Foreign Oil Research Articles

Current Status and Trends in Shale Oil and Gas Drilling Engineering Technology Development at Home and Abroad

Abstract Shale oil and gas is an important component of unconventional oil and gas, and the United States has achieved energy independence through the shale revolution. China has abundant unconventional oil and gas resources, and the vigorous development of shale oil and gas is a necessary path for the development of China’s oil and gas industry. By systematically analyzing the developmental characteristics of shale oil and gas major countries, represented by North America, this study compares domestic and foreign shale oil and gas drilling engineering technologies from the perspectives of development process, well construction cycle, drilling parameters, and other aspects. It clarifies the advantages and challenges of Chinese shale oil and gas drilling engineering technology and provides targeted recommendations. The drilling mode for shale oil and gas in China has progressed from single horizontal wells to large-scale platform factory operations, significantly reducing costs and increasing efficiency. However, due to the complex geological conditions of shale formations and poor surface environment, China’s shale oil and gas wells have a horizontal section length about 1000 meters shorter than those in North America, and the well construction cycle is 2-3 times longer. There are still certain gaps in drilling efficiency and operating costs compared to foreign countries. By systematically analyzing the development process and parameter characteristics of shale oil and gas drilling engineering technology at home and abroad, this study clarifies the current status of drilling engineering technology, providing references for the integration and promotion of mature technologies, demonstration of key core technology breakthroughs, and exploration of cutting-edge technology research and development.

Geological characteristics and volume fracturing adaptability of tight oil reservoirs in the Ordos Basin of China

Abstract In recent years, China’s dependence on foreign crude oil has gradually increased. The Ordos Basin has abundant oil, gas, and coal resource. Tight oil and shale reservoirs have become very important replacement resources. This article studies the geological characteristics and volume fracturing adaptability of the Yanchang Formation tight oil reservoir in the central region of the Ordos Basin, and uses X-ray diffraction experiments to analyze the mineral composition of the reservoir; Utilizing high-pressure mercury intrusion technology to achieve precise quantitative characterization of multi-scale pore structures in reservoirs; Using the Analytic Hierarchy Process, establish a numerical judgment matrix and factor weights to study the adaptability of volume fracturing in the region. The results indicate that the volume fracturing adaptability of tight oil reservoirs in the Ordos Basin is good.

Towards food security: Exploring the spatio-temporal dynamics of soybean in India

India is the world’s largest edible oil importer, and soybean oil accounts for a major portion of those imports, with implications for the Indian economy. Despite being the 4th largest globally in terms of harvested soybean area and 5th largest in terms of production, India is still heavily dependent on imports to meet the vegetable oil requirement for its population. It is therefore imperative to understand the dynamics and trends in India’s soybean production to help the country achieve self-sufficiency in edible oils. This study provides the first spatially explicit analysis of soybean in India, using long-term spatial and temporal statistics at national and subnational levels, using spatial and temporal statistical analysis models to examine the historical trends and its future prospects. Our analysis details the overall soybean expansion across the country and the increase in production but we also note that the annual growth rate has declined in each consecutive decade even though the area continues to expand. The average national yield has been stagnant at around 1 T/Ha but for some of the low-producing districts, a higher yield of more than 3 T/ha is reported. For most major producing districts, soybean yields are below 1.5 T/Ha. The state of Madhya Pradesh which was the major soybean producer is now matched by the state of Maharashtra in terms of production, however, Madhya Pradesh still has the largest area under soybean. We analyzed soybean hotspot expansion in India and found that the mean center of the soybean area and production has shifted approximately 93 km towards the south and 24 km to the west as the crop is rapidly being adopted in the southern and western parts of India expanding the hotspot in these parts. District-level analysis showed that the total number of districts constituting hotspots of soybean cultivation in India has increased from 29 to 42 in three decades. Furthermore, analysis of soybean oil and meal consumption with respect to the national population, import, export, domestic production, GDP per capita, and price of soybean oil and meal suggests that soybean oil and meal are highly correlated with GDP per capita and population, indicating that consumption of soybean oil and meal is likely to increase as GDP per capita increases, and future demand is expected to rise with the anticipated growth in the Indian population. Increased soybean production can play a significant role in increasing national food security for India and reducing dependence on foreign oil imports and also help the economy with soy meal exports. Understanding the spatiotemporal variability in area and yield will help target interventions to increase production. Given the overall low yields with high variability in production, particularly in recent years primarily due to successive extreme rains and droughts in major producing districts and the overall need to increase production to meet the country’s demand, there is a pressing need for government policies and research aimed at narrowing the yield gap and developing soybean varieties that are more productive and resilient to climate change.

