...Recent Marketing Strategy of British Petroleum Company Overview British Petroleum Plc, sometimes called BP, is one of the largest oil and gas companies in the world. The petroleum company has operations that include the exploration and production of natural gas and crude oil such as refining and manufacturing the petroleum products. Part of the operations are the construction or expansion of the facilities that can support the production, mining, and then, transporting the produced crude oil. British Petroleum adopted some strategies in marketing the refined products, trading gas and power, and marketing liquefied natural gas since it is used in most of the households. The company’s operations has been spread in over six continents and counting more than 100 countries. Their main headquarter is in London, United Kingdom and approximately employs 97,600 people. The Disaster On March 23 in the year 2005, a deadly explosion happened at approximately 1:20 p.m. and acquired the national attention of the other oil and gas plants and corporation. Through the assessment and inductive investigations of the professionals and officials of the British Petroleum, the incident occurred due to an ignition of the chemicals. The company’s unit managers and operators admitted that they made some mistake in the process of handling the fluids, in which unexpectedly result in an explosion. Based on the report, the explosion was the main responsible for the death of the company’s 15 workers...
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...The Joseph King McMahon Petroleum Engineering Scholarship Application Deadline: March 1, 2016 Statement of Purpose Dear Scholarship Applicant: The Joseph King McMahon Petroleum Engineering Scholarship was established in 2006. The purpose of the scholarship is to aid students who are interested in pursuing the study of petroleum engineering. Students should demonstrate a willingness and ability to maintain a high level of academic achievement along with leadership and involvement within their college and the community. It is hoped that the recipient of this scholarship will someday be in a position to give back to the petroleum industry and encourage others to pursue this field.This is what Joseph King McMahon did during a lifetime in the petroleum industry. We wish you success. Cordially, The Children of Joseph King McMahon Texas Alliance of Energy Producers Criteria: The Joseph King McMahon Petroleum Scholarship 1) Must be a U.S. citizen. 2) Must be majoring in Petroleum Engineering (declared major). 3) Must have an overall GPA of 3.0 or better (current official transcript required). 4) Must be classified as a sophomore or higher when completing application. The scholarship shall be used only for an undergraduate degree in petroleum engineering. 5) Must be enrolled as a full time student (at least 15 hours) for the duration of the scholarship. 6) Must demonstrate leadership...
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...CHINA NATIONAL PETROLEUM CORPORATION HISTORY China National Petroleum Corporation (CNPC) is based on the national reform program, in July 1998 in the former China National Petroleum Corporation, established on the basis of the large petroleum and petrochemical enterprise group, is a state-authorized investment institutions and state holding company, is the implementation of upstream and downstream, domestic and foreign trade, production and marketing integration, according to the modern enterprise system and the operation of trans-regional, cross-sectoral, cross-border operations, integrated oil companies. As China's largest crude oil, natural gas producer, suppliers and the largest oil refining producer and suppliers, China National Petroleum Group is involved in oil, gas exploration and development, refining chemicals, pipeline transportation, oil and gas refinery product sales, petroleum engineering technical services, petroleum machinery manufacturing, oil trade and other fields, in China's oil and gas production, processing and market-dominant position in the U.S. "oil Intelligence Weekly" top 50 ranking of the world's oil companies, China National Petroleum Group, ranked No. 10 , in the "Fortune" magazine published in 2004, ranking the world's top 500 enterprises, from the previous year's first 69 upgraded to 52 bits, ranking ahead of 17. China National Petroleum Group registered a total capital of 114.9 billion Yuan, the existing total assets of 736.2 billion Yuan in...
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...advantages of providing alternative fuel vehicles and a cost benefit analysis. At the end of this presentation, you will see that alternative fuel vehicles will not only lower operating costs, but will also provide a new perspective on marketing campaigns and will set us apart from our competition. With the rising cost of gas prices continuing to increase on a daily basis, renting a car is fast becoming a greater expense to business travelers and family vacations. Driving cross-country for the summer with the entire family is quickly becoming a thing of the past due to the expense. Business travelers and families can no longer afford to rent larger vehicles. Their only option is to settle for a smaller car or pay at the pump. At current gas prices, a 3,500- mile adventure would cost the consumer $7,140.00 in gas in a Chevrolet Astro, a common rental minivan. That is $206 more than the cost of the trip in an Oldsmobile Alero, a typical "midsize" car. For a family of four, the savings is almost enough to pay for an additional day of vacation. AAA surveys show families spend about $235 a day on food and lodging. The growing cost of operating the biggest rental cars is weighing on travelers. Gene Sloan (2004,...
