The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. 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 has continued to impose constraints, but also provided 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 on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies 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 but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy. -- .

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.

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.

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.

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.

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.

Fluid Phase Behavior for Conventional and Unconventional Oil and Gas Reservoirs delivers information on the role of PVT (pressure-volume-temperature) tests/data in various aspects, in particular reserve estimation, reservoir modeling, flow assurance, and enhanced oil recovery for both conventional and unconventional reservoirs. This must-have reference also prepares engineers on the importance of PVT tests, how to evaluate the data, develop an effective management plan for flow assurance, and gain perspective of flow characterization, with a particular focus on shale oil, shale gas, gas hydrates, and tight oil making. This book is a critical resource for today's reservoir engineer, helping them effectively manage and maximize a company's oil and gas reservoir assets.

Practical Petroleum Geochemistry for Exploration and Production provides readers with a single reference that addresses the principle concepts and applications of petroleum geochemistry used in finding, evaluating, and producing petroleum deposits. Today, there are few reference books available on how petroleum geochemistry is applied in exploration and production written specifically for geologists, geophysicists, and petroleum engineers. This book fills that void and is based on training courses that the author has developed over his 37-year career in hydrocarbon exploration and production. Specific topical features include the origin of petroleum, deposition of source rock, hydrocarbon generation, and oil and gas migrations that lead to petroleum accumulations. Also included are descriptions on how these concepts are applied to source rock evaluation, oil-to-oil, and oil-to-source rock correlations, and ways of interpreting natural gas data in exploration work. Finally, a thorough description on the ways petroleum geochemistry can assist in development and production work, including reservoir continuity, production allocation, and EOR monitoring is presented. Authored by an expert in petroleum geochemistry, this book is the ideal reference for any geoscientist looking for exploration and production content based on extensive field-based research and expertise.

Petroleum Waste Treatment and Pollution Control combines state-of-the-art and traditional treatment and control methods for removing, controlling, and treating problems, such as groundwater contamination, aromatics, oil, grease, organic removal, and VOCs. The book is divided into seven chapters, with the first briefly introducing readers to the petroleum industry. The second and third chapters explain wastes in the petroleum industry and focus on its environmental impact, its regulations, and protection options. Chapters four, five, and six discuss the treatment of air emissions, oily wastewater, solid wastes, and disposal methods.. The final chapter provides remediation processes.

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.

This overview of project finance for the oil and gas industry covers financial markets, sources and providers of finance, financial structures, and capital raising processes. About US$300 billion of project finance debt is raised annually across several capital intensive sectors-including oil and gas, energy, infrastructure, and mining-and the oil and gas industry represents around 30% of the global project finance market. With over 25 year's project finance experience in international banking and industry, author Robert Clews explores project finance techniques and their effectiveness in the petroleum industry. He highlights the petroleum industry players, risks, economics, and commercial/legal arrangements. With petroleum industry projects representing amongst the largest industrial activities in the world, this book ties together concepts and tools through real examples and aims to ensure that project finance will continue to play a central role in bringing together investors and lenders to finance these ventures.

Inspired by the fortunes and misfortunes of the Getty family, whose most extraordinary and troubled episode - the kidnap and ransom of grandson Paul Getty - is now a major motion picture, directed by Ridley Scott, from a screenplay written by David Scarpa and starring Michelle Williams, Christopher Plummer and Mark Wahlberg.

This book, first published in 2007, presents research by leading scholars to an international audience of academics, business executives, and policy makers. This research is presented in two clusters. The first cluster of studies explores four cross-cutting topics, including surveys of the changes in industry structure, corporate strategies, plant technologies, governmental policies, finance, and corporate governance. The second cluster of studies comprises nine country surveys that examine the experiences of representative nations in chemical production and foreign trade. By combining the similar historical cases of a few nations (such as Sweden, Norway, and Finland), the authors are able to deal with eleven chemical-producing nations, including all of the leaders in this area as well as some of the important followers.

