...world’s significant oil and gas producers. Malaysia holds the world’s 28th largest crude oil reserves with proven oil reserves of 4 billion barrels. Malaysia is also the world’s 13th largest natural gas reserves with a 33 capacity of 2400 billion cubic meters. Regarding to this, the development of oil and gas industry in Malaysia bring some impact to us. Mining in the past few decades in the oil，it brings some effects on economic, social and environment to some developing countries led to a huge problem. As one of the nation's main commodities, oil and gas has a very strong impact on the Malaysian economy. Our Oil and Gas team with its industry professionals and worldwide capabilities is ideally placed to help companies...
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........................................................ 5 Sectors of Industry: ................................................................................................................................. 6 Financial Statistics: ................................................................................................................................. 8 Current Industry Structure: ..................................................................................................................... 8 Potential Pitfalls: ..................................................................................................................................... 9 References:............................................................................................................................................ 11 Oil and Gas Industry The oil and gas industry or the petroleum industry has become an important part of every man’s day to day routine. Let it be cooking, driving or lighting oil and gas has become a necessity. Naturally discovered under the crust of earth crude oil was earlier thought to be available in abundant. But in recent years we have found that there is shortage of the most necessary part of our life. In this report we will discuss the history, current leaders, demographics, structure, financial statistics and potential pitfalls of one of the most profitable industry i.e. oil and gas industry in the present market. History: The processes of exploration, extraction...
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...The Oil and Gas industry plays a major role in the economic advancement in Texas. This industry provides Texans with great paying jobs, 15.7 billion dollars of taxes and royalties used for funds such as education and highways. The benefits are not only seen in Texas but also nationwide with the production of plastics, medicines, computers, life-saving devices and much more. Unfortunately, the Oil and Gas industry poses a great threat on the environment and human health. In 2015, 68 million pounds of illegal air pollution were reported from the Oil and Gas industry alone; surpassing the U.S. Environmental Protection Agency’s (EPA) level of concern standard. The pollutants associated with this industry were detected in air and water in many...
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...slowing in oil and gas rig growth, which indicates that the early skeptics who thought this was a temporary production boom requiring numerous new wells to keep output up were wrong. Rather than drilling in new shale formations, oil and gas producers are finding ways to get more out of the formations they have already found. (U.S. Oil & Gas Production On the Rise Thanks to Fracking) Not everyone forecasts new and lasting supplies of oil and gas. David Hughes of the Post Carbon Institute offers this about availability: “The analysis shows that U.S. tight oil production cannot be maintained at the levels assumed by the EIA beyond 2020. The top two plays—Bakken and Eagle Ford—which account for more than 60% of current production, are likely...
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...Economic Profile on the Oil and Gas Industry The oil and gas industry is one of the most talked about industries today, at least in my town it is. Everywhere I go I hear people talking about the rise or fall in gas prices or how the cost of a barrel of crude oil has just gone up or down .10 cents. I also hear about how the current hurricane season could pose a threat to the oil industry, as it did last year with hurricane Katrina, putting oil refineries under water or causing extreme damage to them. In this essay I am going to discuss the shifts and price elasticity of supply and demand in the oil and gas industry. I am also going to discuss the oil and gas industry’s positive and negative externalities, wage inequality, and monetary and fiscal policies. Lastly, I will discuss the economic affects and influence on the oil and gas industry. Shifts and Price Elasticity of Supply and Demand The price elasticity is the affect of the price for a good on the demand of that good. If consumers are not affected by the change in price then this good would be referred to as inelastic. If consumers are affected by the change in price then this good would be referred to as elastic. The oil and gas industry is inelastic when the prices rise because, although consumers slightly reduce their consumption of oil and gas, consumers still purchase oil and gas. With gasoline prices in the U.S. approaching an average $3 a gallon, Americans are moaning about the rising cost, but so far they are...
