The spectrums of oil spill issues are diverse and large. They range from environmental issue to economic‚ ecological‚ ethical‚ politics and policies. Among many other oil spills‚ the BP oil spill in the Gulf of Mexico‚ occurred on April 20‚ 2010 was recorded as the greatest environmental disaster in our history (BP leak the world’s worst accidental oil spill‚ 2010). The goal of our research is to seek possible solutions to reduce the risks of offshore oil spills. To attain this goal‚ we gathered
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96.BP case study: An example of a TNC 1. Different stages in the company’s operations ● Use sophisticated technologies and triedtotrue techniques to find gas under the Earth’s surface ● use topographical maps‚ aerial photography‚ sound waves‚ 3D projections and other tools to help form an educated guess about the size‚ shape and consistency of the oil or natural gas that lies beneath the Earth. ● plan and build a production facility‚ taking environmental‚ social and logistical factors
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Arguments for and against globalisation Good things about globalization: 1. International trade keeps prices low and quality high. Anytime a country in the past has tried to be self-sufficient and not partake in the global markets‚ they find that their businesses become inefficient due to a lack of competition‚ prices rise‚ their products lack innovation‚ and they end up with hyperinflation. 2. Globalization can bring wealth to some of the world’s poor. For example‚ much of Southeast Asia was
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GLOBALISATION AND SOUTH AFRICA AIM Student 431 May‚ 14th‚ 2012 Index Introduction page 3 Definition of Globalization in own words page 4 South Africa as an emerging country and globalization page 5 Trade agreements the South African government made since 1994 page 6 Globalization‚ the economy and foreign direct investment page 7 Globalization and Technology in South Africa page 8 Conclusion page 9 Bibliography page 10 Introduction
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BP: The Oil and Energy Company BP is an oil company whose roots start back in Cleveland‚ Ohio in the 1870 ’s. BP has grown from a local oil company to now being a global energy group employing over 80‚000 people and operating in over 100 countries worldwide. BP provides fuel for transportation‚ energy for heat and light‚ retail services‚ and petrochemical products for everyday items. They are all about finding oil and natural gas and have several brands that might sound familiar: BP‚ Castrol
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The decision whether to close the Lima‚ OH plant has not been easy to make. There have been many arguments as to why and why not the plant should remain open or be closed. As the VP of Finance for BP‚ I have kept an open mind and looked at the advantages and disadvantages of closing the plant. I will now discuss some of these arguments in the following paragraphs. The first argument as to why the plant should remain open is the 30% increase in productivity. Lima‚ Ohio has a population of 48‚000
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British Petroleum is a global brand which is acknowledged worldwide for quality gasoline. The brand name BP ‘appears on production platforms‚ refineries‚ ships and corporate offices as well as on solar products‚ wind farms‚ research facilities and at retail service stations’. BP has grown into a global energy group from a local oil company. It has employed over 96‚000 people. Strategic decisions are usually long term decisions which are often risky and speculative. A strategic decision
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BP is a multi-national oil company based out of London‚ England. Truly an "oil supermajor‚" BP has more than 115‚000 (2006) employees with operations in more than one-hundred countries throughout the world. BP has a corporate slogan that says "beyond petroleum" and such has been the corporation’s nature since it adopted the slogan in 2000. They are driven not to simply provide petroleum at a reasonable price‚ but to go beyond that‚ researching new forms of energy and providing to customers beyond
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Market structure : there are a number of different buyers and sellers in the marketplace. This means that we have competition in the market‚ which allows price to change in response to changes in supply and demand. Furthermore‚ for almost every product there are substitutes‚ so if one product becomes too expensive‚ a buyer can choose a cheaper substitute instead. In a market with many buyers and sellers‚ both the consumer and the supplier have equal ability to influence price. In some industries
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The decision making biases greatly impacted the decisions made by those involved in the oil spill. Between both organizations‚ BP and Transocean‚ and there inability to agree and make adjustments caused BP to be publicly criticized. The cognitive bias‚ overconfidence‚ is explained by the Business Insider as being “too confident” about one’s abilities. (Lee & Leibowitz‚ 2015). The worker’s on the rig presented this specific bias when making decisions. When the data examined revealed warning signs
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