Governments have been involved in the exploration, development, production, and abandonment of offshore oil and gas since the early years of the century. With the 1965 discovery of oil and natural gas in the North Sea, both Great Britain and Norway faced the immense challenge of extracting an energy bonanza out of one hundred meters of water and two thousand meters of rock. In this book Brent Nelsen explains the factors behind state involvement in offshore petroleum activities. From his analysis of government workings in Great Britain and Norway he concludes that state intervention is determined by complex interactions among government officials, economic interests, and environmental pressures.

Nelsen shows how Britain and Norway have intervened in the offshore oil business: minimal intervention--whereby the state simply distributes offshore territory to private enterprise, and protects workers and the environment; regulatory intervention--in which the state oversees every aspect of petroleum development; and participatory intervention--in which the state actually enters the business as an entrepreneur. Both states used all three types of intervention at different times, and Nelsen explains how their actions varied, and why. He bases his conclusions on evidence gathered from interviews with politicians, ministry officials, corporate executives, and interest group leaders. This book will be of considerable interest to students of European politics, political economy, public policy, and energy politics.

First published in 1969. Routledge is an imprint of Taylor & Francis, an informa company.

The oil industry is the world's largest commercial enterprise. Its extent is global; international issues are consistently influenced by considerations of oil production and consumption, while the international communications networks of the larger oil companies rival those of many nations. In this, the eighth edition of Oil and World Power, published in 1986, Peter Odell explains the complexities of this gigantic empire and its influence on the world. The far-reaching chapters discuss the U.S.A, the Soviet Union, O.P.E.C., Japan and the oil-consuming countries of the developing world. Evaluating the changing patterns of oil supply and the dramatic fall in oil prices in 1986, Odell proposes a number of forward-thinking conclusions surrounding the relationship between oil in global politics and economic development. This is an exceptionally interesting and relevant work, of great value to those with an interest in the oil industry, global power and international economic development.

Nigeria, Africa's most populous and biggest democracy, celebrates her fiftieth year as an independent nation in October 2010. As the cliche states, 'As Nigeria goes, so goes Africa'. This book frames the socio-historical and political trajectory of Nigeria while examining the many dimensions of the critical choices that she has made as an independent nation. How does the social composition of interest and power illuminate the actualities and narratives of the Nigerian crisis? How have the choices made by Nigerian leaders structured, and/or have been structured by, the character of the Nigerian state and state-society relations? In what ways is Nigeria's mono-product, debt-ridden, dependent economy fed by 'the politics of plunder'? And what are the implications of these questions for the structural relationships of production, reproduction and consumption? This book confronts these questions by making state-centric approaches to understanding African countries speak to relevant social theories that pluralize and complicate our understanding of the specific challenges of a prototypical postcolonial state. This book was published as a special issue of the Journal of Contemporary African Studies.

Uses simple language easy to be understood even by non-engineers Based on practical and real-life industrial experiences Offers comprehensive discussion of safety in various disciplines within the oil and gas industry Provides multiple choice questions at the end of each chapter Covers international standards that can be used anywhere in the world

These days, one would have a difficult time picking up a newspaper, or watching a newscast that did not have a lead story dealing with some aspect of oil. From instability in the Middle East, to stock market crashes and concerns over the health of the world economy, to wars that seem to break out unexpectedly around the world, to discussions of global warming, and even speculation over the fate of mankind, oil is usually lurking somewhere in the background.

To many, oil markets and their linkages to a whole spectrum of events remain something of a mystery. Unfortunately, most of the easily obtained information on oil is deeply flawed. Whole web-conspiracy sites depict ruthless insiders and reckless dictators manipulating energy markets at will. The 30 essays in this volume, written by the leading experts in the field, attempt to set the record straight. While their assessments may lack the sensationalism of many popular pundits, serious readers will find their insights invaluable in the years to come in providing a framework for understanding many of the events of the day.

The volume is divided into sections. Part I provides a broad overview of the political dimensions underlying the supply of oil. Some of the key questions addressed include: is the world running out of oil? And if so, is the cause physical scarcity or political/policy failure? Why are many of the oil-producing countries in the developing world so unstable? Can oil markets be made to provide more stability to the world system? Part II examines some of the political responses to oil-related developments. Here, the key questions concern the role of the political process in the development of alternative sources of energy. The various means through which countries approach their energy security is assessed, as is the problem of climate change. The section ends with the provocative question: do governments really need to go to war for oil?

