An Analysis of BP’s Difficulties, “Signature Processes” & Performance BP is the multinational holding company and one of the world’s major petroleum and petrochemical groups. BP’s primary activities include: exploration and production of crude oil and natural gas; refining, marketing and transportation; and manufacturing and sales of petrochemicals. In 1908, William D’Arcy and George Reynolds struck oil in Persia and established the Anglo-Persian Oil Company (APOC). In 1935 APOC was renamed…
Team Exxon conducted an in depth SWOT analysis of ExxonMobil (XOM or “the company”) to provide a recommendation to help further company profits. The team reviewed all aspects within the corporation by analyzing their strengths and weaknesses as well as analyzing outside variables such as: opportunities and threats. ExxonMobil is the strongest standing Gas and Oil Company. The corporation has grown to become one of the highest-ranking within the industry. XOM has proven to value research &…
Academic Analysis: “Natural Gas Fracking Addresses All of Our Major Problems” In his essay, “Natural Gas Fracking Addresses All of our Major Problems,” Richard Pierce argues that drilling for natural gas by using horizontal drilling and fracturing of shale formations will solve many of our nation’s issues. He cites that our abundant supply of natural gas has the ability to improve our economy, the environment, and geopolitical conditions as well provide a constant, dependable, global energy…
4.2.4 Effect of Feed flow rate (Fgr) on Product Distribution An increase in the flow of gas oil means an increase in the velocity of the gas oil feed, also a decrease in the residence time of the gas oil in the riser; hence a rise in the conversion of gas oil and yields of the products is expected(Akpa et al. 2010). When the flow rate of gas oil is increased, there is an increase in the heat inflow into the reactor, rate of cracking reactions are high, feed also spends less time in the reactor…
6.1 Legal clauses The PSC provides an elaborate mechanism for the control and supervision of of the activities relating to the exploration, discovery, development and production of crude oil/natural gas and associated hydrocarbons from the relevant field. It distributes title over the crude oil/natural gas and associated hydrocarbons between the government and each of the consortium members. The various clauses are being described below under various sub heads. 6.1.1 Rights granted by PSC The…
Mineral resources is a concentration of naturally occurring solid, liquid, or gaseous material in or on the earth’s crust that can be extracted and processed into useful materials at an affordable cost. Mineral resources are essential to support sustainable economic growth and our quality of life. Therefore, it is important to have sufficient supply of materials to provide for infrastructure, buildings, energy and goods. However, since mineral resources are nonrenewable natural resource, and…
Nuclear power, is it the best way to approach our increasing demand for energy? This is a great way to generate power, but some may argue the cost for a power plant can be avoided by creating cheaper renewable energy sources. Reactors are now currently being worldwide in countries including Russia, Japan, China, United States, India and many more. Coal was and still is the worlds leading energy source, and must be stopped or it will continue to destroy the environment and cause many more health…
Unocal Oil Company of California (Unocal) was founded in 1890, and has developed into a full service oil business in 1990’s. The services include extraction, refining, distribution, marketing, and retail. In the United States most of the oil fields were almost depleted, so Unocal turned to foreign investments focusing on presenting the fact that they had expertise in all aspects of oil and gas production to the governments. “One of the international projects that attracted the company’s…
Energy is one of the most fundamental thing in all kind of life on earth. It allows people to travel across the globe, it provides electricity to our homes, it is critical to almost all the basic human activities. This fact makes the energy sector one of the most important sectors that gives input to many other sectors (Bozkurt, 2010). As a matter of fact, electricity changes the way people live and see the world and without it everything would be different. Apart from that, economical…
Introduction: Energy is an important factor for development of country’s economy and for most part this energy is produced from non-renewable sources. For transforming from conventional to green energy some strategies and policies have to be implemented, proper framework must be employed such that the existing constraints and barriers for renewable energy technologies are reduced. It is necessary to create conditions for increased investments in a transition to green economy. Pursuing clean…