With the development of economics, oil has an important influence on social stability. The key challenge for oil import is steady supply. However, in this article, we do not focus on this aspect but the fluctuation of crude oil price when emergency…
Road transportation in Chinese petroleum industry is experiencing many risks such as the fluctuating nature of gas prices, changing regulations, driver retention issues and claims. These risks are causing low or even negative profit, which makes…
The most important reason for the development of the world energy market is the sustainable increase in energy production and consumption. Environmental factors and inter-fuel competition influence the structure of the market. Such factors as the…
The high oxygen content of bio-oil still impedes its direct use as a transportation fuel. The vast experience of the petroleum refinery industry in fuel upgrading, however, provides an incentive to explore co-processing options. In this study, the…
Despite the growing share of renewable energy sources, most of the world energy supply is still based on hydrocarbons and the vast majority of world transport is fuelled by oil products. Thus, the profitability of many companies may depend on the…
It is clear for the transportation industry that asphalt prices are heavily affected by changes in the crude oil market. This occurs because asphalt is a byproduct of the process of refining crude oil. However, there is still a lack of research on…
Energy usage in the transportation sector has been increasing in Turkey. Good management of energy is important as well as a reliable prediction of the energy demand in the transportation sector. The main objective of this research is to predict…
In order to explore the supply-demand relationship of world crude oil tanker transportation, a model was established to calculate the ship utilization rate of world maritime crude oil network. Taking the year 2014 as an example, world oil trade was…
More than 2,600 trillion cubic feet (Tcf) of natural gas reserves are considered as stranded internationally, outside of North America (i.e., not connected to production). This figure is essentially equal to the 2,800 Tcf currently connected to…
The life cycle of the product is an assessment of the potential impact of the product on the natural environment. During the product life cycle, we take into account the stages through which the product passes throughout its entire life cycle. At…
North America is experiencing a boom in crude oil supply, primarily due to growing production in the Canadian oil sands and the recent expansion of shale oil production from the Bakken fields in North Dakota and Montana as well as the Eagle Ford and…
Crude evacuation to the export terminals takes more than 45% of the operating expenditure of some marginalfield operators (MFOs) in Nigeria. Many studies on marginal field investment focus more on compositeoperating cost analysis, hence overlooking…
The petrochemical supply chain is a worldwide undertaking, where final products will often travel thousands of miles from oil well to gas station pump. Within the crude oil supply chain, various entities compete and attempt to maximize their profits…
Taking a typical oil transfer station in eastern China as an example in this paper, exergy economics theory in algebraic pattern is applied to the energy system of the oil transfer station on the basis of the exergy analysis. By analysing the cost…
The strategic importance of the Strait of Hormuz to the global oil market has been linked with incessant tensions among the oil player states in recent times. As a main contribution to literature, the current study examines crude oil production in…
In this study, oil production and retention were observed and compared in 72 reservoir simulation cases, after which an economic analysis for various CO2 and oil prices was performed. Reservoir simulation cases comprise different combinations of…
East Asia is the world's main natural gas importing region, in which China became the world's largest gas importer in 2018. However, China's natural gas imports are subject to a high premium level, which increases the gas import cost and negatively…
We assessed the technical and economic viability of small-scale plants producing “drop-in replacement” transportation fuels from non-food biomass and capturing and storing byproduct CO2 in spent shale-gas wells. Additional designs considered…
The U.S. Energy Information Administration (EIA) projects that U.S. natural gas prices will provide a substantial cost advantage over petroleum products as a transportation fuel during the next 30+ years. Although U.S. natural gas prices closely…
This paper employs the mixed-frequency vector autoregression (MF-VAR) to assess the causal relationship between geopolitical risk (GPR) and crude oil security (COS) for China. In contrast to prior papers, we regard GPR as an independent variable…
Although condensate oils are neither well defined nor have a known chemical composition, they are considered by the petroleum industry to be good candidates for the dilution of heavy crude oil as this generates a blend with a lower viscosity. This…
In this paper, we review and analyze the salient features of the ongoing energy transition from a high to a low carbon economy. Our analysis shows that this transition will require decarbonizing the power, transport, and industry sectors, and the…
This study proposes economic evaluation of CO2 geological storage with enhanced oil recovery. The procedures consider capital expenditures and operating costs of infrastructures and revenues from oil recovery and carbon tax credits. Extensive CO2…
With the popularity of the deep learning model in the engineering fields, it has attracted significant research interests in the economic and finance fields. In this paper, we use the deep learning model to capture the unknown complex nonlinear…
