, inter-state relations and ethnic conflicts. Energy and Security in the Caucasus is an ambitious new contribution to the debate revolving around the geo-politics of the Caucasus.

Series Information:
Harwood Fundamentals of Pure & Applied Economics

The petroleum industry is arguably the most influential and important industry in the world. This book offers a comprehensive introduction to the economics of oil and natural gas extraction and production along with a detailed discussion of pricing, taxing, and markets of these most valuable commodities.

The optimization of the time profile of revenues from individual fields is discussed along with the development of oil pricing, tax systems, and oil and natural gas regulation. This book will be of great value to petroleum engineers, students in business and economics, policy makers, and anyone else interested in the future of petroleum production.

An analysis of the condition of the oil industry at the start of the 21st century. It demonstrates that the chief concern of the industry over the next couple of decades will not be its availability but its acceptability. Having dominated the 20th century, playing a crucial role in industrial development, oil now faces an unprecedented series of challenges: as a major polluter, it faces competition from other energy sources - gas and renewables - and ever more stringent regulation and control, with higher taxes. Faced with these pressures, the oil companies are repositioning themselves as energy industries - and oil is certain to have a diminishing share in their portfolio of fuels.;The implications are enormous, given the current dependence on oil of so much industry and government revenue. This book should be useful to all those involved with oil, from industry professionals to competitors, commentators, investors, managers, politicians and regulators, as well as more general readers.

This comprehensive book addresses both the principles and practicalities of petroleum unitization by mapping out the evolution of and rationale for unitization in legislation and by providing much-needed guidance on the formulation of a legislative framework for effective regulatory governance of the unitization process. Drawing on his own extensive experience of the global petroleum industry and his insights into petroleum unitization in some 90 jurisdictions worldwide, Paul F. Worthington discusses the key elements of legislation for incorporation into petroleum unitization statutes, implementing regulations and production contracts. He provides a basis for legal drafting at all levels of this tripartite legislative framework as well as guidelines for compliance with good international petroleum practice. The Law on Petroleum Unitization: Legislating for Effective Regulatory Governance will prove essential reading for legal practitioners working in government ministries with a responsibility for energy affairs as well as for energy regulators, energy companies and those legal firms who provide unitization advice. Petroleum consultancies, negotiators and energy policy advisers within professional bodies and academia will also benefit from this book's thorough and incisive treatment of the subject matter.

The Political Economy of Venezuelan Oil describes the historic role of multinationals in establishing the oil industry there and the resulting coordination of an integrated, nationalized industry. Randall posits that the nationalization of the Venezuelan oil industry was strikingly different from that in Brazil and Mexico. Besides giving a detailed description of the structure and management of this industry, she also provides a history of labor conditions and an analysis of the impact of the oil industry on Venezuela's overall economy.

Over the next few years, political and financial power will move in the direction of individuals, companies and nations that are able to use energy in a more efficient way. This book describes this challenge and presents a way forward by which we may achieve the goal of increased energy efficiency in the different areas that need to change.

This book provides an alternative approach to analyzing Western Europe's much-debated dependence on Russian natural gas. The actual and potential consequences of this dependence have in recent years become a growing concern both in individual importing countries and at the level of the European Union. Russian gas exports have come to decisively influence EU-Russia relations and there is nowadays hardly any aspect of these relations that can be discussed without, directly or indirectly, taking into account natural gas. But despite the central importance of Russian natural gas exports in present-day European and Russian affairs, little attention has been paid to the political and economic decisions that - starting in the late 1960s - paved the way for large-scale imports of Russian gas. Applying a systems and risk perspective on international energy relations, author Per Hogselius investigates how and why governments, businesses, engineers and other actors sought to promote - and oppose- the establishment of an extensive East-West natural gas regime that seemed to overthrow the fundamental logic of the Cold War.

This book covers execution of mega industrial projects especially in oil and gas industries covering engineering, procurement, construction, commissioning and performance testing. It enumerates various tasks and deliverables under each discipline and sub-disciplines to define the detailed scope of work, supplies and services, as per level III of Prima Vera Schedule developed from the contract-based schedule. It gives an overall idea of how a project rolls out from commencement date to initial acceptance and executed practically with total contractor's scope of work broken down into tasks/activities at level III platform, while highlighting that support for fool proof project execution.

A study of Britain's imperial policy in the Middle East over oil, finance and defence. This book brings together different accounts of British policy in the early 20th century, particularly in the Ottoman Empire, to reflect a consistent pattern of preoccupation, policy-making and diplomacy.

