World Energy Source®
                                                    
World Energy Magazine Vol.9 No.2

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  The Purpose of Business

Lord Browne of Madingley
Group Chief Executive
BP p.l.c.

Two views about the role of business – to make money and to perform philanthropic deeds – are overly simplified, according to the author. The true goal, he says, is to combine these two ideas in a way that is organic to the business: to supply goods and services at an affordable price and in a way that makes the activity sustainable.
PDF Price: 6.50
  Natural Gas: A Key to Global Energy Security

David J. O'Reilly
Chairman and CEO
Chevron Corporation

While global energy demand is expected to increase by 50 percent over the next 20 years, demand for natural gas is projected to increase nearly 70 percent. In addition to sufficient energy for the long term, a critical near-term issue the world faces is energy security. The author describes how natural gas can play a vital role in achieving energy security.
PDF Price: 6.50
  Meeting the Need for Affordable and Reliable Electricity

Samuel Wright Bodman
U.S. Secretary of Energy

The author affirms the Bush administration’s commitment to improve the nation’s energy security by expanding the use of alternative energy sources and improving the systems already in place.
PDF Price: 6.50
  Tackling Two Challenges: Climate Change and Secure Supply in the United Kingdom

Malcolm Wicks, MP
Minister of Energy
U.K. Department of Trade and Industry

Helping citizens reduce their demand, promoting coal production and forging strong political relationships with energy-producing nations are just three items on the author’s agenda for helping the United Kingdom realize a productive and environmentally responsible future.
PDF Price: 6.50
  Meeting Energy Demand with Off-site Modularization

John Redmon
Operations Manager and Executive Vice President
CB&I

With production demand on the rise, operators need an efficient way to upgrade their refineries to meet the need for additional capacity. The author suggests a solution in modules that are constructed off-site and shipped to production fields for fast assembly, and he reviews the pros and cons of this option.
PDF Price: 6.50
  Trading Places: Who's Dealing Now

Tanya Bodell
Leader, Trading and Institutional Structures
CRA International, Inc.

Energy trading has always been a volatile business, but in today’s highly competitive market a new model of systematic trading is gaining ground. The author details the current trading environment, noting the influence of investment banks, regulators and more.
PDF Price: 6.50
  A Response to Crisis

Alex Mills
President and Chief of Staff
Texas Alliance of Energy Producers

The energy industry faces considerable challenges, such as increasing personnel, improving the energy industry’s image, locating the funds for growth and presenting a strong voice to the government in support of the industry. The author describes how the Texas Alliance of Energy Producers, formed in 2000 from the merger of two regional Texas associations, proposes to meet these challenges.
PDF Price: 6.50
  Canadian Oil Sands: Challenges and Possibilities

Gregg Lindstrom
General Manager of Canadian Operations and Vice President
Welltec Canada Inc.

The sheer size of the Canadian oil sands, along with new technology to facilitate extraction and production, has prompted interest in the resource to rise to an unprecedented level. The author offers a history of oil sands development and describes advances in the primary means of production, including thermal enhanced oil recovery and steam-assisted gravity drainage.
PDF Price: 6.50
  Meeting a Volatile Demand: Speed and Flexibility at No Cost?

Jim Alderfer
Principal

and Lee Laviolette
Energy and Chemicals Practice Lead
PRTM Management Consultants

In the energy business, the successful manufacturers know how to meet swiftly changing demand without sacrificing flexibility or making large investments. The authors describe the "lean" techniques used by these top performers, including automating orders and tightly linking manufacturing to customer demand.
PDF Price: 6.50
  Nuclear Energy and the Future

Frank L. "Skip" Bowman
President and CEO
Nuclear Energy Institute

A long-term commitment to nuclear energy will make the United States more energy independent and energy efficient, according to the author, who urges Congress to implement a national policy for used-fuel management and resolve the roadblocks to establishing Yucca Mountain, Nevada, as a national used-fuel repository.
PDF Price: 6.50
  The Future Is Gas?

