INTRODUCTION:- IndianOil is India’s flagship national oil company with business interests straddling the entire hydrocarbon value chain – from refining‚ pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas‚ marketing of natural gas and petrochemicals. It is the leading Indian corporate in the Fortune ’Global 500’ listing‚ ranked at the 83rd position in the year 2012. With over 34‚233-strong workforce‚ IndianOil has been helping to
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Oil Drilling in Alaska There is believed to be between 5.7 and 16 billion barrels of recoverable crude oil in Alaska. The only thing holding us back from drilling there because it would damage a protected national wildlife refuge in the act killing many animals. The controversy of whether to drill there or not has been going on since around 1977. The last two presidents we had were on different sides of how they felt about the drilling. There are many positives to drilling in Alaska but for every
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11 2.2 Global Scenario 11 2.3 Indian Scenario: 17 3 Performance Review of X Plan Period 25 3.1 Introduction 25 3.2 Hydrocarbon Reserve Position 25 3.3 Crude Oil and Natural Gas Production 26 3.4 Implementation of New Exploration Licensing Policy (NELP) 28 3.5 Implementation of Coal Bed Methane (CBM) Policy 28 3.6 Equity Oil and Gas from Abroad 29 3.7 Consumption of Petroleum Products during X Plan 31 3.8 Refining Capacity 32 3.9 Investments 33 4 Review of Policy Measures 36 4.1 Marketing
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Gulf Oil Spill Paper ENV/100 January 09‚ 2013 Gulf Oil Spill Paper On April 20‚ 2010 an explosion on an oil rig in the gulf of Mexico killed 11 people but also unleashed “the worst environmental disaster in U.S. history”(Center for Biological Diversity). A study I came across when researching this disaster by the Center for Biological Diversity shows us the more than 82‚000 birds‚ about 6‚000 sea turtles‚ and nearly 26‚000 other marine animals were harmed due to this oil spill. Not only were
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BP COMMUNICATION FAILure DURING GULF OIL SPILL CRISIS An important component of crisis management is response. Response can include several actions such as communication with stakeholders‚ the public and the government. Appropriate and effective communication can minimize the distribution of incomplete and inaccurate information‚ reduce speculation and prevent or quell rumors. In fact‚ studies suggest that the message itself can affect the public’s evaluation of the company and perhaps
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Håvard Devold Oil and gas production handbook An introduction to oil and gas production ISBN 978-82-997886-1-8 PREFACE This handbook has been compiled for readers with an interest in the oil and gas production industry. It is an overview of the main processes and equipment. When we searched for a suitable introduction to be used for new engineers‚ I discovered that much of the equipment is described in standards‚ equipment manuals and project documentation. But little material was
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(NaturalNews) It’s true the almost five million barrels of oil that contaminated the Gulf of Mexico during the 2010 Deepwater Horizon spill was an ecological nightmare. And residents of the area have complained for the last two years that the chemicals dumped into the area as an ill-thought-out solution have made many of them sick. But what about the ocean itself that has been treated as an experimental chemical dump by the Environmental Protection Agency (EPA) and corporate giant BP? Turns out
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BP OIL SPILL IN 2010 April 20th was a tragic day for BP and the crew of the Transocean’s Deepwater Horizon. “Floating fifty-two miles off the coast of Louisiana in 5‚000 feet of water was an oil rig drilling in the Gulf of Mexico.” (Hoffman‚ 2010) What unfolded next will go down in history as the worst accidental oil spill in the world. “The oil well a mile below the surface of the Gulf blew up from high-pressure methane gas expanding into the drill. As a result of the explosion‚ it ended
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beginning of the largest‚most disastrous oil spill in the United States had begun. The oil leak was caused by an explosion that happened at approximately 10:00 p.m‚killing eleven people and injuring seventeen others. Two days later‚ the rig sank and started to leak oil and gas from the well. After about three months of the well (Macondo) leaking oil‚ it finally got capped off on July 15. Within those three months‚ the well had leaked 134 million gallons of oil into the Gulf of Mexico. The leak did not
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Oil Futures Market in India There are primarily 3 major exchanges present in India * Multi Commodity Exchange of India Ltd (MCX) * India’s No. 1 commodity exchange (85% Market share)‚ 3rd largest in world in crude oil trades * Turnover of over Rs 90 Lakh Crore‚ daily turnover of Rs 10‚000 crore in crude alone * National Commodity and Derivative Exchange (NCDEX) * Ranked number 32nd in 2010 in the Futures Industry Association’s global list of top 53 derivatives exchanges
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