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
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Customer Needs ‚ Wants & Demands Needs are the basic human requirements. People need air‚ water‚ food‚ clothing and shelter to survive. People also have strong needs for recreation‚ education and entertainment. These needs become Wants when they are directed to specific objects that might satisfy the need. Wants are shaped by our society. Demands are wants for specific products backed by an ability to pay. Needs are of five types – Stated needs Real needs Unstated needs Delight needs
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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
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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
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Oil And Gas Conservation Oil and gas conservation effects your daily life in several ways: 1) As you conserve you own consumption of oil and gas‚ your fuel bills are reduced 2) Oil and gas conservation tends to reduce demand for oil and gas and this‚ in turn‚ tends to lower the price of fuels and products made from oil and gas (like plastics) to the consumer. 3) Conservation of oil and gas usually also means less burning of them as fuels‚ which‚ in turn reduces the amount of pollutants
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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
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cooking on your LPG stove; you are contributing to the increasing demands of oil in India? Most of you would be thinking ‘so what?’ Well‚ here is some data. India’s crude oil import bill increased more than 40 percent to $68 billion in 2007-08 following a consistent rise in global crude prices. According to data released by the Ministry of Petroleum and Natural Gas‚ India imported 121.672 million tons of crude oil for $67.988 billion in 2007-08‚ as opposed to 111.502 million tons imported
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Rivalry being present in any industry is obvious. Some industries have more than others and for different reasons. With over 12‚000 different companies in the Oil and Gas Field Services industry competition is high and is projected to only continue to increase. This is due to the demand of oil and gas in the United States and the world. It is also because international firms are beginning to come in the United States to compete with US firms for business. In comparison‚ US firms operating internationally
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Coal State‚ aka Kentucky‚ a new way of getting oil has come. Fracking has become more and more popular in the US and in the world. Fracking consists of drilling‚ and cracking into the ground vertically and horizontally. This new method uses water pressure and thousands of chemicals to pump the oil to the surface of the land. As a resident in Kentucky‚ I leave around some empty land out in the country side. Recently‚ I heard about KGA (Kentucky Gas Association) has bought the land around my property
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Case studies in the Oil and Gas industry Piper Alpha Piper Alpha was a North Sea oil production platform operated by Occidental Petroleum (Caledonia) Ltd. The platform began production in 1976‚ first as an oil platform and then later converted to gas production. An explosion and resulting fire destroyed it on July 6‚ 1988‚ killing 167 men‚ with only 59 survivors. The death toll includes 2 crewmen of a rescue vessel. Total insured loss was about £1.7 billion (US$ 3.4 billion). At the time of
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