INFLUENCE OF THE TYPE OF MATERIAL OF DELAYED COKING REACTORS ON DAMAGE DURING OPERATION

The problem of increased damage to delayed coking reactors (DCRs) or coke drums in domestic and foreign oil refining practice is still relevant. To date, significant progress has been made abroad in understanding the mechanisms of damage to DCR; numerous measures have been formulated, tested for widespread use, and have been used for a considerable time to improve the resistance to operational damage of DCRs. There is an urgent need to adapt and use positive foreign experience in the domestic practice of designing and operating DCRs, which will allow for a significant reduction in their damageability. Among the measures to increase the resistance to operational damage of DCRs, the most important place is occupied by the determination of technical requirements for their material design. The article compares the technical requirements for the material design of the DCR in domestic and foreign design practice, and analyzes the operating experience of the DCR with different material designs. Data on recorded damage obtained during the operation of DCRs is presented, data on the chemical composition and mechanical properties of the materials used in the manufacture of DCRs, the results of technical diagnostics of DCRs are provided with illustrative materials of damage zones of DCRs. A comparison is made in the level of resistance to operational damage of DCRs with different material designs. The results of previously performed studies on mathematical modeling of the stress-strain state of the elements of DCRs are used, with verification of strength conditions. Recommendations for the material implementation of DCRs are provided. Proposals for changes in the technical requirements for the material design of the DCRs are formulated in terms of mechanical characteristics (yield strength) in the delivered state.

Sustainable Palm Oil Investment Climate in Indonesia: Foreign and Domestic Promotion by the Local Government

This paper focuses on foreign and domestic palm oil investment promotion strategies in Dumai, Indonesia, to assess the sustainable development investment climate. Exploratory qualitative research is conducted with a case study to examine the foreign and domestic oil palm investment climate. The researchers employed NVivo 12 Plus software and the Biblioshiny application to collect, analyse and visualise bibliometric data. The research indicates that the Dumai government has pursued a strategy to stabilise the foreign and domestic palm oil investment climate by conducting promotions abroad and domestically. The conclusions show that the oil palm investment climate has been unable to positively contribute to economic, social and environmental growth in sustainable development in Dumai. Positive impacts of oil palm investment include offering livelihoods, creating new jobs and increasing local revenue. This research aids the government of Dumai in improving the global palm oil sustainable development investment climate.

Macroeconomic Factors on Stock Return at IDX Value 30

This study examined factors including oil prices, foreign exchange rates, consumer price index, gross domestic product, and foreign direct investment on stock return. This study used secondary data as a basis for research by obtaining information for 30 companies registered at IDX Value 30. This research uses panel regression to show the effect of each independent variable on stock return. According to the result, IDX Value 30 stock return is significantly positively impacted by gross domestic product, consumer price index, and foreign direct investment. Meanwhile, foreign exchange rates and oil prices negatively affect the stock return.

Assessing the Drivers of Economic Growth in Pakistan: A Time-Series Analysis of Foreign Direct Investment and Oil Price Effects

