...Troy Rock Florida Institute of Technology Research Paper Supply Chain Process in the Oil and Gas Industry. MGT 5069 June 18, 2016 Introduction The definition of supply chain management, it is described as being the set of processes in a firm that are implemented to maximum customer satisfaction while operating at a lowest cost possible to achieve maximum profits. In the oil and gas industry supply-chain, the profitability of a firm is hinged upon its upstream suppliers and its downstream distributors as various forms of raw materials such as oil, fossil fuels, equipment, resources, finances, and information flow through from the top-tier parties all the way down to the customer. The customer is not only the average member of the public that is pumping fuel into their vehicle, but it can be airline companies, cruise-ships, plastic item manufacturers, independent gas stations, etc. Regardless of who is the end-user customer of the oil and gas firm, processes must be put in place to ensure that the supply chain surplus is maintained for all links in the supply chain, from the upstream drillers, down to the points of purchase for the consumer. Currently the price of oil has sharply dropped in the year 2015 and 2016 due to an overabundance of supply, and though a fear of scarcity was once a concern, that is not the case now. The main objective the oil and gas firms face are delivering the abundance of raw materials, going through the various production operations...
Words: 4204 - Pages: 17
...McDonald’s for failing to reduce the amount of trans fat the company used in its cooking process. In 2002, McDonald’s had publicly announced that, by February 2003, they would voluntarily begin using an “improved cooking oil” to prepare their fried foods. Do so would significantly reduce the amount of trans fat in their products by 48% ("Mcdonald's exposed for," 2004). McDonald’s withdrew their promise and did not switch over to a cooking oil with less trans fat, nor did they reveal to consumers that the conversion did not take place. The company claims that they changed their minds when customers began complaining that they did not want the taste of McDonald’s food to change (Horovitz, 2007). BTF accused McDonald’s of false advertising, deceiving consumers, and not taking the health of their consumers into consideration. In their lawsuit, BTF claimed that “McDonald's failed to make clear to customers that the type of oil used to fry its foods (which contains TFAs) had not been changed” ("Responsible shopper," 2005). BTF did not seek monetary damages, they only asked that McDonald’s publicize their failure to switch over to the healthier cooking oil and make that conversion as soon as possible. McDonald’s claimed that it was taking longer than expected to change to a new oil, but they were working on implementing the exchange. They did not provide any information as to how long they expected this to take. The company’s Chief Operating Officer stated that, "While speedy implementation...
Words: 411 - Pages: 2
...Organic oils Organic oils are produced in remarkable diversity by plants, animals, and other organisms through natural metabolic processes. Lipid is the scientific term for the fatty acids, steroids and similar chemicals often found in the oils produced by living things, while oil refers to an overall mixture of chemicals. Organic oils may also contain chemicals other than lipids, including proteins, waxes and alkaloids. Lipids can be classified by the way that they are made by an organism, their chemical structure and their limited solubility in water compared to oils. They have a high carbon and hydrogen content and are considerably lacking in oxygen compared to other organic compounds and minerals; they tend to be relatively nonpolar molecules, but may include both polar and nonpolar regions as in the case of phospholipids and steroids.[6] Mineral oils Crude oil, or petroleum, and its refined components, collectively termed petrochemicals, are crucial resources in the modern economy. Crude oil originates from ancient fossilized organic materials, such as zooplankton and algae, which geochemical processes convert into oil.[7] The name is a misnomer, in that minerals are not the source of the oil - ancient plants and animals are. Mineral oil is organic. However, it is classified as "mineral oil" instead of as "organic oil" because its organic origin is remote (and was unknown at the time of its discovery), and because it is obtained in the vicinity of rocks, underground...
Words: 252 - Pages: 2
...Anything NOT on the list is forbidden ... for now: Shellfish: Prawns are allowed during the attack phase 1 Lean beef and veal or rabbit, not pork or lamb (trim all fat and avoid ribs as too fatty). Eat meat grilled, roasted or boiled and without using butter, oil or cream (not even low-fat versions). You could also 'dry fry' it - rub the surface of a frying pan with a few drops of oil on kitchen paper. Lean minced beef can be prepared as burgers or meatballs (mixed with an egg, spices, capers or gherkins) or enjoy frozen beefburgers (if less than 10 per cent fat). 2 All chicken and turkey (not goose or farmed duck) but remove skin before eating and avoid the outside part of the wings (too fatty). 3 Ham if low-fat and lean, also cut rind off. Avoid deli, cured, and smoked hams (too fatty). 4 Beef, veal or chicken liver. 5 All fish white or oily, fresh, frozen, dried, smoked or canned (but not in oil or in any sauce containing fat), even crab sticks. 6 All crustaceans and shellfish. 7 Up to two eggs a day. Stick to 3 to 4 yolks per week if you have high cholesterol, but the white can be eaten without restriction. 8 Non-fat dairy products such as 0per cent yoghurt, fromage frais, quark, cottage cheese, and skimmed milk. Natural ( plain) and flavoured yoghurts (coconut, vanilla, lemon) are allowed without restriction, but non-fat fruit yoghurts (containing fruit puree) should be limited to two a day (or avoided if you want a lightning start to your attack phase)...
