Dominant Middle East oil reserves critically important to world supply

International Nuclear Information System (INIS)

Riva, J.P. Jr.

1991-01-01

This paper reports that the location production, and transportation of the 60 million bbl of oil consumed in the world each day is of vital importance to relations between nations, as well as to their economic wellbeing. Oil has frequently been a decisive factor in the determination of foreign policy. The war in the Persian Gulf, while a dramatic example of the critical importance of oil, is just the latest of a long line of oil-influenced diplomatic/military incidents, which may be expected to continue. Assuming that the world's remaining oil was evenly distributed and demand did not grow, if exploration and development proceeded as efficiently as they have in the U.S., world oil production could be sustained at around current levels to about the middle of the next century. It then would begin a long decline in response to a depleting resource base. However, the world's remaining oil is very unevenly distributed. It is located primarily in the Eastern Hemisphere, mostly in the Persian Gulf, and much is controlled by the Organization of Petroleum Exporting Countries. Scientific resource assessments indicate that about half of the world's remaining conventionally recoverable crude oil resource occurs in the Persian Gulf area. In terms of proved reserves (known recoverable oil), the Persian Gulf portion increase to almost two-thirds

Economic crisis and oil market balances

International Nuclear Information System (INIS)

Duquesnoy, S.; Rozenberg, J.; Hourcade, J.Ch.

2011-01-01

One might intuitively think that an economic crisis would at least relieve the pressure on oil supply since it slows energy demand. From the model of the oil market DYSMO, we show that an economic crisis may on the contrary increase tension, as it postpones investment in oil supply. (authors)

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

The future of oil supply.

Science.gov (United States)

Miller, Richard G; Sorrell, Steven R

2014-01-13

Abundant supplies of oil form the foundation of modern industrial economies, but the capacity to maintain and grow global supply is attracting increasing concern. Some commentators forecast a peak in the near future and a subsequent terminal decline in global oil production, while others highlight the recent growth in 'tight oil' production and the scope for developing unconventional resources. There are disagreements over the size, cost and recoverability of different resources, the technical and economic potential of different technologies, the contribution of different factors to market trends and the economic implications of reduced supply. Few debates are more important, more contentious, more wide-ranging or more confused. This paper summarizes the main concepts, terms, issues and evidence that are necessary to understand the 'peak oil' debate. These include: the origin, nature and classification of oil resources; the trends in oil production and discoveries; the typical production profiles of oil fields, basins and producing regions; the mechanisms underlying those profiles; the extent of depletion of conventional oil; the risk of an approaching peak in global production; and the potential of various mitigation options. The aim is to introduce the subject to non-specialist readers and provide a basis for the subsequent papers in this Theme Issue.

Oil sands market and transportation solutions

International Nuclear Information System (INIS)

Sandahl, R.

2004-01-01

This presentation outlined the immense potential of the western Canadian oil sands reserves. Recoverable reserves have been estimated at 180 billion barrels, with production forecasts estimated at 5 million barrels per day by 2030. Resource development is occurring at a time when the world's largest oil importer is increasing supplies through concern for security of supply. The second and third largest oil importers in the world are experiencing economic and energy demand growth. These factors underscore the motivation for rapid growth of the Western Canadian Oil Sands reserves. One of the challenges that must be addressed is to ensure that incremental markets for the increased production are accessed. Another challenge is to ensure adequate infrastructure in terms of pipeline capacity to ensure deliverability of the product. tabs., figs

Increasing Heavy Oil Reserves in the Wilmington Oil Field Through Advanced Reservoir Characterization and Thermal Production Technologies, Class III

Energy Technology Data Exchange (ETDEWEB)

City of Long Beach; Tidelands Oil Production Company; University of Southern California; David K. Davies and Associates

2002-09-30

The objective of this project was to increase the recoverable heavy oil reserves within sections of the Wilmington Oil Field, near Long Beach, California through the testing and application of advanced reservoir characterization and thermal production technologies. It was hoped that the successful application of these technologies would result in their implementation throughout the Wilmington Field and, through technology transfer, will be extended to increase the recoverable oil reserves in other slope and basin clastic (SBC) reservoirs.

1170-MW(t) HTGR-PS/C plant application study report: shale oil recovery application

International Nuclear Information System (INIS)

Rao, R.; McMain, A.T. Jr.

1981-05-01

The US has large shale oil energy resources, and many companies have undertaken considerable effort to develop economical means to extract this oil within environmental constraints. The recoverable shale oil reserves in the US amount to 160 x 10 9 m 3 (1000 x 10 9 bbl) and are second in quantity only to coal. This report summarizes a study to apply an 1170-MW(t) high-temperature gas-cooled reactor - process steam/cogeneration (HTGR-PS/C) to a shale oil recovery process. Since the highest potential shale oil reserves lie in th Piceance Basin of Western Colorado, the study centers on exploiting shale oil in this region

The Peak of the Oil Age - Analyzing the world oil production Reference Scenario in World Energy Outlook 2008

International Nuclear Information System (INIS)

Aleklett, Kjell; Hoeoek, Mikael; Jakobsson, Kristofer; Lardelli, Michael; Snowden, Simon; Soederbergh, Bengt

2010-01-01

The assessment of future global oil production presented in the IEA's World Energy Outlook 2008 (WEO 2008) is divided into 6 fractions; four relate to crude oil, one to non-conventional oil, and the final fraction is natural-gas-liquids (NGL). Using the production parameter, depletion-rate-of-recoverable-resources, we have analyzed the four crude oil fractions and found that the 75 Mb/d of crude oil production forecast for year 2030 appears significantly overstated, and is more likely to be in the region of 55 Mb/d. Moreover, analysis of the other fractions strongly suggests lower than expected production levels. In total, our analysis points to a world oil supply in 2030 of 75 Mb/d, some 26 Mb/d lower than the IEA predicts. The connection between economic growth and energy use is fundamental in the IEA's present modelling approach. Since our forecast sees little chance of a significant increase in global oil production, our findings suggest that the 'policy makers, investors and end users' to whom WEO 2008 is addressed should rethink their future plans for economic growth. The fact that global oil production has very probably passed its maximum implies that we have reached the Peak of the Oil Age.

Flood offers new hope for marginal oil fields

Energy Technology Data Exchange (ETDEWEB)

1966-03-14

The economics of producing a marginal Cardium sand oil field in west-central Alberta have been greatly improved by introduction of an inexpensive waterflood pressure maintenance and secondary recovery project. Canadian Gridoil Ltd. is now in full operation at its Willesden Green Cardium Unit No. 5. Of the 8.1 million bbl estimated original oil in place, only 9% would have been recoverable by primary depletion. The waterflood is calculated to add 13%, for ultimate recovery of 22% or 1.8 million bbl. This waterflood installation is considered a prototype of economical and profitable pressure maintenance systems which can be built to advantage in marginal oil fields in Alberta. Ultimate returns in the form of increased oil production and more than doubled oil recovery will be immensely greater than the capital investment of $195,000 in the facilities. Assuming GOR control and full well allowables, the entire capital cost should be paid out within 3 years. Life of the field is estimated at not less than 25 years.

The Pentagon’s New Map...to Oblivion: Why the United States Should Declare War on Oil

Science.gov (United States)

2005-05-17

U.S. Geological Survey reports that the economically recoverable oil from the reserve would account for only 0.3 percent of the global oil inventory .28...policy is the same...we need to fill in the knowledge and the scientific gaps.,,35 Climate change, it seems, is an acceptable risk. Meanwhile, America...for western skiers ), "extended uncontrolled emissions" could lead to major problems, including releasing significant volumes of sea-level impacting

Decrease of oil prices: economic boom, ecologic challenge

International Nuclear Information System (INIS)

Saussay, Aurelien; Guillou, Antoine; Boissel, Charles

2015-01-01

After having outlined how oil price collapse changes the economic deal, the authors analyse the determining factors of this collapse: slowing demand, exceeding supply, financialization of oil markets, no decision of reduction of production by the OPEC, decision by major companies to postpone investments rather than to re-balance short-term supply, production adjustment related to shale oil production. The second part analyses and discusses the economic consequences of oil price collapse: immediate impact on the French economy (reduction of the energy bill, different effects on the different economic actors, main related risks), economic scenarios on a medium term (contribution of models of macro-economic balance, possible economic growth of 0.4 due to oil price reduction, uncertain behaviour of economic actors, risk of deflation). In the third part, the authors make some proposals aimed at adapting the economy in order to take advantage of oil price reduction: to support energy transition with a required reform of energy taxing (for example for automotive fuels), to invest associated savings in energy transition and in transport infrastructure, to help households and companies in their energy transition

Overview of a compre­hensive resource database for the assessment of recoverable hydrocarbons produced by carbon dioxide enhanced oil recovery

Science.gov (United States)

Carolus, Marshall; Biglarbigi, Khosrow; Warwick, Peter D.; Attanasi, Emil D.; Freeman, Philip A.; Lohr, Celeste D.

2017-10-24

A database called the “Comprehensive Resource Database” (CRD) was prepared to support U.S. Geological Survey (USGS) assessments of technically recoverable hydrocarbons that might result from the injection of miscible or immiscible carbon dioxide (CO2) for enhanced oil recovery (EOR). The CRD was designed by INTEK Inc., a consulting company under contract to the USGS. The CRD contains data on the location, key petrophysical properties, production, and well counts (number of wells) for the major oil and gas reservoirs in onshore areas and State waters of the conterminous United States and Alaska. The CRD includes proprietary data on petrophysical properties of fields and reservoirs from the “Significant Oil and Gas Fields of the United States Database,” prepared by Nehring Associates in 2012, and proprietary production and drilling data from the “Petroleum Information Data Model Relational U.S. Well Data,” prepared by IHS Inc. in 2012. This report describes the CRD and the computer algorithms used to (1) estimate missing reservoir property values in the Nehring Associates (2012) database, and to (2) generate values of additional properties used to characterize reservoirs suitable for miscible or immiscible CO2 flooding for EOR. Because of the proprietary nature of the data and contractual obligations, the CRD and actual data from Nehring Associates (2012) and IHS Inc. (2012) cannot be presented in this report.

An economic model for seaborne oil trade

OpenAIRE

Hong, Kian-Wah

1996-01-01

This thesis aims to provide some insights as to how oil prices and oil flows might vary with the carrying capacity of the tanker fleet as affected by political events. It provides an econometric analysis of tanker freight rates in the modern era and proposes a mathematical (quadratic) programming economic model that links the crude oil market to the supply elasticity of the world oil tanker fleet based on a competitive economy. The economic model can be considered as a version of the Walras-C...

Do Oil-Producing Countries Have Normal Oil Overconsumption? An Investigation of Economic Growth and Energy Subsidies

OpenAIRE

Seyed Reza Mirnezami

2015-01-01

The data shows that oil-producing countries have low oil retail prices and low economic growth compared with other countries. Considering that oil-producing countries experience high oil consumption and low economic growth, it is possible to argue that economic growth is not an appropriate justification for oil consumption and that the main cause for high oil consumption is the low retail price. In addition, it should be noted that the global environmental movement against increasing greenhou...

Do Oil-Producing Countries Have Normal Oil Overconsumption? An Investigation of Economic Growth and Energy Subsidies

Directory of Open Access Journals (Sweden)

Seyed Reza Mirnezami

2015-07-01

Full Text Available The data shows that oil-producing countries have low oil retail prices and low economic growth compared with other countries. Considering that oil-producing countries experience high oil consumption and low economic growth, it is possible to argue that economic growth is not an appropriate justification for oil consumption and that the main cause for high oil consumption is the low retail price. In addition, it should be noted that the global environmental movement against increasing greenhouse gas emissions—for example, the Kyoto 1998 agreement—seems to have had no effect on oil consumption in oil-producing countries.

Oil sands and heavy oil development issues and prospects under a Liberal government

International Nuclear Information System (INIS)

Shiry, J.

1993-01-01

A short review is presented of some of the factors affecting development of the western Canadian oil sands and heavy oil deposits to the year 2000. The Alberta oil sands resource has at least 1 trillion bbl of recoverable oil. At current prices, technology is the key to reducing costs to a more economic level. Cash operating costs have halved to $15/bbl over the past decade and the oil sands companies have programs to halve that figure again. A problem is the rising cost of natural gas as a fuel, which could jeopardize further development of both oil sand and heavy oil resources. In Saskatchewan, over 25 billion bbl of heavy oil are estimated to be in place. The biggest question is what percentage can be recovered; again, technology such as horizontal wells, 3-dimensional seismic, and steam assisted recovery is playing an important role. Concerns are expressed about the intentions of the new Liberal government concerning oil sand/heavy oil development, especially on the issues of foreign investment, exports, and environmental policy. A Liberal energy policy is not likely to allow U.S. direct investment in an oil sands plant to be tied to export of production, and the energy- and emissions-intensive nature of the oil sand/heavy oil industry will tend to make environmental approvals difficult

The dynamics of oil consumption and economic growth in Malaysia

International Nuclear Information System (INIS)

Park, Sun-Young; Yoo, Seung-Hoon

2014-01-01

This study attemps to investiagte the causal relationship between oil consumption and economic growth in Malaysia where oil consumption and real gross domestic product have been rapidly increased in recent years. To this end, the study employs annual data covering the period 1965–2011. Tests for unit roots, co-integration, and Granger-causality based on the error-correction models are presented. The overall results support the existence of bi-directional causality between oil consumption and economic growth in Malaysia. This means that an increase in oil consumption directly affect economic growth. Thus, in order not to make an adverse effect on economic growth, Malaysia should endeavor to overcome the constraints on oil consumption. Moreover, it appears that economic growth induces oil consumption. - Highlights: • We examine the causality between oil consumption and economic growth in Malaysia. • We employed the annual data covering the period 1965–2011. • We estimated error-correction models to test for the direction of causality. • We found that there is bi-directional causality between the two

Genome-Wide Association Study for Susceptibility to and Recoverability From Mastitis in Danish Holstein Cows

Science.gov (United States)

Welderufael, B. G.; Løvendahl, Peter; de Koning, Dirk-Jan; Janss, Lucas L. G.; Fikse, W. F.

2018-01-01

Because mastitis is very frequent and unavoidable, adding recovery information into the analysis for genetic evaluation of mastitis is of great interest from economical and animal welfare point of view. Here we have performed genome-wide association studies (GWAS) to identify associated single nucleotide polymorphisms (SNPs) and investigate the genetic background not only for susceptibility to – but also for recoverability from mastitis. Somatic cell count records from 993 Danish Holstein cows genotyped for a total of 39378 autosomal SNP markers were used for the association analysis. Single SNP regression analysis was performed using the statistical software package DMU. Substitution effect of each SNP was tested with a t-test and a genome-wide significance level of P-value mastitis were located in or very near to genes that have been reported for their role in the immune system. Genes involved in lymphocyte developments (e.g., MAST3 and STAB2) and genes involved in macrophage recruitment and regulation of inflammations (PDGFD and PTX3) were suggested as possible causal genes for susceptibility to – and recoverability from mastitis, respectively. However, this is the first GWAS study for recoverability from mastitis and our results need to be validated. The findings in the current study are, therefore, a starting point for further investigations in identifying causal genetic variants or chromosomal regions for both susceptibility to – and recoverability from mastitis. PMID:29755506

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

Genome-Wide Association Study for Susceptibility to and Recoverability From Mastitis in Danish Holstein Cows

Directory of Open Access Journals (Sweden)

B. G. Welderufael

2018-04-01

Full Text Available Because mastitis is very frequent and unavoidable, adding recovery information into the analysis for genetic evaluation of mastitis is of great interest from economical and animal welfare point of view. Here we have performed genome-wide association studies (GWAS to identify associated single nucleotide polymorphisms (SNPs and investigate the genetic background not only for susceptibility to – but also for recoverability from mastitis. Somatic cell count records from 993 Danish Holstein cows genotyped for a total of 39378 autosomal SNP markers were used for the association analysis. Single SNP regression analysis was performed using the statistical software package DMU. Substitution effect of each SNP was tested with a t-test and a genome-wide significance level of P-value < 10-4 was used to declare significant SNP-trait association. A number of significant SNP variants were identified for both traits. Many of the SNP variants associated either with susceptibility to – or recoverability from mastitis were located in or very near to genes that have been reported for their role in the immune system. Genes involved in lymphocyte developments (e.g., MAST3 and STAB2 and genes involved in macrophage recruitment and regulation of inflammations (PDGFD and PTX3 were suggested as possible causal genes for susceptibility to – and recoverability from mastitis, respectively. However, this is the first GWAS study for recoverability from mastitis and our results need to be validated. The findings in the current study are, therefore, a starting point for further investigations in identifying causal genetic variants or chromosomal regions for both susceptibility to – and recoverability from mastitis.

Geology and assessment of the undiscovered, technically recoverable petroleum resources of Armenia, 2013

Science.gov (United States)

Klett, T.R.

2016-02-23

The U.S. Geological Survey (USGS) assessed the undiscovered, technically recoverable oil and gas resources of Armenia in 2013. A Paleozoic and a Cenozoic total petroleum system (TPS) were identified within the country of Armenia. The postulated petroleum system elements are uncertain, resulting in low geologic probabilities for significant oil an gas resources. Two assessment units (AU) were delineated in each TPS—a Paleozoic-Sourced Conventional Reservoirs AU and a Permian Shale Gas AU in the Paleozoic Composite TPS and a Paleogene-Sourced Conventional Reservoirs AU and a Cenozoic Coalbed Gas AU in the Cenozoic Composite TPS. The TPS elements are largely uncertain and risked, and so only the Paleogene-Sourced Conventional Reservoirs AU was quantitatively assessed because the geologic probability is more than the threshold of 10 percent (that is, the probability of at least one conventional oil or gas accumulation of 5 million barrels of oil equivalent or greater based on postulated petroleum-system elements). The USGS estimated fully risked mean volumes of about 1 million barrels of oil (MMBO), about 6 billion cubic feet of natural gas (BCFG), and less than 1 million barrels of natural gas liquids (MMBNGL).

Global Integration, Non-Oil Export and Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Ozoemena Stanley Nwodo

2017-03-01

Full Text Available This study focuses on global integration, non-oil export and economic growth in Nigeria. The direct and interaction effect of the both openness variables and non-oil export on economic growth in Nigeria is investigated using quarterly data from 1986-2014. For analysis, it uses one measures of financial openness: de facto (total capital flow variables following Aizenman and Noy (2009.and a measure of trade openness adopted by Okoh (2004. The study applies the Autoregressive Distributed Lag Model (ARDL. The results show positive impact of non-oil export on economic growth in Nigeria both in the short run and in the long run, negative effect of trade and financial openness on economic growth however, the result recorded a negative effect of the interaction of trade openness and non-oil export on economic growth and a positive effect of the interaction of financial openness and non-oil export on economic growth. Thus, the study recommends among others that government should get the fundamentals right in the economy first that will boost non-oil sector before opening the economy for trade.

Reserve growth of the world's giant oil fields

Science.gov (United States)

Klett, T.R.; Schmoker, J.W.

2005-01-01

Analysis of estimated total recoverable oil volume (field size) of 186 well-known giant oil fields of the world (>0.5 billion bbl of oil, discovered prior to 1981), exclusive of the United States and Canada, demonstrates general increases in field sizes through time. Field sizes were analyzed as a group and within subgroups of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries. From 1981 through 1996, the estimated volume of oil in the 186 fields for which adequate data were available increased from 617 billion to 777 billion bbl of oil (26%). Processes other than new field discoveries added an estimated 160 billion bbl of oil to known reserves in this subset of the world's oil fields. Although methods for estimating field sizes vary among countries, estimated sizes of the giant oil fields of the world increased, probably for many of the same reasons that estimated sizes of oil fields in the United States increased over the same time period. Estimated volumes in OPEC fields increased from a total of 550 billion to 668 billion bbl of oil and volumes in non-OPEC fields increased from 67 billion to 109 billion bbl of oil. In terms of percent change, non-OPEC field sizes increased more than OPEC field sizes (63% versus 22%). The changes in estimated total recoverable oil volumes that occurred within three 5-year increments between 1981 and 1996 were all positive. Between 1981 and 1986, the increase in estimated total recoverable oil volume within the 186 giant oil fields was 11 billion bbl of oil; between 1986 and 1991, the increase was 120 billion bbl of oil; and between 1991 and 1996, the increase was 29 billion bbl of oil. Fields in both OPEC and non-OPEC countries followed trends of substantial reserve growth.

A variant of the Hubbert curve for world oil production forecasts

International Nuclear Information System (INIS)

Maggio, G.; Cacciola, G.

2009-01-01

In recent years, the economic and political aspects of energy problems have prompted many researchers and analysts to focus their attention on the Hubbert Peak Theory with the aim of forecasting future trends in world oil production. In this paper, a model that attempts to contribute in this regard is presented; it is based on a variant of the well-known Hubbert curve. In addition, the sum of multiple-Hubbert curves (two cycles) is used to provide a better fit for the historical data on oil production (crude and natural gas liquid (NGL)). Taking into consideration three possible scenarios for oil reserves, this approach allowed us to forecast when peak oil production, referring to crude oil and NGL, should occur. In particular, by assuming a range of 2250-3000 gigabarrels (Gb) for ultimately recoverable conventional oil, our predictions foresee a peak between 2009 and 2021 at 29.3-32.1 Gb/year.

Assessment of Undiscovered Oil and Gas Resources of the Red Sea Basin Province

Science.gov (United States)

,

2010-01-01

The U.S. Geological Survey estimated mean volumes of 5 billion barrels of undiscovered technically recoverable oil and 112 trillion cubic feet of recoverable gas in the Red Sea Basin Province using a geology-based assessment methodology.

Comparative techno-economic analysis of biohydrogen production via bio-oil gasification and bio-oil reforming

International Nuclear Information System (INIS)

Zhang, Yanan; Brown, Tristan R.; Hu, Guiping; Brown, Robert C.

2013-01-01

This paper evaluates the economic feasibility of biohydrogen production via two bio-oil processing pathways: bio-oil gasification and bio-oil reforming. Both pathways employ fast pyrolysis to produce bio-oil from biomass stock. The two pathways are modeled using Aspen Plus ® for a 2000 t d −1 facility. Equipment sizing and cost calculations are based on Aspen Economic Evaluation® software. Biohydrogen production capacity at the facility is 147 t d −1 for the bio-oil gasification pathway and 160 t d −1 for the bio-oil reforming pathway. The biomass-to-fuel energy efficiencies are 47% and 84% for the bio-oil gasification and bio-oil reforming pathways, respectively. Total capital investment (TCI) is 435 million dollars for the bio-oil gasification pathway and is 333 million dollars for the bio-oil reforming pathway. Internal rates of return (IRR) are 8.4% and 18.6% for facilities employing the bio-oil gasification and bio-oil reforming pathways, respectively. Sensitivity analysis demonstrates that biohydrogen price, biohydrogen yield, fixed capital investment (FCI), bio-oil yield, and biomass cost have the greatest impacts on facility IRR. Monte-Carlo analysis shows that bio-oil reforming is more economically attractive than bio-oil gasification for biohydrogen production. -- Highlights: ► Biohydrogen production via bio-oil reforming has higher energy efficiency compared to gasification. ► Hydrogen price, fixed capital cost, and feedstock cost most strongly affect IRR. ► Lower risk investment is biohydrogen production via bio-oil reforming

An empirical nexus between oil price collapse and economic growth in Sub-Saharan African oil based economies

Directory of Open Access Journals (Sweden)

KEJI Sunday Anderu

2018-06-01

Full Text Available The focus of this study, is to empirically investigate the nexus between oil price collapse and economic growth in sub-Saharan Africa oil based economies, specifically from Angola, Nigeria and Sudan between January, 2010 and December, 2015, through panel random effects model (REM: Economic growth rate (GDPR and independent variables: Oil price (OPR, Exchange rate (EXR, Industrial Output (IND and Terms of Trade (TOT. REM result showed that there is negative link between oil price collapse and the economic growth in the case of Angola, Nigeria and Sudan, which confirmed the nexus between oil price collapse and economic growth. Post estimation tests such as Hausman and Breusch and Pagan Lagrange Multiplier Test were adopted to empirically show the consistency and efficiency of the model. Interestingly, the two key variables (GDPR and OPR disclose how unprecedented oil price fall disrupts economic growth of the selected economies. Meanwhile, poor institutional quality in the oil sector coupled with poor fiscal measure among others, further expose these economies to unprecedented external shocks that was characterized by skyrocket exchange rate, hence destabilize growth within the period under review. Therefore, the need for a robust fiscal measure is pertinent in order to sustain economic growth

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

Design of governmental policies for oil production rates and oil income spending. A long-term perspective. [Norway

Energy Technology Data Exchange (ETDEWEB)

Moxnes, E

1982-09-01

In 1980, oil production in Norway amounted to 1 million barrels per day. Taxes and royalties to the government from this production provides 9 per cent of the GNP. With current estimates of recoverable reserves, the 1980 production rate would last for 100 years. Decisions about oil production rates and oil income spending have tremendous impact on society. Attemps to design an appropriate oil policy are complicated by uncertainty about total reserves, future oil prices and complex economic responses to production and income. This report provides and integrating framework to aid government officials in their evaluation of policy options. A system dynamics model of the Norwegian national economy is developed for the analysis. The model determines endogenously the spending of oil income, GNP, consumption and investments, imports and exports, unemployment and labor migration from exporting industries to service industries; all variables result from exogenous decisions about oil production. Though the model is based on behavioral theory of economic decision making at the microeconomic level, it reproduces well major behavior modes of macroeconomic indicators from the 1970s. The most attractive oil policy has been found to be a dynamic and firm ceiling on spending. Dynamic means that growth in spending should be limited, spending should not increase unless the economy is appropriately buffered against oil price drops by foreign savings and spending should never exceed a maximum ceiling set to ensure a desirabel distribution of benefits and problems over time. Firm means that the ceiling cannot be changed by Parliament within an election period. If a firm ceiling on spending is politically infeasible, oil production should be kept lower than otherwise.

Global economic activity and crude oil prices. A cointegration analysis

International Nuclear Information System (INIS)

He, Yanan; Wang, Shouyang; Lai, Kin Keung

2010-01-01

This paper empirically investigates the cointegrating relationship between crude oil prices and global economic activity. The Kilian economic index is used as an indicator of global economic activity. Based on a supply-demand framework and the cointegration theory, we find that real futures prices of crude oil are cointegrated with the Kilian economic index and a trade weighted US dollar index, and crude oil prices are influenced significantly by fluctuations in the Kilian economic index through both long-run equilibrium conditions and short-run impacts. We also develop an empirically stable, data-coherent and single-equation error-correction model (ECM) which has sensible economic properties. Empirical results based on the ECM show that the adjustment implied by a permanent change in the Kilian economic index is a relatively drawn-out process. (author)

A new era of opportunity for Canada's oil sands

International Nuclear Information System (INIS)

1996-06-01

The enormous potential for wealth that is offered by Canada's oil sands deposits was discussed. Alberta's oil sands contain more recoverable oil than all the reserves of Saudi Arabia - but they have barely been developed. They are a natural resource of sufficient size, scale and competitive advantage to be of great benefit to the economy. The National Oil Sands Task Force has invested billions of dollars in the project and believes that the industry can triple production over the next 25 years. Benefits to Canadians will include an estimated 44,000 new jobs across the country, $97 billion increase in revenue for all levels of government, and $100 billion increase in consumer disposable incomes. In order to realize these socio-economic benefits, some important improvements were recommended to insure industry efficiency and growth. Some of the recommendations included increased investment in science and technology, as a key component of development. 1 tab., 4 figs

Economic impacts of Alberta's oil sands, volume 1

International Nuclear Information System (INIS)

Timilsina, G.R.; LeBlanc, N.; Walden, T.

2005-01-01

In 2004, the international media recognized Alberta's oil sands as part of the global oil reserves, thereby establishing Canada as second to Saudi Arabia as potential oil producing nations. The economic impacts of Alberta's oil sands industry on economies were assessed at regional, provincial and international levels for the 2000 to 2020 period. A customized input-output model was used to assess economic impacts, which were measured in terms of changes in gross domestic product; employment and labour income; and, government revenues. Cumulative impacts on employment by sector and by jurisdiction were also presented. An investment of $100 billion is expected through 2020, resulting in production of crude bitumen and synthetic crude oil outputs valued at about $531 billion. The impact of the oil sands industry on local employment was also evaluated. It was shown that activities in the oil sands industry will lead to significant economic impact in Alberta, Ontario, Quebec and the rest of Canada. Alberta's local economy would be the main beneficiary of oil sands activities with nearly 3.6 million person years employment created in Alberta during the 2000 to 2020. Another 3 million person years employment would be created in other Canadian provinces and outside Canada during the same time period. A sensitivity analysis on the responsiveness to oil prices and the removal of various constraints incorporated in the main analysis was also presented. The federal government will be the largest recipient of revenues generated to to oil sands activities. The results of the study were compared with that of the National Task Force on Oil Sands Strategies. This first volume revealed the results of the study while the second volume includes the data and detailed results. 48 refs., 57 tabs., 28 figs

Effects of oil production on economic growth in Eurasian countries: Panel ARDL approach

International Nuclear Information System (INIS)

Bildirici, Melike Elif; Kayıkçı, Fazıl

2013-01-01

This study aims at analyzing the relationship between oil production and economic growth in major oil exporting Eurasian countries; Azerbaijan, Kazakhstan, Russian Federation and Turkmenistan for 1993–2010 periods. Empirical results reveal that oil production and economic growth are cointegrated for these countries. Furthermore, there is positive bi-directional causality between oil production and economic growth both in the long run and in the short run which supports the policies about investing in energy infrastructure. -- Highlights: ► Causality between economic growth and oil production is important for energy policies. ► Oil production and GDP are cointegrated for four oil exporting Eurasian countries. ► There is positive bi-directional causality between oil production and economic growth for these countries.

IOGCC/DOE oil and gas environmental workshop

International Nuclear Information System (INIS)

1991-01-01

The Interstate Oil and Gas Compact Commission (IOGCC) in cooperation with US Department of Energy (DOE) has developed a workshop format to allow state regulatory officials and industry representatives the opportunity to participate in frank and open discussions on issues of environmental regulatory compliance. The purpose in providing this forum is to assist both groups in identifying the key barriers to the economic recoverability of domestic oil and gas resources while adequately protecting human health and the environment. The following topics were discussed, groundwater protection; temporarily abandoned and idle wells; effluent discharges; storm water runoff; monitoring and compliance; wetlands; naturally occurring radioactive materials; RCRA reauthorization and oil pollution prevention regulation. At the conclusion, all of the participants were asked to complete a questionnaire which critiqued the day activities. A discussion of each of the issues is made a part of this report as is a summary of the critique questionnaire which were received

Role of oil imports in economic development

International Nuclear Information System (INIS)

Madduri, V.B.N.S.; Radhika, G.

1990-01-01

This paper reports that energy has a vital role to play in a developing economy. The process of industrialization calls for continuous increase in energy use. In general, the greater the use of energy, the higher the economy is placed in the order of developed countries. Countries with high per-capita income have a high consumption level of energy too. On a per-capita basis, energy consumed in U.S.A. is 51.7 barrels of oil equivalent per year while in India, it is 0.9 barrels of oil equivalent only. Therefore, energy consumption, industrial development and economic growth are interlinked. Energy became a significant part in the process of development. In the case of developing countries, any change in the price of oil has a negative effect on economic growth. It was stated in one of the Oil and Natural Gas Commission reports that a fivefold increase in the international price of oil, in real terms, over the past 15 years has had profound effects on balance of payments and growth prospects in developing countries

Economic aspects of management of oil industry

International Nuclear Information System (INIS)

Purina, I.; Sipkovs, P.

1997-01-01

Oil industry is characterised by huge and long-term capital investments. This is one of the most specific features of the industry which has to be taken into account during the preparation of oil industry management framework by the state institutions. This article covers specific issues of cash flows and risks intrinsic in the oil industry projects as well as economic instruments to be applied. (author)

How does economic theory explain the Hubbert peak oil model?

International Nuclear Information System (INIS)

Reynes, F.; Okullo, S.; Hofkes, M.

2010-01-01

The aim of this paper is to provide an economic foundation for bell shaped oil extraction trajectories, consistent with Hubbert's peak oil model. There are several reasons why it is important to get insight into the economic foundations of peak oil. As production decisions are expected to depend on economic factors, a better comprehension of the economic foundations of oil extraction behaviour is fundamental to predict production and price over the coming years. The investigation made in this paper helps us to get a better understanding of the different mechanisms that may be at work in the case of OPEC and non-OPEC producers. We show that profitability is the main driver behind production plans. Changes in profitability due to divergent trajectories between costs and oil price may give rise to a Hubbert production curve. For this result we do not need to introduce a demand or an exploration effect as is generally assumed in the literature.

Nuclear energy in the oils sands

International Nuclear Information System (INIS)

Arsenault, J.E.

2014-01-01

The major Canadian oil sands are located in Alberta and Saskatchewan, with most production from the strata along the Athabasca River in Alberta. The economically recoverable oil sands reserves are estimated to be 168 billion barrels which at a current production rate of 1.8 million barrels per day (2012), are projected to last a very long time. Canada has been blessed with vast energy resources which make it potentially energy-independent and able to provide significant exports but there are concerns that their development cannot be managed in a wholly acceptable manner. Comparable concerns have been applied to nuclear energy in the past and in recent times to the oil sands. The technologies associated with these energy sources have always been controversial because they are at the confluence of economics and politics where finding a balance between risk and reward is difficult. So it should be no surprise that when these technologies get linked together in certain proposals their prospect for success is doubly difficult. The possible use of nuclear energy for production of oil from the oil sands dates back to the late 1950s, when an experiment to mine the oil by detonating an underground nuclear device was proposed. It was predicted that the heat and pressure released from such a device would create a large cavern into which oil would flow, and from where it would be pumped to the surface. Almost at the same time, oil sands research using conventional sources of energy had culminated with the development of practical refining processes, essentially those still in use today. These methods require large amounts of heat energy in the form of hot water and steam. In this century nuclear energy was proposed as the source for the heat required by the oil sands production processes. To date neither of these nuclear proposals for oil sands projects have been successful, because the economic and political balance could not be struck. (author)

Nuclear energy in the oils sands

Energy Technology Data Exchange (ETDEWEB)

Arsenault, J.E.

2014-09-15

The major Canadian oil sands are located in Alberta and Saskatchewan, with most production from the strata along the Athabasca River in Alberta. The economically recoverable oil sands reserves are estimated to be 168 billion barrels which at a current production rate of 1.8 million barrels per day (2012), are projected to last a very long time. Canada has been blessed with vast energy resources which make it potentially energy-independent and able to provide significant exports but there are concerns that their development cannot be managed in a wholly acceptable manner. Comparable concerns have been applied to nuclear energy in the past and in recent times to the oil sands. The technologies associated with these energy sources have always been controversial because they are at the confluence of economics and politics where finding a balance between risk and reward is difficult. So it should be no surprise that when these technologies get linked together in certain proposals their prospect for success is doubly difficult. The possible use of nuclear energy for production of oil from the oil sands dates back to the late 1950s, when an experiment to mine the oil by detonating an underground nuclear device was proposed. It was predicted that the heat and pressure released from such a device would create a large cavern into which oil would flow, and from where it would be pumped to the surface. Almost at the same time, oil sands research using conventional sources of energy had culminated with the development of practical refining processes, essentially those still in use today. These methods require large amounts of heat energy in the form of hot water and steam. In this century nuclear energy was proposed as the source for the heat required by the oil sands production processes. To date neither of these nuclear proposals for oil sands projects have been successful, because the economic and political balance could not be struck. (author)

Attribute Synthetic Evaluation Model for the CBM Recoverability and Its Application

Directory of Open Access Journals (Sweden)

Xiao-gang Xia

2015-01-01

Full Text Available The coal-bed methane (CBM recoverability is the basic premise of CBM development practice; in order to effectively evaluate the CBM recoverability, the attribute synthetic evaluation model is established based on the theory and method of attribute mathematics. Firstly, five indexes are chosen to evaluate the recoverability through analyzing the influence factors of CBM, including seam thickness, gas saturation, permeability, reservoir pressure gradient, and hydrogeological conditions. Secondly, the attribute measurement functions of each index are constructed based on the attribute mathematics theory, and the calculation methods of the single index attribute measurement and the synthetic attribute measurement also are provided. Meanwhile, the weight of each index is given with the method of similar number and similar weight; the evaluation results also are determined by the confidence criterion reliability code. At last, according to the application results of the model in some coal target area of Fuxin and Hancheng mine, the evaluation results are basically consistent with the actual situation, which proves that the evaluation model can be used in the CBM recoverability prediction, and an effective method of the CBM recoverability evaluation is also provided.

The role of technical progress in the process of recalculating oil reserves

International Nuclear Information System (INIS)

Boulard, J.N.

1999-01-01

Contrary to the concept of resources (which is essentially a geological one), the notion of reserves designates the quantities that are technically and economically recoverable. Beyond the production-related effect, the reserves therefore evolve over time in accordance with numerous technical and economic parameters. Among these parameters, it can be seen that technical progress plays a considerable role throughout the process of converting resources into reserves, including progress in the identification, accessibility and processing of the resources, and improvements in economic viability. After having tackled the problem of measuring the 'technical progress effects' and citing examples, we demonstrate that the evolution in oil reserves is subject to three types of impact. These are a quantitative impact by significantly improving the recovery rates or making it possible to identify hitherto undetectable oil fields, a qualitative impact by widening the resource base thanks to the adoption of new categories of oil (in particular the so-called 'unconventional' oils) and by carrying out the gradual substitution between these resources of differing qualities. There is also a dynamic impact, through the acceleration of resource availability. Through these three approaches, technical progress makes makes it possible to ensure continuity in oil supply and contributes significantly to the recalculation of reserves. It therefore acts as a compensating factor, counterbalancing the progressive depletion of resources. (author)

The oil supply mountain - is the summit in sight?

International Nuclear Information System (INIS)

Barnes, Philip.

1993-01-01

A brief review of the current status of global oil reserves and the prospects of recovering this oil at prices less than $30 a barrel is presented. In addition to the uncertainties over the volumes of recoverable oil at various costs, there are many uncertainties not least geopolitical ones. (UK)

Gulf of Alaska/Yakutat Planning Area oil and gas lease sale 158: Draft environmental impact statement

International Nuclear Information System (INIS)

1995-12-01

This environmental impact statement (EIS) addresses a proposed Federal action that will offer for lease areas in the Alaska Outer Continental Shelf (OCS). These areas may contain economically recoverable oil and gas resources. At this time, gas is not considered economically recoverable. Lease Sale 158, proposed for 1997, is comprised of lease blocks in the Gulf of Alaska Planning Area. Up to 977 blocks will be available for lease under the proposed action; only a small percentage is expected to be actually leased. Of the blocks that will be leased, only a portion will be drilled and could possibly result in production. The analytical methods used in this EIS have been formulated over a period of years. The first step of the analysis is the identification of significant environmental and socioeconomic resources through the scoping process outlined in Section I.D. The MMS then derives a range of energy-resource estimates from geologic and economic assumptions and establishes alternatives to the proposed action. The MMS assumes estimated levels of exploration and development activity for analyzing the proposed action. The MMS then analyzes the potential effects expected from the interaction between significant environmental and socioeconomic resources and OCS-related activities

The regional economic impact of oil and gas extraction in Texas

International Nuclear Information System (INIS)

Lee, Jim

2015-01-01

This paper empirically investigates the regional economic impact of oil and gas extraction in Texas during the recent shale oil boom. Regressions with county-level data over the period 2009–2014 support smaller multiplier effects on local employment and income than corresponding estimates drawn from popular input–output-based studies. Economic impacts were larger for extraction from gas wells than oil wells, while the drilling phase generated comparable impacts. Estimates of economic impacts are greater in a dynamic spatial panel model that allows for spillover effects across local economies as well as over time. - Highlights: • Economic impacts and multiplier effects differ between oil and gas wells in Texas. • Interactions among local economies raise employment and income effects. • Impacts persist over time, raising the long-run multipliers. • Greater economic impacts from newly drilled wells than legacy wells.

Economic dynamics of exporting countries and restructuring their oil industries

International Nuclear Information System (INIS)

De La Vega Navarro, A.

1994-01-01

The author analyses the re-organization of oil industries in exporting countries. The approach takes internal and external dynamics of these countries' economic crisis into account. It finally makes proposals with a view to a different consistency for the economic development of these countries. This could include a change from pure ''exporting countries'' to ''countries that (among other activities) export oil'' and which will not be conditioned by the incertitude of the international oil market. This in turn means that public oil companies will have to replace thinking in terms of oil rents and assume their industrial and productive role on both national and international levels. (Author). 21 refs., 1 tab

Conceptual design and techno-economic evaluation of efficient oil shale refinery processes ingratiated with oil and gas products upgradation

International Nuclear Information System (INIS)

Yang, Qingchun; Qian, Yu; Zhou, Huairong; Yang, Siyu

2016-01-01

Highlights: • Three integrated oil shale refinery processes are proposed. • Techno-economic performance of three proposed processes is conducted and compared. • Competitiveness of the three proposed processes is investigated at different scenarios. • A development direction for oil shale refinery industry is suggested. - Abstract: Compared with the petrochemical industry, oil shale refinery industry is still relatively backward and has many shortcomings, such as poor quality of shale oil, inefficient utilization of retorting gas, and the unsatisfactory economic performance. In the situation of the low oil price, many oil shale refinery plants are forced to stop or cut production. Thus, oil shale industry is facing a severe problem. How to relieve monetary loss or turn it into profits? This paper proposes three integrated oil shale refinery processes: an integrated with hydrogen production from retorting gas, an integrated with hydrogenation of shale oil, and an integrated with hydrogen production and oil hydrogenation. The techno-economic performance of the three different processes is conducted and compared with that of a conventional oil shale process. Results show the exergy destruction ratio of the oil shale process integrated with hydrogen production from retorting gas is the least, 41.6%, followed by the oil shale process integrated with hydrogen production and oil hydrogenation, 45.9%. Furthermore, these two proposed processes have the best economic performance. Especially they can turn losses of the conventional oil shale process into profits at the situation of low oil price. The oil shale process integrated with hydrogen production from retorting gas is recommended to the oil shale plants which use the oil shale with oil content lower than 12.9%, while the plants using oil shale with oil content higher than 12.9% are better to select the oil shale process integrated with hydrogen production and oil hydrogenation.

South African oil dependency : geo-political, geo-economic and geo-strategic considerations

OpenAIRE

2012-01-01

Ph.D. There is little research undertaken on the economic assessment of oil security of supply from the dimensions of geo-politics, geo-economics and geo-strategy. This study seeks to bridge the gap by providing new analytical and empirical work that captures the impact of geo-politics, geo-economics and geo-strategy on oil supply, consumption and price. This study is the first to define, analyse and contextualise the South African oil security of supply from a geo-political, geo-economic ...

The economic growth of oil countries; La croissance economique des pays petroliers

Energy Technology Data Exchange (ETDEWEB)

Arbod, G

2007-02-15

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)

Fundamentals of carbon dioxide-enhanced oil recovery (CO2-EOR): a supporting document of the assessment methodology for hydrocarbon recovery using CO2-EOR associated with carbon sequestration

Science.gov (United States)

Verma, Mahendra K.

2015-01-01

The objective of this report is to provide basic technical information regarding the CO2-EOR process, which is at the core of the assessment methodology, to estimate the technically recoverable oil within the fields of the identified sedimentary basins of the United States. Emphasis is on CO2-EOR because this is currently one technology being considered as an ultimate long-term geologic storage solution for CO2 owing to its economic profitability from incremental oil production offsetting the cost of carbon sequestration.

Economics of Alaska North Slope gas utilization options

International Nuclear Information System (INIS)

Thomas, C.P.; Doughty, T.C.; Hackworth, J.H.; North, W.B.; Robertson, E.P.

1996-08-01

The recoverable natural gas available for sale in the developed and known undeveloped fields on the Alaskan North Slope (ANS) total about 26 trillion cubic feet (TCF), including 22 TCF in the Prudhoe Bay Unit (PBU) and 3 TCF in the undeveloped Point Thomson Unit (PTU). No significant commercial use has been made of this large natural gas resource because there are no facilities in place to transport this gas to current markets. To date the economics have not been favorable to support development of a gas transportation system. However, with the declining trend in ANS oil production, interest in development of this huge gas resource is rising, making it important for the U.S. Department of Energy, industry, and the State of Alaska to evaluate and assess the options for development of this vast gas resource. The purpose of this study was to assess whether gas-to-liquids (GTL) conversion technology would be an economic alternative for the development and sale of the large, remote, and currently unmarketable ANS natural gas resource, and to compare the long term economic impact of a GTL conversion option to that of the more frequently discussed natural gas pipeline/liquefied natural gas (LNG) option. The major components of the study are: an assessment of the ANS oil and gas resources; an analysis of conversion and transportation options; a review of natural gas, LNG, and selected oil product markets; and an economic analysis of the LNG and GTL gas sales options based on publicly available input needed for assumptions of the economic variables. Uncertainties in assumptions are evaluated by determining the sensitivity of project economics to changes in baseline economic variables

The economic consequences of oil price rise

International Nuclear Information System (INIS)

Lescaroux, Francois

2006-05-01

The author discusses the possible consequences of oil barrel price rise. First, he discusses the main results of analysis's which have been performed for thirty years regarding the impact of oil price on economical activity. He proposes interpretations of these studies and of their conclusions, and tries to draw lessons regarding effects which can be expected from the recent evolutions of energy markets

The oil and gas resource potential of the Arctic National Wildlife Refuge 1002 area, Alaska

Science.gov (United States)

,

1999-01-01

In anticipation of the need for scientific support for policy decisions and in light of the decade-old perspective of a previous assessment, the USGS has completed a reassessment of the petroleum potential of the ANWR 1002 area. This was a comprehensive study by a team of USGS scientists in collaboration on technical issues (but not the assessment) with colleagues in other agencies and universities. The study incorporated all available public data and included new field and analytic work as well as the reevaluation of all previous work.Using a methodology similar to that used in previous USGS assessments in the ANWR and the NPRA, this study estimates that the total quantity of technically recoverable oil in the 1002 area is 7.7 BBO (mean value), which is distributed among 10 plays. Using a conservative estimate of 512 million barrels as a minimum commercially developable field size, then about 2.6 BBO of oil distributed in about three fields is expected to be economically recoverable in the undeformed part of the 1002 area. Using a similar estimated minimum field size, which may not be conservative considering the increased distance from infrastructure, the deformed area would be expected to have about 600 MMBO in one field.The amounts of in-place oil estimated for the 1002 area are larger than previous USGS estimates. The increase results in large part from improved resolution of reprocessed seismic data and geologic analogs provided by recent nearby oil discoveries.

