Mexico. The explosion occurred in an oil well of British Petroleum and it is estimated that almost 4.9 billion barrels of oil was leaked to the Atlantic Ocean during the first three months since the incident. The oil spill had devastating effects of the economy and environment of America and the company had to face severe criticism from across the world community. Macro-environmental factors affecting BP Political Environment British Petroleum has held back its dividend payout to its prime stakeholders
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A well known link exist between oil price external reserves and exchange rate for oil exporting countries that relies on over 90% of her annual revenue crude oil sales. The link is such that an oil dependent economy relies on a robust foreign reserves to pay for her import demands. During periods of high and sustained crude oil price, the domestic currency (Naira) tends to appreciate in value because of sustained inflow of FDI and foreign capital. When oil price is declining, the revenue
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ISIS Introduction: ISIS is a terrorist group led by Abu Bakr al-Baghdadi. It began as the Iraqi chapter of Al Qaeda. But the two groups always had disagreements, and ISIS broke away in 2014. Now ISIS and Al Qaeda compete for influence and recruits. In 2011, a civil war broke out in Syria in response to efforts to overthrow dictator Bashar al-Assad. ISIS quickly took advantage of the chaos. The group now controls a vast territory in Syria and Iraq. They’ve become one of the largest, most
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CEPCO (Civil and Electrical Projects COntracting) is a leading construction company with corporate headquarters in Jeddah, Saudi Arabia, and offices throughout Saudi Arabia and the Middle East. CEPCO has been in business since 1977 and provides construction services in the fields of Civil & Infrastructure, Electrical, Electromechanical, Oil, Gas & Power. CEPCO executes projects for civil and electrical projects in Saudi Arabia and in GCC countries, especially in the field of 69 up to 380 kV Cable
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British Petroleum Communication Problems inside BP Submitted by: Date: December 4, 2014 Memo 12/4/14 Jeff Lewis Metropolitan State University of Denver 890 Auraria Parkway Denver, CO 80204 Dear Jeff: Enclosed is my report on British Petroleum and the Deepwater Horizon oil spill in the Gulf of Mexico. This report shows how BP cut corners to expedite construction and save millions of dollars. As a result, the biggest oil spill in United
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-GREENMANTRA TECHNOLOGIES It has always been globally debated, the issues caused by plastic to the environment and human beings. A complete solution that can harness both issues was not tracked down.The breakthrough invention was on 2010 when Greenmantra an Ontario-based company came up with a solution to this global issue. A process which uses relatively low- cost to convert plastics into high-value refined products such as wax, greases, and lubricating oils. Its technology has awarded them Canada’s
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manufacturing goods like chemicals, plastics, paints, medicines etc. Oil is a non-renewable resource and thus has limited supply and due to its many uses has very high demand. Earlier price of oil was mainly influenced by OPEC. Organization of Petroleum Exporting Countries (OPEC) is type of cartel which mainly determines price of oil by actual supply and demand and partly by expectation. A Cartel is a group of sellers of a product who have joined together to control its production, sales, and price
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Donald Williams English Composition 102 Mr. Vincent Wake up, America. The time has come for us to cut our ties to petroleum based fuels and to place more emphasis on expanding our technology of alternative fuels. With the energy crisis as dangerous today as it was five years ago, we alone hold the keys to our own future vehicles--TODAY. With the investments that we have already made on alternative fuel vehicles, why not continue to strive to perfect the technology? If we choose not to continue
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(weight: 1.71 %) increased by 0.9 % in September, 2015. Its cumulative index during April to September, 2015-16 declined by 2.1 % over the corresponding period of previous year. Page 1 of 4 Refinery Products (93% of Crude Throughput) 6. Petroleum Refinery production (weight: 5.94%) increased by 0.5 % in September, 2015. Its cumulative index during April to September, 2015-16 increased by 3.6 % over the corresponding period of previous year. Fertilizers 7. Fertilizer production (weight:
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Hydrofracking Edwin R. Visser POL/215 July 15, 2015 Tim Buchanan Hydrofracking Hydraulic fracturing or better known as “hydrofracking” (also commonly referred to as simply fracking) has been around since the late 1940’s. According to "Coloradans For Responsible Energy Development" (2014), "more than two million wells have been fracked to date in the U.S.” (Top 10 Fracking Facts). Fracking is a controversial topic with a broad range audience. Governments, Agencies, the general public, and
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