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...Kristin Robinson Dylan Graham Ruben Doris Sarah Wallace Oil & Gas Equipment and Services Industry Overview: The oilfield services and equipment sector was valued around $152 billion in 2012. The OFS industry “is made up of mature set of companies” and whose success is dependent on the “drilling expenditures of the oil and gas companies”. The OFS industry provides a wide range of services and equipment for oil and gas companies around the world. They aid in the extraction and production of natural resources. OFS companies are involved in all stages of production, from upstream through downstream. The size of these service companies was relatively small until the 1980’s, when the major oil and gas companies outsourced a variety of processes to service companies. OFS companies continued to grow in size and importance with the innovation of new technologies and abilities such as directional drilling and improved 3D seismic imaging. Today, OFS companies play a key part in what is commonly referred to as the “shale revolution” in North America. The industry’s success is dependent on several factors including oil/gas prices, economic stability, and innovation of new technologies. This sector is comprised of four giants that include Schlumberger, Weatherford, Halliburton, and Baker Hughes. These companies are involved in a broad range of services that require intensive capital and R&D. Independent firms typically perform smaller, specialized services with expertise in...
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...Earnings Management Study Oil & Gas Industry Abstract This study mainly focused on the earnings management in oil and gas industry and we used Jones model to detect discretionary accruals in the subject companies. Specifically, we examined three oil and gas sample companies that have been required to restate their financial reports due to the oil reserve overestimation. After running the regression and comparing statistics with other oil and gas companies, we found that the sample companies do revise oil reserves to manipulate the DDA expenses, thus achieving their goals of earnings management. Some recommended auditing guidance to detect such manipulation were given at the end. Introduction/Assumption Earnings management, in accounting, is the act of intentionally influencing the process of financial reporting to obtain some private gain. Earnings management involves the manipulation of company earnings towards a pre-determined target. This target can be motivated by a preference for more stable earnings, in which case management is said to be carrying out income smoothing. Management may also overstate the income for personal interests. Other possible motivations for earnings management include the need to maintain the levels of certain accounting ratios due to debt covenants, boost earnings to beat analyst targets, or intentionally understate the earnings to get rid of the...
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...VENEZUELA OIL AND GAS INDUSTRY (PDVSA) NAME: INSTITUTION: Venezuela is among world’s leading oil and gas industry holders. It is ranked 13th among the world’s largest oil producers and 10th among the exporters. Notably, it has historically been one of the United States largest sources of oil imports. These key contributions in the world attract experts’ opinions about Venezuela’s future trends in the industry. It is majorly dependent on key factors such as the customer needs, state of economies and the environmental changes in the country. The increasing customer needs has had a major role in the prediction of future trends in the oil and gas industry in Venezuela. Globally the customer demand influences the world peak oil; this refers to when the rate of oil production enters its maximum level. Some petroleum experts such as Kenneth Deffeyes and Matthew Simmons believe that the increased dependence of agricultural, industrial, and transport systems on low cost and availability of oil have negative impacts on the gas and oil industry (World crisis.net, 2008). If strategic economic changes are only in response to high prices and shortages rather than a threat of the peak, then the rate of economic damage to importing countries would only depend on how rapid oil imports decline after the peak. The oil demand is projected to grow to increase by over 30% from current levels by 2030. Venezuela been a key source of oil means that it will play a key role to try and meet the need...
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...Westminster International College Module Title: Research Skills Programme: BABS Semester: Three Academic Year Period: June 2012 –September 2012 Lecturer: Dr. Kui Juan Tiang Date Given and Available on the Student Portal: 6 July 2012 Date of Presentation: Week Beginning 6 August 2012 Date of Completion and Submission: 15 August 2012 Submission Method: Online via Turn It In with one hard copy to the Examinations Department Assessment Type: An individual presentation and type-written assignment Student: Aliaskar Batyrbek Student ID: NE/WICKL/UWIC/BABS/1011/0117 Assignment Topic: An investigation study of development of oil and gas industry in Kazakhstan Table of Contents 2 Introduction 4 2.1 Country Profile 4 2.2 History of industry 4 3 Research Objectives 5 4 Literature Review 6 4.1 Geographic Factor 6 4.1.1 Major Oilfields 8 4.1.2 Export Operating Pipelines 9 4.2 Government Policies 11 4.3 Financial Factor and R&D Factor 12 4.4 Market Prospects 14 4.4.1 Market players 14 4.4.2 Production 15 4.4.3 Consumption 16 5 Research Methodology 18 6 Time Scale / Gantt Chart 19 7 References 20 Figure 1 4 Figure 2 (KMG, 2012) 5 Figure 3 (BP, 2012) 5 Figure 4 (European Dialogue, 2012) 6 Figure 5 (BP, 2012) 6 Figure 6 (CIA, 2012) 8 Figure 7 (Centre for Global Energy Studies, 2012) 9 Figure 8 (Centre for Global Energy Studies, 2012) 9 Figure 9 (The Agency of Statistics of...
