• March 19th, 2016

Strategic management in oil and gas0

Paper, Order, or Assignment Requirements

Background

The role of the oil field service provider in the oil and gas sector is a dynamic one. Over the past

few years these companies, which were once content to provide support services such as drilling

and cementing, are becoming more ambitious with their strategic choices. However, the 2014-

2015 oil price fall has also meant that oil field service providers like Schlumberger, Halliburton,

Transocean and Weatherford have had to rethink their strategic options to remain competitive in

an increasingly turbulent sector.

“…Albert Einstein once wrote that he would rather have been a plumber than a physicist because

of the independence it would allow him. Faced with the growing power of big oilfield service firms –

playfully derided as “plumbers” by some in the industry – many oil men might now feel the same

way….” (Redall, B, Reuters.com, November 2012)

The link to this article can be found here

http://www.reuters.com/article/us-fieldservices-powerstruggleidUSBRE8AC05S20121113#y2LttEqUfwzf4Kja.97

“….with nearly 59,000 layoffs, including 9,000 from Schlumberger and 8,000 at Weatherford,

nearly 7,000 at Baker Hughes and 6,600 at Halliburton…” (Helman, C, Forbes.com, May 2015)

The link to this article can be found here

http://www.forbes.com/sites/christopherhelman/2015/03/16/oil-layoffs-itemized-75000-andcounting/

Assignment Task………

Choose one oil field service provider and report on its position in the sector. The report should

cover the period from the beginning of 2014 to the present day. The report should analyse the

current state of the chosen oil field service provider, and then consider the strategic options

available to that provider. The report should include the use of appropriate academic model(s)

when considering the strategic options available to the chosen firm.

Total Marks for Assignment: 100

Please prefer Halliburton oil service company

structure of the work:

introduction

Main body

analyse the current situation of your chosen oil field service provider (2014-2016)

 

Analyse the different types of strategic options available to the firm with use of academic model.

put forward one strategic option out of the ones you have analysed as a recommendation and provide a justification of your choice.

conclusion.

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