Words: 435 - Pages: 2
...improve concentration and mental sharpness. Alan Hirsch MD studied peppermint's ability to directly affect the brain's satiety center, which triggers a sensation of fullness after meals. This powerful essential oil is often diluted before topical application. Peppermint may also be used to enhance the flavor of food and water. Peppermint has an approximate ORAC of 373,455 (TE/L). TE/L is expressed as micromole Trolox equivalent per liter. [pic] EarthKosher Certified How to Use For dietary, aromatic, or topical use. When using as a supplement, dilute one drop in 4 fl. oz. of liquid such as goat's or rice milk. Possible skin sensitivity. If pregnant or under a doctor's care, consult your physician. Dilution recommended for both topical and internal use. Do not apply neat to a fresh wound or burn. Dilute before using on sensitive areas such as the face, neck, genital area, etc. Keep out of reach of children. Avoid using on infants and very small children. Product Tips • Add a drop of peppermint essential oil to herbal tea to help aid normal digestion. • Massage several drops of peppermint essential oil on the abdomen, place a drop on wrists, or inhale to soothe the minor stomach discomfort associated with travel. • Rub one drop of peppermint essential oil on the temples, forehead, over the sinuses (careful to avoid contact with your eyes), and on the back of the neck to relieve...
Words: 418 - Pages: 2
...given substance. Density can be expressed using the equation: ρ=mv Specific Gravity is the measure of the measure of density relative to the density of a reference substance. (ex. Water) In can be expressed using the equation: S.G. =ρ sub.ρ water=m ofsusbtancev of substancem of waterv of water If, Vsub=Vwater then, S.G. =MsubMwater 2. If 54.96 mL of oil weighs 52.78g, what is its specific gravity? Given: Voil = 54.96 mL Moil = 52.78 g Formula: ρ=mv S.G. =ρ sub.ρ water Solution: Voil = 52.78 g54.96 mL = 0.9603 gml S.G. =0.9603gml1gml = 0.9603 3. A pycnometer weighs 50.00g. When filled with water, it weighs 100.00g. When filled with oil, it weighs 94.00g. Determine the specific gravity of the oil. Given: mpycnomter = 50.00g mpycnometer + water = 100.00g mpycnometer + oil = 94.00g Formula: mwater = mpycnometer + water - mpycnometer moil = mpycnometer + oil - mpycnometer Since Voil = Vwater then; S.G. = MoilMwater Solution: mwater = 100.00g – 50.00g = 50.00g moil = 94.00g – 50.00g = 44.00g S.G. of oil = 44.00g50.00g = 0.88 4. An insoluble powder weighs 12.00g. A pycnometer, weighing 21.00g when empty, weighs 121.00g when filled with water. When the powder is introduced into the empties pycnometer, and the pycnometer is filled with water, the three together weighs 130.00g. What is the specific gravity of the powder? Given: mpowder = 12.00g mpycnometer = 21.00g =...
Words: 481 - Pages: 2
...Suggested Title: Microdermabrasion: Skin peeling at its best and most effective! Suggested Title: How does microdermabrasion help to erase acne scars? Suggested Title: Will Microdermabrasion be the right treatment for your acne scars? Also known as diamond and lunchtime peel, microdermabrasion is a popular treatment for tackling mild to moderate acne scars and skin issues such as fine lines and hyper pigmentation. Not to be confused with its more invasive counterpart, dermabrasion, micro-peel only removes superficial dermal layers. So, although the results are surprisingly good, there is very little down time. Another factor to consider is that because of the limited inflammation that results from the skin peeling, microdermabrasion can easily be coupled with other form of acne control and scar removal treatments such as light therapy and microneedling. Yet, most people wonder if stripping a few microns worth of skin layers will actually help to get rid of acne scars. So, here is a look at the benefits and effects of this procedure. How does Microdermabrasion Work? There are scores of topical products in the market that boast of natural and artificial exfoliating agents. These contain tiny particles that provide an abrasive effect when you rub the cleanser into your skin. However, even at their most effective, these exfoliators only remove the dead cells on the surface. In contrast, microdermabrasion involves machine assisted exfoliation. The core principle is the same; an...
