large entity of the petroleum industry analyzed were: • Government and environmental regulations • Decline in US production • Increase in global demand • Competitive forces of the industry The oil and gas industry is an oligopoly with regards to OPEC and there are few countries who dominate global oil production. By definition‚ an American firm with desire to enter the industry‚ must first evaluate the
Premium Petroleum
|Oil & Gas Industry:Past‚ Present and Future Sudha Singh At Independence‚ India ’s domestic oil production was just 250‚000 tones per annum. The entire production was from one state-Assam. Most foreign experts had written off India as far as discovery of new petroleum reserves was concerned. The Government announced‚ under Industrial Policy Resolution‚ 1954‚ that petroleum would be the core sector industry. Preamble Petroleum exploration
Premium Petroleum Peak oil
1 – Global Resources The distribution of natural resources like oil and gas are unevenly distributed across the world (Stutz‚ 2007). This essay will explain where the majority of oil and gas is located. Thereafter‚ the focus will be on the benefits and drawbacks of countries that are dependent on oil/gas. Finally‚ a conclusion will be given which sums up the most important factors. Allocation Oil/Gas The majority of the oil reserves are located in the Middle East. An estimate of 65% of the
Premium Petroleum Saudi Arabia Kuwait
publicly traded oil and gas producing company. ExxonMobil does business in 200 countries world-wide (1). Some countries are designated for exploring gas and petroleum‚ and some are designated for manufacturing chemicals‚ lubricants‚ and market fuels (1). ExxonMobil ’s world-class petroleum portfolio gives access to proven reserves of 21.9 billion oil-equivalent barrels of oil and gas‚ which is the highest in the industry (1). The company ’s discovered resources consist of 72 billion oil equivalent
Premium Petroleum
OIL & GAS SECTOR RATIO ANALYSIS CONTENTS PARTICULARS PAGE No. 1. Introduction 3 2. Objective 5 3. Ratio Analysis 6 4. Appendix 8 INTRODUCTION The Oil & Gas industry is the totality of all of the industries involved in the production and sale of fuel‚ including fuel extraction‚ manufacturing‚ refining and distribution. Modern society consumes large amounts of fuel‚ and the energy industry is a crucial part of the infrastructure and
Premium Financial ratio Financial ratios
Rivalry being present in any industry is obvious. Some industries have more than others and for different reasons. With over 12‚000 different companies in the Oil and Gas Field Services industry competition is high and is projected to only continue to increase. This is due to the demand of oil and gas in the United States and the world. It is also because international firms are beginning to come in the United States to compete with US firms for business. In comparison‚ US firms operating internationally
Premium Strategic management Marketing
The Meaning of Conservation Proper use of resources and strict compliance with the rules on conservation are the keys to protecting and conserving our limited resources. Conservation is the act of using and protecting resources properly. Catching animals‚ throwing garbage‚ and using and harnessing the different resources should all adhere to the proper way of conservation. Importance to Living Things. Conservation is very important to all living things. The environment where
Premium Sustainability Natural resource Ecology
Coal State‚ aka Kentucky‚ a new way of getting oil has come. Fracking has become more and more popular in the US and in the world. Fracking consists of drilling‚ and cracking into the ground vertically and horizontally. This new method uses water pressure and thousands of chemicals to pump the oil to the surface of the land. As a resident in Kentucky‚ I leave around some empty land out in the country side. Recently‚ I heard about KGA (Kentucky Gas Association) has bought the land around my property
Premium Hydrochloric acid Pollution Chlorine
Case studies in the Oil and Gas industry Piper Alpha Piper Alpha was a North Sea oil production platform operated by Occidental Petroleum (Caledonia) Ltd. The platform began production in 1976‚ first as an oil platform and then later converted to gas production. An explosion and resulting fire destroyed it on July 6‚ 1988‚ killing 167 men‚ with only 59 survivors. The death toll includes 2 crewmen of a rescue vessel. Total insured loss was about £1.7 billion (US$ 3.4 billion). At the time of
Premium Oil platform Petroleum Drilling rig
III. Chapter III – Int’l Convergence of Financial Reporting A. Harmonization of standards (de jure) vs. practice (de facto) B. Arguments FOR harmonization - Comparability is necessary for globalization of capital markets 1. External users a. Easier to evaluate foreign securities for investment or takeover b. Reduce costs of listing on foreign exchanges c. Increases foreign investor confidence 2. Internal users d
Premium International Financial Reporting Standards Balance sheet