New Energy Development and Utilization of the China National Offshore Oil Corporation

2011 ◽  
Vol 347-353 ◽  
pp. 1172-1179
Author(s):  
Nan Jun Lai
Keyword(s):  
Development Strategy ◽  
Global Economy ◽  
Oil And Gas ◽  
Oil Prices ◽  
Energy Development ◽  
Oil And Gas Producers ◽  
New Energy ◽  
Fast Development ◽  
Development And Utilization ◽  
Offshore Oil

Oil belongs to nonrenewable resources. With the oil supply relatively limited and the global economy enters a fast development cycle and oil demand is increasing, oil prices rising is inevitable. Impact of high oil prices is deep and continuous, will change our country’s energy production and consumption structure. As China’s largest offshore oil and gas producers, China’s CNOOC must take positive and correct development strategy, and energetically develop and use of in the new energy, and provide high quality energy for our country’s economic and social development. This paper expounds some effort in the field of new energy development and utilization of the China National Offshore Oil Corporation(CNOOC), mainly including wind power development, bio-fuels development, natural gas hydrate recover and so on.

Main approaches to estimating the cost of shareholder equity of oil and gas producers

2020 ◽  
Vol 26 (3) ◽  
pp. 685-697
Author(s):  
O.V. Shimko
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Minimum Cost ◽  
Free Cash Flow ◽  
Annual Reports ◽  
Comparative Approach ◽  
Economic Activities ◽  
Advantages And Disadvantages ◽  
Oil And Gas Producers ◽  
The Cost

Subject. The study analyzes generally accepted approaches to assessing the value of companies on the basis of financial statement data of ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum, Devon Energy, Anadarko Petroleum, EOG Resources, Apache, Marathon Oil, Imperial Oil, Suncor Energy, Husky Energy, Canadian Natural Resources, Royal Dutch Shell, Gazprom, Rosneft, LUKOIL, and others, for 1999—2018. Objectives. The aim is to determine the specifics of using the methods of cost, DFC, and comparative approaches to assessing the value of share capital of oil and gas companies. Methods. The study employs methods of statistical analysis and generalization of materials of scientific articles and official annual reports on the results of financial and economic activities of the largest public oil and gas corporations. Results. Based on the results of a comprehensive analysis, I identified advantages and disadvantages of standard approaches to assessing the value of oil and gas producers. Conclusions. The paper describes pros and cons of the said approaches. For instance, the cost approach is acceptable for assessing the minimum cost of small companies in the industry. The DFC-based approach complicates the reliability of medium-term forecasts for oil prices due to fluctuations in oil prices inherent in the industry, on which the net profit and free cash flow of companies depend to a large extent. The comparative approach enables to quickly determine the range of possible value of the corporation based on transactions data and current market situation.

The Role of Oil and Gas in the Economic Development of the Global Economy

2018 ◽  
Author(s):  
Paul Stevens
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Oil And Gas ◽  
Primary Energy ◽  
Oil And Gas Producers ◽  
The Future ◽  
History Of ◽  
Factor Inputs ◽  
The Impact

This chapter is concerned with the role of oil and gas in the economic development of the global economy. It focuses on the context in which established and newer oil and gas producers in developing countries must frame their policies to optimize the benefits of such resources. It outlines a history of the issue over the last twenty-five years. It considers oil and gas as factor inputs, their role in global trade, the role of oil prices in the macroeconomy and the impact of the geopolitics of oil and gas. It then considers various conventional views of the future of oil and gas in the primary energy mix. Finally, it challenges the drivers behind these conventional views of the future with an emphasis on why they may prove to be different from what is expected and how this may change the context in which producers must frame their policy responses.

