Ghana has significant oil reserves that were first discovered commercially in the 1970s. Production was negligible until the 1980s and early 1990s when several foreign firms began prospecting and some initial production began. Ghana established the Ghana National Petroleum Corporation to promote exploration. Several upgrades were also made to oil refining and distribution infrastructure during this time period. More recent discoveries in the late 2000s significantly increased estimated reserves. Ghana now has over 5 billion barrels of oil reserves, making it one of the largest in Africa. However, production and distribution capacity has struggled to keep up with growing demand. Expanding and improving these areas remains an ongoing challenge.
Gasol plc acquired a 75% equity stake in Afgas Infrastructure Limited and Afgas Nigeria Limited during the fiscal year. Since the fiscal year end, Gasol exercised its option to acquire the remaining 80% of African LNG Holdings, providing a foundation to build a significant gas business in West Africa. Gasol's strategy is to identify and develop opportunities along the natural gas value chain in Africa, initially focusing on Nigeria and Equatorial Guinea, with the goal of connecting African gas reserves to global markets.
Philippine Public Transport Assistance Program: Targeted Fuel Subsidy Approac...Paul Mithun
This document summarizes the Philippine Public Transport Assistance Program (Pantawid Pasada), which provided a targeted fuel subsidy to public transport drivers in the Philippines. The program issued smart cards to over 100,000 jeepney and tricycle drivers to receive discounted fuel. It aimed to cushion the impact of high fuel prices on these vulnerable groups. While the program was well received, it also faced challenges such as limited funding and lack of interconnected government databases to properly register recipients. The presentation evaluated key learnings from the program's implementation.
Nigeria The Dynamics Of A Growing Gas Market Presentation To The Africa Ene...Deoye
The document discusses Nigeria's growing natural gas market and its Gas Master Plan. Nigeria has significant natural gas reserves of 182 TCF, the 7th largest in the world, however gas development has been haphazard with a focus on export projects over domestic use. The Gas Master Plan aims to develop gas infrastructure and pricing to boost domestic supply and utilization through obligations on reserves, but questions remain around infrastructure funding, domestic market obligations, the flare-down target, and legal framework implementation.
Petdrill Development Company is proposing a gas conversion complex project in Delta State, Nigeria. The project will convert flared gas into valuable products like LPG, methanol, ethanol and urea. It is expected to cost $1.8 billion and will create 25,000 jobs. Financial projections estimate annual revenue of $693 million and yearly profits of $392 million. The project is viable due to Nigeria's gas resources and demand for the products. Mitsui has signed a 20-year off-take agreement, providing guaranteed revenue. The project will benefit the local community through discounted product prices and improved social services.
This document provides an overview of the Infraline Energy knowledge base on the oil and natural gas sector in India. It includes detailed coverage of upstream and downstream activities, natural gas and LNG, prices, demand and supply, maps, the regulatory framework, taxes and duties, and presentations. The knowledge base provides daily newsletters, a comprehensive library that is frequently updated, analytical articles, market intelligence, reports, and books. It offers in-depth information on topics such as exploration and production, company profiles, pipelines, reserves, refineries, petroleum products, and policies.
This document provides an overview of investment opportunities in Nigeria's natural gas sector, with a focus on LNG. It begins by outlining Nigeria's National Gas Master Plan, which aims to maximize gas use domestically, optimize exports, and ensure long-term energy security. The document then examines the global LNG market outlook in terms of supply, demand, and trade. Several promising investment opportunities are identified, including expanding gas infrastructure and processing plants, an industrial park utilizing gas, compressed natural gas, engineering/construction services, and export pipeline projects like the Trans-Sahara gas pipeline.
GAS UTILIZATION, CHALLENGES, PROSPECT AND THE WAY FORWARDISRAEL ONYIJE
Nigeria has significant natural gas reserves, estimated at 183 trillion cubic feet of proven reserves and possibly over 600 trillion cubic feet. However, gas utilization in Nigeria faces challenges including inadequate gas infrastructure, inappropriate gas pricing, low levels of industrialization, and inadequate investment in the gas value chain. To increase gas utilization, Nigeria needs to address gas flaring, improve the legal and regulatory framework for the gas industry, and incentivize private sector investment along the gas value chain, including in power generation, domestic gas supply, and gas-based industries. With reforms and investment, Nigeria has strong prospects for increased utilization of its substantial natural gas resources.
U.S. Oil & Gas plc (USOG) is an Irish company with oil and gas exploration leases in Nevada, USA. USOG drilled its first well, Eblana #1, in 2012, which produced small amounts of high quality crude oil. USOG is preparing a three-well drilling program to potentially book proven reserves of up to 19 million barrels of oil. If successful, USOG could become an oil producer, generating an estimated $16.7 million in net income in 2015. The company faces challenges in converting its exploration prospects to reserves and starting oil production, but an independent analysis valued USOG's Nevada assets at $38.7 million compared to its current $30.1 million
Gasol plc acquired a 75% equity stake in Afgas Infrastructure Limited and Afgas Nigeria Limited during the fiscal year. Since the fiscal year end, Gasol exercised its option to acquire the remaining 80% of African LNG Holdings, providing a foundation to build a significant gas business in West Africa. Gasol's strategy is to identify and develop opportunities along the natural gas value chain in Africa, initially focusing on Nigeria and Equatorial Guinea, with the goal of connecting African gas reserves to global markets.
Philippine Public Transport Assistance Program: Targeted Fuel Subsidy Approac...Paul Mithun
This document summarizes the Philippine Public Transport Assistance Program (Pantawid Pasada), which provided a targeted fuel subsidy to public transport drivers in the Philippines. The program issued smart cards to over 100,000 jeepney and tricycle drivers to receive discounted fuel. It aimed to cushion the impact of high fuel prices on these vulnerable groups. While the program was well received, it also faced challenges such as limited funding and lack of interconnected government databases to properly register recipients. The presentation evaluated key learnings from the program's implementation.
