...SHALE GAS :AN UNCONVETIONAL GAS RESERVOIR SUNJAY,SUSHEEL KUMAR AND NIKHIL JAIN Geophysics ,Geology ,Mining Engg-IIT ,BHU ,Varansi 221005 ,India Sunjay.sunjay@gmail.com,skumarpetro09@gmail.com, nikhilchhajar@gmail.com Summary With a view to energy security of the world, unconventional energy resources - coalbed methane (CBM) , Methane Gas Hydrate, shale gas, basin centred gas ,tight gas, oil shale and heavy oil- exploration and exploitation is pertinent task before geoscientist . Shale gas is natural gas from shale formations which acts as both the source and the reservoir for the natural gas. Each Shale gas reservoir has unique characteristics. Shale has low matrix permeability, so gas production in commercial quantities requires fractures to provide permeability. For a given matrix permeability and pressure, gas production are determined by the number and complexity of fractures created, their effective conductivity, and the ability to effectively reduce the pressure throughout the fracture network to initiate gas production. Understanding the relationship between fracture complexity, fracture conductivity, matrix permeability, and gas recovery is a fundamental challenge of shale-gas development. Shale gas reservoirs almost always have two different storage volumes (dual porosity) for hydrocarbons, the rock matrix and the natural fractures .Because of the plastic nature of shale formations, these natural fractures are generally closed due to the pressure...
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...The Exportation of U.S. LNG: An Abundance of Shale and Construction of New Export Terminals Section 1: Introduction The shale boom experienced by the United States since the mid-2000s ushered in unprecedented production and reserves estimates of oil and gas in the lower 48 states. This sustained supply and production has been a result of technological advancement, particularly improved techniques in hydraulic fracturing, has kept prices for natural gas extremely low while crude oil prices have fluctuated and changed over time. One reason for this is the different nature of exportation in the two hydrocarbons. As will be discussed below, the transportation and exporting of natural gas is much different than for crude oil. Natural gas must undergo a liquefaction process in order to travel by specialized cargo ship, the alternative to a pipeline, which adds substantial costs to the activity. There are currently no operational natural gas export terminals in the lower 48 states, but a few are under construction. The large sunk costs will be a large part of our consideration of the exportation of natural gas. The U.S. has traditionally been a net importer of gas, and considering the high upfront costs of building export terminals, the sale of American gas has been isolated almost exclusively to the domestic market. The only exception to this has been to export natural gas only where existing pipelines can carry it, which has limited foreign export to North America....
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...million barrels per day (mbpd). Thus, they calculatingly ignored nearly one mbpd oversupply in the global oil market which has pushed the crude prices down by over 30 per cent since June 2014. The global oil glut, in turn, has been caused by a number of factors which include OPEC’s own overproduction, rising non-OPEC production (particularly by the U.S.-based “Shale Revolutionaries”) and lower demand from China and Europe. By declining to cut their output to shore up the prices, OPEC in general, and Saudi Arabia in particular, have refused to play the role of global “swing producer.” As most factors responsible for the current global demand-supply disequilibrium are systemic in nature, the world faces prospects for relatively bearish oil prices over the foreseeable future. Indeed, the prices have continued to fall with the Indian basket touching $72.51/barrel on November 27 — a decline of nearly $9 from the average during the first fortnight of the month. As the world’s fourth largest importer of crude, India can afford to exult at this precipitous crude price decline. Still, given the strategic importance of this development, a more comprehensive analysis is desirable. A virtuous cycle in the economy From the limited perspective of India’s consumer economy, lower global oil prices undoubtedly augur well. Lower pump prices reduce pressure on the consumer who can spend the savings elsewhere, spurring the demand side of the economy. As petroleum products form a large part of the...
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...and Turkmenistan, and Azerbaijan in the South Caucasus, were all united, as parts of the Soviet Union. Moscow would have had unfettered access to their oil and gas reserves. But the Central Asian states realise one of their greatest strategic strengths as independent countries is playing off the big global powers now scrambling to buy their precious energy supplies. So, Moscow now finds itself in fierce competition with the big players: China, the US and Europe. "Russia's overall position in Central Asia is shrinking," says Mikhail Kroutikhin, editor-in-chief of the Russian Energy Weekly. "Russia is in retreat and the Chinese are jumping on the big opportunities." New 'Great Game'? Rivalry in the region is often compared with the 19th Century British-Russian imperial rivalry nicknamed the "Great Game". China's president officially opened the Turkmenistan-China gas pipeline The past year has seen some key moments in the new energy "Great Game" in Central Asia, with the first pipelines being commissioned that take oil and gas east to China, instead of north and west. From Kazakhstan, 200,000 barrels of oil are now being pumped every day across the border into the western Chinese province of Xinjiang, and there are plans to double this pipeline's capacity. From Turkmenistan, a pipeline carrying gas to China via Uzbekistan and Kazakhstan was opened last December by the Chinese President Hu Jintao. It could satisfy around half of China's current demand by the...
