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| petroleum economic analysis: Economic Analysis of Oil and Gas Engineering Operations Hussein K. Abdel-Aal, 2021-02-26 Engineers seek solutions to problems, and the economic viability of each potential solution is normally considered along with the technical merits. This is typically true for the petroleum sector, which includes the global processes of exploration, production, refining, and transportation. Decisions on an investment in any oil or gas field development are made on the basis of its value, which is judged by a combination of a number of economic indicators. Economic Analysis of Oil and Gas Engineering Operations focuses on economic treatment of petroleum engineering operations and serves as a helpful resource for making practical and profitable decisions in oil and gas field development. Reflects major changes over the past decade or so in the oil and gas industry Provides thorough coverage of the use of economic analysis techniques in decision-making in petroleum-related projects Features real-world cases and applications of economic analysis of various engineering problems encountered in petroleum operations Includes principles applicable to other engineering disciplines This work will be of value to practicing engineers and industry professionals, managers, and executives working in the petroleum industry who have the responsibility of planning and decision-making, as well as advanced students in petroleum and chemical engineering studying engineering economics, petroleum economics and policy, project evaluation, and plant design. |
| petroleum economic analysis: Petroleum Economics and Engineering M.A. Al-Sahlawi, 1992-01-22 Revised and updated to reflect major changes in the field, this second edition presents an integrated and balanced view of current attitudes and practices used in sound economic decision-making for engineering problems encountered in the oil industry. The volume contains many problem-solving examples demonstrating how economic analyses are applied |
| petroleum economic analysis: The Economics of Oil S.W. Carmalt, 2016-12-26 This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived “fracking revolution,” but enough to be able to claim that “peak oil” was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy./div”Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In today’s economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, “tight oil” and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. “Drill baby drill” and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable. |
| petroleum economic analysis: Decision Analysis for Petroleum Exploration Paul D. Newendorp, 2017-07-20 Decision Analysis for Petroleum Exploration By Paul D. Newendorp |
| petroleum economic analysis: Economics of Worldwide Petroleum Production Fraser H. Allen, Richard D. Seba, 1993 |
| petroleum economic analysis: Petroleum Economics and Engineering, Third Edition Hussein K. Abdel-Aal, Mohammed A. Alsahlawi, 2013-12-14 This book explains how to apply economic analysis to the evaluation of engineering challenges in the petroleum industry. Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods. Packed with real-world examples and case studies demonstrating how to calculate rate of return, discounted cash flow, payout period, and more, Petroleum Economics and Engineering, Third Edition assists petroleum engineers, chemical engineers, production workers, management, and executives in sound economic decision-making regarding the design, manufacture, and operation of oil and gas plants, equipment, and processes. The fully revised third edition is updated to reflect key advancements in petroleum technology and expanded to include chapters on middle stream operations, known as surface petroleum operations (SPO), and natural gas processing and fractionation. By looking globally at the hydrocarbon industry, the improved text offers the reader a more complete picture of the petroleum sector, which includes the global processes of exploration, production, refining, and transportation. |
| petroleum economic analysis: Economic Decision Analysis Babak Jafarizadeh, 2022-03-09 This book discusses the art and science of economic decision making. It combines logical thinking with analytics, economics, and finance to draw decision insights for the upstream petroleum projects. The book offers useful analysis skills for practitioners in industry, including analysts, engineers, and managers. In addition, advanced undergraduate and graduate students in petroleum engineering, applied petroleum geoscience, industrial engineering, and energy business would benefit from the discussions in this book. |
| petroleum economic analysis: Hydrocarbon Exploration and Production Frank Jahn, 1998-03-13 This book on hydrocarbon exploration and production is the first volume in the series Developments in Petroleum Science. The chapters are: The Field Life Cycle, Exploration, Drilling Engineering, Safety and The Environment, Reservoir Description, Volumetric Estimation, Field Appraisal, Reservoir Dynamic Behaviour, Well Dynamic Behaviour, Surface Facilities, Production Operations and Maintenance, Project and Contract Management, Petroleum Economics, Managing the Producing Field, and Decommissioning. |
