Annual Report Project Did BP responded adequately and efficiently after the Oil Spill in April 2010 TABLE OF CONTENTS Introduction p. 1 BP Oil spill characteristics p. 2 Cost Analysis of the spill p. 6 Clean-up of oil spill and recover environment p. 6 Estimation and recognition of the cost………………………………………………..p. 6 Financial highlights…………………………………………………………………….p. 7 1. Sale of Assets/ Opportunity Cost 2. Share Price Drop
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another explosion of an oil tank. Fish are quickly swimming away so they don’t get affected by the dangerous chemical. While this is going on an invasive species is hungry and attacking all of the hurten victims and demolishing the rest of the fishes lives. Someone needs to take control of these two disasters before they get to dominant. AND FAST!!! Oil spills are a big part of pollution in water. The oil spill of 2010 in the Gulf of Mexico is noticed as the worst oil spill in American History. Extreme
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The Gulf of Mexico Oil Spill commenced on April 20‚ 2010 and continued for next 86 days. It was devastating to the extent that it killed eleven men and seventeen people severely wounded. The total estimate of the crude oil spilled is about 4.9 million barrels. It was controlled later on but the devastating effects that last for a longtime‚ is was the contribution of the deterioration of air and water through pollutions. When the oil evaporation happens it creates very small particles called carcinogens
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The Deepwater Horizon Oil Spill was one of the worst man made disasters in recent history. Back in 2010‚ an estimated 47‚000 people and 7‚000 boats/vessels were involved in the cleanup process. “It was estimated by a government-commissioned panel of scientists that 4‚900‚000 barrels of oil had already leaked into the Gulf.” (Pallardy) An excessive amount of oil has polluted the region. The government and BP had to take action as soon as possible‚ before the spill reaches further distances. The disaster
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EXXON VALDEZ OIL SPILL Relevant Facts On March 24‚ 1989‚ there were several ruptured tanks of the Exxon Valdez that allowed approximately 11 million gallons of crude oil to pour into the Gulf of Alaska. As soon as this happened‚ it started what would be described as one of the most dreadful environmental disasters in the history of oil drilling. A few months after‚ there were enormous surges of wind and waves that caused the oil to spread further out into the shorelines of Prince
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This case study is based on an ethical dilemma due to a 2011 oil spill. Enbridge had an oil spill near Wrigley. Although the company has taken responsibility for the spill‚ the members of the community are uneducated people who live off the land. The members of the community do not understand the technical jargon buried in the 600 pages of documents the company has presented them with. To try and fix things they offered the community members $5‚000 to get a consultant. 1. The facts. Gather
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BP: The Oil and Energy Company BP is an oil company whose roots start back in Cleveland‚ Ohio in the 1870 ’s. BP has grown from a local oil company to now being a global energy group employing over 80‚000 people and operating in over 100 countries worldwide. BP provides fuel for transportation‚ energy for heat and light‚ retail services‚ and petrochemical products for everyday items. They are all about finding oil and natural gas and have several brands that might sound familiar: BP‚ Castrol
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Oil spills and the impacts on the ecosystem Discuss the short and long term effects of your chosen impacts on a specific ecosystem. Your response needs to include: -a definition of the impact - How the impact arises (Causes) - the effects on the living AND non living components (think about all the spheres) - Methods to reduce the impacts An oil spill is a release of oil into a body of water‚ often stored in a tanker‚ offshore drilling rig or an underwater pipeline. An oil spill often
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Crew member onboard the Deepwater Horizon oil rig were awoken the morning of April 20‚ 2010 to the sound of multiple explosions. The Deepwater Horizon rig was positioned in the Gulf of Mexico about 40 miles off the coast of Louisiana. It was positioned about 5‚000 feet above the seabed and the oil pipe extended another 18‚000 feet into the rock below. It was owned and operated by Transocean and leased to BP. There were 127 crew men onboard the rig at the time of the explosion. The crew man began
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largest oil spill to date. However‚ the oil spill did not only affect the gulf. Animals‚ humans‚ ecosystems‚ and biodiversity were all impacted as a result. This act‚ inflicted as a war strategy by the Iraqi’s‚ is the cause of mass deterrence to the environment in the area. Although tremendous progress has been made in an effort to clean the Gulf War oil spill‚ there are still several efforts that must be made in order to maximize the fixation. In this paper‚ there are several aspects of the spill to
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