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...Procurement in Oil and Gas Industry in Developing Countries A Case of AGIP Nigeria Name Course Professor Date Abstract This is a thesis about procurement process in the oil and gas industry in Nigeria with specific stress on AGIP Nigerian AGIP Energy and Natural Resource.” The report starts with an introduction to the country Nigeria itself. It develops with the research on the oil and gas sector in the country and then focuses on the AGIP and its operations. Thus the first section comprises the Introduction, the background of the problem the research objectives, literature review regarding the procurement process and the company AGIP. The second section is about the research methodology, the data analysis and presentation of results leading to limitations and recommendations and a conclusion. A qualitative research design has been used to do the research. These research methods have been used by every researcher in a way or other and quality data has been accumulated to help these researchers to prove their viewpoint either statistically (quantitative) or by subjective analysis of earlier researches or direct observations of the subjects (qualitatively). The data sources used for the literature review for this study are primarily the secondary sources particularly from books, journals, articles published in various scientific periodicals and / or newspapers along with the information gathered from the internet itself using its websites. The study manoeuvres at two levels:...
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...Improving Performance in the Workplace Effective Training: A Case Study from the Oil & Gas Industry 1. Provide a summary of the who, what, and why of the case. This is a case study of the Oil & Gas Industry (O&G) and the safety measures and evaluations they employ. Throughout this case study, it was determined that the main focus was the safety of the inexperienced workers (roughnecks and worms) and drivers of the rigs. Although everyone in the industry may require some sort of safety training, it seems plausible that those with less experience need more training as they begin a new “high-risk” job. O&G was not sufficiently annotating past injury cases to show the lack of safety within their organization. This required outside individuals to visit 40 plus oil rigs over a several year period to perform a question and answer rendition in order to collect imperative data of past, present and future safety programs, as well as annotate the processes which were emplaced at the various sites. Most of the safety information seemed to be passed via story boards. In other words, the experienced workers would tell stories about individuals within the company, which seems to be productive. Since the average person envelops and grasps the content better via stories, this proved to be the choice of the organization venue for their safety programs. 2. Was the organization ready for the training? Should management should have done more planning? When the headquarters decided to...
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...I am working with Bharat Petroleum Corporation Limited which is involved in Oil Refining and Marketing Business. BPCL is also making inroads in exploration i.e. upward integration. Oil and Gas being one of the strategic sectors from development as well as defense point of view and hence been largely controlled by the Indian government. Prior to independence only Multinational like Burma Shell, Caltex etc. were operating in India. Due to strategic importance M/s Indian Oil Corporation (IOC) for Oil refining and Marketing and Oil and Natural Gas Corporation (ONGC) for Oil exploration were established by the Government. Later on in 1976, based on the experience in Indo China war, MNCs closed their operation and Bharat Petroleum Corporation (BPC) was formed by nationalization of Burma Shell and Hindustan Petroleum Corporation (HPC) by nationalization of Caltex Esso were established by the Government. In 1990s Government of India started inviting private sector in Oil Refining and Marketing and as a result Reliance Industries and Essar Oil limited established large capacities of Oil refining and started creating marketing network. Major products in Oil marketing are: * Motor spirit (Petrol), HSD (Diesel) & SKO * LPG * Aviation * Industrial Products * Lubricant In 1992, Government of India decontrolled lubricant business which gave entry to lot of international players to establish themselves in Indian market giving a tough competition to state players like...
