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Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
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.
Oil is the lifeblood of modern civilization, and the industry that supplies it has been the subject of intense interest and scrutiny, as well as countless books. And yet, almost no attention has been paid to little-known characters vital to the industry-secretive fixers and oil traders, lobbyists and PR agents, gangsters and dictators-allied with competing governments and multinational corporations. Virtually every stage in oil's production process, from discovery to consumption, is greased by secret connections, corruption, and violence, even if little of that is visible to the public. The energy industry, to cite just one measure, violates the US Foreign Corrupt Practices Act more often than any other economic sector, even weapons. This book sets out to tell the story of this largely hidden world. Based on trips to New York, Houston, New Orleans, Paris, Geneva, and Phnom Penh, among other far-flung locales, The Secret World of Oil includes up-close portraits of Louisiana oilmen and their political handlers; an urbane, captivating London fixer; and an oil dictator's playboy son who had to choose among more than three dozen luxury vehicles before heading out to party in Los Angeles. Supported by funding from the prestigious Open Society Foundations, this is both an entertaining global travelogue and a major work of investigative reporting.
This encyclopedia presents important research on the Middle East. Some of the topics discussed herein include Iran's ballistic missile and space launch programs; Iran sanctions; politics, governance, and human rights in Iraq; the Israel-Hezbollah conflict; reform, security and U.S. policies of Bahrain, Iran, Iraq, Kuwait, Israel, Jordan, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, The United Arab Emirates, and Yemen; and security, and U.S. trade and investment in the Middle East and North Africa.
They were a band of outsiders unable to get jobs with New York's gilded financial establishment. They would go on to build the world's multitrillion-dollar oil market, reaping unimaginable riches while bringing the economy to its knees. Meet the self-anointed kings of the New York Mercantile Exchange, the place where global oil prices are set to this day. In some ways, they are everything you would expect them to be: a secretive, members-only club of men and women who live lavish lifestyles; cavort with politicians, strippers, and celebrities; and blissfully jack up oil prices while profiting off the misery of the working class. In other ways, they are nothing you can imagine: many come from working-class families themselves. The progeny of Jewish, Irish, and Italian immigrants who escaped war-torn Europe, they take pride in flagrantly spurning Wall Street. Under the thumb of an all-powerful international oil cartel, the energy market had long eluded the grasp of America's hungry capitalists. Neither the oil royalty of Houston nor the titans of Wall Street had ever succeeded in fully wresting away control. But facing extinction, the rough-and - tumble traders of this tribe-led by the reluctant son of a produce merchant - went after Big Oil and won, creating the world's first free oil market and minting billions across decades of treachery and glory. Their stunning journey from poverty to prosperity belies the brutal and violent history that is their legacy. This is the real-life story both Washington and Wall Street don't want you to read.
People in Africa argue that natural resources are a blessing; it is the way these are plundered and used that can turn them into a curse. The continent has plenty of experience of such plunder. Rich in resources, Africa is a net supplier of energy and raw materials to the North. The climate crisis confronting the world today is rooted mainly in the wealthy economies' abuse of fossil fuels, indigenous forests and global commercial agriculture. But, without agreement about how to tackle this reality, the question often becomes what can be done about Africa. Or, sometimes, for Africa. This book looks at what has been done to Africa and how Africans should respond for the good of all. Bassey examines the oil industry in Africa, probes the roots of global warming, warns of its insidious impacts and explores false 'solutions'. Crucially, his intelligent and wide-ranging approach demonstrates that the issues around natural resource exploitation, corporate profiteering and climate change must be considered together if we are to save ourselves. What can Africa do? And can the rest of the world act in solidarity? If not, will we continue on the path laid out by elites that brings us ever closer to the brink? Many live in denial even as ecological and social disasters increase, but this is not inevitable and Bassey suggests how Africa can overcome the crises of environment and global warming.
On 20 April 2010 the Deepwater Horizon oil drilling rig was destroyed by an explosion and fire, and the oil well began releasing oil into the Gulf of Mexico. The oil spill caused significant economic harm to the Gulf fishing industry because of fishery closures and consumer concerns related to the safety of Gulf seafood. Intermediate and long-term concerns are related to impacts on marine populations and degradation of fisheries habitat necessary for spawning, development of early life stages and growth. This book presents information related to damages caused by the oil spill to Gulf fisheries and wildlife and efforts to mitigate these damages. Many uncertainties exist because of the complexity and scale of Gulf fisheries and ecosystems that have been affected by the oil spill. Direct and indirect damages to fisheries and the Gulf environment are still being assessed and these efforts are likely to continue for years to come.
Oil has made fortunes, caused wars, and shaped nations.
