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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Håvard Devold Oil and gas production handbook An introduction to oil and gas production ISBN 978-82-997886-1-8 PREFACE This handbook has been compiled for readers with an interest in the oil and gas production industry. It is an overview of the main processes and equipment. When we searched for a suitable introduction to be used for new engineers‚ I discovered that much of the equipment is described in standards‚ equipment manuals and project documentation. But little material was
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Coal Seam Gas What is it? Coalbed methane‚ also more commonly known as coal seam gas (CSG) in Australia‚ is a type of natural gas removed from coal beds. It has been labelled as an unconventional natural gas along with tight gas and shale gas. They are labelled as "unconventional" as a result of their unusual reservoir types. It is removed from coal seams that are 300 - 1000 metres underground‚ and it is mainly composed of methane gas. It is typically extracted by drilling a steel-encased hole
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Natural gas in Bangladesh From Wikipedia‚ the free encyclopedia This article has multiple issues. Please help improve it or discuss these issues on the talk page. This article includes a list of references‚ related reading or external links‚ but its sources remain unclear because it lacks inline citations. (April 2012) This article is written like a personal reflection or essay rather than an encyclopedic description of the subject. (April 2012) This article may need to be wikified to meet
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easement of surface use by the mineral interest owner. Surface interest has rights to many substances (ground water) and to many uses (geologic formations for storage of natural gas) Mineral interest – fee simple ownership of OG under tract; separate estate Exclusive right to search for‚ develop‚ and produce oil and gas from the property. Implied easement to use the surface in such ways and to such an extent as is reasonably necessary to obtain the minerals under the property Mineral
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development of any country. Unfortunately‚ our country is facing a big crisis of Energy since last few years. And we are very keen to find some renewable method to produce energy which would be cheapest‚ durable and ecological. One of such method is “Bio-Gas’’ power plants. Energy is one of the major inputs for the economic development of any country. In the case of the developing countries‚ the energy sector assumes a critical importance in view of the ever-increasing energy needs requiring huge investments
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“THE GAS MAN COMETH” The documentary‚ “Gas Land”‚ by Josh Fox‚ is a film about the problems with contaminated groundwater due to excessive and unregulated natural gas extraction across the country. In the film‚ Fox travels all over to talk to many people who have rented out their land to natural gas companies‚ only to get contaminated water and no help from any company or organization with the problems that ensue. Fox uses many techniques in his film to get across his point that America should
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Oil and Gas Law Outline Fall 2000 Class One INTRODUCTION Petroleum: generic name for certain combustible hydrocarbon compounds found in the earth A commercial oil deposit requires the presence of a porous‚ permeable rock formation containing oil of a marketable A.P.I. gravity and of producible viscosity. Three fundamental properties of petroleum (for oil and gas production): 1. state (gaseous‚ liquid or solid) 2. specific gravity
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beneficial to the society we live in or has it destroyed our natural environment. These are the questions that need to be answered. I will try to determine some of the aspects that might make it potentially dangerous and yet potentially highly economical and beneficial to North Americas vast resource system. What is fracking? Well; it gets its name from “Hydraulic Fracturing‚” and this is the process by which fossil fuels‚ usually natural gas or petroleum‚ are extracted from the earth. During this process
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BHOPAL GAS TRAGEDY At 11.00 PM on December 2 1984‚ while most of the one million residents of Bhopal slept‚ an operator at the plant noticed a small leak of methyl isocyanate (MIC) gas and increasing pressure inside a storage tank. The vent-gas scrubber‚ a safety device designer to neutralize toxic discharge from the MIC system‚ had been turned off three weeks prior . Apparently a faulty valve had allowed one ton of water for cleaning internal pipes to mix with forty tons of MIC. A 30 ton refrigeration
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