POTENTIAL IMPACTS OF GAS-TO-LIQUIDS ON THE OIL AND GAS INDUSTRY

2002 ◽  
Vol 42 (1) ◽  
pp. 47
Author(s):  
P.D. Patterson ◽  
R. Payne ◽  
S.S. Tam
Keyword(s):  
Production Rate ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Depth Of Penetration ◽  
Consumer Market ◽  
Potential Growth ◽  
Gas Industry ◽  
Cost Reductions ◽  
Current Production ◽  
Gas To Liquids

Over the past decade interest in gas-to-liquids (GTL) technology within the oil and gas industry has been on the rise. Depending on the level of cost reductions obtained, this technology has the potential to create a significant change in the oil and gas industry. In an effort to consider these changes, this paper will address the following issues:Can GTL technology redefine the energy industry’s present structure and give rise to a broad range of new competitors and/or products? If so, how and when is it likely to happen?Our answer to the first part of the question is, simply, yes. GTL technology certainly has the potential. However, the depth and breadth and timing of GTL’s penetration into the industry will be driven by forces of cost, price and environmental regulations. The depth of penetration depends on the answers to the following questions: Can GTL plants be built for US$25,000/bpd or less? What impact will scale and learning curve have on cost reductions? What premium will the consumer market give for GTL products? Is the peak production for conventional oil production on the horizon?If the development of the LNG industry is representative of the potential growth in the GTL industry, we could project a GTL production rate of 1,000,000 bpd in 2025, or about 1.3% of the world’s current production rate.

Physical and Numerical Modeling of the Performance of Dynamically Installed Anchors in Clay

2014 ◽  
Author(s):  
X. D. Liu ◽  
J. Sun ◽  
J. T. Yi ◽  
F. H. Lee ◽  
H. Gu ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Cost Effective ◽  
Oil And Gas Industry ◽  
Offshore Structures ◽  
Model Tests ◽  
Embedment Depth ◽  
Depth Of Penetration ◽  
Pile Capacity ◽  
Gas Industry ◽  
Pull Out

Depletion of shallow-water hydrocarbons is increasingly forcing the oil and gas industry to explore in deeper water. Dynamically installed anchors (i.e. torpedo anchors and deep penetrating anchor) are increasingly used as a cost-effective solution for floating offshore structures in deep water environments because their installation cost is largely independent of water depth. In addition, dynamically installed anchors can be deployed accurately, and their performance is less dependent on accurate assessment of the soil shear strength since lower seabed strengths permit greater penetration depths. Despite of the economic advantages afforded by dynamically installed anchors, there remain significant uncertainties in the prediction of the embedment depth and verticality, which is likely to affect their long-term holding capacity. Currently, the holding capacity of the dynamically installed anchors is assessed using conventional pile capacity techniques, which neglect discrepancies in the rate of installation and failure mechanism between them. This paper presents a series of model tests simulating dynamic installation and monotonic pull-out of dynamically installed anchors in normally consolidated clay. The model tests are carried out in a beam centrifuge at 100g, with varying penetration angles, extraction angles and model masses. A special designed apparatus allows model anchors to be penetrated and extracted with different penetration angles. The test results show that for models without fins, no matter by which angle the model penetrated the soil, the smallest value of holding capacity is obtained when the pullout and penetration directions are the same. Results also indicate that the penetration depth linearly increases with the anchor mass. This study also reported the results from finite element (FE) analyses. The Coupled Eulerian-Lagrangian (CEL) approach in the commercial FE package Abaqus/Explicit is carried out to simulate dynamic anchor installation. The findings of this study points to a method of assessing the minimum holding capacity of the anchor and its depth of penetration. Further study is now on-going to study the behavior of finned anchors.

Deployment of Digital NDT Solutions in the Oil and Gas Industry

2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

The Political Economy of Power: Approaches to the Analysis of Relationships between the State and Business in Russia

2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik
Keyword(s):  
Oil And Gas ◽  
Road Construction ◽  
Oil And Gas Industry ◽  
Retail Trade ◽  
Business Community ◽  
The Political ◽  
Economic Power ◽  
Gas Industry ◽  
The Road ◽  
Ruling Elites

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.

Consideration of Geopolitical Challenges within the Analysis of Geoenvironmental Risks for Oil and Gas Development of the Russian Arctic

2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Optimal Operation ◽  
The Arctic ◽  
Stage Model ◽  
Oil And Gas Development ◽  
Gas Industry ◽  
The Impact ◽  
Further Development ◽  
Geopolitical Risks

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest

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