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.

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.

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

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 work offers an overview of the oil and gas insurance market. It addresses market credits, how oil and gas insurance product developed and their function, and analyzes the types of claims and litigation arising, as well as alternative means of dispute resolution. Relevant EC Directives and their impact on placing oil and gas contracts are examined as are approaches to mutural indemnities in North Sea Contracts. In the context of the increasing magnitude and sophistication of the international oil and gas industry, the critical role of risk management is considered.

The Kahans from Baku is the saga of a Russian Jewish family. Their story provides an insight into the history of Jews in the Imperial Russian economy, especially in the oil industry. The entrepreneur and family patriarch, Chaim Kahan, was a pious and enlightened man and a Zionist. His children followed in his footsteps in business as well as in politics, philanthropy, and love of books. The book takes us through their forced migration in times of war, revolution, and the twentieth century's totalitarian regimes, telling the story of fortune and misfortune of one cohesive family over four generations through Russia, Germany, Denmark, and France, and finally on to Palestine and the United States of America.

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.

***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.

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.

Oil is the most vital resource of our time. Because it is so important, misperceptions about the black gold abound. Leonardo Maugeri clears the cobwebs by describing the colorful history of oil, and explaining the fundamentals of oil production. He delivers a unique, fascinating, and controversial perspective on the industry--as only an insider could. The history of the oil market has been marked, since its inception, by a succession of booms and busts, each one leading to a similar psychological climax and flawed political decisions. In a single generation, we've experienced the energy crisis of 1973; the dramatic oil countershock of 1986; the oil collapse of 1998-99 that gave rise to the idea of oil as "just another commodity;" and the sharp price increases following hurricane Katrina's devastation in the Gulf of Mexico. Today, we are experiencing a global oil boom that, paradoxically, seems to herald a gloomy era of scarcity exacerbated by growing consumption and the threat from Islamic terrorism in the oil-rich Middle East. Maugeri argues that the pessimists are wrong. In the second part of his book, he debunks the main myths surrounding oil in our times, addressing whether we are indeed running out of oil, and the real impact of Islamic radicalism on oil-rich regions. By translating many of the technical concepts of oil productions into terms the average reader can easily grasp, Maugeri answers our questions. Ultimately, he concludes that the wolf is not at the door. We are facing neither a problem of oil scarcity, nor an upcoming oil blackmail by forces hostile to the West. Only bad political decisions driven by a distorted view of current problems (and who is to blame for them)can doom us to a gloomy oil future.

The period from 1957-1988 was transformative for the international oil industry. As the home to two major oil companies, BP and Shell, as well as the possessor of large quantities of oil and gas in its territorial waters, the United Kingdom was at the heart of this transition. While famous for its liberal policy towards oil and gas production, both before and after the discovery of North Sea oil and gas, this period actually saw the United Kingdom respond to shifts in power from the major oil companies to the oil-producing states, many of them in OPEC, by building up its competency regarding oil matters. This took the form of efforts to influence the activities of BP and Shell abroad as well as in creation of a state-run oil company, the British National Oil Corporation, in an attempt to exercise greater state control over oil and gas production and distribution. The failure of these efforts was driven in part by internal divisions within Whitehall, the efforts of the oil companies themselves, and ultimately the political will of the Conservative Party under Margaret Thatcher to get the state out of the business of oil and gas.

Multinational corporations are not merely the problem in environmental concerns, but could also be part of the solution. The oil industry and climate change provide the clearest example of how the two are linked; what is less well-known is how the industry is responding to these concerns. This volume, available for the first time in paperback, presents a detailed study of the climate strategies of ExxonMobil, Shell and Statoil. With an innovative analytical approach, the authors explain variations at three decision-making levels: within the companies themselves, in the national home-bases of the companies, and at an international level. The analysis generates policy-relevant knowledge about whether and how corporate resistance to a viable climate policy can be overcome. The analytical approach developed by the authors is also applicable to other areas of environmental degradation where multinational corporations play a central role. The book is invaluable to students, researchers and practitioners interested in national and international environmental politics and business environmental management. This book is relevant to United Nations Sustainable Development Goal 13, Climate action -- .

