Word: bp
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Dates: during 2000-2009
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...companies to confront an unpleasant reality from the ground-up. The very source of KSG’s latest donation, Shell, illustrates the transformation of fossil fuel behemoths into supporters of future green energy research. Shell is by no means alone: Other giants like Exxon-Mobil and British Petroleum (BP) have also focused on research on more efficient energy sources and better policies. In fact, for several years now, BP has been cleverly marketing itself as “Beyond Petroleum...
...1960s. After waves of mergers in the U.S. and Europe, and with the growing dominance of nationally owned energy companies worldwide, the oil and gas industry is increasingly ruled by a handful of giants. Though StatoilHydro leads the world in offshore extraction, it's dwarfed by diversified behemoths like BP, Exxon-Mobil and Gazprom. How can a mid-size niche player from Norway possibly thrive in this new, hypercompetitive...
Still, a united front won't always be enough to eclipse StatoilHydro's biggest rivals. After the megamergers of the late 1990s - such as Exxon with Mobil and BP with Amoco - the Norwegian firm ranks as only the 10th largest in the world in production. StatoilHydro might churn out 1.9 million bbl per day, but that's less than half the daily output of, say, BP...
...owned by Sempra Energy, an energy utility company headquartered in San Diego. The pipeline runs for 50 miles and ties into a much larger pipeline grid heading up the East Coast. And in Hugoton, Kans., Schutt's team recently completed a job it had begun two years ago for BP. "The pipelines weren't damaged, but there wasn't enough of a force field on them," he says. Currently, Matcor's work is about 75% domestic, but it's looking to grow globally. One client is a Chilean company that distributes natural gas throughout Santiago. "They...
Shell and BP have taken bigger risks than ExxonMobil in this latter zone, with mixed results. And while the state-owned companies appear to have lots of oil, they're generally less adept at getting it out of the ground quickly than the private Western oil giants. All of which appears to mean that today's gasoline prices, unlike those of the 1980s, won't be returning to earth anytime soon...