Standard Oil Company of California (Socal) is considering how much to bid for Gulf Oil Corporation (Gulf)‚ which is currently in the middle of a bidding war. Gulf is unwilling to consider bids below $70 per share even though their share price was $39 at the time Boone Pickens began purchasing shares in the hopes of a takeover. II. Statement of Facts and Assumptions Under the direction of James Lee‚ Gulf pursued a twofold strategy. First‚ Gulf renewed its focused on oil whereas in the past‚ Gulf had developed
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Questions 1. The controversy is that an oil spill in Mumbai‚ India is very hazardous to the fishermen. 2. The leakage started around the coast of Uran‚ very close to Mumbai on Sunday night‚ and ended about 3-4 hours later. The oil spill resulted from a pipeline burst when power failed inside the OCNG’s Uran plant. 3. It’s nothing new to the fisherman because they went through a similar issue. In 2010‚ the M.S.C. Chitra (sheet-ra) and MV Khalijia (Ka-lee-hia) spilled more than 800 tons of oil into the
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EFFECTS OF THE DEEPWATER HORIZON OIL SPILL ENEE 501 – POLLUTION PREVENTION AND CONTROL FOR THE ENERGY INDUSTRY HARJOT BHANDAL 10106493 TABLE OF CONTENTS ABTRACT 3 INTRODUCTION 3 BACKGROUND 3 ANALYSIS 5 CAUSE OF THE EXPLOSION 5 ENVORNMENTAL EFFECTS 6 ECONOMIC EFFECT 7 CONCLUSION 8 REFERENCES 9 ABSTRACT On the 20th of April 2010‚ a tragic event occurred just off the coast of the Gulf of Mexico. British Petroleum’s Deepwater Horizon oil rig exploded resulting in millions
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BP – The $40billion Safety Culture Vacuum On March 23rd 2005 a huge explosion at BP’s Texas oil refinery killed 15 people and injured more than 180. Most were its own staff. The refinery had suffered safety problems before. The previous year two workers died when scalded by super-heated water that escaped from a high-pressure pipe. The British media focused on the effect of the 2005 blast: the price of oil rose by several $s a barrel. In Texas‚ however‚ the local media were outraged by ‘yet
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BP: The Oil and Energy Company BP is an oil company whose roots start back in Cleveland‚ Ohio in the 1870 ’s. BP has grown from a local oil company to now being a global energy group employing over 80‚000 people and operating in over 100 countries worldwide. BP provides fuel for transportation‚ energy for heat and light‚ retail services‚ and petrochemical products for everyday items. They are all about finding oil and natural gas and have several brands that might sound familiar: BP‚ Castrol
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Pennsylvania the first oil well was drilled (Congressional Digest 2010). The thirty-eight years following that first onshore oil well would be dedicated to searching for offshore oil resources (Congressional Digest 2010). By 1896 those who searched accomplished what they set out to do off of Summerland‚ California (Congressional Digest 2010). During 1910‚ oil was an invaluable source of energy in America (Congressional Digest 2010). The people of America came up with ways to access and gain oil quicker than
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Bioremediation Methods for Oil Spills Contents I. Introduction II. History of Bioremediation 1. ‘Courtship’ Period (Pre-1989) 2. ‘Honeymoon’ Period (1989-1991) 3. ‘Establishment’ Period (since 1992) III. The Biological and Chemical Processes of Bioremediation 1. Biodegradation a. Biological Process b. Degrading Species c. Chemical Process d. Need for Bioremediation 2. Bioremediation a. Seeding with Microbial Cultures b. Environmental Modification
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Cover Page Introduction ………………………………………………….pg 2 The Exxon Valdez oil spill……………………………………pg 2 Short term effects……………………………………………pg 3 Long term effects……………………………………………pg 3 Canges after the spill………………………………………..pg 4 Legal settlement……………………………………………..pg 4 Reference…………………………………………………….pg 4 Introduction On March 24‚ 1989‚ the tanker Exxon Valdez‚ en route from Valdez‚ Alaska to Los Angeles‚ California‚ ran aground
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Gulf Oil Spill ENV/100 February 27‚ 2012 Norma Turner Gulf Oil Spill The Deepwater Horizon oil spill is considered to be the largest accidental marine oil spill in the history of the petroleum industry. The spill occurred in the Gulf of Mexico on April 20‚ 2010. The spill was the result of the explosion of the Deepwater Horizon offshore drilling rig. When the rig exploded‚ it created a sea-floor gusher of oil that flowed freely for three months. It resulted in 11 people killed and
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Humans cause oil pollution. We put the boats and ships in the water‚ we build oil rigs and drill into the bottom of the ocean‚ and we dump the wrong chemicals into the ocean. Boats and ships have oil leaks just like our cars do. When we’re in the ocean‚ we can’t exactly clean it up with some limestone. If an oil pipe breaks‚ we can’t stop push a button and it stops flowing. The oil is coming from underneath the ocean so it takes us longer to stop it from flowing into the ocean. Some people don’t
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