scholarly journals Energy strategies of China and their impacts on energy shipping import through the Straits of Malacca and Singapore

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yuwei Yin ◽  
Jasmine Siu Lee Lam
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Oil And Gas ◽  
Gas Production ◽  
Transport Costs ◽  
Domestic Production ◽  
Content Type ◽  
Oil Storage ◽  
Straits Of Malacca ◽  
Energy Strategies

PurposeThis study aims at investigating how energy strategies of China impact its energy shipping import through a strategic maritime link, the Straits of Malacca and Singapore (SOMS).Design/methodology/approachVector error-correction modelling (VECM) is applied to examine the key energy strategies of China influencing crude oil and liquefied natural gas (LNG) shipping import via the SOMS. Strategies investigated include oil storage expansions, government-setting targets to motivate domestic gas production, pipeline projects to diversify natural gas import routes and commercial strategies to ensure oil and gas accessibility and cost-effectiveness.FindingsFor the crude oil sector, building up oil storage and diversifying oil import means, routes and sources were found effective to mitigate impacts of consumption surges and price shocks. For the LNG sector, domestic production expansion effectively reduces LNG import. However, pipeline gas import growth is inefficient to relieve LNG shipping import dependency. Furthermore, energy companies have limited flexibility to adjust LNG shipping import volumes via the SOMS even under increased import prices and transport costs.Practical implicationsAs the natural gas demand of China continues expanding, utilisation rates of existing pipeline networks need to be enhanced. Besides, domestic production expansion and diversification of LNG import sources and means are crucial.Originality/valueThis study is among the first in the literature using a quantitative approach to investigate how energy strategies implemented in a nation impact its energy shipping volumes via the SOMS, which is one of the most important maritime links that support 40% of the global trades.

Shale Energy Shapes Global Energy Markets

2013 ◽  
Vol 226 ◽  
pp. F40-F45 ◽  
Author(s):  
Janusz Chojna ◽  
Miklós Losoncz ◽  
Paavo Suni
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Oil And Gas ◽  
Extraction Methods ◽  
Gas Production ◽  
Global Energy ◽  
Oil And Gas Production ◽  
Long Run ◽  
The Us ◽  
Price Differences

Unconventional resources of crude oil and natural gas – shale energy – increased significantly in the US in the early 2000s, triggered by the strong rise in the price of crude oil and technical advances in production. The US is a clear forerunner in the production of shale energy, due to its existing knowledge and infrastructure. The rest of the world is following, although negative environmental effects and other factors have obstructed the diffusion of new extraction methods. In Europe, Polish production is expected to start in the next few years, although environmental concerns are delaying the onset. The rise in the importance of shale energy will increase global oil and gas production markedly. The rising global supplies will improve global energy security in the long run and help to stabilise the large international price differences for natural gas.

scholarly journals The Conceptual Principles of Improving the Management of the Gas Production Complex of Ukraine on the Bases of the Experience of Leading Oil and Gas Companies

2020 ◽  
Vol 12 (515) ◽  
pp. 165-172
Author(s):  
N. M. Andriishyn ◽  
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Management System ◽  
Oil And Gas ◽  
Gas Production ◽  
Gas Pipelines ◽  
Geophysical Research ◽  
Oil Refineries ◽  
Natural Gas Pipelines ◽  
Production Complex

The main directions of improvement of the gas production complex management and the role of individual factors affecting the efficiency of its activities are determined. Taking into account that the oil and gas complex is a system of enterprises and organizations for various functional purposes, united to meet the needs of consumers in provision of natural gas, on the example of improving the organizational structure and management system of NK «YUKOS», all stages of its transformation into a world–class oil company are considered. Recommendations on the use of positive experience in Ukraine are provided. It is shown what achievements of NK «YUKOS» have already been taken into account in the reform of the management system of JSC «Ukrgasvydobuvannya», – in particular, today it is conditionally represented by three large sectors: upstream, midstream and downstream. The upstream sector includes the search for potential underground or underwater natural gas fields, drilling of exploration wells, drilling and operation of the wells extracting unprocessed natural «wet» gas; the midstream sector provides transportation (pipelines, railways, barges, oil trucks or regular trucks), storage and wholesale of gas, while networks of natural gas pipelines aggregate gas from natural gas purification stations and deliver it to consumers – local utilities; the downstream sector usually refers to the processing and purification of natural gas, crude oil, as well as the sale and distribution of products derived from natural gas and crude oil. Distribution by sector in gas production allows to classify fixed assets in accordance with the above–mentioned sectors: drilling rigs, offshore drilling platforms, well repair machines, software for geological exploration and geophysical research – upstream; well plumes, inter–industrial gas pipelines, condensate pipelines, oil pipelines, booster compressor stations, equipment for the complex gas preparation – midstream; gas processing and oil refineries, petrol stations – downstream. Much attention is paid to the development of the intellectual potential of the gas production complex, as it ensures both the successful development of production and the formation of effective management of the company.