| petroleum economic analysis: The Oil Curse Michael L. Ross, 2013-09-08 Explaining—and solving—the oil curse in the developing world Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats—and twice as likely to descend into civil war—than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed. |
| petroleum economic analysis: Petroleum and Gas Field Processing H.K. Abdel-Aal, Mohamed Aggour, M.A. Fahim, 2003-07-03 The immediate product extracted from oil and gas wells consists of mixtures of oil, gas, and water that is difficult to transport, requiring a certain amount of field processing. This reference analyzes principles and procedures related to the processing of reservoir fluids for the separation, handling, treatment, and production of quality petroleum oil and gas products. It details strategies in equipment selection and system design, field development and operation, and process simulation and control to increase plant productivity and safety and avoid losses during purification, treatment, storage, and export. Providing guidelines for developing efficient and economical treatment systems, the book features solved design examples that demonstrate the application of developed design equations as well as review problems and exercises of key engineering concepts in petroleum field development and operation. |
| petroleum economic analysis: Engineering Economy in Upstream Oil & Gas Field Development Menglan Duan, Mac Darlington Uche ONUOHA, 2021-02-09T00:00:00+01:00 The business of upstream oil and gas industry is a complex process that involves multidisciplinary participation. Producing crude oil and natural gas from the subsurface reservoir rocks to the point of the selling terminal requires stage by stage processes that costs several hundreds of millions of dollars to the operating companies. Because of the capital intensive nature of upstream investments, every required process is challenged of its economic impact or benefits it will have on the project’s net present value (NPV). The techniques applied in determining the economics of these processes and their selection criteria are addressed in the book. This book guides the reader through these strategic processes, and presents the participants involved in the business of upstream oil and gas prospecting and the conditions that dictate the field development and investment decisions by investors. It also reveals the shared interests and relationships that exist between international oil companies (IOCs) and national oil companies (NOCs) in the exploration and exploitation of their hydrocarbon resources and reserves. This text will serve the purpose of teaching and learning to those in the energy and financial sectors, as the methods, tools, and techniques discussed throughout the chapters will equip students, tutors, experts, and professionals with the necessary skills and knowledge of Exploration and Production (E&P) projects and energy financing and investment. The principles of project management as it applies in upstream oil/gas projects are discussed as well. And the criteria for project ranking, selection, and budgeting which are sine qua non to project financing and execution are well documented in this book. |
| petroleum economic analysis: Dynamic Risk Analysis in the Chemical and Petroleum Industry Nicola Paltrinieri, Faisal Khan, 2016-08-06 Dynamic Risk Analysis in the Chemical and Petroleum Industry focuses on bridging the gap between research and industry by responding to the following questions: - What are the most relevant developments of risk analysis? - How can these studies help industry in the prevention of major accidents? Paltrinieri and Khan provide support for professionals who plan to improve risk analysis by introducing innovative techniques and exploiting the potential of data share and process technologies. This concrete reference within an ever-growing variety of innovations will be most helpful to process safety managers, HSE managers, safety engineers and safety engineering students. This book is divided into four parts. The Introduction provides an overview of the state-of-the-art risk analysis methods and the most up-to-date popular definitions of accident scenarios. The second section on Dynamic Risk Analysis shows the dynamic evolution of risk analysis and covers Hazard Identification, Frequency Analysis, Consequence Analysis and Establishing the Risk Picture. The third section on Interaction with Parallel Disciplines illustrates the interaction between risk analysis and other disciplines from parallel fields, such as the nuclear, the economic and the financial sectors. The final section on Dynamic Risk Management addresses risk management, which may dynamically learn from itself and improve in a spiral process leading to a resilient system. - Helps dynamic analysis and management of risk in chemical and process industry - Provides industry examples and techniques to assist you with risk- based decision making - Addresses also the human, economic and reputational aspects composing the overall risk picture |
