scholarly journals Corrosion Control, Prevention and Mitigation in Oil & Gas Industry

2019 ◽  
Vol 9 (2) ◽  
pp. 1568-1572
Keyword(s):  
Oil And Gas ◽  
Continuous Production ◽  
Oil And Gas Industry ◽  
Co2 Corrosion ◽  
Gas Industry ◽  
Well Control ◽  
Material Choice ◽  
Definition Of ◽  
The Impact ◽  
Oil Gas

The impact of corrosion within the refining industry ends up in the failure of components. This failure leads to closing down the plant to scrub the corroded components. Additionally, corrosion normally causes serious environmental issues, namely spills and releases. A vital resource for all those that are concerned within the corrosion management of oil and gas infrastructure, corrosion management within the oil and gas industry provides engineers and designers with the tools and strategies to plan and implement comprehensive corrosion-management programs for oil and gas infrastructures. Control of corrosion is important for continuous production and evading the well control losses. Materials to be used in down hole have to meet certain characteristics to avoid corrosion and provide additional mechanical strenght. It is potential to determine a logical series of steps for material choice, incorporating analysis of the surroundings, corrosion rate calculations, and final material choice based on established limits. Several developments have taken place in refinement the calculation of CO2 corrosion rates. Moreover, the definition of bitter examination has been reviewed and a way wider evaluation of the relevance of varied established and new materials for various service conditions has been created.

The Impact of News on the MICEX Oil & Gas Index: Textual Analysis

2018 ◽  
Vol 2018 (4) ◽  
pp. 79-99
Author(s):  
Elena Fedorova ◽  
Oleg Rogov ◽  
Valery Klyuchnikov
Keyword(s):  
Oil And Gas ◽  
Pearson Correlation ◽  
Oil And Gas Industry ◽  
Stock Index ◽  
Gas Industry ◽  
Negative News ◽  
The Russian Federation ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Oil Gas

In this study, a relationship between the mood of news and the response of the oil and gas industry index of the Russian Federation was revealed. The empirical base of the study included 8.5 million news from foreign sources. Research methodology: fuzzy sets, naive Bayesian classifier, Pearson correlation coefficient. As a result of the research, it was discovered that: 1) negative news affects the stronger than the positive on the stock index; 2) news on companies affect the value of the index, and news on the industry affect the volume of trading; 3) the sanctions did not significantly affect the coverage of Russian oil and gas companies.

Business environment review 2020

2021 ◽  
Vol 61 (2) ◽  
pp. 347
Author(s):  
Simon Molyneux
Keyword(s):  
Carbon Emissions ◽  
Oil And Gas ◽  
Supply And Demand ◽  
Petroleum Industry ◽  
Commodity Prices ◽  
Oil And Gas Industry ◽  
Business Environment ◽  
Gas Industry ◽  
The Impact ◽  
Oil Gas

The petroleum (oil, gas and LNG) business environment in 2020 was adverse. Two factors disrupted the foundations of the global oil and gas industry. First, the COVID-19 global pandemic caused an unprecedented reduction of demand that combined with high levels of production resulted in oversupply of oil, gas and LNG. This gap between supply and demand resulted in a collapse in commodity prices, reduced revenues and cancelling or deferral of investment. Second, societal awareness of the impact of climate change on planet Earth increased. Pressure to reduce carbon emissions and a concomitant societal-shift against carbon-emissions intensive petroleum-based forms of energy generation intensified. Many major players in the petroleum industry re-framed their strategies to focus on energy supply in general and in some cases plan to cease their exploration, development and production activities in the coming decades. In Australia, in part global factors manifested in the deferral of investment decisions on three LNG investments. The Australian Government signalled that gas developments would be a critical part of Australia’s post-COVID recovery and that management of abandonment and decommissioning liabilities would be a factor in the approval of transactions leading to a change in ownership. This paper will describe each of the factors faced by the industry in 2020 and frame the issues facing the petroleum industry in 2021 and beyond.

