(BP leak the world’s worst accidental oil spill‚ 2010). The goal of our research is to seek possible solutions to reduce the risks of offshore oil spills. To attain this goal‚ we gathered information from over twenty sources‚ including “Deepwater Horizon oil” from Wikipedia research and an article from the LA Times. Our research focused mainly on four aspects of the BP oil spill‚ the aspects of environment‚ economy‚ politics and policy‚ and the internal BP crisis. At first‚ we went over the
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The Role of Risk Management in Modern Organisations The importance of risk management in reducing the amount of financial and Human losses under the impact of natural disasters (Japan – Fukushima) Abstract: This essay is mainly about the role of risk management in addressing any potential risk to the organisation that may cause a lot of losses. Management’s mission is to predict the risk before disaster strikes‚ which require to study all the information and the details provided by the
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Strategic Marketing DEEPWATER HORIZON INCIDENT WORD COUNT: 6000 Executive Summary On April 20th 2010 bp had a major oil spill off the Gulf of Mexico coined the “Deepwater Horizon Incident” in which eleven (11) person’s loss their lives. This incident negatively affected the company’s brand and bp brand equity plummeted by $7.4bn‚ representing a 61% fall (Brand Finance 2010). BPTT which is a subsidiary of bp Global had to treat with the negative impact of this crisis
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Works Cited Birnbaum‚ S. Elizabeth‚ and Jacqueline Savitz. "The Deepwater Horizon Threat." New York Times. Web. 27 Oct. 2014. Broder‚ John. "U.S. Issues New Rules on Offshore Drilling." New York Times. 30 Aug. 2010. Web. 27 Oct. 2014. Goldenberg‚ Suzanne. "The Oil Industry Is Unprepared to Handle Spills in the Arctic. “Oil Spills. Ed. Tamara Thompson. Farmington Hills‚ MI: Greenhaven Press‚ 2014. Current Controversies. Rpt. from "Arctic Oil Spill Clean-up Plans Are ’Thoroughly Inadequate ’‚ Industry
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[pic] SUBJECT : Business Ethic SUBJECT CODE : UGB210 MODUL LEADER : Mark Winter MODUL TUTOR : Adeline STUDENT NAME : STEVEN CHANG SERN YEH STUDENT ID : Executive Summary This is an ethical audit report‚ the author will discuss about the ‘snapshot’ of British Petroleum’s business ethics. The report will identify the main ethical dilemmas faced by BP such as manipulating price‚ polluting the environment and violating human rights and employee safety. These ethical dilemmas will
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mainly dealing with a series of misconducts which BP’s company performed in the 2005 Texas refinery explosion hazard. Moreover‚ BP’s company improper management and lack of adequate safety precautions were once again been found in the Deepwater Horizon oil spill at Mexico in 2010. Millions of gallons of oil were discharged into the Gulf of Mexico in this incident. The nearby environment was highly deteriorated and many precious lives had lost. On 5 January 2011‚ a report has been issued by
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and resolution process. Individuals and/or parties with procedural needs have issues relating to how the dispute is resolved. BP procedural needs were really simple‚ they wanted to find the best result while being time and cost efficient. The Deepwater Horizon was part of the Pride of the Transocean fleet of offshore drilling rigs. It was stationed 40 miles off the coast of Louisiana. BP leased the $560-million-dollar rig and was in the process of putting the finishing touches on the oil company’s
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Off Shore Drilling My topic is on off- shore drilling. It refers to the discovery and development of gas and oil which lie underwater through drilling a well. This content will tell you the pros and cons of this event and what it’s doing to our community. We’ll know what off-shore drilling is suppose to do for our economy in this review. I’ve started out my research with and branched off of it to and clicked on “Just how dangerous are oil rigs.” (secondary source) On April 20‚ 2010
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skill trainings for local community • Provides jobs to local residents ‚helps to build community support for the stores and community protection in what are often high-crime areas. • Developing new retail stores in under served areas BP and Deepwater Horizon • 200 million gallons of crude oil was pumped into the Gulf of Mexico for a total of 87 days.
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are injured in some way. Many plants and animals are endangered‚ or are now extinct. One of the most recent oil spills to occur was when the spill followed a blowout that caused an explosion on the Deepwater Horizon offshore drilling rig‚ which then sank off the coast of Louisiana. Deepwater Horizon oil spill is a massive ongoing oil spill and oil gusher in the Gulf of Mexico that started on April 20‚ 2010. The oil spill covers a surface area of at least 2‚500 square miles (6‚500 km2) according
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