CHAPTER I: INTRODUCTION According to BP Energy Outlook, by 2035 overall energy production in Asia pacific will increase by 52% while energy consumption increase by 60% which cause net energy import rise by 88%. With the escalating environmental issue and slow development of renewable energy, development of gas fields in the region is important. However, this will be challenging as many of the fields in the region are associated with high content of CO2 (15% - 80%). The FIGURE shows the location of the fields (Burgers, et al. 2011). Among them, there are East Natuna Field (40 TCF methane; 71% CO2), K5 Field (13.2 TCF; 70% CO2), and Kuala Langsa (10 TCF; 80% CO2). At present time, development of those fields becomes the priority of Indonesia’s and Malaysia’s governments to meet the forthcoming increase of domestic gas demand (FIGURE) and maintain their export to the regional market especially China, Japan, and South Korea. FIGURE shows the projection of regional gas demand and FIGURE shows LNG export destination from both countries. FIGURE Location of Some Gas Field With High CO2 Content in Indonesia and Malaysia FIGURE Gas Production and The Projection of Domestic Gas Demand in Indonesia (Left) and Malaysia (Right) (data combined from: Eria 2012 and BP Statistics 2015) FIGURE Projection of East Asia Region Gas Demand (Data: Eria, 2012) FIGURE LNG Export Destination of Indonesia (Left) and Malaysia (Right) (Data: BP Statistics) Pertamina and Petronas,
BP PLC (formerly British Petroleum) is a British multinational organization engaged in the exploration and production of energy resources for the general and corporate users. Its major business operations include the refining and promotion of chemicals and power generation resources. It is also specialized in energy production through wind power and bio-fuel technology. BP is the third largest energy production company in the world and the fourth largest company in the overall world market. BP operates in more than 90 countries with almost 22,000 service stations. The company has the largest business setup in the United States where it is one of the top market leaders in the energy production industry.
The first case that was involved CFPOA is R. v. Griffiths Energy International . In January 2013, the Griffiths Energy was pled guilty to bribery offence under section 3(1), (b) of the CFPOA . The offender paid over USD 2 million to obtain a consulting agreement of oil contracts in the Republic of Chad. Griffiths Energy paid the bribe to a company owned by the wife of the foreign ambassador as well as a number of founder shares. The article of “A New Era of Canadian Anti-Corruption Enforcement?” mentions more detail of the court case. On September 15, 2009, the Griffiths Energy offered the bribe to Chad Oil Counsulting the statement of facts disclosed that the Griffiths Energy LLC owned by Ms. Niam, the wife of Chad’s Canadian, Ambassador Mahamoud Adam Bechir, and
The Bonneville Power Administration (BPA) service territory is in the Pacific Northwest. In 1937, BPA was established to construct facilities required to market and transmit electric power from the Bonneville Dam located on the Columbia River and to construct facilities necessary to transmit that power. BPAs mandate has been expanded to be the marketing agent for power from all of the federally owned hydroelectric projects in the Pacific Northwest, as one of four regional Federal power marketing agencies within the U.S. Department of Energy (DOE).
The pollution on BP is always a big problem, and related to Europe climate change, do they meet the same standard on anti-pollution?
As this case shows Human Rights violation BP, The company was lacking operational decisions, such as ensuring that safety standards are appropriate for employees; rather than pursuing additional profits and hiding behind a mask of public relations. Viewed from this perspective, ‘calculated casualties’ don’t provide the greatest amount of good; it simply highlights an unethical and ruthless pursuit of profits and hence environmental destruction and human deaths would widely be considered unethical.
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The IEA expects global demand for natural gas to hit 4.75 trillion cubic meters by 2035. If we keep using natural gas how we do, we will have
No. 37 talks about government must be at least as energetic and strong as the one put foreword to be, they must look for the false and negativity of the existing government. Madison wrote, Energy in government is essential to that security against external and internal danger and to that prompt and salutary execution of the law, which enter into the very definition of good government. Stability in government is essential to national character. . . On comparing, however, these valuable ingredients with the vital principles of liberty, we must perceive at once the difficulty of mingling them in their due proportions." Madison talks about the hardships that lingered over certain issues such as the power of state over the freedom of the
BP, one of the leading oil companies in the world, projects that the world has enough oil in reserve to last 53.3 years (“Tully, BP’s latest estimate”). By those estimates, the world will run out of oil in the current generation’s lifetime. The World Coal Organization estimates that there is enough coal to last us 112 years (“Where is Coal Found”). Coal and oil are the largest sources of energy, and both are limited resources that will run out. Also, regardless of your stand on global warming, both coal and oil have done proven damage to the earth. Can we keep depending on those two substances knowing that they are limited and are destroying the environment? Is there another source of energy that can provide as much power, if not more, than coal and oil, is not as limited, and does not harm the earth? It does exist and is called nuclear energy; nuclear energy is already a large energy contributor in various countries, and it has shown the potential to be the primary power source. The World Nuclear Organization reports that 75% of France’s energy comes from nuclear energy. France, also, happens to be the world’s largest energy exporter and makes over three billion euros a year from this practice (“Nuclear Power in France”). France is not the country looking at nuclear energy as an alternate energy source that can generate profit. According to Brandon Weiss from the Washington Times, the United States, primarily the state Virginia, is considering the use of nuclear energy.
Most of the natural gas transportation in the USA is done through 305,000 miles of transmission pipelines. Existing LNG degasification facilities allow for limited international trade of LNG (Table 2). Due to free market pricing when natural gas cost less in summer period, gas-storing facilities are widespread over the country including more than 400 underground storages and 113 LNG peaking facilities (EIA, 2008).
British petroleum (BP) is one of the seven super major oil company in the world. BP are the fourth largest gas and oil company in the world. BP has a hand in every aspect of the oil business from exploring for new oil to marketing and distribution. BP originally started as the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company. The Burmah Oil Company. Would capitalize on discoveries they made in Iran and the middle east. The company would take its current name as British a petroleum in 1954. The company slowly started to expand from their roots in the middle east. BP chose to expand to Alaska in 1965. BP would continue their expansion in America when the gain the majority control of Standard Oil of Ohio in 1978. Also during the time BP would continue their ongoing exploration for new sources of oil. They became the first company to strike oil in the North Sea. The British government gradually privatized Standard Oil of Ohio for 1978-1987. In the last half of the 20th and the beginning of the 21st century BP took two major steps to expand their company. BP first major expansion occurred when they partnered with Amoco during this time they also acquired and absorbed Burmah Castrol in 2000. Also for 2003 to 2013 BP had a joint partnership with the oil company TNK of Russia. BP tireless effort towards expansion have made them highly successful and one of the top four oil and gas companies in the world. BP turned a profit of 6.48 billon U.S.
World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.
This paper will look at British Petroleum, BP, one of the largest oil companies in the world. Following the Gulf Oil Spill does BP have sustainability in this market? This paper will examine the early history of the company. It will look at the competitive advantages of the organization by looking at its SWOT analysis. The company’s market strategy will be examined including its growing interest into alternative fuels. Its internal structure will be compared to the persona that BP is trying to convey that they are a globally friendly company with interests in developing low and no carbon emission fuels.
Consumption energy since the 1950s has been in a progressive upsurge in the world. Fossil fuels like oil, natural gases, and coal nevertheless has the aggregate of 80% of the world’s energy consumption despite the fact that there’s has a diminution in some renewable energy resources, cons considering the number of inventions and creativities. In the late 2000s, the speed growth in price of crude oil is a result of increase in demand of oil and gas. Virtually 80% of fossil fuel consumed are oil and gas making their production the main importance to the stability of world’s energy supply