scholarly journals The Alberta Land Stewardship Act and its Impact on Alberta's Oil and Gas Industry

2010 ◽  
Vol 48 (2) ◽  
pp. 295 ◽  
Author(s):  
Alan Harvie ◽  
And Trent Mercier
Keyword(s):  
Land Use ◽  
Oil Sands ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Land Use Decisions ◽  
Land Stewardship ◽  
The Government ◽  
The Impact ◽  
Oil Gas

This article discusses the impact of the Alberta Land Stewardship Act – enacted by the Government of Alberta with the goal of developing an overarching land use policy to manage all lands and natural resources in the province – on Albertans generally, as well as the oil, gas, and oil sands industries. Although the implementation of the Act is in its early stages, the article nonetheless argues that the Act, and the authority that it grants, will significantly alter the way that land use decisions are made in Alberta and, of specific interest to those in the oil, gas, and oil sands industries, the manner in which proposed projects are reviewed and approved.

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

Study the effect of casting temperature on details from thermo-plastic materials

2020 ◽  
pp. 42-45
Author(s):  
J.A. Kerimov ◽  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Mold Temperature ◽  
Quality Parameters ◽  
Oil Field ◽  
Casting Temperature ◽  
Gas Industry ◽  
Field Equipment ◽  
Wide Range ◽  
The Impact

The implementation of plastic details in various constructions enables to reduce the prime cost and labor intensity of machine and device manufacturing, decrease the weight of design and improve their quality and reliability at the same time. The studies were carried out with the aim of labor productivity increase and substitution of colored and black metals with plastic masses. For this purpose, the details with certain characteristics were selected for further implementation of developed technological process in oil-gas industry. The paper investigates the impact of cylinder and compression mold temperature on the quality parameters (shrinkage and hardness) of plastic details in oil-field equipment. The accessible boundaries of quality indicators of the details operated in the equipment of exploration, drilling and exploitation of oil and gas industry are studied in a wide range of mode parameters. The mathematic dependences between quality parameters (shrinkage and hardness) of the details on casting temperature are specified.

On Approaches to Taking into Account the Risks of Changing Climatic Conditions when Planning and Implementing Oil and Gas Projects

2021 ◽  
Vol 18 (1) ◽  
pp. 52-65
Author(s):  
P. N. Mikheev
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Climatic Conditions ◽  
Qualitative Assessment ◽  
Physical Factors ◽  
Gas Industry ◽  
Climate Risks ◽  
The Impact

The article discusses issues related to the impact of climate change on the objects of the oil and gas industry. The main trends in climate change on a global and regional (on the territory of Russian Federation) scale are outlined. Possible approaches to the identification and assessment of climate risks are discussed. The role of climatic risks as physical factors at various stages of development and implementation of oil and gas projects is shown. Based on the example of oil and gas facilities in the Tomsk region, a qualitative assessment of the level of potential risk from a weather and climatic perspective is given. Approaches to creating a risk management and adaptation system to climate change are presented.

scholarly journals How Oil Contracts Affect Human Rights

2018 ◽  
Vol 3 (4) ◽  
pp. 30
Author(s):  
Maria João Mimoso ◽  
Clara da Conceição de Sousa Alves ◽  
Diogo Filipe Dias Gonçalves
Keyword(s):  
Human Rights ◽  
Oil And Gas ◽  
Social Issues ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Oil Companies ◽  
The Social ◽  
Oil Contracts ◽  
The 19Th Century ◽  
The Impact

