Abundant supplies of oil form the foundation of modern industrial economies, but the capacity to maintain and grow global supply is attracting increasing concern. Some commentators forecast a peak in the near future and a subsequent terminal decline in global oil production, while others highlight the recent growth in 'tight oil' production and the scope for developing unconventional resources....

Abundant supplies of oil form the foundation of modern industrial economies, but the capacity to maintain and grow global supply is attracting increasing concern. Some commentators forecast a peak in the near future and a subsequent terminal decline in global oil production, while others highlight the recent growth in ‘tight oil’ production and the scope for developing unconventional resources....

although on the basis of geo-economic theories, study of energy-related issues is of strategic importance to all countries, energy resources are no more restricted to oil and gas reserves as was the case during the past century. of course, these resources are still key elements of global energy reserves. today, in addition to geo-politics and geo-economics, the concept of hydro-geopolitics puts...

ONCE AGAIN THE debate has intensified over whether energy as a commodity is running out. Just six or seven years ago the world seemed awash in oil, yet today many pundits predict the end of oil and indeed the end of the fossil-fuel era. With its recent merger with the California-based oil company Unocal, Chevron has placed a bet on ever-increasing oil prices. Two other oil giants, BP and ExxonM...

This paper examines the volumes of oil that can and cannot be used up to 2035 during the transition to a low-carbon global energy system using the global energy systems model, TIAM-UCL and the ‘Bottom up Economic and Geological Oil field production model’ (BUEGO). Globally in a scenario allowing the widespread adoption of carbon capture and storage (CCS) nearly 500 billion barrels of existing 2...

The worldwide global demand for oil has grown by 150% since 1965 and 20% in the past 20 years to the current 80 million barrels per day, and is projected to grow by 50% more in the next 20 years [1]. The growth in global demand for oil comes at a time when the supply from relatively cheap conventional sources is declining, and reserves are not being replaced with new discoveries [2]. However, t...

The oil and gas industry will continue to boom in the coming future. Obtaining oil and gas from conventional and non-conventional resources will become more and more challenging. This intensifying need will impose very considerable demands on work force, financial and technology capabilities. Since the future supplies of oil and gas are to expand, advanced technology will become increasingly ne...

Historically, about half the oil transported through the global marine environment has come through the Arabian Gulf and the annual input of oil to the gulf’s marine environment is skewed toward sources connected with marine transport. As a case study, we assess the damages from an oil spill caused by a collision between the crude oil tankers Baynuna and the Seki on 30 March 1994. The collision...

The aim of this work was to evaluate New York State's regulatory program for plugging inactive oil and gas wells. Analysis of reports from the Division of Mineral Resources, Department of Environmental Conservation, reveals that three-fourths of the state's abandoned oil and gas wells were never plugged. Inadequate enforcement efforts have resulted in steady increases of unplugged oil and gas w...