Ofon Field‚ Oil and Gas Field‚ Nigeria Ofon Field is an oil and natural gas field located in the Oil Mining Lease (OML) 102‚ about 65km offshore in the south-eastern coast of Nigeria. The reserves lie at a water depth of 40m (131ft). The OML 102 is owned by state-owned Nigerian National Petroleum Corporation (NNPC - 60%) and is operated by Total Exploration-Production Nigeria (TEPNG - 40%)‚ formerly Elf Petroleum Nigeria. The proved and probable reserves at Ofon are about 350 million barrels
Premium Natural gas Greenhouse gas
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
Page 2 Europe Page 4 Conclusion Page 5 References Page 6 Summary Natural gas markets are different unlike oil‚ they are categorized under regions. This is due the fact that natural gas sources are found far away from the consumers and the cost of transportation of natural gas is high over long distances. However‚ the cost of domestic consumption is also high due to high capital required for investment. Natural gas has three main markets which are located in Europe‚ North America and Asia;
Premium Natural gas Liquefied natural gas
have voiced their opinions of the United States’ high usage of oil. These legitimate concerns have raised questions surrounding what steps should be taken in an effort to minimize the country’s dependency on other countries for this resource. Scientists continue to work on more reliable solutions in relation to this dilemma. Past research has shown that hydrogen fuel cells can quite possibly replace the country’s current usage of oil while having a more positive effect on the environment. However
Premium Hydrogen vehicle Fuel cell Internal combustion engine
Essay Question 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
Premium Petroleum Saudi Arabia Kuwait
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
Premium Risk management Petroleum
Eco Pen: Recycled Ballpoint pen Ink from Motor Oil Proponents: ACLAN JR‚ VIRGILIO P. ALDAMA‚ ALLIAH A. DE CHAVEZ‚ MYLENE JENVER E. MANGERON‚ AIRELL M. MASONGSONG‚ JOHN MICHAEL L. Colegio de San Juan de Letran - Calamba RESEARCH PROJECT PROPOSAL 2 Significance: Can you imagine how many historical documents were written with ink? What if ink were not invented? Probably we don’t have this idea or maybe this paper. Inks and oils are very useful in our daily lives. But the more
Premium Pen Tea
SINKHOLES Methane Gas Hydrates Scientists at Cardiff University have discovered the presence of large concentrations of methane gas trapped in the ocean floor. This gas is due to dying and decomposing sea organisms‚ or serpentinization. The sediment contains bacteria that produce methane‚ which accumulates as super concentrated methane ice‚ called gas hydrates. The layer of ice traps the methane gas‚ and scientists are studying it as a potential energy source. What is methane? Methane
Premium Natural gas Methane Ocean
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
Basic Statistics on Indian Petroleum & Natural Gas 2010-11 Ministry of Petroleum & Natural Gas Government of India New Delhi (Economic Division) Government of India Ministry of Petroleum and atural Gas Economic Division Preface The “Basic Statistics on Indian Petroleum & atural Gas‚ 2010-11” is the sixteenth in a series that was first released in 1996. It is a skeletal forerunner of the detailed annual Statistics Bulletin published regularly after the end of the financial year
Premium Petroleum