OIL MARKET, NUCLEAR ENERGY CONSUMPTION AND ECONOMIC GROWTH: EVIDENCE FROM EMERGING ECONOMIES

Directory of Open Access Journals (Sweden)

Hanan Naser

2014-04-01

Full Text Available This paper empirically examines the relationship between oil consumption, nuclear energy consumption, oil price and economic growth in four emerging economies (Russia, China, South Korea, and India over the period from 1965 to 2010. Applying a modified version of the granger causality test developed by Toda and Yamamoto, we find that the level of world crude oil prices (WTI plays a crucial role in determining the economic growth in the investigated countries. The results suggest that there is a unidirectional causality running from real GDP to oil consumption in China and South Korea, while bidirectional relationship between oil consumption and real GDP growth appears in India. Furthermore, the results propose that while nuclear energy stimulates economic growth in both South Korea and India, the rapid increase in China economic growth requires additional usage of nuclear energy.

Oil price shocks, stock market, economic activity and employment in Greece

International Nuclear Information System (INIS)

Papapetrou, E.

2001-01-01

Using a multivariate vector-autoregression (VAR) approach, this paper attempts to shed light into the dynamic relationship among oil prices, real stock prices, interest rates, real economic activity and employment for Greece. The empirical evidence suggests that oil price changes affect real economic activity and employment. Oil prices are important in explaining stock price movements. Stock returns do not lead to changes in real activity and employment

Economics of Russian oil production

International Nuclear Information System (INIS)

Gubenko, I.

1993-01-01

The main technical indicators of oil production in Russia are presented from the year 1988, when the current decline in oil production started. In 1992, only 9 new oil deposits were put into production, and average well productivity dropped to 12.4 tonnes/d. The number of idle wells reached 31,934 as compared to 8,714 in 1988. The share of low productivity deposits in 1993 was 49.7%. In the first five months of 1993, the number of new wells put into operation failed to offset the shutdown of old wells. Although the number of workovers grew by 32%, this work was insufficient to stabilize oil production. The decline in production is due to the general state of economic stability and endless reorganizations in the economy, and to the lack of sufficient investment in the industry. Oil-producing enterprises have lacked funds due to systematic and growing indebtedness of buyers of crude. This overdue indebtedness reached 393 billion rubles by the beginning of 1993. Although domestic oil prices increased sharply in 1991-92, the volume of production in real terms has dropped by nearly a third. Oil is sold at different prices to different categories of buyers. Prices include expenses, profit from which a 32% profits tax is paid, excise taxes, and payments to a centralized price-regulation fund. From the industry point of view, certain reforms are necessary to reconstruct and develop the industry. These include ensuring payments to oil producers, gradual transfer of Russian prices to world levels, lowering taxes, and adoption and refinement of a law on oil. 1 fig., 7 tabs

Determination of the viability of chicken feather as oil spill clean-up ...

African Journals Online (AJOL)

In this study a comparative assessment was conducted between chicken feather and a conventional synthetic sorbent mat used in the oil industry to clean-up oil spill. The result of the study shows that chicken feather has higher oil sorption capacity and sorbed oil recoverability than the standard (synthetic sorbent mat), and ...

Maps showing geology, oil and gas fields, and geological provinces of South America

Science.gov (United States)

Schenk, C. J.; Viger, R.J.; Anderson, C.P.

1999-01-01

This digitally compiled map includes geology, geologic provinces, and oil and gas fields of South America. The map is part of a worldwide series on CD-ROM by World Energy Project released of the U.S. Geological Survey . The goal of the project is to assess the undiscovered, technically recoverable oil and gas resources of the world and report these results by the year 2000. For data management purposes the world is divided into eight energy regions corresponding approximately to the economic regions of the world as defined by the U.S. Department of State. South America (Region 6) includes Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Falkland Islands, French Guiana, Guyuna, Netherlands, Netherlands Antilles, Paraguay, Peru, Suriname, Trinidad and Tobago, Uruguay, and Venezuela.

Economic Assessment of Palm Oil Processing in Owerri Agricultural ...

African Journals Online (AJOL)

The study was on economic analysis of palm oil processing in Owerri Agricultural zone of Imo State, it was designed to determine the costs and returns of palm oil processing in the area of study. Seventy five (75) palm oil processors were randomly sampled from the study location and a structured interview schedule was ...

Economic Analysis of Production of Essential Oil using Steam ...

African Journals Online (AJOL)

acer

Economic Analysis of Production of Essential Oil using. Steam Distillation ... The return on investment (ROI) was 125%, internal rate of return ... oils, over dependency on petrodollar and ... The steam may be obtained from external boiler or.

End-of-Life in the railway sector: Analysis of recyclability and recoverability for different vehicle case studies.

Science.gov (United States)

Delogu, Massimo; Del Pero, Francesco; Berzi, Lorenzo; Pierini, Marco; Bonaffini, Davide

2017-02-01

The railway system represents one of the most resource-efficient answer to our ever-growing demand for transport service and the development trends for the following years forecast a substantial increase in this sector. Considering the European Union, rolling stock realizes a significant share of both goods and passengers carriage while it is responsible for a derisory quota of environmental impact and energy consumption involved by transportation. Contrary to the low environmental impact, the amount of End-of-Life (EoL) waste generated by rolling stocks in relation to the number of vehicles is notable, much greater than in the case of road vehicles. As railway vehicles are constituted by many heterogeneous components, the EoL rolling stock is a precious source of materials, whose recycling brings measurable economic benefits and needs to be appropriately debated. The paper presents calculation of recoverability/recyclability rate for different typologies of vehicles representative of railway transport; calculation is performed on the basis of primary data and according to the recyclability and recoverability calculation method issued by UNIFE in the context of Product Category Rules (PCR). The typologies of railway vehicles taken into account are electric metro, diesel commuter train and high-speed electric train. The analysis envisages also to replicate the calculation in case innovative materials and manufacturing technologies are adopted in the construction of car-body structure. Results show that recyclability/recoverability rates are abundantly over the quota of 90% for each one of the three trains, these latter being made in major part of metals that benefit from very efficient recovery processes. The adoption of innovative materials and manufacturing technologies for car-body structure involves a scarce reduction of recyclability and recoverability rates (about 2% and 0.2% respectively) due to the introduction of components and materials characterized by

How crude oil consumption impacts on economic growth of Sub-Saharan Africa?

International Nuclear Information System (INIS)

Bashiri Behmiri, Niaz; Pires Manso, José R.

2013-01-01

This study investigates the causality relationship between crude oil consumption and economic growth in twenty three Sub-Saharan African countries. We applied a multivariate panel Granger causality framework during 1985–2011 and we included crude oil price as the control variable of the model. The results indicate that in the short-run, there is a bi-directional causality relationship between crude oil consumption and economic growth in oil importing region and there is a uni-directional causality relationship from crude oil consumption to GDP in oil exporting region. However, in the long-run there is a bi-directional causality relationship between them in both regions. Therefore, reducing crude oil consumption without employing appropriate policies adversely impacts on economic growth of Sub-Saharan Africa. Hence, in order to reduce crude oil dependency of the region policymakers should pay more attention to the issue of energy efficiency programs. - Highlights: ► We examined Granger causality among oil consumption and GDP in Sub-Saharan Africa. ► Crude oil price is the control variable of the model. ► There is short run bi-directional causality among oil and GDP (oil importing). ► There is short run uni-directional causality from oil to GDP (oil exporting). ► There is a long run bi-directional causality among oil and GDP in both regions

Medium Term Economic Effects of Peak Oil Today

OpenAIRE

Dr. Ulrike Lehr; Dr. Christian Lutz; Kirsten Wiebe

2011-01-01

The paper at hand presents results of a model-based scenario analysis on the economic implications in the next decade of an oil peak today and significantly decreasing oil production in the coming years. For that the extraction paths of oil and other fossil fuels given in LBST (2010) are implemented in the global macroeconomic model GINFORS. Additionally, the scenarios incorporate different technological potentials for energy efficiency and renewable energy, which cannot be forecast using eco...

Oil Consumption, CO2 Emission, and Economic Growth: Evidence from the Philippines

Directory of Open Access Journals (Sweden)

Kyoung-Min Lim

2014-02-01

Full Text Available This paper attempts to investigate the short- and long-run causality issues among oil consumption, CO2 emissions, and economic growth in the Philippines by using time series techniques and annual data for the period 1965–2012. Tests for unit root, co-integration, and Granger-causality tests based on an error-correction model are presented. Three important findings emerge from the investigation. First, there is bi-directional causality between oil consumption and economic growth, which suggests that the Philippines should endeavor to overcome the constraints on oil consumption to achieve economic growth. Second, bi-directional causality between oil consumption and CO2 emissions is found, which implies that the Philippines needs to improve efficiency in oil consumption in order not to increase CO2 emissions. Third, uni-directional causality running from CO2 emissions to economic growth is detected, which means that growth can continue without increasing CO2 emissions.

Forecast of oil reserves and production in Daqing oilfield of China

Energy Technology Data Exchange (ETDEWEB)

Tang, Xu; Zhang, Baosheng; Feng, Lianyong [The School of Business Administration, China University of Petroleum-Beijing, 18 Fuxue Road, Changping, Beijing (China); Hoeoek, Mikael [Global Energy Systems, Department of Physics and Astronomy, Uppsala University, Box 535, SE-751 21 Uppsala (Sweden)

2010-07-15

As China' largest oilfield, Daqing is of great importance to China, this paper analyzes the status of the Daqing oilfield and forecasts its ultimate recoverable reserves by use of the URR model. The forecast results are presented for three scenarios which show that the ultimate recoverable reserves in Daqing oilfield are 3574.0 million tons in the optimistic scenario, 3169.3 million in the base case scenario and 3033.3 million in the pessimistic scenario, respectively. A system dynamics model is established and the quantitative relationships between variables in the model are determined. Total oil production, remaining recoverable reserves, annual newly discovered reserves, and the degree of reserves recovery before 2060 are simulated under the three scenarios by use of the system dynamics model. The forecast results show that the future oil production in Daqing oilfield will continue declining, under the base case scenario, from 41.6 million tons in 2007 to 8.0 million tons in 2060. For Chinese policy-makers, it is worth paying attention to the problem of whether oil production in new oilfields can effectively make up for the decline in production of the large, old oilfields. (author)

Have we run out of oil yet? Oil peaking analysis from an optimist's perspective

International Nuclear Information System (INIS)

Greene, David L.; Hopson, Janet L.; Li Jia

2006-01-01

This study addresses several questions concerning the peaking of conventional oil production from an optimist's perspective. Is the oil peak imminent? What is the range of uncertainty? What are the key determining factors? Will a transition to unconventional oil undermine or strengthen OPEC's influence over world oil markets? These issues are explored using a model combining alternative world energy scenarios with an accounting of resource depletion and a market-based simulation of transition to unconventional oil resources. No political or environmental constraints are allowed to hinder oil production, geological constraints on the rates at which oil can be produced are not represented, and when USGS resource estimates are used, more than the mean estimate of ultimately recoverable resources is assumed to exist. The issue is framed not as a question of 'running out' of conventional oil, but in terms of the timing and rate of transition from conventional to unconventional oil resources. Unconventional oil is chosen because production from Venezuela's heavy-oil fields and Canada's Athabascan oil sands is already underway on a significant scale and unconventional oil is most consistent with the existing infrastructure for producing, refining, distributing and consuming petroleum. However, natural gas or even coal might also prove to be economical sources of liquid hydrocarbon fuels. These results indicate a high probability that production of conventional oil from outside of the Middle East region will peak, or that the rate of increase of production will become highly constrained before 2025. If world consumption of hydrocarbon fuels is to continue growing, massive development of unconventional resources will be required. While there are grounds for pessimism and optimism, it is certainly not too soon for extensive, detailed analysis of transitions to alternative energy sources

Economic impacts of the S.S. Glacier Bay oil spill: Social and economic studies. Technical report (Final)

International Nuclear Information System (INIS)

Burden, P.; Isaacs, J.; Richardson, J.; Braund, S.; Witten, E.

1990-11-01

On July 2, 1987, an oil spill occurred in Cook Inlet when the S.S. Glacier Bay hit a submerged obstacle while enroute to Kenai Pipeline Company facilities to offload oil. The 1987 commercial fishery in Cook Inlet was barely underway when the S.S. Glacier Bay oil spill occurred, and the largest salmon return in history was moving up the inlet. The sockeye salmon run alone totaled over 12 million, providing a seasonal catch of 9.25 million salmon. The 1987 sport fishery in Cook Inlet was in mid-season at the time of the spill. The S.S. Glacier Bay oil spill represents an opportunity to study the economic impacts of an oil spill event in Alaska, particularly with regard to commercial fishing impacts and the public costs of cleanup. The report evaluates the existing information on the spill, response measures, and economic impacts, and adds discussions with individuals and groups involved in or affected by the spill to this data base. The report reviewed accounts of the oil spill and its costs; identified types and sources of data, developed protocol, and contacted groups and people for data collection and verification; and described, analyzed, and prepared reports of the economic effects of the S.S. Glacier Bay oil spill

An economic Manifesto for the oil exporting countries of the Persian Gulf

Directory of Open Access Journals (Sweden)

Hossein Askari

2006-12-01

Full Text Available The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a formal “Oil Fund for All Generations”. Others have proposed and implemented oil funds but in our proposal the government would (in time lose all access to oil revenues; by taking easy money away from governments and rulers, the likelihood of waste, corruption and wars will be reduced, and there will be better chance of adopting and implementing rational economic policies to enhance equity across generations.

Oil Price Volatility, Economic Growth and the Hedging Role of Renewable Energy

OpenAIRE

Rentschler, Jun E.

2013-01-01

This paper investigates the adverse effects of oil price volatility on economic activity and the extent to which countries can hedge against such effects by using renewable energy. By considering the Realized Volatility of oil prices, rather than following the standard approach of considering oil price shocks in levels, the effects of factor price uncertainty on economic activity are analy...

Oil Price Volatility and Economic Growth in Nigeria: a Vector Auto-Regression (VAR Approach

Directory of Open Access Journals (Sweden)

Edesiri Godsday Okoro

2014-02-01

Full Text Available The study examined oil price volatility and economic growth in Nigeria linking oil price volatility, crude oil prices, oil revenue and Gross Domestic Product. Using quarterly data sourced from the Central Bank of Nigeria (CBN Statistical Bulletin and World Bank Indicators (various issues spanning 1980-2010, a non‐linear model of oil price volatility and economic growth was estimated using the VAR technique. The study revealed that oil price volatility has significantly influenced the level of economic growth in Nigeria although; the result additionally indicated a negative relationship between the oil price volatility and the level of economic growth. Furthermore, the result also showed that the Nigerian economy survived on crude oil, to such extent that the country‘s budget is tied to particular price of crude oil. This is not a good sign for a developing economy, more so that the country relies almost entirely on revenue of the oil sector as a source of foreign exchange earnings. This therefore portends some dangers for the economic survival of Nigeria. It was recommended amongst others that there should be a strong need for policy makers to focus on policy that will strengthen/stabilize the economy with specific focus on alternative sources of government revenue. Finally, there should be reduction in monetization of crude oil receipts (fiscal discipline, aggressive saving of proceeds from oil booms in future in order to withstand vicissitudes of oil price volatility in future.

Technical and economic framework for market enhancement of shale oil

International Nuclear Information System (INIS)

Bunger, J.W.; Devineni, A.V.

1992-01-01

By now it is apparent that production of syncrude from shale oil will not be economically viable as long as there is a stable and reasonably-priced supply of petroleum. The costs and financial risks of producing syncrude from oil shale, in the face of price constraints imposed by petroleum markets, are too high to warrant private investment. A possible solution is to develop commodity and specialty products from shale oil which command a high market value. In this fashion, the economics are partially uncoupled from petroleum and an opportunity for a greater price/cost differential is provided

New life in old reservoirs - the microbial conversion of oil to methane

Science.gov (United States)

Gründger, Friederike; Feisthauer, Stefan; Richnow, Hans Hermann; Siegert, Michael; Krüger, Martin

2010-05-01

Since almost 20 years it is known from stable isotope studies that large amounts of biogenic methane are formed in oil reservoirs. The investigation of this degradation process and of the underlying biogeochemical controls are of economical and social importance, since even under optimal conditions, not more than 30-40 % of the oil in a reservoir is actually recovered. The conversion of parts of this non-recoverable oil via an appropriate biotechnological treatment into easily recoverable methane would provide an extensive and ecologically sound energy resource. Laboratory mesocosm as well as high pressure autoclave experiments with samples from different geosystems showed high methane production rates after the addition of oils, single hydrocarbons or coals. The variation of parameters, like temperature, pressure or salinity, showed a broad tolerance to environmental conditions. The fingerprinting of the microbial enrichments with DGGE showed a large bacterial diversity while that of Archaea was limited to three to four dominant species. The Q-PCR results showed the presence of high numbers of Archaea and Bacteria. To analyse their function, we measured the abundances of genes indicative of metal reduction (16S rRNA gene for Geobacteraceae), sulphate reduction (sulphate reductase, dsr), and methanogenesis (methyl coenzyme M-reductase, mcrA). The methanogenic consortia will be further characterised to determine enzymatic pathways and the individual role of each partner. Degradation pathways for different compounds will be studied using 13C-labelled substrates and molecular techniques. Our stable isotope data from both, methane produced in our incubations with samples from various ecosystems and field studies, implies a common methanogenic biodegradation mechanism, resulting in consistent patterns of hydrocarbon alteration.

Causality relationship between the price of oil and economic growth in Japan

International Nuclear Information System (INIS)

Hanabusa, Kunihiro

2009-01-01

This paper investigates the relationship between the price of oil and economic growth in Japan during the period from 2000 to 2008 using an exponential generalized autoregressive conditional heteroskedasticity (EGARCH) model. We employ a residual cross-correlation function (CCF) approach developed by [Cheung, Y.W., Ng, N.K., 1996. A causality-in-variance test and its application to financial market prices. Journal of Econometrics 72, 33-48]. The empirical results reveal that the economic growth rate Granger-causes the change of oil price in mean and variance and the change of oil price Granger-causes the economic growth rate in mean and variance. Previous studies have analyzed the response of economic activity to oil price shocks. However, we analyze the causality relations for both means and variances, and identify the direction of information flow and the timing of causation. (author)

Oil sands naphthenic acids: a review of properties, measurement, and treatment.

Science.gov (United States)

Brown, Lisa D; Ulrich, Ania C

2015-05-01

The Alberta oil sands contain one of the world's largest reserves of oil - over 169 billion barrels of bitumen are economically recoverable with current extraction technologies. Surface mining and subsequent hot water extraction of bitumen from the ore generates about nine cubic meters of raw tailings per cubic meter of oil. Oil sands facilities are required to operate under a policy of zero water discharge, resulting in ponds containing more than one billion cubic meters of tailings, a mixture of sand, fines and process-affected water. Process-affected water contains numerous organic compounds, including naphthenic acids (NAs), which have been identified as the primary source of acute toxicity of process-affected water. Developments in analytical techniques, aerobic biodegradability, and treatment via chemical oxidation (ozone) of NAs are reviewed. The field continues to be challenged by the lack of a cost-effective, accurate analytical technique for NAs or an understanding of all the organic constituents in process-affected water that may be contributing to observed toxicity and thus requiring treatment. Copyright © 2015 Elsevier Ltd. All rights reserved.

Historic, economic and geographic approach to the relations between economic growth and oil prices

International Nuclear Information System (INIS)

Girard, C.

1992-01-01

This paper attempts to analyze the complex relations between energy prices and economic growth. In part 1, the history of the last 30 years is used to analyze the consequences of energy price variations on world economic growth. In part 2, two interpretation schemes are described successively. One has to do with the international oil market, and the other concerns the impact of oil shocks on national economies. In part 3, an approach by type of country leads to conclusions respectively for the industrialized countries, for the developing countries and for the newly industrialized countries. 1 fig

Examining the impacts of oil price changes on economic indicators: A panel approach

Science.gov (United States)

Lim, Kah Boon; Sek, Siok Kun

2017-04-01

The impact of oil price on global economy is evident from many studies and research findings. In this study, we extend the research on examining the impact of oil price changes on economic indicators in terms of economic growth and inflation by comparing different groups of economies (high income versus low income countries and oil importing versus oil exporting countries). Our main objective is to reveal if such impact varies across country income level/ development and oil dependency. In addition, we also seek to compare the impacts of oil price relative to the other factors indicators (money supply, foreign direct investment, exchange rate, government expenditure, inflation and gross domestic product) on economy. For the purpose of this study, the co-integration regression (DOLS and FMOLS) techniques are applied to the panel dataset of four groups of economies which contain 10 countries in each panel dataset. The analysis results show that oil price is not the main determinant although it can have a significant impact on inflation and economic growth across all groups of economies. The three main determinants of economic growth are exchange rate, aggregate demand and government expenditure while the determinants of inflation are aggregate supply and exchange rate. Furthermore, our result also concludes that oil price has a positive impact in oil exporting economies but it shows a negative impact in oil importing economies due to the oil dependency factor.

Economics of oil regulation and the Brazilian reform. Some issues

International Nuclear Information System (INIS)

Hernandez-Perez, Adriana

2011-01-01

This paper reviews the economic fundamentals for regulation in the oil industry, with a focus on the current regulatory proposal for the Brazilian oil industry. The observed exploration and production (E and P) contracts foresee much of the characteristics of the optimal contract, with a remuneration structure that combines upfront with future payments to mitigate uncertainty and incentivize exploratory efforts. In Brazil, despite slow market deconcentration since 1997's liberalization, the current oil regulation is in general consistent with an optimal regulatory response. From an economic standpoint, the 2009's new regulatory proposal prompted by the major oil discoveries offshore in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts while the changes in the net risk of the E and P offshore activities are not so clear. (author)

Politics and economics to shape international oil and gas activity

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that political and economic events play unusually strong roles in shaping worldwide oil and gas activity levels this year. Developments in the former U.S.S.R. will be critical. As the now-independent republics adopt new economic systems, production and demand patterns will change, as will exports from what has been the world's leading oil producer. Changing conditions in the Middle East among members of the Organization of Petroleum Exporting countries also will affect the industry in the year following the brief Persian Gulf war. Unless worldwide demand surges unexpectedly, these substantial additions to supply will tend to weaken oil prices in 1992

Oil prices, nuclear energy consumption, and economic growth: New evidence using a heterogeneous panel analysis

International Nuclear Information System (INIS)

Lee, Chien-Chiang; Chiu, Yi-Bin

2011-01-01

This paper applies panel data analysis to examine the short-run dynamics and long-run equilibrium relationships among nuclear energy consumption, oil prices, oil consumption, and economic growth for developed countries covering the period 1971-2006. The panel cointegration results show that in the long run, oil prices have a positive impact on nuclear energy consumption, suggesting the existence of the substitution relationship between nuclear energy and oil. The long-run elasticity of nuclear energy with respect to real income is approximately 0.89, and real income has a greater impact on nuclear energy than do oil prices in the long run. Furthermore, the panel causality results find evidence of unidirectional causality running from oil prices and economic growth to nuclear energy consumption in the long run, while there is no causality between nuclear energy consumption and economic growth in the short run. - Research highlights: → We examine the relationship among nuclear energy consumption, oil prices, oil consumption, and economic growth for developed countries. → The existence of the substitution relationship between nuclear energy and oil. → Real income has a greater impact on nuclear energy than do oil prices in the long run. → An unidirectional causality running from oil prices and economic growth to nuclear energy consumption in the long run.

Regional economic impact of oil spills

International Nuclear Information System (INIS)

Heen, K.; Andersen, M.

1994-01-01

An approach is demonstrated of coupling an environmental model to input-output analysis which aims to quantify the regional economic impact of an environmental accident. The model is implemented with the data of a potential oil spill interacting with the salmon aquaculture industry in Northern Norway. The production loss in salmon aquaculture and the regional income impact is computed and discussed. The approach used in this article could be a model for estimating the regional socio-economic impact of environmental factors like water and air pollution. 1 fig., 4 tabs., 19 refs

How Fiscal Policy Affects Non-Oil Economic Performance in Azerbaijan?

Directory of Open Access Journals (Sweden)

Khatai Aliyev

2016-09-01

Full Text Available The role of fiscal policy in promoting economic growth has been subject to many studies since its suggestion by Keynes who stated expansionary/contractionary impact of public expenditures/taxes. In this context, effectiveness of fiscal policy use to develop non-oil sector in resource rich economies should be studied. This paper investigates short- and long-run effects of budget expenditures and tax related budget revenues (direct transfers from oil fund excluded over non-oil GDP while controlling for oil price volatility and oil production in case of Azerbaijan. Autoregressive Distributed Lag Bounds Testing (ARDLBT Approach to cointegration is employed for data covering 2000Q1-2015Q2. Estimation results theoretically consistent and statistically significant long-run effects of both budget expenditures and tax-related budget revenues. However, in the short-run, the effects are contrary to the theoretical expectations. Findings are useful for Azerbaijan fiscal policy makers especially in the current complicated nature of economic processes in the economy due to oil related challenges.

Profiles of Reservoir Properties of Oil-Bearing Plays for Selected Petroleum Provinces in the United States

Science.gov (United States)

Freeman, P.A.; Attanasi, E.D.

2015-11-05

Profiles of reservoir properties of oil-bearing plays for selected petroleum provinces in the United States were developed to characterize the database to be used for a potential assessment by the U.S. Geological Survey (USGS) of oil that would be technically recoverable by the application of enhanced oil recovery methods using injection of carbon dioxide (CO2-EOR). The USGS assessment methodology may require reservoir-level data for the purposes of screening conventional oil reservoirs and projecting CO2-EOR performance in terms of the incremental recoverable oil. The information used in this report is based on reservoir properties from the “Significant Oil and Gas Fields of the United States Database” prepared by Nehring Associates, Inc. (2012). As described by Nehring Associates, Inc., the database “covers all producing provinces (basins) in the United States except the Appalachian Basin and the Cincinnati Arch.”

A Facile and General Approach to Recoverable High-Strain Multishape Shape Memory Polymers.

Science.gov (United States)

Li, Xingjian; Pan, Yi; Zheng, Zhaohui; Ding, Xiaobin

2018-03-01

Fabricating a single polymer network with no need to design complex structures to achieve an ideal combination of tunable high-strain multiple-shape memory effects and highly recoverable shape memory property is a great challenge for the real applications of advanced shape memory devices. Here, a facile and general approach to recoverable high-strain multishape shape memory polymers is presented via a random copolymerization of acrylate monomers and a chain-extended multiblock copolymer crosslinker. As-prepared shape memory networks show a large width at the half-peak height of the glass transition, far wider than current classical multishape shape memory polymers. A combination of tunable high-strain multishape memory effect and as high as 1000% recoverable strain in a single chemical-crosslinking network can be obtained. To the best of our knowledge, this is the first thermosetting material with a combination of highly recoverable strain and tunable high-strain multiple-shape memory effects. © 2018 WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim.

Risk management in oil reservoir water-flooding under economic uncertainty

NARCIS (Netherlands)

Siraj, Muhammad; Van den Hof, Paul; Jansen, Jan Dirk

2015-01-01

Model-based economic optimization of the water-flooding process in oil reservoirs suffers from high levels of uncertainty. The achievable economic objective is highly uncertain due to the varying economic conditions and the limited knowledge of the reservoir model parameters. For improving

Maximum Recoverable Gas from Hydrate Bearing Sediments by Depressurization

KAUST Repository

Terzariol, Marco

2017-11-13

The estimation of gas production rates from hydrate bearing sediments requires complex numerical simulations. This manuscript presents a set of simple and robust analytical solutions to estimate the maximum depressurization-driven recoverable gas. These limiting-equilibrium solutions are established when the dissociation front reaches steady state conditions and ceases to expand further. Analytical solutions show the relevance of (1) relative permeabilities between the hydrate free sediment, the hydrate bearing sediment, and the aquitard layers, and (2) the extent of depressurization in terms of the fluid pressures at the well, at the phase boundary, and in the far field. Close form solutions for the size of the produced zone allow for expeditious financial analyses; results highlight the need for innovative production strategies in order to make hydrate accumulations an economically-viable energy resource. Horizontal directional drilling and multi-wellpoint seafloor dewatering installations may lead to advantageous production strategies in shallow seafloor reservoirs.

Exploratory assessment of the economic gains of a pre-salt oil field in Brazil

International Nuclear Information System (INIS)

Araujo Rodrigues, Larissa; Luís Sauer, Ildo

2015-01-01

In recent years, Brazil has made public several oil discoveries located in deep waters, below the salt layer. Discoveries are steadily enhancing national reserves and have brought the country into a new role in the global oil industry. This paper aims at investigating the economic gains that could be expected from a Brazilian oil field in the pre-salt region. Analyses were conducted based on the Libra field, the largest oil discovery in Brazil until now, with approximately 10 billion barrels. The results were calculated for different scenarios of oil prices, companies' arrangements and regulatory regimes. The findings suggest that economic gains could be higher for the Brazilian Government if the oil production were conducted under a service contract scheme. However, considering the current production-sharing regime in force for pre-salt areas, economic gains could be higher if a bidding process was conducted, ensuring for the Brazilian Government a higher participation in the oil to be produced. Additionally, the results demonstrate that under the current rules applied for the production-sharing regime, the government quota of oil has decreased over time, putting at risk economic results. - Highlights: • The paper investigates the economic gains of a pre-salt oil field in Brazil. • Government earnings could be higher under a service contract scheme. • The first production-sharing regime bid did not encourage competition. • Under the production-sharing rules government quota of oil decreases over time.

Naphtha evaporation from oil sands tailings ponds

Energy Technology Data Exchange (ETDEWEB)

Kasperski, K.; Munoz, V.; Mikula, R. [Natural Resources Canada, Devon, AB (Canada). CANMET Western Research Centre

2010-07-01

The environmental impacts of volatile organic compounds (VOCs) from oil sands tailings ponds must be considered when evaluating new oil sands mining and extraction operations. Studies have suggested that only 40 percent of the solvent sent to tailings ponds is available to the environment, while the rest is irreversibly trapped. The recovery of hydrocarbons from oil sands froth process water is low. This PowerPoint presentation discussed a method of distinguishing between water and hydrocarbons at low temperatures. Samples were heated to 246 degrees C at 15 degrees C and held for 10 minutes. Heating was then resumed at 750 degrees C and held for 10 minutes in a pyrolysis phase, then cooled and reheated with an oxygen addition. The method demonstrated that the diluent distribution between the solids and water phases is misinterpreted as diluent that will evaporate, and diluent that will not evaporate. The study concluded by suggesting that the definition of recoverable and unrecoverable hydrocarbon should be re-termed as easily recoverable, and difficult to recover. tabs., figs.

Economic assessment of oil palm projects in Nigeria. | Nwawe ...

African Journals Online (AJOL)

However, this study was designed to economically assess oil palm projects in Nigeria. Secondary data used for this study were collected from Nigerian Institute for Oil Palm Research (NIFOR) and related journals. The data collected were analyzed using discounted cash flow techniques. The result shows that at 32% interest ...

Economic evaluation of HTRs as applied to an oil industry

International Nuclear Information System (INIS)

Djokolelono, M.; Soedibjo, R.; Padmosoebroto, S.

1989-01-01

General design requirement pertinent to the applied oil field is presented. Economic calculation of HTRs application in the enhanced oil recovery was performed. It includes the consideration of the current structure as practised so far in the oil industry in Indonesia. Sensitivity studies were done to enlighten the influence of uncertainties related to the HTRs, i.e. capital costs, oil prices, depreciations, investment credits, domestic obligation, financing terms. (author). 3 refs, 4 figs

Ecological and Economic Indicators of Oil and Gas Companies Functioning

OpenAIRE

Anastasia V. Sheveleva

2016-01-01

This article analyzes the basic ecological-economic indicators of oil and gas companies, in particular the various volumes of oil, the number of spills per year of CO2 emissions, the costs of environmental protection. In the process of exploration, development and exploitation of oil and gas fields, production, refining, transportation and storage companies have a negative impact on the environment. Occur accidents involving oil spills, emissions and discharges of pollutants into the environm...

Economics of oil regulation and the Brazilian reform. Some issues

Energy Technology Data Exchange (ETDEWEB)

Hernandez-Perez, Adriana [Center for Economics and Oil Studies, IBRE/Fundacao Getulio Vargas (Brazil)

2011-01-15

This paper reviews the economic fundamentals for regulation in the oil industry, with a focus on the current regulatory proposal for the Brazilian oil industry. The observed exploration and production (E and P) contracts foresee much of the characteristics of the optimal contract, with a remuneration structure that combines upfront with future payments to mitigate uncertainty and incentivize exploratory efforts. In Brazil, despite slow market deconcentration since 1997's liberalization, the current oil regulation is in general consistent with an optimal regulatory response. From an economic standpoint, the 2009's new regulatory proposal prompted by the major oil discoveries offshore in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts while the changes in the net risk of the E and P offshore activities are not so clear. (author)

The effect of long and short time oil shocks on economic growth in Iran

OpenAIRE

Sayyed Abdolmajid Jalae; Sanaz Mohammadi

2012-01-01

Oil is one of the strategic good so that price fluctuations and shocks of it have major effects on economic growth and recession in depended countries to revenues of it. In this study, it is tried that the effect of oil price shocks investigated in two types (short and long time) on Economic growth in Iran. Its Period is from 1974 to 2006. According it, oil price uncertainty is quantized by GARCH model and is determined the effects of oil price shocks on economic growth in Iran during a short...

British Columbia offshore oil and gas socio-economic issue papers

International Nuclear Information System (INIS)

Boydell, T.; Brar, C.; Dodd, M.; Kwong, N.; Seeley

2004-05-01

Some of the key social and economic issues regarding offshore oil and gas exploration and development in British Columbia's coastal waters were examined by the Science, Technology and Environment Division of Royal Roads University in conjunction with Glenn Bridges and Associates. In 1972, the federal government imposed a moratorium to prevent crude oil tankers from travelling the west coast due to concerns over environmental impacts. A provincial moratorium on exploration followed shortly thereafter. The government of British Columbia recently suggested lifting the moratorium, and conducted public hearings and scientific reviews of issues related to offshore oil and exploration. In the Spring of 2002, the provincial government asked the federal government to consider lifting its moratorium. In response, a Federal Interdepartmental Offshore Oil and Gas Socio-Economic Issues Working Group conducted a series of study plans in the areas of science, legal, aboriginal, socio-economic, oceans and management regimes. This report provides the outcomes of the studies. It is organized in tabular form to facilitate presentation. All 8 tabs were catalogued separately for inclusion in this database. They include: (1) an introduction and overview, (2) illustrative development scenarios, (3) resource revenues report, (4) socio-economic expenditure report, (5) human resources report, (6) due diligence issues report, (7) knowledge management strategy for policy formation, and, (8) bibliography. refs., tabs., figs

British Columbia offshore oil and gas socio-economic issue papers

Energy Technology Data Exchange (ETDEWEB)

Boydell, T.; Brar, C.; Dodd, M.; Kwong, N.; Seeley [Royal Roads Univ., Victoria, BC (Canada). Science Technology and Environment Division; Bridges, G.; Shrimpton, M.; Burke, H.; Johnson, J. [GE Bridges and Associates, Victoria, BC (Canada)

2004-05-01

Some of the key social and economic issues regarding offshore oil and gas exploration and development in British Columbia's coastal waters were examined by the Science, Technology and Environment Division of Royal Roads University in conjunction with Glenn Bridges and Associates. In 1972, the federal government imposed a moratorium to prevent crude oil tankers from travelling the west coast due to concerns over environmental impacts. A provincial moratorium on exploration followed shortly thereafter. The government of British Columbia recently suggested lifting the moratorium, and conducted public hearings and scientific reviews of issues related to offshore oil and exploration. In the Spring of 2002, the provincial government asked the federal government to consider lifting its moratorium. In response, a Federal Interdepartmental Offshore Oil and Gas Socio-Economic Issues Working Group conducted a series of study plans in the areas of science, legal, aboriginal, socio-economic, oceans and management regimes. This report provides the outcomes of the studies. It is organized in tabular form to facilitate presentation. All 8 tabs were catalogued separately for inclusion in this database. They include: (1) an introduction and overview, (2) illustrative development scenarios, (3) resource revenues report, (4) socio-economic expenditure report, (5) human resources report, (6) due diligence issues report, (7) knowledge management strategy for policy formation, and, (8) bibliography. refs., tabs., figs.

Large recoverable electrostrain in Mn-doped (Ba,Sr) TiO3 ceramics

International Nuclear Information System (INIS)

Zhang, L.X.; Chen, W.; Ren, X.

2004-01-01

In this letter we demonstrate that with a different principle, BaTiO 3 ceramics, so far considered as inferior piezoelectrics compared with Pb(Zr,Ti)O 3 (PZT), can show a large recoverable electrostrain. This principle utilizes a point-defect-mediated reversible domain switching mechanism, which can in theory generate 0.368% strain for BaTiO 3 ceramics at the best condition. Experimental results showed that, after aging at room temperature, 1.0 mol % Mn-doped (Ba 0.95 Sr 0.05 )TiO 3 ceramics generate a large recoverable nonlinear strain of about 0.12%-0.15% at a field of 3 kV/mm. This value exceeds that of conventional hard PZT piezoelectric ceramics. A microscopic model for the domain-related electrostrain effect in ceramics is proposed. It is also found that the large electrostrain effect is quite stable with respect to both changing frequency and fatigue cycles. Large electrostrain remains recoverable down to 0.05 Hz and after 10 000 cycles. These results demonstrate the potential of our approach in achieving large recoverable electrostrain in environmental-friendly (Pb-free) ceramics

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

Economic Exposure to Oil Price Shocks and the Fragility of Oil-Exporting Countries

Directory of Open Access Journals (Sweden)

Toon Vandyck

2018-04-01

Full Text Available From a price range between 100 and 120 USD (U.S. dollars per barrel in 2011–2014, the crude oil price fell from mid-2014 onwards, reaching a level of 26 USD per barrel in January 2016. Here we assess the economic consequences of this strong decrease in the oil price. A retrospective analysis based on data of the past 25 years sheds light on the vulnerability of oil-producing regions to the oil price volatility. Gross domestic product (GDP and government revenues in many Gulf countries exhibit a strong dependence on oil, while more diversified economies improve resilience to oil price shocks. The lack of a sovereign wealth fund, in combination with limited oil reserves, makes parts of Sub-Saharan Africa particularly vulnerable to sustained periods of low oil prices. Next, we estimate the macroeconomic impacts of a 60% oil price drop for all regions in the world. A numerical simulation yields a global GDP increase of roughly 1% and illustrates how the regional impact on GDP relates to oil export dependence. Finally, we reflect on the broader implications (such as migration flows of macroeconomic responses to oil prices and look ahead to the challenge of structural change in a world committed to limiting global warming.

Heavy oil supply economics and supply response to low oil prices

International Nuclear Information System (INIS)

Fisher, L.

1999-01-01

The dynamics of the heavy oil industry are examined, including prices, market demand, supply and supply costs. Price assumptions are provided for the reference case oil price (west Texas intermediate at Cushing). Supply cost methodology is explained. Capital and operating costs for various heavy oil and synthetic sources are derived from modeling results. The range of supply costs for heavy oil and bitumen from various sources, supply costs in terms of reference case market values and in terms of 1995-1996 average market values for Bow River crude, are derived. The CERI long term supply forecast model is explained. Western Canada upstream oil and gas cash flow and capital expenditures, eastern Canada exploration and expenditures by hydrocarbon type, and Canadian heavy oil and bitumen production based on reference case prices are estimated. Based on these projections the outlook for heavy oil at reference case prices for better than average quality resources is judged to be economic. Lower quality resources will require technology gains for successful commercialization. SAGD is a likely candidate in this respect. Again based on reference prices, production is forecast to decline by 100 Kb/d over the next five years. Diluent supply is considered to be adequate throughout the forecast period. As far as thermal bitumen is concerned, the growth could, in fact, exceed the projection, but if so, more upgrading will be required. 11 figs

Oil prices, fiscal policy, and economic growth in oil-exporting countries

Science.gov (United States)

El-Anshasy, Amany A.

This dissertation argues that in oil-exporting countries fiscal policy could play an important role in transmitting the oil shocks to the economy and that the indirect effects of the changes in oil prices via the fiscal channel could be quite significant. The study comprises three distinct, yet related, essays. In the first essay, I try to study the fiscal policy response to the changes in oil prices and to their growing volatility. In a dynamic general equilibrium framework, a fiscal policy reaction function is derived and is empirically tested for a panel of 15 oil-exporters covering the period 1970--2000. After the link between oil price shocks and fiscal policy is established, the second essay tries to investigate the impact of the highly volatile oil prices on economic growth for the same sample, controlling for the fiscal channel. In both essays the study employs recent dynamic panel-data estimation techniques: System GMM. This approach has the potential advantages of minimizing the bias resulting from estimating dynamic panel models, exploiting the time series properties of the data, controlling for the unobserved country-specific effects, and correcting for any simultaneity bias. In the third essay, I focus on the case of Venezuela for the period 1950--2001. The recent developments in the cointegrating vector autoregression, CVAR technique is applied to provide a suitable framework for analyzing the short-run dynamics and the long-run relationships among oil prices, government revenues, government consumption, investment, and output.

Nuclear energy consumption, oil consumption and economic growth in G-6 countries: Bootstrap panel causality test

International Nuclear Information System (INIS)

Chu, Hsiao-Ping; Chang Tsangyao

2012-01-01

This study applies bootstrap panel Granger causality to test whether energy consumption promotes economic growth using data from G-6 countries over the period of 1971–2010. Both nuclear and oil consumption data are used in this study. Regarding the nuclear consumption-economic growth nexus, nuclear consumption causes economic growth in Japan, the UK, and the US; economic growth causes nuclear consumption in the US; nuclear consumption and economic growth show no causal relation in Canada, France and Germany. Regarding oil consumption-economic growth nexus, we find that there is one-way causality from economic growth to oil consumption only in the US, and that oil consumption does not Granger cause economic growth in G-6 countries except Germany and Japan. Our results have important policy implications for the G-6 countries within the context of economic development. - Highlights: ► Bootstrap panel Granger causality test whether energy consumption promotes economic growth. ► Data from G-6 countries for both nuclear and oil consumption data are used. ► Results have important policy implications within the context of economic development.

Uganda Country Economic Memorandum : Economic Diversification and Growth in the Era of Oil and Volatility

OpenAIRE

World Bank; Government of Uganda

2015-01-01

The objective of the Ugandan government is to make Uganda an upper - middle income country within thirty years. Economic diversification is a key component of that strategy. The country economic memorandum (CEM) report discusses how the emergence of oil and mineral production can contribute to Uganda’s effort to promote economic diversification as a means to achieve sustainable and shared ...

Economics of palm oil marketing in Owerri, Imo State, Nigeria ...

African Journals Online (AJOL)

Economics of palm oil marketing in Owerri, Imo State, Nigeria. ... Data on trades socio economic factors, marketing cost and marketing margin were collected from 80 traders randomly selected from the ... EMAIL FULL TEXT EMAIL FULL TEXT

Logistic curves, extraction costs and effective peak oil

International Nuclear Information System (INIS)

Brecha, Robert J.

2012-01-01

Debates about the possibility of a near-term maximum in world oil production have become increasingly prominent over the past decade, with the focus often being on the quantification of geologically available and technologically recoverable amounts of oil in the ground. Economically, the important parameter is not a physical limit to resources in the ground, but whether market price signals and costs of extraction will indicate the efficiency of extracting conventional or nonconventional resources as opposed to making substitutions over time for other fuels and technologies. We present a hybrid approach to the peak-oil question with two models in which the use of logistic curves for cumulative production are supplemented with data on projected extraction costs and historical rates of capacity increase. While not denying the presence of large quantities of oil in the ground, even with foresight, rates of production of new nonconventional resources are unlikely to be sufficient to make up for declines in availability of conventional oil. Furthermore we show how the logistic-curve approach helps to naturally explain high oil prices even when there are significant quantities of low-cost oil yet to be extracted. - Highlights: ► Extraction cost information together with logistic curves to model oil extraction. ► Two models of extraction sequence for different oil resources. ► Importance of time-delay and extraction rate limits for new resources. ► Model results qualitatively reproduce observed extraction cost dynamics. ► Confirmation of “effective” peak oil, even though resources are in ground.

Oil: economics and politics. Preliminary considerations on the Gulf Crisis

International Nuclear Information System (INIS)

Ayoub, A.

1991-01-01

Oil price fixing politics are first reviewed (existence of a floor price and of a maximum price, independently of economical consideration). In fact, geopolitical consideration are of premium importance in the oil demand/supply evolution. The Gulf Crisis and its surroundings (the Israel-Arab conflict) are revealing the supply and price logics of the oil market. An oil new order should be instaured through an OPEP restructuration and/or bilaterals relations and market dominance, organized by United States and Saoudi Arabia

ECONOMIC CONSEQUENCES OF PEAK OIL FOR THE MAJOR MULTINATIONAL OIL AND GAS COMPANIES

Directory of Open Access Journals (Sweden)

Antonio García-Amate

2018-03-01

Full Text Available The main goal of this work is to analyze the financial statements of the five major multinational oil and gas companies, for the 2011-2015 period, in the framework of the peak oil phenomenon. Peak oil can affect key financial indicators (e.g., earnings volatility, leverage that are used by managers, investors, and stockholders and which may potentially lead to changes in the decision making by management. Our results show that the decline in oil production affects the decisions about investment in new oil wells, leverage, dividends paid, shares purchased and net income involving the five major companies. In addition, we study the evolution of oil prices, and its influence in several items of the financial statements. Even though oil prices were at high levels during 2011-2014, however, the net income of the five companies actually declined due to the impact of peak oil. Finally, data for the last year studied (2015 indicate a general deterioration in return ratios and other accounting variables. Although the new investments should have been profitable, they have been influenced by peak oil, compromising the economic position of the companies. The advice to these companies would be to relax their investments, especially during a period of falling oil prices. Company managers need to recognize the prolonged duration of peak oil and price trends to promote profitability recovery decisions.

Canadian oil sands : supply and potential for market growth

International Nuclear Information System (INIS)

Crandall, G.

