The Natural Gas Case Introduction * This case is about the negotiation of buying a gas between two parties involved – the plaintiff a German company and the defendant an Austrian partnership. On the 18th of December 1990 the plaintiff faxed the defendant with an offer to buy 700-800 metric tons. Meanwhile Austria responded that the ship will be from US for delivery to Belgium and the price is $376 per tone. Additionally a letter of credit was required‚ since both of the parties haven’t seen
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Bangladesh has always been considered a natural gas rich country. It is largely available in the eastern part of the country extending from greater Sylhet down to greater Comilla‚ Noakhali and Chittagong. It has also been discovered offshore in the Bay of Bengal. Natural gas plays an important role in the country ’s economy. It is an environment friendly fuel‚ which undergoes clean and odorless combustion. It is widely used as fuel for domestic (cooking and heating)‚ industrial (metallurgical‚ ceramic
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Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Timeline Enron began as Northern Natural Gas Company‚ organized in Omaha‚ Nebraska‚ in 1930. The company’s
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Håvard Devold Oil and gas production handbook An introduction to oil and gas production ISBN 978-82-997886-1-8 PREFACE This handbook has been compiled for readers with an interest in the oil and gas production industry. It is an overview of the main processes and equipment. When we searched for a suitable introduction to be used for new engineers‚ I discovered that much of the equipment is described in standards‚ equipment manuals and project documentation. But little material was
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CHAPTER 1: NATURAL GAS IN INDIA * Importance of natural gas Natural Gas is a new age fuel. Natural Gas is the cleanest of fossil fuels. Natural Gas satisfies most of the requirements for fuel in a modern day industrial society‚ being efficient‚ non-polluting and relatively economical. Natural Gas requires a strong distribution network to not only support existing demand‚ but also fuel future demand. A big challenge lies in bridging the physical gap between demand and supply centers in an efficient
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Greenhouse gas emission What is greenhouse gas? A greenhouse gas is a gas in an atmosphere that absorbs and emits radiation within the thermal infrared range. Many greenhouse gases occur naturally‚ such as water vapor‚ carbon dioxide‚ methane‚ nitrous oxide‚ and ozone. Others such ashydrofluorocarbons (HFCs)‚perfluorocarbons (PFCs)‚ andsulfur hexafluoride (SF6) result only from human industrial processes. Greenhouse gases act like a blanket around Earth‚ trapping energy in the atmosphere and causing
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Topic: IFRS and US GAAP in the Oil and Natural Gas Industry Summer 2013 July 17‚ 2013 Introduction Many countries in the world speaks many different languages when it comes to financial reporting. When one compare the accounting standards years ago to what is seen today‚ it’s shown that investors tolerated a great deal. As the markets are becoming global‚ investors are choosing the better global accounting standards that are available to them. For this reason‚ this paper will point out the International
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WHAT IS COAL SEAM GAS (CSG)? CSG is a naturally occurring methane gas which is known as Coal Bed Methane (CBM). It is a-by product of ancient plant matter that has formed over millions of years by the same natural processes which produce coal. Not long ago this gas was identified as a major problem in the underground coal mining industry due to it’s high flammability despite this‚ it is now recognised as a very profitable resource. The coal seams are generally filled with water and it is the
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The Bhopal disaster‚ also referred to as the Bhopal gas tragedy‚ was a gas leak incident in India‚ considered the world’s worst industrial disaster.[1] It occurred on the night of 2–3 December 1984 at the Union Carbide India Limited (UCIL) pesticide plant in Bhopal‚ Madhya Pradesh. Over 500‚000 people were exposed tomethyl isocyanate gas and other chemicals. The toxic substance made its way in and around the shantytowns located near the plant.[2] Estimates vary on the death toll. The official immediate
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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
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