10 Feb, 2020

Economic Fundamentals of Oil Pricing

This Tip of the Month discusses the fundamental economic factors that determine the price of oil in the long term and the global standards for crude oil valuation.

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15 Nov, 2019

Managing Non-Technical Risks: A Major Operator Dealing with Conflict

Sometimes non-technical risks take the form of challenging human security issues, especially in politically volatile settings. This article takes a look at a situation a major operator experienced while working on a project in Indonesia.

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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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