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Oil & Gas

Transcript: Industries, Open Secrets. "Oil & Gas." Opensecrets RSS. Opensecrets, 14 Dec. 2014. Web. 02 Feb. 2015. * In 1998 the total money spent was $62.7 million and between 1998 to 2007 the total money spent slowly but steadily increased to $86.5 million. * In 2009 the money spent reached a maximum of $174.7 million. * Lately however the years of 2009 have shown a trend of money spent ranging at around $144 million. Biggest Contributors Republicans Dominate In Contributions! * According to the table below the Republicans clearly contributed more between 1990 and 2014. * This isn't surprising because Republicans by nature have been know to focus on big business like oil and gas. * In 2012 Republicans contributed a peak amount of $ 51.7 million. Oil & Gas By: Pavan Patel Top Five Recipients 2013-2014 1.) John Cornyn--Senate--$863,206 2.) Mary L Landrieu--Senate--$664,996 3.) John Boehner--House--$649,689 4.) Cory Gardner--House--$614,899 5.) Mitch McConnell--Senate--$611,858 Oil & Gas:Background 1.) Companies who were interested in oil and gas Contributed over $70 million for candidates in 2012 which is more then double in 2010. 2.) Oxbow Corp., the industry's top high-roller, sent $3.75 million to Restore Our Future, a preservationist super PAC that backed Romney, in the 2012 campaign. 3.) Obama allowed sea penetrating in a few territories yet has been hesitant since the 2010 Deep water Horizon oil rig blast in the Gulf of Mexico. 4.) Political gifts from the business have tackled an inexorably preservationist part in the course of recent decades. In the 2012 cycle, 90 percent of its commitments went to the GOP. 5.) An increase in the amount of natural gas in the U.S. could cause companies to see massive profits from abroad. Works Cited Total Money Spent * The total money spent in 2014 was $140.4 million. * The biggest Contributor was Koch Industries with $6,446,635 million. * There is a Major GAP between Koch Industries and Ken Davis Finance, which is the second biggest contributor; about $3,586,773 million. * Koch Industries contributed about 13.6 times more money then the lowest contributor ConocoPhillips.

Gas/oil

Transcript: When many of us think of oil, we think of the stuff that we put into our car engines. We might also think of gasoline (also known as petrol) - the stuff that our cars need to run on. In reality, crude oil is a much larger part of our lives than many of us realize. There are more than 4,000 different petrochemical products. These products are manufactured by refining crude oil. Here are some common products that are made from oil: •Gasoline •Diesel fuel •Heating oil •Jet fuel •Bunker fuel •Fertilizers/pesticides •Plastics •Synthetic rubber •Synthetic fibers •Fertilizers/pesticides •Dyes •Paint •Detergent •Photographic film •Food additives (canned food) •Medicine •Synthetic fibers (such as polyester, nylon, acrylic) •Make-up •Candles It would be extremely difficult (probably impossible?) to live a civilized life in a developed country without using oil. Even those of us who are concerned about the environment, can’t help but use products that are derived from crude oil. Sad but true. Oil spills affect water in a variety of ways. When oil is released into water, it does not blend with the water. Oil floats on the surface of salt and fresh water. Over a very short period of time, the oil spreads out into a very thin layer across the surface of the water. This layer, called a slick, expands until the oil layer is extremely thin. It then thins even more. This layer is called a sheen and is usually less than 0.01 mm thick. Researchers have developed a special filter coating that essentially can strain oil out of water In contrast, a near shore oil spill can be totally controlled by currents and wave action that causes the oil to come ashore, damaging marine shoreline habitat. Purpose and use Effects on the Water crude oil

