The Harmonized Savings Plan at BP Amoco Brief description of case background On August 11‚ 1998‚ United States Amoco Corporation (Amoco) and The British Petroleum Company p.l.c. (BPC) announced the BPC merger with Amoco. With a combined number of participants of 40‚000 and $7 billion investment assets under management‚ the merged pension and savings plan of the new company is viewed by both management and employees as a bellwether of the success of the merger. Therefore‚ the new investment team
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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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(2003). Extending the theory of the multinational enterprise: Internalization and strategic management perspectives. Journal of International Business Studies‚ 34(2): 125-137. Rugman‚ A.M. & Verbeke‚ A. (2004). A perspective on regional and global strategies of multinational enterprises. Journal of International Business Studies‚ 35(1):3-18. Rugman‚ A.M. & Verbeke‚ A. (2007). Liabilities of regional foreignness and the use of firm-level versus country-level data: a response to Dunning et al. (2007)
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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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The BP oil spill‚ more famously referred to as the Deepwater Horizon Spill‚ occurred in 2010 in the Gulf of Mexico and flowed unmitigated for as long as 3 months. The BP oil spill has fared as the largest marine oil spill ever confronted in the history of the petroleum industry. The oil spill on the 20th of April 2010 was primarily the result of a gas release followed by an explosion in the Deepwater Horizon oil rig‚ in the Gulf of Mexico‚ established on the Mocando exploration well designed for
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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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Assignment One This paper aims at identifying the communication problems facing BP‚ pointing out the concerns the key stakeholders may have‚ and discussing the steps that BP should use to deal with the key stakeholders. The main communication problem facing BP is failure to satisfy their stakeholders‚ the pubic‚ and the U.S. government. With each failure to stem the flow‚ BP’s communication problem makes the situation worse; BP becomes the target of criticism from all quarters. The cause of the communication
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Deep Horizon oil rig occurred in the Gulf of Mexico Near Louisiana. Fifteen out the of one hundred fifty men who were on board were injured. Approximately two days later‚ the rig sang and oil began spewing. The oil leaked for over one hundred days. The BP oil disaster in the gulf has posed a threat on the people and the environment that surround the oil spill. The effects of offshore drilling can be catastrophic‚ especially after seeing what has happened in the Gulf. There are many concerns that come
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