Accordingly, no one questions the idea that the quest for oil is a
quest for power. The question we should ask, "Finding Oil"
suggests, is 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.
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.
Out of sight, out of mind. That's the general public's reaction to the crucial movement of oil around the world's oceans. Yet this vital supply chain that allows the world to function is constantly under enormous, largely unreported pressure. The uninterrupted flow of oil is essential to globalization and increasingly so as manufacturing and markets move Eastwards to Asia. However, it is threatened by conflicts between nation states, pirates and global warming. All too often the movement of oil by ocean is something taken for granted by the majority of the world yet it is fraught with difficulty, and could haemorrhage global growth if issues covered in this book are not resolved or allowed to escalate. From reporting onboard giant tankers to looking at the geopolitical shift in oil consumption, "Oil on Water" is holistic, all encompassing and engrossing look at the way oil is moved and consumed mixing reportage, examples and hard-hitting facts.
The global market for oil and gas resources is rapidly changing. Three major trends --the rise of new consumers, the increasing influence of state players, and concerns about climate change --are combining to challenge existing regulatory structures, many of which have been in place for a half-century. "Global Energy Governance" analyzes the energy market from an institutionalist perspective and offers practical policy recommendations to deal with these new challenges. Much of the existing discourse on energy governance deals with hard security issues but neglects the challenges to global governance. "Global Energy Governance" fills this gap with perspectives on how regulatory institutions can ensure reliable sources of energy, evaluate financial risk, and provide emergency response mechanisms to deal with interruptions in supply. The authors bring together decisionmakers from industry, government, and civil society in order to address two central questions: -What are the current practices of existing institutions governing global oil and gas on financial markets? -How do these institutions need to adapt in order to meet the challenges of the twenty-first century? The resulting governance-oriented analysis of the three interlocking trends also provides the basis for policy recommendations to improve global regulation. Contributors include Thorsten Benner, Global Public Policy Institute, Berlin; William Blyth, Chatham House, Royal Institute for International Affairs, London; Albert Bressand, School of International and Public Affairs, Columbia University; Dick de Jong, Clingendael International Energy Programme; Ralf Dickel, Energy Charter Secretariat; Andreas Goldthau, Central European University, Budapest, and Global Public Policy Institute, Berlin; Enno Harks, Global Public Policy Institute, Berlin; Wade Hoxtell, Global Public Policy Institute, Berlin; Hillard Huntington, Energy Modeling Forum, Stanford University; Christine Jojarth, Center on Democracy, Development, and the Rule of Law, Stanford University; Frederic Kalinke, Department of Politics and International Relations, Oxford University; Wilfrid L. Kohl, School of Advanced International Studies, Johns Hopkins University; Jamie Manzer, Global Public Policy Institute, Berlin; Amy Myers Jaffe, James A. Baker Institute for Public Policy, Rice University; Yulia Selivanova, Energy Charter Secretariat; Tom Smeenk, Clingendael International Energy Programme; Ricardo Soares de Oliveira, Department of Politics and International Relations, Oxford University; Ronald Soligo, Rice University; Joseph A. Stanislaw, Deloitte LLP and The JAStanislaw Group, LLC; Coby van der Linde, Clingendael International Energy Programme; Jan Martin Witte, Global Public Policy Institute, Berlin; Simonetta Zarrilli, Division on International Trade and Commodities, United Nations Conference on Trade and Development
Antonia Juhasz, a leading activist and expert on corporations and globalization, investigates the true state of the U.S. oil industry, uncovering its virtually unparalleled influence over our elected officials, its lack of regulatory oversight, and the highest profit rates in corporate history. She offers an immediate call to action - a formula for reining in the industry, cutting down its governmental powers, environmental destruction, and movement toward war while reducing global dependence on oil - and proposes a bold yet viable answer: break up the nation's leading oil companies. Drawing on her own detailed historical research, Juhasz explores the parallels between today's companies and Standard Oil, the most powerful corporation of the early 20th century, whose stranglehold on the economy and government was broken only by the vision and persistence of activists and like-minded politicians.
The price and availability of oil and natural gas affects every American. That's why it is important that the Energy Committee's first hearing of the 110th Congress focused on the global oil situation and its implications for U.S. economic and national security interests. As a nation, we now depend on oil imports to meet sixty percent of our oil needs. Even modest disruptions in the world supply can result in price spikes at the pump, as we have seen in recent years. First, there is little surplus production capacity relative to global demand. Much of the current production is controlled by national oil companies that are often making political rather than economic decisions, and are not making the investments needed to maintain and expand production capacity. This book examines the geopolitical factors surrounding the acquisition of oil supplies.
