The Deepwater Horizon oil spill Background The Deepwater Horizon oil spill (also referred to as the BP oil spill‚ the Gulf of Mexico oil spill‚ the BP oil disaster or the Macondo blowout)[7][8][9] is an oil spill in the Gulf of Mexico which flowed for three months in 2010. It is the largest accidental marine oil spill in the history of the petroleum industry.[10][11][12] . The explosion killed 11 platform workers and injured 17 others.[13] On July 15‚ the leak was stopped by capping the gushing
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situation of Hong Kong will be analyse as well as the international management approach that can be used by the company to sustain competitiveness within the international market. Overview of the Company British Petroleum known today as BP Amoco is a petroleum industry based in London. It is recognized as one of the top four oil and petroleum companies throughout the world. The company started in 1901when William Knox D’Arcy was given the permission by the Shah of Persia to explore the
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MODULE DESCRIPTION 7 Introductory Lecture 10 Introductory Seminar : Review module guide and assessment! 11 Lecture One: ‘The Strategy Labyrinth.’ 12 The Essential Reading For Lecture One 12 Seminar One 13 Part 1. The Sale of Burmah Castrol to BP Amoco 13 Part 2. Strategy Past; Strategy Futures 13 Lecture Two: Models‚ Concepts‚ Theories 14 The Essential Reading For Lecture Two 14 : The Brewery Group Denmark : Faxe‚ Ceres and Thor 15 Lecture Three : Organizational Purpose 16 The Essential
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NONE OF US LIVES IN A VACUUM 1) The oil and gas industry is in the middle of a revolution‚ one taking place on five or six different fronts. After 70 years with an almost unchanged corporate structure among the major companies‚ the industry has‚ in the last two years‚ seen four major transactions in the United States and Europe‚ and a host of smaller link-ups. 2) Companies have grown in scope and scale. But oil prices are still largely determined by the decisions of OPEC‚ when all thе merges
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Petroleum’s business ethics. The report will identify the main ethical dilemmas faced by BP such as manipulating price‚ polluting the environment and violating human rights and employee safety. These ethical dilemmas will bring many negative impacts towards various stakeholders such as employees‚ customers‚ governments and host communities. After that‚ the author will evaluate the relative importance and the actions taken by BP to deal with these ethical dilemmas. The actions include set up trust fund‚ pay
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Issue Management: Risk Management Unlike traditional risk management tools‚ which are usually based around tangible and quantifiable issues‚ scenario thinking encourages executives to step into the unknown and imagine a range of possible futures. - Doug Randall and Chris Ertel Managing risk is central to many corporate strategies. Reputations that take decades to build can be ruined in a matter of hours through incidents such as environmental accidents. “The definition
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overview British Petroleum (BP) is the world largest retailer of gasoline in the United States. It ranks at the top of three global oil and gas industry. From the corporate watch website (2009)‚ it pointed out that almost 70% of the profits are gained from the US and Europe. In addition‚ BP is also devoted for aviation fuels and shipping aspects. It is reported that about 900 ports and more than 1400 airports have been supplied by the BP’s lubricants and fuels. Meanwhile‚ BP has operated on other countries
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investors‚ administrators and professionals‚ workers‚ providers‚ clients‚ team‚ government‚ business labour unions & stress categories. All of these stakeholders impact BP differently and have different amounts of energy within the company. The internal stakeholders of BP are workers‚ panel of administrators & professionals. The employees at BP can impact the organisation because in the occasion that they are being discriminated against because of an impairment‚ sex‚ race or age and in the occasion that
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implementation of their code of ethics led to preventable mishaps such as the disasters in Alaska and Texas. Specifically‚ BP ’s defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. BP has a poor code of ethics and you can clearly see that they do not follow it like they are supposed to. British Petroleum
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MPIB – International Business Strategy Module VI Active Learning Case-XI Caltex in Singapore Shift will bring oil giant closer to customers: chairman. American oil giant Caltex Petroleum is moving its global corporate headquarters to Singapore from Irving‚ Texas – making it the first multinational ever to do so. The global HQ relocation‚ which will become operational by March next year‚ will involve its top brass‚ including group chairman David Law-Smith and other executive management staff
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