Managing Change of British Petroleum

4072 words 17 pages
managing change in british petroleum

CONTENTS:

* 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
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Identified oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles (16 km) long, 3 miles (4.8 km) wide and 300 feet (91 m) thick in spots. The shallowest oil plume the group detected was at about 2,300 feet (700 m), while the deepest was near the seafloor at about 4,593 feet (1,400 m). Marine scientists from the University of South Florida had discovered a second oil plume, stretching 22 miles (35 km) from the leaking wellhead toward Mobile Bay, Alabama.
13 Jul 2010: BP to begin tests to close valves on new containment cap, amid hopes of a turning point in efforts to stop deep-sea gusher. BP oil spill: new cap 'successfully installed' on leaking well on 07-17-10 08:47 PM.

* Critical Evaluation of Potential changes that may take place in BP due to Gulf of Mexico incident

Potential changes:
- Strategic changes
CEO Tony Hayward redirected BP's strategy by setting new goals of upstream growth, downstream turnaround, and corporate simplification in 2008. Upstream growth centres on developing key project areas including the Asia Pacific region, Azerbaijan, Algeria, Angola, Trinidad, and the deep-water Gulf of Mexico. BP is focused on working closely with TNK-BP partners in its venture in Russia to support long-term growth. Downstream turnaround and corporate simplification hinge on operating changes and adoption of best

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