ABSTRACT Firms that operate in the oil and gas industry experience a number of risks in the supply chain of oil and gas and petrochemical as by products. These risks are inherently inculcated into the supply chain of oil and gas and related products ranging from the exploration‚ production‚ and marketing of oil‚ gas and related products. Quantitative and qualitative research will be conducted into the effects of these risks has revealed a strong relationship between the concepts of risk management
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Ofon Field‚ Oil and Gas Field‚ Nigeria Ofon Field is an oil and natural gas field located in the Oil Mining Lease (OML) 102‚ about 65km offshore in the south-eastern coast of Nigeria. The reserves lie at a water depth of 40m (131ft). The OML 102 is owned by state-owned Nigerian National Petroleum Corporation (NNPC - 60%) and is operated by Total Exploration-Production Nigeria (TEPNG - 40%)‚ formerly Elf Petroleum Nigeria. The proved and probable reserves at Ofon are about 350 million barrels
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Career: Accountant/Auditor A Day in the life of a Accountant/Auditor Accountants keep track of payments‚ financial positions‚ and transfers of capital or income for individual or institutional clients. Some are responsible for examining the tax implications of those actions. Accountants must be comfortable with numbers‚ but must also spend a considerable amount of time reviewing other people’s work and‚ in particular‚ delivering bad news. As a “financial physician” (a term that cropped up more
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Companies A company is a distinct legal entity with its own income tax liability. It is a popular structure for business‚ offering limited liability and certain taxation advantages. The annual reporting requirements are much higher for a company structure. The owner of a small business can only take income from a company structure as wages (director’s fees) or dividends. If the company operates a motor vehicle for the use of the owner (director)‚ Fringe benefits taxation will apply.
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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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BP: The Oil and Energy Company BP is an oil company whose roots start back in Cleveland‚ Ohio in the 1870 ’s. BP has grown from a local oil company to now being a global energy group employing over 80‚000 people and operating in over 100 countries worldwide. BP provides fuel for transportation‚ energy for heat and light‚ retail services‚ and petrochemical products for everyday items. They are all about finding oil and natural gas and have several brands that might sound familiar: BP‚ Castrol
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discovery of oil and the Nigerian economy 4 Type chapter title (level 2) 5 Type chapter title (level 3) 6 Abstract: Nigeria has remained a point of reference in Africa and on global level. This is stem from the fact that‚ it is one of the largest exporters of crude oil to developed nations of the world. For more than three decades therefore‚ crude oil has been the major hub of the energy‚ revenue and foreign exchange earner for the Nigerian economy. In spite of vast quantity of crude oil for exportation
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become scientist or explorers and say they want to explore space or explore the ocean someday. Many people think major explorations like exploring space and the oceans is a very important thing. People think major explorations can help us and help the world. Major explorations is a very common thing people talk about and put in the news but what they don’t know is that major explorations don’t really help us at all. In the articles and stories‚ “Remarks at the Dedication of the Aerospace Medical Health
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immediate costs for Shell Oil Company are untabulated. The company lost 60% of its production in the Gulf in the following weeks after hurricane Katrina. The Shell Company suffered intangible losses of employee moral and high turnover. Its tangible losses are not limited to losses in refining capacity‚ downed transporting pipelines‚ and downstream revenue from retail stores sales. However despite these immediate losses Shell occurred‚ it remains the Worlds second most profitable oil and chemical manufacturing
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in financing the companies undertaking two major oil and gas projects in Burma. These projects are known as Block M and the Shwe Reserve (including the Arakan-Yunnan Pipeline). The consortium companies undertaking the Block M project have a production sharing contract with Burma’s 100% state-owned Myanmar Oil & Gas Enterprise (Burma). The consortium includes Chinese and Singaporean companies: CNOOC (China)‚ CNPC (China) and Golden Aaron (Singapore). The consortium companies undertaking the Shwe
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