A time series is estimated of in-ground prices of U.S. oil and natural gas reserve prices for the period 1982–2003, usingmarket transaction data. Reserves sold are considered as proved; errors in this respectmay affect estimates, in either direction. The data are also used to examine the impact of reserve status, production rate, andwell head prices, on reserve prices. Both oil and gas current ...

The social losses arising from the Prestige oil spill exceed the compensation granted under the IOPC (International Oil Pollution Compensation) system, with losses estimated at 15 times more than the applicable limit of compensations. This is far above the level of costs for which those responsible for hydrocarbons spills are liable. The highest market losses correspond to sectors of extraction...

Worldwide efforts are being made to increase the use of renewable energy in order to reduce the emission of greenhouse gases. Africa is blessed with abundant resources of fossil fuels as well as renewable energy resources. Yet the continent, especially sub-Saharan Africa, is afflicted with power crisis. For example, in Nigeria, erratic electricity supplies will persist unless the government div...

There is growing concern about the depletion of hydrocarbon resources and the risk of near-term peaks in production. These concerns hinge upon contested estimates of the recoverable resources of different regions and the associated forecasts of regional production. Beginning with Hubbert, an influential group of analysts have used growth curves both to estimate recoverable resources and to fore...

Biodiesel is an alternative diesel fuel made from renewable biological resources. During the process of biodiesel production, lipase-catalyzed transesterification is a crucial step. However, current techniques using methanol as acyl acceptor have lower enzymatic activity; this limits the application of such techniques in large-scale biodiesel production. Furthermore, the lipid feedstock of curr...

Increase in organic waste generation, dwindling nature of global oil reserves coupled with environmental challenges caused by waste oil disposal and burning of fossil fuels necessitated the need for alternative energy resources. Waste cooking oil obtained from the frying fish outlet was analyzed for its physicochemical properties using ASTM D-975 methods. Acid and Iodine values of the oil were ...

Colorado and Pennsylvania, like parallel universes, provide strikingly different examples of how external forces affect the evolution of oil and gas conservation jurisprudence originating from a common starting point. This jurisprudence includes both “Classical” oil and gas conservation—measures to prevent waste of the oil and gas resource, and “Values” oil and gas conservation—measures that ad...

waste material from the coal cleaning accumulated in a number of areas along the east coast of Vancouver Ryan, B., (2008): Preliminary Analyses of Coal Refuse Material from Vancouver Island; Geoscience Reports 2008, B.C. Ministry of Energy, Mines and Petroleum Resources, pages 99-118. 1Resource Development and Geosciences Branch; Oil and Gas Division; BC Ministry of Energy, Mines and Petroleum ...

Petroleum has been recognized as a potential environmental contaminant since shortly after the beginning of the Twentieth Century. Reports of the biological consequences of ship wrecks involving cargos of crude and fuel oil began to appear in the popular and scientific press. Scientific literature on the subject was sparse until after World War II when reports of the effects of oil pollution be...