The emphasis of this paper is to show the existence of some non-energy benefits that can be taken into account in an energy efficiency investment aimed to reduce energy consumption and increase production and product quality in an oil and gas…
Along with the maturation of main oil exploration and production (E&P) areas in the world, the industryhas started to seek for new investment opportunities that have been considered unattractive so far. Amongsuch opportunities might be small oil…
Along with the maturation of main oil exploration and production (E&P) areas in the world, the industry has started to seek for new investment opportunities that have been considered unattractive so far. Among such opportunities might be small oil…
Oil and gas companies are facing low output prices and are forced to focus on the development of mature fields. Relevant investment decisions for operators include lifetime-enhancing activities, such as drilling new wells or permanent shutdown. We…
Under international situation of long term low oil price, it is increasingly difficult to develop offshore oil&gas field for low economic benefits. So it is necessary to study on optimization measures to improve the economic benefits. For certain…
The article notes that at present the competition in the global hydrocarbon market has intensified significantly. This is due to the complication of mining and geological conditions of occurrence of oil and gas layers, depletion of reserves in…
The current global economic trends of low commodity prices for hydrocarbons, competition due to the emergence ofshaleoil andgas, as well as the decline in production from mature oilfields in Trinidad and Tobago (TT) have fuelled the need for the…
Energy resources have acquired a strategic significance for economic growth and social welfare of any country throughout the history. Therefore, the prediction of crude oil price fluctuation is a significant issue. In recent years, with the…
Price fluctuations in the crude oil market is important to both financial practitioners and market participants, since it not only affects investors’ investment, portfolio allocation and risk evaluation, but also influences strategic planning and…
This paper analyzes the dynamics of U.S. lithium mining companies, the lithium industry and West Texas Intermediate (WTI) crude oil prices using a Fractional Cointegration Vector AutoRegressive model (FCVAR model) and a Continuous Wavelet Transform…
As oil prices are fluctuating, decision makers are challenged to make the "best" decisions for field's developments. Decision Tree Analysis (DTA) can help decision makers to make the "best" decisions. DTA focuses on managerial decisions, such as…
In a time of prolonged low oil prices and uncertainty in the future outlook for the oil and gas industry, oil companies and operators are looking for innovative ways of combining available technologies in order to maximize hydrocarbon production…
Tight oil reservoirs typically have an estimated ultimate recovery of less than 10% after hydraulic fracturing, where enhanced oil recovery (EOR) technique is needed. Comparing to the gas-EOR, the surfactant-EOR neither alters the current fracturing…
In this study, we propose algorithms to predict future stock market trends based on 8 different input features, including financial technology indicators, gold prices, a gold price volatility index, crude oil price, a crude oil price volatility…
Combinations of surfactant-polymer (SP) and alkali-surfactant-polymer (ASP) have proven, in the laboratory and the field, to be good methods for enhanced oil recovery (EOR). However, field implementation of these methods has not been widely…
Aging facilities are a common issue within the oil and gas industry. This research demonstrates a practical approach to aging life extension, taking into account risks and constraints, such as budgets, resources and offshore field-level logistics.…
Gas huff-n-puff in unconventional reservoirs has been studied extensively in the past five years due to a large number of shale resources available and their dramatic production decline. With the increasing natural gas availability and its low price…
More than 2,600 trillion cubic feet (Tcf) of natural gas reserves are considered as stranded internationally, outside of North America (i.e., not connected to production). This figure is essentially equal to the 2,800 Tcf currently connected to…
Crude evacuation to the export terminals takes more than 45% of the operating expenditure of some marginalfield operators (MFOs) in Nigeria. Many studies on marginal field investment focus more on compositeoperating cost analysis, hence overlooking…
Aging facilities are a common issue within the oil and gas industry. This research demonstrates a practical approach to aging life extension, taking into account risks and constraints, such as budgets, resources and offshore field-level logistics.…
In a time of prolonged low oil prices and uncertainty in the future outlook for the oil and gas industry, oil companies and operators are looking for innovative ways of combining available technologies in order to maximize hydrocarbon production…
This paper employs the mixed-frequency vector autoregression (MF-VAR) to assess the causal relationship between geopolitical risk (GPR) and crude oil security (COS) for China. In contrast to prior papers, we regard GPR as an independent variable…
This paper analyzes the dynamics of U.S. lithium mining companies, the lithium industry and West Texas Intermediate (WTI) crude oil prices using a Fractional Cointegration Vector AutoRegressive model (FCVAR model) and a Continuous Wavelet Transform…
Since 2013, China has implemented a new retail price-cap regulation for refined oil together with a quota regulation for crude oil imports due to concerns about the negative impacts of oil price fluctuations. This study aims to explore for the first…
This paper develops a rigorous and advanced data-driven model to describe, analyze, and forecast the global crude oil demand. The study deploys a hybrid approach of artificial intelligence techniques, namely, the genetic-algorithm, neural-network,…