Oil optimism may face headwinds in Guyana

2016 ◽  
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Economic Environment ◽  
Oil Exploration ◽  
Content Type ◽  
Border Dispute ◽  
Offshore Oil And Gas ◽  
Offshore Oil ◽  
Exploration Activity

Subject The outlook for offshore oil. Significance A recent offshore oil and gas find has given Guyana hope of becoming a significant oil producer. However, while this and an earlier find are encouraging and further exploration is planned, the current uncertain economic environment and fluctuating oil prices suggest that bringing these finds into production is not guaranteed. Impacts Oil exploration activity may prompt a flare-up of the continuing border dispute with Venezuela. A major offshore oil find would have a very significant impact on Guyana's GDP of some 4 billion dollars. However, over-optimism could lead to borrowing against an expected future windfall, or the temptation to prioritise 'vanity' projects.

scholarly journals The impact of new energy development on economic growth

2021 ◽  
Vol 292 ◽  
pp. 01032
Author(s):  
Renrui Liu
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Influence Factors ◽  
Energy Development ◽  
Current Data ◽  
Biomass Energy ◽  
Coordinated Development ◽  
New Energy ◽  
Economic Construction ◽  
The Impact

With the proposal of a sustainable development strategy, the development of new energy is accelerating day by day. The impact of new energy on economic growth has become increasingly apparent. Therefore, this article will analyse the characteristics and development status of new energy. This article focuses on the analysis of the development of new energy in China, including the current data on wind energy and biomass energy in China, so as to put forward the influence factors of the development of new energy on economic construction. At the same time, it also proposed a new energy development strategy centred on economic growth. The purpose of this article is to guide the coordinated development of new energy development and economic growth.

scholarly journals Infrastructure Developing and Economic Growth in United Arab Emirates

2017 ◽  
Vol 8 (1) ◽  
pp. 95 ◽  
Author(s):  
Weal Arafat ◽  
Zhang Ya Bing ◽  
Omar Al-Mutawakel
Keyword(s):  
Development Strategy ◽  
United Arab Emirates ◽  
Oil And Gas ◽  
Debt Crisis ◽  
Oil Prices ◽  
Abu Dhabi ◽  
Economic Market ◽  
Good Investment ◽  
Oil Exports ◽  
The Government

In the past thirty years, the United Arab Emirates non oil sector's contribution to GDP has been rising, the rise of a number of advantages of the industry, such as real estate, trade, tourism, construction, finance, shipping, processing industries. This led to the prosperity of the UAE economic market. UAE has a stable political environment and security community, and keep a good relationship with the major countries. Although the UAE is involved in some areas of conflict, but it has no impact on the overall situation. It has a wealth of oil and gas resources, is one of the most affluent countries in the region and the world, of which the government develop a comprehensive development strategy and efforts to develop non oil and gas industry.Although UAE has the most diversified economy in the GCC, the UAE's economy remains extremely reliant on petroleum(oil). With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and natural gascontinue to play a central role in the economy, especially in Abu Dhabi. More than 85% of the UAE's economy was based on the oil exports in 2009. While Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy. In 2011, oil exports accounted for 77% of the UAE's state budget.The United Arab Emirates attaches great importance to infrastructure construction, and regard it as the basis of economic and social development. Since 70s, the UAE government has invested heavily in the construction of infrastructures, so as to create a favorable environment for foreign capital to enter Dubai. The United Arab Emirates as the most important financial and traffic center of the area, perfect legal system, has clean government and a good investment environment. Although affected by the 2009 Dubai debt crisis and the 2014 international oil prices and other unfavorable factors, but the overall economy is still maintained growth momentum. As an important hub in the Middle East, and the ancient maritime Silk Road of the important station, United Arab Emirates has "The Belt and Road" strategic prospects. In the context of oil prices, the United Arab Emirates non oil economic development is still strong, the development of infrastructure gets maintain stable growth, and investment risk is low.

Application Prospects in China of Oil Shale In Situ Mining Method and an Improved Method

2014 ◽  
Vol 535 ◽  
pp. 602-605 ◽  
Author(s):  
Gui Jie Zhao ◽  
Chen Chen ◽  
Fang Qian
Keyword(s):  
Alternative Energy ◽  
Oil Shale ◽  
Oil And Gas ◽  
Outlet Channel ◽  
Heat Efficiency ◽  
Initial Stage ◽  
New Energy ◽  
Development And Utilization ◽  
Mining Methods

Oil shale resources is a new energy has a huge potential for development, as the complement and alternative energy of the oil and gas, more and more people pay attention to it. China's oil shale resources are widely distributed and reserves are huge, but current mining methods are still primitive, mainly to direct exploitation, exploitation efficiency is low and ecological damage is serious, it will be replaced by in-situ mining methods in the future. This paper summarizes the research of oil shale in situ mining, aims at the problems of that the conduction of heat efficiency is low and the outlet channel is less which exist in the in-situ mining at the present, and put forward the concept of in-situ broken that is using some methods to make the oil shale change from huge to small block in the initial stage of the in-situmining, further in-situ heating, mining of oil shale，and put forward the method of in-situ noncontact wind breaking oil shale, this method using the crushing wind to break the oil shale, having high feasibility. This paper did in-depth research on the in-situ mining, and it can provide a reference for the development and utilization of oil shale resources.

