OIL AND GAS ACCOUNTING: CRITICAL EXAMINATION OF THE APPLICATION OF THEORY TO PRACTICE IN NIGERIA 1.0 INTRODUCTION: The natural resources of a nation‚ particularly the minerals‚ often constitute the lion’s share of the nation’s wealth. This is particularly true of the OPEC nations including Nigeria. Prior to the development of accounting standards issued by the Nigerian Accounting Standards Board (NASB)‚ the financial statements published by the oil and gas industry in Nigeria did not disclose adequate
Premium Petroleum
Voltage Dip Peng Cheng‚ Heng Nian‚ Member‚ IEEE College of Electrical Engineering‚ Zhejiang University‚ Hangzhou‚ China cheng_peng@zju.edu.cn Abstract：With the increasing percentage of wind power in the utility grid‚ grid codes require that wind turbines must have low voltage ride through (LVRT) capability. Considering that doubly fed induction generation (DFIG) systems have the tolerance capability ‚ to overcome the drawback of LVRT operation of DFIG system using crowbar‚ a dynamic voltage
Premium Wind turbine Electric power transmission Direct current
uses for fuel include everyday uses in our homes‚ running vehicles‚ and the use in manufacturing plants and other businesses that run on fuel. BMI oil and gas forecasts have been extended to cover a 10-year period‚ providing a guide to likely supply and demand trends from 2008 to 2018 (Oil & Gas Outlook: Long-Term Forcasts‚ 2009). Gas demands have been rising because environmental concerns have caused fuel to be the choice for power in many parts of the world. It is suggested that the fuel
Premium Petroleum Time Forecasting
each of the 3 wind turbines erected at the project. All the buildings were designed to optimize the passage of wind through the area where the turbines are placed‚ increasing its natural rate by up to 30%. Other projects that sought to incorporate wind power failed because of high costs incurred to implement the technology. In the case of the WTC‚ the plan was carried out because the conventional design supports 3 windmills‚ 29 meters in diameter each. Although these turbines were designed to minimize
Free Wind power Wind turbine United Arab Emirates
Fluctuating Gas Prices Kyle Bonzelaar Davenport University Gas prices have been on a rapid rise the last few years and not many people are happy with it. It limits those on a budget for how much they can do and how much they are willing to drive. Lately‚ gas prices have been fluctuating in price and going up but are more recently going back down‚ which gives people a little more flexibility at times in their schedule. It lets people do things such as travel and more‚ that they were not able
Premium Petroleum Automobile Internal combustion engine
Abstract— This paper analyses the working of a stand-alone vertical wind turbine system with a Permanent Magnet Alternator (PMA) and a secondary system consisting of an energy storage device for storing energy during wind speed variations. The ancillary system is necessary to support the primary system and improve its reliability under drastic conditions. Initially‚ the entire system is modeled with the VIENNA Rectifier‚ and the storage system‚ excluding the PMA. The output power required by the
Premium Wind power Renewable energy Wind turbine
Tidal energy can be generated in two ways‚ tidal stream generators or by barrage generation. The power created though tidal generators is generally more environmentally friendly and causes less impact on established ecosystems. Similar to a wind turbine‚ many tidal stream generators rotate underwater and is driven by the swiftly moving dense water. Although not yet widely used‚ tidal power has potential for future electricity generation. Tides are more predictable than wind energy and solar power
Premium Wind power Renewable energy Tide
Mains gas is most likely to be piped natural gas. The most serious risk to human health is via a leak‚ however small‚ in the piping system that transports the gas inside the building. Natural gas is a mixture of hydrocarbons‚ including methane. It is colourless and odourless‚ which makes a leak difficult to notice. Exposure to high levels of natural gas quickly causes unconsciousness and even death. Exposure to low levels can cause dizziness‚ nausea or heart palpitations. It has this affect because
Premium Tobacco Tobacco smoking Smoking
Economic Times You are here: ET Home › New s › New s By Industry › Energy › Oil & Gas Fall in KG output may turn 40k crore investment into NPAs By Rajeev Deshpande‚ TNN | 27 Jul‚ 2013‚ 06.44AM IST Post a Com m ent NEW DELHI: Rs 40‚000 crore of investments in power plants with an installed capacity of 4‚904 MW are at risk of turning into non-performing assets due to non-availability of domestic natural gas‚ primarily due to low production at the Reliance-run KG offshore fields. The government
Premium Coal
Sarin Gas Sarin Gas is one the most deadly and toxic gases that has no color and no scent. The formula for this chemical is C4H10FO2P or a more complicated formula or CH3P(=O)(F)(OCH(CH3)2) . This destructive weapon was innovated as a herbicide during the 193040s which is labeled as a nerve agent. Sarin is capable of causing the fatality of someone or the suffocating of a person by just inhaling a low concentration of Sarin gas. Sarin is considered a chiral molecule since it contains four chemical
Premium Sarin