
- •Introduction to Economics and management
- •Terms and Vocabulary
- •What does economics study?
- •The economy and economic systems
- •Unit 2 Finance
- •Terms and Vocabulary
- •Financial institutions
- •Financial management
- •Unit 3 stock
- •Terms and Vocabulary
- •3. Read the text, do the exercises securities markets
- •How to make money in the stock market
- •Unit 4 the economy of petroleum industry
- •Terms and Vocabulary
- •Oil and Gas in Russia. Development and Financing of Large Projects
- •Opportunities Await u.S. Independents willing to Change
- •Independent types
- •Lehman Bros: e&p spending to see slower growth
- •International spending
- •Halliburton
- •Rosneft
- •Unit 5 Taxation and audit
- •Terms and Vocabulary
- •Taxation
- •Kazakhstan’s New Oil Tax Regime Two types of contracts
- •Different fiscal systems complicate reserve values
- •Term uncertainty
- •Fiscal systems
- •Definitions of reserves “Booked”
- •Auditors and their reports
- •Independent Auditor’s Report
- •Consolidated Balance sheet derived from the consolidated financial statements – year ended 31 December 2003
- •Unit 6 Production and Costs
- •Terms and Vocabulary
- •Production and Costs
- •The Benefits of Being Small: Balancing Economies of Scale Against the Advantages of Intimacy Is a Delicate Task
- •Сущность и структура издержек производства
- •Unit 7 business plan
- •What does the model structure of business plan look like?
- •1.0 Executive Summary
- •Investment
- •3.0 Services
- •3.1 Service Description
- •3.2 Competitive Comparison
- •3.3 Sales Literature
- •3.4 Fulfillment
- •3.5 Technology
- •3.6 Future Services
- •4.0 Market Analysis Summary
- •4.1 Market Segmentation
- •4.2 Service Business Analysis
- •4.2.1 Business Participants
- •4.2.2 Competition and Buying Patterns
- •4.2.3 Main Competitors
- •5.0 Strategy and Implementation Summary
- •5.3 Sales Strategy
- •5.3.1 Sales Forecast
- •5.4 Milestones
- •6.0 Management Summary
- •6.1 Management Team
- •6.2 Management Team Gaps
- •6.3 Personnel Plan
- •7.0 Financial Plan
- •7.1 Important Assumptions
- •7.2 Key Financial Indicators
- •7.3 Break-even Analysis
- •7.4 Projected Profit and Loss
- •7.5 Projected Cash Flow
- •7.6 Projected Balance Sheet
- •7.7 Business Ratios
- •International Business Etiquette and ethics
- •Terms and Vocabulary
- •Business Etiquette
- •Business Ethics
- •Big Oil’s Dirty Secrets
- •References
Halliburton
For almost a century, Halliburton has made an indelible impression on the world. From developing breakthrough technologies and constructing monumental infrastructure projects to managing logistics for military operations, Halliburton and our predecessor companies have been leaders in the energy services and engineering and construction (E&C) industries. Halliburton has expanded through internal growth and acquisition since it was established in 1919. Major purchases include Brown & Root, an engineering and construction company, in 1962 and Dresser Industries, a major provider of integrated services and project management for the oil industry, in 1998. Dresser had acquired M.W. Kellogg, a leader in petroleum refining and petrochemical processing, technology, engineering and construction, in 1988.
About Halliburton
Halliburton adds value through the entire lifecycle of oil and gas reservoirs, starting with exploration and development, moving through production, operations, maintenance, conversion and refining, to infrastructure and abandonment. We operate in over 120 countries working in four major operating groups.
Halliburton consists of three business segments:
• Drilling, Evaluation and Digital Solutions
• Fluid Systems
• Production Optimization
These segments offer a broad array of products and services to upstream oil and gas customers worldwide, ranging from the manufacturing of drill bits and other downhole and completion tools to pressure pumping services. KBR, Halliburton’s engineering subsidiary, is a global leader in construction and project management, with a strong historical position in LNG and oil and gas projects. The company is a leading government services contractor as well.