Words: 1065 - Pages: 5
...Project Profile |Product | |Herbal Hair Oil | | Product code | |314601007 | | | |IS: 7123:1993 | |Quality Standard | |IS: 7123:1993 | | | | | | | | | | | | | | Production Capacity (Per Annum) | | | | Quantity | |59.70 MT | |. Value...
Words: 1185 - Pages: 5
...dōTERRA is a company that sells certified pure therapeutic grade (CPTG) essential oils. These oils are used for healing, losing weight, lifting your mood, and many other purposes as well. They are made from the seeds, stems, roots, flowers, bark, and other parts of plants. They are produced to provide the most beneficial, all natural healthcare available today. There is one particular essential oil that I want to focus on. This oil is called Deep Blue. It is used for healing achy muscles, arthritis, headaches, and sore joints. It also comes in a lotion rub form that is very easy to apply to the area when needed. Deep Blue Rub is in a squeeze bottle that was made so that it doesn't take much effort to use. Anyone can easily open the lid and use this wonderful product. Deep Blue Rub is made out of the purest ingredients to be the most beneficial to those who suffer from pain or inflammation in muscles and joints. It is made from the essential oils: Wintergreen, Camphor, Peppermint, Blue Tansy, German Chamomile, Helichrysum, and Osmanthus (a flower located in China). I have used Deep Blue many times before. When I got injured and strained my muscle, I applied it to the area, and immediately felt relief. Not only did Deep Blue take the pain away, but it helped heal my strained muscle faster than it would have on its own. I have also suffered from knee injuries that caused me severe pain, inflammation, and swelling. I used Deep Blue Rub and I was able to do physical therapy without...
Words: 641 - Pages: 3
...Make Children Healthy using Oregano Oil An Investigatory Project Submitted by: Aaliyah Maxine Rochelle Pangan Grade 4 St. Catherine Submitted to: Ms. Casiñas II. Rationale Your community is where you live in with your neighbors, so you got to keep it safe and healthy. By observing your community, you may get to know about it, get to know its problems and investigate the source of the problems. It is exciting to investigate because you can help your community to solve the problem. The researcher observed that children don’t like to eat vegetables that much. This can cause problems in their nutrition. Even if they are young, their lives won’t last long because they lack vitamins and the proper diet to give them energy. She will make an experiment to help the children be healthy again and help her community become strong. III. Related Literature A. Oil and its Uses An oil is any neutral, nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic (immiscible with water, literally "water fearing") and lipophilic (miscible with other oils, literally "fat loving"). Oils have a high carbon and hydrogen content and are usually flammable andslippery. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal,vegetable, or petrochemical in origin, and may be volatile or non-volatile.[1] They are used for food, fuel,...
Words: 1343 - Pages: 6
...Essential oils are liquids extracted from aromatic plants by distillation, cold pressing or chemical extraction by solvents. Although they are called oils, they are not always greasy. It is claimed that 10% of plants can produce essential oils. They are highly concentrated and volatile substances. Greatly used in alternative medicine like aromatherapy, they have many virtues and have many health benefits, proven over the years. Its use dates back to ancient times, and its wide variety of therapeutic, medicinal and culinary effects ensured its popularity. There are over 700 different types of plants that have useful essential oils. In addition to the physical and emotional benefits, when used in Aromatherapy, essential oils also have exceptional medicinal applications. Many of them are antiseptic making us the most potent protectors of nature against bacteria and other infectious organisms. Because they have a wide range of healing properties, they can be used efficiently to maintain health,...
