Different strokes: regulatory styles and environmental strategy in the North-American oil and gas industry

2001 ◽  
Vol 10 (6) ◽  
pp. 344-364 ◽  
Author(s):  
Sanjay Sharma
Keyword(s):  
North American ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Environmental Strategy ◽  
Gas Industry ◽  
The North ◽  
Regulatory Styles

scholarly journals Common Determinants of Credit Default Swap Premia in the North American Oil and Gas Industry. A Panel BMA Approach

Energies ◽  
2020 ◽  
Vol 13 (23) ◽  
pp. 6327
Author(s):  
Karol Szafranek ◽  
Marek Kwas ◽  
Grzegorz Szafrański ◽  
Zuzanna Wośko
Keyword(s):  
Credit Risk ◽  
North American ◽  
Oil And Gas ◽  
Credit Default Swap ◽  
Oil Prices ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
The North ◽  
Credit Default ◽  
Default Swap

This study discovered market determinants of credit default swap (CDS) spreads in the North American oil and gas industry. Due to the limited theoretical background on market sources of CDS price fluctuations, we chose to alleviate model uncertainty and possible misspecification issues using Bayesian model averaging. This robust framework allowed us to aggregate results from a vast number of linear panel models estimated over the 2017–2020 period. We identified oil price volatility, major shifts in the OPEC+ supply policy, natural gas prices and industrial metal prices as the most robust determinants of CDS spreads. We show that following the onset of the COVID-19 pandemic, oil prices ceased to be a notably important determinant of credit risk, as factors indirectly related to oil prices, such as global and sectoral uncertainty, financial conditions and the macroeconomic stance became more influential. Additionally, we show that the CDS spreads of shale companies are determined by similar common factors, but they are more sensitive to the OPEC+ decisions on the global supply and are less affected by the domestic activity. Finally, we also prove that our modelling approach may help investors and risk officers to identify robust determinants behind the dynamics of credit risk.

Ready to collaborate? Operator and supply chain under the spotlight

2017 ◽  
Vol 57 (2) ◽  
pp. 498
Author(s):  
Mike Lynn ◽  
Alan Samuel
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Commodity Price ◽  
Capital Projects ◽  
Gas Industry ◽  
New Ways Of Working ◽  
Service Companies ◽  
The North ◽  
The North Sea ◽  
The Uk

In the last 12 months or so, particularly with the drop in oil price, there’s been a lot of speculation about the future of the Australian oil and gas industry. Strenuous efforts are being made to bring down costs, reduce complexity and expedite the completion of major capital projects. Yet with the commodity price looking likely to be subdued for some time, serious questions persist. How can we sustain activity in Australia, secure the investment needed to continue exploration and appraisal drilling, for the next wave of projects? In looking for answers to these challenges, collaboration is a theme that comes up time and time again. But what does it actually mean? What does it look like in practice? Who does it well and how? And which companies are reaping the rewards of great collaboration? To fill this knowledge gap we are launching a survey which will look at many aspects of collaboration in the Australia and compare this with the results of similar surveys conducted in the UK. We will be looking to survey both operators and service companies working in the Australia and find out: What does collaboration mean? What constitutes effective collaboration? How do companies view themselves and each other as collaborators? How does collaboration in Australia compare with companies in the North Sea? We hope a better understanding of collaboration could help companies in Australia continue to improve productivity and efficiency, adopt new ways of working, and truly make the most of Australia’s abundant resources.

VARIABILITY OF ORE MINERALIZATION IN THE NORTH-WEST-TRENDING EXTENSIONOF THE LUBIN–SIEROSZOWICE DEPOSIT

2017 ◽  
pp. 109-0 ◽  
Author(s):  
Sławomir OSZCZEPALSKI ◽  
Andrzej CHMIELEWSKI ◽  
Stanisław SPECZIK
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Core Material ◽  
Gas Industry ◽  
Sulphide Mineralization ◽  
North West ◽  
The North ◽  
Ore Mineralization ◽  
Exploration Drilling ◽  
Drill Holes

The Polish Geological Institute – NRI has conducted investigations of the Kupferschiefer series since 1957, when the giant sediment-hosted stratiform Cu-Ag ore deposit was discovered in the central part of the Fore-Sudetic Monocline. Until 1991, a number of drilling programs were completed by PGI-NRI and later research has been focusing mainly on cooperation with oil and gas industry and their core material. Over the last few years, thanks to systematic examination of the drill holes located in the north-western extension, many prospective areas have been recognized and delineated. These prospects are located between Lubin-Sieroszowice deposit and the eastern part of the Zielona Góra oxidized field. In the Kożuchów area, the lower part of Zechstein copper-bearing series contain only relict sulphide mineralization accompanied by iron oxides while reduced rocks with metal sulphides occur in the uppermost part of Zechstein Limestone or at the base of Lower Anhydrite. Grochowice area, where reduced facies prevail in copper-bearing series, is characterized by the predomination of rich Cu-Ag mineralization proximaly to oxidized area. The western part of studied area is dominated by Cu-S type sulphides (chalcocite, digenite, covellite) whereas the eastern part is represented by Cu-Fe-S type minerals (bornite, chalcopyrite) with high galena and sphalerite concentrations. The spatial variability of sulphide mineralization with respect to the oxidized rocks indicates that Bytom Odrzański deposit extends in the north-west direction, continuing in the form of a copper belt along the eastern border of the oxidized area. An extensive deep exploration drilling program is implemented to verify the resource potential within predicted copper belt.

