PCRA aims at making oil conservation a national movement. As part of its mandate‚ PCRA is entrusted with the task of creating awareness amongst the masses about the importance‚ methods and benefits of conserving petroleum products & emission reduction. To take the message to the people‚ PCRA uses all possible and effective media for mass communication. These include electronic and press media e.g. TV‚ Radio‚ Electronic displays; Press at the National and State level printed literature for specific
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Graduation Project 10 December 2012 Petroleum Engineering: The Impact on Today’s Society The United States’ dependency for foreign oil is at its all-time high with the demand for oil continuing to grow. Americans depend on oil for transportation‚ heating‚ and power. Within the last five to ten years‚ the growing desire for more efficient ways of fueling has skyrocketed. Petroleum engineering has sparked a revolution throughout the nation. It has made a strong influence on the whole nation but
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TITLE: MW Petroleum Corporation: A Valuation Approach on Real Assets ABSTRACTOR SUMMARY Valuation is the estimation of an asset’s value‚ whether real or financial‚ based on variables perceived to be related to future investment returns‚ on comparison with similar assets‚ or‚ when relevant‚ on estimates of immediate liquidation proceeds (Pinto‚ Henry‚ Robinson‚ Stowe; 2010). Correct valuation of real assets can present challenges to financial analysts. Different models can be used to arrive at
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Cash Flow Valuation – Proved Developed Reserves Discounted Cash Flow Valuation – Proved Undeveloped Reserves Discounted Cash Flow Valuation – Probable Reserves Discounted Cash Flow Valuation – Possible Reserves Question 3 To value MW Petroleum we would consider the assets in place and the option bearing assets discretely. The assets in place consist of the proved developed reserves since they are already producing a determinable quantity of oil and natural gas‚ as well as the non-producing
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PETROLEUM (PRO’S and CON’S) Petroleum has brought great benefits to human civilization; quality of life and dynamic prosperity is caused by this precious resource. It is the lifeline of modern civilization. It is the source of energy for agricultural‚ industrial and transport sectors and sustains essential industries moving. Petroleum currently provides 90 per cent of energy used for transportation‚ and while its benefits are astounding‚ the use of petroleum-based technologies also has cost
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close look at my Resume will indicate that I majored in the exploitation of oil and gas fields in my undergraduate program and specialized in petroleum engineering‚ a similar specialty‚ in my Master’s program. It may well be asked why I maintain such a close affinity with petroleum. The answer is simple and straightforward—because I was born and I grew up on an oil field and I have cherished a deep love for all that it represent. Even as a child‚ I had a habit of watching for hours how beam-pumping
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The key publics that BP should take into account are as follows: Environmental Groups Consumers Investors Media Government/Regulatory Authorities The diagram below (Figure 1.1) is a representation of some of the multifaceted relationships between BP and its publics/stakeholders. It is clear that the assortment of communication channels used to reach key publics is somewhat diverse. Whilst consumers and investors are perhaps most likely to be the primary focus‚ these two groups are highly influenced
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PETROLEUM I. HISTORY The petroleum industry includes the global processes of exploration‚ extraction‚ refining‚ transporting (often by oil tankers and pipelines)‚ and marketing petroleum products. Petroleum in an unrefined state has been utilized by humans for over 5000 years. Oil in general has been used since early human history to keep fires ablaze‚ and also for warfare. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many
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Pioneer Petroleum is a multinational corporation that is in position to capitalize on investments all around the World. Within the industry Pioneer’s gasoline are among the cleanest burning fuels. They are better position than most to meet strict environmental guidelines as they currently have clean efficient running plants positioned to capitalize on less polluted products. Also Pioneer Petroleum is heavily involved in exploration and devilment. From 1924 to the present‚ pioneer has been able
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TAKEN TO AVOID THE IMPORTATION OF PETROLEUM PRICING IN NIGERIA. | MAT NO: SSC0905121 | OWOYOMI OLUWATOSIN ADEDAPO 2/4/2013 | Oil products are derived from crude oil and they include petrol‚ diesel‚ kerosene‚ natural gas‚ bitumen. Oil was discovered in Nigeria in 1956 at Oloibiri in the present Bayelsa State‚ after a century of searching (Dharam‚ 1991)‚ Nigeria is the largest oil producer in Africa and has been a member of the Organization of Petroleum Exporting Countries (OPEC) since
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