The mineral rights to drill for oil at the Macondo well‚ were purchased by BP at the Minerals Management Service’s (MMS) Lease Sale No. 206‚ held in New Orleans. June 22 – Mark E. Hafle‚ a senior drilling engineer from BP‚ warns that the metal casing for the blowout preventer might collapse under high pressure Deepwater Horizon drilling rig company‚ owned by Transocean‚ begins drilling on the Macondo Prospect. The planned well was to be drilled to 18‚000 feet below sea level‚ and was to be plugged
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occurs today is oil spills. The first major oil spill happened during World War II on the East Coast of the United States and spilled about 590‚000 tons of oil. The most recent oil spill happened last year in 2010 in the Gulf of Mexico and about 190‚120‚055 gallons of oil leaked into the Gulf. Oil spills have affected our marine life‚ seafood industry‚ houses‚ health‚ and fossil fuels. Our world will never be the same after these horrifying spills that are destroying our environment. Oil is a source
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Oil is a product used by everyone‚ but sometimes oil is a problem. An oil spill is a leakage from an oceangoing tanker‚ pipelines‚ or other oil sources. Oil spills occur very frequently‚ and cause enormous ecological harm. About eight million barrels of oil are spilled each year. Tankers usually carry about five hundred million barrels of oil. Many oil spills‚ large in land or ocean coverage‚ have had major impacts on the earth and it’s inhabitants. Many animals die and some are injured in some way
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Lessons from the Past The recent major oil spill in the Gulf of Mexico‚ from BP’s Deepwater Horizon‚ has brought the use and effectiveness of bioremediation back into the news. Recruiting bacteria and other microbes to break down synthetic waste is an immensely appealing idea. Putting microorganisms to work in this manner is the crux of bioremediation (Alcamo‚ Weeks‚ 2008). The work to clean up the Horizon spill actually started in the 1800’s when night-soil men would go from house to house and
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INTRODUCTION: BP is one of the world’s driving global oil and gas organizations‚ with around 80‚000 employees and operations in more than 80 nations on six continents. The organization’s primary exercises are oil and gas investigation and creation‚ petroleum‚ lubricants‚ supply and transportation. BP gives its clients with fuel to transportation‚ energy for heat and light‚ retail administrations and petrochemicals items. • Founder: William Knox D’Arcy • Incorporated: 1908 as Anglo-Persian Oil Company •
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Annual Report Project Did BP responded adequately and efficiently after the Oil Spill in April 2010 TABLE OF CONTENTS Introduction p. 1 BP Oil spill characteristics p. 2 Cost Analysis of the spill p. 6 Clean-up of oil spill and recover environment p. 6 Estimation and recognition of the cost………………………………………………..p. 6 Financial highlights…………………………………………………………………….p. 7 1. Sale of Assets/ Opportunity Cost 2. Share Price Drop
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2010 BP Horizon Oil Spill Back in the ’40s and ’50s I believe that companies stood behind their products. In later decades I don ’t think it was as common and there were a lot of lies‚ double books‚ and skimming going around. In this current age how many companies can you honestly say you would invest in their products for the rest of your life? BP is just one of thousands of companies that work by the bottom line and only by the bottom line‚ usually bypassing safety and employees. BP just got
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Module Name: Oil & Gas Management Module Code: POG210 Module Leader: James Milne Student Full Name: Desmond Guy Harvest Student ID: 31661 Resit Assignment Essay Abstract: The intention of this Essay is to examine about sufficient understanding BP‚ which is one of the biggest well known since 1908. However the saddest oil spill disaster has taken way the life of 11 BP Employees‚ but it also made an impact in the environment such as ecosystem‚ the ocean’s suffer from oil covering bodies‚ and
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The 2010 BP Oil Spill allowed about 5 million barrels of oil to flow into the Gulf of Mexico before the gush was capped. Unfortunately‚ the explosion killed 11 people and injured several others (Benoit‚ 2011). To claim its ultimate negligence and reduce the pollution of the spill‚ BP created a multi-page website entitled “Gulf of Mexico Restoration” to communicate its message to the public. BP’s “Gulf of Mexico Restoration” website uses these three strategies to repair its reputation: displaying
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tune into what the dull lady is revealing. She announces that an oil spill has erupted in the Gulf of Mexico and the company “BP” is smothered all over the screen. The child only can only understand one concept: BP was the sole cause of this oil spill. To clarify‚ the child did not learn the real causes for this catastrophic disaster. On April 20‚ 2010‚ the oil rig called Deepwater Horizon exploded‚ causing 3.19 million barrels of oil to spill into the Gulf of Mexico (Smithsonian). The causes: the
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