Corporate Social Responsibilities and Law Contents BP Company Info 3 Deepwater Horizon Oil Spill Event 4 Summary of the Deepwater Horizon Event 5 Stock price before and after Deepwater Horizon 7 Impact on Stakeholders 8 BP’s Oil Spills and Corporate Social Responsibility 9 Inadequate disclosure on the oil spill event 11 Recommendations for BP to get reputation back 13 Conclusion 14 BP Company Info BP is a global oil and gas company headquartered in London‚ United Kingdom
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of Gulf’s exploration and development program in net present value terms. How do Gulf’s outlay for exploration and development compare to cash returns Gulf generates from these activities. If we evaluate the performance of Gulf’s management for the period from 1976 to 1983‚ we will find out that the management basically did not run the company properly. Many indicators prove the fact the management’s efforts in spending huge amount of money in exploration and development activities did not yield
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First and foremost‚ British Petroleum oil company as well as” Deepwater Horizon Oil Spill”. It is one of the most terrible disaster that happened to humanity history. This is due the harm that it had in regards to humanity‚ environment and economy. The time line of the Deepwater horizon oil spill it was documented as the foulest oil spill in the US antiquity. On 20th April ‚2010 the blast and the decrease of the Deepwater horizon oil rig at the Gulf of Mexico that has murdered 11 folks and 17 other
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Case studies in the Oil and Gas industry Piper Alpha Piper Alpha was a North Sea oil production platform operated by Occidental Petroleum (Caledonia) Ltd. The platform began production in 1976‚ first as an oil platform and then later converted to gas production. An explosion and resulting fire destroyed it on July 6‚ 1988‚ killing 167 men‚ with only 59 survivors. The death toll includes 2 crewmen of a rescue vessel. Total insured loss was about £1.7 billion (US$ 3.4 billion). At the time of
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com/sustainability 2 A letter from our group chief executive / 4 How BP is changing 6 Gulf of Mexico oil spill / 14 How we operate / 22 Energy future 30 Safety / 34 Environment / 38 Society Within hours of the Deepwater Horizon accident‚ BP teams were working to stop the leak. We also acted to minimize the spill’s impact on the environment by containing‚ removing and dispersing oil offshore‚ protecting the shoreline and cleaning up oil that came ashore. And we worked with wildlife groups to develop
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The Development of Oil Sands in Alberta Instructor: Dan Murray Yifan Wang University of Waterloo 15‚ February‚ 2013 Summary A controversy around the development of oil sands in Alberta is developed in this report. Potential factors of its development‚ including economic‚ social‚ and environmental factors‚ are taken into consideration. All the information contained in this report is retrieved from other materials‚ such as peer review‚ journals‚ government reports‚ and online news. All the
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United Nations Development Programme CASE STUDIES OF S U S TA I N A B L E D E V E LO P M E N T I N P R AC T I C E TRIPLE WINS FOR SUSTAINABLE DEVELOPMENT United Nations Development Programme C A S E S T U D I E S O F S U S TA I N A B L E D E V E LO P M E N T I N P R AC T I C E TRIPLE WINS FOR SUSTAINABLE DEVELOPMENT United Nations Development Programme June 2012 Copyright © 2012 United Nations Development Programme. All rights reserved. This publication or parts of it may
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CRUDE OIL HISTORICAL DEVELOPMENT 1990 -‚ The price of crude oil spiked with the lower production during Kuwaiti invasion by Saddam Hussein forces 1994 - The Gulf War to liberate Kuwait‚ crude oil prices declined. In 1994‚ the inflation adjusted oil price reached the lowest level since 1973 The United States economy was strong and the Asian Pacific region was booming which extended into 1997. From 1990 to 1997‚ world oil consumption increased 6.2 million barrels per day. Declining Russian
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publicly traded oil and gas producing company. ExxonMobil does business in 200 countries world-wide (1). Some countries are designated for exploring gas and petroleum‚ and some are designated for manufacturing chemicals‚ lubricants‚ and market fuels (1). ExxonMobil ’s world-class petroleum portfolio gives access to proven reserves of 21.9 billion oil-equivalent barrels of oil and gas‚ which is the highest in the industry (1). The company ’s discovered resources consist of 72 billion oil equivalent
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Chris Intro to Business 9/22/10 BP and Ethics This case is about the safety problems faced by BP‚ the third-largest oil and gas producer in the world. On March 23‚ 2005‚ an explosion at BP’s Texas City refinery resulted in one of the most serious workplace accidents in the US. An investigation by The US Chemical Safety and Hazard Investigation Board (CSB) uncovered many safety lapses at the Texas City refinery. BP was accused of endangering its workers by compromising on process safety due
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