- Illuminates ignored histories, influential contemporary narratives, and emerging energy and environmental futures - Centres on North Atlantic and Arctic regions; the continuing but often strongly contested pursuit of oil and gas in frigid, tumultuous, and environmentally sensitive seas enforces the lengths to which corporations and governments will go to maintain the centrality of fossil fuels -Focuses on the cultural, social, and ecological implications of oil and gas extraction in the oceanic territories of Canada, Norway, the UK, Russia, the US, and the Inupiat of Alaska at a time of profound global uncertainty

- Illuminates ignored histories, influential contemporary narratives, and emerging energy and environmental futures - Centres on North Atlantic and Arctic regions; the continuing but often strongly contested pursuit of oil and gas in frigid, tumultuous, and environmentally sensitive seas enforces the lengths to which corporations and governments will go to maintain the centrality of fossil fuels -Focuses on the cultural, social, and ecological implications of oil and gas extraction in the oceanic territories of Canada, Norway, the UK, Russia, the US, and the Inupiat of Alaska at a time of profound global uncertainty

This book analyses the impact that stabilization clauses have on the development of human rights and gender laws in resource rich nations. Given the fact that stabilization clauses freeze the law for as long as the contract subsists there has been debate on the negative impact stabilization clauses have on the progressive development of human rights in the host State. Firstly, the book examines the mechanisms investors utilise in protecting themselves from host State prerogatives. It then explores the theoretical basis on which stabilization clauses are applied and upheld by arbitral tribunals, and assesses how they can be drafted in a way that protects human rights, particularly in relation to gender discrimination, without forcing the resource rich nations to lose momentum in attracting foreign direct investment. Using Zambia and the Gender Equity and Equality Act of 2015 as a case study, the book explores the compatibility of the legislation with the stabilization clauses contained in the country's Development Agreements. The book will be of interest to practitioners, scholars and students of international investment law, human rights law and contract law.

Examining the interplay between the oil economy and identity politics using the Kurdistan Region of Iraq as a case study, this book tells the untold story of how extractivism in the Kurdish autonomous region is interwoven in a mosaic of territorial disputes, simmering ethnic tensions, dynastic rule, party allegiances, crony patronage, and divergent visions about nature. Since the ousting of Saddam Hussein, the de-facto borders of the Kurdistan Region of Iraq have repeatedly changed, with energy interests playing a major role in such processes of territorialisation. However, relatively little research exists on the topic. This book provides a timely, empirical analysis of the intersections between extractive industries, oil imaginaries, and identity formation in one of the most coveted energy frontiers worldwide. It shines a light on relations between the global production networks of petro-capitalism and extractive localities. Besides the strained federal relationship with the Iraqi central government, the transformative effects the petroleum industry has had on Kurdish society are also explored in depth. Moreover, the book fills a gap in the literature on Kurdish Studies, which has devoted scant attention to energy-related issues in the re-imagination of Kurdish self-determination. This book will be of great interest to students and scholars of the extractive industries, energy studies, conflict studies, Middle Eastern politics, and political ecology.

Handbook of Materials Failure Analysis: With Case Studies from the Oil and Gas Industry provides an updated understanding on why materials fail in specific situations, a vital element in developing and engineering new alternatives. This handbook covers analysis of materials failure in the oil and gas industry, where a single failed pipe can result in devastating consequences for people, wildlife, the environment, and the economy of a region. The book combines introductory sections on failure analysis with numerous real world case studies of pipelines and other types of materials failure in the oil and gas industry, including joint failure, leakage in crude oil storage tanks, failure of glass fibre reinforced epoxy pipes, and failure of stainless steel components in offshore platforms, amongst others.

