This work provides assessments and analyses of the future relationship of oil and gas to the world economy, and offers policy recommendations for the Gulf region. The position of the Gulf producers in the world-energy arena is no longer as secure and stable as it once was, the book argues, with oil production from non-OPEC countries competing aggressively with OPEC oil. Other factors, including conservation and environmental concerns and technological developments, are covered in detail.

Essays covering five case studies to gain an insight into the unique Latin American approach to petroleum resources and industries.

Economic Risk in Hydrocarbon Exploration provides a total framework for assessing the uncertainties associated with exploration risk from beginning to end. Numerous examples with accompanying microcomputer algorithms illustrate how to quantitatively approach economic risk. The text compares detailed assumptions and models of economic risk, and presents numerical examples throughout to facilitate hands-on calculations using popular spread-sheet packages on personal computers.
Key Features
* Covers economic risk from exploration through production models
* Brings methods to a level where all can be done on a PC
* Analyzes numerical examples from the real world
* Removes "mystery" from how economics is done
* Addresses assumptions in models and shows how they influence projections

A legend among oilmen, Tom Slick was an independent operator in the truest sense. His office was his buggy during his early days of wildcatting the Mid-Continent oil field around 1910. And even after great success brought him to posher surroundings in an Oklahoma City office suite, his style remained hands-on. His impromptu deals were often brokered on street corners and over the telephone in his typical laconic style. Well into the 1920s he was the last of a breed who had no stock holders or board members to answer to, and instead "worked out of his hip pocket." Slick's extraordinary rise paralleled that of the modern petroleum industry. He began his career in the oil fields of western Pennsylvania, the birthplace of the American oil business. Before 1910, he headed west, traveling with his father and brother to the fields of Kansas to work as contract drillers. Slick met with failure in these early years, as he moved on to Oklahoma in an attempt to locate oil. In 1912 he received the financial backing to drill one more well, which turned out to be the discovery well for the vast Cushing Field. This amazing success was followed by more discoveries of fields - a frenzy of acquiring, drilling, then selling that in 1929 culminated with Slick's sale of his Oklahoma holdings in the Prairie Oil and Gas Company - up until that time, the largest sale of oil properties by an individual. In this first biography of Tom Slick, Ray Miles fleshes out the man who, despite his legendary drive - and the high-profile nature of the oil business - was exceedingly private and withdrawn. Miles relies on newspaper accounts, court and business records, correspondence, and personal interviews with family, friends, and associates to render a portrait of one of the most successful and colorful, yet elusive, businessmen of his day.

"In the United States, proposals for gasoline tax hikes have consistently met with broad-based congressional opposition. Although such taxes are a common and effective method of conserving energy in other industrialized nations, U.S. policy has traditionally relied on regulatory programs rather than fuel taxes to promote energy efficiency in automotive transportation. This book examines both the political causes and the economic effects of this idiosyncratic policy preference. Moderating the consumption and importation of oil has been an explicit goal of the United States over the past twenty years. Pietro S. Nivola and Robert W. Crandall argue that a higher levy on gasoline would be a more efficient way of achieving this goal than current automotive fuel economy standards. In fact, they find that an additional excise of less than twenty-five cents per gallon over the past dozen years would have conserved more oil than has the existing policy of administering gas mileage requirements for new passenger vehicles. And such a tax, they maintain, would not be as detrimental to the economy as opponents fear, nor as regressive as they claim. Why, then, is there such a strong national resistance to a fuel tax in the United States? And why is there less resistance in other countries? The authors examine the development of motor-fuel excises in Great Britain, France, Germany, Japan, and Canada, and explain the historical and political factors that have led to different national policy orientations. Turning their attention back to the United States, Nivola and Crandall show how regulatory measures have fallen short of their goal and why political barriers to bolder taxation of gasoline remain formidable. They conclude by offering suggestions for new directions in U.S. energy policy at the federal, state, and local level. "

This text analyses the causes and far-reaching consequences of Iran's oil nationalization during the 1950s, focusing on the extensive and misguided involvement of the United States and Great Britain.

