China Oil And Gas Group Limited

The oil and gas industry is a large Industry and contributes a critical role in driving the global economy (Sam’s et. al., 2006).The upstream section of the Industry is involved with the first stage of exploration and production, the midstream section involves the transportation of crude through pipelines, ships e.t.c to the refineries. The downstream is involved with refining and process of the oil and gas products. The distribution and marketing of crude is then done for end user consumption. For purpose of this report the analysis shall be on oil and gas operations with emphasis in the United Kingdom. According to (Oil and gas UK,

Mother Nature gave us natural resources to patronize and natural gas is one of them. Small quantities of ethane, propane, butane and pentane are found in the natural gas composition but it is mostly made up of methane. The high volume of pipeline gas makes it difficult for it to be transported in its gaseous form. This is the reason why the oil industry is dominating because of how easy it can be transported. Pipelines are suitable for transporting pipeline natural gas but constructing the suitable infrastructure is very expensive and not technically feasible for global transportation.1 In addition, for you to be able to make it in the gas industry you need trading partners to buy your natural gas. Having said that, one can deduce that the only way to make a

This report presents information regarding the industry, the primary operator of oil and gas field properties. The industry fuels its key buyers, the Natural Gas Distribution (22121) and the Petroleum Refining (32411) industries, with crude oil and natural gas. The industry continuously battles a shortage of available oil. In addition, many major oil fields have been in use for decades, slowly waning. Currently, the industry grosses among the most profitable in the US despite these and similar obstacles. The benefits of investing here

In 1859 Edwin Drake and E. B. Bowditch of the Seneca Oil Company drilled the first commercial oil well in the United States in Titusville, Pennsylvania. The well produces about 500 gallons of oil a day and over time has increased. Soon, similar wells all over western Pennsylvania were providing crude oil for kerosene production that was needed to fuel the nation 's streetlights and house lamps. “The lighter boiling component, gasoline, was discarded, since it had no market. There are historical reports that "waste" gasoline, which had been dumped into rivers, sometimes caught fire. In 1892 the first gasoline-powered engines, for both car and tractor, were developed: This soon provided a market for the once useless substance, gasoline”

Sinopec International Petroleum belongs to Sinopec Corp., which is one of the largest integrated energy and chemical companies in China. It business mainly covers oil and gas activities. It is China 's largest producer and supplier of refined oil products by annual volume processed and major petrochemical products and its second largest crude oil producer, following Petrochina. In 2007 it was ranked in

o Revenues minus expenses determined the cash flows for years 1984-1991. The cash flows cease in 1991 after all oil and gas reserves are liquidated. The cash flows derived account for the liquidation of the oil and gas assets only, and do not account for liquidating other assets such as current assets or net properties. The cash flows were then discounted by net present value using Gulf 's cost of capital as the discount rate. Total cash flows until

The world’s largest independent corporation for its production of crude oil and natural gas are to be known as the Canadian Natural Resources. It is an Energy Company that is situated in Calgary, Alberta. From the early 1980s, this company has developed from less than a 10 employees and a market capitalization of $1 billion to one employing 3700 employees with a market capitalization of $30 billion ranking number 251 on Forbes list in 2010. The emergence of rapid growth has come due to attainments and organic growths. Canadian Natural Resources (CNQ) is a large company that is operated across Western Canada, offshore West Africa and North Sea. This Energy Company deals with exploring many resources such as: mining, natural gas, oil Sands, production of crude oil and other related markets in the US, Canada and Europe. The biggest production offering nearly half of its all products is the natural gas.

In 1870 John D. Rockefeller started Standard Oil Co. and it quickly became the largest petroleum products company in the world. By 1890 Standard controlled 90 percent of refined oil in the United States and was sued by the state of Ohio for its anticompetitive practices. Standard Oil of Ohio which was its original name simply broke the company into 41 separate companies, and controlled them through the new Standard Oil Trust, legally known as Standard Oil Co. of New Jersey. Because there were no federal laws prohibiting anticompetitive behavior in business Standard Oil was able to avoid any serious repercussions from the government. Standard Oil achieved market dominance by undercutting the competition, arranging special deals with railroads, and aggressively buying out its competition. Between 1902 and 1904 the writer Ida Tarbell, the daughter of a failed oil businessman whose company went under because of Standard Oils practices, wrote a 19-part investigational report into the practices of Standard Oil. These articles led to the wide spread public outcry for the government to do something about Standard Oil and monopolies in all other industries. In 1911 Standard Oil was sued by the United States and the case reached the Supreme Court. Under the Sherman Act the government alleged Standard Oil was a monopoly and abused its monopolistic power to restrain trade through predatory pricing and unfair deals with railroad companies.