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...for each of their purposes. By time our needs were changed, we needed to use more of nature. For instance, we use woods to cook food. To heat ourselves we burned woods. Then we found the coal. The coal was very effective to get energy for lots of our needs. However, human always wants more because their needs are changed. Next, we found how to use petroleum to get energy. Why we have to get energy is because energy is fundamental for people daily life. It helps us deliver nourishment, fuel transport and energize communication channels over the world. Over the impending decades, more individuals will obtain entrance to energy and appreciate higher standards for everyday life. However these improvements could cause big pressure on our world’s resources, such as energy, fresh water and food. In the meantime, environmental change remains a big concern. Petroleum sector is one of the harmful sectors. At the beginning of using petroleum, people were using it for lightning mostly. During industrial revolution, chemist found that distillation separates petroleum to more useful forms. Engines started to work with some of new forms of petroleum, gasoline, fuel oil etc. Therefore, energy sources are used like power sources. It means people can use energy to make money. When it comes to money, things are changed. Lots of entrepreneurs established companies for removing oil, for refining it, for transporting it, for distributing and for selling it to public. One of them is Royal Dutch Shell...
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...Introduction of Mitsubishi Heavy Industries:- Mitsubishi Heavy Industries, Ltd., Japan's largest shipbuilding and machinery maker, is a mammoth company involved in an array of industrial concerns. With nearly 150 subsidiaries, Mitsubishi Heavy Industries (MHI) operates in 11 key sectors--Shipbuilding, Nuclear Energy Systems, General Machinery and Components, Paper and Printing Machinery, Steel Structures and Construction, Machinery and Plants, Air-Conditioning and Refrigeration Systems, Machine Tools, Power Systems, Aerospace Systems, and Industrial Machinery--and produces everything from cruise ships and oil tankers, to construction machinery, newsprint machines, turbines, airplanes, gasoline engines, and gear cutting machines. The company also builds nuclear power plants, bridges, and sports stadiums. MHI traces its history back to the latter part of the 19th century, and has demonstrated its ability to withstand periodic downturns in the Japanese economy..MIT operated in more than 35 countries. Company Vision:- Introducing Our Creed. Company Mission:- For more than a century, Mitsubishi Heavy Industries has been supplying the world with some of its greatest technological innovations, creating symphonic harmony between nations and a more comfortable world for mankind. At the beginning of this new millenium, an exciting new era of challenges and successes lies ahead of us, an aeon in which we will continue to create harmony between men...
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...Social Responsible practices handled in the petroleum industry in Bangladesh: A case study of Shell By Delwar 2014 Dissertation submitted to Anglia Ruskin University in partial fulfilment of the requirements for the Masters Programme Abstract The research issue is that multinational organisations in the petroleum industry such as Shell and British Petroleum are being pressurised by their stakeholders to take responsibility for their business activities. In view of stakeholder pressure, companies have developed and implemented CSR policies and practices. However, the effectiveness of these CSR policies and practices is questionable as the effects of companies activities have negatively impacted the lives of their stakeholders and continue to do so (Amao, 2013). There is extensive research being carried out on understanding the effectiveness of multinationals CSR practices as there exists a wide gap between what companies are saying and what they are actually doing. Practising CSR makes companies responsible for looking after the needs of their stakeholders, makes companies take steps to protect the environment, improve people's livelihoods, motivates employees and increases organisations' effectiveness and efficiency. Multinational state they are practising CSR. Yet their activities have caused much harm to stakeholders. Shell's activities in Nigeria have caused severe health risk to families’ drinking water containing high levels of carcinogens...