| petroleum economic analysis: Petroleum Fiscal Systems E. T. Jarlsby, Eduardo G. Pereira, 2018 The book reviews the various instruments which may form the petroleum fiscal system of a jurisdiction, with numerous examples from countries having configured their systems very differently. |
| petroleum economic analysis: Production-sharing Agreements Kirsten Bindemann, 1999 |
| petroleum economic analysis: Upstream Petroleum Fiscal and Valuation Modeling in Excel Ken Kasriel, David Wood, 2013-06-06 Please contact the authors at upstream.petroleum.in.excel@gmail.com for details of how to access the trial version of Crystal Ball, as well as the Excel and other files which are *not* part of the e-book version download. This is a book no deal team should be without. It is a must for those involved in upstream oil and gas transactions, planning, budgeting, investment appraisal and portfolio management. Its step–by–step approach cuts through complexity, making it comprehensive and understandable by a wide range of users with a wide range of abilities. It can be used as a textbook, an introductory primer or as a handbook that you can dip in and out of or read cover to cover. —Michael Lynch-Bell, Senior Advisor, Oil & Gas, Ernst & Young LLP; ex-officio Chairman, UN Expert Group on Resource Classification In the upstream petroleum industry, it is the value of post–tax cashflows which matters most to companies, governments, investors, lenders, analysts, and advisors. Calculating these cashflows and understanding their “behavior,” however, is challenging, as the industry’s specialized fiscal systems can be complex, jargon–laden, and sometimes seem to be a “world of their own”. Upstream Petroleum Fiscal and Valuation Modeling in Excel: A Worked Examples Approach demystifies fiscal analysis which, unlike disciplines such as Earth sciences and engineering, can be learned from a book. Written in plain English for laymen and for experienced practitioners alike, it is a reader–friendly, clear, practical, step–by–step hands–on guide for both reference and self–paced study. The book does not catalogue the 100+ different petroleum fiscal regimes in use at the time of writing. Rather, drawing on the authors’ combined 48 years’ experience, it takes a more timeless, generic treatment, by covering the most common variants of royalties, taxation, production sharing arrangements, bonuses and abandonment funding , through a dual approach: first, showing how to model them in Excel , and then providing interactive exercises to prompt (and answer) questions that analyze impacts on cashflows. In addition to the main text, the book consists of over 120 Excel files (ranging from modular examples to full models) in Excel 2007 and 2003 formats; over 400 pages of supplementary PDF files; VBA features to enhance model functionality; and an introduction to risk modeling with exercises for the included trial version of Oracle’s Crystal Ball software. It offers both a wealth of content and models equal to or surpassing what is available from fiscal modeling courses costing several times more; and greater insights into underlying calculations than commercially available “black box” fiscal software. New US Securities and Exchange Commission (SEC) rules planned for 2013 will force petroleum companies to disclose more fiscal information on an individual country basis. This will make it more important than ever for analysts to understand how to model oil and gas terms and the potential impacts of the disclosed government payments on future oil and gas company profitability. Due to the heavy use of graphics and cross references used in this particular text, some readers might find that the printed book offers a more optimal reading experience than certain e-formats particularly with the Kindle eMobi format. |
| petroleum economic analysis: The Future of Petroleum in Lebanon Sami Atallah, Bassam Fattouh, 2019-09-19 What is the future of the oil and gas sector in Lebanon? Following the recent discovery of these valuable resources in the southern Mediterranean, including in the Cypriot and Israeli offshore reserves, the possibility of Lebanon also becoming a petroleum-producing country has been raised. This collection of essays addresses the major challenges and opportunities that accompany the country's hope to join the petroleum club. Covering the key policy issues - from Lebanon's susceptibility to the oil curse, to the environmental risks of production - this book brings together expert analysis to offer answers at the institutional level. Of central importance, the contributors argue, is that for Lebanon to benefit from the discovery of petroleum, it must first reform its institutions with the full support of the voting public and civil society. Combining rigorous quantitative and qualitative research, the Lebanese Center for Policy Studies has produced here an essential book that puts petroleum in Lebanon, and the important questions that come with it, within a global perspective. |
| petroleum economic analysis: Petropolitics Alan J MacFadyen, Gordon Campbell Watkins, 2014 |
