One of the most important measures of Global Development is building strong relations and ties that can link businesses to breakout deals. BP this year announced a $10 million dollar research collaboration project involving five Brazilian and three British universities. This project is aimed at improving the understanding of the formation of the Parnaiba basin in Northeast Brazil. Opportunities like this allows scientists, universities and business to collaborate and learn from one another. In 2010 BP caused a horrible environmental disaster in America that left them with a huge responsibility of fixing The Gulf Of Mexico and the people around it. They took to the global market and agreed to sell its stake in a Norwegian oil field to AS Norske Shell for $240 Million dollars cash as a part of its effort to raise funds to pay for the cost of the Gulf Of Mexico oil spill.Bp expects to divest assets with a total value of $ 38 billion dollar until 2013 as it focuses its business around the world on its strengths and opportunities for growth.
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When the world has environmental problems Bp's own ''ARCO'' who is the official partner of Bp was one of the first to take place in the growth and commitment to lend a help in energy saving. ''Air quality is a growing concern throughout Asia'', and natural gas is the fuel of choice to replace more carbon-laden fuels. Arco has taken a leadership role in advancing the Asia Pacific economic cooperation Council's natural gas initiative and is one of the largest U.S energy investor in China. Arco has developed the must successful Liquid Petroleum Gas business through 49% stake in the business that is the NO. 1 importer of liquid gas into China.
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