2004-01-01

Canadian oil sands recoverable reserves rank second only to Saudi Arabia and present enormous potential, particularly through technological gains. This paper discussed the market potential for oil sands both globally and in North America. It was estimated that oil sands production would eventually surpass declining conventional production, increasing from 42 per cent of Western supply in 2002 to 78 per cent in 2015. Recoverable reserves were an estimated 174 billion barrels, with cumulative production at 4 billion barrels between 1967 to 2003. Statistics of U.S. and Canadian markets for crude oil were presented to the year 2020. A flow chart of oil sands products and market outlets was presented, as well as details of existing and potential markets for Canadian crude oil. Oil sands product dispositions were outlined, with the prediction that Asia may emerge as an incremental market. World crude oil production statistics were presented by type. World residual supply and demand estimates were presented, including details of conversion capacity and requirements for residual processing capacity in refineries and field upgraders. American refinery feedstocks were presented by type, with the identification of an increase in heavy crude runs. It was noted that recent pricing provided a strong incentive to add refining conversion capacity to process heavy oil. An outline of a study completed for the Alberta government and industry was presented, in which upgrading to light synthetic crude was determined as a base case. The value added to process bitumen beyond upgrading was discussed in relation to the upgrading of American refineries to process bitumen blends and synthetic crude. Potential cases for upgrading bitumen were presented, along with a comparison of capital costs. An overall economic comparison of projects was provided. Various measures to maximize markets for oil sands products in Alberta were presented. It was suggested that U.S. markets should absorb more new

Quantifying the impact of exogenous non-economic factors on UK transport oil demand

International Nuclear Information System (INIS)

Broadstock, David C.; Hunt, Lester C.

2010-01-01

This paper attempts to quantify the impact of exogenous non-economic factors on UK transport oil demand (in addition to income, price, and fuel efficiency) by estimating the demand relationship for oil transport for 1960-2007 using the structural time series model. From this, the relative impact on UK transport oil demand from income, price, and efficiency are quantified. Moreover, the relative impact of the non-economic factors is also quantified, based on the premise that the estimated stochastic trend represents behavioural responses to changes in socio-economic factors and changes in lifestyles and attitudes. The estimated elasticities for income, price and efficiency are 0.6, -0.1, and -0.3, respectively, and it is shown that for efficiency and price the overall contribution is relatively small, whereas the contribution from income and non-economic factors is relatively large. This has important implications for policy makers keen to reduce transport oil consumption and associated emissions, but not willing to reduce the trend rate of economic growth. Taxes and improved efficiency only have a limited impact; hence, a major thrust of policy should perhaps be on educating and informing consumers to persuade them to change their lifestyle and attitudes and thus reduce their consumption through the non-economic instruments route.

Quantifying the impact of exogenous non-economic factors on UK transport oil demand

Energy Technology Data Exchange (ETDEWEB)

Broadstock, David C.; Hunt, Lester C. [Surrey Energy Economics Centre (SEEC) and Research Group on Lifestyles Values and Environment (RESOLVE), Department of Economics, University of Surrey, Guildford, Surrey GU2 7XH (United Kingdom)

2010-03-15

This paper attempts to quantify the impact of exogenous non-economic factors on UK transport oil demand (in addition to income, price, and fuel efficiency) by estimating the demand relationship for oil transport for 1960-2007 using the structural time series model. From this, the relative impact on UK transport oil demand from income, price, and efficiency are quantified. Moreover, the relative impact of the non-economic factors is also quantified, based on the premise that the estimated stochastic trend represents behavioural responses to changes in socio-economic factors and changes in lifestyles and attitudes. The estimated elasticities for income, price and efficiency are 0.6, -0.1, and -0.3, respectively, and it is shown that for efficiency and price the overall contribution is relatively small, whereas the contribution from income and non-economic factors is relatively large. This has important implications for policy makers keen to reduce transport oil consumption and associated emissions, but not willing to reduce the trend rate of economic growth. Taxes and improved efficiency only have a limited impact; hence, a major thrust of policy should perhaps be on educating and informing consumers to persuade them to change their lifestyle and attitudes and thus reduce their consumption through the non-economic instruments route. (author)

Energy consumption and economic growth: The case of oil exporting countries

International Nuclear Information System (INIS)

Mehrara, Mohsen

2007-01-01

This paper examines the causal relationship between the per capita energy consumption and the per capita GDP in a panel of 11 selected oil exporting countries by using panel unit-root tests and panel cointegration analysis. The results show a unidirectional strong causality from economic growth to energy consumption for the oil exporting countries. The findings have practical policy implications for decision makers in the area of macroeconomic planning. In most major oil exporting countries, government policies keep domestic prices bellow free market level, resulting in high levels of domestic energy consumption. The results imply that the energy conservation through reforming energy price policies has no damaging repercussions on economic growth for this group of countries. (author)

Economics Of Small-Scale Palm Oil Processing In Ikwerre And ...

African Journals Online (AJOL)

Palm oil is one of the most common products used by almost everybody in Nigeria. Small holders constitute the major producers of palm oil in Ikwerre and Etche Local Government Areas. This study was conducted in Ikwerre and Etche Local Government Areas of Rivers State to determine the economic analysis of ...

Oil prices and economic growth

International Nuclear Information System (INIS)

Babusiaux, D.; Lescaroux, F.

2006-01-01

There is no limit to the sources of hydrocarbons (whether pumped out of the earth or produced in factories) for the next few decades, but there is and will be a need for increasingly complex and costly techniques as the usual sources of petroleum run out. Does this mean that prices will keep on rising? Probably, since environmental costs must be added onto direct costs. The mining of oil out of 'tar sands', for example, or the production of hydrocarbons by the chemical industry will have a significant impact owing to the emission of greenhouse gases. If prices do rise in the short or middle term, the cause will have to do more with the calendar of investments than with the availability of energy and its costs. In the long run however, price hikes are not all that certain. A few points for analyzing and predicting the macro-and micro-economic effects of fluctuating oil prices are discussed. (author)

Alberta's economic development of the Athabasca oil sands

Science.gov (United States)

Steinmann, Michael

This dissertation examines the 61-year evolution of public policies pertaining to development of Alberta's non-conventional source of crude oil. The Athabasca oil sands contain an estimated 1.5 trillion barrels and provide for a safe continental supply. The Provincial Government first sponsored this undertaking in 1943. The period from then to 1971 was one of a transition from a wheat economy to a natural-resource economic base. A stable government emerged and was able to negotiate viable development policies. A second period, 1971 to 1986, was marked by unstable world conditions that afforded the Alberta government the ability to set terms of development with multi-national oil firms. A 50% profit-sharing plan was implemented, and basic 1973 terms lasted until 1996. However, 1986 was a critical year because the Organization of Petroleum Exporting Countries (OPEC) reduced prices, causing the Alberta economy to lapse into recession. During a third period, 1986 to 1996, the Alberta Government was unable to adapt quickly to world conditions. A new leadership structure in 1996 made major changes to create ongoing fiscal and development policies. That history provides answers to two primary research questions: How do public policies affect the behaviors of the modern corporation and visa versa? What are the implications for development theory? Two sources of information were used for this study. First, it was possible to review the Premier's files located in the Provincial Archives. Materials from various government libraries were also examined. Some 7,000 documents were used to show the evolution of government policymaking. Second, interviews with leaders of oil companies and federal research facilities were important. Findings support the thesis that, to facilitate oil sands development, government and the private sector have closely collaborated. In particular, revenue policies have allowed for effective R&D organization. Relying on intensive technological

Magnetically recoverable nanocatalysts

KAUST Repository

Polshettiwar, Vivek

2011-05-11

A broad overview on magnetically recoverable nanocatalysts is presented and the use of magnetic nanomaterials as catalysts is discussed. Magnetic materials are used as organocatalysts and their applications range to challenging reactions, such as hydroformylation and olefin metathesis. Magnetic nanomaterials are also being used in environmental applications, such as for photo- and biocatalysis and for the adsorption and removal of pollutants from air and water. These materials show great promise as enantioselective catalysts, which are used extensively for the synthesis of medicines, drugs, and other bioactive molecules. By functionalizing these materials using chiral ligands, a series of chiral nanocatalysts can be designed, offering great potential to reuse these otherwise expensive catalyst systems. Characterization of magnetic catalysts is often a challenging task, and NMR characterization of these catalysts is difficult because the magnetic nature of the materials interferes with the magnetic field of the spectrometer.

Magnetically recoverable nanocatalysts

KAUST Repository

Polshettiwar, Vivek; Luque, Rafael L.; Fihri, Aziz; Zhu, Haibo; Bouhrara, Mohamed; Basset, Jean-Marie

2011-01-01

A broad overview on magnetically recoverable nanocatalysts is presented and the use of magnetic nanomaterials as catalysts is discussed. Magnetic materials are used as organocatalysts and their applications range to challenging reactions, such as hydroformylation and olefin metathesis. Magnetic nanomaterials are also being used in environmental applications, such as for photo- and biocatalysis and for the adsorption and removal of pollutants from air and water. These materials show great promise as enantioselective catalysts, which are used extensively for the synthesis of medicines, drugs, and other bioactive molecules. By functionalizing these materials using chiral ligands, a series of chiral nanocatalysts can be designed, offering great potential to reuse these otherwise expensive catalyst systems. Characterization of magnetic catalysts is often a challenging task, and NMR characterization of these catalysts is difficult because the magnetic nature of the materials interferes with the magnetic field of the spectrometer.

Non oil exports finance and economic development in Saudi Arabia

OpenAIRE

Alsakran, Abdullah

2014-01-01

This thesis was submitted for the degree of Doctor of Philosophy and awarded by Brunel University Oil is an important part of the Saudi economy. With the volatility of oil prices and the pressing needs of economic growth and development, the Saudi Arabian government has planned to diversify its sources of income. To this end, the majority of effort has focused on developing the non-oil export sectors, particularly in manufacturing. Despite government efforts to enhance the ratio of non-...

Economic potential of the oil palm (Elaeis guineensis Jacq

Directory of Open Access Journals (Sweden)

Juan Sierra Márquez

2017-04-01

Full Text Available The objective of this research was to highlight the economic importance of the optimal use of products and byproducts of oil palm. In Colombia, productive crops per hectare can generate, over one year, an average of 3.14 tons of oil, and up to 21.68 t of solid and liquid waste when the plant is on a productive stage. These data allowed the researcher to estimate that more than nine million of t of solid and liquid waste was produced from the 450 131 ha present in 2014, in Colombia; the produced biomass was used to generate energy and steam, releasing carbon dioxide back again into the environment. These residues have great potential in many industries, some to be developed, therefore, it is of special importance to try to maximize the use of waste produced by oil palm production, to generate economic and environmental benefits. An example of this is the palm kernel cake, with a nutritional potential in animal feed, fiber in the biocompound industry, biomass and stipe in the timber industry, glycerol, biodiesel, and liquid effluents in the chemical and biotechnological industry. The use of these raw materials may help to establish a positive balance in the cultivation of this species of oil palm in the country.

Three approaches for estimating recovery factors in carbon dioxide enhanced oil recovery

Science.gov (United States)

Verma, Mahendra K.

2017-07-17

PrefaceThe Energy Independence and Security Act of 2007 authorized the U.S. Geological Survey (USGS) to conduct a national assessment of geologic storage resources for carbon dioxide (CO2) and requested the USGS to estimate the “potential volumes of oil and gas recoverable by injection and sequestration of industrial carbon dioxide in potential sequestration formations” (42 U.S.C. 17271(b)(4)). Geologic CO2 sequestration associated with enhanced oil recovery (EOR) using CO2 in existing hydrocarbon reservoirs has the potential to increase the U.S. hydrocarbon recoverable resource. The objective of this report is to provide detailed information on three approaches that can be used to calculate the incremental recovery factors for CO2-EOR. Therefore, the contents of this report could form an integral part of an assessment methodology that can be used to assess the sedimentary basins of the United States for the hydrocarbon recovery potential using CO2-EOR methods in conventional oil reservoirs.

OECD (Organization of Economic Cooperation and Development) oil demand

International Nuclear Information System (INIS)

Huntington, H.G.

1993-01-01

Econometric response surfaces for nine different world oil models are estimated for aggregate oil demand with in the developed countries of the Organization of Economic Cooperation and Development (OECD). The estimates are based upon scenario results reported for the 1989-2010 period in a recent model comparison study. The response surface approach provides a parsimonious summary of model responses. It enables one to estimate long-run price elasticities directly rather than to infer such responses from 20-year cross-scenario results. It also shows more directly the significant effect of initial demand conditions (in 1988) on future oil demand growth. Due to the dynamic nature of the oil demand response, past prices exert a strongly positive effect on future oil demands in some models, but little or even negative effect in other models. On the basis of this finding, we urge demand modellers to be much more explicit about what their systems reveal about the extent of disequilibrium embedded in their model's starting oil demand conditions. (author)

Oil Price and Economic Resilience. Romania’s Case

Directory of Open Access Journals (Sweden)

Monica Dudian

2017-02-01

Full Text Available The emerging economies that do not face fiscal, monetary and foreign debt pressures can use the savings generated by lower oil prices for investments in order to generate economic growth. Hence, there is no doubt that the oil price affects the economy’s resilience to shocks. The importance of this impact derives from the magnitude of the price change and its diffusion within the economy. Moreover, the sustainability of any company and of the economy as a whole is subject to the availability and the price of the energy resources. The cost of these resources is an important variable used in the majority of the models regarding the assessment of sustainable development. Therefore, this article examines the impact of the oil price changes on industrial production in Romania. We found that, similar to other countries, in Romania, the growth rate of industrial production responds more strongly to a rise in oil prices. Thus, the oil Brent price has an asymmetric effect on the production evolution. This finding suggests that macroeconomic stabilization is more difficult to achieve when the oil price rises.

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES

Energy Technology Data Exchange (ETDEWEB)

Unknown

2001-08-08

The objective of this project is to increase the recoverable heavy oil reserves within sections of the Wilmington Oil Field, near Long Beach, California, through the testing and application of advanced reservoir characterization and thermal production technologies. The hope is that successful application of these technologies will result in their implementation throughout the Wilmington Field and, through technology transfer, will be extended to increase the recoverable oil reserves in other slope and basin clastic (SBC) reservoirs. The existing steamflood in the Tar zone of Fault Block II-A (Tar II-A) has been relatively inefficient because of several producibility problems which are common in SBC reservoirs: inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil and non-uniform distribution of the remaining oil. This has resulted in poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. A suite of advanced reservoir characterization and thermal production technologies are being applied during the project to improve oil recovery and reduce operating costs, including: (1) Development of three-dimensional (3-D) deterministic and stochastic reservoir simulation models--thermal or otherwise--to aid in reservoir management of the steamflood and post-steamflood phases and subsequent development work. (2) Development of computerized 3-D visualizations of the geologic and reservoir simulation models to aid reservoir surveillance and operations. (3) Perform detailed studies of the geochemical interactions between the steam and the formation rock and fluids. (4) Testing and proposed application of a

Determination of oil and gas reserves. 2. ed.

International Nuclear Information System (INIS)

Aguilera, R.; MacKay, V.

2004-01-01

This book was prepared by more than 40 contributing authors with expertise in a wide range of topics related to oil and gas reserves. It represents a collaborative effort to find definitions and guidelines for the classification of reserves that is acceptable to the oil industry, evaluators, oil and gas companies, financial agencies, securities commissions and government departments. This second edition is an update of the original work that was published in 1994 which compares estimates of reserves and their classification. The new edition includes changes that have occurred in the past 10 years and expands on the processes that are used to estimate reserves. New techniques for assessing risk were also included. The book is divided into four parts entitled: (1) definitions and guidelines for estimating and classifying oil and gas resources and reserves, (2) determination of in-place resources, (3) estimation of recovery factors and forecasting of recoverable hydrocarbons, and (4) prices, economics and markets. The second edition includes new sections dealing with geostatistics, natural gas balance calculations, reserves estimates in naturally fractured reservoirs, and new developments in estimating recovery factors through enhanced recovery methods such as horizontal drilling. The objective was to develop a reference that is of great value to geologists, engineers and technical persons involved in estimating reserves. refs., tabs., figs

Techno-economic performance analysis of bio-oil based Fischer-Tropsch and CHP synthesis platform

International Nuclear Information System (INIS)

Ng, Kok Siew; Sadhukhan, Jhuma

2011-01-01

The techno-economic potential of the UK poplar wood and imported oil palm empty fruit bunch derived bio-oil integrated gasification and Fischer-Tropsch (BOIG-FT) systems for the generation of transportation fuels and combined heat and power (CHP) was investigated. The bio-oil was represented in terms of main chemical constituents, i.e. acetic acid, acetol and guaiacol. The compositional model of bio-oil was validated based on its performance through a gasification process. Given the availability of large scale gasification and FT technologies and logistic constraints in transporting biomass in large quantities, distributed bio-oil generations using biomass pyrolysis and centralised bio-oil processing in BOIG-FT system are technically more feasible. Heat integration heuristics and composite curve analysis were employed for once-through and full conversion configurations, and for a range of economies of scale, 1 MW, 675 MW and 1350 MW LHV of bio-oil. The economic competitiveness increases with increasing scale. A cost of production of FT liquids of 78.7 Euro/MWh was obtained based on 80.12 Euro/MWh of electricity, 75 Euro/t of bio-oil and 116.3 million Euro/y of annualised capital cost. -- Highlights: → Biomass to liquid process and gas to liquid process synthesis. → Biorefinery economic analysis. → Pyrolysis oil to biofuel. → Gasification and Fischer-Tropsch. → Process integration, pinch analysis and energy efficiency.

The role of technical progress in the process of recalculating oil reserves; Le role du progres technique dans le processus de renouvellement des reserves petrolieres

Energy Technology Data Exchange (ETDEWEB)

Boulard, J.N. [Total/Fina/Institut Francais du Petrole (IFP), 92 - Rueil-Malmaison (France)

1999-08-01

Contrary to the concept of resources (which is essentially a geological one), the notion of reserves designates the quantities that are technically and economically recoverable. Beyond the production-related effect, the reserves therefore evolve over time in accordance with numerous technical and economic parameters. Among these parameters, it can be seen that technical progress plays a considerable role throughout the process of converting resources into reserves, including progress in the identification, accessibility and processing of the resources, and improvements in economic viability. After having tackled the problem of measuring the 'technical progress effects' and citing examples, we demonstrate that the evolution in oil reserves is subject to three types of impact. These are a quantitative impact by significantly improving the recovery rates or making it possible to identify hitherto undetectable oil fields, a qualitative impact by widening the resource base thanks to the adoption of new categories of oil (in particular the so-called 'unconventional' oils) and by carrying out the gradual substitution between these resources of differing qualities. There is also a dynamic impact, through the acceleration of resource availability. Through these three approaches, technical progress makes makes it possible to ensure continuity in oil supply and contributes significantly to the recalculation of reserves. It therefore acts as a compensating factor, counterbalancing the progressive depletion of resources. (author)

Assessment of the impacts of oil: Opportunities and challenges for economic development in Sudan

OpenAIRE

Nour, Samia Satti Osman Mohamed

2011-01-01

This paper provides an assessment of the impacts of oil and discusses the opportunities and challenges for enhancing economic development in Sudan. One advantage of our analysis in this paper is that we provide a more comprehensive analysis using the most recent secondary data to discuss the positive and negative impacts of oil for enhancing economic development in Sudan. We explain that the various positive impacts of oil and the opportunities for enhancing development in Sudan's economy inc...

The Effect of Energy Srategy on Australian Economic Security

Science.gov (United States)

2014-12-12

of CSG. Exploitation often involves the use of hydraulic fracturing ( fracking ) of the bedrock to maximize the recoverable gas in a field; this can...The process of hydraulic fracturing of the bedrock to release natural gas or petroleum that would not otherwise be economically recoverable. Fracking ...allow CGS and other pollutants to contaminate local ground water.26 After fracking , most CSG wells also produce water in addition to the gas. In many

The nexus of oil consumption, CO2 emissions and economic growth in China, Japan and South Korea.

Science.gov (United States)

Saboori, Behnaz; Rasoulinezhad, Ehsan; Sung, Jinsok

2017-03-01

This article attempts to explore the nexus between oil consumption, economic growth and carbon dioxide (CO 2 ) emissions in three East Asian oil importing countries (i.e. China, South Korea and Japan) over the period 1980-2013, by using the Granger causality, Johansen cointegration test, Generalised Impulse Response functions (GIRF) and variance decompositions. The empirical findings provide evidence for the existence of a long-run relationship between oil consumption and economic growth in China and Japan. The results also point to a uni-directional causality from running from oil consumption to economic growth in China and Japan, and from oil consumption to CO 2 emissions in South Korea. The overall results of GIRF reveal that while economic growth in China and South Korea shows a positive response to oil consumption, this variable responses negatively to the same shock in Japan. In addition, oil consumption spikes cause a negative response of CO 2 emissions in Japan and China, as well as a U-shape response in South Korea.

The impact of Oil Prices on the International Economic Arena: The Economic Factors and International Players

Directory of Open Access Journals (Sweden)

MA. Arben Salihu

2014-06-01

Full Text Available Throughout history the new technologies and discoveries revolutionized the way we live. The discovery, the oil, has been critical for society, becoming the world’s most profitable and essential industry transforming itself from domestic to international business. The aim of this paper, above all is to analyze the role of oil and its price volatility in world economy. The ongoing changes and transformations in world oil industry tend to have a great effect not only on the oilimporting countries but also on oil-exporting nations. The demand or supply-triggered oil price volatility differ in its effects to world economic activity. Although it may have different effect for the oil importing nations in comparison to oil exporting nations, still inflationary pressure may be a common feature. A number of points relevant to the study are put forward highlighting pros and cons of issues discussed. The paper also elaborates the environmental concerns, deriving from the increase of oil consumption and the necessity (globally to increase efforts in finding a decent,(environmentally friendly replacement for oil.

Assessment of undiscovered conventional and continuous oil and gas resources of the Baltic Depression Province, 2014

Science.gov (United States)

Brownfield, Michael E.; Schenk, Christopher J.; Charpentier, Ronald R.; Klett, Timothy R.; Pitman, Janet K.; Tennyson, Marilyn E.; Gaswirth, Stephanie B.; Mercier, Tracey J.; Le, Phuong A.; Leathers, Heidi M.

2015-01-01

The U.S. Geological Survey estimated mean volumes of undiscovered, technically recoverable resources of 282 million barrels of conventional oil, 576 billion cubic feet of conventional gas, 1.3 billion barrels of continuous oil, and 4.6 trillion cubic feet of shale gas in the Baltic Depression Province.

Economic sustainability of palm oil plantations among smallholders ...

African Journals Online (AJOL)

This study examines the economic sustainability indicators of oil palm smallholders in Lahad Datu, Sabah. A survey based on a set of questionnaires with 58 smallholder respondents were carried out. The findings indicated that majority smallholders have income above the poverty income level,, The income earned by the ...

Proceedings of the Infonex oil sands 2005 conference : an industry summit on emerging trends in exploration, production and resource management

International Nuclear Information System (INIS)

2005-01-01

This conference provided a forum to discuss the opportunities and challenges facing the oil sands industry with particular reference to resource characterization and supply and market outlooks to 2015. The driving forces behind oil sands development were also identified. The conference featured 12 presentations that dealt with a range of issues including resource management; operations management; price and cost sharing; emerging transmission pipeline challenges and opportunities; the fiscal regime for oil sands; minimizing the environmental impact of oil sands development; cumulative effects management and the regulatory approval process. An overview of a joint venture by Alberta Environment Northern Region and the Alberta Geological Survey to update existing maps of buried bedrock and drift channels in the oil sands mining and in-situ recoverable areas was included along with an overview of economic and environmental benefits of gasification. A new technology known as multiphase superfine atomized residue (MSAR) as an alternate fuel in oil sands production was discussed along with the issue of bridging the gap between the oil sand industry and First Nations partners. Three of the 12 presentations were catalogued separately for inclusion in this database. tabs., figs

Economics of oil regulation and the Brazilian reform: Some issues

Energy Technology Data Exchange (ETDEWEB)

Hernandez-Perez, Adriana, E-mail: adriana.perez@fgv.b [Center for Economics and Oil Studies, IBRE/Fundacao Getulio Vargas (Brazil)

2011-01-15

This paper reviews the economic fundamentals for regulation in the oil industry, with a focus on the current regulatory proposal for the Brazilian oil industry. The observed exploration and production (E and P) contracts foresee much of the characteristics of the optimal contract, with a remuneration structure that combines upfront with future payments to mitigate uncertainty and incentivize exploratory efforts. In Brazil, despite slow market deconcentration since 1997's liberalization, the current oil regulation is in general consistent with an optimal regulatory response. From an economic standpoint, the 2009's new regulatory proposal prompted by the major oil discoveries offshore in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts while the changes in the net risk of the E and P offshore activities are not so clear. - Research Highlights: {yields} The observed exploration and production (E and P) contracts foresee much of the characteristics of an optimal contract. {yields} The current oil regulation in Brazil is in general consistent with an optimal regulatory response. {yields} The changes in the net risk of the E and P offshore activities in Brazil are not so clear. {yields} The 2009's new regulatory proposal in Brazil reduces the power of incentive schemes with respect to exploratory and cost-reducing efforts.

Import demand of crude oil and economic growth. Evidence from India

International Nuclear Information System (INIS)

Ghosh, Sajal

2009-01-01

This study establishes a long-run equilibrium relationship among quantity of crude oil import, income and price of the imported crude in India for the time span 1970-1971 to 2005-2006 using autoregressive distributed lag (ARDL) bounds testing approach of cointegration. Empirical results show that the long-term income elasticity of imported crude in India is 1.97 and there exists a unidirectional long-run causality running from economic growth to crude oil import. So reduction of crude oil import will not affect the future economic growth in India in the long-run. India should take various energy efficiency and demand side management measures in transport sector along with other measures like expanding and strengthening indigenous resource-base, substituting imported fuels by domestic fuels and de-controlling the price of petroleum products to reduce its import dependence. (author)

Oil companies: institutional and economic transformation

International Nuclear Information System (INIS)

Clo, Alberto

2007-01-01

In the last century, experience in the oil industry, suggested that some particular conditions were functional to the success of big companies strategies when facing exogenous market conditions hold true even nowadays, in face of the energy market institutional and economic transformations which are in place since the start of the new century. In other ways, are the majors still able to anticipate the market shifts and changes and to profit of these in terms of growth opportunities and competitiveness? [it

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.

ANCCLI White Paper IV. Cigeo: the challenges of reversibility and recoverability

International Nuclear Information System (INIS)

Delalonde, Jean-Claude; Sene, Monique

2017-01-01

This white paper aims at providing useful elements for a better understanding, debate and implication of everyone in the preparation of a governance regarding very long life radioactive wastes. The authors first make a set of recommendations for a pluralist governance in decisions, for the creation of permanent pluralist bodies at the local and national levels, for the guarantee of the sustainability of governance structures, for the building up of a citizen vigilance, and for the taking of specific needs of location territories into account. Then, the report describes the different stages of development of a reversible storage, discusses the different definitions of reversibility and the benefits and drawbacks of reversibility and recoverability. It addresses technical and related aspects of parcel recoverability, outlines how to achieve sustainable vigilance and governance. It indicates the role of the different institutional actors (ANDRA, ASN, IRSN) as they themselves define it regarding the issue of reversibility and recoverability. It states the point of view of the ANCCLI's GPMDR (Permanent group for radioactive materials and wastes) about the Cigeo project, about the issue of reversibility, and about the involvement of civil society on the long term. An appendix discusses the issue of waste inventory and classification. Some current research works on these issues are briefly mentioned

Assessment of undiscovered oil and gas resources of the Susitna Basin, southern Alaska, 2017

Science.gov (United States)

Stanley, Richard G.; Potter, Christopher J.; Lewis, Kristen A.; Lillis, Paul G.; Shah, Anjana K.; Haeussler, Peter J.; Phillips, Jeffrey D.; Valin, Zenon C.; Schenk, Christopher J.; Klett, Timothy R.; Brownfield, Michael E.; Drake II, Ronald M.; Finn, Thomas M.; Haines, Seth S.; Higley, Debra K.; Houseknecht, David W.; Le, Phuong A.; Marra, Kristen R.; Mercier, Tracey J.; Leathers-Miller, Heidi M.; Paxton, Stanley T.; Pearson, Ofori N.; Tennyson, Marilyn E.; Woodall, Cheryl A.; Zyrianova, Margarita V.

2018-05-01

The U.S. Geological Survey (USGS) recently completed an assessment of undiscovered, technically recoverable oil and gas resources in the Susitna Basin of southern Alaska. Using a geology-based methodology, the USGS estimates that mean undiscovered volumes of about 2 million barrels of oil and nearly 1.7 trillion cubic feet of gas may be found in this area.

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

OpenAIRE

Ahmed Zain Elabdin Ahmed

2015-01-01

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. T...

Economic repercussions of OPEC's crude oil price increases

Energy Technology Data Exchange (ETDEWEB)

Merklein, H A

1980-05-01

Accusations that the Organization of Petroleum Exporting Countries (OPEC) created the world energy crisis and destroyed the economies of oil-importing nations are challenged by Dr. Merklein. He shows that the economic impact of OPEC price increases have only accelerated an already-developing energy shortage and only reflect the existing problems of inflation, unemployment, and declining currency exchange rates. The real problem is argued to be a US energy policy that is incapable of responding appropriately to what should be a manageable crude oil tax. When the arguments against OPEC policies are examined in an historical context, they are shown to be essentially neutral. 4 tables. (DCK)

IOGCC/DOE oil and gas environmental workshop

International Nuclear Information System (INIS)

1991-01-01

The Interstate Oil and Gas Compact Commission (IOGCC) in cooperation with US Department of Energy (DOE) has developed a workshop format to allow state regulatory officials and industry representatives the opportunity to participate in frank and open discussions on issues of environmental regulatory compliance. The purpose of providing this forum is to assist both groups in identifying the key barriers to the economic recoverability of domestic oil and gas resources while adequately protecting human health and the environment. The IOGCC and DOE staff worked with key state and industry representatives to develop a list of appropriate regulatory and industry representatives to be invited to participate. These same industry and regulatory representatives also provided a prioritized list of topics to be discussed at this workshop. After the topic leader set out the issue, views of those present were solicited. In almost every case, both the industry representatives and the regulatory personnel spoke with candor in discussing the problems. Common points of discussion for each topic were: (1) conflicting state and federal regulations; (2) conflicting regulations or permit requirements established by different state agencies; (3) increasing compliance costs; and (4) regulatory constraints that will result in ''no net growth'' in California oil and gas production and more likely a net decrease. This report contains a copy of the written presentation for each topic as well as a summary of the participants discussion

Castor oil biodiesel: an economic evaluation; Biodiesel de mamona: uma avaliacao economica

Energy Technology Data Exchange (ETDEWEB)

Pires, Monica de Moura; Alves, Jaenes Miranda; Almeida Neto, Jose Adolfo de; Almeida, Cezar Menezes; Sousa, Geovania Silva de; Cruz, Rosenira Serpa da; Monteiro, Renata; Lopes, Beatriz Sampaio; Robra, Sabine [Universidade Estadual de Santa Cruz, Ilheus, BA (Brazil). Grupo Bioenergia e Meio Ambiente]. E-mails: mpires@uesc.br; jaenes@uesc.br; jalmeida@uesc.br; roserpa@uesc.br

2004-07-01

The production cost of castor oil biodiesel by methyl way and its economic viability, using as reference the production cost data of castor oil and the implantation of the pilot plant at UESC - state university of Santa Cruz, Bahia State, Brazil was determined. From this information, it was seen that the estimated price of castor oil biodiesel is close to the diesel price in the Itabuna market, Bahia state, Brazil. The indicators show economic viability of the mini-power plant installation. Such information are preliminary estimative for the market and can be modified as function of changes in the main factors used to have the production costs, as well as the sectorial policies that drives the activity as much in levels of raw material production as in biodiesel.

Assessment of undiscovered oil and gas resources in the North-Central Montana Province, 2017

Science.gov (United States)

Schenk, Christopher J.; Mercier, Tracey J.; Brownfield, Michael E.; Tennyson, Marilyn E.; Woodall, Cheryl A.; Le, Phuong A.; Klett, Timothy R.; Gaswirth, Stephanie B.; Finn, Thomas M.; Pitman, Janet K.; Marra, Kristen R.; Leathers-Miller, Heidi M.

2018-02-12

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable resources of 55 million barrels of oil and 846 billion cubic feet of gas in the North-Central Montana Province.

Assessment of undiscovered oil and gas resources in the Cuyo Basin Province, Argentina, 2017

Science.gov (United States)

Schenk, Christopher J.; Brownfield, Michael E.; Tennyson, Marilyn E.; Le, Phuong A.; Mercier, Tracey J.; Finn, Thomas M.; Hawkins, Sarah J.; Gaswirth, Stephanie B.; Marra, Kristen R.; Klett, Timothy R.; Leathers-Miller, Heidi M.; Woodall, Cheryl A.

2017-07-18

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable resources of 236 million barrels of oil and 112 billion cubic feet of associated gas in the Cuyo Basin Province, Argentina.

Assessment of continuous oil and gas resources in the Perth Basin Province, Australia, 2017

Science.gov (United States)

Schenk, Christopher J.; Tennyson, Marilyn E.; Finn, Thomas M.; Mercier, Tracey J.; Hawkins, Sarah J.; Gaswirth, Stephanie B.; Marra, Kristen R.; Klett, Timothy R.; Le, Phuong A.; Leathers-Miller, Heidi M.; Woodall, Cheryl A.

2017-07-17

Using a geology-based assessment methodology, the U.S. Geological Survey assessed undiscovered, technically recoverable mean resources of 223 million barrels of oil and 14.5 trillion cubic feet of gas in the Perth Basin Province, Australia.

Assessment of undiscovered oil and gas resources in the Lower Indus Basin, Pakistan, 2017

Science.gov (United States)

Schenk, Christopher J.; Tennyson, Marilyn E.; Klett, Timothy R.; Finn, Thomas M.; Mercier, Tracey J.; Gaswirth, Stephanie B.; Marra, Kristen R.; Le, Phuong A.; Hawkins, Sarah J.; Leathers-Miller, Heidi M.

2017-09-19

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable resources of 164 million barrels of oil and 24.6 trillion cubic feet of gas in the Lower Indus Basin, Pakistan.

Socio–economic and environmental impact of crude oil exploration ...

African Journals Online (AJOL)

Socio–economic and environmental impact of crude oil exploration and production on agricultural production: a case study of Edjeba and Kokori communities in Delta State of ... The results also showed an increase in the occurrence of health hazard, air/noise pollution and heightened deforestation in these communities.

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.

The Asymmetric Effects of Oil Price Changes on the Economic Activities in Indonesia

OpenAIRE

Rina Juliet Artami; Yonosuke Hara

2018-01-01

This paper analyzes the asymmetric impact of oil price changes on the economic growth of and inflation in Indonesia by using the vector autoregression (VAR) model for the period from 1990Q1 to 2016Q4. The results show that the impact of oil price changes on the gross domestic product (GDP) is asymmetric, as a drop in oil prices decreases the GDP, whereas an increase in oil prices does not significantly affect GDP. It is crucial for Indonesia to reduce its dependency on oil, mainly as its prim...

Economic study of NHR application on high pour point oil field

International Nuclear Information System (INIS)

Zhao Gang; Zhang Zuoyi; Ma Yuanle

1997-01-01

In order to extent the application of NHR (nuclear heating reactor) and cut down the oil production costs, the authors designed different heating disposition by NHR and boiler heating stations in high pour point oil reservoir, total 16.9 km 2 , in Daqing oil field. This work was based on the study of history matching, water flood planning and hot water circulation for the reservoir. The analyzing results show that, the convert heating cost of NHR is a third of boiler's and the net oil production of NHR is 4 times more than the latter. Considering economization and reliability, authors suggest to adopt the scheme of two NHR with one boiler heating station

Natural Resources, Oil and Economic Growth in Sub-Saharan Africa

OpenAIRE

Janda, Karel; Quarshie, Gregory

2017-01-01

This paper takes a critical look at the natural resource curse in countries in sub-Saharan Africa and it highlights the role of institutionalised authority. The paper first provides a comprehensive literature review of natural resource curse, Dutch disease and the role of oil resources in resource curse. This is follow by the description of the relevant economic factors in sub-Saharan Africa, which is taken as prime example of the region with both important oil and other natural resources and...

Fuel vegetable oils under some economic considerations; Oleos vegetais combustiveis sob algumas consideracoes economicas

Energy Technology Data Exchange (ETDEWEB)

Mourad, Anna Lucia [Universidade Estadual de Campinas (UNICAMP), SP (Brazil). Fac. de Engenharia Mecanica. Dept. de Energia]|[Instituto de Tecnologia de Alimentos (ITAL), Campinas, SP (Brazil)). Centro de Tecnologia de Embalagem]. E-mail: anna@ital.sp.gov.br

2006-07-01

The introduction of bio diesel in the Brazilian energy matrix has been mainly motivated by the governmental actions, which foresees social and economical development to the country in a program that allows the use of different oil seed crops as raw materials for bio fuel production. Cost estimates considering the average price received by the farmer and the oil content of each vegetable shows that the minimum cost of bio fuel was about 1.1(castor bean); 1.8(peanut); 2.0(soy beans); 3.3(corn) higher than the average cost of fossil diesel from 1975 to 2004. Among the evaluated raw materials, only the palm oil had inferior cost compared to the petroleum diesel (0.6%). The oleaginous plants that have a higher oil content and smaller agricultural production cost to produce bio fuels are economically most feasible and they should be prioritized in the Government Program so that it may become economically sustainable along the years, as well as generate adequate profit to the farmers of each culture. (author)

Model improves oil field operating cost estimates

International Nuclear Information System (INIS)

Glaeser, J.L.

1996-01-01

A detailed operating cost model that forecasts operating cost profiles toward the end of a field's life should be constructed for testing depletion strategies and plans for major oil fields. Developing a good understanding of future operating cost trends is important. Incorrectly forecasting the trend can result in bad decision making regarding investments and reservoir operating strategies. Recent projects show that significant operating expense reductions can be made in the latter stages o field depletion without significantly reducing the expected ultimate recoverable reserves. Predicting future operating cost trends is especially important for operators who are currently producing a field and must forecast the economic limit of the property. For reasons presented in this article, it is usually not correct to either assume that operating expense stays fixed in dollar terms throughout the lifetime of a field, nor is it correct to assume that operating costs stay fixed on a dollar per barrel basis

Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

International Nuclear Information System (INIS)

Naser, Hanan

2015-01-01

The primary objectives of this paper is to scrutinize the long-run relationship and the causal linkage between oil consumption, nuclear energy consumption, oil prices and economic growth. For this purpose, Johansen cointegration technique is applied using time series data for four emerging economies: Russia, China, South Korea and India, over the period from 1965 to 2010. Johansen cointegration results indicate that there is a long-run relationship between the proposed variables in each country. Exclusion tests show that both energy sources enter the cointegration space significantly (except for Russia), which suggests that energy has a long-run impact on economic growth. Results of the causal linkage between the variables point that energy consumption (i.e., oil or nuclear) has either a predictive power for economic growth, or a feedback impact between with real Gross Domestic Product (GDP) growth in all countries. Hence, energy conservation policies might harmful negative consequences on the growth of economic for this group of countries. - Highlights: • There is a long-run relationship among oil market, nuclear energy consumption, and economic growth. • Countries are energy dependent in stimulating economic growth. • There is feedback impact between oil consumption and economic growth in three out of four countries. • An increase in oil prices has drawbacks on emerging economies growth

Energy Efficiency of Technological Equipment at the Economic Agent by Identifying the Points with Recoverable Heat Potential

Directory of Open Access Journals (Sweden)

Arina Negoiţescu

2017-11-01

Full Text Available For an energy-efficient future, the EU needs to step up its efforts to maximize energy savings. In this context, the paper addresses the steps needed to establish energy efficiency measures and proposes effective measures to reduce consumption by recovering large amounts of energy lost to industrial consumers. The points with the highest recoverable energy potential have been identified and it is proposed to install the heat recovery systems on the flue gas exhaust circuits and polluted air from Industrial Technological Equipment (ITE such as dyeing/drying cabins (DDC. Therefore, whenever possible and as small as energy saving, energy recovery solutions at any level, but especially at local level, need to be applied. In conclusion, by concentrating all the energy-saving efforts that are still being wasted, Europe can contribute, by saving energy, to ensuring a sustainable energy future

SUBTASK 1.7 EVALUATION OF KEY FACTORS AFFECTING SUCCESSFUL OIL PRODUCTION IN THE BAKKEN FORMATION, NORTH DAKOTA PHASE II

Energy Technology Data Exchange (ETDEWEB)

Darren D. Schmidt; Steven A. Smith; James A. Sorensen; Damion J. Knudsen; John A. Harju; Edward N. Steadman

2011-10-31

Production from the Bakken and Three Forks Formations continues to trend upward as forecasts predict significant production of oil from unconventional resources nationwide. As the U.S. Geological Survey reevaluates the 3.65 billion bbl technically recoverable estimate of 2008, technological advancements continue to unlock greater unconventional oil resources, and new discoveries continue within North Dakota. It is expected that the play will continue to expand to the southwest, newly develop in the northeastern and northwestern corners of the basin in North Dakota, and fully develop in between. Although not all wells are economical, the economic success rate has been near 75% with more than 90% of wells finding oil. Currently, only about 15% of the play has been drilled, and recovery rates are less than 5%, providing a significant future of wells to be drilled and untouched hydrocarbons to be pursued through improved stimulation practices or enhanced oil recovery. This study provides the technical characterizations that are necessary to improve knowledge, provide characterization, validate generalizations, and provide insight relative to hydrocarbon recovery in the Bakken and Three Forks Formations. Oil-saturated rock charged from the Bakken shales and prospective Three Forks can be produced given appropriate stimulation treatments. Highly concentrated fracture stimulations with ceramic- and sand-based proppants appear to be providing the best success for areas outside the Parshall and Sanish Fields. Targeting of specific lithologies can influence production from both natural and induced fracture conductivity. Porosity and permeability are low, but various lithofacies units within the formation are highly saturated and, when targeted with appropriate technology, release highly economical quantities of hydrocarbons.

Play-level distributions of estimates of recovery factors for a miscible carbon dioxide enhanced oil recovery method used in oil reservoirs in the conterminous United States

Science.gov (United States)

Attanasi, E.D.; Freeman, P.A.

2016-03-02

In a U.S. Geological Survey (USGS) study, recovery-factor estimates were calculated by using a publicly available reservoir simulator (CO2 Prophet) to estimate how much oil might be recovered with the application of a miscible carbon dioxide (CO2) enhanced oil recovery (EOR) method to technically screened oil reservoirs located in onshore and State offshore areas in the conterminous United States. A recovery factor represents the percentage of an oil reservoir’s original oil in place estimated to be recoverable by the application of a miscible CO2-EOR method. The USGS estimates were calculated for 2,018 clastic and 1,681 carbonate candidate reservoirs in the “Significant Oil and Gas Fields of the United States Database” prepared by Nehring Associates, Inc. (2012).

Assessment of undiscovered oil and gas resources in the Canning Basin Province, Australia, 2017

Science.gov (United States)

Schenk, Christopher J.; Tennyson, Marilyn E.; Mercier, Tracey J.; Woodall, Cheryl A.; Finn, Thomas M.; Le, Phuong A.; Brownfield, Michael E.; Gaswirth, Stephanie B.; Marra, Kristen R.; Leathers-Miller, Heidi M.

2018-05-31

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable resources of 1.3 billion barrels of oil and 34.4 trillion cubic feet of gas in the Canning Basin Province of Australia.

The equilibrium price range of oil: economics, politics and uncertainty in the formation of oil prices

International Nuclear Information System (INIS)

Giraud, P.-N.

1995-01-01

This paper attempts to clarify the articulation between economic and political factors in the formation of petroleum prices. The essential point is that when factors control significant low cost reserves and will not or cannot adopt behaviour of a 'substantial economic rationality' then the economic analysis does not allow a unique dynamic equilibrium price to be determined. However, it does permit definition of an equilibrium price range within which political preferences may be expressed. Finally, the paper draws some conclusions on what could be discussed within the scope of a new oil producer-consumer dialogue. (author)

A database and probabilistic assessment methodology for carbon dioxide enhanced oil recovery and associated carbon dioxide retention in the United States

Science.gov (United States)

Warwick, Peter D.; Verma, Mahendra K.; Attanasi, Emil; Olea, Ricardo A.; Blondes, Madalyn S.; Freeman, Philip; Brennan, Sean T.; Merrill, Matthew; Jahediesfanjani, Hossein; Roueche, Jacqueline; Lohr, Celeste D.

2017-01-01

The U.S. Geological Survey (USGS) has developed an assessment methodology for estimating the potential incremental technically recoverable oil resources resulting from carbon dioxide-enhanced oil recovery (CO2-EOR) in reservoirs with appropriate depth, pressure, and oil composition. The methodology also includes a procedure for estimating the CO2 that remains in the reservoir after the CO2-EOR process is complete. The methodology relies on a reservoir-level database that incorporates commercially available geologic and engineering data. The mathematical calculations of this assessment methodology were tested and produced realistic results for the Permian Basin Horseshoe Atoll, Upper Pennsylvanian-Wolfcampian Play (Texas, USA). The USGS plans to use the new methodology to conduct an assessment of technically recoverable hydrocarbons and associated CO2 sequestration resulting from CO2-EOR in the United States.

Energy consumption and energy R and D in OECD: Perspectives from oil prices and economic growth

International Nuclear Information System (INIS)

Leng Wong, Siang; Chia, Wai-Mun; Chang, Youngho

2013-01-01

We estimate the short-run and long-run elasticities of various types of energy consumption and energy R and D to changes in oil prices and income of the 20 OECD countries over the period of 1980–2010 using the Nerlove partial adjustment model (NPAM). We find negative income elasticity for coal consumption but positive income elasticity for oil and gas consumption suggesting the importance of economic growth in encouraging the usage of cleaner energy from coal to oil and gas. By introducing time dummies into the regressions, we show that climatic mitigation policies are able to promote the usage of cleaner energies. Through the dynamic linkages between energy consumption and energy R and D, we find that fossil fuel consumption promotes fossil fuel R and D and fossil fuel R and D in turn drives its own consumption. Renewable energy R and D which is more responsive to economic growth reduces fossil fuel consumption and hence fossil fuel R and D. - Highlights: • Economic growth encourages the use of cleaner forms of energy. • Economic growth promotes renewable energy R and D. • Subsidies for renewable energy R and D promote renewable energy consumption. • Fossil fuel R and D promotes fossil fuel consumption in countries with oil reserves. • Oil consumption reduces significantly with higher oil prices

Assessment of continuous oil and gas resources in the San Jorge Basin Province, Argentina, 2017

Science.gov (United States)

Schenk, Christopher J.; Mercier, Tracey J.; Hawkins, Sarah J.; Tennyson, Marilyn E.; Marra, Kristen R.; Finn, Thomas M.; Le, Phuong A.; Brownfield, Michael E.; Leathers-Miller, Heidi M.; Woodall, Cheryl A.

