Impact Of The Energy Industry On The Oil And Gas Industry

According to Shell Global (n.d.) one of the largest branches of Shell Company is Shell Petroleum Development Company (SPDC) in Nigeria which has joint venture with Nigerian Government’s Nigerian National Petroleum Corporation (NNPC). The ratios are divided in a method of 55% to Nigerian Government, 30% to Shell Company, 10% to ELF Petroleum Nigeria Ltd and 5% to AGIP. The operation of SPDC in Nigeria has added $38 billion to the Nigerian Government in the past five years (2007-2011) together with the taxes and royalty payments. The Nigerian Government receives 95% of its profit from SPDC onshore oil and gas production in Niger Delta. In relation to Shell Company’s relation following are some key aspects.

You brought up a great point. Companies cannot blame their suppliers or contractors for damages their products or services in costumers’ health, employees, environment or the society. I believe companies’ need to ownership of their mistakes for not ensuring its whole supply chain meets their expectations and companies’ regulations. For example, according to Thompson, Arthur, Peteraf, Gamble, M. J. and A.J. III. (2012), “IKEA’s initial plan to combat the use of child labor by its suppliers involved (1) contracts that threatened immediate cancellation and (2) random audits by a third-party partner” (p. 259). I also believe that companies must be open and inform communities when events like oil spill happen, although it impacts their reputation, because keeping unethical business secrets will generate controversies and a higher damage when they are discovered.

Obama has nothing to do with lower gas prices, OPEC removing oil production caps to put the American oil industry out of business (due to the fact they can extract oil for a much lower price per barrel than the American industry which has put over 400,000 American oil workers out of a job.) His administration has halted work on the Dakota access pipeline based on emotions that have no basis in fact or science, which has put Americans in danger due to the fact that the oil must be transported by rail instead of in a contained, completely monitored pipeline because his allies in industry own the railroads. His administration has destroyed the coal industry as well.

Facts: Plaintiffs are residents of Nigeria, who claim that Dutch, British, and Nigerian corporations engaged in aggressive oil exploration and production, aided and abetted the Nigerian government in committing violations of the law of nations related to crimes against humanity and human rights abuses. Royal Dutch and Shell are parent companies incorporated in the Netherlands and the United Kingdom respectively; Shell Petroleum Development Company (SPDC) is incorporated in Nigeria. Since 1958, SPCD has conducted oil exploration and production in the Ogoni region of Nigeria. Protesting SPDC’s activities in the region, Ogoni

Anadarko is one of the world’s largest oil and gas companies . With more than 6000 employees, the company strives to be the best at extraction and production of energy to meet the world’s demand. Anadarko’s headquarter is in The Woodlands, Texas, with other regional offices around the US as well as operations in ten other countries . Anadarko’s mission is to deliver a competitive and sustainable rate of return to their shareholders. They implement their business values in all aspects of their operations and the company has received several awards for their innovative practices.

This thesis will study wide-ranging trends that impact the Oil and Gas industry and worker satisfaction. An assessment will be given to 300 employees of Oil and Gas companies in the southern USA, quarters to hundreds of big and small oil and gas businesses. Responses expected to be collated are typically from employees who had worked in the industry for a significant amount of time, putting them in a fine situation to remark on industry trends. The thesis/study shall first examine how the subjects feel about 12 diverse facets of these trends before determining the aspects of job security inspiration and job contentment of employees-in the sample-from big and small companies in the industry. It shall be the effects of inclinations as seen by the subjects that will compute the self-determining variable. The trends are gauged on two precise factors: household, and lawful and overseas. Workers of both small and big oil companies deem the local feature to be uniformly important, but worked of bigger firms consider the lawful and overseas feature to be more imperative than smaller firms do. Maybe, smaller firms for the reason that of their elasticity are better able to counter the unpleasant effects of decrease, job security, job approval, and universal motivation levels in the middle of employees of small oil companies were considerably advanced compared to employees of bigger companies. In the face of recent record high prices and earnings,

What is the oil industry? The oil industry, made up of both oil and gas is also known as the energy industry. On a personal level, “oil and gas provides the world 's 7 billion people with 60 percent of their daily energy needs. The other 40 percent comes from coal, nuclear and hydroelectric power, solar and tidal power, and biomass products such as firewood (Petroleum Online, 2014).”