Oil Recovery in Shale and Tight Reservoirs delivers a current, state-of-the-art resource for engineers trying to manage unconventional hydrocarbon resources. Going beyond the traditional EOR methods, this book helps readers solve key challenges on the proper methods, technologies and options available. Engineers and researchers will find a systematic list of methods and applications, including gas and water injection, methods to improve liquid recovery, as well as spontaneous and forced imbibition. Rounding out with additional methods, such as air foam drive and energized fluids, this book gives engineers the knowledge they need to tackle the most complex oil and gas assets.

A History of International Oil Politics is both an argument for multi-theoretical pluralism and a proposal for a theory-synergetic approach in international relations. Murad Gassanly, a distinguished international relations scholar and rising British politician, explores how international relations paradigms could be utilized in approaching the vital field of international oil politics, specifically historical issues of international energy politics and comparative case studies of energy transmission networks - the Baku-Tbilisi-Ceyhan Pipeline and the Southern Gas Corridor. This highly original study explores the historical timeline of global energy to demonstrate how a theory-synergetic analysis might offer a deeper and more holistic understanding. As an academic discipline, international relations now offers a maelstrom of competing epistemological, ontological, and normative contestations. Gassanly, however, argues that theoretical diversity has knowledge-producing and maximizing potential and that pluralism does not impede academic progress. Applying different theoretical models to oil politics reveals different realities, but the synergetic whole is greater than the sum of its constituent paradigmatic parts. Empirical convergences between theoretical accounts provides a broad analytical framework for active theoretical synergy.

Economic and strategic power is not the exclusive province of powerful, developed countries. Kuwait has used its main resource, oil, to integrate itself into the world economy as an autonomous actor rather than as a dependent commodity exporter. This daring economic strategy enabled Kuwait to claim military support from governments hosting its direct investments overseas in 1990-91 following its invasion by Iraq. Based on five years of research, including interviews with more than 200 people, Dr. Tetreault's book analyzes the development of the Kuwait Petroleum Corporation in the context of domestic, regional, and world politics. Contrary to current thinking, she argues that multinational vertical integration under state ownership can be an optimal strategy for oil-exporting, developing countries, particularly those whose resource endowments are otherwise highly limited. This book is directed toward executives in natural resource industries, economic and strategic planners in public and private institutions, and those charged with the formulation and implementation of national, international, and transnational economic policy; in addition, it is of interest to academics specializing in political economy, development, industrial organization, regional and domestic politics, and international relations.

This book explores the challenges and opportunities at the intersection of the global mining sector and local communities by focusing on a number of international cases drawn from various locations in Canada, the Philippines and Scandinavia. Mining's contribution to economic development varies greatly across countries. In some, it has been a major engine of development, but in others, disputes have erupted over land use, property rights, environmental damage, and revenue sharing. Corporate social responsibility programs are increasingly relied upon to manage company-community relations, yet conflicts persist in many settings, with significant costs for companies and communities. Exploring the many factors and drivers that characterise relationships among different actors within the sector, the volume contributes towards the development of practical wisdom, collective understanding, common sense, and prudence required for the mining sector and community partners to realize the economic potential and social and environmental responsibilities of non-renewable resource development. The book examines case studies from Canada, Scandinavia and the Philippines, three regions amongst the world's top countries of mining operations. Drawing on their extensive experience in these regions, the contributors explore distinctive mining sectors in the Global North and South, the variation surrounding different types of extractive industries, and at different scales, and the legal processes in place to protect local communities. Key themes include corporate social responsibility, impact assessment, foreign ownership, Indigenous Peoples, gender, local insurgency and mining disasters as well as climate change. The book identifies areas of future research and pathways to achieving stronger, respectful and mutually beneficial relationships at the nexus of global mineral extraction and local communities. This book will be of great interest to students and scholars of the extractive industries, natural resource management, sustainable business and corporate social responsibility, Indigenous studies, and sustainable planning and development.

Petroleum Rock Mechanics: Drilling Operations and Well Design, Second Edition, keeps petroleum and drilling engineers centrally focused on the basic fundamentals surrounding geomechanics, while also keeping them up-to-speed on the latest issues and practical problems. Updated with new chapters on operations surrounding shale oil, shale gas, and hydraulic fracturing, and with new sections on in-situ stress, drilling design of optimal mud weight, and wellbore instability analysis, this book is an ideal resource. By creating a link between theory with practical problems, this updated edition continues to provide the most recent research and fundamentals critical to today's drilling operations.

