Technological Innovation: Lifeblood of our profession

Geophysics ◽  
1979 ◽  
Vol 44 (2) ◽  
pp. 270-272
Author(s):  
E. John Northwood
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Energy Policy ◽  
Technological Innovation ◽  
Coastal Waters ◽  
Government Regulation ◽  
National Energy Policy ◽  
Wilderness Areas ◽  
Price Policies

Today, I am not going to talk to you about government regulation and legislation. I am not going to talk to you about the intransigence of some who call themselves environmentalists. I am not going to talk to you about the sluggish pace of offshore leasing in federal coastal waters. I am not going to talk to you about land withdrawals, some the size of California, for parks and wilderness areas. I am not going to talk to you about government price policies on natural gas and crude oil. Nor am I going to talk to you about the newly enacted national energy policy — once described by the President as the moral equivalent of war. What I am going to talk to you about today is Technological Innovation, The Lifeblood of Our Profession.

scholarly journals Australian Energy Policy and Conservation

1989 ◽  
Vol 7 (1) ◽  
pp. 37-50
Author(s):  
Robert E. Marks
Keyword(s):  
Energy Conservation ◽  
Crude Oil ◽  
Energy Policy ◽  
Energy Sector ◽  
Oil Price ◽  
Crude Oil Production ◽  
The World ◽  
National Energy Policy ◽  
Industrialised Countries ◽  
Clear Statement

The Publication in April 1988 of the document, Energy 2000: A National Energy Policy, was a landmark, since this was the first clear statement of the Australian Government's energy policy. Previously, Federal Governments had been content to tax domestic crude oil production to the level of the world oil price – so-called import parity pricing – at some benefit to the Revenue, with few other initiatives. After outlining the importance to Australia of the energy sector, this paper examines critically the elements of energy policy as stated in the document, with particular emphasis on policies for energy conservation, in some aspects of which Australia lags behind other industrialised countries. The paper concludes with some suggestions for changes to the stated policies.

Split Estate and Wyoming’s Orphaned Well Crisis: The Case of Coalbed Methane Reclamation in the Powder River Basin, Wyoming

2017 ◽  
Vol 1 (1) ◽  
pp. 1-8 ◽  
Author(s):  
Kathryn Bills Walsh
Keyword(s):  
Natural Gas ◽  
River Basin ◽  
Technological Innovation ◽  
Coalbed Methane ◽  
Powder River Basin ◽  
Gas Wells ◽  
Mineral Rights ◽  
Split Estate ◽  
Legal Condition

This case presents the stakeholder conflicts that emerge during the development and subsequent reclamation of abandoned natural gas wells in Wyoming where split estate, or the separation of surface land and mineral rights from one another, occurs. From 1998 to 2008, the Powder River Basin of northeastern Wyoming experienced an energy boom as a result of technological innovation that enabled the extraction of coalbed methane (CBM). The boom resulted in over 16,000 wells being drilled in this 20,000 square-mile region in a single decade. As of May 2017, 4,149 natural gas wells now sit orphaned in Wyoming as a result of industry bankruptcy and abandonment. The current orphaned wells crisis was partially enabled by the patchwork of surface and mineral ownership in Wyoming that is a result of a legal condition referred to as split estate. As the CBM boom unfolded in this landscape and then began to wane, challenges emerged most notably surrounding stalled reclamation activities. This case illuminates these challenges highlighting two instances when split estate contributed to issues between landowners and industry operators which escalated to litigation.

Analyzing the financial and economic momentum as a result of changes in the interest rate

2020 ◽  
Vol 16 (9) ◽  
pp. 1656-1673
Author(s):  
V.V. Smirnov
Keyword(s):  
Interest Rate ◽  
Natural Gas ◽  
Central Bank ◽  
Crude Oil ◽  
Oil Prices ◽  
Global Capitalism ◽  
Positive Effects ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Interest Rate

Subject. The article discusses financial and economic momenta. Objectives. I determine financial and economic momenta as the interest rate changes in Russia. Methods. The study is based on a systems approach and the method of statistical analysis. Results. The Russian economy was found to strongly depend on prices for crude oil and natural gas, thus throwing Russia to the outskirts of the global capitalism, though keeping the status of an energy superpower, which ensures a sustainable growth in the global economy by increasing the external consumption and decreasing the domestic one. The devaluation of the national currency, a drop in tax revenue, etc. result from the decreased interest rate. They all require to increase M2 and the devalued retail loan in RUB, thus rising the GDP deflator. As for positive effects, the Central Bank operates sustainably, replenishes gold reserves and keeps the trade balance (positive balance), thus strengthening its resilience during a global drop in crude oil prices and the COVID-19 pandemic. The positive effects were discovered to result from a decreased in the interest rate, rather than keeping it low all the time. Conclusions and Relevance. As the interest rate may be, the financial and economic momentum in Russia depends on the volatility of the price for crude oil and natural gas. Lowering the interest rate and devaluing the national currency, the Central Bank preserves the resource structure of the Russian economy, strengthens its positions within the global capitalism and keeps its status of an energy superpower, thus reinforcing its resilience against a global drop in oil prices.

Application of a master meter systemto assure crude oil and natural gas quality during transportation

2018 ◽  
Vol 36 (16) ◽  
pp. 1222-1228 ◽  
Author(s):  
Jasmina Perisic ◽  
Marina Milovanovic ◽  
Ivana Petrovic ◽  
Ljiljana Radovanovic ◽  
Marko Ristic ◽  
...  
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Oil And Natural Gas

scholarly journals Differential hydrocarbon enrichment in deep Paleogene tight sandstones of the Dongpu Depression in Eastern China

2021 ◽  
pp. 014459872098811
Author(s):  
Yuanyuan Zhang ◽  
Zhanli Ren ◽  
Youlu Jiang ◽  
Jingdong Liu
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Large Scale ◽  
Eastern China ◽  
Continuous Distribution ◽  
Gas Reservoirs ◽  
Pyrolysis Gas ◽  
Hydrocarbon Charging ◽  
Dongpu Depression ◽  
Kerogen Pyrolysis

To clarify the characteristics and enrichment rules of Paleogene tight sandstone reservoirs inside the rifted-basin of Eastern China, the third member of Shahejie Formation (abbreviated as Es3) in Wendong area of Dongpu Depression is selected as the research object. It not only clarified the geochemical characteristics of oil and natural gas in the Es3 of Wendong area through testing and analysis of crude oil biomarkers, natural gas components and carbon isotopes, etc.; but also compared and explained the types and geneses of oil and gas reservoirs in slope zone and sub-sag zone by matching relationship between the porosity evolution of tight reservoirs and the charging process of hydrocarbons. Significant differences have been found between the properties and the enrichment rules of hydrocarbon reservoirs in different structural areas in Wendong area. The study shows that the Paleogene hydrocarbon resources are quasi-continuous distribution in Wendong area. The late kerogen pyrolysis gas, light crude oil, medium crude oil, oil-cracked gas and the early kerogen pyrolysis gas are distributed in a semicircle successively, from the center of sub-sag zone to the uplift belt, that is the result of two discontinuous hydrocarbon charging. Among them, the slope zone is dominated by early conventional filling of oil-gas mixture (at the late deposition period of Dongying Formation, about 31–27 Ma ago), while the reservoirs are gradually densified in the late stage without large-scale hydrocarbon charging (since the deposition stage of Minghuazhen Formation, about 6–0 Ma). In contrast, the sub-sag zone is lack of oil reservoirs, but a lot of late kerogen pyrolysis gas reservoirs are enriched, and the reservoir densification and hydrocarbon filling occur in both early and late stages.

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