scholarly journals Energy Regulation and the Role of the Market

1999 ◽  
Vol 37 (2) ◽  
pp. 419 ◽  
Author(s):  
Keith F. Miller
Keyword(s):  
Public Interest ◽  
Oil And Gas ◽  
Free Market ◽  
Market Competition ◽  
Oil And Gas Industry ◽  
Well Being ◽  
Energy Regulation ◽  
Gas Industry ◽  
Market Prices ◽  
Resources Conservation

This article focuses on the changes and effects of tribunal policies and decisions on industry players since the deregulation of the oil and gas industry. Specifically, it addresses the manner in which the National Energy Board and the Alberta Energy ("NEB") and Utilities Board ("EUB") (formerly the Energy Resources Conservation Board) have cultivated a forum that fosters free market competition. In particular, the Boards articulate position of minimal interference in commercial decisions unless public interest or environmental well-being are placed at risk. Specific examples of applications for the construction of new pipelines and resulting NEB decisions and reasons are further highlighted in this article. In addition, the article looks at similar EUB positions regarding pipeline proliferation projects. Overall, the article juxtaposes the need to facilitate energy customers, distributors and producers in achieving fair market prices with the need for tribunal intervention in balancing such transactions with public interest concerns.

scholarly journals Assessment and Analysis of the Decision of the Alberta Court of Appeal in OMERS Energy v. Alberta (Energy Resources Conservation Board)

2012 ◽  
Vol 50 (2) ◽  
pp. 337
Author(s):  
Alicia Quesnel ◽  
Aaron Rogers
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Energy Resources ◽  
Gas Industry ◽  
Resources Conservation ◽  
Court Of Appeal

This article provides an assessment of how the findings of the Alberta Court of Appeal in OMERS Energy v. Alberta (Energy Resources Conservation Board) compare and conflict with the approach historically taken by Canadian courts addressing the capability of a well and related issues. The authors then provide an analysis of uncertainties created by the findings of the Court and discuss the implications of the decision for the upstream oil and gas industry. 

scholarly journals Health and Well-being Challenges of Workers on the Upstream Sector in the Oil and Gas Industry

2021 ◽  
Author(s):  
Leila Mohajeri ◽  
Mohammad Ali Zahed ◽  
Morteza Pakravan
Keyword(s):  
Oil And Gas ◽  
Research Question ◽  
Health And Safety ◽  
Geographical Location ◽  
Oil And Gas Industry ◽  
Well Being ◽  
Gas Industry ◽  
Systematic Assessment ◽  
Physical Chemical ◽  
Health And Well Being

Introduction: Occupational nature, strenuous physical activity, shift work, spatial and geographical location, as well as support facilities and equipment, pose greater risks to individuals in the oil and gas industry, especially those engaged in offshore oil exploration and production activities. The purpose of this article is to explain the issue of health and well-being of oil and gas industry workers with regard to accidents in this industry, which can be better and more effective by managing safety, health and environment (HSE) by modeling events in other countries. Methods: This review article analyzes the health problems of oil and gas workers. The research question is what issues and challenges the upstream part of the oil and gas industry has in the field of employee welfare. Physical, chemical, biological and ergonomic risk factors have been investigated. It has also pushed the specific problems of the drilling industry (restrictions on offshore work, psychological hazards, stresses from frequent relocations, and sleep quality to choose from). Results: Physical, chemical and biological hazards have been identified as the most important hazards. In addition, psychological hazards have a very serious effect on health and safety. Conclusion: Systematic assessment of health risks, personnel health, training programs, accident analysis, is an effective method of HSE management.

What happens when quantum computing re-defines the assessment of investment risk?

2017 ◽  
Vol 57 (2) ◽  
pp. 486
Author(s):  
Mark Laybourn ◽  
John Pascoe
Keyword(s):  
Quantum Computing ◽  
Oil And Gas ◽  
Quantum Computer ◽  
Oil And Gas Industry ◽  
Cash Flows ◽  
Daily Lives ◽  
Gas Industry ◽  
Market Prices ◽  
Investment Evaluation ◽  
Classical Computer

The dawn of quantum computing is upon us and as the world’s smartest minds determine how the technology will change our daily lives, we consider how it could benefit investors in oil and gas projects to make better decisions. The oil and gas industry relies on investment for its survival and investors expect a return commensurate with the risks of a project. The classical approach to investment evaluation relies on mathematics in which estimated project cash flows are assessed against a cost of capital and an upfront investment. The issue with this approach is the key assumptions which underpin the project cash flow calculations such as reserves, production and market prices are themselves estimates which each introduce a degree of risk. If we analysed the financial models of recent oil and gas developments we would find the key assumptions which underpin the projects would be vastly different to reality. The crystal ball of investment evaluation would benefit from a more powerful way to optimise estimates and assess risk. A quantum computer offers the ability to perform optimisation calculations not possible with classical computers. The theoretical ability to run infinite parallel processes (as opposed to sequential processes in classical computers) can fundamentally change the optimisation of estimates. Google and NASA were recently able to solve a highly specialised computing problem with a quantum computer 100 million times faster than a classical computer. The power to significantly improve estimation optimisations and thereby reduce risk will help investors achieve a higher degree of confidence and should see levels of investment increase.

