An in-depth exploration of BOE, a unit of energy based on the energy released by burning one barrel of crude oil. Discover its historical context, categories, significance, and applications.
Energy Economics is the study of how economies manage energy resources, heavily influenced by theories such as Hubbert’s peak oil theory. It involves the analysis of energy production, distribution, consumption, and its impact on economic systems globally.
Levelized Cost of Energy (LCOE) is a comprehensive metric that calculates the average cost per unit of electricity generated over the lifetime of a power plant. This measure helps in comparing the cost-effectiveness of different energy sources and technologies.
An in-depth examination of oil price fluctuations, historical context, economic impact, and related phenomena in the global market.
Peak Oil refers to the hypothesized point in time when global oil production reaches its peak rate, after which it is expected to enter a permanent decline.
Proven reserves refer to the subset of recoverable reserves that have been confirmed through extensive data and analysis to have a high certainty of being recovered, often exceeding a 90% confidence level.
An in-depth overview of Petroleum Revenue Tax (PRT), including historical context, types, key events, formulas, importance, applicability, and more.
An in-depth exploration of working gas in the context of natural gas storage, including its definition, measurement, and industrial significance.
A comprehensive guide to downstream operations in the oil and gas industry, including detailed definitions, various types of operations, examples, and insights into how companies generate revenue in this sector.
Energy Return on Investment (EROI) measures the efficiency of energy production by comparing the amount of energy obtained to the energy invested. Discover its calculation, significance, and historical evolution.
A comprehensive exploration of Hubbert's Peak Theory, which predicts the rise, peak, and decline in global oil production. Delve into the origins, mathematical modeling, historical impact, and future implications of this influential theory.
Organic Reserve Replacement refers to the process by which oil companies accumulate reserves through exploration and production activities rather than purchasing already proven reserves. This strategy emphasizes internal development and discovery, enhancing long-term sustainability.