Words: 514 - Pages: 3
...(1226213102) OIL TRADING - SUPPLY AND DEMAND ANALYSIS SUMMARY: Oil, also known as petroleum, is the most actively traded commodity in the world. The price is usually quoted per barrel. Oil trading is transacted on changes in the price of crude oil and does not involve a physical purchase of the commodity. The direction of the price movement determines whether a trader will profit or not. The two kinds of contracts that are traded are oil futures and options. The price of oil can be significantly affected by political factors, as well as environmental factors such as natural disasters. Other influencing factors include demand such as that driven by modernizing populations in India and China, as well as supply - that is, production rates in oil producing countries. In addition, technological advances in alternative energies may also affect the price of oil. In short, oil trading can involve significant price fluctuations making it an exciting and potentially profitable market. Oil prices also affect currency trading. Sometimes, a weakened US dollar may cause a rise in the price of oil. Other currencies that rely on commodity prices, such as CAD can also be affected by changes in oil prices. In this report we are analyzing the demand and supply , price factors of crude oil. INTRODUCTION: Until as recently as the early 1970s, the main channel for oil supply was the integrated system of the major oil companies. Each company had its own source of crude oil supply as well as the...
Words: 1844 - Pages: 8
...rainfall). More and more countries are using renewable energies such as the UK which plans to build up to 4000 wind turbines and take advantage of its position near the Arctic ocean and the North sea to become more energy independent and secure, and with the existing wind turbines the country now generates enough wind energy to supply the needs of more than 6.7 million UK households, along with Denmark that sets to achieve 50% of clean energy supply by 2020 and 100% by 2050. The reason for such significance is that these countries are major economies with huge consumer society that has incredible energy demand (although very little compared to Kuwait and UAE) and are now supplied with clean energy that allows them to reduce importation of traditional supplies and become more secure. The USA is the world’s biggest energy consumer and the biggest economy (after the EU) is becoming more and more secure by using more renewable energy with dedicated plans for renewable energy to supply 10% of the nation's electricity by 2012, rising to 25% by 2025. This is very important because it can encourage many other growing economies to use renewable energy form to supply its energy demands, which...
Words: 982 - Pages: 4
...Mumbai Submitted in partial fulfillment of the requirement For the award of the degree Of Masters of Business Administration Session (2011-2013) Submitted to: Submitted by: Narsee Monjee Institute of Management Studies, Ankit Johri Mumbai MBA Capital Markets Roll No. A34 NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES, MUMBAI * Contents Acknowledgement 4 1. Introduction 4 History 4 GAS Utilization Policy: 5 NELP 6 Production sharing Contracts 6 2. Demand and supply 7 Supply Scenario: 7 Status of NELP discoveries 9 Supply from various regions: 9 Demand 10 Need for Imports 11 TAPI Pipeline Agreement : 12 3. PRICING 13 History 13 Prices Of Different fuels: 14 Pricing Regimes in the Indian Gas Sector 15 Pricing under the APM and Discovered Fields Regime 16 Pricing under the NELP regime 17 Pricing of LNG 18 4. Fuels and their shares : 20 Sector Demands and supply: 21 5. Gas v/s Coal and other liquid fuels: 22 Cost of Gas to different industries: 24 Power 24 Fertilizers: 26 CGD, Refineries and Petrochemicals 27 Other Advantages of Natural Gas: 28 6. Cost of Different fuels for Ceramic industries: 30 Asian Granito: 30 Nitco 32 7. Pooling mechanism: 35 Need for Pool Pricing 35 Proposed Roadmap of Pool Pricing Mechanism 36 8. Conclusions and Suggestions: 40 Looking Ahead 40 9. Bibliography 42 Acknowledgement It is indeed a matter of great pleasure...
Words: 11285 - Pages: 46
...Why commodity markets were started The first recorded instance of futures trading occurred with rice in 17th Century Japan. There is some evidence that there may also have been rice futures traded in China as long as 6,000 years ago. Futures’ trading is a natural outgrowth of the problems of maintaining a year-round supply of seasonal products like agricultural crops. In Japan, merchants stored rice in warehouses for future use. In order to raise cash, warehouse holders sold receipts against the stored rice. These were known as "rice tickets." Eventually, such rice tickets became accepted as a kind of general commercial currency. Rules came into being to standardize the trading in rice tickets. These rules were similar to the current rules of American futures trading. In the United States, futures trading started in the grain markets in the middle of the 19th Century. The Chicago Board of Trade was established in 1848. In the 1870s and 1880s the New York Coffee, Cotton and Produce Exchanges were born. Today there are ten commodity exchanges in the United States. The largest are the Chicago Board of Trade, The Chicago Mercantile Exchange, the New York Mercantile Exchange, the New York Commodity Exchange and the New York Coffee, Sugar and Cocoa Exchange. Worldwide there are major futures trading exchanges in over twenty countries including Canada, England, France, Singapore, Japan, Australia and New Zealand. The products traded range from agricultural staples like Corn and...
Words: 2732 - Pages: 11