Essays on Oil Industry

As much as there has been the creation of employment opportunities massively generated by the oil industry in the Middle East and North African nations, there are still significant disparities on the level of women participation in the labor force as noted by Massoud and Moghadam (53). These disparities have been attributed to various factors, but the most outstanding reasons have remained to be two-fold; first, the traditional gender paradigm characterized by patriarchy play a significant role accompanied by occupational segregation which is mainly defined by disparities in the income level. This thesis paper explores the validity of the ...

Implementing Cost Cutting in the Oil Industry

Abstract In the modern day, organizations across different industries across the globe are implementing new strategies focused towards enhancing the profitability. Cost cutting is one of the major strategies adopted by companies to enhance their profitability. In the oil and gas industry companies have been pursuing different cost cutting strategies aimed at enhancing their profitability an issue that has been of primary concern. Various strategies have been proposed towards enhancing cost cutting strategies and these include automation that facilitate a throughout system, heightened regulatory measures compliance, technical support and solutions as well as maximizing modularity and replicability. These are ...

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Abstract

The healthcare providers are focused to enhance the healthcare status in the country by means of remaining responsive towards the healthcare need of the nation. The public healthcare organizations address the healthcare need the residents at the national level by offering the effective healthcare services. The current paper has conducted the situational analysis by means of conducting PESTEL and SWOT analysis to assess the external and internal environment and it has been observed that Hamad Medical Corporation has the potential and resource to extend its healthcare services to address the wellbeing of the nation in a broader ...

Oil Prices Fluctuating In the Middle East

Introduction Oil being a commodity is subject to high levels of fluctuations as opposed to the stable investments like bonds and stocks. In particular, Organization of Petroleum Exporting Countries (OPEC) plays a significant role in influencing the prices of oil across the globe. As a result, OPEC controls around 40 percent of the global supply of oil by setting the production levels that caters for the world demand and it can determine the prices of gas and oil by reducing or raising the levels of production. At a particular point in time, OPEC vowed to maintain the prices above $ ...

An Analysis of Merger & Acquisition Strategy

Introduction There has been a major fall in the oil prices in past two years from 2014-2016. The decline in oil prices has led to a major impact on the energy sector making it difficult for energy producer companies to survive. However, despite the falling oil prices and damp prospects, there has been a major announcement of merger and acquisition that touched the $300 billion dollar mark in 2016, while the deal announcements in 2015 were in the tune of $3.2 trillion across the globe. Most of the surge in the energy sector is attributed to some of the ...

Petronas, which is short for Petroliam Nasional Berhad, is one of the most profitable companies in Malaysia. The company is ranked among the largest corporations in the world on the Fortune 500 and is one of the most profitable businesses in Asia. Petronas was established in 1974 and is Malaysia’s fully integrated oil and gas company. Unlike other some countries where private individuals run the oil and gas companies, in Malaysia, the government (sole owner of Petronas), used its power and took control of the country’s natural resources. Since its inception, the company has grown and developed ...

Executive Summary

Fossil fuels are the predominant source of energy for industrial and transportation consumption. It is however expected that in a few more decades, fossil fuels will have lesser role to play than non-conventional oil and gas sources and renewable energy sources. This paper presents an overview of some of the socioeconomic factors that are driving the global oil industry and their implications for the UK industry. Four key influences are studied to understand the implications for the industry in terms of economic and environmental factors. The steady influence of OPEC is a significant factor in the pricing of crude ...

Abstract

The current discussion is aimed at the dissection of ethics, corporate social responsibility and sustainability of British Petroleum (BP) by taking the case of Gulf of Mexico Oil Spill in to consideration. By commencing the discussion with an overview of the externalities present in the oil industry, the pressures on oil companies are examined which is further evaluated through the application of stakeholder theory and the theory of utilitarianism. In the case of BP, it is revealed that the resort to CSR was primarily a reactive measure to correct its tainted brand image and save it from reputational risks. ...

Oil is one of the rare mineral commodities that sustain livelihoods, transportation and industrial processes across the world as one of the major sources of global energy. It is mainly produced by countries located astride ocean floors and also desserts, mostly Arab states in Africa, Asia, and some parts of Europe and Americas. In its crude form as a naturally occurring substance, it is found embedded in particular rocks on beneath the earth’s crust. It is from these crude oil that more refined petroleum products such as gas oil, naphtha, gasoline, kerosene, liquefied petroleum gas and petrol are ...

