Venäjän öljyn tuotanto ja vienti kasvoivat vuonna 2022 edellisvuoteen verrattuna. Vienti EU-maihin supistui jonkin verran, vaikka venäläiseen raakaöljyyn kohdistuvat tuontirajoitukset tulivat voimaan vasta joulukuussa. Raakaöljylle löytyi kuitenkin korvaavia markkinoita Aasiasta....

This study uses a structural vector autoregressive (SVAR) model to examine the relationships between the intensity of drilling (i.e. investment) for natural gas production, natural gas withdrawals, economic activity and natural gas prices in the United States. The results show that the reaction...

We analyze mortgage lenders’ behavior with respect to shale gas risk during the period of the U.S. shale gas boom, which coincided with fluctuations in the U.S. housing market and increased scrutiny in the lending industry. Shale gas operations have the potential to place affected houses into...

Scarcity and growth analyses about energy include forecasting extraction rates of non-renewable resources while taking into account technological progression. There are two distinct technological mechanisms. Moore’s (1965) Law technological improvement is experience enhanced steady cost...

With the large-scale development of shale gas, oil-based drilling fluids are widely used, generating significant amounts of solid wastes from oil-based shale drilling cutting (OBSDC), which are difficult to degrade and biologically toxic. The current treatment methods do not meet the...

The significant amount of gas produced from unconventional shale reservoirs in the US in recent years has reduced market prices for hydrocarbon gas and created an opportunity for using low-cost gas in enhanced oil recovery (EOR) projects. In addition to its availability in large quantities and...

The UK is believed to hold prolific reserves of shale gas; the quality of which has been compared and sometimes branded superior to the much successful US shale plays. Nonetheless, after more than ten years since the 13th Onshore Licensing Round, the fracking industry is said to have benefited...

The Niger Delta region is the oil producing area of Nigeria, which consist of highly diverse ecosystems that is supportive of numerous species of terrestrial and aquatic fauna and flora. This region is the largest wetland in Africa and it is among the ten most important wetlands and marine...

Oil and gas leases between mineral owners and extraction firms ubiquitously include royalty and primary term clauses. The royalty denotes the share of revenue that is paid to the mineral owner, and the primary term specifies the date by which the firm must complete a well, lest it lose the...

As it is predicted that there will be a decrease in production at the oil and gas facilities that are currently operating, it becomes necessary to start developing new oil and gas fields. This results in changes to the state's policy regarding the participation of private companies in the...

The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and...

Shale oil and gas have become important areas of petroleum exploration and development. Successful shale oil and gas exploration depends on the accurate evaluation of sweet spots, which are the commercial targets. This paper proposes a comprehensive new method for sweet spot evaluation based on...

The shale gas boom has revolutionized the energy sector through hydraulic fracturing. High levels of energy production force communities, states, and nations to consider the externalities and potential risks associated with this unconventional oil and gas development (UOGD). In this review, we...

This research exploits the introduction of shale gas wells in Pennsylvania in response to growing controversy around the drilling method of hydraulic fracturing. Using detailed location data on maternal addresses and GIS coordinates of gas wells, this study examines singleton births to mothers...

This paper extends the existing theory and empirical investigation of unitization contracts. It highlights the importance of incentive-compatibility and self-enforcement and the bargaining problems faced in achieving viable, long-term contracts. We argue that only if the parties to a unitization...

This paper assesses the labour market impact of the Papua New Guinea (PNG) LNG project – the largest resource project ever completed in PNG. It discusses employment during the construction phase from 2010 to 2014 and the subsequent production phase. While national employment figures in the...

Atmospheric emissions urgently need to reduce for natural gas to fulfill its potential role in the energy transition to achieve the Paris Agreement on climate change. This paper establishes the magnitude and trends of flaring and venting in oil and gas operations, as well as their emissions and...

Oil and gas leases between mineral owners and extraction firms ubiquitously include royalty and primary term clauses. The royalty denotes the share of revenue that is paid to the mineral owner, and the primary term specifies the date by which the firm must complete a well, lest it lose the...

Scientifically and accurately forecasting of future shale gas output tends is very important in making energy policies, especially for China whose historical data of shale gas output is very limited. The existing grey shale gas output prediction model does not perform well in prediction due to...

The shale revolution is gradually transforming the industrial structure of the United States. This paper quantifies these changes in a model in which industries are linked by productivity linkages. In this framework, productivity gains in one industry may spill over to other industries. For 2015...

We often link increasing productivity in resource extraction to innovation in how firms extract. Yet resource quality - where firms extract - is a key driver of productivity. Using a structural model and data from Louisiana's Haynesville shale, I disentangle the impacts of how and where firms...

There is a growing concern on the complicated nature of the enforcement of regulatory instruments with regards to the accountability of crude oil companies' offshore production activities in Nigeria. Elsewhere in the world, adequate steps are well structured to monitor compliance and enforce the...

This Article describes how the researcher defines the Area of Research, Identifies the Business Problem, Research Gaps, Theoretical Underpinning and Theoretical Gap, Aligns the Research Gaps with Theoretical Gap and Formulates the Research Problem, Research Questions, Research Objectives, Frames...

Water is one of the most important commodities in the world and plays an essential role in the hydrocarbon industry. With increased agricultural production, rapid industrialization, population growth and climate change, the world is facing an extreme water crisis in many regions. Coupled with a...

Sand and ceramic proppant are the most commonly used materials to keep fractures open during hydraulic fracturing. Ceramic proppant has higher hardness and sphericity than sand, but it is much more expensive. To reduce the cost, sands are pumped at the beginning to replace a portion of ceramic...

Oil and gas leases between mineral owners and extraction firms ubiquitously include royalty and primary term clauses. The royalty denotes the share of revenue that is paid to the mineral owner, and the primary term specifies the date by which the firm must complete a well, lest it lose the...

This article describes in a nut shell, the changing attitude of Oil and Gas companies towards innovative drilling technologies in the down turn, some of the important innovations in drilling technologies and its relevance to upstream oil and gas, the pace of adoption of innovative drilling...

We quantify the effect of a significant technological innovation, shale oil development, on asset prices. Using stock returns on major news announcement days allows us to link aggregate stock price fluctuations to shale technology innovations. We exploit cross-sectional variation in industry...

This study examines the impact of uncertainty on mergers and acquisition (M&A) activity. We focus on product market uncertainty in the oil and gas sector. Analysing this industry enables us to construct a natural forward-looking measure of product market uncertainty, namely the implied crude oil...