6.1 Legal clauses The PSC provides an elaborate mechanism for the control and supervision of of the activities relating to the exploration, discovery, development and production of crude oil/natural gas and associated hydrocarbons from the relevant field. It distributes title over the crude oil/natural gas and associated hydrocarbons between the government and each of the consortium members. The various clauses are being described below under various sub heads. 6.1.1 Rights granted by PSC The…
During Mr. Hayward’s tenure, BP had been cited by the Occupational Safety and Health Administration for 760 safety violations in its refineries. The pledge that BP would address the safety problems that created the Texas and Alaska accidents never materialized. Instead four years went by and the company’s risk taking became worse. Just a year after the BP refinery explosion in Texas City, Tex., killing 15 workers and injured hundreds more the ‘Deepwater Horizon” oil well exploded in April…
Introduction In the PetroCo Refinery Case Study, the budget coordinator is tasked with identifying potential budget cuts, among various refinery sites, to ensure the company remains competitive in the future. In order to allow each site manager the opportunity to argue their budget requirements and participate in budget cut solutions, the budget coordinator will hold a meeting to address the budget concerns. As a meeting planner, it is important to determine whether or not a meeting is the…
Refining and Marketing, Gas, Power, and Renewables (p.411). This paper will examine BP: Pipeline Maintenance and Refinery Safety case and investigate their ethical, negligence, and environmental issues related to an oil spill. Such as cost cutting, corporate culture, social responsibility, and the regulatory cycle. According to Jennings (2012) in 2005 BP had a fatal explosion at its refineries in Texas City, Texas and fifteen employees were killed and 500 other employees were injured (p.413). BP…
tremendous blast sent a 15-foot wave that was detectable nearly 100 miles off the Texas shoreline. The blast leveled nearly 1,000 buildings on land. The Grandcamp explosion destroyed the Monsanto Chemical Company plant and resulted in ignition of refineries and chemical tanks on the waterfront. Falling bales of burning twine from the ship's cargo added to the damage while the Grandcamp anchor was hurled across the city. Two sightseeing airplanes flying nearby had their wings shorn off, forcing…
chose to diversify, through backward integration, into the refining business by acquiring Trainer Refinery. Applying the framework that we discussed in the class?by subjecting this diversification to porter?s three tests?we will test if the Delta?s corporate strategy meets the standards. Attractiveness test Refining industry is an unattractive business mainly because of heavy competition (~160 refineries in the US), price-sensitive buyers, huge fixed cost, heavily regulated and highly cyclical…
dangerous living in the slump of poverty. "Kochworld" by Melissa del Bosque exposes the ugly face of the one the biggest corporate in the state of Texas. Corpus Christi refinery owned by the Koch brothers grew into a cursed land mark in the…
Exclusion criteria if the Subjects were unable to perform lung function tests or was suffering from other respiratory diseases like Known cases of chronic obstructive pulmonary diseases, malignancy and drug addicts or those who are working at the refinery. Sampling procedure: Residents who met the inclusion criteria were totally covered by house visits Data collection and data collection tools: A modified (ISAAC) questionnaire was filled by household visits. The questionnaire covered…
org/wiki/ConocoPhillips) ConocoPhillips and COMAH Foreword: The ConocoPhillips Humber Refinery is a Major Accident Hazard site as defined under the COMAH (Control of Major Accident Hazard) Regulations 1999. The Humber Refinery is one of approximately 1000 COMAH sites in UK. At the time of the incident the site was owned and operated by ConocoPhillips but changed in August 2002 following a merge with Phillips Petroleum. The Humber refinery is located in South Killing…
Delta Airlines The tragic event of 9/11 caused a crisis across many business spectrums, but one area was affected greatly; the airline industry. September 11, 2001 is a day that airline executives, employees, passengers, law enforcement, government officials, and the general public will never forget. Over 3,000 people were killed in the terrorist attack where, 19 terrorist belonging to the group al-Qaeda hijacked 4 US aircraft belonging to United and American Airlines (Timeline, 2014).…