2017-07-18

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable resources of 78 million barrels of oil and 8.9 trillion cubic feet of gas in the San Jorge Basin Province, Argentina.

Assessment of potential unconventional lacustrine shale-oil and shale-gas resources, Phitsanulok Basin, Thailand, 2014

Science.gov (United States)

Schenk, Christopher J.; Charpentier, Ronald R.; Klett, Timothy R.; Mercier, Tracey J.; Tennyson, Marilyn E.; Pitman, Janet K.; Brownfield, Michael E.

2014-01-01

Using a geology-based assessment methodology, the U.S. Geological Survey assessed potential technically recoverable mean resources of 53 million barrels of shale oil and 320 billion cubic feet of shale gas in the Phitsanulok Basin, onshore Thailand.

Technical and economic feasibility study of flue gas injection in an Iranian oil field

Directory of Open Access Journals (Sweden)

Mohammad Ali Ahmadi

2015-09-01

The main aim of this research is to investigate various gas injection methods (N2, CO2, produced reservoir gas, and flue gas in one of the northern Persian gulf oil fields by a numerical simulation method. Moreover, for each scenario of gas injection technical and economical considerations are took into account. Finally, an economic analysis is implemented to compare the net present value (NPV of the different gas injection scenarios in the aforementioned oil field.

Assessment of undiscovered continuous oil and gas resources in the Bohaiwan Basin Province, China, 2017

Science.gov (United States)

Schenk, Christopher J.; Tennyson, Marilyn E.; Mercier, Tracey J.; Woodall, Cheryl A.; Finn, Thomas M.; Brownfield, Michael E.; Le, Phuong A.; Klett, Timothy R.; Gaswirth, Stephanie B.; Marra, Kristen R.; Leathers-Miller, Heidi M.; Potter, Christopher J.

2018-02-07

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable continuous resources of 2.0 billion barrels of oil and 20.3 trillion cubic feet of gas in the Bohaiwan Basin Province, China.

On the cointegration and causality between oil market, nuclear energy consumption, and economic growth: evidence from developed countries

International Nuclear Information System (INIS)

Naser, Hanan

2017-01-01

This study uses Johansen cointegration technique to examine both the equilibrium relationship and the causality between oil consumption, nuclear energy consumption, oil price and economic growth. To do so, four industrialized countries including the USA, Canada, Japan, and France are investigated over the period from 1965 to 2010. The cointegration test results suggest that the proposed variables tend to move together in the long run in all countries. In addition, the causal linkage between the variables is scrutinized through the exogeneity test. The results point that energy consumption (i.e., oil or nuclear) has either a predictive power for economic growth, or feedback impact with real GDP growth in all countries. Results suggest that oil consumption is not only a major factor of economic growth in all the investigated countries, it also has a predictive power for real GDP in the USA, Japan, and France. Precisely, increasing oil consumption by 1% increases the economic growth in Canada by 3.1%., where increasing nuclear energy consumption by 1% in Japan and France increases economic growth by 0.108 and 0.262%, respectively. Regarding nuclear energy consumption-growth nexus, results illustrate that nuclear energy consumption has a predictive power for real economic growth in the USA, Canada, and France. On the basis of speed of adjustment, it is concluded that there is bidirectional causality between oil consumption and economic growth in Canada. On the other hand, there is bidirectional causal relationship between nuclear energy consumption and real GDP growth in Japan. (orig.)

On the cointegration and causality between oil market, nuclear energy consumption, and economic growth: evidence from developed countries

Energy Technology Data Exchange (ETDEWEB)

Naser, Hanan [Arab Open University, Faculty of Business Studies, A' ali (Bahrain)

2017-06-15

This study uses Johansen cointegration technique to examine both the equilibrium relationship and the causality between oil consumption, nuclear energy consumption, oil price and economic growth. To do so, four industrialized countries including the USA, Canada, Japan, and France are investigated over the period from 1965 to 2010. The cointegration test results suggest that the proposed variables tend to move together in the long run in all countries. In addition, the causal linkage between the variables is scrutinized through the exogeneity test. The results point that energy consumption (i.e., oil or nuclear) has either a predictive power for economic growth, or feedback impact with real GDP growth in all countries. Results suggest that oil consumption is not only a major factor of economic growth in all the investigated countries, it also has a predictive power for real GDP in the USA, Japan, and France. Precisely, increasing oil consumption by 1% increases the economic growth in Canada by 3.1%., where increasing nuclear energy consumption by 1% in Japan and France increases economic growth by 0.108 and 0.262%, respectively. Regarding nuclear energy consumption-growth nexus, results illustrate that nuclear energy consumption has a predictive power for real economic growth in the USA, Canada, and France. On the basis of speed of adjustment, it is concluded that there is bidirectional causality between oil consumption and economic growth in Canada. On the other hand, there is bidirectional causal relationship between nuclear energy consumption and real GDP growth in Japan. (orig.)

Assessment of undiscovered conventionally recoverable petroleum resources of the Arabian-Iranian Basin

Science.gov (United States)

Masters, Charles D.; Klemme, H. Douglas; Coury, Anny B.

1982-01-01

The estimates of undiscovered conventionally recoverable petroleum resources in the Arabian-Iranian basin at probability levels of 95 percent, 5 percent, and statistical mean are for oil (in billions of barrels): 72, 337, and 174; and for gas (in trillions of cubic feet): 299, 1792, and 849. The occurrence of petroleum can be accounted for in five definitive geological settings or plays. The assessment of undiscovered resource potential assumes that the new discoveries will expand the occurrence of petroleum in these basic plays; no additional plays with significant petroleum potential were recognized. The five plays listed by geologic age are: (I) Upper Cretaceous and Tertiary, (II) Lower and Middle Cretaceous sandstone, (III) Lower and Middle Cretaceous limestone, (IV) Jurassic, and (V) Permian. The Permian play, located in the south-central Arabian Gulf region and extending northeast-southwest from southern Iran to the Ar Rub' al Khali in Saudi Arabia, accounts for over four-fifths of the mean estimate of undiscovered gas. The remainder of the gas is divided about equally among the other four plays. The Jurassic play, located on the south side of the Arabian Gulf, accounts for slightly less than one-third of the estimated undiscovered oil, which is split equally between Saudi Arabia and Iraq. The Lower and Middle Cretaceous limestone play is located in the southern Gulf region and accounts for about one-fifth of the undiscovered oil, most of which is located in Saudi Arabia and the remainder in the United Arab Emirates. The Lower and Middle Cretaceous sandstone play is centralized in Kuwait at the head of the Arabian Gulf with significant potential extending to the northwest in Iraq; the play accounts for about one-third of the undiscovered oil, the great majority of which is estimated to be in Iraq with the remainder divided between Saudi Arabia and Kuwait. The upper Cretaceous-Tertiary play is located in the Zagros fold belt of Iran and Iraq and accounts for

REVENUE FROM EXPORTING OIL, INCOME DISTRIBUTION, AND ECONOMIC PROGRESS IN THE MIDDLE EAST

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Mehdi MOHAGHEGH

2009-07-01

Full Text Available The increases in petrodollars received by oil produ cing countries of the Middle East in the past few years can become a reality again when the wo rld economy recovers from this recession. The access to so much hard currency in the past co uld have potentially impr oved the economies of these nations beyond imagination. Economic de velopment specialists regard reaching some goals such as higher growth rate of real output, less chronic inflation, Improvements in education and healthcare services, greater diversity in the economy and in exports, greater equality in the distribution of income, and lower unemployment rate as indication of economic progress or socio –economic improvements in a developing country. The purpose of this paper is to evaluate the relative success of the Oil-Produc ing Countries of the Middle East in achieving the above socio- economic goals within the context of huge inflows of petrodollars into their countries every year. Through analysis of data from the region the author of this paper has obtained convincing evidence in support of the view that the oil-exporting nations have, for the most part, wasted the abundant and extremely valuable foreign curr encies that they have received every year for the past several decades.

Dynamic relationships between oil revenue, government spending and economic growth in Oman

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Ahmad Hassan Ahmad

2015-07-01

Full Text Available This paper investigates the short-run and long-run relationships between three main macroeconomic variables in Oman using the Johansen multivariate co-integration techniques as well as the stationary VAR for the period between 1971 and 2013. The results indicate that there is a long-run relationship between these three macroeconomic variables; the real GDP, the real government expenditure and the real oil revenues. The estimated coefficients for the real oil revenues and the real government expenditure are correctly signed and statistically significant at 5% level. Both variables depict positive relationship with GDP which are 0.672 and 0.872 respectively. The impulse response functions and the variance decomposition from the stationary VAR show that these variables are very important to the short-run dynamics of the Omani economy. Overall, government expenditure appears to be the main source for economic growth in long-run, and in short run variations in government expenditure are generally derived by oil revenue shocks. Therefore, the volatility in oil revenue requires public expenditure management reforms and the need to diversify income sources in order to enhance economic stability and growth.

The economic consequences of rising oil prices

International Nuclear Information System (INIS)

Lescaroux, F.

2006-05-01

In the context of rising crude oil prices observed in the last five years, this paper attempts to shed light on the possible consequences of a costlier barrel. We shall begin with a brief presentation of the main results of the analyses conducted in the last 30 years, concerning the impact of energy prices on economic activity. We shall then interpret these analyses and their conclusions, and try to draw a number of lessons about the anticipated effects of the recent trend in energy prices. (author)

Political economic origins of Sekondi-Takoradi, West Africa’s new oil city

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Franklin Obeng-Odoom

2012-01-01

Full Text Available The origins, growth and trajectory of Sekondi-Takoradi, West Africa’s newest oil city, are considered by using an “institutional-analytical” method of economic history. Particular attention is given to the role of ports, harbours and railways, and how they evolved and interacted with political economic institutions in the last 100 years. This omnibus historical analysis suggests that West Africa’s newest oil city has come full circle. Its contemporary stature in national and international circles has a historical parallel in the 1920s when, as now, it captured national, regional and international attention. The evidence suggests that contemporary narratives that strike a determinist relationship between resource boom and social doom need to be reconsidered.

Economic decision making and the application of nonparametric prediction models

Science.gov (United States)

Attanasi, E.D.; Coburn, T.C.; Freeman, P.A.

2008-01-01

Sustained increases in energy prices have focused attention on gas resources in low-permeability shale or in coals that were previously considered economically marginal. Daily well deliverability is often relatively small, although the estimates of the total volumes of recoverable resources in these settings are often large. Planning and development decisions for extraction of such resources must be areawide because profitable extraction requires optimization of scale economies to minimize costs and reduce risk. For an individual firm, the decision to enter such plays depends on reconnaissance-level estimates of regional recoverable resources and on cost estimates to develop untested areas. This paper shows how simple nonparametric local regression models, used to predict technically recoverable resources at untested sites, can be combined with economic models to compute regional-scale cost functions. The context of the worked example is the Devonian Antrim-shale gas play in the Michigan basin. One finding relates to selection of the resource prediction model to be used with economic models. Models chosen because they can best predict aggregate volume over larger areas (many hundreds of sites) smooth out granularity in the distribution of predicted volumes at individual sites. This loss of detail affects the representation of economic cost functions and may affect economic decisions. Second, because some analysts consider unconventional resources to be ubiquitous, the selection and order of specific drilling sites may, in practice, be determined arbitrarily by extraneous factors. The analysis shows a 15-20% gain in gas volume when these simple models are applied to order drilling prospects strategically rather than to choose drilling locations randomly. Copyright ?? 2008 Society of Petroleum Engineers.

OPEC and the international oil market: can a cartel fuel the engine of economic development?

Czech Academy of Sciences Publication Activity Database

Noguera, Jose; Pecchenino, R. A.

2007-01-01

Roč. 25, č. 1 (2007), s. 187-199 ISSN 0167-7187 Institutional research plan: CEZ:MSM0021620846 Keywords : OPEC * International oil market * oil export Subject RIV: AH - Economics Impact factor: 0.464, year: 2007

EFFECTS OF OIL PRICE SHOCKS ON THE ECONOMIC SECTORS IN MALAYSIA

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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.

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

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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.

Non-OPEC Oil Supply: Economics and Energy Policy Options

Energy Technology Data Exchange (ETDEWEB)

Mourik, Maarten van [Paris (France); Shepherd, Richard K. [Perpignan (France)

2003-07-01

Apart from the enigmatic FSU, there is little prospect of long term growth for non-OPEC oil supply and a strong likelihood that over the next few years the trend will flatten and then decline irrevocably. Decline will come faster if the spectacular discoveries in the deep water offshore plays of the southern Atlantic and the Gulf of Mexico attract sufficient investment to match the loss of production in the North Sea. Deep water oil supply might be expected to reach a peak of as much as 6-7 million barrels a day by the time the North Sea has lost more than half its current output in the period beyond 2010. But economics play as strong a role as geology in real world oil business. Current indicators suggest that the prolific deep water wells are delivering less oil than expected and for a shorter period. That means less revenue. This paper outlines the disappointing performance of recent offshore fields, in both deep water and conventional water depths, and suggests consequences for global supply in the next decade. The 30 year success story of non-OPEC oil supply stems directly from the oil price revolution of the 1970s, without which the North Sea and most other offshore oil plays would not have been economic. The non-OPEC oil boom was also necessary because access to the cheap oil of the Persian Gulf and a few other plays were simply not available to the international private sector oil industry, as they had been before. That era is now over. It is ending not because oil is too cheap, but because there are powerful reasons for change. Firstly there is not enough oil left to make a difference beyond the next few years. Secondly, the economics of deep water and other offshore oil may not be attractive enough. Thirdly the doors to the Middle East are now being opened again to companies that can write those assets on their balance sheets and generate profits, allowing better return on investment and their higher share prices. There is no more compelling reason for a

Assessment of continuous oil and gas resources in the Middle and Upper Magdalena Basins, Colombia, 2017

Science.gov (United States)

Schenk, Christopher J.; Brownfield, Michael E.; Tennyson, Marilyn E.; Le, Phuong A.; Mercier, Tracey J.; Finn, Thomas M.; Hawkins, Sarah J.; Gaswirth, Stephanie B.; Marra, Kristen R.; Klett, Timothy R.; Leathers-Miller, Heidi M.; Woodall, Cheryl A.

2017-09-22

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable continuous resources of 0.45 billion barrels of oil and 1.0 trillion cubic feet of gas in the Middle and Upper Magdalena Basins, Colombia.

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.

Ecological and Economic Indicators of Oil and Gas Companies Functioning

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Anastasia V. Sheveleva

2016-01-01

Full Text Available This article analyzes the basic ecological-economic indicators of oil and gas companies, in particular the various volumes of oil, the number of spills per year of CO2 emissions, the costs of environmental protection. In the process of exploration, development and exploitation of oil and gas fields, production, refining, transportation and storage companies have a negative impact on the environment. Occur accidents involving oil spills, emissions and discharges of pollutants into the environment. As a result contaminates water resources, soil and atmosphere, animals dying, birds and fish, but also transformed the structure of the subsurface and changes the landscape, reduced strategic reserves of fuel and energy resources are formed objects of accumulated environmental damage. The need for construction of environmental protection facilities; the protection, rational use and rehabilitation of lands; protection of water resources and atmospheric air; monitoring the environment and industrial facilities; the prevention and elimination of consequences of accidents on pipelines; disposal and recycling of waste; environmental education; conducting scientific research requires oil and gas companies to undertake large expenditures. A positive trend of modern development of oil and gas companies is the introduction of mechanisms for environmental management in practice their activities, which leads to a gradual reduction of the negative impact of their activities on the environment.

Diversification of Oil and Gas Companies’ Activities in the Condition of Oil Prices Reduction and Economic Sanctions

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Anastasia V. Sheveleva

2016-01-01

Full Text Available This article analyzes the influence of the economic sanctions imposed from the USA and the EU and oil prices reduction on the oil and gas companies and the directions of diversification of their activity as a method of management of price risks are considered. In the modern dynamic and quickly developing world, in the conditions of globalization and market economy, the oil and gas companies are affected by various risks which can exert negative impact on production and financial results. Risks can arise in absolutely various spheres, beginning from natural and technological hazards, and finishing with price risks. Sharp reduction of oil prices and decrease in demand for energy resources in the world markets, first of all in the European countries, input of financial or technological sanctions from the USA and Europe against Russia in 2014 has caused necessity of search a new more effective methods of price risks management of the oil and gas company. The methods of price risk management include the creation of commodity reserves, the establishment of a reserve fund, long-term contracts, subsidies from the state and the diversification of activities. The most effective it is possible to offer diversification of oil and gas companies' activity. It is expedient to carry out diversification of oil and gas companies' activity in such directions as geographical diversification of the oil, oil products and gas realization directions, geographical diversification of oil and gas companies' purchasing activity, diversification of oil, oil products and gas transportation ways, diversification of oil and gas companies' business. This approach allows to expand the activities of the oil and gas companies and create additional ways to generate revenue and enhance efficiency of oil and gas companies.

Solar-generated steam for oil recovery: Reservoir simulation, economic analysis, and life cycle assessment

International Nuclear Information System (INIS)

Sandler, Joel; Fowler, Garrett; Cheng, Kris; Kovscek, Anthony R.

2014-01-01

Highlights: • Integrated assessment of solar thermal enhanced oil recovery (TEOR). • Analyses of reservoir performance, economics, and life cycle factors. • High solar fraction scenarios show economic viability for TEOR. • Continuous variable-rate steam injection meets the benchmarks set by conventional steam flood. - Abstract: The viability of solar thermal steam generation for thermal enhanced oil recovery (TEOR) in heavy-oil sands was evaluated using San Joaquin Valley, CA data. The effectiveness of solar TEOR was quantified through reservoir simulation, economic analysis, and life-cycle assessment. Reservoir simulations with continuous but variable rate steam injection were compared with a base-case Tulare Sand steamflood project. For equivalent average injection rates, comparable breakthrough times and recovery factors of 65% of the original oil in place were predicted, in agreement with simulations in the literature. Daily cyclic fluctuations in steam injection rate do not greatly impact recovery. Oil production rates do, however, show seasonal variation. Economic viability was established using historical prices and injection/production volumes from the Kern River oil field. For comparison, this model assumes that present day steam generation technologies were implemented at TEOR startup in 1980. All natural gas cogeneration and 100% solar fraction scenarios had the largest and nearly equal net present values (NPV) of $12.54 B and $12.55 B, respectively. Solar fraction refers to the steam provided by solar steam generation. Given its large capital cost, the 100% solar case shows the greatest sensitivity to discount rate and no sensitivity to natural gas price. Because there are very little emissions associated with day-to-day operations from the solar thermal system, life-cycle emissions are significantly lower than conventional systems even when the embodied energy of the structure is considered. We estimate that less than 1 g of CO 2 /MJ of refined

Process simulation and economic analysis of biodiesel production from waste cooking oil with membrane bioreactor

Science.gov (United States)

Abdurakhman, Yuanita Budiman; Putra, Zulfan Adi; Bilad, Muhammad Roil

2017-10-01

Pollution and shortage of clean energy supply are among major problems that are caused by rapid population growth. Due to this growth, waste cooking oil is one of the pollution sources. On the other hand, biodiesel appears to be one of the most promising and feasible energy sources as it emits less toxic pollutants and greenhouse gases than petroleum diesel. Thus, biodiesel production using waste cooking oil offers a two-in-one solution to cater pollution and energy issues. However, the conventional biodiesel production process using homogeneous base catalyst and stirred tank reactor is unable to produce high purity of biodiesel from waste cooking oil. It is due its sensitivity to free fatty acid (FFA) content in waste cooking oil and purification difficulties. Therefore, biodiesel production using heterogeneous acid catalyst in membrane reactor is suggested. The product of this process is fatty acid methyl esters (FAME) or biodiesel with glycerol as by-product. This project is aimed to study techno-economic feasibility of biodiesel production from waste cooking oil via heterogeneous acid catalyst in membrane reactor. Aspen HYSYS is used to accomplish this aim. Several cases, such as considering different residence times and the production of pharmaceutical (USP) grade glycerol, are evaluated and compared. Economic potential of these cases is calculated by considering capital expenditure, utilities cost, product and by-product sales, as well as raw material costs. Waste cooking oil, inorganic pressure-driven membrane and WAl is used as raw material, type of membrane and heterogeneous acid catalyst respectively. Based on literature data, FAME yield formulation is developed and used in the reactor simulation. Simulation results shows that economic potential increases by 30% if pharmaceutical (USP) grade glycerol is produced regardless the residence time of the reactor. In addition, there is no significant effect of residence time on the economic potential.

The development of today's mineable oil sands projects, the key factors influencing economics

International Nuclear Information System (INIS)

Lynn, J.R.

1991-01-01

Many factors influence the perception of economic performance for developing projects. Some of these factors can be controlled by the developer, while some are outside the developer's sphere of influence. Technology selection, management systems, stakeholder involvement, environmental responsiveness and risk management are areas that may be influenced, however interest rates, product prices and currency exchange all have a measurable effect on project economics and are beyond a developer's control. Economic considerations for evaluating mineable oil sand development projects are outlined, focussing on the key factors unique to such developments in general and to the OSLO project in particular. The OSLO project is a proposed $5 billion energy development that entails constructing an open pit oil sands mine and a bitumen extraction facility north of Fort McMurray, Alberta, coupled with a bitumen upgrader in the Redwater area. 7 figs

Evaluation of heavy-oil and tar sands in Bourbon, Crawford, and Cherokee Counties, Kansas. Final report

Energy Technology Data Exchange (ETDEWEB)

Ebanks, W.J. Jr.; James, G.W.; Livingston, N.D.

1977-12-01

The current national energy-resource situation has provided the incentive to investigate more fully deposits of heavy-oil bearing sandstone in southeastern Kansas, as part of a larger, three-state study. The results of this study indicate that the size of the heavy-oil resource in the three Kansas counties studied is smaller than earlier estimates suggested. A resource of 200 to 225 million barrels of oil in-place is estimated to be present in areas of ''known oil occurrence,'' as established by this study. The amount of this in-place resource which may be considered to be reserves, that is, recoverable under existing technology and economics, is zero. The estimates of resource-size are severely downgraded from earlier estimates mainly because of the discontinuous nature of the potential reservoir sandstone bodies and because of the thinness and shaliness of some of these sandstones. The earlier impression of these heavy-oil reservoirs, at least in Kansas, as being widespread, heavily oil saturated, ''blanket'' sandstones unfortunately is not correct. There are areas, shown on maps, which may warrant further investigation because of locally good oil-saturation, i.e., more than 400 barrels per acre foot, in trends of sandstone thicker than 20 feet. It is concluded that there will be no widespread exploitation of subsurface heavy-oil sandstones within the areas of Bourbon, Crawford, and Cherokee Counties, Kansas. Smaller areas indicated here may warrant further drilling and investigation, but the potential size of the heavy-oil resource is severely downgraded from earlier estimates.

CO2 Enhanced Oil Recovery from the Residual Zone - A Sustainable Vision for North Sea Oil Production

Science.gov (United States)

Stewart, Jamie; Haszeldine, Stuart; Wilkinson, Mark; Johnson, Gareth

2014-05-01

conventional oil. The application of CO2EOR to ROZ enables a significant contribution to a field's recoverable reserves [3]. This work identifies for the first time the plays of geological conditions that create naturally occurring residual oil zones in the United Kingdom Continental Shelf. We present a screening workflow to identify such zones and a methodology for assessing the resource potential and CO2 storage capacity for a number of different fields. Lastly we examine the economic consequences on CO2 storage of the incremental oil produced, and the carbon balance life-cycle. [1] Melzer, S., Koperna, G., Kuuskraa, V. 2006. The Origin and Resource Potential of Residual Oil Zones. SPE Annual and Technical Conference, San Antonio, Texas, Society. [2] Koperna, G., Melzer. S.L., Kuuskraa, V. 2006. Recovery of Oil Resources From the Residual and Transitional Oil Zones of the Permian Basin.. SPE Annual Technical Conference, San Antonia, Texas. Society of Petroleum Engineers. [3] Advanced Resources International, 2005. Assessing Technical and Economic Recovery of Residual Oil Zones. U.S Department of Energy.

THE PROSPECTS OF INNOVATIVE DEVELOPMENT OF DOMESTIC OIL AND GAS COMPLEX

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A. N. Dmitrievskii

2015-01-01

Full Text Available The New industrialization of the Russian economy is not possible without the formation of forward-looking strategy of innovative development of oil and gas complex, combining related industries. Oil and gas complex of Russia, its fi elds and infrastructure – is key to the territorial integrity of the country, the guarantor of stable functioning of the economy, the most important component of export potential and low-income. During the past decades, a combination of favorable external conditions for the activities of oil and gas companies such as easily recoverable reserves and long-term prospect of rising prices for raw materials – allow these companies do not pay enough attention to the innovation component. The approaching exhaustion of Russian stocks in the «easy» oil and toughening global competition for energy resources and technology made such an inertial approach to innovation is inadmissible; sanctions and the fall in world prices for hydrocarbons requires the development strategy of innovative development of oil and gas based approach combining resource and innovative potential of Russia.Objective: To analyze opportunities for integration into a coherent innovation strategy of fundamental and applied research of Russian scientists, including IPNG Russian Academy of Sciences, Institute of Economic Forecasting, and other scientifi c organizations.Objectives: To propose a mechanism of management of development based management model basic technical and economic parameters of oil and (or gas through its full life cycle, as well as to demonstrate the possibility of forming a strategic decision of a higher level, combining new technologies and market management methods.Methodology: systematic approach, investment analysis, models of the full life cycle of natural and man-made objects, the fundamentals of feasibility and tax planning.Practical application of the results of this work: management model of oil and gas deposits �

Exercise-based transportation reduces oil dependence, carbon emissions and obesity

Energy Technology Data Exchange (ETDEWEB)

Higgins, P.A.T.

2005-09-15

Societal dependence on oil leads to increasingly negative social consequences throughout the world, including climate change, air pollution, political and economic instability, and habitat degradation. Reliance on the automobile for transportation also contributes to a sedentary lifestyle, an obesity epidemic and poor health. These problems are particularly pronounced in the USA, which currently consumes c. 27% of global oil production and produces c. 25% of global carbon emissions, and where c. 65% of adults are overweight or obese. Other countries throughout the world that replicate or hope to replicate the automobile-based lifestyle of the USA face similar problems now or in the near future. This paper develops and applies calculations relating the distances that could be travelled through recommended daily walking or cycling with weight loss, oil consumption and carbon emissions. These straightforward calculations demonstrate that widespread substitution of driving with distances travelled during recommended daily exercise could reduce the USA's oil consumption by up to 38%. This saving far exceeds the amount of oil recoverable from the Arctic National Wildlife Refuge, suggesting that exercise can reduce foreign oil dependence and provide an alternative to oil extraction from environmentally sensitive habitat. At the same time, an average individual who substitutes this amount of exercise for transportation would burn respectively c. 12.2 and 26.0 kg of fat per year for walking and cycling. This is sufficient to eliminate obese and overweight conditions in a few years without dangerous or draconian diet plans. Furthermore, a reduction in carbon dioxide emissions of c. 35% is possible if the revenue saved through decreased health care spending on obesity is redirected toward carbon abatement. As a result, exercise-based transportation may constitute a favourable alternative to the energy and diet plans that are currently being implemented in the USA and may

Petroleum investment opportunities in Manitoba: A geological, engineering and economic perspective

International Nuclear Information System (INIS)

Fox, J.N.; Martinuk, C.D.

1994-01-01

The geology and reservoir characteristics of Manitoba's oil producing horizons are described, and exploration and development prospects are reviewed. Southwestern Manitoba occupies part of the northeastern flank of the Williston Basin. Paleozoic, Mesozoic, and Cenozoic rocks form a basinward thickening wedge of sedimentary strata that reach a total thickness of 2,300 m in the southwest corner of the province. To date, oil production in Manitoba is restricted to the sandstones of the Middle Jurassic, the Jurassic Amaranth Formation, the Mississippian Bakken Formation, and the carbonates of the Mississippian Lodgepole and Mission Canyon Formations. The deeper Ordovician, Silurian, and Devonian formations offer oil and gas potential but remain largely undrilled. Total recoverable reserves are ca 36 million m 3 and remaining proved reserves are ca 6 million m 3 . Manitoba had a resurgence in petroleum activity in 1993; 102 wells were licensed, compared to an annual average of 61 over the past five years. More Crown land was disposed at the two lease sales in 1993 than had been leased in the previous five years. Low Crown land price is one competitive advantage available to Manitoba oil producers. Other advantages include low drilling and completion costs, low drilling density, a competitive and stable fiscal regime, drilling and exploration incentives, and unrestricted access to markets. Sample economics are included to illustrate the attractiveness of vertical and horizontal drilling opportunities in Manitoba. 8 refs., 6 figs., 7 tabs

Assessment of undiscovered oil and gas resources of the Central Burma Basin and the Irrawaddy-Andaman and Indo-Burman Geologic Provinces, Myanmar

Science.gov (United States)

Wandrey, Craig J.; Schenk, Christopher J.; Klett, Timothy R.; Brownfield, Michael E.; Charpentier, Ronald R.; Cook, Troy A.; Pollastro, Richard M.; Tennyson, Marilyn E.

2012-01-01

The Irrawaddy-Andaman and Indo-Burman Geologic Provinces were recently assessed for undiscovered technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey's (USGS) World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 2.3 billion barrels of oil, 79.6 trillion cubic feet of gas, and 2.1 billion barrels of natrual gas liquids.

The Asymmetric Effects of Oil Price Changes on the Economic Activities in Indonesia

Directory of Open Access Journals (Sweden)

Rina Juliet Artami

2018-01-01

Full Text Available This paper analyzes the asymmetric impact of oil price changes on the economic growth of and inflation in Indonesia by using the vector autoregression (VAR model for the period from 1990Q1 to 2016Q4. The results show that the impact of oil price changes on the gross domestic product (GDP is asymmetric, as a drop in oil prices decreases the GDP, whereas an increase in oil prices does not significantly affect GDP. It is crucial for Indonesia to reduce its dependency on oil, mainly as its primary source of revenue, and also consider utilizing more sources of renewable energy. At the same time, the effects of both the positive and negative changes in oil prices are found to be not statistically significant to inflation. The lack of impact of oil price changes on inflation can explain by the implementation of the fuel price subsidy in Indonesia.DOI: 10.15408/sjie.v7i1.6052

OPTICAL FIBER SENSOR TECHNOLOGIES FOR EFFICIENT AND ECONOMICAL OIL RECOVERY

Energy Technology Data Exchange (ETDEWEB)

Anbo Wang; Kristie L. Cooper; Gary R. Pickrell

2003-06-01

Efficient recovery of petroleum reserves from existing oil wells has been proven to be difficult due to the lack of robust instrumentation that can accurately and reliably monitor processes in the downhole environment. Commercially available sensors for measurement of pressure, temperature, and fluid flow exhibit shortened lifetimes in the harsh downhole conditions, which are characterized by high pressures (up to 20 kpsi), temperatures up to 250 C, and exposure to chemically reactive fluids. Development of robust sensors that deliver continuous, real-time data on reservoir performance and petroleum flow pathways will facilitate application of advanced recovery technologies, including horizontal and multilateral wells. This is the final report for the four-year program ''Optical Fiber Sensor Technologies for Efficient and Economical Oil Recovery'', funded by the National Petroleum Technology Office of the U.S. Department of Energy, and performed by the Center for Photonics Technology of the Bradley Department of Electrical and Computer Engineering at Virginia Tech from October 1, 1999 to March 31, 2003. The main objective of this research program was to develop cost-effective, reliable optical fiber sensor instrumentation for real-time monitoring of various key parameters crucial to efficient and economical oil production. During the program, optical fiber sensors were demonstrated for the measurement of temperature, pressure, flow, and acoustic waves, including three successful field tests in the Chevron/Texaco oil fields in Coalinga, California, and at the world-class oil flow simulation facilities in Tulsa, Oklahoma. Research efforts included the design and fabrication of sensor probes, development of signal processing algorithms, construction of test systems, development and testing of strategies for the protection of optical fibers and sensors in the downhole environment, development of remote monitoring capabilities allowing real

Economic potentials of oil palm products and weed control on ...

African Journals Online (AJOL)

A study was carried out at the Research Farm of National Root Crops Research Institute Umudike, southeastern Nigeria (05o, 29'N, 07o 33'E and 122 m above sea level), in 2015 and 2016 cropping seasons to study the economic potentials of oil palm products and weed control on sustainable turmeric production and some ...

Estimating the short-term economic damages from the Prestige oil spill in the Galician fisheries and tourism

Energy Technology Data Exchange (ETDEWEB)

Garza-Gil, M. Dolores; Prada-Blanco, Albino; Vazquez-Rodriguez, M. Xose [Department of Applied Economics, Faculty of Economics, University of Vigo Lagoas-Marcosende, 36310 Vigo (Spain)

2006-07-01

The Prestige oil spill may be considered as one of the worst in the last years because of the amount of oil spilled (59,000 tons at the moment) and the wide zone affected: almost all the coastline in Galicia (Spanish region with a very important coast fishing and tourist activity) and some points in North Spain and in Southwest France. In this paper, we estimate the short-term economic damages from the Prestige oil spills in the Galician fishing and tourist activities. The economic losses arising from the Prestige oil spill exceed those items that can be indemnified under the IOPC system. Their magnitude could reach 5 times more than the applicable limit of compensations in the Prestige case. The consequence is net losses from repeated oil spills and internationally accepted incentives to risky strategies in the marine transport of hydrocarbons. (author)

Estimating the short-term economic damages from the Prestige oil spill in the Galician fisheries and tourism

International Nuclear Information System (INIS)

Garza-Gil, M. Dolores; Prada-Blanco, Albino; Vazquez-Rodriguez, M. Xose

2006-01-01

The Prestige oil spill may be considered as one of the worst in the last years because of the amount of oil spilled (59,000 tons at the moment) and the wide zone affected: almost all the coastline in Galicia (Spanish region with a very important coast fishing and tourist activity) and some points in North Spain and in Southwest France. In this paper, we estimate the short-term economic damages from the Prestige oil spills in the Galician fishing and tourist activities. The economic losses arising from the Prestige oil spill exceed those items that can be indemnified under the IOPC system. Their magnitude could reach 5 times more than the applicable limit of compensations in the Prestige case. The consequence is net losses from repeated oil spills and internationally accepted incentives to risky strategies in the marine transport of hydrocarbons. (author)

Assessment of undiscovered conventional oil and gas resources in the Wyoming Thrust Belt Province, Wyoming, Idaho, and Utah, 2017

Science.gov (United States)

Schenk, Christopher J.; Mercier, Tracey J.; Tennyson, Marilyn E.; Woodall, Cheryl A.; Brownfield, Michael E.; Le, Phuong A.; Klett, Timothy R.; Gaswirth, Stephanie B.; Finn, Thomas M.; Marra, Kristen R.; Leathers-Miller, Heidi M.

2018-02-16

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable resources of 26 million barrels of oil and 700 billion cubic feet of gas in the Wyoming Thrust Belt Province, Wyoming, Idaho, and Utah.

Algae to Economically Viable Low-Carbon-Footprint Oil.

Science.gov (United States)

Bhujade, Ramesh; Chidambaram, Mandan; Kumar, Avnish; Sapre, Ajit

2017-06-07

Algal oil as an alternative to fossil fuel has attracted attention since the 1940s, when it was discovered that many microalgae species can produce large amounts of lipids. Economics and energy security were the motivational factors for a spurt in algae research during the 1970s, 1990s, and early 2000s. Whenever crude prices declined, research on algae stopped. The scenario today is different. Even given low and volatile crude prices ($30-$50/barrel), interest in algae continues all over the world. Algae, with their cure-all characteristics, have the potential to provide sustainable solutions to problems in the energy-food-climate nexus. However, after years of effort, there are no signs of algae-to-biofuel technology being commercialized. This article critically reviews past work; summarizes the current status of the technology; and based on the lessons learned, provides a balanced perspective on a potential path toward commercialization of algae-to-oil technology.

ECONOMICS AND APPRAISAL OF CONVENTIONAL OIL AND GAS IN THE WESTERN GULF OF MEXICO.

Science.gov (United States)

Attanasi, E.D.; Haynes, John L.

1984-01-01

The oil and gas industry frequently appraises undiscovered oil and gas resources on a regional basis to decide whether to start or continue exploration programs. The appraisals are of little value unless conditioned by estimates of the costs of finding and producing the resources. This paper presents an economic appraisal of undiscovered oil and gas resources in the western Gulf of Mexico. Also presented are a description of the model used to make the assessment, results of a sensitivity analysis, and a discussion of the implications of the results to the industry. The appraisal is shown to be relatively robust to changes in physical and engineering assumptions. Because the number of commercial discoveries was found to be quite sensitive to economic conditions, the analysis has important implications in terms of forecasting future industry drilling and other associated activities in the western Gulf of Mexico.

Economic analysis of the CLC/FC regime as an oil pollution prevention instrument

International Nuclear Information System (INIS)

Hay, J.

2006-09-01

The aim of this research is to discuss the effectiveness of CLC/IOPC (Civil Liability Convention) liability regime in the field of oil pollution prevention. This study is mainly carried out from a law and economics perspective, although reference is also made to the economic analysis of international environmental agreements. The first two chapters explore the deterrent potential of the international regime in terms of oil spill prevention, from a theoretical and empirical perspective. The analysis of the effectiveness of the regime as such consists in, on the one hand, considering the ability of the international regime to compensate the entire social costs of oil spills (chapter 3) and, on the other hand, to examine the incentives given to operators in maritime oil transport to prevent accidental pollution (chapters 4 and 5). Sixth chapter considers the impacts of the voluntary nature of the international regime on its deterrent potential. The results obtained from this analysis enable to identify several mechanisms by which the deterrent effect of the existing regime could be increased. However, the overall effectiveness of the international regime appears to be limited by several factors that can not be corrected by means of a modification of the CLC and IOPC conventions. (author)

Technical and economic study of a mobile system for extraction of eucalyptus essential oil

Directory of Open Access Journals (Sweden)

Gisele Aparecida Vivan

2011-03-01

Full Text Available The production of essential oils has become increasing in Brazil, especially considering the benefits that certain substances can add to health and range of cosmetics, toiletries and drugs that originate in its processing. Based on these conditions and in the vast area of the Rio Grande do Sul where it is being implanted the culture of eucalyptus, this study seeks ways to boost the economic structure of culture, seeking to generate new business opportunities through the extraction of oil contained in the leaves Eucalyptus, a byproduct of the paper industry, the current main economic interest of culture. Based on these assumptions, it was elaborated a conceptual design of a mobile equipment able to meet the processing demand of the crop, determining a diagram processing flow and fitting the equipment to meet this demand. Subsequently, it was evaluated the technical and economic feasibility of deploying the mobile extraction system for essential oil of eucalyptus in the southern region of Rio Grande do Sul, conducting technical studies for the improvement and efficiency of the conceptual design and economic feasibility analysis to determine variables that determine the success of the project. It was conclude that the conceptual design has beneficial aspects, especially regarding the mobility, flexibility of use, minimization of empty spaces and water use in semi-closed circuit. In the analysis of economic feasibility, the simulated scenarios showed positive values for Net Present Value, Internal Rate of Return above the minimum rate of attractiveness and capital Payback relatively short, even for the scenarios considered critical.

The world oil market after the Iraq-Kuwait crisis: Economic and politicoeconomic considerations

International Nuclear Information System (INIS)

Wirl, F.

1994-01-01

The recent crisis in the Gulf (Iraq's temporary annexation of Kuwait) will presumably inflict enormous damage on future oil markets on both sides, consumers and producers. Consumers will be aware of the potential insecurity of the oil supply from the Arab-Persian Gulf, ironically, at a time when OPEC members (others than Iraq and Kuwait) stood up to their commitment. The reason for this lack of confidence is that political objectives may dominate conventional economic goals so that the future oil market becomes unpredictable and potentially insecure. As a consequence, consumers may conserve even in period of low oil prices so that billions and billions of (opportunity) dollars might be wasted. Vertical integration may be a way to mitigate this insecurity and to increase the credibility of a reliable supply. Presumably the easiest way to regain some of the consumers' confidence seems to be to again offer the international oil companies larger responsibility for the oil market

Assessment of undiscovered oil and gas resources of the Cretaceous-Tertiary Composite Total Petroleum System, Taranaki Basin Assessment Unit, New Zealand

Science.gov (United States)

Wandrey, Craig J.; Schenk, Christopher J.; Klett, Timothy R.; Brownfield, Michael E.; Charpentier, Ronald R.; Cook, Troy A.; Pollastro, Richard M.; Tennyson, Marilyn E.

2013-01-01

The Cretaceous-Tertiary Composite Total Petroleum System coincident Taranaki Basin Assessment Unit was recently assessed for undiscovered technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey (USGS) World Energy Resources Project, World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 487 million barrels of oil, 9.8 trillion cubic feet of gas, and 408 million barrels of natural gas liquids.

Coal and Oil: The Dark Monarchs of Global Energy: Understanding Supply and Extraction Patterns and their Importance for Future Production

International Nuclear Information System (INIS)

Hoeoek, Mikael

2010-01-01

The formation of modern society has been dominated by coal and oil, and together these two fossil fuels account for nearly two thirds of all primary energy used by mankind. This makes future production a key question for future social development and this thesis attempts to answer whether it is possible to rely on an assumption of ever increasing production of coal and oil. Both coal and oil are finite resources, created over long time scales by geological processes. It is thus impossible to extract more fossil fuels than geologically available. In other words, there are limits to growth imposed by nature. The concept of depletion and exhaustion of recoverable resources is a fundamental question for the future extraction of coal and oil. Historical experience shows that peaking is a well established phenomenon in production of various natural resources. Coal and oil are no exceptions, and historical data shows that easily exploitable resources are exhausted while more challenging deposits are left for the future. For oil, depletion can also be tied directly to the physical laws governing fluid flows in reservoirs. Understanding and predicting behaviour of individual fields, in particularly giant fields, are essential for understanding future production. Based on comprehensive databases with reserve and production data for hundreds of oilfields, typical patterns were found. Alternatively, depletion can manifest itself indirectly through various mechanisms. This has been studied for coal. Over 60% of the global crude oil production is derived from only around 330 giant oilfields, where many of them are becoming increasingly mature. The annual decline in existing oil production has been determined to be around 6% and it is unrealistic that this will be offset by new field developments, additional discoveries or unconventional oil. This implies that the peak of the oil age is here. For coal a similar picture emerges, where 90% of the global coal production originates

Utilization of oil wells for electricity generation: Performance and economics

International Nuclear Information System (INIS)

Kharseh, Mohamad; Al-Khawaja, Mohammed; Hassani, Ferri

2015-01-01

There is a general agreement that the climate change, which is the most important challenge facing humanity, is anthropogenic and attributed to fossil fuel consumption. Therefore, deploying more renewable energy resources is an urgent issue to be addressed. Geothermal refers to existing heat energy in deep rock and sedimentary basins. Traditionally, geothermal energy has been exploited in places with plentiful hot water at relatively shallow depth. Unfortunately, the high exploration and drilling costs of boreholes is the main barrier to the commerciality of geothermal worldwide. In oil producing countries, such problems can be overcome by utilizing oil or gas wells. The current study presents thermodynamic and economic analyses of a binary geothermal power generation system for commercial electricity generation. Two different source temperatures (100 and 120 °C) and constant sink temperature (29 °C) were considered. The optimal working fluid and optimal design that improve the performance of the plant are determined. For the current costs in Qatar, the economical analysis of 5 MW geothermal plant shows that the levelized cost of electricity for the plant varies from 5.6 to 5.2 ¢/kW. Whereas, the payback period of such plants lies between 5.8 and 4.8 years. - Highlights: • Utilizing oil well makes geothermal plant competitive with other resources. • R32 seems to be the best working fluid. • The levelized cost of electricity for geothermal plant is less than 5.6 ¢/kWh. • The payback time of geothermal plant is less than 6 years.

THE ORGANIZATIONAL-ECONOMIC MECHANISM OF RESTRUCTURING OF THE MARKET OF MINERAL OIL IN REGION

Directory of Open Access Journals (Sweden)

V.I. Efimenkov

2007-12-01

Full Text Available Restructuring, in opinion of the experts, one of the basic ways of steady development of managing subjects in modern conditions. In clause strategy of organizational-economic restructuring of the regional market of mineral oil is considered. Concrete actions of complex restructuring of the market of mineral oil in region and the mechanism of management are resulted by reorganization of the given market.

An economic study of palm oil marketing in Akwa Ibom state ...

African Journals Online (AJOL)

However, the fluctuating trends in the production and marketing of palm oil in the State, calls for adequate economic investigation in order to enhance the potentials of the enterprise. The study covered the major markets in Akwa Ibom State, namely Uyo, Eket, Etinan, and Ikot Abasi main markets. In all, both the producers, ...

Oil Production, Refining and Transportation in Canada

Directory of Open Access Journals (Sweden)

Igbal A. Guliyev

2015-01-01

Full Text Available The article deals with fuel and energy complex of Canada as one of the largest manufacturers of primary energy in the world, which provides up to 6 percent of the world energy supply. Only the Russian Federation, PRC, the United States of America and the Kingdom of Saudi Arabia have larger production volumes. However, oil plays the most significant role in Canada's energy exports. It is estimated that its proven reserves are sufficient to meet the demand for 140 years at current production rate. The relevance of the study, including the analysis of fuel and energy complex of Canada, is due to the fact that such comparison and synthesis of data on the amount of recoverable oil reserves, the volume of its production, imports, exports and transit of oil and oil products, the distribution of oil for transportation (via pipelines, rail, sea, road, strategic oil field, refining and transportation of oil and oil products development projects, as well as implementation of Canada's best practices in the Russian Federation, is being developed for the first time. In addition, the data given in previously published articles on the subject, due to the dynamic development of the industry, are obsolete and do not reflect the real situation.