The Study of Countermeasures of Public Building Energy Development in China

2014 ◽  
Vol 1030-1032 ◽  
pp. 698-701
Author(s):  
Shen Sheng Zhang ◽  
Xing Xing Ji ◽  
Hao Yue Shen ◽  
Yue Hu
Keyword(s):  
Energy Efficiency ◽  
New Technologies ◽  
Building Energy ◽  
Energy Development ◽  
Building Energy Efficiency ◽  
Public Buildings ◽  
Public Building ◽  
New Energy ◽  
Article Analysis ◽  
Development And Utilization

This article analysis the public buildings constitute and building energy situation, from the current and long-term considerations.According to existing public building energy efficiency, new-building public building energy efficiency, new energy development and utilization of new technologies,proposes the countermeasure to promote the development of public buildings energy efficiency in China.

A Review of the Research of New Energy Industry Development

2014 ◽  
Vol 1008-1009 ◽  
pp. 1409-1414
Author(s):  
En Chao Zhao ◽  
You Li Wang ◽  
Bo Tao Yan
Keyword(s):  
Quantitative Analysis ◽  
Development Strategy ◽  
National Development ◽  
Developed Countries ◽  
Energy Development ◽  
Grey System Theory ◽  
Policy Support ◽  
Analysis Tool ◽  
Grey System ◽  
New Energy

Developed countries promote the development of new energy to the national development strategy, plan for new energy promotion laws, and provide government finance, financial support for new energy research. Domestic and foreign scholars mostly research from the perspective of quantitative analysis; mainly methods are the grey system theory, analytic hierarchy process, the learning curve and comprehensive forecast growth curve. Researches show that China's new energy development is very necessary, and its development needs the government's policy support and nurture. China's new energy development also has the problems of high development costs, lack of core technology, insufficient of quantitative analysis tool. Therefore, the future of new energy development strategy research is more quantitative, modeling integration, deeper and practical research.

scholarly journals COVID 19: GOVERNMENT RESPONSES TO OIL PRICE

2021 ◽  
Vol 3 (7) ◽  
pp. 01-19
Author(s):  
Chia-Guan Keh ◽  
Yan-Teng Tan ◽  
Siu-Eng Tang
Keyword(s):  
Global Economy ◽  
Oil And Gas ◽  
Movement Control ◽  
Oil Prices ◽  
International Travel ◽  
Closing Price ◽  
Gas Market ◽  
The Government ◽  
Control Order ◽  
The Impact

The outbreak of the coronavirus (COVID-19) has aroused global interest and it had a significant impact on the global economy. The majority of the countries have implemented lockdown regulations and social distancing policies to prevent the spread of COVID-19, which has an unprecedented impact on the oil and gas market. Hence, this scenario motivated us to study how government responses aimed at banning the spread of COVID-19 affect oil prices? To answer this question, this study examines the Movement Control Order imposed by the government to responses the oil prices in Malaysia. The study emphasizes the period from the start of January 2020 to July 2020 when the coronavirus began spreading into Malaysia. We empirically investigate the impact of government responses on both BRENT and WTI’s oil prices. The findings report that the additional one-day stay at home requirements cause a reduction of 29% and 37% in the closing price for BRENT and WTI’s oil prices respectively. Workplace closing results in a 5.7% and 14.3% reduction in the closing price for BRENT and WTI correspondingly. In contrast, international travel controls, restrictions on gatherings, and debt or contract relief for households have a positive relationship with both oil prices of BRENT and WTI. The results of this study might assist the government and investors to understand the impact of Malaysia's government responses to COVID-19 on oil prices.

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