including the cost of the spill response‚ containment‚ relief well drilling‚ grants to the Gulf states‚ claims paid‚ and federal costs. Due to the loss of the market value‚ 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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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 to be a final
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Rock modification after exposure to a drilling fluid can be tracked‚ and the consequences of interaction observed. With this capability‚ TGA can be used to screen drilling and completion fluids‚ in order to improve their composition. TGA analyses can be performed periodically as the sample is exposed to a fluid. As it requires a very small sample‚ the same
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Matriculation‚ Tenth standard‚ Year: 2006-07 RELEVENT COURSEWORK 1. Well Drilling Equipment and Operation‚ 4. Drilling Fluids and Cementing Technique‚ 2. Advanced Drilling Engineering‚ 5. Reservoir Engineering‚ 3. Well Completion and Stimulation‚ 6. Petroleum Production Engineering. PROJECT WORK “Stabilizing boreholes while drilling through reactive shale 21
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disaster in the world history. As the oil from BP spill washes ashore‚ people on Gulf Coast are suffering huge damages they have never met before. The U.S. government estimates that up to 60‚000 barrels of oil a day are spewing out from the damaged BP drilling rig to Gulf of Mexico. It has ruined the shoreline‚ killed animal and sea life‚ threaten the ecosystem and harmed the tourism and fishing in Louisiana. After the spilling happened‚ US government and BP has been struggling for plugging the hole deep
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2014 Team 2: Oilfield Services Industry Analysis Oilfield service companies have had a stronghold in the drilling industry since the advent of directional drilling and hydraulic fracturing. While the former was first used on production well sites in the late 1940s‚ the latter was invented in 1947 by Floyd Farris and J.B. Clark. However even with these technologies being available as early as the 1940s‚ the first real commercially repeatable systems was used in the 1990’s‚ pioneered by
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While the oil boom made jobs for blacks and mexicans‚ it wasn’t to work on the rigs. The jobs were mostly housekeeping and cleaning‚ but they made a week’s’ worth of money in a day. Many blacks now started saving up for college and other necessities back in those days. The last change that was brought was community morale. That may
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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 20 April 2010 Deepwater Horizon drilling rig explosion. The explosion killed 11 platform workers and injured 17 others.[10] The gusher is estimated by the quasi-official Flow Rate Technical Group to be flowing at 35‚000 to 60‚000 barrels of crude
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6/17/2013 What to expect from this lecture Expect this lecture to: • Complement your subject materials • Address the topic’s learning outcomes and key themes topic s • Apply real world examples where feasible to the learning outcomes and key themes • Be linked to the market conditions current at the time the recording is made 1 © Kaplan Higher Education Pty Ltd 2012 trading as Kaplan Online Higher Education FIN227 Mining Investment Analysis Topic 5: The Oil & Gas Industry John
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asset will not be realized. Evidence‚ in this case‚ relies upon several assumptions that led the engagement team to conclude that no valuation allowance is necessary. The primary assumptions include estimations surrounding future profit margins and rig efficiency. The accuracy and dependability of these assumptions have a significant effect on the appropriateness of the deferred tax asset recognition. In order to determine the accuracy of the decision not to allocate any valuation allowance‚ an evaluation
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