accountable for all economic retribution financially and environmentally. The oil rig was under contract by BP and according to the Oil Pollution Act of 1990 it stipulated that those parties responsible for the rig or facility which oil is being discharged from—is the responsible party held liable for cleanup costs. The conflict revolves around the fact that BP failed to clean-up the oil after seven days of trying to cap three oil leaks in
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Case: Edible Oils Industry in Pakistan Analysis of the case This case provides thorough understanding of the Edible oil industry in Pakistan and how it has changed and evolved down the years. The case highlights different macro and micro environment factors which have an influence in shaping up the market of edible oils. Initially‚ Desi ghee was the most widely used edible oil in Pakistan. However‚ with the passage of time‚ there was a shift in trend from desi ghee to vanaspati ghee because
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Deepwater Horizon Oil Disaster Conflict Kris Stephens BUS 5903 Conflict Resolution Dr. Jacqueline Gilliard Kstephens1@twu.edu August 22‚ 2010 Executive Summary British Petroleum (BP) is one of the largest oil companies in the world. They have recently been making the headlines for all the wrong reasons after suffering a record breaking oil spill in the Gulf of Mexico. Tony Hayward‚ former CEO‚ has been criticized for his handling
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Shell’s History: In 1833‚ a man named Marcus Samuel began selling seashells in London‚ eventually expanding into a thriving import-export business. In 1892‚ the first oil tanker was commissioned‚ to deliver kerosene from Russia to Singapore and Bangkok. During this time‚ the Royal Dutch was forming to develop oil fields in Asian regions‚ and by 1896‚ Royal Dutch had a fleet of tankers. In 1907‚ Shell and Royal Dutch merged after realizing the benefit of working together. In the early 1920’s‚
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Relationship between Oil‚ Gold and Currency 1 Overview • • • • Reasons to undertake study Why do commodities affect currency? Relation of gold to oil Oil and Currency - Oil and Canadian Dollar - Oil and Japanese Yen • Gold and Currency - Gold and Australian Dollar 2 Reasons to undertake study Forex traders can • Gauge Risk • Forecast Price Changes • Understand Exposure 3 Why do commodities affect currency? • Economic growth and exports are directly related to a country’s domestic
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1. Oil is a commodity good which has no product differentiation. Thus the price is quite the same around the world. The supply of oil is abundant but many major oil-rich countries set up the group‚ OPEC‚ and act as monopoly. OPEC can set output and then play a vital role in world oil price. World demand of oil is increasing especially in non-oecd countries although there are alternative resources. Thus‚ as long as there is demand‚ the price will continue to go up. 2. The bases of competitive advantages
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ESSENTIAL OILS FOR ALLERGIES 30 Recipes that will you healthy © 2015 Disclaimer All rights reserved. No part of this publication may be reproduced‚ distributed‚ or transmitted in any form or by any means‚ including photocopying‚ recording‚ or other electronic or mechanical methods‚ without the prior written permission of the publisher‚ except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. This book is not intended
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Advantages and Disadvantages of Oil Sands Oil sands are a type of unconventional petroleum deposit. They are loose sand or partially consolidated sandstone that contains natural mixtures of clay and sand‚ saturated with a viscous form of petroleum. Natural petroleum deposits are reported in many countries‚ but are found in extremely large quantities in Canada; 70.8% of the globally estimated oil sand reserves are in Canada. Most of the oil sands of Canada are located in northern Alberta. They
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Covered • Overview of the oil industry • Major companies in oil sector & their briefings • Some statistics regarding oil sector in India • Challenges faced by the oil sector in India • ONGC Limited 1. Introduction 2. Composition 3. SWOT Analysis of ONGC 4. PEST analysis 5. Matrix showing the risks • Conclusion • References Overview of the Oil Industry In current scenario there
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respect to Oil & Gas Industry INTRODUCTION India is the fifth largest consumer of energy in the world‚ and is likely to surpass Japan and Russia to become the world’s third biggest energy consumer by 2030. According to the International Energy Agency (IEA)‚ hydrocarbons satisfy major energy demand in India wherein coal and oil‚ together‚ represent about two-thirds of total energy use. Natural gas accounts for about 7 per cent share. India has about 5.7 billion barrels of proven oil reserves.
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