Manufacture and Qualification of Small Diameter / Thickwall Reelable DSAWL Linepipe

2016 ◽  
Author(s):  
Stephen Hall ◽  
Martin Connelly ◽  
Graham Alderton ◽  
Andrew Hill ◽  
Shuwen Wen
Keyword(s):  
Oil And Gas ◽  
Small Diameter ◽  
Oil And Gas Industry ◽  
Fe Model ◽  
External Diameter ◽  
Gas Industry ◽  
The North ◽  
Innovative Thinking ◽  
The North Sea ◽  
The Cost

Tough market conditions have seen the price of oil drop which with the subsequent uncertainty surrounding the industry have seen the oil and gas industry concentrate on reducing the cost of designing, installing and operating pipelines. A critical process for the industry is the procurement, manufacture and installation of appropriate linepipe. The method of installation is often dictated by the pipe size and the water depth that the pipe is to be laid in, however there are times when the choice of lay method is due to vessel availability and relative costs for each technique. In early 2014, Tata Steel successfully manufactured and delivered 16"OD × 0.875”WT X65 submerged arc welded longitudinal (SAWL) linepipe for installation via the reel lay method. Notable features about this fact were the size, which represents the thickest 16” external diameter UOE pipe yet delivered by Tata Steel, and that this was to be the first UOE pipe to be installed by the reel lay method in the North Sea. The ability to manufacture small diameter thickwall linepipe was only possible due to recent operational developments including an established tooling programme and a fully validated Finite Element (FE) model of the UOE process, along with years of experience of integrating these tools into the manufacturing process. This paper discusses the manufacturing challenges for small diameter thickwall linepipe, and how with the aid of modelling tools, innovative thinking and previous experience in supplying small diameter thickwall linepipe into two reel-installed projects, the pipe was manufactured and delivered with the properties shown to be compliant with DNV OS-F101 Supplementary Requirement P.

scholarly journals The State of the Cardiovascular System Under the Action of Industrial Electromagnetic Fields

2021 ◽  
Vol 15 ◽  
pp. 249-253
Author(s):  
G. V. Gazya ◽  
V. V. Eskov ◽  
M. A. Filatov
Keyword(s):  
Cardiovascular System ◽  
Electromagnetic Fields ◽  
Oil And Gas ◽  
Human Life ◽  
Low Frequency ◽  
Ecological Factors ◽  
Oil And Gas Industry ◽  
Field Exposure ◽  
Gas Industry ◽  
The North

The influence of industrial low-frequency electromagnetic fields on the human body is currently insufficiently studied. However, such fields are quite common in modern automated production, where various electric drives are used, and they significantly affect the quality of human life. This is especially evident in the conditions of the North, where special ecological factors cause significant changes in the systems of regulation of the body's functions. This study examines the influence of such fields on the parameters of the cardiovascular system of female workers in the oil and gas industry in Russia. Four groups of women were studied, differing in age and electromagnetic field exposure. As a result, the effects of influence of the fields were revealed, especially for the older age group.

WESTERN AUSTRALIA—A TECHNOLOGY BASE FOR THE OIL AND GAS INDUSTRY

2001 ◽  
Vol 41 (1) ◽  
pp. 777
Author(s):  
B.F Ronalds
Keyword(s):  
Oil And Gas ◽  
Local Environment ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
North West ◽  
The North ◽  
International Industry ◽  
Analytical Tools

Oil and gas production is characterised by a truly international industry, and yet a unique local environment. Solutions developed elsewhere cannot always be imported directly for Australian use. For this reason alone, a strong local technology base is of value to the Australian oil and gas industry. Other benefits include the ability to provide high quality education and training for people entering, and already in, the industry.A case study is described where the Western Australian technology base is facilitating solutions to a specific challenge faced on the North West Shelf (NWS); namely, that the criteria for reliable development and operation of its offshore infrastructure for oil and gas production are more severe than other petroleum provinces, requiring new analytical tools to be developed.

DECOMMISSIONING-AN ALTERNATIVE APPROACH

1997 ◽  
Vol 37 (1) ◽  
pp. 560
Author(s):  
H.B. Goff
Keyword(s):  
Natural Environment ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
North West ◽  
Engineering Research ◽  
The North ◽  
Research Activities ◽  
Alternative Approach ◽  
Long Term Impact

The traditional planning for decommissioning oil and gas projects has included the option to remove platforms from the project area leaving the site clear for other uses. However, decommissioning presents a number of opportunities for alternative uses for facilities that are relatively close to the coast and in developing areas.This paper examines the potential for the alternative use of facilities on the North West Shelf using the WMC operated Airlie Project as an example.Airlie Island presents an opportunity to conduct a number of research activities which would have the capability to enhance the understanding of the natural environment in the region and to gain better understanding of the long-term impact of the oil and gas industries impact on the natural environment. There is also the supplementary opportunity to conduct engineering research applicable to the oil and gas industry without the distraction and hazards of an operating field to interfere with the research projects. Allied to these possibilities is the potential to conduct research applicable to tourism and fishing related activities which are beginning to exert more pressure and the North West Shelf environment than has been the case in the recent past.In addition to the research opportunities, there exists the potential to manage Airlie Island as a support base for tourism activities on a commercial basis. The example presented could easily be applied to other projects nearing decommissioning.

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