...British Petroleum Deepwater Horizon Felicia Kuse Abstract The following paper will describe recent events that occurred with a British Petroleum owned offshore oilrig known as “Deepwater Horizon”. In addition the paper will also discuss various safety issues, concerns, and repeated violations that have occurred resulting in an environmental disaster that impacts the Gulf of Mexico of which the long term effects will not be known for generations to come. British Petroleum Deepwater Horizon On April 10, 2010 the offshore drilling rig, operated by the world’s sixth largest oil producer British Petroleum, erupted in flames. The result of this disaster caused “170 million gallons of crude oil to spill into the waters of the Gulf of Mexico” ("NRDC.org", 2011, p. 4), killing 11 people, and creating what could be the largest ecological disaster of the 21st century. This disaster is considered by many to be the largest oil spill ever to occur. Clean up efforts are still ongoing after almost two years. British Petroleum (BP) has spent billions of dollars in cleanup cost, restitution and community development; however the greater effects on the environment will not be determined for many years to come. The direct cause of this disaster has been identified as mechanical failure of a blowout preventer located at the base of the well directly above the site entry on the bottom of the sea floor. When this mechanical valve failed, it cause as large plum of highly flammable gas...
Words: 2701 - Pages: 11
...British Petroleum What we know today as British Petroleum is the result of several companies being bought and sold over many years. One of the companies, Standard Oil Company was created in 1870 by John D. Rockefeller in Cleveland Ohio. By 1892, while still not selling gas products, Standard Oil companies was providing lubricating products to keeps parts on horse drawn wagons moving friction-free. One of the other companies, the Angelo-Persian Oil Company was formed in 1905. By 1908 they were producing gas products and in 1912 they discovered a way to double the output of gasoline produced from a barrel of oil. At the same time they were able to find a way to increase the octane level of the gasoline produced. Industry Analysis Today, British Petroleum is one of the largest energy companies in the world. They provide their customers with fuel for transportation, energy for heat and light, retail services and petrochemical products for everyday household use. British Petroleum is involved in exploring for oil and other natural resources that can be converted into power. British Petroleum is committed to finding fuel sources that reduce green house gases and reduces the carbon footprint. They hope to accomplish as they research and refine alternative fuel sources such as fossil fuels, solar power, wind power, hydrogen, and natural gas. Competition in the oil and energy industry is furious. British Petroleum competes with companies like Exxon-Mobil and Chevron in three...
Words: 1820 - Pages: 8
...British Petroleum Communication Problems inside BP Submitted by: Date: December 4, 2014 Memo 12/4/14 Jeff Lewis Metropolitan State University of Denver 890 Auraria Parkway Denver, CO 80204 Dear Jeff: Enclosed is my report on British Petroleum and the Deepwater Horizon oil spill in the Gulf of Mexico. This report shows how BP cut corners to expedite construction and save millions of dollars. As a result, the biggest oil spill in United States occurred. Due to the reckless conduct of BP, the corners cut by the people in charge ended up costing them billions of dollars as well as endangering the habitat and wildlife in the area. After reading this report you will realize BP’s CEO Tony Hayward, all the way down to the engineers in charge of everyday operations were to blame for the worse oil tragedy in our history. Sincerely, Executive Summary This is a report on how British Petroleum has failed in many areas of business communications. It’s going to include 3 main points that will explain in detail on how British Petroleum had bad communication and how it ended up creating history’s biggest oil spill in the United States in the Gulf of Mexico. The 3 main points include: 1. Pre-Event Planning a. Anticipate, Prepare, Practice b. “Safety” Not a Core Value c. Responsibility of Employees 2. Expressing Concern and Wrongful Focus a. Slow in Expressing Concern b. Lack of Sympathy to...
