Russian oil and gas industry is heavily regulated

Assignment Help Operation Management

Reference no: EM131681357

The Russian oil and gas industry is heavily regulated. The industry has 6 large firms. One of the larger players is TNK. Several years ago, TNK and BP formed a joint venture. The joint venture provided about 25 percent of BP’s oil production and about 40 percent of its oil reserves. Russia needed BP’s operations capability and BP gained access to Siberia. Oil extraction was easier and safer than the unsafe deep water drilling in places such as the Gulf of Mexico. In 2010, the massive oil spill occurred in the Gulf of Mexico. In January 2011, BP announced a new $16 billion strategic alliance with a second oil producer in Russia- Rosneft. At that time Rosneft was Russia’s second largest oil company. BP stayed in its joint venture with TNK and tried to enter into a venture with Rosneft. Several senior level TNK managers attempted to block this new strategic alliance with Rosneft. In March 2011, the Russian government voted not to grant this new strategic alliance. BP abided by the decision to not engage in the Rosneft strategic alliance. In September 2011, Rosneft entered into a strategic alliance with Exxon Mobil. Exxon Mobile is the largest oil and gas firm in the world.

ANSWER QUESTIONS FOR REPORT

1. DEVELOP PROBLEM STATEMENT (ONE SENTENCE ONLY)

2. IDENTIFY FACTS

3. CASE EXAMINATION (ANALYZE PROBLEMS)

4. RELEVANCE TO WORK ENVIRONMENT

5. WHAT WAS LEARNING IMPACT

Reference no: EM131681357

Questions Cloud

Health care, dental, contributions to your retirement plan : Should fringe benefits provided by your employer health care, dental, contributions to your retirement plan be counted in GDP

How do organizations like amazon manage their big data : The concepts of managing "big data" are much different than traditional application databases (those similar to the diamond broker application, for example).

Write a function that takes the choice of the user : Write a function that takes the choice of the user and makes calls to the other functions that correspond to the operation to be performed.

What percentage of the annual sales is the result : what percentage of the annual sales is the result from the top 20 % of the SKU’s?

Russian oil and gas industry is heavily regulated : The Russian oil and gas industry is heavily regulated. The industry has 6 large firms. Exxon Mobile is the largest oil and gas firm in the world.

How might a swot analysis be used by an entrepreneur : How might a SWOT analysis be used by an entrepreneur either at the pre-start-up stage or within the actual start-up of the company?

Practices of leading trust in face-to-face environment : Compare the best practices of leading trust in a face-to-face environment with those of leading in a virtual world. How do they differ?

Swot analysis on mcdonald external factors : Perform a SWOT analysis on McDonald's external factors (the opportunities and threats). Important: Do not search for or use an already-performed SWOT analysis.

Compute the total number of consonants in the sentence : Write a function that takes as input an English sentence (a string) and prints the total number of vowels and the total number of consonants in the sentence.

User Account

All Pages