Oil & Gas

Transcript: Health Oil field jobs in Texas are growing due to oil’s high price and demand throughout the country. Texas has the highest oil output of any US state – producing around sixty million barrels of crude oil every month. This equates to approximately one third of the USA’s entire crude oil production. This level of oil production naturally generates a large number of oil-related jobs within the state.Oil field workers can generally find jobs in the larger oil producing areas of the state. The largest fields can be found at Spraberry Trend, in West Texas, which spreads over 2,500 square miles, and the East Texas oil fields which contain more oil than any other oil field in the United States. Top oil company in the world Michael Mercer Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, is the state-owned oil company of the Kingdom of Saudi Arabia. During their 80-year history they have become a world leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing, and the world’s top exporter of crude oil and natural gas liquids (NGLs). The company manages proven conventional crude oil and condensate reserves of 260.2 billion barrels. Their average daily crude production in 2012 was 9.5 million barrels per day (bpd). Saudi Aramco and its subsidiaries own or have equity interest in domestic and international refineries with a total worldwide refining capacity of almost 4.5 million bpd, of which their equity share is 2.4 million bpd, making them the world’s sixth-largest refiner Oil spills in the gulf Top 10 biggest oil discoveries in the world for 2013 Saftey Having good health is the number one key to being a successful worker. This requires to be eating the correct way. Candy bars and or items with high sugar are not the best things to eat. Stick to fruit, veggies, and other healthy items. Try not to skip breakfast, its the most important meal to get you going for the day. Keeping your body in good shape will help you to last throughout the day. Ovoid inhaling strong chemicals and gases. It can lead to illnesses and diseases. Use gas mask when chemical smells are strong. When you are near well heads there are always strong smells. Every year people become sick because of strong chemical smells that they could of ovoided by wearing gas mask. Job opportunity's in Texas Safety is one of the most important things you need to be aware of when you are on a job site. Many people get injuries from not wearing the basics, like hard hats or safety glasses. But serious injuries occur when people don't handle explosive and flammable items the correct way. You should always be wearing the proper required safety items on a job site. 1. Agulha/Coral gas discoveries offshore Mozambique by Eni — 700 million BOE each 2. Lontra discovery in Angola by Cobalt International Energy – 900 million BOE 3. B14/B17 gas discoveries in Malaysia by Newfield Exploration – 850 million BOE 4. Ogo discovery in Nigeria by Afren / Lekoil — 775 million BOE 5. Nene Marine discovery in Congo Brazzaville by Eni — 700 million BOE 6. Tangawizi gas discovery offshore Tanzania by Statoil – 575 million BOE 7. Coronado oil discovery in U.S. Gulf of Mexico by Chevron – 550 million BOE 8. Salamat gas discovery in Egypt’s East Nile Delta by BP – 500 million BOE 9. Maximino oil discovery in Gulf of Mexico by Pemex – 500 million BOE. 10. Bay du Nord discovery offshore eastern Canada by Statoil and Husky — 450 million BOE What is fracking? Hydraulic fracturing, or fracking, has played an important role in the development of America's oil and natural gas resources for nearly 60 years. In the U.S., an estimated 35,000 wells are processed with the hydraulic fracturing method; it’s estimated that over one million wells have been hydraulically fractured since the first well in the late 1940s. Each well is a little different, and each one offers lessons learned. The oil and natural gas production industry uses these lessons to develop best practices to minimize the environmental and societal impacts associated with development. Jan. 23, Port Arthur, Texas: The oil tanker Eagle Otome and a barge collide in the Sabine-Neches Waterway, causing the release of about 462,000 gallons of crude oil. Environmental damage was minimal as about 46,000 gallons were recovered and 175,000 gallons were dispersed or evaporated, according to the U.S. Coast Guard. April 24, Gulf of Mexico: The Deep water Horizon, a semi-submersible drilling rig, sank on April 22, after an April 20th explosion on the vessel. Eleven people died in the blast. When the rig sank, the riser—the 5,000-foot-long pipe that connects the wellhead to the rig—became detached and began leaking oil. In addition, U.S. Coast Guard investigators discovered a leak in the wellhead itself. As much as 60,000 barrels of oil per day were leaking into the water, threatening wildlife along the Louisiana Coast. Homeland Security Secretary Janet Napolitano declared it a "spill