This research looks at the factors that drive Pakistan's economic growth, with a particular emphasis on the influence of foreign direct investment (FDI) and oil prices. Using data from 1998 to 2022, the study applies the Auto Regression Distributed Lag (ARDL) model to examine the link between FDI, oil prices, and economic growth. The empirical findings show that FDI has a beneficial impact on economic growth, highlighting its importance as a driver for economic development in Pakistan. In contrast, the study finds that rising oil prices harm economic growth, emphasizing the negative effects of oil price volatility. Considering these findings, the study underlines the need for policies that encourage FDI inflows and industrialization to drive economic growth. Furthermore, the study emphasizes the importance of government involvement to mitigate the negative effects of rising oil costs, since unchecked rises might stymie economic progress. Understanding the determinants of economic growth in Pakistan is critical for both policymakers and investors. FDI is critical for increasing productivity and creating jobs, yet oil price volatility can have a substantial influence on the country's macroeconomic stability and growth trajectory. Analyzing their effects gives useful insights for long-term economic growth initiatives. Overall, the study suggests a dual strategy for Pakistani policymakers: create a climate conducive to attracting FDI while taking steps to reduce the negative consequences of unpredictable oil prices. By prioritizing these policies, Pakistan may accelerate its economic growth and protect itself from foreign economic shocks.

PROMISING DEVELOPMENTS AND SCIENTIFIC TECHNOLOGICAL ACHIEVEMENTS IN GEOLOGICAL EXPLORATION IN THE MIDDLE EAST REGION

Technological and economic trends in the development of the oil and gas industry form promising directions for the development of geological research, oil and gas fields development and hydrocarbons production. Currently, in the world oil and gas production practice, there is a tendency to increase the share of involvement in the hard-to-reach and hard-to-recover reserves development, which results in the cost of geological exploration increasing. It is important to minimize these costs by improving existing and developing new technological solutions. Increasing the efficiency and knowledge intensity of new technologies being introduced is the most promising strategy for exploration activities, oil and gas fields development and exploitation.The current conditions for the exit of most foreign companies from the Russian sector of the oil and gas industry, including the search for potential oil locations, require the development or maintenance at the proper level of own innovative and knowledge-intensive solutions that ensure the further systematic development of the geological exploration sector. A potential vector in this direction could be technology transfer from foreign countries, including most of the Middle East and North Africa countries. The innovative activities of up stream in these countries (including in terms of geological exploration) determine the trends in the development of international geological exploration technologies, as well as potential foreign companies for the systematic institutionalization of mutually beneficial relations between Russian and foreign oil businesses.Saudi Arabia, Israel and Iraq companies develop promising innovative solutions for the oil and gas industry exploration sector, including attracting foreign technologies to their market. Saudi Arabian companies are the most active companies with a significant increase in the number of innovative technologies. The main focus of the innovative solutions developed by these companies for the geological exploration sector is: improving methods of laboratory and geophysical research, improving the quality of seismic exploration, as well as introducing mathematical modeling modern trends in geological exploration.

Shifting Sands: US Gulf Policy Recalibrates As China's Regional Ambitions Grow

AbstractSince Iraq's invasion of Kuwait in the 1990s, the United States has played the role of security guarantor in the Gulf, and despite prevailing concerns of American retrenchment, it retains a strong military footprint across the region. But China's emergence as a major player in the Gulf—with its geopolitical ambitions, thirst for foreign oil, and attractive offer of business and investment with a “look the other way” policy on human rights—has stoked fears about the eclipse of American power. While the Gulf remains of strategic importance to the US global strategy, Washington's readjustment of its regional goals suggests that it is recalibrating. Drawing on the literature of foreign policy change, this analysis uses three case studies to examine Washington's recalibration toward the Gulf under the Biden presidency: US engagement with the Iran nuclear deal, US defense agreements with the Gulf Cooperation Council (GCC), and US‐GCC tech relations, specifically tensions with China over the use of Huawei technology. This article is part of a special issue on the responses of Gulf countries to rising Sino‐American competition, edited by Andrea Ghiselli, Anoushiravan Ehteshami, and Enrico Fardella.

Повышение устойчивости компаний на основе принципов проектного управления

An effective company and project management system should ensure a balance between business objectives and the needs of society, contribute to the stable development of enterprises in an increasingly uncertain environment. Achieving such a balance requires a comprehensive implementation of the principles of the sustainable development concept in the activities of modern companies. Despite the significant increase in global investment in sustainable projects, today there are difficulties in the choice of methods for enterprises to improve their sustainability. The article substantiates the necessity of using project management mechanisms as a key tool for improving the sustainability of companies, considers standards and ways of adapting sustainable development goals to project manage-ment methodology. In addition, based on the results of analyzing the approaches of foreign and Russian oil and gas companies, specific measures for the introduction of sustainable development principles into the practice of project management are proposed.

