BRITISH PETROLEUM OIL SPILL INCIDENT

British Petroleum Oil Spill Incident

British Petroleum Oil Spill Incident

Company Information

The company selected to complete the individual project is British Petroleum. One of the major reasons to choose the company was the incident related to environmental issue which caused socio political problems for the company.

SWOT Analysis

Strengths

Dominant Market Position

Vertically integrated operations globally

Wide Geographic presence

Weaknesses

Decline in the resources of crude oil and natural gases around the world

Controversies and criticisms

Opportunities

Increased demand for refined products in the global market

Projects related to oil and gas exploration

Available opportunities in the alternative energy sector

Threats

Scarcity of Oil and natural gas resources

Instability in oil producing religions (Iraq, Middle East countries)

Regulations related to environment

Introduction

The selected company in order to complete the report is British Petroleum. British Petroleum is the third largest energy companies across the globe. Moreover, as per their revenues in the year 2011, BP was ranked fourth in the list of largest companies in the world. Operations of the company are scattered in around 80 countries worldwide. The origin of British Petroleum lies in 1901. It was then that British entrepreneur William Knox D'Arcy received a concession from the Shah of Persia to operate yet undiscovered oil.

It took a year to Anglo-Persian Oil Company, which later becomes BP Corporation, and flourished as an extremely lucrative business entity. Director of the company was D'Arcy and served that position until his death (1917).

After the outbreak of World War I, the British government took the assets of British Petroleum, the company created by the German company that wanted to promote their products in the UK, in 1917; the State Treasury sold the English-Persian company. In this way, it takes the distribution network of 520 fuel, 535 tank cars, 1102 cars, 4 barges and 650 horses. World War I missed Persia, but in any case, the British Army occupied part of the country, protecting the interests of the Anglo-Persian Oil Company. The flourishing aerospace and automotive in the 20s Twentieth century meant that the company began to grow strongly. Branches, refineries, bunkering stations were built in the British Isles, Africa, Australia and Canada. In the UK, the fuel pumps with BP badge appeared with the British flag, "Union Jack" as a symbol of patriotism. In 1921, he installed 69 pumps, and four years later, there were more than 6,000. Because in 1935, Persia was renamed Iran, changed the name of the Anglo-Iranian Oil Company.

World War II put the company faces new challenges - because the growing risks associated with the transport of crude oil from Iran to the United Kingdom, the British government asked the company BP, to intensively exploited the national oil and began a search for new ones. To such an appeal, the company increased its production at Nottingham. Production was relatively small, but significant enough to help the country survive.

The new reality faced by the BP, mean change - the company had to focus on finding new oil reserves. Many years of work carried out in Alaska were successful - in 1969 turned up ...