Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

POG303 Strategic Management

tag 0 Download 13 Pages / 3,192 Words tag 26-08-2021

Question:

"After two years of hunkering down, struggling U.S. oilfield service providers are preparing for an expected oil-price recovery in an unexpected Key: filing for bankruptcy. Companies that drill veils, haul voter and provide other services to energy exploration firms have been Hefting out a slump in oil prices by idling machinery, laying off workers and extending deadlines for repaying debts. Now they are tuming to Chapter 11 creditor protection to shed debt and raise cash so they can spend and invest again.
 
Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said."(Eyeing upswing, more U.S. oilfield service firms restructure, Reuters, Dec 2016)
 
"As oilfield services companies grow into this space, they handle more risk. The current low oil price environment may accelerate that trend, leading them and oil company operators into new partnerships through Mich risk can be shared and project deliveryoptimized". (KPMG, Unsung workhorses of the oil industry — Oilfield Services Companies, March 2016) 
 
The oil and gas sector is a diverse one made up of various types of firms including 10Cs (International Oil Companies), NOCs (National Oil Companies), Independents, Junior oil firms and Oilfield Service Providers. Oilfield Service Providers have been called the workhorse of the oil and gas sector. During the 2014-2016 oil price drop Oilfield Service Providers also suffered under falling profits due to the issues facing their customers, price cuts and the wider turbulent business environment. Like many firms in the sector Oilfield service providers had to rethink and be fle>dble in their approach to strategy and the choices they made during this time always with an eye for the Mum. 
 
Write a report critically analysing one Oilfield Service Provider operating during 2014-2017 in the oil and gas sector. Your report should analyse the strategic choices made by the Oilfield Service Provider. Your report should analyse the following —
 
• Provide a justification as to why you chose that particular Oilfield Service Provider
 
• Analyse the challenges or benefits facing your chosen Oilfield Service Provider during 2014-2017
 
• Your report should include appropriate oil and gas examples about your chosen Oilfield Service Provider
 
• Provide recommendations for your chosen Oilfield Service Provider to improve their strategic direction.
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 13 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Strategic Management. Retrieved from https://myassignmenthelp.com/free-samples/pog303-strategic-management/the-oil-and-gas-industry.html.

My Assignment Help (2021) Strategic Management [Online]. Available from: https://myassignmenthelp.com/free-samples/pog303-strategic-management/the-oil-and-gas-industry.html
[Accessed 27 September 2022].

My Assignment Help. 'Strategic Management' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/pog303-strategic-management/the-oil-and-gas-industry.html> accessed 27 September 2022.

My Assignment Help. Strategic Management [Internet]. My Assignment Help. 2021 [cited 27 September 2022]. Available from: https://myassignmenthelp.com/free-samples/pog303-strategic-management/the-oil-and-gas-industry.html.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?