Economic Impact of the Permian Basin’s Oil and Gas Industry

2015 ◽  
pp. 21-64 ◽  
Author(s):  
Bradley Ewing ◽  
Marshall Watson ◽  
Terry McInturff ◽  
Russell McInturff
Keyword(s):  
Economic Impact ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

scholarly journals Economic Impact and Risk Assessment of Sand and Dust Storms (SDS) on the Oil and Gas Industry in Kuwait

2019 ◽  
Vol 11 (1) ◽  
pp. 200 ◽  
Author(s):  
Ali Al-Hemoud ◽  
Ali Al-Dousari ◽  
Raafat Misak ◽  
Mane Al-Sudairawi ◽  
Adil Naseeb ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Project Management ◽  
Economic Impact ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Dust Storms ◽  
Economic Losses ◽  
Gas Industry ◽  
Sand Encroachment ◽  
Damaging Effects

There is a lack of published research on the economic effect and the risk associated with sand and dust storms (SDS) worldwide. The objectives of this study are to estimate the economic impact of SDS on the oil and gas industry in Kuwait, to estimate a risk index for each loss, and to recommend a sustainable system for the mitigation of the damaging effects and economic losses of infrastructures. Hot spots of wind erosion, wind corridors, and dust frequency and severity formed the basis to locate the most susceptible oil and gas fields and operations. Ten sectors with potential loss vulnerabilities were evaluated: exploration, drilling, production, gas, marine, soil remediation, project management, water handling, maintenance, and research and development. Sand encroachment, although not a sector per se, was also considered. The results indicate that sand, and to lesser extent dust, are damaging and costly to the oil and gas infrastructure of Kuwait, with an economic cost estimation of US$9.36 million, a total of 5159 nonproductive lost hours, and 347,310 m3 of annual sand removal. A risk assessment identified three sectors with the highest risk indices (RI): drilling (RI = 25), project management (RI = 20), and maintenance (RI = 16). Sand encroachment also constituted a high risk (RI = 25). Mitigation of sand storms using a hybrid biological–mechanical system was shown to be cost-effective with an equivalent saving of 4.6 years of sand encroachment. The hazard implications of sand storm events continue to be a major concern for policy-makers given their detrimental economic impacts, and require that government officials wisely allocate investment budgets to effectively control and mitigate their damaging effects.

The economic benefits of digitalization in the oil and gas industry

2021 ◽  
Vol 27 (3) ◽  
pp. 672-692
Author(s):  
Pavel A. DROGOVOZ ◽  
Nikita I. KHARIN
Keyword(s):  
Economic Impact ◽  
Production Management ◽  
Oil And Gas ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Economic Benefits ◽  
Competitive Advantages ◽  
Negative Effects ◽  
Gas Industry ◽  
The Past

Subject. This article explores the process of introducing digital technologies into the oil and gas industry production and management and getting the economic impact of such implementation. Objectives. The article aims to identify and assess the economic impact of the introduction of digital production technologies in the oil and gas industry over the past five years, and describe the positive and negative effects of digitalization of the oil and gas industry. Methods. For the study, we used the methods of comparative and statistical analyses, forecast data obtaining, and synthesis of results. Results. The article reveals the main effects of the digitalization of the oil and gas industry over the past five years. It describes the positive and negative effects of the digitalization of the oil and gas industry and predicts the effectiveness of this process. The article presents developed strategic guidelines to create new competitive advantages of the oil and gas industry through the production digitalization. Conclusions and Relevance. To maintain efficiency and create additional competitive advantages of the Russian oil and gas industry, it is necessary to actively introduce digital technologies of production and management, new IT-strategies. The findings and results obtained can be useful to scientists specializing in the digitalization of the oil and gas industry and for managers of different levels of oil and gas sphere to apply them in strategic production management.

Deployment of Digital NDT Solutions in the Oil and Gas Industry

2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

The Political Economy of Power: Approaches to the Analysis of Relationships between the State and Business in Russia

2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik
Keyword(s):  
Oil And Gas ◽  
Road Construction ◽  
Oil And Gas Industry ◽  
Retail Trade ◽  
Business Community ◽  
The Political ◽  
Economic Power ◽  
Gas Industry ◽  
The Road ◽  
Ruling Elites

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.

Consideration of Geopolitical Challenges within the Analysis of Geoenvironmental Risks for Oil and Gas Development of the Russian Arctic

2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Optimal Operation ◽  
The Arctic ◽  
Stage Model ◽  
Oil And Gas Development ◽  
Gas Industry ◽  
The Impact ◽  
Further Development ◽  
Geopolitical Risks

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest

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