Oil production, energy markets, and the political environment produce distinct regional patterns. Part III examines oil and political power in Africa, Latin America, the Middle East and South-East Asia. Part IV expands some of the main regional themes through a series of case studies on specific countries: Iraq, Iran, Saudi Arabia, Egypt, Russia and Brazil. A final section looks to the future: will the oil curse continue for many countries? How will the growth and expansion of China affect oil prices and availabilities? Will oil-based sovereign wealth funds contribute to global stability or will they create increased political tensions between consuming and producing countries? Will volatile oil markets undermine the US dollar as well as the global financial system? Perhaps appropriately, the volume ends with an assessment of the future of oil in a carbon constrained world.

All in all, the essays in this volume cover the whole spectrum of the politics of oil. They will help shed light on this vital, yet still often misunderstood topic. The book does not represent any particular political or ideological position. Instead, each author has sought to objectively seek a deeper understanding as to the complexity and subtlety of forces that have all too often eluded policymakers around the world.

This vast compilation references thousands of gas pump globes made for the major oil companies, from P-to-U (Pennzoil through Utoco) and their affiliates, as well as generic globes, and globes from independent companies and foreign firms. Over 1000 color photographs illustrate this voluminous text. Affiliated oil companies are listed under the major companies to which they are tied. A useful alphabetical cross reference to affiliated companies is provided to assist readers in quickly locating the smaller firms. This text also guides the reader through the distinctions between different gas pump globe types produced, lists reproduction globes manufactured over the years, and explains how the original, and highly collectible, gas pump globes of years gone by are valued in the collector's market. An index is also provided. Finally, values are provided for both the globes displayed in photographs and for the thousands that are listed in the text.

Since the beginnings of the oil industry, production activity has been governed by the 'law of capture, ' dictating that one owns the oil recovered from one's property even if it has migrated from under neighboring land. This 'finders keepers' principle has been excoriated by foreign critics as a 'law of the jungle' and identified by American commentators as the root cause of the enormous waste of oil and gas resulting from US production methods in the first half of the twentieth century. Yet while in almost every other country the law of capture is today of marginal significance, it continues in full vigour in the United States, with potentially wasteful results.

In this richly documented account, Terence Daintith adopts a historical and comparative perspective to show how legal rules, technical knowledge (or the lack of it) and political ideas combined to shape attitudes and behavior in the business of oil production, leading to the original adoption of the law of capture, its consolidation in the United States, and its marginalization elsewhere.

The accelerated growth of the world population creates an increase of energy needs. This requires new paths for oil supply to its users, which can be potential hazardous sources for individuals and the environment. Risk Analysis for Prevention of Hazardous Situations in Petroleum and Natural Gas Engineering explains the potential hazards of petroleum engineering activities, emphasizing risk assessments in drilling, completion, and production, and the gathering, transportation, and storage of hydrocarbons. Designed to aid in decision-making processes for environmental protection, this book is a useful guide for engineers, technicians, and other professionals in the petroleum industry interested in risk analysis for preventing hazardous situations.

This book examines the financial, legal and institutional strategies available to the international oil and gas industry to manage political and investment risk. The financial techniques for mitigating and allocating risk include corporate finance, joint ventures, and project finance. The legal techniques include production sharing agreements, profit sharing agreements, service contracts, bilateral investment treaties, and multilateral investment treaties. The institutional techniques include domestic courts, national constitutions, international arbitral tribunals, governmental and non-governmental regulatory agencies, alliances and energy diplomacy. This book traces the historical development of these techniques and their application in practice. The effectiveness with which companies manage political and investment risk is important for the financial sustainability of individual firms and the industry as whole. The real and perceived level of risk affects the level of exploration expenditures and therefore the balance between supply and demand, and the price of oil and natural gas. The search for a secure supply of oil and gas affects the political, military, and economic relations between countries. Consequently, every developed and developing country has placed energy policy at or near the top of its national priorities.

Rock physics encompasses practically all aspects of solid and fluid state physics. This book provides a unified presentation of the underlying physical principles of rock physics, covering elements of mineral physics, petrology and rock mechanics. After a short introduction on rocks and minerals, the subsequent chapters cover rock density, porosity, stress and strain relationships, permeability, poroelasticity, acoustics, conductivity, polarizability, magnetism, thermal properties and natural radioactivity. Each chapter includes problem sets and focus boxes with in-depth explanations of the physical and mathematical aspects of underlying processes. The book is also supplemented by online MATLAB exercises to help students apply their knowledge to numerically solve rock physics problems. Covering laboratory and field-based measurement methods, as well as theoretical models, this textbook is ideal for upper-level undergraduate and graduate courses in rock physics. It will also make a useful reference for researchers and professional scientists working in geoscience and petroleum engineering.

