THE REFINERY ‚WITHDRAWAL OF OIL SUBSIDIES AND APPROPRIATE PRICING IN A LIBERALISED ECONOMY. . INTRODUCTION. Nigeria is blessed with vast quantity of oil making it the 6th largest oil exporter in the organization of petroleum exporting country. Oil is a major source of energy in Nigeria and the world in general. Oil being the mainstay of the Nigerian economy plays a vital role in shaping the economic and political destiny of the country. Although Nigeria’s oil industry was founded at the
Premium Petroleum
easement of surface use by the mineral interest owner. Surface interest has rights to many substances (ground water) and to many uses (geologic formations for storage of natural gas) Mineral interest – fee simple ownership of OG under tract; separate estate Exclusive right to search for‚ develop‚ and produce oil and gas from the property. Implied easement to use the surface in such ways and to such an extent as is reasonably necessary to obtain the minerals under the property Mineral interest
Premium Property law Royalties Natural gas
Oil and Gas Law Outline Fall 2000 Class One INTRODUCTION Petroleum: generic name for certain combustible hydrocarbon compounds found in the earth A commercial oil deposit requires the presence of a porous‚ permeable rock formation containing oil of a marketable A.P.I. gravity and of producible viscosity. Three fundamental properties of petroleum (for oil and gas production): 1. state (gaseous‚ liquid or solid) 2. specific gravity
Premium Petroleum Oil well Natural gas
The oil and gas industry is one of the world’s largest‚ complex‚ and expensive industry. The prices of oil and gas are probably the most closely plotted products in the global economy. In this industry there are three main segment of value chain: upstream‚ midstream‚ and downstream. It is evident that energy source play vital input to human activities‚ development‚ and growth of the economy. Hence‚ it is believed that after the industrial revolution‚ accessed clean‚ inexpensive and reliable energy
Premium Petroleum Peak oil Supply and demand
Statement of Purpose - MBA Studying for an MBA requires a certain determination and strength of character. In recent years‚ the business world has become rapidly integrated across once restricting borders‚ and anyone with high goals in the business world must have an international perspective and be aware of the realities of different international arenas. I graduated with a Bachelor’s degree in Commerce from Delhi University‚ (New Delhi) ‚ India in 2nd division. I attribute my excellent grades
Premium Management Business Marketing
The global oil and gas industry also involves the exploration and production of commodity and energy trading‚ pipeline monitoring and renewable energy. Petroleum is proved to be one of the most valuable commodities in the world today and a vital factor in the sustenance of industrial civilization. Crude oil production accounts for a significant amount of the world’s oil consumption‚ approximately 53% in the Middle East‚ 32% in Europe and Asia‚ 44% in South and Central America‚ 41% in Africa and
Premium Petroleum
Statement of Purpose My father was always an inspiration right from my childhood with his strong work ethic‚ never-give-up attitude‚ and strong self-belief. He was a risk-taker‚ and had no financial support when he ventured into the Edible Oil Manufacturing and Trading Business. This had left an ever-lasting impression on me and it has now become my ambition to be a great entrepreneur like my father. To fulfill my ambition‚ I am keen to pursue a Master’s degree in business management. My other
Premium Management Business school Business
Page 1: Introduction OPITO is the focal point for skills‚ learning and workforce development in the oil & gas industry. It aims to deliver the right skills for the industry now and in the future. OPITO was established to meet industry demand for a competent and competitive workforce. To achieve this it works with industry employers‚ training providers and higher education providers. Careers for life are now relatively rare in the UK. Individuals now have more varied career options‚ career progression
Premium Employment Role Gender role
OIL AND GAS EXPLORATION: INTERROGATING THE OIL COMPANY’S ADHERENCE TO ARTICLE 40 ON COMMUNITY COMPENSATION Indigenous communities across the globe have been victims of unwarranted exploitation by private investors in the search for among others oil and gas. Whenever governments and oil companies intend to enrich themselves from the oil revenue‚ history has indicated that voiceless citizens are subjected to inhuman treatment and torture‚ deprivation of their indigenous community rights‚ disruption
Premium Petroleum
What happens when oil does peak? by Joel Bainerman Peak oil is often referred to as "Hubberts Peak"‚ a geophysicist who observed that oil well production followed a bell curve. According to the mainstream‚ convention view‚ peak oil is set to occur around 2006-2008. When peak oil occurs‚ production will decline approximately 3% per year at a time where global demand is increasing at 3% per year. What will all this mean for you and me- the average folk? Which industries will suffer the most- and
Premium Peak oil Petroleum