Natural resources have the transformational potential to support economic and political stability as well as contribute to national prosperity and economic development. However, in countries dependent upon natural resource sectors, poor management of these sectors often contributes to corruption, illicit financial flows (IFFs) and thus, poverty. Adequate transparency and accountability in regulatory management of these sectors is a challenge for resource rich countries. Poor licensing decisions in natural resource management can open a pandora’s box of corruption risks. This manual provides methods and options based on good practices to improve transparency, accountability, and integrity in the regulatory licensing process and integrity due diligence. The manual borrows models from the Basel Core Principle ‘fit and proper’ concept, and provides options for conducting effective (a) beneficial ownership; (b) criminal/legal; and (c) conflicts of interest checks, with a goal of integrating these into the regulatory licensing process. The manual also identifies common legal framework defects that can facilitate corruption risks, and offers options based on principles of regulatory integrity to reduce these risks. The good practices identified can help countries allocate limited financial resources in conducting thorough background checks in a cost-effective manner, as well as meet EITI’s requirements for public disclosure of beneficial owners and politically exposed persons. These strategies for reducing opportunities for corruption in extractive sectors can help reduce IFFs that can sap resources from the economy and inhibit a country’s ability to achieve the Sustainable Development Goals.

Engineers seek solutions to problems, and the economic viability of each potential solution is normally considered along with the technical merits. This is typically true for the petroleum sector, which includes the global processes of exploration, production, refining, and transportation. Decisions on an investment in any oil or gas field development are made on the basis of its value, which is judged by a combination of a number of economic indicators. Economic Analysis of Oil and Gas Engineering Operations focuses on economic treatment of petroleum engineering operations and serves as a helpful resource for making practical and profitable decisions in oil and gas field development. Reflects major changes over the past decade or so in the oil and gas industry Provides thorough coverage of the use of economic analysis techniques in decision-making in petroleum-related projects Features real-world cases and applications of economic analysis of various engineering problems encountered in petroleum operations Includes principles applicable to other engineering disciplines This work will be of value to practicing engineers and industry professionals, managers, and executives working in the petroleum industry who have the responsibility of planning and decision-making, as well as advanced students in petroleum and chemical engineering studying engineering economics, petroleum economics and policy, project evaluation, and plant design.

Sustainable Oil and Gas Development Series: Drilling Engineering delivers research materials and emerging technologies that conform sustainability drilling criteria. Starting with ideal zero-waste solutions in drilling and long-term advantages, the reference discusses the sustainability approach through the use of non-linear solutions and works its way through the most conventional practices and procedures used today. Step-by-step formulations and examples are provided to demonstrate how to look at conventional practices versus sustainable approaches with eventually diverging towards a more sustainable alternative. Emerging technologies are covered and detailed sustainability analysis is included. Economic considerations, analysis, and long-term consequences, focusing on risk management round out the with conclusions and a extensive glossary. Sustainable Oil and Gas Development Series: Drilling Engineering gives today's petroleum and drilling engineers a guide how to analyze and evaluate their operations in a more environmentally-driven way. - Proposes sustainable technical criteria and strategies for today's most common drilling practices such as horizontal drilling, managed pressure drilling, and unconventional shale activity - Discusses economic benefits and development challenges to invest in environmentally-friendly operations - Highlights the most recent research, analysis, and challenges that remain including global optimization

Standard work in demand.