This book addresses the political ecology of the Ecuadorian petro-state since the turn of the century and contextualizes state-civil society relations in contemporary Ecuador to produce an analysis of oil and Revolution in twenty-first century Latin America. Ecuador's recent history is marked by changes in state-citizen relations: the election of political firebrand, Rafael Correa; a new constitution recognizing the value of pluriculturality and nature's rights; and new rules for distributing state oil revenues. One of the most emblematic projects at this time is the Correa administration's Revolucion Ciudadana, an oil-funded project of social investment and infrastructural development that claims to blaze a responsible and responsive path towards wellbeing for all Ecuadorians. The contributors to this book examine the key interventions of the recent political revolution-the investment of oil revenues into public works in Amazonia and across Ecuador; an initiative to keep oil underground; and the protection of the country's most marginalized peoples-to illustrate how new forms of citizenship are required and forged. Through a focus on Amazonia and the Waorani, this book analyzes the burdens and opportunities created by oil-financed social and environmental change, and how these alter life in Amazonian extraction sites and across Ecuador.

Oil and gas companies are repeatedly cited by regulatory organizations for poor training and maintenance on providing personal protective equipment to their refinery workers. Managers of refinery and petrochemical plants are responsible for instructing their workers with the types of equipment available, how to properly wear the equipment, how to properly care and maintain the equipment, and, most importantly, it's their responsibility to enforce these regulations and safety requirements. While there are many reference materials on the subject, most are too broad to apply directly to the unique and highly volatile atmosphere of an oil and gas operation. Personnel Protection and Safety Equipment for the Oil and Gas Industries answers the call for safety managers onsite as well as workers to understand all the safety equipment available specifically for the energy sector. Condensed into one convenient reference location, this training guide is designed to inform on several types of personnel protective clothing, firefighting protective clothing, respiratory protective devises available as well as many other types of protective equipment, including fall protection and vehicle safety belts and harnesses. Industry-specific examples, multiple illustrations, and a glossary of terms make Personnel Protection and Safety Equipment for the Oil and Gas Industries a must-have on every oil and gas operation.

The book offers a modern, comprehensive, and holistic view of natural gas seepage, defined as the visible or invisible flow of gaseous hydrocarbons from subsurface sources to Earth's surface. Beginning with definitions, classifications for onshore and offshore seepage, and fundamentals on gas migration mechanisms, the book reports the latest findings for the global distribution of gas seepage and describes detection methods. Seepage implications are discussed in relation to petroleum exploration, environmental impacts (hazards, pollution, atmospheric emissions, and past climate change), emerging scientific issues (abiotic gas and methane on Mars), and the role of seeps in ancient cultures. With an updated bibliography and an integrated analysis of available data, the book offers a new fundamental awareness - gas seepage is more widespread than previously thought and influences all of Earth's external "spheres", including the hydrosphere, atmosphere, biosphere, and anthroposphere.

The global energy scenario has transformed in the past 20 years. Oil demand, earlier driven by the West, is now shifting to the East, more specifically to Asia. New oil supplies from North America have challenged the hegemony of the traditional oil exporters from West Asia and Africa. India, once a marginal player in the world oil market, is now a valued customer providing demand security for oil exporters. This book systematically examines India's oil and gas trade, which makes it the world's third largest importer of oil after China and the US. It explores the changing patterns of oil demand and supply, and the growing market for natural gas, renewable energy, biofuel, and alternative sources of energy. Further, the volume discusses a range of issues that affect India's position in the global energy econom,y such as The geographic shifts in energy production and trade; international relations and economic sanctions that affect the oil trade; India's quest for energy security; and contest with China for oil assets; Building new partnerships, and investing in stable, oil-rich countries like the US and Canada, while keeping up existing energy relations with Saudi Arabia, the UAE and Kuwait; Using market mechanisms to ensure energy security. Topical and comprehensive, this book in The Gateway House Guide to India in the 2020s series will be useful for scholars and researchers of international relations, geopolitics, foreign policy, security and strategic studies, energy studies, West Asia studies, South Asian studies, and international trade. It will also be of interest to policymakers, diplomats, career bureaucrats, and professionals working with think tanks, academia and multilateral agencies, media agencies, and businesses.