1. PETROLEUM TRAPS http://www.usoilandgas.net/findingoil.htm Hydrocarbons - crude oil and natural gas - are found in certain layers of rock that are usually buried deep beneath the surface of the earth. In order for a rock layer to qualify as a good source of hydrocarbons‚ it must meet several criteria. Characteristics of Reservoir Rock For one thing‚ good reservoir rocks (a reservoir is a formation that contains hydrocarbons) have porosity. Porosity is a measure of the openings in a rock‚ openings
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Petrolera Zuata‚ Petrozuata C.A. case study “La Apertura” (The Opening) • Target: Orinoco Belt heavy/extra heavy oil accumulation (biggest known in the world) • Key Strategy: Opening Venezuelan oil sector to foreign oil companies • How: Profit sharing agreements‚ operating service agreements‚ strategic joint-venture associations • Ownership: PDVSA or subsidiaries contribute10 years)‚ fixed interest rates‚ fewer more flexible covenants‚ larger amounts. – Cons: fund must be raised in a lump sum
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As a fossil fuel its combustion contributes CO2 to the atmosphere‚ and so contributes to climate change. The particulates it emits on combustion contribute to inner-city pollution. Its extraction around the world is a dirty process‚ despite some half-hearted efforts to convince us otherwise. And the global appetite for oil-based fuels makes the environment‚ or indigenous people‚ only a secondary consideration in the oil business. To cap it all‚ most oil production is from politically unstable regions
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Introduction Petroleum has been a mainstay of the United State’s economy for almost a century. However‚ oil has now been recognized as a strong catalyst for global warming‚ it is becoming scarce and therefore‚ an expensive necessity to America’s economy. In the recent years many universities and scientists have looked for alternatives to oil in the form of renewable energies. These renewable energy sources would be cheaper in the long run‚ more efficient and environmentally clean. America
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Application Exercise Strategic Management Bharat Petroleum Corporation Limited (BPCL)‚ where I am employed‚ is engaged and exploration‚ refining‚ distribution and marketing of petroleum product across the country. In downstream product marketing BPCL‚ has bouquet of products on offer‚ ranging from Petrol‚ Diesel‚ to Aviation Fuel‚ to Cooking Gas to Auto Lubricants. It is a global major and ranked 225th in the Fortune Global 500 rankings of the world’s biggest corporations for the year 2012.
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EMERGING NANOTECHNOLOGY APPLICATIONS IN PETROLEUM INDUSTRY Introduction Nanotech applications & Nanoparticles have been successfully used in drilling mud for the Last 40-50 years. Recently the other disciplines of the oil industry‚ such as exploration‚ primary and assisted production‚ monitoring‚ refining and distribution‚ are approaching nanotechnologies due to its immense Potential for Confronting challenges‚ performance improvement & cost. Especially in ultra-deep water and artic environments
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your disposal‚ write a paper/report of not more than 2‚500 words (preferably typed) on the company where you work by assessing its structure‚ its economic importance to the Ghanaian economy as well as its problems and suggested solutions. Total Petroleum Ghana Limited ‚(TPGL)‚an oil marketing company ‚came into existence in November ‚2006 following the merger between Mobil Oil Ghana Limited and Total Ghana Limited .The strong historical heritage of the company dates as far back as 1964 when the subsidiary
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Reservoir engineering is a branch of petroleum engineering that applies scientific principles to the drainage problems arising during the development and production of oil and gas reservoirs so as to obtain a high economic recovery. The working tools of the reservoir engineer are subsurface geology‚ applied mathematics‚ and the basic laws of physics and chemistry governing the behavior of liquid and vapor phases of crude oil‚ natural gas‚ and water in reservoir rock. Of particular interest to reservoir
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British Petroleum (PLC) and John Browne: A Culture of Risk Beyond Petroleum British Petroleum (BP) reputation was put to the test in 2005 when a major explosion at one of the refineries in Texas exploded killing 15 people and injuring more than 180. Investigations returned a history of poorly regulated safety measures and facilities’ safety compromised in favor of profits‚ cost savings‚ and lack of supervised management. Two years later‚ Lord John Browne announces an early retirement before a
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organization’s uniqueness and the most outstanding aspects concerning its headship (ICM associates 2010). This paper presents a comprehensive coverage of Kuwait Petroleum Company’s Organizational Profile and a leadership profile that describes the role played by key personalities in nurturing developing minds. Organizational Profile Kuwait National Petroleum
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