There has been a steady growth in the length of pipelines over past 45 years, with 6000 operating platforms extracting oil. Several facilities would reach their operational life, which can no longer be economically viable for production and will eventually undergo decommissioning procedure. Almost 3000 petroleum industries likely decommissioned worldwide next 17 years. By 2030, total cost globa...

This study examines the pre-announcement performance of Canadian takeover targets and measures the relation between performance and the turnover rate of target firm top managers (Chief Executive Officers or Presidents) following the announcements. We find negative correlation between pre-announcement performance and the turnover rate. We find that the pre-announcement performance of targets tha...

Developing a pipeline risk assessment tool in the upstream oil and gas industry can be a difficult process. Regardless of the intent (integrity management, resource allocation, compliance etc.), challenges in the form of resource limitations and data constraints need to be overcome to develop a functional risk assessment tool. This paper describes Talisman Energy’s experience in developing an i...

The security of the functioning systems represents, through four specific components (security, availability, reliability and maintenance), a basic component processing requirement. Monitoring all intrinsic operating parameters oil gas pipelines can be technically detected diagnosed by: –existing defects; –rapid effective intervention to eliminate damage, if they occurred. To establish maintena...

Underwater oil and natural gas pipelines are an underwater transport infrastructure known to be reliable, fast, efficient, preferred for the transmission of energy far distances. The rapid continuous increase in demand due population growth, industrial developments, global growth requires economic environmental solutions safe control sources such as gas. These lines damaged their work corrosive...

The oil and gas industry will continue to boom in the coming few decades. Obtaining oil and gas from conventional and non-conventional resources will become more and more challenging. This intensifying need will impose very considerable demands on work force, financial and technology capabilities. Since the future supplies of oil and gas are to expand, advanced technology will become increasing...

Hydrates are crystalline compounds similar to ice, with guest molecules like methane and ethane trapped inside cavities or cages formed by the hydrogen bounded framework of water molecules. These solid compounds give rise to problems in the natural gas oil industry because they can plug pipelines and process equipments. Low dosage hydrate inhibitors are a recently developed hydrate control tech...

Some oil refineries arrange low-fusion-point crude oil storage tanks and ones containing high-fusionpoint crude oil at two diverse locations. Refinery needs different pipeline to transport different fusion point oil, so, to transport diverse fusion point oil it needs two pipelines. Because of the constraints resulted from transporting high-fusion-point oil, to schedule such a system is very har...