Forecasting the sustainable development of the oil and gas complex
An analysis of the key indicators of the provision of economically recoverable hydrocarbons reveals an imbalance in the resource base of the oil and gas industry in Russia. The gas industry will have a resource base for decades to come. The Russian oil industry is limited in its development by the reduced amount of recoverable oil. This is due to the depletion of resources in the traditional centers of oil production. The strategy for developing the oil industry is complicated by significant costs both in the development of remote areas of Eastern Siberia and the development of deep horizons in the oil provinces, particularly in southern Russia using the potential of small businesses. In this regard, the updated implementation of the sustainable development of oil and gas complex is necessary.
Forecasting Natural Gas: A Literature Survey
This work presents a state-of-the-art survey of published papers that forecast natural gas production, consumption or demand, prices and income elasticity, market volatility and hike in prices. New models and techniques that have recently been applied in the field of natural gas forecasting have discussed with highlights on various methodologies, their specifics, data type, data size, data source, results and conclusions. Moreover, we undertook the difficult task of classifying existing models that have been applied in this field by giving their performance for instance. Our objective is to provide a synthesis of published papers in the field of natural gas forecasting, insights on modeling issues to achieve usable results, and the future research directions. This work will help future researchers in the area of forecasting no matter the methodological approach and nature of energy source used.
WORLD RESOURCE STATISTICS GEARED FOR ELECTRONIC ACCESS
This article describes the first public presentation, by basin, of quantitative, worldwide conventional petroleum and natural gas resource assessments. These assessments are presented in tabular form along with a world petroleum basin map keyed to the tables. The assessments are now available on a US Geological Survey web site, http://energy.er.usgs.gov/products/papers/world{_}oil/index.htm. On the web site, the USGS offers vector digital presentation of the basins and other world geographic outlines. Each basin is numbered and keyed to a table showing basin number, basin name, and resource estimates including: Cumulative Production, Identified Reserves, and Undiscovered Resources of both oil and gas.