15 research outputs found
صعود النفط الصخري والغاز والطاقة المتجددة وافاق مستقبل قطاع الطاقة بدول مجلس التعاون الخليجي
The rise of shale oil and gas, particularly in the United States, and its emergence
as the largest producer of oil and an exporter of natural gas and a modest amounts
of oil, has transformed the US as the net importer of oil and gas to an exporter in
a short span of time. As such, US is on the verge of becoming a formidable future
competition for the GCC energy producers.
In fact, by 2019, the promise of US shale oil and gas proved to be so alluring that
as of late many major US energy companies are cutting back on their overseas
investment in favor of investments in US shale oil and gas sector. In addition to the
US competition, some of the major global importers of GCC oil and gas, namely
China and Japan are investing in exploring their own domestic alternative sources
of energy. The Energy Information Administration in the United States estimates
that China has four times larger reserves of shale gas than the United States.
Currently, Shale gas production in China is responsible for about 15% of domestic
consumption, but as the technological capabilities to access these resources
improves and the cost of production decreases, Chinas reliance on its own gas
reserves for domestic consumption is bound to expand. Japan, the largest global
importer of Liquified Natural Gas in the world, has invested substantially in the last
decade in order to find safe and economically viable ways to explore the massive
amount of Methane Hydrates (Flammable Ice) that is found off its coast in order to
reduce its heavy reliance on imported gas. Hence, as the magnitude of global
environmental crisis unfolds, the call for divestment from fossil fuels and more
substantial investment in wind and solar energy has gathered momentum globally;
and by 2016, investment in these new sources of energy was outstripping the
amount of money invested in fossil fuels. These impactful new developments
already have created their own ripple effects economically and politically,
compelling several GCC countries to put the diversification of their economies on
top of their respective agendas as manifested by Saudi Vision 2030 and a similar
initiative in Kuwait. The United Arab Emirates and Qatar had embarked on the
path of diversification of their economies earlier. As Chinas ambitious Belt and
Road Initiative (BRI) gathers momentum, attempts are underway by several GCC
countries to forge synergy between their own initiatives and Chinas BRI. It remains
to be seen if these polices would prove to be successful or not. This paper
provides an in-depth analysis of these themes and in light of current dynamics
offers some insights into the future prospects for the energy sector in GCC
countrie
Global impact of unconventional energy resources/ edited by Manochehr Dorraj and Ken Morgan.
Includes bibliographical references and index.This volume presents the reader with a comprehensive account of the development of shale oil and gas reserves globally. This study provides a comparative perspective that enables readers to situate the unique US experience in a broader global context and appreciate the limitations of reproducing it elsewhere in the immediate future.Cover; Global Impact of Unconventional Energy Resources; Global Impact of Unconventional Energy Resources; Copyright page; Contents; Acknowledgments; Chapter 1; Global Impact of Unconventional Energy Resources; Contribution of this volume; Summary of chapters and the content of the book; Notes; Chapter 2; The Miracle of the US Shale Experience; Brief history of George Mitchell and Mitchell Energy; Conclusion; Notes; Chapter 3; Midland, Texas; Frack quakes; Midland: The Wolfberry Trend; Conclusion; Notes; Chapter 4; Eastern US Shale DevelopmentBackground of shale gas development in the eastern United StatesAppalachian shale production trends; Water resources and environmental issues associated with shale gas development; Economic considerations of eastern shale gas extraction-new historic trends; Shale gas to market-the implications of midstream infrastructure; The move toward US LNG exports: The economic and policy impacts of shale gas in the global dialogue; Trends in next 3-5 years on siting facilities in North America; The rise of social media and the challenges of social license in the public policy energy debate; ConclusionNotesChapter 5; The International Impact of the Shale Revolution; Trends in US oil production, demand, and trade; Impact on Saudi Arabia; The Saudi reaction; The impact of the Saudi action; The impact on OPEC; The impact on US foreign policy toward the Middle East; Conclusion; Notes; Chapter 6; Facets of Unconventional Oil and Gas Exploration and Production in Canada1; Types of unconventional gas resources in Canada; Shale gas; Tight gas; Shallow biogenic gas; Regulatory agencies; Current state of the industry; Conclusion; Notes; Chapter 7The Socio-Legal Dimensions of the Development of Unconventional Petroleum in AustraliaScope and methodology; Unconventional petroleum resources in Australia; Shale gas resources (SGR); Development of CSG resources in Queensland; Regulation of east coast CSG; Central and Western Australia shale gas development; Environmental regulation; Harmonization of unconventional petroleum regulation in Australia; Conclusion; Notes; Chapter 8; Unconventional Energy in Europe; Unconventional energy in Europe: Reserve estimates and policy context; Reserves; Regulatory frameworks and political contextEconomicsPoland; Regulatory governance and policy context; Prospects for commercial development; Germany; Regulatory governance and policy context; Prospects for commercial development; Romania; Regulatory governance and policy context; Prospects for commercial development; The United Kingdom; Regulatory governance and policy context; Prospects for commercial development; Conclusion; Notes; Chapter 9; Development of Shale Oil and Gas in Russia; Unconventional oil resources in Russia; Bazhenov formation; Other formations; Main limiting factors and impact of sanctions; Impact of the sanctions1 online resource (vii, 307 pages