| petroleum economic analysis: Petroleum Economics Jean Masseron, 1990 This book is a valuable tool in understanding the dynamics of the oil industry from both a broad and specific economic perspective. It contains insights into the underlying features and mechanisms of the oil industry and its many branches, as well as a special emphasis on relevant international problems. It also provides a wealth of statistical information and should be of interest to all concerned with energy matters” (Euroil). “Petroleum Economics, by Jean Masseron, is a fine introductory text to the entire scope of activities and economic conditions facing the world-wide petroleum industry” (AAPG Bulletin). “This book, already used by many organizations, should be especially useful for engineers, economists and managers concerned with energy matters, and also those who, beyond the technical aspects, wish to acquire and in-depth understanding of the economic mechanisms in a vital sector for world development today” (JCPT). Contents : Introduction: Principal economic characteristics. I. Crude oil supply and demand. 1. The crude oil market. 2. Technical cost of exploration and production. 3. Tax and legal aspects. II. The economics of crude oil transportation. 1. Transportation by tanker. 2. Crude oil pipelining. III. Finished products supply: refining. 1. The search for optimal economic conditions. 2. Present unit location and cost of refinery processing. 3. Legal organization. IV. Demand and marketing of petroleum products. 1. The petroleum products in the principal consuming countries. 2. The distribution of petroleum products. 3. The marketing of petroleum products. V. Petrochemicals. 1. General characteristics. 2. Economics of two large basic units. 3. The market for the principal finished products. 4. Problems of today. VI. Natural gas. 1. Natural gas supply in the world. 2. Transportation. 3, International markets and prices. Conclusion: Energy and petroleum problems of the future. Bibliography. |
| petroleum economic analysis: Introduction to Economic Analysis R. Preston McAfee, 2009-09-24 This book presents introductory economics material using standard mathematical tools, including calculus. It is designed for a relatively sophisticated undergraduate who has not taken a basic university course in economics. The book can easily serve as an intermediate microeconomics text. The focus of this book is on the conceptual tools. Contents: 1) What is Economics? 2) Supply and Demand. 3) The US Economy. 4) Producer Theory. 5) Consumer Theory. 6) Market Imperfections. 7) Strategic Behavior. |
| petroleum economic analysis: Energy Economics Subhes C. Bhattacharyya, 2019-11-02 This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples. This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background. |
| petroleum economic analysis: , |
| petroleum economic analysis: Technical Guidance for Petroleum Exploration and Production Plans Tarek Al-Arbi Omar Ganat, 2020-03-31 This book presents detailed explanations of how to formulate field development plans for oil and gas discovery. The data and case studies provided here, obtained from the authors’ field experience in the oil and gas industry around the globe, offer a real-world context for the theories and procedures discussed. The book covers all aspects of field development plan processes, from reserve estimations to economic analyses. It shows readers in both the oil and gas industry and in academia how to prepare field development plans in a straightforward way, and with substantially less uncertainty. |
| petroleum economic analysis: Petroleum Conservation in the United States Stephen Macdonald, 2013-10-18 The author develops an economic framework for analyzing state regulation of oil and gas and concludes that existing regulations fall short of assuring optimum well spacing, production rates, use of associated gas, and exploration. Originally published in 1971. |
| petroleum economic analysis: The International Political Economy of Oil and Gas Slawomir Raszewski, 2017-11-15 This book addresses energy research from four distinct International Political Economy perspectives: energy security, governance, legal and developmental areas. Energy is too important to be neglected by political scientists. Yet, within the mainstream of the discipline energy research still remains a peripheral area of academic enquiry seeking to plug into the discipline’s theoretical debates. The purpose of this book is to assess how existing perspectives fit with our understanding of social science energy research by focusing on the oil and gas dimension. |
| petroleum economic analysis: Optimization and Business Improvement Studies in Upstream Oil and Gas Industry Sanjib Chowdhury, 2016-08-15 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. |
| petroleum economic analysis: Project Economics & Decision Analysis Mohammed A. Mian, 2024 The Project Economics and Decision Analysis books cover essential concepts of capital investment evaluation, capital budgeting, and decision analysis. They guide readers step-by-step through the decision-making process, offering an extensive exploration of decision analysis tools available today. The books detail how investment decisions are approached under various stages of risk, with a focus on practical application. Using a straightforward style, they incorporate solved real-life examples, end-of-chapter problems, and numerous illustrations to enhance understanding-- |