Jeroen van der Veer
Chief Executive
Royal Dutch Shell plc

Natural gas has been touted as a solution to the world’s energy supply crisis. But, the author explains, a growing dependency on gas will create another set of dilemmas.
PDF Price: 6.50
  Global Energy Security and Market Conditions: The Promise of the Asia-Pacific Region

Abdallah S. Jum'ah
President and CEO
Saudi Aramco

The growing economic clout of Asia has changed the dynamics of the international energy market. The author emphasizes the need to work cooperatively, and he outlines the steps his company has taken – including new initiatives downstream and expanding the capacity of the world’s largest natural gas network – to ensure a secure supply of energy into the future.
PDF Price: 6.50
  SOX, the Untapped Value Reserve: Using 404 Compliance Data to Improve Processes and Reduce Risk

Charles Swanson
Director, Global Oil & Gas Center

and Dan Robinson
Principal, Oil & Gas Center
Ernst & Young

Beyond maintaining compliance with the Sarbanes-Oxley Act, what advantages can come of staying aligned with the regulations? The authors point to the unexpected by-product of valuable data and documentation, which, handled correctly, can go a long way toward mitigating risk and enhancing productivity.
PDF Price: 6.50
  Following the Money … Well, Not This Time

Don G. Briggs
President
Louisiana Oil and Gas Association (LOGA)

The author outlines how his organization helped mitigate the image of Louisiana as a litigious state by partnering with his state’s business and industry association. Their mission: to enact legislation aimed at keeping rigs and operators productive.
PDF Price: 6.50
  Our View of Louisiana: A Partnership for Success

Robert L. Parker Jr.
Chairman, President and CEO
Parker Drilling Company

Already a key contributor to energy production, Louisiana will play an ever-increasing role as U.S. gas production from deep formations doubles over the next four years. The author describes the state’s potential and his company’s successes in mining the vast store of resources offshore Louisiana.
PDF Price: 6.50
  Louisiana: The Energy Coast in Progress

Scott A. Angelle
Secretary
Louisiana Department of Natural Resources

Before Hurricane Katrina, says the author, Louisiana was poised to make strides in economic and environmental development. Today, the focus is on restoring the Gulf Coast, along with new legislation that ensures that judicial awards for environmental damage caused by E&P operations truly go toward cleaning up the affected sites.
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  The Energy Charter Treaty and Russia's Role in Promoting Energy Security

Andre Mernier
Secretary General
Energy Charter Secretariat

The Energy Charter Treaty was drafted in the early 1990s to address such areas as investment, international transit and energy efficiency. Although the treaty has been signed by some 50 countries, the Energy Charter’s Transit Protocol, specifically addressing cross-border energy flows and the rights and responsibilities of Charter member countries, remains to be finalized. The author urges ratification this year.
PDF Price: 6.50
  From Russia with Oil (... or Without)

Eugene Khartukov, General Director
Center for Petroleum Business Studies

and Dr. Ellen Starostina
General Director, PetroStar Consultancy
Head, PetroFinance Consultancy

The authors investigate whether Russia has the potential to become the world’s next major exporter of oil, or whether its well-marketed supply of reserves will only allow the country to provide for the nations that surround it.
PDF Price: 6.50
  CAPEX VaR: Key to Improving Predictability

Richard Westney, PE, PMP
Founder and CEO
Westney Consulting Group

and D. Keith Dodson
Senior Partner
Risk Resolution LLC, a Westney Company

In the energy industry, capital expenditures represent a considerable portion of net income. Cost overruns can therefore have a significant effect on company earnings and share value. The authors explain how to combine a measure called value at risk, or VaR, which quantifies the volatility in an investment portfolio, with an analysis of a CAPEX portfolio to improve the predictability of capital projects.
PDF Price: 6.50
  The State of the U.S. Natural Gas Industry

Stephen E. Ewing
Chairman, American Gas Association
Vice Chairman, DTE Energy Corp.

Supplies of natural gas were plentiful in the United States until the new millennium, when demand began to outpace available supply. The author discusses the country’s growing reliance on natural gas, in particular liquefied natural gas, and the steps necessary to make a smooth transition to a more significantly LNG-based industry.
PDF Price: 6.50