Exxon exercises unique geoscience capabilities and understanding of the global hydrocarbon endowment to identify and prioritize all quality resources in a cost-effective manner. Exxon’s strategy is a cost leadership strategy in the upstream segment by outperforming the competition—creating a comparable value at low-cost—using core competencies: industry-leading technology and capabilities, disciplined approach to investing and cost management, and operations
One of the most controversial projects for the United States to decide on was whether or not to build the Keystone pipeline. This topic forces the government to decide if economic development is worth the cost of endangering the environment. Though this pipeline will allow the United States to rely less on foreign oil, the pipeline’s lasting effects prove to be a factor that cannot be easily overlooked. The Keystone pipeline should not be built because it endangers the environment and has the ability to create catastrophic damages through pollution and habitat desecration. Pollution is a major factor that has to be considered when referring to the Keystone pipeline.
Environmental America urges citizens to reach out to the Obama Administration in saying “save our coast, no offshore drilling”. Meanwhile, smaller actions can be preformed, by holding companies personally responsible for clean up cost, which would entice them to do everything in their power to prevent future spills. Another option would be follow Federal Commissions recommendation, and undertake full environmental protection reviews at all offshore drilling locations. A lot can be accomplished to stop further risk of harming wildlife as a result of drilling. Likewise, there is a series of morally persistent reasons on why it is urgent to the health of our planet and all species that live on it.
Hydraulic Fracturing or fracking has gained a lot of media attention in recent years with a Hollywood movie, “Promise Land”, focusing on the issue. One place where fracking has come up is in New Brunswick, where there is a large shale reservoir. In New Brunswick, as in other areas of North America where fracking is possible, there is heated debate on whether the investment would be made in this industry. One perspective is that of shale gas industry which promotes fracking as a method to collect shale gas. On the other side of the debate are environmental groups, who point to the harm fracking can cause to the environment.
With the increased scale of fracking in Texas, one might wonder if the oil boom is affecting our water supply. The value of water in Texas is deeply cherished considering Texas’s dry climate and long-standing droughts. One may even wonder if Texas is valuing its water as much as it is its oil. As research furthers, we can begin to weigh the positive and negative effects of oil fracking. By providing overwhelming data on oil fracking
Along with creating new jobs, the Dakota Pipeline transports crude oil. We should continue construction of the Dakota Pipeline is to increase production of crude oil. Our country uses more crude oil than any other country. We need to bring our production of crude oil higher than our consuming rate. If we continue to use more crude oil than make it, our country will depend more and more on foreign oil when we should be relying on ourselves.
Controversy Surrounding the Keystone XL Pipeline To build or not to build, this choice will impact the relationship between the US and Canada and determine the level of dependence the US will have on countries that are not so friendly. “TransCanada’s proposed Keystone XL Pipeline would transport oil sands crude from Canada and shale oil produced in North Dakota and Montana to a market hub in Nebraska for delivery to Gulf Coast refineries. The pipeline would consist of 875 miles of 36-inch pipe with the capacity to transport 830,000 barrels per day” (Parfomak, Pirog, Luther and Vann 4). The construction of the Keystone XL Pipeline would strengthen the United States economy, provide energy security and have minimal environmental impact. “The Keystone XL project would create $1.1 trillion in private capital investment at no
For example, the Niger Delta had over 550 oil spills in 2014 and Royal Dutch Shell and ENI, two large transnational corporations, are to blame (Krause). Their ecosystem is collapsing and people are being forced to move their families and relocate. Nigeria had environmental laws in place regarding the safety of the Delta since 1978, and the catastrophic spills still occurred. These companies move to places where they know the laws are not effectively reinforced and the environment is the one that takes the
The disaster caused much damage such as wiping out ocean life as result Exxon paid billions in fines for the crisis.
Bill McKibben is considered to be America’s first environmentalist activist. His project 350.org works to spread awareness of climate change around the world. Without his push to end projects such as the Keystone Pipeline, the planet would quickly reach the uninhabitable state he fears. While it’s too late to reverse the damages already done, he encourages everyone to do their part to keep the world from getting any worse. His efforts, along with activists around the world, have successfully divested $2.6 trillion in oil drilling funds, and while the few oil companies are still hanging on by a thread with support from large private businesses or people like the Koch family, clean sources of energy are becoming increasingly popular in the
I've already noticed that Macondo Prospect was powered by BP, making BP the most interesting company for my research. However, there are other companies that have performed operations to establish this source of oil. BP has leased the Macondo well from Transocean so we can identify Transocean as the owner of the well. BP held only 65 percent of the Macondo prospectus and we can identify the Anadarko Petroleum Corporation and MOEX Offshore as the other owners, with a 25 percent and 10 percent stake in the Macondo oil
Frustrated with the abuse they face everyday, people in the region have no choice but to protest. Multinational oil companies (MNCs) and the Nigerian government respond to these protests by public executions, restrictions placed on the rights of the people and various other abuses such as rape, and the killing of innocent civilians. These various forms of human rights violations are performed with the help of Nigerian security forces hired by multinational oil companies. Despite all the countless violations and abuses by the oil companies, the region 's inhabitants are still yet to receive a proper procedure for pressing charges and seeking justice. When the Nigerian government does come up with a plan to combat these issues, the plan usually lacks a proper procedure and cannot be maintained in the long run.
In the Oil & Gas Industry the competition is significantly intensive, with the market being ruled by big giants such as Exxon Mobil, Total, ConocoPhillips, British Petroleum, Chevron and the Royal Dutch Shell etc. Appendix A shows the market values of these super majors. The market is over ruled by three different types of players. 1.
Drilling into Disaster: BP in the Gulf of Mexico Gulf of Mexico is one of the valuable place in which it has variety of marine life, such as fish, shrimp and other species The issues of incident on spill oil should be on concerned as it leads to this disaster for human being and environment. The case is discussed how BP company responses. It means how its board and management accountability, corporate responsibility, risk management, code of conduct and whistleblowing, compensation practices, and stakeholder communications react on this disaster. With regard to the disaster, BP CEO should have behaved appropriately because he should have responsibility on his job and should give his employees a better solution better than not saying anything. The problem was still there even BP change CEO to Dudley.