Spontaneous synthesis of gold nanoparticles on gum arabic-modified iron oxide nanoparticles as a magnetically recoverable nanocatalyst.

Science.gov (United States)

Wu, Chien-Chen; Chen, Dong-Hwang

2012-06-19

A novel magnetically recoverable Au nanocatalyst was fabricated by spontaneous green synthesis of Au nanoparticles on the surface of gum arabic-modified Fe3O4 nanoparticles. A layer of Au nanoparticles with thickness of about 2 nm was deposited on the surface of gum arabic-modified Fe3O4 nanoparticles, because gum arabic acted as a reducing agent and a stabilizing agent simultaneously. The resultant magnetically recoverable Au nanocatalyst exhibited good catalytic activity for the reduction of 4-nitrophenol with sodium borohydride. The rate constants evaluated in terms of pseudo-first-order kinetic model increased with increase in the amount of Au nanocatalyst or decrease in the initial concentration of 4-nitrophenol. The kinetic data suggested that this catalytic reaction was diffusion-controlled, owing to the presence of gum arabic layer. In addition, this nanocatalyst exhibited good stability. Its activity had no significant decrease after five recycles. This work is useful for the development and application of magnetically recoverable Au nanocatalyst on the basis of green chemistry principles.

Spontaneous synthesis of gold nanoparticles on gum arabic-modified iron oxide nanoparticles as a magnetically recoverable nanocatalyst

Science.gov (United States)

2012-01-01

A novel magnetically recoverable Au nanocatalyst was fabricated by spontaneous green synthesis of Au nanoparticles on the surface of gum arabic-modified Fe3O4 nanoparticles. A layer of Au nanoparticles with thickness of about 2 nm was deposited on the surface of gum arabic-modified Fe3O4 nanoparticles, because gum arabic acted as a reducing agent and a stabilizing agent simultaneously. The resultant magnetically recoverable Au nanocatalyst exhibited good catalytic activity for the reduction of 4-nitrophenol with sodium borohydride. The rate constants evaluated in terms of pseudo-first-order kinetic model increased with increase in the amount of Au nanocatalyst or decrease in the initial concentration of 4-nitrophenol. The kinetic data suggested that this catalytic reaction was diffusion-controlled, owing to the presence of gum arabic layer. In addition, this nanocatalyst exhibited good stability. Its activity had no significant decrease after five recycles. This work is useful for the development and application of magnetically recoverable Au nanocatalyst on the basis of green chemistry principles. PMID:22713480

Oil palm plantations in Indonesia: The implications for migration, settlement/resettlement and local economic development

NARCIS (Netherlands)

Budidarsono, S.; Susanti, A.; Zoomers, E.B.

2013-01-01

5. Concluding remarks It is not difficult for policy makers to show that oil palms are an economically rentable crop with a huge potential for further economic growth. In addition to national demands, the growing worldwide interest in biofuels as an alternative to fossil fuels will increase demand

ROPE: Recoverable Order-Preserving Embedding of Natural Language

Energy Technology Data Exchange (ETDEWEB)

Widemann, David P. [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States); Wang, Eric X. [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States); Thiagarajan, Jayaraman J. [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States)

2016-02-11

We present a novel Recoverable Order-Preserving Embedding (ROPE) of natural language. ROPE maps natural language passages from sparse concatenated one-hot representations to distributed vector representations of predetermined fixed length. We use Euclidean distance to return search results that are both grammatically and semantically similar. ROPE is based on a series of random projections of distributed word embeddings. We show that our technique typically forms a dictionary with sufficient incoherence such that sparse recovery of the original text is possible. We then show how our embedding allows for efficient and meaningful natural search and retrieval on Microsoft’s COCO dataset and the IMDB Movie Review dataset.

A techno-economic evaluation of two non-edible vegetable oil based bio diesel in Pakistan

International Nuclear Information System (INIS)

Chakrabarti, M.H.; Ali, M.

2010-01-01

Technical evaluation of Bio diesel, produced from various non-edible oils, was carried out on the basis of emission profile, torque, engine brake power and exhaust temperatures at 10% blend ratio (by volume) with mineral diesel. The performance of engine parameters showed that the castor oil based bio diesel gave the best results. Economic feasibility for bio diesel production was carried out based on available data on cultivation of necessary plants on marginal lands. This economic analysis also included the value of by-products which would be available during the chemical process for the production of bio diesel. It was found that jatropha bio diesel could be produced at a comparable cost to mineral diesel, however, castor bio diesel required substantial subsidies or mass cultivation of plants on marginal lands to enable it to compete economically with mineral diesel. (author)

Assessment of undiscovered oil and gas resources of the Volga-Ural Region Province, Russia and Kazakhstan, 2010

Science.gov (United States)

Klett, T.R.; Schenk, Christopher J.; Charpentier, Ronald R.; Brownfield, Michael E.; Pitman, Janet K.; Cook, Troy A.; Tennyson, Marilyn E.

2010-01-01

The U.S. Geological Survey estimated mean volumes of technically recoverable, conventional, undiscovered petroleum resources at 1.4 billion barrels of crude oil, 2.4 trillion cubic feet of natural gas, and 85 million barrels of natural gas liquids for the Volga-Ural Region Province, using a geology-based assessment methodology.

Assessment of undiscovered continuous oil and gas resources in the Heath Formation, central Montana and western North Dakota, 2016

Science.gov (United States)

Drake, Ronald M.; Schenk, Christopher J.; Klett, Timothy R.; Le, Phuong A.; Leathers, Heidi M.; Brownfield, Michael E.; Finn, Thomas M.; Gaswirth, Stephanie B.; Marra, Kristen R.; Tennyson, Marilyn E.

2017-06-07

Using a geology-based assessment methodology, the U.S. Geological Survey estimated undiscovered, technically recoverable mean resources of 884 million barrels of oil and 106 billion cubic feet of gas in the North-Central Montana and Williston Basin Provinces of central Montana and western North Dakota.

The Alberta oil sands story

Energy Technology Data Exchange (ETDEWEB)

1974-01-01

This report serves as a detailed introduction to the Alberta oil sands and their development. It includes a description of the oil sands deposits, an outline of crude bitumen recovery and upgrading processes, the role of Alberta Energy Company in oil sands development, environmental aspects, manpower requirements for oil sands development, research needs, and further oil sands projects. Presently proven recoverable reserves in the oil sands amount to 26.5 billion bbl of synthetic crude. Production from the Syncrude plant (125,000 bbl/d capacity) is expected to begin in 1977, followed by a Shell Canada operation around 1980. The provincial government will participate in the oil sand industry through its joint venture participation in Syncrude and its 50% share in Alberta Energy Company; the latter company participates in related aspects of the Syncrude project, such as pipelines. The result of Alberta's participation in the industry will mean that, directly or indirectly, the province will realize 60% of the total profits. The job creation potential of oil sands projects is estimated to be extensive, with a direct and indirect work force supported by oil sands activities possibly reaching 180,000 persons by the year 2000. Research needs have been identified, particularly in the area of in-situ thermal recovery technology, and the creation of the Alberta Oil Sands Technology and Research Authority has been authorized in order to meet these needs. Although current reserves are sufficient to support 20-30 synthetic crude plants, a number of factors will limit expansion of the industry. 8 figs., 5 tabs.

Proceedings of the 1992 SPE oil and gas economics, finance and management conference

International Nuclear Information System (INIS)

Anon.

1992-01-01

This volume contains the proceedings of the SPE 1992 Oil and Gas Economics, Finance and Management Conference. Topics covered include: Iran's petroleum industry, planning and control of reserves, natural gas supply and demand. petroleum investment and exploration contracts, and project financing

A unified world oil market: Regions in physical, economic, geographic, and political space

International Nuclear Information System (INIS)

Kaufmann, Robert K.; Banerjee, Shayan

2014-01-01

Although there is a general consensus that the market is unified, here we quantify the factors that create regions by analyzing the price relation between 33 crude oils. ADF statistics indicate that 447 of the 528 crude oil pairings cointegrate; 81 do not. The presence/absence of cointegration is analyzed using a logit model. The likelihood that the prices for two crude oils cointegrate depends on their physical characteristics (density and sulfur content), economic factors (country risk for the nation of origin), their geographic location (distance between supply ports), and political factors (OPEC membership). Over the sample period, the technology to refine heavy crude oils penetrates the market, and this reduces the price difference between heavy and light crude oils. The effect of country risk implies that crude oils from high risk nations are not perfect substitutes for crude oils of similar quality from low risk nations. Finally, crude oils from widely separated suppliers are more likely to cointegrate than crude oils from near-by nations, which suggests consumers diversify supply across transportation chokepoints. For this sample, these sources of regionalization add $0.20 per barrel to the $2.86 average price difference between crude oils in the same market. Together, these factors have important implications for the efficacy of policy aimed at reducing dependence on unreliable suppliers and the spill-over effects of holding inventories. - Highlights: • The world oil market is not completely unified. • Regions are defined by differences in API gravity and sulfur content. • Country risk regionalizes the world oil market. • Shipping chokepoints regionalize the world oil market. • Regionalization adds $0.20 to $2.86 price difference between oils in same market

Social and economic vulnerability indicators for oil exporting countries: methodology and comparison analysis; Indicadores de vulnerabilidade socioeconomica para paises exportadores de petroleo: metodologia e analise comparativa

Energy Technology Data Exchange (ETDEWEB)

Jesus, Fernanda Delgado de

2009-04-15

The oil exporting countries can be vulnerable to this row-material as the oil importing ones, due to their social economic dependence of the revenues generated by the oil and gas sector. So, it is also important for those countries the analysis of their social economic vulnerability in order to contribute for the comprehension of their real actions related to their production strategies, aiming to affect oil price and market-share. Due to that, this thesis proposes a methodology based on social economic indicators of oil exporting countries, which will enclose the following aspects: physical, productive, commercial, macro economic, fiscal and social. These indicators will be applied to the OPEC members, Norway and Mexico, and orientated through a normalized scale as in a multicriteria methodology (AHP - Analytic Hierarchy Process). The analyzed results will drive the social economic implications, and the studied countries will be classified in a scale that goes from very favorable to very unfavorable. The results point the main social economic fragilities of the oil exporting countries, designing pathways to Brazil and their possible exporting ambitions. The most important considerations that became from the vulnerable oil export countries experiences refers to the necessity to straight and increases their macro economic foundations, industrial diversification incentives and the creation of an stabilization fund (based on oil revenues) for the future generations, or to severe oil prices oscillations periods in the international market (author)

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

Assessment of undiscovered continuous oil and gas resources in the Domanik-type formations of the Volga-Ural Region Province, Russia, 2017

Science.gov (United States)

Klett, Timothy R.; Brownfield, Michael E.; Finn, Thomas M.; Gaswirth, Stephanie B.; Le, Phuong A.; Leathers-Miller, Heidi M.; Marra, Kristen R.; Mercier, Tracey J.; Pitman, Janet K.; Schenk, Christopher J.; Tennyson, Marilyn E.; Woodall, Cheryl A.

2018-02-27

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable continuous resources of 2.8 billion barrels of oil and 34 trillion cubic feet of gas in the Domanik-type formations of the Volga-Ural Region Province, Russia.

Assessment of undiscovered continuous oil and gas resources of Upper Cretaceous Shales in the Songliao Basin of China, 2017

Science.gov (United States)

Potter, Christopher J.; Schenk, Christopher J.; Pitman, Janet K.; Klett, Timothy R.; Tennyson, Marilyn E.; Gaswirth, Stephanie B.; Leathers-Miller, Heidi M.; Finn, Thomas M.; Brownfield, Michael E.; Mercier, Tracey J.; Marra, Kristen R.; Woodall, Cheryl A.

2018-05-03

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable resources of 3.3 billion barrels of oil and 887 billion cubic feet of gas in shale reservoirs of the Upper Cretaceous Qingshankou and Nenjiang Formations in the Songliao Basin of northeastern China.

Role and Place of the Oil Industry in the Economic and Political Development in Iraq

Directory of Open Access Journals (Sweden)

E V Pashkova

2014-12-01

Full Text Available In the article the authors consider economic and political aspects of restoration and development of the oil industry in Iraq and make a brief historical analysis of it. It’s emphasized the role of political factors in the history of the development of the oil sector in the country. The article deals with the current situation in the oil industry of Iraq, and also the prospects and forecasts of development of it. It’s emphasized the idea that the oil export is one of the most important directions of Iraq's oil policy, which has a high degree of flexibility. It is noted that currently, the speedy recovery of Iraq and its oil industry depends on international companies. However, it is emphasized that there are established a lot of state-owned oil companies in recent decades in Iraq, which are working successfully in the global market. Authors consider the activity of one of them, a marketing company SOMO.

The experience of western oil companies in Russia

International Nuclear Information System (INIS)

Moerland, A.

1994-01-01

The oil and gas industry is the most important industry to Russia providing 52% of all hard currency earnings for the country. The oil production is declining by more than 30% during recent years from 10.3 billion barrels per day in 1990 to 7.1 billion barrels today. The paper discusses the Amoco engagement in the Priobskoye Field in western Siberia containing up to 5 billion barrels of recoverable oil requiring capital investments of more than 25 billion dollars over the first 20 years. Over the last five years, foreign companies have worked with their Russian counterparts to complete numerous feasibility studies on many projects. In the next few months, important developments may take place such as the offshore Sakhalin in the East and the Timan Pechora region in the North. The experienced barriers connected to the activities, burden of taxes, policy issues etc., are dealt with

The experience of western oil companies in Russia

Energy Technology Data Exchange (ETDEWEB)

Moerland, A. [Amoco Erusia Petroleum Co., Moscow (Russian Federation)

1994-12-31

The oil and gas industry is the most important industry to Russia providing 52% of all hard currency earnings for the country. The oil production is declining by more than 30% during recent years from 10.3 billion barrels per day in 1990 to 7.1 billion barrels today. The paper discusses the Amoco engagement in the Priobskoye Field in western Siberia containing up to 5 billion barrels of recoverable oil requiring capital investments of more than 25 billion dollars over the first 20 years. Over the last five years, foreign companies have worked with their Russian counterparts to complete numerous feasibility studies on many projects. In the next few months, important developments may take place such as the offshore Sakhalin in the East and the Timan Pechora region in the North. The experienced barriers connected to the activities, burden of taxes, policy issues etc., are dealt with

Assessment of undiscovered conventionally recoverable petroleum resources of the Northwest European region

Science.gov (United States)

Masters, Charles D.; Klemme, H. Douglas

1984-01-01

The estimates of undiscovered conventionally recoverable petroleum resources in the northwest European region at probability levels of 95 percent, 5 percent, statistical mean, and mode are for oil (in billions of barrels): 9, 34, 20, and 15; and for gas (in trillions of cubic feet): 92, 258, 167, and 162. The occurrence of petroleum can be accounted for in two distinct geological plays located in the various subbasins of the region. Play I is associated with the distribution of mature source rocks of Late Jurassic age relative to four distinct trapping conditions. The play has been demonstrated productive mostly in the Viking and Central Grabens of the North Sea, where the shale has been buried to optimum depths for the generation of both oil and gas. To the north of 62 ? N. latitude up to the Barents Sea, source rocks become increasingly deeply buried and are interpreted to be dominantly gas prone; a narrow band of potentially oil-prone shales tracks most of the coast of Norway, but water depths in favorable localities commonly range from 600 to 1,200 feet. To the south of the Central Graben, the Jurassic source rocks are either immature or minimally productive because of a change in facies. Undrilled traps remain within the favorable source-rock area, and exploration will continue to challenge the boundaries of conventional wisdom, especially on the Norwegian side where little has .been reported on the geology of the adjoining Bergen High or Horda Basin, though, reportedly, the Jurassic source rocks are missing on the high and are immature in the southern part of the basin. Play II is associated with the distribution of a coal facies of Carboniferous age that is mature for the generation of gas and locally underlies favorable reservoir and sealing rocks. The play is limited largely by facies development to the present area of discovery and production but is limited as well to the southeast into onshore Netherlands and Germany by the unfavorable economics of an

EEE (environmental engineering economics) attributes for oil and gas industry

International Nuclear Information System (INIS)

Isreb, M.

2006-01-01

This paper outlined the basic attributes of environmental engineering economics (EEE) with reference to the oil and gas industry in Australia. The paper was designed as a reference guide for policy-makers, educators, and environmental engineers. Methods of calculating the Pareto Optimum status were discussed, and environmental values and principles were identified. Air quality indicators were outlined. The paper considered multidisciplinary approaches to EEE and sustainable development, as well as the application of statistics and qualitative methods in addressing contemporary issues. The ethical aspects of environmental policies were discussed. Issues related to environmental toxicity and public health were also examined. Various taxation approaches and financial incentives were reviewed. Environmental laws related to the oil and gas industry were outlined. Environmental assessment procedures were presented. It was concluded that environmental regulations within the industry will help to ensure appropriate pollution reductions. 7 refs

Potential Mississippi oil recovery and economic impact from CO2 miscible flooding

International Nuclear Information System (INIS)

Moring, J.A.; Rogers, R.E.

1991-01-01

Maturing of Mississippi oil reservoirs has resulted in a steady decline in crude oil production in the state. This paper reports that, to evaluate the potential of enhanced recovery processes, particularly in the use of the state's large CO 2 reserves, for arresting this trend, the subject study was performed. A computer data base of over 1315 Mississippi reservoirs was established. All reservoirs were screened for applicability of the carbon dioxide miscible process. With models developed by the National Petroleum Council and DOE, incremental oil that could be produced from the carbon dioxide miscible process was calculated. Under selected economic conditions, carbon dioxide miscible flooding with utilization of carbon dioxide from the state's Norphlet formation (3-7 tcf reserves of high-purity CO 2 ) could produce 120 million barrels of incremental oil in Mississippi. Incremental state revenues as a consequence of this production were calculated to be $45 million of severance taxes, $50 million of corporate income taxes, and $60 million of royalty payments, expressed as present values

Economic Efficiency of Artisanal Fishing Households under Oil Pollution Environment in the Niger Delta Region of Nigeria

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Gbigbi, TM.

2014-01-01

Full Text Available Fish supplies more than 87% of the animal protein in Nigeria, and more than 90% of coastal communities depend solely on fishing and fisheries related activities for their survival. Available information however, shows that Nigeria's inland water bodies are producing less than 13% of their estimated fishery potential. And domestic demand for fish has never been met by dependence on output from available aquatic sources. Nigeria therefore imports over US$ 200 million worth of frozen fish per annum. The capacity of artisanal fisheries to play its role of bridging this food gap, providing employment and generating income, particularly for the coastal communities in Nigeria, will largely depend on the adoption of appropriate management strategies that will ensure efficiency and sustainability given their debilitating oil pollution environment. This study employed a Cobb- Douglas stochastic frontier cost function to measure the level of economic efficiency and its determinants among these households. A multi-stage random sampling technique was used to select 160 respondents from whom input-output data, prices and socioeconomic characteristics were obtained. The results of the analysis showed that individual levels of economic efficiency ranged from 0.10 - 0.96 with a mean of 0.68. While age, household size and number of fishing trips made in a week decreased, access to credit, membership of co-operative society, and oil spill increased, significantly, the respondents' level of economic inefficiency. These observations particularly suggest that the farmers were yet to harness the potentials of farm credit and membership of cooperative societies in their farm business, perhaps as a result of poverty. We recommend training workshops and seminars to remedy this. There is also the need for policies that could compel oil companies to minimize oil spill within the farmers' fishing environment. The adverse effects of oil spill on the environment and the

Water-level and recoverable water in storage changes, High Plains aquifer, predevelopment to 2015 and 2013–15

Science.gov (United States)

McGuire, Virginia L.

2017-06-01

The High Plains aquifer underlies 111.8 million acres (about 175,000 square miles) in parts of eight States—Colorado, Kansas, Nebraska, New Mexico, Oklahoma, South Dakota, Texas, and Wyoming. Water-level declines began in parts of the High Plains aquifer soon after the beginning of substantial irrigation with groundwater in the aquifer area (about 1950). This report presents water-level changes and change in recoverable water in storage in the High Plains aquifer from predevelopment (about 1950) to 2015 and from 2013 to 2015.The methods to calculate area-weighted, average water-level changes; change in recoverable water in storage; and total recoverable water in storage used geospatial data layers organized as rasters with a cell size of 500 meters by 500 meters, which is an area of about 62 acres. Raster datasets of water-level changes are provided for other uses.Water-level changes from predevelopment to 2015, by well, ranged from a rise of 84 feet to a decline of 234 feet. Water-level changes from 2013 to 2015, by well, ranged from a rise of 24 feet to a decline of 33 feet. The area-weighted, average water-level changes in the aquifer were an overall decline of 15.8 feet from predevelopment to 2015 and a decline of 0.6 feet from 2013 to 2015. Total recoverable water in storage in the aquifer in 2015 was about 2.91 billion acre-feet, which was a decline of about 273.2 million acre-feet since predevelopment and a decline of 10.7 million acre-feet from 2013 to 2015.

The economic activities analysis of the marginal community living around the artisanal oil mining site in Hargomulyo, Bojonegoro Regency

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N T Brata

2017-01-01

Full Text Available The focus of this paper is on a marginal society in Bojonegoro Regency, East Java Province. It is a remote area in the middle of a teak forest, far away from the centre of economy and governance, it’s that makes the society find some difficulties to overcome their economic problems. There are some oil wells owned by NV BPM Company which had stopped its legal operations. Then, the society conducts illegal traditional oil mining. The purposes of this study are: (1 to study the reason of the society in making the artisanal oil mining as their livelihood, (2 to study the economic implication from their mining activities. The results showed that in a tough life to fulfil their needs, there is a creative idea from the society in seeing and understanding their infertile environment. In an environment that looks unable to provide a chance to the society for getting a livelihood, there are some people find a niche in the form of old oil wells. The society is able to find an environment niche to resolve their poverty problems. The economic implication is in the form of chance or entrance for the society to work in Artisanal Oil Mining (AOM field.

A Canadian perspective on the supply costs, production and economic impacts from oil sands development

International Nuclear Information System (INIS)

McColl, D.; Masri, M.

2008-01-01

This article provided a synopsis of oil sands research recently conducted at the Canadian Energy Research Institute (CERI). The production profiles and capital expenditures that CERI has projected for oil sands projects were explored along with the macroeconomic benefits associated with oil sands development. In addition to rising capital and operating costs, bitumen producers are challenged by labour shortages and environmental concerns. However, CERI warrants continued growth in production from the oil sands industry, given the current high price state of the global oil market and security of supply concerns from oil importing countries. This article also provided background information and analysis to assess the implications of future development. The projected growth in the oil sands industry creates demands for infrastructure, housing, health care, education, and business services. The economic impacts were measured at the local, provincial, national and global levels in terms of changes in gross domestic product; changes in employment; and, changes in government revenues. It was concluded that with continued investment and development, Alberta's oil sands resource is expected to continue to produce oil for decades, and would eventually achieve 6 MMbpd production. 8 refs., 3 tabs., 10 figs

Assessment of creation prospects of the effective economic stimulation mechanism of ecologically sustainable oil and gas complex development

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Sheveleva Anastasia, V.

2015-12-01

Full Text Available Negative anthropogenous impact on environment is now felt especially sharply and gains global character that can lead to economic and ecological collapse, eventually. One of the most large-scale subjects of the economic environment doing harm to environment are the enterprises of an oil and gas complex as they in large volumes throw out the polluting substances and in high volumes take natural resources. However the field of activity of such enterprises is priority for national economy, and difficult interchangeability of energy raw material resources demands from the state and the oil and gas enterprises of development within realization of complete branch ecological-economic policy of the economic mechanism of stimulation of ecologically sustainable development of an oil and gas complex. Experience of last years within regulation and stimulation of decrease in pollution shows that the most effective way of achievement of it is implementation of serious capital investments in introduction of the environmentally friendly technologies in production allowing to receive a smaller stream of pollution "at the exit" a production system, and also a recycling of resources that can be provided by introduction in practice of work of the company of the best available technologies. Problems of ecologically sustainable development will also be answered by problems of economy not only in production and power, but also in power - a consumer sector for what it is necessary to provide compliance of the technologies used in extracting and processing the energy sectors, with technologies of economy of energy in a consumer sector. In the paper in this regard much attention is paid to possibility of formation of such economic mechanism via the public-private partnership mechanism that means that ecological-economic strategy of development of the enterprises of an oil and gas complex have to be coordinated with power strategy of development of regions and the

Research needs to maximize economic producibility of the domestic oil resource

International Nuclear Information System (INIS)

Tham, M.K.; Burchfield, T.; Chung, Ting-Horng; Lorenz, P.; Bryant, R.; Sarathi, P.; Chang, Ming Ming; Jackson, S.; Tomutsa, L.; Dauben, D.L.

1991-10-01

NIPER was contracted by the US Department of Energy Bartlesville (Okla.) Project Office (DOE/BPO) to identify research needs to increase production of the domestic oil resource, and K ampersand A Energy Consultants, Inc. was subcontracted to review EOR field projects. This report summarizes the findings of that investigation. Professional society and trade journals, DOE reports, dissertations, and patent literature were reviewed to determine the state-of-the-art of enhanced oil recovery (EOR) and drilling technologies and the constraints to wider application of these technologies. The impacts of EOR on the environment and the constraints to the application of EOR due to environmental regulations were also reviewed. A review of well documented EOR field projects showed that in addition to the technical constraints, management factors also contributed to the lower-than-predicted oil recovery in some of the projects reviewed. DOE-sponsored projects were reviewed, and the achievements by these projects and the constraints which these projects were designed to overcome were also identified. Methods of technology transfer utilized by the DOE were reviewed, and several recommendations for future technology transfer were made. Finally, several research areas were identified and recommended to maximize economic producibility of the domestic oil resource. 14 figs., 41 tabs

Research needs to maximize economic producibility of the domestic oil resource

Energy Technology Data Exchange (ETDEWEB)

Tham, M.K.; Burchfield, T.; Chung, Ting-Horng; Lorenz, P.; Bryant, R.; Sarathi, P.; Chang, Ming Ming; Jackson, S.; Tomutsa, L. (National Inst. for Petroleum and Energy Research, Bartlesville, OK (United States)); Dauben, D.L. (K and A Energy Consultants, Inc., Tulsa, OK (United States))

1991-10-01

NIPER was contracted by the US Department of Energy Bartlesville (Okla.) Project Office (DOE/BPO) to identify research needs to increase production of the domestic oil resource, and K A Energy Consultants, Inc. was subcontracted to review EOR field projects. This report summarizes the findings of that investigation. Professional society and trade journals, DOE reports, dissertations, and patent literature were reviewed to determine the state-of-the-art of enhanced oil recovery (EOR) and drilling technologies and the constraints to wider application of these technologies. The impacts of EOR on the environment and the constraints to the application of EOR due to environmental regulations were also reviewed. A review of well documented EOR field projects showed that in addition to the technical constraints, management factors also contributed to the lower-than-predicted oil recovery in some of the projects reviewed. DOE-sponsored projects were reviewed, and the achievements by these projects and the constraints which these projects were designed to overcome were also identified. Methods of technology transfer utilized by the DOE were reviewed, and several recommendations for future technology transfer were made. Finally, several research areas were identified and recommended to maximize economic producibility of the domestic oil resource. 14 figs., 41 tabs.

World resources of oil products

International Nuclear Information System (INIS)

Bonnaterre, Raymond

2014-01-01

In a first part, the author outlines that the issue of density of an oil product raises the question of the validity of a counting approach based on volumes. As oil industries produce always less heavy products and always more light products, this means that always less oil is needed to produce a gallon or a litre of fuel out of a refinery. The author comments the evolution of crude oil extraction. In a second part, he outlines that hydrocarbon productions become always more complex with respect to their origin. Thus, during gas extraction, humid gases are recovered which contain an important part of hydrocarbons similar to light oil. These aspects and the development of shale gas exploitation will make the USA the first oil producer in the world whereas they still have to import heavy oil to feed their refineries. He discusses the level of reserves and production costs with respect to the product type or its extraction location. He discusses the evolution of the estimates of world ultimately recoverable resources (synthesis processes excluded). He comments the level of condensate extraction ratio of the main shale gas fields in the USA and outlines the cost of natural gas imports for France. He outlines the importance of GTL (gas to liquid) processes, the increasing importance of bio-fuels (notably isobutanol biosynthesis and terpene biosynthesis). In the third part, the author states that the barrel price should keep on increasing and, in the fourth part, proposes a list of issues which will impact the future of the oil market

Recoverable and Programmable Collapse from Folding Pressurized Origami Cellular Solids.

Science.gov (United States)

Li, S; Fang, H; Wang, K W

2016-09-09

We report a unique collapse mechanism by exploiting the negative stiffness observed in the folding of an origami solid, which consists of pressurized cells made by stacking origami sheets. Such a collapse mechanism is recoverable, since it only involves rigid folding of the origami sheets and it is programmable by pressure control and the custom design of the crease pattern. The collapse mechanism features many attractive characteristics for applications such as energy absorption. The reported results also suggest a new branch of origami study focused on its nonlinear mechanics associated with folding.

Assessment of undiscovered conventional oil and gas resources in the West Korea Bay–North Yellow Sea Basin, North Korea and China, 2017

Science.gov (United States)

Schenk, Christopher J.; Tennyson, Marilyn E.; Mercier, Tracey J.; Hawkins, Sarah J.; Finn, Thomas M.; Gaswirth, Stephanie B.; Marra, Kristen R.; Klett, Timothy R.; Le, Phuong A.; Leathers-Miller, Heidi M.; Woodall, Cheryl A.

2017-07-11

Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered, technically recoverable conventional resources of 1.1 billion barrels of oil and 2.2 trillion cubic feet of gas in the West Korea Bay–North Yellow Sea Basin, North Korea and China.

Economic Sanctions Against Russia: Short and Medium Term Consequences for the Oil and Gas Industry

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Rustem M. Nureev

2017-09-01

Full Text Available The growth in production and exports of oil and gas from the United States and other OECD countries led to pressure on energy prices, and posed the problem of redistribution of the structure of oil and gas market shares. The aggravation of competition contributed to the selection of measures to modernize the industry in Russia as the main measures of economic sanctions, as well as restrictions on the supply of Russian oil and gas to Europe, which jeopardized the implementation of the South Stream and North Stream-2 projects. The oil and gas industry continues to play a significant role in the formation of the revenue base of the federal budget of the Russian Federation. As a result of the imposition of sanctions, the export of Western equipment to Russia was banned, it could be a serious blow to the industry, which potential could be fully realized in the next 3–5 years. Oil and gas companies are most dependent on the pumping equipment (import share is 50%, catalysts (80% share of imports, applied software (the share of imports is more than 80%. Currently, Russian companies purchase equipment in China and South Korea, but the quality is much lower than the US, and the equipment often fails, so it is associated with the high costs of repairs. The import substitution should revive the domestic production of oil and gas equipment, but how this policy is implemented is difficult to predict, as enterprises have to overcome a significant technological gap and lag behind foreign developments. Russia managed to survive the short-term period of economic sanctions with significant, but not extremely large losses. Much more acute consequences can affect in the medium term, unless vigorous steps are taken to import substitution and modernization of oil and gas production and processing.

Venezuela 1999–2014: Macro-Policy, Oil Governance and Economic Performance

OpenAIRE

Leonardo Vera

2015-01-01

During the administration of President Chavez, Venezuela registered some celebrated and encouraging socio-economic achievements, however; in the macroeconomic realm the country underperformed compared with other countries in Latin America of a similar size. The country, for instance, did not manage to avoid recurrent external crisis, suffered from unprecedented net transfers of financial resources abroad and, despite the oil windfall, has not accumulated a strong level of defensive internatio...

Screening Criteria and Considerations of Offshore Enhanced Oil Recovery

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Pan-Sang Kang

2016-01-01

Full Text Available The application of enhanced oil recovery (EOR in offshore oil fields has received significant attention due to the potentially enormous amount of recoverable oil. However, EOR application offshore is in its very early stage due to conditions that are more complex than onshore oil fields, owing to the unique parameters present offshore. Therefore, successful EOR applications in offshore oil fields require different screening criteria than those for conventional onshore applications. A comprehensive database for onshore applications of EOR processes together with a limited offshore EOR application database are analyzed in this paper, and the important parameters for successful offshore application are incorporated into the new EOR screening criteria. In this paper, screening criteria to determine acceptable EOR processes for offshore fields, including hydrocarbon gas miscible, CO2 miscible, and polymer processes, are presented. Suggested screening criteria for these EOR processes comprise quantitative boundaries and qualitative considerations. Quantitative screening criteria are predominantly based on quantifiable data, such as oil and reservoir properties. Qualitative screening considerations mainly focus on the operational issues present offshore, including platform space constraints, limited disposal options, injectant availability, and flow assurance matters (including hydrate formation and difficulties in emulsion separation.

Market potential of solar thermal enhanced oil recovery-a techno-economic model for Issaran oil field in Egypt

Science.gov (United States)

Gupta, Sunay; Guédez, Rafael; Laumert, Björn

2017-06-01

fields. The model was developed for steam flooding requirements in Issaran oil field using DYESOPT, KTH's in-house tool for techno-economic modelling in CSP.

Techno-economic analysis of the coal-to-olefins process in comparison with the oil-to-olefins process

International Nuclear Information System (INIS)

Xiang, Dong; Qian, Yu; Man, Yi; Yang, Siyu

2014-01-01

Highlights: • Present the opportunities and challenges of coal-to-olefins (CTO) development. • Conduct a techno-economic analysis on CTO compared with oil-to-olefins (OTO). • Suggest approaches for improving energy efficiency and economic performance of CTO. • Analyze effects of plant scale, feedstock price, CO 2 tax on CTO and OTO. - Abstract: Olefins are one of the most important oil derivatives widely used in industry. To reduce the dependence of olefins industry on oil, China is increasing the production of olefins from alternative energy resources, especially from coal. This study is concerned with the opportunities and obstacles of coal-to-olefins development, and focuses on making an overall techno-economic analysis of a coal-to-olefins plant with the capacity of 0.7 Mt/a olefins. Comparison is made with a 1.5 Mt/a oil-to-olefins plant based on three criteria including energy efficiency, capital investment, and product cost. It was found that the coal-based olefins process show prominent advantage in product cost because of the low price of its feedstock. However, it suffers from the limitations of higher capital investment, lower energy efficiency, and higher emissions. The effects of production scale, raw material price, and carbon tax were varied for the two production routes, and thus the operational regions were found for the coal-to-olefins process to be competitive

Chinese refining capacity for Canadian heavy oil

International Nuclear Information System (INIS)

Bruce, G.W.

2006-01-01

This paper discussed China's refining capacity in relation to exports of Canadian heavy oil. Demand for oil is increasing throughout the world, and China is expected to consume 25 per cent of the projected yearly oil supplies. Alberta currently has an estimated 174 billion barrels of recoverable bitumen, and produces 1.06 million barrels per day. Production is expected to increase to 4.5 million barrels per day by the year 2020. Currently bitumen blends are refined and diluted with naphtha and sweet synthetic crude oil. Bitumen is a challenging feedstock for refineries, and requires thermal production methods or gasification processes. Primary conversion into sour synthetic crude is typically followed by hydrocracking and further refining into finished petroleum products. There are currently 50 refineries in China with a 7.4 million barrel per day capacity. Coastal refineries using imported crude oil have a 4 million barrel per day capacity. New facilities are being constructed and existing plants are being upgraded in order to process heavier and more sour crude oils. However, current refining capabilities in Chinese refineries have a limited ability for resid conversion. It was concluded that while China has a refining infrastructure, only refineries on the coast will use oil sands-derived feedstocks. However, there are currently opportunities to design refineries to match future feedstocks. tabs., figs

Economic impacts of natural resources on a regional economy: the case of the pre-salt oil discoveries in Espirito Santo, Brazil

Directory of Open Access Journals (Sweden)

Eduardo Amaral Haddad

2014-03-01

Full Text Available The Brazilian government has recently confirmed the discovery of a huge oil and natural gas field in the pre-salt layer of the country’s southeastern coast. It has been said that the oil fields can boost Brazil’s oil production and turn the country into one of the largest oil producers in the world. The fields are spatially concentrated in the coastal areas of a few Brazilian states that may directly benefit from oil production. This paper uses an interregional computable general equilibrium model to assess the impacts of pre-salt on the economy of the State of Espírito Santo, a region already characterized by an economic base that is heavily reliant on natural resources. We focus our analysis on the structural economic impacts on the local economy

Hydrotreatment of pyrolysis oils from biomass. Reactivity of the various categories of oxygenated compounds and preliminary techno-economical study

Energy Technology Data Exchange (ETDEWEB)

Grange, P.; Laurent, E.; Maggi, R.; Centeno, A.; Delmon, B. [Unite de Catalyse et Chimie des Materiaux Divises, Universite Catholique de Louvain, Louvain-la-Neuve (Belgium)

1996-05-31

This paper describes essential aspects of the hydrotreatment of pyrolytic oils in the light of results obtained until now at the Universite Catholique de Louvain. Stability of pyrolysis oils necessitates a two-step processing. A low temperature hydrotreatment enables stabilization through reactions like olefin, carbonyl and carboxylic groups reduction. Further hydrotreatment aims at hydrodeoxygenation of phenols and hydrocracking of larger molecules. Results about catalysts, reaction conditions and parameters enabling or influencing the control of the reaction are summarized. Based on these laboratory data, a preliminary techno-economical evaluation is made. 50 wt.-% yields in hydrocarbons for deep hydrorefining of pyrolysis oils can be expected. Nevertheless, a moderate hydroconversion with partial elimination of oxygen would be, economically, more advantageous

U.S. Geological Survey 2011 assessment of undiscovered oil and gas resources of the Cook Inlet region, south-central Alaska

Science.gov (United States)

Stanley, Richard G.; Pierce, Brenda S.; Houseknecht, David W.

2011-01-01

The U.S. Geological Survey (USGS) has completed an assessment of the volumes of undiscovered, technically recoverable oil and gas resources in conventional and continuous accumulations in Cook Inlet. The assessment used a geology-based methodology and results from new scientific research by the USGS and the State of Alaska, Department of Natural Resources, Division of Geological and Geophysical Surveys and Division of Oil and Gas (DOG). In the Cook Inlet region, the USGS estimates mean undiscovered volumes of nearly 600 million barrels of oil, about 19 trillion cubic feet of gas, and about 46 million barrels of natural gas liquids.

Economic and technical considerations on the use of vegetable oils as fuel substitute for diesel oil; Consideracoes economicas e tecnicas sobre o uso de oleos vegetais combustiveis como substituto de oleo diesel

Energy Technology Data Exchange (ETDEWEB)

Mourad, Anna Lucia [Universidade Estadual de Campinas (DE/FEM/UNICAMP), SP (Brazil). Fac. de Engenharia Mecanica. Dept. de Energia], Email: anna@ital.sp.gov.br

2006-07-01

The introduction of bio diesel in the Brazilian energy matrix has been mainly motivated by the governmental actions, which foresees social and economical development to the country in a program that allows the use of different oil seed crops as raw materials for biofuels production. Cost estimates considering the average price received by the farmer and the oil content of each vegetable shows that the minimum cost of bio fuel was about 1,1(castor bean); 1,8(peanut); 2,0(soy beans); 3,3(corn) higher than the average cost of fossil diesel from 1975 to 2004. Among the evaluated raw materials, only the palm oil had inferior cost compared to the petroleum diesel (0.6%). The oleaginous plants that have a higher oil content and smaller agricultural production cost to produce bio fuels are economically most feasible and they should be prioritized in the government program so that it may become economically sustainable along the years, as well as generate adequate profit to the farmers of each culture. The feasibility of National Program for Biofuels Use and Production and both economical and environmental aspects should also consider the destination of the main by-products of the biofuel productive chain such as the left over cakes after extraction of the oil and glycerine produced during the transesterification process. (author)

Impact of oil prices, economic diversification policies and energy conservation programs on the electricity and water demands in Kuwait

International Nuclear Information System (INIS)

Wood, Michael; Alsayegh, Osamah A.

2014-01-01

This paper describes the influences of oil revenue and government's policies toward economic developments and energy efficiency on the electricity and water demands. A Kuwait-specific electricity and water demand model was developed based on historic data of oil income, gross domestic product (GDP), population and electric load and water demand over the past twelve years (1998–2010). Moreover, the model took into account the future mega projects, annual new connected loads and expected application of energy conservation programs. It was run under six circumstances representing the combinations of three oil income scenarios and two government action policies toward economic diversification and energy conservation. The first government policy is the status quo with respect to economic diversification and applying energy conservation programs. The second policy scenario is the proactive strategy of raising the production of the non-oil sector revenue and enforcing legislations toward energy demand side management and conservation. In the upcoming 20 years, the average rates of change of the electric load and water demand increase are 0.13 GW and 3.0 MIGD, respectively, per US dollar oil price increase. Moreover, through proactive policy, the rates of average load and water demand decrease are 0.13 GW and 2.9 MIGD per year, respectively. - Highlights: • Kuwait-specific electricity and water demand model is presented. • Strong association between oil income and electricity and water demands. • Rate of change of electric load per US dollar oil price change is 0.13 GW. • Rate of change of water demand per US dollar oil price change is 3.0 MIGD. • By 2030, efficiency lowers electric load and water demand by 10 and 6%, respectively

Oil prices remain firm, despite economic slump

International Nuclear Information System (INIS)

Brady, Aaron; Giesecke Linda

2002-01-01

Despite all the evidence of sluggish economic growth throughout the world this year, WTI crude oil prices have averaged about $24/bbl year-to-date. Although prices have been lower than year-ago levels, they're a far cry from the lows that occurred in 1998 and at the beginning of 1999. Mounting tensions in the Middle East have given crude prices support. While the market has taken these tensions into account since the beginning of the year, more recent concerns about a possible U.S military conflict with Iraq have added a larger war premium to crude prices. Note that the halt of Iraqi exports itself may not be as detrimental as perceived, since these exports could easily be replaced by OPEC's excess capacity. In part, we have already seen a reduction in Iraqi exports this year due to a pricing dispute

The oil barrel price

International Nuclear Information System (INIS)

Blondy, J.; Papon, P.

2009-01-01

This paper proposes an overview and a prospective glance on the oil barrel price. It indicates the relevant indicators: Brent quotation, euro/dollar parity, economic activity indicators, world oil consumption distribution, crude oil production, refining capacity. It briefly presents the involved stake holders: crude oil producers, oil refiners, refined product dealers, and the OPEC. It discusses the major retrospective trends: evolution in relationship with geopolitical events and energy policies, strong correlation between oil demand and economic growth, prevalence of OPEC, growing importance of national oil companies. An emerging trend is noticed: growing role of emerging countries on the crude market. Some prospective issues are discussed: duration and intensity of economic recession, separation between economic growth and energy consumption, pace and ambition level of policies of struggle against climate change, exploitable resources, and geopolitical hazards. Four evolution hypotheses are discussed

Non-Edible Plant Oils as New Sources for Biodiesel Production

Directory of Open Access Journals (Sweden)

M. Rafiqul Islam

2008-02-01

Full Text Available Due to the concern on the availability of recoverable fossil fuel reserves and the environmental problems caused by the use those fossil fuels, considerable attention has been given to biodiesel production as an alternative to petrodiesel. However, as the biodiesel is produced from vegetable oils and animal fats, there are concerns that biodiesel feedstock may compete with food supply in the long-term. Hence, the recent focus is to find oil bearing plants that produce non-edible oils as the feedstock for biodiesel production. In this paper, two plant species, soapnut (Sapindus mukorossi and jatropha (jatropha curcas, L. are discussed as newer sources of oil for biodiesel production. Experimental analysis showed that both oils have great potential to be used as feedstock for biodiesel production. Fatty acid methyl ester (FAME from cold pressed soapnut seed oil was envisaged as biodiesel source for the first time. Soapnut oil was found to have average of 9.1% free FA, 84.43% triglycerides, 4.88% sterol and 1.59% others. Jatropha oil contains approximately 14% free FA, approximately 5% higher than soapnut oil. Soapnut oil biodiesel contains approximately 85% unsaturated FA while jatropha oil biodiesel was found to have approximately 80% unsaturated FA. Oleic acid was found to be the dominant FA in both soapnut and jatropha biodiesel. Over 97% conversion to FAME was achieved for both soapnut and jatropha oil.

Economic Analysis of Diesel-Fuel Replacement by Crude Palm Oil in Indonesian Power Plants

Directory of Open Access Journals (Sweden)

Petr Procházka

2018-02-01

Full Text Available Indonesia needs to find an alternative fuel to substitute diesel in their power plants in order to reduce the use of nonrenewable energy sources. The Indonesian government has a target to reduce oil fuel consumption while improving the efficiency of energy utilization. Crude palm oil is proposed to be used for this substitution. In this paper, the authors conduct an economic analysis of the replacement of diesel by crude palm oil. To predict future prices, a time series analysis is conducted using AutoRegressive Integrated Moving-Average method. A financial analysis of a specific project (0.75-MW power plant is conducted using static financial indicators (payback period, return on investment. Results show that replacing diesel with crude palm oil may be profitable. This is especially true for the proposed prospects of diesel price evolution. Analysis shows that the price of crude oil, which is the main factor in the pricing of diesel, may go up. Also, recently Indonesian currency depreciated against the US dollar, which also implies a higher cost of diesel.

Mild Biomass Liquefaction Process for Economic Production of Stabilized Refinery-Ready Bio-oil

Energy Technology Data Exchange (ETDEWEB)

Gangwal, Santosh [Southern Research, Durham, NC (United States); Meng, Jiajia [Southern Research, Durham, NC (United States); McCabe, Kevin [Southern Research, Durham, NC (United States); Larson, Eric [Princeton Univ., NJ (United States). Princeton Environmental Inst.; Mastro, Kelly [Southern Research, Durham, NC (United States)

2016-04-25

Southern Research (SR) in cooperation with U.S. Department of Energy (DOE), Bioenergy Technology Office (BETO), investigated a biomass liquefaction process for economic production of stabilized refinery-ready bio-oil. The project was awarded by DOE under a Funding Opportunity Announcement (DE-FOA-0000686) for Bio-oil Stabilization and Commoditization that intended to evaluate the feasibility of using bio-oil as a potential feedstock in an existing petroleum refinery. SR investigated Topic Area 1 of the FOA at Technology Readiness Level 2-3 to develop thermochemical liquefaction technologies for producing a bio-oil feedstock from high-impact biomass that can be utilized within a petroleum refinery. Bio-oil obtained from fast pyrolysis of biomass is a green intermediate that can be further upgraded into a biofuel for blending in a petroleum refinery using a hydro-deoxygenation (HDO) route. Co-processing pyrolysis bio-oil in a petroleum refinery is an attractive approach to leverage the refinery’s existing capital. However, the petroleum industry is reluctant to accept pyrolysis bio-oil because of a lack of a standard definition for an acceptable bio-oil feedstock in existing refinery processes. Also per BETO’s multiyear program plan, fast pyrolysis-based bio-fuel is presently not cost competitive with petroleum-based transportation fuels. SR aims to develop and demonstrate a cost-effective low-severity thermal liquefaction and hydrodeoxygenation (HDO) process to convert woody biomass to stabilized bio-oils that can be directly blended with hydrotreater input streams in a petroleum refinery for production of gasoline and/or diesel range hydrocarbons. The specific project objectives are to demonstrate the processes at laboratory scale, characterize the bio-oil product and develop a plan in partnership with a refinery company to move the technology towards commercialization.