Nigeria The Dynamics Of A Growing Gas Market Presentation To The Africa Ene...Deoye
The document discusses Nigeria's growing natural gas market and its Gas Master Plan. Nigeria has significant natural gas reserves of 182 TCF, the 7th largest in the world, however gas development has been haphazard with a focus on export projects over domestic use. The Gas Master Plan aims to develop gas infrastructure and pricing to boost domestic supply and utilization through obligations on reserves, but questions remain around infrastructure funding, domestic market obligations, the flare-down target, and legal framework implementation.
Petdrill Development Company is proposing a gas conversion complex project in Delta State, Nigeria. The project will convert flared gas into valuable products like LPG, methanol, ethanol and urea. It is expected to cost $1.8 billion and will create 25,000 jobs. Financial projections estimate annual revenue of $693 million and yearly profits of $392 million. The project is viable due to Nigeria's gas resources and demand for the products. Mitsui has signed a 20-year off-take agreement, providing guaranteed revenue. The project will benefit the local community through discounted product prices and improved social services.
This document provides an overview of the Infraline Energy knowledge base on the oil and natural gas sector in India. It includes detailed coverage of upstream and downstream activities, natural gas and LNG, prices, demand and supply, maps, the regulatory framework, taxes and duties, and presentations. The knowledge base provides daily newsletters, a comprehensive library that is frequently updated, analytical articles, market intelligence, reports, and books. It offers in-depth information on topics such as exploration and production, company profiles, pipelines, reserves, refineries, petroleum products, and policies.
This document provides an overview of investment opportunities in Nigeria's natural gas sector, with a focus on LNG. It begins by outlining Nigeria's National Gas Master Plan, which aims to maximize gas use domestically, optimize exports, and ensure long-term energy security. The document then examines the global LNG market outlook in terms of supply, demand, and trade. Several promising investment opportunities are identified, including expanding gas infrastructure and processing plants, an industrial park utilizing gas, compressed natural gas, engineering/construction services, and export pipeline projects like the Trans-Sahara gas pipeline.
GAS UTILIZATION, CHALLENGES, PROSPECT AND THE WAY FORWARDISRAEL ONYIJE
Nigeria has significant natural gas reserves, estimated at 183 trillion cubic feet of proven reserves and possibly over 600 trillion cubic feet. However, gas utilization in Nigeria faces challenges including inadequate gas infrastructure, inappropriate gas pricing, low levels of industrialization, and inadequate investment in the gas value chain. To increase gas utilization, Nigeria needs to address gas flaring, improve the legal and regulatory framework for the gas industry, and incentivize private sector investment along the gas value chain, including in power generation, domestic gas supply, and gas-based industries. With reforms and investment, Nigeria has strong prospects for increased utilization of its substantial natural gas resources.
U.S. Oil & Gas plc (USOG) is an Irish company with oil and gas exploration leases in Nevada, USA. USOG drilled its first well, Eblana #1, in 2012, which produced small amounts of high quality crude oil. USOG is preparing a three-well drilling program to potentially book proven reserves of up to 19 million barrels of oil. If successful, USOG could become an oil producer, generating an estimated $16.7 million in net income in 2015. The company faces challenges in converting its exploration prospects to reserves and starting oil production, but an independent analysis valued USOG's Nevada assets at $38.7 million compared to its current $30.1 million
Pakistan has the second largest gas infrastructure in the world, with over 9,843 km of transmission pipelines and 104,449 km of distribution pipelines serving over 6 million domestic and 78,794 commercial consumers. The country produces around 4,176 million cubic feet of natural gas per day from various fields. State-owned companies produce around 30% and 25% of the country's natural gas, while foreign companies such as OMV produce around 17% of the total. New fields continue to be discovered, but natural gas production is expected to decline over the next 15-25 years while demand increases, making Pakistan reliant on gas imports through pipelines from Iran and Turkmenistan or liquefied natural gas.
Venezuela has large oil and gas reserves but production is declining as fields mature. State oil company PDVSA needs significant investment to maintain output but has rising costs and limited funds. A new hydrocarbons law increased taxes on oil companies and reduced foreign investment, further challenging PDVSA's ability to fund necessary investments in production and exploration. The future of Venezuela's oil industry remains unclear as foreign partners delay investments until regulatory issues are resolved.
This document provides an overview of petroleum from a marketing perspective. It discusses the major oil companies and their joint ventures. The key points are:
1) The largest oil companies control a significant portion of the global oil supply through production and joint ventures. Major companies profiled include Saudi Aramco, Gazprom, Rosneft, Lukoil, and ExxonMobil.
2) These companies establish joint ventures to share resources and access new markets. For example, Saudi Aramco has partnerships with Shell, ExxonMobil, Sinopec, and Dow Chemical.
3) The oil companies engage in marketing and public relations activities to manage their public image and
New base 1036 special 30 may 2017 energy newsKhaled Al Awadi
Petrol and diesel prices in the UAE will drop in June 2017, with Super 98 falling to Dh1.96 per litre. Oman's OPWP plans to issue a tender in 2017 for the sale of the Manah power plant after its ownership transfers to the government in 2020. PDO is focusing on low-cost exploration opportunities using new seismic technology to sustain its long-term oil and gas production in Oman.
Introduction to Oil and Gas Industry from Upstream (Exploration & Production), Midstream (Transportation & Storage), to Downstream (Refining, Petrochemical, & Marketing)
The oil and gas industry has played a crucial role in Indonesia's economic development, accounting for 1/4 of GDP and 30% of government revenues by 2012. Indonesia ranks highly in Southeast Asia for oil and gas investment and is the 9th largest destination for foreign direct investment, due to its promising reserves, increasing number of production blocks, production sharing contract system, and investment incentives. The government is working to find more proven resources and maintain production levels to meet increasing energy demand and support continued economic growth.
Edition 40 - Sharing in Petrobras - November/2013Petrobras
Petrobras participates in a consortium with other companies that wins the rights to explore the Libra oil block in Brazil; highlights recent divestments and awards received by Petrobras; and provides financial results and production updates for Petrobras.
Lng outlook and market webinar sept 2020Sampe Purba
1. The document discusses trends in the global and Indonesian LNG markets, including rising Asian demand, new suppliers entering the market, and a shift towards more flexible LNG contracts.
2. It analyzes Indonesia's LNG production and contracts, finding excess production leading to a need for new domestic and international customers.