Introduction

On the 11th of May, Nigeria topped the BBC news headlines with the headline that Nigeria had decided to raise the petrol prices in order to ease the shortages in the country. For an economist, this kind of a news headline is bound to trigger your thoughts as to why this particular nation had decided to increase the prices having in mind the fact that the country is Africa’s largest producer of oil and also it has a fair share of the international oil market. The country’s legislative arm stated that it had found it wise to ...

Ethical oil: Choose your poison

Oil from both the Canadian sand fields and from the Middle East is tainted one way or another. Oil from the Middle East is tainted in the essence that not only do these countries have poor human right standards, also some are known to be outright supporters of terrorist activities. Oil from the Canadian sand fields on the hand pollutes the environment and changes the ecosystem hence making climate change a reality in addition to destroying livelihoods that are dependent on the environment. From an ethical standpoint, these two are both unethical. As far as consumers are concerned, oil ...

The western intervention into the Middle East is one that has been seen to cause an unending debate of whether the move is of great help to the region or a source of problems. Many will agree with the statement that western intervention, or westernization for that manner, though showing countless evidences of force and spite, has in its process brought many positive changes and been hugely beneficial in a manner that without it, the Middle East would never have been where it is today. However, there are many who still have the belief that the countries would have ...

International Financial Management Assessment

International Financial Management Assessment

International Monetary Fund (IMF) is an international financial organization that works closely with member countries to foster global monetary cooperation, facilitate international trade, secure financial stability, reduce poverty and promote high employment and stable economic growths. Together with the World Bank, IMF was formed in 1944 during the Bretton Woods Conference, though it formally came into existence in 1945. The organization is headquartered in Washington DC. Member countries contribute funds to the IMF’s financial pool, and any country that experiences difficulties in its balance of payment can borrow the money (Conway 2006). Macroeconomic stabilization ...

British Petroleum is a company that operates in a high risk industry with many factors having an impact on the revenues. A drop of the prices on the oil market can lead to significant financial losses that will result in the cut of dividends paid out to the shareholders. BP Oil Company is known for its strategy of having dividends paid out to the shareholders on a constant and regular basis as a top priority of the corporation, but current events in the oil industry have had an influence on some managerial decisions. According to the article published in ...

Succession planning refers to the on-going process of systematic identification, assessment, and development of skills as well as talent to assure leadership stability and continuity for all strategic position in an organization (Mandi, 2008). According to Mandi (2008) succession planning refers to the definition of organization’s future course in relation to leadership talent and skills.

Need of Succession Planning

In most of the cases, succession planning focuses on the three key factors. First of all, it covers the needs of a company as senior management of that company ages. It is due to the fact that it is difficult for a specific ...

Abstract

This paper seeks to examine and analyze Russia’s connectedness to the global economy. It does so by exploring how oil prices affect social, political and economic outcomes. The argument is that specialization in the single industry of oil and gas has made it possible for individuals to embrace corruption and cheating. The research uses literature from the Economist and the BBC in exploring Russian integration into the global economy. It denotes that low oil prices have adversely affected Russia’s position as a powerful emerging market economy. Low prices also force the Russian government on military adventures and ...

Introduction

Since the mid XX century, the oil industry occupies a leading position in the global energy sector. A prerequisite for the implementation of large-scale long-term investments in the oil industry under the condition of a favorable outlook for oil demand in the world market is the availability of relevant geological reserves of oil in a particular region and the world at large. OPEC-countries account for over 40% of world oil production. Especially, the Middle East, particularly the Gulf basin, where there are the largest oil fields in the world, is rich for oil reserves (OPEC, 2015). Oil is extracted ...

Brief Summary:

The three videos provided carry the unifying theme of boasting the environmentally-friendly and sustainability benefits of their efficient production methods. TOTO boasts their commitment and focus on sustainable manufacturing of their products as well as their carbon neutral program partnership with UPS. Ford also highlights their commitment to sustainability and green initiatives by outlining their company’s efforts to improve all aspects of their operations – green product, manufacturing and people. Lastly, the Goldman Sachs Oil Outlook highlights the positive effects resultant from the increasingly efficient oil market and outlines how this will develop throughout 2016. All three videos include ...