Preliminary economic assessment of the use of waste frying oils for biodiesel production in Beirut, Lebanon.

Science.gov (United States)

Fawaz, Elyssa G; Salam, Darine A

2018-05-15

In this study, a method for assessing the costs of biodiesel production from waste frying oils in Beirut, Lebanon, was investigated with the aim of developing an economic evaluation of this alternative. A hundred restaurant and hotel enterprises in Beirut were surveyed for promoting them in participating in the biodiesel supply chain, and for data collection on waste frying oils generation, disposal methods and frequency, and acquisition cost. Also, waste frying oils were collected and converted into biodiesel using a one-step base catalyzed transesterification process. Physicochemical characteristics of the produced biodiesel were conforming to international standards. Data produced from laboratory scale conversion of waste frying oils to biodiesel, as well as data collected from the only biodiesel plant in Lebanon was used to determine the production cost of biodiesel. Geographic Information System was used to propose a real-time vehicle routing model to establish the logistics costs associated with waste frying oils collection. Comparing scenarios of the configuration collection network of waste frying oils, and using medium-duty commercial vehicles for collection, a logistics cost of US$/L 0.08 was optimally reached. For the calculation of the total cost of biodiesel production, the minimum, average, and maximum values for the non-fixed cost variables were considered emerging 81 scenarios for possible biodiesel costs. These were compared with information on the commercialization of diesel in Lebanon for the years 2011 through 2017. Although competitive with petroleum diesel for years 2011 to 2014, the total biodiesel cost presented less tolerance to declining diesel prices in the recent years. Sensitivity analysis demonstrated that the acquisition cost of waste frying oils is the key factor affecting the overall cost of biodiesel production. The results of this study validate the economic feasibility of waste frying oils' biodiesel production in the studied

Calculation of economic viability and environmental costs of biomass from dende oil for small communities of Brazilian northeast region

International Nuclear Information System (INIS)

Stecher, Luiza C.; Pacheco, Rafael R.; Sabundjian, Gaiane

2015-01-01

The current environmental problems caused by human activity has been gaining attention in society, i.e., as it has influenced in the growth and development of the global economic. The availability of energy resources is central point to economic development and the generation of energy is responsible for a significant portion of the emissions causing the greenhouse effect nowadays. The Brazil, a developing country, still has a large number of people without access to electricity, which affects the quality of life of individuals. In this context, it should think in the sustainable economic development, so the alternative energy sources emerge as an option for power generation. Can highlight biomass as a source in the Brazilian scenario by its wide availability and variety. Therefore, the objective of this work is to estimate the economic viability of the decentralized generation of electricity based on the use of biomass from dende oil in small communities in the Brazilian Northeast considering the environmental costs involved for the source in question. The methodology is based on economic concepts and economic evaluation of environmental resources. The biomass from dende oil was adopted in this work by its characteristics and availability in the studied region. The results show that the generation of energy by biomass from dende oil, it will contribute significantly to the sustainable development of the region, already that it will bring gains environmental, social and financial to society. (author)

Calculation of economic viability and environmental costs of biomass from dende oil for small communities of Brazilian northeast region

Energy Technology Data Exchange (ETDEWEB)

Stecher, Luiza C.; Pacheco, Rafael R.; Sabundjian, Gaiane, E-mail: luizastecher@usp.br, E-mail: rafaelrade@gmail.com, E-mail: gdjian@ipen.br [Instituto de Pesquisas Energeticas e Nucleares (IPEN/CNEN-SP), Sao Paulo, SP (Brazil)

2015-07-01

The current environmental problems caused by human activity has been gaining attention in society, i.e., as it has influenced in the growth and development of the global economic. The availability of energy resources is central point to economic development and the generation of energy is responsible for a significant portion of the emissions causing the greenhouse effect nowadays. The Brazil, a developing country, still has a large number of people without access to electricity, which affects the quality of life of individuals. In this context, it should think in the sustainable economic development, so the alternative energy sources emerge as an option for power generation. Can highlight biomass as a source in the Brazilian scenario by its wide availability and variety. Therefore, the objective of this work is to estimate the economic viability of the decentralized generation of electricity based on the use of biomass from dende oil in small communities in the Brazilian Northeast considering the environmental costs involved for the source in question. The methodology is based on economic concepts and economic evaluation of environmental resources. The biomass from dende oil was adopted in this work by its characteristics and availability in the studied region. The results show that the generation of energy by biomass from dende oil, it will contribute significantly to the sustainable development of the region, already that it will bring gains environmental, social and financial to society. (author)

Revising the potential of large-scale Jatropha oil production in Tanzania: An economic land evaluation assessment

International Nuclear Information System (INIS)

Segerstedt, Anna; Bobert, Jans

2013-01-01

Following up the rather sobering results of the biofuels boom in Tanzania, we analyze the preconditions that would make large-scale oil production from the feedstock Jatropha curcas viable. We do this by employing an economic land evaluation approach; first, we estimate the physical land suitability and the necessary inputs to reach certain amounts of yields. Subsequently, we estimate costs and benefits for different input-output levels. Finally, to incorporate the increased awareness of sustainability in the export sector, we introduce also certification criteria. Using data from an experimental farm in Kilosa, we find that high yields are crucial for the economic feasibility and that they can only be obtained on good soils at high input rates. Costs of compliance with certification criteria depend on site specific characteristics such as land suitability and precipitation. In general, both domestic production and (certified) exports are too expensive to be able to compete with conventional diesel/rapeseed oil from the EU. Even though the crop may have potential for large scale production as a niche product, there is still a lot of risk involved and more experimental research is needed. - Highlights: ► We use an economic land evaluation analysis to reassess the potential of large-scale Jatropha oil. ► High yields are possible only at high input rates and for good soil qualities. ► Production costs are still too high to break even on the domestic and export market. ► More research is needed to stabilize yields and improve the oil content. ► Focus should be on broadening our knowledge-base rather than promoting new Jatropha investments

Energy-economic life cycle assessment (LCA) and greenhouse gas emissions analysis of olive oil production in Iran

International Nuclear Information System (INIS)

Rajaeifar, Mohammad Ali; Akram, Asadolah; Ghobadian, Barat; Rafiee, Shahin; Heidari, Mohammad Davoud

2014-01-01

In this study the energy and economic flows and greenhouse gas (GHG) emissions of olive oil production in Iran were investigated in terms of a life cycle assessment with considering four main stages of agricultural olive production, olive transportation, olive oil extraction and its oil transportation to the customer centers. Data was collected from 150 olive growers in Guilan province of Iran. Results revealed that the total energy consumption through the olive oil life cycle was 20 344 MJ ha −1 while the mass-based allocation method results indicated that the total energy consumption was 8035 MJ ha −1 . The total energy output was estimated as 23 568 MJ ha −1 . The total GHG emissions was estimated to 1333 kg ha −1 (CO 2 eq) while the mass-based allocation method results indicated that the total GHG emissions was 525 kg ha −1 (CO 2 eq). The agricultural production stage ranked the first in GHG emissions among the four stages with the share of 93.81% of total GHG emissions. Results of econometric model estimation revealed that the impact of human labor, farmyard manure and electricity on olive oil yield and the impact of electricity and chemical fertilizers on GHG emissions were significantly positive. - Highlights: • Energy and economic flows and GHG emissions of olive oil production in Iran were investigated. • The total energy consumption of olive oil production was calculated as 20 344 MJ ha −1 . • The mass-based allocation showed the energy consumption of olive oil production was 8035 MJ ha −1 . • The total GHG emissions of olive oil production was 1333 kg ha −1 (CO 2 eq). • The mass-based allocation showed the total GHG emissions of olive oil production was 525 kg ha −1 (CO 2 eq)

Assessment of undiscovered oil and gas resources in the Cretaceous Nanushuk and Torok Formations, Alaska North Slope, and summary of resource potential of the National Petroleum Reserve in Alaska, 2017

Science.gov (United States)

Houseknecht, David W.; Lease, Richard O.; Schenk, Christopher J.; Mercier, Tracey J.; Rouse, William A.; Jarboe, Palma B.; Whidden, Katherine J.; Garrity, Christopher P.; Lewis, Kristen A.; Heller, Samuel; Craddock, William H.; Klett, Timothy R.; Le, Phuong A.; Smith, Rebecca; Tennyson, Marilyn E.; Gaswirth, Stephanie B.; Woodall, Cheryl A.; Brownfield, Michael E.; Leathers-Miller, Heidi M.; Finn, Thomas M.

2017-12-22

The U.S. Geological Survey estimated mean undiscovered, technically recoverable resources of 8.7 billion barrels of oil and 25 trillion cubic feet of natural gas (associated and nonassociated) in conventional accumulations in the Cretaceous Nanushuk and Torok Formations in the National Petroleum Reserve in Alaska, adjacent State and Native lands, and State waters. The estimated undiscovered oil resources in the Nanushuk and Torok Formations are significantly higher than previous estimates, owing primarily to recent, larger than anticipated oil discoveries.

Technical-economic parameters of the new oil shale mining-chemical complex in Northeast Estonia

International Nuclear Information System (INIS)

Kuzmiv, I.; Fraiman, J.

2006-01-01

The history of oil shale mining in Estonia has reached its century mark. Three oil shale branches have been formed and have been working on the basis of Estonian oil shale deposits: the mining industry (underground and surface extraction), the power industry (heat and electric energy generation), and the chemical industry (gas and synthetic oils). The authors attempted to summarize the experience of the activities of these branches and to make into a whole the results of their research developments in the past years, as well as to form a notion about perspectives of oil shale in Estonia. Variants of the mining-chemical oil shale complex production and trade patterns differed from used ones. Mining methods, thermal processing of oil shale, and solid, liquid, and gas waste recovery have been studied, analyzed, and worked out up to the present. Setting up a flexible trade structure within the framework of that complex is considered the main economic mechanism capable of balancing production costs of such a complex with its earnings, which could respond properly to any, even peak, fluctuations of the market for final products processed from oil shale. Data of the working 'Estonia' oil shale mine were used as the basis of the analysis and practical conclusions. Information on the mine being projected in the region of Ojamaa in the northeast of Estonia was taken as the data of the worthwhile supplier. Oil shale processing chemical complex is considered in two structural alternatives: in technological chain with the 'Estonia' mine (the first variant), and the projected mine of a new technical level (the second variant). (author)

The economic growth and development in Angola since the oil exploration; O crescimento economico e o desenvolvimento em Angola apos a exploracao do petroleo

Energy Technology Data Exchange (ETDEWEB)

Pandini, Adriano Lirio; Machado, Tayonara Damasceno [Centro Universitario Vila Velha (UVV), ES (Brazil)

2008-07-01

The present article highlights a few relevant points in connection to the high index of economic growth in Angola and the exploration of oil in the region. Presenting accordingly a quick overview of the historic evolution of oil research in Angola to identify the beginning of oil exploration and its present production capacity. Therefore, it appoints also the economic growth characteristics limited to the oil sector and its implications to the economic, structural and human development in Angola. Thus, it will be taken under consideration the positive and negative impacts of the exploration of oil to Angola's economy. As a result, it will be considered the social situation in the region related to the economic growth presenting arguments to improve the structural and social development capacity of the country by taking advantage of the highest of oil production and exportation and its revenue. Also, it will be observed the human development evolution progress of Angola utilizing the indicator Human Development Index (HDI) from the United Nations. Therefore it intents to outline the necessity of investing in non extractive sectors of the economy with the purpose of creating this way a more diversification of production and to stimulate its exports participation minimizing the Commercial Balance dependency of the oil sector to keep up the superavit. And as a conclusion, its has been taken into account political government reform to fight corruption known to be in fact a obstacle to the development of a country. (author)

Oil industry in Uganda: The socio-economic effects on the people of Kabaale Village, Hoima, and Bunyoro region in Uganda

Science.gov (United States)

Kyomugasho, Miriam

This thesis examines the socio-economic effects of oil industry on the people of Kabaale Village, Hoima, and Bunyoro region in Uganda. The thesis analyses the current political economy of Uganda and how Uganda is prepared to utilize the proceeds from the oil industry for the development of the country and its people. In addition, the research examines the effects of industry on the people of Uganda by analyzing how the people of Kabaale in Bunyoro region were affected by the plans to construct oil refinery in their region. This field research was done using qualitative methods and the Historical Materialism theoretical framework guided the study. The major findings include; displacement of people from land especially women, lack of accountability from the leadership, and less citizen participation in the policy formulation and oil industry. Ugandans, East Africans and the wider Pan-African world need to re-organize their socio-economic structure to enable people own means of production; participate and form labor organizations. Additionally, there is a need for oil producing African countries to unite and setup and oil fund for resources and investment instead of relying on foreign multinationals or become rentier states.

RoadRail: An economically viable infrastructure which facilitates the transition from oil to electricity for all forms of road transport

DEFF Research Database (Denmark)

Connolly, David

2012-01-01

to convert road transport from oil to electricity. This involves the electrification of major roads so that electric cars, vans, busses, and trucks can use electricity as their primary fuel over long distance, which in this study is referred to as ‘RoadRail’. This is a new and radical alternative......In recent decades, economic renewable energy technologies have been developed for the electricity and heat sectors. Although there has been some development in the transport sector, there is still no well-establish sustainable alternatives to oil. In this study, a new alternative is proposed...... and electricity/oil costs, Denmark is presented as a case study for the installation of RoadRail. The results indicate that based on 2020 cost assumptions, RoadRail is a more socio-economic alternative than a business-as-usual using oil. This is primarily due to decreasing electric vehicle costs, decreasing...

Oil Spills

Science.gov (United States)

Oil spills often happen because of accidents, when people make mistakes or equipment breaks down. Other causes include natural disasters or deliberate acts. Oil spills have major environmental and economic effects. Oil ...

SiO2@FeSO4 nano composite: A recoverable nano-catalyst for eco-friendly synthesis oximes of carbonyl compounds

Directory of Open Access Journals (Sweden)

Mostafa Karimkoshteh

2016-01-01

Full Text Available Various aldoximes and ketoximes synthesis of corresponding aldehydes and ketones in the presence of SiO2@FeSO4 nano composite as recoverable nano catalyst and NH2OH·HCl. The SiO2@FeSO4 nano composite system was carried out between 10 to 15 min in oil bath (70-80 °C under solvent-free condition in excellent yields in addition this protocol can be used for industrial scales. This method offers some advantages in term of clean reaction conditions, easy work-up procedure, short reaction time, applied to convert α-diketones to α-diketoximes (as longer than other carbonyl compounds, α,β-unsaturated aldehydes and ketones to corresponding oximes and suppression of any side product. So we think that NH2OH•HCl/SiO2@FeSO4 nano composite system could be considered a new and useful addition to the present methodologies in this area. Structure of products and nano composite elucidation was carried out by 1H NMR, 13C NMR, FT-IR, scanning electron microscopy (SEM.

Non-tenera Contamination and the Economic Impact of SHELL Genetic Testing in the Malaysian Independent Oil Palm Industry.

Science.gov (United States)

Ooi, Leslie C-L; Low, Eng-Ti L; Abdullah, Meilina O; Nookiah, Rajanaidu; Ting, Ngoot C; Nagappan, Jayanthi; Manaf, Mohamad A A; Chan, Kuang-Lim; Halim, Mohd A; Azizi, Norazah; Omar, Wahid; Murad, Abdul J; Lakey, Nathan; Ordway, Jared M; Favello, Anthony; Budiman, Muhammad A; Van Brunt, Andrew; Beil, Melissa; Leininger, Michael T; Jiang, Nan; Smith, Steven W; Brown, Clyde R; Kuek, Alex C S; Bahrain, Shabani; Hoynes-O'Connor, Allison; Nguyen, Amelia Y; Chaudhari, Hemangi G; Shah, Shivam A; Choo, Yuen-May; Sambanthamurthi, Ravigadevi; Singh, Rajinder

2016-01-01

Oil palm (Elaeis guineensis) is the most productive oil bearing crop worldwide. It has three fruit forms, namely dura (thick-shelled), pisifera (shell-less) and tenera (thin-shelled), which are controlled by the SHELL gene. The fruit forms exhibit monogenic co-dominant inheritance, where tenera is a hybrid obtained by crossing maternal dura and paternal pisifera palms. Commercial palm oil production is based on planting thin-shelled tenera palms, which typically yield 30% more oil than dura palms, while pisifera palms are female-sterile and have little to no palm oil yield. It is clear that tenera hybrids produce more oil than either parent due to single gene heterosis. The unintentional planting of dura or pisifera palms reduces overall yield and impacts land utilization that would otherwise be devoted to more productive tenera palms. Here, we identify three additional novel mutant alleles of the SHELL gene, which encode a type II MADS-box transcription factor, and determine oil yield via control of shell fruit form phenotype in a manner similar to two previously identified mutant SHELL alleles. Assays encompassing all five mutations account for all dura and pisifera palms analyzed. By assaying for these variants in 10,224 mature palms or seedlings, we report the first large scale accurate genotype-based determination of the fruit forms in independent oil palm planting sites and in the nurseries that supply them throughout Malaysia. The measured non-tenera contamination rate (10.9% overall on a weighted average basis) underscores the importance of SHELL genetic testing of seedlings prior to planting in production fields. By eliminating non-tenera contamination, comprehensive SHELL genetic testing can improve sustainability by increasing yield on existing planted lands. In addition, economic modeling demonstrates that SHELL gene testing will confer substantial annual economic gains to the oil palm industry, to Malaysian gross national income and to Malaysian

Application of decline curve analysis to estimate recovery factors for carbon dioxide enhanced oil recovery

Science.gov (United States)

Jahediesfanjani, Hossein

2017-07-17

IntroductionIn the decline curve analysis (DCA) method of estimating recoverable hydrocarbon volumes, the analyst uses historical production data from a well, lease, group of wells (or pattern), or reservoir and plots production rates against time or cumu­lative production for the analysis. The DCA of an individual well is founded on the same basis as the fluid-flow principles that are used for pressure-transient analysis of a single well in a reservoir domain and therefore can provide scientifically reasonable and accurate results. However, when used for a group of wells, a lease, or a reservoir, the DCA becomes more of an empirical method. Plots from the DCA reflect the reservoir response to the oil withdrawal (or production) under the prevailing operating and reservoir conditions, and they continue to be good tools for estimating recoverable hydrocarbon volumes and future production rates. For predicting the total recov­erable hydrocarbon volume, the DCA results can help the analyst to evaluate the reservoir performance under any of the three phases of reservoir productive life—primary, secondary (waterflood), or tertiary (enhanced oil recovery) phases—so long as the historical production data are sufficient to establish decline trends at the end of the three phases.

A healthy reduction in oil consumption and carbon emissions

International Nuclear Information System (INIS)

Higgins, P.A.T.; Higgins, Millicent

2005-01-01

Reliance on oil as an energy source for private transportation produces increasingly unfavorable social, political and environmental conditions including climate change, dependence on foreign oil, and the need for difficult choices between oil production and protection of biological systems. At the same time, the population is increasingly sedentary due largely to our reliance on the automobile for transportation. Adoption and maintenance of healthy weights and healthier lifestyles by substituting walking or biking for short trips currently taken by car could simultaneously improve health and reduce oil consumption and carbon dioxide emissions. We calculate the reduction in oil consumption and carbon dioxide emissions possible in the United States if (1) obese and overweight conditions were eliminated from the adult population through the use of walking or biking for transportation, and (2) individuals between the ages of 10 and 64 adopted previously recommended levels of daily exercise by walking or biking instead of driving. Substantial co-benefits accompany widespread adoption of physical activity. Assuming substitution of cycling for driving, the reduction in gasoline demand is equivalent to 34.9% of current domestic oil consumption. This constitutes considerably more oil than is recoverable from the Arctic National Wildlife Refuge. The concomitant reduction in US carbon dioxide emissions would constitute approximately 10.9% relative to 1990 net US emissions and would be a substantial step toward satisfying the Kyoto Protocol

A healthy reduction in oil consumption and carbon emissions

Energy Technology Data Exchange (ETDEWEB)

Higgins, P.A.T. [Stanford Univ., CA (United States). Dept. of Biological Sciences; Higgins, M. [Michigan Univ., Ann Arbor, MI (United States). School of Public Health

2005-01-01

Reliance on oil as an energy source for private transportation produces increasingly unfavorable social, political and environmental conditions including climate change, dependence on foreign oil, and the need for difficult choices between oil production and protection of biological systems. At the same time, the population is increasingly sedentary due largely to our reliance on the automobile for transportation. Adoption and maintenance of healthy weights and healthier lifestyles by substituting walking or biking for short trips currently taken by car could simultaneously improve health and reduce oil consumption and carbon dioxide emissions. We calculate the reduction in oil consumption and carbon dioxide emissions possible in the United States if (1) obese and overweight conditions were eliminated from the adult population through the use of walking or biking for transportation, and (2) individuals between the ages of 10 and 64 adopted previously recommended levels of daily exercise by walking or biking instead of driving. Substantial co-benefits accompany widespread adoption of physical activity. Assuming substitution of cycling for driving, the reduction in gasoline demand is equivalent to 34.9% of current domestic oil consumption. This constitutes considerably more oil than is recoverable from the Arctic National Wildlife Refuge. The concomitant reduction in US carbon dioxide emissions would constitute approximately 10.9% relative to 1990 net US emissions and would be a substantial step toward satisfying the Kyoto Protocol. (author)

A comparison of the recoverable proportion of methicillin-resistant Staphylococcus aureus from two different types of papers.

Science.gov (United States)

Kacmaz, Birgul; Gul, Serdar

2016-01-01

Paper is used for various purposes in hospitals. Generally, there are two different types of paper, which are commonly used in our facility: wood-free paper, and paper containing wood. We compared the recoverable proportion of methicillin-resistant Staphylococcus aureus (MRSA; ATCC 43300) from the surface of such papers. The papers were divided into two groups: Group 1: wood-free paper; Group 2: paper containing wood. The papers were contaminated in a standardized procedure with 0.1 mL of a 5×10(7) CFU MRSA/mL stock solution. The recoverable proportion of MRSA was higher in the wood-containing papers than in the papers without wood (P=0.043). This study indicates that if paper is purchased for healthcare facilities it should not contain wood, but rather wood-free paper types should be considered.

The economic impact of oil prices

International Nuclear Information System (INIS)

Krymm, R.

1974-01-01

During the last three months of 1973, the tax-paid costs of typical grades of crude petroleum in the main producing areas of the world, around the Persian Gulf, were roughly quadrupled, rising for typical Iranian and Arabian Ugh t crudes from about $1.85 per barrel in September 1973 to more than $7.00 by 1 January 1974, or from approximately $13.30 to more than $50.00 per ton. Since the cost of production represents an insignificantly small fraction of the new cost level (less than 2%) and subject to complex adjustments reflecting varying qualities of crude oils and advantages of geographical location, the producing countries may expect to receive a minimum average revenue of $50.00 per ton of crude oil produced on their territory instead of $12.50. If we ignore the purchases which carried the prices of relatively small amounts of oil to the $100-$150 range, this figure of $50.00 per ton with future adjustments for inflation represents a probable guide line for future cost estimates. The change affects exports of close to 1.4 billion tons of oil and consequently involves an immediate shift of financial resources of close to 60 billion dollars per year from the oil-consuming to the oil-producing countries. Tables 1, 2 and 3 give an idea of the distribution of this burden by main geographical regions and of its possible evolution over the next seven years. The figures involved are so large that comparisons have been made by some authors with the reparations proposals advanced by the Allies at the end of the First World War. It has been pointed out that the market price of a typical quality of crude such as Arabian light had in fact fallen from $1.93 per barrel in 1955 to $1.26 in 1970. When the intervening industrial price inflation is taken into account this means that the price of oil had in fact been divided by 3 during a period when oil consumption was growing at an annual rate of more than 7% and oil was displacing coal as the major fuel of the world. During the

Managing Mexican Oil: Politics or Economics?

Directory of Open Access Journals (Sweden)

Alicia Puyana Mutis

2008-07-01

Full Text Available During decades the policies towards oil and energy implemented in Mexico have resulted in the de pletion of reserves, the explosion of debt of Pemex (90 per cent of its capital, and the dramatic petrolization of the total fiscal revenue. High prices, the war on terror and political instability in oil rich regions have reinforced usA policy of "energy security" and the interest in the creation of the Common Market on Energy, as the way to strengthen the TLCAN. To respond to these two forces Mexico will have to reform its traditional oil policy. All possible options: to reduce the fiscal burden upon Pemex or to open to private investments the exploration of oil have excruciating political costs, which no government has shown the will to confront.

Techno-economic evaluation of biodiesel production from waste cooking oil--a case study of Hong Kong.

Science.gov (United States)

Karmee, Sanjib Kumar; Patria, Raffel Dharma; Lin, Carol Sze Ki

2015-02-18

Fossil fuel shortage is a major challenge worldwide. Therefore, research is currently underway to investigate potential renewable energy sources. Biodiesel is one of the major renewable energy sources that can be obtained from oils and fats by transesterification. However, biodiesel obtained from vegetable oils as feedstock is expensive. Thus, an alternative and inexpensive feedstock such as waste cooking oil (WCO) can be used as feedstock for biodiesel production. In this project, techno-economic analyses were performed on the biodiesel production in Hong Kong using WCO as a feedstock. Three different catalysts such as acid, base, and lipase were evaluated for the biodiesel production from WCO. These economic analyses were then compared to determine the most cost-effective method for the biodiesel production. The internal rate of return (IRR) sensitivity analyses on the WCO price and biodiesel price variation are performed. Acid was found to be the most cost-effective catalyst for the biodiesel production; whereas, lipase was the most expensive catalyst for biodiesel production. In the IRR sensitivity analyses, the acid catalyst can also acquire acceptable IRR despite the variation of the WCO and biodiesel prices.

Explaining the price of oil 1971–2014 : The need to use reliable data on oil discovery and to account for ‘mid-point’ peak

International Nuclear Information System (INIS)

Bentley, Roger; Bentley, Yongmei

2015-01-01

This paper explains, in broad terms, the price of oil from 1971 to 2014 and focuses on the large price increases after 1973 and 2004. The explanation for these increases includes the quantity of conventional oil (i.e. oil in fields) discovered, combined with the decline in production of this oil that occurs typically once ‘mid-point’ is passed. Many past explanations of oil price have overlooked these two constraints, and hence provided insufficient explanations of oil price. Reliable data on conventional oil discovery cannot come from public-domain proved (‘1P’) oil reserves, as such data are very misleading. Instead oil industry backdated proved-plus-probable (‘2P’) data must be used. It is recognised that accessing 2P data can be expensive, or difficult. The ‘mid-point’ peak of conventional oil production results from a region's field-size distribution, its fall-off in oil discovery, and the physics of field decline. In terms of the future price of oil, estimates of the global recoverable resource of conventional oil show that the oil price will remain high on average, unless dramatic changes occur in the volume of production and cost of non-conventional oils, or if the overall demand for oil were to decline. The paper concludes with policy recommendations. - Highlights: • We show that understanding the oil price is assisted by reliable data on oil discovery. • These data need to be combined with the ‘peak at mid-point’ concept. • Results show that the world has probably entered an era of constrained oil supply. • Oil price stays high unless non-conventional supply, or demand, change significantly.

Increasing heavy oil reserves in the Wilmington Oil Field through advanced reservoir characterization and thermal production technologies. Annual report, March 30, 1995--March 31, 1996

Energy Technology Data Exchange (ETDEWEB)

NONE

1997-09-01

The objective of this project is to increase heavy oil reserves in a portion of the Wilmington Oil Field, near Long Beach, California, by implementing advanced reservoir characterization and thermal production technologies. Based on the knowledge and experience gained with this project, these technologies are intended to be extended to other sections of the Wilmington Oil Field, and, through technology transfer, will be available to increase heavy oil reserves in other slope and basin clastic (SBC) reservoirs. The project involves implementing thermal recovery in the southern half of the Fault Block II-A Tar zone. The existing steamflood in Fault Block II-A has been relatively inefficient due to several producibility problems which are common in SBC reservoirs. Inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil, and nonuniform distribution of remaining oil have all contributed to poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated formation sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. A suite of advanced reservoir characterization and thermal production technologies are being applied during the project to improve oil recovery efficiency and reduce operating costs.

The maximum economic depth of groundwater abstraction for irrigation

Science.gov (United States)

Bierkens, M. F.; Van Beek, L. P.; de Graaf, I. E. M.; Gleeson, T. P.

2017-12-01

Over recent decades, groundwater has become increasingly important for agriculture. Irrigation accounts for 40% of the global food production and its importance is expected to grow further in the near future. Already, about 70% of the globally abstracted water is used for irrigation, and nearly half of that is pumped groundwater. In many irrigated areas where groundwater is the primary source of irrigation water, groundwater abstraction is larger than recharge and we see massive groundwater head decline in these areas. An important question then is: to what maximum depth can groundwater be pumped for it to be still economically recoverable? The objective of this study is therefore to create a global map of the maximum depth of economically recoverable groundwater when used for irrigation. The maximum economic depth is the maximum depth at which revenues are still larger than pumping costs or the maximum depth at which initial investments become too large compared to yearly revenues. To this end we set up a simple economic model where costs of well drilling and the energy costs of pumping, which are a function of well depth and static head depth respectively, are compared with the revenues obtained for the irrigated crops. Parameters for the cost sub-model are obtained from several US-based studies and applied to other countries based on GDP/capita as an index of labour costs. The revenue sub-model is based on gross irrigation water demand calculated with a global hydrological and water resources model, areal coverage of crop types from MIRCA2000 and FAO-based statistics on crop yield and market price. We applied our method to irrigated areas in the world overlying productive aquifers. Estimated maximum economic depths range between 50 and 500 m. Most important factors explaining the maximum economic depth are the dominant crop type in the area and whether or not initial investments in well infrastructure are limiting. In subsequent research, our estimates of

Considering extraction constraints in long-term oil price modelling

Energy Technology Data Exchange (ETDEWEB)

Rehrl, Tobias; Friedrich, Rainer; Voss, Alfred

2005-12-15

Apart from divergence about the remaining global oil resources, the peak oil discussion can be reduced to a dispute about the time rate at which these resources can be supplied. On the one hand it is problematic to project oil supply trends without taking both - prices as well as supply costs - explicitly into account. On the other hand are supply cost estimates however itself heavily dependent on the underlying extraction rates and are actually only valid within a certain business-as-usual extraction rate scenario (which itself is the task to determine). In fact, even after having applied enhanced recovery technologies, the rate at which an oil field can be exploited is quite restricted. Above a certain level an additional extraction rate increase can only be costly achieved at risks of losses in the overall recoverable amounts of the oil reservoir and causes much higher marginal cost. This inflexibility in extraction can be overcome in principle by the access to new oil fields. This indicates why the discovery trend may roughly form the long-term oil production curve, at least for price-taking suppliers. The long term oil discovery trend itself can be described as a logistic process with the two opposed effects of learning and depletion. This leads to the well-known Hubbert curve. Several attempts have been made to incorporate economic variables econometrically into the Hubbert model. With this work we follow a somewhat inverse approach and integrate Hubbert curves in our Long-term Oil Price and EXtraction model LOPEX. In LOPEX we assume that non-OPEC oil production - as long as the oil can be profitably discovered and extracted - is restricted to follow self-regulative discovery trends described by Hubbert curves. Non-OPEC production in LOPEX therefore consists of those Hubbert cycles that are profitable, depending on supply cost and price. Endogenous and exogenous technical progress is extra integrated in different ways. LOPEX determines extraction and price

Considering extraction constraints in long-term oil price modelling

International Nuclear Information System (INIS)

Rehrl, Tobias; Friedrich, Rainer; Voss, Alfred

2005-01-01

Apart from divergence about the remaining global oil resources, the peak oil discussion can be reduced to a dispute about the time rate at which these resources can be supplied. On the one hand it is problematic to project oil supply trends without taking both - prices as well as supply costs - explicitly into account. On the other hand are supply cost estimates however itself heavily dependent on the underlying extraction rates and are actually only valid within a certain business-as-usual extraction rate scenario (which itself is the task to determine). In fact, even after having applied enhanced recovery technologies, the rate at which an oil field can be exploited is quite restricted. Above a certain level an additional extraction rate increase can only be costly achieved at risks of losses in the overall recoverable amounts of the oil reservoir and causes much higher marginal cost. This inflexibility in extraction can be overcome in principle by the access to new oil fields. This indicates why the discovery trend may roughly form the long-term oil production curve, at least for price-taking suppliers. The long term oil discovery trend itself can be described as a logistic process with the two opposed effects of learning and depletion. This leads to the well-known Hubbert curve. Several attempts have been made to incorporate economic variables econometrically into the Hubbert model. With this work we follow a somewhat inverse approach and integrate Hubbert curves in our Long-term Oil Price and EXtraction model LOPEX. In LOPEX we assume that non-OPEC oil production - as long as the oil can be profitably discovered and extracted - is restricted to follow self-regulative discovery trends described by Hubbert curves. Non-OPEC production in LOPEX therefore consists of those Hubbert cycles that are profitable, depending on supply cost and price. Endogenous and exogenous technical progress is extra integrated in different ways. LOPEX determines extraction and price

Assessment of oil content and fatty acid composition variability in two economically important Hibiscus species.

Science.gov (United States)

Wang, Ming Li; Morris, Brad; Tonnis, Brandon; Davis, Jerry; Pederson, Gary A

2012-07-04

The Hibiscus genus encompasses more than 300 species, but kenaf (Hibiscus cannabinus L.) and roselle (Hibiscus sabdariffa L.) are the two most economically important species within the genus. Seeds from these two Hibiscus species contain a relatively high amount of oil with two unusual fatty acids: dihydrosterculic and vernolic acids. The fatty acid composition in the oil can directly affect oil quality and its utilization. However, the variability in oil content and fatty acid composition for these two species is unclear. For these two species, 329 available accessions were acquired from the USDA germplasm collection. Their oil content and fatty acid composition were determined by nuclear magnetic resonance (NMR) and gas chromatography (GC), respectively. Using NMR and GC analyses, we found that Hibiscus seeds on average contained 18% oil and seed oil was composed of six major fatty acids (each >1%) and seven minor fatty acids (each Hibiscus cannabinus seeds contained significantly higher amounts of oil (18.14%), palmitic (20.75%), oleic (28.91%), vernolic acids (VA, 4.16%), and significantly lower amounts of stearic (3.96%), linoleic (39.49%), and dihydrosterculic acids (DHSA, 1.08%) than H. sabdariffa seeds (17.35%, 18.52%, 25.16%, 3.52%, 4.31%, 44.72%, and 1.57%, respectively). For edible oils, a higher oleic/linoleic (O/L) ratio and lower level of DHSA are preferred, and for industrial oils a high level of VA is preferred. Our results indicate that seeds from H. cannabinus may be of higher quality than H. sabdariffa seeds for these reasons. Significant variability in oil content and major fatty acids was also detected within both species. The variability in oil content and fatty acid composition revealed from this study will be useful for exploring seed utilization and developing new cultivars in these Hibiscus species.

Chapter 7. The GIS project for the geologic assessment of undiscovered oil and gas in the Cotton Valley group and Travis Peak and Hosston formations, East Texas basin and Louisiana-Mississippi salt basins provinces.

Science.gov (United States)

Biewick, Laura

2006-01-01

A geographic information system (GIS) focusing on the Upper Jurassic-Lower Cretaceous Cotton Valley Group and the Lower Cretaceous Travis Peak and Hosston Formations in the northern Gulf Coast region was developed as a visual-analysis tool for the U.S. Geological Survey's 2002 assessment of undiscovered, technically recoverable oil and natural gas resources in the East Texas Basin and Louisiana-Mississippi Salt Basins Provinces. The Central Energy Resources Team of the U.S. Geological Survey has also developed an Internet Map Service to deliver the GIS data to the public. This mapping tool utilizes information from a database about the oil and natural gas endowment of the United States-including physical locations of geologic and geographic data-and converts the data into visual layers. Portrayal and analysis of geologic features on an interactive map provide an excellent tool for understanding domestic oil and gas resources for strategic planning, formulating economic and energy policies, evaluating lands under the purview of the Federal Government, and developing sound environmental policies. Assessment results can be viewed and analyzed or downloaded from the internet web site, http://energy.cr.usgs.gov/oilgas/noga/ .

TECHNO-ECONOMIC ANALYSIS: PRELIMINARY ASSESSMENT OF PYROLYSIS OIL PRODUCTION COSTS AND MATERIAL ENERGY BALANCE ASSOCIATED WITH A TRANSPORTABLE FAST PYROLYSIS SYSTEM

Directory of Open Access Journals (Sweden)

Phil Badger

2011-02-01

Full Text Available A techno-economic analysis was performed for a 100 dry-ton/day (90,719 kg/day fast pyrolysis transportable plant. Renewable Oil International® LLC provided the life cycle cost of operating a 100 dry-ton/day fast pyrolysis system using southern pine wood chips as feedstock. Since data was not available from an actual large-scale plant, the study examined data obtained from an actual 15 dry-ton/day pilot plant and from several smaller plants. These data were used to obtain base figures to aid in the development of models to generate scaled-up costs for a larger 100 dry-ton/day facility. Bio-oil represented 60% of mass of product yield. The cost for the bio-oil from fast pyrolysis was valued at $0.94/gal. Energy cost bio-oil and char was valued at $6.35/MMBTU. Costs associated with purchasing feedstocks can drastically influence the final cost of the bio-oil. The assumed cost of feedstocks was $25/wet ton or $50/dry ton. This paper is part of a larger study investigating the economic and environmental impacts for producing bio-oil / biocide wood preservatives.

Reserve growth in oil pools of Alberta : model and forecast

Energy Technology Data Exchange (ETDEWEB)

Verma, M.; Cook, T. [United States Geological Survey, Denver, CO (United States). Central Region

2010-09-15

This paper presented a reserve growth study that was conducted on oil pools in Alberta, Canada. Historical oil reserve data were evaluated to assess the potential for future reserve growth in both pools and fields, and reserve growth models and functions were developed to better forecast hydrocarbon volumes. The study also considered the sensitivity of reserve growth to such factors as pool size, porosity, and oil gravity. From 1960 to 2005, the reported known recoverable oil in Alberta, excluding the Athabasca oil sands and including only pools with adequate data, increased from 4.2 to 13.9 billion barrels of oil (BBO). New discoveries contributed 3.7 BBO and reserve growth added 6 BBO. Most reserve growth occurred in pools with more than 125,000 barrels of oil. Light-oil pools account for most of the total known oil volume and consequently showed the lowest growth. Pools with greater than 30 percent porosity grew more than pools with lower porosity reservoirs. Oil field growth was found to be almost twice that of pool growth, possibly because the analysis evaluated fields with two or more pools discovered in different years. The growth in oil volumes in Alberta pools is projected to be about 454 million barrels of oil in the period from 2006 to 2010. Over a 25-year period, the cumulative reserve growth in Alberta oil pools was substantially lower than other major petroleum-producing regions, but the growth at the field level compares well. 8 refs., 2 tabs., 9 figs.

INVESTIGATE TECHNO-ECONOMICAL ASPECTS OF PRESSURE BOOSTING STATIONS TO ENHANCE OIL EXTRACTION IN GACHSARAN

Directory of Open Access Journals (Sweden)

MAHMOOD EGHTESADIFARD

2017-10-01

Full Text Available The purpose of this study is to consider strategies and options for improving the efficiency of the pressure boosting station No. 4 in Gachsaran oil reserve (which is located in south-western of Iran. In order to achieve these objectives, the four rational options from technical and operational views were proposed and then these options went through an economic assessment. Next, by onsidering the other important criteria based on technical conditions (due to the necessity of evaluating other criteria beside economic criterion, decisionmaking techniques were employed. The results of economic evaluation show that the present value of the costs of option 1 is lower than other options and option 2 provides poorer economic status and is ranked last among the recommended options. Therefore, option 1 is 30.5 percent better than option 2. In addition, employing MCDM Technique allocated maximum weight (0.320 to economic evaluation criterion and again option 1 -with the highest weight (0.354- was the best possible option. Regards to purpose of this study, using techno-economical approach leads practitioners to decide based on technical and economic facts simultaneously.

Efficiency Assessment of Economic International Cooperation in Development of Arctic Offshore Oil and Gas Resources

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Polina V. Beresneva

2015-01-01

Full Text Available The research is focused on efficiency assessment of economic cooperation in development of Arctic offshore oil and gas resources. The author developed an economic model based on cost-benefit analysis (CBA. CBA is used in some countries (EU, USA, Australia as an analytic tool to make public policy decisions. CBA is based on the method of discounting cash flows associated with costs and benefits of public policy. It is assumed that all public goals are equally important inter alia, hence public bodies should opt for those initiatives that maximize public benefits for every dollar spent from the state budget. There are five stages of economic modeling: 1 the definition of public benefits and costs associated with the public initiative; 2 monetary valuation of costs and benefits; 3 the definition of discounting period and discounting rate; 4 the calculation of net present value of cash flows; 5 the comparison of initiatives' net present values. The model is built with a number of hypotheses assumed. It allows making evaluation of investments into the technology to decrease the cost of Arctic offshore oil and gas development. Moreover, the model has two scenarios describing a public policy to support technology development with international economic cooperation and without it. Under given hypotheses both scenarios return positive net present value of policies which proves that governmental initiative to support Arctic technology development is economically justified. Also the model sows that the scenario with international cooperation is more efficient from economic point of view. It is explained by two factors: the higher speed of technology transfer (due W international cooperation and the opportunity to use financial leverage (attracting the funds from foreign partners. The model allows closing the existing scientific gap between the theory of CBA method and its practical use in public decision making.

Utah Heavy Oil Program

Energy Technology Data Exchange (ETDEWEB)

J. Bauman; S. Burian; M. Deo; E. Eddings; R. Gani; R. Goel; C.K. Huang; M. Hogue; R. Keiter; L. Li; J. Ruple; T. Ring; P. Rose; M. Skliar; P.J. Smith; J.P. Spinti; P. Tiwari; J. Wilkey; K. Uchitel

2009-10-20

The Utah Heavy Oil Program (UHOP) was established in June 2006 to provide multidisciplinary research support to federal and state constituents for addressing the wide-ranging issues surrounding the creation of an industry for unconventional oil production in the United States. Additionally, UHOP was to serve as an on-going source of unbiased information to the nation surrounding technical, economic, legal and environmental aspects of developing heavy oil, oil sands, and oil shale resources. UHOP fulGilled its role by completing three tasks. First, in response to the Energy Policy Act of 2005 Section 369(p), UHOP published an update report to the 1987 technical and economic assessment of domestic heavy oil resources that was prepared by the Interstate Oil and Gas Compact Commission. The UHOP report, entitled 'A Technical, Economic, and Legal Assessment of North American Heavy Oil, Oil Sands, and Oil Shale Resources' was published in electronic and hard copy form in October 2007. Second, UHOP developed of a comprehensive, publicly accessible online repository of unconventional oil resources in North America based on the DSpace software platform. An interactive map was also developed as a source of geospatial information and as a means to interact with the repository from a geospatial setting. All documents uploaded to the repository are fully searchable by author, title, and keywords. Third, UHOP sponsored Give research projects related to unconventional fuels development. Two projects looked at issues associated with oil shale production, including oil shale pyrolysis kinetics, resource heterogeneity, and reservoir simulation. One project evaluated in situ production from Utah oil sands. Another project focused on water availability and produced water treatments. The last project considered commercial oil shale leasing from a policy, environmental, and economic perspective.

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.

Thermo-Economic Modelling and Process Integration of CO2-Mitigation Options on Oil and Gas Platforms

DEFF Research Database (Denmark)

Nguyen, Tuong-Van; Tock, Laurence; Breuhaus, Peter

2014-01-01

recovering CO2 that can be used for enhanced oil recovery. In this paper, a North Sea platform is considered as case study, and the site-scale retrofit integration of these three options is analysed, considering thermodynamic, economic and environmental performance indicators. The results illustrate......The offshore extraction of oil and gas is an energy-intensive process associated with large CO2 and CH4 emissions to the atmosphere and chemicals to the sea. The taxation of these emissions has encouraged the development of more energy-efficient and environmental-friendly solutions, of which three...

Economic effects of oil and gas development on marine aquaculture leases. Study 17. Final report

International Nuclear Information System (INIS)

Caswell, M.F.

1991-03-01

There are three primary mariculture products grown in California waters: oysters, mussels, and abalone. In total, the California mariculture industry earns revenues of about $6.5 million. Water quality degradation was the primary concern of most growers. Coliform bacteria and pesticide residues are currently threatening several shallow-water sites. Lease holders (and potential lease holders) for deep-water sites state that coliform bacteria from municipal sewer outfalls and offshore oil and gas drilling effluents are the greatest dangers to their profitability. The Southern California Educational Initiative is an attempt to determine whether such concerns are warranted. A simple model of economic externalities was described to highlight the scientific data one must gather so as to choose the optimal production levels for both energy and mariculture resources. That information is necessary to assess the economic consequences to the California mariculture industry of chronic exposure to oil and gas development. The co-development model shows that the marginal (incremental) effects of oil production on mariculture costs needs to be assessed. The model also shows that if the effects are moderated by distance from the point of discharge, such changes must be estimated in order to determine optimal lease boundaries. The report concludes that interdisciplinary cooperation is essential for designing a co-development plan that maximizes the social welfare to be gained from developing multiple coastal resources

Review of bench-, pilot-, and full-scale Orimulsion trademark combustion tests. Report for November 1998--January 1999

International Nuclear Information System (INIS)

Miller, C.A.; Srivastava, R.K.; Hall, R.E.