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 stands alone among primary commodities in its potential for sending economic shock waves across the world. The value of oil production is one and a half times the world's total production of food grains; demand is unresponsive to price in the short run; and the world's oil resources are heavily concentrated in the Middle East, where political disturbances have been chronic and oil supply is subject to sudden interruption. Together, these factors have made oil a virtual rogue elephant in the world economy since 1973. This book discusses the oil shocks of 1973-74, 1979-80, and the ""minishock"" of 1990-91, and examines the possibility of oil shocks over the next twenty years. The authors assess the world market outlook on the basis of underlying trends on world oil supply and demand. They take into account prospects for investment in oil production in the Persian Gulf states, the former Soviet republics, and Latin America; environmental factors and policies; and political uncertainties in the Middle East. "

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.

In the last quarter of the twentieth century the United States is both more involved in the global political economy and less able to shape its course. In this lucid and theoretically sophiticated book, Ikenberry focuses on the oil price shocks of 1973-74 and 1979, which placed extraordinary new burdens on governments worldwide and partiuclarly on that of the United States.

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.

"Oil," writes Ruth Sheldon Knowles, "is the most hazardous, expensive, heartbreaking gambling game in the world." And, as this book dramatically proves, the men who have been the gamblers of the American oil business have been some of the most colorful and fantastic personalities in our history.

"The Greatest Gamblers "is the story of our remarkable oilmen and the vast industry they have created-from its simple beginnings in 1859 at Titusville, Pennsylvania, to the big-business oil operations of today. Here are the wildcatters, the prospectors, the scientists, the hunch players (Mrs. Knowles points out that independent oilmen have discovered more than three-fourths of America's oil fields). Here you will meet "unlucky" Dad Joiner, whose fortunes changed only in his seventies when a worthless ten-acre tract of Texas wasteland proved the key to one of America's two biggest oil fields; and H. 1. Hunt, who parlayed an oil lease he won at a poker game into an oil business that made him one of the richest men in the United States.

Harry Sinclair ... Tom Slick ... Mike Benedum ... Everette DeGolyer ... Charles Canfield ... Edward Doheny -- the pages of this book are crowded with the stories of such men, their tough boom towns, their dogged persistence and wild successes, and the brutal competition they faced.

But "The Greatest Gambler "is also the story of a prospectors' rush that has become an organized industry. An absorbing portion of the book tells how the industry has found new uses for petroleum and its by products, and how this sometimes involved as much heartbreak as prospecting. There were the ships that exploded when oilmen first tried to market petroleum as marine fuel, the locomotive roundhouse that blew up when they first tried to convert railroads to oil. Mrs. Knowles discusses knowledgeably the present predicament of the petroleum industry and what is necessary to find and develop America's remaining great oil and gas resources. "The Greatest Gamblers "is a lively and authoritative account of what is probably the most fascinating and adventurous business of all.

In January 1969, the blowout on an offshore oil platform off the coast of Santa Barbara, California, and the resulting oil spill proved to be a transformative event in pollution control and the nascent environmental activism movement. It accelerated the advancement of federal government policies and would change the way the federal government managed environmental pollution. Over the next three years, Congress worked to pass laws such as the National Environmental Policy Act and the Clean Water Act, and revolutionized the way that the United States dealt with environmental pollution. At the same time, scientists developed methods to detect chemical pollution that had been discharged into rivers and streams by industrial facilities. Slick Policy presents an original and in-depth history of the 1969 Santa Barbara spill. Teresa Sabol Spezio provides a background of water pollution control, government oversight of federally-funded projects, and chemical detection methods in place prior to the spill. She then shows how scientists and politicians used public outrage over the spill to implement wide-ranging changes to federal environmental and science policy, and demonstrates the advancements to offshore oil drilling, pollution technology, and water protection law that resulted from these actions.