Double exposure and dynamic vulnerability: Assessing economic well-being, ecological change and the development of the oil and gas industry in coastal Louisiana

Shore & Beach ◽  
2020 ◽  
pp. 72-82
Author(s):  
Scott Hemmerling ◽  
Tim Carruthers ◽  
Ann Hijuelos ◽  
Harris Bienn
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Well Being ◽  
Habitat Destruction ◽  
Double Exposure ◽  
Gas Industry ◽  
Differential Outcomes ◽  
Coastal Louisiana ◽  
Fish And Shellfish ◽  
Economic Well Being

The oil and gas industry has been a powerful driver of economic change in coastal Louisiana for the latter half of the 20th century and into the 21st. Yet, the overall impact of the industry on the economic well-being of host communities is varied, both spatially and temporally. While the majority of Louisiana’s oil and gas production now occurs offshore, processing the extracted product is an energy-intensive undertaking requiring an expansive network of land-based infrastructure. Despite the positive economic aspects of this development, there are also potential negatives posed to coastal ecosystems and to communities located adjacent to oil and gas infrastructure. This research utilizes a double exposure framework to explore the relationship between oil and gas infrastructure development, fish and shellfish habitat, and economic well-being in Louisiana’s coastal zone from 1950 to 2010. The approach followed four main steps: (1) Developing a hazardousness of place model to identify areas of magnified risk due to the combined hazards of multiple potential exposure sites related to the extraction and processing of crude oil and natural gas; (2) developing a model of ecological functioning to measure the ability of aquatic habitat to support key fish and shellfish species; (3) utilizing an integrated community economic well-being index to assess change on a decadal timescale; and (4) analyzing selected oil-dependent communities to illustrate how change processes occurring in different energy sectors result in differential outcomes. The results suggest that, for many communities, the dependence on the oil and gas industry has increased economic well-being but also increased sensitivity to natural and human-induced changes, including fluctuating economic conditions, environmental stress, coastal habitat destruction, and increasing social and economic pressures.

scholarly journals Rotational Work and Negative Impact on Mental Wellness: A Study on Sleep and Endurance among Oil and Gas Workers

2021 ◽  
pp. 41-48
Author(s):  
Uloaku Okeke ◽  
Eucharia Oluchi Nwaichi ◽  
Princewill Chukwuemeka Stanley
Keyword(s):  
Public Discourse ◽  
Work Performance ◽  
Oil And Gas ◽  
Rotation Period ◽  
Oil And Gas Industry ◽  
Well Being ◽  
Gas Industry ◽  
Port Harcourt ◽  
Mental Wellness ◽  
The Impact

The impact of mental wellness on the work performance and wellbeing of workers has generated much academic and corporate debates. Most recently, due to some high-profile cases involving the performance and wellness of sports people, conversations around the impact of mental wellness on work performance have dominated public discourse, yet the nature and degree of this impact has not been sufficiently studied and analysed and many questions remain unanswered. Indeed, there has been a growing awareness of the centrality of the role of mental wellness in the productivity of workers, especially in the Oil and Gas industry. Thus, this research sought to investigate how rotational work, its impact on sleep and endurance, affect workers in the Oil and Gas industry, using as methodology a simple random sampling of workers from the Port Harcourt metropolis, in the oil-rich delta area of Nigeria. To obtain data, this research used questionnaires, telephone interviews and cohort discussion session. Questions posed during this research focused on sleep and its perceived effect on endurance. The questionnaires were administered to the workers from selected international Oil and Gas companies located in Port Harcourt. Findings revealed that both sleep and the circadian cycle were negatively affected and impacting the self-reported well-being and productivity of the workers. From the data collected, 27.5% and 66.2%, which represented a total of 93.7% of the respondents, agreed and strongly agreed that their sleep was affected. 100% of the participants in the cohort session agreed that their sleep was affected. Furthermore, the interview sessions revealed specific details as more than 50% of the interview respondents indicated that the sleep distortion affected them even up to the first week of their time off. 48.8% and 37.5% agreed and strongly agreed to the fact that rotational work had effect on their endurance on site. This represented a total of 86.2% of the participants whose endurance level was affected due to rotational work. Over 60% of the participants in the cohort session admitted to feeling of extreme tiredness towards the end of their rotation period and prior to departure from site. The participants unanimously submitted that shorter rotation would give room for adequate recuperation and make work more productive and enhance the sense of mental wellness for rotational Oil and Gas workers.