1999-01-01

During the late 1980s and through the 1990s, a new fossil fuel with the trade name Orimulsion has been marketed by its producer, Petroleos de Venezuela, S.A. (PdVSA), as an alternative to coal and heavy fuel oil. Orimulsion, a bitumen-in-water emulsion, is produced from bitumen extracted from the Cerro Negro field of the Orinoco Belt of eastern Venezuela. Economically recoverable Orinoco bitumen reserves are estimated at 267 billion barrels (oil equivalent) representing approximately 26% of the world's recoverable crude oil reserves and 27% of the US recoverable coal reserves. Orimulsion is produced by Bitumenes Orinoco, S.A. (Bitor), a subsidiary of PdVSA, and derives its name from the combination of Orinoco and emulsion. In 1997, the US Congress directed the Environmental Protection Agency to ''initiate a research activity to provide better scientific data on the qualities and characteristics of this product and the potential environmental impact of its introduction.'' As a first step in conducting this research activity, a review of the available literature on the topic of Orimulsion combustion and emissions was undertaken. The emphasis of this review is on the emissions of air pollutants rather than on the combustion behavior of the fuel, and particular emphasis will be placed on emissions from electric utility power boilers. While the combustion characteristics of Orimulsion will be addressed, it will be addressed primarily from the perspective of its ability to strongly influence the emissions of air pollutants

Distribution and quantitative assessment of world crude oil reserves and resources

Science.gov (United States)

Masters, Charles D.; Root, David H.; Dietzman, William D.

1983-01-01

World Demonstrated Reserves of crude oil are approximately 723 billion barrels of oil (BBO). Cumulative production is 445 BBO and annual production is 20 BBO. Demonstrated Reserves of crude-oil have declined over the past 10 years consistent with discoveries lagging production over the same period. The assessment of Undiscovered Resources shows a 90 percent probability that the amount discoverable lies between 321 and 1,417 BBO, 550 BBO being the most likely value. The most likely value for Ultimate recoverable resources is 1,718 BBO. The distribution of Ultimate Resources of crude oil will remain highly skewed toward the Middle East; no frontier areas that have potentials large enough to significantly affect present distribution are recognized. Rates of discovery have continued to decline over the past 20 years even though exploration activity has increased in recent years. Prudence dictates, therefore, that the low side of the assessment of Undiscovered Resources be responsibly considered and that alternate energy sources be a part of future planning. Extra-heavy oil and bitumen are assessed separately, with Reserves being figured as the annual productive capacity of installed facilities times 25 years. The annual production of extra-heavy oil is about 8 million barrels and of bitumen about 60 million barrels.

The End of Cheap Oil: Economic, Social, and Political Change in the US and Former Soviet Union

Directory of Open Access Journals (Sweden)

Robert K. Kaufmann

2014-09-01

Full Text Available I use the quality and quantity of energy flows to interpret economic, social, and political changes in the US and Former Soviet Union. The economic successes of both the former Soviet Union (FSU and the US reflect an abundant supply of high quality energy. This abundance ended in the 1970s in the US and the 1980s in the Former Soviet Union. In the US, the end of cheap oil caused labor productivity to stagnate, which stopped on-going growth in wages and family incomes. To preserve the American Dream, which holds that each generation will be better off than the one that preceded it, women entered the workforce, income was transferred from saving to consumption, the US economy changed from a net creditor to a net debtor, and debt held by families and the Federal government increased. Despite efforts to hide the income effects, the end of cheap oil also is responsible for increasing income inequality. In the FSU, the end of abundant energy supplies meant that allocating the energy surplus among the domestic economy, subsidized exports to Eastern Europe, and hard currency sales to the West became a zero sum game. This contributed to the collapse of the Council for Mutual Economic Assistance (CMEA alliance and the FSU. If the US is able to extricate itself from personal and governmental debt, solving the social and political concerns about inequality is the next formidable challenge posed by the end of cheap oil.

Large scale carbon dioxide production from coal-fired power stations for enhanced oil recovery : a new economic feasibility study

International Nuclear Information System (INIS)

Tontiwachwuthikul, P.; Chan, C.W.; Kritpiphat, W.; DeMontigny, D.; Skoropad, D.; Gelowitz, D.; Aroonwilas, A.; Mourits, F.; Wilson, M.; Ward, L.

1998-01-01

A study was conducted to investigate the economics of capturing carbon dioxide from coal-fired power plants to be subsequently used as a flooding agent for enhanced oil recovery (EOR) technologies. It was shown that the production of CO 2 for EOR projects can be technically and economically feasible, particularly when the concepts of cogeneration and optimization are used to reduce steam and electricity expenditures. This is done by using low-pressure steam and waste heat from various sections of the power generation process. It was shown that recovery costs could range between $0.50 to $2.00 per mscf. This translates to a recovered oil price of in the range of $17.39 to $19.95 per bbl., suggesting that even at today's low oil prices there is room for CO 2 flooding with flue gas extracted CO 2 . Practical implications for Saskatchewan were examined. 15 refs., 4 tabs., 7 figs

Economics Aspects of Increasing the Oil Price

Directory of Open Access Journals (Sweden)

Grendel Peter

2004-09-01

Full Text Available In paper I describe mainly high price of oil, which has influence on many circumstances. The important effect on growing up the price of oil has situation in Mid-east, and everyday rising consumption of oil in China. Meaningful position have USA, which using 45% of word energy. The problem is particularly in daily mining of lode. In next part i describing aspect of this situation on stock-exchange, mainly behaviour of speculators, and OPEC, and also presure on inflation in Euro-zone. In the last chapter I discuss about reaction of the big world oil concern like CONOCO, SHELL, BP, OMV and MOL.

Oil and resource-backed aggression

International Nuclear Information System (INIS)

Colgan, Jeff

2011-01-01

A common misperception about oil politics is that it has a uniform, monolithic effect on policy development. This paper argues that in fact the net political effect of oil varies dramatically depending on the nature of the petrostate. It shows that oil income, when combined with revolutionary governments in petrostates, generates strong incentives for foreign policy aggression and international conflict. The aggressiveness of petro-revolutionary states is shown to have consequences in both military and economic spheres of international relations. Militarily, the aggressiveness of this type of state leads to a high rate of armed conflicts. Economically, the aggressiveness of petro-revolutionary states shapes global oil markets and international economic relations. The argument is tested using statistical analysis of international conflicts and economic sanctions. The policy implications are then considered, focusing on the negative global impacts of dependence on oil consumption. - Research highlights: → A radical reconsideration of the link between oil and international conflict is needed. → Resource-backed aggression, not resource-competition, is the major source of conflict. → Petro-revolutionary states instigate 250% more military conflicts than typical states. → Petro-revolutionary states are also more frequently targeted for economic sanctions.

A recoverable gas-cell diagnostic for the National Ignition Facility

Energy Technology Data Exchange (ETDEWEB)

Ratkiewicz, A., E-mail: ratkiewicz1@llnl.gov; Berzak Hopkins, L.; Bleuel, D. L.; Cassata, W. S.; Velsko, C. A.; Yeamans, C. B. [Lawrence Livermore National Laboratory, Livermore, California 95440 (United States); Bernstein, L. A.; Bibber, K. van; Goldblum, B. L. [University of California, Berkeley, California 94720 (United States); Siem, S. [University of Oslo, N-0316 Oslo (Norway); Wiedeking, M. [iThemba LABS, Somerset West 7129 (South Africa)

2016-11-15

The high-fluence neutron spectrum produced by the National Ignition Facility (NIF) provides an opportunity to measure the activation of materials by fast-spectrum neutrons. A new large-volume gas-cell diagnostic has been designed and qualified to measure the activation of gaseous substances at the NIF. This in-chamber diagnostic is recoverable, reusable and has been successfully fielded. Data from the qualification of the diagnostic have been used to benchmark an Monte Carlo N-Particle Transport Code simulation describing the downscattered neutron spectrum seen by the gas cell. We present early results from the use of this diagnostic to measure the activation of {sup nat}Xe and discuss future work to study the strength of interactions between plasma and nuclei.

A recoverable gas-cell diagnostic for the National Ignition Facility.

Science.gov (United States)

Ratkiewicz, A; Berzak Hopkins, L; Bleuel, D L; Bernstein, L A; van Bibber, K; Cassata, W S; Goldblum, B L; Siem, S; Velsko, C A; Wiedeking, M; Yeamans, C B

2016-11-01

The high-fluence neutron spectrum produced by the National Ignition Facility (NIF) provides an opportunity to measure the activation of materials by fast-spectrum neutrons. A new large-volume gas-cell diagnostic has been designed and qualified to measure the activation of gaseous substances at the NIF. This in-chamber diagnostic is recoverable, reusable and has been successfully fielded. Data from the qualification of the diagnostic have been used to benchmark an Monte Carlo N-Particle Transport Code simulation describing the downscattered neutron spectrum seen by the gas cell. We present early results from the use of this diagnostic to measure the activation of nat Xe and discuss future work to study the strength of interactions between plasma and nuclei.

Techno-economic comparison of biojet fuel production from lignocellulose, vegetable oil and sugar cane juice.

Science.gov (United States)

Diederichs, Gabriel Wilhelm; Ali Mandegari, Mohsen; Farzad, Somayeh; Görgens, Johann F

2016-09-01

In this study, a techno-economic comparison was performed considering three processes (thermochemical, biochemical and hybrid) for production of jet fuel from lignocellulosic biomass (2G) versus two processes from first generation (1G) feedstocks, including vegetable oil and sugar cane juice. Mass and energy balances were constructed for energy self-sufficient versions of these processes, not utilising any fossil energy sources, using ASPEN Plus® simulations. All of the investigated processes obtained base minimum jet selling prices (MJSP) that is substantially higher than the market jet fuel price (2-4 fold). The 1G process which converts vegetable oil, obtained the lowest MJSPs of $2.22/kg jet fuel while the two most promising 2G processes- the thermochemical (gasification and Fischer-Tropsch synthesis) and hybrid (gasification and biochemical upgrading) processes- reached MJSPs of $2.44/kg and $2.50/kg jet fuel, respectively. According to the economic sensitivity analysis, the feedstock cost and fixed capital investment have the most influence on the MJSP. Copyright © 2016 Elsevier Ltd. All rights reserved.

The Institutional Arrangements in the Palm Oil Sector: Effort to Spur Economic Growth in Rural Areas

Directory of Open Access Journals (Sweden)

Almasdi Syahza

2011-12-01

Full Text Available Palm Oil is a fantastic plant for the people of Riau Province. It can be seen from the rapid development of plantations, in 2001 palm oil plantations covered an area of 1,119,798 ha and in 2010 it increased to 1,925,341 ha with a growth of 36.02%. Palm oil plantation activities brought economic impact on society, both for the people who are directly involved with the activities of plantations and for their surrounding community. To anticipate the rapid development, a model avoiding inequality of income among farmers needs to be designed, especially for self-supporting farmers in a partnership pattern. Institutional model aims to increase the welfare of rural farmers in the form of Palm Oil Based Agroestate (ABK. The concept of Palm oil Based Agroestate collaborates between farmers, cooperatives, and business enterprises. Through the ABK program, farmers will have an opportunity to buy/have shares of the Palm oil Factory (PKS. There are two main business activities of ABK model; first, business activities that build palm oil plantations and factories of the derivative industry; if necessary the settlement of participaing farmers will be established by the developers; second, managing plantations and participating farmers-owned factories as well as market the products carried out by a business enterprise or a cooperative formed by the participant farmers.

Evaluation of solution and rheological properties for hydrophobically associated polyacrylamide copolymer as a promised enhanced oil recovery candidate

Directory of Open Access Journals (Sweden)

A.N. El-hoshoudy

2017-09-01

Full Text Available Crude oil is the most critical energy source in the world, especially for transportation, provision of heat and light as there has not been a sufficient energy source to replace crude oil has broadly integrated, so there is an urgent need to maximize the extraction of the original oil in-place for every reservoir, and accelerating the development of enhanced oil recovery (EOR technologies. Polymer flooding by hydrophobically associated polyacrylamides (HAPAM is a widely used technique through EOR technology. For successful application of these polymers, one should evaluate rheological and solution properties at simulated reservoir conditions as a function of polymer concentration, salinity, temperature and shear rate. The results showed that these copolymers exhibit favorable salt tolerance, temperature resistance, and recoverable viscosity after shearing, reasonable thickening behavior and improved viscosity enhancement properties due to presence of hydrophobic association in the copolymer main chains. Moreover, its capacity for oil production improvement was evaluated during flooding experiments through one dimensional sandstone model at simulated reservoir conditions.

Recent Advances in Recoverable Systems for the Copper-Catalyzed Azide-Alkyne Cycloaddition Reaction (CuAAC

Directory of Open Access Journals (Sweden)

Alessandro Mandoli

2016-09-01

Full Text Available The explosively-growing applications of the Cu-catalyzed Huisgen 1,3-dipolar cycloaddition reaction between organic azides and alkynes (CuAAC have stimulated an impressive number of reports, in the last years, focusing on recoverable variants of the homogeneous or quasi-homogeneous catalysts. Recent advances in the field are reviewed, with particular emphasis on systems immobilized onto polymeric organic or inorganic supports.

Magnetically recoverable magnetite/gold catalyst stabilized by poly(N-vinyl-2-pyrrolidone) for aerobic oxidation of alcohols.

Science.gov (United States)

Chen, Hsiao Wei; Murugadoss, Arumugam; Hor, T S Andy; Sakurai, Hidehiro

2010-12-29

Fe(3)O(4):PVP/Au nanocomposite synthesized via a two-step procedure was tested as a quasi-homogenous alcohol oxidation catalyst. It was found that the nanocomposite was able to carry out aerobic oxidation of alcohols in water at room temperature. Studies show rapid magnetic recoverability and reusability characteristics.

Process simulation and techno economic analysis of renewable diesel production via catalytic decarboxylation of rubber seed oil - A case study in Malaysia.

Science.gov (United States)

Cheah, Kin Wai; Yusup, Suzana; Gurdeep Singh, Haswin Kaur; Uemura, Yoshimitsu; Lam, Hon Loong

2017-12-01

This work describes the economic feasibility of hydroprocessed diesel fuel production via catalytic decarboxylation of rubber seed oil in Malaysia. A comprehensive techno-economic assessment is developed using Aspen HYSYS V8.0 software for process modelling and economic cost estimates. The profitability profile and minimum fuels selling price of this synthetic fuels production using rubber seed oil as biomass feedstock are assessed under a set of assumptions for what can be plausibly be achieved in 10-years framework. In this study, renewable diesel processing facility is modelled to be capable of processing 65,000 L of inedible oil per day and producing a total of 20 million litre of renewable diesel product per annual with assumed annual operational days of 347. With the forecasted renewable diesel retail price of 3.64 RM per kg, the pioneering renewable diesel project investment offers an assuring return of investment of 12.1% and net return as high as 1.35 million RM. Sensitivity analysis conducted showed that renewable diesel production cost is most sensitive to rubber seed oil price and hydrogen gas price, reflecting on the relative importance of feedstock prices in the overall profitability profile. Copyright © 2017 Elsevier Ltd. All rights reserved.

Geology and assessment of undiscovered oil and gas resources of the Laptev Sea Shelf Province, 2008

Science.gov (United States)

Klett, Timothy; Pitman, Janet K.; Moore, Thomas E.; Gautier, Donald L.

2017-12-21

The U.S. Geological Survey (USGS) recently assessed the potential for undiscovered oil and gas resources of the Laptev Sea Shelf Province as part of the 2008 Circum-Arctic Resource Appraisal (CARA) program. The province is situated in the Russian Federation and is located between the Taimyr Peninsula and the Novosibirsk (New Siberian) Islands. Three assessment units (AUs) were defined for this study: the West Laptev Grabens AU, the East Laptev Horsts AU, and the Anisin-Novosibirsk AU, two of which were assessed for undiscovered, technically recoverable resources. The East Laptev Horsts AU was not quantitatively assessed. The estimated mean volumes of undiscovered oil and gas for the Laptev Sea Shelf Province are approximately 3 billion barrels of crude oil, 32 trillion cubic feet of natural gas, and <1 billion barrels of natural gas liquids, all north of the Arctic Circle.

Oil exporting countries need nuclear power

International Nuclear Information System (INIS)

Stauffer, T.R.

1982-01-01

The economic rationale for nuclear power in the oil exporting countries is analysed, with the collateral objective of defining the size of the potential market in terms of the exporting countries' economic opportunities and energy needs. The need for appropriate new institutions for licensing reactors, training personnel, and starting up plants follows directly from the size of the market and the economic incentives for the oil exporters to husband gas and oil. Gas and oil resources of the Middle Eastern countries are discussed, and future electricity needs estimated. (author)

The asymmetry of the impact of oil price shocks on economic activities: an application of the multivariate threshold model

International Nuclear Information System (INIS)

Bwo-Nung Huang; National Chia-Yi University; Hwang, M.J.; Hsiao-Ping Peng

2005-01-01

This paper applies the multivariate threshold model to investigate the impacts of an oil price change and its volatility on economic activities (changes in industrial production and real stock returns). The statistical test on the existence of a threshold effect indicates that a threshold value does exist. Using monthly data of the US, Canada, and Japan during the period from 1970 to 2002, we conclude: (i) the optimal threshold level seems to vary according to how an economy depends on imported oil and the attitude towards adopting energy-saving technology; (ii) an oil price change or its volatility has a limited impact on the economies if the change is below the threshold levels; (iii) if the change is above threshold levels, it appears that the change in oil price better explains macroeconomic variables than the volatility of the oil price; and (iv) if the change is above threshold levels, a change in oil price or its volatility explains the model better than the real interest rate. (author)

North American oil demand outlook

International Nuclear Information System (INIS)

Stewart, M.B.

1995-01-01

An understanding of the relationship of economic growth and potential petroleum product demand is needed to forecast the potential for North American oil demand growth as well as knowledge of world supply and price. The bullish expectations for economic growth in the US and Canada auger well for North American refiners and marketeers. The growth in world economic output forecast, however, means a larger oil demand and an increase in OPEC's pricing power. Such price increases could depress North American oil demand growth. (author)

Exports, government size and economic growth (Evidence from Iran as a developing oil-export based economy)

NARCIS (Netherlands)

S.F. Dizaji (Sajjad Faraji)

2012-01-01

textabstractIn this study, I investigate the short run and long run effects of government size and exports on the economic growth of Iran as a developing oil export based economy for the period of 1974 to 2008. For this purpose I use the bounds testing approach to cointegration and error correction

Oil supply and oil politics: Deja Vu all over again

International Nuclear Information System (INIS)

Cleveland, Cutler J.; Kaufmann, Robert K.

2003-01-01

President Bush has identified US dependence on imported oil as an urgent energy, economic, and national security concern. The President's energy plan promotes the development of domestic resources, based on the assumption that economic incentives and the opening of frontier areas for exploration will increase domestic production. If realized, this will reduce dependence on imported oil and reduce OPEC's ability to affect aggregate oil supply and price. The evidence suggests, however, that this policy will not increase significantly US production of crude oil, will not reduce significantly OPEC's influence, and it will distort the US macroeconomy. Even if allowed, production from the Arctic National Wildlife Refuge will have a negligible impact on the world oil markets. Further subsidies to the oil industry will divert resources from other more productive investments. Conservation and energy efficiency merit greater emphasis in US energy policy given their ability to reduce the use of cost-effective and environmentally beneficial ways

Oil supply and oil politics: Deja Vu all over again

International Nuclear Information System (INIS)

Cleveland, C.J.; Kaufmann, R.K.

2003-01-01

President Bush has identified US dependence on imported oil as an urgent energy, economic, and national security concern. The President's energy plan promotes the development of domestic resources, based on the assumption that economic incentives and the opening of frontier areas for exploration will increase domestic production. If realized, this will reduce dependence on imported oil and reduce OPEC's ability to affect aggregate oil supply and price. The evidence suggests, however, that this policy will not increase significantly US production of crude oil, will not reduce significantly OPEC's influence, and it will distort the US macroeconomy. Even if allowed, production from the Arctic National Wildlife Refuge will have a negligible impact on the world oil markets. Further subsidies to the oil industry will divert resources from other more productive investments. Conservation and energy efficiency merit greater emphasis in US energy policy given their ability to reduce the use of cost-effective and environmentally beneficial ways. (author)

Oil intensities and oil prices : evidence for Latin America

OpenAIRE

Alaimo, Veronica; Lopez, Humberto

2008-01-01

Crude oil prices have dramatically increased over the past years and are now at a historical maximum in nominal terms and very close to it in real terms. It is difficult to argue, at least for net oil importers, that higher oil prices have a positive impact on welfare. In fact, the negative relationship between oil prices and economic activity has been well documented in the literature. Ye...

The effect of oil revenues instability on the oil-based and labor-exporting economies: The case of the Arab region

International Nuclear Information System (INIS)

Al-Abbasi, M.A.

1991-01-01

The changes in the trend of the oil-export earnings in the oil-based economics not only affected the growth of the domestic economics not only affected the growth of the domestic economies but influenced the economic activities in the neighboring labor-exporting economies. This study investigates and tests the hypothesis that uncertainty associated with fluctuations in oil-export earnings affect adversely the economic growth in the oil-based economies of the Middle East. In addition, it seeks to examine the hypothesis that the impact of such fluctuations has been transmitted to the neighboring labor-exporting economies, during the period 1970-1986. Results show that oil-export instability does indeed create a wave of fluctuations in the domestic economic activity of the oil-based economies through the negative effect on investment, government spending, and domestic output. For the labor-exporting economies, results suggest that the flow of workers' remittances have had a positive impact on investment and income growth. Results also indicate that the rate of economic growth in the oil-based economies sets a broad limit on the range of feasible growth in the labor-exporting economies

Economic impact of oil price shocks on the Turkish economy in the coming decades: A dynamic CGE analysis

International Nuclear Information System (INIS)

Aydin, Levent; Acar, Mustafa

2011-01-01

As a small open economy, Turkey depends on both imported oil and natural gas, importing almost two-thirds of its primary energy demand. This paper analyzes the economic effects of oil price shocks for Turkey as a small, open oil- and gas-importing country. To analyze the potential long-term effects of oil price shocks on macroeconomic variables of interest, including GDP, consumer price inflation, indirect tax revenues, trade balance, and carbon emissions, we developed TurGEM-D, a dynamic multisectoral general equilibrium model for the Turkish economy. Using TurGEM-D, we analyzed the impact of oil price shocks under three distinct scenarios: reference, high and low oil prices. The simulation results show that these oil prices have very significant effects on macro indicators and carbon emissions in the Turkish economy. - Research highlights: → World oil prices are projected to rise in coming decade, to around $185 per barrel in 2020. → If this occurs in Turkey, how to quantitatively evaluate the impacts on Turkish economy? → Cumulative output loss resulting from world oil prices increased by 121% can be as large as 14%. → Cumulative inflation as measured by CPI index can be nearly 5% under a fixed exchange rate regime. → Cumulative carbon emissions fall by around 51.7% without using any tools for climate change policy.

Recoverable Wire-Shaped Supercapacitors with Ultrahigh Volumetric Energy Density for Multifunctional Portable and Wearable Electronics.

Science.gov (United States)

Shi, Minjie; Yang, Cheng; Song, Xuefeng; Liu, Jing; Zhao, Liping; Zhang, Peng; Gao, Lian

2017-05-24

Wire-shaped supercapacitors (SCs) based on shape memory materials are of considerable interest for next-generation portable and wearable electronics. However, the bottleneck in this field is how to develop the devices with excellent electrochemical performance while well-maintaining recoverability and flexibility. Herein, a unique asymmetric electrode concept is put forward to fabricate smart wire-shaped SCs with ultrahigh energy density, which is realized by using porous carbon dodecahedra coated on NiTi alloy wire and flexible graphene fiber as yarn electrodes. Notably, the wire-shaped SCs not only exhibit high flexibility that can be readily woven into real clothing but also represent the available recoverable ability. When irreversible plastic deformations happen, the deformed shape of the devices can automatically resume the initial predesigned shape in a warm environment (about 35 °C). More importantly, the wire-shaped SCs act as efficient energy storage devices, which display high volumetric energy density (8.9 mWh/cm 3 ), volumetric power density (1080 mW/cm 3 ), strong durability in multiple mechanical states, and steady electrochemical behavior after repeated shape recovery processes. Considering their relative facile fabrication technology and excellent electrochemical performance, this asymmetric electrode strategy produced smart wire-shaped supercapacitors desirable for multifunctional portable and wearable electronics.

Economics of international energy security policy

International Nuclear Information System (INIS)

Paik, I.K.

1992-01-01

Because there is no inexpensive substitute for crude oil and petroleum products at the present time, an oil supply disruption inevitably leads to higher oil prices and economic losses. Wealth transfer to oil producing nations, reduced output increased unemployment and inflation. For these reasons, major oil-consuming countries currently have in place various oil emergency response measures to protect themselves from adverse economic consequences of oil supply disruptions: stockpiling emergency oil reserves to augment supplies, if necessary, in an emergency; and lowering oil demand through non-price mechanisms. The main purpose of this paper is to show that while, supply enhancement and demand reduction could have the same effect on oil prices in the event of an oil supply shortfall, they may have significantly different effects on the economies. Section I discusses the principal oil emergency response measures of the members of the International Energy Agency (IEA) -- emergency oil stockpiles and demand restraint -- and their policies for implementing the measures. Section II describes the analytical method used to perform comparative economic analysis of releasing emergency stocks and restraining demand in an oil emergency. Section III presents quantitative results of the analysis, and Section IV, conclusions of the analytical results and their energy security policy implications

Why Energy is AN Economic Planetary Emergency

Science.gov (United States)

Difiglio, Carmine

2014-07-01

This paper analyzes why high and volatile oil prices cause reduced world-wide economic growth. Disruptions in the petroleum market, due to unexpected economic growth or reduced petroleum supplies, have been shown to cause sharp increases in petroleum prices as a result of the inflexibilities of petroleum supply and demand. An examination of over 40 years of data reveals that oil price shocks are invariably followed by 2-3 years of weak economic growth and weak economic growth is almost always preceded by an oil price shock. While the statistical literature provides evidence that economies have become less vulnerable to a given oil price increase than they were during the 1970s, it also shows that the elasticity of demand for oil has significantly decreased. The increased resiliency of economies to higher oil prices has been partially or fully offset by the increased sensitivity of oil prices to any oil market perturbation. This paper also reviews the current state of oil-supply security noting that previous episodes of supply instability appear to have become chronic conditions. While new unconventional oil production technologies have revitalized North American oil production, it is concluded that these technologies will have only a modest effect on world-wide oil production. The marginal cost of oil production, whether from tight-oil plays, or other unconventional sources, is expected to increase contributing to rising longterm oil prices in an international oil market that will remain vulnerable to disruptions and sharp price increases. Recurring episodes of poor world-wide economic growth are shown to affect hundreds of millions of people though unemployment in the modern economy and, in developing countries, though slower emigration out of agricultural-sector poverty. It is also noted that world-wide greenhouse gas emissions require strong national policies. Clean-energy policies are more likely to be pursued by countries enjoying strong economic growth than

World nonrenewable conventional energy resources as of December 31, 1982

International Nuclear Information System (INIS)

Parent, J.D.

1984-01-01

Energy analysts present year-end 1982 estimates for world proved reserves, remaining recoverable resources, annual production rates, and cumulative production of the non-renewable convectional energy resources: coal, natural gas, crude oil, natural gas liquids, bitumens, shale oil, and uranium oxide. Life indices for world fossil fuels are also given for several annual growth rates. The world's proved and currently recoverable natural gas reserves amount to 2649-3250 trillion CF; the estimated total remaining recoverable is 6693-7462 TCF. In 1982, 54 TCF of gas was produced for a cumulative production of 1320 TCF (not counting vented or flared gas)

OPTICAL FIBER SENSOR TECHNOLOGIES FOR EFFICIENT AND ECONOMICAL OIL RECOVERY

Energy Technology Data Exchange (ETDEWEB)

A. Wang; H. Xiao; R. May

1999-10-29

Efficient and complete recovery of petroleum reserves from existing oil wells has proven difficult due to a lack of robust instrumentation that can monitor processes in the downhole environment. Commercially available sensors for measurement of pressure, temperature, and fluid flow exhibit shortened lifetimes in the harsh downhole conditions, which are characterized by high pressures (up to 20 kpsi), temperatures up to 250 C, and exposure to chemically reactive fluids. Development of robust sensors that deliver continuous, real-time data on reservoir performance and petroleum flow pathways will facilitate application of advanced recovery technologies, including horizontal and multi-lateral wells. The main objective of the research program is to develop cost-effective, reliable fiber sensor instrumentation for real-time monitoring and /or control of various key parameters crucial to efficient and economical oil production. This report presents the detailed research work and technical progress from October 1, 1998 to September 30, 1999. The research performed over the first year of the program has followed the schedule as proposed, and solid research progress has been made in specification of the technical requirements, design and fabrication of the SCIIB sensor probes, development of the sensor systems, development of DSP-based signal processing techniques, and construction of the test systems. These technical achievements will significantly help to advance continued research on sensor tests and evaluation during the second year of the program.

Feasibility study of a pressure fed engine for a water recoverable space shuttle booster Volume 2: Technical, phase A effort

Science.gov (United States)

1972-01-01

Design and systems considerations are presented on an engine concept selection for further preliminary design and program evaluation. These data have been prepared from a feasibility study of a pressure-fed engine for the water recoverable space shuttle booster.

FORECASTING THE PERFORMANCE OF AN OIL FIELD, COMPARISON OF VARIOUS USED METHODS: THE CASE OF SHUANGHE OILFIELD, CHINA

Directory of Open Access Journals (Sweden)

Theoneste Nzayisenga

2014-01-01

Full Text Available While being the dominant source of energy, oil has also brought affluence and power to different societies. Energy produced from oil is fundamental to all parts of society. In the foreseeable future, the majority of energy will still come from oil production. Consequently, reliable methods for forecasting that production are crucial. Petroleum engineers have searched for simple but reliable way to predict oil production for a long time. Many methods have been developed in the latest decades and one common practice is decline curve analysis. Prediction of future production of petroleum wells is important for cost-effective operations of the petroleum industry. This work presents a comparative analysis of methods used to predict the performance of Shuanghe oilfield, China. Using decline curve analysis including three different methods: Arps empirical methods, LL-model and simplified model and the new simplified model, LL-Model, to crosscheck Arps exponential decline model prediction results. The results showed by the comparative analysis of predictions calculated proved LL-model to be the best predictor for Shuanghe oilfield since it takes into account more parameters than the old models used in this work. However, the subsurface information or parameters of the reservoir used in LL-model may not be available every time, therefore Arps models may apply as defined. In Shuanghe oilfield calculated average geological reserves N was estimated at 9449.41 ×104 tons, the average recoverable reserves NR were estimated to 4274.61×104 tons while the water cut was 97% and the water cut predicted by LL-model was 96.7%; not far from water flooding curves value. The exponential decline model showed recoverable reserves NR estimated around 4685.88×104 tons of oil while the decline phase of total development was estimated around 34 years which means that if the actual production conditions remain unchanged, Shuanghe oilfield would continue producing for

The End of Cheap Oil: Economic, Social, and Political Change in the US and Former Soviet Union

OpenAIRE

Kaufmann, Robert

2014-01-01

I use the quality and quantity of energy flows to interpret economic, social, and political changes in the US and Former Soviet Union. The economic successes of both the former Soviet Union (FSU) and the US reflect an abundant supply of high quality energy. This abundance ended in the 1970s in the US and the 1980s in the Former Soviet Union. In the US, the end of cheap oil caused labor productivity to stagnate, which stopped on-going growth in wages and family incomes. To preserve the Ameri...

The effect of information processing technology on its economic indicators in the oil industry. O vliyanii tekhnologii obrabotki informatsii na yeye ekonomicheskiye pokazateli v usloviyakh neftyanoy promyshlennosti

Energy Technology Data Exchange (ETDEWEB)

Obidnov, B I; Maksimova, T N

1984-01-01

The issues of the dependence of the economic indicators of information acquisition in the oil industry on its processing technology are examined. Different variants in a technology for processing information are examined and the characteristics for increasing the cost of information within an oil extracting enterprise are analyzed in detail. The economic indicators of information providing it is processed in a computer center are also disclosed.

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.

Assessment of undiscovered oil and gas resources in the Ventura Basin Province, California, 2016

Science.gov (United States)

Tennyson, Marilyn E.; Schenk, Christopher J.; Pitman, Janet K.; Lillis, Paul G.; Klett, Timothy R.; Brownfield, Michael E.; Finn, Thomas M.; Gaswirth, Stephanie B.; Hawkins, Sarah J.; Marra, Kristen R.; Mercier, Tracey J.; Le, Phuong A.; Leathers-Miller, Heidi M.

2017-10-02

The U.S. Geological Survey (USGS) completed a geology-based assessment of undiscovered, technically recoverable conventional and continuous oil and gas resources in the part of the Ventura Basin Province that lies onshore or within State waters (within 3 miles of the shoreline) of California (fig. 1). Conventional oil and gas resources are those that have migrated upward into structural or stratigraphic traps from deep zones where the oil and gas is generated; water is present below the oil or gas. Continuous accumulations, in contrast, are those in which oil or gas is pervasively present in essentially all wells that penetrate them, that may not be structurally or stratigraphically trapped, and that typically lack oil-water or gas-water contacts. They are commonly produced with well-stimulation technology, such as hydraulic fracturing, referred to as “unconventional.” The same stimulation technology, however, is also used in many conventionally trapped accumulations. We estimated both the likely range of oil and gas volumes remaining to be discovered in accumulations similar to existing conventional oil and gas fields in the Ventura Basin Province (previously assessed by Keller [1995] as 1,060 million barrels of oil [MMBO], 1,900 billion cubic feet of gas [BCFG], and 60 million barrels of natural gas liquids [MMBNGL]), and the potential for oil and gas that might be present in a continuous accumulation at extreme depth in the floor of the basin.

The 2014 oil bust: Causes and consequences

International Nuclear Information System (INIS)

Tokic, Damir

2015-01-01

This article suggests that the 2014 oil price collapse was possibly triggered by the falling Euro versus the US Dollar. Specifically, the USD/EUR exchange rate likely adjusted to the sudden economic growth outlook divergence between the US and the EU, as evident by the relative short term interest rate spread measures, and triggered a “strong dollar” trade, which is negative for the crude oil prices. Thus, in our view, the 2014 oil price bust is another episode of oil price inefficiency, similar to the 2008 oil bubble. The key argument presented in this article is that, as long as there are temporary economic growth divergences between the US and the EU, the resulting exchange rate volatility is likely to create the pricing inefficiencies in crude oil, which in fact are mean-reverting, as the economic growth divergences eventually dissipate. -- Highlights: •The 2014 oil price collapse was possibly triggered by the falling Euro versus the US Dollar. •The economic divergence between the US and the EU possibly caused the USD/EUR volatility. •The oil fundamentals contributed to the price collapse with the negative sentiment

World oil and gas resources: status and outlook - A rational attempt at an emotional issue

International Nuclear Information System (INIS)

Burri, P.

2008-01-01

This paper examines the status of world oil and gas resources and attempts to provide a rational view of the situation and the prospects available. The author states that only about a quarter of the world's estimated ultimately recoverable oil resources and one eighth of the ultimate gas resources have been produced until today. Further, the author is of the opinion that very significant reserve additions are to be expected not only from the still existing exploration frontiers (e.g. deep water and Arctic fields) but even more so from new hydrocarbon detection tools, advanced recovery technology and from unconventional oil and gas resources. The price situation is discussed as are various developments that not only have a negative but also a positive impact on supplies. Reserves and unconventional resources are discussed, particularly from the pricing point of view. The effect of pricing on consumption is examined, as are new technologies for recovery and the potential available for future exploration

World oil and gas resources: status and outlook - A rational attempt at an emotional issue

Energy Technology Data Exchange (ETDEWEB)

Burri, P.

2008-07-01

This paper examines the status of world oil and gas resources and attempts to provide a rational view of the situation and the prospects available. The author states that only about a quarter of the world's estimated ultimately recoverable oil resources and one eighth of the ultimate gas resources have been produced until today. Further, the author is of the opinion that very significant reserve additions are to be expected not only from the still existing exploration frontiers (e.g. deep water and Arctic fields) but even more so from new hydrocarbon detection tools, advanced recovery technology and from unconventional oil and gas resources. The price situation is discussed as are various developments that not only have a negative but also a positive impact on supplies. Reserves and unconventional resources are discussed, particularly from the pricing point of view. The effect of pricing on consumption is examined, as are new technologies for recovery and the potential available for future exploration

Forecasting oilfield economic performance

International Nuclear Information System (INIS)

Bradley, M.E.; Wood, A.R.O.

1994-01-01

This paper presents a general method for forecasting oilfield economic performance that integrates cost data with operational, reservoir, and financial information. Practices are developed for determining economic limits for an oil field and its components. The economic limits of marginal wells and the role of underground competition receive special attention. Also examined is the influence of oil prices on operating costs. Examples illustrate application of these concepts. Categorization of costs for historical tracking and projections is recommended

Energy and exergy recovery in a natural gas compressor station – A technical and economic analysis

International Nuclear Information System (INIS)

Kostowski, Wojciech J.; Kalina, Jacek; Bargiel, Paweł; Szufleński, Paweł

2015-01-01

Highlights: • Energy and exergy flow in a natural gas compressor station. • Operational efficiency only 18.3% vs. 35.1% nominal. • 3 energy/exergy recovery systems proposed. • Up to 168.9 GW h/y electricity and 6.5 GW h/y heat recoverable. • Legal obstacles: operators not allowed to produce electricity. - Abstract: The paper presents possible solutions to improve the thermodynamic performance of a natural gas compressor station equipped with various type of compressor units and operated at part-load conditions. A method for setting a simplified energy and exergy balance based on the available metering information has been presented. For a case study plant, it has been demonstrated that the current part-load operation leads to a significant decrease in energy and exergy efficiency compared to the nominal state of machinery. Three alternative improvement strategies have been proposed: (1) installation of a heat recovery hot water generator for covering the existing heat demand of the plant; (2) installation of a heat recovery thermal oil heater for covering the existing heat demand and driving an organic Rankine cycle (ORC) for electricity generation; (3) installation of a heat recovery thermal oil heater with and ORC and gas expanders for switching into full-load operation of the gas turbine unit. Energy and exergy performance of the proposed strategies as well as their economic feasibility have been analyzed. The second scenario involving an ORC unit provides the highest local energy savings, however, its economic feasibility is not achieved under the current part-load operating conditions. A hypothetic scenario of the same station operated at full-load due to an increased gas transmission capacity demonstrate the economic feasibility (possible under optimistic price conditions). Finally, it has been shown that the possibility of waste energy recovery from natural gas transmission systems (in particular, from compressor stations) depends on legal

Oil Slick Characterization Using Synthetic Aperture Radar

Science.gov (United States)

Jones, C. E.; Breivik, O.; Brekke, C.; Skrunes, S.; Holt, B.

2015-12-01

Oil spills are a hazard worldwide with potential of causing high impact disasters, and require an active oil spill response capability to protect personnel, the ecosystem, and the energy supply. As the amount of oil in traditionally accessible reserves decline, there will be increasing oil extraction from the Arctic and deep-water wells, both new sources with high risk and high cost for monitoring and response. Although radar has long been used for mapping the spatial extent of oil slicks, it is only since the Deepwater Horizon spill that synthetic aperture radar (SAR) has been shown capable of characterizing oil properties within a slick, and therefore useful for directing response to the recoverable thicker slicks or emulsions. Here we discuss a 2015 Norwegian oil-on-water spill experiment in which emulsions of known quantity and water-to-oil ratio along with a look-alike slick of plant oil were released in the North Sea and imaged with polarimetric SAR (PolSAR) by NASA's UAVSAR instrument for several hours following release. During the experiment, extensive in situ measurements were made from ship or aircraft with meteorological instruments, released drift buoys, and optical/IR imagers. The experiment was designed to provide validation data for development of a physical model relating polarization-dependent electromagnetic scattering to the dielectric properties of oil mixed with ocean water, which is the basis for oil characterization with SAR. Data were acquired with X-, C-, and L-band satellite-based SARs to enable multi-frequency comparison of characterization capabilities. In addition, the data are used to develop methods to differentiate mineral slicks from biogenic look-alikes, and to better understand slick weathering and dispersion. The results will provide a basis for modeling oil-in-ice spills, currently a high priority for nations involved in Arctic oil exploration. Here we discuss the Norwegian experiment, the validation data, and the results of

Geology and assessment of undiscovered oil and gas resources of the Zyryanka Basin Province, 2008

Science.gov (United States)

Klett, Timothy; Pitman, Janet K.; Moore, T.E.; Gautier, D.L.

2017-11-22

The U.S. Geological Survey (USGS) recently assessed the potential for undiscovered oil and gas resources of the Zyryanka Basin Province as part of the 2008 USGS Circum-Arctic Resource Appraisal program. The province is in the Russian Federation and is situated on the Omolon superterrane of the Kolyma block. The one assessment unit (AU) that was defined for this study, called the Zyryanka Basin AU, which coincides with the province, was assessed for undiscovered, technically recoverable, conventional resources. The estimated mean volumes of undiscovered resources in the Zyryanka Basin Province are ~72 million barrels of crude oil, 2,282 billion cubic feet of natural gas, and 61 million barrels of natural-gas liquids. About 66 percent of the study area and undiscovered petroleum resources are north of the Arctic Circle.

Catalytic asymmetric dihydroxylation of olefins using a recoverable and reusable OsO(4)2- in ionic liquid [bmim][PF6].

Science.gov (United States)

Branco, Luís C; Afonso, Carlos A M

2002-12-21

The use of the solvent systems water/ionic liquid or water/ionic liquid/tert-butanol provides a recoverable, reusable, robust and simple system for the asymmetric dihydroxylation of olefins, based on the immobilization of the osmium-ligand catalyst in the ionic liquid phase.

Macroeconomic impacts of oil price shocks in Asian economies

International Nuclear Information System (INIS)

Cunado, Juncal; Jo, Soojin; Perez de Gracia, Fernando

2015-01-01

This paper analyzes the macroeconomic impact of structural oil shocks in four of the top oil-consuming Asian economies, using a VAR model. We identify three different structural oil shocks via sign restrictions: an oil supply shock, an oil demand shock driven by global economic activity and an oil-specific demand shock. The main results suggest that economic activity and prices respond very differently to oil price shocks depending on their types. In particular, an oil supply shock has a limited impact, while a demand shock driven by global economic activity has a significant positive effect in all four Asian countries examined. Our finding also includes that policy tools such as interest rates and exchange rates help mitigating the effects of supply shocks in Japan and Korea; however, they can be more actively used in response to demands shocks. - Highlights: • We analyze the effects of three structural oil price shocks on Asian economies. • Supply shocks have limited impact on the economic activity of Asian economies examined. • Demand shocks due to economic activity boosts GDP of all economies. • CPIs in India and Indonesia were only marginally affected by oil price shocks. • Monetary and exchange rate tools help mitigating supply shocks in Korea and Japan.

Political and economic aspects

International Nuclear Information System (INIS)

O'Neil, C.

1997-01-01

The political and socio-economic aspects of oil and gas exploration in Canada's Arctic and the Beaufort Sea were reviewed. The federal government was very interested in developing the North because they saw oil and gas development in the North as a means of strengthening sovereignty claims. The projected profits from Northern oil and gas development were also very attractive, and after dealing with environmental and social concerns, the government granted the necessary drilling permits. The federal government also made allowances for huge tax incentives for the oil and gas companies to encourage exploration. Although oil has been found, large-scale production in the Beaufort Sea never materialized. During the period from 1984 to 1988, world prices for oil fell and it was no longer economical to undertake frontier production. Beaufort Sea operation were shut down as the oil industry changed its focus to more cost-effective reservoirs in southern Canada. 1 fig

Oil and nuclear power: the dynamic interrelationship

International Nuclear Information System (INIS)

Stauffer, T.

1987-01-01

The impact of changing oil prices on the economic case for nuclear power and the political viability of the nuclear industry is reviewed. The case for nuclear energy is less obvious currently on the grounds of safety (following the Chernobyl accident), need (because of slower economic growth and energy conservation) and rationale (the cost advantage is no longer obvious). Nuclear power and oil prices are shown to be interrelated because the competitive economics of each is affected by the other. The competitive balance between the two changes. The use of nuclear power helps to keep oil prices down. However, if oil is cheap, nuclear power is less favourable economically. Some facts and figures are used to illustrate this paradox. (U.K.)

Environment, energy, and economic performance

Energy Technology Data Exchange (ETDEWEB)

Oberndorfer, Ulrich

2009-09-25

This thesis analyzes the relationship between environmental regulation as well as energy market developments on the one hand, and economic performance on the other. Due to its economic effects environmental regulation is controversially disputed. The thesis shows, however, that the economic impacts of the recently adopted climate policy in Europe, namely of the implementation of the European Union Emission Trading Scheme, have been modest at most. Consistent with economic theory, the low stringency of this regulatory measure that is aimed at combating man-made climate change is identified as one important driver of this result. Moreover, results presented in this thesis also indicate the important role which the political economy plays for the design of environmental regulation in general. These mechanisms are shown to be a driver of the low stringency and, consequently, of the small economic effects during the first phase of the European Union Emission Trading Scheme. The thesis highlights the role of investment stimulation if the goal of environmental regulation is not only the protection of the environment, but also the compatibility with economic goals. This thesis also provides new insights into the role of energy market developments for the economy. In this respect, the relevance of the EU carbon market for the financial market performance of European electricity generators is shown. Besides, this thesis particularly demonstrates the paramount importance of oil market developments for the economy as a whole. It suggests that amongst all natural resources, oil is the most relevant one to the pricing of Eurozone energy stocks. It is also shown that besides oil prices, oil volatility plays an important role for stock market development. Finally, the thesis highlights the relevance of oil market developments to the overall economy, in showing that unemployment in Germany is strongly affected by oil price shocks. In this respect, it also opposes claims that the

Geologic coal assessment: The interface with economics

Science.gov (United States)

Attanasi, E.D.