Baku, the capital of Azerbaijan and formerly part of the Russian Empire and the Soviet Union, is a city built on and with oil. In fact, oil and urbanism in Baku have been completely intertwined, economically, politically, and physically in the spaces of the city. Its first oil boom in the late 19th century was driven by the Russian branch of the Nobel family modernising the exploitation of oil fields around Baku, and local oil barons pouring their new wealth into building a cosmopolitan city centre. During the Soviet period, Baku became the site of an urban experiment: the shaping an oil city of socialist man. This project included Neft Dashlari, a city built on trestles in the Caspian Sea, housing thousands of workers, schools, shops, gardens, clinics, cinemas and more. This first off-shore rig in the world became the emblem of Baku's second oil boom. Today, Baku is experiencing its third oil boom. For Baku's city planners and business elites, that future is based on a careful reading of Baku as a project in which urbanism and oil are inextricably linked. This new book investigates how oil stimulated urban development in Baku, and explores in detail the more complex and important question of how the disparate spatial logics, knowledge bases, and practices of oil production and urban production intersected, impacted and transformed one another. Based on a vast research project and drawing on rich and previously unpublished material, Baku - Oil and Urbanism is organised into three broadly conceived historical periods defined by the political, economic, technological conditions in which the interwoven evolution of oil and urban production unfolded. The book also features a new photo essay by celebrated photographer Iwan Baan.

In the past decade, the need for oil in Asia's new industrial powers, China and India, has grown dramatically. The need for oil in Asia's new industrial powers, China and India, has grown dramatically. The New Kings of Crude takes the reader from the dusty streets of an African capital to Asia's glistening corporate towers to provide a first look at how the world's rising economies established new international oil empires in Sudan, amid one of Africa's longest-running and deadliest civil wars. For over a decade, Sudan fuelled the international rise of Chinese and Indian national oil companies. But the political turmoil surrounding the historic division of Africa's largest country, with the birth of South Sudan, challenged Asia's oil giants to chart a new course. Luke Patey weaves together the stories of hardened oilmen, powerful politicians, rebel fighters, and human rights activists to show how the lure of oil brought China and India into Sudan - only later to ensnare both in the messy politics of a divided country. His book also introduces the reader to the Chinese and Indian oilmen and politicians who were willing to become entangled in an African civil war in the pursuit of the world's most coveted resource. It offers a portrait of the challenges China and India are increasingly facing as emerging powers in the world.

Beneath Venezuelan soil lies an ocean of crude - the world's largest reserves - an oil patch that shaped the nature of the global energy business. Unfortunately, a dysfunctional anti-American, leftist government controls this vast resource and has used its wealth to foster voter support, ultimately wreaking economic havoc. Crude Nation reveals the ways in which this mismanagement has led to Venezuela's economic ruin and turned the country into a cautionary tale for the world. Raul Gallegos, a former Caracas-based oil correspondent, paints a picture both vivid and analytical of the country's economic decline, the government's foolhardy economic policies, and the wrecked lives of Venezuelans. Without transparency, the Venezuelan government uses oil money to subsidize life for its citizens in myriad unsustainable ways, while regulating nearly every aspect of day-to-day existence in Venezuela. This has created a paradox in which citizens can fill up the tanks of their SUVs for less than one American dollar while simultaneously enduring nationwide shortages of staples such as milk, sugar, and toilet paper. Gallegos's insightful analysis shows how mismanagement has ruined Venezuela again and again over the past century and lays out how Venezuelans can begin to fix their country, a nation that can play an important role in the global energy industry.

The Organization of the Petroleum Exporting Countries (OPEC) is one of the most recognizable acronyms among international organizations. It is mainly associated with the 'oil shock' of 1973 when prices of petroleum quadrupled and industrialized countries and consumers were forced to face the limits of their development model. This is the first history of OPEC and of its members written by a professional historian. It carries the reader from the formation of the first petrostate in the world, Venezuela in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s. Formed in 1960, OPEC was the first international organization of the Global South. It was perceived as acting as the economic 'spearhead' of the Global South and acquired a role that went far beyond the realm of oil politics. Petrostates such as Venezuela, Nigeria, Algeria, Saudi Arabia, Iraq, and Iran were (and continue to be) key regional actors, and their enduring cooperation, defying wide political and cultural differences and even wars, speaks to the centrality of natural resources in the history of the twentieth century, and to the underlying conflict between producers and consumers of these natural resources.