Until as recently as the late 1970s, the main channel for oil distribution was the integrated system of the major oil companies, while the volume of spot trading was limited to roughly 5 percent of the total oil trade. Today, spot and spot-related deals account for 80 to 85 percent of internationally traded petroleum, and have ushered in a new era of petroleum trading. In this work, Hossein Razavi and Fereidun Fesharaki offer a detailed study of the workings and issues surrounding today's oil trading market as they apply to all parties involved in the production, distribution, and consumption of petroleum. They provide a complete description of petroleum spot markets, futures, and options trading, and their interlinkages with contract sales.

Razavi and Fesharaki cover a wide range of topics, and challenge the generally accepted view that spot and futures trading have wrested the power of price setting away from OPEC. They claim that prices are still determined by supply, which OPEC continues to influence. The book is divided into four sections, beginning with an overview of recent developments in spot, futures, and contract trading. Section two provides an analysis of spot and spot-related deals, while the third section describes the mechanics, organization, and evolution of petroleum futures markets and options trading. The work concludes with an in-depth section on interlinkages, examining the interactions among various segments of the market, including spot and futures trading, petroleum stock building, and OPEC. This book will be a valuable resource tool for libraries as well as a wide range of users, from oil industry professionals and financial analysts to students of energy-related topics.

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

***BUSINESS BOOK AWARDS 2022 SHORTLISTED TITLE*** An insider's view of the challenges that big businesses face in the developing world: the opportunities, pitfalls, political and personal challenges involved. Babs Omotowa has spent his life rejecting the status quo. His own career disproves the unthinking perception that Africans underperform in global businesses, and his insistence that issues such as community development, corruption, transparency and pollution belong on the corporate agenda alongside financial targets has helped big businesses to revolutionize their approach in the developing world. The remarkable story of 'Hurricane Babs' - from storeroom keeper to global VP - showcases the issues that big businesses face in developing countries and reveals how multinational companies and leaders can best navigate these challenges: with integrity and courage.

Today, raw data on any industry is widely available. With the help of artificial intelligence (AI) and machine learning (ML), this data can be used to gain meaningful insights. In addition, as data is the new raw material for today's world, AI and ML will be applied in every industrial sector. Industry 4.0 mainly focuses on the automation of things. From that perspective, the oil and gas industry is one of the largest industries in terms of economy and energy. Applications of Artificial Intelligence (AI) and Machine Learning (ML) in the Petroleum Industry analyzes the use of AI and ML in the oil and gas industry across all three sectors, namely upstream, midstream, and downstream. It covers every aspect of the petroleum industry as related to the application of AI and ML, ranging from exploration, data management, extraction, processing, real-time data analysis, monitoring, cloud-based connectivity system, and conditions analysis, to the final delivery of the product to the end customer, while taking into account the incorporation of the safety measures for a better operation and the efficient and effective execution of operations. This book explores the variety of applications that can be integrated to support the existing petroleum and adjacent sectors to solve industry problems. It will serve as a useful guide for professionals working in the petroleum industry, industrial engineers, AI and ML experts and researchers, as well as students.

Long-term Environmental Effects of Offshore Oil and Gas Development contains 14 chapters by different authors which focus on the US.

From the hill country in the north to the marshy lowlands in the south, Louisiana and its citizens have long enjoyed the hard-earned fruits of the oil and gas industry's labor. Economic prosperity flowed from pioneering exploration as the industry heralded engineering achievements and innovative production technologies. Those successes, however, often came at the expense of other natural resources, leading to contamination and degradation of land and water. In A Thousand Ways Denied, John T. Arnold documents the oil industry's sharp interface with Louisiana's environment. Drawing on government, corporate, and personal files, many previously untapped, he traces the history of oil-field practices and their ecological impacts in tandem with battles over regulation. Arnold reveals that in the early twentieth century, Louisiana helped lead the nation in conservation policy, instituting some of the first programs to sustain its vast wealth of natural resources. But with the proliferation of oil output, government agencies splintered between those promoting production and others committed to preventing pollution. As oil's economic and political strength grew, regulations commonly went unobserved and unenforced. Over the decades, oil, saltwater, and chemicals flowed across the ground, through natural drainages, and down waterways. Fish and wildlife fled their habitats, and drinking-water supplies were ruined. In the wetlands, drilling facilities sat like factories in the midst of a maze of interconnected canals dredged to support exploration, manufacture, and transportation of oil and gas. In later years, debates raged over the contribution of these activities to coastal land loss. Oil is an inseparable part of Louisiana's culture and politics, Arnold asserts, but the state's original vision for safeguarding its natural resources has become compromised. He urges a return to those foundational conservation principles. Otherwise, Louisiana risks the loss of viable uses of its land and, in some places, its very way of life.

