Challenges in Oil Gas Industry - 5117 Words

Current Emerging Challenges in Global Oil Gas Industry Submitted By: ABHISHEK KUMAR ROLL – 02 PGDM - IB Under the Guidance of: Prof. C P JOSHI HOD (Strategy, International Business General Management) Current Emerging Challenges in Global Oil Gas Industry 1. Topic: Current Emerging Challenges in Global Oil Gas Industry 2. Objective: This seminar paper aims to briefly analyse the current challenges faced by Global Oil Gas companies and its impact on the global energy sector 3. Methodology Used This Seminar paper will primarily be based on the secondary research. Newspaper articles, case studies and industry magazines Journal will largely constitute the seminar paper contents. ABHISHEK KUMAR Roll -02†¦show more content†¦The IEA is calling for an energy supply investment of $ 1 Trillion per year through 2030. The ensuing supply crunch may further raise the oil prices and threaten economic recovery. In recognition to this dilemma, some countries have introduced fiscal incentives to prop up key industry players. Brazil’s national development bank, committed over US $10 Billion to state –controlled oil producer Petrobras. This followed a similar investment by Mexico’s government in its oil producer, Permex, to fund the construction of new refinery. Figure i- Source – World Energy Report 2012 ABHISHEK KUMAR Roll -02 PGDM –IB 2011- 13 Page 3 Current Emerging Challenges in Global Oil Gas Industry Figure ii: Source Barclays Capital 4.2 High operating Cost leading to Lesser Profits For oil and gas companies across the supply chain, high commodity prices in recent years translated into more than record profits. They also served to stimulate development of higher cost, unconventional crude and gas resources, which, in turn, pushed up the costs of engineering, procurement, construction, equipment, labour, land and other critical inputs. As a consequence, when price fell precipitously capital was already committed and cost failed to drop as steeply. In response to lower current cash flows and the projected margin squeeze on new investment, companies around the world have begun to delay and cancel projects.3 According to the Canadian Energy ResearchShow MoreRelatedFactors And Challenges Of The Oil And Gas Industry1455 Words   |  6 Pagesand Challenges to the Oil and Gas Industry Dr. Saman Aryana â€Æ' Contents Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....2 Challenges to Oil and Gas Sector†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 Worsening Fiscal Terms†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 Conventional Reserves in Challenging Areas†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 Environmental and Health Issues†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..4 Issues Related to Petroleum on Economy†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4-5 Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...9 â€Æ' Introduction Oil and Gas sectorRead MoreRole Of Predictive Analytics For Asset Optimization Of Oil And Gas Industry Essay980 Words   |  4 PagesRole of Predictive analytics in Asset Optimization in Oil and Gas Industry In recent times, Predictive analytics has started to play an important role in asset optimization in various industries. One such industry which is highly asset intensive is the oil and gas industry, a capital intensive and equipment heavy industry with lot of scope for improvement in asset management, supply chain network optimization, and operational management with its multiple assets ranging from drilling rigs, wells inRead MoreEssay about JWI515 Week 5 Assignment 21521 Words   |  7 Pagesa company understand the structure of its industry and stake out a position that is more profitable and less vulnerable to attack. By understanding how the five competitive forces that shape strategy influences profitability in a particular industry, executives can develop a strategy for enhancing their company’s long-term profits (Porter, 2014). Define the relevant industry: The Oil Service Industry The oil/energy industry is one of the largest industries in the United States. According to the DepartmentRead MoreInformation About Oil And Natural Gas Extraction Industry1373 Words   |  6 Pagesabout Oil and Natural Gas Extraction Industry This Report requested by the principal financial investor, Dr. Maria D. Davidson, includes information required to make an informed decision on whether or not to diversify into the Oil and Natural Gas Extraction industry. The Oil and Natural Gas Extraction industry is involved in the processes required to find and extract crude oil and natural gas. The Oil and Natural Gas industry has performed well in recent years despite economic challenges due toRead MorePestel Analysis Is A Marketing Framework Used To Identify748 Words   |  3 Pagesanalyze the macro-environmental factors surrounding an industry or an organization. The frame work consist of five components: Political, Economic, Social, Technological, Environmental, and Legal. Political The Oil and Gas industry is heavily impacted by political factors by means such as tax policy, import export, exchange rate, and so on. Below are most recent change in global political context. †¢ The relationship between the US dollar and oil prices. When the USD strengthens, the price of commoditiesRead MoreAnalytics In Oil And Gas Essay1068 Words   |  5 PagesRole of Analytics in Global Oil Gas Introduction: The usage of oil and gas goes on increasing day by day. So, the methods used for extractions must be changed to face the normal need of these oil and gas in future. There are many challenges which the oil and gas industries