Halliburton Vision Statement
Leading the world in integrated energy services, energy equipment, engineering, construction, and maintenance. Supported by four key goals:
• Technological Leadership
• Operational Excellence
• Innovative Business Relationships
• Dynamic Workforce
Words and expressions
indelible breakthrough military predecessor to expand acquisition purchas refining processing maintenance conversion abandonment fluid System array upstream drill bit downhole and completion tool
pressure pumping service subsidiary government service contractor
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незабываемый, неизгладимый прорыв военный предшественник расширяться, развиваться приобретение покупка очистка; переработка (нефти) обработка (химическая или термическая) техническое обслуживание и ремонт переработка, химическое превращение ликвидация скважины жидкостная система ряд апстрим буровая коронка, буровое долото оборудование для забоя и заканчивания скважины работы по снижению давления дочерний сервисная фирма, выполняющая государственный подряд |
BP – British Petroleum
The BP group operates across six continents, and our products and services are available in more than 100 countries
Africa
Our exploration and production activity in Africa is focused on Algeria, Angola and Egypt. We have working relationships with many national oil companies in this region. These are typically joint ventures, with BP providing management support, technical expertise and training. Elsewhere in Africa, our main activities are in refining and marketing, with a significant retail presence in Southern Africa and marketing operations for lubricants, oil and gas products, and solar panels across the continent.
Asia
In Asia, our exploration and production activities are centered in China, Indonesia, Vietnam and Pakistan, while we do significant chemicals manufacturing in China, the Philippines, South Korea and Malaysia. BP also holds a leadership position in Liquefied Natural Gas (LNG) in China, where we are involved in a number of joint ventures. In fact, our working relationships with many national oil companies in Asia – for example Kuwait and United Arab Emirates – are typically joint venture activities. BP Solar has a manufacturing plant in India. We market lubricants and oil products throughout the region, with major retail operations in India and China.
Australasia
Our exploration and production activities in Australia and New Zealand are centred in Australia, where BP Solar also has a manufacturing plant. Sales and marketing of lubricants and oil products takes place throughout the region, with major retail operations in both Australia and New Zealand.
Europe
London is where BP’s corporate headquarters are located, and the UK is therefore a centre for trading, legal, finance and other mainstream business functions. The UK is also home to three of BP’s major global research and technology groups. Our exploration and production business in Europe covers the North Sea – both the UK and Norway – and also The Netherlands. In Russia we have an important joint venture through our 50 per cent ownership of TNK-BP, a major oil company with the majority of its assets in Russia. We are involved in a number of exploration and production projects in Azerbaijan, and are leading the Baku-Tbilisi-Ceyhan (BTC) pipeline project. Refining and marketing activities are spread throughout Europe, with BP owning or having a stake in nine refineries across the region. BP retail sites are a common sight in several European countries. In Germany we market under the Aral brand. We also sell lubricants and other oil products in Europe to both consumers and business customers. One of BP Solar’s manufacturing sites is based in Spain and we also have a number of chemical plants in the region.
North America
The BP group is the largest oil and gas producer and one of the largest gasoline retailers in the United States. We are the largest non-US company on the New York Stock Exchange. Our BP Alternative Energy business has an operations centre in Houston, and we also have solar manufacturing facilities in the USA. In Canada, our activities focus on the production of natural gas and derivatives and we are currently considering a North American natural gas pipeline project in a joint venture. Exploration and production work is a core aspect of BP’s presence in Trinidad and Tobago – where we are a major local producer.
South America
Exploration and production work is a core aspect of BP’s presence in Colombia and Venezuela. In Brazil we have a chemicals joint venture and significant solar projects. Elsewhere in South America, our activities centre on the sale of oil, lubricants and oil products.
Words and expressions
exploration activity production activity to support elsewhere retail lubricant solar panel corporate headquarters mainstream stake retailer derivative core aspect |
поиск полезных ископаемых производственная деятельность поддержать где-то в другом месте розничный смазочный материал солнечная батарея штаб-квартира корпорации основной, представляющий большинство доля, участие (в капитале предприятия) розничный продавец производное соединение ключевой аспект, основная причина |