Gulf Oil Corp.--Takeover Summary of Facts o George Keller of the Standard Oil Company of California (Socal) is trying to determine how much he wants to bid on Gulf Oil Corporation. Gulf will not consider bids below $70 per share even though their last closing price per share was valued at $43. o Between 1978 and 1982‚ Gulf doubled its exploration and development expenses to increase their oil reserves. In 1983‚ Gulf began reducing exploration expenditures considerably due to declining oil prices
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Standard Oil Company of California (Socal) is considering how much to bid for Gulf Oil Corporation (Gulf)‚ which is currently in the middle of a bidding war. Gulf is unwilling to consider bids below $70 per share even though their share price was $39 at the time Boone Pickens began purchasing shares in the hopes of a takeover. II. Statement of Facts and Assumptions Under the direction of James Lee‚ Gulf pursued a twofold strategy. First‚ Gulf renewed its focused on oil whereas in the past‚ Gulf had developed
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Business 352 Gulf Oil Company Sarah Barrette‚ Trevor Haug‚ Tyler Crawley‚ Maxwell Steimle Group #1 10/31/12 Table of Contents Recent History Page 3 The Takeover Pages 3-4 The Auction Page 5 Financial Analysis Page 5-6 Standard Oil Company of California’s Alternatives Page 6 Recommendations Page 7 Works Cited Page 8 Appendix Balance Sheet (Table 1) Appendix 1 Operating Sheet (Table 2) Appendix 2 Financial Analysis (Table 3) Appendix 3 Give appropriate
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Lessons from the Past The recent major oil spill in the Gulf of Mexico‚ from BP’s Deepwater Horizon‚ has brought the use and effectiveness of bioremediation back into the news. Recruiting bacteria and other microbes to break down synthetic waste is an immensely appealing idea. Putting microorganisms to work in this manner is the crux of bioremediation (Alcamo‚ Weeks‚ 2008). The work to clean up the Horizon spill actually started in the 1800’s when night-soil men would go from house to house and
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Analysis: Gulf Italia Nicolo Pignatelli and Gulf Italia: Case Analysis 1. Pignatelli should first and foremost properly assess the ethical dilemma he faces. The problem before him comes down to the decision between two outcomes both with their share of benefits and risks. He can follow guidelines by waiting several months to receive a response from the Italian government while losing millions of dollars and risking his reputation and fate of his company if the government decides to not allow Gulf Italia
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the dull lady is revealing. She announces that an oil spill has erupted in the Gulf of Mexico and the company “BP” is smothered all over the screen. The child only can only understand one concept: BP was the sole cause of this oil spill. To clarify‚ the child did not learn the real causes for this catastrophic disaster. On April 20‚ 2010‚ the oil rig called Deepwater Horizon exploded‚ causing 3.19 million barrels of oil to spill into the Gulf of Mexico (Smithsonian). The causes: the crew of the rig
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The 2010 BP Oil Spill allowed about 5 million barrels of oil to flow into the Gulf of Mexico before the gush was capped. Unfortunately‚ the explosion killed 11 people and injured several others (Benoit‚ 2011). To claim its ultimate negligence and reduce the pollution of the spill‚ BP created a multi-page website entitled “Gulf of Mexico Restoration” to communicate its message to the public. BP’s “Gulf of Mexico Restoration” website uses these three strategies to repair its reputation: displaying
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BP ’s Management Crisis The Frontline report‚ “The Spill”‚ which focused on British Petroleum ’s problematic management culture and its catastrophic effects‚ aired on October 26‚ 2010. Around then‚ the oil giant BP had suffered a crisis with its latest off-shore oil rig‚ the Deepwater Horizon. However‚ this was just the latest in accidents concerning its oil operations. In the years before the Deepwater Horizon accident‚ BP had also suffered major accidents in its oil production fields in Texas
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Module Name: Oil & Gas Management Module Code: POG210 Module Leader: James Milne Student Full Name: Desmond Guy Harvest Student ID: 31661 Resit Assignment Essay Abstract: The intention of this Essay is to examine about sufficient understanding BP‚ which is one of the biggest well known since 1908. However the saddest oil spill disaster has taken way the life of 11 BP Employees‚ but it also made an impact in the environment such as ecosystem‚ the ocean’s suffer from oil covering bodies‚ and
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Research 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
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