A Brief Note On The Global Energy Market Essay

A Brief Note On The Global Energy Market Essay

Length: 1803 words (5.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

This report focuses on the analysis of the competition in the global energy market , it will touch on the operations of shell globally and then their operations locally in the country Nigeria

The global energy industry can be described as the summation of all industries that are involved with the production of energy and also the sale of energy this has to do with the exploration, extraction, manufacturing, processing, refining and distribution of energy in different forms it applies to the petroleum industry, the natural gas industry, coal industry , electric power industry , nuclear power and renewable energy ( renewable energy is the form of energy that has do with solar power , wind , hydro etc in the modern day the most used form of energy is the petroleum energy people need to fuel their cars for day to day use not only for cars but for trains , planes and other forms of transportation that require the use of petrol . In the world today the energy industry plays a big part in the infrastructure of most if not all countries however renewable energy is on the rise with production of electric cars like tesla the world is starting to become aware of the negative externalities of the production of oil by large corporations like , Shell, BP, EXXON , etc As a result of all the negative externalities in the global energy industry renewable energy and natural gas will be sort after more by 2040 (world energy outlook, 2016)

The global energy sector this report would be looking at will be the oil and gas industry more specifically the company being used is royal dutch shell otherwise known as just shell, the company royal dutch shell was established in the year 1907, the company focuses on the exploration of crude oil, natura...

... middle of paper ...

...a more preferred form of energy, it is cheaper , cleaner , and also more beneficial for the environment , oil and gas resources are being depleted as they are not renewable resources meaning in the future it will lapse and people will be left looking for the best alternative

In conclusion the oil and gas industry will start to have a decline in oil prices which is already happening, there is too much oil being produced in the world and this making oil prices drop, the oil being produced is also leaving a negative impact on the environment and also people living in the areas were the oil is being produced , they can not fish or eat anymore because their waters have been contaminated with oil spills and also their lands can no longer grow crops .
Policies have to be put in place and also restrictions to prevent corporations from drilling carelessly

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

A Brief Note On The Global Business Environment Essay

- Introduction The global business environment has changed in the past two decades, leading to great impacts on other aspects of the business leadership as ethics. Historically, the enterprises have been employing unethical practices since it was difficult for them to account for their actions. Currently, the improvement of technology and frequent regulation has significantly reduced unethical business practices. Different countries and regions have put in place regulations and standards that must be abided by both internal and foreign investors (Northouse 2013: 425)....   [tags: Business ethics, Ethics, Management, Morality]

Better Essays
1096 words (3.1 pages)

A Brief Note On The United States Economy Essay

- Yellowave Forget the nine to five job, escape the 24/7 hustles and bustles, that’s the modern day entrepreneurial spirit. As the U.S. economy continues to emerge, slowly yet unevenly, the financial system seems to be back on track. One attribute that helped the U.S. economy maintained its powerhouse status is the physical and human capital with full leverage in a free market and business oriented environment (U.S economy, 2015, para. 5). Even more people are jumping on being a sidepreneur through the E-commerce and leaving full-time job to venture out on becoming the boss....   [tags: Entrepreneurship, Marketing, Pricing]

Better Essays
992 words (2.8 pages)

A Brief Note On The United States ( U.s ) Auto Industry Essay

- SUMMARY The United States (U.S) auto industry has faced multiple crises in the past 30 years and has since recovered from two major recessions; the early 1980s recession and the Great Depression in 2001. Since then, the U.S. auto industry has bounced back strongly. The U.S is the second largest producer of passenger vehicles in the world, producing over 12 million passenger vehicles in 2015 (versus 6 million in 2009). The U.S is also the second largest vehicle sales in the world and broke sales record in 2015 with a sale of 17.4 million units versus 10.4 million in 2009 (Select USA, n.d.)....   [tags: Automotive industry, Automobile]

Better Essays
792 words (2.3 pages)

