EFFECTS OF OIL PRICE SHOCKS ON THE ECONOMIC SECTORS IN MALAYSIA

Directory of Open Access Journals (Sweden)

Mohd Shahidan Shaari

2013-10-01

Full Text Available This paper aims to examine the effects of oil price shocks on economic sectors in Malaysia. A unit root test was conducted, in which data were shown to be non-stationary in all levels, and stationary in the first difference for all variables. The co-integration model was applied, and the results indicated that one co-integrating equation exists, suggesting the long-term effects of oil prices on the agriculture, construction, manufacturing, and transportation sectors. Finally, Grange causality test was performed, and the results implied that in Malaysia, oil price shocks can affect agriculture, similar to Hanson et al. (2010. Oil price instability also influences the performance of the agriculture sector, contrary to the results of Alper and Torul (2009. In addition, the construction sector was found to be dependent on oil prices. Therefore, the current study has an important implication for the Malaysian government in formulating policies on oil prices. The Malaysian government needs to control the price to ensure that unstable price will not harm the agriculture, manufacturing, and construction sectors.

Technical skill acquisition in the Tanzanian oil sector

International Nuclear Information System (INIS)

Mwandosya, M.J.

1990-01-01

The oil sector is strategic in any nation's endeavor for development. Disruption of oil supplies leads to a disruption in all sectors of the economy. In addition, by holding a prerogative over technical knowledge, the multinational oil companies have strengthened their influence. They have over time invested in research and development in exploration and refining, and have established a world-wide network of marketing systems. This paper provides a discussion of skill acquisition by indigenous people which is a discussion of the interface between the affiliates of these multinational companies, their corporate desires, and the efforts of emerging nations to control or at least monitor and regulate these affiliates

Comparative Study and Critical Analysis of Sustainability Reporting in the Oil and Gas Sector

OpenAIRE

Thomas, Prakash M.

2006-01-01

Oil and Gas sector is one of the largest and major economic sectors globally. It is also one of the most critical in terms of being a basic driver for all other economic activities worldwide. In the recent times we have seen large scale volatility in Oil and Gas prices and a surge in huge profits for Oil and Gas sector companies. Oil and Gas sector is also one of the major sectors with tremendous impact on not just environmental factors but also on Social and Economic factors. All major Oil a...

Development trends in the Azerbaijan oil and gas sector: Achievements and challenges

International Nuclear Information System (INIS)

Ciarreta, Aitor; Nasirov, Shahriyar

2012-01-01

This article is study of Azerbaijan oil and gas industry. It illustrates the business climate, the impact of this sector on Azerbaijan's economy including role of SOFAZ and highlights recent developments in the energy production and the main concepts of . Meanwhile, the article establishes the government policy by indentifying several factors that influenced to attract foreign investment to oil and gas sector and examines significant challenges that still remain for further development of the country's oil industry. - Highlights: ► In this study, we review the oil and gas sector in Azerbaijan and describe the main government policies for attracting foreign investment to the sector. ► We showed that providing a predictable legislative and regulatory framework and attractive conditions for oil contracting encourages foreign investment inflows to the country. ► Issues such as the lack of independent regulatory institutions, rehabilitation of oil refineries and resolution of the legal status of the Caspian Sea remain major challenges for further development of the oil and gas industries.

Oil price shocks: Sectoral and dynamic adjustments in a small-open developed and oil-exporting economy

International Nuclear Information System (INIS)

Dissou, Yazid

2010-01-01

The recent uptrend in oil prices represents both an opportunity and a challenge for small-open developed and oil-exporting countries. Using Canada as a study case and in contrast to most studies that use aggregate models, this paper employs a multi-sector, intertemporal general equilibrium model to provide perspectives on the sectoral, aggregate and dynamic adjustments of a sustained increase in oil prices. It highlights the transmission channels through which the rise in oil prices affects the domestic economy. The simulation results suggest that the shock would have positive aggregate impacts, but would also spur the reallocation of resources and would therefore induce disparities in sectoral adjustments. The suggested contraction in some industries could not however be attributed to a pure Dutch disease phenomenon because of, among other factors, the cost-push effect induced by the increase in oil prices.

Developments in the strategic planning of the major oil companies

International Nuclear Information System (INIS)

Jenkins, Gilbert

2000-01-01

This paper focuses on the changes in strategic planning of the major oil companies since the 1970s, and considers the reorganisations of the companies, and upstream and downstream planning. New directions for the major companies downstream operation in the retail and aviation sectors, and the influence of the BP/AMOCO/ARCO/BURMAH, EXXON/MOBIL and TOTAL/FINA/ELF mergers on the international oil industry are explored. Tables illustrating the earnings of the major oil companies for upstream and downstream operations, and chemicals in 1999, and for BP UK exploration and production, and refining and marketing profits (quarterly) for 1983-2000 are presented

Women in Canada's oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Sherk, S. [AGRA Earth and Environmental Ltd., St. John' s, NF (Canada)

2005-01-01

This text presents a summary of the report: Women in Canada's Oil and Gas Sector, gathered for the Oil and Gas Sector Programme Pakistan (OGSP). The OGSP aims to strengthen Pakistan's capacity to manage its oil and gas resources more sustainably through policy advice, privatization assistance, appropriate regulatory mechanisms, technology transfer and specialized petroleum training. The OGSP promotes gender equity and women's participation in its project activities and within the petroleum industry in Pakistan and Canada. The purpose of this report was to identify current levels of female labour force participation in the Canadian petroleum sector, examine barriers to women's entry and promotion within the petroleum sector, and present strategies used by petroleum companies to promote the complete participation of their female employees. The report concluded that although women are not yet equally represented in Canada's petroleum industry, the industry is moving in the right direction. For example, there are more women in petroleum-related university programs, more associations dedicated to promoting women in science and engineering, organizational change within companies in support of the principles of diversity. While monitoring and overcoming barriers to women's participation should continue, these positive steps should be supported, in order to ensure that Canada's oil and gas sector benefits fully from the new approaches, ideas and alternative working styles that women bring to their work. 4 tabs.

Estimation of the Impacts of Non-Oil Traditional and NonTraditional Export Sectors on Non-Oil Export of Azerbaijan

Directory of Open Access Journals (Sweden)

Nicat Hagverdiyev

2016-12-01

Full Text Available The significant share of oil sector of the Azerbaijan export portfolio necessitates promotion of non-oil exports. This study analyzes weather the commodities which contain the main share (more than 70% in non-oil export are traditional or non-traditional areas, using the so-called Commodity-specific cumulative export experience function, for the 1995-2015 time frame. Then, the impact of traditional and non-traditional exports on non-oil GDP investigated employing econometric model. The results of the study based on 16 non-oil commodities show that cotton, tobacco, and production of mechanic devices are traditional sectors in non-oil export. The estimation results of the model indicate that both, traditional and non-traditional non-oil export sectors have economically and statistically significant impact on non-oil GDP.

Marketing strategy for the BC oil and gas service sector

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-10-29

The British Columbia (BC) oil and gas service sector is collaborating with the BC Ministry of Energy and Mines (MEM) to enhance the competitiveness of oil and gas service providers in Northeast BC. The MEM agreed to provide one-time funding to develop this marketing strategy for the oil and gas sector, particularly for small to medium-sized companies with limited resources. This document is also a resource tool for suppliers in the sector that have developed and are implementing their own marketing plans and wish to enhance elements of their own plans. The strategy also outlines the potential role of associations in Northeast BC that represent the service sector. It links their marketing activities with the activities of individual service providers. Local service providers (LSP) include companies in a wide range of businesses such as drilling support, transportation, health and safety services, and construction. Six issues that directly impact the competitiveness of LSPs were also presented along with recommendations for participants in the service sector, associations and individual companies. tabs., figs., 11 appendices.

Marketing strategy for the BC oil and gas service sector

International Nuclear Information System (INIS)

2004-01-01

The British Columbia (BC) oil and gas service sector is collaborating with the BC Ministry of Energy and Mines (MEM) to enhance the competitiveness of oil and gas service providers in Northeast BC. The MEM agreed to provide one-time funding to develop this marketing strategy for the oil and gas sector, particularly for small to medium-sized companies with limited resources. This document is also a resource tool for suppliers in the sector that have developed and are implementing their own marketing plans and wish to enhance elements of their own plans. The strategy also outlines the potential role of associations in Northeast BC that represent the service sector. It links their marketing activities with the activities of individual service providers. Local service providers (LSP) include companies in a wide range of businesses such as drilling support, transportation, health and safety services, and construction. Six issues that directly impact the competitiveness of LSPs were also presented along with recommendations for participants in the service sector, associations and individual companies. tabs., figs., 11 appendices

The New Oil Sector and the Dutch Disease: the Case of Ghana

Directory of Open Access Journals (Sweden)

Dennis Nchor

2015-01-01

Full Text Available This paper investigates the impact of the new oil sector on the economic performance of major traditional sectors of the Ghanaian economy. The discovery of resource booming sectors in most countries often comes with several opportunities as well as challenges. Ghana discovered oil in 2007 and started subsequent commercial production and export in 2010. The results from the study show that, there is no clear case of declining performance of sectors in terms of output, growth and export earnings as a result of the oil production. The study could also not establish a sustained appreciation in the real effective exchange rate since commercial oil production commenced which is an indicator of the presence of the Dutch Disease phenomenon. The real effective exchange rate was also found to be highly influenced by oil production, oil prices, total exports and remittances. The study applied an autoregressive distributed lag model due to differences in the level of integration of variables. The data was obtained from the Bank of Ghana, the Ministry of Finance in Ghana and the Energy Information Administration.

Overturning to the oil sector

International Nuclear Information System (INIS)

Valenzuela, Luis Carlos

1999-01-01

In only 11 months, the Mines and Energy Sector, especially with concerning to oil politics and to Ecopetrol it has given a total overturn, not only new economic conditions settled down to attract investment in the sector, the politics advanced in the activation of the environmental licenses and the consultations with the community. As for Ecopetrol bottom changes were made that guarantee their passive of pensions, disabling this way a fiscal bomb and the countable system was changed that will make that Ecopetrol counts the raw as a capitalization on the part of the Colombians guaranteeing an appropriate return to the petroleum that is given in administration

Economic Multipliers and Sectoral Linkages: Ghana and the New Oil Sector

Directory of Open Access Journals (Sweden)

Dennis Nchor

2016-01-01

Full Text Available The study seeks to assess the structure of the economy of Ghana in terms of changes in the economic structure before and after the production of oil in commercial quantities. This is viewed with regards to economic multipliers, sectoral interdependence and trade concentration. The results show that changes occurred with regards to multipliers and sectoral interdependence. The output multipliers of most sectors have declined. The results also show that the agricultural sector experienced an initial decline in its growth while industry experienced an increase. The performance of the services sector was relatively stable for the period covered by the study. There is a decline in the level of trade concentration though on a whole the concentration index is still high. The study employed input-output modeling techniques and the data was obtained from the Ghana statistical service and the World Development Indicators.

Sector report: Malaysia. Upstream oil and gas industry

International Nuclear Information System (INIS)

1997-01-01

This report is one of a series designed to introduce British exporters to the opportunities offered by the Malaysian market in oil and natural gas. The report includes Malaysia's oil and gas reserves, production, exploration, major profits upstream, production sharing contracts, pipeline construction, operators in production, service sector, and Petronas. (UK)

Price implications for Russia's oil refining

International Nuclear Information System (INIS)

Khartukov, Eugene M.

1998-01-01

Over the past several years, Russia's oil industry has undergone its radical transformation from a wholly state-run and generously subsidized oil distribution system toward a substantially privatized, cash-strapped, and quasi-market ''petropreneurship''. This fully applies to the industry's downstream sector. Still unlike more dynamic E and C operations, the country's refining has turned out better fenced off competitive market forces and is less capable to respond to market imperatives. Consequently, jammed between depressed product prices and persistent feedstock costs, Russian refiners were badly hit by the world oil glut - which has made a radical modernization of the obsolete refining sector clearly a must. (author)

Peru steps up push to attract oil investment

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that Peru's government is stepping up efforts to attract more foreign investment in its oil and gas sector. Since taking over in July 1990, the government of President Alberto Fujimori has taken a number of steps to privatize the oil sector, improve the fiscal regime for oil investment, and streamline regulations on oil and gas investment. In the most dramatic step, the Fujimori administration ended state oil company Petroleos del Peru's monopoly on downstream operations as well as imports and exports of oil and gas as part of sweeping new oil and gas legislation. In addition, officials of the Fujimori administration have been traveling to key oil centers around the world with a presentation on Peru's hydrocarbon potential, trying to spark interest in E and D investment there

Sector Modeling for the Prediction and Evaluation of Cretan olive oil

NARCIS (Netherlands)

Migdalas, A.; Baourakis, G.; Kalogeras, N.; Meriem, H.B.

2004-01-01

Greece is a major international olive oil producer. Olive oil varieties constitute the major crops for Greek farmers growing certain oriental olive oil varieties. Currently, the olive oil sector in Greece is undergoing substantial changes and the response of farmers and consumers to this will be a

Multifractal detrended cross-correlations between crude oil market and Chinese ten sector stock markets

Science.gov (United States)

Yang, Liansheng; Zhu, Yingming; Wang, Yudong; Wang, Yiqi

2016-11-01

Based on the daily price data of spot prices of West Texas Intermediate (WTI) crude oil and ten CSI300 sector indices in China, we apply multifractal detrended cross-correlation analysis (MF-DCCA) method to investigate the cross-correlations between crude oil and Chinese sector stock markets. We find that the strength of multifractality between WTI crude oil and energy sector stock market is the highest, followed by the strength of multifractality between WTI crude oil and financial sector market, which reflects a close connection between energy and financial market. Then we do vector autoregression (VAR) analysis to capture the interdependencies among the multiple time series. By comparing the strength of multifractality for original data and residual errors of VAR model, we get a conclusion that vector auto-regression (VAR) model could not be used to describe the dynamics of the cross-correlations between WTI crude oil and the ten sector stock markets.

The efficiency improvement potential for coal, oil and electricity in China's manufacturing sectors

International Nuclear Information System (INIS)

Li, Ke; Lin, Boqiang

2015-01-01

This paper introduces an improved total-factor ESTR (energy-saving target ratio) index, which combines the sequence technique and the “energy direction” to a DEA (data envelopment analysis) model, in order to measure the possible energy saving potential of a manufacturing sector. Afterward, the energy saving potentials of four different energy carriers, namely coal, gasoline, diesel oil and electricity, for 27 manufacturing sectors during the period of 1998–2011 in China are calculated. The results and its policy implications are as follows: (1) the average ESTRs of coal, gasoline, diesel oil and electricity are 1.714%, 49.939%, 24.465% and 3.487% respectively. Hence, energy saving of manufacturing sectors should put more emphasis on gasoline and diesel oil. (2) The key sectors for gasoline saving is the energy-intensive sectors, while the key sectors for diesel oil saving is the equipment manufacturing sectors. (3) The manufacture of raw chemical materials and chemical products sector not only consumes a large amount of oil, but also has a low efficiency of oil usage. Therefore, it is the key sector for oil saving. (4) Manufacture of tobacco and manufacture of communication equipment, computers and other electronic equipment are the benchmark for the four major energy carriers of energy-saving ratios. - Highlights: • An improved total-factor energy-saving target ratio is proposed. • Energy saving potentials of energy carriers for sectors in 1998–2011 are calculated. • Policy implications for energy savings in sectors and energy carriers are discussed. • Some suggestions for the energy policies of China's economy are discussed

The Tributary Regime in the oil sector

International Nuclear Information System (INIS)

Carta Petrolera

1998-01-01

The tributary regime of the oil sector, is framed by the fiscal crisis that the country, maxim if one keeps in mind the importance of the fiscal revenues originated in the exploitation of these resources in Colombia, so much for the tribute coming from the foreign investment of the sector, like for the utilities generated by ECOPETROL and its impact in the public finances. However in front of this focus, the strategic importance of maintaining the investment in hydrocarbons and the paper that the fiscal politics and the tributary politics for the sector should play in the future and they constitute the government's key pieces

Sensitivity of stock market indices to oil prices: Evidence from manufacturing sub-sectors in Turkey

Directory of Open Access Journals (Sweden)

Eksi Halil Ibrahim

2012-01-01

Full Text Available Crude oil price is a critical cost factor for manufacturing industries that are of vital importance for economic growth. This study examines the relationship between crude oil prices and the indices of seven Turkish manufacturing sub-sectors over the period 1997:01-2009:12. The error correction model results reveal the long term causality from crude oil prices to chemical petroleum-plastic and basic metal sub-sectors indicating that these sub-sectors are highly sensitive to crude oil prices. We find no causal relationship for other sector indices for short or long time periods.

fifty years of oil exploration in nigeria: the paradox of plenty

African Journals Online (AJOL)

Admin

against corruption. KEYWORDS: Resource curse, Nigeria, Oil and Gas, GDP, Infrastructure, Corruption. INTRODUCTION. The history of oil exploration in Nigeria ..... as the country failed to invest in the downstream sector of the petroleum industry. Table 4: Economic Indicators as at 2003. Parameters. Brazil. Mexico. Ghana.

Sectoral effects of a world oil-price shock: economy-wide linkages to the agricultural sector. Staff report

International Nuclear Information System (INIS)

Hanson, K.; Robinson, S.; Schluter, G.

1991-10-01

The effects of a world oil price shock on U.S. agriculture are analyzed in an economywide environment. The authors use an input-output model to analyze the direct and indirect cost linkages between energy and other sectors of the economy. Then, to allow sectoral output adjustment and the effects on the U.S. current account, they use the U.S. Department of Agriculture/Economic Research Service Computable General Equilibrium (CGE) model to analyze the sectoral effects under three different macro adjustment scenarios. The effects on agriculture are not limited to the direct and indirect energy costs. Exchange rate or foreign borrowing adjustments to higher oil import costs and government support programs for agriculture also matter

Oil Prices and the Renewable Energy Sector

OpenAIRE

Kyritsis, Evangelos; Serletis, Apostolos

2017-01-01

Energy security, climate change, and growing energy demand issues are moving up on the global political agenda, and contribute to the rapid growth of the renewable energy sector. In this paper we investigate the effects of oil price shocks, and also of uncertainty about oil prices, on the stock returns of clean energy and technology companies. In doing so, we use monthly data that span the period from May 1983 to December 2016, and a bivariate structural VAR model that is modified to accommod...

The deregulation of the Italian natural gas industry and diversification processes in the down-stream sector; I riflessi dell'apertura del mercato italiano del gas naturale sul riposizionamento strategico degli operatori nel settore down-stream

Energy Technology Data Exchange (ETDEWEB)

Fazioli, R. [Ferrara Univ., Ferrara (Italy); Quaglino, S. [Cap Gemini Ernst and Young, Energy Division, Milan (Italy); Di Domenico, M. [Milan Bocconi Univ., Milan (Italy). Istituto di Economia delle Fonti di Energia

2000-07-01

The opening of the italian gas market , due to the privatisation and liberalisation process, has been implemented by the important normative evolution of this sector both at european and national level. The debate following this process in the gas market has focussed, basically, on the up-stream sector leaving aside the important down-stream sector also concerning gas local distribution and sales. In this article it is paid more attention to the down-stream sector considering the firms' evolution from a basic mono utility to multi utility and multi services organisational structure. This potential firms' evolution in the italian gas market will be considered also referring to specific international experience in this market. [Italian] L'apertura del mercato italiano del gas naturale e' la conseguenza, principalmente, dei processi di privatizzazione e liberalizzazione che sono seguiti alla normativa europea e nazionale che disciplinano tale mercato. Il dibattito seguito a questo processo si e' essenzialmente focalizzato sul settore up-stream e poca attenzione e' stata invece rivolta all'importante settore down-stream, ossia la distribuzione locale e la vendita. Su tale settore si focalizza l'attenzione di questo articolo nell'intento di delineare i possibili scenari di sviluppo delle imprese operanti che, da una semplice strutura mono-utility, si evolvano verso una struttura multi-utility e multi-service.

A review of the oil and gas sector in Kazakhstan

International Nuclear Information System (INIS)

Kaiser, Mark J.; Pulsipher, Allan G.

2007-01-01

Kazakhstan is endowed with significant oil and gas resources and is expected to become one of the world's top 10 oil producers within the next decade. The high cost of doing business in the country, however, means that Kazakhstan will need to improve its institutional framework to successfully compete for Western investment. A large degree of risk and uncertainty continues to plague the oil and gas sector as the government makes significant changes to the petroleum tax legislation and takes an aggressive approach in 'rebalancing' contractual arrangements with industry. High levels of bureaucracy, regulatory burden, and corruption persist, and economic factors appear to be subordinated increasingly to geopolitical objectives aimed to strengthen relationships with China and Russia. The rapid pace of change and the high degree of uncertainty present significant challenges and risk to foreign investment. The purpose of this paper is to review the oil and gas sector in Kazakhstan and highlight recent developments in the petroleum legislation, business climate and government policy

Canadian heavy oil supply and demand

International Nuclear Information System (INIS)

Eynon, G.

1997-01-01

The wealth of business opportunities presented by Canada's vast heavy oil and bitumen resources in the face of declining reserves of light and medium crude were discussed. It was argued that Western Canadian producers, as a group, appear to lack the appreciation of the impacts of midstream and downstream sectors of the heavy oil business. The vertical integration of the heavy oil industry in Venezuela was cited as an example of the direction that Canadian producers should travel to achieve the control over their own destiny through ownership of the means of transportation, refining and marketing that is commensurate with their growing importance in the energy sector. The opportunities are great, but long-term success will require a sophisticated and integrated business approach. 4 figs

Economic implications of oil crisis and transport sector in India

Energy Technology Data Exchange (ETDEWEB)

Pathak, M G

1980-01-01

Efforts towards fuel economy in the transport sector have heavily stressed engineering aspects of the automobile. Better roads and better traffic planning too, go a long way in conserving energy. The paper outlines the economic implementations of the hike in oil prices with reference to the transportation sector.

A system dynamic model for production and consumption policy in Iran oil and gas sector

International Nuclear Information System (INIS)

Kiani, Behdad; Ali Pourfakhraei, Mohammad

2010-01-01

A system dynamic model is presented, which considers the feedback between supply and demand and oil revenue of the existing system in Iran considering different sectors of the economy. Also the export of the oil surplus and the injection of the gas surplus into the oil reservoirs are seen in the model by establishing a balance between supply and demand. In this model the counter-effects and existing system feedbacks between supply and demand and oil revenue can be seen considering different sectors of the economy. As a result, the effects of oil and gas policies in different scenarios for different sectors of Iran's economy together with the counter-effects of energy consumption and oil revenue are examined. Three scenarios, which show the worst, base and ideal cases, are considered to find future trends of major variables such as seasonal gas consumption in power plants, seasonal injected gas in oil reservoirs, economic growth in the industrial sector, oil consumption in the transportation sector, industrial gas consumption and exported gas. For example, it is shown that the exported gas will reach between 500 and 620 million cubic-meter per day in different scenarios and export revenues can reach up to $500 billion by 2025. - Research Highlights: →A system dynamic model analyzing the feedback between supply, demand and oil revenue is built. →The export of the oil surplus and the injection of the gas surplus into oil reservoirs are modeled. →Effects of oil and gas policies in different scenarios are examined for Iran's economy. →Counter-effects of energy consumption and oil revenue are examined. →Exported gas will reach between 500 and 620 million cubic-meter per day in different scenarios. →Export revenues can reach up to $500 billion by 2025.

Panorama 2016 - The revival of mergers and acquisitions in the oil and gas sector

International Nuclear Information System (INIS)

Fosse, Florian; Hache, Emmanuel; Portenart, Philomene

2015-12-01

The oil and gas sector remains fertile ground for mergers and acquisitions (M and A). This sector represented between 5% and 15% of total transactions from 2008 to 2014. Since 2008, M and A transactions in the sector have been dominated by a triad made up of a region (North America), a business segment (upstream oil and gas) and a type of key player (independent operators). (authors)

Modeling the Construction Sector and Oil Prices toward the Growth of the Nigerian Economy: An Econometric Approach

Directory of Open Access Journals (Sweden)

Peter Uchenna Okoye

2018-03-01

Full Text Available This study empirically examined the interrelationship between the construction sector, oil prices, and the actual gross domestic product (GDP in Nigeria. Using annual economic data from the National Bureau of Statistics (NBS, the OPEC Annual Statistical Bulletin, and econometric statistics, we found that although very strong positive and significant correlations exist between the construction sector output and total GDP output (0.934, the construction sector output and oil prices (0.856, and the total GDP output and oil prices (0.822, these linear relationships only exist for a short time. However, these relationships do not result in any direct causal influence on each other, except for the uni-directional Granger causal relationship that flows from the total GDP output to the construction sector output, which implies that economic activities of other major non-oil sectors stimulate the construction activities in Nigeria. Thus, we argue that neither the construction sector nor the oil prices directly influence the aggregate economy; rather, the other sectors’ activities stimulate the construction sector in Nigeria. Two policy recommendations for achieving the Federal Government’s medium term Economic Recovery and Growth Plan (ERGP are suggested: (1 the Nigerian government should de-emphasize overreliance on the oil sector through policy readjustment and (2 an urgent need for economic diversification in Nigeria exists, since we revealed that an increase in the aggregate GDP output is due to the activities of other non-oil sectors.

Serbian oil sector: A new energy policy regulatory framework and development strategies

International Nuclear Information System (INIS)

Karovic Maricic, Vesna; Danilovic, Dusan; Lekovic, Branko

2012-01-01

Serbia has established a great part of new legislative and institutional framework as a basis for all energy sub-sectors' development in compliance with EU energy acquis. Main objectives of Serbian energy policy outlined in the new Energy Law are focused to increasing the energy supply security, energy efficiency, competitiveness of the energy market, use of renewable energy sources and environmental protection. Further steps of Serbia toward full EU membership concerning the new energy policy regulatory framework involve implementing and enforcing legislation. Besides considering the issue of Serbian energy policy and degree of its framework's alignment with the EU acquis, this paper provides an overview of new development strategies in the oil sector. The aim of Gazprom neft, a majority owner of the Petroleum industry of Serbia, is to increase crude oil production to 3 million tonnes, refining and sales volume of petroleum products to 5 million tonnes by 2020. Strategic development projects in crude oil and petroleum products transportation are: petroleum product pipeline construction in Serbia and Pan-European oil pipeline. The basic prerequisites for oil supply security, regarding the future high dependency of Serbian economy on imported oil, are establishment of the emergency oil stocks and diversification of supply sources. - Highlight: ► New energy policy regulatory framework significantly complied with EU acquis. ► Full EU membership requires implementing and enforcing new energy legislation. ► NIS-Gazpromneft has defined ambitious oil sector's development programmes to 2020. ► Supply security requires mandatory oil stocks and supply source diversification.

European downstream oil industry safety performance. Statistical summary of reported incidents 2009

International Nuclear Information System (INIS)

Burton, A.; Den Haan, K.H.

2010-10-01

The sixteenth such report by CONCAWE, this issue includes statistics on workrelated personal injuries for the European downstream oil industry's own employees as well as contractors for the year 2009. Data were received from 33 companies representing more than 97% of the European refining capacity. Trends over the last sixteen years are highlighted and the data are also compared to similar statistics from related industries. In addition, this report presents the results of the first Process Safety Performance Indicator data gathering exercise amongst the CONCAWE membership.

E-government factors to reduce administrative and finance corruption in Arab countries: Case study Iraqi oil sector

Science.gov (United States)

Mohammed, M. A.; Eman, Y.; Hussein, A. H.; Hasson, A. R.

2015-12-01

Arab countries face the corruption issues in its several public organizations. The corruption in these countries is considered as the main challenge. The oil sector is one of the public sectors that have huge level of corruption. However, the Iraqi economy had become dependable on oil sector daring the last three decades, and on the contrary, of what other oil countries did. The capital is considered as one of the essential factor for economic development. The revenues of oil exports will stay the essential source for economic development in Iraq in the future in order to reduce being dependable on oil. Since the beginning of the 3rd thousands, the world witnessed great rise in the demand on oil, but the Iraqi exports of crude oil come to be less than its similarities in the seventeenths of last century. So our oil sector is still in need of deep study. This study focuses on technological technique that can make huge decrease for corruption in oil sector in Iraq. However, e-government is considered as the best techniques that can decrease the corruption. Thus, this study bases on challenges that effect on build successful e-government project in Iraqi oil industry.

Microalgae Oil Production: A Downstream Approach to Energy Requirements for the Minamisoma Pilot Plant

Directory of Open Access Journals (Sweden)

Dhani S. Wibawa

2018-02-01

Full Text Available This study investigates the potential of microalgae oil production as an alternative renewable energy source, in a pilot project located at Minamisoma City in the Fukushima Prefecture of Japan. The algal communities used in this research were the locally mixed species, which were mainly composed of Desmodesmus collected from the Minamisoma pilot project. The microalgae oil-production processes in Minamisoma consisted of three stages: cultivation, dewatering, and extraction. The estimated theoretical input-energy requirement for extracting oil was 137.25 MJ to process 50 m3 of microalgae, which was divided into cultivation 15.40 MJ, centrifuge 13.39 MJ, drum filter 14.17 MJ, and hydrothermal liquefaction (HTL 94.29 MJ. The energy profit ratio (EPR was 1.41. The total energy requirement was highest in the HTL process (68% followed by cultivation (11% and the drum filter (10%. The EPR value increased along with the yield in the cultivation process. Using HTL, the microalgae biomass could be converted to bio-crude oil to increase the oil yield in the extraction process. Therefore, in the long run, the HTL process could help lower production costs, due to the lack of chemical additions, for extracting oil in the downstream estimation of the energy requirements for microalgae oil production.

A review of the oil and gas sector in Kazakhstan

Energy Technology Data Exchange (ETDEWEB)

Kaiser, M.J.; Pulsipher, A.G. [Louisiana State University, Baton Rouge, LA (United States). Center for Energy Studies

2007-02-15

Kazakhstan is endowed with significant oil and gas resources and is expected to become one of the world's top 10 oil producers within the next decade. The high cost of doing business in the country, however, means that Kazakhstan will need to improve its institutional framework to successfully compete for Western investment. A large degree of risk and uncertainty continues to plague the oil and gas sector as the government makes significant changes to the petroleum tax legislation and takes an aggressive approach in ''rebalancing'' contractual arrangements with industry. High levels of bureaucracy, regulatory burden, and corruption persist, and economic factors appear to be subordinated increasingly to geopolitical objectives aimed to strengthen relationships with China and Russia. The rapid pace of change and the high degree of uncertainty present significant challenges and risk to foreign investment. The purpose of this paper is to review the oil and gas sector in Kazakhstan and highlight recent developments in the petroleum legislation, business climate and government policy. (author)

Restructuring the arrangements between government and state enterprises in the oil and mining sectors

International Nuclear Information System (INIS)

Aharoni, Y.; Ascher, W.

1998-01-01

The article analyses the relationship between governments and state-owned enterprises (SOEs) in the oil and minerals sectors. The case is made that SOEs in these sectors have distinct peculiarities of behaviour, and are beset with specific difficulties in addition to typical problems common to SOEs in all sectors. The reasons for the uniqueness of SOEs in the oil and minerals sector stem mainly from their large size, their capacity to earn and borrow foreign currency, their strategic importance and other factors. The key to understanding and reforming state oil and mining enterprises lies in recognizing that their sub-optimal behaviour is often caused by conflicts within government regarding control of the SOE's financial flows, including the natural resource rent. These conflicts are frequently aggravated by the inappropriateness of fiscal arrangements between these SOEs and their governments. Guidelines for reforming these arrangements are offered, which, in some respects, differ considerably from those applicable to conventional state-owned enterprises outside the natural resources sector. (author)

Corporate Governance and Human Resource Management in Nigeria’s Downstream Petroleum Sector

Directory of Open Access Journals (Sweden)

Oyewunmi Olabode A.

2017-06-01

Full Text Available The emergence of a ‘new world economy’ makes it imperative for corporate entities to adjust their corporate values, practices and internal processes. This paper explored the interrelatedness of selected corporate governance practices and human resource management outcomes. The paper relied on established corporate management theories as a platform for empirical consideration of selected issues relative to four established players in Nigeria’s downstream petroleum sector. A descriptive method was adopted and data was collected via a survey of 112 respondents. Contextual arguments were captured to achieve a robust appreciation of issues affecting individual participation and operations of corporate entities. The study found that there is a significant relationship between corporate governance practices and human resource management outcomes. Requisite conclusions and recommendations were provided in the light of empirical and theoretical findings.

Exporting the 'Norwegian Model': The effect of administrative design on oil sector performance

International Nuclear Information System (INIS)

Thurber, Mark C.; Hults, David R.; Heller, Patrick R.P.

2011-01-01

Norway has administered its petroleum resources using three distinct government bodies: a national oil company engaged in commercial hydrocarbon operations; a government ministry to direct policy; and a regulatory body to provide oversight and technical expertise. Norway's relative success in managing its hydrocarbons has prompted development institutions to consider whether this 'Norwegian Model' of separated government functions should be recommended to other oil-producing countries. By studying ten countries that have used widely different approaches in administering their hydrocarbon sectors, we conclude that separation of functions is not a prerequisite to successful oil sector development. Countries where separation of functions has worked are characterized by the combination of high institutional capacity and robust political competition. Unchallenged leaders often appear able to adequately discharge commercial and policy/regulatory functions using the same entity, although this approach may not be robust against political changes. Where institutional capacity is lacking, better outcomes may result from consolidating commercial, policy, and regulatory functions until such capacity has further developed. Countries with vibrant political competition but limited institutional capacity pose the most significant challenge for oil sector reform: Unitary control over the sector is impossible but separation of functions is often difficult to implement. - Highlights: → The 'Norwegian Model' separates commercial, policy, and regulatory functions in oil. → We study ten oil-producing countries to assess the separation of functions model. → The model is useful where there is institutional capacity and political competition. → Consolidation of functions can work better when political power is concentrated. → Countries with low capacity may also be better off consolidating functions.

Dynamic international oil markets

International Nuclear Information System (INIS)

van der Linde, C.

1992-01-01

Dynamic International Oil Market Developments and Structure 1860-1990 discusses the logic of changing market structures of the international oil industry. The market structures have, in the course of time, oscillated between competition and oligopoly, as the oil market expanded, matured, stagnated, and expanded again. This book provides a dynamic interpretation of the intensifying struggle among producer, and consumer governments, and oil companies, over the distribution of economic rents and profits. In particular, it shows the shifting fortunes of the governments and companies as they try to control the recurring capacity constraints between the upstream and downstream sectors, generated by the instability of the oil market. The first part of the book examines market conditions and developments between 1860 and 1990; the second part analyzes market structures after 1945

Oil: Economics and politics

International Nuclear Information System (INIS)

Ayoub, A.

1994-01-01

A review is presented of the evolution of the international petroleum sector since 1973 with a special emphasis on the interdependence between the economic and political factors that influence it. Two issues are focused on: the effects of the nationalization of oil companies on the sharing of oil rents and on changes in the structure of the oil market; and the determination of oil prices. Definitions are presented of oil rents, and the reasons for OPEC nationalization of oil companies are explored. The effects of nationalization on market structures, expansion of free markets, and vertical integration are discussed. The existence of an oil price floor and the reasons for such a floor are examined. It is shown that nationalization induced an internalization of rents by the producing countries, leading to the emergence of a differential rent supported by the politics of the industrialized countries. Nationalization led to the breakup of systems of vertical and horizontal integration, with replacement by a new dual structure with OPEC controlling the upstream activities of the oil sector and oil companies controlling the downstream ones. Prices move between a floor price set by the costs of substitute deposits in the U.S., while the determination of ceiling levels by OPEC rests on successive fragile compromises. Overall oil is still a strategic product, despite the existence of spot markets, forward trading options, etc. 29 refs

Symmetric and asymmetric US sector return volatilities in presence of oil, financial and economic risks

International Nuclear Information System (INIS)

Hammoudeh, Shawkat; Yuan, Yuan; Chiang, Thomas; Nandha, Mohan

2010-01-01

This paper examines the impacts of world, country, and sector-specific variables on the stock return volatility of twenty-seven US sectors in the short- and long-run, accounting for the asymmetric shocks based on GARCH models. In the standard GARCH model the two world variables, oil and Morgan Stanley Capital Index (MSCI), have differing impacts on the US equity sector returns' volatility, with oil price dampening it while MSCI heightening it for most sectors. This result underlines the need for hedging more against world capital market risk relative to oil risk which is probably hedged by many sectors. The world and country factors' impacts are not as pervasive across the board, compared with the sector-specific impacts of the P/B ratio and trading volume which affect almost all sectors. Increases in the P/B ratio would reduce the aggregate volatility, while increases in the trading volume would heighten it for all sectors. Asymmetry of factor impacts on volatility is also found for most sectors. Most of the GARCH factor results are confirmed in the CGARCH model with the exception of the impact of interest rate on the short-lived transitory volatility. Finally, interesting econometric results on the inclusion or exclusion of trading volumes are discussed.

Budget deficit remedies and their impact on the non-oil sectors of an oil-exporting country: the case of Kuwait

International Nuclear Information System (INIS)

Eltony, M.N.

1998-01-01

A model for the non-oil production side of the Kuwaiti economy was developed and estimated. The model, then, was simulated according to various scenarios designed to eliminate the budget deficit by the year 2000, in order to examine the effect on the non-oil sector of the economy. The results indicate that, in terms of its impact on non-oil GDP, the extreme case scenario is harsh, bringing down the level of non-oil GDP by more than 20% by the year 2000 from its level in 1993. The impact on the budget deficit may be very positive, but non-oil production and consumption will decline very rapidly, creating widespread hardship across all economic sectors. The results suggest a better option lies in adopting either of two intermediate case scenarios. While each of these will also cause a decline in non-oil GDP, it will not be to the extent caused by the extreme case scenario

Pakistan stepping up expansion of refining, transportation sectors

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that Pakistan is taking steps to speed expansion of its refining and oil transportation infrastructure. While the country has made significant progress toward energy self-efficiency by boosting oil and gas production it still must modernize and expand an aging, inadequate refining sector to meet rapidly growing demand for refined products. Pakistan's government has disclosed plans to build two refineries in the country, one at Rawalpindi near a string of recent oil discoveries, the other somewhere in the southern part of the country, likely Karachi. At the same time, efforts are proceeding to upgrade Pakistan's refineries. In addition, Pakistani state companies continue to press joint ventures in refining and marketing with foreign companies and expand downstream ties with neighbors that are key oil and gas exporters

International participation in Russia's oil sector

International Nuclear Information System (INIS)

Vowinckel, G.

1997-01-01

The active role of the European Bank for Reconstruction and Development (EBRD) in the oil and gas sector of the former Soviet Union was discussed. The EBRD was formed in 1991 with a mandate to help Central and Eastern European countries, particularly countries of the former Soviet Union, to make a transition from the command economy to a market economy. To date, the EBRD has made 15 investments in oil and gas projects with total project costs of nearly $2 billion US. The first projects were joint venture projects with western oil companies. Some of these were the Chernogorskoye project in the Nizhnevortovsk oil region, the Polar Lights project in the Russian Timan-Pechora region, the KomiArctic Oil project in the Komi region of the Russian Federation, two Fracmaster projects and the Geoilbent project. The first years of the projects were difficult, due to the strains of trying to adapt to new challenges and changes. The fiscal regime has changed with time and new taxes have been added and others changed. Many of the legal issues with past projects have been solved. One area of concern with the joint ventures is the export of the produced oil to western markets to achieve international market prices. At present, the joint ventures export between 30 to 50 per cent of their production, but the the Russian Federation would like to increase its export capacity. Production Sharing Agreements (PSAs) have been found to be particularly suitable for the development of large oil fields such as the offshore Sakhalin Island project in the far east of the Russian Federation. Western companies such as Shell, Marathon, Mitsui and Mitsubishi are involved in the first of these developments. Azerbaijan and the Caspian Sea area are other regions outside the Russian Federation which have important potential for international participation in the development of oil fields. Efforts are being made to rehabilitate the fields and to partially rebuild existing pipelines and to construct new

Managing volatility in the oil industry

International Nuclear Information System (INIS)

Bookout, J.F.

1990-01-01

A concern often expressed nowadays is that the survivability of parts of the oil industry is threatened. Over the past 15 years the oil industry has experienced a succession of rapid and significant changes. The dimensions of change include oil price, of course, but also changes in activity levels, employment, supply and demand, and in economic and political conditions. In this chapter we will examine some of these changes. In this paper, the authors compare the volatility of oil prices with that of other commodities, to determine whether the oil industry environment is unique in any way. Also in this discussion the authors consider the impact of futures market trading. Second, the authors look at the performance of various parts of the industry-the upstream exploration and production sector, the refining and retailing parts of the downstream sector, as well as a brief look at consumers. last, the authors consider whether the industry has adapted to this change environment, and what we might expect in the 1990s

ERP System Implementation: An Oil and Gas Exploration Sector Perspective

Science.gov (United States)

Mishra, Alok; Mishra, Deepti

Enterprise Resource Planning (ERP) systems provide integration and optimization of various business processes which leads to improved planning and decision quality, smoother coordination between business units resulting in higher efficiency, and quicker response time to customer demands and inquiries. This paper reports challenges, opportunities and outcome of ERP implementation in Oil & Gas exploration sector. This study will facilitate in understanding transition, constraints and implementation of ERP in this sector and also provide guidelines from lessons learned in this regard.

Oil prices, stock markets and portfolio investment. Evidence from sector analysis in Europe over the last decade

International Nuclear Information System (INIS)

Hedi Arouri, Mohamed El; Khuong Nguyen, Duc

2010-01-01

This article extends the understanding of oil-stock market relationships over the last turbulent decade. Unlike previous empirical investigations, which have largely focused on broad-based market indices (national and/or regional indices), we examine short-term linkages in the aggregate as well as sector by sector levels in Europe using different econometric techniques. Our main findings suggest that the reactions of stock returns to oil price changes differ greatly depending on the activity sector. In the out-of-sample analysis we show that introducing oil asset into a diversified portfolio of stocks allows to significantly improve its risk-return characteristics. (author)

Oil sector developments: Russia, Azerbaijan and Central Asia

International Nuclear Information System (INIS)

Ebel, R.E.

1997-01-01

The level of resource development in Russia, Azerbaijan and in the countries of Central Asia was discussed. The resources of crude oil and natural gas in the area are considered more than sufficient to support any reasonable expansion for the foreseeable future and this should mean higher exportable surpluses. The collapse of the Soviet Union resulted in the emergence of 15 sovereign and independent nations, collectively known as the Commonwealth of Independent States (CIS). The end of the cold war opened the CIS's oil sector to foreign investors. However, access to these markets has been blocked by the physical isolation of Azerbaijan and Central Asia. According to forecasters, by the year 2005, the annual oil production of the CIS shall reach 7.9 million barrels per day, approximately 11.3 per cent higher than in 1996. Natural gas production is expected to increase by about 30 per cent to 900 billion cubic meters per year. Western capital will be key to the future of resource development in Azerbaijan, Kazakhstan, and Turkmenistan. It was suggested that by 2010, the exportable oil from the Caspian Sea and Central Asia will represent 3 to 4 per cent of world oil supply. This projection emphasizes the fact that this new oil would be in addition to, and not in place of oil from the Persian Gulf. Some of the economic and political problems that have had a delaying effect on the development of pipelines through these regions were also reviewed

Report on the oil and gas sector in Ecuador

International Nuclear Information System (INIS)

1990-01-01

After a brief introduction on the economic and political situation in Ecuador, the state of the country's oil and gas sector is reviewed. Before 1967, all oil came from wells along the Pacific coast, but with discoveries in the Amazon Basin, the opening of the trans-Ecuador pipeline, and creation of the state oil company CEPE (renamed Petroecuador in 1990) by the early 1970s, a boom in the industry occurred. Current proven reserves stand at 1.2-1.5 billion bbl of oil and 140 billion ft 3 of natural gas. Current production is generally around 300,000 bbl/d, mostly from the Petroecuador-Texaco consortium block in the Amazon Basin. Petroecuador now operates the main oil export pipeline and has subsidiaries responsible for exploration and production, refining, and the marketing of petroleum and its derivatives. In recent years Petroecuador has imported about $60 million worth of goods annually, offering a market opportunity for foreign companies supplying goods and services to the oil and gas industry. Market opportunities of interest to Canadian companies are outlined, local procedures for doing business are presented, and lists of Canadian and Ecuadorian contacts are provided. 3 figs., 5 tabs

Exporting the 'Norwegian Model': The effect of administrative design on oil sector performance

Energy Technology Data Exchange (ETDEWEB)

Thurber, Mark C., E-mail: mark.thurber@stanford.edu [Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305 (United States); Hults, David R. [Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305 (United States); Heller, Patrick R.P. [Revenue Watch Institute, New York, NY 10019 (United States)

2011-09-15

Norway has administered its petroleum resources using three distinct government bodies: a national oil company engaged in commercial hydrocarbon operations; a government ministry to direct policy; and a regulatory body to provide oversight and technical expertise. Norway's relative success in managing its hydrocarbons has prompted development institutions to consider whether this 'Norwegian Model' of separated government functions should be recommended to other oil-producing countries. By studying ten countries that have used widely different approaches in administering their hydrocarbon sectors, we conclude that separation of functions is not a prerequisite to successful oil sector development. Countries where separation of functions has worked are characterized by the combination of high institutional capacity and robust political competition. Unchallenged leaders often appear able to adequately discharge commercial and policy/regulatory functions using the same entity, although this approach may not be robust against political changes. Where institutional capacity is lacking, better outcomes may result from consolidating commercial, policy, and regulatory functions until such capacity has further developed. Countries with vibrant political competition but limited institutional capacity pose the most significant challenge for oil sector reform: Unitary control over the sector is impossible but separation of functions is often difficult to implement. - Highlights: > The 'Norwegian Model' separates commercial, policy, and regulatory functions in oil. > We study ten oil-producing countries to assess the separation of functions model. > The model is useful where there is institutional capacity and political competition. > Consolidation of functions can work better when political power is concentrated. > Countries with low capacity may also be better off consolidating functions.

The oil and gas equipment and services market in Nigeria

International Nuclear Information System (INIS)

2003-01-01

The oil and gas market in Nigeria is being expanded by the Nigerian government over the 2003-2010 period through increased exploration and production (E and P) in new areas. Other measures being implemented are the improvements of structural flaws that hamper industry growth, the modernization of the weak downstream sector, and attempts to attract foreign investment and technologies required for petroleum development. In 2001, it was estimated that the market for oil and gas equipment in Nigeria was approximately 1.03 billion dollars, and is expected to reach 1.15 billion dollars in 2002. In deep-sea areas, major offshore E and P projects are being planned by large oil multinationals. The implementation of several gas-related E and P operations and major liquefied natural gas (LNG) and gas-to-liquid (GTL) projects are being supported by the government of Nigeria to develop the natural gas sector. Onshore and offshore exploration, surveying and geophysical prospecting, drilling equipment, facilities maintenance, deepwater E and P, equipment for LNG/GTL facilities, enhanced recovery equipment and services, gas re-injection technology, pipelines, and the refinery sector are all areas where Canadian equipment and service suppliers could benefit from opportunities in Nigeria. One of the most prominent foreign player in the Nigerian market is Royal Dutch Shell. As far as the offshore deepwater E and P sub-sector, the three major players are Shell, ChevronTexaco, and ExxonMobil. The Nigerian government advocate in upstream and downstream oil industries in the country is Nigeria National Petroleum Corporation (NNPC). The primary domestic end-users of oil and gas equipment and services are member companies of the Nigerian Association of Indigenous Petroleum Exploration Companies (NAIPEC). Canadian companies are encouraged to form joint venture partnerships in oil and gas projects, as foreign majors operating in Nigeria tend to rely on the skills and expertise of foreign

Downstream natural gas in Europe - high hopes dashed for upstream oil and gas companies

International Nuclear Information System (INIS)

Eikeland, P.O.

