1) Introduction
About the organization:
Petroliam Nasional Berhad (PETRONAS) was established in 1974 and is Malaysia’s leading international petroleum corporation .It is owned by Malaysian government and it sources, produces and delivers products to meet Malaysia’s growing energy needs while playing the role of a frontrunner for its national reserves.
The Petronas group, consisting of 180 subsidiaries and spread over 50 countries, is engaged in a wide spectrum of petroleum activities that include exploration, production of oil and gas to oil refining; marketing and distribution of petro-based products; gas processing and liquefaction; gas transmission; pipeline network operations; marketing of LNG; shipping; and property investment.
Objectives:
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• Downstream oil refinery and petrochemicals: Petronas operates through four crude oil refineries with a combined capacity of 448000 barrels a day. This refined oil is marketed to south-east Asia and Africa. Petronas also plans to set up two integrated petrochemicals complexes. Petronas chemical marketing, a subsidiary of Petronas, markets the peoducts to Malaysian and foreign customers.
• Gas & power: Petronas’ gas and power is involved in processing, liquefaction, transmission, marketing and trading of LNG and gas.
• Logistics: Petronas’ shipping subsidiary, MISC Berhad undertakes Petronas’ logistics. Its primary business is ship owning, ship operating, marine conversion etc. It also provides logistical and heavy engineering services as well.
• Technology & engineering: Petronas focuses on operational excellence through better plant and health, safety and environment (HSE) performance. They also aim to develop in-house technologies for performance-enhancement of core
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• SharePoint aligns the backend with the existing MS SQL server that the company is using with the existing ERP solution
• Easy to use and interactive UI
• Have built in web parts to upload the documents and set permissions for accessing the users
• Different sites catering to different departments can be managed under a single web application
• Easy integration using web service with
Petroliam Nasional Berhad short form as PETRONAS is a type of oil and gas’s company in Malaysia that was set up on 17 August 1974. According to the Fortune, PETRONAS is one of the corporations in Global 500's largest corporations in the world and ranked as the 69th largest company in the world in 2014.
Currently headquartered in London, BP is one of the largest producers of both oil and natural gas. BP provides its customers with fuel for transportation and energy for heat and light. BP’s core business is gas exploration and production division and their main sources of production include Angola, Argentina, Australia, Azerbaijan, Egypt, Trinidad, the United Arab Emirates, the United Kingdom and the United States (BP PLC (BP) Company Profile | Reuters.com. (n.d.). Retrieved October 27, 2015.). In 2013, BP produced 628,000 barrels of oil each day in the US and was the sixth largest producer of natural gas. Each day, BP sells 50 million gallons of fuel in the US consisting of 7,500 BP branded locations located in 13 states. BP is always seeking new opportunities for advancement in technology so that their operation is safer and more efficient. The company is leading the way in in the energy industry with the world’s largest supercomputer used for commercial research, located in Houston and also the first to use drones in the United States. To further place themselves ahead in the industry, BP has invested over $160 million in 2 dozen companies for advancements in technology. BP currently has 17,000 employees and on average, donates approximately $30 million each year to community
BP is the third largest multi-national company 's energy companies. It specializes in oil; natural gas and alternative fuels, such as electricity and renewable energy. BP also and Chemicals, Marketing and refining them in the industry very competitive player. BP has changed: from the development of the local oil company into a global energy group, employing over 96,000 people and operates in more than 100 countries worldwide. BP believes that sustainable growth and corporate social responsibility has been included but it is whether CSR has actually been realized yet been established, or if it ISA
BP has also been awarded two oil and gas production sharing contracts (PSCs) by the Government of Indonesia.
British Petroleum, BP, began as the Anglo-Persian Oil Company in the beginning of the 1900’s. The founder, William D’Arcy, risked his entire fortune at the hopes that oil would be discovered in Persia. He was success on May 28, 1908. The business struggled in the early years, but ultimately found success. BP has become a global leader in the energy business. Beginning in 2000 and in the years to follow BP has focused not only on oil, but also on oil alternatives such as; solar, wind, natural gas, and biofuels (British Petroleum, 2015).
As the global population increases and developing nations seek to emulate the consumer consumption of their Western counterparts, demand for fossil fuels and alternative energy sources continues to increase apace (Tracey et al, 2011). OPEC
Aldemir Bendine the president of Petrobras has credited the company’s success to the accurate investments, like the projects in production. Some percentages that were something to mention were the 4.6% of petroleum production increase from the year before. This percentage was even more than their forecast for 2015-2019.
Petrobras’s official monopoly ended in January 2002, when the Brazilian government deregulated domestic prices for crude oil and oil products. Petrobras’s first discoveries were made onshore in the Northeast of Brazil in the 1950s and 1960s. In the mid 1980s, when the giant deepwater pools in the Campos Basin were discovered and developed, the profile of the company started to shift upstream toward exploration, development, and production.
The activities of Refining and Marketing include oil supply and trading as well as refining and marketing. Chemicals activities include petrochemicals manufacturing and marketing. In addition, the Company has a solar energy business which is one of the world's largest manufacturers of photovoltaic modules and systems.
1. Evaluate the economics of Gulf's exploration and development program in net present value terms. How do Gulf's outlay for exploration and development compare to cash returns Gulf generates from these activities.
British Petroleum (BP) is the world largest retailer of gasoline in the United States. It ranks at the top of three global oil and gas industry. From the corporate watch website (2009), it pointed out that almost 70% of the profits are gained from the US and Europe. In addition, BP is also devoted for aviation fuels and shipping aspects. It is reported that about 900 ports and more than 1400 airports have been supplied by the BP’s lubricants and fuels. Meanwhile, BP has operated on other countries such as Asia and South America in order to expand its market and explorations.
Petron Malaysia is part of the rising and rapidly evolving Asian oil company in the Philippines, Petron Corporation. Malaysia’s dynamic and effective market with the achievement of ExxonMobil’s businesses in March 2012 had attracted Petron Corporation to join them. Petron subsidiaries in Malaysia consist of Petron Malaysia Refining & Marketing Bhd (“PMRMB”), Petron Fuel International Sdn. Bhd., a public company listed on the Main Board of Bursa Malaysia Securities Berhad, and Petron Oil (M) Sdn. Bhd.
BP p.l.c. is an energy company with an upstream business of extracting crude oil and downstream business of providing processed energy to companies. It is listed in both the New York Stock Exchange (NYSE) based in the United States of America and the London Stock Exchange (LSE). BP is based in London and they carry out oil prospecting extraction and retail its product in more than 70 countries. Out of the companies operating in the oil industry, the biggest two competitor of BP is ExxonMobil and Chevron. ExxonMobil and Chevron are chosen due to their similarities to BP and they are ranked
The oil industry is one of great power that countries are invest in. Russia is one of the leading contenders in producing oil and exports the goods to various countries. With great resources comes great strength. Oil is of the utmost important to every country therefore, Russia has an upper hand in some respects. Moreover, the history behind the oil pipelines and how Russia connects to different countries allows for insight into the power they withhold politically and economically, and on the improvements that need to be made to continue growth in this industry.
Beyond Petroleum (BP) is one of the world’s largest energy industries, involved in all activities which are associated with the oil and gas industry. This includes “exploring, producing, refining, distributing and marketing of these products” to a global market (1). BP operates in around 80 countries with over 83,000 employees, producing 3.2 million barrels of oil daily and an economic value of $403.3