Essays on Drilling

Deepwater Horizon

Synopsis The Deepwater Horizon was an offshore oil rig in the Gulf of Mexico owned by Transocean, a U.S owned company that specializes in deep water drilling equipment (Ingersoll, Locke, & Reavis, 2012). The $560 million rig was operated by a crew of 126 people (Ingersoll et al., 2012) roughly 45 miles off the Louisiana coast (Mullins, 2010). On April 20, 2010, the exploratory Macondo well experienced an explosion that not only created one of the most catastrophic environmental disasters in U.S. history but killed 11 people (Barstow, Rohde & Saul, 2010). The environmental effects were devastating. It took 87 days ...

Introduction

The First Persian Gulf War was triggered in August 1990 when Iraq invaded neighbouring Kuwait for their oil reserves and ensuring their debts were cancelled. Iraq’s leader Saddam Hussein claimed that Kuwait were guilty of slant drilling and over production, of crude oil, which significantly hurt the Iraqi economy as they were reeling from the after-effects of a long war with Iran. Different historians present their own reasons for the start and the First Persian Gulf War and factors behind the involvement of the global coalition to defeat Iraq.

Findings

Geoff Simons mentions his book, Iraq: From Sumer to ...

Compensation strategy of an organization is essential in ensuring a competitive advantage over rivals. In the contemporary business world, companies face increasing pressure to offer high-quality products and services. Compensation strategy is important to employees and employers. Workers often depend on salaries, wages, as well as benefits for income provision. Compensation practices differ in various companies. Managing compensation is a primary mechanism for decisions in the job market. Proper compensation management is crucial in improving organizational performance. Most companies adopt compensation strategies that enable employees to produce high-quality work. Companies such as Baker Hughes have a strategy aligned with ...

1. Introduction Cutting cost has become a priority for many oil companies in recent years. The discussion covers the reason why oil companies are cutting cost and the means that management in oil companies are employing to cut cost. 2. Why oil companies are cutting cost? Oil companies are cutting cost in response to the radical drop in oil prices in the last two years. From 2011 to 2013, the price of crude oil was above $100 per barrel. In 2014, prices dropped to below $100 per barrel but above $90 per barrel. By 2015, crude oil price fell ...

WORD BLOG

The XYZ Company is an oilfields company that has developed unique strategies that allow it to achieve superior performance by expanding consistently and challenging organizational boundaries. However, these policies fall under the category of Red Ocean strategy that focuses mainly on existing competition in the industry (Hill, et. al, 2014, p. 5). Therefore, there is the need for the company to embrace the blue ocean strategy to expand the boundaries and the market space. Blue ocean strategy refers to the creation of an undiscovered and new market space for a company. The approach ensures that a new customer network ...

The extraction of oil and natural gas has been a major industry in the United States for many years. Originally, this fuel was used simply to heat homes. With the advancement in technology, many different types of machinery, including electrical generators at power plants, automobiles and home appliances have been designed to operate using natural gas. In recent years, it has become more difficult to find new sources of natural gas. Hence, various companies have ventured in hydraulic fracking in the hope of producing more natural gas. However, the hydraulic fracking itself brings a host of environmental and health ...

Investing in Saudi Arabia Market: Oil and Gas Services

Dissertation Proposal Rationale of the Study The rationale of the study is stipulated by the necessity to extend the analysis of the investment opportunities in Saudi Arabia market, the greatest oil, and gas supplier on the Arab Peninsula. The role of Saudi Arabia in the global economy is determined by the significant amounts of raw hydrocarbon deposits – the explored volumes of oil and gas equal to 40,3% and 22,7% of the world deposit accordingly. The experts estimate the financial assets of public and private Saudi Arabian structures in around $4 trillion. Economic and political processes taking place ...

Imperial Oil is a giant Oil and gas producing company based in Calgary, Canada. It is the second largest integrated petroleum company in Canada and has employed profitable strategies which stimulated its growth since its establishment in1880. Its operations include exploration and extraction of oil and gas, manufacture and distribution of petroleum products, production of chemicals for industrial and domestic use through innovative and sustainable technology. It has been paying dividends to its shareholders for 21 consecutive years. The success of IOL can be attributed to the efficient deployment of its resources, capitalizing on its strengths and using the ...

Introduction

Under a merger, two business entities come together and become a new business with a new name. On many cases, the mergers bring together firms, which are equal in size and stature. On the other hand, an acquisition involves a larger and more powerful company buying another business; a smaller business. The purchased business may be fully absorbed by the parent company or in some occasions, may be operated as a subsidiary. The use of mergers and acquisitions may take place during any economic environment meaning that it may take place when the companies involved are both performing well, ...

