Petroleum industry

Fossil fuels are a critical component in the functioning of our society. These resources are staples in maintaining the energized life styles that people have become used to. Fossil fuels are sources of energy derived from animal and plant remains from more than 300 million years ago (U.S. Department of Energy 2013). These remains were then coated with combinations of clay and rock called sediment (Energy Quest 2012). Sedimentary rock effectively protected the hydrocarbons in fossil fuels…

of crude oil. Causing 176 million gallons of thick black crude oil just poured, swallowing and smothering all life spreading through the ocean like butter on bread. BP also referred to by its former name British Petroleum, is one of the world's six "super…

British Petroleum (BP) is a global energy company that provides transport fuel, lubricants, petrochemicals and energy for heat and lighting and a pioneer in renewable energy among peers in oil and gas (BP 2017b). Sustainability initiatives may be traced back to 1997 as shown in figure 1 while reporting can be traced back to 1998 for which exists the earliest accessible report on BP’s website. International guidelines from the Global Reporting Initiative (GRI) G4’s core option, the United…

Through the implementation of the decree “Heroes del Chaco” by Evo Morales (2006), Petrobras was basically forced to enter a Joint Venture with the Bolivian state-owned gas company YPFB, disadvantaging the Brazilian firm. As identified by Simon (1976), rationality is bounded and omniscient decision-making is impossible. Companies therefore need to rely on the incomplete and limited information available. When entering the Bolivian market in the 1990s, there had been no signs pointing towards the…

Mexico, a country in the South America continent. In this modern world, it is considered a third world country but preferably it should be called a developing nation. This country is rich in tradition, culture, and also in its history. From all the countries in Latin America, it is the third largest country out there. Mexico is located in the border by the United States of America to the north and Belize Guatemala to the southeast. Mexico has a pretty large area of 1,964,375 sq kmsq km. it has…

control over the industry. Executives in the oil industry derive significant power from the fact that the economy relies so heavily on oil. As made evident in the circumstances leading up to the Deepwater Horizon Gulf Oil Spill in 2010, BP and other companies…

second largest revenue industry is tourism. Thus if environment pollution were to occur, as a direct result from oil spills which is associated with offshore drilling, it could damage the 100% Pure campaign which attracts a considerable amount of travelers to New Zealand from around the globe. These direct results from oil spills will then lead to a chain of negative consequences such as an increase in job loss in not only the aquaculture and tourism sector but also the petroleum and minerals…

oil has become one of the most valued consumer commodities in the last century, the oil industry has been around for thousands of years. The use of oil can be traced back all the way back to the 6th century…

1889 formerly known as British Petroleum, whose headquarters is in London, United Kingdom. This publicly integrated organization as of 2017 has a worldwide workforce of 69,900 employees. Globally, BP’s business last year generated $142,598.8 billion British pounds stemming from three main sectors, Upstream, Downstream and Rosneft. These three segments represent an exploration of gas and oil, refineries, manufacturing, markets, transports, supplies, crude oil, petroleum, jet fuel, and customers…

It is now time for us all to realize that the energy that supplies about 85% of our need such as coal, natural gas, and petroleum, is under attack. The newest attack on our energy supplies are proposals to tax carbon. A carbon tax is, “an environmental fee levied by governments on the production, distribution, or use of fossil fuels.” The amount of the tax depends on the amount of carbon dioxide each type of fossil fuel emits when it is used to run factories or power plants, provide heat and…