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...Pakistan Pvc Ltd. 4. Biafo Industries Ltd. 32. Sanofi-Aventis Pakistan Ltd. 5. Buxly Paints Ltd. 33. Sardar Chemical Industries Ltd. 6. Clariant Pakistan Ltd. 34. Searle Pakistan Ltd. 7. Colgate Palmolive Pakistan Ltd. 35. Searle Pakistan Ltd. 8. Data Agro Ltd. 36. Sitara Chemical Industries 9. Dawood Herclues Chemicals Ltd. 37. Sitara Peroxide Ltd. 10. Dewan Salman Fibre Ltd. 38. United Distributors Pakistan Ltd. 11. Dynea Pakistan Ltd. 39. Wah Noble Chemicals Ltd. 12. Engro Chemical Pakistan Ltd. 40. Wah Noble Chemicals Ltd. 13. Fauji Fertilizer Bin Qasim Ltd. 41. Wyeth Pakistan Ltd. 14. Fauji Fertilizer Company Ltd. 42. Zulfeqar Industries Ltd. 15. Ferozsons Laboratories Ltd. 16. FFC Jordan Fertilizer Company Ltd. 1. Attock Petroleum Ltd. 17. Gatron Industries Ltd. 2. Attock Refinery Ltd. 18. Glaxo Smith Kline Pakistan Ltd. 3. Byco Petroleum Pakistan Ltd. 19. Highnoon Laboratories Ltd. 4. National Refinery Ltd. 20. I. C. I. Pakistan Ltd. 5. 21. Ittehad Chemicals Ltd. Oil Companies Advisory Committee (Formerly Pakistan Petroleum) 6. Pak Arab Refinery Ltd. 22. Leiner Pak Gelatine Ltd. 7. Pakistan Oilfields Ltd. 23. Linde Pakistan Ltd. (Formerly BOC Pakistan) 8. Pakistan Petroleum Ltd. 24. Lotte Pakistan PTA Ltd. 9. Pakistan Refinery Ltd. 25. Mandviwalla Maser & Plastic Industries Ltd. 10. Pakistan State Oil (PSO) 26. Nimir Industrial Chemical Ltd. 11. Shell Gas Lpg (Pakistan) Ltd. 27. Nimir...
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...“FINANCIAL MANAGEMENT” FINAL PROJECT: INVESTMENT PORTFOLIO ANALYSIS SUBMITTED ON: 21.9.2014 SUBMITTED TO: Muhammed Ali Saeed SUBMITTED BY: Hira Saeed Amber Mirza Omer Khalid Yumna Fayyaz Maham Siddique Sidra Fawad Marium Zaman COMPANY INFORMATION FAUJI FERTILIZER COMPANY (FFC): Fauji Fertilizer Company Limited (FFC) is the largest chemical fertilizer producer of Pakistan with biggest market share in the country. It was established by the Fauji Fertilizer which holds a controlling interest. The company was listed on the Karachi Stock Exchange in 1991. Based on the exemplary dividends to the shareholders and other criteria of Karachi Stock Exchange, FFC has consistently remained in the list of top 25 best performing companies of Pakistan consecutively for 14 years since 1994. As a result of excellent performance over the years, the company's ranking in the Karachi Stock Exchange list of 25 companies improved from fifth position in 1995 to second in 1996, it was awarded the first position in 1997 and again second prize in 1998. As of 2007, the company is at the 5th position. DGK CEMENT (DGKC): DGKhan Cement Company Limited (DGKCC) was established under the management control of State Cement Corporation of Pakistan Limited (SCCP) in 1978 as private limited company. DGKCC started its commercial production...
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...Factors 23 SWOT ANALYSIS 24 Strengths 24 Weaknesses 24 Opportunities 25 Threats 25 REFERENCES 26 Synopsis of Development and Growth of Shell Pakistan Shell Pakistan’s History The Shell brand name enjoys a 100-year history in the subcontinent region, dating back to 1899 when Asiatic Petroleum, the far eastern marketing arm of two companies: Shell Transport Company and Royal Dutch Petroleum Company began importing kerosene oil from Azerbaijan into the subcontinent. The documented history of Royal Dutch Shell plc in Indo_Pakistan subcontinent dates back to 1903 when partnership was struck between The Shell Transport & Trading Company and the Royal Dutch Petroleum Company to supply petroleum to Asia. In 1928, to enhance their distribution capabilities, the marketing interest of Royal Dutch Shell plc and the Burmah Oil Company Limited in India were merged and Burmah Shell Oil Storage & Distribution Company of India was born. After the independence of Pakistan in 1947, the name was changed to the Burmah Shell Oil Distribution Company of Pakistan. In 1970, when 51% of the shareholding was transferred to Pakistani investors, the name of changed to Pakistan Burmah Shell (PBS) Limited. The Shell and the Burmah Groups retained the remaining 49% in equal proportions. In February of 1993, as economic liberalization began...
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