SAXENARAGHAV YADAVROHAN ANANDDATE OF SUBMISSION: 24TH AUGUST‚ 2010 | | Effect of BP oil spill and subsequent market reaction on the assets of pension funds and mutual funds Case Facts:- * 20th April 2010 – an explosion caused by blowout on Deepwater Horizon rig kills 11 crewman (including 9 Transocean employees) and ignites a fireball visible from 35 miles. * Deepwater Horizon was leased to BP from March 2008 to September 2013 * Share price on 21st April 2010 – 648.20p & lowest
Premium Management Project management Organization
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
Premium Petroleum Decision making Drilling rig
Macro environment influences – PESTEL Analysis The external environment is influenced by certain factors that in turn affect the overall industry and the company as a unit. Hence the PESTEL Analysis of Sweden is used in detail according to Figure 01 in the Appendix. Political – Legal environment IKEA has throughout the years‚ received the utmost support from its own country’s government officials. The company has always complied with observing the laws and regulations of its home country. Now
Premium
(EYMP1) The EYFS (early year’s foundation stage) is part of the childcare act which was introduced in 2006‚ it is the framework which sets the standards that all early years practitioners must meet‚ and it covers the outcomes in Every Child Matters; * Be healthy * Stay safe * Enjoy and achieve * Make a positive contribution * Achieve economic well-being It is important that the EYFS covers all of these principles… A unique child- Every child is a unique child‚ they are all
Free Developmental psychology Educational psychology Play
British Petroleum “BP” Oil Spill On April 20th 2010‚ British Petroleum better known as BP had an extremely destructive impact on the environment and the livelihood of those in Gulf Coast area of Louisiana‚ Mississippi and Florida. BP’s Deep-water Horizon oil rig was located offshore‚ 52 miles off the southeast coast of Venice‚ Louisiana. An explosion on the Deep-water Horizon oil rig caused a massive fire that claimed the lives of eleven BP workers. After 36 hours of burning‚ the Deep-water Horizon
Premium Petroleum Louisiana Oil platform
EDLP‚ and uses economy of scales from stocking its hypermarkets to keep prices low. 49% of Rimi Baltic’s turnover in 2008 was in Latvia‚ and for the purpose of this analysis‚ determining whether Rimi Baltic to should expand as a discount grocer into the UK‚ the country of Latvia will be used as a main point of reference. PEST Analysis Political: In recent history the two most significant dates in Latvia’s political evolvement have been 1991 and 2004. Both have impacted greatly on forming Latvia’s
Premium Estonia
oil spill affected and left significant damage to human‚ animals‚ and to the environment that will last not just years‚ but centuries‚ or maybe more. “On 20 April 2010‚ the British Petroleum(BP) Deepwater Horizon drilling rig exploded off the coast of Louisiana‚ killing 11 workers (National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling 2011)” (Peres). This drilling rig have about 126 workers that time. This massive explosion happened at about ten at night wherein only the lights
Premium Petroleum Drilling rig Oil well
BP’s Management Planning Presentation By Michelle Rollins MGT/230 1/20/14 Rick Benito Overview The planning function of management The influence of legal issues‚ ethics and corporate social responsibilities of British Petroleum (BP) The factors that influence‚ Strategic‚ Tactical‚ operational and contingency planning Planning For Rebuilding and Growth Exploration Deepwater Gas value and chains Technology Relationships Strategic goals Increase stock values Rebuild public relationships
Premium Planning Management Social responsibility
disaster strictly a BP failure or an industry accident?........................................................................2 What factors affect the competitive environment of the oil industry? ...........................................................2 Question 2 ............................................................................................................................................................4 What were the most significant flawed decisions made by BP and its partners
Premium Energy development Petroleum
BP and Consolidation of the Oil Industry‚ 1998-2002 Executive Summary BP should sell its business and start a new business‚ a clean energy production‚ because it would lose profits from oil supply. Oil industry had not developed in perfect competition; oil price was easily controlled since oil industry was oligopoly‚ many consumers exist and the government protected oil industry from competition. However‚ oil industry is facing perfect competition; oligopoly formation of oil industry
Premium Peak oil Oil reserves