Advanced Concepts 4 min read
Who is paying for the biofuels mandate?
The cost of complying with the US renewable fuels standard (RFS) has become a major cost item for US refiners…
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Advanced Concepts 3 min read
Refiners still strong in second quarter, outlook bright for rest of year
North American independent refiners posted strong financial results in the second quarter, building on gains notched in the earlier three-month…
Advanced Concepts 3 min read
Canadian crude not feeling the love from higher global prices
In early 2018, Canadian heavy crude grades were trading at over a $30/barrel discount to the global benchmark, Brent. July…
Advanced Concepts 7 min read
Geopolitics can lead to a hundred-dollar oil world, but can it sustain it?
October 23, 2018Oil prices have come a long way since early 2016, when Brent was collapsing to below USD30/bbl. Tighter…
Advanced Concepts 2 min read
Eight shifts that would result in a much more rapid global energy transition
We may be closer to a radical energy transition than expected, with some far-reaching developments already under way. December 11,…
Basics 5 min read
Basic Concepts In Reservoir Engineering
Be familiar with the meaning and use of all the usual terms which appear in reservoir engineering such as ,…
Basics 12 min read
Reservoir Simulation Learning Objectives
Introduction and Case Studies *Be able to describe what is meant by a simulation model, saying what analytical models…
Advanced Concepts 2 min read
Petroleum Economics – Uncertainty and Risk
Introduction *Explain the difference between uncertainty and risk, in the context of investment Uncertainty relates to a lack of knowledge…
Basics 7 min read
Numerical Methods in Reservoir Simulation Learning Objectives
*Write down from memory simple finite difference expressions for derivatives etc. Define the meaning of the forward difference, the backward…
Basics 8 min read
Gridding and Well Modelling Learning Objectives
*Understand and be able to describe the basic idea of gridding and of spatial and temporal discretization Gridding is the…
Basics 3 min read
Reservoir Simulation Model Setup Learning Objectives
*Identify what data is required as input to perform the desired calculations Most data files will be separated into the…