Leon Hess' business acumen started with picking up oil waste products and delivering them for residential use and eventually to refiners and utilities in 1933. His single-truck business quickly grew to a fleet of 12 and after returning from the war, he branched out, building his own oil refineries first at home, and later offshore as he developed Hovensa, the largest refinery in the Western Hemisphere, which he ran jointly with the Venezuelan government. With his acquisition of Amerada in the 1960s, he entered the high-stakes world of oil discovery and production, spreading his company's name -- and resources -- globally. His eagerness to expand the Hess empire led the company to stake one of the largest claims on the shale acreage that is now pushing the U.S. toward energy independence. Fourteen years after his death, his son John Hess faces what may be the end of the family era at Hess Corp., with a revolt from company shareholders who have accused him of mismanagement and attacks on a board stacked with his father's lifelong friends. Stripped of his chairmanship, John is shutting refineries that once were the company's major earners and seeking to sell the signature green-and-white gasoline stations that dot the Northeast and inspired the toy trucks that have become collectors' items. This book will answer a 2 main questions: Who is the private figure who built the distinctive Hess brand: a Jewish man who did business with some of the world's most powerful Arab leaders, a sports enthusiast who refused to let his family inherit his beloved football team, a tough businessman who also liked to give employees holiday gifts, a supporter of conservative politicians and a philanthropist whose foundation supports pro-abortion causes?What will remain of the legacy of a man who was the last of the oil titans, creating a major integrated company in the mode of John D. Rockefeller?

Oil waste was everywhere-on the roads, in the rivers where they fished, and in the water that they used for bathing, cooking, and washing. Children became sick and died, cases of stomach cancer skyrocketed, and women miscarried or gave birth to children with congenital disorders. The American oil company Texaco-now part of Chevron-extracted its first barrel of crude oil from Amazonian Ecuador in 1972. It left behind millions of gallons of spilled oil and more than eighteen million gallons of toxic waste. In Crude, Ecuadorian lawyer and activist Pablo Fajardo gives a firsthand account of Texaco's involvement in the Amazon as well as the ensuing legal battles between the oil company, the Ecuadorian government, and the region's inhabitants. As a teenager, Fajardo worked in the Amazonian oil fields, where he witnessed the consequences of Texaco/Chevron's indifference to the environment and to the inhabitants of the Amazon. Fajardo mobilized with his peers to seek reparations and in time became the lead counsel for UDAPT (Union of People Affected by Texaco), a group of more than thirty thousand small farmers and indigenous people from the northern Ecuadorian Amazon who continue to fight for reparations and remediation to this day. Eye-opening and galvanizing, Crude brings to light one of the least well-known but most important cases of environmental and racial injustice of our time.

It's a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people - including politicians, financial analysts and pundits - will respond with a tired litany of reasons ranging from increased Chinese and Indian competition for diminishing resources and tensions in the Middle East, to manipulation by OPEC and exorbitant petrol taxes in the EU. Yet the facts belie these explanations. For instance, what really happened in late 2008 when, in just a few weeks, oil prices plummeted from $144 dollars to $37 dollars a barrel? Did Chinese and Indian demand suddenly dry up? Did Middle East conflicts magically resolve themselves? Did OPEC flood the market with crude? In each case the answer is a definitive no - quite the opposite in fact.

Industry expert Salvatore Carollo explains that the truth behind today's increasingly volatile oil market is that over the past two decades oil prices have come untethered from all classical notions of supply and demand and have transcended any country's, consortium's, cartel's, or corporate entity's powers to control them. At play is a subtler, more complex game than most analysts realise (or are unwilling to admit to), a very dangerous game involving runaway financial speculation, self-defeating government policymaking and a concerted disinvestment in refinery capacity among the oil majors.

In "Understanding Oil Prices" Carollo identifies the key players in this dangerous game, exploring their competing interests and motivations, their moves and countermoves. Beginning with the1976 oil embargo and moving through the 1986 Chernobyl incident, the implementation of the US Clean Air Act Amendments of 1990, and the precipitous expansion of the oil futures market since the turn of the century, he traces the vast structural changes which have occurred within the oil industry over the past four decades, identifying their economic, social and geopolitical drivers, and analysing their fallout in the global economy. He explores the oil industry's decision to scale down refining capacity in the face of increasing demand and the effects of global shortages of petrol, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants and other essential finished products, and describes how, beginning in the year 2000, the oil futures market detached itself almost completely from the crude market, leading to the assetization of oil, and the crippling impact reckless speculation in oil futures has had on the global economy. Finally he proposes new, more sophisticated models that economists and financial analysts can use to make sense of today's oil market, while offering industry leaders and government policymakers prescriptions for stabilising the market to ensure a relatively steady flow of affordable oil.

