Commission on the BP Deep Water Horizon Oil Spill and Offshore Drilling released a report in January 2011 to the President of the United States indicating that the April 20th‚ 2011 Deep Water Horizon’s explosion and the resulting oil spill at the Macondo well was a foreseeable and preventable disaster. The Commission’s report indicated that a number of easily identifiable mistakes by British Petroleum‚ Transocean‚ and Halliburton ultimately led to the devastating oil spill which lasted 87 days and dumped
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excessive amount of oil from the bottom of the ocean. This resource is made up of dead fish and other creatures that sink to the ocean floor and as sediment builds up the dead animal remains decompose and heat up to form the oil and natural gas. This can take up to thousands of years to form and if humans use too much oil we will have to wait another thousand years to use the oil the ocean provides us with. An example of over drilling oil is the Deepwater Horizon Oil Spill in 2010. ” A surge of
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A Study on the Sustainability of Palm Oil Industry in Malaysia Malaysia is the largest exporter of palm oil and is positioned as the world No.2 producer of palm oil used to make products from bio-diesel to cooking oil. According to Adnan (2014)‚ RSPO were unhappy with the Malaysian Palm Oil Association (MPOA) were delaying towards the implementation of the measures which would help in facilitating sustainable plantation. This was given by the Malaysian body to consider its position in the international
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Current & Emerging Challenges in Global Oil & Gas Industry Submitted By: ABHISHEK KUMAR ROLL – 02 PGDM - IB Under the Guidance of: Prof. C P JOSHI HOD (Strategy‚ International Business & General Management) Current & Emerging Challenges in Global Oil & Gas Industry 1. Topic: Current & Emerging Challenges in Global Oil & Gas Industry 2. Objective: This seminar paper aims to briefly analyse the current challenges faced by Global Oil & Gas companies and its impact on the global energy
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a world leader as an oil and gas producer. Also‚ it is one of the pioneers in deepwater drilling in the Gulf of Mexico‚ and it is the largest lease holder in the United States with more than 650 lease blocks in waters greater than 1‚250 feet. Unfortunately‚ BP had the record of the biggest oil spill in the area. On April 20‚ 2010‚ the Deepwater Horizon rig operating in the Gulf of Mexico experienced a well blowout which sank the platform and resulted in the release of oil into the Gulf‚ a great
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CRUDE OIL HISTORICAL DEVELOPMENT 1990 -‚ The price of crude oil spiked with the lower production during Kuwaiti invasion by Saddam Hussein forces 1994 - The Gulf War to liberate Kuwait‚ crude oil prices declined. In 1994‚ the inflation adjusted oil price reached the lowest level since 1973 The United States economy was strong and the Asian Pacific region was booming which extended into 1997. From 1990 to 1997‚ world oil consumption increased 6.2 million barrels per day. Declining Russian
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living in the rainforest. This problem is catastrophic and caused by us humans. If some of you are thinking its palm oil‚ your right! (change) What is palm oil? Palm oil is a highly saturated oil that comes from the fruit of a palm tree growing in tropical climates. Today most palm oil is produced in Indonesia and Malaysia. Rainforests are destroyed to make room for palm oil plantations. These areas‚ which are the lungs of the world and home to native wildlife‚ are destroyed at an alarming
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importance of oil in our society is so great that it affects developed and developing countries. It is a huge contributor to economic growth and environmental destruction. Although the Alberta Oil Sands has destroyed acres of local and global (indirectly) ecosystems‚ it has achieved and ensured that Canada stays as an economic power. The economical‚ cultural‚ and political benefits the oil sands give to Canada makes it an irreplaceable asset to our nation and our global community The oil sands have
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Tea Tree Oil What do cuts‚ gingivitis‚ and mold all have in common? Not only are they all a hassle to deal with‚ but they can all be treated with tea tree oil‚ also known as Melaleuca Alternifolia. This multipurpose essential oil is a practical addition to any household stash of cure-alls. It is extracted from the branches and leaves of the tea tree‚ a white flowering plant‚ which is found in the swampy lowlands of Australia. Tea tree oil has now come to be considered a staple in homeopathic healing
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Note: other alternative = trying to get their cosmetics in to retailers such as body shops etc. Ansoff : Olive Oil Oil in to new markets. Same Product New market. = Market Development. Ansoff: Cosmetics Market Development Also Market Penetration in the markets it is in. Porter 5 Forces: Olive Oil 1) Direct Rivalry = High 2) Bargaining Power of Suppliers = Medium to High 3) Bargaining power of Buyers = Medium (brand loyalty in industry) 4) Threat of Substitutes = Medium to Low
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