Ethics in the Workplace Case Study: BP Oil Spill On April 20‚ 2010 off the Gulf of Mexico‚ there was a blowout of the Macondo well which is owned by British Petroleum also known as BP. When the blowout took place it got immediate media attention because aspects of the event were known over the world. Within events transpiring it was discovered how limited the resources and reaction to the disaster was going to be. This paper will detail aspects of the event from symptoms of the problem‚ the root
Premium Oil spill Ethics Business ethics
How BP failed at crisis communication British Petroleum (BP) suffered a large-scale public relations and crisis communication disaster‚ when an oil-drilling rig accident on 20th April 2010 incurred a spillage of several million gallons of crude oil into the Gulf of Mexico. This catastrophic spill has been regarded as one of the most severe environmental damages recorded in the U.S. history‚ causing public animosity and frustration‚ substantially because of inappropriate BP´s crisis communication
Premium Public relations Petroleum Exxon Valdez oil spill
The Harmonized Savings Plan at BP Amoco Brief description of case background On August 11‚ 1998‚ United States Amoco Corporation (Amoco) and The British Petroleum Company p.l.c. (BPC) announced the BPC merger with Amoco. With a combined number of participants of 40‚000 and $7 billion investment assets under management‚ the merged pension and savings plan of the new company is viewed by both management and employees as a bellwether of the success of the merger. Therefore‚ the new investment team
Premium Investment Mutual fund
Energy sustainability in the UAE | Abstract This research will discuss about the current energy resources consumption locally in the UAE and globally in the whole world. Also‚ it would discuss about the possible renewable energy plant implementation and what new researches and achievements has been done in the UAE. Most of the researches done in the area of the energy sustainability are based in Masdar city and so more detailed information are provided. Table of contents Abstract 1
Premium Renewable energy Wind power World energy resources and consumption
Disadvantages: • Commitment to sustainability reporting requires management to decide what activities need to be measured‚ and then to identify the best metric for measurement. • The GRI provides a complete sustainability reporting framework and the required indicators to assess a company’s economic‚ social‚ and environmental activities‚ but does not dictate how a company should measure each indicator. Profiles in commitment and passion‚ performance‚ possibilities of sustainability reporting are seemed to
Premium Sustainability Triple bottom line
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
Premium Petroleum Oil spill Exxon Valdez oil spill
Business Policy Assignment guidance: We expect you to select the company or organisation which you work for and answer the assignment in that context. If you are currently unemployed you might choose a company which you used to work for. You might wish to include an outline summary of the company in an appendix‚ which would be outside the assignment’s word count You should ensure you address the following key areas: 1. General societal trends and their implications for the organisation
Premium Strategic management
(Horowitz). This oil spill affected and left significant damage to human‚ animals‚ and to the environment that will last not just years‚ but centuries‚ or maybe more. “On 20 April 2010‚ the British Petroleum(BP) Deepwater Horizon drilling rig exploded off the coast of Louisiana‚ killing 11 workers (National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling 2011)” (Peres). This drilling rig have about 126 workers that time. This massive explosion happened at about ten at night wherein only
Premium Petroleum Drilling rig Oil well
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
Premium Management Psychology United States
A brief History The first oil deposits in India were found in Digboi‚ Assam in 1889. That is when India’s journey in the Petroleum Industry began. Post Independence‚ Oil India Limited was formed which was a joint venture involving the Indian Government and the British owned Burmah Oil Company (presently known as BP) whilst the Indo-Stanvac Petroleum Project in West Bengal was between the Indian Company and the American Company SOCONY-Vacuum (presently known as Exxon Mobil). This changed in 1956
Premium Petroleum