Bp also known as British Petroleum “is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.” This establishment has over 80 operations under its umbrella ranging from the United States to Australia. Oil companies such as BP constantly try to find the next best way to dig and find oil underneath the surface of the earth. Not only do they have
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Yue Song University of Maryland 12/9/2012 An Assessment of BP’s Objectives, Risks and Controls General Introduction BP (formerly known as British Petroleum) is a British multinational oil and gas company headquartered in London, UK and operating in more than 80 countries. Vertically involved in almost all areas of the oil and gas industry (exploration, production, refining, petrochemical products, power generation etc.), it provides its customers with fuel for transportation, energy
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The initial name of BP is the Anglo-Persian Oil Company in 1909; in 1954 it changed to its present name British Petroleum. It is combined and reconstructed by the former British Petroleum, Amoco and ARCO (Atlantic Richfield Company). BP’s business has spread to many fields including oil and natural gas, alternative fuels, the production of petroleum based product, aviation fuels and its business about the solar electric power generation is also growing very fast. Since 1981, BP has set up 12 branch
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The initial name of BP is the Anglo-Persian Oil Company in 1909; in 1954 it changed to its present name British Petroleum. It is combined and reconstructed by the former British Petroleum, Amoco and ARCO (Atlantic Richfield Company). BP’s business has spread to many fields including oil and natural gas, alternative fuels, the production of petroleum based product, aviation fuels and its business about the solar electric power generation is also growing very fast. Since 1981, BP has set up 12 branch
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drilling. The recent BP oil spill following the explosion of the Deepwater Horizon oilrig on April 20th, 2010 raised concern in the minds of all U.S. citizens, not just the environmentalists. Most citizens would agree restrictions should be temporarily placed on offshore drilling until we are certain another spill of that magnitude will not happen again. After the disaster, many citizens were angered to think BP was going to get off scotch free. The media and politicians bashed BP for everything they
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BP Oil Spill Public Relations Response Introduction BP Oil Spill which is also known as Gulf of Mexico and Deepwater Horizon oil spill is the largest marine oil spill throughout the history which was caused by an explosion on offshore oil platform namely Deepwater Horizon on 20th April, 2010 located at the Mississippi River delta. British Petroleum (BP) was the principal developer of Macondo Prospects oil field where the accident held. The accident occurred when they were closing the oil well
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1. Originally, an Ethics and Compliance team was formed to monitor the formation and operation of the company guidance towards ethical issues in BP’s company. Just like to set up a communication consistent standard for all the employees of BP for different location, culture and language. Originally, this is a good way to guide the company staff to maintain company standard and reputation. But the code did not effectively address specific high-risk activities for the scope of daily operations. It
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Case Study-Deepwater Zhuljeta Mujollari Post University What type of control do you think would have been most useful in this situation? Explain your choice. Feedforward control would have been very useful in this situation, especially when BP has a serious of accidents before the worst oil spill in the U.S. history happens. According to Doris Burke (2011) “each time its CEO vowed to avoid a future disaster and it failed”. Back in 2005 a high-profile explosion at Texas City kills 15
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Running head: BUSINESS RESEARCH METHODS, PART I Business Research Methods, Part I Patrice Brown, Melissa Farrell, Nichole Holden University of Phoenix Applied Business Research & Statistics Erick Ahrens July 17, 2010 Business Research Methods, Part I Introduction The management-research question hierarchy is a three step process, which begins when a management dilemma triggers the need for a decision (Cooper & Schindler, 2006). To proceed with the research process, the management
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Final Paper Management 5000 – OGF1 2010 Management Statement of the Problem From the perspective of strategic planning and leadership, how could British Petroleum Company (BP) have minimized the risk of the deepwater oil drilling incident of April 20, 2010, and done a better job of crisis management after the fact? This environmental emergency was the result of the Deepwater Horizon drilling rig explosion which killed 11 workers, injured 17 others, and resulted in a sea-floor oil gusher leaking
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