3. The presentation recommends expanding gas and LNG infrastructure in Indonesia to develop new domestic markets and optimize utilization of excess LNG, such as for power, transportation, and non-pipeline gas transmission.
The document discusses several energy-related topics:
1) Noble Energy signing a letter of intent to supply natural gas from Israel's Tamar gas field to Egypt's Damietta LNG terminal. This would involve expanding the Tamar platform and building a subsea pipeline.
2) Tower Resources providing an update on preparations for the Badada-1 exploration well in Kenya, which could test similar geology to major oil discoveries.
3) Turkey suggesting to Russia the possibility of building an LNG terminal as part of discussions on a new Russian gas pipeline to Turkey.
The document provides an overview of the oil and gas industry in India. It discusses the industry's history and growth over time. It also describes the major companies operating in the industry and their market shares. Additionally, it covers government policies and regulations related to foreign investment, pricing, and regulatory bodies that oversee the industry. The industry is growing and sees increasing private investment and participation of global companies.
FLNG - Offshore Assets Development , Korea 2010 Sampe PurbaSampe Purba
Sampe L. Purba, VP of Program and Budgeting at BPMIGAS, presented on Indonesia's offshore gas assets, developments, and potential for FLNG. Indonesia has significant offshore shallow, deepwater, and stranded gas reserves spread across sedimentary basins. FLNG is one option to develop remote and stranded reserves. Key challenges for FLNG include liquefaction at sea, loading/offloading LNG carriers, high costs, and remote locations. Government perspectives include resource allocation, local participation, and regulatory/fiscal frameworks. Investors consider contract sanctity, returns, and integration with global operations.
Noble Energy is positioned for strong growth over the next five years from its portfolio of assets. Production is expected to more than double by 2017 through development of its core areas including the DJ Basin, Marcellus Shale, and offshore projects. Noble will invest $3.9 billion in 2013 to accelerate unconventional programs and complete major projects. This high level of investment is expected to deliver double-digit production and cash flow growth through 2017 and position the company for strong performance over the next decade.
The document discusses the oil and gas industry in India, focusing on the upstream sector. It covers key areas like industry sectors, Porter's 5 forces analysis, market overview, value chain, regulatory framework, and recommendations. The upstream sector deals with exploration and production and faces high threats of new entrants due to risks and capital requirements. Competition is moderate to high and bargaining power of suppliers and buyers is generally low. The industry shows steady growth driven by growing demand and investments.
Salah wahbi's presentation slides from the 2010 World National Oil Companies ...oilandgas
This document provides information about oil and gas exploration and production in Sudan. It discusses Sudan's exploration history since the 1950s, current exploration and production sharing agreements, petroleum infrastructure including pipelines and refineries, average oil production and recovery factors across different oil blocks, Sudapet's role and objectives, and its vision to become a leading integrated oil and gas company in Sudan.
Mozambique has emerged as a major natural gas producer with over 100 trillion cubic feet of reserves discovered in 2012. Several international oil and gas companies have significant interests in Mozambique's exploration blocks, including Anadarko, ENI, Shell, and PTTEP. Mozambique's large natural gas reserves are expected to boost its GDP substantially and transform its economy. The country is working to develop its natural gas resources through partnerships with international companies and countries like Japan to export liquefied natural gas.
Marathon Oil Corporation reported its third-quarter 2004 results. Net income was $222 million compared to $281 million in the third quarter of 2003. Net income adjusted for special items was $296 million compared to $293 million in the prior year period. Earnings were impacted by higher crude oil and natural gas prices but offset by reduced production due to divestitures, declines and downtime from hurricanes. The company also made progress on key projects in Norway, Ireland and Equatorial Guinea and continues to work towards acquiring Ashland Inc.'s minority interest in Marathon Ashland Petroleum LLC.
Noble Energy's strategy focuses on developing premier basins in the U.S. and globally through operational excellence and financial strength. The company has a diversified portfolio of high-quality, low-cost assets producing oil and natural gas. Noble Energy aims to align capital and costs with market conditions while maintaining investment flexibility and strong financial liquidity. Key goals for 2016 include protecting the balance sheet, maintaining production of 390 MBoe/d with a $1.5 billion capital program, and leveraging benefits of its well-positioned portfolio.
Oil and Gas Sector Research- A GoldEdge Working Paper Series - 2013 Final-Fin...Bernard Narkotey
This paper examines the link between firm-level productivity in Ghana's oil and gas sector and the government's ability to generate revenue in the long run. It discusses Ghana's nascent oil and gas sector, including key oil field discoveries and operations. The paper analyzes factors that could influence productivity and revenue, such as capital/operational costs and policy initiatives. Empirical models are developed to assess relationships between variables like productivity, costs, and government revenue using World Bank data on Ghana's oil fields over 19 years. The analysis finds a relationship between sector output and government revenue, though both are expected to peak within 6 years and decline long-term.
Pakistan has the second largest gas infrastructure in the world, with over 9,843 km of transmission pipelines and 104,449 km of distribution pipelines serving over 6 million domestic and 78,794 commercial consumers. The country produces around 4,176 million cubic feet of natural gas per day from various fields. State-owned companies produce around 30% and 25% of the country's natural gas, while foreign companies such as OMV produce around 17% of the total. New fields continue to be discovered, but natural gas production is expected to decline over the next 15-25 years while demand increases, making Pakistan reliant on gas imports through pipelines from Iran and Turkmenistan or liquefied natural gas.
Venezuela has large oil and gas reserves but production is declining as fields mature. State oil company PDVSA needs significant investment to maintain output but has rising costs and limited funds. A new hydrocarbons law increased taxes on oil companies and reduced foreign investment, further challenging PDVSA's ability to fund necessary investments in production and exploration. The future of Venezuela's oil industry remains unclear as foreign partners delay investments until regulatory issues are resolved.
This document provides an overview of petroleum from a marketing perspective. It discusses the major oil companies and their joint ventures. The key points are:
1) The largest oil companies control a significant portion of the global oil supply through production and joint ventures. Major companies profiled include Saudi Aramco, Gazprom, Rosneft, Lukoil, and ExxonMobil.
