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View sample on Petroleum Structure including its strength, weakness, threats and opportunities in UK as well as the key changes in the UK petroleum retail market by Assignment Desk
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Ownership structures • Hypermarkets – PFS (Petrol filling stations)owned by a hypermarket and retailing their own brand fuel such as Tesco. • Companies – PFS owned or leased by an oil companies whose name appears on the brand sign such BP owning and operating a PFS under its own brand • Dealers – PFS owned and operated by an individual or group
STRENGTHS • Safety • Training & education • Financial, legal and insurance services • High pressure, high temperature field developments • Deep water developments • Late life operation of the mature fields • Integrated services for the oil & gas projects & upholding of fields
WEAKNESS • High Cost base • Industry collaboration • Technology execution • Aberdeen city
OPPORTUNITIES • High interest in licensing rounds • New investments • Technology • Future sectors • Existing fields
THREATS • Reducing production • Low rate of exploration • Declining success rate • Assessment of finance • Older workforce demographics
Key changes in the UK petroleum retail market • Due to supermarket interference and rundown in company owned and independent outlets, the total number of petrol sites has slumped to 8700 in 2011 from 37500 in 1970 • Another issue identified is the fragmentation in the fuel supply chain. The major oil companies such as Shell, BP, Esso, Total and many others can either sell or close out their retail outlets and decrease the refinery capacity • High volume supermarket sites are buying most of the fuel from the importers but constraining with the limited storage • Entry of the supermarkets in the industry is another reason for the closures and cutbacks in the storage capacities
References • Arruda, M. G., 2014. Global governance, health systems and oil & gas exploration. International Journal of Law and Management. 56 (6) • Chalmers, D., Davies, G. and Monti, G., 2010. European Union Law: Cases and Materials. Cambridge University Pres • Oil and gas industry UK, 2014 [pdf].Available Through<http://www.scotland.gov.uk/Topics/Business-Industry/Energy/Energy-sources/traditional-fuels/oilandgas>>.[ Accessed on 21st December 2015] • Oil and Gas Sector, 2013.[Online]. Available through: < https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/225239/oil-and-gas.pdf>. [Accessed on 21st December 2015]. • Sarwar, M., 2007. Effects of tax increases on the oil industry: first report of session 2007-08, report, together with formal minutes, oral and written evidence. The Stationery Office. • Terra, L. A., 2010. European information users: Topics from a comparative analysis within the European Union. New Library World.111(5/6). pp.189 – 202.