2007-01-01

Access for independents to retail gas markets was a central concern in European policy reform efforts in the 1990s. Upstream oil and gas companies reacted with strategic intentions of forward integration. By late 2004, forward integration was still weak, however. An important explanation of the gap between announced strategic re-orientation and actual strategy implementation lies in the political failure of EU member states to dismantle market barriers to entry for independents. Variations between companies in downstream strategy implementation are explained by variations in business opportunities and internal company factors. [Author

Downstream natural gas in Europe-High hopes dashed for upstream oil and gas companies

International Nuclear Information System (INIS)

Eikeland, Per Ove

2007-01-01

Access for independents to retail gas markets was a central concern in European policy reform efforts in the 1990s. Upstream oil and gas companies reacted with strategic intentions of forward integration. By late 2004, forward integration was still weak, however. An important explanation of the gap between announced strategic re-orientation and actual strategy implementation lies in the political failure of EU member states to dismantle market barriers to entry for independents. Variations between companies in downstream strategy implementation are explained by variations in business opportunities and internal company factors

Oil's role in free trade agreement crux of Mexico's petroleum sector dilemma

International Nuclear Information System (INIS)

Anon.

1992-01-01

Mexico's president Salinas' efforts at privatization have not yet touched Mexico's most valuable industry, oil. That remains under control of state owned Petroleos Mexicanos. Pemex and Mexico's huge oil union have come under increasing criticism for alleged abuses of power. In addition, controversy rages as to the true extent of Mexican oil resources and whether Pemex has the wherewithal to meet domestic demand and sustain oil exports. Critics also contend opening Mexico's oil sector to foreign participation would introduce new efficiencies and cost cutting measures in the cash strapped state oil industry. This paper reports that at the center of the controversy is the proposed Free Trade Agreement among Mexico, the U.S., and Canada, pushed strongly by Salinas. Oil's role in the FTA may prove the pact's main sticking point

The importance of the oil sector in the national economy

International Nuclear Information System (INIS)

Montenegro Santiago

2001-01-01

The paper is about the oil sector in Colombia as for their growing importance in the economy of the country in the last years, leaving of the base that this strategic sector for the economy for its high participation in the gross internal product, generates a very high percentage of the total exports and because it is also a very important source of fiscal resources for the national government as for the sectional governments. This writing is centered fundamentally in the analysis related with the production and export of raw petroleum

Oil and gas business in changing times

Directory of Open Access Journals (Sweden)

Brasoveanu Sergiu

2017-07-01

Full Text Available The top 5 oil majors (British Petroleum, ExxonMobil, Total, Chevron and Royal Dutch Shell are analyzed in terms of investments, earnings and financial & operational performance along the entire business value chain, for a period of 5 years. One of the key objectives is to understand how the Upstream and Downstream segments may play different roles in the definition of a winning corporate strategy, considering how they may reveal very different strengths and weaknesses during crude oil price crises. When the crude oil price goes down, the upstream sector is running big cost cutting measures, in order to reduce expenditures and keep acceptable gross margins per barrel of oil equivalent. On the other hand, the downstream segment receives cheaper raw material without a significant decrease in the final price of the oil products. Thus, how can oil companies leverage this flexibility in order to pass successfully through periods of crude oil price slides, and even take advantage of those? The paper aims to analyze the correlation between oil price and oil volume produced on one hand, and investments and earnings, split by business segments, on the other hand. The variation of investment and earnings is hence compared to crude oil price fluctuations for a clearer picture of the business profitability per segment during the peak and bottom periods of the oil market. Upstream and Downstream segments are also benchmarked against each other to understand the role that each of them is playing in the industry. The results are expected to provide some trend lines to understand how much the cost cutting measures are impacting the overall business, as well as to appreciate whether the reduction in the oil production, which in theory should be followed by a rise in prices, is indeed in the best interest of the oil majors. Going further into analysis, the paper is trying to define an optimum production interval, that will maximize profits along the entire value

Planning Oil Prices In The World Market And Preventive Policies In Energy Sector Of Iran

International Nuclear Information System (INIS)

Raees Dana, Fariborz

1999-01-01

The planning of oil prices in the world can not be analyzed by means of the market-competition theory or the game theory. The current prices seem to be influenced greatly by large energy consuming industries of developed countries, oil producing corporations and cartels, and oil productions outside of OPEC. There is a lack of necessary long term policies and planning so that drastic changes in market prices can be avoided. The goal of this paper is to suggest new policies by means of discussing in following issues: 1.Initiating some form of a financial support for OPEC with the necessary follow up. 2. Utilization of oil income in sectors organized to have the least susceptibility against income loss and the lowest impact on other sectors. 3. Reducing of oil production level in the local and global framework and starting in industrialization process. 4. Replacement of oil with natural gas at a faster rate. 5. improving the oil industry infrastructure for lowering production costs and increasing variety in products in light of country economic policies and occupational strategies. 6. Imposing self-reliance on development of oil-production technology

Ghana and the Oil Sector: Beyond the Resource Curse?

International Nuclear Information System (INIS)

Pellerin, Mathieu

2015-09-01

Four years after the Jubilee block went into production, we can make an initial assessment of the governance of Ghana's oil resources. In terms of its institutional structure, Ghana is seen as a model for the entire continent. This structure is certainly not an empty shell and serves as an effective regulator for this strategic sector and, singularly, for the use of oil revenues. Although this framework clearly has its limitations, as highlighted in this paper, the balance sheet is a positive one and there have been notable improvements since 2011. The relative success of this governance is a direct consequence of Ghana's political maturity. This is evidenced by the preeminent role played by Parliament and civil society in formulating, implementing, monitoring and continuously improving this framework for governance. Conditions seem to be reunited for Ghana to transform its oil potential into opportunities for success. However, this is not the case, and this is due to economic obstacles as much as a Ghanaian sense of disillusion concerning oil exploitation and the benefits thereof. (author)

Privatization of Brazil's petroleum sector on track despite scandal

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that the push to privatize Brazil's petroleum sector remains on track despite the taint of scandal that hit state oil company Petroleos Brasileiro SA and the ensuing political crisis for the administration of President Fernando Collor de Mello. Collor's efforts to reform Brazil's beleaguered economy have focused heavily on privatizing state-owned companies by selling assets or ending monopolies. Nowhere is that task more daunting than with Petrobras, one of the world's biggest petroleum companies, which has an entrenched monopoly over most upstream and downstream operations in the country. Collor and the energy ministers and chiefs of Petrobras during his administration have pressed measured to inject free market principles in Brazil's petroleum sector. The Collor administration earlier this year sent a bill to Brazil's Congress calling for a constitutional amendment to end Petrobras monopoly over exploration, production, transportation, refining, and exports and imports of oil and gas. The amendment is expected to be voted upon in 1993

Strategy fortify the engineering activities in the downstream sector; Estrategia para o fortalecimento das atividades de engenharia no refino

Energy Technology Data Exchange (ETDEWEB)

Lafraia, Joao Ricardo Barusso; Meniconi, Vitor Marcio de Marco; Campos, Michel Fabianski [PETROBRAS, Rio de Janeiro, RJ (Brazil); Almeida, Antonio Humberto Pereira de [Federacao das Industria do Estado de Minas Gerais (FIEMG), Belo Horizonte, MG (Brazil); Burman, Michel Jaques; Freire, Luiz Gustavo de Melo [Accenture, Rio de Janeiro, RJ (Brazil)

2008-07-01

The strategy to fortify the engineering activities in the downstream sector consists in the creation of the Center of Excellence in Engineering. The main objectives of the Center are the following: promote the knowledge transfer between experienced and junior professionals and retain the knowledge generated in specific engineering project. Hence the union of all those factors above will result in a valuable asset which is the development of engineering capabilities among the project team ('learn by doing methodology'). (author)

Proceedings of the CERI 2001 World Oil Conference. CD ed.

International Nuclear Information System (INIS)

2001-01-01

The integration and expansion of world oil markets was the main topic of this conference which featured 23 presentations dealing with developments in the international energy sector. The conference was divided into 8 sessions entitled: (1) oil prices, (2) oil and politics, (3) global oil supply, (4) North American supply and markets, (5) global oil demand, (6) oil.com, (7) the business of the environment, and (8) oil and money. The outlook of world energy markets was reviewed with particular emphasis on prospects for oil supply and reserves. The current status of the petroleum industry in both OPEC and non-OPEC oil exporting countries was discussed with reference to exploration, production, reserves, and hydrocarbon potential. The environmental, and socio-economic challenges that both the upstream and downstream industry will face challenges in the next century were also described. refs., tabs., figs

Low cost energy in Canada: The view from downstream

International Nuclear Information System (INIS)

Irving, K.

1993-01-01

The key cost determinants of energy in Canada are analyzed and recommendations are made to ensure the competitiveness of Canadian energy costs and energy-consuming industries in the North American and world markets. Oil supplies 45% of world energy and has a key role in determining prices of all other energy forms since it serves as an incremental source of energy: its consumption changes according to economic growth, changes in weather patterns, and other factors. North America currently accounts for about a third of world oil consumption. North American oil demand is expected to remain flat over the next few decades. As Canada only produces ca 3% of world oil supply, it cannot determine oil prices. However, with an efficient downstream industry, Canada can influence the end-user price of energy. The cost structure of refined products in Canada is analyzed. The cost of raw materials is the single biggest determinant of the final product cost, followed by taxes, operating costs, and profit margin. For gasoline in Ontario, taxes account for half the retail cost, crude oil prices ca 30%, and refining costs ca 4%. Refining costs comprise about two thirds labor costs and one third energy costs. Refiner margins have not exceeded 2 cents/l since 1981, creating reluctance to invest in the refining sector. By 1994, some 200,000 bbl/d of refining capacity is expected to be shut down in Canada. Compared to refineries in the USA, Canadian refineries are smaller and have a much lower capacity to upgrade residual fuel oil to light products. Future challenges to the industry include a projected need for $5 billion in investment, largely to fund new environmental initiatives. Such an investment cannot be met through current industry profits. 12 figs., 3 tabs

Price rigidity in the downstream petroleum industry in New Zealand: where does it happen?

International Nuclear Information System (INIS)

Delpachitra, S.B.

2002-01-01

This paper examines the pricing behaviour of the downstream petroleum product market in New Zealand using multivariate error correction models. The unique feature of these models is the use of actual weekly wholesale and retail prices of diesel and unleaded petrol to measure the relative rigidity of domestic prices. The results suggest that price adjustments in domestic markets in response to price changes in world crude oil markets and refined product markets are very weak. Domestic wholesale prices appear to be the key variable in determining retail prices. Lack of competition in the wholesale sector is found to be the main reason for weak price adjustments. (author)

Price rigidity in the downstream petroleum industry in New Zealand. Where does it happen?

International Nuclear Information System (INIS)

Delpachitra, Sarath B.

2002-01-01

This paper examines the pricing behaviour of the downstream petroleum product market in New Zealand using multivariate error correction models. The unique feature of these models is the use of actual weekly wholesale and retail prices of diesel and unleaded petrol to measure the relative rigidity of domestic prices. The results suggest that price adjustments in domestic markets in response to price changes in world crude oil markets and refined product markets are very weak. Domestic wholesale prices appear to be the key variable in determining retail prices. Lack of competition in the wholesale sector is found to be the main reason for weak price adjustments

The Integration Aspects of Activities of the Companies in the Oil and Gas Industry Sector in the Context of Globalization

Directory of Open Access Journals (Sweden)

Panevnyk Tetiana M.

2016-05-01

Full Text Available The article considers both the dynamics and the structure of oil and gas production in Ukraine, situation of the oil and gas companies at the current stage of globalization of the world economy have been covered. The main problems impacting the functioning of the domestic industry sector have been identified, including the lack of effectiveness of the existing integration processes. The world trends and patterns of integration processes have been considered. It has been determined that the oil and gas industry sector leaders are the multinational companies that actively use integration in their practices. The current trends in creating integration linkages in different parts of the process chain in the oil and gas industry have been identified. Influence by large corporations of the innovative type on the creation of a favorable investment climate has been confirmed, as well as conducting their own policies of expansion in the overseas markets. On the basis of studying the foreign experience, expediency of development of the oil and gas sector enterprises by activating integration processes has been substantiated. Priorities and possibilities for further functioning of enterprises in the the oil and gas industry sector have been identified

Business opportunities and food safety of the Myanmar edible oil sector

NARCIS (Netherlands)

Wijnands, J.H.M.; Biersteker, J.; Hagedoorn, L.F.; Louisse, J.

2014-01-01

This report analyses the business opportunities of the oilseed and edible oil sector in Myanmar as well as the food safety control system. Myanmar is a significant producer of oilseed specialities. It is world’s largest producer of sesame seeds, ranks on the sixth position for groundnut production

Natural Zeolite Sample and Investigation Its Use in Oil Bleaching Sector

Science.gov (United States)

Bilgin, Oyku

2017-12-01

In the sector of oil bleaching, the stored raw oil is subjected to physical and chemical methods such as degumming, neutralization, bleaching, deodorization and winterization. In the process of oil bleaching, the selection of correct bleaching earth in accordance with oil characteristics matters so much. Bleaching earth is an inorganic product used in removing impurities being available within the structures of vegetable, animal oil (sunflower, soya, corn, palm, tallow, rapeseed, fish oils…etc.) and fatty acids, mineral oils (glycerine, paraffin, mineral motor oils. etc.) with the adsorption process. The factors such as low cost of oil bleaching earth, low ratio of oil retaining, high bleaching capacity in spite of using them in small amounts, filter’s delayed blocking by the earth and non-increase of the free acidity of the oil should be taken into consideration. Bleaching earths are processed with some acids in order to widen their surface areas. During this process, a certain amount of acid is left within oil bleaching earths even if it is very little. These acids also increase oil’s acidity by oxidizing oil in the course of bleaching process. In this study, zeolite sample taken from Manisa -Demirci region was used. Following the processes of crushing and sieving, zeolite sample was subjected to chemical analyses according to their grain thickness, microscopic examination, the analyses of XRD and cation exchange capacity and their ore characteristics were determined. Afterwards, it was searched whether zeolite sample has oil bleaching ability or not or whether it can be used as oil bleaching earth or not.

Energy consumption and GHG emissions from the upstream oil and gas sector in Canada: an overview

International Nuclear Information System (INIS)

Bhargava, A.; Timilsina, G.

2004-01-01

After electricity generation, the oil and gas sector is the most emission intensive industry in Canada. This paper presents statistical data and research by the Canadian Energy Research Institute (CERI). The aim of the research was to provide a comparative evaluation between Alberta's energy consumption and Canada-wide consumption. Data revealed that energy consumption and greenhouse gas (GHG) emissions have increased faster in Alberta in comparison to the rest of Canada, but have slowed since 1997, while emissions in the rest of Canada still continued to increase. Aggregate emission intensities were presented. It was noted that there were no significant changes in fuel mix in either Alberta or the country as a whole. Key factors contributing to rapid increase in energy consumption and GHG emissions after 1996 were: increased energy intensive production and increased use of natural gas. Charts of oil and gas use were presented in energy consumption, economic output and GHG emissions, also indicating that Canadian trends followed Alberta trends. A list of reduction measures in the oil and gas sector were provided, with figures of total reductions and cost. Future actions were outlined and included: ratification of the Kyoto Accord, the negotiation of sectoral agreements, important elements such as cost cap and percentages of reduction; the limited ability to reduce emissions at lower cost per tonne within the oil and gas sector; technology breakthroughs; and adoption of new practices such as the use of alternate fuels in energy intensive processes. tabs, figs

Energy consumption and GHG emissions from the upstream oil and gas sector in Canada: an overview

Energy Technology Data Exchange (ETDEWEB)

Bhargava, A.; Timilsina, G. [Canadian Energy Research Inst., Calgary, AB (Canada)

2004-07-01

After electricity generation, the oil and gas sector is the most emission intensive industry in Canada. This paper presents statistical data and research by the Canadian Energy Research Institute (CERI). The aim of the research was to provide a comparative evaluation between Alberta's energy consumption and Canada-wide consumption. Data revealed that energy consumption and greenhouse gas (GHG) emissions have increased faster in Alberta in comparison to the rest of Canada, but have slowed since 1997, while emissions in the rest of Canada still continued to increase. Aggregate emission intensities were presented. It was noted that there were no significant changes in fuel mix in either Alberta or the country as a whole. Key factors contributing to rapid increase in energy consumption and GHG emissions after 1996 were: increased energy intensive production and increased use of natural gas. Charts of oil and gas use were presented in energy consumption, economic output and GHG emissions, also indicating that Canadian trends followed Alberta trends. A list of reduction measures in the oil and gas sector were provided, with figures of total reductions and cost. Future actions were outlined and included: ratification of the Kyoto Accord, the negotiation of sectoral agreements, important elements such as cost cap and percentages of reduction; the limited ability to reduce emissions at lower cost per tonne within the oil and gas sector; technology breakthroughs; and adoption of new practices such as the use of alternate fuels in energy intensive processes. tabs, figs.

Integration between environmental management and strategic planning in the oil and gas sector

International Nuclear Information System (INIS)

Magrini, Alessandra; Lins, Luiz dos Santos

2007-01-01

For activities that have a high possibility of causing environmental accidents, like in the oil and gas sector, it is reasonable to expect the environmental management to be an important variable within the company's strategic planning. However, this is not always true. In some cases, a change in the companies' attitude, abandoning a reactive position and assuming a proactive one, only happens upon the occurrence of serious environmental accidents with strong repercussion in the media. For the company that was the object of study, these accidents gave rise to deep changes in its environmental management, culminating in investments of approximately US$ 2.6 billion in environment, health and security, from 2000 to 2004. This was the highest amount to date invested on these areas by an oil company. This case study seeks to discuss the integration between environmental management and strategic planning in the oil and gas sector over a period of 10 years (from 1995 to 2004) in order to make a contextual analysis of the period before and after the environmental accidents possible

The changing structure of the Russian oil and gas sector: the response of Western investors

International Nuclear Information System (INIS)

Lavers, B.A.

1997-01-01

The structure of the Russian oil and gas sector has changed dramatically in the last two years. The first step was the consolidation of the majority of Russia's upstream and downstream companies and associations into vertically integrated companies (VICs). The second step was the acquisition, initially through loans for shares schemes, of controlling interests in some of the larger VICs by major banks. This has resulted in the creation of extremely powerful industrial groupings and radically altered the strategy and management philosophy of the component production and refining associations. The VICs are gradually taking over the trading functions previously carried out by independent registered exporters and relationships are changing with the transportation monopoly, Transneft, which has itself devolved some of its powers to the Federal Energy Service. Gazprom is also changing and has recently been obliged to open its gas pipeline network to third party users. As the production sharing legislation slowly works its way through parliament, the industries' goals have undergone a subtle change; whereas, at inception, the primary objective was to create a legal and fiscal framework to encourage inward investment from western oil companies, latterly the main emphasis has been on encouraging domestic investment by improving the tax regime for selected components within the VICs. The growing strength of the VICs is steadily improving their prospects of raising direct equity and debt finance in the West. This, in turn, reduces the need and hence opportunities for major western operated new projects, except in fields with extreme technological and environmental challenges, where they may still be welcome. (Author)

Use of pre-industrial floodplain lake sediments to establish baseline river metal concentrations downstream of Alberta oil sands: a new approach for detecting pollution of rivers

International Nuclear Information System (INIS)

Wiklund, Johan A; Hall, Roland I; Farwell, Andrea J; George Dixon, D; Wolfe, Brent B; Edwards, Thomas WD

2014-01-01

In the Alberta oil sands region, insufficient knowledge of pre-disturbance reference conditions has undermined the ability of the Regional Aquatics Monitoring Program (RAMP) to detect pollution of the Athabasca River, because sampling began three decades after the industry started and the river naturally erodes oil-bearing strata. Here, we apply a novel approach to characterize pre-industrial reference metal concentrations in river sediment downstream of Alberta oil sands development by analyzing metal concentrations in sediments deposited in floodplain lakes of the Athabasca Delta during 1700–1916, when they were strongly influenced by Athabasca River floodwaters. We compared results to metal concentrations in surficial bottom sediments sampled by RAMP (2010–2013) at downstream sites of the Athabasca River and distributaries. When normalized to lithium content, concentrations of vanadium (a metal of concern in the oil sands region) and other priority pollutants (Be, Cd, Cr, Cu, Pb, Ni, Zn) in nearly all of the RAMP river sediment samples lie below the upper 95% prediction interval linearly extrapolated from the river-derived lake sediments. Assuming the RAMP protocols obtained recently deposited sediment, this indicates that the metal concentrations in downstream Athabasca River sediment have not increased above pre-disturbance levels. Reference conditions derived from the lake sediment data were used to develop profiles of metal residual concentrations versus time for the RAMP river sediment data, which provides an excellent tool for decision-makers to identify and quantify levels of metal pollution for any given sample, and to monitor for future trends. We recommend that the approach be applied to resurrect the utility of RAMP data at other river sampling locations closer to the development, and for ongoing risk assessment. The approach is also readily transferable to other rivers where insufficient pre-disturbance reference data impairs an ability to

Risk and resilience in the Nigerian oil sector: The economic effects of pipeline sabotage and theft

International Nuclear Information System (INIS)

Yeeles, Adam; Akporiaye, Alero

2016-01-01

Political unrest in the Niger Delta has long been viewed as a hurdle for extracting maximum value from Nigeria's oil resources. Recently, investors and policymakers have laid blame for sector under-performance on pipeline sabotage and theft, and sounded the alarm for an impending ‘oil crisis’. However, our understanding of the economic effects of social action against oil companies is incomplete. Rigorous analysis has not heretofore been offered as evidence for such dire futures. Despite the obvious risk of pipeline interdiction, price dynamics and aggregate production respond minimally to pipeline interdiction. Based on quantitative analysis of the relationship among price, production and pipeline interdiction from multiple data sources covering different time intervals (monthly data from 2005 to 2014 and annual data from 1999 to 2013), we find no evidence of significant effects of pipeline interdiction on production and a weak relationship between pipeline interdiction and Bonny light crude prices. Reported losses in product are substantial, but there is no evidence of statistically significant impacts on price or production in the aggregate. Explanations for this counterintuitive result are cast in terms of sector resilience. The implications of this finding for producer risk and the likelihood of an impending ‘oil crisis’ are discussed. - Highlights: • We examine the impact of pipeline sabotage and theft on the Nigerian oil economy. • Econometric analysis of production, price and pipeline interdiction over different time intervals. • Aggregate price and production are impacted minimally by pipeline interdiction. • Oil sector business risk is high, but production is resilient to interruptions from social and political unrest.

Sectorial energy observatory: the concentration of the sector intensifies

International Nuclear Information System (INIS)

2000-01-01

The 1998 energy market conjuncture was particularly bad for two main reasons: the collapse of oil prices and the recession of primary energy consumption. This situation occurred while the regulatory framework of markets was becoming overturned because of the forthcoming deregulation of the European power market (February 1999) and of the natural gas market (summer 2000). In this context, the energy actors have concentrated their efforts to the reinforcement of their positions using external growth operations. Apart from the concentration process, the actors of the energy sector have carried on with their strategic initiatives started these last years, internationalization being their main strategic goal. Europe is their favoured zone but they more and more lust after the USA: oil companies are placing their positions downstream of the gas industry file, while gas distributors are moving upstream. The financial performances of energy actors have been greatly lowered with a general decreasing turnover (negative price effect). They have kept some important financial latitude in order to maintain their concentration policy. Their targets will be probably the German, British and Spanish electricity and gas utilities. The electric power sector has been one of the main sectors concerned by external growth operations, but the natural gas industry should encounter a similar evolution since summer 2000. (J.S.)

The Kashagan Field: A Test Case for Kazakhstan's Governance of Its Oil and Gas Sector

International Nuclear Information System (INIS)

Campaner, N.; Yenikeyeff, S.

2008-01-01

This study focuses on the factors behind Kazakhstan's decision to renegotiate the terms of the existing Production Sharing Agreements (PSAs) with International Oil Companies (IOCs), in the context of the development of the huge Kashagan oil field. The development of Kashagan, one of the largest and most recently discovered oil fields in Kazakhstan, is crucial for Kazakhstan's ambitions of becoming a global oil producer. Kazakhstan, which has the largest oil reserves in the Caspian Sea region, is the second largest regional producer after Russia in the former Soviet Union. The country's potential for oil exports is also strategically significant as a future source of non- OPEC supplies. Amongst the CIS states, Kazakhstan is considered one of the most open countries for foreign investments. International projects in the form of Joint Ventures, Production Sharing Agreements (PSAs) or exploration/field concessions have brought foreign investments into the country's natural resources sector, particularly in the oil and gas industry. However, new developments have recently taken place, which have marked a shift in the Kazakh government's approach towards foreign investment in its energy sector. This study will therefore examine the following issues: - Kazakhstan's plans to abandon the practice of attracting foreign investments in its energy sector through new PSAs. - The recent entry of state-controlled KazMunaiGaz into the consortium operating over the Kashagan field and its impact on IOCs. - The impact of high oil prices on the negotiating power of producer states in the context of Kazakhstan's new stance on PSAs. Specifically, this study will focus on the following key factors, which will seek to further explain the changes in Kazakhstan's attitude toward the Kashagan PSA2: - Operational factors - management of the project, development strategy, cost estimates, levels of production and export markets. - Consortium factors - the relative strength of the investment

OPEC charts course for future oil market

International Nuclear Information System (INIS)

Subroto, H.E.

1992-01-01

The author says OPEC is an economic organization with a simple mission: to provide a stable and reliable supply of oil to its customers and assure a fair return to its producers. When OPEC was formed in 1960, he recalls multinational oil companies dominated the oil market. Their operations were highly integrated from well to pump, and they kept oil prices low to fuel economic growth in prosperous industrialized countries. Host nations were rarely consulted in operations, and they reaped only minimal return for their black gold. OPEC changed all that. Today, OPEC's 13 member countries control their own oil industries, and some even own sizeable investments in the downstream sectors of consuming countries. To meet its commitment for supplying the petroleum needs of industrialized nations by the turn of the century, the author estimates OPEC will need to increase production capacity by about 40% at a cost well above what member countries can afford alone

The effects of carbon prices and anti-leakage policies on selected industrial sectors in Spain – Cement, steel and oil refining

International Nuclear Information System (INIS)

Santamaría, Alberto; Linares, Pedro; Pintos, Pablo

2014-01-01

This paper assesses the impacts on the cement, steel and oil refining sectors in Spain of the carbon prices derived from the European Emissions Trading Scheme (EU ETS), and the potential effect on these sectors of the European Union anti-leakage policy measures. The assessment is carried out by means of three engineering models developed for this purpose. Our results show a high exposure to leakage of cement in coastal regions; a smaller risk in the steel sector, and non-negligible risk of leakage for the oil refining sector when carbon allowance prices reach high levels. We also find that the risk of leakage could be better handled with other anti-leakage policies than those currently in place in the EU. - Highlights: • We simulate the impact of carbon prices on the risk of leakage in the cement, steel and oil refining sectors. • We also assess the effectiveness of different anti-leakage policies in Europe. • Cement production in coastal areas is highly exposed. • The risk of leakage for steel and oil refining is smaller. • Anti-leakage policies should be modified to be efficient

Medium-Term Oil Market Report 2007

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-07-01

How much oil will the world consume in 2012? What role will OPEC play in global oil production? Will biofuels become an important part of the oil market? How will the refinery sector cope? The International Energy Agency (IEA) Medium-Term Oil Market Report tackles these questions, adopting a perspective that goes beyond the traditional short-term market analysis provided in the IEA Oil Market Report. Drawing on current futures curves and the investment threshold for upstream projects, the Medium-Term Oil Market Report analyses how global demand and supply balances may develop. By assessing all firmly planned upstream and downstream projects worldwide, this report forecasts supply and demand potential for crude and petroleum products over the next five years. The results provide an invaluable insight into vital issues such as surplus production capacity and product supply. An essential report for all policymakers, market analysts, energy experts and anyone interested in understanding and following oil market trends, the Medium-Term Oil Market Report is a further element of the strong commitment of the IEA to improving and expanding the quality, timeliness and accuracy of energy data and analysis.

Life cycle GHG emissions from Malaysian oil palm bioenergy development: The impact on transportation sector's energy security

International Nuclear Information System (INIS)

Hassan, Mohd Nor Azman; Jaramillo, Paulina; Griffin, W. Michael

2011-01-01

Malaysia's transportation sector accounts for 41% of the country's total energy use. The country is expected to become a net oil importer by the year 2011. To encourage renewable energy development and relieve the country's emerging oil dependence, in 2006 the government mandated blending 5% palm-oil biodiesel in petroleum diesel. Malaysia produced 16 million tonnes of palm oil in 2007, mainly for food use. This paper addresses maximizing bioenergy use from oil-palm to support Malaysia's energy initiative while minimizing greenhouse-gas emissions from land-use change. When converting primary and secondary forests to oil-palm plantations between 270-530 and 120-190 g CO 2 -equivalent per MJ of biodiesel produced, respectively, is released. However, converting degraded lands results in the capture of between 23 and 85 g CO 2 -equivalent per MJ of biodiesel produced. Using various combinations of land types, Malaysia could meet the 5% biodiesel target with a net GHG savings of about 1.03 million tonnes (4.9% of the transportation sector's diesel emissions) when accounting for the emissions savings from the diesel fuel displaced. These findings are used to recommend policies for mitigating GHG emissions impacts from the growth of palm oil use in the transportation sector. - Research highlights: → We modeled greenhouse gas emissions in the production of palm-biodiesel. → Five land types were included to model emissions associated with land-use change. → Land-use change has the biggest impact on the emissions in making palm-biodiesel. → Emissions from fertilizer use and effluent treatment are still significant. → At 5% biodiesel grown on suitable lands Malaysia would obtain an emissions savings.

Size, Role and Performance in the Oil and Gas Sector

Directory of Open Access Journals (Sweden)

Robert L. Mansell

2012-07-01

Full Text Available The oil and gas sector is a key driver of the Canadian and Albertan economies. Directly and indirectly it typically accounts for roughly half of Alberta’s GDP, as well as one-third of the country’s business investment and a quarter of business profits — and rising global demand will only add to these figures. However, that energy sector is also a changeable place populated by companies of all shapes and sizes, from small Emerging Juniors to wellestablished Majors whose daily production capacities are hundreds or thousands of times greater. The sector’s assorted firms have different structures and ambitions, respond in distinct ways to market forces and have unique impacts on the economy. These differences in size, role and performance must be reflected in energy and related economic policies if they are to be effective in achieving policy goals. For example, they must recognize that the smallest firms are not always the fastest growers or the most innovative; that Intermediates are the most highly leveraged, with the highest debt-to-equity ratios; and that while Majors tend to have the lowest average cost per well drilled, they also (along with Emerging Juniors have the highest operating costs. Despite the industry’s critical importance, relatively little hard data has been made available concerning companies’ structure, behaviour and performance, based on size. This paper goes a considerable way toward filling that gap, bringing together comprehensive datasets on 340 public oil and gas firms to chart essential patterns and trends, so policymakers and industry watchers can better understand the complexity and functioning of this important sector.

Independents in European Gas Markets after liberalisation - downstream integration of upstream oil and gas companies

International Nuclear Information System (INIS)

Eikeland, Per Ove

2005-01-01

A central objective of gas market liberalisation in Europe in the 1990s was to increase competition by opening end-use markets for independent suppliers. Upstream oil and gas companies in Europe reacted to this opportunity by announcing strategies to integrate forward in European gas markets. By late 2004, however, upstream companies still recorded generally weak downstream strategy implementation in Europe. The article concludes that this general implementation gap should be explained by political failure in EU member states to abolish gas market barriers to entry for independents. Variation between companies in degree of implementation should be explained by variation in conditions in the companies' home markets / wider business spheres and internal company factors. (Author)

Business Case for Integrated Reporting in the Nigerian Oil and Gas Sector

Directory of Open Access Journals (Sweden)

Tajudeen J. AYOOLA

2013-03-01

were sourced from the annual reports and stand-alone sustainability reports of the six multinational companies operating in the Nigerian oil and gas sector. The results found that efforts to address environmental, social and governance reporting (ESG were adhoc, short term and unrelated to the core activities of the corporations and as such were not integrated into their business strategies and model. Information on ESG was also duplicated over many medium in a haphazard and distorted form. The study therefore concluded that the introduction of integrated reporting will streamline performance reporting that is in line with international best practice in the sector.

The Alberta dilemma: optimal sharing of a water resource by an agricultural and an oil sector

NARCIS (Netherlands)

Gaudet, G.; Moreaux, M.; Withagen, C.A.A.M.

2006-01-01

We fully characterize the optimal time paths of production and water usage by an agricultural and an oil sector that share a limited water resource. We show that for any given water stock, if the oil stock is sufficiently large, it will become optimal to have a phase during which the agricultural

Analysis of policies to reduce oil consumption and greenhouse-gas emissions from the US transportation sector

International Nuclear Information System (INIS)

Ross Morrow, W.; Gallagher, Kelly Sims; Collantes, Gustavo; Lee, Henry

2010-01-01

Even as the US debates an economy-wide CO 2 cap-and-trade policy the transportation sector remains a significant oil security and climate change concern. Transportation alone consumes the majority of the US's imported oil and produces a third of total US Greenhouse-Gas (GHG) emissions. This study examines different sector-specific policy scenarios for reducing GHG emissions and oil consumption in the US transportation sector under economy-wide CO 2 prices. The 2009 version of the Energy Information Administration's (EIA) National Energy Modeling System (NEMS), a general equilibrium model of US energy markets, enables quantitative estimates of the impact of economy-wide CO 2 prices and various transportation-specific policy options. We analyze fuel taxes, continued increases in fuel economy standards, and purchase tax credits for new vehicle purchases, as well as the impacts of combining these policies. All policy scenarios modeled fail to meet the Obama administration's goal of reducing GHG emissions 14% below 2005 levels by 2020. Purchase tax credits are expensive and ineffective at reducing emissions, while the largest reductions in GHG emissions result from increasing the cost of driving, thereby damping growth in vehicle miles traveled. (author)

Determining Factors for Economic Efficiency in the Organic Olive Oil Sector

Directory of Open Access Journals (Sweden)

Enrique Bernal Jurado

2017-05-01

Full Text Available Spain looms large worldwide in organic olive oil production. However, this productive potential contrasts with the low internal consumption of the product. This situation makes Spain a world leader in its export. Companies in this sector have clear deficiencies, which must be corrected to ensure their survival over time. In this context, the aim of this study is to analyse the level of efficiency, in economic terms, of organic olive oil producers and to identify the factors explaining the best organizational practices. To do so, Data Envelopment Analysis (DEA and Qualitative Comparative Analysis (QCA have been used. The results reveal low levels of economic efficiency and the variables determining said efficiency.

An analysis of headquarters location in the Canadian oil and gas sector

International Nuclear Information System (INIS)

Hirsch, K.T.

1993-04-01

Headquarters location theory identifies several factors which are expected to influence the location of corporate head offices. Some of these factors directly affect the costs of operation and the basic profitability of the company, such as the cost of office space, tax levels, availability of qualified labour, cost of labour, proximity to corporate activities, and agglomeration with other services and companies. Headquarters location theory is applied to Canada's energy sector. During the previous 27 years, concentration of energy company headquarters has shifted from Toronto to Calgary. A regression model tests the extent to which those factors identified in the literature appear to be statistically significant for the headquarters relocation experience in Canada's energy sector. The results of the tests suggest that certain factors do appear to significantly influence relocation decisions. These factors are agglomeration with other oil and gas companies, and relative proximity to oil and gas operations (which unexpectedly displayed a negative coefficient). The agglomeration factor was by far the most significant. 44 refs., 3 figs., 2 tabs

Environmental compensation application in the oil and gas sector; Aplicacao da compensacao ambiental no segmento de oleo e gas

Energy Technology Data Exchange (ETDEWEB)

Silva, Lucia H.C.; Pollis, Altaira M. [ICF Consultoria do Brasil Ltda., Rio de Janeiro, RJ (Brazil); Oliveira, Marco A.B. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE)

2004-07-01

The regulation of the law no 9.985, of July 18, 2000, by the decree no 4.340, of August 22, 2002, awake the productive sector to the imposition to the entrepreneur that must destine the amount of at least 0,5% of the total costs foreseen for the hole undertaking implementation, to implement or maintain environmental conservation units. The most of the environmental agencies have been applied 0,5%. The IBAMA uses a methodology to establish the impact level and the range between 0,5% and 5% to define the environmental compensation percentage and is questionable. Then, until now, this legal requirement have been applied in a heterogeneous form to the environmental licensing. The various applied criterions, the huge subjectivity in the impact level assessment, and the influence of this requirement in the licensing schedule, associate to the oil and gas sector project costs point to a relevant impact in the feasibility of the oil and gas sector projects. Based in the percentages that IBAMA had established for the oil and gas sector was esteemed some costs destined to the environmental compensation. The law implementation without inhibition of investments in the country depends on the involved sectors articulation. (author)

THE IMPACT OF THE FALLING OIL PRICES ON THE BANKING SECTOR AND THE BANKING CRISIS IN AZERBAIJAN

Directory of Open Access Journals (Sweden)

Nijat Huseynov

2018-03-01

Full Text Available The Banking sector in Azerbaijan has been one of the most affected sectors and volatile due to the falling oil prices. In the recent years, the government’s approach to the banking sector has changed significantly. The national currency has depreciated against the foreign currencies. The main goal of this paper is to clarify the current situation and key challenges in the Azerbaijan Banking sector including assessing the role of the Central Bank of Azerbaijan Republic (CBA. In this paper, the crucial problems in the financial sector are also indicated and some key points for the future actions are recommended.

A critique of the performance of EIA within the offshore oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Barker, Adam, E-mail: adam.barker@manchester.ac.uk; Jones, Carys, E-mail: carys.jones@manchester.ac.uk

2013-11-15

The oil and gas sector is a key driver of the offshore economy. Yet, it is also associated with a number of unwanted environmental impacts which potentially threaten the long term economic and environmental viability of marine ecosystems. Environmental Impact Assessment (EIA) can potentially make a significant contribution to the identification and management of adverse impacts through the promotion of evidence based decision making. However, the extent to which EIA has been embraced by key stakeholders is poorly understood. On this basis, this paper provides an initial evaluation of EIA performance within the oil and gas sector. The methodology adopted for the paper consisted of the structured review of 35 Environmental Statements (ESs) along with interviews with regulators, operators, consultants and advisory bodies. The findings reveal a mixed picture of EIA performance with a significant number of ESs falling short of satisfactory quality and a tendency for the process to be driven by compliance rather than best practice. -- Highlights: • Concerns identified relating to impacts of offshore oil and gas industry. • Research assesses performance of EIA in addressing impacts. • Findings highlight weak quality standards and procedural deficiencies. • Institutional reforms identified in order to improve practice.

Best practices for the retention of women engineers and scientists in the oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Emerson, C.J. [Wise Newfoundland and Labrador, St. John' s, NF (Canada); Williams, F.M. [Petro-Canada Inc., (Canada); Sherk, S. [AMEC Earth and Environmental Ltd., St. John' s, NF (Canada)

2000-07-06

This conference paper was the result of a workshop discussion at a national conference that brought together those in industry who work in positions promoting diversity, together with women scientists and engineers from the sector. The objective was to identify effective workplace policies and practices that support and advance women's careers in the sector, and thus enhance retention. The conference paper discusses women in science, engineering and technology fields and in the oil and gas sector. It discusses best practices for the retention of women scientists and engineers in the oil and gas sector. It presents a summary of the workshop, best practices for the industry, and best practices for others. Best practices for the industry that are presented in the paper include: commitment from the top, management training, organizational policy and programs, balancing career and personal life, and career development and training. The paper concluded that companies should be recognized for thoughtful and forward-looking policies and best practice initiatives and that the strongest of the best practices is to make managers accountable for diversity progress in their areas of responsibility. 1 app., 8 refs.

Safety culture: a comparative study of space, nuclear and oil-gas sectors

International Nuclear Information System (INIS)

Morais, David; Assis, Altair Souza de

2008-01-01

Full text:We access in this paper the safety culture methodology adopted by three different industrial sectors: Nuclear, space/aeronautics and oil-gas, in Brazil. In this work, It is evaluated the planning, training, personal monitoring and the interaction between the technical personal, such as engineers and physicists, with human ones, such social workers and physiologists, key factor to understand the efficacy of the local safety culture pattern. The research is made through the analysis of the relevant manuals and interviewing the safety, human areas personal, and regulatory managers, concerned with/related to safety/working with safety culture at the specific industrial sector. It is compared the efficacies and the official regulatory vision on the issue, for the different sectors, in order to detect confluences and divergences and, so, to propose a model that better treat the safety culture as a global industrial value. (author)

The Kashagan Field: A Test Case for Kazakhstan's Governance of Its Oil and Gas Sector

Energy Technology Data Exchange (ETDEWEB)

Campaner, N.; Yenikeyeff, S.

2008-07-01

This study focuses on the factors behind Kazakhstan's decision to renegotiate the terms of the existing Production Sharing Agreements (PSAs) with International Oil Companies (IOCs), in the context of the development of the huge Kashagan oil field. The development of Kashagan, one of the largest and most recently discovered oil fields in Kazakhstan, is crucial for Kazakhstan's ambitions of becoming a global oil producer. Kazakhstan, which has the largest oil reserves in the Caspian Sea region, is the second largest regional producer after Russia in the former Soviet Union. The country's potential for oil exports is also strategically significant as a future source of non- OPEC supplies. Amongst the CIS states, Kazakhstan is considered one of the most open countries for foreign investments. International projects in the form of Joint Ventures, Production Sharing Agreements (PSAs) or exploration/field concessions have brought foreign investments into the country's natural resources sector, particularly in the oil and gas industry. However, new developments have recently taken place, which have marked a shift in the Kazakh government's approach towards foreign investment in its energy sector. This study will therefore examine the following issues: - Kazakhstan's plans to abandon the practice of attracting foreign investments in its energy sector through new PSAs. - The recent entry of state-controlled KazMunaiGaz into the consortium operating over the Kashagan field and its impact on IOCs. - The impact of high oil prices on the negotiating power of producer states in the context of Kazakhstan's new stance on PSAs. Specifically, this study will focus on the following key factors, which will seek to further explain the changes in Kazakhstan's attitude toward the Kashagan PSA2: - Operational factors - management of the project, development strategy, cost estimates, levels of production and export markets. - Consortium factors - the

Approach to downstream planning for nearshore response and sensitive areas protection outside Prince William Sound, Alaska

International Nuclear Information System (INIS)

DeCola, E.G.; Robertson, T.L.; Robertson, R.; Banta, J.

2004-01-01

This study assessed the need for an oil spill response plan for downstream coastal communities that could be affected by oil spilled from tankers travelling in Prince William Sound, Alaska. For the purpose of oil spill contingency planning, the State of Alaska has been divided into the Kodiak and Cook Inlet sub-areas that are at risk for downstream impacts from a Prince William Sound oil spill. The 1989 Exxon Valdez oil spill provided an example of a worst-case scenario oil spill from a tanker in Prince William Sound, but the oil spill planning system that has evolved in Alaska does not adequately plan for on oil spill that originates in one sub-area of the state, but impacts other sub-areas in the downstream spill path. This study analyzed the gaps that exist in the current response planning system in the Prince William Sound, Cook Inlet and Kodiak sub-areas. A method was proposed to improve the existing response plans so that emergency response teams are better prepared to manage cross-boundary oil spills originating in Prince William Sound. The proposed method focuses on nearshore response and sensitive areas protection for coastlines and communities that are at risk for oil spills from a tanker travelling the Trans-Alaska Pipeline System (TAPS). 11 refs., 3 figs

Tough sell : forgetting and forgiving are not on the financial service sector's oil and gas investment agenda

International Nuclear Information System (INIS)

Georg, A.

1999-01-01

A review of the recovery from the year-long low on the oil-price cycle was presented, with special emphasis on the growth potential within the petroleum sector. Although the mood was optimistic at this year's Canadian Association of Petroleum Producers' annual Oil and Gas Investment Symposium, scrutiny from analysts and investors was severe. In today's dynamic market investors are less loyal and companies can no longer ride out the lows. When companies fell short of high investor expectations, they were faced with plunging stocks when investors left. This forced firms to sell assets or to merge with other, more solvent companies. It was noted that the oil and gas industry is among the best of any industrial sector in quality and standardization of disclosure. The advantage of this is that a high degree of disclosure reduces uncertainty which could benefit stock prices. 2 figs

Mixed reverse micelles facilitated downstream processing of lipase involving water-oil-water liquid emulsion membrane.

Science.gov (United States)

Bhowal, Saibal; Priyanka, B S; Rastogi, Navin K

2014-01-01

Our earlier work for the first time demonstrated that liquid emulsion membrane (LEM) containing reverse micelles could be successfully used for the downstream processing of lipase from Aspergillus niger. In the present work, we have attempted to increase the extraction and purification fold of lipase by using mixed reverse micelles (MRM) consisting of cationic and nonionic surfactants in LEM. It was basically prepared by addition of the internal aqueous phase solution to the organic phase followed by the redispersion of the emulsion in the feed phase containing enzyme, which resulted in globules of water-oil-water (WOW) emulsion for the extraction of lipase. The optimum conditions for maximum lipase recovery (100%) and purification fold (17.0-fold) were CTAB concentration 0.075 M, Tween 80 concentration 0.012 M, at stirring speed of 500 rpm, contact time 15 min, internal aqueous phase pH 7, feed pH 9, KCl concentration 1 M, NaCl concentration 0.1 M, and ratio of membrane emulsion to feed volume 1:1. Incorporation of the nonionic surfactant (e.g., Tween 80) resulted in remarkable improvement in the purification fold (3.1-17.0) of the lipase. LEM containing a mixture of nonionic and cationic surfactants can be successfully used for the enhancement in the activity recovery and purification fold during downstream processing of enzymes/proteins. © 2014 American Institute of Chemical Engineers.

Industry sector analysis, Mexico: Oil and gas field machinery and equipment. Export Trade Information

International Nuclear Information System (INIS)

1990-04-01

The Industry Sector Analyses (I.S.A.) for oil and gas field machinery and equipment contains statistical and narrative information on projected market demand, end-users, receptivity of Mexican consumers to U.S. products, the competitive situation - Mexican production, total import market, U.S. market position, foreign competition, and competitive factors, and market access - Mexican tariffs, non-tariff barriers, standards, taxes and distribution channels. The I.S.A. provides the United States industry with meaningful information regarding the Mexican market for oil and gas field machinery and equipment

Implementation of Enterprise Risk Management (ERM Framework in Enhancing Business Performances in Oil and Gas Sector

Directory of Open Access Journals (Sweden)

Sanmugam Annamalah

2018-01-01

Full Text Available This study empirically investigated the ERM Implementation model and proposed framework to identify and manage risks in Oil and Gas Sector in Malaysia. The study examined the role of ERM framework implementation in improving business performance by utilizing Economic Value Added as a measurement tool. The study also provides insights to the Oil and Gas Sector to gain higher profit returns, reduce cost of capital, and improve shareholders value. Moreover, it contributes significantly in the field of Enterprise risk management in Malaysia. The identification and management of risk is significant to organizations in managing risks efficiently. Expectations of stakeholders of the organization are high from executives and board of directors in managing the risk effectively. Linear regression analysis is utilized in analyzing the data obtained from the data collection performed for this paper. Purposive sampling has been employed in order to select the firms that are operating in Malaysian oil and gas sector. Primary data has been utilized to collect data with the help of structured questions and interview techniques that involve semi structured questions. The results of the regression analysis conducted for in this study suggested that a significant and positive relationship between Enterprise Risk Management with operational risk; market risk; political risk; health, safety and environmental risk; and, also business performance.

Life cycle GHG emissions from Malaysian oil palm bioenergy development: The impact on transportation sector's energy security

Energy Technology Data Exchange (ETDEWEB)

Hassan, Mohd Nor Azman, E-mail: mohdnorh@andrew.cmu.ed [Department of Engineering and Public Policy, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15203 (United States); Jaramillo, Paulina [Department of Engineering and Public Policy, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15203 (United States); Griffin, W. Michael [Department of Engineering and Public Policy, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15203 (United States); Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15203 (United States)

2011-05-15

Malaysia's transportation sector accounts for 41% of the country's total energy use. The country is expected to become a net oil importer by the year 2011. To encourage renewable energy development and relieve the country's emerging oil dependence, in 2006 the government mandated blending 5% palm-oil biodiesel in petroleum diesel. Malaysia produced 16 million tonnes of palm oil in 2007, mainly for food use. This paper addresses maximizing bioenergy use from oil-palm to support Malaysia's energy initiative while minimizing greenhouse-gas emissions from land-use change. When converting primary and secondary forests to oil-palm plantations between 270-530 and 120-190 g CO{sub 2}-equivalent per MJ of biodiesel produced, respectively, is released. However, converting degraded lands results in the capture of between 23 and 85 g CO{sub 2}-equivalent per MJ of biodiesel produced. Using various combinations of land types, Malaysia could meet the 5% biodiesel target with a net GHG savings of about 1.03 million tonnes (4.9% of the transportation sector's diesel emissions) when accounting for the emissions savings from the diesel fuel displaced. These findings are used to recommend policies for mitigating GHG emissions impacts from the growth of palm oil use in the transportation sector. - Research highlights: {yields} We modeled greenhouse gas emissions in the production of palm-biodiesel. {yields} Five land types were included to model emissions associated with land-use change. {yields} Land-use change has the biggest impact on the emissions in making palm-biodiesel. {yields} Emissions from fertilizer use and effluent treatment are still significant. {yields} At 5% biodiesel grown on suitable lands Malaysia would obtain an emissions savings.

