November 2006‚ 90 – 97. Supply Chain Management in the Petroleum Industry: Challenges and Opportunities RAED HUSSAIN Department of Quantitative Methods & Information Systems‚ Kuwait University‚ Kuwait TIRAVAT ASSAVAPOKEE Department of Industrial Engineering‚ University of Houston‚ Texas‚ U.S.A. BASHEER KHUMAWALA Department of Decision and Information Sciences‚ University of Houston‚ Texas‚ U.S.A. Supply chain management in the petroleum industry contains various challenges‚ specifically
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15C-1 The Lease Pumper’s Handbook Chapter 15 Enhancing Oil Recovery Section C SECONDARY RECOVERY C-1. Secondary Recovery. In simple terms‚ secondary recovery is the addition of basic water flood or gas flood (i.e.‚ pressure maintenance) as a continuous force. Secondary recovery methods should be introduced very early in the life of a field while the income and profits from the wells are high enough to pay for the additional equipment and installation costs. As noted in the following sections‚ there
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TO: VEFA TARHAN‚ SPECIAL TOPICS IN FINANCE FROM: MAHMUT MACIT‚ AHMET ARDA ATIK‚ CAN KORKMAZ DATE: NOVEMBER 4‚ 2014 CASE: PIONEER PETROLEUM CORPORATION Overview of the Company Pioneer Petroleum Corporation established in 1924 and operating in oil refining‚ pipeline transportation‚ and industrial chemical fields. Company uses weighted-average cost of capital (WACC) as a discount rate to discount future cash flows that generate from possible projects. According to net present values of these possible
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In business there are no guarantees for success. Skills‚ knowledge‚ great motivation and honest evaluation of ability to carry out and then manage the operations are just some of the requirements that determine the probability of the successful project. Success is never automatic and does not rely on luck. There are no ways to foresee or eliminate all of the risks that might affect successful operation of a new business. However detailed planning‚ thorough analysis and well-carried out organization
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INDUSTRY RESEARCH: INDIAN PETROLEUM INDUSTRY ABHIJIT SAMANTA P/MN/R/09/167 2010 INTERNATIONAL SCHOOL OF BUSINESS & MEDIA; KOLKATA TABLE OF CONTENT TOPIC CHAPTER 1: INTRODUCTION 1.1 Introduction 1.2 Uniqueness of petroleum industry 1.3 No. of players 1.4 Market Share 1.5 Contribution to Indian Economy CHAPTER 2: INDUATRY DYNAMICS 2.1 Products and Services offered 2.1 Performance of petroleum and natural gas sector 2.2 Crude oil production 2.3 Natural gas production 2.4 Coal Bed Methane
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downstream sector encompasses the refining‚ storage‚ distribution and marketing of petroleum products: • Refining Process: Crude oil is processed and refined into more useful products; • Storage: The products from the refining process are stored at depots via pipeline‚ land (trucks & rail) and sea (barge/vessel). These storage facilities are also called tank farms or terminals • Distribution and Marketing: Petroleum products are distributed from storage locations to the end-user directly or through
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Songs of the ’90s float through the darkness of the J. Wayne Reitz Union’s Grand Ballroom while a multicolor LED dance floor lights up a division of the room. A long line for customized air-brushed hats snakes along while students play with a giant Jenga set or make Nickelodeon-inspired Slime. All these people are participating in GatorNights‚ a free event for those with a Gator 1 Card‚ hosted by the Reitz Programming Board that happens almost every Friday in the Reitz Union. Check-in starts
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Russia faces today with petroleum. The petroleum industry that Russia inherited from the Soviet Union has helped keep Russia afloat. However‚ the over reliance on the petroleum industry also makes Russia very susceptible to the economic downturns and keeps Russia from growing in other sectors. During the recent recession‚ Russia was one of the countries that were hardest hit. This is due to the fact that thirty percent of Russia’s Gross Domestic Product (GDP) comes from petroleum revenues and forty
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President Obama should reject the Keystone XL pipeline. Canadian Alberta Oil Sands production is set to double by 2020‚ and the oil companies must find new markets for this oil. The key enabler to transport all this excess oil into new markets is a company called TransCanada‚ a Canadian pipeline company. Keystone XL pipeline is a project proposed by TransCanada with 1‚179 mile (1‚897 km)‚ 36-inch diameter crude oil pipeline beginning in Hardisty‚ Alberta‚ Canada and extending south through American
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Regulatory Environment – a Look at the Keystone Pipeline Abstract/Executive Summary TransCanada’s proposed Keystone XL pipeline is a $7 billion project to bring heavy‚ sour crude oil from tar sands production in Alberta‚ Canada to Port Arthur‚ Texas for refining. It has sparked an ongoing struggle as advocates and opponents of the project make their case in various ways to the Obama Administration (Anonymous‚ 2011‚ Keystone XL Exposed). But is this pipeline ethically the right thing to do?
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