2) These companies establish joint ventures to share resources and access new markets. For example, Saudi Aramco has partnerships with Shell, ExxonMobil, Sinopec, and Dow Chemical.
3) The oil companies engage in marketing and public relations activities to manage their public image and
New base 1036 special 30 may 2017 energy newsKhaled Al Awadi
Petrol and diesel prices in the UAE will drop in June 2017, with Super 98 falling to Dh1.96 per litre. Oman's OPWP plans to issue a tender in 2017 for the sale of the Manah power plant after its ownership transfers to the government in 2020. PDO is focusing on low-cost exploration opportunities using new seismic technology to sustain its long-term oil and gas production in Oman.
Introduction to Oil and Gas Industry from Upstream (Exploration & Production), Midstream (Transportation & Storage), to Downstream (Refining, Petrochemical, & Marketing)
The oil and gas industry has played a crucial role in Indonesia's economic development, accounting for 1/4 of GDP and 30% of government revenues by 2012. Indonesia ranks highly in Southeast Asia for oil and gas investment and is the 9th largest destination for foreign direct investment, due to its promising reserves, increasing number of production blocks, production sharing contract system, and investment incentives. The government is working to find more proven resources and maintain production levels to meet increasing energy demand and support continued economic growth.
Edition 40 - Sharing in Petrobras - November/2013Petrobras
Petrobras participates in a consortium with other companies that wins the rights to explore the Libra oil block in Brazil; highlights recent divestments and awards received by Petrobras; and provides financial results and production updates for Petrobras.
Lng outlook and market webinar sept 2020Sampe Purba
1. The document discusses trends in the global and Indonesian LNG markets, including rising Asian demand, new suppliers entering the market, and a shift towards more flexible LNG contracts.
2. It analyzes Indonesia's LNG production and contracts, finding excess production leading to a need for new domestic and international customers.
3. The presentation recommends expanding gas and LNG infrastructure in Indonesia to develop new domestic markets and optimize utilization of excess LNG, such as for power, transportation, and non-pipeline gas transmission.
The document discusses several energy-related topics:
1) Noble Energy signing a letter of intent to supply natural gas from Israel's Tamar gas field to Egypt's Damietta LNG terminal. This would involve expanding the Tamar platform and building a subsea pipeline.
2) Tower Resources providing an update on preparations for the Badada-1 exploration well in Kenya, which could test similar geology to major oil discoveries.
3) Turkey suggesting to Russia the possibility of building an LNG terminal as part of discussions on a new Russian gas pipeline to Turkey.
The document provides an overview of the oil and gas industry in India. It discusses the industry's history and growth over time. It also describes the major companies operating in the industry and their market shares. Additionally, it covers government policies and regulations related to foreign investment, pricing, and regulatory bodies that oversee the industry. The industry is growing and sees increasing private investment and participation of global companies.
FLNG - Offshore Assets Development , Korea 2010 Sampe PurbaSampe Purba
Sampe L. Purba, VP of Program and Budgeting at BPMIGAS, presented on Indonesia's offshore gas assets, developments, and potential for FLNG. Indonesia has significant offshore shallow, deepwater, and stranded gas reserves spread across sedimentary basins. FLNG is one option to develop remote and stranded reserves. Key challenges for FLNG include liquefaction at sea, loading/offloading LNG carriers, high costs, and remote locations. Government perspectives include resource allocation, local participation, and regulatory/fiscal frameworks. Investors consider contract sanctity, returns, and integration with global operations.
Noble Energy is positioned for strong growth over the next five years from its portfolio of assets. Production is expected to more than double by 2017 through development of its core areas including the DJ Basin, Marcellus Shale, and offshore projects. Noble will invest $3.9 billion in 2013 to accelerate unconventional programs and complete major projects. This high level of investment is expected to deliver double-digit production and cash flow growth through 2017 and position the company for strong performance over the next decade.
The document discusses the oil and gas industry in India, focusing on the upstream sector. It covers key areas like industry sectors, Porter's 5 forces analysis, market overview, value chain, regulatory framework, and recommendations. The upstream sector deals with exploration and production and faces high threats of new entrants due to risks and capital requirements. Competition is moderate to high and bargaining power of suppliers and buyers is generally low. The industry shows steady growth driven by growing demand and investments.
Salah wahbi's presentation slides from the 2010 World National Oil Companies ...oilandgas
This document provides information about oil and gas exploration and production in Sudan. It discusses Sudan's exploration history since the 1950s, current exploration and production sharing agreements, petroleum infrastructure including pipelines and refineries, average oil production and recovery factors across different oil blocks, Sudapet's role and objectives, and its vision to become a leading integrated oil and gas company in Sudan.
Mozambique has emerged as a major natural gas producer with over 100 trillion cubic feet of reserves discovered in 2012. Several international oil and gas companies have significant interests in Mozambique's exploration blocks, including Anadarko, ENI, Shell, and PTTEP. Mozambique's large natural gas reserves are expected to boost its GDP substantially and transform its economy. The country is working to develop its natural gas resources through partnerships with international companies and countries like Japan to export liquefied natural gas.
Marathon Oil Corporation reported its third-quarter 2004 results. Net income was $222 million compared to $281 million in the third quarter of 2003. Net income adjusted for special items was $296 million compared to $293 million in the prior year period. Earnings were impacted by higher crude oil and natural gas prices but offset by reduced production due to divestitures, declines and downtime from hurricanes. The company also made progress on key projects in Norway, Ireland and Equatorial Guinea and continues to work towards acquiring Ashland Inc.'s minority interest in Marathon Ashland Petroleum LLC.
Noble Energy's strategy focuses on developing premier basins in the U.S. and globally through operational excellence and financial strength. The company has a diversified portfolio of high-quality, low-cost assets producing oil and natural gas. Noble Energy aims to align capital and costs with market conditions while maintaining investment flexibility and strong financial liquidity. Key goals for 2016 include protecting the balance sheet, maintaining production of 390 MBoe/d with a $1.5 billion capital program, and leveraging benefits of its well-positioned portfolio.