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...official language | Gender | 1.02 Males/Female | 1.03 Males/Females | 1.031 Males/Females | Inequality (GINI) | 47.7 % | 44.3% | 42.9% | Individualism | Collectivist Society | Collectivist Society | Collectivist Society | Quality of Life (Interpersonal Relationship Vs Material Aspect) | Interpersonal Relationship are Valued. Influence of “Ubuntu” | Interpersonal Relationship are Valued. Influence of “Ubuntu” | Interpersonal Relationship are Valued. Influence of “Ubuntu”.Concept of extended family.“Male egotism “ | Long Term or Short term orientation | Long Term Orientation | Long Term Orientation | Long Term Orientation | Asian Paints should take into account the diversity of Kenya & Uganda while selling different shades of its products. The major implication will be in the marketing communication where language has to be kept in mind. Packaging & designing the product has to be as per the ethnic color preferences. Since interpersonal relationships are family time is valued – Asian paints should push more pastel shades in the market. Long term orientation implies that more adhesives and long lasting paints will work in the market. has to be kept in mind. Packaging & designing the product has to be as per the ethnic color preferences. Also since relationships are given importance, the focus must be to build a loyal customer base that can be achieved through services go beyond just “selling the product” Administrative: | KENYA | UGANDA | NIGERIA...
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...International Investment Report - British Petroleum in Nigeria Group D June 6, 2015 Table of Contents Introduction 3 Country Evaluation 6 Industry Overview 9 Regulatory structure 9 Competition – Major and minor competitors 12 Local financing options for the expansion 12 Overall attractiveness of the industry 13 Entry Strategy 13 Recommendations 17 References 20 Introduction Nigeria in West Africa is about twice the size of California in the US but is the largest country in Africa. Just over 160 million people live in this country with approximately 800,000 of them living in the capital city of Abuja which is located in the very center of Nigeria. (Nigeria) Nigeria has two distinct reputations. One as a corrupt and violent country that is not highly recommended for tourist type visitations (although it does have incredibly interesting historical sights) and the other for being the country visited mostly for unbelievably lucrative business transactions involving oil and gas. The Nigerian people live mostly in poverty in a country where oil and gas exports total billions in revenue. This is due to the fact that the Nigerian government has total control over their property rights. In addition corruption within that government runs rampant. According to an article by Michael Burleigh 70% of Nigerians live below poverty level struggling to survive. (Burleigh) What is even more interesting in a country rich in oil and gas is that the poverty...
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...entrepreneurs became the catalyst for the growth of the U.S. economy. After the Civil War, American material output increased dramatically, and big businesses extended their reach deeper into American life. Together, these events revolutionized the way Americans lived, no matter which region (Schultz, 2014, , chapter 17). The industrial revolution caused the main energy resources to shift from animals and human labor to large machines. Schulz eloquently relayed; “Businessmen between 1865 and 1915 used continuing technological breakthroughs and creative financing to bring greater efficiency to their businesses, which dramatically expanded their markets and their ability to produce goods. The effects of this transformation were felt outside the business world, resulting in two key...
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...CHAPTER The Industrial Age 17 Learning Outcomes After reading this chapter, you should be able to do the following: LO 1 Describe and discuss the development of the Industrial Revolution in America after the Civil War, concentrating on the major industries and their leaders. LO 2 Explain why the late 1800s in America have sometimes been called the “Age of Innovation.” LO 3 Describe how America’s regional and local markets merged into one truly national market, and how this influenced the consumer demand for products and services. 9781133438212, HIST2, Volume 2, Kevin M. Schultz - © Cengage Learning. All rights reserved. No distribution allowed without express authorization “ The world that had consisted of small farms, artisans’ workshops, and small factories transformed into a full-scale industrial society. ” The Art Archive / Culver Pictures As the process of ensuring political, economic, and social rights of African Americans waned during the 1870s, most Americans turned their attenNo invention had more lasting impact than the incandestion to another transformacent light bulb. tion brought on by the Civil Strongly Disagree Strongly Agree War: the Industrial Revolution. 1 2 3 4 5 6 7 During the half-century between 1865 and 1915, the United States evolved from a relative economic backwater to become the most powerful economy in the world. Industrialization played a key role in the nation’s advances, and both the Civil War and a core group...
