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Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
During the 1970s, owing to their oil 'rents', Algeria, Iraq and Libya all seemed engaged in a swift modernization process. Oil was the godsend that would enable these states to catch up economically. Algeria was a Mediterranean dragon,A" Libya an emirateA" and Iraq the rising military powerA" of the Arab world. From a political perspective, progressive socialism suggested that profound changes were underway: women's liberation, urbanization, education for all, longer life expectancy and so on. A few decades later, the disillusion is a cruel one. The sense of wealth led these countries to undertake political, economic and military experiments that would lead to impasses with disastrous consequences that they are still trying to overcome. How did it all happen? Can these countries dispense with far-reaching reforms? Can the EU export its norms and values and protect its gas supply? The present work offers the first global approach to the subject.
From the famous oilpatch that spread from West Texas to New Mexico, Alaska, China, and other locales, Hubert H. Hays (1935-2005) drilled for oil. He drilled for fifty years-and he was good at it. He knew what negative 70 degrees does to casing and drill pipe. He knew what 500 degrees downhole does to affect drilling. He set records drilling gas wells and never had a blowout. Hays had a worldwide reputation that preceded him, and he probably drilled as many wells as any other man during his time. But alongside learning the ins and outs needed for such a successful five-decade career in oil, Hays came to know the eclectic cast of roughnecks that can make up a good crew. He heard about the colorful lives they led and the myriad paths oilmen take. Driller, compiled from notes and recordings by his wife Catherine and edited by Russ McAfee, tells the story of Hays's life in oil: the ups and downs, the wisdom and the difficulty of the center of our energy needs. Readers will come away with invaluable technical knowledge, colorful stories, and a clear-eyed sense of the real oilfield seen by the men who plumb the earth for energy.
An inspirational memoir from a remarkable leader. Once a lacklustre organisation, BP became one of the world's biggest, most successful and most admired companies in the new millennium. John Browne, the company's CEO for 12 years, invented the oil 'supermajor' and led the way on issues such as climate change, human rights and transparency. In BEYOND BUSINESS, Browne brings to life what he learned about leadership in a tough industry. His story encompasses the insights gained as he transformed a national company, challenged an entire industry and prompted political and business leaders to change. He takes us across the world on adventures that include going toe-to-toe with both tyrants and elected leaders, and involve engineering feats which in many ways rival those of going to the moon. And he shares his views on the true purpose of business and the leadership needed to tackle the grand challenges of our era. It is also a story of failure and human frailty, as Browne reveals how his private and public lives collided at frightening speed in full view of the world, prompting his abrupt resignation as CEO of BP.
What is the future of the oil and gas sector in Lebanon? Following the recent discovery of these valuable resources in the southern Mediterranean, including in the Cypriot and Israeli offshore reserves, the possibility of Lebanon also becoming a petroleum-producing country has been raised. This collection of essays addresses the major challenges and opportunities that accompany the country's hope to join the petroleum club. Covering the key policy issues - from Lebanon's susceptibility to the oil curse, to the environmental risks of production - this book brings together expert analysis to offer answers at the institutional level. Of central importance, the contributors argue, is that for Lebanon to benefit from the discovery of petroleum, it must first reform its institutions with the full support of the voting public and civil society. Combining rigorous quantitative and qualitative research, the Lebanese Center for Policy Studies has produced here an essential book that puts petroleum in Lebanon, and the important questions that come with it, within a global perspective.
Petrocinema presents a collection of essays concerning the close relationship between the oil industry and modern media—especially film. Since the early 1920s, oil extracting companies such as Standard Oil, Royal Dutch/Shell, ConocoPhillips, or Statoil have been producing and circulating moving images for various purposes including research and training, safety, process observation, or promotion. Such industrial and sponsored films include documentaries, educationals, and commercials that formed part of a larger cultural project to transform the image of oil exploitation, creating media interfaces that would allow corporations to coordinate their goals with broader cultural and societal concerns. Falling outside of the domain of conventional cinema, such films firmly belong to an emerging canon of sponsored and educational film and media that has developed over the past decade. Contributing to this burgeoning field of sponsored and educational film scholarship, chapters in this book bear on the intersecting cultural histories of oil extraction and media history by looking closely at moving image imaginaries of the oil industry, from the earliest origins or “spills” in the 20th century to today’s post industrial “petromelancholia.”