Oil has played a major role in Venezuela's economy since the first gusher was discovered along Lake Maracaibo in 1922. As Miguel Tinker Salas demonstrates, oil has also transformed the country's social, cultural, and political landscapes. In "The Enduring Legacy," Tinker Salas traces the history of the oil industry's rise in Venezuela from the beginning of the twentieth century, paying particular attention to the experiences and perceptions of industry employees, both foreign and Venezuelan. He reveals how class ambitions and corporate interests combined to reshape many Venezuelans' ideas of citizenship. Middle-class Venezuelans embraced the oil industry from the start, anticipating that it would transform the country by introducing modern technology, sparking economic development, and breaking the landed elites' stranglehold. Eventually Venezuelan employees of the industry found that their benefits, including relatively high salaries, fueled loyalty to the oil companies. That loyalty sometimes trumped allegiance to the nation-state. North American and British petroleum companies, seeking to maintain their stakes in Venezuela, promoted the idea that their interests were synonymous with national development. They set up oil camps--residential communities to house their workers--that brought Venezuelan employees together with workers from the United States and Britain, and eventually with Chinese, West Indian, and Mexican migrants as well. Through the camps, the companies offered not just housing but also schooling, leisure activities, and acculturation into a structured, corporate way of life. Tinker Salas contends that these practices shaped the heart and soul of generations of Venezuelans whom the industry provided with access to a middle-class lifestyle. His interest in how oil suffused the consciousness of Venezuela is personal: Tinker Salas was born and raised in one of its oil camps.
Oil leaks from aboveground tanks have contaminated soil and water, threatening human health and wildlife. To prevent damage from oil spills, the Environmental Protection Agency (EPA) issued the Spill Prevention, Control, and Countermeasure (SPCC) rule in 1973. EPA's 10 regions inspect oil storage facilities to ensure compliance with the rule. EPA estimates that about 571,000 facilities are subject to this rule. Some states also regulate oil storage tanks. GAO determined (1) how EPA regions implement the SPCC program, (2) the data EPA has to implement and evaluate the program, and (3) whether some states' tank programs suggest ways for EPA to improve its program. GAO surveyed all 10 EPA regions and interviewed officials in EPA and six states selected on the basis of experts' recommendations, among other criteria.
Refine your path to career success Get started in a career that has a promising future and is financially rewarding. "Opportunities in Petroleum Careers" provides you with a complete overview of the job possibilities, salary figures, and experience required to enter the petroleum industry. This career-boosting book will help you: Determine the specialty that's right for you, from scientific research to oil refining to petroleum sales Acquire in-depth knowledge of the petroleum industry Find out what kind of salary you can expect Understand the daily routine of your chosen field Focus your job search using industry resources ENJOY A GREAT CAREER AS A:
How did they do it? How did a profligate who killed a deputy sheriff before reforming, a mining engineer who went AWOL from the Austrian Navy, and three East Texas drillers join forces with other equally colorful characters to drill on Spindletop hill? Giant Under the Hill is a scholarly work firmly rooted in the narrative tradition, a great story intriguingly told by three Beaumont historians: Jo Ann Stiles, Ellen Rienstra, and Judith Linsley. Using material collected over decades, much of it never before published, they bring to life the efforts of Pattillo Higgins, Anthony Lucas, Al and Curt Hamill, and Peck Byrd to master the Spindletop salt dome that culminated in the discovery of the great Lucas gusher. Their find subsequently transformed not only the state of Texas but the entire oil industry. Giant Under the Hill is the definitive story of one of the most significant and colorful moments in Texas history. The authors delved deeply into available records and found treasures at every turn. As news of their work spread, people came forward from all over the country with even more photographs and documents. This exhaustively researched book focuses on the Lucas gusher in Beaumont in 1901, as well as the events leading up to it and the immediate aftermath. It's all here -- the challenge and frustration of the search, the excitement of the discovery, the euphoric chaos of the boom, and the genesis of the giant companies. After the gusher came in, life would never be the same.
Alberta's oil sands represent a vast and untapped oil reserve that could reasonably supply all of Canada's energy needs for the next 475 years. With an estimated 300 billion barrels of recoverable oil at stake, the quest to develop this natural resource has been undertaken by many powerful actors, both nationally and internationally. Using research that integrates the economic, political, scientific, and business factors that have been influential in discovering and developing the sands, this book provides a comprehensive history of the oil sands project and a window on the nature of the complex relationships between industry, government, and transnational players. This book is the first comprehensive volume to examine the origins and development of the oil sands industry over the last century.
