Large British Business Engineering Company: British Petrolium

2522 words - 10 pages

ProfileBP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Our main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. We have a growing activity in gas and power and in solar power generation. BP has well-established operations in Europe, North and South America, Australasia and Africa.The birth of BPBP's origins go back to May 1901, when a wealthy Englishman, William Knox D'Arcy, obtained a concession from the Shah of Persia to explore for and exploit the oil resources of the country, excluding the five northern provinces which bordered Russia. Having been granted the concession, D'Arcy employed an engineer, George Reynolds, to undertake the task of exploring for oil in Persia. Severe weather, difficult terrain, the absence of a developed infrastructure, the shortage of skilled local labour and the problems of dealing with neighbouring tribes in the absence of a strong central government -- all conspired to make Reynolds' pioneering task an exceptionally arduous one. Years passed without oil being discovered in commercial quantities, despite Reynolds' persistence.Meanwhile, the costs mounted, stretching D'Arcy's resources to the point where he sought outside financial assistance. This came in 1905 from the Burmah Oil Company, which provided new funds for his venture.More exploration in Persia followed without success, until eventually, in May 1908, Reynolds and his helpers struck oil in commercial quantities at Masjid-i-Suleiman in southwest Persia. It was the first commercial oil discovery in the Middle East, signalling the emergence of that region as an oil producing area.After the discovery had been made, the Anglo-Persian Oil Company (as BP was first known) was formed in 1909 to develop the oilfield and work the concession. At the time of Anglo-Persian's formation, 97% of its ordinary shares were owned by the Burmah Oil Company. The rest were owned by Lord Strathcona, the company's first chairman.Early yearsAlthough D'Arcy was appointed a director and remained on the board until his death in 1917, he was not to play a major part in the new company's affairs. His role as the initial risk-taking investor was past and the daunting task of developing the oil discovery into a commercial enterprise shifted to others, amongst whom one stands out: Charles (later Sir Charles, then Lord) Greenway. Greenway was one of Anglo-Persian's founder-directors, becoming managing director in 1910 and chairman, after Strathcona, in 1914.The government interest (Economic & Political Factors)Greenway, anxious to avoid falling under the domination of Royal Dutch-Shell, also turned to another potential source of revenue and capital: the British government. The basis of an agreement to mutual advantage lay in Greenway's desire to find new capital and an outlet for Anglo-Persian's fuel oil; and, on...

Find Another Essay On Large British Business Engineering company: British Petrolium

Business Process Re-engineering at Lanka Sugar Company

2824 words - 11 pages ., 2014. Assistan Accountant Small Holding Lanka Sugar Company Sevanagala [Interview] (17 01 2014). Relational, 2013. Driving performance through effective business process reengineering. [Online] Available at: http://www.relational.gr/services/systems-services/business-process-re-engineering/ [Accessed 20 01 2014]. Sevanagala Sugar Industry Annual Report, 2012. Annual Report , s.l.: Sevanagala Sugar Industry. The Management and Development Center

Country report of UK and petroleum industry

6839 words - 27 pages company who has invested in UK and now they are British subsidiaries to their parent company.The over all structure of UK's oil and petroleum manufacturer is divided in regional strategic business units with over all corporate governance. Most of the company has similar structure in oil and petroleum business depending upon the extension of value chain.There is a cutthroat competition to achieve low cost of oil extraction and refining. The quality

British Airways Case Study

3464 words - 14 pages carrier placed large orders for its next, marking the replacement of its long-haul fleet starting order 12 Airbus A380 and 24 Boeing 787 Dreamliners. The airline's fleet is the core of long-haul Boeing 747-400, is a typical example of 57, British Airways is the world's largest operator type. However, even it is a stander of management company, in the past period it had a lot of problems. During 1970s to 1980s, British Airways suffers a huge disaster

For Queen and Country

1242 words - 5 pages When most people think of the British East India Company, they think of tea, but the English trading group was so much more. The state-backed company used game-changing policies in their business with India and other countries that interacted with Great Britain. While the Company was wildly successful in many of those ventures, they were also involved in many important political events of their time. The British East India Company’s innovative

The Impact of the British Empire in India

1689 words - 7 pages For better or for worse, Britain has had a lasting effect on India. India became a part of the British Empire in the 1876 but gained its independence in 1947. The East India Trading Company first managed India. After the failure of the first voyage to India by William Hawkins, it appeared that business could not be conducted there. However, things improved and the East India Trading Company expanded into India. Over the years, many

What drove England to colonize India, in the 19th century ?

