Political – Legal Settlements: After the Deepwater Horizon oil spill in the Gulf of Mexico‚ BP faced many different legal settlements that were enforceable by court. Many of these settlements were in order to enhance the safety of drilling for oil in the Gulf of Mexico. BP worked to solve the federal criminal claims that came from the Oil Spill‚ and eventually pleaded guilty of 11 felony counts‚ related to the loss of 11 lives. Many other misdemeanor counts under different acts including: the Clean
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BP had dropped from the second to the fourth largest of the four major oil companies by 2013 5. It was a massive spilling the Gulf of Mexico‚ the largest offshore spill in U.S. history. It was a result of the well blowouts that began with the Deepwater Horizon drilling rig explosion on April 20‚ 2010‚ At
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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 on 29th June 2010 - 302.9p – price on 19th August 2010 – 386.7p – [http://www
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The Ecological Effect of the BP Oil Spill on the Environment Introduction: The BP oil spill‚ (also known as the Deepwater Horizon oil spill the BP oil disaster‚ the Gulf of Mexico oil spill‚ and the Macondo blowout) was an oil spill that happened in the Gulf of Mexico on the BP owned and operated Macondo Prospect on April 20‚ 2010. This oil spill is considered the largest and most devastating oil spill in the history of the petroleum industry. The cause of this oil spill according
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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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acquiring oil. Oil drilling is a dangerous and risky process. It runs the risk of contaminating the surrounding water and harming the organisms that live in it. The process also emits large amounts of carbon dioxide into the atmosphere. The Deepwater Horizon Oil Spill‚ better known as the BP oil spill‚ was a prime example of how oil drilling is an extremely harmful process. An explosion on the rig caused it to spill 60‚000 barrels of oil per day into the Gulf of Mexico. It also cost millions of dollars
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References: continued Schwartz‚ A. (2011). BP Greenwashes Post-Deepwater Horizon CSR Report. FastCompany. Retrieved from http://abclocal.go.com/ktrk/story?section=news/local&id=8700136 Schwartz‚ A. (2010). Surprise! BP ’s Internal Deepwater Horizon Investigation Is Flawed. FastCompany. Retrieved from http://www.fastcompany.com/1742432/bp-greenwashes-post-deepwater-horizon-csr-report The Associated Press. (2012). More than 50‚000 Texas City residents sue BP. retrieved
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The largest oil spill in the history of United States is the Deepwater Horizon oil spill‚ also known as the BP oil spill. The oil spill initially lasted eighty-seven days‚ and the after-effects are still happening today‚ almost seven years later‚ causing heart disease. The oil spills lasting effects have polluted many water habitats and is beginning to pollute our air. Because of its pollution in our air‚ people are beginning to have heart problems‚ such as heart disease and respiratory issues.
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Sourcing and Product Development 15 May 2013 Industry Research Paper 2 “The Importance of Low Micronaire Cotton” A new study at The Institute of Environmental and Human Health has found a new way of cleaning up oil spills. Following the Deepwater Horizon event that caused 11 deaths and a fire that was visible from about 35 miles away (Crittenden‚ 2010)‚ researchers realized that they needed to find a better way to clean up oil spills. Seshadri Ramkumar‚ the lead author of this new study studied
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Background Company overview British Petroleum (BP) is the world largest retailer of gasoline in the United States. It ranks at the top of three global oil and gas industry. From the corporate watch website (2009)‚ it pointed out that almost 70% of the profits are gained from the US and Europe. In addition‚ BP is also devoted for aviation fuels and shipping aspects. It is reported that about 900 ports and more than 1400 airports have been supplied by the BP’s lubricants and fuels. Meanwhile
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