Antony Petrello: Hilcorp Energy Company

Besides, the organization has upgraded its technological capacity through the projects and innovation section of its business. In this word, there are few oil companies and most of the oil and natural business is controlled by powerful organizations. The large amount of capital investment tend to remove a lot of supplier of rigs, pipeline, refining and other. even the suppliers product are important info to the oil organizations, the oil organizations still have critical control over smaller drilling and support

Charles Jackson, Chief Information Officer (CIO) at McConnell Spice was recently tasked by the Board of Directors to find qualified knowledge sharing companies that would increase productivity, permit for better time utilization, and allow the company to maintain global acquaintances. Jackson’s main priorities entail determining which company would be suitable for the position, and impressing the board. Charles has to attain all needed resources to surpass the Board of Directors expectations.

The PESTEL framework is often used to analyze the broad macro-environment of an organization (Johnson et al, 2014). Thus, it is used in this chapter to identify how the trend of drilling industry can be affected by the political, economical, social, technological, ecological and legal factors.

- he can sell to his friends his expertice and knowledge of the market and "demand"

In 1859 Edwin Drake and E. B. Bowditch of the Seneca Oil Company drilled the first commercial oil well in the United States in Titusville, Pennsylvania. The well produces about 500 gallons of oil a day and over time has increased. Soon, similar wells all over western Pennsylvania were providing crude oil for kerosene production that was needed to fuel the nation 's streetlights and house lamps. “The lighter boiling component, gasoline, was discarded, since it had no market. There are historical reports that "waste" gasoline, which had been dumped into rivers, sometimes caught fire. In 1892 the first gasoline-powered engines, for both car and tractor, were developed: This soon provided a market for the once useless substance, gasoline”

Origin Energy Limited (ORG) is an Australian listed company mainly operates in electricity and gas markets. In the following sections, several aspects of the client company will be discussed. This information is collected to help in the identification of the entity’s specific risks by following ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment. Both external market environment and internal business management factors are required to be assessed under ASA 315 (Auditing and Assurance Standards Board, 2013). However, because of the limitation of access to the company information, this report does not cover the analysis of control

BP is a company that delivers energy products around the world through the exploration and refinements of natural resources. The company is also known as one of the world’s largest oil and gas companies that competes with other major household names such as ExxonMobil and Chevron. Because many of these large

The two of the biggest commodities in Louisiana are the fish industry, and the oil industry. As the oil industry began to grow, BP’s power started to grow in Louisiana. This provided jobs for Louisiana residents and put food on the table. BP started by drilling in about twelve feet of water, but as technology grew they pushed out to deeper depths. By the 1970s, BP was one of the top oil companies in the area, taking the biggest risks by drilling the deepest. By taking this risk, it produced massive profits for BP. It also produced the worst safety records from an oil company ever recorded. Over the years, BP’s safety record results became worse. Furthermore, BP changed their image and renamed their company to Beyond Petroleum, trying

At the moment the organization contains more than 50 thousand people who are working at 150 enterprises worldwide, with 8 billion dollars of annual turnover. The fact is that, the majority who heard about the Ingersoll-Rand company considers that this company is a manufacturer of the equipment for the mining industry and construction, although this firm is also the world's largest supplier of advanced technologies with the famous trademarks which is taking the leading positions on the market of the industrial equipment.(Ingersoll Rand, 2016)

By 2001, almost 50 years after its inception, Petrobras had become a fully integrated oil and gas company. Petrobras was the seventh largest publicly traded oil and gas company in the world based upon proven reserves, the largest Brazilian corporation, the third largest Latin American corporation, and the 185th largest global company, by 2001 consolidated revenues. In Brazil, Petrobras had a dominant position in both upstream and downstream activities. The company’s combined oil and gas production was 1,621 tbpd and it had proven reserves estimated at around 9.3 billion boe.5 (Exhibit 1 provides selected oil and gas data for Petrobras and other oil companies.) Most of the firm’s proven reserves were located in very deep waters (more than 400 meters) and Petrobras was the world’s pioneer in deep water oil exploration and production. Furthermore, with approximately

Jack Welch was the CEO of General Electric (GE) from 1981 to 2001 where he increased the value of that organization by 4,000%. During his reign as CEO, he realized that industry was entering a period of constant change and acceptance and acceleration of change would make the difference between successful and unsuccessful businesses (Von Der Linn, 2009). He commissioned a study to create a toolkit that would accelerate change based on research and best practices throughout the world (Von Der Linn, 2009). The result was the GE Change Acceleration Program. The program was developed in early 1990’s and many changes have occurred in the business world that may result in CAP being outdated. Comparing the GE CAP program to a modern model of change management by Spector (2012) will reveal if the GE program is still viable and useful.

Nexen is an oil & gas exploration and production company that operates out of Calgary Alberta, Canada. They are a well-run, profitable, and responsible company that operates in 7 countries and does both onshore and offshore drilling for conventional oil & gas, shale gas, and oil sands. Their board of directors has recently unanimously agreed to a $15.1 billion buyout by China National Offshore Oil Company (CNOOC), which is currently under review by the Canadian government. Nexen employs a knowledge-based workforce of highly skilled workers and uses state of the art technology in the oil & gas exploration and production industry. However, the combination of the small

Its creation was to exploit the opportunity to manufacture and supply quality replacement spare parts for the rock-drilling sector of the mining industry, initially in Ireland, which at that time had five active mines. Once the Company’s products were proven and tested on the domestic market, it looked to developing its products in export markets where similar rock drilling products were used. It was from this period onwards Mincon took its first step to establish itself as a primary manufacturer of rock drilling products on an international stage. (Mincon,

to the future of the company. A plastic injection mouldings manufacturer, they had for the last twenty

Oilwell Cable Company, originally known as Chord Cable Company out of New Jersey, has been acquired by new management and relocated in Lawrence, Kansas. Original manager behind this move was Gino Strappoli, who came up with a corporate structure that determined company’s success. His vision of the company was for everyone to have some responsibility, all the way down to the workers in production. One of the reasons behind this approach was that this was a continuous manufacturing process that involved a lot of decision-making involving employees on the spot. In a few short years, the company broke even and actually has reached some significant milestones. In 1985, Gino has left for another position, and was replaced by the production