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What costs are associated with procurement in a petroleum industry?
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How do Merseyside and Rotterdam projects compare on the basis of Diamond Chemicals investment criteria?
Using the original analysis, it looks like Rotterdam wins over Merseyside in the 4 criteria. But there are modifications that need to be done in the analysis pertaining to relevant costs and some departmental concerns. Once the analysis has been polished, the answer will be obvious.
How the Teflon coating in heat exchanger reduces its cost?
A Teflon coating in a heat exchanger can reduce the cost of operation in two ways: 1) the coating can protect it from corrosion and deposits thus reducing the cost of upkeep 2) to a lesser extent, a Teflon coating may reduce some drag on fluid flowing through the exchanger and consequently reduce the energy costs for pumping fluids through it.
What do thermal power station do for fuel?
(Geo)thermal power stations work by drilling a hole kilometers into the surface where the temperature is around 300 Cel. They then send water down the hole, and because of the almost instantaneous boiling, steam rises out at an enormous pressure which is used to drive the steam turbines which in return, generate the KW's of electricity. Efficient stations would then condense that water and use it again. This form of energy is really only useful in places where the heat underground is only not too deep since it costs a lot of money to drill deep holes underground. - Matt. AUSTRALIA
What is LPG engines?
LPG (Liquefied Petroleum Gas) engines are internal combustion engines that run on LPG as their primary fuel. LPG is a mixture of hydrocarbon gases, mainly propane (C3H8) and butane (C4H10), and is commonly used as a fuel for cooking, heating, and in automotive applications. Here are some key points about LPG engines: **Conversion**: Vehicles originally designed to run on gasoline can be converted to run on LPG. This typically involves adding an LPG tank, vaporizer (which turns the liquid LPG into a gas), and other related hardware. **Dual Fuel Systems**: Some vehicles are equipped with dual fuel systems that can run on both gasoline and LPG. Drivers can switch between the two fuels with the flip of a switch. **Environmental Impact**: LPG is often touted as a cleaner alternative to gasoline and diesel. It emits fewer greenhouse gases and harmful pollutants when burned. **Economic**: Depending on the region, LPG can be more cost-effective than gasoline or diesel. However, this is subject to fluctuations in global energy markets. **Availability**: The refueling infrastructure for LPG vehicles is not as widespread as that for gasoline or diesel, but in many countries, it is sufficiently developed for practical use. **Performance**: LPG engines tend to provide similar performance characteristics to their gasoline counterparts, but there might be minor differences in power or torque delivery. **Safety**: LPG systems are subject to strict safety standards. LPG tanks are usually stronger than conventional fuel tanks, and the systems include multiple safety devices to prevent leaks and other hazards. While LPG engines provide certain advantages, such as potentially lower emissions and fuel costs, they also have limitations, particularly related to the refueling infrastructure. However, with increasing attention on alternative fuels and emission reductions, LPG remains one of the viable options in the automotive sector.
What is an application of flue gas?
About the most common application of flue gas is as a heat source. Recall that flue gas is the stack gas from plants fired with combustibles (coal, oil, gas, biomass, etc.), and it exhausts into the atmosphere. We spend a lot of money monitoring stack gas to keep the combustion process as tightly controlled as possible. That minimized emissions. The heat in the stack gas can be used to heat water or the like, and the preheated water can then be fed back into the boilers to create the steam that drives the turbines that generate electric power (which is one example, but a common one). The heating of the (boiler) feedwater with the flue gas increases the efficiency of the whole operation. It's classic steam cycle power generation, and the preheating of feedwater within the stack (by the flue gas) is a time-proven tactic to reduce costs.
What are supply chain costs?
Supply chain costs are operating costs associated with business functions related to the procurement, manufacturing and distribution of a product. On the contrary, costs associated with overhead functions, sales, promotion and marketing are not considered supply chain costs. The term is not strictly defined and definitions may vary by industry and situation. For example, delivery costs are sometimes classified as sales costs, rather than supply chain costs.
What has the author Ronald Wayne Hess written?
Ronald Wayne Hess has written: 'Aircraft airframe cost estimating relationships' -- subject(s): Prices, United States. Air Force, United States, Procurement, Military Airplanes, Airframes 'An analysis of high-BTU coal gasification cost estimates' -- subject(s): Coal gasification, Costs 'Review of cost improvement literature, with emphasis on synthetic fuel facilities and the petroleum and chemical process industries' -- subject(s): Costs, Petroleum chemicals industry, Synthetic fuels industry, Petroleum industry and trade
What has the author Peter Eglington written?
Peter Eglington has written: 'Observed costs of oil and gas reserves in Alberta, 1957-1979' -- subject(s): Costs, Gas industry, Natural gas, Petroleum, Petroleum industry and trade, Prospecting
What are the various elements of costs associated with inventory decisions?
The cost which are associated with the inventory are: 1) Procurement cact 2) Ordering cost 3) Carrying cost
What has the author Bong Seo Jung written?
Bong Seo Jung has written: 'An economic model of petroleum exploration' -- subject(s): Costs, Petroleum industry and trade, Oil well drilling
How did the petroleum industry impact west Virginia?
The introduction of the petroleum industry in West Virginia has created a positive atmosphere of growth by adding several jobs. In addition to the employment benefits, West Virginians are also receiving the advantage of lower heating costs and electricity.
What are the advantages of direct procurement?
direct procurement
Which General Staff position manages costs related to the incident and provides accounting procurement and cost analyses?
Which General Staff position manages costs related to the incident, and provides accounting, procurement, and cost analyses
What are some of the costs associated with securing finance?
costs associated with securing finance
Successful-efforts method of accounting?
This is an accounting method used by the Oil and Gas industry. Specifically, it is a method in which the company capitalizes costs associated with exploration to successfully locate reserves and expenses costs associated exploration that does not result in the discovery of reserves. Opposite to successful-efforts is Full Costing method in which all costs associated with exploration and development are capitalized whether any reserves are found our not.
What is Fractional Owership in Shipping Industry?
Fractional ownership in the shipping industry refers to a business model where multiple parties collectively own a vessel or fleet of vessels, and share in the costs and revenues associated with their operation. This can include costs such as purchase price, maintenance, and crewing, as well as revenues generated through chartering or trading the vessels.
What do you mean by Procurement of foodgrains?
foodgrains procurement by the government serves the dual purpose of providing support prices to the farmers and of building up public stocks of food grains. procurement operations are carried out by the Food Corporation of India and the state agencies designated by State Government Procurement prices are bsed on support prices recommended by CACP (Commission for Agriculture Costs and Prices).
