Overview Of Thailand Petroleum Industry Essay

A good and successful article is an article that is logically organized and does not disrupt the flow of thought and content that is provided in the piece of work as well as a good writing style which keeps the reader engaged throughout their read. The author Andrew Nikiforuk has created a nice and logical structure within his article. He starts by stating how Europeans felt towards Canada before and continues by explaining what has changed their stance towards Canada. He then leads on by describing oil and the specifics of the oil Canada is refining while noting its problems along the way while recounting how Canada changed, explaining why those changes transpired. Towards the end

The major products produced by a refinery are, Kerosene, Premium Motor Spirit (“PMS” - Gasoline), Automotive Gas Oil (Diesel), Fuel Oils, Liquefied Petroleum Gas (LPG),

Energy, especially from fossil fuels, is a key ingredient for all sectors of a modern economy and plays a fundamental role in improving the quality of life in less developed economies. In 2007, India is ranked fifth in the world in terms of energy demand; accounting for 3.6% of total energy consumed, and is expected to grow at 4.8% in the future. India imports 70% of the oil it uses, and the country has been hit

Oil and gas have been the world’s commercial energy sources in recent century and it still remain this important role in the 21st century. As industrial productions have grown by approximately 50 times during the 20th century, this led to tremendous increasing of the energy consumption. Presently, oil and gas account for almost 40 per cent of the world energy sources because they are unique commodities and easy to transport in many areas with low costs. The advances of technologies make petroleum become cleaner, safer and more efficient energy. Consequently, oil and gas could meet more strictly environmental regulations and comply with the widely demands of sustainable development. However, petroleum is a scarce resource and the demands of energy consumption will be increased. Humans try to improve recovery rates by enhancing technology and developing infrastructure for better accessibility. Presently, the volatility and high prices of oil market have been a significant cause for concerning among many countries. Even the increasing price trend in recent year, the market has still remained

Known as the world capital of the oil and gas industry, Houston is known as the leading international center for virtually every segment of the energy industry. Being one of the biggest contributing factors to Houston’s economy, the oil industry plays a big role in how prices throughout the city pile up. However, after the oil industries recent bust, the economic aspect of Houstonians has also been affected. While some Houstonians are affected negatively, some others are affected positively. From job losses, to having access to lower gas prices, everyone in Houston has been affected one way or the other. The downturn of the oil industry has had an economic impact on the daily lives of Houstonians.

An interesting point, is the one concerning United States dependence on foreign oil supply. The way of life in America would undoubtedly be changed if the policy regarding foreign trade was removed. The everyday excursion and the adventure of domestic travel would be greatly restricted or eliminated outright. Americans are accustomed to the immediate gratification of today’s consumer environment. Next day shipments would, perhaps, become obsolete. The oil industry greatly influences the transportation and shipping industries of today. Without the supply of oil, these industries would be crippled just as the individual American’s ability to freely explore locally or

The Standard Oil Company of California(Socal) is trying to determine how much to bid on the Gulf Oil Corporation. George Keller, the CEO of Socal, would need to borrow 14 billion dollars in order to make a substantial bid. While banks are willing to lend the money because of Socal's low to debt ratio, the loan would put the company in a highly leveraged position. In order to alleviate that debt, some of Gulf's assets could be sold. Keller has to consider the value of Gulf's exploration and development program when calculating future returns. Two billion dollars were being spent on the exploration and development program. This money could instead be used to reduce the debt if Socal acquired the company. However, the exploration program

The image as well as the operational business reputation of a corporation is critical to the survivability of the corporation in today’s business world. This reputation is even more critical when a business has is known globally with holdings and operations around the world. Such is the case with British Petroleum (BP) as it actively explores for oil in 26 countries around the world. BP is renowned as an industry leader in oil production and the refinement of oil related products such as gasoline, kerosene and motor oil products. In 1999, BP acquired American

