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Words and expressions

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  1. A FEW WORDS ABOUT OPERATING A BUSINESS
  2. A look through the descriptions of things you can do with music and try to guess the meaning of the words in bold type.
  3. A. Listen to the description of the drilling process and fill in the missing words (no more than THREE words). The first word is given as an example.
  4. A. Read the paragraph below and choose the most appropriate words/ phrases in bold. Where could you read this extract?
  5. Abstract and Keywords
  6. Abstract and Keywords
  7. Abstract and Keywords
  8. Abstract and Keywords
  9. Abstract and Keywords
  10. Abstract and Keywords
global exploration мировое исследование, разработка
production spending затраты на проризводство
emphasis внимание, ударение
semiannual полугодовой
surveyed проанализированные
boost in повышение в, подъем
deteriorating ухудшение
to be pronounced быть резко выраженным
impact влияние
relatively относительно
decline спад
to maintain interest сохранить интерес
frontier граница
transfer передача в собственность
joint venture совместное предприятие
to hike внезапно подниматься
double-digit gain двойная выручка
to moderate сдерживать, уменьшать
substantial slowdown существенное замедление
cash flow движение денежной наличности
perception восприятие
to respond отвечать
crude сырой, неочищенный
overwhelmingly очень, чрезвычайно
bullish играть на повышении
roughly приблизительно, ориентировочно
   

Exercise 15. Imagine that you are an oil and gas analyst. Prepare a short report on the problems and perspectives in oil and gas industry development.

Exercise 16. 9 Discuss the following with your partner before listening.

An embargo happens when a country stops trading with another. In 1973, there was an embargo on oil. What effects do you think this had on the world’s economies?

 

Listen and complete the notes.

1. After …………, industrial nations enjoyed economic growth.

2. They used huge amounts of.……….

3. A lot of oil came from countries in the ………….

4. The embargo began on the …………, 1973.

5. Prices of oil rose to …………times higher than before.

6. The New York Stock Exchange lost …………dollars in a few weeks.

7. The embargo ended in ………….

Exercise 17. Discuss the following points.

 

1. What well-know foreign oil and gas companies have you heard of? Can you give any names? What countries were they set up? What countries do they operate in?

2. What Russian oil and gas companies do you know? What regions of the country do they operate in? What are their main activities? Do you know any facts from their history?

 

Key words: global energy provider, listed company, shareholder, petroleum refining, drill bit, down hole tool, joint venture, lubricant, cost-cutting program, licence, stake, proven reserves.

Exercise 18. Read the text.

Total

Total at a Glance (2005 figures)

A global multi-energy provider

• World’s fourth-largest integrated listed oil and gas company

• Largest market capitalization on the Paris Bourse and the eurozone: ˆ130.5

billion at December 31, 2005

• 95, 000 employees (1)

• Operations in more than 130 countries

• Exploration and production operations in 41 countries

• Producer in 29 countries

• More than 500,000 shareholders

• 2005 sales: ˆ143.2 billion

 

Total’s operations span the entire oil and gas chain, from exploration, development and production to midstream gas, refining and marketing, and crude oil and petroleum product trading and shipping. Total is also a world-class chemicals producer, as well as having interests in coal mines, cogeneration and power generation. In addition, Total is helping to secure the future of energy through its commitment to developing renewable energies, such as wind, solar and photovoltaic power.

 

A leader in each of the core businesses: 2005 key indicators

 

• Exploration & Production: - Production: 2.49 million barrels of oil equivalent per day - Reserves: 11.1 billion barrels of oil equivalent as of December 31, 2005

• Refining & Marketing: No. 1 European Refiner-Marketer and No. 1 in Africa- Refining capacity: approximately 2.7 million barrels per day- Retail network: nearly 17,000 service stations - Sales: approximately 3.9 million barrels per day - Brands: TOTAL, Elf, Elan, AS 24

• Chemicals: Total is one of the world’s largest integrated producers and a European or global leader in each of our markets - Petrochemicals and Fertilizers, Specialties.




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Exercise 4. Read the text, do the exercises. | THE ECONOMY AND ECONOMIC SYSTEMS | McConnell C.R., Brae S.L. Economics | FINANCIAL INSTITUTIONS | Exercise 7. Translate into English. | FINANCIAL MANAGEMENT | SECURITIES MARKETS | TRADING STOCKS | Words and expressions | Oil and Gas in Russia. Development and Financing of Large Projects |


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