| petroleum economic analysis: Fiscal Systems for Hydrocarbons Silvana Tordo, 2007-01-01 Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment. |
| petroleum economic analysis: The Economics of Oil and Gas Xiaoyi Mu, 2020 This book examines the economics of the entire value chain of the oil and gas industry, from exploration, development, and production, to transportation, refining, and marketing. At each stage, the key economic costs, considerations, and appropriate business strategies are explored. |
| petroleum economic analysis: The End of Oil Paul Roberts, 2005-04-05 “A stunning piece of work—perhaps the best single book ever produced about our energy economy and its environmental implications” (Bill McHibbon, The New York Review of Books). Petroleum is so deeply entrenched in our economy, politics, and daily lives that even modest efforts to phase it out are fought tooth and nail. Companies and governments depend on oil revenues. Developing nations see oil as their only means to industrial success. And the Western middle class refuses to modify its energy-dependent lifestyle. But even by conservative estimates, we will have burned through most of the world’s accessible oil within mere decades. What will we use in its place to maintain a global economy and political system that are entirely reliant on cheap, readily available energy? In The End of Oil, journalist Paul Roberts talks to both oil optimists and pessimists around the world. He delves deep into the economics and politics, considers the promises and pitfalls of oil alternatives, and shows that—even though the world energy system has begun its epochal transition—we need to take a more proactive stance to avoid catastrophic disruption and dislocation. |
| petroleum economic analysis: Process Intensification and Integration for Sustainable Design Dominic C. Y. Foo, Mahmoud M. El-Halwagi, 2020-12-01 Presents comprehensive coverage of process intensification and integration for sustainable design, along with fundamental techniques and experiences from the industry Drawing from fundamental techniques and recent industrial experiences, this book discusses the many developments in process intensification and integration and focuses on increasing sustainability via several overarching topics such as Sustainable Manufacturing, Energy Saving Technologies, and Resource Conservation and Pollution Prevention Techniques. Process Intensification and Integration for Sustainable Design starts discussions on: shale gas as an option for the production of chemicals and challenges for process intensification; the design and techno-economic analysis of separation units to handle feedstock variability in shale gas treatment; RO-PRO desalination; and techno-economic and environmental assessment of ultrathin polysulfone membranes for oxygen-enriched combustion. Next, it looks at process intensification of membrane-based systems for water, energy, and environment applications; the design of internally heat-integrated distillation column (HIDiC); and graphical analysis and integration of heat exchanger networks with heat pumps. Decomposition and implementation of large-scale interplant heat integration is covered, as is the synthesis of combined heat and mass exchange networks (CHAMENs) with renewables. The book also covers optimization strategies for integrating and intensifying housing complexes; a sustainable biomass conversion process assessment; and more. Covers the many advances and changes in process intensification and integration Provides side-by-side discussions of fundamental techniques and recent industrial experiences to guide practitioners in their own processes Presents comprehensive coverage of topics relevant, among others, to the process industry, biorefineries, and plant energy management Offers insightful analysis and integration of reactor and heat exchanger network Looks at optimization of integrated water and multi-regenerator membrane systems involving multi-contaminants Process Intensification and Integration for Sustainable Design is an ideal book for process engineers, chemical engineers, engineering scientists, engineering consultants, and chemists. |
| petroleum economic analysis: Winning the Oil Lottery Mr.Tiago Cavalcanti, Daniel Da Mata, Mr.Frederik G Toscani, 2016-03-14 This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was discovered constitute the treatment group, while municipalities with drilling but no discovery are the control group. The results show that oil discoveries significantly increase per capita GDP and urbanization. We find positive spillovers to non-oil sectors, specifically, an increase in services GDP which stems from higher output per worker. The results are consistent with greater local demand for non-tradable services driven by highly paid oil workers. |
| petroleum economic analysis: International Energy Outlook , 1986 |