Fauquier Gas Company is one of the nation 's 440 gas companies. Fauquier served an area where land use was changing from agricultural to residential and commercial. The manager of supply management for the Fauquier Gas Company in the Carolinas is, Mr. Bill Murphy. Mr. Murphy is responsible for purchasing material used in all of Fauquier’s projects for gas distribution such as fitting, pipes and meters. Mr. Murphy found out in January that Fauquier has a big project to meet the increased demand for gas that is scheduled to be complete by September. Mr. Murphy is concerned about being able to find a supplier who could deliver the request of 3 ½ miles of large-diameter pipe for a new residential and commercial development by construction time of June. Mr. Murphy needs the approved purchase request immediately so he can contact mills and get quotations on prices and delivery dates. He needs to acquire 3.5 miles worth of large diameter pipe for the residential and commercial development. The mills schedules for pipe production require a substantial lead-time. Mr. Murphy is also concerned that the mills would not be able to accommodate Fauquier 's schedule. Both the design and construction organizations are who develop and approve the purchase request; both sections are under the management control of the vice president of operations. Mr. Wilson informed Mr. Murphy that the request would be for ¾ inch wall thickness and 57 feet instead of the normal request of ¾

To this day Anadarko Petroleum Corporation is one of the largest independent oil and natural gas company in the United States. The locations of the drilling facilities are in Delaware basin; Wyoming; Alberta, Canada; and the Gulf of Mexico. Although the company has strong residencies overseas the total wealth over all is well above 2.3 billion barrels of oil and equivalents. The beginning of this mega oil and gas corporation began in 1959 as a subsidiary of Panhandle Eastern Pipe Line Company. At this time under the FPC pipeline jurisdiction law, lower pricing on gas produced from properties owned by pipelines was less sufficient than independent companies who own and produced on private properties. From this restriction the Panhandle Eastern

ConocoPhillips announced a strategic alliance with Tyson Foods to find the next renewable diesel fuel by producing fat from beef, pork and poultry. In 2008, ConocoPhillips and Origin Energy created a joint venture to focuses on Australasian natural gas business like Liquefied natural gas (LNG) and coal bed methane. ConocoPhillips also plans to invest $600 million in Alaska Gas Pipeline, which accepts about four billion cubic feet of natural gas per day to markets. In the following year ConocoPhillips and Anadarko Petroleum Corporation discover and test production of two wells of petroleum reserves in Alaska. In 2010 “ConocoPhillips and General Electric open a global water sustainability center in Qatar to examine ways of treating and recycling byproduct water from oil and gas production and refining operations, as well as other projects related to industrial and municipal water sustainability.”(WhoWeAre) And in 2011 the company split into stand along corporations, ConocoPhillips and Phillips

Within no doubt that oil and gas are the most vital components of our daily life, this industry is currently experiencing its transformative periods. There are a lot of changes that would bring both opportunity and threat to oil and gas industry in the future. The oil and gas market showed a not optimistic trend during the past year, according to England (2015), during 2015, the overall cash flow keep diminishing and the situation also become weaker than before. The main competitors of Exxon Mobil Corporation are Royal Dutch Shell, Chevron Corporation and BP.

Most of the natural gas transportation in the USA is done through 305,000 miles of transmission pipelines. Existing LNG degasification facilities allow for limited international trade of LNG (Table 2). Due to free market pricing when natural gas cost less in summer period, gas-storing facilities are widespread over the country including more than 400 underground storages and 113 LNG peaking facilities (EIA, 2008).

Now a days everything seems to be changing at a rapid rate from the seasons to gas prices. Many of the changes we are used to today, took a long time to become what they are now. For example, Exxon Mobil Corporation, also known as, Exxon Mobil, is an American multinational oil and gas corporation headquartered in Irving, Texas, United States. Exon Mobil is an industry leader in almost every aspect of the energy and petrochemical business, they operate facilities or market products in most of the world’s countries and explore for oil and natural gas on six continents. Worldwide, ExxonMobil markets fuels and lubricants under three brands: Exxon, Esso, and Mobil.

Dixon is raising debt capital by issuing long3 and short term bonds; an interest rate of