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...Preface Our project based on Reliance - Fulling India's aspirations wid innovation and enterprise. It was assigned to us by our professor Mrs. Savina Shenoy. It was an interesting journey, compiling this encyclopedia with the help of the internet and various other sources. We would like to express our gratitude towards our professor and mentor Mrs. Savina Shenoy. And we hope we have Page 1 lived up to her expectations and hopes. Reliance Industries Limited Made By Jade D'mello - 3309 Alisha D'souza - 3314 Merlyn D'souza - 3316 Viola D'souza - 3317 Ritu Kanojia - 3326 Tejaswini Kotian - 3330 Page 2 Sumit Mirke - 3356 Reliance Industries Limited PREAMBLE WE, THE PEOPLE OF INDIA , having solemnly resolved to constitute India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC and to secure to all its citizens: JUSTICE, social, economic and political; LIBERTY, of thought, expression, belief, faith and worship; EQUALITY of status and of opportunity; and to promote among them all FRATERNITY assuring the dignity of the individual and the unity and integrity of the Nation; Page 3 IN OUR CONSTITUENT ASSEMBLY this twenty-sixth day of November, 1949, DO HEREBY ADOPT, ENACT AND GIVE TO OURSELVES THIS CONSTITUTION. Reliance Industries Limited Contents 5 8 14 20 34 37 40 45 49 53 56 59 62 64 65 69 90 94 96 98 99 112 117 4 Dhirubhai Ambani - End Of Era The Reliance Industries Ltd Business ...
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...UNDERSTANDING NATURAL GAS MARKETS Table of Contents PREVIEW Overview ...................................................................... 2 The North American Natural Gas Marketplace ............... 4 Natural Gas Supply ....................................................... 8 Natural Gas Demand ................................................... 12 Natural Gas Exports .................................................... 15 How Natural Gas is Traded .......................................... 16 Conclusion: A New Era For U.S. Natural Gas Markets ... 20 Glossary ..................................................................... 20 References ................................................................. 23 Understanding Natural Gas Markets Overview Natural Gas is an Important Source of Energy for the United States. Natural gas is an attractive fuel because it is clean burning and efficient, and ample supplies of natural gas are available from domestic resources. Recently, natural gas production in the U.S. has increased substantially due to technological advancements in natural gas extraction methods. This increased production has displaced traditional supply sources and resulted in reduced prices for natural gas consumers. The prospect of ample natural gas supplies, continued low prices, and the favorable environmental and economic position of natural gas-fired electric generation plants are leading to expectations of growing U.S. demand for natural gas, especially...
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...highly influential - Political risks: Instability, expropriation/nationalization of property, terrorism, civil conflicts, strikes, wars, etc. → adverse effect - Environmental treaties (Kyoto protocol) → negative impact Economic Factors - Interdependence between world economy and oil industry: economic growth → growing demand for oil; but also: continual supply of oil at reasonable prices → stable economy - Inelastic demand → positive effect - US dollar (and US economy) →significant impact - Exchange rates → impact on buyers and suppliers Socio-cultural Factors - Values and beliefs shape preferences for energies → energy mix changing towards greener energies - Need for companies to show social responsibility → supporting sustainable human development through investments in education, training, social and environmental activities Technological Factors - Extremely technology-driven: improved upstream technologies →better recovery of hydrocarbon, recovering oil from reserves considered exhausted → improved profitability (gains) - Breakthrough technology in ultradeep-water extraction →competitive advantage for Petrobras - Advanced technology → profound impact on long-term sustainability . Industry Competition Analysis (Porter’s five forces) In order to create a profitable competitive strategy, a firm must first examine the basic competitive structure of its industry through the competitive forces, because the potential profitability of the firm is heavily influenced by the profitability...