The extraction of natural gas has been a common trend in the United States. With the advancement in technology, a lot of types of machinery, cars, and other equipment have been designed, and all of them require the use of oil and gas. Hence, various companies have ventured in hydraulic fracking in the hope of producing more oil and gas. However, the hydraulic fracking itself brings environmental and health dangers.

This paper seeks to answer the following research questions:

1. What is hydraulic fracking? 2. What are the environment and health dangers of hydraulic fracking? 3. What solutions can be offered to reduce or eliminate the risks of ...

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 ...

Introductory remarks

With the depletion of crude oil deposits across the world becoming a reality with every new day, the world has been forced to start looking at alternative sources of oil. One of these unconventional sources of oil is the bitumen oil found in oil sands. Canadian oil sands have been identified as the second largest oil reserves in the world after those in Saudi Arabia. Most of these oil sands are found in the province of Alberta. These oil reserves are estimated to be an approximate 175 billion barrels of bitumen and sit across an area of 140,800 ...

Introduction

Climate change is among the significant factors impacting ecological diversity on a worldwide scale. The growth of industries and the increasing human population globally have resulted in a rise in the volume of greenhouse gasses, which scientists have argued are the greatest contributors to the menace. The Florida Keys is one of the ecological treasures of the U.S. that continues to be impacted negatively by climate change and anthropogenic activities. This ecological treasure, which is located at the tip of the state of Florida, comprises about 1,700 islands that stretch for more than 200 miles to the west ...

The paper defines fracking, describes its merits and demerits. Besides, it discusses effects of fracking on the environment. It concludes that fracking should be stopped and offers ways of stopping fracking. Fracking is a concept that denotes a method of drilling into the ground then directing a high-pressure mixture of water at the rock as well as rock formations to produce gas and oil (Lane, 2013). The mixture consists of chemicals, sand, as well as water, which is directed at a rock at some high pressure to eject gas or oil to the earth's surface. A fracking procedure can ...

Introduction

The Middle East id the motherland of all the petroleum products in the world that comes in the form of crude oil undergoes fractional distillation and hence refined in various industries to get the petroleum products. Pollution involves the interference of either the soil, air, sound or even water. Some of the causes of pollution in the region are as discussed below. 1. Air Pollution The air is affected by the emission of the exhaust fumes from the industries, facilitating the drilling of oil. (Shuval and Hassan 14) Air pollution is also facilitated by the emergence of some of ...

Ethical dilemmas are surely inevitable components of the counseling profession. Throughout their careers counselors are facing with various complicated moral choices that unconditionally need the common sense and profound reflection. Before taking any serious decisions, every counselor should take into consideration that the same ethical standard could differently manifest itself in a variety of everyday situations. Those dilemmas are aimed to test counselor’s reserve and prove that definitive resolution will surely eventuate far beyond the office door. Of course, it is very useful to have the appropriate resources, knowledge and skills while confronting any ethical dilemma. However, more ...

The films that will be examined in this paper have much in common though, at the same time they consist of different aspects in their plots and picture different characters (Hayward 67). The main issue that unites all these films is the theme of obsession. The meaning of this word in films is the same, but considering each character, it may have slightly different understanding. Each character has different aims and values and they act according to them (Parkinson 109). Nevertheless, there is one common and the most important characteristic feature in their behavior. It influences their lives and ...

Letter of Transmittal

Richard Albert Sylvester Management Consultant Lamplighters Corporation Ottawa K I P 5B5 Phone: 613-563-1509 www.lamplightres.ca The Right Honorable Justin P.J. Trudeau

Office of the Prime Minister

80 Wellington Street

Ottawa, ON K1A 0A2

RE: Project Suitability Report on the Proposed Trans Mountain Expansion Pipeline Project Dear Right Honorable Prime Minister, It is with great pleasure and honor that I submit this report on the suitability of the proposed Trans Mountain Expansion pipeline project. The Trans Mountain Expansion pipeline project proposal by Kinder Morgan aims at increasing the current capacity of the existing Trans Mountain oil pipeline. Currently, the existing infrastructure has a capacity of 300,000 barrels per ...

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 ...

1.0 History Maersk as a company was established in 1904, and it was in this year that the company was labeled Maersk Group, with the objective of offering shipping services.The company was a beginning of an idea by two people, who included Peter Maersk and his blood son, Peter Moller. Initially, being a family business, the company bought its first five tankers in 1928.Mr. Moller initiated and oversaw the global expansion of Maersk Group into the global markets, with U.S. being its first international subsidiary. Larsen& Mortensen (2011 affirms that, ‘This was followed by penetration into the United Kingdom, ...

