largest oil company in the world with over 92‚000 employees. The company had to face a dark time in its history when on April 20‚ 2010 the Deepwater horizon oil spill occurred. Through 3 major cracks oil spilled into the ocean. Affected by the oil spill were five states; Alabama‚ Louisiana‚ Mississippi‚ Texas and Florida. The disaster was if even comparable much worsted then any environmental disaster the US had to face since the result of the millions of gallons of oil spilt into the Gulf of Mexico
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Oil Spill Mitigation Planning and Monetary Recovery Andrew Fossa Saint Petersburg College Administrative Law Kenneth Afienko Abstract FOSSA A (2012) Saint Petersburg College Oil spill mitigation planning and monetary recovery A small Gulf Coast Community in Florida has requested the implementation of a contingency plan in the event of an oil spill that affects the coast line. This paper discusses the regulations‚ and laws that govern an oil spill and who is responsible for monetary and
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UNIVERSITY OF PORT HARCOURT FACULTY OF SCIENCE DEPARTMENT OF PURE AND INDUSTRIAL CHEMISTRY SEMINAR PRESENTATION ON CHEMICAL DISPERSANTS USED IN BIOREMEDIATING OIL SPILLS BY UPORO VICTOR BARIBEFE U2006/5581377 COURSE CODE: ICH 400.2 COURSE TITTLE: UNDERGRADUATE SEMINAR COURSE LECTURER: MR. GODSON IWUOHA SEPTEMBER‚ 2010 Table
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Overfishing in the Gulf of Mexico In recent years the fish and all the other marine animals that live in the Gulf have been affected by different natural disasters or disasters caused by us humans. For example‚ the most recent natural disaster that affected the lives of many marine animals in the Gulf was Hurricane Katrina in 2005‚ which caused the Gulf Coast entered the United States with lots of water and different types of animals from the gulf. This caused many fish to die and some to even become
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animal or contaminate its tissues. A thick film of oil on the sea surface may reduce sunlight penetration and reduce photosynthesis. Small particles and emulsions may be ingested or block the feeding mechanisms of invertebrates such as oysters‚ starfish‚ sponges and corals. These particles also may have toxic components‚ so the effects can be physical‚ chemical or both. The most dramatic impact of oil spills is the coating of larger animals with oil. Animals that breathe at the surface like dolphins
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Gulf Oil Corporation Time lag in reserve use Barrels 3‚038 725 2‚313 End of 1983‚ Gulf reserves (Ex 3) less projected expropriations Estimated reserves 1983 production of 290 barrels suggests it takes about 8 years (2‚313/290) to produce discovered oil. We’ll thus use an eight-year cycle. Gulf Oil Corporation 4 What is Gulf worth? To assess their value we proceed as follows. 1. Identify key assumptions. Finding cost per barrel E&D outlays usually take a year to produce reserves
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1. The aspects of BP’s ethical culture that could have contributed to the Gulf Coast oil spill disaster include: * The company tried to assure concerned stakeholders that it took environmental concerns seriously‚ but BP’s actions have not always concided with its words. BP has engaged in numerous instances of questionable behavior including fraud‚ environmental‚ and ethical transgressions clearly demonstrate that the company has a history of disregarding the well-being of stakeholders. The
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12 1999 the Maltese oil tanker Erica sunk in the Bay of Biscay outside the French coast of Brittany. The vessel had broken in two spilling an amount close to 19800 tones of heavy fuel oil. Additionally 6400 tones remained in the bow section of the sunken vessel and approximately 4800 tones in the stern section. Even though all crew members were rescued‚ this event would inevitably turn out to a huge disaster. Most of all because of the environmental consequences of the oil spill. In this paper I
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Corporate Social Responsibilities and Law Contents BP Company Info 3 Deepwater Horizon Oil Spill Event 4 Summary of the Deepwater Horizon Event 5 Stock price before and after Deepwater Horizon 7 Impact on Stakeholders 8 BP’s Oil Spills and Corporate Social Responsibility 9 Inadequate disclosure on the oil spill event 11 Recommendations for BP to get reputation back 13 Conclusion 14 BP Company Info BP is a global oil and gas company headquartered in London‚ United Kingdom
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11‚ 2006‚ MT Solar I sank in the waters off Guimaras Island and dumped into the sea an estimated half of the 2.19 million liters of industrial fuel oil it was carrying. Since then‚ the Philippine Coast Guard has sprayed 115‚600 liters of chemical dispersants to contain the damage. But‚ the big question is this. What is the best way to clean up the oil slick? According to the PCG‚ the best way to do it is through the use of chemical dispersants. However‚ my opinion is different. I believe that the
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