Essay about A Brief Note On The World War II

- World War II was without question the deadliest war in history. Generally, we focus on the war itself, but we rarely ever discuss the home life of the soldiers and families or how they were able to handle this mentally. Though communication, letters and propaganda the troops and their families proved just how resilient they were throughout this historic event. How do we obtain information in relation to worldwide news coverage. Some may tune into the local news broadcast, Fox News, CNN or browse the internet....   [tags: World War II, Family, Global conflicts, Deception]

Better Essays
805 words (2.3 pages)

A Brief Note On The Country Of Ethiopia Essay

- Some of us are fortunate to live the lifestyle that we do. We are able to go to school and get an education, come home to food on the table, and have clothes on or back shoes on our feet. Everybody is not able to live the luxurious lifestyle that most of us do. That does not mean we have the most fanciest clothes and eat at the fanciest restaurants all the time, but we have money to eat food from fast food chains when we want to. While doing research for this paper, I learned that I take certain things for granted....   [tags: United States, Food, Earth, Vegetable]

Better Essays
996 words (2.8 pages)

A Brief Note On The Gas And Oil Essay examples

- The Prirazlomnoye field was discovered one year later in 1989 . This oil reserve is estimated to contain 72 million tons of oil. Like the Shtokman field, it still under development which began in December 2013. Drilling operations on the field takes place on a single ice resistant platform. The platform contains storage tanks which in total can hold up to 113,000 cubic meters of gas. To transport the gas, tankers must sail across the sea to a different oil platform. The gas is then processed on the Belokamenka platform....   [tags: Petroleum, Natural gas, Transport, Russia]

Better Essays
712 words (2 pages)

A Brief Note On The Post Industrial Context Essay

- 2.1 The post-industrial context The city has turned into a landscape ruled by the new global economy and a new informational space (Hall 1997; Castells, X) that defines the transition between the industrial city pattern and the post-industrial started in the late 60’, within the context of the globalization. One main aspect could be the transformation of the downtown (Gospodini, 2006). The establishment of the new global economic activities has allowed the apparition of the Central Business Districts (CBD) in the inner center of the cities....   [tags: City, Sociology, Economy, Urban planning]

Better Essays
1024 words (2.9 pages)

A Brief Note On Companies And International Business Essay

- 1. A. Types of Companies in International Business Companies that do an international business generally defined as companies that do the business in more than one country and have an active management for its international business (Business Dictionary, 2016). Commonly, the companies that do the international business categorized as Multinational Enterprises (MNEs) or Multinational Companies (MNCs). In addition, those companies also do the Foreign Direct Investment (FDI), since most of the companies that do an international business have an active management towards it....   [tags: Corporation, Globalization, Economic development]

Better Essays
1052 words (3 pages)

A Brief Note On The Nigerian Banking Sector Essay

- In 2004, the Nigerian banking sector had undergone a significant policy change which led to the waves of consolidation and recapitalisation exercises in the financial sector and the policy in part include the increased in minimum capitalisation requirement from N2 billion naira to N25 billion. The consolidation and recapitalisation exercise that followed saw the emergent of 25 banks from the 89 banks operating in Nigerian prior to the banking policy implementation. The policy implementation not only resulted in a leaner and more robust banking sector but created a strong and solid banking sector to support the growing economy thereby strengthens the Nigerian banks to expand their operation...   [tags: Bank, Banking, Benin, Retail banking]

Better Essays
1332 words (3.8 pages)

Essay A Brief Note On Nissan Motor Co.

- Chapter – 1 Introduction Automotive industry is rapidly growing. Approximately one in ten jobs in industrialized countries are the jobs related to automobile. For developing countries, they evaluate the condition of local automotive sector for grasping the economic growth opportunities because the auto sector has the wide linkages with the other sector of their economy (Encyclopedia, 1997). Then, this industry makes 60 million cars and trucks per year worldwide. Therefore, it can support jobs for 4 million people directly and many others are indirectly (Papatheodorou et al., 2007)....   [tags: Automotive industry, Ford Motor Company]

Better Essays
807 words (2.3 pages)