BP has a refining capacity of 1.7 million barrels per day. BP is practicing a strategy of cost reduction in order to grow. To meet its targets BP has made more than $38 billion of disinvestments during the past few years and has started over 50 major low cost projects that give the company long term production clarity. Shell, however, committed itself to $15bn of disinvestments during the next few years in an attempt to reduce its portfolio. Additionally, Shell has promised to turn around the fortunes of its North American business
Enron also introduces itself in the water sector with the company name azurix which later on floats in the NYSE. Azurix failed to become successful in the water sector. Enron was the second largest company in power sector of U.S. but in Oct, 2001 this company was filed as bankrupt. Reason for Bankrupt: Enron Corporation performs well in the U.S and its stock price was also very high as compare to other companies in energy sector. But due to some frauds this company can be filed as bankrupt in Oct, 2001.
Sun Pharma had already invested $105 million over the three years from the date of merger to acquire 36% stake. If there was no catch in the deal, Sun Pharma would have paid $230 million at $7.75 per share, a 27% premium to Taro Pharma’s closing price of $6.10 in 2007. Sun Pharma had also agreed to take on Taro’s debt of $224 million. This just highlights the time and the complexities involved in merger- acquisition transaction to actually be a
The dramatic increase made ethanol so expensive that those who had been using it as a lighting fuel during the early 1840s were forced to switch to kerosene and methanol instead (“The History of Ethanol in America”). In 1896 Henry Ford, who built his first automobile, the quadricycle, to run on pure ethanol, referred to the alcohol as “the fuel of the future,” to which he added, “There is enough alcohol in one year's yield of an acre of potatoes to drive the machinery necessary to cultivate the fields for 100 years" (“Henry Ford”). When the tax was repealed over fifty years later, ethanol became an alternative to motor fuel (“Energy Timelines”). During the early 1900s, Ford engineered the first flex-fuel vehicle, the Model T, to run on both gas and ethanol (“Energy Timelines”).
The transportation of petroleum represents one of the most strategically flow of resources in the global economy. International seaborne trade of 2013 accounted to 9,548 millions out of which 2,844 Millions (29.8%) tons loaded represents the Tanker trade (crude oil, petroleum product and gas). Oil is a vital source of energy for the world and will likely remain so for many decades to come. Despite the recent development and the growth of alternative energy sources (Sun-Wind-Solar) oil will remain the dominant commodity for energy for the years to come. Most countries are significantly affected by developments in the oil market, either as producers, consumers, or both.
PETRONAS is the largest contributor to the Malaysian government budget, accounting for 39.9% of the federal government’s revenue in 2008, up from 36.4% in 2007.Malaysian government has been subsidizing the local fuel prices since 2004 with the financial help of PETRONAS which is different from other countries whose followed the exact fuel prices regulated by the global market price of gasoline. During the a conference around June 2013, a PETRONAS official said that the company is planning to build two liquefaction plants on Lelu Island near Price Rupert’s port on the B.C. coast which requires them to invest between $9 billion and $11 billion. Plus, another $5billion in a 750 kilometre gas pipeline. This leads the company to spend an additional cost between $14 billion
Introduction Kuwait is the symbol of an oil country. Nearly one-tenth of the world's known oil reserves are in the country, and they are expected to last at least another 100 years. Since World War II, Kuwait has undergone a dramatic evolution from a poor desert country with pearl fishing as their main source of income for one of the world's richest countries. The economy is totally dominated by the oil; its accounted for the entire 95 percent of revenues to the treasury. Facts – Economy of the industry GDP per person - USD 39 735 (2013) Total GDP - million U.S. dollars 183,243 (2012) GDP growth - 5.1 percent (2012) Agriculture's share of GDP - 0.5 percent (2003) The industry's share of GDP - 51.0 percent (2003) Service sector's share of GDP - 48.5 percent (2003) Inflation - 3.1 percent (2013) Budget deficit (or of the surplus) to GDP - 18.7 percent (2009) Reserve assets - millions of U.S. dollars 23 028 (2009) Foreign trade Kuwait has a relatively open economic system with low tariffs and free movement of goods, capital and labor.
ONGC is India’s largest oil producer, accounting for about 69% of the domestic production in 2012 according to the company’s annual report. The Indian government has been giving subsidy on LPG cylinders in the lieu of promotion of use of these sources as fuel instead of the conventional sources such as coal, firewood, ect. Domestic LPG is subsidized. Even though domestic LPG cost price is directly related to international prices, oil marketing companies were selling at the government decided issue price. Government was then compensating them for selling LPG below the
Unfortunately, the Prince is known for his cruelty, corruption and lack of respect towards women and various efforts made to alter his image have been unsuccessful. This has resulted in conflicts within the kingdom and created an air of uncertainty as to who would be an appropriate successor to the throne. The second in line to the throne after the prince is the daughter of King Bhumibol, Princess Sirindhorn. She is popular among the people of Thailand and is known for her expertise in Information Technology. The problem in the monarchy’s rule in Thailand began when the democratically elected and popular government of Thaksin Shinawatra was overthrown in a military coup in 2008.
The productivity of said production/collection of crude oil can be increased if L.P.G Plant was installed at Neshpa in due course of time. http://punctiliouspakistani.blogspot.com/2014/04/ogdcl-scam.html • Human Resource division of OGDCL unable to cope up the authentication of degrees of their employees. www.dawn.com/news/1183098 (MAY 2015 DAWN NEWS) • Oil and Gas Development Company Limited (OGDCL) failure to install Liquefied Petroleum Gas (LPG) plants at three major oil/gas fields namely Nashpa, Sinjhoro and Kunnar Pasaki Deep, the country is facing a financial loss of Rs16.6 billion per annum http://www.brecorder.com/top-stories/0:/1171223:rs-166-billion-lost-per-year:-ogdcl-fails-to-install-lpg-plants-at-three-major-fields?date=2015-04-10 • The lesser production of gas of Qadirpur Plant can be increased in case the old compressors are replaced with new ones but this is not being done deliberately in order to safeguard the interest of other companies in competition. http://punctiliouspakistani.blogspot.com/2014/04/ogdcl-scam.html • Dependence on Domestic market for growth and Under Performance of Oil and Gas fields means limited market share.