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The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
Fifty years ago, in November 1947, Brown & Root helped Kerr-McGee build the first out-of-sight-land offshore platform that produced oil. The date is widely celebrated as the birth of the modern offshore industry. In the years since this historic occasion, Brown & Root has continued to pioneer in the design and construction of offshore pipelines and platforms. Along with the rest of the offshore industry, the company has helped develop technology capable of finding and producing oil in deepwater and in harsh environments around the world.This history puts a human face on the process of technological change. Using the words of many of those who took part in Brown & Root's offshore activities, this book recounts their efforts to find practical ways to recover offshore oil. Building on lessons learned in the Gulf of Mexico before and after World War II, the company's personnel adapted offshore technologies to conditions encountered in Venezuela, the Middle East, Alaska, and other regions before becoming one of the first engineering and construction companies to confront the challenge of North Sea development in the 1960's.Through times of boom and bust in the oil industry, the search for effective technology had continued. The process has not always been smooth, but the results have been impressive. As we enter a new and exciting era in offshore technology, the history of the first fifty years of the industry provides a useful context for understanding current and future events.
Summarizes the science of climate change and impacts on the United States, for the public and policymakers.
National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. As such, they are of great consequence to their country's economy, to importing countries' energy security, and to the stability of oil and gas markets. The paper analyzes the available evidence on the objectives, governance and performance of 20 NOCs from both net importing and net exporting countries, and draws conclusions about the design of policies and measures that are more likely to lead to social value creation. NOCs differ from private companies on a number of very important variables, including the level of competition in the market in which they operate, their business profile along the sector value chain, and their degree of commercial orientation and internationalization. Most share some core characteristics: they are usually tied to the 'national purpose' and serve political and economic goals other than maximizing the firm's profits. This paper introduces a conceptual model to analyze value creation by NOCs that takes into consideration their complex objective function. Our analysis aims to answer the following questions: Are certain corporate governance arrangements more suited than others to promote value creation? Is good geology a pre-condition for NOC value creation? Are there benefits from exposing the NOC to competition from private oil companies? Does the development of forward and backward linkages hamper NOC value creation?
This open access book offers a timely guide to challenges and current practices to permanently plug and abandon hydrocarbon wells. With a focus on offshore North Sea, it analyzes the process of plug and abandonment of hydrocarbon wells through the establishment of permanent well barriers. It provides the reader with extensive knowledge on the type of barriers, their functioning and verification. It then discusses plug and abandonment methodologies, analyzing different types of permanent plugging materials. Last, it describes some tests for verifying the integrity and functionality of installed permanent barriers. The book offers a comprehensive reference guide to well plugging and abandonment (P&A) and well integrity testing. The book also presents new technologies that have been proposed to be used in plugging and abandoning of wells, which might be game-changing technologies, but they are still in laboratory or testing level. Given its scope, it addresses students and researchers in both academia and industry. It also provides information for engineers who work in petroleum industry and should be familiarized with P&A of hydrocarbon wells to reduce the time of P&A by considering it during well planning and construction.