The explosion of the oil rig Deep Water Horizon concurred on April 20, 2010 42 miles off the coast of Louisiana and is the worst environmental disaster in US history. The explosion killed eleven workers and injured seventeen others. The rig was leased by BP from Transocean who was contracted to drill the well. The oil spill affected people, beaches, fish, and birds in many ways and the long-term issues continue currently. The amount of oil spilled in the Gulf was around 100,000 barrels daily.
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MUSCAT— Since the Royal Decree of His Majesty the Sultan to establish Oman’s full-fledged embassy in Bangladesh last September, the two countries have seen a flurry of activity as they have started gearing up to take their bilateral co-operation to higher heights. The Omani Embassy has already started working on a limited scale in its new premises in Dhaka from the hitherto single room in Qatar Embassy. Oman Oil Company is keen to invest in Bangladesh’s fast growing oil and gas sector. To this
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THE EFFECT OF ENERGY PRICES ON TRANSPORTATION AND STORAGE SECTOR’S EQUITY RETURNS: THE IRANIAN CASE by ABSTRACT The purpose of this study is to examine the effect of oil and gas prices on transportation and storage sector’s equity returns in Iran. To this end, we analyze Iranian transportation and storage sector index for the period from the first week of January 2005 until the third week of March 2010. Based on the multifactor model and using time-series regression, our findings indicate that
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Explain why oil exploration in areas shown in figure one could lead to high economic and environmental costs? (10) The world’s current oil supplies are running low and have been estimated to last for the next 50 years; however the debate to explore untapped areas like ANWR is a future option for governments. This can be very expensive and have long lasting damage to the environment but these consequences become less significant as oil supplies from overseas rise in price, countries like Saudi Arabia
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reportR.LAKSHMI ANVITHA (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
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seen a decline in its share (19% in 2012). Nevertheless, UK is the eight biggest export market for the country. In 2012, petroleum products generated 56bn dollars and gems and jewerlly 47. In addition to that, India also export pharma products, transport equipment, machinery and readymade garments. Concerning imports: in 2012 India spent 155bn of dollars for crude petroleum, which represent the biggest importation for the country. India also imports gold and silver, electronic goods and pearls
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Information Flow in an Organization , information is created for meaning, decision making and sharing of knowledge. Just like a river flowing information flows from one place to another, into every house, school or organization. The flow begins with the creation of the data at a terminal; this is the beginning of the information flow. From there the information flows down the pipeline through the network which is like a pipeline. Within this network of pipes you have the switching and routing of
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INTERNATIONAL TRADE LOGISTICS & DOCUMENTATION ASSIGNMENT- Logistics details of Light Diesel Oil HS Code - 27101940 (Individual Assignment) Introduction Light diesel oil (LDO), a class of diesel whose density relatively light. It falls under class C category fuel having flash point above 66 degree Celsius. LDO is widely used in automobile and engines with an rpm less than 750, tractor and the diesel engine for high speed diesel engine fuel ships, mines, power generation, drilling and other
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. How Can Azerbaijan Diversify Its Economy Away from Petroleum Dependence to More Sustainable Economic Development? June 2012 By Nurana Mammadova* It is known that the "black gold" is the main supplier for the state budget of the Azerbaijan Republic. Approximately 74% of the state budget derives from the proceeds of oil and petroleum products, and therefore the economy is almost entirely based on the oil industry. All this warns us against a very
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to the oil industry in Venezuela, which competes with Saudi Arabia in claiming the biggest oil reserves in the world. Capriles says that is he wins, "We have to revise every deal. I think they are agreements that are not functioning...How have relations with Iran and Belarus benefited Venezuela? We are interested in countries that have democracies, that respect human rights, that we have an affinity with. What affinity do we have with Iran?" However, this is possible option, one that as the days
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