Oil and Gas Sector Research- A GoldEdge Working Paper Series - 2013 Final-Fin...Bernard Narkotey
This paper examines the link between firm-level productivity in Ghana's oil and gas sector and the government's ability to generate revenue in the long run. It discusses Ghana's nascent oil and gas sector, including key oil field discoveries and operations. The paper analyzes factors that could influence productivity and revenue, such as capital/operational costs and policy initiatives. Empirical models are developed to assess relationships between variables like productivity, costs, and government revenue using World Bank data on Ghana's oil fields over 19 years. The analysis finds a relationship between sector output and government revenue, though both are expected to peak within 6 years and decline long-term.
The document provides an initiation of coverage report on South Valley Cement (SVCE.CA) by Prime Research. The 3-sentence summary is:
Prime Research initiates coverage on SVCE.CA with a target price of EGP9.91/share, representing an 80% upside from the current market price, based on a discounted cash flow valuation. Recent industry events in Egypt, including cutting off natural gas to cement plants and approving more coal and alternative fuel usage, are expected to positively impact cement companies. The report also discusses global oil price declines and their relationship to coal prices and the cement industry.
This document provides an analysis of Pakistan's LNG import project and identifies potential issues and losses totaling over $13 billion. It outlines four main areas of concern: 1) fluctuations in global energy prices could result in $13.05 billion in losses compared to importing crude oil, 2) higher costs for the FSRU day rate and reduced cargo capacity could lose $5.952 billion, 3) operational and technological challenges like underutilized capacity could lead to $990 million in losses, 4) charter rates for LNG carriers being higher than market rates may lose $483.30 million. The document calls for more transparency around commercial terms as hiding costs could be justifying higher prices.
Edition 41 - Sharing in Petrobras - March/2014Petrobras
- Strategic Plan: horizon 2030
- 2014-2018 Business and Management Plan
- Declaration of commerciality in Transfer of Rights areas
- Libra Consortium
- Capital raising abroad
- 2013 net income was R$ 23.6 billion
- Oil and natural gas output expected to rise 7.5% in 2014
- Record in the pre-salt: 412,000 barrels/day
- Rising output at Cascade and Chinook
- New regasification terminal in Bahia
- Petrobras returns to F1 with Willians Martini Racing
- Cenpes turns 50
- Ultra-low sulfur gasoline launched in Brazil
Exile Resources holds a 10% equity stake in the Akepo oil field in Nigeria, which was successfully tested in early 2010. Flow testing indicated production rates of up to 1,789 barrels of oil per day from the field. Engineering estimates suggest the well can produce between 2,500 to 3,000 barrels per day, yielding approximately 200 to 240 barrels net to Exile daily. The Akepo field development is ongoing, with first oil expected by the end of Q2 2011. Exile also holds exploration licenses in Turkey and Zambia and is seeking opportunities in Nigeria's next oil licensing round to further expand its portfolio.
1) The oil and gas sector is important for Malaysia's economic growth and development goals, but it faces challenges in sustaining production increases to meet rising energy demand.
2) Key challenges include maturing oil and gas fields leading to production declines, the need for enhanced oil recovery techniques for older fields, and increasing exploration and production costs.
3) Technologies like improved 3D seismic imaging and enhanced oil recovery methods can help maintain and increase reserves, but require substantial investments and addressing issues like ensuring offshore infrastructure can last decades.
Chapter 6Case StudyThe Global Oil CompanyYou may c.docxrobertad6
Chapter 6
Case Study
The Global Oil Company
You may complete the project individually or in groups. In the latter case, which is encouraged,
members of the group submit a joint report and all receive the same grade. The ideal size of a
group is three. Groups of up to four are allowed. There should be no collaboration among groups
and/or students working individually.
The Global Oil Company is an international producer, re�ner, transporter and distributor of oil,
gasoline and petrochemicals. Global Oil is a holding company with subsidiary operating companies
that are wholly or partially owned. A major problem for Global Oil is to coordinate the actions
of these various subsidiaries into an overall corporate plan, while at the same time maintaining a
reasonable amount of operating autonomy for the subsidiary companies.
To deal with this dilemma, the logistics department at Global Oil Headquarters develops an
annual corporate-wide plan which details the pattern of shipments among the various subsidiaries.
The plan is not rigid but provides general guidelines and the plan is revised periodically to re
ect
changing conditions. Within the framework of this plan, the operating companies can make their
own decisions and plans. This corporate-wide plan is presently done on a trial and error basis. There
are two problems with this approach. First, the management of the subsidiaries often complains
that the plan does not re
ect properly the operating conditions under which the subsidiary operates.
The plan sometimes calls for operations or distribution plans that are impossible to accomplish.
And secondly, corporate management is concerned that the plan does not optimize for the total
company.
The technique of linear programming seems a possible approach to aid in the annual planning
process, that will be able to answer at least in part, the two objections above. In addition the
building of such a model will make it possible to make changes in plans quickly when the need
arises. Before embarking on the development of a world-wide model, Global Oil asks you to build
a model of the Far Eastern operations for the coming year.
Far Eastern Operations
The details of the 1998 planning model for the Far Eastern Operations are now described.
There are two sources of crude oil, Saudi Arabia and Borneo. The Saudi crude is relatively
heavier (24 API), and the Far Eastern sector could obtain as much as 60,000 barrels per day at a
79
80 CHAPTER 6. CASE STUDY
cost of $18.50 per barrel during 1998. A second source of crude is from the Brunei �elds in Borneo.
This is a light crude oil (36 API). Under the terms of an agreement with the Netherlands Petroleum
Company in Borneo, a �xed quantity of 40,000 b/d of Brunei crude, at a cost of $19.90 per barrel
is to be supplied during 1998.
There are two subsidiaries that have re�ning operations. The �rst is in Australia, operating a
re�nery in Sydney with a capacity of 50,000 b/d throughput. The company markets it.
