Trading Natural Gas

Trading Natural Gas

Author: Fletcher J. Sturm

Publisher: Pennwell Books

Published: 2020-10

Total Pages:

ISBN-13: 9781593705039

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This how to book covers the various mechanics of natural gas trading, including the physical (cash) market for natural gas production, transportation, distribution, and consumption. It has been 23 years since Trading Natural Gas: A Nontechnical Guide was released, and many things have changed: electronic trading, power market deregulation, fracking and the shale revolution, pipelines reversing flow patterns, and LNG exports from the United States. In this second edition, the author addresses these changes, beginning with a deeper dive into the natural gas market fundamentals of supply, demand, storage, and transportation, maintaining a focus on the relationship to market pricing. Following discussion of the mechanics of trading physical natural gas, the heart of the text remains a study of financial derivative products specific to natural gas trading, presented through definitions and trading examples. Many of these products and concepts are still current and have been refreshed and kept intact. New material on the role of natural gas in the power market as it relates to fuel- switching and economic dispatch, as well as a survey of the global LNG market and US exports, is included in this second edition to bring in two of the biggest factors influencing prices in today's market. Additional statistics, tables, graphs and suggested spreadsheet templates have been provided throughout the book to help visualize many of the discussions on data. Features and Benefits Supply / Demand Fundamentals Market overviews (financial and physical) Contracts Derivatives Technical Analysis Risk Controls Audience Field level personnel Management Energy lending and finance professionals Anyone who seeks to understand how, or relies upon, energy markets Students


Working Guide to Petroleum and Natural Gas Production Engineering

Working Guide to Petroleum and Natural Gas Production Engineering

Author: William Lyons

Publisher: Gulf Professional Publishing

Published: 2009-09-16

Total Pages: 315

ISBN-13: 1856178463

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Working Guide to Petroleum and Natural Gas Production Engineering provides an introduction to key concepts and processes in oil and gas production engineering. It begins by describing correlation and procedures for predicting the physical properties of natural gas and oil. These include compressibility factor and phase behavior, field sampling process and laboratory measurements, and prediction of a vapor-liquid mixture. The book discusses the basic parameters of multiphase fluid flow, various flow regimes, and multiphase flow models. It explains the natural flow performance of oil, gas, and the mixture. The final chapter covers the design, use, function, operation, and maintenance of oil and gas production facilities; the design and construction of separators; and oil and gas separation and treatment systems. - Evaluate well inflow performance - Guide to properties of hydrocarbon mixtures - Evaluate Gas production and processing facilities


Natural Gas Hydrates

Natural Gas Hydrates

Author: John Carroll

Publisher: Gulf Professional Publishing

Published: 2009-07-10

Total Pages: 295

ISBN-13: 008057002X

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The petroleum industry spends millions of dollars every year to combat the formation of hydrates-the solid, crystalline compounds that form from water and small molecules-that cause problems by plugging transmission lines and damaging equipment. They are a problem in the production, transmission and processing of natural gas, and it is even possible for them to form in the reservoir itself if the conditions are favorable. Natural Gas Hydrates is written for the field engineer working in the natural gas industry. This book explains how, when and where hydrates form, while providing the knowledge necessary to apply remedies in practical applications. New to the second edition, the use of new inhibitors: Kinetic Inhibitors and Anticoagulants and the topic of kinetics of hydrates. How fast do they form? How fast do they melt? New chapters on Hydrates in Nature, hydrates on the seafloor and a new section has also been added regarding the misconceptions about water dew points. Chapters on Hydrate Types and Formers, Computer Methods, Inhibiting Hydrate Formation with Chemicals, Dehydration of Natural Gas and Phase Diagrams Hydrate Dehydration of Natural Gas and Phase Diagrams have been expanded and updated along with the companion website. - Understand what gas hydrates are, how they form and what can be done to combat their formation - Avoid the same problems BP experienced with clogged pipelines - Presents the four most common approaches to evaluate hydrates: heat, depressurization, inhibitor chemicals, and dehydration


Machine Learning Guide for Oil and Gas Using Python

Machine Learning Guide for Oil and Gas Using Python

Author: Hoss Belyadi

Publisher: Gulf Professional Publishing

Published: 2021-04-09

Total Pages: 478

ISBN-13: 0128219300

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Machine Learning Guide for Oil and Gas Using Python: A Step-by-Step Breakdown with Data, Algorithms, Codes, and Applications delivers a critical training and resource tool to help engineers understand machine learning theory and practice, specifically referencing use cases in oil and gas. The reference moves from explaining how Python works to step-by-step examples of utilization in various oil and gas scenarios, such as well testing, shale reservoirs and production optimization. Petroleum engineers are quickly applying machine learning techniques to their data challenges, but there is a lack of references beyond the math or heavy theory of machine learning. Machine Learning Guide for Oil and Gas Using Python details the open-source tool Python by explaining how it works at an introductory level then bridging into how to apply the algorithms into different oil and gas scenarios. While similar resources are often too mathematical, this book balances theory with applications, including use cases that help solve different oil and gas data challenges. - Helps readers understand how open-source Python can be utilized in practical oil and gas challenges - Covers the most commonly used algorithms for both supervised and unsupervised learning - Presents a balanced approach of both theory and practicality while progressing from introductory to advanced analytical techniques


Oil and Gas Trading

Oil and Gas Trading

Author: Denys Hickey

Publisher: Globe Law and Business Limited

Published: 2016

Total Pages: 0

ISBN-13: 9781911078036

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This new guide to oil and gas trading aims to fill a gap not currently supplied by other reference books on sale-of-goods law and charters by focusing on the day-to-day realities of trading in the sector. It examines the way in which the oil and gas market operates in practice, taking note of real-life situations that can arise.