What has occurred in the Niger Delta is linked to its past struggles with military rule transitioning to democratic rule, which often ends in a military regime taking control nonetheless. From the start of its independence, Nigeria has slowly grown in its dependence on oil as it’s main economic revenue stream. Before the discovery of oil, the state had yam and cassava crops, palm oil, rubber, and lumbers that provided economic revenue, though modest (Jike, V.T. 2004). However once oil was found in 1956 and Independence in 1960, Nigeria has not only relinquished vast tracts of land to International Oil Companies (IOC) such as Royal Dutch Shell (later named Shell Petroleum Development Company), ExxonMobil, Chevron-Texaco, and ENI, but it has left the companies to conduct their extraction methods as they see fit (Imobighe, T. A. (n.d.); Kadafa, A.A. 2012). In 2006, the Oil Spill Intelligence Report stated, “Shell Nigeria is accused of using double standards”, referring to the outdated equipment and unethical methods Shell practices. The Niger Delta has experienced 50 years of oil spills since the beginning of oil production due to oil pipelines that are no longer in use leaking up to $10 million worth of oil a day as reported by Shell. Shell has thus been accused of using outdated and old equipment in the Delta they know they wouldn’t dare use in the other countries they operate in.

Around the globe, the oil and natural gas industries are a major part of stable and growing economies, as well as, the individual lives of most people. As individuals we use it to run our vehicles, heat our homes, cook, and much more. Economies, on the other hand, rely on the oil and natural gas industries for the jobs they create, the product they supply, and the added value created by government revenues. In 2011, these industries in the United States made up 5.6 percent of the nation’s total employment, providing $394 billion in labor income (6-15, American Petroleum Institute). They also contributed an estimated $410.3 billion to the nation’s economy through wages, capital spending, and dividends totaling 7.1 percent of the United States’ gross domestic product (GDP) (25-26, American Petroleum Institute). Those percentages may not seem like much alone, but when you consider that one industry, out of hundreds in the United States, makes up those numbers, they seem a lot larger. During the 1990’s, oil and natural gas production had hit a snag spreading worry that the U.S. would become reliant on foreign imports (Inman). One of the world’s leading countries in the industry were beginning to fear the end of a resource that they relied so heavily on.

Over the past 70 years, energy use and energy sources alike considerably shifted in the United States. With these shifts, the environmental concerns associated the energy sources changed as well. Whether it meant regulating coal use to minimize air pollution or funding alternative fuel source research, the government has played a significant role in how the energy has been used. In addition, worried consumers attack the industries by rallying for them to eliminate pollution. This dual sided advance on the energy industry sometimes leads to slow advancement, such as the case with nuclear energy. Typically, energy policy has shifted to minimize the effects on the environment. However, there were situations in which the government actually

Esther Henchmen is a PhD student at EASED Business School – Universi dad de Ramon Lull, Barcelona. She has participated in non-governmental organizations including UNICEF, World Bank and Oxfam Intermon. This has led her in expertise about development management and human rights. Dealing with issues such as the involvement of corporations in major environmental disasters such the oil spill that occurred in Niger delta by shell. Her title “Royal Dutch Shell in Nigeria: Where Do Responsibilities End?” explains the problem of fractured responsibility coupled with harm produced by collective action. Her journal focuses on the cause, integrity and reputation of the perpetrators involved in the ongoing Niger Delta oil spill. She discusses the dispute over the corporate social responsibility, malpractices and legal preceding of its operating licensure. Since corporations are artificial persons in the law, it is difficult to isolate perpetrators based on causality in fact it’s not realistic, so they could be sued for failing to meet standard of care.

207 million gallons. To any person, it is evident that this amount is quite large; however, the true impact of this amount is truly staggering. In 2010, the Deepwater Horizon drilling rig sunk to the bottom of the Gulf of Mexico unleashing 207 million gallons of crude oil into the gulf. From a company perspective, this is a staggering loss of capital ranging from the drilling rig itself to the clean up of the aftermath. The question remains, however, could this have been prevented? The oil and gas industry has been known to be a high risk, high profit industry. Many workers are placed in an isolated place under hazardous working conditions, but are compensated with a high salary and great benefit packages. These areas of compensation,

Richard Day, an economist with a post graduate degree from the London School of Economics analyses the benefits of abundance of natural resources to African countries and why it is not the main reason for corruption. Richard makes a case for some of the top oil producers in the world which includes the Northern part of America which produces more oil than all African countries combined yet on the good governance scale it scores very highly. Canada is one of the least corrupt countries yet is one of the top ten oil producers in the world.(Day, 2014)

It was argued that “poor nations of the 21st century would not be those that lack resources (human and material) ...., but those that cannot account for whatever resources they have”. Hence, “accountability would continue to remain fundamental to the construction of viable socio–political economy” (Iyoha and Oyerinde, 2012: 361). Even the resource and material scarcity arises “primarily from failures of governance rather than from a physical shortage of resources or materials” (Andrews-Speed et al., 2012: vii). Hence, the Extractive Industries Transparency Initiative (hereafter the EITI) and many other international financial institutions have advocated that only greater accountability and transparency through disclosure of financial and

This course work is an analysis of the Joint Venture relationship between Chevron Nigeria Limited (CNL) and the Nigerian National Petroleum Corporation (NNPC).