In 2006, world oil consumption will exceed one. thousand barrels per second. The news marks an. important change that will have a far-reaching. impact on world economies, investments, and business. profitability.. In "A Thousand Barrels a Second," Chief Energy. Economist of ARC Financial Peter Tertzakian. delivers a provocative look at the future of oil and. offers fresh insight into what it will take. to rebalance our energy needs and seize new. opportunities.. Tertzakian provides a unique analysis of shifts in. energy trends, describing how past critical junctures. -what he calls energy break points-developed, . evolved, and shaped nations; changed consumer. behavior; and launched or ruined businesses.. With the world already consuming 85 million. barrels of oil a day, Tertzakian answers the top. questions that business leaders, policy makers, . investors, and concerned citizens are asking him. as we approach the coming break point: . . Are today's high oil and gas prices. part of a routine business cycle, or are. there more profound forces at play?. Have we entered a new multi-polar. world where energy is the primary. source of geopolitical tension?. Are hybrid vehicles our only solution. against high gasoline prices?. Is China's growing thirst for energy. sustainable?. What sort of global landscape will. emerge from the turmoil?. Which government policies work and. which do not?. Will nuclear power and coal save the. day-again?. . Tertzakian also offers a realistic, informed look. into the volatile future of our energy supply chains. and how our consumption patterns may evolve, . revealing how governments, businesses, and even. individuals can meet the coming challengeswith. better solutions and innovations.. Serving as a sobering yet hopeful wake-up call, . this book shows how the lessons of history will. help us find our way toward a better, more. secure energy future.. .
Public and private institutions in the United States have long been home to a variety of art works, antiquities, and ethnological materials. For years, these collections have been seen as important archives that allow present and future generations to enjoy, appreciate, and value the art of all cultures. In the past decade, however, questions have been raised as to exactly what constitutes legal and ethical ownership of art and other cultural property. Some observers believe that art and ethnological materials should remain in source countries, and have lobbied for an end to art trading. Recent changes to U.S. law may curtail both private and public collecting. Contributors to "Who Owns the Past?" include legal scholars, museum professionals, anthropologists, archaeologists, and collectors. In clear, nontechnical language, they provide a comprehensive overview of the development of cultural property law and practices, as well as recent case law affecting the ability of museums and private collectors to own art from other countries. Topics covered include rights to property, ethical ownership, the public responsibilities of museums, threats to art from war and development, and international cooperation to preserve collections in the developing world. Engaging all perspectives on this debate, "Who Owns the Past?" challenges all who care about the arts to work together toward policies that consider traditional American interests in securing cultural resources, and respect international concerns over loss of heritage.
To help prevent a repetition of the economic dislocation caused by the 1973-74 Arab oil embargo, Congress authorised the Strategic Petroleum Reserve (SPR) in the Energy Policy and Conservation Act (EPCA, P.L. 94-163). Physically, the SPR comprises five underground storage facilities, hollowed out from naturally occurring salt domes, located in Texas and Louisiana. Oil stored at one of the sites, Weeks Island, was transferred after problems with the structural integrity of the cavern were discovered in the mid-1990s. Hurricane Katrina made landfall early in the morning of August 29, 2005 inflicting severe damage and shutting down oil and gas production and refining activities in the Gulf of Mexico. Damage assessments continue. By September 2, three requests for loans totalling 8.5 million barrels had been approved; a few others are pending. The Administration also announced it was making 30 million barrels available. However, as a policy tool to respond to the crisis, the SPR has limitations because a barrel of crude contributes to product supply only if there is refining capacity to turn the crude into gasoline or diesel fuel. Consequently, recovery from the hurricane's effects will depend upon resumption of production and refining operations in the Gulf, and the ability to transport petroleum products. On August 8, 2005, the President signed the Energy Policy Act of 2005 (H.R. 6). The bill as enacted permanently authorises the SPR and requires, "as expeditiously as practicable," expansion of the SPR to its authorised maximum of 1 billion barrels. The Secretary is required to develop procedures for achieving the fill objective without "incurring excessive cost," or placing upward pressure on prices. Any fill policy is also to take into consideration minimising income foregone to the Treasury by filling the SPR with additional royalty-in-kind (RIK) oil.
"Paul Sabin has written a brilliant case study of how legal and
political choices construct 'free markets'. He shows how battles
over property rights, regulation, taxes, and highway and
environmental policy shaped the oil market and with it the future
of California's cities, roads, coastline and public finance.
Clear-headed, meticulous, and filled with the drama of momentous
conflicts between public and private interests, "Crude Politics" is
legal-economic history at its best."--Robert W. Gordon, Chancellor
Kent Professor of Law and Legal History, Yale University |
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