This educational resource chronicles the oil industry’s transformation over the last century and discusses the future and how the industry engages in its four primary sectors of activity: finding and producing crude oil, transportation, refining, and marketing. New professionals, industry executives, government officials, and academicians will find that this book is a concise introduction to the industry and an invaluable source of information.

With political turmoil in the Middle East contributing to price volatility and production problems, many experts have questioned if this critical region can continue to supply petroleum for the global economy. Former Saudi Aramco chief petroleum engineer Lou Powers offers insights into the major oilfields of Saudi Arabia, and whether these historic reserves can continue to deliver the petroleum that drives the global economy. Written from the perspective of Powers' more than 50 years in the global petroleum industry, this book gives readers a window into a world few understand, yet depend upon for their everyday needs.

This new book is an important educational tool for anyone in the petroleum industry—whether upstream, downstream, or pipeline—who would like to learn the fundamentals of the most commonly known unconventional oils: oil sands, heavy oil, and bitumen. Unlike conventional oil resources, “unconventional oil” resources have been known to exist only for the last few decades and are available in limited areas of the world. The most commonly known “unconventional oils”—oil sands, heavy oil, and bitumen—are found primarily in the western United States, Canada, and Venezuela. Only recently has serious consideration has been given to North American resources for meeting the increasing demands for transportation fuel. Dr. Banerjee discusses the importance of these unconventional oils and provides an introduction for those beginning their journey in the still unexplored unconventional hydrocarbon resources of the world.

Drilling Technology in Nontechnical Language, 2nd Edition, is ideal for everyone interested in the drilling industry, including industry veterans, non-engineer industry professionals, and undergraduate petroleum engineering students. The 2nd Edition features a new chapter on getting work in the drilling industry (including types of employers, service companies, and drilling-related job definitions); new graphics to make concepts and equipment easier to understand; explanations of newer drilling techniques; and "well control" chapter carefully written to cover issues surrounding the BP Macondo blowout. The new second edition includes additional chapters that cover working in the drilling industry, working in remote locations, and advanced drilling techniques, and includes an additional section about managing costs.

This timely, nontechnical book describes and analyzes the global oil and gas industry, focusing on its strategic, financial, and business aspects and addressing a wide range of topics organized around the oil and gas industry value chain, starting with exploration and ending with products sold to consumers.It is a single source for anyone interested in how the business of the world’s largest industry actually works: business executives, students, government officials and regulators, professionals working in the industry, and the general public.

International exploration and production is challenging and exciting. Negotiating with governments and understanding the dynamics of their fiscal systems and/or production sharing contracts can mean the difference between success and failure. Provides an extremely clear and practical perspective on international exploration economics and risk analysis, petroleum fiscal system analysis and design, contract negotiations, economic, financial and accounting aspects of: production sharing contracts, and royalty/tax systems. This anthology of articles from the Petroleum Accounting and Financial Management Journal (PAFMJ) -- Institute of Petroleum Accounting, University of North Texas has been dramatically updated with detailed examples.