Assessment of the Distribution Strategies of Premium Motor Spirit in Nigerian...inventionjournals
PMS without gain saying is a commodity which is inevitable to all and Nigeria as a country have gained immensely from the proceeds generated from the sales of PMS. Also over the years, Nigeria economy have experienced major international recognition as a result of this God given resources but the citizenry still experienced major scarcity of PMS. The study therefore assess distribution strategies of PMS in NNPC Ore Depot. In sampling of the opinion of the NNPC executive officer and marketers, the primary and secondary methods were used, while the responses were analyzed and used to test the hypothesis using Pearson correlation coefficient. The result revealed that truck is the major means of distributing PMS to its numerous customers. Also, there were many factors amidst low capacity utilization and refining activities at the nation’s refineries, pipelines vandalization, large scale smuggling due to unfavourable economic product at home and higher border prices with the neighbouring countries, low investment opportunities in the sector, and corrupt practices by some members of the distribution chain among other responsible for the ineffectiveness of the distribution strategies. The study recommends that government should put necessarily actions in place to checkmate the malice of illegal diversion of the premium motor spirit. The study concludes that these factors mentioned above be either eliminated or reduced and stringent measures be adopted to act as deterrents to other corrupt practices in the distribution chain
The document provides an overview of the Indian oil and gas industry. It states that the industry is estimated at $110 billion and contributes significantly to India's GDP and government revenues. It notes that demand is outpacing supply and outlines various government initiatives and policies to boost exploration and attract investment. The document also highlights business opportunities for both domestic and foreign players across the upstream, midstream and downstream segments of the industry.
The document summarizes key facts about India's natural gas sector:
1) Natural gas currently accounts for 6% of India's primary energy mix but the government aims to increase this to 15% by 2030.
2) India is planning significant new LNG import terminal capacity and pipeline infrastructure to support increasing gas consumption.
3) City gas distribution is emerging as a key driver of growth in gas demand in India through expansion of CNG and PNG networks.
New base energy news issue 878 dated 22 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 22 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Iraq southern oil exports average 3.14 million barrels per day
• Tanzania: Otto Energy farms out Kilosa - Kilombero Licence,
• Algeria: Eni and Sonatrach renew partnership in Algeria
• India: Essar Oil Emerges as India's Largest Unconventional Gas Producer
• India: Essar Oil Emerges as India's Largest Unconventional Gas Producer
• US: Musk Buys Musk: Tesla’s SolarCity Deal by the Numb
• Oil prices above $50, buoyed by US stock draw
• Oil Bust Pushes Producers Together to Make Cost Cutting Count
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This document provides an overview of Egypt's oil and gas industry. It details that oil reserves have increased but production is declining. Natural gas reserves have also increased slightly despite lower investment levels. Gas production and consumption are rising to meet domestic demand. The document analyzes trends in reserves, production and consumption for both oil and natural gas and concludes that Egypt is working to implement natural gas substitution policies but faces challenges due to declining oil reserves and other economic and political factors affecting investment and demand.
Exploration & Production of Oil and Gas in Brazil no Offshore Technology Conf...ascommme
The document discusses Brazil's oil and gas industry. It notes that Brazil has experienced significant growth in its installed power capacity and oil production. Major discoveries have been made both within and outside its pre-salt region. Brazil aims to hold its 13th bid round for oil and gas blocks in October 2015 and a second bid round in 2016-2017, offering opportunities for both oil companies and their suppliers. The document promotes Brazil as an attractive place for investment due to its large potential, stable regulations, and political stability.
Acquisition of CEPSA by IPIC is a perfect example of long term planning while acquiring a large company. Being just a 20 year old company IPIC took over a 90 year old company CEPSA which is because of its significant startegy.
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This pre-feasibility report examines the viability of starting an LPG refilling plant in Nigeria. Key points include:
- The LPG market in Nigeria is growing rapidly due to government initiatives to increase consumption from 100,000MT to 1,000,000MT annually.
- A proposed 80-ton storage facility with 5-ton daily filling capacity requires $61 million startup capital and is projected to be profitable within 2 years.
- LPG represents an attractive investment opportunity given Nigeria's large untapped market and need to transition from firewood and kerosene.
Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
The report *State of D2C in India: A Logistics Update* talks about the evolving dynamics of the d2C landscape with a particular focus on how brands navigate the complexities of logistics. Third Party Logistics enablers emerge indispensable partners in facilitating the growth journey of D2C brands, offering cost-effective solutions tailored to their specific needs. As D2C brands continue to expand, they encounter heightened operational complexities with logistics standing out as a significant challenge. Logistics not only represents a substantial cost component for the brands but also directly influences the customer experience. Establishing efficient logistics operations while keeping costs low is therefore a crucial objective for brands. The report highlights how 3PLs are meeting the rising demands of D2C brands, supporting their expansion both online and offline, and paving the way for sustainable, scalable growth in this fast-paced market.
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
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China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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L'indice de performance des ports à conteneurs de l'année 2023SPATPortToamasina
Une évaluation comparable de la performance basée sur le temps d'escale des navires
L'objectif de l'ICPP est d'identifier les domaines d'amélioration qui peuvent en fin de compte bénéficier à toutes les parties concernées, des compagnies maritimes aux gouvernements nationaux en passant par les consommateurs. Il est conçu pour servir de point de référence aux principaux acteurs de l'économie mondiale, notamment les autorités et les opérateurs portuaires, les gouvernements nationaux, les organisations supranationales, les agences de développement, les divers intérêts maritimes et d'autres acteurs publics et privés du commerce, de la logistique et des services de la chaîne d'approvisionnement.
Le développement de l'ICPP repose sur le temps total passé par les porte-conteneurs dans les ports, de la manière expliquée dans les sections suivantes du rapport, et comme dans les itérations précédentes de l'ICPP. Cette quatrième itération utilise des données pour l'année civile complète 2023. Elle poursuit le changement introduit l'année dernière en n'incluant que les ports qui ont eu un minimum de 24 escales valides au cours de la période de 12 mois de l'étude. Le nombre de ports inclus dans l'ICPP 2023 est de 405.
Comme dans les éditions précédentes de l'ICPP, la production du classement fait appel à deux approches méthodologiques différentes : une approche administrative, ou technique, une méthodologie pragmatique reflétant les connaissances et le jugement des experts ; et une approche statistique, utilisant l'analyse factorielle (AF), ou plus précisément la factorisation matricielle. L'utilisation de ces deux approches vise à garantir que le classement des performances des ports à conteneurs reflète le plus fidèlement possible les performances réelles des ports, tout en étant statistiquement robuste.
