OPEC in a Shale Oil World

OPEC in a Shale Oil World PDF

Author: Mohamed Ramady

Publisher: Springer

Published: 2015-10-15

Total Pages: 293

ISBN-13: 3319223712

DOWNLOAD EBOOK →

RAMADy, Mahdi OPec in a sHALE oil world –where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.

Composition, Geochemistry and Conversion of Oil Shales

Composition, Geochemistry and Conversion of Oil Shales PDF

Author: C.E. Snape

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 499

ISBN-13: 9401103178

DOWNLOAD EBOOK →

Oil shales are broadly dermed as petroleum source rocks containing sufficiently high contents of organic matter (above ca 10-15 wt. %) to make utilisation a possibility. Like coal, the world's reserves of oil shales are vast being many times larger than those proven for crude oil. Indeed, some of the largest deposits occur in the USA and Europe where Estonia and Turkey have large reserves. The first recorded interest in oil shale retorting was an English patent in 1694 (Eele, Hancock and Porter, No. 330) which refers to distilling noyle from some kind of stone". The oil shale retorting industry dates back to the middle of the last century, notably Scotland, Estonia, France and Sweden in Europe. Indeed, my own Department at the University of Strathclyde has a historical link with James "Paraffin" Young, the founder of the Scottish oil shale industry who endowed a chair in Applied Chemistry. The growth of the oil industry saw the demise of the oil shale industry in most countries with the notable exception of Estonia, where kukersite has continued to be used for power generation and retorting. However, oil shale utilisation has attracted renewed attention since the early 1970s as a source of transport fuels and chemical feedstocks due to the the long term uncertainties over crude oil supplies.

Oil Shale Development in the United States

Oil Shale Development in the United States PDF

Author: James T. Bartis

Publisher: Rand Corporation

Published: 2005-09-16

Total Pages: 89

ISBN-13: 0833041002

DOWNLOAD EBOOK →

In the early 1980s, industry and government took a hard look at the economics of extracting oil from vast deposits of shale that lie beneath the western United States. Oil prices subsided, and interest waned. With oil prices spiking and global demand showing no signs of abating, reexamining the economics of oil shale makes sense. In this report, the authors describe oil shale resources; suitability, cost, and performance of new technologies; and key policy issues that need to be addressed by government decisionmakers in the near future.

Unconventional Petroleum Geology

Unconventional Petroleum Geology PDF

Author: Caineng Zou

Publisher: Elsevier

Published: 2017-03-10

Total Pages: 508

ISBN-13: 0128122358

DOWNLOAD EBOOK →

Unconventional Petroleum Geology, Second Edition presents the latest research results of global conventional and unconventional petroleum exploration and production. The first part covers the basics of unconventional petroleum geology, its introduction, concept of unconventional petroleum geology, unconventional oil and gas reservoirs, and the origin and distribution of unconventional oil and gas. The second part is focused on unconventional petroleum development technologies, including a series of technologies on resource assessment, lab analysis, geophysical interpretation, and drilling and completion. The third and final section features case studies of unconventional hydrocarbon resources, including tight oil and gas, shale oil and gas, coal bed methane, heavy oil, gas hydrates, and oil and gas in volcanic and metamorphic rocks. Provides an up-to-date, systematic, and comprehensive overview of all unconventional hydrocarbons Reorganizes and updates more than half of the first edition content, including four new chapters Includes a glossary on unconventional petroleum types, including tight-sandstone oil and gas, coal-bed gas, shale gas, oil and gas in fissure-cave-type carbonate rocks, in volcanic reservoirs, and in metamorphic rocks, heavy crude oil and natural bitumen, and gas hydrates Presents new theories, new methods, new technologies, and new management methods, helping to meet the demands of technology development and production requirements in unconventional plays

Oil Shale Technology

Oil Shale Technology PDF

Author: Sunggyu Lee

Publisher: CRC Press

Published: 1990-12-11

Total Pages: 280

ISBN-13: 9780849346156

DOWNLOAD EBOOK →

This book focuses on the fundamental and engineering aspects of shale oil extraction, as well as the mathematical clarification of the complex transport mechanisms involved in oil shale pyrolysis. The influence of the chemical and physical environment on the enhancement of oil yield is explained, and ex situ and in situ technologies are reviewed and compared. The discussion on ex situ shale oil extraction includes both thermal and chemical extraction techniques such as retorting, solvent, and supercritical extraction. Parallels are drawn between the processes available for recovering and using other fossil fuel sources, such as coal and tar sands, and oil shale. In addition to covering the characteristics of oil shale, Oil Shale Technology summarizes the physical and chemical properties of shale oil obtained from various deposits around the world. The influence of the retorting process on the properties of the resulting oil shale is discussed, as are standardized techniques for determining these properties. Engineers, geologists, chemists, chemical engineers, and other researchers in the petroleum and chemical industries should consider this book an important reference resource.

Oil Shale: History, Incentives, and Policy

Oil Shale: History, Incentives, and Policy PDF

Author:

Publisher:

Published: 2006

Total Pages: 33

ISBN-13:

DOWNLOAD EBOOK →

Oil shale is prevalent in the western states of Colorado, Utah, and Wyoming. The resource potential of these shales is estimated to be the equivalent of 1.8 trillion barrels of oil in place. Retorted oil shale yields liquid hydrocarbons in the range of middle-distillate fuels, such as jet and diesel fuel. However, because oil shales have not proved to be economically recoverable, they are considered a contingent resource and not true reserves. It remains to be demonstrated whether an economically significant oil volume can be extracted under existing operating conditions. In comparison, Saudi Arabia reportedly holds proved reserves of 267 billion barrels. Federal interest in oil shale dates back to the early 20th Century, when the Naval Petroleum and Oil Shale Reserves were set aside. Out of World War II concerns for a secure oil supply, a Bureau of Mines program began research into exploiting the resource. Commercial interest followed during the 1960s. After a second oil embargo in the 1970s, Congress created a synthetic fuels program to stimulate largescale commercial development of oil shale and other unconventional resources. The federal program proved short-lived, and commercially backed oil shale projects ended in the early 1980s when oil prices began declining.