are facing to satisfy the demand of these resources. To overcome these challenges, the use of digital data kicks in the form of Big Data and Analytics helping to collect and analyze vast amount of data which are obtained duringRead MoreEnergy Scene : Global Warming, Reserve Depletion, Security Concerns And The Rising Energy Prices1314 Words   |  6 PagesENERGY SCENE OVERVIEW Oil and gas energies are considered nowadays the main drivers of the economic growth and development in a global level. Oil consumption has witnessed an exponential growth since the 1900’s, where it was first discovered. More efforts are targeted towards the optimization of the exploration and refining operations in order to satisfy the continuously growing demand. The world population estimates developed by the UN suggest that the world population will reach 9.1 billion byRead MoreCompetitive Analysis : Shell Company1683 Words   |  7 PagesCOMPETITIVE ANALYSIS Shell is the largest oil, gas, and energy company compared to Total, Exxon, Chevron, and BP. Shell is very competitive and innovative because they out-think their competition always change their strategy to be the best. Shell changed their name from Shell Oil Gas to Shell Energy to set them aside from the competition which was a brilliant move. Peter Voser, the Chief Executive Officer of Royal Dutch Shell stated, â€Å"We are delivering a strategy that others can’t easilyRead MoreIndustry Analysis : The Oil And Gas Industry976 Words   |  4 PagesIndustry Analysis: The oil and gas industry is expansive and rather complex industry consisting of oil, fossil fuels, natural gas, oil and green energy sources. Combined the above sources make-up 32% of total energy consumed worldwide. Three sectors define the value chain of the oil industry; Upstream – which is the process of exploration and extracting the natural resource, control storage and entail refinement process. Midstream – consisting of distribution by pipelines and large quantity shipmentsRead MoreBenefits and Drawbacks of Countries Dependent on Oil and Gas Essay851 Words   |  4 Pages1 – Global Resources The distribution of natural resources like oil and gas are unevenly distributed across the world (Stutz, 2007). This essay will explain where the majority of oil and gas is located. Thereafter, the focus will be on the benefits and drawbacks of countries that are dependent on oil/gas. Finally, a conclusion will be given which sums up the most important factors. Allocation Oil/Gas The majority of the oil reserves are located in the Middle East. An estimate of 65% of the

Genetic Engineering Free Essays

Genetic Engineering – A Curse or a Blessing? What is geneitc engineering? Many struggle to understand the real meaning and outcrops of this complicated, highly expensinve procedure. Genetic Engineering is a direct human manipulation of an organism’s DNA structure. As intricated as it seems, it’s a technology that has been used for decades, and is soon to outbreak into a real â€Å"Cloning Aeon†. We will write a custom essay sample on Genetic Engineering or any similar topic only for you Order Now Therefore, how could we know the benefits and the drawbacks of this technique? Let us take a hinge at the striking, egregious discoveries this subject has brought to the world: from SciFi novels to the first synthetic life forms, from genetical engineered wheat to dreaful mutations of the human bodies. Indeed, it seems as if we are already living the much-dreamt-of blazing, scientific inventions. Still, if so many types of drugs and cures have been made-up from just a few mutations, one may wonder how come the biggest issues regarding human incurable illnesses have not been resolved yet. No one can deny this: we own a technology way beyond our understanding, we hold a highly destructive power in our rubber science lab gloves, yet we feel listless when facing the most questionable allegation: Where are the cures for Cancer, AIDS and Alzheimer, diseases that break our world apart? Isn’t it curious how scientist try to create artificial lives instead of curing the genuine ones? We should admit that it’s not to be our â€Å"contemporany age† anymore. It’s a dawn of biohackers. Biohacking comes along with interests. Interests come along with strifes. And strifes inevitably lead to casualties. By the same token, millions of people could be left to struggle in an obscure, isolated self-made world in which they think they could be saved. It’s a tryout, it’s a new selection that many conspiracies theories affirm. Although we should not forget the cloned Dolly sheep and the rest of the pioneers in this area, I dare say that genetic engineering has not yet proved to be something more than a handicap to what human society might mean. How to cite Genetic Engineering, Papers Genetic Engineering Free Essays Scientists cross breed them. Most commonly used are genetic fruit flies to study the effects of genetic changes on development. Flies are preferred over other other animals because their vertebrae are simpler than other organisms. We will write a custom essay sample on Genetic Engineering or any similar topic only for you Order Now Modified bacteria are used to produce the protein insulin, to treat genetic diseases like diabetes, hemophilia, and dwarfism. Transgenic animals have had their genes altered. A majority of these animals are mice. Scientists can now produce these animals thanks to Crick and Watson discoveries. A transgenic plant; however, has genes that have en inserted in them rather than through pollination. Benefits of these plants are that they can fight droughts, as well as insect resistance. Less pesticide would