A concise, authoritative guide to understanding the complex, oft misunderstood oil markets, "Understanding Oil Prices" is an important resource for energy market participants, commodity traders and investors, as well as business journalists and government policymakers alike.

For over eighty years the Arab region has derived massive wealth from its natural resources, yet the region's economies remain little diversified, while the oil market is experiencing major structural shifts with the advent of shale gas. Moreover, the resource itself is eventually exhaustible. Under these conditions economic prosperity cannot be sustainable. The critical question is how can the countries of this region escape the 'oil curse'? In this volume, leading economists argue that the curse is not a predestined outcome but a result of weak institutions and bad governance. A variety of analytical perspectives and examination of various international case studies leads to the conclusion that natural resources can only spur economic development when combined with sound political institutions and effective economic governance. This volume, with its unique focus on the Arab region, will be an important reference for researchers and policymakers alike.

For over eighty years the Arab region has been deriving massive wealth from its natural resources. Nevertheless, its economic performance has been at the mercy of ebbs and flows of oil prices and its resources have been slowly depleting. The two critical questions are why and how Arab countries might escape the oil curse. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies focuses on the unique features of the Arab world to explain the disappointing outcomes of macroeconomic policy. It explores the interaction between oil and institutions to draw policy recommendations on how Arab countries can best exploit their oil revenues to avoid the resource curse. Case studies and contributions from experts provide an understanding of macroeconomic institutions (including their underlying rules, procedures and institutional arrangements) in oil-rich Arab economies and of their political economy environment, which has largely been overlooked in previous research. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies offers novel macroeconomic policy propositions for exchange rate regimes, fiscal policy and oil wealth distribution that is more consistent with macroeconomic stability and fiscal sustainability. These policy reforms, if implemented successfully, could go a long way in helping the resource-rich countries of the Arab region and elsewhere to avoid the oil curse.

This book reviews and examines the relevant portions of all international treaties, cases and the national law and practice of states, in relation to international aspects of offshore oil rigs. By doing so, it offers an understanding of the legal regime surrounding oil rigs and formulates an international law framework. It investigates the issues under consideration by analyzing provisions of international law pertaining to all aspects of oil rigs, as well as international treaties and their travaux preparatoires. It also examines the national legislation of major offshore oil and gas producers and defines a framework of customary international entities such as the OSPAR and the petroleum industries of certain major offshore oil producers. Based upon the book's findings, it is clear that in spite of their increasing importance, offshore oil installations are subject to fragmentary and vague legal rules under international law.

The Routledge Handbook of the Extractive Industries and Sustainable Development provides a cutting-edge, comprehensive overview of current trends, challenges and opportunities for metal and mineral production and use, in the context of climate change and the United Nations Sustainable Development Agenda 2030. Minerals and metals are used throughout the world in manufacturing, construction, infrastructure, production of electronics and consumer goods. Alongside this widespread use, extraction and processing of mineral resources take place in almost every nation at varying scales, both in developing countries and major developed nations. The chapters in this interdisciplinary handbook examine the international governance mechanisms regulating social, environmental and economic implications of mineral resource extraction and use. The original contributions, from a range of scholars, examine the relevance of the mining industry to the United Nations Sustainable Development Goals (SDGs), reviewing important themes such as local communities Indigenous peoples, gender equality and fair trade, showing how mining can influence global sustainable development. The chapters are organised into three sections: Global Trends in Mineral Resources Consumption and Production; Technology, Minerals and Sustainable Development; and Management of Social, Environmental and Economic Issues in the Mining Industry. This handbook will serve as an important resource for students and researchers of geology, geography, earth science, environmental studies, engineering, international development, sustainable development and business management, among others. It will also be of interest to professionals in governmental, international and non-governmental organisations that are working on issues of resource governance, environmental protection and social justice.

In 20th century society, oil has played a fundamental role not only from the economic point of view, but also from the point of view of the political relationships established between major Western countries and oil-producing countries. A survey into oil history, its market dynamics and price evolution, is essential for a deeper understanding of modern industry and world economy, as world development depends on oil supplies, prices, and its political accessibility. Oil Economics and Policy follows the historical development of the oil industry, and inevitably also covers many aspects of energy resource economy. In so doing, it pays particular attention to one aspect, namely, the fixing of oil prices. This is mainly in order to attempt to understand whether, and by how much, the structural transformations that the oil industry has undergone during the various phases of its existence - and the various market structures deriving from them - have influenced the dynamics of oil prices. Alberto ClA is Professor of Industrial Economics at the University of Bologna. Minister of Industry and Trade during Lamberto Dini's government (January 1995-May 1996), he has been a member both of national and international scientific boards and of ministerial committees. He is author of numerous writings on industrial and energy economies and editor-in-chief of the journal Energia.