Introduction

Following the drops witnessed with the overall prices within the oil industry, it has been recorded that majority of the dependent industries have been reported devaluation in both their asset bases and their stock items. This is the suggestion of the Bushee and Miller (2013) on presenting the oil industry as one industry that is heavily depended upon by a majority of the sectors within commerce and industrialization. Suggestively, this is true based on the use of oil within the manufacturing sector, the energy and allied sectors, the transport sectors, and production industries. With this highlighted, the effect of ...

History of the UK Oil & Gas Industry

It was in the year 1975 that Hamilton Brothers, a small entrepreneurial entity of the United States, which was working in the Argyle field, succeeded in bringing British oil ashore for the first time, and this was almost immediately followed by the BP excavation that resulted in huge quantities of oil being discovered in the Forties field.

Progress made by the industry since the 1970s

Oil discovery in the North, grew leaps and bounds as several other companies from other nations like the EU, United States and many other domestic UK firms leased out many sectors of the North Sea for excavating oil. Slightly around the late ...

Introduction

The recent trends have had a major impact on the UK (United Kingdom) petroleum retail market. The trend impact has been on the number of petrol filling stations (PFS). The UK Petroleum Industry has undergone major changes since 1970. The changes impacted a decline of PFS with a closure of more than seventy-five percent of PFS and a further decline of twenty-nine percent in 2011 although there has been some reduction in the decline in last five years (Study of the UK Petroleum Retail Market., 2012). Independent dealers had a lot of pressure from the hypermarkets, and this has ...

Critically discuss the implications of recent trends and changes within the supply chain of the UK petroleum retail market.

Critically discuss the implications of recent trends and changes within the supply chain of the UK Petroleum retail market. Introduction The United Kingdom incorporates four separate legal systems within its entity that are Wales, England, Northern Ireland and Scotland . In order to maintain uniformity in laws pertaining to the ownership of natural fuel such as Petroleum, the 1937 Petroleum Act was passed, which established that all such resources fall under the control of the British Crown. The petroleum distribution system in the United Kingdom resembles the system that is prevalent in the United States of America, that is, a ...

Tourism's market shares have massively grown in the last few years. People are more into to the world exploration and leisure traveling. The new trends and patterns in tourism are mainly in entertainment and shopping. Tourism became the most profitable market trend after oil industry. The growth of tourism in the last century can arguably be viewed as one of the most groundbreaking economic and social phenomena, increasing the number of tourists from 25 million to 808 million in the last 50 years (Dixit, Belwal & Singh, n.d.). Consequently, the tourism sector has become one of the largest industries in ...

Crude Oil Prices: Market Supply and Market Demand

Abstract The primary purpose of this paper is to understand how supply and demand factors contribute to a consistent decline in crude oil prices across the globe. Furthermore, the paper seeks to understand the impact resulting from the fall in the U.S and the global economy and implications of the same. In the introduction, the paper starts by acknowledging the importance of crude oil to the world economy and the fact that it is an ordinary commodity whose price is influenced by the market forces. Oil prices are renowned for their instability in the market, an aspect that is ...

Introduction and context

The oil industry and its pricing are an important subject in the international finance. The oil is the most important commodity in the world economy. Oil took an economic and geopolitics importance after the World War II in the 1945 and the Gold Standard elimination from the United States of America in 1971. The oil and its price in the United States Dollar are the bases of the world economy. Currently, the oil is its lower value from 2003 when the oil barrel has a value of 20-25 USD. The oil barrel achieves the highest value of history in ...

Introduction

OPEC, or the Organization of the Petroleum Exporting Countries, is an organization that was formed by Saudi Arabia for the purposes of creating a global body for the general oversight of the oil industry. Prior to the formation of OPEC in 1960, the global oil market was much less fully integrated, and countries that produced oil were able to largely behave in their own self-interest without concern for the other countries of the world. Because there are only thirteen countries that are responsible for approximately 40% of the world’s oil production, cooperation between these countries became important as ...

THE KEY CONCEPTS IN ECONOMICS.

