“PRODUCTION AND OPERATIONS MANAGEMENT” Chris Connell June 10, 2012 ABSTRACT In this paper, I will analyze Marathon’s product processes; I will determine which part of those processes is open to the greatest number of efficiency improvements, and I will explain further. In addition, I will discuss the relationship between the retail price of gasoline and the world demand for crude oil. I will try to discuss how Marathon could keep the price at the pump the same without losing any profits – even
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Assignment #3 Production and Operations Management Explain one possible option that Marathon could take to reduce the time involved in the production process. Marathon Oil is the leading integrated energy company, known for many things such as the exploration of gas and oil, oil production and refining, marketing and distribution and transportation of the finished product. Strategically located thought the world, in places such as the U.S., Angola, Canada, Equatorial Guinea, Gabon, Indonesia
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Production Process and Management Analyze Marathon’s product process and determine which phase is open to the greatest number of efficiency improvements. Marathon is among the top five crude oil refineries in the United States. It’s an integrated international energy company engaged in exploration and production of oil, sand mining, integrated gas, refining, marketing, and transportation operation. Marathon needs to upgrade a few of their refineries and pipelines in order to increase the production
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and the world demand for crude oil. Marathon is among the top five crude oil refineries in the United States. It’s an integrated international energy company engaged in exploration and production of oil, sand mining, integrated gas, refining, marketing, and transportation operation. Marathon needs to upgrade a few of their refineries and pipelines in order to increase the production process of heavy crude oils, (marathon.com). For example, once the Detroit Heavy Oil Upgrade Project is completed
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Production and Operations Management 1. Analyze Marathon’s product process and determine which phase is open to the greatest number of efficiency improvements. Explain your rationale. Marathon has contracts with Very Large Crude Carriers (VLCC) that transport crude oil from various overseas locations to the Louisiana Offshore Oil Port (LOOP). These VLCCs are capable of carrying an average of two million barrels and can take 36 to 48 hours to unload at LOOP. The crude oil is transported
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Strategic Research Project Analysis: NOBLE ENERGY, INC Respectfully Submitted to: Dr Shengsheng Charlie Huang Strategic Management MGMT 4309- Fall 2013 Table of Contents 1. Executive Summary 2. Introduction 3.1 Company Background 3.2 Purpose of the study 3. External Analysis 4.3 General Environmental Analysis 4.4.1 Demographic Segment 4.4.2 Economic Segment 4.4.3 Political/Legal Segment 4.4.4 Socio-Cultural Segment
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States Steel Corporation more commonly known as U.S. Steel is an integrated steel producer with major production operations in the United States, Canada, and Central Europe. The company was the world's 13th largest steel producer in 2010. It was renamed USX Corporation in 1986 and back to United States Steel Corporation in 2001 when the shareholders of USX spun off the oil & gas business of Marathon Oil and the steel business of U. S. Steel to shareholders. In 2001 it was still the largest domestically
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Oil Refineries in 2013 The O&G sector has seen an increase in volatility over the past five years. Prices were the most extreme from 2008 to 2009 due to the global financial crisis and the recession that followed thereafter. The price of Brent crude dropped from a high of around $150 to a low of $40 during that time period, and the price of natural gas dropped from a high of $13 to under $3. However, by 2010, the price of oil has stabilized and strengthened, and recovery was well underway
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Mergers and acquisitions – Amoco Highlights Transaction summary Merger of Amoco into a newly formed BP first-tier US subsidiary Amoco shareholders receive BP plc ordinary shares as ADRs Unified global management team US and UK GAAP results presented using merger accounting or on a "pooling of interest" basis US$-denominated group financials and dividends Transaction recommended by both Boards Effective: December 31, 1998 Transaction overview Transaction description UK Holding Company Structure
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UNIVERSITY THE INTERNATIONAL OIL COMPANIES BY AMY MYERS JAFFE WALLACE S. WILSON FELLOW IN ENERGY STUDIES JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RONALD SOLIGO, PH.D. PROFESSOR OF ECONOMICS, RICE UNIVERSITY RICE SCHOLAR, JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY PREPARED IN CONJUNCTION WITH AN ENERGY STUDY SPONSORED BY JAPAN PETROLEUM ENERGY CENTER AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY NOVEMBER 2007 International Oil Companies THIS PAPER WAS WRITTEN
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