Impact analysis of leading sub sector on basic sector to regional income in Siak Regency, Riau Province

Science.gov (United States)

Astuti, P.; Nugraha, I.; Abdillah, F.

2018-02-01

During this time Siak regency only known as oil producing regency in Riau province, but based on the vision of spatial planning Siak’s regency in 2031 there was a shift from petroleum towards to other sectors such as agribusiness, agroindustry and tourism. The purpose of this study was to identify the sector base, the leading subsectors and shift with their characteristics and to identify the leading subsectors development priority. The method used in this research consisted of the method of Location Quotient (LQ, Shift Share, and Overlay method). The research results were used Location Quotient (LQ) to identify sector’s base in Siak regency based on the document of PDRB. The sector’s refers to the constant prices year of 2000 were mining and quarrying sector (2.25). The sector’s base using document of PDRB at constant prices 2000 without oil and gas sector was the agricultural sector with a value of LQ was 2,45. The leading sub sector in the Siak regency with mining and quarrying sector was oil and gas (1.02) and leading sub sector without oil and gas sector was the plantation sector (1.48) and forestry sector (1.73). Overlay analysis results shown that agriculture sector as a sector base and plantation and forestry as a leading sub sector has positive value and categorize as progressive and competitiveness. Because of that, this leading sub sector gets high priority to developing.

Economic Analysis of Solar Energy Using in Oil Sector Economy in Republic of Tatarstan

Science.gov (United States)

Kulikova, L. I.; Goshunova, A. V.; Nutfullina, D. I.

2017-11-01

In the current economic conditions further increase of the profit or maintenance of its current level on the base of extensive development factors is no longer possible. The example of the oil-extracting company in the Republic of Tatarstan demonstrates that in the future it will be possible to replace traditional energy sources with solar energy; it will reduce energy costs for oil extraction, production costs and provide an increase of corporate efficiency. The economic analysis results show that the use of solar electricity can lead to 4.68% reduction in total electricity costs. In addition, the energy consumption per ton of oil produced is reduced. The share of electricity costs in the oil cost is reducing from 12.13% to 11.56%. Consequently, in the long term, the impact of total energy costs reduction can become more significant. In this way solar energy can become quite a real alternative in ensuring the energy needs of the economy of the oil-extracting sector of the Republic of Tatarstan and become a driver of intensive economic development.

Common Health, Safety and Environmental Concerns in Upstream Oil and Gas Sector: Implications for HSE Management in Ghana

Directory of Open Access Journals (Sweden)

Seth Oppong

2014-01-01

Full Text Available This paper explores the literature to identify common occupational injuries, diseases, and psychological wellbeing on oil rigs as well as the negative environmental impacts of the upstream oil and gas sector. It ends by making recommendations for effective health, safety, and environmental (HSE management. Review of the literature showed that contusion (bruise, cuts, and laceration are the commonest occupational injuries that workers on the oil rig suffer and that the injuries mostly affect the hand and finger, leg, and eyes of the offshore workers. These injuries were found to be caused mostly by direct stroke, jamming and overstrain. Similarly, accidental poisoning, musculoskeletal disorders, respiratory disorders and diseases of the digestive system were also documented as the commonest occupational diseases among offshore workers. The literature also shows that working offshore is associated with poorer psychological wellbeing or health; this is to say that offshore workers tend to experience higher levels of stress, burnout, anxiety, depression, low job satisfaction (particularly with the environmental conditions associated with their work, and sleep disorders. Finally, the literature review indicated that land-use problems, air pollution, acid rain, climate change, habitat disruption, environmental degradation, oil spills and leakages are some of environmental impacts of upstream oil production. This review was concluded by recommending some measures for the management of the HSE hazards associated with the oil and gas sector.

Oil inventory behaviour: the public and private sector relationship and the free-rider problem

International Nuclear Information System (INIS)

Al-Faris, A.F.

1992-01-01

For oil-importing countries, the uninterrupted flow of energy sources lies at the heart of their national security. The crises of 1973-74 and 1979-80 have demonstrated the vulnerability of their economies to oil shortages, and the need to maintain a certain level of stocks to absorb unexpected losses in normal supply. On the other hand, oil producers have perceived a large inventory accumulation as a destabilizing factor to the oil market. This paper introduces fresh evidence on the dynamic nature of the relationship between OECD countries on the one hand and the public and private sectors on the other. The aims of the paper are, thus, twofold. The first is to highlight the underlying determinants of the inventory policies in major OECD countries. Of particular interest to this inquiry is the question of the free-rider phenomenon. The second is to study the interaction between public and private inventories in the framework of a dynamic model. (author)

Rebound and disinvestment effects in refined oil consumption and supply resulting from an increase in energy efficiency in the Scottish commercial transport sector

International Nuclear Information System (INIS)

Anson, Sam; Turner, Karen

2009-01-01

In this paper, we use an energy-economy-environment computable general equilibrium (CGE) model of the Scottish economy to examine the impacts of an exogenous increase in energy augmenting technological progress in the domestic commercial Transport sector on the supply and use of energy. We focus our analysis on Scottish refined oil, as the main type of energy input used in commercial transport activity. We find that a 5% increase in energy efficiency in the commercial Transport sector leads to rebound effects in the use of oil-based energy commodities in all time periods, in the target sector and at the economy-wide level. However, our results also suggest that such an efficiency improvement may cause a contraction in capacity in the Scottish refined oil supply sector. This 'disinvestment effect' acts as a constraint on the size of rebound effects. However, the magnitude of rebound effects and presence of the disinvestment effect in the simulations conducted here are sensitive to the specification of key elasticities of substitution in the nested production function for the target sector, particularly the substitutability of energy for non-energy intermediate inputs to production.

Rebound and disinvestment effects in refined oil consumption and supply resulting from an increase in energy efficiency in the Scottish commercial transport sector

Energy Technology Data Exchange (ETDEWEB)

Anson, Sam [Transport Analytical Services, Scottish Government, Victoria Quay, Edinburgh, EH6 6QQ (United Kingdom); Turner, Karen [Department of Economics, University of Strathclyde, Sir William Duncan Building, 130 Rottenrow, Glasgow G4 0GE (United Kingdom)

2009-09-15

In this paper, we use an energy-economy-environment computable general equilibrium (CGE) model of the Scottish economy to examine the impacts of an exogenous increase in energy augmenting technological progress in the domestic commercial Transport sector on the supply and use of energy. We focus our analysis on Scottish refined oil, as the main type of energy input used in commercial transport activity. We find that a 5% increase in energy efficiency in the commercial Transport sector leads to rebound effects in the use of oil-based energy commodities in all time periods, in the target sector and at the economy-wide level. However, our results also suggest that such an efficiency improvement may cause a contraction in capacity in the Scottish refined oil supply sector. This 'disinvestment effect' acts as a constraint on the size of rebound effects. However, the magnitude of rebound effects and presence of the disinvestment effect in the simulations conducted here are sensitive to the specification of key elasticities of substitution in the nested production function for the target sector, particularly the substitutability of energy for non-energy intermediate inputs to production. (author)

The Mediterranean Diet and the Increasing Demand of the Olive Oil Sector: Shifts and Environmental Consequences

Directory of Open Access Journals (Sweden)

Bruno Neves

2018-06-01

Full Text Available Mediterranean countries play a crucial role as olive oil producers and consumers compared to other world regions. This work focusses on the development of the world production, trade and consumption where the Mediterranean region stands out from the rest of the world, in particular, the Northern Mediterranean countries. Aspects such as how communication emphasizes the benefits of the Mediterranean diet - which is a distinctive characteristic of the Mediterranean culture and identity - the Slow Food Movement, the International Olive Council campaigns, and the successive Common Agricultural Policies, that have triggered production, trade and consumption around the world, are here discussed. Such increases and stimuli brought and is still bringing changes to the olive oil sector such as a shifting tendency in production modes as well as modernization of the sector, responding to the increasing demand. These shifts and demand are changing landscapes and are being referred as environmentally harmful to the ecosystems as the production of olive oil is shifting to more intensive production systems and monoculture plantations. These issues are here debated and illustrated with case study examples, referring to the Mediterranean countries, particularly, referring to the Iberian Peninsula.

Energy conservation: an alternative for investment in the oil sector for OPEC member countries

International Nuclear Information System (INIS)

Zamani, M.

2005-01-01

Investment in the oil sector is the main policy of expanding net crude oil export capacity in OPEC Member Countries. The other alternative should be improving energy conservation policies. Since these countries benefit from cheap energy sources, it is reasonable to expect inefficient use of energy in their economies, resulting in relatively high energy intensity. This paper deals with the causality relationship between energy consumption and gross domestic product (GDP). First, stationary tests are run. Second, if there is a cointegrating relationship, an error correction model is applied; otherwise a standard Granger causality test is conducted. It was discovered that for all OPEC Member Countries we cannot statistically accept causality running from energy to GDP. Therefore, not only are proper conservation policies not a threat to economic growth, they also lead to an expansion of oil export capacity. (author)

Towards An Intelligent Model-Based Decision Support System For An Integrated Oil Company (EGPC)

International Nuclear Information System (INIS)

Khorshid, M.; Hassan, H.; Abdel Latife, M.A.

2004-01-01

Decision Support System (DSS) is an interactive, flexible and adaptable computer-based support system specially developed for supporting the solution of unstructured management problems [31] DSS has become widespread for oil industry domain in recent years. The computer-based DSS, which were developed and implemented in oil industry, are used to address the complex short-term planning and operational issues associated with downstream industry. Most of these applications concentrate on the data-centered tools, while the model-centered applications of DSS are still very limited up till now [20]. This study develops an Intelligent Model-Based DSS for an integrated oil company, to help policy makers and petroleum planner in improving the effectiveness of the strategic planning in oil sector. This domain basically imposes semi-structured or unstructured decisions and involves a very complex modeling process

CDM (Clean Development Mechanism) opportunities for the oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Franco, Joana Chiavari [FEEM - Fondazione Eni Enrico Mattei, Milan (Italy). Eni/Agip Group

2004-07-01

Due to the broad impact of legislation limiting greenhouse gas emissions and the increasing public awareness concerning the environment, the oil industry has been currently incorporating climate change considerations in its corporate strategy. However, compliance in the carbon constrained economy does not merely represent a cost issue; it also represents an opportunity. Projects developed under the Clean Development Mechanism (CDM) in particular represent an incentive both for companies and governments to invest in emission reduction projects in developing countries and earn carbon credits, while promoting sustainable development. The oil industry is characterized by a high emission reduction potential and is able to deliver to the market an amount of credits which is by far higher than the amount that most projects developers are able to offer. However some critical issues, such as the current interpretation of the additionally concept, may represent a barrier for the full utilization of such mechanism, particularly regarding petroleum-sector projects, thus reducing the benefits the CDM can actually produce. Considering that a very large number of CDM projects may be needed for the implementation of a successful climate policy, the engagement of the oil industry on the Kyoto mechanisms is very important and auspicial. (author)

Proceedings of the 3. international symposium on applied microbiology and molecular biology in oil systems: ISMOS 3

Energy Technology Data Exchange (ETDEWEB)

Rooijen, Gijs van; Caffrey, Sean M. [Genome Alberta (Canada); Lund Skovhus, Torben [DTI Oil and Gas (Denmark); Whitby, Corinne [University of Essex (United Kingdom)

2011-07-01

The 3rd international symposium on applied microbiology and molecular biology in oil systems was held in Calgary, Alberta, Canada, from June 13th to June 15th, 2011. This conference, organized by ISMOS TSC, gathered experts to discuss the application of microbial and molecular biology in the hydrocarbon sector. The conference was attended by key players from the oil and gas industry and provided them with the opportunity to learn about some of the latest technologies in areas such as the application of molecular microbiological methods for oil field systems, biodegradation of hydrocarbons in oil production, biofuels and downstream petroleum microbiology and challenges in biofuels and oil sands developments, and to network with their peers and share their expertise. 17 of the 31 papers presented during this conference have been catalogued separately for inclusion in this database.

Energy. Sector 1

International Nuclear Information System (INIS)

1994-01-01

The aim of this article is to report the results of the greenhouse gas (GHG) emission inventory for the year 1994. The following GHG are of interest in the energy sector: Carbon dioxide CO 2 , methane CH 4 , nitrous oxide N 2 O, oxides of nitrogen NO x , carbon monoxide CO, sulphur dioxide SO 2 and non-methane volatile organic compounds (NMVOCs). The inventory has focused on the following GHG related sources: -Electricity generation through the electric utility. -Private generation of electricity -Manufacturing industries and construction -Transport: road, domestic aviation and national navigation -Energy use in the residential sector -Energy use in the commercial/institutional sector -Energy use in the agriculture/forestry/fishing sector The fuel types taken into consideration are:Gasoline, jet Kerosene, Kerosene for household use, gas oil, diesel oil, fuel oil, LPG, lubricating oil, coal, wood and charcoal (solid biomass). Care has been taken to eliminate the fuel used by international marine and aviation bunkers from the national inventory. The amount of GHG released to the atmosphere has been estimated using the IPCC methodology and emission factors .Where national emission factors differed from those of IPCC, the factors are discussed. Complete documentation of compiled information and data sources are attached to this article.Finally both the reference approach and analysis by source categories have been carried out and are reported in this inventory

Technological advancements revitalize conventional oil sector

International Nuclear Information System (INIS)

Thomson, L.

2000-01-01

Maturing reserves in the Western Canada Sedimentary Basin is resulting in a gradual shift of focus from huge new discoveries and wildcat gushers to developing new technologies for exploration and enhanced recovery techniques of production, keeping costs down and reducing environmental impacts, as a means of keeping conventional oil plays a viable force in the oil and gas industry. The value in refocusing efforts towards technology development is given added weight by a recent announcement by the Petroleum Communication Foundation, which stated that in addition to the oil sands and offshore oil and gas developments, one of the country's largest undeveloped oil resource is the 70 per cent of discovered crude oil in western Canadian pools that cannot be recovered by current conventional production techniques. Therefore, development of new technologies to exploit these currently unrecoverable resources is a matter of high priority. To remain competitive, the new techniques must also lower the cost of recovering oil from these sources, given that the cost of oil production in Canada is already higher than that in most other competing countries

Funding the heavy oil sector's innovation : maximizing Canada's R and D tax credit

International Nuclear Information System (INIS)

Hill, G.S.; Bernard, M.; Cheung, S.

2008-01-01

Canada offers one of the most generous, broadly applicable business tax incentives for eligible research and development projects in the world. The scientific research and experimental development (SR and ED) program is administered by the Canada Revenue Agency and is the single largest federal program, providing over 3 billion dollars in tax assistance to Canadian businesses in 2006. The development of in-situ oil sands recovery technologies such as steam assisted gravity drainage and other techniques have been research-intensive undertakings that have historically benefited from the SR and ED program, many of which are now commercial available technologies. The SR and ED program definition, eligible activities, eligible expenditures, and benefits were described in this paper. These benefits include the ability to deduct qualifying expenditures currently or to defer them indefinitely, as well as investment tax credits that reduce taxes payable on a dollar for dollar basis. Research and development in the heavy oil and oil sands industries was also discussed with reference to platforms for research and development; areas of potential SR and ED. It was concluded that the SR and ED program is a vital source of financing to many Canadian corporations, and could offer significant assistance to companies in the heavy oil and oil sands sector by returning 20-35 per cent of the expenditures back at the federal level as a tax credit. 5 refs

Economic feasibility of biochemical processes for the upgrading of crudes and the removal of sulfur, nitrogen, and trace metals from crude oil -- Benchmark cost establishment of biochemical processes on the basis of conventional downstream technologies. Final report FY95

Energy Technology Data Exchange (ETDEWEB)

Premuzic, E.T.

1996-08-01

During the past several years, a considerable amount of work has been carried out showing that microbially enhanced oil recovery (MEOR) is promising and the resulting biotechnology may be deliverable. At Brookhaven National Laboratory (BNL), systematic studies have been conducted which dealt with the effects of thermophilic and thermoadapted bacteria on the chemical and physical properties of selected types of crude oils at elevated temperatures and pressures. Current studies indicate that during the biotreatment several chemical and physical properties of crude oils are affected. The oils are (1) emulsified; (2) acidified; (3) there is a qualitative and quantitative change in light and heavy fractions of the crudes; (4) there are chemical changes in fractions containing sulfur compounds; (5) there is an apparent reduction in the concentration of trace metals; and (6) the qualitative and quantitative changes appear to be microbial species dependent; and (7) there is a distinction between biodegraded and biotreated oils. The downstream biotechnological crude oil processing research performed thus far is of laboratory scale and has focused on demonstrating the technical feasibility of downstream processing with different types of biocatalysts under a variety of processing conditions. Quantitative economic analysis is the topic of the present project which investigates the economic feasibility of the various biochemical downstream processes which hold promise in upgrading of heavy crudes, such as those found in California, e.g., Monterey-type, Midway Sunset, Honda crudes, and others.

The voice of Canada's oil and natural gas industry : oil and natural gas

International Nuclear Information System (INIS)

2001-04-01

The Canadian Association of Petroleum Producers (CAPP) represents 150 members of the oil and gas industry, which together are responsible for approximately 95 per cent of the oil and natural gas produced in Canada. The upstream sector comprises companies that explore for, develop and produce petroleum resources, while the downstream sector involves companies that refine and market the resources. CAPP works closely with governments of 11 of Canada's 13 provinces and territories and with public groups to represent upstream producers active across the country. The enhancement of the economic well-being and sustainability of the upstream petroleum industry is the mission of the CAPP. The main priorities of the CAPP are: Environment, Health and Safety Stewardship, reasonable and timely access to resources, competitiveness of the Canadian industry on a global basis, the secure and efficient access to markets, and open and constructive public, government and media affairs. Some of the issues dealt with by the CAPP are sour gas, flaring, venting and industry-landowner relations, improved safety performance, federal issues such as corporate taxes and environmental issues, Aboriginal and First Nations issues, transportation costs for natural gas on major pipelines, and oil and sands bitumen issues, to name a few. The board of the CAPP is made up of 32 members. The work is carried out by hundreds of volunteers from member companies who provide their time and expertise for various committees and working groups, as well as a staff of approximately 40 people to assist them. The members provide the entire funding for CAPP, which is located in Calgary, Alberta. The document concluded with a few facts concerning the petroleum industry in general. 12 figs

Using forest carbon credits to offset emissions in the downstream business

NARCIS (Netherlands)

Hein, Lars

2017-01-01

A forthcoming report by Concawe, entitled Using Forest Carbon Credits to Offset Emissions in the Downstream Business, investigated whether, and how, forest carbon credits can be used to offset emissions from the European refining and road transport sectors. Forest carbon plays a major role in the

Oil companies make cutbacks

International Nuclear Information System (INIS)

Dupin, Ludovic

2014-01-01

As oil prices are falling, the oil sector faces company restructuring, merger projects, closure of oil fields, and so on. Restructuring is motivated by the costs of offshore exploration and oil production projects. Saudi Arabia tries to fight the emergence of shale gases by reducing oil prices, and somehow succeeds as some projects in the USA are put into question again. Experts perceive this situation as an opportunity for the sector to improve its efficiency and reduce over-staffing

The euro as a quotation and invoicing currency in the oil and gas sector

International Nuclear Information System (INIS)

Swartenbroekz, C.; Pauwels, J.P.

1999-01-01

The impact of the introduction of the euro will not be limited to the European economics, but will also have an influence worldwide. Indeed the new currency is really qualified to become an international currency. Under these circumstances, oil and gas sector participants should consider taking the opportunity to make us of he new currency in their transactions. However, even if new opportunities do exist, some opposition could be expressed for operational and geopolitical reasons. (authors)

Official quality controls and the fight against fraud in the olive oil sector in Catalonia. Results 2011–2014

International Nuclear Information System (INIS)

Cugat, G.; Biel, M.R.

2016-01-01

This article highlights the key aspects of the official control procedures concerning quality and in the fight against food fraud in the oil sector implemented in Catalonia by the Ministry for Agriculture, Livestock, Fisheries and Food of the Government of Catalonia and, more specifically, by the Subdirectorate General of Agri-food Inspection and Control. This summarized view focuses on issues related to the legality and competence framework for official controls, the goals and purpose thereof, the area’s object of investigation and technical scope, the stages of the food chain at which measures are carried out, the types of inspection and control actions and the main investigation techniques. It also presents the results of the inspections, with a summary of the types of irregularities detected in the olive oil sector over the 2011–2014 period. [es

Oil sector in Spain: Final adaptation

International Nuclear Information System (INIS)

Marin-Quemada, J.M.

1992-01-01

This paper analyzes organizational and marketing changes occurring in Spain's oil industry as a result of its conversion from a state run monopoly system to a free market system. The analysis uses statistical data to indicate national oil production, import and consumption trends and compares these with overall trends in the European Communities. An explanation of the way in which oil is marketed in Spain makes reference to data on Spain's refining capacity and pipeline network, deemed to be amongst the most complete and modern in Europe. Comments are also made on the efficacy of Spain's national energy policies which stress energy source diversification to lessen this country's heavy dependence on foreign supplied oil

Alberta oil sands crudes : upgrading and marketing

International Nuclear Information System (INIS)

Ashar, M.

2008-01-01

Open pit mining and in situ techniques, such as steam stimulation, are used to recover Alberta's bitumen and heavy oil resources, which have higher viscosities than conventional hydrocarbons. The bitumen is typically upgraded to synthetic crude oil (SCO). In the simplest processing scheme, the bitumen is blended with diluent for ease in pipeline transport and then processed at refineries with upgrading facilities. The bitumen is also upgraded to light SCO at world-scale upgraders in Alberta. The SCO is then processed at refineries in downstream markets. The 2 categories of upgrading, notably primary and secondary upgrading, were described in this article along with technology options for both categories. Slurry hydrocracking is regarded as the most interesting emerging residual fuel upgrading technology. It combines special catalyst mixes with the latest slurry reactor designs as well as innovative catalyst capture and recycle schemes to produce very high conversions and potentially superior upgrading economics. The increase in volume and rate of SCO from Alberta provides refiners in the oil sands marketing sector an unprecedented choice of opportunities to improve profitability. Key trends indicate that production will increase substantially from 2008 to 2030. 5 figs

Alberta oil sands crudes : upgrading and marketing

Energy Technology Data Exchange (ETDEWEB)

Ashar, M. [Suncor Energy, Fort McMurray, AB (Canada)

2008-05-15

Open pit mining and in situ techniques, such as steam stimulation, are used to recover Alberta's bitumen and heavy oil resources, which have higher viscosities than conventional hydrocarbons. The bitumen is typically upgraded to synthetic crude oil (SCO). In the simplest processing scheme, the bitumen is blended with diluent for ease in pipeline transport and then processed at refineries with upgrading facilities. The bitumen is also upgraded to light SCO at world-scale upgraders in Alberta. The SCO is then processed at refineries in downstream markets. The 2 categories of upgrading, notably primary and secondary upgrading, were described in this article along with technology options for both categories. Slurry hydrocracking is regarded as the most interesting emerging residual fuel upgrading technology. It combines special catalyst mixes with the latest slurry reactor designs as well as innovative catalyst capture and recycle schemes to produce very high conversions and potentially superior upgrading economics. The increase in volume and rate of SCO from Alberta provides refiners in the oil sands marketing sector an unprecedented choice of opportunities to improve profitability. Key trends indicate that production will increase substantially from 2008 to 2030. 5 figs.

How important are national companies for oil and gas sector performance? Lessons from the Bolivia and Brazil case studies

International Nuclear Information System (INIS)

Paz Antolín, María José; Ramírez Cendrero, Juan Manuel

2013-01-01

Control of natural resources, especially oil and gas, has been a major issue in the consideration of underdevelopment. In the present commodity boom, some Latin American economies are reforming their resource exploitation regimes, especially those issues linked with foreign capital share. The purpose of this report is to analyze these changes in the Bolivian and Brazilian oil and gas sectors in order to answer such questions as: Which property system combining public and private capital is the most suitable? Which regulating framework can guarantee a sustainable increase in output and investment? Our analyses lead to the conclusion that the regulatory framework can establish a particular ownership structure that is considered favorable for improving the performance of oil and gas sector, but the internal dynamics and the historical trajectories of enterprises will also be determining factors that interact with the given regulatory framework, generating mixed results. - highlights: • We analyze the influence of the regulatory framework in the growth of production. • We analyze the influence of the regulatory framework in investment dynamics. • We compare the regulatory frameworks for Brazil and Bolivia. • We compare the importance of public and private companies in hydrocarbons in Brazil and Bolivia

Sectoral approaches establishment for climate change mitigation in Thailand upstream oil and gas industry

International Nuclear Information System (INIS)

Chaiyapa, Warathida; Esteban, Miguel; Kameyama, Yasuko

2016-01-01

Understanding the upstream oil and gas (O&G) industry's responses to climate change and what factors can be influential to trigger their mitigation strategies is crucial for policy-makers to harness the huge resources that this industry can mobilize towards environmental protection. Considering that individual climate change efforts are unlikely to affect global mitigation paths, the study investigates the possibility that sectoral approaches can help in the reduction of greenhouse gas emissions, using Thailand as a case study. It conducted online questionnaire surveys and semi-structured interviews to acquire primary data from companies and key informants from the government, NGOs, NPOs and academics. The results suggested that, among three possible groups of factors that could affect company decisions on whether to promote sectoral approaches, domestic politics (particularly the Thai government) is the most important, though other factors also play important and interrelated roles. The most welcomed type of scheme that could be envisaged would appear to be a sectoral agreement between government and industry. Finally, the authors provide two main policy recommendations, namely the establishment of an industrial association of O&G companies and for it to target how to start looking at measures to reduce greenhouse gas emissions amongst large companies in the sector. - Highlights: •Examining the possibility of establishing a sectoral approach Thailand's upstream O&G industry. •Analytical framework was constructed to ascertain most influential factors. •Questionnaires and interviews were employed with companies, government, NGOs and academic. •Domestic politics is the most determining factor, but other factors have strong interrelation. •Sectoral agreement between government and industry is the most likely scheme to be established.

Data as an asset: What the oil and gas sector can learn from other industries about “Big Data”

International Nuclear Information System (INIS)

Perrons, Robert K.; Jensen, Jesse W.

2015-01-01

The upstream oil and gas industry has been contending with massive data sets and monolithic files for many years, but “Big Data” is a relatively new concept that has the potential to significantly re-shape the industry. Despite the impressive amount of value that is being realized by Big Data technologies in other parts of the marketplace, however, much of the data collected within the oil and gas sector tends to be discarded, ignored, or analyzed in a very cursory way. This viewpoint examines existing data management practices in the upstream oil and gas industry, and compares them to practices and philosophies that have emerged in organizations that are leading the way in Big Data. The comparison shows that, in companies that are widely considered to be leaders in Big Data analytics, data is regarded as a valuable asset—but this is usually not true within the oil and gas industry insofar as data is frequently regarded there as descriptive information about a physical asset rather than something that is valuable in and of itself. The paper then discusses how the industry could potentially extract more value from data, and concludes with a series of policy-related questions to this end. -- Highlights: •Upstream oil and gas industry frequently discards or ignores the data it collects •The sector tends to view data as descriptive information about the state of assets •Leaders in Big Data, by stark contrast, regard data as an asset in and of itself •Industry should use Big Data tools to extract more value from digital information

Sector profile: Petroleum sector in Cuba

International Nuclear Information System (INIS)

1990-02-01

The Cuban oil industry started in 1860 when an oil well was drilled in Matanzas province. About 200 wells were drilled up until 1959. In the past 30 years, the oil industry has become a priority sector; in 1985-1990, about US$500 million were invested in the industry, with increases in exploration and well drilling activity. Recently completed works include pipelines and a supertanker terminal. About 10 million tons of oil are imported annually and local production averages about 800,000 metric tons per year. Most of the oil found in Cuba so far is of the heavy type, as found in western Canada. There are about 10 small and medium-sized oil deposits, mainly located in the north. The most promising oil field is at Varadero, whose characteristics are similar to the Cold Lake field in Alberta. Cuban oil refining capacity is over 7.6 million metric tons per year, and additional capacity is being constructed. All imports of oil industry equipment are conducted via state trading agencies. Export opportunities of interest to Canadian companies are outlined, along with monetary constraints affecting imports to Cuba, financing and export insurance programs available to Canadian companies, and recommendations to Canadian exporters. A list of industry/government contacts is included

Energy sector in Ecuador: Current status

International Nuclear Information System (INIS)

Pelaez-Samaniego, M.R.; Garcia-Perez, M.; Cortez, L.A.B.; Oscullo, J.; Olmedo, G.

2007-01-01

This paper describes the current energy sector in Ecuador, its present structure, the oil industry, subsidies, and renewable energy, focusing on the evolution and reform of the electricity sector. Currently, 86% of the primary energy originates from nonrenewable sources. In 2005, the gross electricity generation was 15 127 GWh (45.5% hydropower, 43.11% thermal, and 11.39% imported). Ecuador is the fifth largest oil producer in South America but lacks sufficient oil refining capacity. Reserves of natural gas (NG) are small, and most of NG is produced from oil fields without energy recovery. Several projects are underway to increase the utilization of NG and renewable energies to meet Ecuador commitments to the Kyoto Protocol

The Canadian refining Industry : The circle of influence

International Nuclear Information System (INIS)

Burton, W.R.

1998-01-01

Examples of how the downstream petroleum industry is influenced by events in the upstream petroleum sector were presented. In order to survive, Canadian refiners (downstream petroleum) must remain competitive with their domestic counterparts, with the U.S. and with offshore refiners who can import products into key Eastern markets. The downstream sector has little choice but to focus on crude costs and flexibility to try to improve the profitability of its operations. In Canada, the supply of both conventional and bitumen crude oil has increased significantly. This change in the supply and demand balance has had a definite impact on prices. Ample Canadian heavy crude supply has caused refiners to adjust their operations to take advantage of lower-cost crude oil. The result has been the announcement of several large-scale projects, such as for example Shell Oil's construction of an upgrader at their Scotsford plant. The North American pipeline system is the link between the upstream supply and the downstream demand. New pipeline projects have allowed increased supplies of Canadian heavy crude to gain access to new markets. It was emphasized that the downstream sector provides feedback to the upstream sector that influences producers when they plan their exploration, development and production activities. The picture in light crude production is the reverse of heavy crude oil production, i.e. Canadian light crude supply declined 4 per cent in 1996 from the average of the previous three years. This decline has given synthetic crude oil facilities like Syncrude and GCOS the chance to expand their production to offset a portion of the inland crude supply shortfall. 5 figs

The competitive environment for oil and gas financing

International Nuclear Information System (INIS)

Humphries, M.E.

1995-01-01

The international oil and gas industry has always required access to external capital - debt and equity -in order to finance growth and the development of oil and gas projects. Today the industry faces an unprecedented number of investment opportunities and demands at a time when internally generated cash flows, historically the primary source of capital for most companies, is depressed. The underlying premise of this paper is that while the capital requirements of the industry in the next decade are likely to be in excess of the US$1 trillion spent during the last decade, capital, both internally generated and from external sources, will be available. However, restrictions on the allocation and the cost of capital will be crucial in determining which projects and companies are successful. The capital requirements of the next decade to maintain current oil production levels, replace reserves, fund exploration and development in the frontier areas and meet the environmental challenges of the downstream sector, call upon both the industry and the financial community to create innovative financial structures which ensure that capital is made available on terms which meet the requirements of both borrowers and lenders. (author)

China's oil use, 1990-2008

International Nuclear Information System (INIS)

Leung, Guy C.K.

2010-01-01

Over the past two decades, China's oil demand has risen steeply. In 1990, it was only about 25% higher than that of 1978, the year economic reform was introduced. By 2008, it had reached 396.0 million tons, roughly four times the 1978 level, making China the second largest oil user worldwide. The country became a net oil importer in 1993, and between 1993 and 2008, its net import dependency - a yardstick for energy security - soared from 7.5% to 50.0%. China's increased demand for oil has made the country a global energy player of critical importance. Although the literature on the global implications of China's oil use has proliferated, relatively few studies have attempted to examine ''how China uses oil.'' Hence, this study covers every oil-consuming facility and sector in China, exploring the patterns of, and factors involved in, oil demand by power plants, oil refineries, heat plants and, gas-works, and industrial, transport, agricultural, household and commercial sectors. It concludes that in virtually all sectors in China, oil demand will grow, with transport and industry leading the way. (author)

Las empresas latinoamericanas del sector del petróleo y gas ante la información sobre sostenibilidad. Latin American oil and gas corporations and the sustainability information.

Directory of Open Access Journals (Sweden)

Arturo Haro de Rosario

2016-04-01

Full Text Available Resumen: El sector del petróleo y gas es un sector económico estratégico con repercusiones a escala global. Sin embargo, una de las principales limitaciones de esta industria radica en las características de las regiones en las que opera, ya que a menudo se trata de zonas geográficas de elevada importancia bioclimática, zonas con poblaciones indígenas o sectores rurales sumidos en la pobreza. Esto ha generado que los stakeholders presten cada vez más atención a las implicaciones sociales, naturales y económicas de las actividades del sector del petróleo y gas. Así las cosas, teniendo en cuenta que los países latinoamericanos cuentan con las mayores reservas convencionales mundiales de petróleo, el presente artículo tiene como objetivo cuantificar la información voluntaria sobre sostenibilidad que divulgan las empresas petroleras y gasíferas que operan en Latinoamérica.   Abstract:  The oil and gas sector is a strategic area of the economy with global repercussions. This industry faces a major handicap, namely the characteristics of the regions in which it operates, which are often geographic areas of great bioclimatic importance, or inhabited by indigenous populations, or comprised of very low income rural sectors. In response, stakeholders are paying ever greater attention to the social, natural and economic consequences of oil and gas sector activities. Taking into consideration that Latin American countries possess the largest conventional oil reserves in the world, this paper aims to quantify the sustainability information disclosed voluntarily by oil and gas companies operating in Latin America.

The protests in Zhanaozen and the Kazakh oil sector: Conflicting interests in a rentier state

Directory of Open Access Journals (Sweden)

Dossym Satpayev

2015-07-01

Full Text Available The article analyzes the impact of the oil and gas industry on the socio-political stability in Kazakhstan. The first part will look at the role of the industry for the development of the country with a special focus on the political risks that might result from the orientation towards raw material production. The relationship between business and politics will be examined as well as the management model of the energy sector and the impact of corruption on social and political stability. The second part of the article will focus on the population's attitude towards public protests and aims to explain why the willingness to participate in protests has been rising. A case study on the protests of oil industry workers in the city of Zhanaozen in December 2011 will be presented in order to better understand the causes of the protests, the demands of the protesters and the relationship between state and society. The article concludes with a summary of results and an outlook for the development of the oil and gas industry and socio-political stability in Kazakhstan.

Health and wellness trends in the oil and gas sector : insights from the Shepell-fgi Research Group

Energy Technology Data Exchange (ETDEWEB)

NONE

2009-07-01

This report discussed health and wellness trends in the oil and gas sector in relation to employee assistance program (EAP) data. The data were derived from oil and gas client organizations across Canada for 2008, and represented a population base of 14,685 employees. The data demonstrated that EAP utilization in the petroleum industry increased by approximately 5 per cent from 2006 to 2008. The sector's utilization was 34 per cent higher than the Canadian norm in 2006, and 40 per cent higher than in 2007 and 2008. Females used the EAP to a greater extent than males. A higher proportion of the spouses of workers accessed EAP than the national norm. Employees accessed EAP for assistance with work-life issues; family support services; and substance abuse interventions. Weight management and dietary consultations in relation to disease control were also of concern within the sector. A 66 per cent increase in childcare issues was noted, as well as a 148 per cent increase in eldercare issues, and a 112 per cent increase in addiction issues. The findings indicated that the EAP is being effectively communicated as a relevant and accessible tool. As the industry continues to develop in remote regions, new services and resources will be required to retain existing workforces and attract new employees. Prevention-focused training and services and program for at-risk groups are needed to ensure that employee health and productivity is maintained. 1 tab., 4 figs.

China's oil market and refining sector

International Nuclear Information System (INIS)

Yamaguchi, N.D.; Fridley, D.G.

2000-01-01

The article assesses the future for China's oil industry as the country makes the transition from a command economy to an international market. China has one of the world's biggest oil industries and recent years have seen much growth in exploration and development, refining capacity and trade. China is more and more dependent on oil imports and is now a major international player; it has attracted much outside investment. Diagrams show (i) how coal dominates other sources of energy in China; (ii) crude production 1977-1998; (iii) how Middle East crudes now dominate Chinese crude imports; (iv) the growth of petroleum demand in China; (v) the Chinese demand for petroleum products; (vi) the growth in transport fuels; (vii) Chinese product imports: import ban targeted diesel; (viii) crude imports favoured over product imports and (ix) refinery capacity and throughput. The changes are expected to result in further integration into international markets, increased transparency and a healthier oil business

General overview of the Mexican energy sector

International Nuclear Information System (INIS)

Perez-Jacome, D.

1999-01-01

An overview of Mexico's energy sector was presented, with particular focus on the natural gas and electricity sectors. Mexico ranks fifth in oil production, eighth in proven oil reserves, and fourteenth in natural gas reserves. In 1998, the energy sector generated 3.3 per cent of Mexico's gross domestic product (GDP), and oil accounted for 7.5 per cent of total exports. National production of natural gas has been forecasted to grow at a rate of 5.2 per cent annually over the next 10 years. This will be largely due to the increased demand for natural gas to produce electricity. The Mexican government has also taken initiatives to restructure the Mexican energy sector with particular focus on increasing the competitiveness of the electric power industry. Electricity demand is also expected to grow at a rate of 6 per cent annually over the next six years. The objectives of energy reform are to promote more investment from all sectors in order to strengthen the development of the electric power industry and to provide a reliable, high quality service at competitive prices. 9 figs

Estimation of Methane from Hydrocarbon Exploration and Production in India

OpenAIRE

A. K. Pathak; K. Ojha

2012-01-01

Methane is the second most important greenhouse gas (GHG) after carbon dioxide. Amount of methane emission from energy sector is increasing day by day with various activities. In present work, various sources of methane emission from upstream, middle stream and downstream of oil & gas sectors are identified and categorised as per IPCC-2006 guidelines. Data were collected from various oil & gas sector like (i) exploration & production of oil & gas (ii) supply through pipel...

The role of the European Bank in the energy sector

International Nuclear Information System (INIS)

Coleman, John

1994-01-01

The European Bank for Reconstruction and Development was established in 1991 and is owned by the western industrialized countries, including Canada, and the former communist countries of Europe and Central Asia. Its purpose is to assist the latter to make the transition from command to market economies in a democratic framework. In the energy sector, most of the EBRD's lending has been in the oil and gas sector in Russia, but it is open for business in other sectors and in all countries of operation. Unlike other development banks, the EBRD is prepared to finance nuclear power projects. The bank is also prepared to finance conventional power plants where these would permit the closure of obsolete or unsafe nuclear plants. In the oil and gas sector, most of the EBRD's lending has related to private sector, joint venture projects aimed at oil field rehabilitation and development. The private sector ventures supported by the Bank normally involve joint stock companies owned 50 per cent by western partners and 50 per cent by Russian state oil companies, which are being privatized or are operating according to private sector principles. (author)

Changes in productivity in the virgin olive oil sector: An application to Protected Designations of Origin in Spain

Energy Technology Data Exchange (ETDEWEB)

Aparicio, J.; Monge, J.F; Ortiz, L.; Pastor, J.T.

2016-11-01

Virgin olive oil is a key ingredient of the renowned Mediterranean diet. In this context, the main objective of this study was to estimate and decompose productivity change for Protected Designations of Origin (PDOs) in the Spanish virgin olive oil sector for the period 2008-2013. To this end, we introduced a Luenberger-type indicator based on a specific weighted additive model in Data Envelopment Analysis (DEA), which, in contrast to previous studies, captured all sources of inefficiency and avoided infeasibilities. Regarding the results, we found a reduction in productivity, in average terms, in the first periods analyzed (-0.12 and -1.65), followed by an improvement (0.79 and 0.54), that in the last period analyzed (2012-2013), however, returned to adverse figures (-0.47). In Spain, where foreign competition is weak, the most productive PDOs were those with an important number of oil mills and packaging/marketing companies such as “Montes de Toledo” and “Siurana”; productivity changes were mainly the consequence of downwards and upwards of the frontier of the technology over time. These changes were explained, to a certain extent, by the evolution of the economic crisis; and the productivity of the sector declined, in general, from 2008 to 2010, improving thereafter except for the last registered period, 2012-2013, where expectations for market recovery exceeded actual sales. (Author)

Changes in productivity in the virgin olive oil sector: An application to Protected Designations of Origin in Spain

Directory of Open Access Journals (Sweden)

Juan Aparicio

2016-08-01

Full Text Available Virgin olive oil is a key ingredient of the renowned Mediterranean diet. In this context, the main objective of this study was to estimate and decompose productivity change for Protected Designations of Origin (PDOs in the Spanish virgin olive oil sector for the period 2008-2013. To this end, we introduced a Luenberger-type indicator based on a specific weighted additive model in Data Envelopment Analysis (DEA, which, in contrast to previous studies, captured all sources of inefficiency and avoided infeasibilities. Regarding the results, we found a reduction in productivity, in average terms, in the first periods analyzed (-0.12 and -1.65, followed by an improvement (0.79 and 0.54, that in the last period analyzed (2012-2013, however, returned to adverse figures (-0.47. In Spain, where foreign competition is weak, the most productive PDOs were those with an important number of oil mills and packaging/marketing companies such as “Montes de Toledo” and “Siurana”; productivity changes were mainly the consequence of downwards and upwards of the frontier of the technology over time. These changes were explained, to a certain extent, by the evolution of the economic crisis; and the productivity of the sector declined, in general, from 2008 to 2010, improving thereafter except for the last registered period, 2012-2013, where expectations for market recovery exceeded actual sales.

Report and recommendations of the task force on tree and shrub planting on active oil sands tailings dams

Energy Technology Data Exchange (ETDEWEB)

NONE

2011-02-15

In oil sands reclamation operations in Canada there is a conflict between dam safety and the planting of trees and woody shrubs. Indeed, tree planting is being restricted on the downstream slopes of dams to avoid damage to drains and to ensure the integrity of visual and instrumentation monitoring conflicting thus with progressive reclamation. Alberta Environment hired the Oil Sands Research and Information Network (OSRIN), an independent organization which analyzes and interprets available knowledge on soil and water reclamation in the oil sands mining sector, to address this issue and make recommendations. The organization appointed a Task Force which presented its final report in March 2011. The Task Force recommended that the Engineer of Record should be responsible for determining the tree and shrub planting zones and that he should submit his plans to Alberta Environment for approval.

Oil use and oil dependency: Long-term issues

International Nuclear Information System (INIS)

Serot, D.E.; Belzer, D.B.; Guthrie, S.A.; Roop, J.M.

1989-06-01

The continued dependence of the United States on imported oil is a matter of increasing concern. Under the direction of the Department of Energy's Office of Policy Integration, Pacific Northwest Laboratory conducted a study which was to examine long-term issues related to oil dependence. Major issues addressed are (1) energy efficiency and the role of new technologies, (2) fuel switching, and (3) regional factors affecting fuel use. The study examines all major end-use sectors in the economy, covering the industrial, commercial, residential, transportation, and electric utility sectors. The potential impacts of efficiency improvements in oil- using equipment are assessed through the year 2000. 107 refs., 8 figs., 9 tabs

Prof's passion for the oil and gas sector spans four decades

Energy Technology Data Exchange (ETDEWEB)

Roche, P.

2009-04-15

This article described some of the inventions by a geological engineer and engineering professor at the University of Waterloo during his career in the oil and gas sector over the past 40 years. He began his career at the University of Alberta where his research was funded by the Alberta Oil Sands Technology and Research Authority (AOSTRA). The veteran oilfield researcher is a proponent of deep geological disposal of carbon dioxide (CO{sub 2}) and has applied for some related patents. While oily sand is not hazardous, it it not suitable for landfill disposal. An important contribution to technology by the inventor and teacher is deep-well disposal of wastes. His injection disposal technique which replaces surface disposal pits has been operating at a facility in the Duri heavy oil field in Indonesia for more than 6 years. This deep-well waste injection method disposes of tonnes of sand produced by cold heavy oil production with sand (CHOPS). However, it has not been widely adopted in western Canada due to relaxed restrictions regarding landfill disposal. Eighteen years ago, the researcher came up with the idea of deep geological conversion of biosolids into methane. Methane generation, driven by high temperatures and anaerobic bacteria, is completed a year or two after the biowaste is injected. About 40 to 50 per cent of the mass of the biosolids are left behind as elemental carbon. For every dry tonne of biosolids injected, 400 to 500 kg of carbon are sequestered. While deep well disposal is touted as being most useful in emerging nations that lack elaborate sewage treatment systems, the first pilot project of the technology took place in August 2008 in Los Angeles, California. The inventor was also involved in the startup of Edmonton-based Wavefront Energy and Environmental Services Inc. whose downhole enhanced oil recovery tool sends low-frequency pulses through the formation generating waves that dislodge more oil from the rock matrix. 1 ref., 1 fig.

Regulation aspects of the restructuring of Argentine oil and gas sector. The Brazilian experiences; Aspectos regulatorios da reestruturacao do setor de oleo e gas argentino. Experiencias a observar no caso brasileiro

Energy Technology Data Exchange (ETDEWEB)

Luczynski, Estanislau; Paula, Claudio Paiva de [Sao Paulo Univ., SP (Brazil). Programa Interunidades de Pos-Graduacao em Energia]. E-mail: stasczenco@zipmail.com.br; clpaiva@mandic.com.br

1999-07-01

During the last years, some countries have reorganized their oil and gas sector. The reforms included the opening of national basins to exploration by foreign companies, and the association of a national oil company with a foreign one. Argentina was the first country in Latin America to reform its sector. The major action was the privatisation of YPF, in 1993. Some years later Brazil also begun the process of reforming the national oil and gas sector. The first step was promulgating a new petroleum law. This law created an agency to regulate the national sector during and after the reforms. The Brazilian restructuring model is based on the foreign ones. This paper aims at discussing whether or not the weakness those foreign models could be avoided. The idea is to learn from those experiences and to propose a national reform lead by the Brazilian society instead. (author)

Opportunities for business and partnership : services sector

International Nuclear Information System (INIS)

Mendoza Fernandez, J.

1999-01-01

Mexico is one of the countries with the highest industrial growth in Latin America. This is due to its geographical location, its vast oil and gas reserves, its membership in NAFTA (North American Free Trade Agreement), and mainly because of its modern economic policies. Mexico is a country in which many opportunities for private investment in the energy sector exist. This paper discussed Bufete Industrial Construcciones' involvement and experiences in the fields of petroleum, electricity and natural gas. The goals to be achieved in the various areas of the energy sector for the 2000-2006 period were summarized for the electric sector, the natural gas sector and the oil and gas extraction sector. The 4 mega projects currently underway include the Cantarell, the Burgos, the Ku-Maloob Zaap and the Delta del Grijalva projects

Croatian Energy Sector Reform - Results Achieved

International Nuclear Information System (INIS)

Nota, R.

2001-01-01

During the past ten years, the energy sector has passed through significant changes including fundamental market, economic, legislative and institutional aspects of sector operation. As the main goal of the Republic of Croatia is the integration into the European Union, the energy sector reform ought to be conducted in keeping with the present market development processes of the EU in such a way as to fulfil all safety criteria. In view of the above mentioned, the Croatian Parliament brought a number of laws during its session in July 2001 (''Official Gazette'' 68/01): 1. Energy Law 2. Energy Activities Regulation Law 3. Electricity Market Law 4. Gas Market Law 5. Oil and Oil Derivatives Market Law, which present the commencement of the energy sector reform (www.mingo.hr).(author)

Economic effects of peak oil

International Nuclear Information System (INIS)

Lutz, Christian; Lehr, Ulrike; Wiebe, Kirsten S.

