al‚ 4). Many decisions made by John Browne were directly related to the Deepwater Horizon explosion. In 2007‚ Tony Hayward replaced John Browne and became the new chief executive. Tony Hayward slightly adjusted BP’s organizational structure and decided to pay more attention to BP’s safety issues and risk averse culture. However‚ the Deepwater Horizon explosion happened when Tony Hayward was in charge. The BP Deepwater Horizon oil explosion occurred in the Gulf of Mexico on April 20‚ 2010‚ which is
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offshore drilling can be a viable option for satiating the need of oil and also to boost the economy of the nation. In this report‚ I am going to discuss how the current Deepwater Horizon rig explosion has led to disastrous oil spill into the Gulf of Mexico causing environmental problems and also discuss how the oil spill if resolved and with safe and secure drilling techniques‚ the economic impact of offshore drilling can outweigh the environmental issues. Concerning the Deepwater Horizon rig explosion
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The BP oil spill‚ more famously referred to as the Deepwater Horizon Spill‚ occurred in 2010 in the Gulf of Mexico and flowed unmitigated for as long as 3 months. The BP oil spill has fared as the largest marine oil spill ever confronted in the history of the petroleum industry. The oil spill on the 20th of April 2010 was primarily the result of a gas release followed by an explosion in the Deepwater Horizon oil rig‚ in the Gulf of Mexico‚ established on the Mocando exploration well designed for
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Strategic 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
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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 and suspended for subsequent completion
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i i Dedication This report is dedicated to the 11 men who lost their lives on the Deepwater Horizon rig on April 20‚ 2010 and to their families‚ in hope that this report will help minimize the chance of another such disaster ever happening again. Jason Anderson Aaron Dale Burkeen Donald Clark Stephen Curtis Gordon Jones Roy Wyatt Kemp Karl Dale Kleppinger‚ Jr. Blair Manuel Dewey Revette Shane Roshto Adam Weise ii Acknowledgements We wish to acknowledge the many individuals and
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socially‚ and financially. Most recently‚ our country has begun another crisis‚ this time in the Gulf of Mexico. British Petroleum’s underwater pipeline‚ Deepwater Horizon‚ catastrophically failed and began spewing hundreds of thousands of barrels of petroleum daily. Currently BP plans to create a relief pipeline to fix the Deepwater Horizon and pay for all the damages that their pipeline is causing. On the other hand‚ President Barack Obama is demanding that BP take responsibility and pay for
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categoryId=9036186&contentId=7066903 Schulumberger. (n.d.). Blowout Preventer. Retrieved April 7 2011‚ 2011‚ from Schulumberger Oilfield Glossary: http://www.glossary.oilfield.slb.com/Display.cfm?Term=blowout%20preventer Williams‚ M. (2010‚ May 16). Blowout: The Deepwater Horizon Disaster. (S. Pelley‚ Interviewer)
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BP OIL SPILL The Deepwater Horizon oil spill (also referred to as the BP oil spill‚ the Gulf of Mexico oil spill‚ the BP oil disaster or the Macondo blowout)[5][6][7][8] is a massive ongoing oil spill in the Gulf of Mexico that is the largest offshore spill in U.S. history.[9] Some estimates placed it by late May or early June‚ 2010‚ as among the largest oil spills in history with hundreds of millions of gallons spilled to date. The spill stems from a sea floor oil gusher that resulted from the
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......5 Question 3 ............................................................................................................................................................5 How did BP’s history and culture shape decision-making on the Deepwater Horizon rig? .............................5 How did the political and regulatory environment affect decision-making by BP and its partners? ..............6 Question 4 ................................................................................
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