After having worked in the oil industry for five years and seeing first hand the impact oil production may have on our planet the experience caused me to ask myself‚ “Is there a better way?” This and many other questions sparked curiosity to the effects our current methods have on our people and the way we live and work. On a global scale renewable energy supplies a significant benefit to our planet such as‚ lowering energy costs‚ job creation‚ and preserving the environment. With energy costs continuously
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spent nearly all his savings and on the verge of losing his homes‚ he gave Reynolds one last attempt. The orders were to drill 1600 feet and give up. This took several months of trials and tribulations but eventually paid off on May 26‚ 1908 after drilling 1‚108 feet. A fountain of oil was discharged. Within a year‚ the Anglo-Persian Oil Company now known as BP became a business. The previous years for the explorers were rough but they were no comparison over the course of the next fifteen years
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Oceaneering International was as a mixed air and gas diving company. Today‚ Oceaneering provides engineered services and products for the global oilfield. Oceaneering provides remotely operated vehicles‚ built-to-order specialty subsea hardware‚ deepwater intervention and manned diving services‚ non-destructive testing and inspection‚ and engineering and project management (Oceaneering‚ 2013). This has been accomplished through the execution of a strategic growth plan that included acquisition of
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ECONOMICS CASE STUDY ASSIGNMENT: Corporate Social Responsibility What in it for business? Introduction Within the last two decades awareness of the ecological impacts of human activities has grown considerably. Nowadays‚ people expect companies to be conscious regarding their public and ecological responsibilities against society and conform their businesses in compliance with their obligations. My case study assignment will be structured as follows: it will start with
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Greenwashing It is now popular to be environmentally conscious in American society. It is completely acknowledged by the populace that oil will‚ indeed‚ run out within a lifetime‚ leaving a demand for a different kind of energy source. Hybrid cars‚ such as the Prius are now mainstream‚ recycling is day-to-day‚ finding organic fruits‚ vegetables‚ and meat is as easy as walking to the nearest grocery store‚ and using plastic bags has been deemed unacceptable. Global warming‚ while debated and questioned
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Annual Report and Form 20-F 2012 bp.com/annualreport Building a stronger‚ safer BP Annual Report and Form 20-F 2012 bp.com/annualreport Building a stronger‚ safer BP Front cover imagery The Petroleum Geo-Services (PGS) Ramform Sterling seismic vessel‚ which conducts seismic surveys for BP. Left image: the vessel working in the Ceduna Basin‚ Australia. Centre image: the vessel tows 12 streamers (pictured) behind it‚ each 8km long and equipped with hydrophones to pick up echoes from
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The Deepwater Horizon Oil Spill (aka BP Oil Spill) was one of the worst oil disasters in history. How much damage was done? How is BP making up for it? This is what we discovered: In the BP Oil Spill‚ more than 200 million gallons of crude oil was pumped into the Gulf of Mexico for a total of 87 days‚ making it the biggest oil spill in U.S. history. 16‚000 total miles of coastline have been affected‚ including the coasts of Texas‚ Louisiana‚ Mississippi‚ Alabama‚ and Florida. Even though the
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The Gulf oil spill exploded on April 20th‚ 2010. It is known as the worst oil disaster in U.S. history. 11 people died along with the sinking of the Deepwater Horizon oil rig. The oil pipe was leaking oil 42 miles off the coast of Louisiana and was estimated of leaking 3.19 million barrels of oil into the Gulf. The well was located 5‚000 feet beneath the ocean surface. It took them 87 days to finally cap the well. At that point the damage had already been done. Oil reached the shores of Alabama‚
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1. WHAT IS A BLACK SWAN EVENT? It is clear that risk management is a highly important element in management today as it identifies and assesses risks and then applies resources to minimize (or maximize) and monitor the probability and impact of unfortunate events (or opportunities). This way‚ companies are able to cope with a lot of risky situations by predicting them and by setting aside the right resources to handle them. However not all risks and events can be predicted and these can have a
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Questions: What are the environmental implications of oil spills? What legislative policies have been instituted to mitigate the possibility of future oil spills? How are oil spills cleaned up and what are the advantages and disadvantages of each method? What type of research and innovation surrounding oil spills has been done to prevent their occurrence? In order to foster an environment for emerging technologies and higher standards of living‚ the United States‚ Canada and many other nations
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