Oil reserves

crude oil/natural gas and associated hydrocarbons from the relevant field. It distributes title over the crude oil/natural gas and associated hydrocarbons between the government and each of the consortium members. The various clauses are being described below under various sub heads. 6.1.1 Rights granted by PSC The major rights vests by the PSC with the selected consortium include:  The exclusive right to : a) Undertake, within the specified area, operations conducted in searching for crude…

Beard depicts The Standard Oil Company which was a massive monopoly in its time (Doc 4). Monopolies dominate the market for a single object and can manipulate the pricing, as well, which can leave many citizens paying for overpriced products. John Rockefeller, founder of The Standard Oil Company, became extremely wealthy due to the growth of his business. Through horizontal and vertical integration, The Standard Oil Company gained control of 95 percent of the country’s oil industries by the…

Mineral resources is a concentration of naturally occurring solid, liquid, or gaseous material in or on the earth’s crust that can be extracted and processed into useful materials at an affordable cost. Mineral resources are essential to support sustainable economic growth and our quality of life. Therefore, it is important to have sufficient supply of materials to provide for infrastructure, buildings, energy and goods. However, since mineral resources are nonrenewable natural resource, and…

Many people use herbal remedies as an alternative to medicine because they believe this route provides a “natural” way for healing and treatment of illness. Ashwagandha, a plant that grows year round in India, is an herb used for its therapeutic properties. In the language, Sanskrit, ashwagandha means “the smell of a horse.” One theory on how this evergreen shrub was given its name is because of the strong odor of the root of the plant. Another theory suggests the name was acquired for the…

Froth Treatment: Oil Sands Bitumen Recovery Introduction This description will give you an understanding of the fundamentals behind the Bitumen Froth Treatment process, as performed at Naphthenic Froth Treatment (NFT) operating sites. Bitumen is the valuable hydrocarbon component of the ore formation which begins in the ground, and is extracted by the Mining department. Prior to entering the Froth Treatment facility, the Bitumen Froth is created by mixing the ore with hot water for…

Despite the negative health effects that skin-lightening products pose, two major factors play an important role in persisting sale of these products. One of the first reason being is the media ownership which is dominated by the West. As noted by Dwayne Winseck, nine out of top ten global media companies are owned by Western countries and “they operate across many different media markets, including television, film, newspapers, publishing and the internet” (2011:20). This concentration of media…

Unocal Oil Company of California (Unocal) was founded in 1890, and has developed into a full service oil business in 1990’s. The services include extraction, refining, distribution, marketing, and retail. In the United States most of the oil fields were almost depleted, so Unocal turned to foreign investments focusing on presenting the fact that they had expertise in all aspects of oil and gas production to the governments. “One of the international projects that attracted the company’s…

1 Introduction Berberine (BBR), an isoquinoline alkaloid (Fig. 1), is isolated from many medicinal herbs, such as Coptidis rhizome (Coptis chinensis Franch.) and Cortex phellodendri (Phellodendron chinense C.K.Schneid.) (1). BBR has been used to treat microbial infection, diarrhea, and other gastrointestinal (GI) diseases due to its antibacterial, antidiarrheal and strong antidotal properties (2, 3). In recent years, much focus has been put on its other potential bioactivities, such as…

Energy is one of the most fundamental thing in all kind of life on earth. It allows people to travel across the globe, it provides electricity to our homes, it is critical to almost all the basic human activities. This fact makes the energy sector one of the most important sectors that gives input to many other sectors (Bozkurt, 2010). As a matter of fact, electricity changes the way people live and see the world and without it everything would be different. Apart from that, economical…

government and other high level authorities. Zinn uses Rockefeller as evidence for his thesis, stating that he had secret arrangements with railroad companies. (Zinn, 56) Rockefeller made promises to ship his oil with these companies if he got a cheaper rate, which saved money and kept his cost of oil down. This made him the cheapest, and competitors had to sell at higher costs, which would lose them business, and eventually be forced out of business…