The Fossil Fuel Revolution: Shale Gas and Tight Oil describes the remarkable new energy resources being obtained from shale gas and tight oil through a combination of directional drilling and staged hydraulic fracturing, opening up substantial new energy reserves for the 21st Century. The book includes the history of shale gas development, the technology used to economically recover hydrocarbons, and descriptions of the ten primary shale gas resources of the United States. International shale resources, environmental concerns, and policy issues are also addressed. This book is intended as a reference on shale gas and tight oil for industry members, undergraduate and graduate students, engineers and geoscientists.

Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix Chapter 1 INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Chapter 2 REDRAWING THE BOUNDARIES BETWEEN STATE AND COMPANY . . . 3 Chapter 3 STATE PARTICIPATION IN THE ECONOMY . . . . . . . . . . . . . . . . . . . . . 25 Chapter 4 INTERNATIONAL ECONOMIC INSTABILITY . . . . . . . . . . . . . . . . . . . . . 49 Chapter 5 THE FAILURE OF OPEC TO SECURE ECONOMIC RENTS . . . . . . . . . . 67 Chapter 6 TURNING BLACK GOLD INTO DEVELOPMENT . . . . . . . . . . . . . . . . . . 81 Chapter 7 NATIONAL OIL COMPANIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 Chapter 8 AMBITIOUS CONSOLIDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127 Chapter 9 STRATEGIC CONSOLIDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165 PREFACE This book has been kicking around my desk for quite some time. On and off I returned to my work on the role of the state in the economy and the international oil market, but for a long time I was not satisfied with the shape it was in. I understand now that I needed the insights developed over the past couple of years on the role of the state, regulation, liberalization, privatization, and the recent events in the international oil industry to bring all my ideas together in a more coherent format. It was the events that followed the Asian financial crisis that drew me back to finish writing this book. The early beginnings of this book were developed at the Institute of International Affairs, Chatham I-louse, in London, where I was a research fellow with the Energy and Environment Programme in 1992 and 1993. At the Colorado School of Mines, I had the opportunity to test my ideas in a graduate class, and continue the research.

This pathbreaking survey analyzes a complex subject and is especially timely at this critical juncture of international affairs. Abbas Alnasrawi covers the field from the emergence of modern Arab economic dependence to the present mid-eastern impasse. Alnasrawi contends that Arab economic development was shaped by Arab nationalist thought, the emergence of the oil industry in the Arab region, and the integration of Arab economies into the international economic system. The volume takes a clear-sighted look at the evolution of each of the three forces and details their impact on the development of the Arab economies, along with their present status. The contradictions between the needs of the single state and the needs of Arab economic integration, Arab unity, and pan-Arab economic planning receive special attention. Alnasrawi develops the concept of derivative dependency, illustrating the extent to which the economies of the non-oil states are being affected by what happens to the economies of the oil-producing states. The final chapter presents a detailed picture of the forces that led to the Iraqi invasion of Kuwait and integrates the events of August 1990 with the main themes of the book. Arab economic development is addressed in ten chapters that cover the period from the first phase of Arab dependency during the Ottoman period, 1500-1800, until the present time. Discussions of Arab dependency in the context of world capitalism, the emergence of modern Arab nationalism, and current Arab economic thought and writings are the focus of the first two chapters. Arab nationalism and Arab economic unity, multinational oil and the deepening of Arab dependency, and the Arab oil "weapon" areconsidered in the next three chapters. Chapter six examines the role of Saudi Arabia and the United States in the fall of OPEC. In "The 1980s, The Gulf War, and the Myth of Arab Oil Power," Alnasrawi explores the role of stockpiles, price revolution to price collapse, and the determinants of Saudi oil policy. Chapter eight takes a look at the dimensions of Arab economic dependency and closes with some observations on the political economy of Arab dependency. The book concludes with a chapter on the current problems of the Arab economies and their future prospects. Finally, the epilogue sheds new light on the present situation in Kuwait and shows how the Iraqi invasion supports the main themes of the volume. This in-depth review of Arab economic development puts this subject into a manageable context for students of Third World development, international relations, multinational oil policy, and foreign policy. It will also be an invaluable resource for courses dealing with the economics of oil, Middle East economic development, international economic problems, and international political economy.