Case studies in the Oil and Gas industry Piper Alpha Piper Alpha was a North Sea oil production platform operated by Occidental Petroleum (Caledonia) Ltd. The platform began production in 1976‚ first as an oil platform and then later converted to gas production. An explosion and resulting fire destroyed it on July 6‚ 1988‚ killing 167 men‚ with only 59 survivors. The death toll includes 2 crewmen of a rescue vessel. Total insured loss was about £1.7 billion (US$ 3.4 billion). At the time of
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Business Law 265 Spring 2008 Exam #1‚ February 26‚ 2008 1. Jerry sent a letter containing an offer to sell his mountain bike to Bill for $300. This letter was sent on Oct. 1 and it was received on Oct. 4. On Oct. 5 Bill sent a letter to Jerry accepting the offer. But then Bill changed his mind; on Oct 6 Bill sent a message by personal messenger to Jerry‚ rejecting Jerry’s offer. The messenger delivered the rejection and it was received by Jerry on Oct. 7. The letter containing Bill’s
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TEMASEK POLYTECHNIC SCHOOL OF BUSINESS MANAGEMENT ACCOUNTING & FINANCE (BAF2016) AY 2011/12 MID-SEM TEST OCTOBER SEMESTER Name:___________________________________ Tutorial Class:____ Admission No. __________________________ Seat No:____ TIME ALLOWED: 1 HOUR READING TIME: 10 MINUTES TOTAL: 40 MARKS Instructions: 1. Do not turn the page over until instructed to do so. 2. This paper consists of 5 printed pages (excluding cover page). 3. Answer
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1 – Global Resources The distribution of natural resources like oil and gas are unevenly distributed across the world (Stutz‚ 2007). This essay will explain where the majority of oil and gas is located. Thereafter‚ the focus will be on the benefits and drawbacks of countries that are dependent on oil/gas. Finally‚ a conclusion will be given which sums up the most important factors. Allocation Oil/Gas The majority of the oil reserves are located in the Middle East. An estimate of 65% of the
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publicly traded oil and gas producing company. ExxonMobil does business in 200 countries world-wide (1). Some countries are designated for exploring gas and petroleum‚ and some are designated for manufacturing chemicals‚ lubricants‚ and market fuels (1). ExxonMobil ’s world-class petroleum portfolio gives access to proven reserves of 21.9 billion oil-equivalent barrels of oil and gas‚ which is the highest in the industry (1). The company ’s discovered resources consist of 72 billion oil equivalent
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Oil And Gas Conservation Oil and gas conservation effects your daily life in several ways: 1) As you conserve you own consumption of oil and gas‚ your fuel bills are reduced 2) Oil and gas conservation tends to reduce demand for oil and gas and this‚ in turn‚ tends to lower the price of fuels and products made from oil and gas (like plastics) to the consumer. 3) Conservation of oil and gas usually also means less burning of them as fuels‚ which‚ in turn reduces the amount of pollutants
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OIL & GAS SECTOR RATIO ANALYSIS CONTENTS PARTICULARS PAGE No. 1. Introduction 3 2. Objective 5 3. Ratio Analysis 6 4. Appendix 8 INTRODUCTION The Oil & Gas industry is the totality of all of the industries involved in the production and sale of fuel‚ including fuel extraction‚ manufacturing‚ refining and distribution. Modern society consumes large amounts of fuel‚ and the energy industry is a crucial part of the infrastructure and
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LIVING WITH ART Test Bank – Chapter 13 Multiple Choice 1. Using a steel framework with masonry sheathing‚ the ________‚ designed by Louis Sullivan‚ is thought by many to be the first genuinely modern building. a. Wainwright Building b. Eiffel Tower c. Crystal Palace d. Lever House e. Chrysler Building 2. Two factors that decide the success of any structural system are a. weight and tensile strength. b. the placement of its dome and its pendentives. c. the linear ratio
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cooking on your LPG stove; you are contributing to the increasing demands of oil in India? Most of you would be thinking ‘so what?’ Well‚ here is some data. India’s crude oil import bill increased more than 40 percent to $68 billion in 2007-08 following a consistent rise in global crude prices. According to data released by the Ministry of Petroleum and Natural Gas‚ India imported 121.672 million tons of crude oil for $67.988 billion in 2007-08‚ as opposed to 111.502 million tons imported
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Salem State University ACC202 – Managerial Accounting – Practice Test Chapters 14‚ 1‚ 2 Professor Paul F McGee‚ CPA Name___________________________________________ Please indicate the best/correct answer by circling the appropriate letter. 1. Managerial accounting helps managers perform three vital activities. These activities include all of the following except: a. Planning b. Controlling c. Decision making d. Hiring Controllers 2. The act that was intended to protect the interests
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