Beneath Venezuelan soil lies an ocean of crude-the world's largest reserves-an oil patch that shaped the nature of the global energy business. Unfortunately, a dysfunctional anti-American, leftist government controls this vast resource and has used its wealth to foster voter support, ultimately wreaking economic havoc. Crude Nation reveals the ways in which this mismanagement has led to Venezuela's economic ruin and turned the country into a cautionary tale for the world. Raul Gallegos, a former Caracas-based oil correspondent, paints a picture both vivid and analytical of the country's economic decline, the government's foolhardy economic policies, and the wrecked lives of Venezuelans. Without transparency, the Venezuelan government uses oil money to subsidize life for its citizens in myriad unsustainable ways, while regulating nearly every aspect of day-to-day existence in Venezuela. This has created a paradox in which citizens can fill up the tanks of their SUVs for less than one American dollar while simultaneously enduring nationwide shortages of staples such as milk, sugar, and toilet paper. Gallegos's insightful analysis shows how mismanagement has ruined Venezuela again and again over the past century and lays out how Venezuelans can begin to fix their country, a nation that can play an important role in the global energy industry.

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.

Exploiting Seismic Waveforms introduces a range of recent developments in seismology including the application of correlation techniques, understanding of multi-scale heterogeneity and the extraction of structure and source information by seismic waveform inversion. It provides a full treatment of correlation methods for seismic noise and event signals, and develops inverse methods for both sources and structure. Higher frequency components of seismograms are frequently neglected, or removed by filtering, but they contain information about seismic structure on scales that cannot be revealed by seismic tomography. Sufficient computational resources are now available for waveform inversion for 3-D structure to be a practical procedure and this book describes suitable algorithms and examples reflecting current best practice. Intended for students and researchers in seismology, this book provides a physical understanding of seismic waveforms and the way that different aspects of the seismic wavefield are revealed by the way that seismic data are handled.

In Chapter One, L. Khotseng and G. Vaivars provide an overview of the recent advances in electrocatalysts for direct methanol fuel cells for both anode and cathode catalysts in order to present direct methanol fuel cells as an alternative power source for portable devices. In Chapter Two, Nobuyoshi Nakagawa, Mohammad Ali Abdelkareem, Takuya Tsujiguchi, and Mohd Shahbudin Masdar propose a fuel supply layer using a porous carbon plate (PCP) for DMFCs allowing for the use of high methanol concentrations. The proposed layer is comprised of a thin PCP layer, as well as a gap layer that has a mechanism to supply the methanol as a vapor. Next, Chapter Three by D.S. Falcao, J. P. Pereira, and A.M.F.R. Pinto review the multiphase flow in fuel cells modelling approaches while also reviewing the flow visualisation techniques for flow analysis in fuel cells. Chapter Four by B.A. Braz, V.B. Oliveira, and A.M.F.R. Pinto closes the book by discussing the key work that has been done to improve the passive DMFC performance and providing a review on the most recent developments in passive DMFCs.

In Energy without Conscience David McDermott Hughes investigates why climate change has yet to be seen as a moral issue. He examines the forces that render the use of fossil fuels ordinary and therefore exempt from ethical evaluation. Hughes centers his analysis on Trinidad and Tobago, which is the world's oldest petro-state, having drilled the first continuously producing oil well in 1866. Marrying historical research with interviews with Trinidadian petroleum scientists, policymakers, technicians, and managers, he draws parallels between Trinidad's eighteenth- and nineteenth-century slave labor energy economy and its contemporary oil industry. Hughes shows how both forms of energy rely upon a complicity that absolves producers and consumers from acknowledging the immoral nature of each. He passionately argues that like slavery, producing oil is a moral choice and that oil is at its most dangerous when it is accepted as an ordinary part of everyday life. Only by rejecting arguments that oil is economically, politically, and technologically necessary, and by acknowledging our complicity in an immoral system, can we stem the damage being done to the planet.