PowerPoint Game Templates

Transcript: Example of a Jeopardy Template By: Laken Feeser and Rachel Chapman When creating without a template... http://www.edtechnetwork.com/powerpoint.html https://www.thebalance.com/free-family-feud-powerpoint-templates-1358184 Example of a Deal or No Deal Template PowerPoint Game Templates There are free templates for games such as jeopardy, wheel of fortune, and cash cab that can be downloaded online. However, some templates may cost more money depending on the complexity of the game. Classroom Games that Make Test Review and Memorization Fun! (n.d.). Retrieved February 17, 2017, from http://people.uncw.edu/ertzbergerj/msgames.htm Fisher, S. (n.d.). Customize a PowerPoint Game for Your Class with These Free Templates. Retrieved February 17, 2017, from https://www.thebalance.com/free-powerpoint-games-for-teachers-1358169 1. Users will begin with a lot of slides all with the same basic graphic design. 2. The, decide and create a series of questions that are to be asked during the game. 3. By hyper linking certain answers to different slides, the game jumps from slide to slide while playing the game. 4. This kind of setup is normally seen as a simple quiz show game. Example of a Wheel of Fortune Template https://www.teacherspayteachers.com/Product/Wheel-of-Riches-PowerPoint-Template-Plays-Just-Like-Wheel-of-Fortune-383606 Games can be made in order to make a fun and easy way to learn. Popular game templates include: Family Feud Millionaire Jeopardy and other quiz shows. http://www.free-power-point-templates.com/deal-powerpoint-template/ Quick video on template "Millionaire" PowerPoint Games Some games are easier to make compared to others If users are unsure whether or not downloading certain templates is safe, you can actually make your own game by just simply using PowerPoint. add logo here References Example of a Family Feud Template PowerPoint Games are a great way to introduce new concepts and ideas You can create a fun, competitive atmosphere with the use of different templates You can change and rearrange information to correlate with the topic or idea being discussed. Great with students, workers, family, etc. For example: With games like Jeopardy and Family Feud, players can pick practically any answers. The person who is running the game will have to have all of the answers in order to determine if players are correct or not. However, with a game like Who Wants to be a Millionaire, the players only have a choice between answers, A, B, C, or D. Therefore, when the player decides their answer, the person running the game clicks it, and the game will tell them whether they are right or wrong.

oil & gas

Transcript: Current Trends - Surmont oil sands - Production startup targeted for 2015; net production is expected to increase to 50,000 barrels per day by 2016 - Foster Creek Phase F - Net peak production is anticipated to increase by 42,500 barrels per day beginning in 2014 - Christina Lake - Net peak production is anticipated to increase by 47,000 barrels per day beginning in 2014 - Narrows Lake - Initial production is anticipated in 2017 - Purpose: provide domestic firms an incentive to increase domestic employment in manufacturing - Effect to the industry: 1. Production of petroleum products is indirectly related to the level of employment 2. Little effect on drilling budgets - Increased treasury stock repurchase and dividends paid per share during the recent years ConocoPhillips 4. Repeal Tertiary Injectants Deduction (continued) Asia Pacific 6. Changing the LIFO provision - Spun off downstream operations into Phillips 66 to focus on growth - Expansion work in several areas - North Sea - US shale assets - Focus on lower-risk geographies and geologies 77% of reserves in N. America and Europe Unconventional Exploration: The United States - Malaysia - Development of the Gumusut deepwater oil discovery in Block J continues - First production from Gumusut is anticipated in 2012, with estimated net peak production of 32,000 barrels of liquids per day occurring in 2014 Reserves by Region Future Prospects - Purpose: allow a quicker return of invested capital through reduced tax payments - Effect to the industry: 1. IPAA estimated an initial year reduction of 3 billion in investment of U.S. oil development 2. Affected by both increased tax and oil price - Income tax increase estimation: ConocoPhillips NI 2010/ Major Petroleum Companies NI 2010 x Tax Revenue Estimate - Africa: Angola Blocks 36/37 - Drilling in 2014 - Asia: Bangladesh blocks 10 and 11 - PSC signed Q2 2011; completed seismic Q1 2012 - Europe: Barents Sea PL605/PL615 - First well 2013+ Canada SAGD: Opportunity to unlock additional 8.6 BBOE resources with technology - U.K. - Jasmine: first oil expected 2nd half of 2013 - Exploration program at Greater Clair - Norway: - Greater Ekofisk projects on track - Exploration and development of new fields - Acquisition of existing fields - Application of new technologies and processes to improve recovery from existing fields Reserves – Plans for Growth 1. Repeal Expensing of Intangible Drilling Costs (continued) 1. Repeal Expensing of Intangible Drilling Costs - Poland - Western Baltic Basin Shale Pilot Expectations 2. Repeal Percentage Depletion Allowance - Deductions for intangible drilling costs - Percentage depletion - The domestic manufacturing deduction - The deduction for tertiary injectants - The amortization of geological and geophysical expenditures - The use of the LIFO method for accounting for oil and gas inventories - The exception to the passive loss limitation rules for working interests in oil and gas properties. More Tax Incentives Grace Ko Joyce Zhou Lucy Lu Siming Yang Tony Kung 3. Repeal Manufacturing Tax Deduction (continued) 7. Repeal Passive Loss Exception for Working Interests (continued) Reserves: 2009 - 2011 5. Increase Geological and Geophysical Amortization Periods (continued) - Australia - Canning Basin Shale Pilot - Purpose: allows working interest party to deduct passive losses before a well becomes profitable - Effect to the industry: - Increased risk - Reduction in investments Stock Price, 12 Months Conventional Deepwater Exploration: International Other Strategic Moves 5. Increase Geological and Geophysical Amortization Periods - Purpose: maintain the output level of older wells - Effect to the industry: only reduce oil output from older producing fields during periods when the profit margin, and the price of oil, is low 7. Repeal Passive Loss Exception for Working Interests Tax Revenue Projected by Congressional Research Service Strategic Moves Unconventional Exploration: International 4. Repeal Tertiary Injectants Deduction Future Directions “ConocoPhillips is progressing through a three-year strategic plan to reposition the company. We are focused on optimizing our portfolio , enhancing returns, strengthening our financial flexibility and increasing shareholder distributions.” --ConocoPhillips 2011 Summary Annual Report - Spun off downstream operations as an independent company, Phillips 66, and - Refocused as a pure-play exploration and production company. Company Overview and Reserves Europe Total Tax Effects Future Growth Outlook The major tax provisions that will be repealed: - Aim to construct a diversified portfolio by -continuing to expand operations internationally -increasing investment in unconventional sources (current boom in shale oil) - Reinforce R&D efforts to facilitate -exploration and production (e.g. improved recovery) -coping with domestic and international environmental regulations - Continue to project management confidence through financing activities while