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NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
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1. Information on Ghana
Reserves Production Consumption Exports Imports
(bbl) (bbl/day) (bbl/day) (bbl/day) (bbl/day)
7,571 49,300 5,709 45,520
15,000,000 1 Jan 2007 2006
Ghana Rank: Rank: Rank: 2005 Rank: 2005
Rank: 84 2008 est. est. est.
86 89 92 78
Oil reserves in Ghana
Commercial quantities of offshore oil reserves in Ghana were discovered in the 1970s, by 1990 production
was still negligible. In 1983 the government established the Ghana National Petroleum Corporation (GNPC)
to promote exploration and production, and the company reached agreements with a number of foreign firms.
The most important of these permitted US-based Amoco to prospect in ten offshore blocks between Ada and
the western border with Togo. Petro-Canada International had prospected in the Tano River Basin, and
Diamond Shamrock in the Keta Basin. In 1989 three companies, two American and one Dutch, spent US$30
million drilling wells in the Tano basin. On 21 June 1992, an offshore Tano basin well produced about 6,900
barrels (1,100 m3) of crude oil daily.[78]
In the early 1990s, GNPC reviewed all earlier crude oil and natural gas discoveries to determine whether a
predominantly local operation might make exploitation more commercially viable. GNPC wanted to set up a
floating system for production, storage, off-loading, processing, and gas-turbine electricity generation,
hoping to produce 22 billion cubic feet (620,000,000 m3) per day, from which 135 megawatts of power could
be generated and fed into the national and regional grid. GNPC also won a contract in 1992 with Angola's
state oil company, Sonangol Group, that provides for drilling and, ultimately, production at two of
Sonangol's offshore oilfields. GNPC was paid with a share of the crude oil.[78]
The country's Tema Oil Refinery underwent the first phase of a major rehabilitation in 1989. The second
phase began in April 1990 at an estimated cost of US$36 million. Once rehabilitation was completed,
distribution of liquified petroleum gas was to be improved, and the quantity supplied was to rise from 28,000
to 34,000 barrels per day. Construction on the new Tema-Akosombo oil products pipeline, designed to
improve the distribution system further, began in January 1992. The pipeline was to carry refined products
from Tema to Akosombo Port, where they will be transported across Lake Volta to northern regions.
Distribution continued to be uneven, however. Other measures to improve the situation included a US$28
million project to set up a national network of storage depots in all regions.[78]
The Tema Lube Oil Company commissioned its new oil blending plant, designed to produce 25,000 tons of
oil per year, in 1992. The plant was to satisfy all of Ghana's requirements for motor and gear lubricants and
60 percent of the country's need for industrial lubricants, or, in all, 90 percent of Ghana's demand for
lubricant products. Shareholders included Mobil, Shell, and British Petroleum (together accounting for 48
percent of equity), Ghana National Petroleum Corporation, and the Social Security and National Insurance
Trust (SSNIT).[78]
An oilfield which is reported to contain up to 3 billion barrels (480,000,000 m3) of light oil was discovered in
2007.[79] Oil and Gas exploration is ongoing, and the amount of both oil and gas continues to increase. [80]
There is expected to be a tremendous inflow of capital into the economy beginning from the first quarter of
2011 when the country starts producing oil in commercial quantities. The oil is expected to account for 6%
of the revenue for 2011.[81]
1
2. Ghana is believed to have up to 5 billion barrels (790,000,000 m3) of oil in reserves,[82] which is the 6th
largest in Africa and the 25th largest proven reserves in the world. (from Wikipedia)
The current problem presents us with a good opportunity to critically look at our energy delivery system and
to take bold and innovative steps to further develop and expand the market, the service delivery capacity of
the industry and the complexity of the regulatory regime that oversees the market. It is interesting to note
that, in the ongoing discussion on the LPG shortages, nobody is blaming part of the problem on the fact that
the country has very limited production and storage facilities for LPG. In the whole country, only the Tema
Oil Refinery (TOR) has an LPG storage facility whose capacity is only about 6,400MT while the national
demand is estimated to be at least 700MT per day (about 5,000MT per week). Furthermore, the maximum
rate of LPG production at TOR is about 350MT per day (96MT/day for the CDU and 250 MT/day for the
RFCC) and the capacity to evacuate the product onto the market is also limited to only 900MT per
day! Even a cursory look at these numbers shows that the production capacity, the storage infrastructure
and the product delivery capability are all woefully inadequate. These shortfalls constitute a major
bottleneck in the LPG service delivery system and indeed a barrier that must be overcome if the shortages
are to be permanently resolved. This is the fact of the matter!! Under such a scenario, shortages are bound
to occur whether vehicles use the product or not.
From the above discussion, it then follows that the ideal solution to the problem of LPG shortages must
necessarily be both holistic, in coverage, and sustainable, in application.
The solution must seek to simultaneously address all the issues raised and must encompass all the positive
attributes of the two previous positions while at the same time cure the ills therein. In other words, the
solution must be efficient (in the pareto sense) and progressive in that it must be forward looking and
envisages an expanded LPG market that now caters for two sectors of the economy:
a) The Residential/Household sub-sector, and
b) The Transport sub-sector.
This way, the good intensions of government for the residential/household sector can be preserved while at
the same time, the use of LPG in vehicles is formalized in the transport segment of the market, recognizing
the fact that LPG use in vehicles is cleaner than both petrol and diesel and thus desirable for environmental
reasons. The regulations governing the transport segment of the LPG market could then be made such that
the appropriate road and other levies are paid and the current subsidies removed so that there is equity in the
system.
In conclusion, I am advocating for a new policy directive on LPG consumption in Ghana. This new policy
should conserve the status quo for the residential/household sector but now recognize LPG use in the
transport sector as desirable. The policy must therefore take steps to formalize the growth and development
of that market segment through appropriate regulation and controls without compromising the collection of
taxes and levies that are placed on all fuels meant for road transportation.
To achieve this, a number of things have to be done:
1. A study (market research) must be conducted under the auspices of the NPA to determine the actual size
of the LPG market and its utilization profile within the market.