The Process of Foreign Oil Companies Developing New Energy and Its Enlightenment for China

The Process of Foreign Oil Companies Developing New Energy and Its Enlightenment for China

Efficiency estimation of super-viscous oil recovery by in-situ catalytic upgrading in cyclic steam stimulation: from laboratory screening to numerical simulation

The article provides an overview of ion-modified waterflooding technology, also known as low salinity, controlled salinity, or Smart water. This technology is currently considered one of the most promising approaches in the development of oil deposits in carbonate reservoirs due to its economic efficiency and environmental safety. The article discusses the main mechanisms and processes underlying ion-modified waterflooding and presents the results of laboratory studies conducted on core samples from foreign oil deposits. It includes an analysis of several studies, including contact angle measurements and core flooding experiments on core samples from oil deposits in carbonate reservoirs on the eastern side of the Melekess depression in the Republic of Tatarstan. It is important to note that the Vereyian deposits explored in this article are not a typical example of test objects for ion-modified water injection. This is because they are characterized by a low reservoir temperature of 23 °C, which suggests that the efficiency of the technology would likely be lower compared to studies conducted abroad, where reservoir temperatures were significantly higher. For example, Darvish Sarvestani et al. studied reservoir conditions at 90 °C, Yousef et al. – reservoir temperature of 100 °C, and Austad et al. examined the Ekofisk field at 130 °C and the Volhall field at 90 °C in Norway. However, as several studies have indicated, prolonged contact between rock samples and ion-modified water contributes to significant hydrophilization of the rock surface, as confirmed by contact angle measurements. The contact angle decreases from approximately 138.3° to 53.45° after exposure to ion-modified water. Additionally, the core flooding experiment demonstrated a slight increase in the oil displacement coefficient, reaching 9.2%. These findings suggest the potential for enhanced oil recovery by injecting Smart water into the Vereyian sediments, although further research is required to confirm the underlying mechanism.

Potential for improving the efficiency of carbonate oil deposits waterflooding with the use of controlled salinity technology (Smart water) at fields of Tatarstan Republic

The article provides an overview of ion-modified waterflooding technology, also known as low salinity, controlled salinity, or Smart water. This technology is currently considered one of the most promising approaches in the development of oil deposits in carbonate reservoirs due to its economic efficiency and environmental safety. The article discusses the main mechanisms and processes underlying ion-modified waterflooding and presents the results of laboratory studies conducted on core samples from foreign oil deposits. It includes an analysis of several studies, including contact angle measurements and core flooding experiments on core samples from oil deposits in carbonate reservoirs on the eastern side of the Melekess depression in the Republic of Tatarstan. It is important to note that the Vereyian deposits explored in this article are not a typical example of test objects for ion-modified water injection. This is because they are characterized by a low reservoir temperature of 23 °C, which suggests that the efficiency of the technology would likely be lower compared to studies conducted abroad, where reservoir temperatures were significantly higher. For example, Darvish Sarvestani et al. studied reservoir conditions at 90 °C, Yousef et al. – reservoir temperature of 100 °C, and Austad et al. examined the Ekofisk field at 130 °C and the Volhall field at 90 °C in Norway. However, as several studies have indicated, prolonged contact between rock samples and ion-modified water contributes to significant hydrophilization of the rock surface, as confirmed by contact angle measurements. The contact angle decreases from approximately 138.3° to 53.45° after exposure to ion-modified water. Additionally, the core flooding experiment demonstrated a slight increase in the oil displacement coefficient, reaching 9.2%. These findings suggest the potential for enhanced oil recovery by injecting Smart water into the Vereyian sediments, although further research is required to confirm the underlying mechanism.

