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Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
While writing his autobiography, Jean Paul Getty - then perhaps the world's richest man - hoped it would be the final verdict on himself, on his many friends and associates, and on his times. Regrettably, it proved to be so: Getty died in 1976 as "As I See It" was going to press. Now reissued with a number of new illustrations, this autobiography introduces the famed tycoon to a new generation of readers. Known largely for his fabled wealth, J. Paul Getty was highly educated, competent in six languages, a world traveller, and a committed collector of art. Getty describes how he amassed his staggering fortune, discusses the prospects of democracy, lists the seven key points success-oriented men should know about women, and recounts undergraduate conversations at Oxford with his good friend "David", the future King Edward of England. The cast of characters who populate his intimate anecdotes reads like a "Who's Who" of the 20th century: Winston Churchill, Clara Bow, Nelson Rockefeller, Bernard Berenson, Bela Lugosi, Jacqueline Onassis, Richard Nixon, Franklin D. Roosevelt, Charlie Chaplin, and hundreds more. He discusses with frankness his several marriages and liaisons and speaks about his notorious stinginess and the often-bizarre problems confronted by the impossibly wealthy.
Over the past 10 years, surging crude oil and petroleum product prices have increased oil and gas industry revenues and generated record profits, particularly for the top five major integrated companies (also known as the "super-majors"): Exxon-Mobil, Royal Dutch Shell, BP, Chevron, and Conoco/Phillips. These companies, which reported a predominant share of those profits, generated more than $100 billion in profits on nearly $1.5 trillion of revenues in 2007. From 2003 to 2007, revenues increased by 51%; net income (profits) increased by 85%. Being largely price-driven, with no increase in output, and with little new production resulting from increased oil industry investment, many believe that a portion of the increased oil industry income over this period represents a windfall and unearned gain, i.e., income not earned by any additional effort on the part of the firms, but due primarily to record crude oil prices, which are set in the world oil marketplace. Numerous bills have been introduced in the Congress over this period to impose a windfall profits tax (WPT) on oil. This book discusses these options.
The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. Dealing with world oil production peaking will be extremely complex, involve literally trillions of dollars and require many years of intense effort. To explore these complexities, three alternative mitigation scenarios are analysed: scenario I assumes that action is not initiated until peaking occurs; scenario II assumes that action is initiated 10 years before peaking; scenario III assumes action is initiated 20 years before peaking. For this analysis estimates of the possible contributions of each mitigation option were developed, based on an assumed crash program rate of implementation.
The 2010 Deepwater Horizon incident produced the largest oil spill that has occurred in U.S. waters, releasing over 200 million gallons into the Gulf of Mexico. BP has estimated the combined oil spill costs, including cleanup activities, natural resource and economic damages, potential Clean Water Act (CWA) penalties, to be approximately $41 billion. This book examines the many issues raised by the spill for policymakers, including the ability of the existing oil spill liability and compensation framework to respond to a catastrophic spill. The framework determines who is responsible for paying for oil spill cleanup costs and the economic and natural resource damages from an oil spill; how these costs and damages are defined and the degree to which, and conditions in which, the costs and damages are limited and/or shared by other parties, including general taxpayers.
The Polar North is known to be home to large gas and oil reserves and its position holds significant 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 and Gas Law in the UK offers in-depth analysis of the central legal issues connected to this important UK industry. The second edition of this text provides an overview of the United Kingdom Continental Shelf (UKCS) and how it relates to oil and gas law. It also offers: - Coverage of operations, contracting and the future of the UKCS - A detailed examination of the UK oil and gas industry - Consideration of the general framework of the international oil and gas industry Oil and Gas Law in the UK is written in a clear and reader-friendly style and includes detailed appendices on cross-boundary agreements and guidance on disputes.
After decades of civil war and instability, the African country of Angola is experiencing a spectacular economic boom thanks to its most valuable natural resource: oil. But oil extraction - both on and offshore - is a toxic remedy for the country's economic ills, with devastating effects on both the environment and traditional livelihoods. Focusing on the everyday realities of people living in the extraction zones, Kristin Reed explores the exclusion, degradation, and violence that are the fruits of petrocapitalism in Angola.