The article discusses the economics behind the recent shocking slump in Oil prices in the U.S and worldwide. Investments have been mentioned on the industry that used to record massive profits in the past few years as investments enabled massive production and exploration activities. Supply and demand forces have been heavily attributed to the impacts that currently affect the oil industry. Market equilibrium has fluctuated over recent times with economic experts attributing this to the increase of production markets of oil. As indicated Investments have formed a major basis as to the reason for the rapid changes in the ...

1. The article "Oil Supply-Demand Imbalance Will Dissipate Painfully Slowly" was produced by Gaurav Sharma and published in the Forbes Magazine in August, 2015. The article seeks to explain the current supply-demand disequilibrium in the oil market analyze the causes of such significant imbalances. The first key point discussed in this article is the tremendous oil price downturn which took place in the past year. The author suggests that despite the general and global turmoil in the commodities sphere and considerable price fluctuation in the majority of other markets, particularly in the industrial metals and precious metals markets, disequilibrium ...

In the earlier years, Russia was one of the countries with the richest economies. The most valuable resource in the country is energy, which contains almost 30% of the world's natural resources. The worth of this energy is estimated to be around $75.7 trillion. Additionally, the country has an abundance of oil, various precious metals and natural gas, which contribute a greater percentage of the country’s exports. In 2012, the revenue collected from the oil and gas sector contributed 16% of the GDP and over 70% of the country's exports2. However, the Russian economy has faced a rapid ...

Executive Summary

The purpose of the paper is to describe UPS’s abilities to expand international market, namely Indian. UPS is an international company, which generates a profit of tens of billions of US dollars, known in more than 200 countries around the world. In addition to the delivery of goods and documents, UPS also provides other transport, logistics services, and services in the field of e-commerce. Established in 1907, it has developed from a small business into a fairly solid company with a reputation. UPS’s international expansion began after the recognition by FAA of its own airline in 1988. ...

Abstract

Crude oil has been refined to make such fuels as diesel and petrol as well as industrial chemicals and lubricants. Transport activity, as a core element of economic development and a precondition of human welfare, is increasing across the globe with the growth of economies. Transport predominantly relies on such fossil resource as petroleum. The literature relevant for this study can be divided into two parts or strands: one that focuses on the demand side and another one that gives analysis to the oil market by focusing on the supply side. This paper absorbs the ideas of both strands ...

I. Background The Explorer IV rig is one of three oil exploration facilities owned and operated by a large U.S. drilling company (Ciulla 221). The rig's structure and design is marked by notable segregation between U.S. expats and local Angolan workers as evidenced in galley size, dormitory privacy and, not least, hierarchical arrangement (by assigning expats to higher levels and local workers to lower ones) (Ciulla 221). Logistically and medically, U.S. expats and local Angolan workers receive different attention: where U.S. expats are moved by helicopter and are rushed to a British R.N. medical service, local Angolan workers spend ...

Abstract

The historic incident of the U.S attack on the Iraqi Ba’arthist troops headed by Saddam Hussein on 1991 and the annexation of the country in 2003 have generated different debates on the actual intention of the stakeholders. Critics in favor of America’s action opine that these incidents were actually moral projects undertaken by America in order to release the Iraqi civilians from the claustrophobic ambiance prevailing in the country because of the dictatorship of Saddam Hussein. These critics believe that America took over the ethical duty to organize the law and order of Iraq and establish a democratic ...

Akpabio, E., and Akpan, N., 2010. Governance and oil politics in Nigeria’s Niger Delta: The question of distributive equity. Journal of Human Ecology, 30(2), pp.111-121. Frynas, J., 2000. Oil in Nigeria: Conflict and litigation between oil companies and village communities. Germany: Lit Verlag Munster. Omeje, K., 2005. Oil conflict in Nigeria: Contending issues and perspectives of the local Niger Delta people. New Political Economy, 10(3), pp.321-334.

The Nigerian political economy is seriously damaged by the rift between international oil companies with large-scale operations in the Niger ...

What is Resource Rent?

