SAXENARAGHAV YADAVROHAN ANANDDATE OF SUBMISSION: 24TH AUGUST‚ 2010 | | Effect of BP oil spill and subsequent market reaction on the assets of pension funds and mutual funds Case Facts:- * 20th April 2010 – an explosion caused by blowout on Deepwater Horizon rig kills 11 crewman (including 9 Transocean employees) and ignites a fireball visible from 35 miles. * Deepwater Horizon was leased to BP from March 2008 to September 2013 * Share price on 21st April 2010 – 648.20p & lowest
Premium Management Project management Organization
On April 4‚ 2010 a huge explosion of the Deep Horizon oil rig occurred in the Gulf of Mexico Near Louisiana. Fifteen out the of one hundred fifty men who were on board were injured. Approximately two days later‚ the rig sang and oil began spewing. The oil leaked for over one hundred days. The BP oil disaster in the gulf has posed a threat on the people and the environment that surround the oil spill. The effects of offshore drilling can be catastrophic‚ especially after seeing what has happened in
Premium Petroleum Mexico Natural gas
Petroleum “BP” Oil Spill On April 20th 2010‚ British Petroleum better known as BP had an extremely destructive impact on the environment and the livelihood of those in Gulf Coast area of Louisiana‚ Mississippi and Florida. BP’s Deep-water Horizon oil rig was located offshore‚ 52 miles off the southeast coast of Venice‚ Louisiana. An explosion on the Deep-water Horizon oil rig caused a massive fire that claimed the lives of eleven BP workers. After 36 hours of burning‚ the Deep-water Horizon oil rig sunk
Premium Petroleum Louisiana Oil platform
Oil is one of the most important resources that empower the economy. It is mainly used for transportation‚ cooking‚ heating‚ and also electricity generation. Without oil‚ transportation‚ manufacturing‚ and production of food may not be possible. Oil came from fossils and dead organisms that submerged to the bottom of the ocean‚ or what we so called Oil Wells. It was collected by oil rigs by digging the bottom surface of the ocean. Deepwater Horizon oil spill is one of the biggest and controversial
Premium Petroleum Drilling rig Oil well
Business Communications BP and the Gulf of Mexico Oil Spill 04-71-100-05 Dr. R. Kobe Meshal Mustafa January 31th‚ 2013 An explosion took place on the Deep Water Horizon on April 20th‚ 2013. I will be discussing the main communication problem that BP faced. First I will discuss the causes of the problem‚ second I will talk about the symptoms. Thirdly‚ I will discuss the key stakeholder groups and the issues they are concerned about. Lastly‚ I will discuss how BP can use the communication model
Premium Public relations Communication Stakeholder
Assignment One This paper aims at identifying the communication problems facing BP‚ pointing out the concerns the key stakeholders may have‚ and discussing the steps that BP should use to deal with the key stakeholders. The main communication problem facing BP is failure to satisfy their stakeholders‚ the pubic‚ and the U.S. government. With each failure to stem the flow‚ BP’s communication problem makes the situation worse; BP becomes the target of criticism from all quarters. The cause of the communication
Free Federal government of the United States President of the United States United States
British Petroleum’s Marketing Problem Florida International University Summer 2011 Alex Del Veccio Yudith Torres BP Marketing Problem In April 20th‚ 2010 one of the worst environmental natural disasters that were brought on by a men happened. We are talking about the British petroleum Oil spill on the Golf Coast. The disaster not only affected the plants‚ animals and people living in the area but also the image of the company. British Petroleum has been successful on creating a powerful
Premium Petroleum
AP Environmental Science Deepwater Horizon Oil Spill: The BP Disaster The Deepwater Horizon oil spill in the Gulf of Mexico was one of the most infamous industrial environmental disasters ever. On April 20‚ 2010‚ a marine oil-drilling dig called the Deepwater Horizon exploded‚ releasing hundreds of millions of gallons of oil into the Gulf of Mexico. This explosion resulted in the loss of human life‚ massive environmental damage‚ and widespread damage to the livelihood of people living along the
Premium Petroleum Drilling rig Oil well
Deepwater Horizon Assignment On April 20th 2010 a BP licenses oil rig 50 miles off the coast of Louisiana exploded‚ killing 11 people. For three months millions of barrels of oil poured into the Gulf of Mexico killing sea life‚ altering the eco-system and affecting towns situated around the Gulf’s livelihood and quality of life. The Deepwater Horizon rig is responsible for the worst offshore oil spill in history. The corporation lost billions of dollars due to the disaster stemming for systematic
Premium Petroleum Mexico United States
BP Oil Spill Background The British Petroleum Oil Spill incident is the largest in history that raises various issue environmental and ethical issues. On 20th of April 2010‚ an explosion of the drilling rig caused the oil spill close to the coast of Louisiana in the Gulf of Mexico‚ in which 11 employees were killed. It took around five months for the oil well to exert no further risk and be concealed‚ where many controversies arose throughout the period. BBC‚ 2010. Timeline: BP Oil Spill. BBC
Premium Petroleum Drilling rig Louisiana