**THE NEW YORK TIMES BESTSELLER** A ground-breaking investigation into the oil and gas industry, international corruption and world politics. Oil. Corrupt? Yes. Unimaginably lucrative? Of course. But, the enemy of democracy? Blowout is the oil and gas industry as we've never seen it before, as told by America's most incisive political journalist, Rachel Maddow. A blackly comic journey from Washington to Siberia, to deep within the earth's crust and the icy Arctic seas, it reveals not just the greed and incompetence of Big Oil and Gas but why the Russian government hacked the 2016 U.S. election. This is our final wake-up call: to stop subsidizing oil and gas, to fight for transparency, and to check the influence of the world's most destructive industry before it destroys our democracy 'Each page in Blowout is a revelation into the depth of corruption and greed that is infused into the international economy' David Lammy, MP
Billions of dollars stolen from citizens are circling the globe, enriching powerful individuals, altering political outcomes, and disadvantaging everyday people. News headlines provide glimpses of how this corruption works and why it matters: President Trump's businesses struck deals with oligarchs and sold property to secretive shell companies; the Panama Papers leak triggered investigations in 79 countries; and, corruption scandals toppled heads of state in Brazil, South Africa, and South Korea. But how do these pieces fit together? And if the corruption is so vast and so tied up with powerful interests, how do we begin to fight back? To find answers, Crude Intentions examines the corruption crisis that erupted during the recent oil boom. From 2008 to 2014, oil prices shot through the roof. Motivated by more than nine trillion dollars in new oil money, corruption followed apace. Examining the oil boom is like placing a drop of dye in the circulatory system of global corruption, and watching as it reveals the system's channels and pathways. Company bosses signed off on risky schemes to snap up choice oil blocks. Politicians in Brazil and Nigeria stole billions to build up their election war chests. Kleptocrats in Angola, Azerbaijan, and Russia seized upon the oil wealth to cement their hold on power. And an army of bankers, accountants, and lawyers lined up to help these corrupt actors stash their loot in the global system of shell companies and tax havens that serves today's super-rich. The money then bought yachts, mansions, and even a few foreign politicians. Drawing on information exposed by intrepid journalists, prosecutors, and whistle blowers, Crude Intentions tells jaw-dropping stories of corruption and asks what we can learn from them. The cases reveal common tactics, but also vulnerabilities in this web of fraud. These are the starting points for building a smarter fight against corruption, in the oil sector and well beyond.
This book is an overview of the petrochemical industry from the perspective of the author's experience with Standard Oil, Scientific Design Co and Chemical Systems, Inc. The petrochemical industry is unique in its unusually rapid growth from its birth in the 1920s to maturity in the late 1970s. Between 1940 and 1960 it became one of the largest industry sectors, providing an astounding variety of chemical products used for the manufacture of plastics, fibers, synthetic rubber and many other products. An abundance of inexpensive gaseous and liquid petroleum feedstocks, suitable advanced technology, a large market and an incentive for rapid development occasioned by World War II and the consumer-oriented boom that followed have resulted in the development of this dynamic industry. This is a great achievement which deserves to be remembered at a time when the chemical industry is under a cloud due to a history of neglecting the environment and being insufficiently sensitive to health hazards.
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.
