Status, trends and enlightenment of global oil and gas development in 2021

By analyzing the distribution of global oil and gas fields and the reasons why some oil and gas fields are not in production, the distribution characteristics of oil and gas remaining recoverable reserves and their year-on-year changes, the distribution characteristics of oil and gas production and their year-on-year changes, and the development potential of oil and gas to be tapped in 2021, this paper sorts out systematically the current status and characteristics of global oil and gas development, summaries the major trends of global oil and gas development, puts forward enlightenment for international oil and gas cooperation. In 2021, oil and gas fields were widely distributed, the number of non-producing oil and gas fields was large;the whole oil and gas remaining recoverable reserves declined slightly, unconventional oil and gas remaining recoverable reserves dropped significantly;the overall oil and gas production continuously increased, the outputs of key resource-host countries kept year-on-year growth;undeveloped oilfields had abundant reserves and great development potential. Combined with global oil and gas geopolitics, oil and gas industry development trends, oil and gas investment intensity, and the tracking and judgment of hotspot fields, the major trends of global oil and gas development in 2021 are summarized. On this basis, the four aspects of enlightenment and suggestions for international oil and gas cooperation and development strategies are put forward: attach great importance to the obligation of marine abandonment to ensure high-quality and long-term benefit development of offshore oil and gas;adhere to the principle of not going to dangerous and chaotic places, strengthen the concentration of oil and gas assets, and establish multi stable supply bases;based on the multi-scenario demand of natural gas, realize the transformation from integrated collaboration to full oil and gas industry chain development;increase the acquisition of high-quality large-scale assets, and pay attention to the continuous optimization of the shareholding ratio of projects at different stages.

Analysis of Supply Chain Sustainability Drivers in the Oil and Gas Industry under Covid-19 Pandemic

The supply chain of many industries,including Oil and Gas,was significantly affected by the disruption caused by the Covid pandemic.This,in turn,had a knock-on effect on other industries around the globe.Sustaining the impact of the disruption posed a major challenge for the industry.This study contributes to the existing literature by identifying and analyzing the most significant drivers that affected the sustainability of the Oil and Gas supply chain during the Covid pandemic.Fifteen drivers were identified based on an extensive literature review and a survey conducted with experts working in the Oil and Gas industry.Multi-criteria decision-making methodologies were used to analyze these drivers.The analysis from the fuzzy analytical hierarchy process found that the most important drivers for the sustainability of the Oil and gas supply chain during the pandemic were"Risk management capacity","Government regulation"and"Health and safety of employees".On the other hand,the driver"Community Pressure"was found to be of the least importance.Furthermore,the study integrated the results of the fuzzy analytical hierarchy process with the fuzzy technique for order of preference by similarity to ideal solution to calculate the supply chain sustainability index.A case example was demonstrated to rank the industries based on such calculations.This study can support the governmental institutions in benchmarking the Oil and Gas industry based on its sustainability index.Additionally,the outcomes of the study will help industrial decision makers prioritize the drivers the company should focus and devise strategies based on the priority to improve the sustainability of their supply chain during severe disruption.This will be crucial as the World health organization has cautioned that the world may encounter another pandemic in the near future.

Petroleum Distribution Characteristics of the Americas and the Exploration Prospect Analysis

The world＇s present demand for oil and gas is still in a rapid growth period, and traditional oil and gas resources account for more than 60% of the global oil and gas supply. The Americas is the world＇s second largest production and consumption center of liquid fuel, and is also the world＇s largest natural gas producer. In 2016, the Americas had 85.3 billion tons of proven oil reserves and 18.7 trillion m3 of proven natural gas reserves, which account for 35.4% and 10.0% of world＇s total reserves, respectively. It produced 1267.1 Mt of oil and 1125.4 billion m3 of natural gas, which account for 28.9% and 31.7% of the world＇s total production, respectively. The crude oil and natural gas reserves are mainly distributed in the U.S., Canada and Venezuela. The U.S. is the earliest and most successful country in shale gas exploration and development, and its shale gas is concentrated in the southern, central and eastern U.S., including the Marcellcus shale, Barnett shale, EagleFord shale, Bakken shale, Fayettevis shale, Haynsvill shale, Woodford shale and Monterey/Santos shale. The potential oil and gas resources in the Americas are mainly concentrated in the anticline and stratigraphic traps in the Middle- Upper Jurassic slope deposition of the North Slope Basin, the Paleozoic Madsion group dolomite and limestone in the Williston Basin, dominant stratigraphic traps and few structural traps in the Western Canada Sedimentary Basin, the Eocene structural-stratigraphic hydrocarbon combination, structural- unconformity traps and structural hydrocarbon combination, and the Upper Miocene stratigraphic- structural hydrocarbon combination in the Maracaibo Basin of Venezuela, the stratigraphic-structural traps and fault horst, tilting faulted blocks and anticlines related to subsalt structure and basement activity in the Campos Basin, the subsalt central low-uplift belt and supra-salt central low-uplift belt in the Santos Basin of Brazil, and the structural-stratigraphic traps in the Neuquen Basin of Argentina. In addition, the breakthrough of seismic subsalt imaging technology makes the subsalt deepwater sea area of eastern Barzil an important oil and gas potential area.