Performance Assessment of Battery Electric Vehicles Using the TOPSIS Method

Worldwide interest in "hybrid and battery electric vehicles" has increased recently as a result of their ability to save on fuel, lessen reliance on foreign oil, and reduce greenhouse gas emissions. The effectiveness of the sub-systems that these vehicles are built with determines their overall success in large part. It is necessary to estimate these subsystems' parameters with great accuracy to improve their performances. "Battery electric vehicles (BEVs)", an eco-friendly type of vehicle, are crucial given that the automotive industry contributes significantly to carbon emissions. Due to the recent quick growth of the BEV market, it has grown to be a substantial challenge to evaluate BEV alternatives fully from the perspective of the consumer. By examining the fundamental characteristics of each BEV, this evaluation can be made. The use of "multiple criteria decision making (MCDM)" techniques is a useful tool for making the best BEV buying choice. Therefore, six BEVs are selected as options in this work. These vehicles are then ranked using TOPSIS based on technical specifications, such as Battery capacity, Range, Top speed, Quick charge time, Acceleration and Purchasing price. In this study TOPSIS method analyses the rank of Mercedes-Benz EQS as first, Audi e-tron GT as fourth, Porsche Taycan as fifth, Audi e-tron as third, Audi RS e-tron GT as second and Mercedes-Benz EQC as sixth. So, the result from the TOPSIS method shows that Mercedes-Benz EQS is highlighted as the best choice of the selected battery electric vehicles followed by the Audi RS e-tron GT.

Why are consumers switching to electric vehicles? Analyzing consumers preferences for electric vehicles

Turkey is highly dependent on foreign oil supply and the number of automobiles and fuel consumption is increasing day by day. In terms of greenhouse gas emissions, road transportation is second only to electric power generation. This study studies people's readiness to transition to electric vehicles in order to enhance their environmental and social quality of life, as well as the most effective strategy to increase the market share of electric vehicles (EVs) by 2030. We polled 466 automobile owners from 76 places throughout the country to determine their preferences. The intention to transition to EVs is the dependent variable in our study, with three ordinal responses ranging from “Certainly will switch” to “Definitely will not switch”. The survey used an ordinal response logit (ORL) model with four policy scenarios. These scenarios are: abolishing the special consumption tax (SCT), providing government-backed loans, introducing an age limit for conventional vehicles, and increasing the number of EV stations. In the absence of any policy action by the government or automakers, we estimate that the market share of EVs in Turkey would be 0.1% and the potential customer base would be 1% by 2030. The abolition of special consumption tax (SCT) on EVs would boost the intention to absolutely switch and the likelihood of switching to EVs by 19.5% and 53.2%, respectively. This result shows that the tax on vehicles is the main factor influencing consumers to switch to EVs. The results of this paper suggests that other scenarios implemented by the government will also increase the market share of electric cars in Turkey.

Strategic Approaches to Ensuring Technological Sovereignty in the Energy Sector

This article discusses strategic approaches to ensuring technological sovereignty in the energy industry. Special attention is paid to the development of the Russian standardization system for oil and gas equipment and technologies based on the established Institute of Oil and Gas Technological Initiatives, which includes Russian and foreign oil and gas companies. Effective forms and methods of implementing import substitution programs, consolidating industry demand for oil and gas equipment and technologies, preparing standards and conducting conformity assessments of enterprises on them, as well as possible options for international cooperation based on the creation of a unified legal field in the field of standardization are proposed. The research carried out by the author made it possible to formulate strategic priorities for the implementation of domestic technological policy in the oil and gas complex, aimed at solving topical issues of import substitution and ensuring technological sovereignty. Ensuring technological sovereignty in the energy sector is a strategic task that requires consolidation of efforts at the state, industry and corporate levels of management.

Spatial effects of trade, foreign direct investment (FDI), and natural resource rents on carbon productivity in the GCC region.

Natural resource rents (NRRs) may determine the environment and economic growth of the GCC countries due to their over-reliance on the natural resource sector. NRRs are the source of income in resource-abundant GCC countries. So, increasing income of these countries could pollute the environment by increasing overall economic activities. Consequently, NRRs could determine carbon productivity in the GCC region through increasing income and carbon emissions. The effects of trade openness (TO), foreign direct investment (FDI), urbanization, and oil and natural gas rents on carbon productivity (CP) are examined in the GCC region from 1980-2021 using the spatial Durbin model. The CP of the GCC countries has spillovers in their neighboring countries. Oil rent reduces carbon productivity in domestic economies and the entire GCC region. Natural gas rent, TO, and FDI increase, and urbanization reduces carbon productivity in neighboring economies and the entire GCC region. Moreover, urbanization reduces carbon productivity in domestic economies as well. The study recommends the GCC countries to reduce reliance on oil rent and increase globalization in terms of TO and FDI in the region to promote carbon productivity. Moreover, GCC countries should also focus more on natural gas rent instead of oil rent to raise carbon productivity.

