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Oil Production

Samuel Olayinka’s Insights on Sustainable Production Operations

in Sustainability by
Samuel Olayinka

Fossil fuels have been a reliable energy source for many years. Recently, the oil and gas production industry has taken measures to develop procedures that deliver high efficiency and mitigate negative impacts on the environment. With over 23 years of professional experience in the industry, Samuel Olayinka gives his perspective on the sector’s shift toward sustainability and…

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Current Technologies Revolutionising the Hydrocarbon Industry

in Technology by
industrial technologies

It often seems that a lot of the innovation going on in the energy sector takes place in the renewable energy sector. Yet gas and oil are still being mined and helping to fuel the world, searching for its own ways to improve through the use of technology. From remote telemetry unit (RTU) implementation to…

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Correlation Between Oil Production and Reserves Discovery

in Publications by
publications

Publication date: 2002-06-01 First published in: Natural Resources Research Authors: M. Feygin Abstract: This paper shows that there is a strict quantitative connection between three factors: reserves-to-production ratio (w), the rate of production growth (a), and degree of reserve replenishment during one year (i). The first of these factors shows how many years the current…

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Giant oil field decline rates and their influence on world oil production

in Publications by
publications

Publication date: 2009-03-19 First published in: Energy Policy Authors: M. Höök et al Abstract: The most important contributors to the world’s total oil production are the giant oil fields. By using a comprehensive database of the giant oil field production, the average decline rates of the world’s giant oil fields are estimated. Separating subclasses was…

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Long term prediction of unconventional oil production

in Publications by
publications

Publication date: 2010-01-01 First Published in: Energy Policy Authors: S.H. Mohr, G.M. Evans Abstract: Although considerable discussion surrounds unconventional oil’s ability to mitigate the effects of peaking conventional oil production, very few models of unconventional oil production exist. The aim of this article was to project unconventional oil production to determine how significant its production…

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Why Oil Mixes With Gold

in Non-Renewable Energy by
Oil depletion

Brian Cohen, an investment fund analyst, has examined the connection between oil and gold and how this may affect the world. Considerably higher oil prices are coming to the world at the worst possible time. Not only is the world far from being ready with oil alternatives when demand is on the brink of surpassing…

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US military warns oil output may dip causing massive shortages by 2015

in Non-Renewable Energy by
crude-oil

The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact. The energy crisis outlined in a Joint Operating Environment report from the US Joint Forces Command, comes as the price of petrol in Britain reaches…

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Analyzing the world oil production Reference Scenario in World Energy Outlook 2008

in Publications by
publications

Publication date: 2010-03-01 First Published in: Energy Policy Authors: K. Aleklett et al Abstract: The assessment of future global oil production presented in the IEA’s World Energy Outlook 2008 (WEO 2008) is divided into six fractions; four relate to crude oil, one to non-conventional oil, and the final fraction is natural-gas-liquids (NGL). Using the production…

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A variant of the Hubbert curve for world oil production forecasts

in Publications by
publications

Publication date: 2009-07-23 First Published in: Energy Policy Authors: G. Maggio, G. Cacciola Abstract: In recent years, the economic and political aspects of energy problems have prompted many researchers and analysts to focus their attention on the Hubbert Peak Theory with the aim of forecasting future trends in world oil production. In this paper, a…

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Estimate of global oil resource and the forecast for global oil production in the 21st century

in Publications by
publications

Publication date: 2009-04-01 First published in: Russian Geology and Geophysics Authors: A.E. Kontorovich Abstract: A probabilistic estimate of the global conventional recoverable oil resource was performed based on the concept of the Earth’s sedimentary cover as a holistic system. A forecast for global oil production was made for the period till the end of the…

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