14 Mar, 2016

Part 2 - Budgeting Production Activities

Budgets of various types constitute the principle management vehicle for the formal expression of the company's plans and objectives for a specified period of time. No other management tool is capable of providing the operational direction that can be achieved through a well-planned and developed budget. In this excerpt from Economics of Worldwide Petroleum, we will examine concepts of budgeting for production activities.

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10 Mar, 2016

Part 1 - Budgeting Exploration Activities

Budgets of various types constitute the principle management vehicle for the formal expression of the company's plans and objectives for a specified period of time. No other management tool is capable of providing the operational direction that can be achieved through a well-planned and developed budget. In this excerpt from Economics of Worldwide Petroleum, we will examine concepts of budgeting for exploration activities.

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4 Mar, 2016

What is the Impact of Light Hydrocarbons on the Natural Gas Hydrate Formation Conditions?

This tip will extend the previous studies on the natural gas hydrate formation phase behavior. Specifically, it will study the impact of light hydrocarbons on the formation of hydrate in a natural gas mixture.

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4 Feb, 2016

Correlations for Conversion between True and Reid Vapor Pressures (TVP and RVP)

Accurate measurement and prediction of crude oil and natural gas liquid (NGL) products vapor pressure are important for safe storage and transportation, custody transfer, minimizing vaporization losses and environmental protection. Vapor pressure specifications are typically stated in Reid Vapor Pressure (RVP) or/and True Vapor Pressure (TVP). In addition to the standard procedures for their measurements, there are rigorous and shortcut methods for their estimation and conversion.

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20 Jan, 2016

What is the impact of Nitrogen on the Natural Gas Hydrate Formation Conditions?

Previously, we've discussed the hydrate phase behavior of sour natural gas mixtures. Specifically, we looked at carbon dioxide inhibits the hydrate formation slightly while hydrogen sulfide enhances hydrate formation considerably. This Tip of the Month (TOTM) will extend the previous study on the natural gas hydrate formation phase behavior. Specifically, it will study the impact of nitrogen on the formation of hydrate in a natural gas mixture.

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