Oil & Gas Management Programme

Oil & Gas Management Programme

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Coursework Assignment Brief (RE-SIT) Semester: Autumn 2016 Module Code: POG210 Module Title: Oil & Gas Management Programme BSc (Hons) Oil & Gas Management Level: Level 5 Awarding Body: Plymouth University Module Leader James Milne Format: Essay Presentation: No Any special requirements: ï’· All work should be submitted on the Student Portal. ï’· Work to be submitted in a professional manner, and as directed by the Module Leader. Word Limit: 2,000 words (with 10% plus or minus leeway) Deadline date for submission: Thursday, 6th December 2016 at 5:00PM Learning outcomes to be examined in this assessment 1. Discuss the financial, commercial and contractual activities used in the management worldwide oil and gas industry Percentage of marks awarded for module: This assignment is worth 50% of the total marks for the module Page 1 of 7 Assessment criteria Explanatory comments on the assessment criteria Maximum marks for each section KNOWLEDGE & UNDERSTANDING Factual and conceptual knowledge and understanding; use of class materials; independent reading 40% Graduate Skills: transferable, employability, practical and academic skills Written, oral and presentation skills; interpersonal, group and teamwork skills; leadership skills; numeracy; digital skills; practical, professional and academic skills (including referencing/presentation 25% INTELLECTUAL & COGNITIVE SKILLS Critical thinking; conceptualisation; creativity; synthesis, analysis and evaluation; application; problem solving and research/investigation 35% Page 2 of 7 Is “Green Petrol” the way for the UK to hit EU Renewable Energy Targets? Background “New ‘green’ petrol could drive up prices and damage cars” Telegraph Report, March 2013 “New green petrol ‘only way to hit EU targets'” Telegraph, 7th June 2016 Even following Brexit, UK Government ministers in July 2016 were confirming that it was “very likely” Britain would introduce a new kind of petrol called E10, which contains a higher proportion of biomass than current unleaded petrol, in order to meet a sub-target of the wider EU scope, that requires 10% of transport fuels to be sourced renewably. Government ministers confirmed that this would increase pump prices. But the two contradictory quotes at the top of the page neatly sum up a dramatic turn-around in Governmental policy. Only a year ago, the UK was trying to avoid introducing this E10 petrol, citing that this was part of a EU campaign to wage war on British motorists. Now those same experts have decided that introducing E10 petrol is only way to meet this transport fuels target. So, who is right? Who will pay for E10’s introduction to UK forecourts? Will motorists pay extra at the pumps to go “green”? And what will be the effect on cars – is the possible damage to cars a realistic claim? Assignment Task You should research the subject of “green petrol” (or E10) and its introduction to the UK retail market, to conduct a review and critique of the advantages and drawbacks of such a new grade of petrol. In a 2,000-word essay you should evaluate the environmental positives as well as determine the costs of any additional infrastructure provision, and increased costs to motorists, and assess whether all cars can successfully run on E10 without causing damage to their engines. Your own interpretations and critical analysis from the research are fundamental. Supporting your own arguments in a robust and objective manner will qualify for better marks than a simple re-statement of the data and opinion found in the research. This should be a high-level evaluation; the allowed word count is a deliberate constraint, so make sure you write a “rounded” essay, and draw conclusions and recommendations with valid justifications. Total Marks for Assignment: 100 Page 3 of 7