Since the industrial revolution – an era known for the peak of coal combustion to supply the energy requirements of mechanically evolving world – humankind has been relying on fossil fuels for the majority of energy. However, although the fossil fuel production is at the point of exhaustion, the world, in general, still is experiencing energy shortages, which is almost always associated with high energy prices (Pimentel 1). Furthermore, environmentalists advocate for cleaner energy source, such as the renewable energy sources, as an alternative to fossil fuel due to the fact that the fossil fuel itself, as well as the production ...

The Gulf of Mexico experienced a huge explosion on April 20, 2010, that caused the sinking of the Deepwater Horizon oil rig killing eleven people in Transocean, an offshore oil-drilling company owned Deepwater Horizon Oil rig leased by BP (The Ocean Portal Team, 2015). The accident posed numerous environmental threats that affected marine life, businesses, and posed risks to human health.

BP’s response towards stakeholder’s concerns

Stakeholders in the oil drilling company raised many issues concerning the issue whereby BP responded positively towards these issues and concerns. Many factors led to the conclusion that BP management was much concerned about the accident. First, BP ...

Business E-Commerce Cases

Business E-Commerce Cases The main issue that was being litigated in this case was whether the NFL, the NFL Teams, and the NFLP separate legal entities were capable of engaging in a contract, combination or conspiracy as defined by Section 1 of the Sherman Act? (Cheeseman, H.R., 2013). In order to understand the issue that the case outlined in the facts how Section 1 of the Sherman Act was approached by the United States Supreme Court. The United States Supreme Court ended up holding that the NFL, the individual tams, and the NFLP were separate entities capable of engaging ...

Introduction

The issue of hydraulic fracturing, also known as “fracking” an innovation how to extract natural gas from minerals such as shale rock has become very controversial as of recently in the United States. Large sections of the United States especially in the Northeast have lots of shale rock which has caused many oil and gas companies naturally to extract the region’s resources. This over time has caused many conflicts between the oil companies, local residents as well as local, state and federal authorities. Many people question how safe of a process fracking is and what are the unknown ...

Slide 1: INTRO

Hello everyone and thank you all for coming. My name is and today I’m going to talk briefly about my project, that is a strategic analysisis of A.P. Møller Maersk.

Slide 2: AGENDA

Here is a quick agenda for my presentation and what I will focus on today as the time for this presentation is limited to 12 min, I will not cover everything by focus on some of the main parts.

Slide 3: COMPANY PROFILE

As you probably already know A.P. Møller – Mærsk A/S (“APMM A/S”) is both the main operating unit and the holding company of the A.P. Moller - ...

PERSONAL FINANCE INVESTMENT IN QATAR: INVESTING QR 1000000

Abstract This article describes a personal finance project which entails the investment of QR 1000000 in a short time frame, from 1 March to 27 May 2016. We first define personal finance and establish the five steps of a personal financial planning process, which entails: (1) assessment of the individual’s financial situation; (2) determination of the individual’s financial goals; (3) creation and details of the financial plan, based upon the determined goals; (4) execution of the aforementioned plan; (5) monitoring and reassessment of the plan. For each one of the five stages, we carry out the required ...

Global warming refers to a system of climate changes that are responsible for causing an increase in the average temperature of the lower atmosphere which affects the average thermal gradient of the Earth. Global warming may have a great variation among the causes, but it is most principally associated with human interference, specifically with the release of excessive amounts of greenhouse gases”. The most popular and common definition of the global warming is “Warming caused by human activity.” (Weather Street) There are several gases in the Earth’s atmosphere which are responsible for the increase in the global temperature ...

Introduction

Over the last one year, the global oil price has declined rapidly by approximately 50 percent. The drop in the oil prices may have largely been as a result reduced global growth prospects. Analysts argue that the rise of the U.S dollar in relation to other currencies played a significant role in the oil prices decline (Energy Information Administration, 2014). The decrease in the global oil prices has led to a significant impact on the U.S economy. In essence, the price drop has reduced the cost of living while increasing the real consumers’ incomes. The real income gain has ...

The class that was observed was a vocabulary class in which the teacher was teaching students at a first grade level different terms that were related to travel. The class began with various vocabulary pictures of terms such as: the train station, bus station, the suitcase, and the hotel, (Class Demo Simulation, 2016). The way that the teacher engaged these subject matter was that they stuck the different vocabulary words on the white board and asked the students what they thought that they were going to be learning about in the lesson, (Class Demo Stimulation, 2016). This was a ...

Introduction

Geology is part science which deals with the study of the structure of the earth. Plate tectonic, climate and evolutionary history of humans’ shows the history of the universe and this is attributed to the large amount of geological information on the various processes. Geology also plays a significant role in explaining mineral and hydrocarbon exploitation and exploration, geotechnical engineering and also the natural hazards. Things like rocks and minerals, fossils and lithology encompass geology, and they are present in different parts of the world including Rolla city. Rolla city is known for its many rocks, minerals, and fossils. ...