Words: 2420 - Pages: 10
...British Petroleum Individual Project Phillip Zaphiropoulos Friday, November 16, 2012 ADM1300 B Jean-François Aubert “In partial fulfillment of the requirement of ADM1300.” ADM1300 Fall 2012 Individual Project – British Petroleum 1. Executive Summary To: CEO Robert Dudley From: Phillip Zaphiropoulos Date: November 16, 2012 British Petroleum is a public limited company. They suffered a huge downfall from their 2010 Mexican Gulf oil spill, although have rebounded very positively since then with major improvements in the company, both ethically and environmentally. This company markets its products in over 100 countries and, as of December 2011, employs over 83,000 employees. British Petroleum has worked hard to honour their commitments to the people and communities of the Gulf Coast. This company produces the natural resources that the world depends on daily, and produces them in some of the most operative, proficient, and resourceful ways which are possible today. (BP, n.d.). This company proves to be constantly evolving in the world. They are always innovating and coming up with new ways to operate their business as to cause the most minimal effect or damage on the environment. BP has become one of the most environmentally aware companies of the modern age, especially from what they have gone through in the Gulf of Mexico, and the revolutionary technologies they have integrated in their business operations. The vertically integrated company uses three...
Words: 3845 - Pages: 16
...British Petroleum (BP) is a worldwide oil as well as gas establishment whose roots can be traced in British. The company’s headquarters are based in London, United Kingdom. The company has been ranked as the third biggest energy establishment as well as fourth biggest establishment in the world measured by 2011 profits. The company functions in all sectors of the oil as well as gas business ranging from examination in addition to manufacture, purifying, supply in addition to advertising, petrochemicals, power generation as well as exchange. The corporation has as well diversified its core operations to integrate renewable energy actions that bio fuels in addition to wind power. Operating over 80 nation states it’s biggest union remains BP US in where it remains the 2nd biggest manufacturer oil as well as gas in the US. The company be situated both registered with London’s Stock Trade primarily with minor list with New York Stock Exchange. In British Petroleum planning is critical and it helps the company to forecast the future as well as chalk out actions to be taken. Planning can be viewed as a preparatory step that determines when, how as well as who is going to perform a specific job Internal and external factors in management of British Petroleum Company The British Company has several internal factors that can be corrected within these categories that can drive the company to its success; on the other hand they also come with external factors that are further than the company’s...
Words: 988 - Pages: 4
...February 12, 2011 The British Petroleum Company, better known as BP, is an oil and petroleum conglomerate that has serviced consumers’ needs since approximately 1909. When it was first founded by William Knox D’Arcy the company was known as the Anglo-Persian Oil Company (BP Global, 1996-2012). The first few years of business was shaky Winston Churchill believed in its success and supported the oil movement. His speech captured the attention of the United Kingdom government so remarkably that they endorsed and became investors of the Anglo-Persian Oil Company (APOC) (BP Global, 1996-2012). With the growth of heating and automobiles powered by gasoline came the rising success of the APOC. In 1935 Persia renamed its country Iran, thus sparking the company name change to Anglo-Iranian Oil Company (AIOC) (BP Global, 1996-2012). After many ups and downs during and following World War II, the year was 1964 when the AOIC took on its third and present name change to British Petroleum Company, better known as BP(BP Global, 1996-2012). British Petroleum Company is currently a one of the world’s top ranked oil suppliers. With recent economic changes, BP has formed new subdivisions in order to maintain revenue and appeal to consumers. The British Petroleum Company’s presence exists in all 7 global continents. Many of these worldwide operations have partnered up with local affiliates in order to serve all communities. All businesses do not boats the name or BP logo but the services...
Words: 1765 - Pages: 8
...British Petroleum Runs the Social Media Gauntle SUBMITTED TO: ALAIN LONDES SUBMITTED BY: RUMANA PARMAR SHIVANGI SHARMA GURMEET KAUR VARINDER DHIMAN Case Study British Petroleum Runs the Social Media Gauntlet Company Background British Petroleum is Public Limited Company established in 1954. BP is one of the TOP global oil and gas corporations in the world. It provides many products like carrying fuel; buy and sell services, power for heat and luminosity and petrochemicals products for day to day use items. It is on 3rd ranking, 1st and 2nd are held by Exxon Mobil and Royal Dutch Shell. The headquarter of British petroleum is in London, United Kingdom. It works in all sections of the oil, gas and energu business, they also do manufacturing and examination, up streaming, refining, promotion and distribution and power generation alternative energy and commercial functions. BP is in a perilous business, and is devoted to supremacy via ordered and organized management of activities. The company maintain improvement for the long-lasting future and beyond has been a part of designed focus for the British petroleum directors. BP has the idea to get enhanced and proceed the distinction and prospective of its industrial portfolio. The company focus on constructing long-term or weighty relationships with its customers and deliberate partnerships in business sector. The company has ability in petrochemicals. British petroleum has more than...
