[SWISS CHEES THEORY vs BP Deepwater Horizon Accident] When you heard about the word 'cheese', you must be thinking about food right? However, it's different for the Oil & Gas world. At the very first time I heard about this term, I straight away imagine about the yellowish delicious food. BUT, it's totally a different story for Oil & Gas world. In our world, we use this "swiss cheese method" in order to investigate about one terrible accident. Remember, BP's deepwater horizon disaster in 2010? It's one of the example of that the investigation body use this "swiss cheese" to find who or what cause the accident so that precaution can be taken in the future. So guys, when you heard about "Swiss Cheese" in your class or office, you should already know what it is all about. Read the diagram below to understand better about this "swiss cheese" model. I would like to wish all of you best of luck!!! Happy reading and keep update by my posts in FB P/s: Please take note that this Swiss Chees theory is also used in another accident
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Already, lubricant players have established their footholds here in Bangladesh, with international brands.
However, the situation is being tough as too many brands entered in this market. So, it is clear, the lubricants brands are struggling to sustain their market shares.
For this reason, we recommend an impression of “Lubricants shelf” to evaluate your brand visibility, which can a key indicator of the market shares of the existing brands.
Every retailer shop has different display shelves and the sellers place different product cans for the end-users. By nature, the sellers have the sole control of those shelves for the preferred product cans.The idea of “Lubricants shelf” may give the marketer an impression, how to penetrate in this competitive market.
The well-known lubricants brands automatically seized the product shelves because of the user demand. But for the struggling brands, this idea can be a key identifier of the business strategy to take over other brands.
The key objective of this impression of “Lubricants shelf” is to create an overview of your brand positioning in this competitive market.
A discussion on Lubricants Shelves; from the evaluation perspective, a discussion ground has been created to solely represent this trade, as well as its other stakeholders.Why “Lubricants shelf” is key to monitor engine oil market?
The lubricants shelves of the overall market have already placed more than 100 brands altogether and the number of brands is increasing day by day.
And the situation is being worsened while so many by name products are taking the different shelves of different clusters. This market has become more overstated in terms of brand names and local products.
You may argue with us; lubricants shelves have no more space to place your new brands. You might get surprised by hearing such a statement. For your information, it’s not a surprising one.
Regularly, lubricants retailers have to welcome the representatives of newly entered brands.
And, business Insiders has depicted this lubricants market as a silent trade with a lot of floating traders.
On an assumption, the annual domestic demand for lubricants oils is around 100 million litres, whereas base oil demand around 140 million litres.
However, the lack of market monitoring and the least reporting makes the lubricants trade unnoticeable to the public.
Headline crude prices for the week beginning 11 February 2019 – Brent: US$61/b; WTI: US$52/b
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