Petroleum industry

1 Company Profile Gloil is a manufacturing company based in the USA, dealing with the provision of oil mining machinery and advanced technology. Operating on a multinational level, Gloil targets countries with oil mining, but focuses on those that have only recently discovered their oil wells. 1.1 Products and Services Among the products that the company provides include tricone bits, sucker rods, oil drilling stabilizers and hydraulic accumulators (Oil News). These forms of machinery make it…

Many people would associate the Deepwater Horizon oil spill in 2010 as the world’s worst human-caused ecological disaster, citing the devastating effect the spilled oil gushing into the Gulf of Mexico. Although the slick has spread over a large area, destroy BP’s publicity, and has killed many marine-based wildlife, other events in history makes the oil spill appear incredibly minor in comparison. For example, in John Steinbeck's Grapes of Wrath, the Dust Bowl, a result of bad farming techniques…

Place’s like North Dakota, Wyoming, and New Mexico are a few of the new fields that have been discovered in recent years. These are all remote states with small and usually spread out populations. How does the oil industry expect to raise a work force in this area? The answer is paying high enough wages to attract experienced oil field workers to uproot from their current situation and relocate to where you need them. Experience is the important factor in starting…

Hunter “The US has the 10th largest oil reserve in the world”. “The US consumes more oil than any oil country 1.85 billion barrels per day”. Oil spills affect the environment and economy. The Gulf of Mexico has over a thousand oil rigs. The Deepwater Horizon is one of the biggest oil rigs on the Gulf of Mexico. In 2010 there was one of the largest oil spills in History. As many oil rigs as there are on the Gulf of Mexico there are frequent spills. Deepwater Horizon was considered the largest…

Business Level Strategy) “Business- Level strategies are actions firms take to gain competitive advantages in a single market or industry”. (BLS, 102).ExxonMobil is one the few companies that has been able to lead the oil and gas industry through its cost leadership. Its large economies of scale makes it dominant firm in the market as well as cost leader in the industry. The powerful market position across the value chain allows the company to take advantage of the new emerging growth…

1. Introduction 1.1 Background The situation for the case study our group analysis is a Germany company in oil and gas industry named Freudenberg Group which has acquired Vector Technology Group whose products are for use in petrochemical plants, refineries, FPSOs, swivel, riser, subsea, manifold applications, and offshore oil and gas platforms and so on. The locations for Vector Technology Group includes The United State, United Kingdom. Malaysia, Brazil and Australia. In addition, it has…

Chevron Corporation History Chevron Corporation is an American multinational energy corporation. The company has businesses in more than 180 countries. Chevron Corporation's businesses are every aspect of the geothermal, oil and gas energy industries including exploration and production of energy. It is one of world's largest oil companies. The foundation of the company goes back to 1879. The company was performing under the name of Pacific Coast Oil Company back then. Despite of company's…

Egoli is a company that is involved in the oil and gas industry. Its main operations involve upstream activities. As consultants the objective of the following report is to highlight certain issues and provide solutions to which these issues can be resolved. The fields that will be discussed includes: entrepreneurship and business, business strategy, business risk and fraud and IT in businesses. The report is prioritized and may not include every issue or problem. Business and Entrepreneurship…

analyzing their strengths and weaknesses as well as analyzing outside variables such as: opportunities and threats. ExxonMobil is the strongest standing Gas and Oil Company. The corporation has grown to become one of the highest-ranking within the industry. XOM has proven to value research & development (R&D). The company takes pride in their operational management system as well as their employees. They have strengthened their name and certified their position through R&D investments to…

Unocal Oil Company of California (Unocal) was founded in 1890, and has developed into a full service oil business in 1990’s. The services include extraction, refining, distribution, marketing, and retail. In the United States most of the oil fields were almost depleted, so Unocal turned to foreign investments focusing on presenting the fact that they had expertise in all aspects of oil and gas production to the governments. “One of the international projects that attracted the company’s…