scholarly journals CRUDE OIL OPTION MARKET PARAMETERS AND THEIR IMPACT ON THE COST OF HEDGING BY LONG STRAP STRATEGY

2020 ◽  
Vol 10 (1) ◽  
pp. 471-480
Author(s):  
Bartosz Łamasz ◽  
Natalia Iwaszczuk
Keyword(s):  
Crude Oil ◽  
Cost Of Hedging ◽  
The Cost ◽  
Option Market

Editor in Chief’s Note on the Green Hydrogen Fuel from Solar / Wind Power

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Seyed Ehsan Hosseini
Keyword(s):  
Solar Wind ◽  
Crude Oil ◽  
Fossil Fuels ◽  
Sustainable Energy ◽  
Green Energy ◽  
Hydrogen Fuel ◽  
Fuel Production ◽  
Crude Oil Prices ◽  
Trade War ◽  
The Cost

Renewable and sustainable energy has an evolving story as the ongoing trade war in the word is influencing crude oil prices. Moreover, the global warming is an inevitable consequence of the worldwide increasing rate of fossil fuel utilization which has persuaded the governments to invest on the clean and sustainable energy resources. In recent years, the cost of green energy has tumbled, making the price of renewables competitive to the fossil fuels. Although, the hydrogen fuel is still extremely expensive compared to the crude oil price, investigations about clean hydrogen fuel production and utilization has been developed significantly which demonstrate the importance of the hydrogen fuel in the future. This article aims to scrutinize the importance of green hydrogen fuel production from solar/wind energy.

Analysis of Yielding and Buckling Strength of a Minimal Ballast Water Crude Oil Tanker

2018 ◽  
Author(s):  
Xueqian Zhou ◽  
Hexing Song ◽  
Chenfeng Li ◽  
Huilong Ren ◽  
Siyu Wang
Keyword(s):  
Water Management ◽  
Water Pollution ◽  
Crude Oil ◽  
Ballast Water ◽  
Structural Strength ◽  
Buckling Strength ◽  
Trapezoidal Shape ◽  
The Cost ◽  
Oil Tanker ◽  
Ballast Water Management

The minimal ballast water crude oil tanker has the design of a trapezoidal-shape inclined bilge entirely instead of the regular U-shaped tanker, also known as the trapezoidal tanker, which reduces the amount of the ballast water. This type of ship does not only reduce the cost on ballast water management, but also is beneficial to the environment for reducing the risk of water pollution. Since it is a new design, there are no applicable specifications for the assessment of structural strength at present. In order to find out characteristics of the yielding and buckling strength of this type of ship, the strength of a conventional tanker and a trapezoidal tanker are calculated by a finite element method and then compared with a variety of cases. It can be seen that the trapezoidal tanker has lots of advantages in strength and lighting weight.

scholarly journals Reduction of Crude Oil Production Cost in Nigerian Indigenous Company using Activity Based Costing

2019 ◽  
Vol 4 (1) ◽  
pp. 49-53 ◽  
Author(s):  
Segun Adebisi Osetoba ◽  
Nkoi Barinyima ◽  
Rex Amadi
Keyword(s):  
Crude Oil ◽  
Cost Reduction ◽  
Production Cost ◽  
Value Added ◽  
Oil Production ◽  
Activity Based Costing ◽  
Service Company ◽  
Crude Oil Production ◽  
The Cost ◽  
The Impact

The aim of this study is to investigate the impact of activity based costing in reducing crude oil production cost in Nigerian indigenous oil and gas company. This research work identified strategies to effectively reduce the cost of crude oil production by adopting a cost reduction tool for crude oil production and to establish a good crude oil flow to the surface for production. Activity based costing was the cost reduction tool used for this work. The tool helps to differentiate between value added costing and non-value added costing. Non-value added costs must be reduced or eliminated during production so as to maximise profit. Data was collected from an indigenous oil service company. The collated data were tabulated and graphs were plotted with the aid of Microsoft excel. The analysis revealed a total sum of ₦ 416,978,977 was wrongly spent for a duration of three years on crude oil production due to non-value added costing. The activities are: poor transportation of crude oil, that is, use of mobile tanker for haulage instead of laying 4 inches coated pipes for a distance of 5km and contracting the treatment of produced water to a contractor instead of setting up a water treatment plant. Also, using a diesel engine generator for electric power supply while gas was available as a fuel gas for natural gas consuming generator was a non-value added activity. Lastly, inadequate oil well flowing practice by flowing the well through an adjustable choke for a long period of time instead of using a fixed choke. This is a huge loss for indigenous oil producing fields operated by an indigenous oil service company in Nigeria. The loss was due to inability of the producers/field location owners to set up few equipment to meet up with complete operation standard.

scholarly journals Kajian Sensitifitas Komponen Biaya dan Tarif Pelabuhan Penyeberangan Dengan Model Dinamis

