CULF 2301.01 4 November 2010 Deep Water Oil Well Drilling For the last century finding a cheap supply of a sustainable energy source has been one of the major policies of the United States. Since the later stages of the industrial revolution and the first gasoline powered car were invented there has been an insatiable demand for petroleum. Oil well drilling first began onshore and then eventually led to shallow water drilling and finally deep water drilling as the technology evolved. Over the
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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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2010. The oil spill covers a surface area of at least 2‚500 square miles (6‚500 km2) according to estimates reported on May 3‚ 2010 by Reuters. And upwards of 5‚000 barrels of oil a day (NOAA’s estimate) continue to flow into the ocean.On May 13 BP reported that the cost of the oil spill alone had reached $450 million‚ and the price tag for the spill was rising by at least $10 million a day. Due to this massive oil spill‚ one can fear problems‚ such as petroleum toxicity and oxygen depletion
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Golden Rules of Safety [pic] Golden Rules of Safety Study Guide 1. Purpose of the Golden Rules of Safety The Golden Rules of Safety address the eight highest risk activities‚ that as a company‚ we perform. Many of our 2000 incidents directly involved these areas. The purpose behind the Golden Rules is to provide employees and contractors with a comprehensive understanding of these risk areas. The Golden Rules are standards that we will not violate. By enforcing and emphasizing
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Cited: Page Klein‚ N. (2010). BP Gulf disaster exposes our reckless abuse of Nature. CCPA Monitor‚ 17(4)‚ 8-10. Impact of Oil Spills. (2010). Congressional Digest‚ 89(6)‚ 167-192. Nijhuis‚ M. (2010). Crude Awakening. Smithsonian‚ 41(5)‚ 10-14. Thomas‚ E.‚ Stone‚ D.‚ Hosenball‚ M
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I. CASE SYNOPSIS TNK–BP is a joint venture company between TNK (Tyyumen Oil Company) and BP (British Petroleoum) in Russia. British Petroleum‚ was the world’s third largest oil and gas supermajor who was founded as the Anglo Persia Oil Company. BP’s upstream business operated in various countries (USA‚ UK‚ Australia‚ Angola‚ Azerbaijan‚ Canada‚ Egypt‚ Russia‚ Trinidad‚ Tobago and Indonesia). BP’s production growth was constrained by its mature oil fields‚ so BP was aggressively looking for new
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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 some are dead due to consuming polluted water. Indirectly causes
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Table of Contents Introduction 3 Background to BP plc 3 The Gulf of Mexico Incident 4 BP’s Historical Market Positioning 4 Internal and External Analysis 5 Internal Analysis – The SWOT Model. 6 External Analysis – The PESTLE Model 8 Strategic Choices 9 Recommendations 10 Porter’s Generic Strategies 10 Ansoff’s Matrix 11 Conclusion 12 Bibliography 12 Introduction The global business environment has never been more challenging for companies and corporate management teams
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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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Organization 12‚ 265-273. Moeller‚ S.B.‚ F.P Ohanian‚ N.K.‚ 1994‚ "Vertical Integration in the US Pulp and Paper Industry‚ 1900-1940‚" Review of Economics and Statistics 76‚ 202-207. Ordover‚ J.A.‚ G Perry‚ M.K.‚ 1978‚ "Vertical Integration: The Monopsony Case‚" American Economic Review 68‚ 561-570. Perry‚ M.K.‚ 1989‚ "Vertical Integration: Determinants and Effects‚" in R Qiu‚ L. and W. Zhou‚ 2007‚ "Merger Waves: A Model of Endogenous Mergers‚" Rand Journal of Economics 38‚ 214-226. Rajah‚ R.‚ H Ravid
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