1513 words - 6 pages Lord Palmerston, British prime minister, said in the 1820's "A barren island with hardly a house upon it."(Encarta 2007) referring to foreign lands. Indeed, the British believed the outside world, was "barren" and undeveloped, needing considerable help from a considerably superior European power. The British India Company, whose charter was granted by Queen Elizabeth I, was a group of merchants with great ambitions who settled in India in 1601

BA History

792 words - 3 pages When and where the company was foundedBritish Airways was founded as Aircraft Transport and Travel. After World War I, the company launched its first daily international scheduled air service between London and Paris. Following a UK government review in 1939, British Airways and its competitor, Imperial Airways, were nationalized to form British Overseas Airways (BOAC). BOAC carried on operating long haul services, whereas continental European

Analysis of British Airways

3299 words - 13 pages with employees, enabling them to internalise the vision of the company. Given intense competition in the industry and continuous changes in regulations from the EU and international regulatory bodies, British Airways needs to introduce cost-effective methods of complying with regulatory standards. The firm should also avoid illegal practices that can harm its corporate image. 1. British Airways: Overview British Airways commenced business in

This paper covers the effects of imperialism on India

965 words - 4 pages with the British conquest of India. The British Empire in south Asia and Southeast Asia grew out of the mercantile activities of the English East Indian Company, which was a monopoly on English trade with India (Bentley 940).With the permission of The Mughal emperors The East Indian Company built posts on the coastlines. After the death of Emperor Aurangzeb in 1707 the Mughal Empire entered a period of decline. The Europeans used this moment of

Engineering

2499 words - 10 pages Engineering can be defined as ?the putting together of things.?(Internet source, ?What is engineering??) This definition has summarized a profession that dates back to ancient times. Many things have been accomplished by early engineers. The great pyramids in Egypt for example are an engineering marvel still today. The massive structures look simple but they took great skill to construct. The complex ventilation systems and rooms took brilliant

Change and Modernization: The Industrial Revolution (an anthropologists point of view)

2354 words - 9 pages the iron and engineering industry that complimented each other. The engineering industry can be divided into two separate entities that both impacted the British society enormously. The heavy engineering sector was growing due to iron production and also due to demands for mechanization, whose importance was realized in the 19th century. The steam engine (predecessor to the gas powered one) was invented by James Watt and had significantly

Similar Essays

The Army Of The British East India Company

1615 words - 6 pages martial races, and of course British training and structure. This army was created in large part by Robert Clive and Warren Hastings, and although it was an initial success, this army caused trouble for the Company in the long term. This is especially evident in the 1820s, when sepoys were especially prone to desertion and mutiny due to sensitivity about their high-caste status. The Company was already looking for suitable alternatives when the Sepoy Rebellion occurred in 1857, and the events of 1857-1858 finalized the Company's move away from recruitment of high-caste peasants to recruitment of more reliable and hassle-free “martial races.”

British East India Company, History Of Complete With Ten Sources. All Recorded And Properly Quoted

5547 words - 22 pages available due to the industrial revolution, a market was needed to accommodate citizens' extra wants to be fulfilled. An industry that offered more than just simple clothing, basic food and plain housing was in dire need. It was through this need that spurred the growth of the British journey to India."The East India Company, perhaps more than any other contemporary commercial organization, was at once a manifestation of and casual force behind

Advantages Brought To India During Rule From The British, Were Brought By The East India Company, Which Were Run My Indian Princes That Were Protected By The British.

1318 words - 5 pages The East India Company established many things for India including telegraph, railroad, and irrigation systems. It also set up a large army called the Sepoys to defend its interests and India's borders. The Sepoys were commanded by the British officers and were supported by the units of the British army. Although the Indians benefited from the British rule many resented British rule. The East India Company made sure that British colonist

British Nuclear Fuels Plc (Bnfl) As A Business

5367 words - 21 pages British Nuclear Fuels plc (BNFL) as a Business BNFL is an international nuclear energy business, wholly-owned by the UK Government. Its focus is to serve its nuclear utilities and government customers across the world by providing a broad range of technical and engineering products and services. The Company operates in the UK, Europe, Former Soviet Union, USA and Far East. There are two business groups: Nuclear