to understand: What are hydrocarbons? What are their properties? What are the main products derived from crude oil and their uses Exploration milestone-an overview. INTRODUCTION: By definition petroleum is a generic name for hydrocarbons‚ including crude oil‚ natural gas liquids‚ natural gas and their products. Petroleum comes from the Latin petra meaning rock or stone & oleum meaning oil. Petroleum occurs in the earth in combination of any of the four states: gas‚ liquid‚ semisolid‚ and solid. Chemically
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Addicted To Oil The United States uses nearly a quarter of the world’s oil. This would not be a problem if the U.S. had a large oil reserve but it only has 3% of the world’s reserves for 4% of the population (Pickens). This huge dependence on oil is costing us economically and also threatens our dreams. The United States needs to become more energy independent by using sources other than oil. Many alternative sources are available but renewable sources provide the brightest future. The
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Food and Festivals Food and festivals are unique aspects of a country. There is a proverb in China‚ which means “Food is what matters to the people”. Also‚ festival is a symbol of culture for China. It can be said that food culture and festivals play vital roles in the life of people in China. Coufucius says that ”the path to your friend’s heart and soul begins from your cooking”. In China‚ food is the first necessity of the people. “China is behind in everyway with the only exception of culinary
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Coming from an Asian immigrant family and being one myself‚ I always knew that it couldn’t have been easy for my parents to leave everything behind and start a new life in the states. In 2002‚ my family of seven moved from Vietnam to California. I was only four years old‚ and have no recollection whatsoever on the process of immigrating. My mother was my choice of interviewee for this assignment‚ and after conducting the interview‚ I learned more about my family’s history than I had before. To
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SFAS No. 69 Include the following in the 10K Historical Cost – based: Proved Reserves Capitalized Costs Acquisition‚ exploration and development costs Production information Future Value – based: Discounted future net cash flows relating to proved reserves Any changes in the standard measure of the future net cash flows Include for SEC Industry Guide 2 Production Average sales price The average production cost Productive Wells and acreage Total gross and net productive wells Total
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OIL AND GAS ACCOUNTING: CRITICAL EXAMINATION OF THE APPLICATION OF THEORY TO PRACTICE IN NIGERIA 1.0 INTRODUCTION: The natural resources of a nation‚ particularly the minerals‚ often constitute the lion’s share of the nation’s wealth. This is particularly true of the OPEC nations including Nigeria. Prior to the development of accounting standards issued by the Nigerian Accounting Standards Board (NASB)‚ the financial statements published by the oil and gas industry in Nigeria did not disclose adequate
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United States Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis The Economic Impacts of GOM Oil and Natural Gas Development on the U.S. Economy Prepared by: Quest Offshore Resources‚ Inc. Prepared for: 1600 Highway 6‚ Suite 300 American Petroleum Institute (API) Sugar Land‚ TX 77478 National Ocean Industries Association (NOIA) June 2011 Key Findings This report has documented the decline in generate tax revenues at all levels of capital operational
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Future Life 1 Future Life My Life in the Future by Ornnicha Apibantanakij US Culture Professor Russell Clark 1 August 2014 Future Life 2 Future Life My Life in the Future Time flies. It seems to me that only yesterday when I graduated my university. Life has been changing so rapidly since the time I was born‚ that it is probably impossible to give an accurate picture of the next century. However‚ it is interesting for me to try and
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EDIBLE OIL SECTOR. According to the Humburg –based world Trade Journal global production of oils & fats stood at 160 million tons in 2009. There are two sources of fats and oils; those extracted from vegetables such as coconuts‚ cotton seeds‚ cashewnuts‚ groundnuts‚ sunflower seeds‚ simsime‚ soya beans‚ maize germ and palm fruits and those extracted from milk animal meat. In Kenya the preference source of oils and fats and oils is extracted from vegetable oils with domestic production at 380
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The term Asian American was used informally by activists in the 1960s who sought an alternative to the term Oriental‚ arguing that the latter was derogatory. Today‚ Asian American is the accepted term for most formal purposes‚ such as government and academic research‚ although it is often shortened to Asian in common usage. Asia has a variety of festivals and celebrations. In China‚ Chinese New Year‚ Dragon Boat Festival‚ and Mid-Autumn Moon Festival are traditional holidays‚ while National Day
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