2012-01-01

Assuming that global oil production peaked, this paper uses scenario analysis to show the economic effects of a possible supply shortage and corresponding rise in oil prices in the next decade on different sectors in Germany and other major economies such as the US, Japan, China, the OPEC or Russia. Due to the price-inelasticity of oil demand the supply shortage leads to a sharp increase in oil prices in the second scenario, with high effects on GDP comparable to the magnitude of the global financial crises in 2008/09. Oil exporting countries benefit from high oil prices, whereas oil importing countries are negatively affected. Generally, the effects in the third scenario are significantly smaller than in the second, showing that energy efficiency measures and the switch to renewable energy sources decreases the countries' dependence on oil imports and hence reduces their vulnerability to oil price shocks on the world market. - Highlights: ► National and sectoral economic effects of peak oil until 2020 are modelled. ► The price elasticity of oil demand is low resulting in high price fluctuations. ► Oil shortage strongly affects transport and indirectly all other sectors. ► Global macroeconomic effects are comparable to the 2008/2009 crisis. ► Country effects depend on oil imports and productivity, and economic structures.

The oil and oil services industry international context 2008

International Nuclear Information System (INIS)

Serbutoviez, S.; Silva, C.

2008-11-01

Oil companies rarely do their own major work within the framework of their investments or in the operation of their facilities. They most often act as project coordinators, thereby opening up a vast market for equipment, services and engineering, involving many companies of widely-varying sizes, which constitute the oil services industry. This document provides a panorama of the international oil context in three distinct parts, for 2007, for the first three quarters of 2008, and aspects of trends for 2009. - The first part is devoted to a rapid description of the oil context and the economic environment in which it is evolving. - The second part examines the evolution of world investment in exploration-production (E and P) activities, distinguishing the investments made by oil and oil product/service companies throughout the E and P chain from the more targeted ones of three specific sectors: seismic, drilling and the construction of offshore production equipment. These markets are observed exclusively for oil product/service companies. - The last part is devoted to investments in the refining sector, focusing on the changes in the fundamentals, particularly the equilibrium between refining capacities and medium- term oil demand. This latter analysis involves both oil and oil product/service companies. (authors)

Examination of Ghana's oil sector: need for a new paradigm of oil ...

African Journals Online (AJOL)

The objective of this research paper is to address the issue of oil revenue management in Ghana for sustainable socio-economic development, as a model for emerging oil producing nations in West Africa. To meet its objectives, the research was designed to answer some questions pertaining to oil revenue management.

The Petroleum Sector in Latin America: Reforming the Crown Jewels - CERI Studies No. 88

International Nuclear Information System (INIS)

Palacios, Luisa

2002-09-01

This paper studies the institutional transformation of Latin America's oil sector. It discusses specific policy choices and the timing of reforms in this industry. Latin American countries present different models of openness and energy-sector dynamics, and allow for an analysis of the liberalization process from a range of points of view: that of an importer (Brazil), of a historically self-sufficient country (Argentina) and of oil exporters (Mexico and Venezuela). The degree of dependence on oil revenues has proven in general to be negatively correlated with the level of openness of the oil sector. That is, countries more dependent on their oil sector for foreign and fiscal revenues tend to be less liberalized and open to private investment. This principle also holds true in Latin America: oil importers and self-sufficient countries like Argentina, Peru, Bolivia and Brazil indeed have oil industries that are relatively more open to private sector participation than those of the oil exporters in the region (Venezuela, Colombia, Ecuador and Mexico). However, different levels of openness exist within these general categories of importers and exporters. This paper will further argue that differences among countries in the same category are a function of the strategic and financial position prior to reform of their respective National Oil Companies (NOC), which is in turn related to the institutional evolution of the oil industries in these countries. (author)

Oil Politics and National Security in Nigeria

Science.gov (United States)

2010-12-01

Oil Transparency in the Niger Delta: Improving Public Sector Oil Derived Resource Flows and Utilization in Abia State, Nigeria,” Economies of...against the nine states officially recognized i.e. they exclude Ondo, Abia , and Imo states from being part of the Delta region (figure 1). 125 BBC...Peterside Sofiri Dr, “Oil Transparency in the Niger Delta: Improving Public Sector Oil Derived Resource Flows and Utilization in Abia State, Nigeria

The Rise and Decline of U.S. Private Sector Investments in Energy R&D since the Arab Oil Embargo of 1973

Energy Technology Data Exchange (ETDEWEB)

Dooley, James J.

2010-11-01

This paper presents two distinct datasets that describe investments in energy research and development (R&D) by the US private sector since the mid1970s, which is when the US government began to systematically collect these data. The first dataset is based upon a broad survey of more than 20,000 firms’ industrial R&D activities. This broad survey of US industry is coordinated by the US National Science Foundation. The second dataset discussed here is a much narrower accounting of the energy R&D activities of the approximately two dozen largest US oil and gas companies conducted by the US Department of Energy’s Energy Information Agency. Even given the large disparity in the breadth and scope of these two surveys of the private sector’s support for energy R&D, both datasets tell the same story in terms of the broad outlines of the private sector’s investments in energy R&D since the mid 1970s. The broad outlines of the US private sector’s support for energy R&D since the mid 1970s is: (1) In the immediate aftermath of the Arab Oil Embargo of 1973, there is a large surge in US private sector investments in energy R&D that peaked in the period between 1980 and 1982 at approximately $3.7 billion to $6.7 billion per year (in inflation adjusted 2010 US dollars) depending upon which survey is used (2) Private sector investments in energy R&D declined from this peak until bottoming out at approximately $1.8 billion to $1 billion per year in 1999; (3) US private sector support for energy R&D has recovered somewhat over the past decade and stands at $2.2 billion to $3.4 billion. Both data sets indicate that the US private sector’s support for energy R&D has been and remains dominated by fossil energy R&D and in particular R&D related to the needs of the oil and gas industry.

Determinants of energy sector performance in Iraq, 2003 to 2005

International Nuclear Information System (INIS)

Tiedemann, K.H.

2007-01-01

Iraq's energy sector was rehabilitated from 2003 to 2005. The focus of rehabilitation was on restoring Iraq's electricity and oil infrastructure to pre-war production levels; delivering electricity and refined fuels for domestic consumption; and delivering electricity and oil security. This paper provided an analysis of the impact of Coalition efforts and insurgent activities on energy sector performance using time-series models. The paper presented a simple three-equation model consisting of an insurgent attack equation, an investment equation, and production function. The paper also discussed the phases of the insurgency in Iraq, with particular reference to the beginning of the insurgency; initial bombing campaign; escalation of the insurgency; and intra-Iraqi conflict. Key energy sector indicators and regression results were also presented for oil production; diesel production; gasoline production; oil exports; and production and consumption of electricity. It was concluded that expenditures by the United States on oil infrastructure appear to have been relatively efficiently spent. 16 refs., 9 tabs

Canada's hydrogen energy sector

International Nuclear Information System (INIS)

Kimmel, T.B.

2009-01-01

Canada produces the most hydrogen per capita of any Organization of Economic Cooperation and Development (OECD) country. The majority of this hydrogen is produced by steam methane reforming for industrial use (predominantly oil upgrading and fertilizer production). Canada also has a world leading hydrogen and fuel cell sector. This sector is seeking new methods for making hydrogen for its future energy needs. The paper will discuss Canada's hydrogen and fuel cell sector in the context of its capabilities, its demonstration and commercialization activities and its stature on the world stage. (author)

The prices of the oil sector; from competition to collusion: risks and benefits, in the Colombian energy market

International Nuclear Information System (INIS)

Perez Bedoya, Edigson

1996-01-01

The topic that has been presented for time one comes only analyzing as a result of the variations of the international prices of the raw one, which are owed in great measure to the stimulus of uses of new and better energy alternatives but that it complete the principle of the minimum cost, maximum benefit. From this perspective is en routed the development of the Colombian energy sector. The exercise that thinks about, is to present the notions and basic applications of a collusion model inside the oil market that analyzed it could be an alert voice for some of the managers of the private sector that ignoring some elements of the theory of games can incur in some mistakes in the energy market

Oil and gas financing by the World Bank

International Nuclear Information System (INIS)

Razavi, Hossein

1995-01-01

The World Bank has developed a flexible oil and gas programme that is structured to meet the changing needs of the sector as they arise. The Bank became prominent in the oil and gas sector after the oil crises of the 1970s, when it began assisting client countries in developing their indigenous energy resources. At the beginning, Bank lending concentrated on exploration and development of hydrocarbon resources where the level of lending expanded to US$1 billion in 1983. This rapid expansion caused some concern that Bank activities might preempt those of the private sector. In response, the Bank imposed in 1984 strict limitations on petroleum exploration and oil production lending. In combination with the perception that future oil demand would be weak, this caused the lending programme to fall off sharply (to US$300 million by 1986). By 1990, the Bank was again moving actively into hydrocarbon sector lending, but then the emphasis was on promoting private sector development and supporting the development of natural gas as a substitute for coal and oil. Bank lending to the sector has been on the increase since 1990; a lending level of about US$1 billion yearly is expected for the second half of the 1990s. In addition to its direct lending, the World Bank facilitates contributions by other financiers through its cofinancing and risk mitigation arrangements. (author)

Environmental Accounting and Reporting in Fossil Fuel Sector : A Study on Bangladesh Oil, Gas and Mineral Corporation (Petrobangla)

OpenAIRE

Bose, Sudipta

2006-01-01

Petrobangla is the sole responsible organization to maintain the fossil fuel sector in Bangladesh. It is accountable to next generations for oil, gas and other natural resources. It is necessary to ensure optimum use of these resources. Development activities cannot be sustained if these resources are depleted through wasteful use. This study indicates that Petrobangla takes many initiatives to provide environment-friendly energy in the economy. Environmental Accounting and reporting is th...

Potential contribution of bioethanol fuel to the transport sector of Vojvodina

International Nuclear Information System (INIS)

Dodic, Sinisa N.; Popov, Stevan D.; Dodic, Jelena M.; Rankovic, Jovana A.; Zavargo, Zoltan Z.

2009-01-01

The Autonomous Province of Vojvodina is an Autonomous Province in Serbia and it is an energy-deficient country. The indigenous reserves of oil and gas are limited and the country is heavily dependent on the import of oil. The oil import bill is a serious strain on the country's economy and has been deteriorating the balance of payments situation. The country has become increasingly more dependent on fossil fuels and its energy security hangs on the fragile supply of imported oil that is subject to disruptions and price volatility. The transport sector has a 26% share in the total commercial energy consumption in Vojvodina. About 0.62 million tons of gasoline were consumed by this sector in 2008. Gasoline consumption in the transport sector is also a major source of environmental degradation especially in urban areas. Consequently, Vojvodina needs to develop indigenous, environment-friendly energy resources, such as bioethanol, to meet its transport sector's energy needs. Vojvodina produces about 3 million tons of sugar beet every year. There is a vast potential for bioethanol production from molasses of sugar beet in the country. Bioethanol can be used in transport sector after blending with gasoline, in order to minimize gasoline consumption and associated economical and environmental impacts. This paper presents the assessment of the potential contribution of bioethanol in the transport sector of Vojvodina. It is concluded that 20% of annual gasoline consumption in transport sector could be met from ethanol by the year 2026. (author)

An assessment of investment projects in terms of gas and oil sectors of Ukraine’s and Russia’s industry

Directory of Open Access Journals (Sweden)

Iryna Dzebykh

2010-12-01

Full Text Available This article considers the assessment of investment projects with the usage of characteristic examples, taken from gas and oil sectors of the industries, which are of crucial importance for the economies of Ukraine and Russia. These branches of industry are characterized by insufficient definition and complicacy, which necessitates the financial analysis of these sectors in Ukraine and Russia, especially if it is made for the assessment of the investment projects. In the long-term investment budget planning of the company the financial analysis is carried out to determine the investment possibilities, the value of which for the company is more than the money necessary for the ensurance of such possibilities. A few proposed methods can help specialist-analysts to take right decisions concerning investments.

Labour market assessment of the offshore oil and gas industry supply and service sector in Newfoundland and Labrador

International Nuclear Information System (INIS)

2003-09-01

The Petroleum Industry Human Resource Committee (PIHRC) commissioned this study in December 2002 to develop a profile of the labour demand and supply for the upstream production phase of the offshore oil and gas industry. Interviews with representatives from more than 45 countries in the offshore oil and gas sector in Newfoundland and Labrador were conducted. In addition, the results of a mail survey forwarded to an additional 42 companies were included along with a review of secondary labour market research. More than 340 positions were identified in the production phase in the study. Of these, approximately 80 were identified as difficult to recruit for a variety of reasons including: insufficient experience in the oil industry; occupational shortages; short-term or project employment opportunities; very limited employment opportunities and limited occupational supply; lack of specific occupational training programs; and additional projects possibly leading to occupational shortages. The study provided valuable input concerning future labour market and human resource planning and career counselling on the 340 positions previously identified. 10 tabs

Labour market assessment of the offshore oil and gas industry supply and service sector in Newfoundland and Labrador

Energy Technology Data Exchange (ETDEWEB)

NONE

2003-09-01

The Petroleum Industry Human Resource Committee (PIHRC) commissioned this study in December 2002 to develop a profile of the labour demand and supply for the upstream production phase of the offshore oil and gas industry. Interviews with representatives from more than 45 countries in the offshore oil and gas sector in Newfoundland and Labrador were conducted. In addition, the results of a mail survey forwarded to an additional 42 companies were included along with a review of secondary labour market research. More than 340 positions were identified in the production phase in the study. Of these, approximately 80 were identified as difficult to recruit for a variety of reasons including: insufficient experience in the oil industry; occupational shortages; short-term or project employment opportunities; very limited employment opportunities and limited occupational supply; lack of specific occupational training programs; and additional projects possibly leading to occupational shortages. The study provided valuable input concerning future labour market and human resource planning and career counselling on the 340 positions previously identified. 10 tabs.

Oil investment in Latin America

International Nuclear Information System (INIS)

Kielmas, M.

1994-01-01

In the early 1990s Latin America became a favoured target for foreign investors as one of the side-effects of the collapse of communism in Eastern Europe and the Soviet Union. The reason is linked to macroeconomic reforms in Latin America and the failure of equivalent reforms in the former communist countries. Latin American state-owned-oil companies have been welcomed as borrowers on the international financial markets. Simultaneously private sector investment in the oil industry has increased. This chapter examines nationalisation and the state oil companies, the financing of the state sector, privatisation, the boosting of oil exploration and security issues. The sustainability of the economic reforms in the region is discussed. (UK)

Power without manpower: Forecasting labour demand for Estonian energy sector

International Nuclear Information System (INIS)

Meriküll, Jaanika; Eamets, Raul; Humal, Katrin; Espenberg, Kerly

2012-01-01

As energy demand and prices continue to grow, oil shale might help mitigate the energy crisis—it can widely be found all over the world but so far has not been widely used. Estonia is unique in the world for producing a large majority of energy out of oil shale and has been set as an example in numerous papers covering oil shale deposits, technology etc. This paper is the first to analyse oil shale energy related workforce and provides scenario forecasts of the labour demand for the Estonian energy sector in 2010–2020. The contribution of the paper is twofold. First, the paper provides a valuable insight into oil shale energy related workforce, enabling to take into consideration the educational needs in countries where oil shale industry might be set up. Second, methodology-wise, the paper relates labour demand and supply to different scenarios of energy production capacities. The results illustrate problems related to aging of the workforce in energy production. If the existing trends continue in educational attainment in Estonia, there will be a serious shortage of high-skilled engineering and manufacturing specialists. Our method provides a simple yet reliable enough way to check for such problems early enough. - Highlights: ► This paper analyses oil shale energy related workforce and provides scenario forecasts. ► This is the first study to investigate the workforce related to oil shale energy production. ► The main workforce-related problem in the sector is ageing of the workforce. ► Workers immigrating to the sector during the Soviet times are at the retirement age. ► There will be a serious shortage of engineers for energy sector in the near future.

Evolution of the economic importance of the oil and gas industrial sector in Brazil: impacts on macroeconomic indicators; Evolucao da importancia economica da industria de petroleo e gas natural no Brasil: contribuicao a variaveis macroeconomicas

Energy Technology Data Exchange (ETDEWEB)

Canelas, Andre Luis de Souza

2007-06-15

This thesis analyzes the evolution of the macroeconomic importance of the oil and gas sector in Brazil, in the recent years, which is represented by its contribution to the macroeconomic indicators, which are: GDP, Investment, Foreign Direct Investment, Trade Balance, Tax Revenue, Jobs, Wages and Inflation. The results found indicate that the oil and gas sector has a relevant contribution to the values of the Brazilian GDP, total amount of investment, total amount of foreign direct investment, tax revenue, inflation and trade balance, whereas this sector has a less relevant impact for the creation of jobs and wages in Brazil. (author)

Upstream oil and gas. Subsector no. 7: Oil and gas exploration and development 1995 to 1999

Energy Technology Data Exchange (ETDEWEB)

NONE

2000-08-01

Prepared by the Alberta Human Resources and Employment, this report provides a summary of the lost-time injuries and disease descriptions of workers injured while employed in the upstream oil and gas industries in Alberta during the period 1995 to 1999. The report includes the characteristics of the injured worker and the risk of injury to workers in the industries in Alberta, as well as the cost of injuries and revenue by means of total premiums paid by the employers. The occupational fatalities that were accepted by the Workers Compensation Board and investigated by the Occupational Health and Safety were summarized in the report along with a brief description of the injuries. The aim was to provide information concerning health and safety issues to government, employers, workers, and health and safety officers in the industries in Alberta about health and safety issues. The focus was placed on the oil and gas exploration and development sub-sector. Defined as all upstream oil field activities of employers which generate revenue from the production and sale of crude oil and/or natural gas, the sub-sector comprises major integrated oil and gas companies and small independent producers. In those cases where the owner/producer operates its own upstream production/processing facilities, they form an integral part of this sub-section. In addition, oil and gas marketing firms are included. Oil/gas well, well head equipment; flow lines/gathering systems tied into field processing facilities; battery sites/compressors stations; crude oil separators and natural gas dehydrators/treaters; natural gas/sulfur processing plants; heavy oil projects including steam generation; and other enhanced recovery methods are all included in the sub-sector. The other sub-sectors in the upstream oil and gas industries are: exploration, oilfield maintenance and construction, well servicing with service rigs and power swivels, drilling of oil and gas wells, oilfield downhole and other

Japan's oil market and refining sector

International Nuclear Information System (INIS)

Yamaguchi, N.D.

2002-01-01

The present economic situation in Japan is discussed. In particular, the focus is on fluctuations in oil product demand, imports of crude oil, and the refining industry. Throughout the 1990s, Japan was plagued by a volatile economy and the new millennium has shown no improvement. A prolonged recession means that the country now has little confidence in its leaders and its institutions, consumer confidence is low and asset values have deflated. Due to a low birth rate and long life expectancy, the population is aging and this means lower savings rates. The contrast between the present situation and the so-called economic miracle once enjoyed by the Japanese is hard to accept, but despite all this, the Japanese lifestyle and economy are to be envied

Oil and power: Iraq at the crossroads

International Nuclear Information System (INIS)

Enay, P.

1995-11-01

Oil and Power: Iraq at the Crossroads is the first analysis which specifically addresses the oil sector in Iraq. It provides a detailed account of the present Iraqi oil infrastructure and assesses the risks and opportunities facing those who seek to invest in its redevelopment. The report examines the implications for the world oil markets of Iraq's ambitious plans to expand production capacity to 6m barrels per day -almost twice its pre-war peak. It explains in clear, authoritative terms the profound problems confronting Iraq's oil sector and the prospects for rebuilding it. It analyses expertly and in detail the current regime's chances of survival and examines the alternative contenders for power -and their likely attitudes towards co-operation with foreign oil interests. The report examines and explains: Iraq's oil infrastructure, from fields under exploration to nominal administrative structure; the effect on oil prices of Iraq's eventual re-entry into the oil market; the facilities in need of repair and where the shortage of spares and human expertise are; the unofficial decision-making structure in the oil sector; the short- and medium-term impact of economic disintegration on oil development policy; the effects of UN sanctions and the motives of those supporting or opposing sanctions; the likely impact of prevailing economic constraints on Iraqi oil and the historical role of commissions in Iraqi oil contracts; the political impact of General Hussein Kamal Hassan's defection and the Kurdish and Shi'ite threats to Iraqi national unity. (author)

Potential contribution of ethanol fuel to the transport sector of Pakistan

International Nuclear Information System (INIS)

Harijan, Khanji; Memon, Mujeebuddin; Uqaili, Mohammad A.; Mirza, Umar K.

2009-01-01

Pakistan is an energy-deficient country. The indigenous reserves of oil and gas are limited and the country is heavily dependent on the import of oil. The oil import bill is a serious strain on the country's economy and has been deteriorating the balance of payments situation. The country has become increasingly more dependent on fossil fuels and its energy security hangs on the fragile supply of imported oil that is subject to disruptions and price volatility. The transport sector has a 28% share in the total commercial energy consumption in Pakistan. About 1.15 million tonnes of gasoline was consumed by this sector during 2005-2006. The gasoline consumption in the transport sector is also a major source of environmental degradation especially in urban areas. Consequently, Pakistan needs to develop indigenous, environment-friendly energy resources, such as ethanol, to meet its transport sector's energy needs. Pakistan produces about 54 million tonnes of sugarcane every year. The estimated production potential of ethanol from molasses is about 500 million liters per annum. Ethanol can be used in the transport sector after blending with gasoline, in order to minimize the gasoline consumption and associated economical and environmental impacts. This paper presents the assessment of the potential contribution of ethanol in the transport sector of Pakistan. It is concluded that 5-10% of the annual gasoline consumption in transport sector could be met from ethanol by the year 2030 under different scenarios. About US$200-400 million per annum could be saved along with other environmental and health benefits by using gasol in the transport sector. (author)

The energy sector abroad. Part 5. Norwegian energy sector large exporter of natural gas

International Nuclear Information System (INIS)

Van Gelder, J.W.

1997-01-01

Some facts about the Norwegian natural gas and oil industry are presented. In 1995 the industries took 12.5% of GNP and no less than 47.6% of export revenues. The use of natural gas in Norway is low. In 1996 Norway exported 37.9 billion m 3 of natural gas. It is planned to double that volume within the next 10 years. Therefore, a strategic alliance between two major foreign competitors (Gasunie in the Netherlands and Gazprom in the Russian Federation) was not met with enthusiasm. The three most important companies in the Norwegian oil and gas industry are Statoil, Norsk Hydro, and Saga Petroleum. Overall turnover of the sector in 1994 was 40.6 billion Dutch guilders. Some 17,500 people are directly employed by the sector. 5 ills., 5 tabs

Natural gas to buoy Trinidad and Tobago petroleum sector

International Nuclear Information System (INIS)

Anon.

1993-01-01

Trinidad and Tobago's petroleum sector remains at a crossroads. While heavily reliant on oil and gas for domestic energy consumption and hard currency export earnings, the small Caribbean island nation faces some tough choices in reviving its hydrocarbon sector in the 1990s. Exploration and production of crude oil have stagnated in recent years, and domestic refinery utilization remains low at 36%. However, substantial natural gas reserves in Trinidad and Tobago offer the promise of a burgeoning natural gas based economy with an eye to liquefied natural gas and gas based petrochemical exports. Any solutions will involve considerable outlays by the government as well as a sizable infusion of capital by foreign companies. Therein lie some of the hard choices. The article describes the roles of oil and gas, foreign investment prospects, refining status, refining problems, gas sector foreign investment, and outlook for the rest of the 1990's

Conflict Approaches of Effective Project Manager in the Upstream Sector of Indonesian Oil & Gas Industry

Directory of Open Access Journals (Sweden)

Adhi Cahyono

2012-11-01

Full Text Available Normal 0 false false false IN X-NONE AR-SA MicrosoftInternetExplorer4 Conflict can be functional or dysfunctional to the organization’s performance. This study focused on the relationship between conflict approaches implemented by the project manager based on project team member’s perception on the effectiveness of the project manager in managing project’s conflict. Questionnaires were modified from Barker et al. (1988 to measure conflict management approaches and outcomes of managing project conflict. Data were gathered from 57 respondents who worked in the Engineering, Procurement, and Construction (EPC contractors serving the upstream sector of the Oil and Gas industry in Indonesia. By using Pearson correlation, result of this study indicated that project managers were perceived to be effective in managing project conflict when implementing cooperative and confi rmative approaches, but ineffective when combining competitive and avoidance approaches. Further research should investigate correlation between cultural dimensions with conflict approaches and outcomes of managing conflict. Keywords: Conflict approaches, effective project manager, EPC contractors, upstream sector of oil and gas industry /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:Arial; mso-bidi-theme-font:minor-bidi; mso-fareast-language:EN-US;}

Hydrocarbons - In the era of low-cost oil

International Nuclear Information System (INIS)

Dupin, Ludovic; Delamarche, Myrtille; Cognasse, Olivier; De Jaegher, Thibaut; Fleitour, Gaelle

2015-01-01

A set of articles addresses the current context of low cost oil and steep drop in oil prices. Graphs illustrate the evolution of oil prices, of supply and demand, of exploitation costs. This drop is partly due to the high level of production in Russia, Iraq and USA. This context results in drastic reductions of investments by companies involved in the oil sector, and therefore in job reduction, and in reduction of service costs. These reductions impact actors of the seismic analysis sector. Other consequences are more positive for consumers and refiners, and a trend towards diversification and consolidation for operators. The chairman of Technip answers some questions on Technip activities, situation and strategy. The case of the petrochemical sector is also addressed

The strategy of the key players in the African oil sector (the Gulf of Guinea)?

International Nuclear Information System (INIS)

Copinsch, Ph.

2001-01-01

The African oil industry, (particularly in the deep water offshore fields of the Gulf of Guinea), is symbolic of the new balance of power taking shape in the oil industry between the international companies and the host state on the one hand, and between the petrol companies themselves on the other. In an area rich in potential and which has become highly competitive, the traditional players in the region's oil development sector (Shell, Chevron and TotalFinaElf) which have for so long been sheltered from genuine competition in their respective areas of activity, must now face up to the renewed ambitions of new 'Super Majors' (in particular ExxonMobil), not to mention those of many independent companies seeking to internationalize their business. Several reasons explain this change. Firstly, the main developments are now taking place offshore with deep water drilling, and financial solidity and technological competence have replaced the closeness of political links as key factors of success. In these conditions, the risk of long term marginalization for the medium-sized companies is considerable. Secondly, the need to achieve profitability stressed by the major petrol groups is opening the door to the independents who are operating a niche policy (based on marginal or mature fields which no longer interest the majors). This type of competition tends to promote activity and to open up new countries to exploration and production (in particular Equatorial Guinea). (author)

Restructuring: new relationships between the oil companies and the upstream oil firms

International Nuclear Information System (INIS)

Barreau, S.

2001-11-01

Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the aim of all these strategies was to change the relationships between the oil companies and the upstream oil and gas service firms. (author)

Estimation of the oil and gas sector participation of tax revenues in Brazil: 1996-2005; Estimativa da participacao do setor de petroleo e gas na arrecadacao tributaria brasileira: 1996-2005

Energy Technology Data Exchange (ETDEWEB)

Canelas, Andre [Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP), Rio de Janeiro, RJ (Brazil)], e-mail: acanelas@anp.gov.br

2008-07-01

The aim of this paper is to estimate the contribution of the oil and gas sector to the total amount of tax revenues in Brazil. Such an estimate is relevant due to the continuous increase of the economic importance of this sector in Brazil, which has been observed in the most recent years. (author)

Making offshore industries greener: negotiating environmental policy in the Dutch oil and gas sector

International Nuclear Information System (INIS)

Hinssen, J.

1994-01-01

In this paper the negotiations between the Dutch Government and the oil and gas sector regarding environmental measures for the offshore industry are analysed. Dutch environmental policy is presently being developed via 'Target Group Management'. The instrument used in this approach is policy negotiations, resulting in covenants. By signing a covenant, both government and industry take responsibility for the development and implementation of a realistic environmental policy. Negotiating environmental policies, however, can be problematic. This relates to the delay in obtaining an integrated approach to environmental problems. It is not unlikely that, in the four years required for the negotiation process, a legally binding environmental law might also have been developed. It is concluded that the value of the covenant mainly depends on the goodwill of the parties involved. (Author)

The use of stability indices in predicting asphaltene problems in upstream and downstream oil operations

Energy Technology Data Exchange (ETDEWEB)

Asomaning, S. [Baker Petrolite, Sugar Land, TX (United States)

2003-07-01

A series of test methods have been developed to determine the stability of asphaltenes in crude oils. They were developed due to the high cost of remediating asphaltene deposition in offshore operations. This study described the characteristics of the Oliensis Spot Test, two saturates, aromatics, resins and asphaltenes (SARA)-based screens (the Colloidal Instability Index and Asphaltene-Resin ratio), a solvent titration method with near infrared radiation (NIR) solids detection, and live oil depressurization. Each method is used to predict the stability of asphaltenes in crude oils with different API gravity. A complete description of the test methods was provided along with experimental data. The effectiveness of the different tests in predicting the stability of asphaltenes in crude oils was also assessed. Results indicate that the prediction of a crude oil's tendency towards asphaltene precipitation was more accurate with the Colloidal Instability Index and the solvent titration method. Live oil depressurization proved to be very effective in predicting the stability of asphaltenes for light oils, where most stability tests fail. tabs., figs.

How TotalFinaElf will reinforce its downstream leadership; Comment TotalFinaElf entend renforcer son leadership en aval

Energy Technology Data Exchange (ETDEWEB)

Legros, E.

2002-06-01

Invited by the 'para-petroleum industry club' of the French group of para-petroleum and para-gas companies (GEP) on April 2, 2002, J.P. Vettier, general director of the refining-marketing activity of TotalFinaElf company, described the new configuration of the downstream strategy of the French group, now the fourth biggest oil company in the world. This downstream activity seems to have profited from the different fusions that have led to the present day structure. (J.S.)

China on the move: Oil price explosion?

International Nuclear Information System (INIS)

Skeer, Jeffrey; Wang Yanjia

2007-01-01

Rapid expansion of highway and jet traffic in China has created a surge of demand for oil products, putting pressure on world energy markets and petroleum product prices. This paper examines trends in freight and passenger traffic to assess how growth in China's transport demand relates to growth in China's economy, as well as the energy intensity of transport. Based on assumptions about demand elasticity and energy intensity, a range of scenarios is developed for China's oil demand through 2020. Incremental oil demand from China's transport sector is then compared with world oil demand projections to assess the likely impact on world oil prices. The finding is that new demand from China's transport sector would likely raise world oil prices in 2020 by 1-3% in reference scenarios or by 3-10% if oil supply investment is constrained

The new oil politics

International Nuclear Information System (INIS)

Rodado Noriega, Carlos

1999-01-01

With a varied menu of adjustments, Colombia looks for to improve the range of international competitiveness and to attract the elusive private investment of risk for the future development of the oil sector. Colombia has just given to its oil sector the biggest rolling in the last decades. A series of measures of diverse class looks for to assign to the country a bigger range of competitiveness international and better exploration indicators that it assures in the time the auto supply of hydrocarbons and the export of surpluses

The instability of world oil market and its impact on economic development: Indonesia's experience

International Nuclear Information System (INIS)

Patmosukismo, S.

1991-01-01

The world oil market has been characterized by fluctuating prices which have a direct impact on the world economy. If the world oil price rises in real terms, upstream activities become more attractive to producers, and if the price declines, downstream opportunities become more attractive. The world oil market is currently determined not only by producers and consumers, but also by the futures trade. In addition, the elasticity of oil prices has increased since the 1970s through competition among producers and competition from other energy sources. The Asia Pacific countries are experiencing rapid economic growth, and are thus heavily dependent on oil, but generally have small reserves. Their reserves/production ratio is ca 20 years, with a major share coming from China and Indonesia. The current situation of tight and inadequate supply may increase the region's dependence on Middle East sources. The effects of the three recent major oil crises on the Asia Pacific countries are reviewed and the role of oil and gas in Indonesia's economic development is described. Export earnings from oil and gas represent a major share of total Indonesian export revenues, and taxes and receipts from oil companies continue to be the largest receipts in Indonesian government revenues. Slow changes in the primary fuel mix and high growth in domestic consumption may turn Indonesia into a net oil importer before the year 2000. A major effort to decrease domestic oil consumption has been implemented by using natural gas and coal in the power generation sector. On the supply side, recoverable oil and gas reserves of 50 billion bbl and 200 trillion ft 3 respectively may be present but their development depends on the investment scheme of the continuing exploration program

World oil prices and domestic implications : a Russian perspective

International Nuclear Information System (INIS)

Khartukov, E.M.

2001-01-01

This paper presented an analysis of the impact of world oil prices on the future developments of Russia's oil sector and provided an international comparison of projected crude oil prices. The main factors that influence the price dynamics of the contemporary world oil market were described with reference to how these dynamics affect Russia's internal markets. World oil prices are determined by a mixture of politics and economics. The author suggested that Russian crude will not reach the desired parity with world oil prices. It was predicted that at the very best, by 2030, domestic crude oil sales will be 80 per cent of world-market proceeds. Russian refineries will enjoy cheaper feedstock. Regardless of future world price levels, the standstill in modernizing Russia's refining sector will further narrow the profit base, causing a massive run of Russian crude to more lucrative, external markets. It was emphasized that the survival of Russia's refining sector can only be guaranteed by radical upgrading of their outdated refineries. 4 refs., 2 tabs., 4 figs

Sources for increased DOC-concentrations in the groundwater downstream of the landfill Hohne (DEA)

International Nuclear Information System (INIS)

Bahlmann, E.; Seifert, R.; Eschenbach, A.; Kleinschmidt, V.

2017-08-01

Construction waste together with drilling mud and oil-contaminated soil had been deposited in the landfill Hohne from 1971. Four groundwater monitoring sites had been installed: one monitoring site upstream and three sites downstream of the landfill in three different directions. Downstream of the landfill increased concentrations of chloride, sulphate, sodium and DOC (dissolved organic carbon) had been measured over a period of years. Particularly the source of the DOC has remained unclear. Assumptions were (i) leaking of contaminants from the landfill and degradation under the landfill by microbes or plants or (ii) leaching of DOC from the soil under the landfill caused by a change in the redox potential. The determination of the DOC source was the major subject of this study.

A very competitive oil

International Nuclear Information System (INIS)

Delamarche, Myrtille; Cahuzac, Adrien; Cognasse, Olivier; Dupin, Ludovic; Fleitour, Gaelle; James, Olivier; Stassi, Franck

2015-01-01

Drop in oil barrel prices results in 8 to 10 billions in savings for French companies, i.e. as much as the tax credit for competitiveness and employment. This article analyses how the different sectors take benefit of this saving due to lower oil prices. It outlines that this decrease has been very profitable for the refining sector which exhibited historic margins. As far as the chemistry sector is concerned, costs are reduced but profits are less important as this decrease compensates the decrease of the euro with respect to the dollar. The plastic industry does not take profit as it comes at the end of value chain where other actors already took their benefits. Therefore, there is no profit in agriculture as far as plastic products and fertilizers are concerned. On the opposite, the decrease of marine fuel has been profitable to the fishing sector as well as to the sea transport sector. As far as road transport is concerned the fuel price decrease is reflected in resale prices, and the oil price decrease had therefore no impact, or only for few days. It's not the case for air transport where companies took benefit of this decrease. In this respect, a second article outlines that airline companies have learned lessons from previous oil price counter-shock to adapt their strategies. The last article addresses the general situation of industry which exhibits a better financial health, could be boosted by a recovery of consumption. But growth is still to be confirmed by investments. A brief article notices that the profit is less important at the world level, i.e. more important in Europe than in Asia and even more than in Africa

Company maturity models: Application to supplier development program in oil&gas sector

Directory of Open Access Journals (Sweden)

Jabier Retegi Albisua

2018-04-01

Full Text Available Purpose: In order to achieve excellence, outsourced maintenance contractors in Oil&Gas sector play a key role due to the important impact of their task on security, availability and energy consumption. This paper presents the process followed in order to implement a Supplier Development Program in a refinery using Company Maturity Model (CoMM and the results obtained in three cases validating the method to obtain a strategic improvement project medium term grid. Design/methodology/approach: The methodology followed consists of constructing a CoMM capturing the knowledge existing in the refinery and applying it with three supplier improvement teams. Findings and conclusions have arised through an observation of the three processes and extracting common conclusions. Findings: The resulting CoMM has been used for self-assessment by three suppliers and has demonstrated its potential to define a medium-term improvement project road map validated by the customer. Furthermore, during the design and application processes, the contribution of CoMMs to the SECI process of knowledge management has been observed. Practical implications: The use of CoMMs in a service contractor context can be applied in other sectors. It contributes to alignment of targets between the supplier and customer companies and to knowledge sharing inside both firms. Originality/value: Maturity models in many transversal fields (CMMI, EFQM, BPMM, PEMM, etc. have been thoroughly studied in the literature. Less effort has been made analysing the case of using maturity models constructed and implemented by a company for its specific purposes. In this paper, the process followed by a company to establish a Supplier Development Process using CoMMs is described.

New round for oil

International Nuclear Information System (INIS)

Delamarche, Myrtille

2018-01-01

After three years of crisis, oil companies are now strongly reinvesting, while oil prices are stabilizing at a reasonable long-term level, notably due to a rising demand from developing countries. Examples of new investments made by majors such as Total, Shell or Exxon but also by national companies and junior companies, are given. Oil price evolution as well as cost reductions (thanks notably to the digitalisation of the sector, leading to a decrease in exploration costs) are analyzed. The importance of the US oil production, and particularly shale oil production, is pinpointed

Quantifying China's oil import risks and the impact on the national economy

International Nuclear Information System (INIS)

Sun, Mei; Gao, Cuixia; Shen, Bo

2014-01-01

With an increase in China's oil imports, China's oil supply will also continue to be effected by the socio-economic stability of oil-exporting countries and the safety of oil transport routes. This paper introduces a systematic and quantitative method to evaluate the influence of China's oil import risks (OIR) on the national economy and industrial sectors from a perspective of apply chain process. For this analysis, China's OIR is quantified by integrating oil exporting country risk and the risks from oil transportation routes. Country risk is defined as the oil-exporting country's political risk caused by political changes or internal conflicts. Transport risk is defined as the risk of shipping routes affected by pirate attacks and geopolitics. Second, the relationship between China's OIR and oil import costs is analyzed using a multiple linear approach. Third, an input–output analysis method is used to research the effect of the cost of China's oil imports on the cost of investment within China's domestic sectors. This research finds that the corresponding impact on GDP is 3494.5 million dollars given an increasing by 10% of China's OIR. And the impact on domestic sectors differs from sector to sector. Finally, this paper puts forth recommendations to improve long-term oil supply security in China. - Highlights: • Quantifies China's OIR while taking into consideration the risks from oil-exporting countries and the risks from oil transportation routes. • Explores the relationship between China's OIR and oil import costs using a multiple linear regression approach. • Analyzes the effects of China's OIR on the investment cost of domestic sectors with an input–output analysis. • Investigates the impact of China's OIR on the domestic economy

Financing the energy sector in developing countries: context and overview

International Nuclear Information System (INIS)

Dunkerley, Joy.

1995-01-01

Traditional 'business as usual' financing methods will no longer be adequate to meet the unprecedented demands for capital to finance energy sector expansion in the developing countries. In recognition, many countries are opening up their power sectors to private investment, initially through the establishment of independent power projects, but in some cases through sector privatization. Project financing has many advantages, but further sectoral reorganization, including tariff reform, will be needed to attract resources on the scale required, especially from domestic investors. In oil and gas, in contrast to power, private capital from the international oil companies has always played a major role in the developing countries. However, sharply increasing investment requirements require a growing role for external finance. There should, in principle, be no shortage of investible funds to finance energy sector expansion in developing countries so long as host countries establish conditions which are attractive to private investors. The augmented role of private finance requires a continuing, if different, role for the public sector in both host countries and official aid agencies. (author)

The oil market

International Nuclear Information System (INIS)

Amic, E.; Lautard, P.

1999-01-01

This chapter examines the structure of the oil industry and the impacts of the oil markets on the hedging strategies of the energy consumers, the oil company, and the energy derivatives' provider. An introduction to market perspectives is presented, and the hedging operations in the jet fuel market in the airline sector are discussed. Trading and risk management within an oil company, the derivatives provider, trading derivatives in a multi-dimensional world, locational risks, and the modelling of term structure and the role of storage are considered. Industrial spreads and the role of refining, future market developments and market strategies for crude oil and oil products, and marketing packages and market risk are addressed

Oil. The revenge of shales

International Nuclear Information System (INIS)

Dupin, Ludovic

2017-01-01

This article comments the evolutions noticed during these past years as the USA started to exploit non conventional hydrocarbons (shale gas and oil), and thus reduced their supplies from the Middle East. In reaction, OPEC members provoked a massive oil price decrease. If shale oil exploitation in the USA has slowed down for a while, it starts again: the number of platforms and production are increasing. Moreover, the profitability threshold is strongly decreasing. Argentina and China are also developing this sector, and Great-Britain and South-Africa are about to start projects. The article outlines that, even though France decided not to exploit shale gas and oil, French industries are present on this market and technology. In an interview, a representative of the French sector of non conventional hydrocarbons comments these evolutions as well as the French decision and its possible evolutions

Forecasting ability of the investor sentiment endurance index: The case of oil service stock returns and crude oil prices

International Nuclear Information System (INIS)

He, Ling T.; Casey, K.M.

2015-01-01

Using a binomial probability distribution model this paper creates an endurance index of oil service investor sentiment. The index reflects the probability of the high or low stock price being the close price for the PHLX Oil Service Sector Index. Results of this study reveal the substantial forecasting ability of the sentiment endurance index. Monthly and quarterly rolling forecasts of returns of oil service stocks have an overall accuracy as high as 52% to 57%. In addition, the index shows decent forecasting ability on changes in crude oil prices, especially, WTI prices. The accuracy of 6-quarter rolling forecasts is 55%. The sentiment endurance index, along with the procedure of true forecasting and accuracy ratio, applied in this study provides investors and analysts of oil service sector stocks and crude oil prices as well as energy policy-makers with effective analytical tools

Natural gas in the transportation sector

Energy Technology Data Exchange (ETDEWEB)

Ask, T Oe; Einang, P M; Stenersen, D [MARINTEK (Norway)

1996-12-01

The transportation sector is responsible for more than 50% of all oil products consumed, and it is the fastest growing oil demand sector and the fastest growing source of emissions. During the last 10 years there have been a considerable and growing effort in developing internal combustion gas engines. This effort has resulted in gas engines with efficiencies comparable to the diesel engines and with emissions considerably lower than engines burning conventional fuels. This development offers us opportunities to use natural gas very efficiently also in the transportation sector, resulting in reduced emissions. However, to utilize all the built in abilities natural gas has as engine fuel, the natural gas composition must be kept within relatively narrow limits. This is the case with both diesel and gasoline today. A further development require therefore specified natural gas compositions, and the direct use of pipeline natural gas as today would only in limited areas be acceptable. An interesting possibility for producing a specified natural gas composition is by LNG (Liquid Natural Gas) production. (EG)

Analysis of the sector petroleum refineries in energy scenarios for The Netherlands. Analyse van de sector raffinaderijen voor de Nationale Energie Verkenningen

Energy Technology Data Exchange (ETDEWEB)

Van Oostvoorn, F

1926-07-01

The calculations with regard to the oil sector in general and the petroleum refineries in particular of the energy scenarios for The Netherlands are described. Calculations have been made with the help of the energy models SELPE and SERUM, developed for the total energy scene of The Netherlands and the petroleum refineries respectively. The results of the calculations with respect to the petroleum refineries are compared. This resulted in adjustment of the parameters for the oil sector in the SELPE energy model and the consequences of these adjustments for the energy scenarios for The Netherlands. 3 figs., 15 tabs., 10 refs.

Oil and natural gas in Russia's eastern energy strategy: Dream or reality?

International Nuclear Information System (INIS)

Mareš, Miroslav; Laryš, Martin

2012-01-01

The article analyses Russia's Eastern energy strategy in the sectors of oil and natural gas, presenting its main aspects and examining it from the security perspective against the backdrop of official Russian documents. The goals set by the strategy are compared with the steps presently taken and planned by the Russian administration, as well as with short- and medium-term Russian energy policies in the sectors of oil and natural gas. The authors conclude that implementation of the Energy Strategy to 2030 in the sectors of oil and natural gas will be highly complicated in the Eastern vector of Russian politics and achievable only if new deposits are found. - Highlights: ► We compare goals of the Russia's Eastern energy strategy in the sectors of oil and natural gas with real policy.► In the Eastern vector are included China, both Korean states and Japan. ► For Russia's energy strategy to 2030 the Eastern market in the sector of oil and natural gas is advantageous and desirable. ► The present conditions can bring economic as well as political risks.

Applications of supercritical fluid extraction (SFE) of palm oil and oil from natural sources.

Science.gov (United States)

Akanda, Mohammed Jahurul Haque; Sarker, Mohammed Zaidul Islam; Ferdosh, Sahena; Manap, Mohd Yazid Abdul; Ab Rahman, Nik Norulaini Nik; Ab Kadir, Mohd Omar

2012-02-10

Supercritical fluid extraction (SFE), which has received much interest in its use and further development for industrial applications, is a method that offers some advantages over conventional methods, especially for the palm oil industry. SC-CO₂ refers to supercritical fluid extraction (SFE) that uses carbon dioxide (CO₂) as a solvent which is a nontoxic, inexpensive, nonflammable, and nonpolluting supercritical fluid solvent for the extraction of natural products. Almost 100% oil can be extracted and it is regarded as safe, with organic solvent-free extracts having superior organoleptic profiles. The palm oil industry is one of the major industries in Malaysia that provides a major contribution to the national income. Malaysia is the second largest palm oil and palm kernel oil producer in the World. This paper reviews advances in applications of supercritical carbon dioxide (SC-CO₂) extraction of oils from natural sources, in particular palm oil, minor constituents in palm oil, producing fractionated, refined, bleached, and deodorized palm oil, palm kernel oil and purified fatty acid fractions commendable for downstream uses as in toiletries and confectionaries.

Applications of Supercritical Fluid Extraction (SFE of Palm Oil and Oil from Natural Sources

Directory of Open Access Journals (Sweden)

Mohd Omar Ab Kadir

2012-02-01

Full Text Available Supercritical fluid extraction (SFE, which has received much interest in its use and further development for industrial applications, is a method that offers some advantages over conventional methods, especially for the palm oil industry. SC-CO2 refers to supercritical fluid extraction (SFE that uses carbon dioxide (CO2 as a solvent which is a nontoxic, inexpensive, nonflammable, and nonpolluting supercritical fluid solvent for the extraction of natural products. Almost 100% oil can be extracted and it is regarded as safe, with organic solvent-free extracts having superior organoleptic profiles. The palm oil industry is one of the major industries in Malaysia that provides a major contribution to the national income. Malaysia is the second largest palm oil and palm kernel oil producer in the World. This paper reviews advances in applications of supercritical carbon dioxide (SC-CO2 extraction of oils from natural sources, in particular palm oil, minor constituents in palm oil, producing fractionated, refined, bleached, and deodorized palm oil, palm kernel oil and purified fatty acid fractions commendable for downstream uses as in toiletries and confectionaries.

Climate-wise choices in a world of oil abundance

Science.gov (United States)

Brandt, Adam R.; Masnadi, Mohammad S.; Englander, Jacob G.; Koomey, Jonathan; Gordon, Deborah

2018-04-01

Constrained oil supply has given way to abundance at a time when strong action on climate change is wavering. Recent innovation has pushed US oil production to all-time heights and driven oil prices lower. At the same time, attention to climate policy is wavering due to geopolitical upheaval. Nevertheless, climate-wise choices in the oil sector remain a priority, given oil’s large role in modern economies. Here we use a set of open-source models along with a detailed dataset comprising 75 global crude oils (~25% of global production) to estimate the effects of carbon intensity and oil demand on decadal scale oil-sector emissions. We find that oil resources are abundant relative to all projections of 21st century demand, due to large light-tight oil (LTO) and heavy oil/bitumen (HOB) resources. We then investigate the ‘barrel forward’ emissions from producing, refining, and consuming all products from a barrel of crude. These oil resources have diverse life-cycle-greenhouse gas (LC-GHG) emissions impacts, and median per-barrel emissions for unconventional resources vary significantly. Median HOB life cycle emissions are 1.5 times those of median LTO emissions, exceeding them by 200 kgCO2eq./bbl. We show that reducing oil LC-GHGs is a mitigation opportunity worth 10–50 gigatonnes CO2 eq. cumulatively by 2050. We discuss means to reduce oil sector LC-GHGs. Results point to the need for policymakers to address both oil supply and oil demand when considering options to reduce LC-GHGs.

