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4 signs that you are not doing very well for your oilfield interview – And...
You shake interviewer’s hand and head back home quite happily thinking that you have nailed the interview and you think you should be offered a job in oil and gas industry. One week later…. And still...
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Well Control and Blow Out !!!
Many people ask us every time about well control but many of them understand that well control is when the rigs are burn. This is not the right concept. Well Control is a situation when hydrostatic...
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What is Job Safety Analysis (JSA) and its Important?
Job Safety Analysis (JSA) is an important to any health and safety program. It is one of many risk assessment tools that can be used in a formal hazard assessment process to identify and control...
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Well Head Installation VDO
Wellhead installation is one of most fascinating topics and it is very difficult to visualize how this operation is performed. However, if you see this VDO, it will make the learning process so easy....
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Understand Demand and Supply
The Demand and Supply is one of fundamental concepts of economics that will help us understand about oil price in a free market environment. In order to give you a simple concept of demand and supply,...
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Effect of Demand Shifters
Demand changes can effect on quantity of supply in both positive and negative ways. For this time, we will look at 5 factors of demand shifters and how they affect on price and quantity of products in...
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Effect of Supply Shifters
Supply changes can affect on demand in positive and negative way. In this post, we will analyze 6 factors of supply shifters and how they affect on a new equilibrium point in the market. Six Demand...
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Role of Body Language for Oilfield Career Success
From our informal exchanges with strangers to more formal exchanges with our associates, one can show what he/she is or is not to people with just little gestures and actions. For people who want to...
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Oil Price – Price Inelasticity of Demand
Oil price is quite unique from other products because it cannot be easily substitute. Therefore, the demand will be less elastic because many consumers will buy oil regardless of how much it costs. For...
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Source of Funds for Company
Every company in any business requires sources of fund to run the business. Two ways that companies can obtain funds are Debt Funding and Equity Funding. Debt Funding Debt funding is to borrow money...
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Cost of Debt
Cost of Debt (COD) is an effective rate that a company will pay on it current debt. The Cost of Debt (COD) can be measured in term before or after tax COD however the after tax Cost of Debt (COD) is...
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Cost of Equity
The Cost of Equity is an investment return which a company offers its shareholders in compensation for their income stream and taking risk of investment with a company. Cost of Equity which is based on...
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Earth Structure and Plate Tectonic
The basic concept of the Earth structure and Plate Tectonic is good to know for drilling oil and gas wells. The image below (Figure 1) shows the Earth structure. There are tree compositional layers...
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Weighted Average Cost Of Capital (WACC)
Weighted Average Cost Of Capital (WACC) is a calculation of company cost of capital which is based on a weighted average between debt and equity. Its mathematical expression is listed below; WACC...
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Basic Knowledge of Financial Statement (Balance Sheet and Profit and Loss...
Every company is required to submit a financial report every year to the government, potential investors, and shareholders to report the financial health of the company and its potential to grow in the...
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Key Financial Ratios To Evaluate Companies
In order to evaluate a company’s financial health, there are some important ratios which will help investors get a clearer picture of companies. Current Ratio – It is the current assets divided by the...
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Key Financial Ratios Calculation Example
After learning about key financial ratio from the previous article (Key Financial Ratios To Evaluate Companies ), this article will show an example based on the financial statements of CG Oil Company...
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Shell Offshore 101 – One of the best ebooks in oil and gas industry
Shell Offshore 101 is one of the excellent educational documents which help educate people to understand about the upstream business. All documents are written in simple English with a lot of images...
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Plate Margins in Oil and Gas Industry
After learning about the Earth’s structure and Plate Tectonics, it is known that the Earth’s plates move relative to nearby plates; therefore this will result in high geological activities such as...
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Basic Rock Types
Understanding basic rock types gives you more ideas on how each type of rock is formed and this is a good basic for understanding geology. Rocks can be classified into three main types which are...
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