The region measures 700,000 square km in geographical areas and found in the Southern-most part of Nigeria (Alawode and Ogunleye, 2011:1). These oil-bearing States are mainly ethnic minority groups in Nigeria. Most of Nigeria’s oil reserves are in the region. Nigeria has over 60% oil fields in the Niger Delta region. The country also has a proven reserve of 36 billion barrels of oil; it produces over 2.5 million barrels per day, making it a major source for heavy consumers like the United States and European Union (Kalejaye,
The eco interest of the industrial nations of the world lies in exploiting raw materials and oil in addition to hugely profitable fishing industries in the Indian Ocean. The Indian Ocean today serves particularly heavy traffic of petroleum and petroleum products from the oilfields of the Persian Gulf and Indonesia. The region holds 50% of offshore oil reserves and 31% of natural gas . Crude oil production among the gulf countries constitutes over sixty percent of the total production of OPEC. Saudi Arabia, with 165 bn barrels of proven oil reserves, is the biggest producer in the Gulf.
Its headquarter is in Mumbai, Maharashtra and engages in the manufacture, production and sale of iron and steel. Its growth strategy included acquisition of various global steel businesses such as NatSteel in 2004, Millennium Steel in 2005 and Corus in 2007. The acquisition made Tata Steel world's 8th largest producer of Steel (with an approx.. production of 24,400,000 MT of crude steel) in the world . The three major segments of companies operation includes Steel, Ferro Alloys & minerals and Other. It has also been awarded the ‘2015 World’s Most Ethical Company’ under the metals category by the Ethisphere
The following two years the NASDAQ index had fallen 4900 points to 1200 points. A 75% decrease in value. One of the main reasons for the burst was dot com companies not being able to make profit and going bankrupt. Dot com companies were often invested in even before investors enquired about the business plan. Irrational investors were so blind from the euphoria sweeping the nation from frequency of the dot com companies emerging.
Technical risk Anon, (2015) states that Eskom began power cuts today due to problems at its power stations. “The power system is violently obligatory due to unforeseen technical problems at power stations, as a result Eskom had to go into stage one of load shedding”. Stage one allows for up to 1000MW of the national load to be shed, stage two for up to 2000MW, and stage three for up to 4000MW. Technology (systems)
The amount of oil that has been found by the CASOC was considered the “largest source of crude oil in the world”. Owing the fact of the oil found, Saudi Arabia now owns one quarter of the world oil reserves and 11% of the world’s current oil production.
Chevron 's alternative energy operations include geothermal, solar, wind, biofuel, fuel cells, and hydrogen, Chevron 's downstream operations manufacture and sell products such as fuels, lubricants, additives and petrochemicals. The company 's most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. In 2010, Chevron, the second-largest oil company in U.S is the third most unethical company, according to a Swiss research company. Chevron like many other unethical companies have tried to cover their tracks, have hired lawyers, and try to sneak passes the law. Chevron company has practiced the following unethical behaviors in there company Over the years of 1964 to 1990 Chevron has dumped over 18 billion gallons of toxic waste into the Amazon Rainforest.
Introduction BHEL is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector, today. BHEL was established more than 40 years ago, ushering in the indigenous Heavy Electrical Equipment industry in India - a dream that has been more than realized with a well-recognized track record of performance. The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77. BHEL caters to the core sectors of the Indian Economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defence.
INTRODUCTION OF ATTOCK PETROLEUM PAKISTAN Attock Petroleum is the segment of Attock Group of Companies, which is fully integrated oil and gas companies, contributing in all branches of oil and gas fields from exploration to production, refining to marketing and petroleum logistic of all product of oil and gas all over the Pakistan, it established in February 1998 and its headquarter in Islamabad .It provides Commercial and Industrial Fuels, petroleum products, lubricants and services Products and Services of Attock Petroleum Pakistan • Retail Network • Commercial ( All type of fuels ) • Lubricants ( commercial and industrial) • Industrial products Attock believe and full fill their responsibilities to contribute in nation’s economy and development
At present Nigeria is the 13th oil producer and 5th largest exporter. The oil sector has played a pivotal and almost exclusive role in the economy, causing Nigeria to be subject to the volatile revenues of this sector. The dependence of the country by oil revenues started in the mid of 1960s when the then Prime Minister Balewa started considering the potential impact of oil revenue on the balance of payments. In 1970s the country was suddenly awash with money arising from the impressive increase of oil price in the world market. and oil gained ascendancy over all other commodities as the largest contributor to the country GDP, and as a major foreign exchange earner taking the place of crops.