TNK-BP is a joint venture company owned by British Petroleum‚ more commonly known as BP‚ and the Alfa‚ Access/Renova group‚ more commonly known as AAR. Both BP and AAR each own 50% of TNK-BP. TNK-BP was created in 2003 after a merger between BP and TNK that settled the dispute between the two companies over Sidanco and its subsidiary Chernogorneft’s ownership that had been on- going for years. The partnership combined BP’s knowledge‚ equipment‚ and experience; and Russia’s new supply
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INTRODUCTION BP originated from a British petroleum company founded in 1909. After experiencing crises during the 1980s-1990s‚ the company started to have a cost cutting culture. During mid-1990s‚ with an aggressive growth strategy‚ BP started to grow and reposition. After BP merged with Amoco in 1998‚ John Browne started to serve as chief executive until May 2007. Browne repositioned BP as a “green” oil company after he took over and practiced the model of organizational decision-making strategy
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A performance indicator or key performance indicator (KPI) is a type of performance measurement.[1] An organization may use KPIs to evaluate its success‚ or to evaluate the success of a particular activity in which it is engaged. Sometimes success is defined in terms of making progress toward strategic goals‚[2] but often success is simply the repeated‚ periodic achievement of some level of operational goal (e.g. zero defects‚ 10/10 customer satisfaction‚ etc.). Accordingly‚ choosing the right KPIs
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In 2010‚ BP encountered two predicaments. The first was stopping a major oil spill in the Gulf of Mexico after an oilrig exploded. The second was persuading people that they were doing just so. The company damaged its environmentally friendly image when the Deepwater Horizon oilrig exploded in the Gulf of Mexico on April 20‚ 2010‚ eventually creating the largest marine oil spill in history. Eleven workers were killed‚ an estimated 6‚000 barrels of oil leaked per day‚ and years of irreversible damage
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| | BP p.l.c. (BP) is one of the largest vertically integrated oil and gas companies in the world. Its operations include the exploration and production of natural gas and crude oil; refining of crude oil; manufacturing of petroleum products; marketing of refined products; construction and mining; and transportation of crude oil. It is also involved in the marketing and trading of gas and power‚ marketing of liquefied natural gas (LNG)‚ natural gas liquids (NGLs) and low-carbon power generation
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The Path to Success Everyone’s goal in life is to be successful in some way. Success means many things to many people‚ and everyone will do anything to reach that ultimate goal. Because success is very personal and can be taken in many different ways‚ everyone has a different understanding of what success means to people. Generally‚ success means fulfilling the goals that people set for themselves. However‚ success cannot be achieved without hard work‚ sacrifice‚ dedication‚ perseverance‚ and most
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Case Study Coca-Cola and CEO Douglas Ivester And BP and CEO Tony Hayward 1. If Douglas Ivester was so successful‚ for years‚ on the executive staff‚ why did he fail when he was given the CEO/president position? Give an overall impression‚ broad stroke explanation of why he failed. Ivester was a hardworking‚ diligent CEO‚ but he lost sight of the people side of Coca-Cola. In any business people are a very important aspect that needs to be nurtured because without them the business is
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BP OIL SPILL 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)[5][6][7][8] is a massive ongoing oil spill in the Gulf of Mexico that is the largest offshore spill in U.S. history.[9] Some estimates placed it by late May or early June‚ 2010‚ as among the largest oil spills in history with hundreds of millions of gallons spilled to date. The spill stems from a sea floor oil gusher that resulted from the
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The Economic Impact of the BP Oil Spill In April of 2010‚ a British Petroleum operated oil drilling rig off the Gulf of Mexico‚ the Deepwater Horizon‚ exploded suddenly after high pressure methane gas from the oil well rose to the drilling rig‚ causing it to ignite and then sink to the bottom of the ocean floor. The explosion caused a sea-floor level oil blowout‚ and crude oil was leaked into the surrounding water for three months before a solution was found. After eighty-seven long days‚ the wellhead
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PROJECT :SUCCESS AND FAILURE WHAT IS SUCCESS‚ WHAT IS FAILURE‚ AND HOW CAN YOU IMPROVE YOUR ODDS FOR SUCCESS? Robert Frese Systems Analysis Dr. Vicki Sauter UM-St. Louis December 16‚ 2003 We know why projects fail‚ we know how to prevent their failure – so why do they still fail?”(2)This statement could be applied to the recent Space Shuttle disaster‚ or the 2003 collapse of a large portion of the U.S. electrical grid. But the author was talking about Information Technology and Information
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