The aspect of resource rent has been trending in the recent past and can be observed from diverse perspectives. Economically, the term rent refers to the residual value that remains after all the expenses are accounted for, and results obtained. Ideally, economic rent is often used to refer to the surplus value but when natural resources such as valuable minerals and coastal space are involved then it is known as resource rent. Historically, the process of identifying, measuring and collecting resource rent is very complicated and do not involve straightforward process (Thampapillai, D. J., Hansen & Bolat 2014). The collection ...

Employee engagement is a commitment and trust that an employee has towards the company and its mission and values. Engagement of an employee towards his organisation is very important, not only for him but also for the employee. Employee engagement research highlights the engagement levels of employees in a specific company or industry, duration of engagement, consistency, and influence of supervisors and seniors in the engagement process.

Speaking from a perspective of an Oil industry from where I come, engagement research must start by measuring the nature of job of an employee. Engagement level varies as per the job description in Oil ...

Chevron Petroleum is a multinational energy company headquartered in California, USA. Chevron ranks among the six top most oil companies in the world. The corporation is actively operating in about 180 countries. The company is engaged in the various aspects of energy production; these aspects include geothermal, oil, and gas. The company undertakes power generation, exploration, refining, production, chemicals manufacture, transport and marketing.

Chevron is considered the third-largest oil producer in Nigeria and it is one of the largest private investors in Nigeria. The corporation operates as a joint venture with the Nigerian National Petroleum Corporation. This venture operates in the ...

Oil and natural gas plays an important role in defining the political and socio economic status of Saudi Arabia, with the country taking the leading position as the leading producer and distributor of oil and other petroleum products in the world. Since the discovery of crude oil in Eastern part of Saudi Arabia in 1938 by the Standard Oil of California (SoCal), the economic status of the country changed tremendously as the source of government revenue was shifted from the levies collected from the pilgrimage to mecca, to mass exports of oil. The need to have a majority share and ...

Introduction

For numerous decades, oil has been an important source of the commercial energy throughout the world. The oil industry has always been a vitally crucial industry due to its contribution to the global economy. For this reason, oil is in high demand at all times. Just like the other commodities, the price of oil is determined by the market forces of supply and demand. The oil price fluctuations greatly affect the national economies differently. For instance, while the net exporters of oil suffer economically when the prices decline, the economies of the net importers benefit. Consequently, as one of the ...

Logistics Planning Paper for Olive Oil 2

Abstract This work consists of: 15 sheets, 7 parts, a list of references, 6 figures. In my work I suggest a company which deals with the ocean freight activity. My company will transfer olive oil from Spain to the USA. I will explain why I have chosen Spain as a country of olive oil origin. Moreover, I will pay detailed attention not only on the selected counties but also on the ports involved in the work. The activity and the strategy of the company were discussed in details. Also the appeal of the company to clients was touched upon. This ...

GCC, Oil and the Life in the Gulf

The Middle East can be considered one of the most diverse regions in the world due to its rich culture and history that enabled the region to preserve its heritage even in the modern world. Aside from this diversity, the region is also quite known for being the largest oil producer in the globe. Each country in the Middle East is said to possess significant oil reserves, causing many to believe that due to the high demand of oil around the globe, the region is thriving economically. However, while it is true that oil is abundant in the Middle ...

Schlumberger Limited

Problem Solving Schlumberger Limited Schlumberger Limited is an American Company that operates in the oil industry. The company is the world's biggest oilfield services company that is present in over 85 countries across the globe. The company has principle offices in the United States, France, the United Kingdom, and Netherlands to coordinate its global operations. Schlumberger limited was started in 1926 by two French brothers who initially dealt with electrical related operations. However, the company has since diversified and has many interests in oil industry services whereby it mainly deals with seismic acquisition and processing, well ...

CITIZENSHIP FOR ELEMENTARY SCHOOL

Applied Research Project (Proposal Defense)

Introduction

Developing countries of the world today are facing unprecedented challenges in attaining sustainable development. Many developing countries are plagued by issues such as poverty, population growth, terrorism, dearth of qualified teaching staff, and territorial conflicts. To find a solution to this, many economists have devised various strategies both at the macroeconomic and microeconomic levels. Many people around the world will tell you that fossil fuel is Saudi Arabia’s greatest natural resource, but they are wrong because the children are the greatest resource. An excellent education of Saudi Arabian children is the key to ...