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...Sustainable Development and Planetary Boundaries BACKGROUND RESEARCH PAPER Johan Rockström and Jeffrey D. Sachs with Marcus C. Öhman and Guido Schmidt-Traub Submitted to the High Level Panel on the Post-2015 Development Agenda This paper reflects the views of the author and does not represent the views of the Panel. It is provided as background research for the HLP Report, one of many inputs to the process. May 2013 Draft for Discussion Sustainable Development and Planetary Boundaries Draft for Discussion Background paper for the High-Level Panel of Eminent Persons on the Post-2015 Development Agenda Prepared by the co-chairs of the Sustainable Development Solutions Network Thematic Group on Macroeconomics, Population Dynamics, and Planetary Boundaries: Johan Rockström Executive Director, Stockholm Resilience Centre Professor of Environmental Science, Stockholm University Jeffrey D. Sachs Director, The Earth Institute, Columbia University Director, The Sustainable Development Solutions Network Special Advisor to Secretary-General Ban Ki-Moon on the Millennium Development Goals with Marcus C. Öhman Associate Professor and Senior Researcher in Ecology and Environmental Science, Stockholm Resilience Centre Guido Schmidt-Traub Executive Director, The Sustainable Development Solutions Network 15 March 2013 1 Draft for Discussion The world faces a serious challenge, indeed one that is unique to our age. Developing countries rightly...
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...Income inequality damages growth, OECD warns Chris Giles in London Rising income inequality over the past 30 years has damaged growth rates in rich countries by limiting educational opportunities for poor children, according to research by the OECD, the group of mainly rich nations. The finding that higher inequality harms economic performance mirrors the results of a similar study by the International Monetary Fund earlier this year. But the OECD’s analysis goes further because it concentrates on rich countries and attempts to establish the exact cause of inequality’s harmful effects on growth. The OECD said the research showed governments should focus policy on ensuring poorer children gain better education and the supporting people into employment. As inequality has moved higher up the political agenda in rich countries, there has been a flurry of research papers looking into the link between inequality and growth. Clear conclusions have been difficult to achieve because economic theory is ambiguous and the subject has been plagued by research finding spurious associations in the data rather than meaningful causal relationships. Higher inequality can hinder growth by destroying trust in society, hitting investment in skills and reducing demand growth for goods and services from poorer families who tend to spend more of their incomes. But it also provides greater incentives for people to strive to climb the ladder of opportunity and can provide necessary savings to...
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...Turn risks and opportunities into results Exploring the top 10 risks and opportunities for global organizations Oil and gas sector Contents Introduction Executive summary Part 1: Risks Ernst & Young sector risk radar The top 10 risks 1. Access to reserves: political constraints and competition for proven reserves 2. Uncertain energy policy 3. Cost containment 4. Worsening fiscal terms 5. Health, safety and environmental risks 6. Human capital deficit 7. New operational challenges, including unfamiliar environments 8. Climate change concerns 9. Price volatility 10. Competition from new technologies 1 3 6 7 8 8 10 12 14 16 18 20 21 22 23 24 25 26 26 28 29 30 32 34 36 38 39 40 42 Part 2: Opportunities Ernst & Young opportunity ladder The top 10 opportunities 1. Frontier acreage 2. Unconventional sources 3. Conventional reserves in challenging areas 4. Rising emerging market demand 5. NOC-IOC partnerships 6. Investing in innovation and R&D 7. Alternative fuels, including second generation biofuels 8. Cross-sector strategic partnerships 9. Building regulatory confidence 10. Acquisitions or alliances to gain new capabilities Methodology Introduction While risk continues to dominate the business agenda, competition is also becoming just as dominant a feature. Market volatility, pricing pressure, variations in market performance, demanding stakeholders — all have contributed to a global economy that encourages competitive drive. And with that drive comes...
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...INTRODUCTION ONGC Videsh Limited (OVL) is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), a Central Public Sector Enterprise/Undertaking (CPSE/CPSU) of the Government of India, under the administrative control of the Ministry of Petroleum & Natural Gas (2MoP&NG). OVL is engaged in exploration and production of oil and gas outside India. OVL was incorporated as Hydrocarbons India Private Limited, on March 5, 1965 with registered office in New Delhi to perform international exploration and production business. The Company was rechristened as ONGC Videos Limited w.e.f. 15th June, 1989. With the widening of the energy supply gap from domestic production, participation in oveRs.eas oil and gas assets for equity oil was revived in the mid nineties. OVL participated in few exploration projects then, which could not bear desired results. In January, 2000, OVL was granted special empowerment by the Government. The special empowerment facilitated better and smooth functioning of the Company in the international environment as evidenced by a string of successful acquisitions post January, 2000. OVL presently has participation either directly or through wholly owned subsidiaries/joint venture company in 33 E&P projects in 14 countries namely Vietnam (2 projects), Russia (2 projects), Sudan (3 projects), Iran (1 project), Iraq (1 project), Libya (1 project), Myanmar (2 projects), Syria (2 projects), Cuba (2 projects), Brazil (6 projects)...