scholarly journals Foresight Management of National Oil and Gas Industry Development

Energies ◽  
2022 ◽  
Vol 15 (2) ◽  
pp. 491
Author(s):  
Yelena Petrenko ◽  
Igor Denisov ◽  
Oleg Metsik
Keyword(s):  
Oil And Gas ◽  
Group Discussion ◽  
Oil And Gas Industry ◽  
Well Being ◽  
Gas Industry ◽  
Industry Development ◽  
National Priority ◽  
Digital Management ◽  
The Future ◽  
The Government

Changes in modern technologies have led to a decrease in the role of oil and threaten the well-being of oil-exporting countries. The oil and gas industry is the leading one in the economy of Kazakhstan, and the future of the country depends on its development. The purpose of the presented research is to determine the long-term image of the future oil and gas industry and develop a strategy for the government and national companies in different spheres for actions in conditions of increasing uncertainty. The article presents the materials of an expert survey using the Delphi method (211 industry experts) and a group discussion during a foresight session (75 participants), in which the authors provided methodological support and practical participation. The top nine development trends have been identified, the majority of experts (about 90%) see the future of the industry as the development of unmanned production based on digital management and an increase in environmental requirements (85%). The author’s methodology is based on a pragmatic approach to conducting an industry technological foresight in the medium term. The visionary image of the development of the oil and gas industry is built on the basis of the possibilities of technological breakthroughs. The refined image was formed as a response to the challenges of the external environment on the principle of the “Most Advanced, Yet Acceptable”. The main characteristic of the future of the oil and gas industry in Kazakhstan is a deserted production, where the production process is fully automated and robotic. Risks of oil and gas industry development are critical for the entire economy of Kazakhstan, so plans based on industry foresight projections to prevent them are a national priority.

scholarly journals Effects of Workload Job Demand and Ineffective Leadership on Offshore Employee Well-being in Oil and Gas Industry: The Mediating Role of Friend Support

2021 ◽  
Vol 03 (01) ◽  
Author(s):  
M Wazien Afifi Abdul Wahab ◽  
◽  
Imelda Albert Gisip ◽  
Sharifah Nurafizah Syed Annuar ◽  
◽  
...  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Well Being ◽  
Original Research ◽  
Sources Of Information ◽  
Gas Industry ◽  
Friend Support ◽  
Mediating Role ◽  
Job Demand

The aim of this study is to examine effects of workload job demand and ineffective leadership to the offshore employee well-being in oil and gas industry. In addition, this study also seeks to determine the mediating role of friend support to the relationships of workload job demand and ineffective leadership with offshore employee well-being. This paper is mainly based on secondary sources of information, through references and review of articles in selected journals pertaining to workload job demand, ineffective leadership and employee well-being in oil and gas industry. This paper highlights past studies on the effects of workload job demand and ineffective leadership to the offshore employee well-being. The reviews also address the related gaps from previous studies. This research paper is based on original research which seeks to contribute new knowledge and new approaches to solving existing problems by adapting and testing the mediating effects of friend support to the relationships between workload job demand and ineffective leadership with employee well-being particularly in the oil and gas industry.

OIL SPILL CONTROL IN ALBERTA

1977 ◽  
Vol 1977 (1) ◽  
pp. 91-94
Author(s):  
V. E. Bohme ◽  
E. R. Brushett
Keyword(s):  
Oil Spill ◽  
Oil And Gas ◽  
Comprehensive Evaluation ◽  
Salt Water ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Rehabilitation Programs ◽  
Resources Conservation ◽  
Spill Control ◽  
High Degree

ABSTRACT Alberta is a major oil-producing region in North America. In excess of one-half billion barrels per year are produced from 10,000 oil wells. Oil and produced salt water are transported through 20,000 miles of pipelines. More than 600 oil and salt water spills per year occur, generally on land. The Energy Resources Conservation Board is responsible for the administration of the oil and gas industry. The board's policies and regulations relating to spill prevention, oil spill contingency planning, containment and cleanup are broad and flexible to permit industry a relatively high degree of freedom to operate in this area of rapidly-changing technology. While each company is held responsible for containment and cleanup of its own spills, the board supports the oil spill cooperative concept in spill equipment maintenance, contingency plan preparation and spill response training. Careful containment and cleanup of oil and salt spills will minimize soil and vegetation damage. This, followed by comprehensive evaluation of spill effects, enables implementation of more effective rehabilitation programs.

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