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 -- .

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.

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.

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.

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.

This book is an introduction to oil and gas designed to be both accessible to absolute beginners who know nothing about the subject, and at the same time interesting to people who work in one area (such as drilling or seismic exploration) and would like to know about other areas (such as production offshore, or how oil and gas were formed, or what can go wrong).It begins by discussing oil and gas in the broader context of human society, and goes on to examine what they consist of, how and where they were formed, how we find them, how we drill for them and how we measure them. It describes production onshore and offshore, and examines in detail some instructive mishaps, including some that are well known, such as Deepwater Horizon and Piper Alpha, and other lesser known incidents. It looks at recent developments, such as shale oil, and concludes with some speculation about the future. It includes many references for readers who would like to read further. Mathematical content is minimal.

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.

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.

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.

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 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.

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 book, originally published in 1981, discusses the various welfare effects - including ai, debt, trade and labour flows - of the rise in oil prices and revenues which took place in the 1970s. These complex effects and the negotiating stances of the developing countries are all examined an dinvestigated, drawing upon a wide range of sources and material for the more quantitative parts. Throughout, however, the treatment is non-mathematical and is written in clear English accessible not only to bankers and polititians, but also students of economics, international relationjs and area studies.

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.

This book provides a comprehensive and unique perspective on China's oil and natural gas industry and a practical roadmap to reforms.The book begins with a thorough examination of the status quo of China's oil and natural gas industry. It explores the evolution, transition, and characteristics of the oil industry of China, and unveils the problems that caused ineffectiveness of the oil and petroleum products market, namely, the dominance of monopoly enterprises, price regulation, and restriction to entry. It provides an insightful analysis on the efficiency losses and welfare losses the monopoly system brings to the society as the current system distorts income distribution, violates the principle of fairness, and stands against the market rules and the legal pillars of the Chinese constitution. This book argues that the monopoly system in the oil industry of China results in a variety of toxic influences and that reforms are needed. It then offers a roadmap to reforms in the oil and petroleum products market in an incremental fashion.The findings and proposals of the Chinese version of this book have proved to be successful, as they led to immediate shifts in the policies of the Chinese authorities. This book provides valuable insights into the urgency involved in carrying out reforms in the oil and petroleum products market in China, with concrete and up-to-date statistics, comprehensive and detailed analyses, and authoritative and authentic sources.