1. Oil is a commodity good which has no product differentiation. Thus the price is quite the same around the world. The supply of oil is abundant but many major oil-rich countries set up the group‚ OPEC‚ and act as monopoly. OPEC can set output and then play a vital role in world oil price. World demand of oil is increasing especially in non-oecd countries although there are alternative resources. Thus‚ as long as there is demand‚ the price will continue to go up. 2. The bases of competitive advantages
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Personal study Oil and Gas India An Overview Sahil Jain 11/17/2012 Introduction India imports roughly 75 percent of its total oil consumption and the remaining 25 percent is primarily produced by National Oil Companies (NOCs). Concerned by the alarming increase in our oil import bill‚ the government has taken several steps to reduce our dependency on imported oil. But even after more than a decade of introduction of policies like the New Exploration Licensing Policy (NELP‚ 1997-98) and
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NPAs - The Economic Times You are here: ET Home › New s › New s By Industry › Energy › Oil & Gas Fall in KG output may turn 40k crore investment into NPAs By Rajeev Deshpande‚ TNN | 27 Jul‚ 2013‚ 06.44AM IST Post a Com m ent NEW DELHI: Rs 40‚000 crore of investments in power plants with an installed capacity of 4‚904 MW are at risk of turning into non-performing assets due to non-availability of domestic natural gas‚ primarily due to low production at the Reliance-run KG offshore fields
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Oil and Gas Industry in India Base your report on the “Diamond Model” framework of Porter‚ and the analysis of international business risks as presented in the textbook. * Factor conditions are human resources‚ physical resources‚ knowledge resources‚ capital resources and infrastructure.[2]Specialized resources are often specific for an industry and important for its competitiveness.[2] Specific resources can be created to compensate for factor disadvantages. * Demand conditions in
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Oil and gas conservation means their better and more efficient use with regard to economic‚ social or environment costs and benefits resulting minimization of wastage and protection of environment. A very high priority is attached by the government to conservation of petroleum products in view of the need to reduce increasing gap between demand for and supply of oil and petroleum products. Government has initiated various steps to promote conservation of petroleum products in the different sectors
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Midstream Gas Processing Frac Spread What is it? Why is it important? The Midstream Value Chain Gathering / Processing NGLs Fractionation Transportation Storage Marketing Chemicals‚ fuels‚ blend stocks Residue Gas Transportation Storage Marketing Utilities‚ industrial Most Raw gas produced at the wellhead is not pipeline quality Must be processed Ethane Propane Normal Butane IsoButane Natural Gasoline How midstream companies make money Gathering – fee/ commodity based Processing
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The uses for fuel include everyday uses in our homes‚ running vehicles‚ and the use in manufacturing plants and other businesses that run on fuel. BMI oil and gas forecasts have been extended to cover a 10-year period‚ providing a guide to likely supply and demand trends from 2008 to 2018 (Oil & Gas Outlook: Long-Term Forcasts‚ 2009). Gas demands have been rising because environmental concerns have caused fuel to be the choice for power in many parts of the world. It is suggested that the fuel
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ABSTRACT Firms that operate in the oil and gas industry experience a number of risks in the supply chain of oil and gas and petrochemical as by products. These risks are inherently inculcated into the supply chain of oil and gas and related products ranging from the exploration‚ production‚ and marketing of oil‚ gas and related products. Quantitative and qualitative research will be conducted into the effects of these risks has revealed a strong relationship between the concepts of risk management
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Financial Instability Caused By Oil Usage The United States is run by oil. Energy‚ transportation‚ and even the economy are based and dependent on the various aspects of oil. Without oil the world would have to learn to change their whole formed idea of living juristically. “Ninety-five percent of the country’s transportation is powered by oil” (Anderson‚ Glen). The importance of oil causes the United States to be highly dependent on oil; this forces the U.S. into severe financial instability.
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ANALYSIS OF UK OIL AND GAS SECTOR 1.0 INTRODUCTION 1.1 UK OIL SECTOR OVERVIEW The oil and gas industry is a large Industry and contributes a critical role in driving the global economy (Sam’s et. al.‚ 2006).The upstream section of the Industry is involved with the first stage of exploration and production‚ the midstream section involves the transportation of crude through pipelines‚ ships e.t.c to the refineries. The downstream is involved with refining and process of the oil and gas products. The
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