2. The deregulation process must be further deepened to allow market forces to work in matching demand
with supplies.
3. The petroleum products price build-up must be expanded to have the entry for LPG split into two –
Household LPG, LPG(H) and Vehicular LPG, LPG(V). LPG(H) must continue to enjoy the current
subsidies and all the tax exemptions as the situation is, currently. However, LPG(V) must be treated like
2
3. petrol and diesel in that they must not enjoy any subsidy but rather the appropriate road fund, energy fund
and exploration fund levies must be duly imposed.
4. Vehicles that run on LPG must registered as such so that a reliable database can be kept on the growing
size of that segment. Only vehicles that comply with the technical specification of the Energy Commission
must be allowed to use LPG to ensure safety of operation. Compliance with both technical and statutory
requirements of vehicles run on LPG will be monitored and enforced at the time of licence renewal and of
roadworthy certification.
5. For a start, the NPA must identify and license only a few LPG Distribution Companies and Oil Marketing
Companies (OMCs) that can participate in this new LPG market segment, in dispensing LPG to vehicles on
pilot basis.
6. Both TOR and BOST must be assisted to build additional LPG storage facilities as the current installed
capacity at TOR is woefully inadequate. Alternatively, appropriate incentives and encouragement must be
given to the private sector to, as quickly as possible, establish more storage facilities for holding stocks of
LPG badly needed by the market.
By Dr. Kwame Ampofo
Shortage LPG s in Ghana: What you need to know.
Submitted by Awudu on Sat. 02/07/2011 - 10:09
Background of the Recent Shortage of LPG
(10th - 16th June): A vessel with LPG consignment could not berth at Tema to discharge LPG for Ghana
because when it arrived, the Tema oil jetty was occupied by another vessel discharging products. This vessel
with the LPG was expected earlier but could not arrive on schedule because it had encountered a delay at the
loading port in Equatorial Guinea. The vessel waited for its turn and discharged LPG for Ghana and returned.
Upon arrival in Equatorial Guinea, it could not reload as planned because it missed its schedule. These
delays created some shortages in supply, but by June 16th, a vessel arrived to deliver 6,500mt and by 20th
3
4. June, it completed discharging all of it. This disruption of two-supply delays has far reaching consequences
on the rather tight arrangement we have with LPG.
Our Stock Position Now:
The Tema Oil Refinery (TOR), on Monday (20-6-2011) supplied almost 1000KG of LPG to the market.
What it has left in store as at Wednesday Morning (0900HRS) was 5,100KG. We are expecting additional
consignment of 4,000MT next week (29-6-2011). Presently, TOR is continuing with its weekly production of
1000MT whilst imports are expected to augment the local output. These outputs are against the background
that we are consuming about 4-5000MT every week, in the meantime our entire storage capacity is about
6,500MT. This situation leaves us with a buffer of between 1,500-2000MT only which can sustain us for
only three (3) days. These result in shortages whenever a vessel misses its berthing schedule.
What are the constraints?
The National Petroleum Authority would like to draw the attention of the consuming public to the following
constraints faced with the delivery of LPG in Ghana. These constraints are mainly in the supply chain and
are as follows:
1. Berth Constraint
Ghana’s only oil jetty located in Tema is ‘a single multi-user’ by this mean, same oil jetty serves all Ghana’s
petro-chemical needs. For instance, the jetty is used by TOR for import of LPG and export of Naphtha and
Residual Cracked Fuel Oil, Tema Lube Oil also uses the same jetty for import of Base Oil and all Bulk
Distribution Companies (BDCs) use it for the import of all other petroleum products which are also needed
most. These factors result in a tight schedule with very little or no-room for slips in laycan-(exact dates of
arrival for vessels).
2. Pumping Constraint:
The single pipeline from the Jetty to TOR is approximately 5km in distance and 6inch in diameter. This small
diameter pipeline only allows a flow-rate of 60 to 70MT an hour which takes between 4 to 5 days to deliver
an average cargo of 5000mt of LPG. In other words about 30 to 40 trucks a day (median truck size is 20mt)
and takes between 9 to 10 hours to complete.
3. Storage:
TOR can store almost 7,000MT and this is the whole capacity of the entire country.
4. Delivery Constraints:
Under normal circumstance, TOR can discharge about 1000MT of LPG to the market per day and regular
4
5. daily demand is 700MT. However, in times like this, they can stretch it to about 900mt by working extra
hours including weekends to meet the high demand. It must be noted, this must be done with all the safety
concerns in mind.
The peculiar nature of Ghana’s LPG supply cycle as enumerated above is such that a disruption of two (2)
days to the cycles causes shortages of 1 to 2 weeks flow of supplies as consumers resort to panic buying.
This is the reason why even though products are being supplied to the market now, pockets of shortages still
exist in some parts of the country. We have noticed that the long queues have been abating as the backlog of
supply has been cleared and we have returned to normalcy soon.
The Way Forward
TOR to submit cost proposal, with defined timelines, to expand the pipelines, add boosters and other
modifications to ensure quicker discharge by tankers to TOR storage.
BOST to advice on how to accelerate the project to have a Barge System at both Tema and/or Takoradi Ports
which will directly dispense LPG to the Oil Marketing Companies (OMCs) Bulk Road Vehicles (BRVs, or
Tankers). This strategy will be independent of the current jetty and free from delays arising from queues.
NPA to conduct an in-depth nationwide study on the demand (domestic and vehicles) and supply of LPG in
the country and to advice the Ministry on Medium to long term solutions to the perennial shortages of LPG
all over the country.
NPA is also liaising with the Association of Oil Marketing Companies (AOMCs) to ensure that LPG
companies extend equal supplies of LPG to the three northern regions and Brong Ahafo noted to have acute
shortages of the commodity.
The NPA is also working with TOR to ensure that vessels with LPG berth weekly to deliver product to
augment the shortfall from TOR’s production. The immediate strategy is to increase the local stock levels for
LPG to clear all backlogs of supplies created as a result of the two-delay in product delivery.
Issued By:
The PR & Consumer Service Department
National Petroleum Authority
5