War in Iraq, is one of the controversial events in history of American wars. It takes two to tango, and this is the case of the war in Iraq. For a war to start there should be some driving forces or effects. The justification for the Iraq invasion remains quite unclear despite the prior consequences that came with the war. The invasion was suggested to have begun following the 9/11 attack of World Trade Center and Pentagon in 2001. Americans attacked Iraq in 2003 and toppled Saddam’s dictatorship, and seven years later the war came to end (Mahnken and ...

Introduction

The filmmaker of this film used the story of Emir to bring out the various energy agents and analysts involved in the oil business and petroleum politics. The energy analyst attended a party with the rich operators of the oil business. The aspects relating to high shareholders of oil in this film are well brought out in the party that Emir attended. The filmmaker used the death of Woodman helps to bring out the impact of the business meeting and the amount of money they own in the oil company. The economic advisors in relation to the oil companies are ...

The size of energy or oil industry worldwide is large. A report of DOE (Department of Energy) indicates that fossil fuels (entailing oil, natural gas, and coal) constitute over 85 percent of the consumed energy in the world (Johnston 3). Oil industry alone supplies approximately 40 percent of the world’s energy needs (Puckette, Jim, and Zuhair Al-Shaieb 11).

The global capital expenditures for oil firms are approximated to be US$541.0b (Puckette, Jim, and Zuhair Al-Shaieb 12). The strong expansion within the exploration spending as well as development spending was offset by reductions or declines within property acquisition costs. ...

An Analysis of the Formulation of California Senate Bill 4

Chapter IV: Findings Introduction The research had the ambitious goal of identifying the political process that took for the passing of SB 4. The subject was especially interesting because hydraulic fracturing (fracking) has taken place in California for several decades. In this chapter, data collected about the drilling style in California was presented with an effort to include the variety of data available from viewpoints of different stakeholders and their support or lack of support for the duration of the legislative process. Fracking is a national as well as a state political issue. Both external and internal factors impacted ...

Management

Surf Shop Comparison The Hilo Hattie and Ron Jon Surf Shop are two companies who are famous for their garments and foot wears in the United States of America. The main similarity between the Ron Jon Surf Shop and Hilo Hattie is that the both companies are performing their businesses in the same market sector. Moreover, both companies are famous for their quality brands and their customers are satisfied with their products. However, there is one main difference between the Ron Jon Surf Shop and Hilo Hattie is that the Ron Jon Surf Shop is trying to extend ...

Introduction

“Demand for palm oil has further increased in recent years as many developed economies are shifting away from the use of trans fats, to healthier alternatives.”—World Growth (2011, p. 6), The Economic Benefit of Palm Oil to Indonesia The demand for palm oil was significantly high before recent research studies that confirm the fact that trans fats and hydrogenated fats impact negatively on one's health by causing diseases influenced by inflammation. However, after the revelation of the findings of these research studies, leading producers of palm oil, such as Indonesia and Malaysia, felt the need to increase ...

Apart from the common marine spills, the oil spills may also occur on land. Oil spills may be due to let-off of petroleum products from tankers, and offshore platforms spill of already refined products such as petrol, kerosene, and by-products. Heavy products used by large ships include airplane fuels, the spill of any oily refuse and the waste oil. These oil spills are common in most parts of the world such as Kuwait, United States, Kern County, California, Iraq, Persian Gulf, and the Gulf of Mexico. Other places are Trinidad and Tobago, Uzbekistan, Iran, parts of Africa such as ...

Saudi Arabia, with its huge oil reserves is the main state of the Organization of Petroleum Exporting Countries. From 1992 to 2009 it was ranked first in the world in oil production and exports. Exports of crude oil account for 95% of exports and 75% of the country's income, making it possible to maintain the welfare of the state (International Monetary Fund, 2014). Foreign exchange earnings from oil reached $ 45 billion US dollars, or about 85% of export earnings in 2013. High oil revenues contribute to accelerated industrial development in the framework of five-year plans. The growth of ...

Palm oil trees originated in West Africa and were brought into South East Asia in the twentieth century . Around 250, 000 tonnes of palm oil were then exported annually from South East Asia and the number has now increased to 60,000,000 tonnes. At the very beginning, palm oil was used in candles and as a lubricant for machinery. After the discovery of hydrogenation process in Europe, the demand for palm oil increased and after the World War II, it was utilized in many western food products. Palm oil is the most commonly used oil in the world. It ...