A vast number of studies have documented the economic and geological effects of oil production, but the impact of boom-and-bust cycles on individuals and communities has received less attention. Boom or Bust remedies this gap by highlighting the personal experiences of those directly affected in an economy dominated by oil and natural gas production. The Permian Basin is one of the largest oil-producing regions in the United States. People who live there have benefited from explosive growth, only to see opportunities vanish with sudden industry downturns. In 2016, the National Endowment for the Humanities funded a grant for the study and collection of energy narratives in this economically volatile region. Boom or Bust derives from that community initiative and offers a unique contribution to the developing field of energy humanities. The oil-field industry may seem to be all about numbers, but as Boom or Bust demonstrates, residents of oil-and-gas country, whether they work in the oil field or not, are at the mercy of an ever-shifting economy. When the price of oil rises, companies move in and newcomers flood the area, expanding the employment force. And as the population booms, so does the infrastructure of cities. When prices drop, though, families must make difficult choices: whether to stay put or follow the oil to another location. With the ensuing declines in population, small businesses close their doors and unemployment levels rise. Despite the inevitable declines and despite the increase in alternative energy resources, many West Texans feel a sense of pride that borders on patriotism. Boom or Bust reveals the full complexity of boomtown culture.
Formally, Plunkett's Energy Industry Almanac, this in-depth reference tool to the energy industry covers everything from major oil companies to independents, utilities, pipelines, coal, LNG, oil field services, refiners and more. It features our famous trends and technologies analysis, and includes statistical tables, a glossary and our unique profiles of The Energy 500 Firms. The energy industry is boiling over with changes. Deregulation, new opportunities in foreign fields and markets, as well as environmental challenges are rushing together head-on to shape the energy and utilities business of the future. Meanwhile China has become a major energy importer and Russia has become a major exporter. Renewable and alternative energy sources are developing quickly, including big investments in wind power and solar power. This exciting new reference book covers everything from major oil companies to electric and gas utilities, plus pipelines, regulatory issues, investments, finance, research and development, refiners, retailers, oil field services and engineering. Petroleum topics include upstream and downstream. Additional topics include coal, natural gas and LNG. Statistical tables cover everything from energy consumption, production and reserves to imports, exports and prices. Next, our unique profiles of the Energy 500 Firms are also included, with such vital details as executive contacts by title, revenues, profits, types of business, Internet addresses, growth plans and more. You'll find a complete overview, industry analysis and market research report in one superb, value-priced package.
Thanks to increasingly extreme forms of oil extraction, Alberta, Saskatchewan, and Newfoundland and Labrador underwent exceptional economic growth from 2005 to 2015. Fossilized investigates the environmental policy trends that supported this development trajectory, such as institutional restructuring that prioritizes extraction over environmental protection, alongside inadequate environmental assessment, land-use planning, and emissions controls. Angela Carter’s detailed analysis situates the policy dynamics of Canada’s largest oil-producing provinces within the historical and global context of late-stage petro-capitalism and deepening neoliberalization. As the global community moves toward decarbonization, Canada's petro-provinces are instead doubling down on oil – to their ecological and economic peril.
The practical examples and step-by-step calculations in the book, partnered with illustrations and diagrams, make the text easy to read and understand. Johnston does an excellent job clarifying international oilfield taxation and regulation in the same way he explained oilfield accounting in his other PennWell title, Oil Company Financial Analysis in Nontechnical Language. Covers everything from historical development of contracts to terminology of accounting and negotiations, to threshold field size analysis, to arithmetic behind contract terms, and much more.
Oil and gas companies are continually upgrading drilling and production facilities in response to safety, regulatory, and technology advances, causing the amount of data that an operator must interpret in order to optimize a facility's production to increase exponentially. Trained employees are at premium demand in the field, and companies are willing to pay for skills. However, there are too many skill-specific positions available and too many untrained applicants, and companies within this industry lack the recruiting, training, and experience necessary to train them. Workforce Education at Oil and Gas Companies in the Permian Basin: Emerging Research and Opportunities is an essential scholarly resource that examines changing technical, data analysis, and decision-making skills required of operations or maintenance personnel, as well as expectations for future changes. The book contrasts these needs against a typical oilfield worker's education level and skillset in order to target potential solutions for the challenges that face today's workforce. Highlighting topics such as economic development, oilfield technology, and employee training, this book is geared toward oil and gas workers, training facilitators, education practitioners, industry professionals, academicians, and researchers.