Sectoral energy demand studies: Application of the end-use approach to Asian countries

International Nuclear Information System (INIS)

1991-01-01

Events since August 1990 have shown that the world is still dependent on oil despite efforts to decrease that dependency since the oil crisis of 1973 and 1979. Thirteen countries participated in the REDP (UNDP-funded Regional Energy Development Programme) energy planning activities called ''Sectoral energy demand studies'' in which country teams benefited from training in energy data analysis, sectoral accounting of energy demand, and forecasting with the use of MEDEE-S model. This publication documents the training materials on sectoral energy demand series. It includes eight chapters which were indexed separately. Refs, figs, tabs

Can Venezuela's oil sector endure Chavez' ambitions any longer?

International Nuclear Information System (INIS)

Honkoop, J.

2009-07-01

The author describes the decline of Venezuela's oil industry as well as President Chavez' reaction to Venezuela's budgetary crisis. Politicization, falling investment and the obligation to take upon itself a plethora of social spending have left national oil company Petroleos de Venezuela, S.A. unable to produce efficiently and maintain production levels. Falling oil production and lower oil prices have in turn left president Hugo Chavez unable to spread the wealth to Venezuela's poor and he is searching desperately for ways to extract yet more from Venezuela's dysfunctional economy. As funds run out, Venezuela's expensive foreign policy, supporting regional allies, in particular Cuba, and seeking to export anywhere but the United States, proves overly expensive. Venezuela's impoverished masses, still supportive of Chavez during February's elections, may become less so as funds for social programmes run out. For Chavez it is a time for making choices... otherwise the people of Venezuela will choose for him. [nl

Middle-Skilled Workforce Needs in a Changing Oil and Gas Industry: the Role of Flexibility. As the Oil Industry continues to shed jobs due to the global downturn in oil prices, one of the most vulnerable sectors to job loss are the middle-skilled workers such as the technicians and drill operators. We present options and ideas to mitigate the problem.

Science.gov (United States)

Waddell, K.

2015-12-01

Middle-skilled workers are those whose jobs require considerable skill but not an advanced degree. Nationwide, one-third of the projected job growth for 2010-2020 will require middle-skilled workers. The educational paths to these jobs include career and technical education (CTE), certificates and associate's degrees from community colleges, apprenticeship programs, and training provided by employers. In the oil industry, the demand is expected to about 150,000 jobs. In environmental restoration and monitoring, there will be a need for at least 15,000 middle-skilled workers. Examples of the types of jobs include geological and petroleum technicians, derrick and drill operators, and pump system and refinery operators for the oil and gas sector. For the environmental restoration and monitoring sector, the types of jobs include environmental science technicians, and forest (and coastal) conservation technicians and workers. However, all of these numbers will be influenced by the growth and contraction of the regional or national economy that is not uncommon in the private sector. Over the past year, for example, the oil and gas industry has shed approximately 75,000 jobs (out of a workforce of 600,000) here in the United States, due almost exclusively to the drop of oil prices globally. A disproportionate number of the lost jobs were among the middle-skilled workforce. Meanwhile, the recent settlements stemming from the Deepwater Horizon oil spill are expected to create a surge of environmental restoration activity in the Gulf of Mexico region that has the potential to create thousands of new jobs over the next decade and beyond. Consequently, there is a need to develop education, training and apprenticeship programs that will help develop flexibility and complementary skill sets among middle-skilled workers that could help reduce the impacts of economic downturns and meet the needs of newly expanding sectors such as the environmental restoration field. This

Neste in 1996: Oil integration and new Chemicals plants

International Nuclear Information System (INIS)

Ihamuotila, J.

1997-01-01

Neste's net sales in 1996 continued at the previous year's level. Although trading losses weakened the Group's performance, the debt burden decreased substantially and there was a fundamental improvement in the equity-to-assets ratio. Neste's integrated downstream oil business began operations, oil production in Norway and Oman increased, and Chemicals commissioned several production units. In addition, a number of interesting oil and natural gas pipeline projects were moving forward. (orig.)

Engaging in Productive Sector Development

DEFF Research Database (Denmark)

Whitfield, Lindsay; Buur, Lars

Through a comparison of sector cases in Mozambique and Ghana, the paper analyzes why and how African states engage in developing productive sectors and with what success. It argues that successful state interventions depend on four factors: (1) sustained political support by the government...... in the four factors and thus different economic outcomes. Specifically, cocoa, export is a case of sustained political support, palm oil is a case of poorly implemented industrial policy, and horticulture export is a case of political neglect of an industry. In concluding, the paper emphasizes the political...

Engaging in productive sector development

DEFF Research Database (Denmark)

Buur, Lars; Whitfield, Lindsay

Through a comparison of sector cases in Mozambique and Ghana, the paper analyzes why and how African states engage in developing productive sectors and with what success. It argues that successful state interventions depend on four factors: (1) sustained political support by the government...... in the four factors and thus different economic outcomes. Specifically, cocoa, export is a case of sustained political support, palm oil is a case of poorly implemented industrial policy, and horticulture export is a case of political neglect of an industry. In concluding, the paper emphasizes the political...

Performance Analysis of Indonesia’s Mining Sector Price Index

Directory of Open Access Journals (Sweden)

Hastra Reza Satyatama

2017-07-01

Full Text Available Subprime mortage’s crisis in United States 2008 giving effect to the global capital markets especially the stock price index of the mining sector Indonesia. This research analyzes the effect of BI Rate, exchange rate, world gold price, crude oil price, and Dow Jones Industrial Average on the stock price index of the mining sector. This research employs time series monthly data of 2009-2016 with Error Correction Model-Engle Granger (ECM-EG as the method. The analysis showed that the BI rate, exchange rate and world gold price, has a negative and significant effect. World oil prices affect positively but not significant meanwhile the Dow Jones Industrial Average has a positive and significant impact on the stock price index of the mining sector. For investors in the mining sector, should pay attention to the exchange rate of the rupiah and Dow Jones Index significantly in the mining sector of the stock price index.DOI: 10.15408/sjie.v6i2.5395 

Strategy of Chavez determines oil future of Venezuela

International Nuclear Information System (INIS)

Widdershoven, C.

2008-01-01

The perspective of the oil and gas industry remains unclear as long as the current president, Hugo Chavez, continues to implement his own political ideas. The announcement of another tax increase on high oil revenues of oil companies will significantly weaken the appeal to invest in the oil sector. [mk] [nl

Alberta oil sands royalty regime

International Nuclear Information System (INIS)

Asgarpour, S.

2004-01-01

The long term objective of the Oil Sands Business Unit of Alberta Energy is to pave the way for Alberta's bitumen production to reach 3 million barrels per day by 2020. This presentation described the national government's role in resource development. It was emphasized that since the Crown is the owner of the oil sands resource, it would benefit by providing strategic leadership and by generating a larger royalty base. The oil sands fiscal regime was described with reference to generic royalty, risk sharing, investment, and project economics. Business rule principles were also outlined along with criteria for project expansions. Both upstream and downstream challenges and opportunities were listed. 4 figs

Displacement of oil by gas in power production

International Nuclear Information System (INIS)

Sundram, S.; Seng, L.K.; Kow, P.T.A.

1992-01-01

After the oil crises, Malaysia unveiled its four fuel diversification policy in the late 1970s towards utilization of gas, oil, coal and hydro. This was to ensure adequate and continuous energy supply for driving economic development and to cushion itself against impact of possible future fluctuations in oil prices. The primary energy supply in 1978 was predominantly oil based, consisting of 75.5% oil. As a result of this diversification policy, the oil component was reduced to about 51.8% in 1988. Due to its inherent ability to adapt and adjust to different fuels, the power sector played a crucial role in this massive shift away from oil. For the corresponding period, the oil component in the electricity generation input mix has decreased from 86.7% oil to 47.4%. Malaysia is endowed with substantial natural gas reserves amounting to 52.5 trillion cubic feet. Gas, therefore constitutes a natural and attractive option for the power sector in diversifying into non-oil indigenous energy resources, as the country's hydro potential has its limitations and the available proven coal reserves are relatively small. The paper addresses the past and current status and issues involved in displacing oil by gas for the power sector. These include the economic, technological and pricing aspects of natural gas development and issues pertaining to power system development. Future gas utilization strategies include the conversion of existing oil-fired plants to gas-fired, and the plant-up of gas turbines and the efficient combined cycle plants to meet the load requirements. These strategies are assessed from the viability and security perspective of increased gas utilization. Oil will continue to be displaced, but the extent to which gas will increase its share in power production is dependent on numerous factors ranging from its economics to supply security

Heavy oil processing impacts refinery and effluent treatment operations

Energy Technology Data Exchange (ETDEWEB)

Thornthwaite, P. [Nalco Champion, Northwich, Cheshire (United Kingdom)

2013-11-01

Heavy oils are becoming more common in Europe. The processing of heavier (opportunity or challenge) crudes, although financially attractive, introduce additional challenges to the refiner. These challenges are similar whether they come from imported crudes or in the future possibly from shale oils (tight oils). Without a strategy for understanding and mitigating the processing issues associated with these crudes, the profit potential may be eroded by decreased equipment reliability and run length. This paper focuses on the impacts at the desalter and how to manage them effectively while reducing the risks to downstream processes. Desalters have to deal with an increased viscosity, density (lower API gravity), higher solids loading, potential conductivity issues, and asphaltene stability concerns. All these factors can lead to operational problems impacting downstream of the desalter, both on the process and the water side. The other area of focus is the effluent from the desalter which can significantly impact waste water operations. This can take the form of increased oil under-carry, solids and other contaminants originating from the crudes. Nalco Champion has experience in working with these challenging crudes, not only, Azeri, Urals and African crudes, but also the Canadian oil sands, US Shale oil, heavy South American crudes and crudes containing metal naphthenates. Best practices will be shared and an outlook on the effects of Shale oil will be given. (orig.)

Oil price reduction impacts on the Iranian economy

Directory of Open Access Journals (Sweden)

Abdollah Mahmoodi

2017-12-01

Full Text Available economy. In order to simulate this shock, the global trade analysis project (GTAP model with its data done by using. In the new created data aggregation, oil exporting in Iran and the rest of the world countries as economic new regions, ten new economic sectors have been created, among which the oil is introduced as one sector as well as five endowments. The standard economic closure was changed, and decline in world oil price was simulated in model as a policy shock. The results show that oil export revenue and the mineral commodity export earnings will decrease, but other production sectors’ exports will increase. The trade balance of Iran will be affected negatively and strongly. Also, oil and other services production decreased. In the production sectors’ market, the demand for labor, natural resources, and investment decreased dramatically, and the demand for land increased. Using equivalent variation (EV, changes in Iran’s welfare is high negative. Finally, deflation, reduction in value and quantity of GDP and changes in consumption combination from public to private sector are the other economic impacts of reduction in oil price on Iran’s economic. It is suggested that future studies are done using dynamic models and up-to-date data. In addition, policy makers need to rebound internationally and within OPEC to raise oil prices.

Dutch Disease in a small open economy: The case of oil in Saudi Arabia

International Nuclear Information System (INIS)

Al-Mabrouk, S.A.

1991-01-01

The effects of 'Dutch Disease' come through two channels: real wage rate and real exchange rate. A sector export boom induces both resource movement and spending effects that reinforce each other in raising higher real wage and real exchange rates. In the case of an oil boom, only the spending effect is in operation because the oil sector does not employ domestic mobile factors. After a great deal of theoretical surveying and consolidation of 'Dutch Disease' on the Saudi Arabian economy throughout the period of 1970s and 1980s. The author was trying to see whether or not the oil boom was an obstacle to economic diversification. The empirical findings support the theoretical prediction. The real exchange rate of Saudi Arabia has appreciated throughout the period of the oil-boom and, in turn, it induced an expansion in the non-traded sector and a contraction in the non-oil traded sector. The indirect effect of the oil boom came through the use of oil wealth to import technology. This effect induced further expansion in the non-traded goods at a faster rate than the non-oil traded goods

The hidden carbon liability of Indonesian palm oil

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-05-15

This report highlights the urgent need for global palm oil consumers and investors to support Unilever's call for an immediate moratorium on deforestation and peatland clearance in Indonesia. This report focuses on Unilever, which shares major institutional investors with other leading corporations including Nestle, Procter and Gamble and Kraft. Not only do these corporations share investors, they also share growing carbon liability within their raw material supply chains through the expansion in the palm oil sector in Indonesia. Unilever has recognised the global problems associated with palm oil expansion and the need for drastic reform to this sector. Unilever has taken a bold move in calling for an immediate moratorium on deforestation and peatland clearance. While Unilever's position is strengthened by its status as the largest palm oil consumer in the world, this report shows how, unless companies like Nestle, Procter and Gamble and Kraft support its call for a halt to deforestation, the palm oil industry will continue to present a massive carbon liability over the coming years. This report uses Unilever's palm oil supply chains as a case study to help quantify the carbon liability and collateral risks associated with the Indonesian palm oil sector. It shows how, by buying palm oil from suppliers who account for more than one-third of Indonesia's palm oil production, Unilever and its competitors are increasing their potential carbon liability and thus leaving investors exposed to potentially significant levels of hidden risk, compromising long-term financial and brand stability.

Asian gas and oil supplies, production, and utilization

International Nuclear Information System (INIS)

Jonchere, J.P.

1991-01-01

Some changes which have occurred recently, or which are now emerging, allow one to consider commercial energy revolving effectively around three poles--oil, natural gas and electricity, and these to be viewed more and more as commodities for services. A hard core of oil consumption, mainly dedicated to the transportation sector, will continue to fuel the crude oil demand growth. In Asia, such a trend will lead to an increasing reliance on Middle East crudes and thus to the need to upgrade the heavier part of the barrel. For its part, natural gas will help to limit the reliance on oil, and its resource base is large enough to offer it increasing shares in two key energy consuming sectors: electricity generation and nitrogen fertilizers. Moreover, concerns about the need to conserve natural gas reserves for use as a feedstock for nitrogen fertilizers and other petrochemicals, do not affect the picture. Limited amounts would be required and a dynamic approach to the development of fossil fuel resources enables the consideration of natural gas as a transitional fuel for the energy hungry power sector. However, in the meantime it is expected to play a key role both in safeguarding the environment and alleviating the investment burden, particularly in the power and nitrogen fertilizer sectors

Asian oil demand

International Nuclear Information System (INIS)

Fesharaki, F.

2005-01-01

This conference presentation examined global oil market development and the role of Asian demand. It discussed plateau change versus cyclical movement in the global oil market; supply and demand issues of OPEC and non-OPEC oil; if high oil prices reduce demand; and the Asian oil picture in the global context. Asian oil demand has accounted for about 50 per cent of the global incremental oil market growth. The presentation provided data charts in graphical format on global and Asia-Pacific incremental oil demand from 1990-2005; Asia oil demand growth for selected nations; real GDP growth in selected Asian countries; and, Asia-Pacific oil production and net import requirements. It also included charts in petroleum product demand for Asia-Pacific, China, India, Japan, and South Korea. Other data charts included key indicators for China's petroleum sector; China crude production and net oil import requirements; China's imports and the share of the Middle East; China's oil exports and imports; China's crude imports by source for 2004; China's imports of main oil products for 2004; India's refining capacity; India's product balance for net-imports and net-exports; and India's trade pattern of oil products. tabs., figs

The Russian oil

International Nuclear Information System (INIS)

Rucker, Laurent

2003-01-01

This article proposes a brief discussion of various assessments of Russian oil reserves, of the evolutions of Russian oil production (Russia is the second world producer after Saudi Arabia), of the distribution of Russian oil exports among various regions, and of the decrease of Russian oil consumption between 1992 and 2002. It describes the evolution of the actor system as the oil sector has been largely privatised since 1992, and indicates the main companies which should control the Russia market on a medium term. It also discusses the obstacles for the development of Production Sharing Agreements (PSA) between these companies. It addresses the issue of modernisation of the oil transport system as its status and its condition are often an obstacle to oil export for Russian companies. The article finally discusses the price issue, the relationship between Russia and other OPEC countries, and the need for huge investments

CARBON INTENSITY OF THE ENERGY SECTOR FOR TOGO IN 2012

African Journals Online (AJOL)

Global Journal

in Togo in 2012 in order to provide decision-makers, producers, distributors and final ... In line with the IPCC 2006 methodologies, greenhouse gas emissions in 2012 in Togo ... estimates by the sectoral and reference methods, the inventory is coherent as a whole. ..... oil in the residential, commercial and industrial sectors.

The role of the state oil company in Latin America

International Nuclear Information System (INIS)

Teixeira, A.A.

1991-01-01

The role of the Latin American state oil companies (LASOCs) in establishing national industries to fuel economic development is discussed. LASOCs are represented internationally in an organization called ARPEL (Asistencia Reciproca Petrolera Estatal Latinoamericana) which is aimed to foster interchange, cooperation, and mutual assistance among its 20 member companies, as well as to promote economic integration of Latin America through its petroleum sector. State oil companies in Latin America date from 1922, when the oldest LASOC was created in Argentina. LASOCs are responsible for ca 80% of petroleum activities in Latin America. As of 1990, Latin American oil reserves, including gas liquids, amounted to ca 122 billion bbl or 12.2% of the world total. Regional oil production averaged 7.4 million bbl/d in 1990. Refining capacity is ca 7.7 million bbl/d, of which 80% is operated directly by LASOCs. Natural gas reserves are 7.3 trillion m 3 , ca 6% of the world total, and production averaged 360 million m 3 in 1990. LASOCs were generally created and developed under strong nationalistic climates and worked in regulated markets. They grew strongly during the 1960s and 1970s and also organized to work both in upstream and downstream operations. LASOC strategies varied according to the needs of the individual countries, but generally included promotion of long range plans to develop the local manufacturing and service industries. The larger LASOCs have developed important new technologies. In the 1980s, economic crises and financial manipulation by governments brought LASOCs into a serious crisis, and the latest trend is toward deregulation and an opening to foreign investment to encourage economic recovery. 8 figs., 2 tabs

Tourism and its hypersensitivity to oil spills.

Science.gov (United States)

Cirer-Costa, Joan Carles

2015-02-15

The sinking of the Don Pedro merchant ship in 2007 near the island of Ibiza is a good example of the extreme sensitivity of the tourism sector to oil spills. Despite the limited scale of the spill (only some 20 tonnes), its minimal ecological impact, and the rapid deployment of personnel and equipment to contain it, the accident nonetheless caused significant economic damage to the island's tourism sector. This particular case demonstrates the importance of the beach as a factor of production in the holiday tourism sector, and the capacity of even small amounts of oil to render it unusable and cause heavy losses to holiday firms. Copyright © 2014 Elsevier Ltd. All rights reserved.

Energy sector

International Nuclear Information System (INIS)

1995-01-01

Within the framework of assessing the state of the environment in Lebanon, this chapter describes primary energy demand, the electricity generating sector and environmental impacts arising from the energy sector.Apart from hydropower and traditional energy sources, which together represent 1.7% of energy consumption, all energy in Lebanon derives from imported petroleum products and some coal.Tables present the imports of different petroleum products (Gasoil, Kerosene, fuel oil, coal etc...), their use, the energy balance and demand.Energy pricing and pricing policies, formal and informal electricity generations in Lebanon are described emphasized by tables. The main environmental impacts are briefly summarized. Thermal power stations give rise to emissions of Sulphur dioxide (SO 2 ), particulates, oxides of nitrogen (NO x ) and CO/CO 2 from combustion of primary fuel informally generated power from both industry and domestic consumption produce particulate materials and emissions of NO x and SO 2 projected emissions of SO 2 from the power sector with the present generating capacity and with the new combined cycle power plants in operation are shown. Other environmental impacts are described. Recommendations for supply and environment policy are presented

Russia: Privatisation and co-venturing in the Russian oil sector

International Nuclear Information System (INIS)

Sanders, D.; Zverev, A.

1993-01-01

As foreign investment in the Russian oil industry is now being permitted for the first time, many international companies are experiencing difficult and unreceptive conditions. This article suggests that the Russian domestic oil industry must seek to restructure itself in an orderly fashion, so that foreign investors are treated on a rational, open and fair basis. However western oil companies will need, alongside these changes, to invest in existing operations or actively seek the participation of local partners if privatization and co-venturing are to be a success. (UK)

Conflict Approaches of Effective Project Manager in the Upstream Sector of Indonesian Oil & Gas Industry

Directory of Open Access Journals (Sweden)

Adhi Cahyono

2012-10-01

Full Text Available Conflict can be functional or dysfunctional to the organization’s performance. This study focused on the relationship between conflict approaches implemented by the project manager based on project team member’s perception on the effectiveness of the project manager in managing project’s conflict. Questionnaires were modified from Barker et al. (1988 to measure conflict management approaches and outcomes of managing project conflict. Data were gathered from 57 respondents who worked in the Engineering, Procurement, and Construction (EPC contractors serving the upstream sector of the Oil and Gas industry in Indonesia. By using Pearson correlation, result of this study indicated that project managers were perceived to be effective in managing project conflict when implementing cooperative and confi rmative approaches, but ineffective when combining competitive and avoidance approaches. Further research should investigate correlation between cultural dimensions with conflict approaches and outcomes of managing conflict.

The impact of oil price volatility on the future of the U.S. economy

International Nuclear Information System (INIS)

Boyd, Roy; Doroodian, K.; Thornton, Dennis

2000-01-01

This paper examines the impact of a foreign oil price shock on domestic energy markets as well as the U.S. economy as a whole. The analytical approach employed in the analysis consisted of a dynamic CGE model composed of eight production sectors, eight consumption sectors, three household categories classified by income, foreign sector, and the government. The results show that oil price shocks will have, as expected, a significantly positive effect on crude oil production. We also find that such price shocks negatively affect the refinery sector as input costs rise there. A decline in per-well productivity has the effect of dampening the rise in crude oil extraction and causing a further decline in refinery output. Economy-wide, the impact of a new series of oil price shocks is quite limited with overall welfare falling, but nowhere near the levels experienced in the 1970s and early 1980s. (Author)

Sectoral networks and macroeconomic tail risks in an emerging economy.

Science.gov (United States)

Romero, Pedro P; López, Ricardo; Jiménez, Carlos

2018-01-01

This paper aims to explain the macroeconomic volatility due to microeconomic shocks to one or several sectors, recognizing the non-symmetrical relation in the interaction among the Ecuadorian economic sectors. To grasp the economic structure of this emerging economy, a statistical analysis of network data is applied to the respective input-output matrix of Ecuador from 1975 until 2012. We find periods wherein the production of domestic inputs is concentrated in a few suppliers; for example, in 2010, the concentration significantly affects sectors and their downstream providers, thus influencing aggregate volatility. Compared to the US productive structure, this emerging economy presents fewer sectors and degree distributions with less extreme fat-tail behavior. In this simpler economy, we continue to find a link between microeconomic shocks and aggregate volatility. Two new theoretical propositions are introduced to formalize our results.

Sectoral networks and macroeconomic tail risks in an emerging economy

Science.gov (United States)

López, Ricardo; Jiménez, Carlos

2018-01-01

This paper aims to explain the macroeconomic volatility due to microeconomic shocks to one or several sectors, recognizing the non-symmetrical relation in the interaction among the Ecuadorian economic sectors. To grasp the economic structure of this emerging economy, a statistical analysis of network data is applied to the respective input-output matrix of Ecuador from 1975 until 2012. We find periods wherein the production of domestic inputs is concentrated in a few suppliers; for example, in 2010, the concentration significantly affects sectors and their downstream providers, thus influencing aggregate volatility. Compared to the US productive structure, this emerging economy presents fewer sectors and degree distributions with less extreme fat-tail behavior. In this simpler economy, we continue to find a link between microeconomic shocks and aggregate volatility. Two new theoretical propositions are introduced to formalize our results. PMID:29293567

The oil, gas and petrochemical industries. Sector report: Bahrain

International Nuclear Information System (INIS)

1993-01-01

Oil has played a crucial role in the development of Bahrain. In 1992 revenues from oil and related products accounted for 63% of total Government revenues (ie BD 314 million out of BD 498 million). The income is therefore of critical importance to public spending in Bahrain. This report attempts to outline the structure of the industry and to provide some pointers towards future developments which offer potential opportunities for British exporters. (author)

The socio-economic weight of the electronuclear sector in France

International Nuclear Information System (INIS)

2011-05-01

This report highlights the socio-economic weight of the electronuclear sector in France. It outlines that France is among the first three world leader on each link of the supply chain, and that the electronuclear sector has therefore a significant role in the French economy: 125.000 direct jobs and 410.000 generated jobs, a direct contribution of 0,71% to the GDP, each link of the supply chain (upstream, building, exploitation and maintenance, downstream) is present in the French economy, the electronuclear sector is part of the economic activity of local communities, the expertise of specialised companies contributes to their competitiveness in other domains, and the sector now invests to prepare its future. The socio-economic impacts of an EPR are analysed in terms of activity during nearly 90 years, with respect to its location, and according to technical and economic criteria. The last part outlines that the weight of this sector in the French economy could significantly increase

Financial Times oil and gas international year book 1994

International Nuclear Information System (INIS)

Williams, Julian

1993-01-01

The greater part of this book aims to provide narrative, production and financial details of major oil and gas companies, both upstream and downstream, across the world. Smaller sections give details on major oil and gas brokers and traders, and on the principal oil and gas associations. These sections are arranged alphabetically by company name. A geographical index towards the end of the book enables the user to identify upstream companies exploring for or producing oil and gas in particular areas. The company index includes every company mentioned in the book and includes all subsidiary and related companies to the major companies. Four introductory tables give data on world petroleum production, oil refining, tanker tonnage and oil consumption. (Author)

Outlook for the energy sector of Russia and Central Asia: structural and cultural perspectives

International Nuclear Information System (INIS)

Heus, R.

1994-01-01

The combined interaction of three factors produces unique challenges in the energy sectors of Russia and the Central Asian Republics. The first is the specific nature and history of the oil industry of the former USSR. For many decades this, the largest oil industry in the world, was run by the government of the USSR without external assistance. Furthermore, unlike any other frontier region, most oil and gas exploration and discovery was domestic. Secondly, the former USSR is a society with structural and cultural features of both the East and the West. Thirdly, there is the legacy of an autocratic decision-making structure. The integration of the energy sector of the former USSR into the world energy sector will require the challenges represented by these factors to be worked through and this may take well into the next century. (UK)

Oil shocks in New Keynesian models: Positive and normative implications

Science.gov (United States)

Chang, Jian

Chapter 1 investigates optimal monetary policy response towards oil shocks in a New Keynesian model. We find that optimal policy, in general, becomes contractionary in response to an adverse oil shock. However, the optimal policy rule and the inflation-output trade-off depend on the specific structure of the model. The benchmark economy consists of a flexible-price energy sector and a sticky-price manufacturing sector where energy is used as an intermediate input. We show that optimal policy is to stabilize the sticky (core) price level. We then show that after incorporating a less oil-dependent sticky-price service sector, the model exhibits a trade-off in stabilizing prices and output gaps in the different sticky-price sectors. It predicts that central bank should not try to stabilize the core price level, and the economy will experience higher inflation and rising output gaps, even if central banks respond optimally. Chapter 2 addresses the observed volatility and persistence of real exchange rates and the terms of trade. It contributes to the literature with a quantitative study on the U.S. and Canada. A two-country New Keynesian model consisting of traded, non-traded, and oil production sectors is proposed to examine the time series properties of the real exchange rate, the terms of trade and the real oil price. We find that after incorporating several realistic features (namely oil price shocks, sector specific labor, non-traded goods, asymmetric pricing decisions of exporters and asymmetric consumer preferences over tradables), the benchmark model broadly matches the volatilities of the relative prices and some business cycle correlations. The model matches the data more closely after adding real demand shocks, suggesting their importance in explaining the relative price movements between the US and Canada. Chapter 3 explores several sources and transmission channels of international relative price movements. In particular, we elaborate on the role of

Ten years of energy consumption in the tertiary sector

International Nuclear Information System (INIS)

Rabai, Yacine

2012-11-01

This document presents and comments data regarding electricity consumption by the tertiary sector over the last ten years in France. It notably outlines its strong increase compared to the other sectors (housing, industry, transport, agriculture). It comments the evolution of the energy mix of the tertiary sector (electricity with 47%, gas with 25% and oil with 19% are prevailing). It briefly comments the evolution of energy efficiency within this sector. It indicates and comments the shares of energy consumption, of high voltage electricity and gas consumption by the different sub-sectors (retail, automobile and motorcycle repair, public administration, health and social activity, real estate, specialised, scientific and technical activities, education, and so on)

Crude oil prices: Are our oil markets too tight?

International Nuclear Information System (INIS)

Simmons, M.R.

1997-01-01

The answer to the question posed in the title is that tightness in the market will surely prevail through 1997. And as discussed herein, with worldwide demand expected to continue to grow, there will be a strong call on extra oil supply. Meeting those demands, however, will not be straightforward--as many observers wrongly believe--considering the industry's practice of maintaining crude stocks at ''Just in time'' inventory levels. Further, impact will be felt from the growing rig shortage, particularly for deepwater units, and down-stream capacity limits. While these factors indicate 1997 should be another good year for the service industry, it is difficult to get any kind of consensus view from the oil price market. With most observers' information dominated by the rarely optimistic futures price of crude, as reflected by the NYMEX, the important fact is that oil prices have remained stable for three years and increased steadily through 1996

Development of oil and gas service as organizational form of entrepreneurship in post-industrial economy

Directory of Open Access Journals (Sweden)

Н. В. Василенко

2017-10-01

Full Text Available The article is devoted to the problem of development of oil and gas service. The transformation of the oil and gas sector with the separation of independent enterprises and organizations providing services in the oil and gas service sector is compared by the author with the trend of rapid development of the service sector in the postindustrial economy. The purpose of the study is to identify the general and specific characteristics of modern oil and gas services and to determine the directions for the transformation of organizational forms of entrepreneurship in the sphere under consideration. The growth of quantitative parameters of the oil and gas services market has been analyzed. The classification of this market is proposed depending on the place of services in a single technological cycle in relation to the main oil production process. The positive consequences of the development of oil and gas services for the development of oil and gas production have been systematized. Basic organizational models of entrepreneurship development in oil and gas service are generalized and substantiated. It is shown that the main influence in the market of services is taken by vertically integrated national oil and gas companies, as well as by international companies that provide service support for the work of Russian oil and gas companies. The results of a comparative analysis of advantages and disadvantages of organizational models of entrepreneurship in the field of oil and gas services are presented. It is proved that oil and gas service as an organizational form of entrepreneurship in its development reflects the general trends of the post-industrial economy. Specific features of oil and gas service in Russia are singled out. The revealed directions of transformation of organizational forms of entrepreneurship in the sphere of oil and gas service in current conditions can be used in the formation of state programs in the field of industrial

The World Bank's financial support to the petroleum sector in developing countries

International Nuclear Information System (INIS)

Mayorga-Alba, E.; Smith, S.

1996-01-01

This paper presents the World Bank Group's role in the petroleum sector of developing countries. It addresses separately the role of the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) in the upstream, downstream, and natural gas subsectors. Using specific examples, it describes the World Bank's role in promotion exercises, infrastructure projects, policy reform, mobilization of the private sector, and provision of political risk insurance. Considering that bank lending in the hydrocarbon sector meets only about 1 % of the industry's capital requirements, the paper argues that the World Bank Group is best suited to use its unique resources to catalyze private sector investment and to provide an environment conducive to market-driven development. 4 refs

Update on Spain's oil market

International Nuclear Information System (INIS)

Whitaker, D.; Gutierrez, I.

1994-01-01

Since Spain's entry into the European Community a liberalisation of the oil industry has occurred culminating in two oil sector reform laws passed in 1992. While competition has increased, a return to the free-market policies which held sway before 1927 has not happened. Rather, three large companies dominate the Spanish oil market, with continuing input from government towards liberalization, if somewhat slowly. This paper describes recent changes and examines factors which limit liberalization policies. (UK)

Money matters. Financial world looks at oil companies with Argus eyes

International Nuclear Information System (INIS)

Van Gool, M.

2008-01-01

The financial markets foresee high risks in the energy sector for the big, private oil companies such as ExxonMobil, Shell and BP. It appears that these companies are undervalued, In contrast, financial backers are justifiably positive about companies providing services to the oil sector, such as Schlumberger and Halliburton, and 'utilities', such as Eon and EDF, which still have considerable room for growth, The relatively high valuation of state-controlled oil and gas companies such as Gazprom is somewhat more speculative

Applying a Virtual Economy Model in Mexico's Oil Sector

International Nuclear Information System (INIS)

Baker, G.

1994-01-01

The state of Mexico's oil industry, including the accomplishments of Pemex, Mexico's national oil company, was discussed, with particular reference to the progress made in the period of 1988-1994, and the outlook for innovations in the post-Salinas era. The concept of an evolutionary trend from a command economy (State as sole producer), towards market (State as regulator) or mixed economies (State as business partner) in developing countries, was introduced, placing Pemex within this evolutionary model as moving away from centralized control of oil production and distribution, while achieving international competitiveness. The concept of ''virtual market economy'' was also discussed. This model contains the legal basis of a command economy, while instituting modernization programs in order to stimulate market-economic conditions. This type of economy was considered particularly useful in this instance, sine it would allow Pemex units to operate within international performance and price benchmarks while maintaining state monopoly. Specific details of how Pemex could transform itself to a virtual market economy were outlined. It was recommended that Pemex experiment with the virtual mixed economy model; in essence, making the state a co-producer, co-transporter, and co-distributor of hydrocarbons. The effects of such a move would be to bring non-debt funding to oil and gas production, transmission, and associated industrial activities

Financial development and sectoral CO2 emissions in Malaysia.

Science.gov (United States)

Maji, Ibrahim Kabiru; Habibullah, Muzafar Shah; Saari, Mohd Yusof

2017-03-01

The paper examines the impacts of financial development on sectoral carbon emissions (CO 2 ) for environmental quality in Malaysia. Since the financial sector is considered as one of the sectors that will contribute to Malaysian economy to become a developed country by 2020, we utilize a cointegration method to investigate how financial development affects sectoral CO 2 emissions. The long-run results reveal that financial development increases CO 2 emissions from the transportation and oil and gas sector and reduces CO 2 emissions from manufacturing and construction sectors. However, the elasticity of financial development is not significant in explaining CO 2 emissions from the agricultural sector. The results for short-run elasticities were also consistent with the long-run results. We conclude that generally, financial development increases CO 2 emissions and reduces environmental quality in Malaysia.

Mergers and acquisitions of downstream facilities by producing countries

Energy Technology Data Exchange (ETDEWEB)

Ligon, D.R.

1988-01-01

The author discusses a phenomenon that he calls the ''re-integration'' or ''re-coupling'' of the worldwide oil industry, as foreign, particularly OPEC, producers are becoming directly involved with downstream operations in their most important markets. This phenomenon already has produced some far-reaching consequences that will become even more important and pervasive in the near future. First, he describes the factors and logic that led to these arrangements. Next, he outlines some of their practical considerations and implications. While some of the market factors described are applicable to any non-integrated producer, he spends most of his time discussing OPEC and ''neo-OPEC'' producers such as Mexico. These are the people doing the deals and are therefore probably of greatest interest.

Economics of Newfoundland and Labrador's offshore oil industry : separating fact from myth

International Nuclear Information System (INIS)

Locke, W.

2006-01-01

This presentation provided an analysis of the Newfoundland offshore oil sector to help inform public understanding and debate. Four questions were posed to the oil sector in order to provide answers to questions the public may have concerning oil and gas operations and their socio-economic impacts in the region. It was observed that Newfoundland's daily production, reserves and activity levels are relatively small in comparison with other major oil producing regions, accounting for only 0.4 per cent of the world's daily oil production. On a per capita basis, oil production in the region is significant in comparison to other oil-producing regions, placing fourth in the world behind the United Arab Emirates, Kuwait, and Norway. The oil and gas sector is the largest single contributor to Newfoundland's economy, providing 16 per cent of Newfoundland's gross domestic product (GDP). An estimated $16 billion will be provided to the province's treasury through the exploitation of the province's resources. Production statistics for Hibernia, Terra Nova, White Rose and Hebron were presented. Price forecasts and projected royalty payments were also provided. It was noted that the Newfoundland government receives more than 50 per cent of the profits of the combined fields, and higher oil prices will yield higher shares to the government. Equity holders incur more risk and receive lower net present value than royalty and tax collectors. It was suggested that increases in local benefits will lead to increased project costs, which will in turn lead to reduced royalty incomes. It was concluded that the Newfoundland offshore oil sector is vitally important to all aspects of the province's economy. An informed debate on public policy issues that impact Newfoundland's offshore oil industry is needed. refs., tabs., figs

Foreign oil companies weathering Peru's political crisis

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that foreign oil companies are weathering Peru's political crisis, and the outlook for increased foreign participation in Peru's petroleum sector remains promising. There has been improvement in the political turmoil and soured international relations that followed President Alberto Fujimori's Apr. 5 suspension of Peru's Congress, charging political corruption and attempts to block his fiscal reforms. But there are fresh concerns over an increase in terrorism aimed at oil industry facilities by antigovernment guerrilla groups in Peru. Meanwhile, state-owned oil company Petroleos del Peru (Petroperu) continues efforts to sell assets as part of Fujimori's mandated privatization program. And foreign companies continue to grapple with uncertainty and bureaucratic red tape in chasing investment opportunities in Peru's beleaguered but opening petroleum sector

World oil and gas exploration trends: A comparative study of national and U.S. private oil companies

International Nuclear Information System (INIS)

Ghouri, S.S.K.

1991-01-01

This study hypothesizes that private oil companies and state-owned, national oil companies (NOCs) have different objectives and priorities and thus that different behavioral models are needed to explain changes over time in the level of exploration by these two groups of companies. More specifically, exploration by private companies is expected to be more sensitive to changing oil prices than exploration by NOCs. The study develops three different sets of expected determinants of change over time in the level of exploration (for private companies, and two groups of NOCs-oil importers and non-OPEC oil exporters). In the private-sector model, exploration is driven by expected determinants of profitability, such as oil prices and exploration costs. The NOC models also include national-priority variables, such as import dependency. The study then tests these behavioral models by specifying and estimating econometric models for the period 1970-1988 for 11 companies from the three company groups. Three econometric models are used: static, Koyck distributed lag, and Almon polynomial distributed lag models. The study concludes on the basis of three comparisons that different behavioral models are needed to understand changes in the level of exploration by private companies and NOCs. First, the private-sector model is estimated for all companies. For private companies, the private-sector model works well, whereas for the NOCs it does not, presumably because important determinants of NOC exploration are excluded from the model. Second, when these excluded variables are included in the specification, regression results for the NOCs improve significantly. Third, the private companies have higher elasticities of exploration in both the short run and long run than the NOCs

National oil companies' presence to hike US refining competition

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that the downstream segment of the U.S. petroleum business is virtually certain to become more competitive because of the growing presence of national oil companies in the country's refining industry. That's a forecast by New York investment firm Kidder Peabody. It cites a plan by Mexico's Petroleos Mexicanos (Pemex) to form a joint venture with Shell Oil Co. covering Shell's 225,000 b/d Deer Park, Tex., refinery as the latest example of national oil companies' movement into U.S. refining

Facts 2002. The Norwegian petroleum sector

Energy Technology Data Exchange (ETDEWEB)

NONE

2002-07-01

The petroleum sector is highly significant for the Norwegian economy. Its share of gross domestic product, exports and total government revenues has been substantial over the past two decades, reaching a particularly high level in 2000 and 2001. The principal reason why revenues were so high in these two years is a combination of high oil prices, a strong USD against the NOK and historically high petroleum production. The share of petroleum investment in total capital spending in the Norwegian economy was at its highest in the early 1990s. Total investment in the petroleum sector has been above NOK 40 bn every year since 1992, and peaked in 1998 at roughly NOK 80 bn. Capital spending declined to around NOK 56.9 bn in 2001. The government's most important revenue sources in recent years have been cash flow from the state's direct financial interest (SDFI) and from taxes. Production of crude oil has averaged around three mill barrels per day since 1996. The figure for 2001 was 3.1 mill barrels. Including natural gas liquids (NGL) and condensate raises the 2001 average to 3.4 mill barrels oe per day. At 53 mill scm oe, gas production was also high in 2001. Oil production is expected to remain more or less unchanged over the next few years, and then to go into a gradual decline. Gas output, on the other hand, should expand substantially over the coming decade and is expected to be increasingly significant in Norwegian petroleum output in future. The petroleum sector is also a substantial player internationally. Norway ranks as the world's sixth largest producer and third largest net exporter of oil. It is also the world's third largest exporter of pipeline gas, and Norwegian foreign sales of this commodity accounted for about two per cent of global consumption in 2001. Roughly 10 per cent of west European gas consumption is covered from Norway. Several changes were made to state participation in the petroleum sector during 2001. The government sold 15 per cent of the

Facts 2002. The Norwegian petroleum sector

Energy Technology Data Exchange (ETDEWEB)

NONE

2002-07-01

The petroleum sector is highly significant for the Norwegian economy. Its share of gross domestic product, exports and total government revenues has been substantial over the past two decades, reaching a particularly high level in 2000 and 2001. The principal reason why revenues were so high in these two years is a combination of high oil prices, a strong USD against the NOK and historically high petroleum production. The share of petroleum investment in total capital spending in the Norwegian economy was at its highest in the early 1990s. Total investment in the petroleum sector has been above NOK 40 bn every year since 1992, and peaked in 1998 at roughly NOK 80 bn. Capital spending declined to around NOK 56.9 bn in 2001. The government's most important revenue sources in recent years have been cash flow from the state's direct financial interest (SDFI) and from taxes. Production of crude oil has averaged around three mill barrels per day since 1996. The figure for 2001 was 3.1 mill barrels. Including natural gas liquids (NGL) and condensate raises the 2001 average to 3.4 mill barrels oe per day. At 53 mill scm oe, gas production was also high in 2001. Oil production is expected to remain more or less unchanged over the next few years, and then to go into a gradual decline. Gas output, on the other hand, should expand substantially over the coming decade and is expected to be increasingly significant in Norwegian petroleum output in future. The petroleum sector is also a substantial player internationally. Norway ranks as the world's sixth largest producer and third largest net exporter of oil. It is also the world's third largest exporter of pipeline gas, and Norwegian foreign sales of this commodity accounted for about two per cent of global consumption in 2001. Roughly 10 per cent of west European gas consumption is covered from Norway. Several changes were made to state participation in the petroleum sector during 2001. The government sold

Facts 2002. The Norwegian petroleum sector

International Nuclear Information System (INIS)

2002-01-01

The petroleum sector is highly significant for the Norwegian economy. Its share of gross (domestic product, exports and total government revenues has been substantial over the past two decades, reaching a particularly high level in 2000 and 2001. The principal reason why revenues were so high in these two years is a combination of high oil prices, a strong USD against the NOK and historically high petroleum production. The share of petroleum investment in total capital spending in the Norwegian economy was at its highest in the early 1990s. Total investment in the petroleum sector has been above NOK 40 bn every year since 1992, and peaked in 1998 at roughly NOK 80 bn. Capital spending declined to around NOK 56.9 bn in 2001. The government's most important revenue sources in recent years have been cash flow from the state's direct financial interest (SDFI) and from taxes. Production of crude oil has averaged around three mill barrels per day since 1996. The figure for 2001 was 3.1 mill barrels. Including natural gas liquids (NGL) and condensate raises the 2001 average to 3.4 mill barrels oe per day. At 53 mill scm oe, gas production was also high in 2001. Oil production is expected to remain more or less unchanged over the next few years, and then to go into a gradual decline. Gas output, on the other hand, should expand substantially over the coming decade and is expected to be increasingly significant in Norwegian petroleum output in future. The petroleum sector is also a substantial player internationally. Norway ranks as the world's sixth largest producer and third largest net exporter of oil. It is also the world's third largest exporter of pipeline gas, and Norwegian foreign sales of this commodity accounted for about two per cent of global consumption in 2001. Roughly 10 per cent of west European gas consumption is covered from Norway. Several changes were made to state participation in the petroleum sector during 2001. The government sold 15 per cent of the

The asymmetric relationship between oil revenues and economic activities: The case of oil-exporting countries

International Nuclear Information System (INIS)

Mehrara, Mohsen

2008-01-01

This paper examines the nonlinear or asymmetric relationship between oil revenues and output growth in oil-exporting countries, applying a dynamic panel framework and two different measures of oil shocks. The main results in this paper confirm the stylized facts that in heavily oil-dependent countries lacking the institutional mechanisms de-linking fiscal expenditure from current revenue, oil revenue shocks tend to affect the output in asymmetric and nonlinear ways. The findings suggest that output growth is adversely affected by the negative oil shocks, while oil booms or the positive oil shocks play a limited role in stimulating economic growth. The findings have practical policy implications for decision makers in the area of macroeconomic planning. The use of stabilization and savings funds and diversification of the real sector seems crucial to minimize the harmful effects of oil booms and busts

Enhancing private sector engagement: Louisiana's business emergency operations centre.

Science.gov (United States)

Day, Jamison M; Strother, Shannon; Kolluru, Ramesh; Booth, Joseph; Rawls, Jason; Calderon, Andres

2010-07-01

Public sector emergency management is more effective when it coordinates its efforts with private sector companies that can provide useful capabilities faster, cheaper and better than government agencies. A business emergency operations centre (EOC) provides a space for private sector and non-governmental organisations to gather together in support of government efforts. This paper reviews business-related EOC practices in multiple US states and details the development of a new business EOC by the State of Louisiana, including lessons learned in response to the May 2010 oil spill.

The role of the European Bank in the energy sector

International Nuclear Information System (INIS)

Coleman, J.

1993-01-01

The European Bank for Reconstruction and Development was established in 1991 to assist central and eastern European countries in making the transition from command economies to market economies. The Bank provides loans, equity investments, guarantees, advice, and technical cooperation to qualified applicants through its merchant banking and development banking operations. In the energy sector, the Bank recognizes that the energy resources of eastern Europe are enormous but so are the problems associated with their development. Since its foundation, most of the Bank's energy-related lending has been in the oil and gas sector in Russia and the Baltic countries. The Bank has approved eight projects in that sector with total capital costs of ca US$1.7 billion. Major problem areas to be overcome include uneconomic domestic pricing, high energy intensity and pollution, inadequate legal frameworks, inappropriate tax structures, and institutional complexity. Canadian firms have been actively involed in Bank-financed projects in the Russian oil and gas sector, and two such projects are briefly described. They comprise joint ventures with Russian enterprises or associations and include rehabilitation of Siberian oil fields and drilling new wells in the Komi (Arctic) region. A common feature of these projects is that they were well under way before the Bank got involved, but the Bank brings the benefits of additional financing and providing moral support and expertise which can be useful in overcoming administrative and regulatory difficulties

Poverty and growth impacts of high oil prices: Evidence from Sri Lanka

International Nuclear Information System (INIS)

Naranpanawa, Athula; Bandara, Jayatilleke S.

2012-01-01

The sharp rise in oil and food prices in 2007 and 2008 caused negative impacts on poverty and economic growth in many oil and food importing developing countries. Some analysts believe that these countries are under stress again due to a rise in crude oil prices, to a two-and-a-half year high in March 2011, which has also been partly responsible for higher food prices in recent months. However, there is a limited body of empirical evidence available from developing countries on the impact of high oil prices on growth in general and household poverty in particular. In this study, Sri Lanka is used as a case study and a computable general equilibrium (CGE) approach is adopted as an analytical framework to explore the growth and poverty impacts of high oil prices. The results suggest that urban low income households are the group most adversely affected by high global oil prices, followed by low income rural households. In contrast, estate low income households are the least affected out of all low income households. The energy intensive manufacturing sector and services sector are affected most compared to the agricultural sector. - Highlights: ► Using a general equilibrium model we find poverty and oil price link for Sri Lanka. ► Urban low income households are the group most adversely affected. ► Energy intensive manufacturing and services sectors are affected most.