Oil&Gas

Transcript: Oil and Gas Basic Oil and gas usually found together Created from animal remains and millions of years of pressure, heat and bacteria Used for energy Most of Canada’s oil comes from Alberta Pumps are used to extract oil and gas Creation Oil and gas formed millions of years ago Created because of remains of marine animals and plants that fell to ground The remains got covered by sand and silt The weight compressed the remains and with the help of bacteria, heat, and pressure the remains turned into oil and gas. Places to Find Oil Geologic history that has allowed oil and gas to form Rock structures that allow the trapping of soil Places identified with fossils Rocks that on surface that clue presence of oil Searching for Oil and Gas Seismic surveys; shock waves into ground to locate presence of oil and gas Drilling into ground Observing rocks that contain right conditions for oil and gas to form Development 2 ways to retract oil and gas Flowing wells and non-flowing wells Very difficult to remove oil and gas from deposits Flowing Wells Flow is natural Great pressure brings oil to top Valves control flow of oil Valve series called “Christmas Tree” Non-flowing Wells Used when there isn't enough pressure Electric-powered or gasoline-powered pumps are used to retract oil and gas Development Gas, oil, and water are separated once reached to surface Once separated oil and gas are transported through pipes to petroleum refineries Location Most of Canada's oil comes from the Boreal Plains and Praries ecozones (B.C, Saskatchewan, Alberta, N.W.T) Newly discovered areas include Atlantic Coast and Arctic Most of the Oil sands and Gas fields are in Alberta Oil and Gas are environmental hazards and is destroying our ozone Burning these resources put emissions into our atmosphere, causing health problems and natural disasters (global change) Future Canada at the moment is rated second, according to the EIA, for oil and gas reserves By 2050 it is thought that Canada will turn out the top in the world of oil and gas production Trading Canada's Natural Gas is mainly traded within our own provinces and the USA They're transported through pipelines across provinces and states Canada's oil is traded with our western, central provinces ( as most of its imported in the eastern/maritime)and the USA (also with pipelines) THANKS FOR WATCHING :D Issues Canada's Natural Resource

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