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Oil 2020 : analysis and forecast to 2025
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ISBN: 9789264483132 9264483136 Year: 2020 Publisher: Paris : International Energy Agency,

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The economics of oil and gas
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ISBN: 1788213092 1911116290 Year: 2020 Publisher: Newcastle upon Tyne : Agenda Publishing,

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The availability of low-cost energy from fossil fuels - in particular oil - has been the driving force behind postwar global economic growth, such that the petroleum industry has some of the world's largest companies. This book examines the economics of the oil and gas industry, from exploration, development and production, to transportation, refining and marketing. At each stage of the value chain, the key economic costs and considerations are presented in order to provide the reader with a comprehensive understanding of the workings of the industry.

The book examines some of the unique economic challenges the industry faces, including negotiating international contracts with host countries (to gain access to hydrocarbons), managing the risks of recovery, implementing cross-border pipelines, dealing with huge variations in the taxation of refined products, and reacting to the effect of price control and subsidization in the OPEC nations which can create massive volatility in pricing. The search for low-carbon fuels, the impact of shale gas, the prospect of finite reserves, and the global political realities of the competing demands of oil-importing and oil-exporting countries are shown to make the sector high risk, but the economic rewards can be huge.


Book
Russian oil companies in an evolving world : the challenge of change
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ISBN: 1788978013 1788978005 Year: 2020 Publisher: Northampton : Edward Elgar Publishing,

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"This book examines Russia's capacity to respond to a changing world through the lens of the country's oil industry. Against a backdrop of social, political and climatic change, Indra Overland and Nina Poussenkova present a systematic analysis of how modern energy developments in the form of shale oil, offshore oil and the global energy transition are handled. The book profiles Russia's five largest oil companies - Rosneft, LUKOIL, Gazprom Neft, Surgutneftegas and Tatneft - which are vital channels for much of Russia's income and constitute the backbone of the Russian economy. It explores the importance of the petroleum sector to Russian society, the place of Russian oil and gas in the world's energy supply and the rapid pace of change in the global energy industry. In doing so, it offers insights into internationalization, oil price fluctuations, corporate social responsibility and the impact of Western sanctions against Russia. This is an important read for scholars working on the Russian economy and energy business, particularly corporate social responsibility, organisational change and politics. It will also be a helpful reference tool for anyone working on the global petroleum sector who needs an update on the world's largest energy exporter"--


Book
Oilcraft : the myths of scarcity and security that haunt U.S. energy policy
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ISBN: 1503612341 1503600904 1503632598 Year: 2020 Publisher: Stanford, California : Stanford University Press,

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A bracing corrective to the myths that have shaped economic, military, and diplomatic policy, dispelling our oil-soaked fantasies of dependence. There is a conventional wisdom about oil—that the U.S. military presence in the Persian Gulf is what guarantees access to this strategic resource; that the "special" relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; and that these assumptions in turn provide Washington enormous leverage over Europe and Asia. Except, the conventional wisdom is wrong. Robert Vitalis debunks the myths to reveal "oilcraft," a line of magical thinking closer to witchcraft than statecraft. Oil is a commodity like any other: bought, sold, and subject to market forces. Thus, the first goal of this book is to expose the suspect fears of oil scarcity and conflict. The second goal is to investigate the significant geopolitical impact of these false beliefs. In particular, Vitalis shows how we can reconsider the question of the U.S.–Saudi special relationship, which confuses and traps many into unnecessarily accepting what they imagine is a devil's bargain. The House of Saud does many things for U.S. investors, firms, and government agencies, but guaranteeing the flow of oil, making it cheap, or stabilizing the price isn't one of them. Freeing ourselves from the spell of oilcraft won't be easy—but the benefits make it essential.


Book
Oil, Institutions and Sustainability in MENA : A Radical Approach through the Empowerment of Citizens
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ISBN: 3030259331 3030259315 Year: 2020 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book addresses the factors that have led to the lackluster economic performance of the oil MENA region, despite the wealth of its vast natural resource. It offers a radical policy recommendation as a way out. Using data from a wide variety of sources, it analyzes the major problems that confront the governments of the MENA region, and make the case why the status quo is unsustainable. Recently, Algeria has shown that people will tire of the status quo and will demand wholesale changes. At the core of the problem of corruption, rent seeking, waste, and lack of economic diversification, is the presence of oil and its control by the state. But oil by itself should help, not hinder MENA’s economic development. While historically, oil revenues may have contributed to the maintenance of corrupt institutions and rent seeking among oil-rich nations, the mere presence of such valuable natural resources need not be the problem. It argues for a plan to empower citizens and invert the power relationship, so that the citizen’s voices matter. For the spirit of the Arab Spring to be successful, the region must adopt significant institutional changes that embrace the rule of law, transparency, democratic accountability, and the protection of human and private rights.