| petroleum economic analysis: Petroleum Economics and Engineering, Second Edition M.A. Al-Sahlawi, 1992-01-22 Revised and updated to reflect major changes in the field, this second edition presents an integrated and balanced view of current attitudes and practices used in sound economic decision-making for engineering problems encountered in the oil industry. The volume contains many problem-solving examples demonstrating how economic analyses are applied to different facets of the oil industry.;Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods to the oil industry. It provides information on the types of crude oils, their finished products and resources of natural gas, and also summarizes worldwide oil production and consumption data. |
| petroleum economic analysis: Petroleum Economics and Risk Analysis Mark Cook, 2021-01-29 Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation. - Includes case studies and full color illustrations for practical application - Arranged to reflect lifecycle structure, from exploration through to decommissioning - Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry |
| petroleum economic analysis: Orientalism Edward W. Said, 1995 Now reissued with a substantial new afterword, this highly acclaimed overview of Western attitudes towards the East has become one of the canonical texts of cultural studies. Very excitingâ¦his case is not merely persuasive, but conclusive. John Leonard in The New York Times His most important book, Orientalism established a new benchmark for discussion of the West's skewed view of the Arab and Islamic world.Simon Louvish in the New Statesman & Society âEdward Said speaks for interdisciplinarity as well as for monumental erudition¦The breadth of reading [is] astonishing. Fred Inglis in The Times Higher Education Supplement A stimulating, elegant yet pugnacious essay.Observer Exciting¦for anyone interested in the history and power of ideas.J.H. Plumb in The New York Times Book Review Beautifully patterned and passionately argued. Nicholas Richardson in the New Statesman & Society |
| petroleum economic analysis: The Changing World of Oil Jerome D. Davis, 2006 In a unique analysis of the issues, leading commentators and international specialists present a ground-breaking view of the future of the oil industry. This approach, where by corporations are considered to be the dependent variables focusing particularly on 'mega-mergers' goes far beyond more conventional studies in this area. |
| petroleum economic analysis: Oil Markets in Turmoil Philip K. Verleger, 1982 |
| petroleum economic analysis: Energy Trading & Hedging Tom Seng, 2019 This book focuses primarily on the energy products that are financially traded on the New York Mercantile Exchange: crude oil, natural gas, unleaded gasoline, and heating oil. These commodities are the most common ones used for hedging energy commodity risk. Each of these products has a profound effect on the United States and international economies. It discusses several of the factors that influence energy price direction, the financial instruments used in the market, and how commercial entities utilize these instruments to hedge the risks inherent in energy production and consumption, such as price and physical risk. It also addresses the use of energy financial derivatives strictly for profit (speculative trading) and the exchanges that make efficient and competitive trading possible. The physical cash market is addressed along with the major industry publications that produce market prices, known as postings or indexes. Additionally, the book briefly discusses technical analysis, using charts to identify price trends and predict directional changes. Finally, the book discusses the need for stringent controls on the trading of financial energy derivatives to avoid some of the more notorious pitfalls that have led to the collapse of major global companies and institutions. Features and Benefits Supply / Demand Fundamentals Market overviews (financial and physical) Contracts Derivatives Technical Analysis Risk Controls Audience Field level personnel Management Energy lending and finance professionals Anyone who seeks to understand how, or relies upon, energy markets Students |
10 Best Masters in Petroleum Engineering Online Program
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Oct 31, 2022 · A petroleum engineer must be creative because each new drill site is unique and therefore presents new challenges petroleum engineers must have a creative design to extract …
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Sep 26, 2024 · About Kabete National Polytechnic. Under the TVET Act, Kabete National Polytechnic (Kabete NP) is a public TVET institution founded by legal notice No. 92 of 2016.
Types of Engineering Courses in South Africa | Requirements …
Dec 9, 2024 · South Africa’s energy sector relies on petroleum engineers for sustainable energy solutions. Apply Here. 14. Marine Engineering. This engineering course is also part of the …
List of UNIBEN Cutoff Mark for all Courses | 2024
Aug 6, 2024 · Thus, the general cutoff mark for Engineering courses in UNIBEN for the 2024 academic session will be around 220+. This entails different fields of engineering, such as Civil …
10+ Best Geology Courses in Nigeria | Schools, Fees and …
Aug 29, 2024 · What is Geology? According to the Geological Society of the UK, geology is the study of the Earth’s structure, evolution, and dynamics and its natural mineral and energy …
