Barrel of oil equivalent

Transportation, Energy, And The Environment

Published in Dušan Teodorović, The Routledge Handbook of Transportation, 2015

The transportation sector in the US is the dominant consumer of energy since 1985 other than “energy input at electric utilities.” Energy consumption is measured in British thermal units (Btu), which refers to the amount of energy required to raise the temperature of 1 pound of water by 1 degree Fahrenheit. The barrel of oil equivalent (BOE) is another energy unit that measures the energy released when one barrel (approximately 42 US gallons of diesel or gasoline) is burnt.

Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)

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Journal Information

Published in Cogent Engineering, 2019

Idowu J. Adekunle, Iledare O. Omowumi, Echendu C. Joseph, Achi O. Peter

The variables used for non-parametric analysis in stage one of this study are as shown in Table 2. The inputs and outputs data used were obtained from the Nigerian Department of Petroleum Resources (DPR), Nigerian Bureaus of Statistics, Nigerian National Petroleum Corporation (NNPC) and Ministry of Petroleum Resources. However, to avoid the challenges of imbalances in the data magnitude, we mean normalized the data collected as recommended by Sarkis (2007). Also, looking at the fact that oil and gas reserves are keenly related, we used barrels of oil equivalent (BOE) as the unit of measurement for oil and gas proved reserves.

Barrel of oil equivalent

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Transportation, Energy, And The Environment

Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)