Differential Tail Dependence between Crude Oil and Forex Markets in Oil-Importing and Oil-Exporting Countries during Recent Crisis Periods

The relationship between foreign exchange rates and crude oil prices holds significant importance in comprehending the dynamics of oil markets and their implications for diverse economies. This study utilizes the time-varying copula to examine the interrelationships between foreign exchange rates (FX) and West Texas Intermediate (WTI) crude oil prices, with a focus on time-varying tail dependence and time-varying linear correlation. We found that the tail dependence between foreign exchange rates (FX) and WTI crude oil prices is higher for oil-exporting countries compared to oil-importing countries. Moreover, the COVID-19 pandemic has further amplified the tail dependence for oil-exporting countries while simultaneously increasing the correlation of FXs–WTI for oil-importing countries. However, the 2022 Russian–Ukrainian conflict has exerted a significant receding effect on both the tail dependence and linear correlation of FXs–WTI, reaching or even surpassing levels comparable to those witnessed during the 2008 financial crisis. These results facilitate policymakers, investors, and market participants in making well-informed decisions and developing effective risk management strategies.

Global oil and gas development in 2022: Situation, trends and enlightenment

Through analysis of four aspects, including the distribution and production of global oil and gas fields, the distribution and changes of remaining recoverable reserves, the differences in oil and gas production between regions/countries, and the development potential of oil and gas fields with production capacity not built and to be built, this paper presents the situation and trends of global oil and gas development in 2022. It is found that, in 2022, oil and gas fields are widely distributed worldwide, and upstream production activities continue to recover; the oil and gas reserves decrease slightly year on year, and the oil and gas reserves in sea areas increase significantly; the oil and gas production increases continuously, and the key resource countries make a significant contribution in oil and gas production growth; the oil and gas fields with production capacity not built and to be built hold abundant reserves, and their development potential will be gradually released with the economic benefits increase. Further analysis is conducted from the perspectives of global oil and gas resources continuity, geopolitical risks, potential of international cooperation, and upgrade of unconventional oil and gas technology. Finally, in view of core business domains and strategies under the new situation, the Chinese oil companies are recommended to: (1) keep a foothold in onshore conventional oil and gas development by virtue of their comparative advantages and learning from other's experience in cooperation; (2) carry out pilot tests on development adjustment, and deepen the international cooperation in enhanced oil/gas recovery; (3) improve the oil and gas operation capabilities in sea areas to transform from follower as minority shareholder to joint venture and then to independent operations; and (4) seek appropriate ways for shale oil/gas development to reduce the dependence on foreign oil and gas.

Fueling divisions: a multimodal analysis of Canadian petro-nationalism in the social media discourse of “oil sands strong”

ABSTRACT This research conducts a multimodal critical discourse analysis of social media posts by Oil Sands Strong (OSS), examining their role in advocating for resource extraction through the use of “petro-nationalism” discourse. The analysis uncovers three key aspects: First, the posts employ multimodal semiotic resources to create dichotomies and blend nationalist and xenophobic discourses with energy discourse. Second, they integrate diverse multimodal symbolic elements from various discursive frameworks to forge a collective identity for the local Canadian community. Lastly, the posts stigmatize foreign oil producers, new energy industries, and environmentalists, employing multimodal symbols to obfuscate the argument's focal point and generate a hybrid discourse. Through visual symbols, assertive text, and argumentation of topoi, the posts present an exaggerated and distorted image of petro-nationalism. The study concludes that these multimodal posts aim to reshape Canadian energy politics, promote biased sentiments, exploit cultural prejudices, and formulate petro-nationalism narratives for resource extraction advocacy.