Chemical Deliquification of Unconventional Gas Wells

2014 ◽  
Author(s):  
K.. Francis-LaCroix ◽  
D.. Seetaram
Keyword(s):  
Natural Gas ◽  
Best Practice ◽  
Oil And Gas ◽  
Large Deviation ◽  
Cost Effective ◽  
Gas Production ◽  
Lessons Learned ◽  
Offshore Platforms ◽  
Gas Wells ◽  
Current Production

Abstract Trinidad and Tobago offshore platforms have been producing oil and natural gas for over a century. Current production of over 1500 Bcf of natural gas per year (Administration, 2013) is due to extensive reserves in oil and gas. More than eighteen of these wells are high-producing wells, producing in excess of 150 MMcf per day. Due to their large production rates, these wells utilize unconventionally large tubulars 5- and 7-in. Furthermore, as is inherent with producing gas, there are many challenges with the production. One major challenge occurs when wells become liquid loaded. As gas wells age, they produce more liquids, namely brine and condensate. Depending on flow conditions, the produced liquids can accumulate and induce a hydrostatic head pressure that is too high to be overcome by the flowing gas rates. Applying surfactants that generate foam can facilitate the unloading of these wells and restore gas production. Although the foaming process is very cost effective, its application to high-producing gas wells in Trinidad has always been problematic for the following reasons: Some of these producers are horizontal wells, or wells with large deviation angles.They were completed without pre-installed capillary strings.They are completed with large tubing diameters (5.75 in., 7 in.). Recognizing that the above three factors posed challenges to successful foam applications, major emphasis and research was directed toward this endeavor to realize the buried revenue, i.e., the recovery of the well's potential to produce natural gas. This research can also lead to the application of learnings from the first success to develop treatment for additional wells, which translates to a revenue boost to the client and the Trinidad economy. Successful treatments can also be used as correlations to establish an industry best practice for the treatment of similarly completed wells. This paper will highlight the successes realized from the treatment of three wells. It will also highlight the anomalies encountered during the treatment process, as well as the lessons learned from this treatment.

Can energy commodities affect energy blockchain-based cryptos?

2019 ◽  
Vol 36 (4) ◽  
pp. 682-699 ◽  
Author(s):  
Ikhlaas Gurrib
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Autoregressive Model ◽  
Structural Breaks ◽  
Price Index ◽  
Principal Component ◽  
Commodity Price ◽  
Var Model ◽  
Content Type ◽  
Heating Oil

Purpose The purpose of this paper is to shed fresh light into whether an energy commodity price index (ENFX) and energy blockchain-based crypto price index (ENCX) can be used to predict movements in the energy commodity and energy crypto market. Design/methodology/approach Using principal component analysis over daily data of crude oil, heating oil, natural gas and energy based cryptos, the ENFX and ENCX indices are constructed, where ENFX (ENCX) represents 94% (88%) of variability in energy commodity (energy crypto) prices. Findings Natural gas price movements were better explained by ENCX, and shared positive (negative) correlations with cryptos (crude oil and heating oil). Using a vector autoregressive model (VAR), while the 1-day lagged ENCX (ENFX) was significant in estimating current ENCX (ENFX) values, only lagged ENCX was significant in estimating current ENFX. Granger causality tests confirmed the two markets do not granger cause each other. One standard deviation shock in ENFX had a negative effect on ENCX. Weak forecasting results of the VAR model, support the two markets are not robust forecasters of each other. Robustness wise, the VAR model ranked lower than an autoregressive model, but higher than a random walk model. Research limitations/implications Significant structural breaks at distinct dates in the two markets reinforce that the two markets do not help to predict each other. The findings are limited by the existence of bubbles (December 2017-January 2018) which were witnessed in energy blockchain-based crypto markets and natural gas, but not in crude oil and heating oil. Originality/value As per the authors’ knowledge, this is the first paper to analyze the relationship between leading energy commodities and energy blockchain-based crypto markets.

scholarly journals The Role of Enhanced Shale Oil & Gas Recovery in the Us & Development & Pricing of Significant Potential Shale Production in Other Countries Such As South America, Canada, & Europe/Asia2018/2019

2019 ◽  
Vol 2 (3) ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
The United States ◽  
Gas Production ◽  
Domestic Water ◽  
Water Supplies ◽  
Hydro Power ◽  
Gas Treatment ◽  
Environmentally Sound

The Role of Science in Developing Enhanced Oil & Gas Resources, Being Environmentally Sound, & Protecting Water Use • Global transformation with fossil fuel as primary source which have an effect on GDP, export/import changes, and global effects on pricing • History of evolution of oil and gas production in the United States • Global development: European Community, India, China, Brazil, Chile, Argentina and Mexico all have proven reserves • All time high extraction of tight natural gas and oil being environmentally sound and protecting domestic water supplies • Hydraulic fracking below potable water supplies • Drilling Diagrams – Vertical and Horizontal, Proper Casing  Record pace of pipeline construction to supply refineries & terminal ports  Pronounced effect on GDP • Natural gas treatment, delivery, from source to energy deficient countries exported as LNG • Cost subsidies and economic pricing of oil and gas extraction, hydro power, coal, nuclear, wind, and solar. Cost of power by region • There are no “Dry Holes” and more attributes of highly advanced geological technology

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