These are the top read articles for 2011; let us celebrate them...!!!! We hope to get yours up on this list this time next year. Thank you for your contributions and for every click; nice to see write-ups from Abimbola Shode, Tolulope Togun, Amaka Ararume and Ahmed Adamu featuring as their articles got published in the later stages of 2011. These professionals and many more have a lot of knowledge stored "upstairs" and have so much more to exchange. This Community of Practice is here to stay. Read | Learn | Discuss | Share !!!
By Feso Bright
First of a 3-part series on BP: I wrote this in 2010 in the wake of the Gulf of Mexico oil spill disaster
British Petroleum (BP) is one of the world’s biggest corporate entities in the oil and gas industry; the business prides itself as having gone beyond petroleum in its quest to fulfil world energy needs. In 2005 BP suffered an explosion at its Texas City refinery (ICIS Chemical Business, 2007) and faced a series of inquests into its risk management practices. The business claimed to have learned from that experience yet more accidents happened. Furthermore, in May 2007, the erstwhile chief executive officer (CEO) Lord Browne had to resign abruptly due to allegations of improper conduct from his former partner Jeff Chevalier (British Petroleum, 2007)- thereby raising suspicion of lax corporate governance controls.
By Feso Bright
2nd article in a 3-part series on BP.
Competitive outcomes and processesBusinesses exist for a variety of reasons; some exist as profit-making concerns while some are non-profit making or not-for-profit concerns (Needle, 2009, p. 2). The corporate culture, corporate governance, risk management practices and stakeholder relationships of BP will be driven by its corporate strategy, which in turn is influenced by the outcomes and processes desired by the management of the company.
By Feso Bright
European Gas in the World Energy MixEurope has an increasingly diverse energy mix but records a significant dependence on natural gas to meet its energy requirement with a minimum of approximately 25% of its energy supply as at 2008- shown in table 1.
Table 1: Total Europe Primary Energy Supply (KTOE): 2006 to 2008
Source: (International Energy Administration, Cited in Bright, 2009, p. 6)
It is now certain that there would be no oil block licensing round until the third quarter of this year. By implication it means the much awaited bid round for Nigerian marginal fields would also have to wait till then.
By Abimbola Shode
Hydrogen is an energy carrier which just like electricity is useful for moving in other forms to power homes or equipments. Hydrogen is derived from sources such as fossil fuels, water and biomass[1]. Although, the hydrogen gas is very plenteous in the universe, it never exists alone but is usually mixed up with other gases and it occurs in compound forms. For instance there is hydrogen in water, oil, coal, methane and all living things. In terms of energy content, hydrogen has the highest energy content by weight but the lowest by volume, this quality does not therefore make hydrogen as potent as other fossil fuels due to the need to burn more hydrogen to produce the same amount of energy.