China's oil resources

Energy Technology Data Exchange (ETDEWEB)

Wiesegart, K

1981-03-01

The United Nations International Meeting on Petroleum Geology is being held this month from 18-25 in China, a country whose oil reserves up to mid-sixties had been judged by foreign observers to be minute and the development of her oil sector of no major importance. Today, with an annual crude output of 106 mn tons, China already ranks ninth among the world's oil producers. And, with the prospect of a further advance towards leadership among producers and exporters of the coveted energy material, the West is showing growing interest in China's energy potential. How real is this prospect forms the subject of this article. 3 tables.

Venezuela positioning itself to take key market role in wake of Gulf War

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports on Venezuela which continues efforts to position itself in world markets to capitalize on fallout from the Persian Gulf war. The central government and state oil company Petroleos de Venezuela SA have accelerated already ambitious plans to expand activities in upstream and downstream oil and gas sectors. Pvdsa has sharply increased its 1991-96 investment program from the level planned at the end of last year. The goal is to put Venezuela on a par with major Persian Gulf oil exporters in terms of productive capacity. Linchpin of those efforts could well be further steps toward privatization of Venezuela's oil sector. For the first time since nationalization in 1976, private foreign and domestic companies are being permitted to participate in Venezuelan exploration and development. In addition, the government is trimming the onerous tax burden the oil sector has carried in Venezuela, as well as its heavy subsidy of domestic petroleum products

Evidence of Macroeconomic Policy Effects over Company-Sector Stock Returns

Directory of Open Access Journals (Sweden)

Mara Madaleno

2014-11-01

Full Text Available Given that stock markets may act as an economy mirror, it is explored the sensitivity of company-sector-specific stock returns to macroeconomic news reflecting different economic environments for the UK, US, Germany, Japan and Australian markets between March 1993 and February 2013 using monthly data. Results seem to indicate that portfolio investors need to be aware that movements in the market index is the best predictor to forecast stock returns of individual companies and sectors in developed economies. Sentiment influences individual company’s returns of the utilities sector, even if these are considered of limited growth and stable earnings, for UK, USA and Australia, turning investor confidence a relevant variable to be included. Information increases about industrial production have no influence on company and sector stocks, thus not affecting investor’s decision in developed countries. As for Japan, results seem to indicate that the higher the need of oil imports of a country, the higher will be the positive impact of oil price changes over company returns. Finally, the riskless interest rate has no effect on sector stock returns independently of the country under analysis. For developed economies, we confirm the finding that stocks cannot be used as a hedge against inflation.

The oil and gas sector in the brazilian economy

OpenAIRE

Guilhoto, Joaquim J.M.; Ichihara, Silvio Massaru; Postali, Fernando Antonio Slaibe

2007-01-01

This paper presents the results of a research conducted to measure the importance of the oil and gas complex in the Brazilian economy and in its states, henceforth called O&G. Initially, the efforts were concentrated on the construction of an interregional input-output system for the 27 states of the Brazilian economy at the level of 42 industries, for the year of 2002. By using this system, it was possible to make an analysis of the role played by the oil and gas complex in the Brazi...

KENYA’S OIL PIPELINE AND TERRORISM

Directory of Open Access Journals (Sweden)

E.O.S.ODHIAMBO

2014-04-01

Full Text Available The threat of Al-Shabaab and Al-Qaeda terrorist attacks on the critical infrastructure (oil pipeline in Kenya has brought to the attention the strategic issue of the energy sector security, highlighting the potential vulnerabilities of this sector. Critical Infrastructure Protection (CIP should be a key component of the national security especially after the Kenya Defence Forces’ (KDF incursion into Somalia. The merger of Al-Shabaab and Al-Qaeda terrorist groups and the accelerated grenades attack against Kenya in retaliation has become the centre of the debate on terrorism and internal security of the Kenya. The energy resources are strategic assets from the security, political and economic point of view. Kenya as an oil transit country is considered of primary strategic importance at international level. International terrorism has always looked with interest at the oil resource in order to meet its political and economic targets. We argue that Kenya’s oil pipelines are vulnerable to Al-Shabaab and Al-Qaeda terrorist attack. In summary, the article looks at the concept of terrorism within the framework of critical infrastructure protection, the dangers of attacks on oil pipelines, Kenya’s government preparedness and recommendations.

China Oil and Gas Market Assessment

International Nuclear Information System (INIS)

Qiu, Yu

2004-08-01

China, with one-fifth of the world's population and one of the fastest rates of economic growth, is experiencing a boom in its energy requirements. China has been identified as a high priority market for the oil and gas sector. This priority has resulted in the high level of investment and many large-scale projects related to the oil and gas industry. Oil production from existing fields is expected to increase, new oil and gas fields will be developed, and the country's oil and gas transmission infrastructure will be extended to meet domestic demands. In addition, total domestic investment needs for the next three decades till 2030 are estimated at around $119 billion, and upstream exploration and development will account for about $69 billion. China's oil and gas exploitation business has been the biggest beneficiary of the bearish crude oil prices, national oil stockpile and the need of infrastructure. In the first six-month period of 2005, this industry has gained a profit of USD16.5 billion, up 73.4 per cent year-on-year. The country is becoming increasingly open to international oil companies, contractors and equipment suppliers, who can bring advanced technology, equipment, and management experience. In this context, considerable opportunities in the supply and service sectors are open to Dutch companies. This report analyses the present situation and market prospect of China upstream oil and gas industry, including: Current status of Chinese oil and gas industry analysis and future development forecast; Potential customers analysis, such as three stated-owned oil companies and their foreign partners;Domestic and foreign competitors analysis; Potential opportunities and challenges analysis; Providing contacts and information on main ongoing oil exploration and development projects, and business practices

Tail dependence between oil and stocks of major oil-exporting countries using the CoVaR approach

Directory of Open Access Journals (Sweden)

Nader Trabelsi

2017-12-01

Full Text Available This paper investigates the negative tail risk dependence between oil shocks and stock indices (at aggregated and desegregated levels for Saudi Arabia (KSA, United Arab Emirates (UAE and Russia, over the period between 2007 and 2016. DCC-MGARCH approach and CoVaR measure are employed to assess the oil shock exposure. The results show that the tail dependence is significant and depends on the origin of the oil shocks, with intensity that varies across countries and sectors. Keywords: Oil price shocks, Oil-exporting countries, Conditional VaR, JEL Classification: C58, G11, Q4

Oil in France: main results in 2008

International Nuclear Information System (INIS)

2008-01-01

This article comments the evolution of oil product prices in France in 2008 and of the global oil product consumption in 2008. This consumption and its evolutions are also analysed with respect to the different consuming sectors: non-energetic uses (petrochemical industry and lubricants), industry, housing and office buildings, agriculture, transports, and electricity thermal production. Crude oil imports and their origins are the commented, as well as refined product imports and exports. The evolution of price of imported crude oil, the national oil production, the refining activity in France, and the amount of crude and refined oil stocks are also briefly commented

Embodied energy use in China's industrial sectors

International Nuclear Information System (INIS)

Liu Zhu; Geng Yong; Lindner, Soeren; Zhao Hongyan; Fujita, Tsuyoshi; Guan Dabo

2012-01-01

As the world’s top energy consumer, China is facing a great challenge to solve its energy supply issue. In this paper energy use from all industrial sectors in China’s economy of 2007 was explored by conducting an extended environmental input–output analysis. We compare the energy consumption embodied in the final demand for goods and services from 29 sectors with the energy demand required for the actual production process in each sector. Two different viewpoints for sectoral energy use have been presented: energy use is directly allocated to the producer entity, and energy use is reallocated to sector’s supply chain from consumption perspective. Our results show that considerable amount of energy use is embodied in the supply chain, especially for “Construction” and “Other Service Activities” sectors, which is not detected if energy use is allocated on a production basis. When further dividing embodied energy consumption into direct energy consumption and indirect energy consumption, total indirect energy consumption is much higher than that of total direct energy consumption, accounting for 80.6% of total embodied energy consumption in 2007. Our results provide a more holistic picture on sectoral energy consumption and therefore can help decision-makers make more appropriate policies. - Highlights: ► A hybrid IO-LCA model was employed to analyze China’s energy use at sectoral level. ► A case study on China’s sectoral energy consumption is done. ► Construction and service sectors are actually energy intensive from the supply chain perspectives. ► Upstream and downstream ectoral collaboration along the whole supply chain is necessary. ► Energy conservation policies should be based upon a comprehensive analysis on sectoral energy use.

Analyzing Broadband Divide in the Farming Sector

DEFF Research Database (Denmark)

Jensen, Michael; Gutierrez Lopez, Jose Manuel; Pedersen, Jens Myrup

2013-01-01

, upstream and downstream connection. The main constraint is that farms are naturally located in rural areas where the required access broadband data rates are not available. This paper studies the broadband divide in relation to the Danish agricultural sector. Results show how there is an important......Agriculture industry has been evolving for centuries. Currently, the technological development of Internet oriented farming tools allows to increase the productivity and efficiency of this sector. Many of the already available tools and applications require high bandwidth in both directions...... difference between the broadband availability for farms and the rest of the households/buildings the country. This divide may be slowing down the potential technological development of the farming industry, in order to keep their competitiveness in the market. Therefore, broadband development in rural areas...

Vicissitudes in the Hong Kong oil market, 1980-97

International Nuclear Information System (INIS)

Chow, L.-H.

2000-01-01

Hong Kong, devoid of natural resources, has to import all the energy it consumes. Up to 1981, oil accounted for almost 100 per cent of the total primary energy requirement, of which about 59 per cent was used to generate electricity. Starting in 1982, the electricity sector switched to coal generation, leading to plummeting oil consumption. The conversion process was essentially completed by 1988. Local sales of oil products declined from 5.790 million kilolitres in 1981 to 3.470m kl in 1987, but climbed back to 5.157m kl in 1997; oil consumption stagnated between 1981 and 1997. This paper analyses the fluctuations in oil consumption during the period, covering use by the utility and non-utility sectors. Next, it deals with consumption of, and the factors involved in, the six major oil products, i.e. fuel oil, diesel, gasoline, liquefied petroleum gas, kerosene and jet fuel. Interestingly, bunker sales, including air and sea transport, rose noticeably during these years, partly offsetting the effect of slumping oil sales to the power plants and helping boost total oil demand in the 1990s. Lastly, a glimpse into the future of the Hong Kong oil market is taken. (author)

Energy taxes and subsidies downstream: transparency and dissemination

International Nuclear Information System (INIS)

Aissaour, A.

2001-01-01

The reasons why governments levy taxes are discussed with special reference to the energy sector. The article focuses on the quantitative aspect of policies and gives a guide to the relevant statistical sources. It summarises the basis of taxes and subsidies and discusses the incidence of energy taxation together with the structure of taxes and subsidies in energy downstream. It reviews the main sources of data and issues highlighted by published statistics and the impact of taxes levied on the consumption of energy products and other taxes (e.g. VAT) which directly affect end-user prices. Production-based levies such as royalties, petroleum revenue taxes, windfall taxes and import and export taxes on fuels are not discussed. The paper is presented under the sub-headings of (i) theoretical foundations in a nutshell; (ii) the incidence of taxation; (iii) the structure and main features of energy taxation (iv) base rate and level of taxation (v) sources of data and methods and (vi) observability and comparability

Economic feasibility study of biodiesel production by direct esterification of fatty acids from the oil and soap industrial sector

Directory of Open Access Journals (Sweden)

M.I. El-Galad

2015-12-01

Full Text Available Industrial production of biodiesel fuel in Egypt by the transesterification of vegetable oils is being faced with the problem of feedstock shortage. Egypt imports annually about 90% of its needs as edible oils for human consumption. The production of biodiesel by direct esterification of fatty acids that can be obtained from the oil and soap industrial sector in huge quantities each year (around 16 thousand tons may be a proper solution to this problem. According to results of a previous study [1], the biodiesel produced following this approach and using methyl alcohol was quite efficient as an alternative fuel for diesel engines. However, the process should be economically feasible for application on an industrial scale. The present study assessed the economic feasibility of biodiesel production by direct fatty acid esterification. Complete process simulation was first carried out using the process simulation software, Aspen HYSYS V7.0. The process was then designed comprising four main steps being esterification, solvent recovery, catalyst removal and water removal. The main processing units include the reactor, distillation column, heat exchangers, pumps and separators. Assuming that the rate of fatty acids esterified was 2 ton/h, all process units required have been sized. Total capital investment, total manufacturing cost and return on investment were all estimated. The latter was found to be 117.1% which means that the production process is quite economically feasible.

Reliable in the long run? Petroleum policy and long-term oil supplier reliability

International Nuclear Information System (INIS)

Toft, Peter; Duero, Arash

2011-01-01

Accelerating oil import dependence in energy consuming nations highlights the importance of having energy supplies at sufficient levels and at stable and reasonable prices. Consequently, it is crucial that oil exporters realize their full production potential. Current debates on energy security are often focused on short-term risks e.g. sudden disruptions due to wars, domestic instability, etc. However, when it comes to assessing oil supplier reliability it is equally important to assess their longer term ability and willingness to deliver oil to the global market. This study analyzes the effects of petroleum investment policies on crude oil production trends in 14 major oil producing countries (2000-2010) by focusing on the political-institutional frameworks that shape the investment conditions for the upstream oil sector. Our findings indicate that countries with less favorable oil sector frameworks systematically performed worse than countries with investor friendly and privatized sectors. The findings indicate that assessments based on remaining reserves and planned production capacities alone could inflate expectations about future oil supplies in a world where remaining crude reserves are located in countries with unfavorable investment frameworks. - Highlights: → We explore if policies favoring state-ownership in upstream oil undermine output expectations. → We compare petroleum policies of 14 major oil producers vis-a-vis production trends 2000-2010. → We find major differences between countries favorable to state-owned or private investors. → Substantial private investment seems needed for oil production to meet long-term demand growth.

Oil and development in Brazil: Between an extractive and an industrialization strategy

International Nuclear Information System (INIS)

Paz, M. José

2014-01-01

In the wake of the commodity boom, “new development strategies” in Latin America are centering on the industrialization of natural resources, thereby questioning the “resource curse” thesis and linking the economic performance of this activity with the institutional framework. In this context, the aim of this paper focusing on the Brazilian oil sector is to analyze the implementation of a resource-based industrialization strategy. After analyzing the Brazilian institutional framework and identifying the key features of a resource-based industrialization strategy, we assess its development and identify its scope and limitations. - Highlights: • We analyze the Brazilian oil sector’s institutional framework. • We analyze the influence of the institutional framework in the Brazilian oil sector performance. • We identify the key features of a resource-based industrialization strategy. • We assess the performance of the Brazilian oil sector and, in particular, its industrialization path

Official quality controls and the fight against fraud in the olive oil sector in Catalonia. Results 2011–2014; Controles oficiales de calidad y lucha contra el fraude en el sector del aceite de oliva en Cataluña. Resultados 2011–2014

Energy Technology Data Exchange (ETDEWEB)

Cugat, G.; Biel, M.R.

2016-07-01

This article highlights the key aspects of the official control procedures concerning quality and in the fight against food fraud in the oil sector implemented in Catalonia by the Ministry for Agriculture, Livestock, Fisheries and Food of the Government of Catalonia and, more specifically, by the Subdirectorate General of Agri-food Inspection and Control. This summarized view focuses on issues related to the legality and competence framework for official controls, the goals and purpose thereof, the area’s object of investigation and technical scope, the stages of the food chain at which measures are carried out, the types of inspection and control actions and the main investigation techniques. It also presents the results of the inspections, with a summary of the types of irregularities detected in the olive oil sector over the 2011–2014 period. [Spanish] En este artículo se exponen los aspectos más relevantes del control oficial en materia de calidad y lucha contra el fraude alimentario en el sector del aceite, efectuado en Cataluña por el Departamento de Agricultura, Ganadería, Pesca y Alimentación de la Generalitat de Catalunya, y en concreto, por la Subdirección General de la Inspección y Control Agroalimentario. De manera resumida se focaliza en los aspectos relacionados con el marco legal y competencial del control oficial, objetivo y finalidad del control oficial, ámbitos objeto de investigación y alcance técnico, fase de la cadena alimenticia donde se realiza, tipo de actuaciones de inspección y control y principales técnicas de investigación. Asimismo, se resentan los resultados de las inspecciones, con un resumen de los tipos de irregularidades detectadas en el sector del aceite de oliva en el período 2011–2014.

Energy sector developments in Central America and the Caribbean

International Nuclear Information System (INIS)

Perez, J.

1997-01-01

Energy sector developments in Central America and the Caribbean were discussed. Central America is composed of six small countries whose total population is 32 million. The Caribbean population is 20.5 million. Central America is generally poor in hydrocarbon reserves but the geological prospects in several of the countries are encouraging. The oil and petroleum products supply and demand picture, the main characteristics of the hydrocarbon market, structure of the oil industry, hydrocarbon market reforms, pricing issues and recent trend towards reforms in the electric power industry in Central America were discussed. An overview of the Inter-American Development Bank's (IDB) effort to provide technical assistance and loans to strengthen the energy sector development in Central America and the Caribbean was also given. 17 refs., 2 tabs., 23 figs

Oil market in Asia. Now and future up to year 2000 and beyond

International Nuclear Information System (INIS)

Shibutani, Yu

1995-01-01

Asia's growing oil demand will be met by imports from the Middle East to an overwhelmingly extent. Therefore, more refining capacity will be needed to cope with the oil demand. New refineries will require the increasingly sophisticated technology to produce higher yields of transportation fuels and older ones will have to be upgrated, which will reshape the integration of downstream activities in this region. Further, East Asia, including China, as a net importer of oil, is vulnerable because of low oil sufficiency and inadequate stockpiling, while oil demand is increasing at remarkable rates. (author)

Endocrine disrupting activities of surface water associated with a West Virginia oil and gas industry wastewater disposal site

International Nuclear Information System (INIS)

Kassotis, Christopher D.; Iwanowicz, Luke R.; Akob, Denise M.; Cozzarelli, Isabelle M.; Mumford, Adam C.; Orem, William H.; Nagel, Susan C.

2016-01-01

Currently, > 95% of end disposal of hydraulic fracturing wastewater from unconventional oil and gas operations in the US occurs via injection wells. Key data gaps exist in understanding the potential impact of underground injection on surface water quality and environmental health. The goal of this study was to assess endocrine disrupting activity in surface water at a West Virginia injection well disposal site. Water samples were collected from a background site in the area and upstream, on, and downstream of the disposal facility. Samples were solid-phase extracted, and extracts assessed for agonist and antagonist hormonal activities for five hormone receptors in mammalian and yeast reporter gene assays. Compared to reference water extracts upstream and distal to the disposal well, samples collected adjacent and downstream exhibited considerably higher antagonist activity for the estrogen, androgen, progesterone, glucocorticoid and thyroid hormone receptors. In contrast, low levels of agonist activity were measured in upstream/distal sites, and were inhibited or absent at downstream sites with significant antagonism. Concurrent analyses by partner laboratories (published separately) describe the analytical and geochemical profiling of the water; elevated conductivity as well as high sodium, chloride, strontium, and barium concentrations indicate impacts due to handling of unconventional oil and gas wastewater. Notably, antagonist activities in downstream samples were at equivalent authentic standard concentrations known to disrupt reproduction and/or development in aquatic animals. Given the widespread use of injection wells for end-disposal of hydraulic fracturing wastewater, these data raise concerns for human and animal health nearby. - Highlights: • Oil and gas wastewater disposal may increase endocrine disrupting activity in water. • Tested EDC activity in surface water near oil and gas wastewater injection site. • Water downstream had significantly

Endocrine disrupting activities of surface water associated with a West Virginia oil and gas industry wastewater disposal site

Energy Technology Data Exchange (ETDEWEB)

Kassotis, Christopher D., E-mail: christopher.kassotis@duke.edu [Nicholas School of the Environment, Duke University, Durham, NC 27708 (United States); Iwanowicz, Luke R. [U.S. Geological Survey, Leetown Science Center, Fish Health Branch, 11649 Leetown Road, Kearneysville, WV 25430 (United States); Akob, Denise M.; Cozzarelli, Isabelle M.; Mumford, Adam C. [U.S. Geological Survey, National Research Program, 12201 Sunrise Valley Drive, MS 430, Reston, VA 20192 (United States); Orem, William H. [U.S. Geological Survey, Eastern Energy Resources Science Center, 12201 Sunrise Valley Drive, MS 956, Reston, VA 20192 (United States); Nagel, Susan C., E-mail: nagels@health.missouri.edu [Department of Obstetrics, Gynecology and Women' s Health, University of Missouri, Columbia, MO 65211 (United States)

2016-07-01

Currently, > 95% of end disposal of hydraulic fracturing wastewater from unconventional oil and gas operations in the US occurs via injection wells. Key data gaps exist in understanding the potential impact of underground injection on surface water quality and environmental health. The goal of this study was to assess endocrine disrupting activity in surface water at a West Virginia injection well disposal site. Water samples were collected from a background site in the area and upstream, on, and downstream of the disposal facility. Samples were solid-phase extracted, and extracts assessed for agonist and antagonist hormonal activities for five hormone receptors in mammalian and yeast reporter gene assays. Compared to reference water extracts upstream and distal to the disposal well, samples collected adjacent and downstream exhibited considerably higher antagonist activity for the estrogen, androgen, progesterone, glucocorticoid and thyroid hormone receptors. In contrast, low levels of agonist activity were measured in upstream/distal sites, and were inhibited or absent at downstream sites with significant antagonism. Concurrent analyses by partner laboratories (published separately) describe the analytical and geochemical profiling of the water; elevated conductivity as well as high sodium, chloride, strontium, and barium concentrations indicate impacts due to handling of unconventional oil and gas wastewater. Notably, antagonist activities in downstream samples were at equivalent authentic standard concentrations known to disrupt reproduction and/or development in aquatic animals. Given the widespread use of injection wells for end-disposal of hydraulic fracturing wastewater, these data raise concerns for human and animal health nearby. - Highlights: • Oil and gas wastewater disposal may increase endocrine disrupting activity in water. • Tested EDC activity in surface water near oil and gas wastewater injection site. • Water downstream had significantly

Oil: economic and political factors

International Nuclear Information System (INIS)

Ayoub, A.

1994-01-01

This article deals with the evolution of the international petroleum sector since 1973 with a special view to interdependence between the economic and political factors that influence it. Two issues are focused upon: (1) the effects of the nationalization of oil companies on the sharing of oil rents and on changes in the structure of the oil market; and (2) the determination of oil prices. The latter involves a discussion of, on the one hand, the political and economic behaviour of the United States and Saudi Arabia and, on the other, the combination of cooperation and conflict that has tended to characterize relations among OPEC countries. (author). 30 refs

Human rights in the energy sector: where are we going?

Energy Technology Data Exchange (ETDEWEB)

Wright, Jim [KBC Advanced Technologies, Surrey (United Kingdom)

2012-07-01

There is considerable guidance and tools to avoid and remediate adverse Human Rights impacts; Environmental Impact Assessment (EIA), specific Human Right Impact Assessments or stand alone assessments across the whole spectrum of Human Rights. However the oil and gas sector has yet to address Human Rights risks in a comprehensive manner. In 2011 the Special Representative of the Secretary-General issued Guiding Principles (GP) to implement the United Nations 'Protect, Respect and Remedy' Framework. A survey of Human Rights performance against GP16 by the largest International Oil Companies (IOCs) and National Oil Companies (NOCs) shows a dichotomy with most (93%) of IOCs having a Human Rights Policy, approved at the highest level and available via the www to the general public (compliant with GP16) whilst 27% of NOCs have a Policy, of which, 9% are GP16 compliant. When service companies are included, only 23% are GP16 compliant. Only 8% provide Human Rights training. Human Rights in 41% of new projects are assessed via an EIA process, 18% via a specific Human Rights process, and 41% do not focus on Human Rights at all. Most companies do not have a Human Rights grievance mechanism. Whilst the IOCs are performing well the rest of the oil and gas sector, including the NOCs and service companies, are under-performing. The apparent reliance on the EIA process to Protect, Respect and Remedy Human Rights may be inadequate as the delivery of EIA is: still heavily biased toward environment compared to social and health impacts; they are time consuming and the Human Rights landscape can change during the EIA process; and the EIA disclosure process may expose vulnerable people to abuse. The oil and gas sector needs to address the record of poor compliance and develop and integrate some of the widely available Human rights tools. (author)

Medium-Term Oil Market Report 2006

Energy Technology Data Exchange (ETDEWEB)

NONE

2006-07-01

How much oil will the world consume in 2011? What role will OPEC play in global oil production? Will biofuels become an important part of the oil market? The International Energy Agencys (IEA) Medium-Term Oil Market Report tackles these questions, adopting a perspective that goes beyond the traditional short-term market analysis provided in the IEAs monthly Oil Market Report. Drawing on current futures curves and the investment threshold for upstream projects, the Medium-Term Oil Market Report analyses how global demand and supply balances may develop in the next five years. The forecasts look in detail at product demand and the supply potential from all the firmly planned individual upstream and downstream projects around the world. The results provide invaluable insights on vital issues such as surplus production capacity and product supply. The rapid pace of change in the oil market means that forecasts can become outdated very quickly. This interim update provides the opportunity to rebase the data and forecasts in the annual Medium-Term Oil Market Report and to discuss and analyse new issues affecting the oil industry. Policymakers, market analysts, energy experts and anyone interested in understanding and following trends in the oil market should find this report extremely useful.

Oil, gas and other energies, a primer

International Nuclear Information System (INIS)

Legault, A.

2007-09-01

At a time when the topic of energy is front and centre, this book examines the basic concepts that are essential to grasping the energy issues of the 21 st century. Ail the main questions that people have about energy, especially oil and gas, are addressed, providing students, academics, journalists, representatives of government and other institutions and interested readers in general with the information they need to understand the complex, multifaceted energy sector. Abundantly illustrated, this book represents five years of exhaustive research on a fascinating and highly controversial topic. If discusses all the processes related to fossil forms of energy, from the formation of hydrocarbons (crude oil and natural gas) to the delivery of oil and gas to consumers. It also examines renewable energy options and climate change issues in addressing the major geopolitical challenges facing the energy sector. Content: 1 - The Extraordinary History of the Earth; 2 - The Formation of Oil and Gas; 3 - Energy, Past and Present; 4 - Renewable Energies; 5 - The Essence of Oil and Gas; 6 - Geography of Oil and Gas; 7 - The Outlook for Petroleum Prices and Demand Until 2030; 8 - Global Warming; 9 - Liquefied Natural Gas;10 - The Big Three: Russia, China and the United States

Energy and exergy efficiencies in Turkish transportation sector, 1988-2004

International Nuclear Information System (INIS)

Ediger, Volkan S.; Camdali, Unal

2007-01-01

This study aims at examining energy and exergy efficiencies in Turkish transportation sector. Unlike the previous studies, historical data is used to investigate the development of efficiencies of 17 years period from 1988 to 2004. The energy consumption values in tons-of-oil equivalent for eight transport modes of four transportation subsectors of the Turkish transportation sector, including hard coal, lignite, oil, and electricity for railways, oil for seaways and airways, and oil and natural gas for highways, are used. The weighted mean energy and exergy efficiencies are calculated for each mode of transport by multiplying weighting factors with efficiency values of that mode. They are then summed up to calculate the weighted mean overall efficiencies for a particular year. Although the energy and exergy efficiencies in Turkish transport sector are slightly improved from 1988 to 2004, the historical pattern is cyclic. The energy efficieny is found to range from 22.16% (2002) to 22.62% (1998 and 2004) with a mean of 22.42±0.14% and exergy efficiency to range from 22.39% (2002) to 22.85% (1998 and 2004) with a mean of 22.65±0.15%. Overall energy and exergy efficiencies of the transport sector consist mostly of energy and exergy efficiencies of the highways subsector in percentages varying from 81.5% in 2004 to 91.7% in 2002. The rest of them are consisted of other subsectors such as railways, seaways, and airways. The overall efficiency patterns are basically controlled by the fuel consumption in airways in spite of this subsector's consisting only a small fraction of total. The major reasons for this are that airways efficiencies and the rate of change in fuel consumption in airways are greater than those of the others. This study shows that airway transportation should be increased to improve the energy and exergy efficiencies of the Turkish transport sectors. However, it should also be noted that no innovations and other advances in transport technologies are

The oil industry in France: contribution to the debate on energy

International Nuclear Information System (INIS)

2012-01-01

Proposed by the professional body of the French oil industry, this document proposes a contribution of this body to the energy challenge. The authors first discuss the context and its evolution in terms of energy demand and of energy sources. They outline the necessary development of renewable energies. While giving recommendations, they state how the oil sector will support the economy and employment, how this sector will keep on exploring and producing hydrocarbons, how the refining activity needs to be adapted, how the oil logistics must evolve, and how the service station network is already evolving

Exports of Palm Oil from Ghana: A Demand Analysis

OpenAIRE

Kuwornu, John K.M.; Darko, Francis A.; Osei-Asare, Yaw B.; Egyir, Irene S.

2009-01-01

Studies have shown that the economy of Ghana cannot afford to rely solely on cocoa exports. It is imperative to diversify the export base of the Ghanaian economy. In this respect, the palm oil sub-sector of the agricultural sector, which until the early part of the 20th century was the major agricultural export commodity of Ghana, needs to be considered for promotion. Currently the palm oil industry faces the challenge of bleak export potential. This study examines trends in the quantity expo...

Algeria, an oil state in danger

International Nuclear Information System (INIS)

Auge, Benjamin

2015-06-01

After having outlined that Algeria possesses one of the most promising geologies regarding oil, gas and shale gas proved and possible reserves, but that conditions imposed to the private sector are such that investments have been decreasing, thus leaving Sonatrach, the national public company, almost alone do develop this oil and gas patrimony, and after having recalled that the world oil sector is facing a major crisis since the collapse of oil prices in 2014, the author proposes an analysis of this situation of lack of interest of private companies in Algeria, and a discussion of the consequences for Sonatrach. He comments results published by this company in terms of drilling activities, notices the very low percentage of private drilling activities, outlines that Sonatrach is facing a very difficult situation (many contractors to be paid, collapse of revenues, and increased consumption) which may impede its ambitious exploration project for the years to come. The author also comments results of the bidding processes which have been disappointing for the last ten years. He outlines that financial scandals and arbitrations contributed to the loss of confidence of foreign oil companies. He comments how projects have been developed during these last ten years, and discusses the strategy envisaged for the exploitation of shale gases

The Environmental Challenges for the Oil Industry

International Nuclear Information System (INIS)

Del Manso, F.

1998-01-01

Oil has been and will continue to be indispensable to assure the growth of the world economy, but it is also responsible to have an impact on the environment. One of the most important challenges for the future, in particular for the oil sector, is to make this growth sustainable for the environment. To do this, refineries must plan a huge amount of investments for the next future to modify substantially their industrial structures to reformulate transportation fuels (diesel and gasoline) to comply the new limits for the emissions generated during the production and distribution of oil products and to apply new safety rules in order to improve the compatibility of the refineries with the territory. To fulfil all this actions the oil sector will have to face very high costs without any certainty of the return of investments, due to the extreme uncertainty to forecast the future oil demand in Italy after the Kyoto Protocol. To be ready within the year 2005, Italian refineries must decide now to invest, but they are not sure to have a market in the future for the products that they are going to produce [it

Crisis and adjustment variables of Mediterranean oil states

International Nuclear Information System (INIS)

Beraud, Philippe; Jablanczy, Adrienne

2010-01-01

This paper deals with the performance of the Mediterranean and the other Arabian oil exporting countries. As far as the resource-based industry is concerned, it could be interesting to notice that the performance of these countries is linked to sectoral mix, nature of industry, type of enterprise, nature of joint-venture contracts and obviously macro-economic policies. The studies on the relationship between oil resources, oil production and valorization and global growth show that oil sector is not reliable, especially if we take into account the gap between low and high absorbing countries in the Arab world. In the first group of countries, oil revenues have a positive and significant effect on economic growth and development. In the second group of countries, oil revenues often copy with the Dutch-disease type resource reallocation process and have a negative effect on growth and development. Three alternative ways seem to be opened for these countries. And we study each of them: growing influence of profit sharing contracts between the state-owned companies and the international oil companies linked to technology transfers agreements, entrepreneurial and managerial trajectories coping with the influence of small and medium enterprises, effects of the regional integration in the framework of the Euro-Mediterranean trade agreements

Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments

Directory of Open Access Journals (Sweden)

Jack M. Mintz

2010-02-01

Full Text Available This paper addresses in depth the impact of both corporate taxes and royalties on the decision to invest in the oil and gas sector for British Columbia, Alberta, Saskatchewan, Nova Scotia and Newfoundland & Labrador and in comparison to Texas. Similar to Chen and Mintz (2009, we estimate the marginal effective tax rate on capital for the oil and gas sector, comparable to other sectors in the economy. In our assessment, we include federal and provincial corporate income taxes, sales taxes on capital purchases and other capital-related taxes in our assessment such as severance taxes and royalties. Except for oil and gas investments in Nova Scotia and Newfoundland & Labrador offshore developments, oil and gas investments bear a higher tax burden compared to other industries in Canada. In other words, oil and gas investments are generally not “subsidized” but bear a higher level of taxes and royalties on investment compared to other industries.

The Role of Environmental Civil Liability in Regulation of Marine Oil Pollution in Norway

OpenAIRE

Denissova, Ekaterina

2008-01-01

Awareness of domestic and international environmental issues has long been high in Norway. As far as marine oil pollution is concerned, Norway is exposed to coastal water pollution arising from such strategically important sectors as the petroleum industry and oil transportation. This paper is an attempt to make a positive economic analysis of environmental civil liability for marine oil pollution in these two sectors. In the theoretical part of this paper (section 2) the standard model o...

Empirical studies on changes in oil governance

Science.gov (United States)

Kemal, Mohammad

Regulation of the oil and gas sector is consequential to the economies of oil-producing countries. In the literature, there are two types of regulation: indirect regulation through taxes and tariffs or direct regulation through the creation of a National Oil Company (NOC). In the 1970s, many oil-producing countries nationalized their oil and gas sectors by creating and giving ownership rights of oil and gas resources to NOCs. In light of the success of Norway in regulating its oil and gas resources, over the past two decades several countries have changed their oil governance by changing the rights given to NOC from ownership right to mere access rights like other oil companies. However, empirical literature on these changes in oil governance is quite thin. Thus, this dissertation will explore three research questions to investigate empirically these changes in oil governance. First, I investigate empirically the impact of the changes in oil governance on aggregate domestic income. By employing a difference-in-difference method, I will show that a country which changed its oil governance increases its GDP per-capita by 10%. However, the impact is different for different types of political institution. Second, by observing the changes in oil governance in Indonesia , I explore the impact of the changes on learning-by-doing and learning spillover effect in offshore exploration drilling. By employing an econometric model which includes interaction terms between various experience variables and changes in an oil governance dummy, I will show that the change in oil governance in Indonesia enhances learning-by-doing by the rigs and learning spillover in a basin. Lastly, the impact of the changes in oil governance on expropriation risk and extraction path will be explored. By employing a difference-in-difference method, this essay will show that the changes in oil governance reduce expropriation and the impact of it is different for different sizes of resource stock.

Bell's risk management product suite meets unique needs of Canada's oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Anon.

2007-01-15

Oil and gas companies are becoming increasingly accountable for the safety and protection of workers. This article provided details of Bell's Risk Management Solution Suite, which was designed to meet the unique needs of the oil and gas sector. Working collaboratively with partners, Bell is now providing a range of applications, including Ekahau's Real Time Location System (RTLS) and the telephone-based Enhanced Contact Solutions (ECS). Both applications help to reduce the risk of both personal and organizational liability. The ECS application allows employees to quickly file a work plan with a defined schedule and timeline. If the employee is stranded or unable to make contact, the application will notify additional personnel. The hosted solution can work with any phone line communication device and is not reliant on an existing Bell customer relationship. The suite's RTLS technology operates within a wireless local area network (WLAN). Using specially designed location tags attached to employees and contractors, the RTLS can track personnel in real time across an entire facility to enhance site safety and security. The system can also be used to create geo-fences to prevent unwanted personnel from visiting higher security zones. The system is capable of tracking more than 10,000 objects, and can also complete approximately 600 location transactions per second. Once installed, the WLAN system enables employees to use laptops and mobile devices around the plant or work site, allowing remote workers to secure access to internal systems and data. It was concluded that the suite will allow oil and gas operators to practice excellent risk management through enhanced connectivity. 2 figs.

Challenges and policies in Indonesia's energy sector

International Nuclear Information System (INIS)

Dutu, Richard

2016-01-01

Fossil fuels are central to Indonesia's energy policy, and its main source of export revenues. However, insufficient investment, the lack of transport infrastructure and an unwieldy regulatory environment are inhibiting the sector from reaching its full potential. Looking ahead, growing environmental concerns combined with sharp falls in coal prices and the on-going shale gas revolution call into question the sustainability of an energy strategy based almost exclusively on fossil fuels. This viewpoint challenges Indonesia's current energy policy and proposes ways to increase its energy efficiency and use of renewables. In particular, its gas sector should be further developed to plug the gap until sufficient renewable energy, especially geothermal, comes on line. Government control over the oil industry via state-owned Pertamina should be gradually reduced. Clarifying, streamlining and publicising simple regulations in energy, especially regarding land rights and on-shore processing, and removing foreign-ownership restrictions will help bring much needed investment. The pressure on the environment of natural resource exploitation should also be addressed by properly defining property rights and regulations regarding forest land, and implementing a positive implicit carbon price. - Highlights: • Indonesia's energy sector faces many regulatory, environmental and infrastructure hurdles. • Indonesia's energy policy can be improved through greater use of renewables, especially geothermal. • The gas sector should be further developed until more renewable energy come on line. • Government control over the oil industry should be reduced to boost investment. • Clarifying and simplifying regulations is key to attracting foreign companies and protecting the environment.

Life cycle inventory of oil palm lumber production: A gate-to-gate case study

Science.gov (United States)

Shamsudin, Noor Ainna; Sahid, Ismail; Mokhtar, Anis; Muhamad, Halimah; Ahmad, Shamim

2018-04-01

Life Cycle Assessment (LCA) has been applied in the Malaysian oil palm industry since 2010. It is important to ensure that this main industry is ready to meet the demands and expectations of European market on the environmental performance of the oil palm industry. In addition, oil palm biomass, especially oil palm trunk (OPT) are abundantly available after replanting every year. In order to maximize the usage of OPT as a green product, it can be converted to palm lumber as a value-added product. Palm lumber act as a basis product from OPT before it is converted to panel product such as plywood, sandwich board and so on. However, the LCA study on palm lumber production is still scarce in Malaysia. Hence, this paper aims to perform and collect the inventory data for palm lumber production, which is known as Life Cycle Inventory (LCI). A gate-to-gate system boundary and the functional unit of 1 m3 of palm lumber produced have been used in this study. This inventory data was collected from three batches of the production cycle. The inputs are mainly the raw materials which are the OPT and the energy from diesel and electricity from the grid. Generally, each consumption of input such as energy and fossil fuel were different at each stage of palm lumber production. Kiln-drying represents a prominent stage in terms of energy consumption, which electrical use in the dryer represents 94% of total electrical grid consumption as compared to another stage of palm lumber production. By adding the inventory information especially in the downstream sector of biomass industry, hopefully it can improve the sustainability of oil palm industry in Malaysia.

Comparison of the reorganisations of BP and Shell and possible opportunities for Middle East and North African Oil companies

Energy Technology Data Exchange (ETDEWEB)

Jenkins, Gilbert

1999-07-01

A critical analysis is provided of the recent reorganisations of the downstream and petrochemical activities of BP and Shell. BP (or BP Amoco including Arco) and Shell are preparing for the next decade anticipating the environment and changing the companies to maximise their profitability in that environment. For the oil producing countries of the Middle East and North Africa (MENA), there are lessons to be learned both from the forecasts which BP Amoco and Shell are making and from the way these companies intend to operate. BP Amoco's view of oil refining is that the surplus capacity is endemic; Shell's view is that it is transient. BP Amoco will market oil products selectively across the world; Shell is still intent on a global approach. Both BP Amoco and Shell will minimise their wholesaling activities in the retail market and expand their merchandising with ever better quality sites. In the petrochemicals sector, the companies are taking similar actions, ie concentrating on positions of strength and selling business activities with low market shares or poor profitability. Petrochemical sites will be favoured when they have access to company produced hydrocarbon feedstocks. From the analysis, it is suggested that MENA oil companies will need to consider carefully the timing of any new refinery building. The reorganisation of the major OECD-based oil companies should offer opportunities for MENA companies to secure outlets for LPG and condensates, to form marketing alliances in OECD markets and to become involved in OECD-based petrochemical businesses.

Comparison of the reorganisations of BP and Shell and possible opportunities for Middle East and North African Oil companies

International Nuclear Information System (INIS)

Jenkins, Gilbert

1999-01-01

A critical analysis is provided of the recent reorganisations of the downstream and petrochemical activities of BP and Shell. BP (or BP Amoco including Arco) and Shell are preparing for the next decade anticipating the environment and changing the companies to maximise their profitability in that environment. For the oil producing countries of the Middle East and North Africa (MENA), there are lessons to be learned both from the forecasts which BP Amoco and Shell are making and from the way these companies intend to operate. BP Amoco's view of oil refining is that the surplus capacity is endemic; Shell's view is that it is transient. BP Amoco will market oil products selectively across the world; Shell is still intent on a global approach. Both BP Amoco and Shell will minimise their wholesaling activities in the retail market and expand their merchandising with ever better quality sites. In the petrochemicals sector, the companies are taking similar actions, ie concentrating on positions of strength and selling business activities with low market shares or poor profitability. Petrochemical sites will be favoured when they have access to company produced hydrocarbon feedstocks. From the analysis, it is suggested that MENA oil companies will need to consider carefully the timing of any new refinery building. The reorganisation of the major OECD-based oil companies should offer opportunities for MENA companies to secure outlets for LPG and condensates, to form marketing alliances in OECD markets and to become involved in OECD-based petrochemical businesses

Socio-Economic Impacts of Oil Development in the Niger- Delta ...

African Journals Online (AJOL)

Although crude oil production has boosted Nigeria's economy, the trickle down effects are hardly felt by ordinary members of the host communities. Instead of sharing in the benefit of the oil sector, the local communities are mainly suffering the negative impacts from this development. We suggest that the government and oil ...

Food, Fracking, and Freshwater: The Potential for Markets and Cross-Sectoral Investments to Enable Water Conservation

Directory of Open Access Journals (Sweden)

Margaret Cook

2016-01-01

Full Text Available Hydraulic fracturing—the injection of pressurized fluid, often water, to increase recovery of oil or gas—has become increasingly popular in combination with horizontal drilling. Hydraulic fracturing improves production from a well, but requires a significant amount of water to do so and could put pressure on existing water resources, especially in water-stressed areas. To supply water needs, some water rights holders sell or lease their water resources to oil and gas producers in an informal water market. These transactions enable the opportunity for cross-sectoral investments, by which the energy sector either directly or indirectly provides the capital for water efficiency improvements in the agricultural sector as a mechanism to increase water availability for other purposes, including oil and gas production. In this analysis, we employ an original water and cost model to evaluate the water market in Texas and the potential for cross-sectoral collaboration on water efficiency improvements through a case study of the Lower Rio Grande Valley in Texas. We find that, if irrigation efficiency management practices were fully implemented, between 420 and 800 million m3 of water could be spared per year over a ten year period, potentially enabling freshwater use in oil and gas production for up to 26,000 wells, while maintaining agricultural productivity and possibly improving water flows to the ecosystem.

The oil companies' move toward energy

International Nuclear Information System (INIS)

Burucoa, X.

1999-01-01

The oil companies have taken advantage of the deregulation of the energy market to extend their core business. By choice or by necessity, they are becoming multi-energy suppliers. Their level of investment in the renewable energy sector goes to show that the trend is a lasting one. The other energy sector companies, whether they are partners or competitors, cannot remain indifferent to this development

Climate friendly technology transfer in the energy sector: A case study of Iran

International Nuclear Information System (INIS)

Talaei, Alireza; Ahadi, Mohammad Sadegh; Maghsoudy, Soroush

2014-01-01

The energy sector is the biggest contributor of anthropogenic emissions of greenhouse gases into the atmosphere in Iran. However, abundant potential for implementing low-carbon technologies offers considerable emissions mitigation potential in this sector, and technology transfer is expected to play an important role in the widespread roll-out of these technologies. In the current work, globally existing low-carbon energy technologies that are compatible with the energy sector of Iran are identified and then prioritised against different criteria (i.e. Multi Criteria Decision Analysis). Results of technology prioritisation and a comprehensive literature review were then applied to conduct a SWOT analysis and develop a policy package aiming at facilitating the transfer of low carbon technologies to the country. Results of technology prioritisation suggest that the transport, oil and gas and electricity sectors are the highest priority sectors from technological needs perspective. In the policy package, while fuel price reform and environmental regulations are categorised as high priority policies, information campaigns and development of human resources are considered to have moderate effects on the process of technology transfer. - Highlights: • We examined the process of technology transfer in the energy sector of Iran. • Multi Criteria Decision Analysis techniques are used to prioritise the technological needs of the country. • Transportation, electricity and oil and gas sectors are found as recipients of new technologies. • A policy package was designed for facilitating technology transfer in the energy sector

Oil and gas exploration and production

International Nuclear Information System (INIS)

Babusiaux, D.; Favennec, J.P.; Bauquis, P.R.; Bret-Rouzaut, N.; Guirauden, D.

2004-01-01

The steps that lead to the production of oil and gas are diverse, complex and costly. They are diverse, because the detection of oil and gas involves input from many specialties, ranging from geology to reservoir engineering. They are complex, as shown by the development of the job of the petroleum architect, who coordinates all the operations. They are costly, as the investments for exploration and production represent more than half of all investments in the oil and gas sector. Moreover, exploration is a risky activity, both from the technical and financial viewpoint: only one well in five produces marketable oil. Meanwhile, the areas for exploration and production are spread throughout the world. This book provides a complete overview of the stakes and challenges involved in oil and gas exploration and production. Following a historical review and a survey of the markets, the technical phases are covered, as are the evaluation of reserves, the estimation of investments and costs, the decision-making and control processes, and the accounting, legal and contractual environment for these activities. The book concludes with a discussion of the role of safety, and of environmental and ethical issues. This work, which is designed for readers concerned with the various aspects of the oil and gas upstream sector, is accessible to all. Contents: 1. Petroleum: a strategic product. 2. Oil and gas exploration and production. 3. Hydrocarbon reserves. 4. Investments and costs. 5. Legal, fiscal and contractual framework. 6. Decision-making on exploration and production. 7. Information, accounting and competition analysis. 8. Health, safety, the environment, ethics. Bibliography. Glossary. Index

New insights into oxidation behaviours of crude oils

Energy Technology Data Exchange (ETDEWEB)

Li, J.; Mehta, S.A.; Moore, R.G. [Calgary Univ., AB (Canada)

2006-07-01

Innovative technologies will be needed to develop many of the world's oil reservoirs in an economically sustainable manner. In recent years, air injection for light oil reservoirs has gained recognition as an Improved Oil Recovery (IOR) process. In this process, the oxygen from the injected air reacts with a small fraction of the reservoir oil at high temperature to produce a mixture of carbon dioxide and nitrogen. The produced gas generated by the reaction mobilizes the oil downstream, thereby sweeping oil towards the production wells. High pressure air injection used in light oil reservoirs differs from the process used in heavy oil reservoirs, despite the fact that various oxidation reaction schemes exist. The key challenge facing the air injection process is the complexity of the oxidation reaction for crude oil and the lack of understanding of the oxidation behavior of light oils. This study identified a range of oxidation behaviors between light oil and heavy oil. The relationship between crude oil composition and its oxidation behaviors was also examined with reference to 3 different oils and their SARA (saturates, aromatics, resins and asphaltenes) fractions. This study was carried out at various pressures and temperatures using thermogravimetry and pressurized differential scanning calorimetry (PDSC) as the thermal analysis techniques.

