Estimation of an Efficient Production Frontier with Increasing Marginal Product: The Case of the Canadian Oil and Gas Industry

2021 ◽  
Vol 5 (2) ◽  
pp. 311-338
Author(s):  
Yan Ma ◽  
Han-Up Park
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Efficient Production ◽  
Marginal Product ◽  
Production Frontier ◽  
Gas Industry

Hydrogen Production and Utilization in Petroleum Refineries: A Study of the U.S. Oil and Gas Industry

2011 ◽  
Author(s):  
Mohamed A. Mohamed ◽  
Radwa Soelem ◽  
Fares Attar ◽  
Nesrin Ozalp
Keyword(s):  
Hydrogen Production ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
Department Of Energy ◽  
Oil Refining ◽  
Efficient Production ◽  
Production Plant ◽  
Gas Industry ◽  
The U.S

Petroleum refining industry in the United States is the largest in the world operating 148 refineries. These refineries contribute a major economic value to the U.S. market for providing the chemical industry with vital products. The economic gain, however, is challenged by the increasing competitiveness within the refining sector as well as the unpredictable oil prices. Furthermore, environmental obligations also have been recently advocating low emission rates that may entail additional operating costs to refineries. In this study, we analyze hydrogen production and utilization in the U.S. oil and gas industry to characterize its key role and trends in this energy-intensive industry. We referred to U.S. Department of Energy data and statistics of hydrogen production rates as well as we considered other elementary factors of refineries productivity such as; economics of crude oil, power consumption and chemical outputs. Considering the fact that hydrogen-dependent processes in refining count as a key element in oil refining; it is certainly that efficient production and implementation of hydrogen in processes such as hydro-cracking and hydro-desulfurization will result in cost saving opportunities for refineries. From this point of view, we highlight the economic and environmental advantages of solar cracking of natural gas as an alternative way of hydrogen production. Hydrogen production in refineries could possibly benefit from utilizing this alternative method on both local and global levels. Economically, this study explains how solar cracking could save about $62 million in hydrogen production for U.S. refineries. Even though the momentum of desulfurization acts are not yet strong in the U.S., major European refining investments are in jeopardy if not soon to utilize enhanced desulfurization facilities in response to demands of lower sulfur content of refined products. A comprehensive expenditures model is presented in this study to monitor primary areas of saving in hydrogen production from the early stages of establishing a hydrogen production plant. Further alternatives showing potential are also included as future considerations for the refinery sector.

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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