Petroleum industry

Drake McBride, who was the president of the company, decided to move start it in Florida, because there were too many drilling operations in Texas, so there was lots of competition. Since Drake McBride barely knew anything about the oil drilling industry, he hired Jimmy Lee Bayliss, a retired man who had experience from ExxonMobil who was to be the project manager for the Red Diamond Energy…

Depositional environment: The Depositional environment throughout the Cooper Basin formations is wholly non-marine, with the Patchawarra formation being a fluvial/deltaic depositional environment, with point-bar sandstones the most common reservoir type. Trap structures: Traps in the Cooper Basin are recognised as being structural e.g Anticlines, Stratigraphic e.g. facies change or a combination of these. Most traps in the Patchawarra formation are combination traps and lie somewhere between…

OB 354 Ethical Dilemma Case October 11, 2017 Mitchell Valla 1. What are the facts in the case? • John is a very accomplished seismologist who reports to the director of the research facility he works at • John has spent years developing a method for predicting major earthquakes that will hit the West Coast • The facility John works for is funded by government money and corporate interests • John has developed a technique that he believes is 80 percent accurate in predicting an…

BP and the Deepwater Horizon Disaster of 2010 Case Study Analysis o What lead to the Deepwater Horizon Disaster? The popular oil company known as BP publicly prided itself on the company’s commitment to safety and the environment; however, shifts in leadership roles giving individuals more power caused the company to choose a less costly and more time friendly method of securing the rig for the drillings. This method ultimtely came at a huge cost to the environment as the largest marine oil…

In comparing two companies that manufacture one of the most demanded products on the planet, Chevron and Exxon Mobil are the two companies are at the top of the oil and gas industry and are responsible for most of the gas and oil that is sold throughout the United States. Each company is highly profitable and are able to turn their product quickly and continue to supply the country with an almost endless supply of gasoline and oil. A breakdown of each company’s liquidity, solvency, and…

Section A: Introduction OAO Gazprom is one of the largest companies in the world and is the largest extractor of natural gas. Gazprom is based in Russia in 1989 when the Soviet Ministry of Gas Industry converted into a corporation. Gazprom is a global energy company and majors in lines such as geological exploration, production, transportation, storage, processing and sales of gas, and many others. Gazprom also holds the world’s largest natural gas reserves where they hold 14 and 74 percent of…

venture with Eni SpA. This South Stream pipeline would extend under the Black Sea to Bulgaria with a south fork to Italy and a north fork to Hungary. In 2013, Gazprom acquired Profmedia. In 2014, Gazprom took over 25% share of the International Petroleum Investment Company in the Austrian…

Macy Monnin Engineering Ethics Final Paper On April 20, 2010, an oil spill on the drilling rig Deepwater Horizon took place. To date, the oil spill is the largest in history, and was caused by a multitude of factors. In February 2009, British Petroleum (BP), proposed a plan to drill in the Macondo well to the Minerals Management Service (MMS). The Macondo well is off the coast of Louisiana, in the Gulf of Mexico (http://www.eoearth.org/view/article/161185/). BP was looking to expand their…

sister country South Africa. Nigeria has the largest population in Africa, and their land is blessed with an abundant amount of natural resources. Natural recourses like petroleum tin ore, and many other minerals. Nigeria is also Africa’s largest oil exporter and the sixth largest oil producing nation in the world. The oil and petroleum generate seventy percent of their government’s revenue. Little known fact they’re also the world’s second largest producer of movies right behind the United…

The BP horizon drilling accident is considered the biggest environmental disaster in US history, considered 10 times bigger than Exxon Valdez. Over a period of 86 days (from April to June), about 4.9million barrels of crude was pumped into the waters of the Gulf of Mexico. The impact of the spill is still being studied. During this period, 57.5 square miles of gulf waters were closed to fishing and other commercial activities. Just top put it in context, the estimated amount of oil spill is…