Oil and Urbanization on the Pacific Coast tells the story of oilman Ralph Bramel Lloyd, a small business owner who drove the development of one of America's largest oil fields. Lloyd invested his petroleum earnings in commercial real estate-much of it centered around automobiles and the fuel they require-in several western cities, notably Portland, Oregon. Putting the history of extractive industry in dialogue with the history of urban development, Michael R. Adamson shows how energy is woven into the fabric of modern life, and how the "energy capital" of Los Angeles exerted far-flung influence in the US West. A contribution to the relatively understudied history of small businesses in the United States, Oil and Urbanization on the Pacific Coast explores issues of interest to multiple audiences, such as the competition for influence over urban development waged among local growth machines and outside corporate interests; the urban rivalries of a region; the importance of public capital in mobilizing the commercial real estate sector during the Great Depression and World War II; and the relationships among owners, architects, and contractors in the execution of commercial building projects.
As the ice around the Arctic landmass recedes, the territory is becoming a flashpoint in world affairs. New trade routes, cutting thousands of miles off journeys, are available, and the Arctic is thought to be home to enormous gas and oil reserves. The territorial lines are new and hazy. This book looks at how Russia deals with the outside world vis a vis the Arctic. Given Russia's recent bold foreign policy interventions, these are crucial issues and the realpolitik practiced by the Russian state is essential for understanding the Arctic's future.Here, Geir Honneland brings together decades of cutting-edge research - investigating the political contexts and international tensions surrounding Russia's actions. Honneland looks specifically at 'region-building' and environmental politics of fishing and climate change, on nuclear safety and nature preservation, and also analyses the diplomatic relations surrounding clashes with Norway and Canada, as well as at the governance of the Barents Sea. The Politics of the Arctic is a crucial addition to our understanding of contemporary International Relations concerning the Polar North.
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.
For over 130 years, Imperial Oil dominated Canada's oil industry. Their 1947 discovery of crude oil in Leduc, Alberta transformed the industry and the country. But from 1899 onwards, two-thirds of the company was owned by an American giant, making Imperial Oil one of the largest foreign-controlled multinationals in Canada. Imperial Standard is the first full-scale history of Imperial Oil. It illuminates Imperial's longstanding connections to Standard Oil of New Jersey, also known as Exxon Mobil. Although this relationship was often beneficial to Imperial, allowing them access to technology and capital, it also came at a cost, causing Imperial to be assailed as the embodiment of foreign control of Canada's natural resources. Graham D. Taylor draws on an extensive collection of primary sources to explore the complex relationship between the two companies. This groundbreaking history provides unprecedented insight into one of Canada's most influential oil companies as it has grown and evolved with the industry itself.
Winner of the 2014 Book of the Year Award from the Petroleum History Society! The importance of energy to the functioning of any economy has meant that energy industries are amongst the most regulated of industries. What might appear to be purely private decisions are made within a complex and evolving web of government regulations. Petropolitics: Petroleum Development, Markets and Regulations, Alberta as an Illustrative History provides an economic history of the petroleum industry in Alberta as well as a detailed analysis of the operation of the markets for Alberta oil and natural gas, and the main governmental regulations (apart from environmental regulations) faced by the industry. The tools used within this study are applicable to oil and gas industries throughout the world.
With global demand for energy poised to increase by more than half in the next three decades, the supply of safe, reliable, and reasonably priced gas and oil will continue to be of fundamental importance to modern economies. Central to this supply are the pipelines that transport this energy. And while the fundamental economics of the major pipeline networks are the same, the differences in their ownership, commercial development, and operation can provide insight into the workings of market institutions in various nations. Drawing on a century of the world's experience with gas and oil pipelines, this book illustrates the importance of economics in explaining the evolution of pipeline politics in various countries. It demonstrates that institutional differences influence ownership and regulation, while rents and consumer pricing depend on the size and diversity of existing markets, the depth of regulatory institutions, and the historical structure of the pipeline businesses themselves. The history of pipelines is also rife with social conflict, and Jeff D. Makholm explains how and when institutions in a variety of countries have controlled pipeline behavior - either through economic regulation or government ownership - in the public interest.