Increasing the participation of women in energy and mining sectors

Energy Technology Data Exchange (ETDEWEB)

Emerson, C.J. [Canadian Coalition of Women in Engineering, Sciences, Trades and Technology, Mississauga, ON (Canada)

2008-07-01

A significant shortage of skilled trades people in the oil and gas industry is expected by 2016, and there are currently only 1200 geology graduates in Canada to fill an estimated 9000 positions available in 2008. This presentation discussed methods of increasing the participation of women in the energy and mining sectors in Canada. Women comprise 47 per cent of the Canadian workforce, but only 12.2 per cent and 4.0 per cent respectively of the engineering and construction workforce. Various associations have been developed in Newfoundland to encourage women to train for science and engineering positions in the oil and gas industry. The Canadian Coalition of Women in Engineering, Sciences, Trades and Technology (CCWESTT) is a pan-Canadian network that designs outreach and professional development programs for women. CCWESTT takes collaborative action with partners and stakeholders in diverse sectors, and is currently conducting recruitment and retention pilot programs with union training centre administrators in Newfoundland. The programs are designed to develop recruitment, selection, orientation, and human resources strategies for oil and gas companies. CCWESTT will help companies to prevent future skills shortages while ensuring that women contribute to the future of the oil and gas industry. tabs., figs.

Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier

Energy Technology Data Exchange (ETDEWEB)

Barreau, S

2001-11-01

Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the aim of all these strategies was to change the relationships between the oil companies and the upstream oil and gas service firms. (author)

Carbon footprint as an instrument for enhancing food quality: overview of the wine, olive oil and cereals sectors.

Science.gov (United States)

Pattara, Claudio; Russo, Carlo; Antrodicchia, Vittoria; Cichelli, Angelo

2017-01-01

The quantification of greenhouse gases (GHG) emissions represents a critical issue for the future development of agro-food produces. Consumers' behaviour could play an important role in requiring environmental performance as an essential element for food quality. Nowadays, the carbon footprint (CFP) is a tool used worldwide by agro-food industries to communicate environmental information. This paper aims to investigate the role that CFP could have in consumers' choices in three significant agro-food sectors in the Mediterranean area: wine, olive oil and cereals. A critical review about the use of CFP was carried out along the supply chain of these three sectors, in order to identify opportunities for enhancing food quality and environmental sustainability and highlighting how environmental information could influence consumers' preferences. The analysis of the state of the art shows a great variability of the results about GHG emissions referred to agricultural and industrial processes. In many cases, the main environmental criticisms are linked to the agricultural phase, but the other phases of the supply chain could also contribute to the increased CFP. However, despite the wide use of CFP by companies as a communication tool to help consumers' choices in agro-food products, some improvements are needed in order to provide clearer and more understandable information. © 2016 Society of Chemical Industry. © 2016 Society of Chemical Industry.

The Impact of Productivity Increasing in Indonesian Maritim Sector: General Equilibrium Analysis

Directory of Open Access Journals (Sweden)

Widyastutik Widyastutik

2016-09-01

Full Text Available The increase in productivity in the maritime sector will realize the maritime sector as a prime mover. This study aims to analyze the impact of the maritime sector productivity improvement on the performance of the economy. This research simulates increased productivity in the maritime sector (consisting of the fisheries, oil, gas sub-sector and marine transport services sector using the Global Trade Analysis Project (GTAP version 8. Simulation analysis showed an increase in productivity in the maritime sector has a positive impact on welfare, real GDP, and trade balance of Indonesia. However, the impact of the increase in productivity is not followed by an increase in output in all sectors. This indicates that if the increase in productivity occurs only in the maritime sector alone without being followed by an increase in productivity in other sectors, the sectoral performance is not optimal.DOI: 10.15408/sjie.v5i2.3403

Yukon energy sector assessment 2003 : final report

International Nuclear Information System (INIS)

Kishchuk, P.

2003-10-01

A study was conducted to better understand energy issues in the Yukon. The study was based on the Yukon Energy Matrix which looks at the Yukon energy sector from the perspective of the capacity to supply various forms of energy, the markets for energy in the Yukon, and energy users. The sources of non-renewable energy in the Yukon range from natural gas, coal and oil. Renewable energy sources are also diverse and include water, biomass, wind, solar and geothermal. The main sources of electricity production in the Yukon are oil, water and wind. The link between energy and climate change has gained much attention in recent years, resulting in effective measures to conserve energy and increase energy efficiency. Coal, gas and oil are imported into the Yukon from markets in southern Alaska despite the fact that Yukon has its own vast quantities of these fossil-based forms of energy. As a result, the price of fossil-fuels consumed in the Yukon is determined in national and international markets. The absence of non-renewable energy production in the Yukon is also reflected in the lack of pipeline and rail infrastructure in the territory. The Yukon's electricity transmission grid is also very fragmented. For the purpose of this paper, energy use was categorized into the residential, commercial, industrial and transportation sectors. 19 refs., 8 tabs., 12 figs

Applications of biotechnology in the fossil fuel sector

International Nuclear Information System (INIS)

Jack, T.R.

1994-01-01

A review is presented of the effects of micoorganisms on petroleum industry operations and on the potentially significant applications of biotechnology in that sector. Detrimental aspects of microbial activity include the biodegradation of petroleum products and petrochemical products, microbially influenced corrosion, and microbial souring of oil reservoirs by sulfate reducing bacteria. Beneficial aspects include microbially enhanced oil recovery, the mapping of the presence of ethane oxidizing bacteria as an exploration tool, the use of bacterial systems for plugging during hydraulic fracturing, microbially stimulated oil production, microbial dewaxing, use of biopolymers such as xanthan in drilling muds, microbial surfactants and emulsifiers for use in pipelining of viscous oils, microbial upgrading of oil, manufacture of biodegradable products, and bioremediation of contaminated sites. Microbially enhanced oil recovery technologies, well and tank cleaning operations based on microbial formulations, and microbial-based well stimulation and cleaning operations have already reached field trial success, with commercial success in several cases. The hottest area of application in the 1990s will undoubtedly be in the area of biological remediation of hydrocarbon contaminated sites and emissions. 39 refs

Market Brief : Turkey oil and gas pipelines

International Nuclear Information System (INIS)

2001-08-01

This report presented some quick facts about oil and gas pipelines in Turkey and presented opportunities for trade. The key players and customers in the oil and gas sector were described along with an export check list. Turkey is looking into becoming an energy bridge between oil and gas producing countries in the Middle East, Central Asia and Europe. The oil and gas sectors are dominated by the Turkish Petroleum Corporation, a public enterprise dealing with exploration and production, and the State Pipeline Corporation which deals with energy transmission. They are also the key buyers of oil and gas equipment in Turkey. There are several pipelines connecting countries bordering the Caspian Sea. Opportunities exist in the areas of engineering consulting as well as contracting services for oil and gas pipeline transmission and distribution. Other opportunities lie in the area of pipeline construction, rehabilitation, materials, equipment, installation, and supervisory control and data acquisition (SCADA) systems. Currently, the major players are suppliers from Italy, Germany, France, United States and Japan. Turkey has no trade barriers and imported equipment and materials are not subjected to any restriction. The oil and gas market in Turkey expected in increase by an average annual growth rate of 15 per cent from 2001 to 2003. A brief description of pipeline projects in Turkey was presented in this report along with a list of key contacts and support services. 25 refs., 1 append

Are we likely to be short of oil?

International Nuclear Information System (INIS)

Alberganti, M.

2012-01-01

The worldwide demand for oil is expected to grow by 14% between 2010 and 2035. In order to meet this demand, new sources of oil have to be tapped: deep sea wells, extra-heavy crude oils, or oil shales. Their production costs will be far higher and the price for the consumer is likely to reach in a short term range the peak price of 2009: 150 dollar a barrel which is a 50% rise in comparison with today's price. The transport sector uses 50% of the oil production. The shortage of oil could be avoided if adequate investments are made and if electric transport develops. (A.C.)

Oil spill risk assessment : relative impact indices by oil type and location

International Nuclear Information System (INIS)

French-McCay, D.; Beegle-Krause, C.J.; Rowe, J.; Rodriguez, W.; Schmidt Etkin, D.

2009-01-01

The aim of the study was to inform policies related to resource allocation for oil spill prevention, preparedness and response activities in Washington State. Oil spill reports and impact modelling studies were evaluated in order to determine major risk consequence factors including spill volume, location, timing, toxicity, persistence, and expected frequency of spills by sector. The Washington Compensation Schedule pre-assessment screening and oil spill compensation schedule regulations (WCS) designed to consider the sensitivity of oiled areas as well as the relative density and seasonal distributions of sensitive biota. Spill incidents were assigned per-gallon impact scores based on geographic location, oil type, and season. The WCS qualitative rating system was used to assess the potential impacts of spills in different geographic systems. Geographic zones were based on geography, circulation of currents, climate, and the WCS sub-regions in estuarine and marine areas on the Pacific coast of Washington State. Oil types included crude, heavy, and light oils; gasoline; jet fuel; and non-petroleum oils. A habitat index was calculated to represent existing stream conditions. It was concluded that the relative impact risk model is a reliable method for characterizing impacts based on spill volume, oil effects, and vulnerability rankings. 25 refs., 20 tabs., 3 figs

Recent developments in microbial oils production: a possible alternative to vegetable oils for biodiesel without competition with human food?

Directory of Open Access Journals (Sweden)

Gwendoline Christophe

2012-02-01

Full Text Available Since centuries vegetable oils are consumed as human food but it also finds applications in biodiesel production which is attracting more attention. But due to being in competition with food it could not be sustainable and leads the need to search for alternative. Nowdays microbes-derived oils (single cell oils seem to be alternatives for biodiesel production due to their similar composition to that of vegetable oils. However, the cold flow properties of the biodiesel produced from microbial oils are unacceptable and have to be modified by an efficient transesterification. Glycerol which is by product of transesterification can be valorised into some more useful products so that it can also be utilised along with biodiesel to simplify the downstream processing. The review paper discusses about various potent microorganisms for biodiesel production, enzymes involved in the lipid accumulation, lipid quantification methods, catalysts used in transesterification (including enzymatic catalyst and valorisation of glycerol.

The Utilization Of Resources And Regulation Along With Companys Strategies In Managing Oil And Natural Gas Industry In Indonesia

Directory of Open Access Journals (Sweden)

Sigit Rahardjo

2015-08-01

Full Text Available Oil and gas production in Indonesia has been declined since 1995 up to now the effort to increase the production has been done but it does not result yet. In contrast day by day the investment is getting increased and huge on the other hands it becomes a problem and a challenge for Indonesia to meet oil needs as raw material for refined fuel oil either for transportation or industries. Day by day the needs of refined fuel oil is getting increased and huge as it is correlated to the increasing of the number of motorcycles either two-wheeled or four-wheeled as well as the increasing of oil and gas or non-oil and gas industries. Oil and natural industry Resource Base has specific characteristics those are internal factor that uses resource such as high technology huge investment cost as well as competent human resources. Besides the external factor those are good regulations either in the central and regional levels as well as the sector which is very important toward the production performance and the of company managements strategies to manage this industry. This paper attempts to figure out the impact of internal factor in the form of resources and external factor in the form of regulation as well as the effect of production performance toward petroleum companies of upstream sectors in Indonesia and managements role especially petroleum industrialists in managing the company. The wane of oil production and the increasing of refined fuel oil need in Indonesia as well as the increasing of oil production cost then it will affect the industrialists strategies in managing the companies. The resources consist of human resource oil reserve as well as petroleum technologies. While regulation consists of law central and regional government regulations and rules in oil and gas sector. Whereas the companys strategies are explained by production volume and selling volume of oil. Companys performance which sets to work in upstream sector is influenced by

Improved operations through manpower management in the oil sector

International Nuclear Information System (INIS)

Ahmed, Hiba

2007-01-01

The need for improved operations was never higher than today in the oil industry. The world's demand for energy, especially for oil and natural gas, is rising rapidly and for many years to come. In order to meet this rising demand and to keep price volatility to a minimum; oil companies worldwide are looking for ways to improve operations in order to achieve increased production with decreased costs. This paper describes data from Southern Area Oil Operations (SAOO); an organization within the Saudi Arabian Oil Company (ARAMCO), to show how manpower management can be used to achieve improved operations. For the years 1983 to 2004, manpower management in SAOO focused on addressing both the quantity and quality dimensions of manpower. First, the level of manpower gradually declined by 35% for both the Saudi Arab and Expatriate categories for the entire period. Expatriate labor is defined as labor in three main categories: US/Canadian, UK, and Asians and Other Arabs. Second, the level of training slowly increased to align manpower to better fit organizational functions and work responsibilities. Not only a number of new training and development programs were initiated but also the percentage of employees involved in such programs doubled from 4.5% in 1990 to 8.9% in 2004. Third, technology based initiatives such as the use of computers, Internet, and intranet were heavily introduced to employees in the last 10 yrs. Due to these three changes reduced costs and increased manpower efficiency were achieved. In the period 1983 to 2004 the total labor bill declined by 35% and Net Direct Expenditures NDE by 24% after adjusting for inflation and using 2004 dollars. Net Direct Expenditure NDE is defined by SAOO to be the summation of labor cost, material cost, invoices cost, and net service income. In addition two signs of improved efficiency of manpower were apparent in the same period. First, SAOO manpower, despite its smaller size, could actually sustain an increased

Greater oil investment opportunities

International Nuclear Information System (INIS)

Arenas, Ismael Enrique

1997-01-01

Geologically speaking, Colombia is a very attractive country for the world oil community. According to this philosophy new and important steps are being taken to reinforce the oil sector: Expansion of the exploratory frontier by including a larger number of sedimentary areas, and the adoption of innovative contracting instruments. Colombia has to offer, Greater economic incentives for the exploration of new areas to expand the exploratory frontier, stimulation of exploration in areas with prospectivity for small fields. Companies may offer Ecopetrol a participation in production over and above royalties, without it's participating in the investments and costs of these fields, more favorable conditions for natural gas seeking projects, in comparison with those governing the terms for oil

Control Oriented Modeling of a De-oiling Hydrocyclone

DEFF Research Database (Denmark)

Løhndorf, Petar Durdevic; Pedersen, Simon; Bram, Mads Valentin

2015-01-01

-oiling hydrocyclone based on experimental data that can support systematic analysis and control design of hydrocyclone systems. The most widely used control solution of a hydrocyclone is a Pressure Drop Ratio (PDR) control strategy, which is often empirically designed and experimentally tuned in a case-by-case manner......Deoiling hydrocyclones are an important part of the downstream water treatment in offshore oil & gas production, they ensure a low discharge of oil and thus a higher yield of produced oil. This work investigates the possibility of developing a simple control-oriented model of a de....... There is a lack of a systematic and deep-insight analysis of the capability, stability and limitations of these control solutions, as there are few control-oriented models available for de-oiling hydrocyclone systems. This paper proposes a method of retrieving a set of simple 1st-order transfer function models...

Participation in India's oil industry

International Nuclear Information System (INIS)

Bhasin, A.

1995-01-01

The way a small company the size of Niko Resources Ltd. was able to enter the Indian oil patch was described. India was chosen because it presented many indicators of success, including an overall economic growth of 5.3 % in 1994, foreign currency reserves standing at over US $20 billion, exports increase of 20 %, and the introduction of a dramatic program of economic, industrial and trade liberalization. According to most estimates, India's energy demand is likely to increase significantly, and the energy sector will need over US $18 billion worth of expansion by the year 2000. Niko was the first Canadian company to enter the oil and gas exploration and development sector in India, but the competition is becoming fierce. There are two rounds of bidding for exploration each year, and foreign companies are welcome to participate in the existing joint ventures

Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier

Energy Technology Data Exchange (ETDEWEB)

Barreau, S

2001-11-01

Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the aim of all these strategies was to change the relationships between the oil companies and the upstream oil and gas service firms. (author)

Inventory of Green House Gas Emissions from the Energy Sector

International Nuclear Information System (INIS)

Mbuthi, P.N

1998-01-01

The presentation highlighted two features of Kenya's energy sector namely: imported petroleum fuel for modern sector and wood fuel for domestic and informal sectors. The main objectives was to evaluate the amount and type of Green House emitted between 1989 and 1992 from the total national fuel wood consumption, the charcoal production, total charcoal consumption and the generation of possible recommendations on possible options available in the energy sector to mitigate against adverse effects of human induced climate change impacts. Under fossil fuels, the paper looked at emissions resulting from combustion of liquid fossil fuels, burning coal for energy, crude oil refining, storage and handling, whilst under traditional biomass fuels, fuel wood burned from energy, charcoal production and consumption, Nitrous Oxides were targeted

Urban energy consumption and related carbon emission estimation: a study at the sector scale

Science.gov (United States)

Lu, Weiwei; Chen, Chen; Su, Meirong; Chen, Bin; Cai, Yanpeng; Xing, Tao

2013-12-01

With rapid economic development and energy consumption growth, China has become the largest energy consumer in the world. Impelled by extensive international concern, there is an urgent need to analyze the characteristics of energy consumption and related carbon emission, with the objective of saving energy, reducing carbon emission, and lessening environmental impact. Focusing on urban ecosystems, the biggest energy consumer, a method for estimating energy consumption and related carbon emission was established at the urban sector scale in this paper. Based on data for 1996-2010, the proposed method was applied to Beijing in a case study to analyze the consumption of different energy resources (i.e., coal, oil, gas, and electricity) and related carbon emission in different sectors (i.e., agriculture, industry, construction, transportation, household, and service sectors). The results showed that coal and oil contributed most to energy consumption and carbon emission among different energy resources during the study period, while the industrial sector consumed the most energy and emitted the most carbon among different sectors. Suggestions were put forward for energy conservation and emission reduction in Beijing. The analysis of energy consumption and related carbon emission at the sector scale is helpful for practical energy saving and emission reduction in urban ecosystems.

The Saudi electricity sector: pressing issues and challenges

International Nuclear Information System (INIS)

Nachet, Said; Aoun, Marie-Claire

2015-01-01

% of the global GDP and two thirds of world population. - Saudi Arabia is the host of the Muslim holy places Mecca and Medina, attracting some two million pilgrims annually from all over the world, putting the Kingdom as one of the most prominent countries in the Islamic world. However, the Kingdom's role on the global energy scene is endangered by several domestic aspects, mainly linked to its fast-growing population, creating significant economic challenges in providing sufficient employment for its young population. Furthermore, the domestic energy demand is growing at an unsustainable high rate. Some observers see the country becoming a net energy importer if the present path of domestic energy consumption (mainly oil and natural gas) continues in the future. Relying heavily on hydrocarbons as feedstock for the electricity sector, Saudi Arabia is by far the largest user of crude oil for power generation in the world. Oil accounts for two thirds of the input into electricity generation, with natural gas providing most of the remaining portion. The Saudi authorities have realized that there is an urgent need to review the domestic energy policy. With a particular focus on the electricity sector, the policy is based on an ambitious diversification program of the energy mix towards renewable and nuclear energy. However, should the recent slip of oil prices reflect a new level for a long period of time, Saudi authorities, like other oil producing countries, may revise their global energy investment policy. The passing of King Abdallah on January 23 also raises questions about the energy policy path, which could be either confirmed or amended by the new Saudi leadership. This paper reviews the electricity demand patterns and structure in Saudi Arabia. It examines the recent Saudi power sector developments and draws possible avenues to address the numerous related challenges ahead

The oil and gas equipment and services market in India

International Nuclear Information System (INIS)

2002-01-01

In terms of purchasing power, India represents the fourth largest economy in the world. In the year April 1, 2001-Mar 31, 2002, it was estimated that India had a 5.4 per cent growth in gross domestic product (GDP). Canada experienced a 19.9 per cent increase in exports to India in 2001, reaching 656 million dollars. With the world's six-largest energy consumption, oil demand in India is expected to grow to 179 million tonnes in 2006-2007, while the demand for natural gas is expected to reach 231 million cubic metres per day in the same period. To meet this growing demand, India will require investments in the order of 150 billion dollars over the next 10 to 12 years. The oil and gas industry is being opened to the private sector and foreign direct investment, due to new government policies on exploration, production, distribution, and sales. Foreign involvement in exploration, previously restricted to Indian state-owned firms, is now allowed through the New Exploration Licensing Policy. In exploration and production (E and P) activities, as well as the refinery sector, foreign ownership of up to 100 per cent is now allowed. Two Indian companies which dominate the Indian E and P sector, namely Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL), will be upgrading their ageing infrastructure, purchasing new equipment and redeveloping existing oil and gas fields, thereby creating opportunities for the supply of equipment and services. Canadian companies possessing the latest technologies and services in exploration, drilling machinery and equipment, directional drilling services, production machinery and equipment, enhanced recovery services, deep-water drilling equipment and services, and equipment for coal methane E and P should benefit from these opportunities. Over 12,000 kilometres of pipelines are being planned across India, as well as private opportunities in the refinery sector which was opened to the private sector in April 2002. Occasional

The Mexican oil industry

International Nuclear Information System (INIS)

Marcos-Giacoman, E.

1991-01-01

In the environment of growing domestic demand and enhanced international competitiveness, Petroleos Mexicanos (PEMEX)-the Mexican national oil company-faces the challenge of not only responding adequately to the rapid changes taking place in the Mexican economy, but making a significant contribution towards solid and stable growth. This paper reports that the relevant concern is how PEMEX is going to live up to these expectations. The Mexican oil industry, especially including the petrochemical sector, has great potential in terms of an ample domestic market as well as external foreign-currency-generating markets

Biodiesel production from Jatropha curcas oil

Energy Technology Data Exchange (ETDEWEB)

Jain, Siddharth; Sharma, M.P. [Alternate Hydro Energy Centre, Indian Institute of Technology Roorkee, Roorkee, Uttarakhand 247667 (India)

2010-12-15

In view of the fast depletion of fossil fuel, the search for alternative fuels has become inevitable, looking at huge demand of diesel for transportation sector, captive power generation and agricultural sector, the biodiesel is being viewed a substitute of diesel. The vegetable oils, fats, grease are the source of feedstocks for the production of biodiesel. Significant work has been reported on the kinetics of transesterification of edible vegetable oils but little work is reported on non-edible oils. Out of various non-edible oil resources, Jatropha curcas oil (JCO) is considered as future feedstocks for biodiesel production in India and limited work is reported on the kinetics of transesterification of high FFA containing oil. The present study reports a review of kinetics of biodiesel production. The paper also reveals the results of kinetics study of two-step acid-base catalyzed transesterification process carried out at pre-determined optimum temperature of 65 and 50 C for esterification and transesterification process, respectively, under the optimum condition of methanol to oil ratio of 3:7 (v/v), catalyst concentration 1% (w/w) for H{sub 2}SO{sub 4} and NaOH and 400 rpm of stirring. The yield of methyl ester (ME) has been used to study the effect of different parameters. The maximum yield of 21.2% of ME during esterification and 90.1% from transesterification of pretreated JCO has been obtained. This is the first study of its kind dealing with simplified kinetics of two-step acid-base catalyzed transesterification process carried at optimum temperature of both the steps which took about 6 h for complete conversion of TG to ME. (author)

Oil policies and privatization strategies in Mexico: implications for the petrochemical sector and its production spaces

International Nuclear Information System (INIS)

Laguna, N.M.

2004-01-01

Through a retrospective analysis of Mexico's oil history, this work examines the privatization processes that occurred in the petrochemical sector, from the abolishment of the government's monopoly, Petroleos Mexicanos (PEMEX) during the 1980s, until the restructuring and open liberalization in the early 1990s, focusing on the areas incorporated to production processes, particularly along the Gulf coast. As a result of the industrial policies and regional development strategies promoted by the government from the sixties, oriented towards strengthening production in areas with the highest potential, attractive business investment areas were developed. These included southern Tamaulipas, a strategic region where a number of industrial factors facilitated access to raw materials at competitive prices, as well as their processing and distribution to local and international markets, all of these within a single location. The strategic nature of the petrochemical location and production have made southern Tamaulipas a key factor for the territorial shaping and industrial development linked to the behavior of transnational companies that, seeking comparative advantages, have relocated parts of their production capacity in this region

Angola Economy: Economic Growth and Vulnerability of External Sector

Directory of Open Access Journals (Sweden)

Ulises Pacheco-Feria

2015-11-01

Full Text Available Angola is among the 15th most dynamic economies in Africa, economic growth is based on the expansion of oil production. This is close to two million barrels per day, placing the country among the major oil producers in the world. At the same time, Angola shares the characteristics of so-called Least Developed Countries and faces serious structural challenges. At present there are at least three threats targeting Angolan external sector, namely the high propensity to import, the volatility of oil prices and the slowdown in the Chinese economy. The present work aims to identify these threats as a latent danger that hangs over the Angolan economy in the medium.

Effects of an oil spill on leafpack-inhabiting macroinvertebrates in the Chariton river, Missouri

Science.gov (United States)

Poulton, B.C.; Callahan, E.V.; Hurtubise, R.D.; Mueller, B.G.

1998-01-01

Artificial leaf packs were used to determine the effects of an oil spill on stream macroinvertebrate communities in the Chariton River, Missouri. Plastic mesh leaf retainers with approximately 10 g of leaves from five tree species were deployed at five sites (two upstream of the spill and three downstream) immediately after the spill and one year later. Four macroinvertebrate species dominating the community at upstream sites were virtually eliminated below the spill, including the stonefly Isoperla bilineata, the caddisfly Potamyia flava, the midge Thienemanniella xena, and blackfly larvae (Simulium sp.). Density of collector and shredder functional groups, and number of shredder taxa differed between upstream sites and the two furthest downstream sites during the 1990 sample period (Kruskal-Wallis w/Bonferroni paired comparisons, experiment wise error rate = 0.05). With one exception, no differences between sites were detected in the 1991-1992 sample period, indicating that the benthic community had at least partially recovered from the oil spill after one year. The odds of obtaining a sample with a small abundance of shredders (abundance < median) in 1990 was significantly greater downstream of the spill than upstream, and the odds of obtaining a sample with a small abundance of shredders at downstream sites was greater in 1990 than in 1991-1992. A similar pattern was observed in abundance and taxa richness of the collector functional group. No significant differences between the two sampling periods were detected at upstream sites. Observed effects appeared to be associated with oil sorption and substrate coating, creating conditions unsuitable for successful colonization.

Environmental monitoring of tritium risk along Romanian Danube sector

International Nuclear Information System (INIS)

Varlam, C.; Stefanescu, I.; Popescu, I.; Faurescu, I.; Dobrinescu, D.

2009-01-01

Danube basin covers the Romanian-Bulgarian sub-basin downstream of Cazane Gorge and the sub-basins of Siret and Prut rivers. Cernavoda Nuclear Power, operating a CANDU type reactor, is located in this region upstream Danube delta. Taking into account the future development of this important Romanian nuclear objective, the knowledge of the present status of tritium level becomes a necessity. Therefore, an extensive monitoring program for this radioisotope has been started along the Romanian sector of the Danube River basin, starting with Cazane Gorge and ending with Danube Delta. The tributaries from this sector: Cerna, Jiu, Olt, Arges rivers are included also in this seasonal monitoring. The average results of the seasonal variation for tritium level during 2006-2007 periods in 12 locations of mentioned areas are presented in the paper. (author)

Strategic policy and the logistics of crude oil transit in Lithuania

International Nuclear Information System (INIS)

Pasukeviciute, Irma; Roe, Michael

2005-01-01

This paper examines the crude oil transit market in Lithuania and the significant economic and political role played by Russia. Beginning with an analysis of the strategic and political role played by crude oil in Lithuania there follows a discussion of the policies followed by the Lithuanian authorities following independence in 1992 from the Former Soviet Union. A content analysis approach is taken to establishing the main policy issues that dominate the sector. This technique combines both quantitative and qualitative approaches to a review of published material on oil transit in Lithuania and acts as a means of assessing expert opinion on the issues involved. The results from this analysis will be used in developing policy initiatives for the sector. The paper ends with some suggestions for further applications of the techniques used to oil transit policy issues in the region

The gas market and sector in France. Situation and predictions 2018 - Sector and competitive analysis

International Nuclear Information System (INIS)

2017-01-01

Through a detailed analysis of market determining factors, of evolutions of supply and demand, and of major events in firms life, this set of two reports proposes an analysis of the recent situation of the gas sector and of the evolutions of the competitive game. The first report on situation and predictions which is updated three times a year, proposes a synthesis on the consequences of the evolution of the economic environment, on major trends noticed for the sector, and on predictable evolutions. It proposes the most recent predictions regarding natural gas consumption in France and the turnover of the gas sector. It highlights recent events for companies of the sector: takeovers, investments, restructuring, introduction of new products, and so on. It proposes a sector-based dashboard which contains all the critical figures useful to analyse the sector situation (activity determining factors, key figures for the sector and its environment). The second report (the annual one) proposes an overview of trends and competition within the gas sector. It gives an overview of some basic aspects of the activity (sector organisation, gas categories, main customer markets, gas consumption in industry), and of its determining factors, analyses the sector environment (sites connected to the natural gas network, evolution of average temperatures in France, production by chemical industry, by the food industry, and by metallurgy and oil refining, thermal production of electricity, regulatory evolution regarding supports to energy efficiency, and new opportunities). The evolution of the sector activity is analysed through its trends and indicators (turnovers, gas consumption, butane-propane deliveries, wholesale prices, regulated tariffs). The economic structure is also analysed: aspects related to the upstream part (extraction, injection of biogas, natural gas main input and output points, transport and storage, natural gas distribution), and aspects related to gas provision

Solving the oil independence problem: Is it possible?

International Nuclear Information System (INIS)

Sovacool, Benjamin K.

2007-01-01

As currently discussed in political circles, oil independence is unattainable - lacking coherent meaning and wedding policymakers to the notion that they can never accomplish it. Contrary to this thinking, more than a dozen different sets of technologies and practices could increase domestic supply and reduce demand for oil to the point of making the US functionally independent from oil price shocks. However, achieving this goal demands concerted action to expand and diversify conventional domestic oil supplies, reduce overall demand in the transportation and buildings sector, and continue to develop alternative fuels. If policymakers undertook such actions today, the US could become oil independent by 2030. (author)

Environmental signatures and effects of an oil and gas wastewater spill in the Williston Basin, North Dakota

Science.gov (United States)

Cozzarelli, Isabelle M.; Skalak, Katherine; Kent, D.B.; Engle, Mark A.; Benthem, Adam J.; Mumford, Adam; Haase, Karl B.; Farag, Aïda M.; Harper, David; Nagel, S. C.; Iwanowicz, Luke R.; Orem, William H.; Akob, Denise M.; Jaeschke, Jeanne B.; Galloway, Joel M.; Kohler, Matthias; Stoliker, Deborah L.; Jolly, Glenn D.

2017-01-01

Wastewaters from oil and gas development pose largely unknown risks to environmental resources. In January 2015, 11.4 M L (million liters) of wastewater (300 g/L TDS) from oil production in the Williston Basin was reported to have leaked from a pipeline, spilling into Blacktail Creek, North Dakota. Geochemical and biological samples were collected in February and June 2015 to identify geochemical signatures of spilled wastewaters as well as biological responses along a 44-km river reach. February water samples had elevated chloride (1030 mg/L) and bromide (7.8 mg/L) downstream from the spill, compared to upstream levels (11 mg/L and < 0.4 mg/L, respectively). Lithium (0.25 mg/L), boron (1.75 mg/L) and strontium (7.1 mg/L) were present downstream at 5–10 times upstream concentrations. Light hydrocarbon measurements indicated a persistent thermogenic source of methane in the stream. Semi-volatile hydrocarbons indicative of oil were not detected in filtered samples but low levels, including tetramethylbenzenes and di-methylnaphthalenes, were detected in unfiltered water samples downstream from the spill. Labile sediment-bound barium and strontium concentrations (June 2015) were higher downstream from the Spill Site. Radium activities in sediment downstream from the Spill Site were up to 15 times the upstream activities and, combined with Sr isotope ratios, suggest contributions from the pipeline fluid and support the conclusion that elevated concentrations in Blacktail Creek water are from the leaking pipeline. Results from June 2015 demonstrate the persistence of wastewater effects in Blacktail Creek several months after remediation efforts started. Aquatic health effects were observed in June 2015; fish bioassays showed only 2.5% survival at 7.1 km downstream from the spill compared to 89% at the upstream reference site. Additional potential biological impacts were indicated by estrogenic inhibition in downstream waters. Our findings demonstrate that

Environmental signatures and effects of an oil and gas wastewater spill in the Williston Basin, North Dakota.

Science.gov (United States)

Cozzarelli, I M; Skalak, K J; Kent, D B; Engle, M A; Benthem, A; Mumford, A C; Haase, K; Farag, A; Harper, D; Nagel, S C; Iwanowicz, L R; Orem, W H; Akob, D M; Jaeschke, J B; Galloway, J; Kohler, M; Stoliker, D L; Jolly, G D

2017-02-01

Wastewaters from oil and gas development pose largely unknown risks to environmental resources. In January 2015, 11.4ML (million liters) of wastewater (300g/L TDS) from oil production in the Williston Basin was reported to have leaked from a pipeline, spilling into Blacktail Creek, North Dakota. Geochemical and biological samples were collected in February and June 2015 to identify geochemical signatures of spilled wastewaters as well as biological responses along a 44-km river reach. February water samples had elevated chloride (1030mg/L) and bromide (7.8mg/L) downstream from the spill, compared to upstream levels (11mg/L and <0.4mg/L, respectively). Lithium (0.25mg/L), boron (1.75mg/L) and strontium (7.1mg/L) were present downstream at 5-10 times upstream concentrations. Light hydrocarbon measurements indicated a persistent thermogenic source of methane in the stream. Semi-volatile hydrocarbons indicative of oil were not detected in filtered samples but low levels, including tetramethylbenzenes and di-methylnaphthalenes, were detected in unfiltered water samples downstream from the spill. Labile sediment-bound barium and strontium concentrations (June 2015) were higher downstream from the Spill Site. Radium activities in sediment downstream from the Spill Site were up to 15 times the upstream activities and, combined with Sr isotope ratios, suggest contributions from the pipeline fluid and support the conclusion that elevated concentrations in Blacktail Creek water are from the leaking pipeline. Results from June 2015 demonstrate the persistence of wastewater effects in Blacktail Creek several months after remediation efforts started. Aquatic health effects were observed in June 2015; fish bioassays showed only 2.5% survival at 7.1km downstream from the spill compared to 89% at the upstream reference site. Additional potential biological impacts were indicated by estrogenic inhibition in downstream waters. Our findings demonstrate that environmental signatures

The economic growth of oil countries

International Nuclear Information System (INIS)

Arbod, G.

2007-02-01

The literature tries to apprehend the weakness of the economic growth of oil culminates by the assumption of ousted growth factors. In the Dutch Disease models the non-oil exporting sector would be ousted whereas in the analyses in terms of economic policies it would be the efficient economic policies. We consider the phenomenon through the growth theories, the oil income being regarded as an additional exogenous income for the economy. In this manner the growth dynamic of oil countries, even the most unfavourable, can be modelled without utilizing any concept of economic inefficiency. The last part of our work is devoted to the Saudi economy. After having developed a macro-econometric model, and using scenarios of oil prices, we lead a forecasted analysis of this economy. (author)

Placing Brazil's heavy acid oils on international markets

International Nuclear Information System (INIS)

Szklo, Alexandre Salem; Machado, Giovani; Schaeffer, Roberto; Felipe Simoes, Andre; Barboza Mariano, Jacqueline

2006-01-01

This paper identifies the international market niches of Brazil's heavy acid oils. It analyzes the perspectives for making wider use of heavy acid oils, assessing their importance for certain oil-producing regions such as Brazil, Venezuela, West Africa, the North Sea and China. Within this context, the oil produced in the Marlim Field offshore Brazil is of specific interest, spurred by the development of its commercial brand name for placement on international markets and backed by ample production volumes. This analysis indicates keener international competition among acid oils produced in Brazil, the North Sea and the West Coast of Africa, through to 2010. However, over the long term, refinery conversion capacity is the key factor for channeling larger volumes of heavy acid oils to the international market. In this case, the future of acid oil producers will depend on investments in refineries close to oil product consumption centers. For Brazil, this means investments in modifying its refineries and setting up partnerships in the downstream segment for consumer centers absorbing all products of high added value, such as the USA and even Southeast Asia and Western Europe

Medium-Term Oil Market Report (MTOMR) 2008

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-07-15

Why have oil prices hit US$140 per barrel? How strong will oil demand be in the upcoming years? Will supply of crude oil, natural gas liquids and biofuels be sufficient to meet this future demand? And, no less crucially, what investments in refining capacity and technology can we expect and will these help ease some of the imbalance in strained oil product markets? The Medium-Term Oil Market Report (now in its third year) published by the International Energy Agency (IEA) has become a new benchmark, complementing the short-term market analysis provided in the IEA Oil Market Report. This year's edition reappraises all upstream and downstream projects worldwide, setting them against a revised demand forecast and expanding the time horizon to 2013. Special features this year include in-depth analyses of price formation, transport trends, non-OECD economies, non-OPEC production decline, project slippage, key crude export pipeline developments and a stronger emphasis on product supply bottlenecks. An essential report for all policy makers, market analysts, energy experts and anyone interested in understanding and following oil market trends, the Medium-Term Oil Market Report is a further element of the strong commitment of the IEA to improving and expanding the quality, timeliness and accuracy of energy data and analysis.

Medium-Term Oil Market Report (MTOMR) 2008

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-07-15

Why have oil prices hit US$140 per barrel? How strong will oil demand be in the upcoming years? Will supply of crude oil, natural gas liquids and biofuels be sufficient to meet this future demand? And, no less crucially, what investments in refining capacity and technology can we expect and will these help ease some of the imbalance in strained oil product markets? The Medium-Term Oil Market Report (now in its third year) published by the International Energy Agency (IEA) has become a new benchmark, complementing the short-term market analysis provided in the IEA Oil Market Report. This year's edition reappraises all upstream and downstream projects worldwide, setting them against a revised demand forecast and expanding the time horizon to 2013. Special features this year include in-depth analyses of price formation, transport trends, non-OECD economies, non-OPEC production decline, project slippage, key crude export pipeline developments and a stronger emphasis on product supply bottlenecks. An essential report for all policy makers, market analysts, energy experts and anyone interested in understanding and following oil market trends, the Medium-Term Oil Market Report is a further element of the strong commitment of the IEA to improving and expanding the quality, timeliness and accuracy of energy data and analysis.

Oil refining expansion criteria for Brazil

International Nuclear Information System (INIS)

Tavares, M.E.E.; Szklo, A.S.; Machado, G.V.; Schaeffer, R.; Mariano, J.B.; Sala, J.F.

2006-01-01

This paper assesses different strategies for the expansion of Brazil's oil refining segment, using criteria that range from energy security (reducing imports and vulnerability for key products) through to maximizing the profitability of this sector (boosting the output of higher value oil products) and adding value to Brazil's oil production (reducing exports of heavy acid oil). The development prospects are analyzed for conventional fuel production technology routes, sketching out three possible refining schemes for Brazilian oil and a GTL plant for producing gasoil from natural gas. Market scenario simulations indicate that investments will be required in Brazil's oil refining segment over and above those allocated to planned modifications in its current facilities, reducing the nation's vulnerability in terms of gasoil and petrochemical naphtha imports. Although not economically attractive, oil refining is a key activity that is crucial to oil company strategies. The decision to invest in this segment depends on local infrastructure conditions, environmental constraints and fuel specifications, in addition to oil company strategies, steady growth in demand and the definition of a government policy that eases institutional risks. (author)

Oil refining expansion criteria for Brazil

International Nuclear Information System (INIS)

Tavares, Marina Elisabete Espinho; Szklo, Alexandre Salem; Machado, Giovani Vitoria; Schaeffer, Roberto; Mariano, Jacqueline Barboza; Sala, Janaina Francisco

2006-01-01

This paper assesses different strategies for the expansion of Brazil's oil refining segment, using criteria that range from energy security (reducing imports and vulnerability for key products) through to maximizing the profitability of this sector (boosting the output of higher value oil products) and adding value to Brazil's oil production (reducing exports of heavy acid oil). The development prospects are analyzed for conventional fuel production technology routes, sketching out three possible refining schemes for Brazilian oil and a GTL plant for producing gasoil from natural gas. Market scenario simulations indicate that investments will be required in Brazil's oil refining segment over and above those allocated to planned modifications in its current facilities, reducing the nation's vulnerability in terms of gasoil and petrochemical naphtha imports. Although not economically attractive, oil refining is a key activity that is crucial to oil company strategies. The decision to invest in this segment depends on local infrastructure conditions, environmental constraints and fuel specifications, in addition to oil company strategies, steady growth in demand and the definition of a government policy that eases institutional risks

Fugitive emission inventory from Brazilian oil and gas industry (2000-2005) and discussion of mitigation measures

Energy Technology Data Exchange (ETDEWEB)

Carloni, Flavia A.; D' Avignon, Alexandre; La Rovere, Emilio L. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Centro Clima

2008-07-01

The objective of this work is to evaluate current emissions of GHGs within the Brazilian oil and gas industry, specifically the fugitive emissions arising from exploration and production. Besides, projects for mitigating these emissions and opportunities for the national industry are investigated. Results show that N{sub 2}O contributes little to fugitive emissions from the oil and gas industry, principally from gas sector. NMVOC emissions are significant, principally from the oil sector. In relation to CO{sub 2} and CH{sub 4} emissions, the oil sector emits more CO{sub 2} while the gas sector contributes more to CH{sub 4} emissions. In both sectors flaring is the activity that emits most CO{sub 2}. In relation to CH{sub 4} the principal contribution to emissions are from exploration and production onshore, although offshore activities as a whole play a greater part in the national industry. The results make it clear that the use of gas from flaring activity is a great opportunity for emission mitigation projects. From a business point of view, methane emissions could mean lost opportunities in selling natural gas. The Kyoto Protocol mechanisms, as the Clean Development Mechanism and Joint Implementation actions, provide the opportunity to stimulate investments in projects for reducing flaring and venting of associated gas. (author)

The changing structure of the international oil industry: implications for OPEC

International Nuclear Information System (INIS)

Abdalla, K.L.; )

1995-01-01

This paper examines the changes in international oil market structure observed in the 1980s and early 1990s and assesses possible effects on oil market conditions in the future and implications for OPEC. It focuses on the trend toward a more vertical organization mainly resulting from substantial purchases of downstream assets by state owned oil companies in major oil producing countries. While the Gulf war prevented greater horizontal concentration of oil reserves, it merely interrupted the trend toward vertical concentration in the international oil industry. The vertical integration of only some of the OPEC members will cause a further divergence of goals within the organization resulting in a lower likelihood of OPEC regaining its former position as an effective cartel. If the trend toward greater vertical concentration increases, future oil prices will, in part, be affected by decisions made by vertically integrated firms. (author)

THE SITUATION OF IRAQI OIL INDUSTRY AND ITS PROSPECTS

Directory of Open Access Journals (Sweden)

Al Dulaimi Haidar Ali

2013-11-01

Full Text Available Iraq is a major oil producer and exporter(the second one after Saudi Arabia, member of OPEC and was able to reform its oil sector and to gradually pass to a market economy system, by restructuring and privatizing its oil production, processing and distribution. Some medium term and long term priorities set for economic development are presented in the article and also investment and business opportunities existing for domestic and foreign investors.

Oil sands economic impacts Canada : CERI report : backgrounder

International Nuclear Information System (INIS)

2005-09-01

Oil sands production now accounts for 1 out of every 2 barrels of supply in Western Canada. It is anticipated that Alberta's oil sands sector will experience significant growth over the next few decades. This paper provided an outline of the challenges and economic impacts resulting from oil sands development in Canada. Alberta's oil sands reserves are estimated at 175 billion barrels that are deemed economically recoverable using current technology. At current production levels, reserves will sustain production of 2.5 million barrels per day for the next 200 years. A study by the Canadian Energy Research Institute (CERI) has forecast $100 billion in investment for the 2000-2020 period. Numerous companies hold leases and are planning new projects. A number of recent advances in oil sands technology are expected to further reduce costs as development matures. A royalty and tax regime that provides long-term fiscal certainty is a key factor that supports current oil sands growth forecasts. The CERI study has indicated that economic spinoffs from oil sands development relate to employment generated outside of Alberta, and that the largest percentage of government revenue accrues to the federal government. However, development may be constrained because the pace of growth in the sector may exceed underlying infrastructure related to roads, housing and municipal services. An adequate workforce of qualified trades and technical and professional people is also crucial. Several pipeline projects have been proposed to deliver oil sands crudes to new markets over the next decade. It was concluded that the billions of dollars invested in oil sands in Alberta will contribute to the economic prosperity of the entire country. 11 figs

Dynamic investigation of nutrient consumption and injection strategy in microbial enhanced oil recovery (MEOR) by means of large-scale experiments.

Science.gov (United States)

Song, Zhiyong; Zhu, Weiyao; Sun, Gangzheng; Blanckaert, Koen

2015-08-01

Microbial enhanced oil recovery (MEOR) depends on the in situ microbial activity to release trapped oil in reservoirs. In practice, undesired consumption is a universal phenomenon but cannot be observed effectively in small-scale physical simulations due to the scale effect. The present paper investigates the dynamics of oil recovery, biomass and nutrient consumption in a series of flooding experiments in a dedicated large-scale sand-pack column. First, control experiments of nutrient transportation with and without microbial consumption were conducted, which characterized the nutrient loss during transportation. Then, a standard microbial flooding experiment was performed recovering additional oil (4.9 % Original Oil in Place, OOIP), during which microbial activity mostly occurred upstream, where oil saturation declined earlier and steeper than downstream in the column. Subsequently, more oil remained downstream due to nutrient shortage. Finally, further research was conducted to enhance the ultimate recovery by optimizing the injection strategy. An extra 3.5 % OOIP was recovered when the nutrients were injected in the middle of the column, and another additional 11.9 % OOIP were recovered by altering the timing of nutrient injection.

Impact of Fukushima nuclear disaster on oil-consuming sectors of Japan

OpenAIRE

Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki; Rasoulinezhad, Ehsan

2017-01-01

The Fukushima Daiichi nuclear disaster was an accident at the Fukushima I Nuclear Power Plant in Fukushima, Japan, which resulted primarily from the tsunami following the Tohoku earthquake on 11 March 2011, and which led to year-long nuclear shutdown in the country. During the shutdown, Japan substituted fossil fuels for nuclear power and became more dependent on import and consumption of fossil fuels including oil, gas, and coal. In this paper, we try to shed light on the elasticity of oil c...

Evidence on the nature and extent of the relationship between oil prices and equity values in the UK

International Nuclear Information System (INIS)

El-Sharif, Idris; Brown, Dick; Burton, Bruce; Nixon, Bill; Russell, Alex

2005-01-01

A number of recent studies have found a link between movements in crude oil prices and equity values. However, the literature concentrates almost exclusively on North American and Australian data and is primarily conducted at a stock market-wide level. The present study therefore investigates the relationship between the price of crude oil and equity values in the oil and gas sector using data relating to the United Kingdom, the largest oil producer in the European Union. The evidence indicates that the relationship is always positive, often highly significant and reflects the direct impact of volatility in the price of crude oil on share values within the sector. (Author)

The evolution of oil refining in Europe

Energy Technology Data Exchange (ETDEWEB)

Reid, A. [CONCAWE, Brussels (Belgium)

2013-04-01

Back in 1963 when CONCAWE was founded, the world looked very different from what it is today, and so did the global and European refining industry. Oil product markets were expanding fast and new refineries were being built at a steady rate. The oil crisis of the 1970s brought an abrupt end to this, heralding a long era of consolidation and stepwise adaptation. At the same time the nature of the global oil business shifted from fully integrated companies producing, transporting and refining their own oil to a much more diversified situation where oil production ('upstream') and refining/distribution ('downstream') gradually became two essentially separate businesses. From being purely a 'cost centre' in an integrated chain, refining has become a separate activity in its own right, operating as a 'profit centre' between two global markets - crude oil and products - which, although not entirely independent, have their own dynamics and influences. In addition demand gradually shifted towards lighter products while the quality requirements on all products were considerably tightened. This article explores the new challenges that these changes have imposed on EU refiners, and describes CONCAWE's contributions to understanding their impact on refinery production and investments.

Oil Dependence, Climate Change and Energy Security: Will Constraints on Oil Shape our Climate Future or Vice Versa?

Science.gov (United States)

Mignone, B. K.