2019 ◽  
Vol 23 (2) ◽  
pp. 200
Author(s):  
L Denny Siahaan
Keyword(s):  
Crude Oil ◽  
Dynamic Model ◽  
Production Cost ◽  
Cost Price ◽  
Dynamic Changes ◽  
Government Planning ◽  
The Cost

Tiie price of crude oil in worldwide has fluctuating and giving as the result instabilization of production cost for industry, both service and manufacture industries. Government planning to decrease and even revoke the subsidy of gasoline is going to give domino effects for public and industry. The operator of Jerry transport therefore needs to anticipate the dynamic changes of price component then recalculate tlie price. Means, whereas the price may still cover the cost flu ctuation otherwise propose for increasing the price in order to give profit to the company. n zere are several scenarios in evaluating the existing price and it changes.Keywords : cost, price and dynamic model

scholarly journals Extrapolating Injury from Larger to Smaller Oil Spills: Lessons in Louisiana

2001 ◽  
Vol 2001 (1) ◽  
pp. 213-217
Author(s):  
John C. Kern
Keyword(s):  
Crude Oil ◽  
Natural Resource ◽  
Oil Spills ◽  
Aquatic Organisms ◽  
Cost Effective ◽  
Assessment Method ◽  
Specific Model ◽  
Effective Manner ◽  
Injury Assessment ◽  
The Cost

ABSTRACT One challenge for trustees in a natural resource damage assessment (NRDA) is to adequately quantify natural resource injuries in a cost-effective manner. This is particularly true for smaller spills, where the cost of more expansive and more expensive injury assessment studies could dwarf the cost of the restoration actions to compensate for those injuries. The need for cost-effective assessments must he balanced against the need for the assessment methods to be technically defensible and useful in identifying and scaling appropriate restoration actions. In this paper, it is shown how the injury assessment results from the Lake Barre oil spill of May 1997 (which released 6,561 barrels of crude oil) were used to help inform trustees about the likely magnitude of injury for two smaller crude oil spills in Louisiana. For the Lake Barre spill, the trustees developed an incident-specific model—adapted from the Type A model—to quantify injury to birds and aquatic fauna. The results of this model were used to evaluate a restoration offer as compensation for these injuries from the responsible party (RP). Subsequently, the results of the Lake Barre assessment were used to help quantify injury to birds and aquatic organisms for the September 1998 release of up to 1,500 barrels of crude oil from a well blowout into Lake Grande Ecaille. The National Oceanic and Atmospheric Administration (NOAA) again used the Lake Barre results to quantify injury to water column organisms for a November 1999 release of 850 barrels of crude oil from a pipeline in Four-Bayou Pass. Estimating injury by extrapolation from one spill to similar spills represents one cost-effective approach toward quantifying injury for small incidents, and should be considered as a potential injury assessment method for those spills where it is impractical or otherwise difficult to justify conducting large incident-specific injury studies. This technique can be done quickly, potentially speeding the settlement and restoration implementation process, thereby compensating the public in an expeditious manner.

The inflation hedging capacity of Islamic and conventional equities

2020 ◽  
Vol 47 (6) ◽  
pp. 1377-1399 ◽  
Author(s):  
Zaghum Umar ◽  
Dimitrios Kenourgios ◽  
Muhammad Naeem ◽  
Khadija Abdulrahman ◽  
Salma Al Hazaa
Keyword(s):  
Comparative Performance ◽  
Content Type ◽  
Vector Autoregressive ◽  
The Real ◽  
Cost Of Hedging ◽  
The Cost ◽  
Real Returns ◽  
Equity Indices ◽  
Inflation Hedging

PurposeThis study analyzes the inflation hedging of Islamic and conventional equities by employing 26 indices for the period ranging from January 1996 till August 2018. The authors investigate the decoupling hypothesis for Islamic versus conventional equities across various investment horizons.Design/methodology/approachThe authors employ a vector autoregressive framework coupled with bootstrapping procedure to compute inflation hedging measures. The hedging measures employed account for the inflation hedging capacity in terms of hedging effectiveness as well as the cost of hedging (efficiency). The authors account for various investment horizons ranging from one month to ten years.FindingsAlthough, the authors do not find consistent evidence for the decoupling hypothesis of Islamic and conventional equities in terms of their inflation hedging capacity. However, the authors document that certain Islamic equity indices can be employed to effectively hedge against the risk of inflation.Originality/valueThe main contribution of this study is that the existing literature on the comparative performance of Islamic versus conventional equities against inflation risk is sparse. The purpose of this study is to analyze the inflation hedging attributes of Islamic versus conventional equities, that is, whether Islamic equities render better real returns than their conventional counterparts. It will contribute to the growing literature on the comparison between Islamic and conventional equities by documenting the real return attributes of these two, apparently different, assets. A further contribution is that in order to account for the different investment horizons for different types of investors, this study will quantify the real return attributes of Islamic and conventional equities for short-, medium- and long-term investors.

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