be used. An example of a transgenic plant is the rape plant, which pollinates weeds. According to Google. Com, DNA fingerprinting is the analysis from samples of body tissues or fluids in order to identify individuals. It is very unlikely two people would have the same fingerprint. DNA fingerprinting is beneficial in many ways including paternity tests, crime investigation and identify organisms causing a diseases. The testing can be done voluntarily by providing a sample of blood or a swab of the cheeks inside a person’s mouth . The Human Genome Project was completed in April 2013 and it was a computerized system where you donate your DNA to be scanned into a computer base worldwide. They match your DNA with people all over the world. You paid to have your DNA sent in and all our genes sent together are known as a ‘genome. ‘ The project is beneficial because they can track diseases and help prevent them. Gene therapy is a technique that helps prevent or treat disease by using genes. Gene therapy is not unethical, it could prevent diseases from passing down through generations. I feel this way because it could help cure diseases that we never had the privilege to cure before. If I were to create my own transgenic organism it would be a mix between contractible that captures light from the sun and a cow. Transgenic cow, can provide food and sunlight received from the bacteria. It does not take up farmland all it has to do is stand in the sun. It can get all the protein and nutrients needed. Cows give us milk and meat, which could be healthier without all the pesticides. I would all the animal cannon. How to cite Genetic Engineering, Papers

Biotechnology Pros And Cons Essay Research Paper free essay sample

Biotechnology: Professionals And Cons Essay, Research Paper Biotechnology: Professionals and Cons Throughout this past semester many of import ecological quandaries have come to my attending. The most dramatic environmental issue that I have noted this semester has been agricultural Biotechnology. A reputable definition of Biotechnology would be? the means or manner of pull stringsing life signifiers ( beings ) to supply desirable merchandises for adult male # 8217 ; s usage? ( www.biotechknowledge.com ) . Scientists are pleased due to the reaching of biotechnology, believing that it will replace original, conventional genteelness methods. After all, it seems like it is a smarter, less expensive manner to turn our universe? s nutrient supply. But allow? s note that this scientific pattern is truly non that new. The word biotechnology was introduced in 1919 by a scientist by the name of Karl Ereky in demoing adult males interaction with biological science utilizing modern engineering. But, Biotechnology in its agricultural facets is merely one of the many Fieldss of this survey. Some other countries in this survey are: recombinant DNA, rDNA or cistron splice, enzyme systems, meristem civilization, mammalian cell civilization, immunology, molecular biological science, agitation, and others. But, worlds are get downing to see the non so perfect traits of biotechnology, and even acknowledging it as a type of? biological pollution? ( Nill, 03 ) . ? Biological pollution? , as viewed by Michael Pollan, can even be seen as a? disease? ( Pollan, 186 ) . There are many grounds why we should lodge to our conventional ways of turning nutrient, these grounds are because biotechnology is bring forthing effects that are unfavourable to the wellness of worlds and of our ecosystems. Using the biotech manner, we could be seting ourselves at hazard of legion wellness jobs. With conventional genteelness methods, pesticides were sprayed on the exterior of the fruit, where they can be easy washed off. But, biotech nutrients are non that easy free of chemicals. When the pesticide is placed inside a fruit? s DNA make-up, it literally becomes portion of the fruit. You can non rinse this off. Potato agriculturist Pollan reported that? ? in the Grower Guide besides brought intelligence that my murphy workss were themselves a pesticide, registered with the Environmental Protection Agency? ( Pollan, 184 ) . Would you candidly eat a piece of fruit or a vegetable that can kill all insects on contact? We are non speaking about something with merely a waxy movie on the exterior ; it is really incorporating a chemical that itself can kill life. Conventional genteelness methods would let rinsing the fruit four times to be safe, but this is non an option for Biotechnology. Biotechnology is non merely bad for our wellness, but it is besides capable of truly messing up our ecosystems. We are ready to works Fieldss of veggies that can pass over out an full species of insect in a designated country. Insect-fighting capablenesss of Biotechnology are even seen to be futile in the hereafter. The insects will hold built a opposition in clip and this is merely money out of husbandmans? pockets. It can non wholly pass over out all the bugs anyhow, because bugs are truly responsible for the procedure of pollenation. No pollenation would intend no flowers, no flowers would take to fruit, that would bear seeds to get down off a whole new coevals of workss. It besides brings up another issue. Just what if some bugs managed to do it, and so started distributing about pollen from workss that are immune to bugs. We will stop up traversing the incorrect bugs together, and they could shortly develop a opposition to the Bt chemical. ? The theory is that when a Bt-resistan t bug does demo up, it can be induced to copulate with a susceptible bug from the safety, therefore thining the new cistron for opposition, ? ( Pollan, 187 ) . This