Seismic data must be interpreted using digital signal processing techniques in order to create accurate representations of petroleum reservoirs and the interior structure of the Earth. This book provides an advanced overview of digital signal processing (DSP) and its applications to exploration seismology using real-world examples. The book begins by introducing seismic theory, describing how to identify seismic events in terms of signals and noise, and how to convert seismic data into the language of DSP. Deterministic DSP is then covered, together with non-conventional sampling techniques. The final part covers statistical seismic signal processing via Wiener optimum filtering, deconvolution, linear-prediction filtering and seismic wavelet processing. With over sixty end-of-chapter exercises, seismic data sets and data processing MATLAB codes included, this is an ideal resource for electrical engineering students unfamiliar with seismic data, and for Earth Scientists and petroleum professionals interested in DSP techniques.
Chapter 1 examines how BLM's actual costs and potential oil and gas well liabilities have changed for fiscal years 2010 through 2017 and the extent to which BLM has implemented its well and bond review policies. Chapter 2 reviews oil and gas lease suspensions on federal lands managed by BLM and examines the extent of and reasons for such suspensions and the approach BLM uses to monitor the status of lease suspensions. Chapter 3 describes the distribution of BLM's oil and gas Inspection and Enforcement program's workload and workforce among agency field offices for the most recent 5 years for fiscal years 2012 through 2016 and examines the extent to which BLM conducted internal control reviews in accordance with its July 2012 oversight policy for fiscal years 2013 through 2018. U.S. oil and natural gas production has increased substantially since 2008. These increases have important policy implications for energy markets, infrastructure, security, and the environment as reported in chapter 4. Chapter 5 discusses the recent oil market trends and geopolitical factors that have contributed to price escalation since the start of 2018. Chapter 6 reviews the federal government's response, restoration, and research efforts after the Exxon Valdez and Deepwater Horizon oil spills. This chapter examines how the trustee councils have used the restoration trust funds and the status of restoration and the interagency committee's coordination of oil spill research efforts.
What light does nearly twenty-five years of scientific study of the Exxon Valdez oil spill shed on the fate and effects of a spill? How can the results help in assessing future spills? How can ecological risks be assessed and quantified? In this, the first book on the effects of Exxon Valdez in fifteen years, scientists directly involved in studying the spill provide a comprehensive perspective on, and synthesis of, scientific information on long-term spill effects. The coverage is multidisciplinary, with chapters discussing a range of issues including effects on biota, successes and failures of post-spill studies and techniques, and areas of continued disagreement. An even-handed and critical examination of more than two decades of scientific study, this is an invaluable guide for studying future oil spills and, more broadly, for unraveling the consequences of any large environmental disruption. For access to a full bibliography of related publications, follow the resources link at www.cambridge.org/9781107027176.
Identifies good practices for targeting limited financial resources to conduct integrity due diligence checks for extractive sector licensing. Principles contained will help countries to meet EITI beneficial ownership disclosure requirements to improve integrity and transparency in regulatory licensing processes in extractive sectors.
In this lucid and theoretically sophisticated book, G. John Ikenberry focuses on the oil price shocks of 1973-74 and 1979, which placed extraordinary new burdens on governments worldwide and particularly on that of the United States. Reasons of State examines the response of the United States to these and other challenges and identifies both the capacities of the American state to deal with rapid international political and economic change and the limitations that constrain national policy.
The Polar North is known to be home to large gas and oil reserves and its positionholds signifi cant trading and military advantages, yet the maritime boundaries of the region remain ill-defined. In the twenty-first century the Arctic is undergoing profound change. As the sea ice melts, a result of accelerating climate change, global governance has become vital. In this first of three volumes, the latest research and analysis from the Fridtjof Nansen Institute, the world's leading Arctic research body, is brought together. Arctic Governance: Law and Politics investigates the legal and political order of the Polar North, focusing on governance structures and the Law of the Sea. Are the current mechanisms at work effective? Are the Arctic states' interests really clashing, or is the atmosphere of a more cooperative nature? Skilfully delineating policy in the region and analysing the consequences of treaty agreements, Arctic Governance's uncovering of a rather orderly 'Arctic race' will become an indispensable contribution to contemporary International Relations concerning the Polar North.