Book
Oil Revenues, Security and Stability in West Africa
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ISBN: 3030379868 303037985X Year: 2020 Publisher: Cham : Springer International Publishing : Imprint: Palgrave Macmillan,

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This book offers a new look at the oil industry in West Africa, proposing to examine the entire region that has been viewed through the lens of Nigeria, Ghana and Gabon. The author argues that, in order to address peace and stability in the region, it is important to understand the transformative powers of petroleum revenue. The project also includes the author’s analysis of the problem on multiple levels: international oil companies, states, and local communities. Also, it takes a deeper look at the effects and importance of local communities in the above countries and discusses adequately the strategic challenges that petro-capitalism poses for West Africa’s regional stability and human security. Vandy Kanyako is Associate Professor at Portland State University, USA.


Book
Gateway Cities in Global Production Networks : Insights from the Oil and Gas Industry in Southeast Asia
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ISBN: 303016957X 3030169561 Year: 2020 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book provides a comprehensive analysis of the role of gateway cities in contemporary circuits of global production. Apart from facilitating the interlinking of economic activities in the surrounding regions with the global economy, gateway cities have enormous implications for how certain regions participate in the global economy. Based on a case study of the oil and gas industry in Southeast Asia the book maps gateway cities, explores why these cities have come to occupy a gateway role, and evaluates their implications for regional economic development. To this aim, the book links components from research on the World City Network with Global Production Network research and demonstrates how this intersection creates synergies for studying the role of cities in economic globalization. The main audiences that this book appeals to are researchers and students interested in debates on regional development and the role of cities in the global economy. The book is also attractive to scholars interested in the organization of extractive industries.


Book
Machine learning in the oil and gas industry : including geosciences, reservoir engineering, and production engineering with Python
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ISBN: 1484260945 1484260937 Year: 2020 Publisher: New York, New York State : APress,

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Apply machine and deep learning to solve some of the challenges in the oil and gas industry. The book begins with a brief discussion of the oil and gas exploration and production life cycle in the context of data flow through the different stages of industry operations. This leads to a survey of some interesting problems, which are good candidates for applying machine and deep learning approaches. The initial chapters provide a primer on the Python programming language used for implementing the algorithms; this is followed by an overview of supervised and unsupervised machine learning concepts. The authors provide industry examples using open source data sets along with practical explanations of the algorithms, without diving too deep into the theoretical aspects of the algorithms employed. Machine Learning in the Oil and Gas Industrycovers problems encompassing diverse industry topics, including geophysics (seismic interpretation), geological modeling, reservoir engineering, and production engineering. Throughout the book, the emphasis is on providing a practical approach with step-by-step explanations and code examples for implementing machine and deep learning algorithms for solving real-life problems in the oil and gas industry. You will: Understanding the end-to-end industry life cycle and flow of data in the industrial operations of the oil and gas industry Get the basic concepts of computer programming and machine and deep learning required for implementing the algorithms used Study interesting industry problems that are good candidates for being solved by machine and deep learning Discover the practical considerations and challenges for executing machine and deep learning projects in the oil and gas industry.


Book
Power grab : political survival through extractive resource nationalization
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ISBN: 1108781357 110878738X 1108802257 1108478891 Year: 2020 Publisher: Cambridge : Cambridge University Press,

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For rulers whose territories are blessed with extractive resources - such as petroleum, metals, and minerals that will power the clean energy transition - converting natural wealth into fiscal wealth is key. Squandering the opportunity to secure these revenues will guarantee short tenures, while capitalizing on windfalls and managing the resulting wealth will fortify the foundations of enduring rule. This book argues that leaders nationalize extractive resources to extend the duration of their power. By taking control of the means of production and establishing state-owned enterprises, leaders capture revenues that might otherwise flow to private firms, and use this increased capital to secure political support. Using a combination of case studies and cross-national statistical analysis with novel techniques, Mahdavi sketches the contours of a crucial political gamble: nationalize and reap immediate gains while risking future prosperity, or maintain private operations, thereby passing on revenue windfalls but securing long-term fiscal streams.

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