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...CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY The goal of every business is to make profits for the owners. This looks to be an extremely effectiveness difficult task unless firms discover the different ways to improve on efficiency and of their operations. Recruitment is the process of generating a pool of capable candidates applying to an organisation for employment (Gold, 2007). Applicants with experience and qualifications most closely related to job specifications may eventually be selected. Organisations become concerned when the cost of a mistake in recruitment is high. According to Armstrong (2006) the aim is to obtain, at a minimum cost, the number of suitable and qualified candidates to satisfy the needs of the organisation. The organisation attracts candidates by means of identifying, evaluating and using the most appropriate sources of applicants. El-Kot and Leat’s (2008) observation is that recruitment begins with advertising existing vacancies As already mentioned, this can be done internally or externally. In this instance the researcher was interested in external sources and processes as organisations in the Province are currently experiencing an undersupply of suitable candidates. Company policies related to the employment of relatives may influence its recruitment efforts. Currently more and more companies implement anti-nepotism policies that prevent the employment of close relatives, especially relevant to placement of candidates in the same departments...
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...employees, and communities. Salman Khurshid, Minister of state for corporate Affairs, Government of India, made his standpoint on CSR very clear. Mr.Khurshid said that CSR should be quantifiable like carbon credits as corporate cannot behave irresponsibly in social responsibility and should act in, “enlightened self interest”. The ministry review of CSR projects to ensure that the funds are used in the genuine progress of society. CSR projects include encouragement of literacy and higher education ,grant of scholarship and aid to deserving young pupils of less privileged sections of society ,facilities for constructing schools, renovation of school buildings and other infrastructure .Besides ,the company also pays out for healthcare and family welfare development .The emphasis is also on development of infrastructure facilities –improvement of roads ,bridges ,street lighting ,draining system and progress of agriculture and cottage industries. Meaning of CSR: - Corporate social responsibility...
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...natural gas also help generate the electricity that powers our daily lives? Or that crude oil supplies the building blocks for everything from dent-resistant car fenders to soft drink bottles to camping equipment? Explore this section to learn more about oil and natural gas, how they are produced and how they become the products you count on. You'll also find useful tips on how to conserve energy and use oil and natural gas products in ways that protect you, your family and our environment. Wells to Consumer Interactive Diagram This interactive diagram that shows the journey of oil and natural gas from Exploration and Production to the final products that benefit consumers. Exploration and Production Access to oil and natural gas resources is critical to supplying the energy needs of American consumers, business and homeowners. Transporting Oil and Natural Gas Supply and demand are rarely concentrated in the same place. Transportation therefore is vital to ensuring the reliable and affordable flow of petroleum we all count on to fuel our cars, heat our homes and improve the quality of our lives. Fuels and Refining America's refiners are a strategic asset for the United States, and maintaining a viable domestic refining industry is critical to the nation's economic security. Understanding Crude Oil and Product Markets Find out how horizontal drilling and hydraulic fracturing have rapidly increased crude oil production in the United States and have substantially reduced...
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...Country Analysis - Greece Bordering the Aegean Sea, Ionian Sea and the Mediterranean Sea in southern Europe,Greece is a country of mostly mountains with ranges extending into the sea as peninsulas or chains of islands. From wet winters, to hot and dry summers, greece is a popular tourist destination. With nearly 4.5 million people in the Athens area, Greece is populated with nearly 10 million people in which a parliamentary democracy exists. 300 people are elected whom form the parliament which conducts the legislative duties of the government.The political party collects approximately 151 seats in the parliamental duties of the administration. The president automatically becomes prime minster and then gets appointed to become cabinet ministers. The actual ‘president’ is elected by the parliament for a five year term. The current ‘chief of state’ is President Karolos Papoulias and the head of government is Prime Minister Antonis Samaras. As you are aware, Greece’s economy isn’t doing too well lately. Greece has a capitalist economy which means it has an economic system based on private ownership of capital. 40 percent of the countries GDP is accounted from a public sector. Tourism provides fifteen percent, in which we will discuss later. Between 2003 and 2007 the economy grew nearly four percent per year. This is partially due to the 2004 Olympic games which also resulted in an increased availability of...
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