Abstract

Fuelled by the protests that marred the 1979 Iranian Revolution, the 1979 Energy Crisis was caused a decline in oil production in Iran. The attack Iran by Iraq under the leadership of Saddam Hussein worsened the situation. Attack of Iran by Iraq almost brought to a halt oil production in Iran. The attack also causes a severe reduction in oil supply by Iraq. The 1979 Energy Crisis had a colossal impact on both the oil producing and oil consuming states. Nonetheless, the oil-consuming states such as the United States were more affected. The reaction of the populations affected by the crisis were characterized ...

SINOPEC

Introduction: Established in the July of 1998, Sinopec Group stands for China Petrochemical Corporation. It is a large petroleum and petrochemical enterprise group based in China. Former China Petrochemical Corporation was the founding basis for the Company. The Group has the controlling share of the State which makes it a state-authorized investment organization. The headquarters of the Sinopec Group is located in Beijing and the President is taken as the legal representative of the enterprise. The total registered capital of the group is 130.6 billion Yuan (English.sinopec.com, 2014). Sinopec Group has a number of subsidiaries, shares holding Companies and controlled ...

Saudi Aramco is among the largest companies producing oil in the world, with operations in oil and gas fields, with Ghawar oil field being its largest oil field. Headquartered in Dahran, East of the Arabian Peninsula. The company’s heart is in oil production, end employing a significant number in terms of workforce, among some of its employees being engineers, mining professionals, and geologists. The company has had a distinguishing factor that has propelled it in terms of research, on establishing better ways of exploring its oil and gas reserves, with the operations being streamlined by an operational, well monitored computer ...

Executive Summary

The oil industry is one of the most dynamic and robust sectors that contribute to the economic growth of a country. Due to the lucrative nature of the oil industries’ production performance, oil producing organizations have continued to attract a wide array of personnel. Employers have the obligation to provide remunerations that are commensurate with the demands of the job. Since oil industries have been identified to be one of the most hazardous, risks have to be assessed, managed, and appropriately controlled. One of the largest and most productive oil organizations in the world is Saudi Arabian Oil Company (ARAMCO). ...

Introduction

This research implies that there exists an interrelation of oil in both the concepts of maps and sense of place. The research utilizes the case wherein maps are used as marketing tools for oil industry that greatly affects both the concept of maps and our ‘sense of place’. During the latter years of 1920s, oil companies utilized road maps as their foremost marketing strategy and offer maps freely to customers. They employed cartography widely as a tool for advertisement. An approximated yearly production of roadmaps of around seventy million was reported by a Rand McNally executive in 1934. Moreover, the ...

Different cultural population that includes Muslims, Christians and the Jews inhabited the Palestinians land. Muslims were approximately 86%; Christians were 10% and Jews were 4% in the population. These communities had lived in peace for a long period until the rise of Zionism. In 1800s, a European group decided to colonize this land with the objective of creating a Jewish community. Increased Jewish migration from Europe to the Palestinian land increased when Hitler rose into power. Zionist increased migration to Palestine raised alarm to the indigenous population of Palestinians an event that led to conflict and genesis of war between the Jews ...

Modern day Iraq is home to some of the largest oil deposits in the world. This fact has prompted many western nations to develop an interest in it and exploit these oil deposits. It happens that the economy of this country solely depends on its oil deposits. After the Second World War the Iraq Petroleum Company was dominated by the British up until 1958. And in 1972 the oil was nationalized something that sparked the interests of other nations like France and the Soviet Union. The US also had its interests and some of the greatest businessmen like J. ...

Saudi Arabia Economic Issue

Oil Sector and its Challenges Saudi Arabia’s economy is oil driven where the oil revenues account for 45% of the gross domestic product and 90% of the export earnings (Ashwin, 2012). The nation is a major exporter of oil in the world market and thus in the past have experienced a big influence as a world player in the oil market (Ahmad, 2012). Its influence in the world market is sponsored by several factors such as a long-standing and complex oil industry, a very strong financial position, a wide and high-quality petroleum base in addition to strong geopolitical relationships. Its oil reserves have an approximate ...