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Oil in the 21st Century

Oil in the 21st Century
Author: Robert Mabro
Publisher: Oxford University Press, USA
Total Pages: 388
Release: 2006
Genre: Business & Economics
ISBN: 9780199207381

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Oil is hitting the headlines once again. The big increases in oil prices over the past two years are upsetting consumers and puzzling producers. The reasons are difficult to understand, since few people are familiar with the complex workings of the price regime for oil in international trade. It is said that sluggish investment is a major cause, but what are the reasons for inadequate investment in oil producing and refining plants during the last 20 years? Does oil have a future? We are told that oil production will soon peak because the rate of production is higher than replacement rates. Climate change problems are casting a shadow over the future of fossil fuels. There may, however, be a solution to the nefarious CO2 emissions in, for instance, technologies that sequestrate carbon. Oil's stronghold is the transport sector: cars, trucks, railway engines, planes, ships. The demand for oil would suffer a fatal blow if technical innovations in car engines make it possible to use an alternative fuel to petrol or diesel. New energy sources - wind, solar, tide, waves, geo-thermal - are both renewable and environment-friendly. Do they represent a threat to the future of oil? An international team of experts addresses these highly topical questions in this comprehensive volume.


Optimization and Business Improvement Studies in Upstream Oil and Gas Industry

Optimization and Business Improvement Studies in Upstream Oil and Gas Industry
Author: Sanjib Chowdhury
Publisher: John Wiley & Sons
Total Pages: 336
Release: 2016-08-15
Genre: Technology & Engineering
ISBN: 1119100038

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Delves into the core and functional areas in the upstream oil and gas industry covering a wide range of operations and processes Oil and gas exploration and production (E&P) activities are costly, risky and technology-intensive. With the rise in global demand for oil and fast depletion of easy reserves, the search for oil is directed to more difficult areas – deepwater, arctic region, hostile terrains; and future production is expected to come from increasingly difficult reserves – deeper horizon, low quality crude. All these are making E&P activities even more challenging in terms of operations, technology, cost and risk. Therefore, it is necessary to use scarce resources judiciously and optimize strategies, cost and capital, and improve business performance in all spheres of E&P business. Optimization and Business Improvement Studies in Upstream Oil and Gas Industry contains eleven real-life optimization and business improvement studies that delve into the core E&P activities and functional areas covering a wide range of operations and processes. It uses various quantitative and qualitative techniques, such as Linear Programing, Queuing theory, Critical Path Analysis, Economic analysis, Best Practices Benchmark, Business Process Simplification etc. to optimize Productivity of drilling operations Controllable rig time loss Deepwater exploration strategy Rig move time and activity schedule Offshore supply vessel fleet size Supply chain management system Strategic workforce and human resource productivity Base oil price for a country Standardize consumption of materials Develop uniform safety standards for offshore installations Improve organizational efficiency through business process simplification The book will be of immense interest to practicing managers, professionals and employees at all levels/ disciplines in oil and gas industry. It will also be useful to academicians, scholars, educational institutes, energy research institutes, and consultants dealing with oil and gas. The work can be used as a practical guide to upstream professionals and students in petroleum engineering programs.


Why Carbon Fuels Will Dominate the 21st Century's Global Energy Economy

Why Carbon Fuels Will Dominate the 21st Century's Global Energy Economy
Author: Peter R. Odell
Publisher: multi-science publishing
Total Pages: 200
Release: 2004
Genre: Business & Economics
ISBN:

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This text provides a survey of the energy resources for the foreseeable future and argues that there is not, nor has there been, a supply crisis. It contends that the current claims of impending disaster are as falsely based as those first made in the 1960s, albeit for different reasons. This book argues that most attempts at reasonable analysis are undermined by the poor quality and confusing nature of much of the statistical data available, much of the confusion deliberately sowed by governments and oil companies to create impressions that best served them at different times. Data is interpreted in a coherent way, concluding that the predicted supply crisis is not going to be a near-term phenomenon.


Education and Training for the Oil and Gas Industry

Education and Training for the Oil and Gas Industry
Author: Phil Andrews
Publisher: Elsevier
Total Pages: 132
Release: 2016-11-03
Genre: Technology & Engineering
ISBN: 0128011831

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Education and Training for the Oil and Gas Industry: Localising Oil and Gas Operations, Volume Four in the Getenergy series will set out the case for localising the oil and gas operations within hydrocarbon-producing countries. The focus of this final Volume in the series will be to explore the value of engaging with local suppliers, local talent and other local stakeholders in the exploration and production of oil and gas resources. Specifically, we will set out an agenda around which operators and service companies can coalesce and that highlights the ways in which smart, targeted investments in education, training and local infrastructure can create a new way of doing business, particularly in developing or emerging energy economies. Getenergy Intelligence have developed a unique tool to evaluate the potential cost benefits of localisation for any given project. This volume lays out the rationale, methodology and processes we have developed to successfully map out localisation and implement strategic capacity development for oil and gas operations. The significant cost benefits of localisation have been recognised by a number of major oil and gas companies, but localisation is still an aspect of doing business that is poorly understood by much of the global industry. In the first section of this book, the authors provide the rationale for localisation and layout the core reasons for developing the tool. In the second section, the tool is described and the exact methodology is explained. In the final section the authors provide three case studies, demonstrating the tool in action and showing how we are able to measure the cost effectiveness and wider value of a coherent approach to localisation. Three detailed case studies exploring the benefits of localising the oil and gas workforce A rigorous economic rationale for localisation of oil and gas projects. Explores how localisation (and investment in local education, training and talent within that) is at the core of a successful oil and gas business in the 21st century Methods of implementing a strategy to educate and train local people in order to meet the core business needs around individual oil and gas projects