A gripping, real-life thriller set in the world of the most important tradeable commodity on earth: oil ________________________ 'A taut thriller ... fast, funny and mean' - Bloomberg 'Glamorous, exciting and true, it's a tale to send the Ocean's Eleven back to bussing tables for tips.' - Arena ________________________ THE TRUE STORY OF A WALL STREET NOVICE WHO CHANGED THE WORLD OF OIL FOREVER Rigged tells the incredible rags-to-riches story of David Russo, an Italian-American upstart from the streets of Brooklyn who claws his way into the wild, frenetic world of the testosterone-laced warrens of the Merc Exchange: an asylum-like oil trading center located in lower Manhattan where billions of dollars trade hands every week, a place where former garbagemen become millionaires overnight and fistfights break out on the trading floor. But the Merc is just the starting place of an adventure that leads David to private yachts in Monte Carlo, the gold-lined hotel palaces of Dubai, and dangerous deals in the back alleys of Beijing. This is the true story of one man's adventure to revolutionize the oil trading industry - and along with it, the world.
Exploration and characterization of conventional and unconventional reservoirs using seismic technologies are among the main activities of upstream technology groups and business units of oil and gas operators. However, these activities frequently encounter difficulties in quantitative seismic interpretation due to remaining confusion and new challenges in the fast developing field of seismic petrophysics. Seismic Petrophysics in Quantitative Interpretation shows how seismic interpretation can be made simple and robust by integration of the rock physics principles with seismic and petrophysical attributes bearing on the properties of both conventional (thickness, net/ gross, lithology, porosity, permeability, and saturation) and unconventional (thickness, lithology, organic richness, thermal maturity) reservoirs. Practical solutions to existing interpretation problems in rock physics-based amplitude versus offset (AVO) analysis and inversion are addressed in the book to streamline the workflows in subsurface characterization. Although the book is aimed at oil and gas industry professionals and academics concerned with utilization of seismic data in petroleum exploration and production, it could also prove helpful for geotechnical and completion engineers and drillers seeking to better understand how seismic and sonic data can be more thoroughly utilized.
Published in Cooperation with the William P. Clements Center for Southwest Studies, Southern Methodist University. Because oil has made fortunes, caused wars, and shaped nations, no one questions the assertion that the quest for oil is a quest for power. The question we should ask, Finding Oil suggests, is rather what kind of power prospectors have wanted. This book revises oil's early history by exploring the incredibly varied stories of the men who pitted themselves against nature to unleash the power of oil. Brian Frehner shows how, despite the towering presence of a figure like John D. Rockefeller as a quintessential "oil man," prospectors were a diverse lot who saw themselves, their interests, and their relationships with nature in profoundly different ways. He traces their various pursuits of power from 1859 to 1920 as a struggle for cultural, intellectual, and professional authority over both nature and their peers. Charting the intersection between human and natural history, their stories trace the ever-evolving relationship between science and industry and reveal the unexpected role geology played in shaping our understanding of the history of oil.
Oil and Nation places petroleum at the center of Bolivia's contentious twentieth-century history. Bolivia's oil, Cote argues, instigated the largest war in Latin America in the 1900s, provoked the first nationalization of a major foreign company by a Latin American state, and shaped both the course and the consequences of Bolivia's transformative National Revolution of 1952. Oil and natural gas continue to steer the country under the government of Evo Morales, who renationalized hydrocarbons in 2006 and has used revenues from the sector to reduce poverty and increase infrastructure development in South America's poorest country. The book advances chronologically from Bolivia's earliest petroleum pioneers in the nineteenth century until the present, inserting oil into historical debates about Bolivian ethnic, racial, and environmental issues, and within development strategies by different administrations. While Bolivia is best known for its tin mining, Oil and Nation makes the case that nationalist reformers viewed hydrocarbons and the state oil company as a way to modernize the country away from the tin monoculture and its powerful backers and toward an oil-powered future. |
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