A take-no-prisoners approach to life has seen Paul Carter heading to some of the world's most remote, wild and dangerous places as a contractor in the oil business. Amazingly, he's survived (so far) to tell these stories from the edge of civilization. He has been shot at, hijacked and held hostage; almost died of dysentery in Asia and toothache in Russia; watched a Texan lose his mind in the jungles of Asia; lost a lot of money backing a scorpion against a mouse in a fight to the death, and been served cocktails by an orangutan on an ocean freighter. And that's just his day job. Taking postings in some of the world's wildest and most remote regions, not to mention some of the roughest rigs on the planet, Paul has worked, got into trouble, and been given serious talkings to, in locations as far-flung as the North Sea, Middle East, Borneo and Tunisia, as exotic as Sumatra, Vietnam and Thailand, and as flat-out dangerous as Columbia, Nigeria and Russia, with some of the maddest, baddest and strangest people you could ever hope not to meet.

This book provides an original analysis of the problems of ensuring that oil ports are sustainable in the broadest sense of the concept including environmental, social, technical and resource aspects. Taking China as its frame for analysis, chosen because of the authors' expertise and because it is the largest oil import country in the world, much of it by ship, it presents a detailed investigation of the issues that make up a sustainable port profile, using a variety of established statistical and operational techniques These are examined before an holistic model is derived. Recommendations are provided for future application both in China and elsewhere and also a range of ways suggested for how the framework could be adapted to other types of ports and locations.

The Emirate of Kuwait hardly resembles the city-State it was at the start of the 20th century. The discovery of oil in 1938 rapidly transformed the tiny tribal sheikhdom of the Al-Sabah into a modern oil-producing state where, by the early 1980s, citizens were enjoying one of the highest standards of living in the world. While much has been written on the reasons why and how the Al-Sabah became a ruling dynasty, little is known about the nature of their authority and its relationship to Kuwait's social structure. Rivka Azoulay shows how despite the rapidity of change in the oil-rich, family-run emirate, it is the pre-oil dynamics of social and political life that dictate how society operates. The author shows that Kuwait's ambitious diversification plans to reduce oil-dependence by 2035 require a renegotiation of the regime's pact with society, which threatens the pre-oil alliances upon which the Al-Sabah's regime has been built.

This book considers the problem of determining how many barrels of crude oil an oil-producing and exporting country should produce annually for export along with several other important problems that decision-makers in the crude oil industry face and discusses procedures for finding optimum solutions for them. It considers the important Objective Functions they need in making these critical decisions, and discusses procedures to find the best solutions. Outputs from the treatment units, in an oil refinery are only semi-finished products; these are blended into finished products like gasoline, diesel oil, etc., meeting various specifications that the marketplace demands. The book discusses models for solving these problems optimally with examples.

Perspectives of Oil and Gas: The Road to Interdependence is an up-to-date analysis of the dynamics of petroleum resources. It covers such subjects as oil reserves, depletion policy, pricing strategy, technological factors, and consumer trends. Likewise, it addresses the constraints faced by oil industry planners, from production to third party sales and refining. In addition to in-depth analysis, this book proposes practical solutions to complex problems: for example, how the different objectives and interests of international oil companies and oil producing countries can be reconciled to their mutual advantage. Attention is also focused on development through cooperation beween producers, importers, and multinationals. Perspectives of Oil and Gas ends by addressing the main challenges confronting interdependent economies in the near future. Audience: Decision-makers, policy planners, and academics concerned with the business and technical aspects of the petroleum economy and industry.

'Dripping with delicious detail' - Aditya Chakrabortty Taking the reader on a journey through North East Scotland, Merseyside, South Wales, the Thames Estuary and London, this is the story of Britain's oil-soaked past, present and future. Travelling the country, the authors discover how the financial power and political muscle of an industry built the culture of a nation from pop music to kitchen appliances, and how companies constructed an empire, extracting the wealth of the world from Iran to Nigeria and Alaska. Today, the tide seems to be going out - Britain's refineries have been quietly closed, the North Sea oilfields are declining and wind farms are being built in their place. As the country painfully shifts into its new post-industrial role in the shadow of Covid, Brexit and the climate crisis, many believe the age of oil to be over. But is it? Speaking to oil company executives and traders, as well as refinery workers, filmmakers and musicians, activists and politicians, the authors put real people at the heart of a compelling story.