Mw Petroleum-Case Solution 2 Essay

Apache Corporation is one of the world largest independent energy companies in the world, and is headquartered in Houston, TX. Apache has gas exploration and production company with operations in six countries, divided into seven operating regions which are Canada, Egypt, Australia, offshore the United Kingdom in the North Sea and Argentina and also to include the United States. Apache was formed in 1954 in Minneapolis, Minnesota by Truman Anderson, Raymond Plank, and Charles Arnao.

British Petroleum has a large operation in the United States and it has made investments to ensure that it develops these operations to maximize its production and increase profits. One such investment was the acquisition of the vast oil field at Prudhoe Bay, Alaska. This acquisition represented a good increase in the percentage of oil production in the United States and ensured that the company could increase its production and further its goals and objectives for the United States market. As early as 2001 there were incidents at the facility that the company internally accounted for and management was made aware of the safety concerns that existed.

Amoco is already at the mature stage, and its current strategy is aimed at divestment (major restructuring to better focus on its core businesses) - MW properties no longer form part of such core businesses. Amoco is merely interested in selling MW for a profit, where as Apache sees it as an opportunity for growth and geographic diversification, to add further stability to the company, and to increase its reserves. Furthermore, Apache’s revenues are highly dependent on natural gas (current portfolio has an oil-gas ratio of 20-80), and with the increased volatility in natural gas prices, Apache would benefit from acquiring properties with a large concentration of non-gas assets.

By 2001, almost 50 years after its inception, Petrobras had become a fully integrated oil and gas company. Petrobras was the seventh largest publicly traded oil and gas company in the world based upon proven reserves, the largest Brazilian corporation, the third largest Latin American corporation, and the 185th largest global company, by 2001 consolidated revenues. In Brazil, Petrobras had a dominant position in both upstream and downstream activities. The company’s combined oil and gas production was 1,621 tbpd and it had proven reserves estimated at around 9.3 billion boe.5 (Exhibit 1 provides selected oil and gas data for Petrobras and other oil companies.) Most of the firm’s proven reserves were located in very deep waters (more than 400 meters) and Petrobras was the world’s pioneer in deep water oil exploration and production. Furthermore, with approximately

This article explores Chevron's recent announcement of investing USD 12 Billion in oil drilling and exploration in the Gulf of Mexico.

INTRODUCTION: (Introduction of the org - brief history and how they got to this point)

The oil and gas industry is one of, if not the, largest industries in the country currently. Companies related to this industry range from exploration to transportation to retail. There are many companies operating in the industry, but one in particular is especially interesting, and that is Cimarex Energy Co. This paper will analyze the industry and Cimarex Energy’s strategy and core competency, and give an evaluation of the findings with recommendations for the future of the company.

Exxon Mobile is one of the most successful companies in the oil and energy industries today. But what makes them so successful? In an effort to answer this question, a thorough internal investigation can be helpful in determining what aspects of this company are making it an industry leader. Two aspects of this internal analysis of Exxon Mobile are the company’s resources and capabilities.

The Deepwater Horizon is noted by Pells (2010) to have been an ultra-deepwater and dynamically positioned offshore oil drilling rig. The rig is further noted by Pells to have been built by Hyundai Heavy Industries in 2001 in South Korea and was then commissioned to start operating by R&B Falcon, a company which was later acquired by Transocean and then got leased to the global conglomerate BP plc until sometime in 2013. In 2009, the Deepwater Horizon rig drilled the very deepest oil well in our history at a vertical depth of 10,683 m as well as a measured depth of 10,685 m in the Tiber field located at Keathley Canyon block 102 some 400km southeast of Houston (TransOcean,2009)..In this paper we explore the implications of BP's strategy after the Deepwater Horizon incident in terms of the public perception as well as how this may impact upon their performance and the strategic implication of the Deepwater Horizon Accident on BP's performance

The BP Amoco group stands out as a complete provider of energy and petrochemicals. Every day they serve millions of customers with products to the quality of their lives – fuel for transport, energy for heat and light, solar power, and petrochemicals for plastics, fibres and fabrics. Explorers from Amoco and BP have led the way in finding the world’s giant oil and gas fields and getting energy to the world’s marketplace. According to Larry Fuller and Peter Sutherland, co-chairmen, the meeting the demand of energy calls for a blend of outstanding human and technical skills, sophisticated global organization and two-way relationships with local communities, customers, contractors, partners, government and employees. BP Amoco’s aim is to be successful in everything they do by

As two of the largest oil and gas firms in the world, The British Petroleum Company p.l.c. (BP) and Amoco Corporation (Amoco) had a long history of competitive encounters. This rivalry continued into the 1990s in a variety of locations ranging from the United States to the North Sea to, more recently, the Caspian Sea—a region that had opened up to exploration by Western oil companies following the breakup of the Soviet Union in 1991. In describing this rivalry, one analyst wrote:

Founded in 1953, Petrobras is Brazil’s state-controlled oil company. Petrobras is one of the global leaders in oil and gas production and employs over 80,000 people in 18 countries. Moreover, Petrobras is the world leader in terms of oil exploration and production in deep and ultradeep waters. As 90% of their reserves are located in ultra deep water, the company is known to be a pioneer in the development of technologies in this sector. The company’s portfolio has a total of 361 fields of oil and natural gas. 351 fields under concession agreements and 10 fields under assignment agreements.

Due to the availability of resource oil market, Aidan Harvey, who is the founder and current executive director of Tullow oil plc established and incorporated the company in 1985. The company has been in operation for a period of 30 years in the oil industry. It is the leading independent company in oil and gas exploration mostly operating in Africa and Atlantic Margins. The main activity has been exploring and producing light oil and it has 148 licenses in about 24 countries approximated to be in 67 fields in operations. The base assets of the company are in both onshore and offshore oil exploration and production in all the blocks they have acquired the licenses to explore and produce oil. The company has its properties in South Asia, South America, Europe and Africa, where currently Tullow is the leading oil and gas exploration and production company. Africa has been the virgin continent which has not exploited their natural resources like oil compared to the rest of the world. This is an opportunity for Tullow to maximize their expertise in the oil and gas exploration. However, due to the volatility of oil and gas price, the company have been faced with some threats and risks in exploration and production of oil and gas hence affecting the company operations in the long run.

The company’s closest competitors are Canadian Natural Resources Limited, EnCana Corporations, Talisman Energy Group Inc., and Canadian Oil Sands Limited. One of the company’s major assets is the research and development of state of the art technology to reach and unlock gas & oil deposits. They implement the use of hydraulic fracturing technology to unlock unconventional gas assets, are able to drill up to 34,000 feet deep into the Gulf of Mexico to access oil deposits below the gulf floor, and implementing gasification technology which uses steam to separate oil deposits from the sand in the northern Alberta oil sands (Nexen’s way). The company has been successful to date, however their lack of resources and capital has limited their growth and expansion, as well as the $4.3 billion debt that they currently have (Financial Post 2). This is why the

Sinopec and China National Petroleum are state-owned corporations run by the Chinese government. Saudi Aramco is likewise owned and operated by the Saudi Arabian