Handbook of Liquefied Natural Gas

Handbook of Liquefied Natural Gas

Author: Saeid Mokhatab

Publisher: Gulf Professional Publishing

Published: 2013-10-15

Total Pages: 617

ISBN-13: 0124046452

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Liquefied natural gas (LNG) is a commercially attractive phase of the commodity that facilitates the efficient handling and transportation of natural gas around the world. The LNG industry, using technologies proven over decades of development, continues to expand its markets, diversify its supply chains and increase its share of the global natural gas trade. The Handbook of Liquefied Natural Gas is a timely book as the industry is currently developing new large sources of supply and the technologies have evolved in recent years to enable offshore infrastructure to develop and handle resources in more remote and harsher environments. It is the only book of its kind, covering the many aspects of the LNG supply chain from liquefaction to regasification by addressing the LNG industries' fundamentals and markets, as well as detailed engineering and design principles. A unique, well-documented, and forward-thinking work, this reference book provides an ideal platform for scientists, engineers, and other professionals involved in the LNG industry to gain a better understanding of the key basic and advanced topics relevant to LNG projects in operation and/or in planning and development. - Highlights the developments in the natural gas liquefaction industries and the challenges in meeting environmental regulations - Provides guidelines in utilizing the full potential of LNG assets - Offers advices on LNG plant design and operation based on proven practices and design experience - Emphasizes technology selection and innovation with focus on a "fit-for-purpose design - Updates code and regulation, safety, and security requirements for LNG applications


Handbook of Offshore Oil and Gas Operations

Handbook of Offshore Oil and Gas Operations

Author: James G. Speight

Publisher: Elsevier

Published: 2014-10-22

Total Pages: 444

ISBN-13: 0080878199

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Handbook of Offshore Oil and Gas Operations is an authoritative source providing extensive up-to-date coverage of the technology used in the exploration, drilling, production, and operations in an offshore setting. Offshore oil and gas activity is growing at an expansive rate and this must-have training guide covers the full spectrum including geology, types of platforms, exploration methods, production and enhanced recovery methods, pipelines, and envinronmental managment and impact, specifically worldwide advances in study, control, and prevention of the industry's impact on the marine environment and its living resources. In addition, this book provides a go-to glossary for quick reference. Handbook of Offshore Oil and Gas Operations empowers oil and gas engineers and managers to understand and capture on one of the fastest growing markets in the energy sector today. - Quickly become familiar with the oil and gas offshore industry, including deepwater operations - Understand the full spectrum of the business, including environmental impacts and future challenges - Gain knowledge and exposure on critical standards and real-world case studies


A Practical Guide to Piping and Valves for the Oil and Gas Industry

A Practical Guide to Piping and Valves for the Oil and Gas Industry

Author: Karan Sotoodeh

Publisher: Gulf Professional Publishing

Published: 2021-01-30

Total Pages: 984

ISBN-13: 0128237961

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A Practical Guide to Piping and Valves for the Oil and Gas Industry covers how to select, test and maintain the right oil and gas valve. Each chapter focuses on a specific type of valve with a built-in structured table on valve selection. Covering both onshore and offshore projects, the book also gives an introduction to the most common types of corrosion in the oil and gas industry, including CO2, H2S, pitting, crevice, and more. A model to evaluate CO2 corrosion rate on carbon steel piping is introduced, along with discussions on bulk piping components, including fittings, gaskets, piping and flanges. Rounding out with chapters devoted to valve preservation to protect against harmful environments and factory acceptance testing, this book gives engineers and managers a much-needed tool to better understand today's valve technology. Presents oil and gas examples and challenges relating to valves, including many illustrations from valves in different stages of projects Helps readers understand valve materials, testing, actuation, packing and preservation, also including a new model to evaluate CO2 corrosion rates on carbon steel piping Presents structured valve selection tables in each chapter to help readers pick the right valve for the right project


Oil and Gas Performance Analysis

Oil and Gas Performance Analysis

Author: James Tague

Publisher:

Published: 2019

Total Pages: 0

ISBN-13: 9781593704810

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Operating Expenses, Cash Flow, Finding and Development Costs, Return on Capital Employed are but a few of the hundreds of measurements and metrics used to analyze performance in the oil and gas industry. From individual wells to entire portfolios, performance analysis is used to make decisions throughout an organization. Unfortunately, performance analysis is generally conducted in the higher echelons of an oil and gas company, and thus its value in creating actionable information at the field level is generally lost. This book seeks to bridge this gap by introducing the basic concepts of oil and gas performance analysis. Features and Benefits A common sense methodology that will keep any performance analysis focused, on point and capable of providing useful and actionable information An introduction to the myriad of data sources used in performance analysis including lease operating statements (LOS reports), reserve reports and financial statements An introduction to the most relevant performance metrics used in oil and gas performance analysis including production and cost metrics, reserves, cash flow, and other financial metrics How to analyze, interpret, and evaluate the performance of individual fields, portfolios and overall company performance Audience Field level personnel Management Engineers Energy lending and finance professionals Anyone who seeks to understand how, or relies upon, performance analysis