investment in oil and gas upstream activities is very important for the exploration and development of oil and gas fields. different and various laws and regulations deal with the investment in upstream operations. by reviewing these various laws and regulations, this research paper tries to discuss to what extent these laws and regulations have created legal confident for foreign investment up...

In this work the likelihood of asphaltene deposition problems during dynamic displacement of oil by natural gas in unconsolidated porous media is experimentally inspected. The two different rock materials, limestone and sandstone, are used as a representative of porous media. Dynamic flow experiments indicate that the increase of natural gas injection inc...

We investigate the pricing formation of natural gas markets on three different continents (Europe, Asia and North America). We find that natural gas markets showed a strong relationship with the crude oil market between 1992 and 2001 and natural gas prices tended to thermal parity with crude oil prices. From 2002 natural gas markets exhibited a less pronounced relationship with the crude oil ma...

The aim of this paper is to examine the impact of temperature shock on both near-month and far-month natural gas and heating oil futures returns by extending the weather and storage models of the previous study. Several notable findings from the empirical studies are presented. First, the expected temperature shock significantly and positively affects both the near-month and far-month natural g...

in this work the likelihood of asphaltene deposition problems during dynamic displacement of oil by natural gas in unconsolidated porous media is experimentally inspected. the two different rock materials, limestone and sandstone, are used as a representative of porous media. dynamic flow experiments indicate that the increase of natural gas injection increases asphaltene deposition in the unco...

Abstract I n this paper we investigated total energy consumption and its individual forms (oil, natural gas, electricity, renewable energies and coal) relationship with real gross domestic product (GDP) in Iran. We employed Hsiao’s (1981) methodology and annual data which cover 1967-2010 for investigation. The empirical findings indicate there is bidirectional causality ef...

Natural gas comprises about a quarter of the United States' energy use. It is more environmentally friendly than oil and coal due to lower carbon dioxide (CO2) emissions per unit, less costly per unit of energy and more readily available domestically in abundant supply. However, due to a number of barriers in the political, infrastructural, pricing and other arenas, the use of natural gas as a ...

Previous economic analyses focused on relationships between crude oil and natural gas markets centered primarily on demand-side considerations. We provide evidence that two important supply-side connections play important roles in understanding crude oil and natural gas market integration. First, crude oil production and natural gas production require a common capital input: rotary drilling rig...