The demand for oil and gas has brought exploration and production to unprecedented depths of the world's oceans. Currently, over 50% of the oil from the Gulf of Mexico now comes from waters in excess of 1,500 meters (one mile) deep, where no oil was produced just 20 years ago. The Deepwater Horizon oil spill blowout did much to change the perception of oil spills as coming just from tanker accidents, train derailments, and pipeline ruptures. In fact, beginning with the Ixtoc 1 spill off Campeche, Mexico in 1979-1980, there have been a series of large spill events originating at the sea bottom and creating a myriad of new environmental and well control challenges. This volume explores the physics, chemistry, sub-surface oil deposition and environmental impacts of deep oil spills. Key lessons learned from the responses to previous deep spills, as well as unresolved scientific questions for additional research are highlighted, all of which are appropriate for governmental regulators, politicians, industry decision-makers, first responders, researchers and students wanting an incisive overview of issues surrounding deep-water oil and gas production.

This book covers Gulf Oil Company items from by-gone years. Arranged in easy-to-follow alphabetical sections, it has over 700 color photos and descriptions of popular Gulf-related service stations, blotters, signs, pumps, globes, toys, and many more items with current market values. Collecting the advertising, promotional items, and products from Gulf Oil provides a colorful, nostalgic, and never-ending hobby.

This book concisely describes the architecture of the oil and gas pipelines in the Black-Caspian Seas Region and analyzes the status quo and perspectives of oil and gas production in this region. The authors present numerous projects, each of which has made a substantial contribution to the development of pipeline transport and transit in this part of the world, and discuss them in detail. The topics covered include: the region's geographic characteristics; the region's hydrocarbon potential; Russian and EU policy on pipeline transport; Kazakhstan's pipeline policy; Chinese pipeline projects; the Bulgarian gas transmission system; environmental risks in the production and transportation of hydrocarbons; satellite monitoring; and subsea leak detection. This volume offers a valuable resource for politicians, specialists in the oil and gas business, decision-makers, and environmentalists alike.

Some of the trades covered in the book are well known but most are only known to a small group or to market specialists. The ability to 'see into' actual trades offers a fascinating and unprecedented insight for those interested in the oil markets and gives the book broad appeal. The book can be used as an educational reference work by market participants and as a more general guide to how the crude oil market operates and the strategies that traders employ. There are very academic books about the theory of trading but nothing that directly covers real-life examples of innovative and winning trades, each of which illuminate a different aspect of trading or a different era in the oil markets. The presentation of each individual trade has been designed so that they can be used as case studies by business schools.

This work explores problems in national development in the Third World using Nigeria during the petroleum boom as a case study. The book explores how historical, political, ideological, economic, social, and cultural factors affected Nigeria's development and policies. Special attention is devoted to the development paradigms that influenced Nigerian development thinking, the national planning apparatus, nationalist ideology, and the role of world market and multinational corporations. "Petroleum and Structural Change in a Developing Country" concludes that Nigeria has experienced growth without change and that unless structural change is implemented, real development will remain elusive.

Research on the role of states and markets in the hydrocarbon sector is highly topical in contemporary International Political Economy. This edited collection will approach this subject from a broader perspective, investigating the very essence of the interaction between the state and the market and how this varies on a regional basis.

OPEC and the World's Energy Future offers a complete account of OPEC's past, present, and possible future in relation to economic, political, and technological changes. It focuses on the impacts of recent international political and economic developments and analyzes the factors affecting OPEC as well as the world oil market. Offers readers a thorough understanding of the interplay among international economics, politics, and technological advances and their effect on the world oil market Describes the continued importance of oil and gas as major sources of energy throughout the world Examines OPEC's history and merits, highlights differences among OPEC members, and discusses OPEC's relations with the outside world Illustrates the impact of new technologies and how they may challenge and change the organization in the near and long term Aimed at policy makers, managers, scientists, and technologists in the oil and gas industry, this work offers readers a thorough understanding of the interplay among international economics, politics, and technological advances and their effect on the world oil market.

This book explores Ghana's newfound oil wealth and how the revenues it generates can be used to produce inclusive economic growth and development. Comparisons are made with neighboring countries, including Nigeria, Angola, and Equatorial Guinea, to highlight how petroleum resources can create jobs, increase research and development skills, and generate government revenue to invest in local services and infrastructure. The impact of global developments, such as the 2014-16 oil slump and innovation within the industry, are also covered. Petroleum Resource Management in Africa to provide policy suggestions and an operational framework for other petroleum producing countries. It will be of interest to academics and policymakers interested in resource and development economics.