Bp ( British Petroleum )

Furthermore, the UK government seek not be involved in the incident, likewise even pretended to find a speedy solution to be the lowest impact to its stakeholders and its oil industry that implies BP mainly in the economial and relationships between nations. Its role was primarily mediator in the dispute of the guilt of the oil spill in the Gulf of Mexico with the intention of the most healthy solution of all.

Halliburton is one of the largest Drilling companies in the world. This company has over 50,000 employees and operates in more then 70 Countries including North America, Central & South America, Africa, Europe, Middle East, Asia, and Oceania. Halliburton consists of two company divisions-(1) Drilling and Evaluation and (2) Completion and Protection This paper will go over the various aspects of Management planning within Halliburton.

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product.

The Upstream process was responsible for feeding both of the two downstream processes and all the three streams we decoupled and run independently. Basically BP’s upstream processes had the liberty to sell to any of the refining companies and their downstream units can buy oil and gas from any of the production companies. The most important consideration here was about getting the best possible price. The management structure was completely changed and different individuals were appointed to head each stream. During this time BP also started to sell their business units that weren’t part of the three core streams. The massive transformation resulted in a loss of $811 million in 1991.

²The drill that was used to drill the well in the first place is an example of trading across continents.⁶ The drilling contractor that BP used to sort after a new oil rig, Transocean are a Swiss based company and instead of sourcing its production in either the UK, Switzerland or the US – where most of its shareholders reside, or in the UK where the company – British Petroleum – is named after; Transocean chose Hyundai Heavy Industries Shipyard, based in Ulsan; South Korea, as the company to build the oil rig which is valued at $560,000,000 - a contract which will have supported the steel industry in South Korea greatly. This shows the whole world were cooperating and working with each other to extract the oil from the

British Petroleum, BP, began as the Anglo-Persian Oil Company in the beginning of the 1900’s. The founder, William D’Arcy, risked his entire fortune at the hopes that oil would be discovered in Persia. He was success on May 28, 1908. The business struggled in the early years, but ultimately found success. BP has become a global leader in the energy business. Beginning in 2000 and in the years to follow BP has focused not only on oil, but also on oil alternatives such as; solar, wind, natural gas, and biofuels (British Petroleum, 2015).

BP tends to make bets that others don’t which is most likely why the disastrous deep water horizon oil spill occurred in the Gulf of Mexico five years ago. The fire burned for 36 hours while hydrocarbons leaked into the gulf before the well was sealed, unfortunately eleven individuals died. It has been difficult for BP to be the best company right now since this falling and they have been in reparation mode since this catastrophe. However, BP is now incorporating high safety and showed everyone that they are very reliable on the recovery of this hardship of BP trying to mix oil with water. BP came together to control the situation, cleanup, and diminish as much contamination as possible into the gulf. In addition, they are devoted long term to improve the Gulf of Mexico’s bionetwork and promise to be more careful so this will not happen again.

A wealthy British gentleman by the name of William D’Arcy is the founder of the world famous gas station BP. D’Arcy had a thrill over oil and decided to invest all of his savings in the quest for oil in the Middle East. Experts and scientists helped encourage D’Arcy to pursue the venture. But years started to pass and funds starting to run low, William was starting to feel as if this was the wrong investment. Throughout the years BP has gone through a plethora of ups and downs. From bankruptcy, to not being able to transport oil to desired location, and also having more oil than they could sell and not having a demand for it. Also BP has had disasters related to social responsibility, and before the major oil spill in 2010,

Even after the war, securing the future oil supplies was an economic objective that Great Britain desired in her postwar negotiations with France over the Middle East. Britain´s

Like in many wars in history, “money,” “power,” and “oil” were the primary resources for combat and defense. However, out of the three, oil was the most important resource, causing many to seek its presence. Oil was not only for getting the engine started but also for getting the war done thoroughly and keeping the economy running. During World War II, oil became even more of a necessity putting countries at war. However, most importantly, oil became the decisive factor that determined the unfortunate and successful results of desperate, oil-seeking countries.

In the “The Prize: The Epic Quest for Oil, Money, And Power,” Yergin undertakes the reader upon a thorough and enjoyable journey through oil history, from the first 1859 well drilling by Colonel Edwin in Pennsylvania during up to the invasion of Kuwait by Saddam Hussein in a wrathful grab for oil and wealth in 1990 August. Yergin explores the role of oil in warfare, depicts the ever-changing organization of the oil sector, and examines the prominent, as well as often flamboyant petroleum players. The book is a well-researched and well-written, and supplement to a history branch, which until very lately, had been regrettably neglected—history of business.

There are very few aspects of how a company behaves as a corporate citizen that do not apply to a company of the size and nature of BP. The most significant of these are the sheer environmental impact - not simply of the extraction of oil and the energy use of BP's own operation, but more significantly of the impact on climate change of the actual use of all the oil by BP's customers. The state of current scientific evidence raises serious question marks over whether or not human society can actually afford to burn all the hydrocarbons whose existence we have already identified - never mind potential future discoveries. Twenty years ago, people worried that one day the oil would run out. Now, it is the case that the real issue has been identified as one of emissions.

Firstly, oil remains a contentious issue because of its exploitative nature and imperialist roots. It is unsurprising that the perpetrators would rather ‘forget’ about what happened. The AIOC was renamed multiple times in order to mitigate unwarranted connotations, first to British Petroleum Company Limited in 1954, then to BP in the late 90s [2]. In fact, the year 1952 and 1953 both fail to make an appearance on BP’s otherwise complete corporate history; an unfortunate omission. [1]

BP, formerly known as British Petroleum, is the third largest oil and gas producer in the world, producing almost 3.8 million barrels per day. BP was founded in 1908 by William Knox D’Arcy in London, United Kingdom. The company operates worldwide in several sectors of the oil and gas industry such as generating low carbon energy, moving oil and gas, and off and onshore oil and gas extraction (BP, 2014). However, the offshore Deepwater Horizon oil spill that happened on April 20th, 2010 in the Gulf of Mexico was one of the greatest oil spills that took place in history. The disaster caused the loss of the lives of 11 workers, severely injuring 17 workers, and the aftermath had a great impact on the environment in the Gulf of Mexico.

BP was a company established by William Knox D’ Arcy, an Englishman who venture to Persia to explore oil.