The recent escalation in the violent conflict in the Niger Delta has brought the region to the forefront of international energy and security concerns. This book analyses the causes, dynamics and politics underpinning oil-related violence in the Niger Delta region of Nigeria. It focuses on the drivers of the conflict, as well as the ways the crises spawned by the political economy of oil and contradictions within Nigeria's ethnic politics have contributed to the morphing of initially poorly coordinated, largely non-violent protests into a pan-Delta insurgency. Approaching the issue from a number of perspectives, the book offers the most up-to-date and comprehensive analysis available of the varied dimensions of the conflict. Combining empirically-based and analytic chapters, it attempts to explain the causes of the escalation in violence, the various actors, levels and dynamics involved, and the policy challenges faced with regard to conflict management/resolution and the options for peace. It also examines the role of oil as a commodity of global strategic significance, addressing the relationship between oil, energy security and development in the Niger Delta.
The outrageous sequel to Don't Tell Mum I Work on the Rigs (She Thinks I'm a Piano Player in a Whorehouse) brings more great stories from the far side of civilization - hilarious, full of humour, colourful characters and dramatic action! Just another glorious day in the oilfield for Paul Carter! He's stuck in the middle of the Russian sea on a rig staffed by a crew from Azerbaijan. The choppers are older than him and can only fly by line of sight, turning back regularly due to the weather which gets particuarly interesting when they are past the point of no return with half there fuel gone and they are committed to finding the rig in a fog that's thicker than a Big Brother housemate. The closest thing to a hotel for miles around is the Asylum, a former soviet mental institution that now houses offshore personnel en-route to the rig, where his room mates are Vodka Bob - who drinks Guinness for breakfast when he's not on the rig - Sick Boy, who snores like a pit bull being hot-waxed and Sealbasher. In his inimitable style Paul Carter regales us with his colourful adventures from the front line of thee oil industry and the far side of civilization!
Present Day Resonance: At a time when women are leading marches and rallies against the current administration, this story shows the similar political and social battles fought--and won--by women at another crucial point in U.S. history. Strong Appeal to Female Readership: The three women who led the fight against the oil refinery were all young mothers, each of whom in her own way had two wars to wage simultaneously - one against the oil refinery, the other against female stereotypes that limited women's influence in the public sphere. Author has Significant Media Contacts: David W. Moore has appeared on all of the national TV network evening news programs, on various news programs on CNBC, CNN, the British Broadcasting Corporation, the Canadian Broadcasting Corporation, National Public Radio, and many other radio and TV stations, including those in New York, Washington, Boston, Los Angeles, Chicago, and Seattle.
The 1973 'Oil Shock' is considered a turning point in the history of the twentieth century. At the time it seemed to mark a definitive shift from the era of low priced oil to the era of expensive oil. For most Western industrialized countries, it became the symbolic marker of the end of an era. For many oil producers, it translated into an unprecedented control over their energy resources, and completed the process of decolonization, leading to a profound redefinition of international relations. This book provides an analysis of the crisis and its global political and economic impact. It features contributions from a range of perspectives and approaches, including political, economic, environmental, international and social history. The authors examine the origins of what was defined as an 'oil revolution' by the oil-producing countries, as well as the far-reaching effects of the 'shock' on the Cold War and decolonization, on international energy markets and the global economy. In doing so, they help place the event in its historical context as a key moment in the transformation of the international economy and of North-South relations.
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.
Tucked away in the northeastern corner of Alaska is one of the most contested landscapes in all of North America: the Arctic National Wildlife Refuge. Considered sacred by Indigenous peoples in Alaska and Canada and treasured by environmentalists, the refuge provides life-sustaining habitat for caribou, polar bears, migratory birds, and other species. For decades, though, the fossil fuel industry and powerful politicians have sought to turn this unique ecosystem into an oil field. Defending the Arctic Refuge tells the improbable story of how the people fought back. At the center of the story is the unlikely figure of Lenny Kohm (1939-2014), a former jazz drummer and aspiring photographer who passionately committed himself to Arctic Refuge activism. With the aid of a trusty slide show, Kohm and representatives of the Gwich'in Nation traveled across the United States to mobilize grassroots opposition to oil drilling in the refuge. Together, images and Indigenous voices helped build a political movement that galvanized the citizenry and transformed the debate into a struggle for environmental justice. In a time of escalating climate change, species extinction, and threats to Indigenous lands and cultures, this book demonstrates the power of collective action to defend human rights and ecosystems and the ability of diverse alliances to take on multinational corporations and change the world.
