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 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.

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.

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.

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.

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.

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.

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.

"Offshore Safety Management, Second Edition" provides an experienced engineer's perspective on the new Safety and Environmental System (SEMS) regulations for offshore oil and gas drilling, how they compare to prior regulations, and how to implement the new standards seamlessly and efficiently. The second edition is greatly expanded, with increased coverage of technical areas such as engineering standards and drilling, and procedural areas such as safety cases and formal safety assessments. The new material both complements the SEMS coverage and increases the book's relevance to a global audience.

Following the explosion, fire, and sinking of the Deepwater Horizon floating drilling rig in April 2010, the Bureau of Ocean Energy Management, Regulations, and Enforcement (BOEMRE) issued many new regulations. One of them was the Safety and Environmental System rule, which is based on the American Petroleum Institute's SEMP recommended practice, finalized in April 2013.

Author Ian Sutton explains the SEMS rule, and describes what must be done to achieve compliance. Each of the twelve elements of the SEMS rule (such as Management of Change and Safe Work Practices) is described in the book, and guidance is provided on how to meet BOEMRE requirements.
Detailed explanation of how to implement the new SEMS standard for offshore operationsTies the new regulations in with existing safety management approaches, helping managers leverage existing processes and paperworkWith CEOs now signing off on compliance paperwork, this book provides expert insights so you can get SEMS compliance right the first time

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.

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.

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.

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.

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 -- .

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.

The first book to look at how energy companies can develop brands as they move to more sustainable energy solutions. The world is facing climate crisis, and never before has the world been looking at the energy industry to solve the delivery of power in ways that do not damage the planet. Includes insights from energy business leaders and is therefore more than an academic thesis, but a practical guide to resolving these branding and sustainability challenges.

This book explores an ongoing puzzle: why don't catastrophic events, such as oil shocks and nuclear meltdowns, always trigger transitions away from the energy technologies involved? Jennifer F. Sklarew examines how two key factors - shocks and stakeholder relationships - combine to influence energy system transitions, applying a case study of Japan's trajectory from the time of the 1970s oil crises through the period following the 2011 Fukushima Daiichi nuclear disaster. Examining the role of diverse stakeholders' resilience priorities, she focuses on how changes in stakeholder cooperation and clout respond to and are affected by these shocks, and how this combination of shocks and relationship changes shapes energy policies and policymaking. From Japan's narrative, the book derives unique and universal lessons for cooperation on innovation and energy system resilience applicable to communities and nations around the globe, including implications for transitions in the context of the COVID-19 pandemic. The book also places energy system resilience and innovation in the broader context of the food-energy-water-climate nexus. Building Resilient Energy Systems: Lessons from Japan will appeal to all levels of readers with an interest in energy policy, energy technologies and energy transitions: experts and specialists; academics and students; practitioners and policymakers.

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.

You hold in your hands the most original guide to understanding the oil and gas world - from exploration and production to the related economics and geopolitics. Tim Daley has spent years travelling the world and living as an expatriate in a quest to secure resources and meet humanity's energy demands. After several decades in the hydrocarbon business, he was keen to write a book about his experiences in an easily accessible language, enabling everyone to grasp the technicalities involved in evaluating the resources that lie beneath our feet. If you want to learn how hydrocarbons are discovered and produced, Tim's explanations have the added colour of vivid descriptions of the sites discussed and allow you to meet some of the most important characters in the industry, and to gain new insights into this global industry. In addition, the depictions of key events and locations add an element of national politics and travelogue feel. This book is intended for all members of the general public interested in how hydrocarbon resources are discovered, providing a concise account of how oil geologists view the subsurface, and illustrated by the author's personal experiences in countries around the world. The book will also be of interest to ex-oil industry workers, allow geologists to compare the author's experiences to their own, and provide non-geologists essential insights into how the oil is won. Written in an informal style, it makes for a relaxing yet informative reading experience.

This book explores an ongoing puzzle: why don't catastrophic events, such as oil shocks and nuclear meltdowns, always trigger transitions away from the energy technologies involved? Jennifer F. Sklarew examines how two key factors - shocks and stakeholder relationships - combine to influence energy system transitions, applying a case study of Japan's trajectory from the time of the 1970s oil crises through the period following the 2011 Fukushima Daiichi nuclear disaster. Examining the role of diverse stakeholders' resilience priorities, she focuses on how changes in stakeholder cooperation and clout respond to and are affected by these shocks, and how this combination of shocks and relationship changes shapes energy policies and policymaking. From Japan's narrative, the book derives unique and universal lessons for cooperation on innovation and energy system resilience applicable to communities and nations around the globe, including implications for transitions in the context of the COVID-19 pandemic. The book also places energy system resilience and innovation in the broader context of the food-energy-water-climate nexus. Building Resilient Energy Systems: Lessons from Japan will appeal to all levels of readers with an interest in energy policy, energy technologies and energy transitions: experts and specialists; academics and students; practitioners and policymakers.

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.

This book focuses on corporate social responsibility (CSR) records of Chinese oil investments in five Latin American countries: Peru, Ecuador, Argentina, Colombia, and Venezuela. These investments have been spearheaded by China's national oil companies and their behavior has been scantly studied. The author uses comparative case studies to empirically examine existing theories of CSR. By using oil companies as the basic unit of analysis, this project adds a micro-level dimension to the field of China-Latin America relationship. It is ideal for audiences interested in the political economy of the oil industry, China, Latin America, and corporate social responsibility.

With the end of the British Raj in 1947, the Foreign Office replaced the Government of India as the department responsible for the Persian Gulf, and would proceed to manage relations with the Trucial States (now the United Arab Emirates, UAE) until British withdrawal in 1971. This work is a comprehensive history of British policy in the region during that period, situated for the first time in its broad historical and political context. Tancred Bradshaw - an academic historian with extensive experience in the region - sheds light onto the discovery of oil in Abu Dhabi in the 1950s, Foreign Office attempts to instigate a long-term development policy in the region, the slow end of the British Empire, the origins of the UAE and - most importantly - the British legacy in this geopolitically crucial region today. The book relies on 40,000 pages of archival material, much of it previously unused, and will be of interest to Imperial historians, as well as anyone working on the history and politics of the Middle East and the Persian Gulf.