Global Business and Economics Research Journal ISSN: 2302-4593 Vol. 2 (5): 102 - 115 The impact of petroleum on economic growth in Nigeria Michael Baghebo Niger Delta University‚ Bayelsa State‚ Nigeria baghebomichael@yahoo.com Timothy Okule Atima Niger Delta University‚ Bayelsa State‚ Nigeria Abstract The study examines the impact of petroleum on economic growth of the Nigerian economy. Data covering the period 1980-2011 was collected from the Central Bank of Nigeria Statistical Bulletin
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Pioneer Petroleum Corporation’s (PPC) has been through a diverse amount of changes throughout the years. They were originally were a merger of several different independent firms operating in the oil refining‚ pipeline transportation‚ and industrial chemicals fields. PPC then integrated vertically into exploration and production of crude oil and marketing refined petroleum products‚ but horizontally into plastics‚ agricultural chemicals‚ and real estate development. They decided to restructure
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The Deepwater Horizon Oil Spill (aka BP Oil Spill) was one of the worst oil disasters in history. How much damage was done? How is BP making up for it? This is what we discovered: In the BP Oil Spill‚ more than 200 million gallons of crude oil was pumped into the Gulf of Mexico for a total of 87 days‚ making it the biggest oil spill in U.S. history. 16‚000 total miles of coastline have been affected‚ including the coasts of Texas‚ Louisiana‚ Mississippi‚ Alabama‚ and Florida. Even though the
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A Report On Castrol India Ltd.‚ Mumbai Assignment: Supply Chain Executive Summary Castrol India LTD. Castrol India Limited is a Public Limited Company with 70.92% of the equity held by Castrol Limited UK (part of BP Group).From a minor oil company‚ with a share of about 6% in 1991‚ Castrol India has grown to become the second largest lubricant company in India with a market share of around
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at Norsk Petroleum Norsk Petroleum is a leading gas and oil exploration company based in Oslo‚ Norway. It employs 2564 people‚ and its business operations comprise the exploration‚ production and marketing of crude oil‚ natural gas and natural gas liquids. In 2007 most of its business was conducted in Norway and Canada‚ although its interests included ventures in West Africa‚ Australia‚ the Gulf of Mexico and Venezuela. When Usa Bohm‚ the human resources director for Norsk Petroleum‚ read an
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Detail of Company: SapuraKencana PETROLEUM ( Kencana Fabrication Yard) Kencana Marine Sdn. Bhd. Plot D1‚ Lumut Port Industrial Park‚ Kampung Acheh‚ Mukim of Lumut Daerah Manjung‚ 32000 Setiawan‚ PerakDarul Ridzuan‚ Malaysia. Date of visit: The interview was done at Marine Island‚ 11/03/2013 (Monday) Nature of business: SapuraKencana Petroleum Berhad provides integrated oil and gas services and solutions. The company engages
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wanted to do my major in this subject. One of my favourite class at school was Chemistry. Having scored 96% in Chemistry and Physics motivated me to take up Petroleum Engineering .The appreciation from my mentors and teachers encouraged me and endowed me with other leadership roles and responsibilities towards my school. My interest in petroleum engineering is inherent from my achievements and participation at state level Green and Science Olympiad‚ All India Environment awareness programmes and receiving
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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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CENTRE FOR ENERGY‚ PETROLEUM AND MINERAL LAW AND POLICY STATEMENT OF ORIGINALITY I.D. STUDENT: 120023681 PROGRAMME: MSC INTERNATIONAL OIL AND GAS MANAGEMENT MODULE: CP51005 Name: International Petroleum Law and Policy HOW EFFECTIVE IS THE ARBITRABILITY OF TAX DISPUTES AT A PRE-PRODUCTION STAGE IN INTERNATIONAL COMMERCIAL ENERGY DISPUTES? A case of Heritage Oil & Gas Ltd Vs Uganda Revenue Authority Abstract: What makes arbitrability a contentious issue in arbitration
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Revenue‚ Capex‚ Opex 3 Reserves 3 Sunk costs: 3 Opportunity Costs: 3 Royalty‚ Tax‚ Ring fencing 4 Types of Petroleum Fiscal Regimes 4 Net Cash Flow 4 Concessionary system vs. Production Sharing contracts 5 Going Internation – Bidding Process 5 Economic Modelling 6 Production Costs 7 Wildcat 7 What is the wild cat success ratio? And what are the considered factors? 7 Depreciation 8 Abandonment 8 Goodwill‚ Leases‚ Ringfencing 9 Volatility of Crude Oil 9 Volatility of Gas 10 Forecasting 10 Opportunity
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