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Talisman Energy Case Study Essay

1701 Words7 Pages

Question 1: Discuss the degree of globalization of the industry indicated in the opening case and how this global scope has changed over time.
Answer:
The Opening Case presents implicit detail about ‘Talisman Energy’, a firm based out of Calgary, which was involved in oil exploration at Sudan. Company’s image has been tarnished at international level due to its dealings with Sudan to gain operative margins. North Sudan is a Sanctions Country. This country has issues of domestic unrest due to both political and social imbalances.
The opening case highlights Oil Industry and code of conduct.
Let’s do a deep dive to explore what Canada’s fact has to reveal about this industry at international …show more content…

Answer:
Let’s study Suncor Energy and competitive advantages this company has while it operates in Canada.

As discussed in Question 1, Canada ranks third globally in terms of proven oil reserves, behind Saudi Arabia and Venezuela.
Suncor Energy is a Canadian vitality organization situated in Calgary, Alberta. It works in creation of engineered rough from oil sands and positions number 134 in the Forbes Global 2000 rundown. (unknown, 2014)
Suncor is based out of various locations in Canada. Below are some reflections from the journey of this company till date:

In 1979, Sun framed Suncor by consolidating its Canadian refining and retailing investments; Great Canadian Oil Sands (a larger part possessed backup, which developed and worked the first business plant to create Canada's Athabasca oil sands and went on generation in 1967); and its routine oil and gas premiums. “In 1981, the Government of Ontario purchased a 25% stake in the company; it divested in 1993”. In 1993 Sun Oil likewise stripped its enthusiasm toward the organization, in spite of the fact that Suncor kept up the Sunoco retail mark in Canada. Suncor exploited these two divestitures to turn into an autonomous, broadly held open

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