means that if we have a clump of? ace bugs? winging about, they will be immune to even crops that Don? T usage biotechnology, they will be immune to the organic 1s that merely use Bt sprays. Besides all the immediate, obvious menaces, allow us non bury the fact that the authorities is and has been seeking to conceal the fact that Bt merchandises are already being sold. You would calculate that in the? land of the free? we would hold the freedom of pick. How do we cognize if this Bt material is safe, and if it is so safe, so why aren? T we told which are Bt merchandises and which 1s aren? T? But one should non be biased in their strong beliefs, so allow us see the positions of Biotechnology. Many people in the universe today hold this optimistic position of Biotechnology. With our universe turning quickly and the populations lifting to impossible highs, new thoughts of ways to suit our demands should be thought of. However, we should, at the same clip, non utilize up all of our Earth? s resources. ? With the coming of biotechnology, agribusiness is come ining the information age? ? ( Pollan, 183 ) . So, we have started recycling plans, ways of continuing energy, and now we have reasonably much tackled this enterprise called Biotechnology. It allows us to turn nutrients that are able to protect themselves from annoying bugs, while at the same clip bring forthing more and better-qualified nutrient. With biotechnology, the possibilities and its benefits over regulation anything that is considered negative about it. It may be the method of farming that can salvage our universe from famishment in future. Alternatively of utilizing this dearly-won and inefficient manner of farming affecting the impregnation of workss, daily, with tonss of pesticides and weedkillers, these Bt workss are designed to be a batch smarter than that. These workss have the existent pesticide genetically inserted into their Deoxyribonucleic acid make-up. This manner, workss can support themselves from beetles and other destructive bugs that have wiped out complete harvests in the yesteryear. Biotechnology has been described by professionals as? portion of a? new agricultural paradigm? that will do farming more sustainable, feed the universe and better wellness and nutrition? ? ( Pollan, 183 ) . Most husbandmans know how expensive continual crop-dustings of chemicals become, and besides how bad they can be for our environment. Pesticides finally leach into our dirts and contaminate H2O supplies with nitrates and other chemicals that are harmful to any populating thing? s wellness. Insects have been destroying h arvests for 100s of old ages, and go on to in our century as being a truly large job in harvest production. Bt fruits and veggies are able to contend off these insects, and remain healthy right down to the twenty-four hours that they are served on your dinner tabular array. I know what you must be believing, if Bt pesticides are so damaging to wellness when sprayed, so how are pesticides any better when they are inside the vegetable or fruit? The reply is that these biologically engineered nutrients are in fact, really safe. ? EPA designates Messenger [ a type of biologically engineered chemical ] as a Toxicity Category IV merchandise, a appellation reserved for stuffs with the lowest jeopardy potency, ? ( www.edenbio.com ) . The EPA declared them safe to eat, so Bt merchandises are non labeled as merchandises utilizing a Bt pesticide in them. Anyhow, this toxin made in the genetically engineered murphies, and many other biotech workss, is the same insect powder husbandmans have relied on for old ages, merely externally. Trials have been prepared and this research has shown that on worlds, Bt merchandises have no grounds of any kind of allergic reaction or hypersensitivity. Another ground why we should go on utilizing biotechnology is because we have really been devouring these merchandises all along. Food using this method of agriculture has been on our food market shelves for rather some clip now. The EPA doesn? t see these merchandises as existent pesticides, but merely as? additives? to the original nutrient. Additives are non harmful, so why should we worry? If the bureau that is designed to happen incompatibilities in nutrient is back uping biotechnology, so it should decidedly be considered safe. As you can see, we have a batch of believing to make when it considers our future environment. We merely can non utilize up all the foods in our dirt until it all goes rancid, and we surely can non foul our Earth? s resources with pesticides and other chemicals that we use to turn our nutrient. After all, the Earth is the 1 topographic point that provides us with nutrient, so we truly can non harm it for the interest of turning nutrient. We might wake up one twenty-four hours with an Earth that is excessively contaminated to turn nutrient in. So I truly believe that biotechnology is good for many grounds. We will no longer be fouling our dirt and H2O, and in the terminal, we will hold stronger and healthier workss. We will besides hold a much more abundant supply of nutrient that we can portion with many 3rd universe states that can non even give every bit much nutrient as we do now already. So, when be aftering the hereafter, we should see the benefits of biotechnology! 1. Nill, Kimball. ( 2000 ) . Glossary of Biotechnology Footings. New York: Technomic Publishing, Inc. 2. Online. Biotechnology. Http//www.biotechknowledge.com 3. Online. Eden? s Harpin Technology. Http//www.edenbio.com 4. Pollan, Michael. ( 2000 ) . ? Fried, Mashed or Zapped with DNA. ? Positions on Agriculture and the Environment, 183-196.