Oil and Gas Trade 101 by Chiagozie George Durueke by Chiagozie George Durueke - Read Online

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Oil and Gas Trade 101 - Chiagozie George Durueke

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ACKNOWLEDGMENT

Let me use this medium to acknowledge the grace of God, the father of my lord Jesus Christ; the only wise God; the author and giver of all knowledge, wisdom and opportunity.

I am also thankful for the Grace of my lord Jesus Christ which is sufficient for me; this grace enabled me to complete this Book; A book that took me more than six year to complete; so, it is without a little sadness that I say goodbye to it consuming my days and my nights.

Dedication

I dedicate this book to my late father: George Iheanyi-chukwu Steven Durueke, aka Dee George. I appreciate my father for His love towards me, his sacrifices; advice, realization, support and his financial commitment and contribution that enabled me acquire education.

License

This eBook, Oil and Gas Trade 101, is licensed to you for buying it; it is for your personal enjoyment only. It may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to your favorite eBook retailer and purchase your own copy. Thank you for respecting my hard work as the author.

Notice:

©2015 -2017 and all times, George Chiagozie Durueke, All rights reserved. Any kind of reproduction, redistribution in any form without a written permission of the writer is strictly prohibited. This special version is prepared in electronic form. It should not be redistributed in printed form or any other media without the permission of the writer.

Do not make illegal copies of this book. If you believe that this book, its’ related materials are being reproduced or transmitted without permission of the writer, please write and inform the author George Chiagozie Durueke, through this Email address: chiagozie2@Gmail.com.or drop me a note at http://oilgastrade.101.blogspot.com.ng

This book is also available in print at most online retailers

New Edition

Book / Course Number: EB101

Revised Edition

Author: George Chiagozie Durueke

NOTICES

DISCLAIMER: While I took care to ensure the accuracy and quality of this material, I cannot guarantee their accuracy, and this material is provided without any warranty whatsoever, including, but not limited to the implied warranties of merchantability or fitness for a particular purpose.

I do not believe that I have used anyone’s name in creating this book, but if I have, please notify me and I will change the name in the next revision of the book.

TRADEMARK NOTICES: The Book Oil & Gas Trade 101® 2017 is a registered trademark of privilege securities and investment Ltd, Nigeria and other countries; any or all other product names and services used throughout this book may be common law or registered trademarks of their respective proprietors.

Copyright © 2017 privilege securities and investment Ltd, All rights reserved. Pictures or Shots used for illustrative purposes are the property of the proprietors. This publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, storage in an information retrieval system, or otherwise, without express written Permission of George chiagozie Durueke email: chiagozie2@gmail.com http://Durueke.Blogspot.com.ng/

This book conveys no rights in the topic or other products about which it was written; all use or licensing of such or other products is the responsibility of the user according to terms and conditions of the owner.

Do not make illegal copies of this book. If you believe that this book, related materials are being reproduced or transmitted without permission, please inform the author: George chiagozie Durueke at the Email address: chiagozie2@gmail.com.or http://oilgastrade.101.blogspot.com.ng

TABLE OF CONTENT

Chapter 1: Crude Oil & Types Of Crude Oil, Shale Oil

what is crude oil...........................................................................?

List of some Crude Oil........................................................................

Crude oil specification........................................................................

Crude oil allocation............................................................................

Steps involved in acquiring allocation………………….......................

Crude oil Refining..........................................................................

Types of Petroleum product................................................................

Partial list of product made from petroleum......................................

Shale Oil……………………………………………………..………………..

Follow-up to Lesson 1………………………………………………………….

CHAPTER 2: TERMINOLOGY

Glossary of terms & meaning.........................................................

Financial instruments.....................................................................

Examples of financial instrument.......................................................

Follow-up to Lesson 2…………………………………………………….

CHAPTER 3: OIL & GAS TRANSACTION PROTOCOL.

Sales Purchase Agreement..............................................................

Transaction and working Procedure...............................................

Tanker To Tanker Transshipment........................................................

Free on Board......................................................................................

Tanker Take Over................................................................................

Cost insurance and fright.....................................................................

Comparison of the different transaction procedures...........................

Follow-up to Lesson 3…………………………………………………….

CHAPTER 4: DISOUNT

What is a discount.............................................................................?

Segments of a discount.........................................................................

Follow-up to Lesson 4……………………………………………………...

CHAPTER 5: INSPECTION

Steps Involved in Q&Q Determination................................................

Full proof of product.............................................................................

Proof of product....................................................................................

Marketer or seller.................................................................................

Follow-up to Lesson 5………………………………………………………

CHAPTER 6: NATURAL GAS

LNG Chain..........................................................................................

LNG Terminals………………………………………………………………

Liquefaction and Re-gasification Terminals…………………………….

Liquefied petroleum gas (LPG)……………………………………………

Types of natural gas.............................................................................

Benefits of natural gas.........................................................................

Greenhouse gases................................................................................

Natural gas producing areas......................……………………….……..

Follow-up to Lesson 6………………………………………………………

CHAPTER 7: TERMS & PHRASES USED IN OIL & GAS TRANSACTION

Force majeure.................................................................................

Berth charges, duties & taxes.........................................................

Applicable law...............................................................................

Transmission and Validity.............................................................

Delivery..........................................................................................

Piracy.............................................................................................

Assignment…………………………………………………………..….

Pitfalls to avoid …………………..……………………………………

Oil and Gas Exploration and Production Companies……………..

Follow-up to Lesson 7……………………………………………………

What Next.......................................................................................

Course support..............................................................................

About the author…………………………………………………………

About This Book:

Oil & Gas Trade 101 is a book about Buying and Selling of petroleum products, crude oil and Gas commodities; it is written and designed to bridge the gap created