Business/economics
This article analyzes Nigeria’s deepwater fiscal framework by examining its legal foundations, the practical operation of production-sharing contracts, and the allocation of financial risk between the government and international oil companies.
The third and final part of the series covers the facility engineering and petroleum economics aspects of a field development plan.
Petroleum engineering tops the pay scale among engineering majors, with new graduates projected to earn an average starting salary of $100,750, according to the National Association of Colleges and Employers.
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Unconventional fossil fuels are the most important drivers of resource growth. These are sources of oil or gas for which production technology is immature. Economic and geopolitical factors encourage the technology innovations that convert unconventional resources to conventional reserves. -
Marc de Saint-Gerand discusses oil price volatility and what actions could help stabilize the price.
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Until the credit crunch hit in late 2007, the world had witnessed high and rising oil prices with no observable slowdown in growth. So what role has the oil price played in the world economy?
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Can we understand what drives oil prices or do we just accept that our industry is cyclical? Uncertainty abounds, but it can be a period of opportunity as well.
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Ruben Caligari discusses the long-term outlook for energy demand, the growth of environmental concern, and the career opportunities that will continue to exist.
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Results of a survey of young processions about the driving forces behind oil prices, how to adapt to uncertain prices, and the outlook for oil.
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A few books worth mentioning to bolster the petroleum engineer's library.
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Abdurahman Benyezza, North Africa Regional Director for Eni, presents an overview on the oil and gas industry in Tunisia, which is emerging again with a new focus on gas field development.
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Being ready to operate is one of the most critical steps in the development of an oil field. For complex projects characterized by technical risks and challenges, a structured approach is mandatory to ensure operational excellence and readiness.
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The oil and gas industry has always been a competitive arena, in which handling risks effectively has now become critical for business efficiency. The effect of risks on project costs should be carefully quantified in order to implement efficient measures to mitigate these risks.
