oil and gas industry now faces its strongest set of challenges in terms of risk and compliance regulations. Recent events such as the BP Deepwater Horizon disaster in the Gulf of Mexico have further brought to light the presence and relevance of such regulations. In this whitepaper‚ we will consider
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BSC 1020 – Homework Unit B The Molecules of Life This homework is worth 25 points of the 900 points available in the course. Please use the book‚ PPT lecture handouts‚ and internet to answer the following six questions: Question 1 (8 points) Mr. Tony‚ a biology teacher‚ gives his student Ziad four samples and tells him they are lysine (an amino acid)‚ lactose (a disaccharide)‚ insulin (a protein hormone)‚ and RNA. The samples are in test tubes marked 1‚ 2‚ 3‚ and 4‚ but Ziad is
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industry face many risks ranging from political risks to supply and demand risks. However‚ oil companies involved in offshore drilling are subject to even more risks. There is no way of avoiding these risks‚ therefore these companies must address them in hopes of minimizing the effects related to a mishap resulting from one of these risks. The process of offshore drilling starts with verifying the exact location of oil reserves. Solid petroleum deposits often take the form of oil shale or tar sands
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the environment and different species of animals is inevitable with controversial methods. As an example of damage done to the environment‚ a very impactful incident which affected the Gulf of Mexico in 2010 was the explosion of the Deepwater Horizon. The Deepwater Horizon was an oil rig which exploded and caused massive damage among the surrounding
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Halliburton is a world-leading provider of energy industry products and services. The company serves the oil and gas industry by locating hydrocarbons and managing geological data‚ drilling and formation evaluation‚ well construction and completion‚ and optimizing oil field production. Halliburton consists of two divisions: Drilling & Evaluation and Completion & Production. As of December 31‚ 2011‚ these two divisions accounted for approximately 25.0 billion dollars in revenue. Halliburton has more than
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draw more customers from all around the Gulf. i. They have already have had previous orders from Panama‚ Jamaica‚ and Costa Rico. Mexico and the Dominican Republic are potential new buyers. ii. As off shore drilling comes back after the BP/Deepwater Horizon oil spill‚ Silver Ships can focus on more oil and gas companies.
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nonrenewable energy sources. When a company tries to reposition itself as socially responsible and sustainable‚ it has an obligation to attempt to fulfill those policies. However‚ BP’s efforts backfired when on April 20‚ 2010 the explosion of the Deepwater Horizon oil rig‚ operated under the oversight of BP‚ created one of the greatest offshore oil disasters in history. This unfortunate event has made BP the poster boy for negligence and environmental degradation. Not until August 2010 did there appear
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BP Crises Law/531 October 1‚ 2012 The Deepwater Horizon disaster attributed to BP‚ a multinational oil and gas company‚ occurred in 2010 dumping massive amounts of oil in the waters on the gulf coast. The BP is headquartered in London with operations in 80 countries with the largest being in the United States. Team B participated in a simulation that presented a similar scenario as the oil spill mentioned. The company in the
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investments in offshore drilling. They find the juice that keeps the world’s cars moving. Not everything has been rosy for the oil giant. In the early days when cars were just a fad for the wealthy‚ there was not enough sales of oil to justify the huge expenses incurred in retrieving the liquid gold. The company almost folded on several occasions being saved through various contacts in high places. The company has endured national takeovers of their plants‚ the loss of drilling rights and
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What exactly is sustainability? The term “sustainability” has gotten a growing amount of usage recently‚ in the media‚ business‚ and general communities. Increased exposure to the term‚ however‚ has not necessarily correlated with increased consistency of understanding of exactly what sustainability is‚ or what it means in today’s context. In fact‚ the rapidly widening usage of the term may be contributing to greater confusion about it‚ as the increased usage results in more people bringing
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