Abstract

Purpose: To determine the extent to which the silica levels are above the safety levels outlined by the Occupational Safety and Health Administration in areas proximal to the natural gas development sites. Background: While studies have shown that the silica levels in the hydraulic fracturing sites are very high, there is paucity of information as to how far away from the sites the silica levels in the air are dangerously high. Methods: The study will employ a longitudinal design with the data being collected over a ten-year period. The samples will be collected in a linear direction. The samples ...

Dat

Stock Research: Oneok Limited About the company Founded in the year 1906, ONEOK Inc. is a diversifed entity that is engaged in gathering, processing, storage and transportation of Natural Gas in the mid-continent areas of the United States. The company operates through natural gas gathering and processing, natural gas liquids and natural gas pipeline segment. The company is a mid-stream energy pure play company that owns 32% in Oneok Partners and thus, the effective control over the partner company and its cash The company is also one of the largest limited partnership involved with natural gas industry.

Oneok Limited is headquartered in Oklahoma and is listed on NYSE under the ticker symbol of ‘OKE’.

Alarming Financials ...

This paper will cover oil price dynamics for the period starting from 2005 until the present moment of time. Exact price dynamics will be considered as well as a variety of factors influencing the oil price through the above mentioned period of time. The chart showing the dynamics of crude oil barrel price since 2001 is presented in fig. 1. Figure 1. Dynamics of crude oil price per barrel for the period between January 1, 2001 and April 19, 2016 (Trading Economics, 2016). Before the period, which is the subject of this paper, the oil price had been nearly ...

Fracking

Fracking is method of hydraulic drilling. It is a process of drilling to the Earth’s core and extracting the gas and oil from rocks by directing high pressure water at the rocks. Gallons of water and many manmade chemicals are used for this purpose. This method is commercially used for more than 65 years. This process can be carried out vertically as well as horizontally. The horizontal technique is more often used than the vertical counterpart. This allows for the creation of new channels for releasing gas and oil as well as it can be used for extending ...

(Teacher)

Sinkholes are a problem across the globe, especially in urban areas. Sinkholes can cause damage to roads, collapse structures, and destroy property. The biggest way to prevent a sink hole is to learn what factors are included in the formation a sinkhole is, how a sinkhole forms, and wheatther or not the sinkhole was naturally formed or if humans created the situation that caused the sinkhole in the first place. While it is not possible to actually prevent natural sinkholes, there are several ways that sinkholes which are created from human activity may be prevented, or at least ...

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 ...

Introduction:

Occupational exposure to silica crystals has long been identified and recognized in most of the industries. There are various industries that involved the silica dusts, where some are highly exposed beyond the threshold limits for the substances. The problem with the occupational exposure of workers to silica crystals are often not taken seriously be employer and employee alike. Exposure to silica in the occupational environment results to health effects such as silicosis and other related diseases. People who are working with these crystals are prone to respiratory effects as well. There is a problem in the safety and health ...

Influence of Temperature and Neurotransmitters on Heart Rate in crayfish

TA for the Experiment: Introduction The cardiovascular system achieves key physiological functions in animals. Particularly, crayfish (Procambarus clarkia), also known as freshwater lobster, have been used to study physiological processes. This is because it is easier to study them in this species than in any other organism. In Crayfish, the circulatory system is open. Blood moves from the heart through the arteries and goes back through the open sinuses. Their heart is located in the cephalotorax, in front of the first abdominal segment, in the dorsal portion. Basic heart rate beat and rhythm in adult crustaceans depends on a ...

Literature Review on Fracking

Introduction The extraction of natural gas has been seen the much-needed reprieve in the face of increased energy demands globally. The natural gas present unexploited energy reserves that can be used to meet the energy deficits in the countries where there are natural gas deposits. Its extraction requires the use of advanced technologies. Fracking the main technology used in the exploitation of natural gas from the rocks beneath the earth’s surface where it is trapped. The biggest proportion of the new wells for the exploitation of natural gas (90%) utilizes hydraulic fracking as the technology of choice. While ...

According to EPA (2016), environmental management involves the development of systems aimed at reducing environmental impacts of various activities. In the Brundtland commission report (WCED), sustainable development has been described as development aimed at meeting the current needs of the present generation. However, as the current generation focuses on meeting their own needs, their activities should not compromise the capability of future generations to also meet their own needs. Available evidence suggests that the future generation would have challenges meeting their own needs if the current generation fails to adopt sustainable practices. The sustainable development incorporates the triple line: ...