Managing Change of British Petroleum

Topics: Petroleum, BP, Natural gas Pages: 14 (4084 words) Published: July 24, 2010
managing change in british petroleum


* A view of British Petroleum

* A brief description of BP incident in the Gulf of Mexico.

* Critical Evaluation of Potential changes that may take place in BP

* Evaluation the importance of change and Potential problems when implementing change

* Evaluation the effectiveness of BP strategy for managing change within the organisation

* Conclusion

* A view of British Petroleum

British Petroleum also known as BP Amoco is one of the largest petroleum industries located primarily in London.  It is regarded as one of the top four petroleum and oil petroleum firms and establishment in the global market. BP plc (British Petroleum) is an international oil and gas company. The Company operates in more than 80 countries, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products. The Company operates two segments: Exploration and Production, and Refining and Marketing. Exploration and Production’s activities cover three key areas. Upstream activities include oil and natural gas exploration, field development and production. Midstream activities include pipeline, transportation and processing activities related to its upstream activities. Marketing and trading activities include the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). Refining and Marketing’s activities include the supply and trading, refining, manufacturing, marketing and transportation of crude oil, petroleum and petrochemicals products and related services. BP ranks in the top three in terms of reserves in the global oil and gas industry with operations in Europe, the Americas, Asia, Australasia and Africa. More than 70% of profits are generated in Europe and the United States but the company is also pressing ahead with new exploration and production operations in Africa, South America, Asia and the Caspian sea. BP is the largest retailer of gasoline in the US. Marketing as AMOCO in the eastern United States and ARCO in the west, it has about 17,150 service stations nationwide. Throughout the rest of the world the company has a network of 11,850 BP branded service stations, 1,525 in the UK and products on sale in 100 countries. In the UK BP also supplies fuel to petrol stations at Safeway supermarkets. * A brief description of BP incident in the Gulf of Mexico. On April 20, 2010, a fire and explosion occurred onboard the Deepwater Horizon, a mobile offshore drilling unit owned by Transocean Ltd. and, at the time, operated for BP Exploration & Production, Inc. ("BP"). A huge explosion on BP’s Deepwater Horizon oil rig in the Gulf of Mexico killed 11 people on the night of 20 April 2010. Rescue efforts initially focused on saving the surviving 115 workers from the burning platform, about 50 miles from the coast. As the platform, collapsed into the sea, the environmental cost started to become clear as with reports of vast amounts of crude oil gushing from the broken well head.. A survivor of the blast and fire later told of how he and other rig workers were kept at sea for 40 hours after they were rescued. At the time of the explosion, Deepwater Horizon drilling Rig was drilling an exploratory well at a water depth of approximately 5,000 feet (1,500 m) in the Macon do Prospect, located in the Mississippi Canyon Block 252 of the Gulf of Mexico in the United States exclusive economic zone about 41 miles (66 km) off the Louisiana coast. Production casing was being installed and cemented by Halliburton Energy Services. * EXPLOSION:

Explosion was During March and early April, several platform workers and supervisors expressed concerns with well control. At approximately 9:45 p.m. CDT on 20 April 2010, methane gas from the well, under high pressure, shot all the way up and out of the drill column, expanded onto the...
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