The upstream oil and gas sector in Brazil has suffered several changes since the first edition of Brazilian Upstream Law and Gas. These changes relate, among others, to the introduction of a production sharing regime, local content challenges and new regulations for unconventional operations. This new edition will include fully updated versions of all of the chapters covered in the first edition (including but not limited to the key elements of the Brazilian upstream legal framework, general Brazilian law, the regulatory entities and other players in the upstream sector, the petroleum legal regime, decommissioning challenges and project finance opportunities), but will also cover the regulatory changes for pre-salt and strategic areas, unconventional operations, local content challenges and other relevant topics. The chapters are written by highly respected Brazilian professionals, including experts from Mattos Filho, Pinheiro Neto, Machado Meyer Sendacz e Opice Advogados, Vieira Rezende, Merrill Lynch, Campos Mello Advogados and Ernst & Young (now known as EY). Their insights offer reliable guidance for international investors, as well as the lawyers assisting them, when they are required to consider potential investments in Brazil. Such insights will be particularly useful for those who are not yet familiar with the country's legal system.
Upon George Mitchell's death in 2013, The Economist proclaimed, "Few businesspeople have done as much to change the world as George Mitchell," a billionaire Texas oilman who defied the stereotypical swagger so identified with that industry. In George P. Mitchell: Fracking, Sustainability, and an Unorthodox Quest to Save the Planet, award-winning author Loren C. Steffy offers the first definitive biography of Mitchell, placing his life and legacy in a global context, from the significance of his discoveries to the lingering controversies they inspired. Mitchell will forever be known as "the father of fracking," but he didn't invent the drilling process; he perfected it and made it profitable, one of many varied ventures he pursued for years. Long before his company ever fracked a well, he pioneered sustainable development by creating The Woodlands, near Houston, one of the first and most successful master-planned communities. Its focus on environmental protection and livability redefined the American suburb. This apparent contradiction between his energy interests and environmental pursuits, which his son Todd dubbed "the Mitchell Paradox," was just one of many that defined Mitchell's life. Anyone who puts fuel in a tank or turns on a light switch has benefited from Mitchell's efforts. This compelling biography reveals Mitchell as a modern renaissance man who sought to make the world a better, more livable place, a man whose unbounded intellectual curiosity led him to support a wide range of interests in business, science, and philanthropy.
Oil and gas are key drivers of the world economy and the technical, commercial and legal applications which support their exploitation are becoming increasingly sophisticated. This new third edition of our best-selling title outlines in a single volume the essential principles involved in documenting oil and gas transactions, from the upstream exploration phase to transportation by pipeline and liquefied natural gas to sales and marketing. It is intended as a practical guide for anyone seeking a better understanding of the commercial and legal principles involved. Edited by Renad Younes, Partner at international law firm Ashurst, the fully updated third edition features contributions from leading practitioners including experts at Dentons, King & Spalding and Ashurst. Whether you are a lawyer in private practice or in industry, a commercial negotiator or from a financial institution or energy advisory practice, this title will provide a comprehensive insight into the oil and gas business.
This book addresses aspects of international law relating to petroleum contracts, examining oil and gas agreements between states and private companies and their intersection with rules of international law. It provides detailed and insightful coverage of the current practice as well as commentary and analysis based on the authors' extensive experience. The book covers topics such as the nature of international petroleum contracts, petroleum agreements as state contracts, issues of contract stability, the development of bilateral investment treaties, natural resource cycles, political risks and the specific petroleum policies of the International Bank for Reconstruction and Development, the International Monetary Fund and the International Development Association. This is a timely and comprehensive book on this important area of law.
Oil is one of the world's most important commodities, but few people know how its extraction affects the residents of petroleum-producing regions. In the 1960s, the Texaco corporation discovered crude in the territory of Ecuador's indigenous Cofan nation. Within a decade, Ecuador had become a member of OPEC, and the Cofan watched as their forests fell, their rivers ran black, and their bodies succumbed to new illnesses. In 1993, they became plaintiffs in a multibillion-dollar lawsuit that aims to compensate them for the losses they have suffered. Yet even in the midst of a tragic toxic disaster, the Cofan have refused to be destroyed. While seeking reparations for oil's assault on their lives, they remain committed to the survival of their language, culture, and rainforest homeland. Life in Oil presents the compelling, nuanced story of how the Cofan manage to endure at the center of Ecuadorian petroleum extraction. Michael L. Cepek has lived and worked with Cofan people for more than twenty years. In this highly accessible book, he goes well beyond popular and academic accounts of their suffering to share the largely unknown stories that Cofan people themselves create-the ones they tell in their own language, in their own communities, and to one another and the few outsiders they know and trust. Their words reveal that life in oil is a form of slow, confusing violence for some of the earth's most marginalized, yet resilient, inhabitants.