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...traders and CEO’s clash over recovery prospects OBJECTİVES *What is the OPEC and it’s main goals? *Why are oil prices falling? *Who are the winners and who are the loosers? *Consequences of falling prices. *Important comments about oil price. What is the OPEC and it’s main goals? Organization of the Petroleum Exporting Countries (OPEC), a permanent, international organization headquartered in Vienna, Austria, was established in Baghdad, Iraq on 10–14 September 1960.Its mandate is to "coordinate and unify the petroleum policies" of its members and to "ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry. In 2014 OPEC comprised twelve members: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. Why are oil prices falling? Here are four main factors driving oil’s sharp decline: 1. US oil production is booming Exploding US oil production has transformed one of the world’s leading oil consumers into one of its leading producers as well – in fact, North Dakota alone produces a million barrels of oil per day. US production now rivals oil giants Saudi Arabia and Russia, largely thanks to innovative drilling that has unlocked oil and natural gas deposits trapped in shale rock. US production has cushioned...
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...Acquisition/Investment Cancelled Acquisition/Investment Group By: Investments Company Name Relationship Type Primary Industry Last Investment Date LTM Total Rev. ($mm) LFQ Total Assets ($mm) LFQ Total Debt ($mm) Period End Date Cuadrilla Resources Holding Limited Pending Acquisition/Investment Oil and Gas Exploration and Production Feb-16-2010 - - - - Website: There is no website for this company Business Description: Cuadrilla Resources Holding Limited operates as an oil and gas exploration and production company. The company was founded in 2007 and is based in the United Kingdom. Investment Coverage: - Relationship with Investor/Parent: Total Investment ($mm): - Expected Exit Date: - Percent Owned (%): - Return on Investment (%): - Controlling Interest: - Investor Notes: - Transactions: Date: Feb-16-2010 Type: Private Placement Size ($mm): 58.00 Status: Announced Eagle Energy, LLC Pending Acquisition/Investment Electric Utilities Dec-21-2009 - - - - Website: www.eagleenergyllc.com Business Description: Eagle Energy, LLC provides alternative energy supply, and electricity and natural gas consulting and aggregation services to commercial, industrial, and governmental entities. The company also offers energy aggregation for communities. It has operations in Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island...
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...EMERGING ECONOMIC AND POLITICAL CONFLICTS AS THREAT TO PROSPERITY Biyash Chakraborty MBA- International Business Email: chakraborty.biyash93@gmail.com University of Petroleum and Energy Studies, Dehradun. (Uttarakhand), INDIA __________________________________________________________________________ Abstract India’s rapid economic growth has made it the second fastest growing energy market in the world. Its domestic and international strategies has produced foreign policy differences with the United States that will require careful management on both sides. India’s basic approach to energy diplomacy has been to develop its supply potential and neutralize its potential competitors, principally China. India’s strategic interest in Iran as its energy partner and then the Iraq crisis are having a negative consequence on its economic prosperity, placing it on crossroads with the US. There is a divide between US and EU about the wisdom and desirability of imposing harsh economic sanctions on Russia. In any such confrontation, EU stands to lose much more than the US, though it can be argued that Russia will be the worst loser. In future, Russia may try to find new potential market for its gas and that could be India. So it is important for India to take its stand on Ukraine crisis carefully without tarnishing its relation with USA. India’s long-term prosperity hinges to some degree on a conflict free neighborhood; that an economically integrated region is in India’s overall...
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...October 2011 China And Africa. Zambia - China: Trade, Politics, and Development. Scope : In little over three decades, the Bilateral relationship between Zambia and the Peoples Republic of China has been cemented with a stronghold foundation, but then again, as interests have been reciprocated allying both over time, politics and economic imbalance has caused trade and development to be somewhat controversial in their Relationship. This paper will also look at the historical and contemporary ties between the two economies. In the Late 1960’s, shortly after Zambia’s Independence, China constructed a 2000km railway linking Zambia to Tanzania, in order to provide an alternate route to seaport trade for Zambia. This gesture, showed China’s interest in building ties with the Southern African State, and it also showed, that China could be a dependable ally of the Zambia. Zambia in turn also reciprocated, supporting the One China policy and also co- sponsoring China’s bid in the UN Security Council. Since then, both states have become affiliates with the sole purpose of steadfast development through trade and aid. After time and effort have been put into building political ties, investments made among allied states tend to incline economic gains and this gives birth to a new type of partnership among states. Chinese Investments in the Zambia can be dated back to the period of Zambia’s Post-independence, this was...
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