Topic: IFRS and US GAAP in the Oil and Natural Gas Industry Summer 2013 July 17‚ 2013 Introduction Many countries in the world speaks many different languages when it comes to financial reporting. When one compare the accounting standards years ago to what is seen today‚ it’s shown that investors tolerated a great deal. As the markets are becoming global‚ investors are choosing the better global accounting standards that are available to them. For this reason‚ this paper will point out the International
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BCG MATRIX FOR PSO (PAKISTAN STATE OIL) As according to BCG MATRIX are those compounds which have high growth rate and big share in the market so here in the case of Pakistan State Oil CNG (Compressed Natural Gas) is included in stars because the CNG of PSO is very pure and the pressure of CNG on the petrol pumps is very high but whereas the CNG of other petrol pumps is not very pure. The CNG of other petrol pumps also contain small amount of air and the pressure of CNG on other petrol pumps is
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pre-World War II) before there was a world market for crude oil with market transactions. Why might it be nonsensical to treat posted prices as transactions prices in a quantitative analysis of oil markets? 2. What features of the production technology for crude oil and the characteristics of oil demand would naturally lead to volatile market prices? 3. When will the world run out of crude oil? When will it run out of $25 crude oil? $100 crude oil? Be sure to use comparative cost in your response.
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The global oil and gas industry also involves the exploration and production of commodity and energy trading‚ pipeline monitoring and renewable energy. Petroleum is proved to be one of the most valuable commodities in the world today and a vital factor in the sustenance of industrial civilization. Crude oil production accounts for a significant amount of the world’s oil consumption‚ approximately 53% in the Middle East‚ 32% in Europe and Asia‚ 44% in South and Central America‚ 41% in Africa and
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Tea Tree Oil What do cuts‚ gingivitis‚ and mold all have in common? Not only are they all a hassle to deal with‚ but they can all be treated with tea tree oil‚ also known as Melaleuca Alternifolia. This multipurpose essential oil is a practical addition to any household stash of cure-alls. It is extracted from the branches and leaves of the tea tree‚ a white flowering plant‚ which is found in the swampy lowlands of Australia. Tea tree oil has now come to be considered a staple in homeopathic healing
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superpower‚ oil is an extremely important factor in maintaining that status. The United States and the entire world depend on oil to run their machines and engines. The Middle East produces over 60% of the world’s oil supply. Demands for this oil increases every year. The United States relies on the Middle East for about 14% of all oil needs‚ but that percentage keeps on growing. As disaster and lack of reserves damage our own oil reserves‚ the United States needs more options for obtaining oil. The
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Pacific Oil Company Pacific Oil Company was founded in 1902 as the Sweetwater Oil Company of Oklahoma City‚ Oklahoma. The founder of Sweetwater Oil‚ E.M. Hutchinson‚ pioneered a major oil strike in north central Oklahoma that touched off the Oklahoma "black gold" rush of the early 1900s. It developed extensive oil holdings in North Africa and the Middle East‚ as well as significant coal beds in the western United States. In 1979‚ Pacific Oil established the first major contract with
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TITLE: GLADIATOR PLOT: The story is about Maximus‚ one of the leading generals in the Roman army. He led the Romans to victory in a decisive battle with the Barbarians that ended a long war between them. This victory helped him gain trust and favour from the old Emperor Marcus Aurelius‚ which is now old and near his end. Emperor Aurelius wishes to appoint Maximus as the temporary leader of Rome‚ even though he has a son‚ Commodus. Commodus‚ being told by his father that he would not be the appointed
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decide what qualifies as an environmental issue. The BP Oil Spill has been a huge environmental issue; it was the worst oil disaster in US history. The government estimated up to 2.6 million gallons per day with a total of 205.8 million got into the gulf. Louisiana‚ Mississippi‚ Alabama and Florida all had miles on miles of surface oil problems. BP put nearly 2 million gallons of chemical “dispersants” into the ocean‚ which actually make the oil more toxic to ocean life. It’s considered and environmental
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E > H > B The Oil Spill‚ due to the mismanaged oil drilling by British Petroleum (BP)‚ in the Gulf of Mexico‚ has turned into one of the worst environmental disasters to happen to an ocean ecosystem of all time. Although many people only notice the effects on the hydrosphere‚ which include the oil going almost a mile deep under the sea‚ destroying the sediment and rock on the ocean floor‚ as well as disrupting coastal patterns‚ many have not realized the drastic effects on the biosphere
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