This paper replicates the analysis in the paper 'What Drives Natural Gas Prices?" by Stephen P.A. Brown and Mine K. Yücel. The replication confirms the results of that analysis: a long-run relationship existed between natural-gas prices and crude-oil prices during the period from June 1997 to...

Over the years Bulgaria has remained strongly dependent on its import of oil products mainly due to the lack of oil resources on its territory. This import dependence poses a significant risk for the country’s energy security. In this research we analyse Bulgaria’s energy security in terms...

This paper examines how oil and gas companies' reserves growth affects their share price returns. In particular we examine three issues affecting the relation between reserves changes and oil and gas firm returns. First, we examine if investors value reserves replacement as a result of...

In the article, I focus on the goal of creating a single competitive European natural gas market. After a brief discourse on the debate between theoretical and practical economists on the best mode to liberalise the energy sector, I lay out the vision of the European Union for gas market...

We present an ex-post analysis of the effects of GDF's acquisition of Suez in 2006 created one of the world's largest energy companies. We perform an econometric analysis, based on Difference-in-Difference techniques on the market for trading on the Zeebrugge gas hub in Belgium. Removing...

We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian Continental Shelf (NCS). A unique and detailed dataset containing data from 109 different fields on the NCS between 1970 and 2015 was employed. A set of 1080 autoregressive distributed...

Oil and gas company returns are compared between upstream, midstream, and down-stream sectors from 2000 through 2020. Crude oil, natural gas, and distillate returns reflect project risk, infrastructure, and conditions within the industry. Equity, commodity, and distillate markets positively...

Underground gas storage (henceforth; UGS) is considered as a common method which resolves the seasonality problem of transportation and distribution of gas phase in the oil and gas industries. The main objective of this study is to simulate one of Iranian's depleted gas condensate reservoir and...

The ubiquitous consumption of hydrocarbon fuels in a vast majority of industrial purposes has been dramatically increased in the coming decades. Therefore, the reason why numerous studies experimental investigations are being done is to enhance the oil recovery factor. Low salinity water...

This research quantifies the impact that regular road traffic congestion has on the CO2 emissions of a real-world distribution network, and it studies the consequences when the number of distribution centers changes. For this purpose, this study makes use of a network model allowing for a...