Economics of Oil and Gas

The book explores the economics of the oil and gas industry,including exploration, development, production, transportation, refining, and marketing. It discusses the unique economic challenges the industry faces, such as negotiating international contracts, managing recovery risks, implementing cross-border pipelines, and dealing with taxation variations. The search for low-carbon fuels, shale gas, finite reserves, and global political realities make the sector high risk, but the economic rewards can be huge.

\n Format: Paperback / softback
\n Length: 288 pages
\n Publication date: 21 December 2020
\n Publisher: Agenda Publishing
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The availability of affordable energy derived from fossil fuels, particularly oil, has played a pivotal role in propelling postwar global economic growth. As a result, the petroleum industry boasts some of the largest companies in the world. This comprehensive book delves into the economics of the oil and gas industry, encompassing exploration, development, production, transportation, refining, and marketing. At each stage of the value chain, the key economic considerations and costs are presented to provide the reader with a thorough understanding of the industry's operations.

The book also explores several unique economic challenges faced by the industry. These challenges include navigating international contracts with host countries to secure access to hydrocarbons, managing the risks associated with recovery operations, implementing cross-border pipelines, dealing with significant variations in taxation of refined products, and responding to the impact of price control and subsidization in OPEC nations, which can result in significant price volatility.

Furthermore, the book examines the search for low-carbon fuels, the impact of shale gas, the prospect of finite reserves, and the global political realities that shape the competing demands of oil-importing and oil-exporting countries. These factors contribute to the sector's inherent risk, yet the potential economic rewards are substantial.

In conclusion, this book offers a comprehensive examination of the economics of the oil and gas industry, providing valuable insights into its operations, challenges, and opportunities. It is a valuable resource for professionals, policymakers, and students interested in understanding the complex dynamics of this vital sector.

\n Weight: 406g\n
Dimension: 149 x 209 x 25 (mm)\n
ISBN-13: 9781911116288\n \n