Energy In The 21st Century (4th Edition)

Energy In The 21st Century (4th Edition)
Author: John R Fanchi
Publisher: World Scientific Publishing Company
Total Pages: 486
Release: 2016-09-16
Genre: Technology & Engineering
ISBN: 9813144807

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Energy in the 21st Century is a valuable source of information for students, decision makers, opinion leaders, and the general public. Oil and natural gas price volatility continue to affect both the supply and demand for energy. Advances in other technologies, such as nuclear, wind, solar, and tidal technology, are altering the comparative economics of competing energy sources. New government policies are changing the landscape of the global energy marketplace. From our reliance on fossil fuels to the quest for new sources of energy, Energy in the 21st Century provides a fact-based analysis of the most prominent energy issues of our time. The fourth edition updates data and includes more discussion of recent advances. Some of the highlights of the fourth edition are expanded discussion of climate change and anthropogenic climate change; the 2015 COP21 Paris Agreement on Climate Change; nuclear fusion reactor prototypes (tokomak ITER and stellarator W7-X); advances in solar thermal and solar photovoltaic power plants, space based solar power, transparent photovoltaic cells, and hybrid solar wind technology; tidal and wave energy converters; oil from algae; the EU Supergrid; the Goldilocks Policy for energy transition and the Grand Energy Bargain. Energy in the 21st Century has been used as the text for the general college student population, as well as energy overview for MBA students. Pedagogical material includes learning objectives at the beginning of each chapter, end of chapter activities, a comprehensive index, a glossary, and an Appendix to help with converting units. Points to Ponder are provided throughout the text and are designed to encourage the reader to consider material from different perspectives. Video introduction: Energy in the 21st Century (4th edition) Press Release Energy in the 21st Century


Education and Training for the Oil and Gas Industry: Case Studies in Partnership and Collaboration

Education and Training for the Oil and Gas Industry: Case Studies in Partnership and Collaboration
Author: Phil Andrews
Publisher: Elsevier
Total Pages: 145
Release: 2014-05-06
Genre: Technology & Engineering
ISBN: 012800990X

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Volume 1: Education and Training for the Oil and Gas Industry: Case Studies in Partnership and Collaboration highlights, for the first time, 8 powerful case studies in which universities, colleges and training providers are working with oil companies to produce capable, competent people. This essential companion in our series illustrates not only the carefully researched details of the partnerships and collaborative activities, but also offers commentary on each of the cases from Getenergy’s decade of experience in uniting universities, colleges, training providers and the upstream oil and gas industry on a global basis. Edited by Getenergy’s Executive Team which—for more than a decade—has uniquely specialized in mapping and connecting the world of academia and learning with the upstream oil and gas industry through events and workshops around the globe. Detailed research into the key facts surrounding each case with analysis to enable readers to quickly and effectively extract the lessons and apply to a variety of challenges in building oil/gas workforce capacity. Highlights the business lessons for universities, colleges and training providers from collaborative working to support skills projects for major companies where demand is greatest. Includes full colour images and partnership diagrams’ to underscore key concepts Offers a unified and universal case study rating mechanism in which readers can participate on-line to be part of this important and varied community.


Energy In The 21st Century: Energy In Transition (5th Edition)

Energy In The 21st Century: Energy In Transition (5th Edition)
Author: John R Fanchi
Publisher: World Scientific
Total Pages: 424
Release: 2023-07-13
Genre: Science
ISBN: 9811275653

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This unique compendium provides a fact-based analysis of the most prominent energy issues of our time. It covers the period when the Covid pandemic swept across the world and substantially altered energy production and consumption. It discusses lessons learned following the reopening of economies around the world, and recognizes that we are in the midst of the energy transition. Insights into key energy topics, such as the timing of the energy transition and the need for a reliable energy portfolio for national security, are included.Some highlights of the new edition include discussions of climate change; lessons learned from the 2022 Russian invasion of Ukraine; introduction to small-scale, modular nuclear fission reactors; updates on the status of nuclear fusion reactor prototypes; advances in solar power plants and transparent photovoltaic cells; improvements in large-scale wind power; tidal and wave energy converters; oil from algae; the EU Supergrid; the transition to electric vehicles and its impact on demand for oil; and updating the Goldilocks Policy forecast.This textbook can also serve as a useful reference for students, decision makers, opinion leaders and the general public. Previous editions have been used as an introductory energy text for college and MBA students.