Lean Refining: How to Improve Performance in the Oil Industry addresses the tremendous opportunities this quality improvement system can exploit to achieve huge financial gains, while simultaneously improving morale, timeliness, quality, safety, reliability, and environmental performance. The book offers numerous examples of how lean methodologies can be applied, the gains that can be achieved, and takes readers through a prescriptive process of implementation. The book is divided into 3 parts. Part I is specific to the topic of lean manufacturing, and explains exactly what lean is... as well as what it isn't. Part II addresses lean manufacturing in the oil industry in general, and refining in particular. It explains why lean is not the prevalent improvement strategy in refining, and why it's more likely to appear among the smaller companies first. It also explains the differences that petroleum refining brings to the lean model. Part III covers topics needed to understand how to implement, organize, and roll out a lean transformation from the top down. An affiliated website boasts tons of valuable information, including: Forms and evaluations for such topics as The 10 Lean Killers, The 6 Roll Out Errors, The 5 Precursors to a Lean Transformation, and more; Samples of working documents such as A3s, Leader Standard Work, and 5 supervisory tools, in both template form and completed; A comprehensive reading and reference list of nearly 500 resources, broken into topical material; Links to 3rd-party websites where readers can download e-forms and other related information. "Lonnie Wilson merges his extensive knowledge and experience of both lean manufacturing and refining in an easy-to-grasp way." -N. Brandon Hughes, ChEng & Energy MBA, Optimization & Production Analyst, YASREF an Aramco JV"No matter what your business, the principles identified in this book can positively change your company's operating and financial results-and your management skills.... I highly recommend it." -Eugene J. Voiland, Founding President & CEO (retired), Aera Energy, LLC"It is simply uncanny how he breaks down complexity to deliver valuable insight and, most importantly, solutions that work." -Jason Farley, Founder BridgeGap Consulting"I have found in Lonnie Wilson a rare combination of both passion for, and the ability to clearly communicate, the principles of continuous improvement." -Michael J. Wiseman, Lean Six Sigma Black Belt MJW Lean Consulting LLC"A 'must read' for all refinery employees, these are instructions on how to create a world-class re fining team." -R.R. Kooiman, PE"I wish I could have had the opportunity to have Lonnie teach and mentor me 25 years ago." -Fred Kaschak, Global Manufacturing Director, The Woodbridge Group"It is not just the best book on the subject; it is the only book. Lean Refining will change the industry forever." - Robert H. Simonis, Founder, KCE Consulting, Director of Rapid Improvement, CEVA Logistics, Lieutenant Colonel (retired), U.S. ArmyLonnie Wilson, a Certified Six Sigma Master Black Belt and Six Sigma trainer, has been teaching and implementing Lean techniques for 40 years. His experience spans 20 years in manufacturing management with an international oil company. In 1990, he founded Quality Consultants, which teaches and applies Lean techniques to small entrepreneurs and Fortune 500 Firms, principally in the US, Mexico, and Canada. Mr. Wilson has taught for the El Paso Community College and the University of Texas at El Paso, and is an active Senior Member of the American Society for Quality Control. He has spoken at the iSixSigma annual Petroleum Energy Conferences, Industry Week, Honda Lean Suppliers Network, APICS, ASQ, and ARM (Association of Rotational Molders) Annual Conferences. Wilson is the author of the highly successful, How to Implement Lean Manufacturing, published by McGraw-Hill. Preface Introduction The Story of the Toyota Headrest Cell, the Theta Cell What Is Lean Manufacturing? Why Is Lean Manufacturing So Misunderstood? How Much Has Lean Penetrated the Refining Business? Where Will Lean First Appear in the Refining Industry? How Can Lean Benefit the Refining-Focused Businesses? What Differences Does Petroleum Refining Bring to Lean? The House of Lean Lean Manufacturing Foundational Issue-People Lean Manufacturing Foundational Issue-Process Stability Lean Manufacturing: The Quality Control Tools How Lean Has Worked in the Oil Business Distinguishing Lean from Other Improvement Methodologies Implementing the Lean Transformation. |
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