2008-12-01

Threats to US and global energy security take several forms. First, the overwhelming dependence on oil in the transport sector leaves the US economy (and others) vulnerable to supply shocks and price volatility. Secondly, the global dependence on oil inflates prices and enhances the transfer of wealth to authoritarian regimes. Finally, the global reliance on fossil fuels more generally jeopardizes the stability of the climate system. These three threats - economic, strategic and environmental - can only be mitigated through a gradual substitution away from fossil fuels (both coal and oil) on a global scale. Such large-scale substitution could occur in response to potential resource constraints or in response to coordinated government policies in which these externalities are explicitly internalized. Here, I make use of a well-known integrated assessment model (MERGE) to examine both possibilities. When resource limits are considered alone, global fuel use tends to shift toward even more carbon-intensive resources, like oil shale or liquids derived from coal. On the other hand, when explicit carbon constraints are imposed, the fuel sector response is more complex. Generally, less stringent climate targets can be satisfied entirely through reductions in global coal consumption, while more stringent targets require simultaneous reductions in both coal and oil consumption. Taken together, these model results suggest that resource constraints alone will only exacerbate the climate problem, while a subset of policy-driven carbon constraints may yield tangible security benefits (in the form of reduced global oil consumption) in addition to the intended environmental outcome.

International oil and gas imnvestment: moving eastward?

International Nuclear Information System (INIS)

Waelde, T.W.; Ndi, G.K.

1994-01-01

Emerging trends in international oil and gas investment are surveyed in this volume. There is a particular emphasis on the evolution in investment conditions, the environment, and the relationship between the international petroleum industry and the oil and gas sectors in Russia, the Commonwealth of Independent States, and Eastern Europe. A number of legislative documents appear as annexes. A separate abstract has been prepared for each of the 23 chapters. (UK)

Bolivian petroleum privatization taking shape

International Nuclear Information System (INIS)

Anon.

1995-01-01

Bolivia is boldly embracing a free market philosophy that extends to liberalization of the country's petroleum sector. Although petroleum industry privatization is being considered by several South American countries, only Argentina has so far completely opened its oil sector and fully privatized its state oil company. The Bolivian government's own version of privatization, capitalization, is a groundbreaking attempt to attract massive investment from the private sector without leaving the government open to accusations of stripping the country's assets for short term electoral gain. The paper discusses the government's strategy to sell the state owned company either as a single unit or to split it into upstream and downstream units. Questions still to be resolved, international interest in the move, bolivian potential, and the gas supply infrastructure are also discussed

Lithuanian heat sector: Today based on imported fossil fuel, tomorrow - On local biofuel and wastes

Energy Technology Data Exchange (ETDEWEB)

Janukonis, Andrius

2010-09-15

District heating sector is one of the most important energy sectors in Lithuania, operation of which is closely related to other energy sectors such as electricity, natural gas, oil products, renewable energy sources. Main priorities of Lithuanian energy policy based on the experience of the neighboring countries and directives of the European Union's environmental protection, security and reliability of energy supply and availability of district heating services to all users. It is necessary to use widely the biofuel in the DHS sector for the heat production, unused amounts of which are very big.

Highlighting Energy Policies and Strategies for the Residential Sector in Malaysia

OpenAIRE

Bekhet, Hussain Ali; Ivy-Yap, Lee Lian

2014-01-01

Energy is an important catalyst for development. Malaysia is very fortunate to be endowed with oil reserves. However, these reserves are finite and not renewable. Being cognizant of this, the Malaysian government had implemented various energy policies and strategies to manage and safeguard its oil reserves for better energy security as well as to promote prudent use of energy. This paper aims to highlight the electricity sector in Malaysia and the various policies and strategies implemented ...

Development of the German mineral oil market in 1995. Pt. 2

International Nuclear Information System (INIS)

Mohnfeld, J.; Heinze, W.

1996-01-01

Following a brief glance at the boundary conditions for the German market (world oil market, inland energy consumption), the development of inland sales is described. One after one, the mineral oil products Otto engine fuel, diesel fuel, light fuel oil and heavy fuel oil are considered. Further sections deal with crude oil supply, the supply of mineral oil produce, refinery production, the development in the sales sector, the profit situation of the mineral oil industry, the development of prices (according to products) and expenditure in foreign exchange for mineral oil. The article contains numerous tables and graphs; comparisons with the years previously illustrate development trends. (UA) [de

The energy sector : an investment in the people and communities of Atlantic Canada

International Nuclear Information System (INIS)

2008-01-01

The opportunity for Atlantic Canada to meet the North American demand for more energy and increased security was discussed. Energy accounts for nearly half of all exports from Atlantic Canada. The region delivers oil, natural gas and electricity to its own communities and for export around the continent and is poised to significantly increase its reach, given its proximity to the New England States. Over the past decade, the energy industry in Atlantic Canada has laid the foundation for what has become one of the most significant sectors in the regional economy. It has a diverse mix of traditional thermal and hydroelectric generation with newer technology such as nuclear, wind, bioenergy and tidal. The discovery and development of offshore oil and gs fields at the end of the twentieth century significantly enhanced the regional energy sector and shifted the public policy focus from domestic production to the development of export markets. The projects have brought significant outside investment from a broad range of oil and gas companies. This paper listed the projects and players in the energy sector in New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador. The issue of exporting energy resources and importing human resources was also considered. A list of skilled trades, professional services and support services that will be needed by the Atlantic Canadian energy sector over the next decade was also provided. It was noted that employment growth is driven by demographics, technology and the trend for environmental stewardship. 9 refs., 2 tabs

Ex-USSR: Oil exporter or importer?

International Nuclear Information System (INIS)

Khartukov, E.M.

1993-01-01

Political disintegration and economic perestroika in the former Soviet Union (FSU) have major international ramifications and some of these can be found in the oil sector. An overview is presented of the FSU oil industry, including the conditions preceding and following the breakup. Early effects of the breakup included shortages of liquid fuels and the introduction of a strict export quota and license system. The likelihood of disruptions in oil exports, caused by political clashes between Russia and the other oil-transporting republics is low. Rapid decentralization of the Soviet oil trade is likely to bring forth currency-starved national exporters that may add substantially to international market competition and further undercut unstable world oil prices. In the short term, the FSU oil industry will suffer from inevitable imbalances which will manifest themselves in regional oil shortages and gluts spreading towards neighbouring international markets. In the medium and longer term the cooperating parts will become more self-reliant or infrastructurally independent and will speed natural growth and integration into neighbouring petroleum markets. Crude oil and oil product balances of the FSU republics are presented. 2 refs., 2 figs., 7 tabs

The heavy oil refiners needs in the future

International Nuclear Information System (INIS)

Sauer, J.W.

1991-01-01

In the 1970s oil crisis, the high price differential that developed between heavy and light crude led to an expansion in heavy crude processing geared to producing light oil products. The subsequent collapse in prices meant that heavy crudes with low netbacks were shut in, heavy crude refining capacity exceeded the restrained production of heavy crudes, and refineries were operating at losses. However, the low prices for oil rekindled demand and spare production capacity has been absorbed. The crude oil price is forecast to rise to ca $27/bbl by the late 1990s, which is favorable for heavy crude oil production. Nevertheless, investments in heavy crude production are exposed to a high degree of risk. A strategy for dealing with this risk is to integrate into downstream, which makes more sense for heavy crude producers than for conventional producers. On the other hand, such integration is capital-intensive, and light oils will likely be favored in crude oil production developments for the next several years. Low prices for natural gas will make it hard to find markets for residual fuel made from heavy crudes. 8 figs

Horizontal and vertical transmissions in the US oil supply chain

International Nuclear Information System (INIS)

Kaufmann, Robert K.; Dees, Stephane; Mann, Micheal

2009-01-01

Oil prices, inventory levels, and utilization rates are influenced by changes that are transmitted horizontally and/or vertically through the energy supply chain. We define horizontal transmissions as changes that are generated by linkages among fuels at a similar stage of processing while vertical transmissions are changes that are generated by upstream/downstream linkages in the oil supply chain. Here, we investigate vertical and horizontal transmissions by estimating vector error correction models (VECMs) that represent relationships among the price of crude oil, US refinery utilization rates, US stocks of crude oil, US stocks of motor gasoline, the US price of motor gasoline, and the US price of a substitute fuel, natural gas. Causal relationships estimated from both weekly and quarterly observations indicate that the price of crude oil is an important gateway for disturbances to the oil supply chain. Impulse response functions indicate that disturbances to crude oil prices ripple down the oil supply chain and affect inventory behaviors, refinery utilization rates, and the price of motor gasoline, and are transmitted laterally to the natural gas market. (author)

An investigation on energy consumption trend in Japan. Transportation sector

International Nuclear Information System (INIS)

Suzuki, Takayoshi

2005-08-01

Although energy consumption in the industry sector has almost been stable, energy consumption in the transportation (passenger and freight) sector has increased much after the oil crisis. The increase of energy consumption in the passenger sector can be attributed to the increase in transportation by private passenger vehicles; while the increase in the freight sector was due to the modal shift to trucks. Among transportation methods, automobiles, i.e. passenger vehicles and trucks, are now dominant in terms of energy consumption and also in terms of amount of transportation. Therefore implementing energy conservation measures relating to automobiles is very important in order to suppress the energy consumption in the transportation sector. This report summarizes the results of investigation on energy conservation measures, especially relevant to automobiles. It was found from the investigation that most promising and effective technologies or measures are promoting market penetration of vehicles satisfying ''top runner standard'', development and employment of hybrid vehicles, and introduction of vehicles with ''idling-stop'' systems. (author)

Sectoral Costs of Environmental Policy. Final Report

International Nuclear Information System (INIS)

Vercaemst, P.; Vanassche, S.; Campling, P.; Vranken, L.; Agnolucci, P.; Salmons, R.; Shaw, B.; Jantzen, J.; Van der Woerd, H.; Gruenig, M.; Best, A.

2007-12-01

The Directorate General for Environment of the European Commission has launched a study on the 'Sectoral costs of environmental policy'. The overall aim of the study is to obtain a clearer picture of the impact of environmental policy in some of the industrial sectors most affected by environmental policy, taking into account the differences between sectors and Member States. Previous studies mainly focussed on the individual impact of one Directive, but in this study we will assess the cumulative costs attributable to the environmental policy in its entirety and attempt to identify synergies between individual policies. The project has the following main objectives: paint a clearer picture of the environmental costs for the selected industries; indicate the differences in costs between individual companies; indicate the differences in costs between Member States; demonstrate the drivers for environmental expenditures of the companies and differences between sectors and Member States; describe different types of environmental regulation (policy instruments) and their impact on environmental expenditures; evaluate the environmental performance of the industries and differences between companies/Member States; collect evidence for the impacts of environmental regulation (and associated costs) on the competitiveness of companies; and carry out an international comparison. The sectors selected are:oil supply chain; electricity production; steel industry; and textile and leather industry

Outlook for Saskatchewan heavy oil

International Nuclear Information System (INIS)

Youzwa, P.

1993-01-01

Some of the opportunities and challenges currently facing the heavy oil industry in Saskatchewan are discussed from a government perspective. By the end of September 1993, 220 heavy oil wells were drilled in the province, and 26% of the land sales in 1993 were in heavy oil areas. About 41% of the wells drilled in heavy oil areas were horizontal oil wells. Of the total horizontal wells drilled in Saskatchewan, 48% are for heavy oil, and horizontal well production averages 85 bbl/d. Initial trends suggest that horizontal wells both accelerate production and contribute to ultimate recovery. Total heavy oil production in 1992 reached 28.9 million bbl and recoverable reserves in 1991 were 262.3 million bbl, or 1.5% of total oil in place. The low recovery is not only due to technical factors such as high viscosity but also to low investment in the heavy oil sector due to poor economics. It is hoped that lower interest and exchange rates, the success of horizontal wells and the provincial royalty structure will maintain the recent increase in heavy oil activity. The provincial government recently launched a comprehensive energy strategy in which development of a heavy oil strategy is an important component. Total heavy oil reserves exceed those of light and medium oil and have significant development potential. The Saskatchewan government wishes to adopt a cooperative and partnership approach in its dealings with the heavy oil industry to help realize this potential. 9 figs

Outlook for international oil markets

Energy Technology Data Exchange (ETDEWEB)

Zanoyan, V; French, M

1984-01-01

Despite increased hostilities in the Persian Gulf, there has been a slack in both petroleum product and crude markets and concern over the possibility of a wave of refinery bankruptcies. The short-term outlook recognizes that OPEC problems are not permanent. Demand is not expected to return to pre-1979 levels, and demand growth will not have an equal distribution among OPEC members. Mid-term projections are for real oil prices to be about 12% below 1982 levels, with the decline continuing through 1986. The only significant demand expansion will occur in the industrial sectors of the developing countries due to conservation efforts and fuel substitution that will continue to reduce petroleum's share of total energy consumed by developed countries. Consumption in the transport sector will probably remain at current levels. Oil production in Western countries should peak and then decline during the 1980s, with non-OPEC developing countries filling some of the demand gap and OPEC prices going up instead of production. 6 tables.

Alliances and joint ventures - M and A fever in the U.S. downstream

International Nuclear Information System (INIS)

Burke, B.

1998-01-01

The trend toward restructuring and consolidation in the petroleum refining industry has accelerated during 1998. The primary focus of this paper was on the trend toward consolidation in the refining industry in the United States. A similar trend is occurring in the petrochemical industry and in associated downstream industries. Industry perspectives, providing a basic framework of expectations for the U.S. refining industry, driving forces behind the merger and acquisition fever, potential benefits of consolidation, and future perspectives on the industry were addressed. Poor profitability and crude oil price volatility were identified as the principal underlying causes of consolidation. No recovery in crude oil prices was expected to occur in the foreseeable future, although an eventual recovery to a price level in the $16-$18/barrel range was considered a reasonable expectation. Further challenges, by way of trends in crude oil quality, developments in product markets, environmental issues, technological change and the potential threat from alternative fuels will continue to plague the industry for some time to come. It is safe to predict that because of poor profitability (average of 2.4 per cent over the past 10 years), the refining industry will continue to focus on improving its profit margin, and to reduce the cost of its operations within existing facilities. Diversification, optimization of links to retail/marketing, integration of petrochemicals, restructuring, consolidation and ownership changes, joint ventures were predicted as the features that will best characterize the industry in the foreseeable future. 24 figs

Downstream-based Scheduling for Energy Conservation in Green EPONs

KAUST Repository

Chen, Shen

2012-05-01

Maximizing the optical network unit’s (ONU) sleep time is an effective approach for achieving maximum energy conservation in green Ethernet passive optical networks (EPONs). While overlapping downstream and upstream ONU transmissions can maximize the ONU sleep time, it jeopardizes the quality of service (QoS) performance of the network, especially for downstream traffic in case the overlapping is based on the upstream time slot. In this paper, we study the downstream traffic performance in green EPONs under the limited service discipline and the upstream-based overlapped time window. Specifically, we first derive the expected mean packet delay, and then present a closed-form expression of the ONU sleep time, setting identical upstream/downstream transmission cycle times based on a maximum downstream traffic delay re-quirement. With the proposed system model, we present a novel downstream bandwidth allocation scheme for energy conservation in green EPONs. Simulation results verify the proposed model and highlight the advantages of our scheme over conventional approaches.

Strategies for displacing oil

Science.gov (United States)

Rao, Vikram; Gupta, Raghubir

2015-03-01

Oil currently holds a monopoly on transportation fuels. Until recently biofuels were seen as the means to break this stranglehold. They will still have a part to play, but the lead role has been handed to natural gas, almost solely due to the increased availability of shale gas. The spread between oil and gas prices, unprecedented in its scale and duration, will cause a secular shift away from oil as a raw material. In the transport fuel sector, natural gas will gain traction first in the displacement of diesel fuel. Substantial innovation is occurring in the methods of producing liquid fuel from shale gas at the well site, in particular in the development of small scale distributed processes. In some cases, the financing of such small-scale plants may require new business models.

Author Details

African Journals Online (AJOL)

Osiruemu, E. Vol 3, No 2 (2005) - Articles The Legality Of Deregulating The Downstream Sector Of The Nigeria Oil Industry Abstract · Vol 3, No 1 (2005) - Articles Poverty Of Parents And Child Labour In Benin City: A Preliminary Account Of Its Nature And Implications Abstract. ISSN: 1596-8308. AJOL African Journals Online.

Security drives Kuwait's oil shift

International Nuclear Information System (INIS)

Henderson, Simon

1998-01-01

With Kuwait considering allowing foreign investment in its upstream oil sector, political opposition remains at the parliamentary level. The internal debate between government ministers who favour the potential $7bn investment in their economy, and politicians concerned about foreign control of this essential national asset is described in this article. This politically volatile region, with its recent experience of the Iran/Iraq war, still maintains itself in readiness in case of invasion, and badly needs the foreign investment in order to raise current production levels because of low global oil prices. (UK)

The role of diversification strategies in the economic development for oil-depended countries: - The case of UAE

Directory of Open Access Journals (Sweden)

Ahmed Zain Elabdin Ahmed

2015-03-01

Full Text Available Diversification strategies adopted by oil-depended economies' played an important role in the economic development in these countries, which rely heavily on oil exports. UAE as an oil-dependency economy has the type of strategy to diversify the sources of its national income and reduce its dependence on oil to counter the instability in global oil prices. This paper seek to investigate whether the diversification strategies adopted by (UAE is adequate to manage its economic development. The methodology employed in this study is to examine the contribution of diversified sectors based on the country's GDP especially during and after the global financial crisis (2008-2012 using statistical analysis procedure. The results confirm that investment in different sectors rather than oil would have substantially improved the performance UAE economy.

Libya - the political economy of oil

International Nuclear Information System (INIS)

Gurney, J.

1996-01-01

This book aims to provide a broad description of the oil and gas sectors in Libya in the context of history, economic policy and international relations. The topics covered include: the development of the Libyan oil industry; the Libyan Petroleum Law of 1955 and subsequent amendments; production-sharing contracts; reserves and production; marketing and pricing before and after the Tripoli Agreement of 1971; refining in Libya and Europe; natural gas; petrodollar investments; possible future developments. (3 figures; 25 tables; 126 references) (UK)

Does oil move equity prices? A global view

International Nuclear Information System (INIS)

Nandha, Mohan; Faff, Robert

2008-01-01

Many studies indicate that oil price shocks have an adverse effect on real output and, hence, an adverse effect on corporate profits where oil is used as a key input. The present study examines whether and to what extent the adverse effect of oil price shocks impacts stock market returns. To this end we, analyse 35 DataStream global industry indices for the period from April 1983 to September 2005. Our findings indicate that oil price rises have a negative impact on equity returns for all sectors except mining, and oil and gas industries. Generally, these results are consistent with economic theory and evidence provided by previous empirical studies. Little evidence of any asymmetry is detected in the oil price sensitivities. In light of our findings, we recommend that international portfolio investors consider hedging oil price risk. (author)

In-Depth Review of the Investment Climate and Market Structure in the Energy Sector. Azerbaijan

International Nuclear Information System (INIS)

2005-01-01

Azerbaijan is located at the crossroads of the Middle East, Europe and Asia. It is a republic with a presidential form of government. Azerbaijan was admitted to the Council of Europe in 1991, and is an observer in the WTO since 1997. The country is rich in oil and gas resources, which offer great potential for its future development. Azerbaijan's macroeconomic performance in recent years has been robust. GDP grew at a rate of approximately ten per cent per year, and inflation has been held below two per cent. Extraction and processing of oil and gas-related activities account for more than 30 per cent of GDP, and may increase further in the future. The Azerbaijani currency, the manat, is stable. The consolidated government budget recorded a surplus of 1.5 per cent of GDP in 2001. The external debt ratio continues to be moderate at about 22% of GDP in 2001. Azerbaijan fulfils the conditions of Article VIII of the IMF's Articles of Agreement. Azerbaijan welcomes foreign investment. It has attracted significant amounts of FDI in recent years (total FDI stocks currently stand at USD 3.8 billion), of which more than 65 per cent have flown into the oil and gas sector. Further investments in the range of USD 10 billion are expected in the coming years, mainly in connection with the development of newly discovered oil and gas fields. The Azeri government accords high priority to liberalisation, private sector development and the establishment of a market economy. A number of important steps have been taken in recent years in this direction. In 2001, a new State Oil Fund was set up, to serve as an instrument for economic stability and future economic development. Reform programs aiming at poverty reduction and economic growth were launched under the auspices of the IMF and the World Bank. A new Privatisation Law was adopted in May 2000. The restructuring of the gas sector is under preparation. First steps to privatise the electricity sector have been undertaken. In order to

Palm Oil Milling Wastes and Sustainable Development

OpenAIRE

A. C. Er; Abd. R.M. Nor; Katiman Rostam

2011-01-01

Problem statement: Palm oil milling generates solid wastes, effluent and gaseous emissions. The aim of this study is to assess the progress made in waste management by the Malaysian palm oil milling sector towards the path of sustainable development. Sustainable development is defined as the utilization of renewable resources in harmony with ecological systems. Inclusive in this definition is the transition from low value-added to higher value-added transformation of waste...

The Bahamas; Financial Sector Stability Assessment

OpenAIRE

International Monetary Fund

2013-01-01

This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector showed stability with high capital and liquidity and sustained challenges; the in...

Kuwait. Oil and Gas sector report

Energy Technology Data Exchange (ETDEWEB)

Kieft, C.; Thasing, T. [Embassy of the Kingdom of the Netherlands in Kuwait, Ministry of Foreign Affairs, Safat (Kuwait)

2011-04-15

Kuwait is stepping up its efforts to position itself as one of the main transport and logistics hubs in the Gulf. Looking at the logistics performance index Kuwait is placed behind UAE and Bahrain but (far) ahead of Saudi Arabia, Qatar, Oman, Iraq and Iran. Besides, Kuwait is gaining ground, investing heavily in new infrastructure which is intended not only to meet the country's own needs but also the needs of the wider region.Kuwait has nearly 500 kilometres of coastline along the Persian (Arabian) Gulf and is strategically positioned at the mouth of the waterways to Iraq and Iran. This could give Kuwait the advantage to serve as one of the most important regional hubs for shipping and transportation in the Gulf region. This becomes especially true when a planned railway line connecting Kuwait with Saudi Arabia, Iraq, Iran and especially Turkey becomes in service. Information is presented on: government plans, existing port infrastructure in Kuwait, developments and opportunities in the existing ports, the oil ports and terminals, investment and business opportunities.

Kuwait. Oil and Gas sector report

International Nuclear Information System (INIS)

Kieft, C.; Thasing, T.

2011-04-01

Kuwait is stepping up its efforts to position itself as one of the main transport and logistics hubs in the Gulf. Looking at the logistics performance index Kuwait is placed behind UAE and Bahrain but (far) ahead of Saudi Arabia, Qatar, Oman, Iraq and Iran. Besides, Kuwait is gaining ground, investing heavily in new infrastructure which is intended not only to meet the country's own needs but also the needs of the wider region.Kuwait has nearly 500 kilometres of coastline along the Persian (Arabian) Gulf and is strategically positioned at the mouth of the waterways to Iraq and Iran. This could give Kuwait the advantage to serve as one of the most important regional hubs for shipping and transportation in the Gulf region. This becomes especially true when a planned railway line connecting Kuwait with Saudi Arabia, Iraq, Iran and especially Turkey becomes in service. Information is presented on: government plans, existing port infrastructure in Kuwait, developments and opportunities in the existing ports, the oil ports and terminals, investment and business opportunities.

Local content: worldwide trends and the Brazilian experience in the oil and gas sector; Conteudo local: tendencias mundiais e a experiencia brasileira no setor de oleo e gas

Energy Technology Data Exchange (ETDEWEB)

Pedrosa Junior, Oswaldo A.; Guimaraes, Paulo Buarque [Associacao Brasileira dos Produtores Independentes de Petroleo e Gas - ABPIP, Rio de Janeiro, RJ (Brazil); Fernandez y Fernandez, Eloi [Organizacao Nacional da Industria do Petroleo, Rio de Janeiro, RJ (Brazil)

2008-07-01

In recent years a trend on increasing requirements for local investments has been observed worldwide in the petroleum industry. Host countries expect to have increasing social and economical benefits from the development of the oil and gas industry. This expectation drives at a more comprehensive concept of local content to include commitment with social, industrial, and technological development. The Brazilian experience has shown a lot of emphasis on local industry development. Initiatives from governmental authorities and the private sector have been implemented to increase the local industry participation in the oil and gas projects. The current regulation focus on the full and fair opportunities for the local suppliers and the local content commitment established in the E and P concession agreements. A key issue on promoting local content initiatives is to assure that the competitiveness of the indigenous industry will be developed and preserved. The constraints on building up the local industry competitiveness will be addressed, focusing on the taxation overburden, lack of adequate local financing, and internal structural aspects affecting industrial productivity. In addition to this, the experiences on measuring local content for offshore construction and drilling are highlighted. Technology development and technical capability have been addressed by incentive programs for the O and G sector. Finally, the technology learning process and the regulatory requirements to invest in R and D programs conducted by Brazilian technological institutions are discussed. (author)

Developing new markets for oil sands products

International Nuclear Information System (INIS)

Crandall, G.

2004-01-01

This paper presents a review by Purvin and Gertz of western Canadian crude oil supply. This energy consulting firm provides advise to the energy sector. It suggests that oil sands production will surpass declining conventional production. Oil sands supply includes bitumen, synthetic crude oil (SCO), and diluent. It is forecasted that oil sands will increase from 42 per cent of western supply in 2002 to 78 per cent in 2015. The potential of Alberta's oil sands was discussed along with a recent study of refined products and petrochemicals from bitumen. Upgrading, refining and petrochemical case studies were presented. The author examined if a Canadian oil sands upgrading project with high capital costs can be competitive with competing projects in the United States and internationally. In addition to supply and demand issues, the presentation examined infrastructure capability and market potential in the United States. The economic potential and risks of preferred business cases compared to upgrading to SCO were also evaluated. 15 figs

Oil product sales in 2010 - Results per product and per district

International Nuclear Information System (INIS)

Korman, Bernard; Lauverjat, Jean

2011-11-01

This document proposes tables of data corresponding to sales of different oil products (super unleaded petrol, Diesel fuel, domestic heating oil, heavy fuels) in metropolitan France in 2011, in the French districts and regions, and in the coastal districts and regions for the maritime sector (fishing activity, ships).

Environmental considerations in energy planning for the Amazon region: Downstream effects of dams

International Nuclear Information System (INIS)

Manyari, Waleska Valenca; de Carvalho, Osmar Abilio

2007-01-01

The most salient current feature of the electric energy sector in Brazil is the pressing need for expansion. In this context, the hydroelectric resources of the Amazon region are considered a competitive alternative despite the structural problems they entail. These include reliance of new investments and environmental restrictions. Concerning the latter, plans to build large-scale dams in the region have drawn criticism mainly on account of the loss of forest cover in areas flooded by dam reservoirs and the conflicts concerning the relocation of indigenous and riverside communities in the region. This article seeks to contribute to better understanding of the environmental issue in the Amazon by focusing attention on the downstream effects of dams, which have large-scale, hitherto neglected ecological repercussions. The impact of dams extends well beyond the area surrounding the artificial lakes they create, harming rich Amazon wetland ecosystems. The morphology of dammed rivers changes in response to new inputs of energy and matter, which may in turn destroy certain biotopes. This is a remote-sensing-based case study of the Tucurui hydroelectric scheme in the Amazon state of Para. Attention is drawn to the need to take into account effects on alluvial rivers downstream from hydroelectric power plants when it comes to making planning decisions, as part of a sustainable energy policy

Improvement in supply chain management for oil and gas sector using drag reduction theory

International Nuclear Information System (INIS)

Anjum, A.A.; Chughtai, A.; Shafeeq, A.; Muhammad, A.

2010-01-01

Supply chain management is an integrative philosophy about managing the flow of distribution channels from supplier to the consumer. PARCO, an oil and gas company in Pakistan has three existing pipelines. Out of three, two pipelines are running parallel from Karachi to Mehmood kot. One pipeline is of crude oil and meeting the demand of PARCO refinery while second pipeline is of High Speed Diesel (HSD) and third pipeline is of (HSD and Kerosene) running from Mehmood Kot to Machhike (Sheikhupura). PARCO supply petroleum products from Shikarpur, Mehmood Kot, Faisalabad and Machhike to oil marketing companies (OMCs) as per their share, standard and demand. The purpose of these pipelines is to meet the country demand for petroleum products at various locations all over Pakistan. In the peak season when OMCs have high demand and receipt of product from PARCO pipelines are less, there is a need to enhance the flow rate of oil inside the PARCO pipelines to fulfill the demand of OMCs. This could be done economically by the application of drag reduction theory. So by injecting drag reducer, dragging of the oil inside the pipeline could appreciably be reduced thereby improving the pumping of oil. (author)

Facts 2002. The Norwegian petroleum sector; Fakta 2002. Norsk petroleumsvirksomhet

Energy Technology Data Exchange (ETDEWEB)

NONE

2002-07-01

The petroleum sector is highly significant for the Norwegian economy. Its share of gross domestic product, exports and total government revenues has been substantial over the past two decades, reaching a particularly high level in 2000 and 2001. The principal reason why revenues were so high in these two years is a combination of high oil prices, a strong USD against the NOK and historically high petroleum production. The share of petroleum investment in total capital spending in the Norwegian economy was at its highest in the early 1990s. Total investment in the petroleum sector has been above NOK 40 bn every year since 1992, and peaked in 1998 at roughly NOK 80 bn. Capital spending declined to around NOK 56.9 bn in 2001. The government's most important revenue sources in recent years have been cash flow from the state's direct financial interest (SDFI) and from taxes. Production of crude oil has averaged around three mill barrels per day since 1996. The figure for 2001 was 3.1 mill barrels. Including natural gas liquids (NGL) and condensate raises the 2001 average to 3.4 mill barrels oe per day. At 53 mill scm oe, gas production was also high in 2001. Oil production is expected to remain more or less unchanged over the next few years, and then to go into a gradual decline. Gas output, on the other hand, should expand substantially over the coming decade and is expected to be increasingly significant in Norwegian petroleum output in future. The petroleum sector is also a substantial player internationally. Norway ranks as the world's sixth largest producer and third largest net exporter of oil. It is also the world's third largest exporter of pipeline gas, and Norwegian foreign sales of this commodity accounted for about two per cent of global consumption in 2001. Roughly 10 per cent of west European gas consumption is covered from Norway. Several changes were made to state participation in the petroleum sector during 2001. The government sold

Four Sectors of Industry in USA and Europe compared. Business Strategies and Climate Change

International Nuclear Information System (INIS)

Van der Woerd, F.; De Wit, K.; Vellinga, P.; Kolk, A.; Levy, D.

2000-01-01

Private companies will play a critical role in implementation of successful climate policies. However, until now little is known about triggers to develop corporate climate strategies. In a USA-Europe co-operation, researchers have investigated emerging climate strategies in the oil, automobile, chemical and bank and insurance industries. A focal question was whether strategies of EU based corporations differ systematically from USA based corporations. Results show rather sectorial specific developments. In most sectors, i.e. oil, automobile and banks, European corporations generally tend to have more advanced climate policies than their USA counterparts, but this does not apply to chemical companies. In the automobile industry, USA and Europe show convergent strategies. In the other sectors, convergence is not clearly visible

PUSH AND PULL FACTORS OF SUBURBAN LOCAL YOUTH TOWARDS CAREER IN OIL PALM PLANTATION

OpenAIRE

Amizi Ayob, Mohammad; Abdullah, Norehan; Aznor, Siti; Abdul Latiff, Zul Ariff

2018-01-01

The rapid expansion of oil palm plantation in Malaysia in 1990, 2.03 million hectares to 5.39 million hectares in 2014 (Malaysia Palm Oil Board 2015) caused required high labour intensive in this sector.  More than 78 % of labor (Azman 2014) in this sectors mainly came from Indonesia, Bangladesh and Philippines. Malaysia has become the main attention for the foreign labours to work in this country due to the wages more competitive and generative  working condition especially the plantation se...

Africa in questions 11 - Chinese oil investments in Chad: looking for a win/win?

International Nuclear Information System (INIS)

Adoum, Saad

2012-05-01

As there are some disputes between Chad authorities and the Chinese oil company which intervenes in Chad (CNPCIC), and as these disputes put the always stronger presence of China in the African energy sector into question again, this article discusses the specific case of Chad. The author recalls and describes the process of implantation of China in the Chadian oil sector since the end of 2006, and discusses the issue of the shared management within the Chinese-Chadian energy cooperation

Progress in reorganization of international oil industry and moves of majors

Energy Technology Data Exchange (ETDEWEB)

(Institute of Energy Economics, Tokyo (Japan))

1988-10-15

Of oil majors, Texaco, Chevron and Mobil have become depressed because of the sharp decrease in oil abundance due to the OPEC members' nationalization policy of resources in the first half of 1970's, whereas Exxon and Shell, who have made steady efforts in investment for exploration and development, have grown. BP has made a wide stride by acquisitions. Business acquisitions and mergers are increasing again in oil industries of Europe and U.S. with the dull oil price as the background. A particular feature of this trend is active involvement of western firms in North Sea oil. Oil producing countries are actively penetrating in downstream markets of consuming countries to establish stable selling routes. Whereas two directions are possible for changes in the international petroleum industry, that is, either coordinated action of producing countries and majors or increased competition among them, the age of co-existence and co-prosperity is most probable. 1 figure.

Contingency plans and successful response strategies for oil spills into rivers

Energy Technology Data Exchange (ETDEWEB)

Owens, Edward H. [Polaris Applied Sciences Inc., Bainbridge Island, WA (United States)]. E-mail: ehowens@polarisappliedsciences.com

2003-07-01

Oil spilled into a river enters a dynamic environment. An effective response can only succeed if the dynamics of the river system are understood and if the strategies and tactics are designed to match these conditions. Oil is transported downstream at the speed of the current, therefore, an estimate of the rate of movement is essential to identify effective intercept locations. Boom performance is affected by local surface water velocities as entrainment of oil typically begins when velocities exceed 0.4 m/s. However, boom configurations can be effective in current velocities as great as 2.5 m/s. Response operations can be successful if staging or control locations have been identified as part of contingency planning and if booms are deployed to take into account local surface current characteristics. Tracking and control of submerged or sunken oil is difficult and may not be practical. Recovery operations for sunken oil depend on the channel depth, current velocities, and on the distribution and concentration of the oil. (author)

Competitiveness in the Brazilian oil industry. The Brazilian 'oil diamond'

International Nuclear Information System (INIS)

Zamith, R.; Moutinho Dos Santos, E.

2000-01-01

It is recognized the economic benefits that might follow the opening process of the Brazilian oil and natural gas industry, which shall experience a fast expansion with the arrival of national and international private investors. However, we should not neglect the broader impact of this process on the future development of all that cluster of national agents that lived around and served the former national oil monopoly, managed by the Brazilian National Oil Company, Petrobras. This work focuses on this larger perspective, discussing about the capacity of Brazil to sustain and expand its competitiveness in the oil business as well as to obtain the maximum economic development from the exploration of its oil and gas reserves. We adopt the work of Michael Porter, from the University of Harvard, about the Competitive Advantage of Nations, as a theoretical model to analyze the Competitive Advantage of Brazil in the global oil industry. By introducing the concept of ''oil diamond'', adapted from the notion introduced by this author, we develop a new understanding of national competitiveness in the oil sector. In this paper, we present the general model as well as a brief characterization of the results found for Brazil Subsequently, we focus on just one leg of the model, for which we discuss, with more detail, about the competitive condition of the country in the opening-up scenario. This leg regards the so-called supporting and supplementary industries that constitute what is denominated in the French tradition the ''para petroleum'' industry. We analyze the conditions for the Brazilian domestic ''para petroleum industry'' to survive and grow in the new competitive environment. (authors)

Mergers and acquisitions in the oil and gas industries

International Nuclear Information System (INIS)

Corlay, C.; Huby, D.

1999-01-01

This paper focuses on mergers and acquisitions in the oil and gas industries, and lists the most important mergers in terms of transaction value for the period 1981-1997, and plots oil and gas mergers and acquisitions activity by sector and by major region. The mean operation indicator in 1998 in terms of reserves, production and refining capacity of the major companies are tabulated. The impact of the mergers on the oil and gas markets are examined, and issues concerning these mergers and acquisitions are explored. (UK)

Mergers and acquisitions in the oil and gas industries

Energy Technology Data Exchange (ETDEWEB)

Corlay, C.; Huby, D. [Institut Francais du Petrole, Rueil-Malmaison (France)

1999-07-01

This paper focuses on mergers and acquisitions in the oil and gas industries, and lists the most important mergers in terms of transaction value for the period 1981-1997, and plots oil and gas mergers and acquisitions activity by sector and by major region. The mean operation indicator in 1998 in terms of reserves, production and refining capacity of the major companies are tabulated. The impact of the mergers on the oil and gas markets are examined, and issues concerning these mergers and acquisitions are explored. (UK)

Islamic vs. Conventional Banking Role in Non-Oil Growth: A Causal Analysis in the Case of Bahrain

Directory of Open Access Journals (Sweden)

Abdallah Belhadia

2014-12-01

Full Text Available This paper aims to investigate the type of relationship between Islamic vs. Conventional banking and non-Oil economic growth in the case of Bahrain by using annual data 1990-2012 retrieved from Islamic banks and financial institutions information (Ibis-Online of the Islamic Bank of Development (IDB, World Bank development indicators (WB, and the Central Bank of Bahrain (CBB annual reports.This study employs the Johansen and Juselius Cointegration test and Vector Error Correction Model (VECM as well as Vector Autoregressive model (VAR to reveal the long run and short-run causality between the dual banking development and non-Oil GDP growth. The VECM results of the conventional banking show that there is long-run bidirectional causality between all the conventional banking selected indicators and the non-Oil GDP. For the Islamic banking VAR model, there is a unidirectional causality from Islamic banking indicators to the non-oil GDP. There is no evidence on the role of non-oil GDP on the Islamic banking development. Impulse response functions in the two models shows that through one standards deviation positive shock in Islamic vs. Conventional Credit provided to private sector, the non-Oil GDP will be much higher in the next five years if we stimulate the Islamic credit provided to private sector than the conventional banks.Moreover, the Islamic credit provided to the private sector appears to be more procyclical than the credit provided by the conventional banks. However, the fluctuations in the conventional credit are sharper than the Islamic banks’ private credit. This study provides the policy makers in Bahrain with the appropriate evidences to design their policies in fostering the non-Oil sector.

Oil in the former Soviet Union: Historical perspectives, long-term outlook

International Nuclear Information System (INIS)

Reinsch, A.E.; Lavrovsky, I.; Considine, J.I.

1992-01-01

The complex, far-reaching changes that have come over the oil industry of the Russian Federation and other republics of the C.I.S. were reviewed. Three development scenarios were considered. In the reference case, the deterioration in C.I.S. oil production was stemmed by the middle of the decade, and as a result net exports were gradually tightened, placing upward pressure on world oil prices. The situation would reverse by 1997-98, with recovery in domestic oil production and increase in export volumes. In the best case scenario, successful integration of the oil industry into the international business community was assumed to result in the maintenance of drilling activity at the 1990 level. In the worst case scenario, it was assumed that the simmering social strife and political tensions in the oil producing regions were allowed to boil over, resulting in a dramatic reduction of drilling activity. One of the characteristics common to all three scenarios was the close linkage between developments in the domestic oil sector and the pattern of general economic activity. Conversely, it was stated that without a reliable and growing energy sector it was almost impossible to generate a plausible scenario in which economic growth and domestic product demand would move forward. A promising channel would be the establishment of supporting organizational frameworks through the regionalization of foreign investment. figs., tabs., refs

Beyond the crude oil and gas reserves

International Nuclear Information System (INIS)

Sote, K.

1993-01-01

Petroleum remains the greatest jewel of inestimable value in both the local and international treasure hunts for cheap energy source and viable investment options the world over. The diverse business potentials and favourable government policies in Nigeria aimed specifically at stimulating investments in the up streams, midstream and downstream industries need to be tapped by both indigenous and foreign investors alike. Beyond the crude oil and gas reserves' is therefore our modest effort to support such policies, sensitise the Nigerian petroleum industry and promote more dynamic awareness for the varied business opportunities abound in this sector of the economy. The main objective or this publication is to bring to a wider audience within and outside the oil industry a spectrum of such salient opportunities therein. The publication further presents in a lucid and consize form the hidden potentials yet to be harnessed, captures the essence of such investments, identifies the inherent problems in Nigeria peculiar circumstance and thus provides a detailed guide to address such short-coming, viz. Inadequate and poor knowledge of petroleum industry, its operation, by products and their correct applications. - Lack of understanding of the intricacies, realities and technicalities of petroleum business in general. - Poor financial resources, management style, operational and marketing strategies man power and human resources development.- Dirge of information, lack of professional advice and technical service support on the varied business opportunities for diversification. Apathy on the part of the investors themselves to seek for professional support from competent oil consultants, technocrats, institutionalised authorities on petroleum and related matters, amongst others. In summary, the book is divided into ten chapters with illustrations, graphics, drawings, sketches and incorporating figures, statistics, business reports, marketing results, feasibility studies

India advancing as international exploration target

International Nuclear Information System (INIS)

Anon.

1994-01-01

Mighty as it is in terms of sedimentary area, hydrocarbon potential, and sheer market size, India does not occupy a position of like stature on the international oil explorer's chart. Yet Indian government policy initiatives during the past 3 years have thrown the country open to foreign investment upstream and downstream. Strapped for cash, hounded by declining production and reserves, the government is leaving higher cost and higher risk exploration to foreign and domestic private sector companies. Furthermore, India has approved majority capital holdings in the downstream sector, invited bids on field reactivation schemes and speculative seismic surveys, and adopted attractive and flexible production sharing contracts to govern these agreements. A strong tradition upholding sanctity of law provides a solid guarantee that such contracts will not be broken or modified. The paper discusses India's restructuring, the bidding rounds, the growing interest of foreign companies, downstream and gas deals, acreage and terms being offered, and other projects

Psychosocial Determinants of Conflict-Handling Behaviour of Workers in Oil Sector in Nigeria

Science.gov (United States)

Bankole, Akanji Rafiu

2011-01-01

The study examined the joint and relative influence of three psychosocial factors: Emotional intelligence, communication skill and interpersonal skill on conflict-handling behaviour of oil workers in Nigeria. Survey research design was adopted and a sample of 610 workers was randomly selected from oil companies across the country. Data were…

In-Depth Review of the Investment Climate and Market Structure in the Energy Sector. Uzbekistan

International Nuclear Information System (INIS)

2005-01-01

are yet only permitted to acquire minority shareholdings, which limits their interests considerably. The government is actively working on overcoming these shortcomings, for example by eventually extending long-term operational management contracts to investors in the energy sector. In addition, some production sharing agreements worth billions of dollars have been concluded for oil and gas exploration and production. As far as the downstream oil and gas sector is concerned, the market continues to be dominated by the vertically integrated state enterprise UzbekNefteGaz National Holding Company ('UNG'). There are plans to offer up to 49 percent of the shares in UNG and its subsidiaries to foreigners. In the electricity sector, legal unbundling has resulted in the establishment of a state joint stock company UzbekEnergo and several subsidiaries, being active in electricity transmission, distribution, and coal mining. Once again, there is a plan to sell up to 49 percent of the shares in these companies to foreign investors. Uzbekistan has now embarked on the way to become a more attractive destination for foreign investors in the energy sector. The process of restructuring and privatisation is still in a relatively early stage, but the Uzbek government is now willing to open the energy sector to foreign investors more broadly. A full and effective implementation of the pricing and tariff reform, as well as the establishment of an independent regulator, are other key challenges. In addition, the legislative framework for foreign investors needs further development and streamlining. In this respect, it should be noted that a separate petroleum law and electricity law do not exist. However, a new package of laws and regulatory acts is expected to be adopted by the end of 2005 to advance and build upon the favorable trends observed recently. Overall, the political measures implemented over the past two to three years with a view to restructure the energy sector and convert

Production Costs of Alternative Transportation Fuels. Influence of Crude Oil Price and Technology Maturity

Energy Technology Data Exchange (ETDEWEB)

Cazzola, Pierpaolo; Morrison, Geoff; Kaneko, Hiroyuki; Cuenot, Francois; Ghandi, Abbas; Fulton, Lewis

2013-07-01

This study examines the production costs of a range of transport fuels and energy carriers under varying crude oil price assumptions and technology market maturation levels. An engineering ''bottom-up'' approach is used to estimate the effect of the input cost of oil and of various technological assumptions on the finished price of these fuels. In total, the production costs of 20 fuels are examined for crude oil prices between USD 60 and USD 150 per barrel. Some fuel pathways can be competitive with oil as their production, transport and storage technology matures, and as oil price increases. Rising oil prices will offer new opportunities to switch to alternative fuels for transport, to diversify the energy mix of the transport sector, and to reduce the exposure of the whole system to price volatility and potential distuption of supply. In a time of uncertainty about the leading vehicle technology to decarbonize the transport sector, looking at the fuel cost brings key information to be considered to keep mobility affordable yet sustainable.

Risk factors in stock returns of Canadian oil and gas companies

International Nuclear Information System (INIS)

Sadorsky, P.

2001-01-01

This paper uses a multifactor market model to estimate the expected returns to Canadian oil and gas industry stock prices. Results are presented to show that exchange rates, crude oil prices and interest rates each have large and significant impacts on stock price returns in the Canadian oil and gas industry. In particular, an increase in the market or oil price factor increases the return to Canadian oil and gas stock prices while an increase in exchange rates or the term premium decreases the return to Canadian oil and gas stock prices. Furthermore, the oil and gas sector is less risky than the market and its moves are pro-cyclical. This suggests that Canadian oil and gas stocks may not be a good hedge against inflation

The energy sector in sub-Saharan Africa: current status and prospects

International Nuclear Information System (INIS)

Major, Rebecca; Ege, Ergen

2015-01-01

In Sub-Saharan Africa, the energy sector should theoretically enjoy the high economic growth rate that applies to the whole of the continent. But in reality prospects are affected by such obstacles as political and legal instability, as well as the drop in oil prices. (authors)

Analysis of the impacts of combining carbon taxation and emission trading on different industry sectors

International Nuclear Information System (INIS)

Lee, Cheng F.; Lin, Sue J.; Lewis, Charles

2008-01-01

Application of price mechanisms has been the important instrument for carbon reduction, among which the carbon tax has been frequently advocated as a cost-effective economic tool. However, blanket taxes applied to all industries in a country might not always be fair or successful. It should therefore be implemented together with other economic tools, such as emission trading, for CO 2 reduction. This study aims to analyze the impacts of combining a carbon tax and emission trading on different industry sectors. Results indicate that the 'grandfathering rule (RCE2000)' is the more feasible approach in allocating the emission permit to each industry sector. Results also find that the accumulated GDP loss of the petrochemical industry by the carbon tax during the period 2011-2020 is 5.7%. However, the accumulated value of GDP will drop by only 4.7% if carbon taxation is implemented together with emission trading. Besides, among petrochemical-related industry sectors, up-stream sectors earn profit from emission trading, while down-stream sectors have to purchase additional emission permits due to failure to achieve their emission targets

Proceedings of the CERI 2003 World Oil Conference : What lies beneath? CD-ROM ed.

International Nuclear Information System (INIS)

2003-01-01

The 22 presentations at this conference reflected recent developments in the international petroleum industry with particular focus on the outlook of world energy markets and prospects for oil supply and reserves. Topics of discussion included the industry structure, development and operating costs, international spending, the expansion of world oil markets, market access, as well as new technology development and application. The papers also covered environmental issues such as climate change and the responsible use of water. The conference provided an opportunity for participants to discuss issues regarding oil supply and demand, oil prices, Canada's oil sands, and what role non-conventional oil plays in the current marketplace. The conference was divided into 7 sessions entitled: (1) outlook for oil prices, (2) global oil supplies, (3) oil and money, (4) downstream issues, (5) markets for Canadian bitumen and synthetics, (6) Canada's east coast, and (7) the geopolitical landscape. Three papers were indexed separately for inclusion in the database. tabs., figs

Mathematical Modeling of Vegetable-Oil Crystallization

DEFF Research Database (Denmark)

Hjorth, Jeppe Lindegaard

be desirable to enhance specific properties such as shelf life, viscosity, texture, sensory aspects and physical appearance. Vegetable oils and fats constitute a considerable part of many food products such as chocolate, margarine, bread, spreads and ice cream. Several attractive properties found......In recent years the food sector has experienced a great boost in demand for tailor-made fats and oils to produce so-called functional foods, where ingredients have been carefully modified to yield products with specific, valuable properties. Depending on market segment and product, it may...... in these products, including flavor release, melting profile and appearance, are governed by the oils and fats added. Consequently, altering the fat phase may lead to enhanced properties of the products. The primary focus of the present work is vegetable oils and fats originating from different sources covering...