2001-01-01

Geologic resource assessments describe the location, general characteristics, and estimated volumes of resources, whether in situ or technically recoverable. Such compilations are only an initial step in economic resource evaluation. This paper identifies, by examples from the Illinois and Appalachian basins, the salient features of a geologic assessment that assure its usefulness to downstream economic analysis. Assessments should be in sufficient detail to allocate resources to production units (mines or wells). Coal assessments should include the spatial distribution of coal bed characteristics and the ability to allocate parts of the resource to specific mining technologies. For coal bed gas assessment, the production well recoveries and well deliverability characteristics must be preserved and the risk structure should be specified so dryholes and noncommercial well costs are recovered by commercially successful wells. ?? 2001 International Association for Mathematical Geology.

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.

The Economic Activities Analysis of the Marginal Community Living Around the Artisanal Oil Mining Site in Hargomulyo, Bojonegoro Regency

OpenAIRE

Brata, N T; Sairin, S; Setiadi, S

2017-01-01

The focus of this paper is on a marginal society in Bojonegoro Regency, East Java Province. It is a remote area in the middle of a teak forest, far away from the centre of economy and governance, it’s that makes the society find some difficulties to overcome their economic problems. There are some oil wells owned by NV BPM Company which had stopped its legal operations. Then, the society conducts illegal traditional oil mining. The purposes of this study are: (1) to study the reason of the so...

Does Portuguese economy support crude oil conservation hypothesis?

International Nuclear Information System (INIS)

Bashiri Behmiri, Niaz; Pires Manso, José R.

2012-01-01

This paper examines cointegration relationships and Granger causality nexus in a trivariate framework among oil consumption, economic growth and international oil price in Portugal. For this purpose, we employ two Granger causality approaches: the Johansen cointegration test and vector error correction model (VECM) and the Toda–Yamamoto approaches. Cointegration test proves the existence of a long run equilibrium relationship among these variables and VECM and Toda–Yamamoto Granger causality tests indicate that there is bidirectional causality between crude oil consumption and economic growth (feed back hypothesis). Therefore, the Portuguese economy does not support crude oil conservation hypothesis. Consequently, policymakers should consider that implementing oil conservation and environmental policies may negatively impact on the Portuguese economic growth. - Highlights: ► We examine Granger causality among oil consumption, GDP and oil price in Portugal. ► VECM and Toda–Yamamoto tests found bidirectional causality among oil and GDP. ► Portuguese economy does not support the crude oil conservation hypothesis.

Geology and assessment of undiscovered oil and gas resources of the Lena-Vilyui Basin Province, 2008

Science.gov (United States)

Klett, Timothy; Pitman, Janet K.; Moore, T.E.; Gautier, D.L.

2017-11-22

The U.S. Geological Survey (USGS) recently assessed the potential for undiscovered oil and gas resources of the Lena-Vilyui Basin Province, north of the Arctic Circle, as part of the Circum-Arctic Resource Appraisal program. The province is in the Russian Federation and is situated between the Verkhoyansk fold-and-thrust belt and the Siberian craton. The one assessment unit (AU) defined for this study—the Northern Priverkhoyansk Foredeep AU—was assessed for undiscovered, technically recoverable resources. The estimated mean volumes of undiscovered resources for the Northern Priverkhoyansk Foredeep in the Lena-Vilyui Basin Province are ~400 million barrels of crude oil, 1.3 trillion cubic feet of natural gas, and 40 million barrels of natural-gas liquids, practically all (99.49 percent) of which is north of the Arctic Circle.

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.

Fully automated laboratory for the assay of plutonium in wastes and recoverable scraps

International Nuclear Information System (INIS)

Guiberteau, P.; Michaut, F.; Bergey, C.; Debruyne, T.

1990-01-01

To determine the plutonium content of wastes and recoverable scraps in intermediate size containers (ten liters) an automated laboratory has been carried out. Two passive methods of measurement are used. Gamma ray spectrometry allows plutonium isotopic analysis, americium determination and plutonium assay in wastes and poor scraps. Calorimetry is used for accurate (± 3%) plutonium determination in rich scraps. A full automation was realized with a barcode management and a supply robot to feed the eight assay set-ups. The laboratory works on a 24 hours per day and 365 days per year basis and has a capacity of 8,000 assays per year

The capability and constraint model of recoverability: An integrated theory of continuity planning.

Science.gov (United States)

Lindstedt, David

2017-01-01

While there are best practices, good practices, regulations and standards for continuity planning, there is no single model to collate and sort their various recommended activities. To address this deficit, this paper presents the capability and constraint model of recoverability - a new model to provide an integrated foundation for business continuity planning. The model is non-linear in both construct and practice, thus allowing practitioners to remain adaptive in its application. The paper presents each facet of the model, outlines the model's use in both theory and practice, suggests a subsequent approach that arises from the model, and discusses some possible ramifications to the industry.

Fiscal 2000 survey report. Survey report on development and utilization of alternative energies for oil in Pacific region; 2000 nendo Taiheiyo chiiki sekiyu daitai energy kaihatsu riyo chosa hokokusho

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-03-01

A survey was conducted, with environmental matters taken into consideration, for building an information gathering infrastructure for the countries in the Pacific region, capable of promptly and accurately collecting and offering energy related information. Conducted in this fiscal year were regular data gathering, review of oil supply and demand and alternative energy supply and demand in the Pacific region, on-site survey of alternative energy development and utilization in Vietnam, quarterly analyses of trend of energy demand, and the like. The supply of primary energy in the Pacific region increased by 2.3% per year in the period 1980 through 1998. The rate of increase was the lowest with oil, and the highest with hydroelectricity, atomic power, and recoverable energies such as geothermal energy. The Vietnamese Government is promoting its efforts to develop power sources by use of recoverable energies for farm village electrification. Efforts are being earnestly exerted to develop its rich natural gas resources and it is expected that there will be a remarkable achievement in the use of alternative energies due to an increase in natural gas consumption. In the field of data collection, various data were registered with the database. (NEDO)

Petroleum resource appraisal of lower group play, badin block, lower Indus basin, Pakistan

International Nuclear Information System (INIS)

Afzal, J.

1996-01-01

Badin Block is a concession area granted to Union Texas Pakistan (UTP). The petroleum resource appraisal of the lower Goru play of Badin Block has been carried out through the 'Discovery Process Model' of a software developed by John R. Lacey International Ltd. in association with Prass Consultants of Canada. The Early gas producing reservoir rocks of this block. These sandstones can be divided into five discrete sand bodies; however, the uppermost and the lowermost sands of the sequence are often considered the primary reservoirs. Exploration in the Lower Indus Basin started in 1939 and the first discovery of oil, in the Badin block, was made by UTP Group in May, 1981 at Khaskheli. Until December, 1992, UTP has discovered 31 oil and gas fields in Badin Block, and the recoverable reserves of these 31 oil and gas pools provide the basis for the estimation of recoverable reserves of oil and gas of the whole Badin Block. The analysis show that about 31% of the total recoverable oil reserves i.e. 35.5 mm bbl still remain to be discovered out of the additional 105 expected pools in the play. Similarly, it has been estimated that about 47% of the total recoverable gas reserves i.e. 520.5 Bcf still remain to be discovered out of the additional 124 expected pools. (author)

The oil market in the 1980s -- a decade of decline

International Nuclear Information System (INIS)

Shojai, S.; Katz, B.S.

1992-01-01

Part 1 of this volume presents a profile of the economic dislocations and hardships that resulted from the breakup of OPEC and non-OPEC nation oil exporters. The economies and economic plans of these nations were buffeted by the oil price decline. Slowed foreign exchange receipts, declining terms of trade, and fluctuating exchange rates all mitigated against oil suppliers. Part 2 investigates a range of oil importer responses to the economic ramifications of rising (1970s) and declining (1980s) oil prices. While the oil-importing Western nations adjusted to and benefited from the declining oil prices and oil suppliers bore the cost, there were also disparate economic effects on the developing world. Part 3 investigates the oil price decline fallout. The experiences of the 1980s permit an extended analysis of market conditions resulting from changes in the price of oil. Part 4 attempts to come to grips with the impact of price changes and future developments in the international world oil market

The economic impacts of the upstream activities after the reform of the Brazilian oil industry; Impactos economicos da exploracao e producao apos a abertura da industria petrolifera brasileira

Energy Technology Data Exchange (ETDEWEB)

Canelas, Andre [Universidade Federal, Rio de Janeiro, RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia. Programa de Planejamento Energetico

2004-07-01

This paper analyzes the macroeconomic impacts of the investments in the oil and gas upstream, which took place after the reform of the Brazilian oil industry. The reason why I chose to analyze such a period of time was the institutional change which took place in the Brazilian oil industry after the Brazilian Parliament approved Law n. 9.478 in 1997. The law represented the new regulation of the activities related to the oil industry in Brazil. Since then, there has been a very large amount of capital spending in the oil and gas upstream, not only by PETROBRAS, the state-owned oil company, but also by the oil companies which entered the Brazilian oil industry after it was opened to foreign and private upstream investments. This paper analyses the economic impacts of these upstream investments by PETROBRAS and by the new players in Brazil, addressing the impacts of these investments on the generation of aggregate value and yield and the economic activity of other industries. This paper is dedicated, in its entirety, to Prof. Carmen Alveal, whose knowledge, support, encouragement and friendship were, for me, the most important of all, professionally and morally. (author)

Oil spill vulnerability assessment integrating physical, biological and socio-economical aspects: application to the Cantabrian coast (Bay of Biscay, Spain).

Science.gov (United States)

Castanedo, S; Juanes, J A; Medina, R; Puente, A; Fernandez, F; Olabarrieta, M; Pombo, C

2009-10-01

A methodology has been developed to carry out an integrated oil spill vulnerability index, V, for coastal environments. This index takes into account the main physical, biological and socio-economical characteristics by means of three intermediate indexes. Three different integration methods (worst-case, average and survey-based) along with ESI-based vulnerability scores, V(ESI), proposed for the Cantabrian coast during the Prestige oil spill, have been analyzed and compared in terms of agreement between the classifications obtained with each one for this coastal area. Results of this study indicate that the use of the worst-case index, V(R), leads to a conservative ranking, with a very poor discrimination which is not helpful in coastal oil spill risk management. Due to the homogeneity of this coastal stretch, the rest of the methods, V(I), V(M) and V(ESI), provide similar classifications. However, V(M) and V(I) give more flexibility allowing three indexes for each coastal segment and including socio-economic aspects. Finally, the V(I) procedure is proposed here as the more advisable as using this index promotes the public participation that is a key element in the implementation of Integrated Coastal Zone Management (IZCM).

ANP's strategic regarding the government take considering the volumes of recoverable oil and the Brazilian attractiveness for upstream international investments; Estrategia da ANP quanto ao 'government take', considerando o volume recuperavel e a atratividade do Brasil para investimentos internacionais em 'upstream'

Energy Technology Data Exchange (ETDEWEB)

Motta, Regis [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Escola Politecnica. Dept. de Engenharia Industrial; Margueron, Claudio [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Escola Politecnica. Dept. de Geologia; Aquino, Thereza C.N. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Escola Politecnica. Inst. de Geociencias

2004-07-01

This article discusses the Brazilian Petroleum Agency (ANP) strategy to boost the competitiveness of Brazil in attracting investments to the energy sector, analyzing it both technically and economically. The Campos basin, with its opportunities in heavy oil and deep water exploration, is used as a case study. Previous literature evaluated the economic potential of oil fields under different hypotheses for cost and price structures, reaching the conclusion that the fiscal regime of Brazil in 2000 was internationally competitive and the oil fields under investigation were attractive. This situation no longer applies. Some of the previous hypotheses are reviewed, using the creaming effect, which models both the diminishing success probabilities of drilling and volume levels as a given sedimentary basin approaches its mature stage of exploration. The main conclusion is that a reduction in the government take, lowering the fraction under ANP's control, would foster exploration and production in mature basins. Therefore, a large number of reserves with relatively small VOR's will become feasible, which are currently unattractive, given the hurdle rates observed by the international oil industry. (author)

Maximizing efficiency in the transition to a coal-based economy

International Nuclear Information System (INIS)

Brathwaite, J.; Horst, S.; Iacobucci, J.

2010-01-01

Energy is the lynchpin of modern society. Since the early 1970s, growing dependence on foreign energy sources, oil in particular, has constrained US independence in foreign policy, and at times, inhibited economic stability and growth. Addressing oil dependence is politically and economically complex. Proposed solutions are multifaceted with various objectives such as energy efficiency and resource substitution. One solution is the partial transition from an oil- to coal-based economy. A number of facts support this solution including vast coal reserves in the US and the relative price stability of coal. However, several roadblocks exist. These include uncertain recoverable reserves and the immaturity of 'clean' coal technologies. This paper provides a first order analysis of the most efficient use of coal assuming the transition from oil to coal is desirable. Scenario analysis indicates two possible transition pathways: (1) bring the transportation sector onto the electric grid and (2) use coal-to-liquid fuels to directly power vehicles. The feasibility of each pathway is examined based on economic and environmental factors, among which are energy availability, affordability and efficiency, and environmental sustainability. Results indicate that partial transition of the transportation sector onto the electric grid offers the more viable solution for coal-based reduction of the US oil dependence.

Operational Satellite-based Surface Oil Analyses (Invited)

Science.gov (United States)

Streett, D.; Warren, C.

2010-12-01

Deepwater Horizon, (2) acquire a 24 x 7 oil spill response capability at least on a pre-operational basis, (3) acquire improved and expanded ancillary datasets, (4) reduce the number of false positives (analyzed oil that is not actually oil), (5) acquire the ability to reliably differentiate, at least in general qualitative terms, thick oil (“recoverable oil”) from oil sheens, and (6) join our Canadian counterparts (the Integrated Satellite Tracking of Pollution group in Environment Canada) to create a joint North American center for oil spill response.

Oil, gas field growth projections: Wishful thinking or reality?

Science.gov (United States)

Attanasi, E.D.; Mast, R.F.; Root, D.H.

1999-01-01

The observed `field growth' for the period from 1992 through 1996 with the US Geological Survey's (USGS) predicted field growth for the same period are compared. Known field recovery of field size is defined as the sum of past cumulative field production and the field's proved reserves. Proved reserves are estimated quantities of hydrocarbons which geologic and engineering data demonstrate with reasonable certainty to recoverable from known fields under existing economic and operating conditions. Proved reserve estimates calculated with this definition are typically conservative. The modeling approach used by the USGS to characterize `field growth phenomena' is statistical rather that geologic in nature.

80,000 Inactive Oil Wells: A Blessing or a Curse?

Directory of Open Access Journals (Sweden)

Lucija Muehlenbachs

2017-02-01

Full Text Available For a century, oil and gas wells have been Alberta’s economic pride. That there could be a hidden cost in maintaining these wells past their productive life is difficult to imagine, much less accept. The financial burden of abandoning a well officially is no doubt why Alberta producers delay doing so as long as possible. Turning a blind eye, they routinely keep non-producing wells in a state of “inactive” suspension and refuse to rule out the possibility that someday oil prices or technology, or both, will change significantly enough to make those wells profitable again. In most cases that will never happen, but the province plays along anyway: It enforces no limit on how long a well can be kept inactive before it must be reactivated or abandoned. While a convenience for well owners, there is no benefit to Albertans. They are exposed to the risk of thousands of inactive wells becoming a hazardous threat to public safety. The longer a well is inactive, the higher the likelihood that its owner may no longer be around to arrange and pay for its official abandonment, a process whereby wells are permanently sealed using regulated methods that insure they cause no environmental damage. Oil and gas producers come and go. Periodic price shocks, like the one that recently ravaged the sector, drive companies into insolvency. When the owner of an inactive well is no longer around to pay for its abandonment costs, the well becomes orphaned. Alberta’s permissive policies have led to a situation where there are now more than 80,000 inactive wells in the province. Some have been inactive for decades. If the possibility existed that they could eventually become economical, those wells might be considered a blessing. However, the simulations that model scenarios where prices are substantially higher or where production technology is significantly improved, clearly show that the vast majority of these wells will never be reactivated, no matter how

From chickpeas to oil. The keys to fifteen years of hispanic-mexican economic relations (1977-1992

Directory of Open Access Journals (Sweden)

Santiago Forcada

1993-07-01

Full Text Available This article intends to analyse the evolution of economic relations between Spain and Mexico from the reestablishment of diplomatic relations taking into account both the keys to this evolution and its changes. The authors highlight three distinct periods : a boom between 1977 and 1981 ; a relapse between 1982 and 1986 and a recovery between 1987 and 1992. This division into periods takes note of an initial spectacular increase in which bilateral exchanges were multiplied up to 33 times. A five year period in which oil replaced chickpeas as the main product bought in Mexico (up to four-fifths of the total volume and in which Spanish exports multiplied themselves ten times over. Already from this first phase, the commercial balance was clearly in favour of Mexico, a fact more striking during the second period, during which Spanish imports fell up to 50% but whileher exports were reduced by two-thirds. The key was the fall in the price of oil. The continuity of Spanish oil buying in Mexico however precipitated the recovery of the third period which coincided with the signing of the General Friendship and Cooperation Agreement between both countries. In 1992 Spain regained second place as a customer of Mexico behind the United States while the joint political policies coincide in pointing out that these are two reciprocal pathways to both the EC and US markets. The authors however, sustain that the global evolution of economic blocks does not favour this vision bearing in mind that the composition of and leadership in trade between such blocks will be governed, basically, by the strategies deployed by transnational companies.

Economic evaluation manual

Energy Technology Data Exchange (ETDEWEB)

1975-09-01

An economic analysis on oil or gas property is generally accompanied by a reservoir analysis which predicts the reserves and the performance of the reservoir, recommends the optimum economic method with which to recover the reserves, and through a performance prediction indicates a time schedule for future investments and income. The requirements for a reservoir evaluation are as follows: (1) good reservoir data; (2) oil in place; (3) reservoir energy, both primary and secondary; and (4) reserve calculation and performance predictions for giving both production schedule and selection of secondary recovery mechanisms. Given the above reservoir evaluation parameters, the following are requirements for a complete economic analysis: (1) lease exploration and purchase costs; (2) capital investments schedule dependent upon a reservoir performance prediction; and (3) factors affecting net income such as anticipated selling price of oil and gas and the availability of a market, operating costs and working interest, royalty schedule, depreciation methods, depletion methods and tax schedule. (71 refs.)

Oil scarcity: What have the past three decades revealed?

International Nuclear Information System (INIS)

Watkins, G.C.

2006-01-01

Oil shortages have been predicted over the past 30 years. In fact, oil is more plentiful now in an economic sense than in 1973. The reason for such misconceptions lies mainly in reliance on analytical techniques that do not comprehend oil as an economic commodity

Oil and democracy in Argentina, 1916-1930

International Nuclear Information System (INIS)

Biddle, N.L.

1991-01-01

Argentine society in the 1920s experience strong political, cultural, and economic divisions between the littoral regional surrounding Buenos Aires and the interior provinces to the west and north. Economic recession through World War 1 sparked efforts to wean the economy from total dependence upon agricultural production and export, and petroleum deposits in the south and northwest corners of Argentina offered a wider economic base. Regional conflict quickly arose concerning oil production and control over oil revenues. By mounting a popular anti-imperialist campaign against Standard Oil of New Jersey, the primary interior oil producer, dominant political forces in Buenos Aires worked to nationalize all oil deposits to the detriment of interior provincial interests. To maintain the kinds of political control necessary to fend off this threat, interior conservatives reverted to electoral fraud and violence, especially in the major oil-producing province of Salta. This thesis reconstructs and analyzes the process by which political division on the oil issue hardened and gave way to a conservative reaction leading to an authoritarian regime

Evaluating U.S. oil security and import reliance

International Nuclear Information System (INIS)

Brown, Stephen P.A.; Huntington, Hillard G.

2015-01-01

We examine the literature that considers the consequences of U.S. reliance on imported oil. We take an approach that covers many ideas about the costs arising from U.S. reliance on imported oil, and we identify which of those ideas have broad support in the economics literature and which ideas have only limited support. We also quantify the costs of U.S. reliance on imported oil using two approaches. One is fairly narrow, conforms to the economics view of externalities, and yields small cost estimates. The other is relatively expansive, is favored by some policy analysts, and yields much larger cost estimates. We estimate these costs as expected U.S. economic losses over a time horizon from 2010 through 2035, while taking into account world oil market conditions, market power, probable oil supply disruptions, and the oil-market response to those supply disruptions. - Highlights: • A variety of perspectives on the consequences of U.S. reliance on imported oil. • Quantify and evaluate the costs of U.S. reliance on oil imports. • Narrower approaches are more consistent with the economic definition of externalities. • Narrower approaches yield recommendations for relatively modest policy. • Expansive approaches favored by some policy analysts support more aggressive policy

Strategic thinking on oil development in China

International Nuclear Information System (INIS)

Liu Keyu; Shan Weiguo

2005-01-01

It is expected that crude oil production in China will maintain its current level until 2020. Driven by higher living standards and the rapid development of energy intensive industries, China's oil demand will increase rapidly and might lead to heavier import dependency. Three cases of demand forecasts are presented, but for the sake of sustainable economic and social development, neither the high nor the middle case is favourable for China. Thus, China must seek a path of oil saving economic development, and limit oil consumption to no more than 350MT in 2010 and 450MT in 2020. Meanwhile, in order to secure the oil supply, the following strategies should be adopted: save oil and develop alternative energies; stabilise domestic oil production and to diversify oil imports and overseas oil exploration and development; accelerate the gas industry and introduce strategic petroleum reserves. (author)

The functioning of the oil market during an oil crisis

International Nuclear Information System (INIS)

Hughes, G.; Siner, M.; Tijdhof, B.

2003-01-01

The title study regarding the functioning of the oil market during an oil crisis is carried out with particular reference to the strategic behaviour of oil companies. Section 2 identifies major oil supply disruptions since 1951 and describes some important changes in the market that have occurred in recent decades; Section 3 reviews the economic literature of the functioning of oil markets during disruptions and models of oil supply disruptions; Section 4 examines the response of oil markets to recent supply disruptions; Section 5 examines the incentives and scope for strategic behaviour; Section 6 considers the implications of our analysis for the design of policy responses to oil supply disruptions; Appendix A describes the background to the four recent oil supply disruptions; Appendix B discusses the relationship between spot and futures prices for a storable commodity; and Appendix C is the bibliography

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)

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.

Reference dictionary for economics of oil and gas recovery industry. Slovar-spravochnik po ekonomike neftegazodobyvayushchey promyshlennosti

Energy Technology Data Exchange (ETDEWEB)

Perchik, A I

1983-01-01

In the third edition (second edition in 1976) changes are made and supplements are introduced which have occurred in economics, organization and planning of the oil and gas recovery industry in recent years. New indicators and terms are introduced for norming, automated systems of control, material-technical supply, statistical calculation, forecasting, quality control, legal regulation of the activity of enterprises, etc. The presentation of material takes into consideration the active sector terminological standards.

Renewable and non-renewable energy consumption and economic growth: Evidence from MENA Net Oil Exporting Countries.

OpenAIRE

Kahia, Montassar; Ben Aissa, Mohamed Safouane

2014-01-01

This study investigate the relationship between renewable and non-renewable energy consumption and economic growth in a sample of 13 MENA Net Oil Exporting Countries covering the period 1980–2012 within a multivariate panel framework. The Pedroni (1999, 2004), Kao (1999) as well as the Westerlund (2007) panel cointegration tests indicate that there is a long-run equilibrium relationship between real GDP, renewable energy consumption, non-renewable energy consumption, real gross fixed capital ...

A new oil crisis?

International Nuclear Information System (INIS)

Haffner, R.C.G.; Van Herpt, I.R.Y.

2000-01-01

Recent developments in the oil market are discussed, focusing on the causes of recent price increase, expectations for the near future, why previous oil crises resulted into a recession, and the expected consequences of the oil price increase for the economic growth and inflation. The negative consequences of the high oil price for the European economy can be limited under the condition that claims for higher wages are moderate. 2 refs

Resources and future supply of oil

International Nuclear Information System (INIS)

Kjaerstad, Jan; Johnsson, Filip

2009-01-01

This paper examines global oil resources and the future global oil supply/demand balance. The paper builds upon several comprehensive databases designed during the work and considerable efforts have been made to review what must be considered the most reliable data. Global oil resources have been investigated on three levels; country, company and field levels. Although no decisive conclusions or quantitative assessments can be made with respect to the global oil resource base, remaining resources appear to be sufficient to meet demand up to 2030 as projected in the 2006 (and 2007) world energy outlook by the IEA. Significant resources have already been discovered beyond proven reserves, many prospective regions remain to be fully explored and there are vast volumes of recoverable unconventional oil. However, it is also concluded that global supply of oil probably will continue to be tight, both in the medium term as well as in the long term mainly as a consequence of above-ground factors such as investment constraints, geopolitical tensions, limited access to reserves and mature super-giant fields. Production of unconventional oil and synthetic fuels is not believed to significantly alter this situation. Although an increasing number of recent reports have indicated an imminent or 'soon to come' peak in global oil supply, it has not been found that any of these reports have contributed with any new information on oil resources or oil supply ability. Nevertheless, there is a distinct possibility that global oil production may peak or plateau in a relatively near future, not caused by limited resources but because too many factors over long time constrain investments into exploration and production. The lack of transparency within the oil industry obviously prevents any accurate analysis of future production and supply ability. Moreover, our ability to analyse the sector will become more difficult in the future as oil increasingly will have to be sourced from

Comments on new technical and economic data available for EPA's proposed offshore oil and gas discharge guidelines and standards

International Nuclear Information System (INIS)

1989-01-01

The purpose of this paper is to provide comments on the Environmental Protection Agency (EPA) Notice in the Federal Register entitled, ''Oil and Gas Extraction Point Source Category, Offshore Subcategory; Effluent Limitations Guidelines and New Source Performance Standards; New Information and Request or Comments'' (53 FR 41356; October 21, 1988). This Notice announces the availability of new technical, economic and environmental assessment information relating to the development of Best Available Technology economically achievable (BAT and New Source Performance Standards (NSPS) regulations under the Clean Water Act governing the discharge of drilling fluids (muds) and drill cuttings from offshore oil and gas facilities. The Notice is part of a rulemaking process which formally began with the initial release of rules in August 1985 and which incorporates numerous comments and additional data received subsequent to the release of the 1985 rules. The comments in this paper will concentrate on the following five issues: Estimated project impacts are misrepresented by assuming weighted-average incremental costs of regulation. Economic impacts are inaccurate, since annual compliance costs will likely affect the number of wells drilled, by the effect of compliance costs on project economics and the reduction in industry cash flows on capital available for drilling. Initial well productivity assumptions for various scenarios do not vary with field size. The assumed lease costs, which are based on historical data, do not accurately reflect the future value of leases. The experimental decline rates assumed for the Pacific are too high

Near-term oil prices

International Nuclear Information System (INIS)

Lynch, M.C.

2001-01-01

This PowerPoint presentation included 36 slides that described the state of oil prices and how to predict them. Prices are random, stochastic, chaotic, mean-reverting and driven by speculators, oil companies and OPEC. The many factors that enable price forecasting are economic growth, weather, industry behaviour, speculators, OPEC policy choices, Mexico/Russia production policy, non-OPEC supply and the interpretation of the above factors by OPEC, speculators, traders and the petroleum industry. Several graphs were included depicting such things as WTI price forecasts, differentials, oil market change in 2001, inventory levels, and WTI backwardation. The presentation provided some explanations for price uncertainties, price surges and collapses. U.S. GDP growth and the volatility of Iraq's production was also depicted. The author predicted that economic growth will occur and that oil demand will go up. Oil prices will fluctuate as the Middle East will be politically unstable and weather will be a major factor that will influence oil prices. The prices are likely to be more volatile than in the 1986 to 1995 period. 2 tabs., 22 figs

Used Cooking Oils in the Biogas Chain: A Technical and Economic Assessment

Directory of Open Access Journals (Sweden)

Erika Carnevale

2017-02-01

Full Text Available The current concerns on global energy security, climate change, and environmental pollution represent some of the major elements of the growing interest on renewable energy. In this framework agro-food energy systems are at the center of a twofold debate: on the one hand they represent a key option for energy production while on the other their sustainability is threatened by the expansion of the bioenergy market that could lead to negative social and environmental consequences. The aim of this work is to evaluate—through a case study—the technical and economic feasibility of the replacement of energy crops (ECs with used cooking oil (UCO in an anaerobic digestion (AD full-scale plant. At this purpose, a full-scale plant performing AD was monitored for two years. Three scenarios were developed and compared to evaluate the impacts and the potential benefits in terms of land saving in case of a substitution of ECs with UCO. Results highlighted a reduction of land use of over 50% if UCO is introduced in co-digestion with ECs. The lack of an appropriate legislative framework limits the utilization of used cooking oils (UCOs in AD with a consequently missed opportunity for biogas owners that could find an important alternative in UCO.

Un Manifesto economico per i paesi del Golfo Persico esportatori di petrolio(An Economic Manifesto for the Oil Exporting Countries of the Persian Gulf

Directory of Open Access Journals (Sweden)

Hossein Askari

2012-04-01

Full Text Available The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a formal "Oil Fund for All Generations". Others have proposed and implemented oil funds but in our proposal the government would (in time lose all access to oil revenues; by taking easy money away from governments and rulers, waste, corruption, military expenditures and wars will be reduced, there will be better chance of adopting and implementing rational economic policies, and equity across generations may be enhanced. Hope may be slowly restored to a region that has lost hope. I paesi del Golfo Persico esportatori di petrolio hanno fallito dal punto di vista economico e sociale. È tempo di adottare un approccio radicalmente nuovo alla gestione dei ricavi petroliferi finché vi sono ancora riserve di petrolio e di gas. Noi proponiamo un approccio finalizzato ad azzerare il livello dei ricavi disponibili per i governi, istituendo allo stesso tempo un formale “Fondo petrolifero per tutte le generazioni”. Fondi petroliferi sono stati ipotizzati e realizzati anche da altri, ma nella nostra proposta il governo perderebbe (col tempo qualunque accesso ai ricavi petroliferi; sottraendo denaro facile ai governi e ai sovrani, la probabilità di sprechi, corruzione e guerre risulterebbe ridotta, e vi sarebbe maggiore possibilità di adottare e mettere in pratica politiche economiche razionali finalizzate ad accrescere l’equità tra le generazioni.  JEL Codes: O13, O53, Q48Keywords: Gas; Oil

On the economics of the Russian oil sector

International Nuclear Information System (INIS)

Khartukov, E. M.

1996-01-01

The effects of political changes in the 1990s, particularly the hasty privatization of the oil industry, the all-out price liberalization and the radical transformation of the oil sector's taxation regime in Russia were examined. Details of the various tax regimes - excise duties on crude oil (introduced in 1992), contributions for mineral reserves replacement (1993), royalties on extracted and exported hydrocarbons (1992), investment fund deductions (1992, repealed in 1994), and the general tax on profits, introduced at 32 per cent in 1992, raised to 38 per cent in 1994,- were provided. As a result of this multitude of taxes, this core sector of Russia's economy has turned into the main tax-paying, but hardly profitable, business. It survives on marginal, and at times even negative, after-tax returns. According to official taxation data, in 1994 the after-tax profitability of the country's oil producing industry dropped to seven per cent, compared to 50 per cent enjoyed by Russian crude producers at the beginning of 1992. Downstream refinery margins have been equally low. Since the beginning of liberalization they have rarely exceeded five per cent and often dropped to one per cent. In an effort to save the industry, the government finally provided tax relief by removing export duties for Russian oil products effective December 1, 1995

Geology and assessment of undiscovered oil and gas resources of the North Kara Basins and Platforms Province, 2008

Science.gov (United States)

Klett, Timothy R.; Pitman, Janet K.; Moore, T.E.; Gautier, D.L.

2017-11-15

The U.S. Geological Survey (USGS) recently assessed the potential for undiscovered oil and gas resources of the North Kara Basins and Platforms Province as part of the its Circum-Arctic Resource Appraisal. This geologic province is north of western Siberia, Russian Federation, in the North Kara Sea between Novaya Zemlya to the west and Severnaya Zemlya to the east. One assessment unit (AU) was defined, the North Kara Basins and Platforms AU, which coincides with the geologic province. This AU was assessed for undiscovered, technically recoverable resources. The total estimated mean volumes of undiscovered petroleum resources in the province are ~1.8 billion barrels of crude oil, ~15.0 trillion cubic feet of natural gas, and ~0.4 billion barrels of natural-gas liquids, all north of the Arctic Circle.

Economic and environmental performance of oil transesterification in supercritical methanol at different reaction conditions: Experimental study with a batch reactor

International Nuclear Information System (INIS)

Tomic, Milan; Micic, Radoslav; Kiss, Ferenc; Dedovic, Nebojsa; Simikic, Mirko

2015-01-01

Highlights: • Influence of reaction parameters on FAME yields has been investigated. • The highest yield (93%) was achieved after 15 min at 350 °C and 12 MPa. • Models which predict with high certainty yields at different reaction conditions. • Economic and environmental performance of supercritical transesterification. • The lowest costs and impacts are always achieved at the highest yields. - Abstract: This study aims to investigate the influence of various reaction parameters (temperatures, working pressures and reaction time) on biodiesel yields and environmental and economic performance of rapeseed oil transesterification in supercritical methanol. Experiments were carried out in a laboratory-scale batch reactor. Results were statistically analysed and multiple regression models which describe and predict biodiesel yields with high certainty at different reaction conditions were provided. The highest biodiesel yield (93 wt%) was achieved at 350 °C and 12 MPa after 15 min of reaction. The lowest direct costs and life cycle environmental impacts (in terms of GHG emissions and fossil energy demand) are achieved at the highest yield due to the lowest oil consumption per unit of biodiesel produced. The results of sensitivity analysis showed that even at significantly lower oil feedstock prices this observation stands firm

Near-term world oil markets : economics, politics and prices

International Nuclear Information System (INIS)

Dwarkin, J.

2002-01-01

This paper discusses the three main factors that will determine how OPEC oil production will impact on energy markets. OPEC reassured the market in September 2001, following the terrorist attack in New York that it would not cut oil production, but by December 2001, OPEC was threatening that it would cut production unless many key non-OPEC producers collaborated to shore up prices. On January 1, 2002, OPEC members went ahead with a quota reduction, based on pledges of cuts from the non-OPEC oil exporting countries. World economies, oil demand, and the path which the U.S. economy will take during 2002 is critical in determining what happens next in terms of oil production from OPEC. Another important factor is knowing whether non-OPEC producers will actually cut output to a significant extent. The most critical factor will be the response by OPEC members if non-OPEC exporting countries do not keep their promise

Petro-Safe '95: 6. Annual environmental, safety and health conference and exhibition for the oil, gas and petrochemical industries. Book 3: AFV '95 and Production economics '95 conference papers

International Nuclear Information System (INIS)

Anon.

1995-01-01

Book 3 of the proceedings contains papers from two symposia: Alternative Fueled Vehicles and Production Economics. The Alternative Fueled Vehicles symposium is divided into 3 sections which cover: (1) Hardware and vehicles--school bus fleets and LNG; (2) Fuels and infrastructure--CNG fueling facilities, reformulated gasoline and clean diesel, LNG, future supply trends and domestic energy security, safety issues, and methanol; and (3) Regulatory issues--Clean Cities program, Energy Policy Act and state legislation, Employee Trip Reduction program, and public awareness. The papers in the Production Economics symposium deal with cost-effective methods for marginal field development; economic considerations for offshore platforms and systems; enhanced oil recovery economics; floating production economics; and capital versus operating costs in oil and gas production. Thirty-five papers have been processed separately for inclusion on the data base

for palm kernel oil extraction

African Journals Online (AJOL)

user

Palm nut shell is an aggregate replacement material in concrete production [1]. It is also an economically and ... requirements amongst the machine parameters of vegetable oil expellers. A manually-operated screw ... using such indices as feed rate, capacity, percentage oil recovery, machine efficiency, and oil yield.

The economics of Australia's oil and gas industry

International Nuclear Information System (INIS)

McDonald, Rob

1994-01-01

This article evaluates the performance of the Australian oil and gas industry, focusing on the listed companies. A large part of the Australian oil and gas industry-(as much as 60 per cent)-is held by unlisted companies or by major international groups not listed in Australia. Nevertheless, it was considered that the sample of companies reviewed gives a reasonable guide to overall industry performance. Also, as part of this relative analysis, the Australian oil and gas industry will be compared to other investments that shareholders could have enjoyed. As well, its performance will be compared with the much larger industry in the United States. It is shown that over the past 10 to 20 years, the rate of return that the Australian oil and gas industry has offered to providers of equity capital has been less than industry expectations. While it was a better performer than the smaller US companies, it lagged substantially behind the major three sectors of the US index, which are international integrated gas distribution and domestic. 10 figs

Significance of abolishing British National Oil Corporation

Energy Technology Data Exchange (ETDEWEB)

Mabro, R

1985-04-01

The decision to abolish British National Oil Corporation has greater significance than any commentator, so far, has cared to admit. Mr. Mabro says the Government has done much more than get rid of an institution it had previously weakened and emasculated; in effect, it had abdicated its responsibilities for the pricing of North Sea oil. He further observes that these moves may be consistent with the tenets of a simplistic free-market ideology: they betray, however, a lack of understanding of the economics of oil, and of the UK economic interest in oil.

Oil Producers vulnerability: restrictions for oil supply strategy - OPEC, Mexico and Norway; Indicadores de vulnerabilidade do produtor de petroleo: restricoes a estrategia de oferta - OPEP, Mexico and Norway

Energy Technology Data Exchange (ETDEWEB)

Delgado, Fernanda; Schaeffer, Roberto; Szklo, Alexandre [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-Graduacao de Engenharia (COPPE)

2008-07-01

Few analysts address the socio-economic vulnerability faced by large oil producers countries that restricts their oil supply strategies. However, such as net import countries may be vulnerable to oil supply, large oil exporters countries may also become vulnerable due to their socio-economic dependence on oil, as export revenues are so important to their wealth generation and their populations' well-fare status. The objective of this paper is to evaluate the vulnerabilities of some oil exporters as the OPEC's member-countries, Mexico and Norway face, or may face, and that may restrict their degree of freedom for productive decision making (including investments) and for elaborating oil supply strategies (aiming at taking a larger share of the oil revenue). In order to do that this paper is divided in 3 sections. Initially, socio-economic vulnerability indicators for the oil exporting countries are presented, built and analyzed. Socio-economic vulnerability indicators comprehend, for instance, the following dimensions: physical, productive, fiscal, commercial, macroeconomic and social. The next section regards the application of a multi criteria method, the AHP - Analytic Hierarchy Process in order to summarize and organize the indicators. Finally, implications of the socio-economic vulnerabilities of these oil export countries for the world oil supply and price are derived. (author)

Two-step preparation of nano-scaled magnetic chitosan particles using Triton X-100 reversed-phase water-in-oil microemulsion system

International Nuclear Information System (INIS)

Zhou, Zhengkun; Jiang, Feihong; Lee, Tung-Ching; Yue, Tianli

2013-01-01

Highlights: •A new two-step route for nano-scaled magnetic chitosan particles preparation. •Triton X-100 reversed-phase microemulsion system was used for chitosan coating. •Narrow size distribution of magnetic chitosan nanoparticles was achieved. •Quantitative evaluation of recoverability for the magnetic chitosan nanoparticles. -- Abstract: A new two-step route for the preparation of nano-scaled magnetic chitosan particles has been developed, different from reported one-step in situ preparation and two-step preparation method of reversed-phase suspension, Triton X-100 reversed-phase water-in-oil microemulsion encapsulation method was employed in coating the pre-prepared Fe 3 O 4 nanoparticles with chitosan. The resultant magnetic chitosan particles owned a narrow size distribution ranging from 50 to 92 nm. X-ray diffraction patterns (XRD) indicated that the chitosan coating procedure did not change the spinal structure of Fe 3 O 4 magnetic nanoparticles. The results of Fourier transform infrared (FTIR) analysis and thermogravimetric analysis (TGA) demonstrated that the chitosan was coated on Fe 3 O 4 nanoparticles and its average mass content was ∼50%. The saturated magnetization of the magnetic Fe 3 O 4 /chitosan nanoparticles reached 18.62 emu/g, meanwhile, the nanoparticles showed the characteristics of superparamagnetism. The magnetic chitosan nanoparticles showed a high recoverability of 99.99% in 10 min when pH exceeded 4. The results suggested that the as-prepared magnetic chitosan particles were nano-scaled with a narrow size distribution and a high recoverability

Summary of the analyses for recovery factors

Science.gov (United States)

Verma, Mahendra K.

2017-07-17

IntroductionIn order to determine the hydrocarbon potential of oil reservoirs within the U.S. sedimentary basins for which the carbon dioxide enhanced oil recovery (CO2-EOR) process has been considered suitable, the CO2 Prophet model was chosen by the U.S. Geological Survey (USGS) to be the primary source for estimating recovery-factor values for individual reservoirs. The choice was made because of the model’s reliability and the ease with which it can be used to assess a large number of reservoirs. The other two approaches—the empirical decline curve analysis (DCA) method and a review of published literature on CO2-EOR projects—were deployed to verify the results of the CO2 Prophet model. This chapter discusses the results from CO2 Prophet (chapter B, by Emil D. Attanasi, this report) and compares them with results from decline curve analysis (chapter C, by Hossein Jahediesfanjani) and those reported in the literature for selected reservoirs with adequate data for analyses (chapter D, by Ricardo A. Olea).To estimate the technically recoverable hydrocarbon potential for oil reservoirs where CO2-EOR has been applied, two of the three approaches—CO2 Prophet modeling and DCA—do not include analysis of economic factors, while the third approach—review of published literature—implicitly includes economics. For selected reservoirs, DCA has provided estimates of the technically recoverable hydrocarbon volumes, which, in combination with calculated amounts of original oil in place (OOIP), helped establish incremental CO2-EOR recovery factors for individual reservoirs.The review of published technical papers and reports has provided substantial information on recovery factors for 70 CO2-EOR projects that are either commercially profitable or classified as pilot tests. When comparing the results, it is important to bear in mind the differences and limitations of these three approaches.

Identification, Verification, and Compilation of Produced Water Management Practices for Conventional Oil and Gas Production Operations

Energy Technology Data Exchange (ETDEWEB)

Rachel Henderson

2007-09-30

The project is titled 'Identification, Verification, and Compilation of Produced Water Management Practices for Conventional Oil and Gas Production Operations'. The Interstate Oil and Gas Compact Commission (IOGCC), headquartered in Oklahoma City, Oklahoma, is the principal investigator and the IOGCC has partnered with ALL Consulting, Inc., headquartered in Tulsa, Oklahoma, in this project. State agencies that also have partnered in the project are the Wyoming Oil and Gas Conservation Commission, the Montana Board of Oil and Gas Conservation, the Kansas Oil and Gas Conservation Division, the Oklahoma Oil and Gas Conservation Division and the Alaska Oil and Gas Conservation Commission. The objective is to characterize produced water quality and management practices for the handling, treating, and disposing of produced water from conventional oil and gas operations throughout the industry nationwide. Water produced from these operations varies greatly in quality and quantity and is often the single largest barrier to the economic viability of wells. The lack of data, coupled with renewed emphasis on domestic oil and gas development, has prompted many experts to speculate that the number of wells drilled over the next 20 years will approach 3 million, or near the number of current wells. This level of exploration and development undoubtedly will draw the attention of environmental communities, focusing their concerns on produced water management based on perceived potential impacts to fresh water resources. Therefore, it is imperative that produced water management practices be performed in a manner that best minimizes environmental impacts. This is being accomplished by compiling current best management practices for produced water from conventional oil and gas operations and to develop an analysis tool based on a geographic information system (GIS) to assist in the understanding of watershed-issued permits. That would allow management costs to be kept in

Measuring energy security. Can the United States achieve oil independence?

International Nuclear Information System (INIS)

Greene, David L.

2010-01-01

Stochastic simulation of the direct economic costs of oil dependence in an uncertain future is proposed as a useful metric of oil dependence. The market failure from which these costs arise is imperfect competition in the world oil market, chiefly as a consequence of the use of market power by the Organization of the Petroleum Exporting Countries (OPEC) cartel. Oil dependence costs can be substantial. It is estimated that oil dependence costs to the US economy in 2008 will exceed $500 billion. Other costs, such as military expenditures or foreign policy constraints are deemed to be largely derivative of the actual or potential economic costs of oil dependence. The use of quantifiable economic costs as a security metric leads to a measurable definition of oil independence, or oil security, which can be used to test the ability of specific policies to achieve oil independence in an uncertain future. (author)

How equity markets view heavy oil

Energy Technology Data Exchange (ETDEWEB)

Janisch, M. L. [Nesbitt Burns Research, Toronto, ON (Canada)

1996-12-31

Factors that influence the equity market in investment decisions vis-a-vis the oil sands/heavy oil industry were reviewed. The importance of financing methods (debt, royalty trusts, common equity), liquidity of investments, absolute vs. relative performance, comparative economics vis-a-vis conventional oil producers, oil prices, operating cost drivers (technology, natural gas costs, cost/availability of diluent), transportation and refining capacity, were summarized. In the final analysis, consistent economic success on a large scale, combined with an assessment of available alternatives, were considered to be the most likely motivators for portfolio managers. As a cautionary note, it was noted that traditionally, oil and gas investors have not been known to be in the forefront to invest in research and development.

How equity markets view heavy oil

International Nuclear Information System (INIS)

Janisch, M. L.

1996-01-01

Factors that influence the equity market in investment decisions vis-a-vis the oil sands/heavy oil industry were reviewed. The importance of financing methods (debt, royalty trusts, common equity), liquidity of investments, absolute vs. relative performance, comparative economics vis-a-vis conventional oil producers, oil prices, operating cost drivers (technology, natural gas costs, cost/availability of diluent), transportation and refining capacity, were summarized. In the final analysis, consistent economic success on a large scale, combined with an assessment of available alternatives, were considered to be the most likely motivators for portfolio managers. As a cautionary note, it was noted that traditionally, oil and gas investors have not been known to be in the forefront to invest in research and development

Effect of well network density on economic effectiveness of exploiting oil and gas fields

Energy Technology Data Exchange (ETDEWEB)

Kortunov, I V; Kats, A Ya

1965-04-01

A detailed discussion is presented of procedures and reasoning used by Soviet economists to determine the cost of producing a ton of oil. According to some authors the cost of production is at a minimum if less than 1% of the reserve is produced per year. This approach assumes a very large well spacing and that the wells flow. Other authors show that the cost of production does not continuously decrease as well spacing is increased. Data to support each argument are presented. No agreement is reached as to the best method of determining the most economic well spacing.

Renewable and non-renewable energy consumption and economic growth: Evidence from MENA Net Oil Importing Countries