In the 21st century three leading producers of oil; United States with 13.7 million barrels per day, Saudi Arabia with 11.9 million barrels per day, and Russia is extracting 11 million barrels of oil per day in 2015. At the moment 50% of United State’s domestic consumption is met by the oil it produces while the other 50% must come from foreign oil to meet demands. The U.S. imports almost as much oil as we produce. Saudi Arabia is the world leading exporter of oil and heads OPEC (Organization of the Petroleum Exporting Countries). It is the world’s most powerful group because it controls 80% of the world’s oil and therefore is extremely influential in country’s economic system. The policies developed by OPEC directly affect the production of oil globally. It was formed at the Baghdad Conference in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Venezuela alone harbors 20% of the world’s oil. As OPEC memberships of countries were suspended other countries joined. Today, 13 member countries: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. These countries bare the unalienable right to manage their natural resources in the interest of their progress as a nation under the “Declaratory Statement of Petroleum Policy in Member Countries” adopted by OPEC in 1968. OPEC aims to “co-ordinate and unify petroleum policies among Member Countries, in order to secure

Don’t worry about replacing that luggage just yet! Air transportation will end in the near

China is the world 's second-largest consumer of oil and the largest net importer of oil in 2014. China holds 24.4 billion barrels of proven oil reserves, the highest in the Asia-Pacific region. China 's total oil and liquids production, the fourth largest in the world, has risen by about 54% over the past two decades and serves only its domestic market. Oil sector has long been under state direct and dominated by national oil companies. The market is highly controlled by the government and oil price barely reveals the real costs of oil.

The oil industry can not be discussed without mentioning the name John D. Rockefeller. Rockefeller changed the business of oil distribution. In the 19th century Rockefeller began his humble beginnings with a small investment, along with two other partners, in the oil refining business. Eventually Rockefeller upset at the direction of the company bought out his partners. He was now buying into refining and developing kerosene and other petroleum-based products. He later named this company The Standard Oil Company which by 1872 nearly owned all the oil refineries in Cleveland. In 1882, Rockefeller took all his holdings and merged them into the Standard Oil Trust. Through smart business

The oil and gas industries involve a high amount of documentation for both transportation as well as extraction and field services. Activities are highly regulated, and subject to oversight from Federal Energy Regulatory Commission (FERC), the Department of Transportation (DoT), the Environmental Protection Agency (EPA), and the Department of the Interior (DoI). That said, the process of regulation is trending toward a more digitized system, with organizations like FERC having their own submission portals that implement a “fill-in-the-blank” platform to complete forms. However, not all forms have yet been converted to digital submission even in agencies with online portals, and other agencies still remain reliant on

Petroleum engineers design and develop methods for extracting oil and gas from deposits below the earth’s surface. Petroleum engineers also find new ways to extract oil and gas from older wells. Typical duties of petroleum engineers are: design equipment to extract oil and gas in the most profitable way, develop ways to inject water, chemicals, gases, or steam into an oil reserve to force out more of the oil, develop plans to drill in oil and gas fields, and then to recover the oil and gas, make sure that wells, well testing, and well surveys are completed and evaluated, use computer-controlled drilling or fracturing to connect a larger area of an oil and gas deposit

The refining industry is a massive global industry that brings in billions of dollars every year. Millions of Americans use gasoline and petroleum products in their daily lives but rarely give much thought to how these fuels get refined, or which states or nations do the majority of the reining. Even fewer people give thought to the impact that the lack of refineries has on oil-producing states, and/or oil-rich nations. This research paper examines the current status of the refining industry, the domestic and global locations of oil refineries, the impact of the aging domestic refineries, as well as considering if/where the U.S. should build new refineries to keep up with the growing demand. An analytical look into the status of the refining industry reveals that this billion dollar industry is relying on aging refineries, why refineries are located where they are and the impact that not having a refinery has on both oil-producing states (in America) and on oil-rich nations around the globe.