Since the beginning of the 19th century, we have assisted major proliferation of the oil and gas industry. This phenomenon of exponential growth is due to the fact that oil companies hold the world’s oil monopoly on the extraction, processing and commercialization. Therefore, as being one of the most influential sectors in the world, is crucial to strictly regulate how oil and gas contracts concerns the potential environmental and social impacts arising from the conduct of petroleum operations and how such behavior affects the human rights. As a matter of fact, the social issues field is an emerging area, and despite such importance, oil contracts do not often deal with them in great detail, corresponding to an actual emptiness of the human rights provisions. In terms of responsibly, oil companies, have an inalienable obligation to ensure that their actions do not violate human rights or contribute for their violation. This study aims to trace a detailed analysis of the impact of the oil and gas agreements in human rights. In order to fully comprehend the deep effects of this industry, we will examine, in detail, numerous of published oil and gas agreements, as well as, decode which are the real standards and practices accepted by this industry. We will use a deductive and speculative reasoning. We will try to demonstrate how incipient and short protection is given to human rights and what responsible conducts must urgently be developed.

scholarly journals THE IMPACT OF ICTS ON CORE SECTORS OF THE NIGERIAN ECONOMY

2013 ◽  
Vol 1 (3) ◽  
pp. 58-62
Author(s):  
Dike Ike
Keyword(s):  
Business Processes ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Managerial Decision ◽  
Gas Industry ◽  
Agricultural Industry ◽  
Human Endeavor ◽  
Efficiency And Effectiveness ◽  
Information And Communication ◽  
The Impact

Information and Communication Technology (ICT) has taken the center stage in almost every aspect of human endeavor. ICT help companies to improve the efficiency and effectiveness of services offered to customers, and thus enhances business processes, managerial decision making, and workgroup collaborations, thus strengthening their competitive positions in rapidly changing and emerging economies. This paper considers the impacts and trends of ICTs on core sectors of the Nigerian economy. Three core industry sectors of the Nigerian economy were examined namely: Banking Industry, Oil and Gas Industry, and Agricultural Industry in order to examine the level of impact ICTs have on the overall Nigerian economy.

The Impact of Project Management Methodologies on Project Success

2019 ◽  
pp. 418-437
Author(s):  
Hazem Abdulla ◽  
Mukhtar Alhashimi ◽  
Allam Mohammed Hamdan
Keyword(s):  
Project Management ◽  
Oil And Gas ◽  
Project Success ◽  
Qualitative Interviews ◽  
Oil And Gas Industry ◽  
Success Rates ◽  
Gas Industry ◽  
Survey Responses ◽  
The Impact ◽  
Over Time

This study assessed the impact of project management methodologies (PMMs) on project success in the oil and gas industry in the Kingdom of Bahrain. It also explored the different project methodologies used along with their strengths and weaknesses. Quantitative approach with the support of qualitative interviews was used to achieve the objectives of this research. A total of 95 survey responses were received and 17 interviews were conducted. Projects in the oil and gas industry are more about safety than speed, and hence, the use of comprehensive methodologies and applying the relevant methodology elements are important for oil and gas projects. Furthermore, the companies in the oil and gas industry in Bahrain have to pay more attention to their project management methodologies and get it evolved and improved over time to achieve higher project success rates.

Quantifying Economic Uncertainties and Risks in the Oil and Gas Industry

2021 ◽  
pp. 154-184
Author(s):  
Sorin Alexandru Gheorghiu ◽  
Cătălin Popescu
Keyword(s):  
Business Performance ◽  
Oil And Gas ◽  
Water Injection ◽  
Oil And Gas Industry ◽  
Oil Field ◽  
Gas Industry ◽  
Field Development ◽  
Drilling Rig ◽  
Oil Field Development ◽  
Oil Gas

The present economic model is intended to provide an example of how to take into consideration risks and uncertainties in the case of a field that is developed with water injection. The risks and uncertainties are related, on one hand to field operations (drilling time, delays due to drilling problems, rig failures and materials supply, electric submersible pump [ESP] installations failures with the consequences of losing the well), and on the other hand, the second set of uncertainties are related to costs (operational expenditures-OPEX and capital expenditures-CAPEX, daily drilling rig costs), prices (oil, gas, separation, and water injection preparation), production profiles, and discount factor. All the calculations are probabilistic. The authors are intending to provide a comprehensive solution for assessing the business performance of an oil field development.

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