competitive advantages to maximize value from existing assets and capture new opportunities. Major business strategies – Upstream – grow profitably in core areas‚ build new legacy positions and commercialize the company’s equity natural gas resource base while growing a high-impact global gas business. Downstream – improve returns and grow earnings across the value chain. Technology – differentiate performance through technology; invest in profitable renewable energy and energy efficiency solutions. Financial
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for electrical power has grown exponentially. World population growth‚ and developing nations determined to be more modern are consuming natural and electrical resources at an ever growing pace‚ we are putting a strain on our ecosystem that may be harming the planet’s environment beyond repair. Electrical power can be generated many ways‚ Coal‚ Natural Gas‚ Hydro Dams‚ Oil‚ Solar‚ Wind‚ and Nuclear are the major options. All of these choices have advantages and disadvantages regarding the impact
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Hydraulic fracturing is a process used in nine out of 10 natural gas wells in the United States‚ where millions of gallons of water‚ sand and chemicals are pumped underground to break apart the rock and release the gas. Scientists are worried that the chemicals used in fracturing may pose a threat either underground or when waste fluids are handled and sometimes spilled on the surface. The natural gas industry defends hydraulic fracturing‚ better known as fracking‚ as safe and efficient. Thomas J
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consequences of fracking and thus‚ still poses a real threat to the people and the environment. According to Faulkner‚ hydraulic fracturing—commonly known as “fracking”—is “a process that enables the extraction of previous intractable [mysterious] natural gas and
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BP plc (British Petroleum) February 2‚ 2014 University of Mount Olive Table of Contents Title Page ……………………………………………………………………………………….. 1 Table of Contents ………………………………………………………………………………... 2 Introduction …………………………………………………………………………………….... 3 External Environment …………………………………………………………………………... 3 Economic Trends………………………………………………………………………… 4 Political/Legal …………………………………………………………………………… 5 Demographics …………………………………………………………………………… 6 Technological Trends ……………………………………………………………………
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These environmental experts predict that if heavy changes aren’t made‚ the Earth’s average temperature may rise 2 degrees Celsius by 2030 (Kuo‚ 2011). Our country’s energy system has improved since the 1970s‚ but still relies on oil‚ coal‚ and natural gas (Fri‚ 2013). Increase in carbon dioxide and other greenhouse gases at such a high rate are enough incentive to switch energy sources. The US energy policy is currently not suitable to sustain a practical future. There are other‚ better methods of
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My ecological footprint suggests that I am being sustainable and environmentally friendly. I need 1.38 fewer Planet Earths than the average person in Ontario in order to provide for my resources. Most of my footprint is based on food and services‚ from my almost everyday meat consumption and the large grouping of electronic devices and products I use every day. My footprint shows a Western lifestyle. Our lives here in North America are based around capitalistic ideals of materialism and over-consumption
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Introduction: ONGC is oil and Natural gas corporation limited is an Indian multinational oil and gas company headquartered in Dehradun‚ India. It is a Public Sector Undertaking (PSU) of the Government of India‚ under the administrative control of the Ministry of Petroleum and Natural Gas. It is India’s largest oil and gas exploration and production company. It produces around 69% of India’s crude oil (equivalent to around 30% of the country’s total demand) and around 62% of its natural gas. History ONGC‚ was
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fuels. Exxon engages in oil and gas exploration‚ production‚ supply‚ transportation and marketing in a global economy (Bloomberg). They hold over 13 billion barrels of oil in reserve. Exxon also has thirty eight refineries spread over 21 countries (Annual Report). The company also has a thought put capacity of 6.3 million barrels of oil daily. Target Market Exxon has a huge target market in today’s economy. They not only provide to anyone driving a commercial motor vehicle but also to larger wholesalers
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engineering discipline concerned with the activities related to the production of hydrocarbons‚ which can be either crude oil or natural gas. considered as upstream sector of the oil and gas industry‚ which are the activities of finding and producing hydrocarbons. What is Petroleum Engineer? A petroleum engineer is involved in nearly all stages of oil and gas field evaluation‚ development and production. The goal of a petroleum engineer is to maximise hydrocarbon recovery
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