Words: 1573 - Pages: 7
...BP CASE ANALYSIS OF THE GULF OF MEXICO OIL SPILL The world witnessed the largest oil spill in its history in April 2010 in the Gulf of Mexico. The explosion occurred in an oil well of British Petroleum and it is estimated that almost 4.9 billion barrels of oil was leaked to the Atlantic Ocean during the first three months since the incident. The oil spill had devastating effects of the economy and environment of America and the company had to face severe criticism from across the world community. Macro-environmental factors affecting BP Political Environment British Petroleum has held back its dividend payout to its prime stakeholders as they had been under pressure from the United States government regarding the oil spill that had occurred in the Gulf of Mexico. The company had agreed to sell of 30 billion worth of assets to pay off its clean-up bills. The company will resume its prime stakeholder dividend payout at 7 cents/share. British Petroleum is looking forward to sell two of its key refineries in the United States. nited States have threatened to replace BP from the project to seal the exploded well in the deepwater horizon. Obama acknowledged that the Gulf of Mexico contributes a major of its domestic production; he added that offshore oil drilling can be pursued only with an assurance that devastating incidents like the British Petroleum oil spill will not occur in future. Economic Environment British Petroleum oil spill has resulted in huge lose in terms of Share...
Words: 2505 - Pages: 11
...forefront of international business, whether it was the leading country in the First Industrial Revolution or finding new ways of exploiting untapped markets and resources. The company currently known as BP is one of those exemplary firms in this discussion. Throughout its history, BP has had many names, originally formed as Anglo- Persian Oil (1909-1935), political developments led to “The Company” being renamed Anglo- Iranian Oil (1935-1954), British Petroleum (1954-2000), and currently, simply BP with the tagline “beyond petroleum.” The numerous name changes highlight one of the most significant aspects of the Company’s existence, the relationship between it and different governments. It also highlights one of BP’s core competencies, which is its constant re-branding and reinvention of itself as the latest “bp: beyond petroleum” is an effort to appear more environmentally friendly. Contracts tied the Company to Persian authorities as the Shah granted William Knox D’Arcy a concession to explore for oil. Their relationship with the UK was necessary for financing, as the British government would partially nationalize Anglo-Persian Oil. A chief contributor to the development of Second Industrial Revolution (1840’s-1950’s), the BP company began with an investment by William Knox D’Arcy, a man who was more of a financier than an entrepreneur. During the Second Industrial Revolution, in a range of industries, giant corporations...
Words: 2170 - Pages: 9
...1001-065 Final Issue Analysis Fall 2012 The BP Oil Spill On April 20, 2010, the Gulf of Mexico was changed forever. The explosion of a deepwater oil-drilling rig changed the lives of millions for years to come. The Gulf of Mexico as we knew it would be changed for decades to come after the mistakes made by the Deepwater Horizon’s crew that day. British Petroleum, the oil giant responsible for the disaster, left the American citizens of the Gulf Coastal region terrified and helpless. There were seventeen men injured in the explosion and eleven unaccounted for presumed dead, while hundreds of thousands of gallons of oil leaked into the Gulf of Mexico (BP Oil). The oil spill caused by the explosion may be recorded as one of the most catastrophic oil spills in history. This disaster served as a wake up call for the United States to seriously consider producing a well defined set of regulations for drilling in open waters. British Petroleum, although being originally founded in 1909, did not become one of the major competing oil companies until 1995 when John Browne became CEO of the company. Since this time BP has become a company that would violate laws involving regulation and cut numerous corners to create greater profit. When compared to Chevron and other oil companies, British Petroleum has been accused of 518 or more than two times as many safety violations than any other company. Also between the years 2000 and 2009 the amount of oil BP spilled into the Gulf of Mexico equated...
Words: 1834 - Pages: 8
...Jubred A. Peñano BP Course no: BE F06 International Training Program, Banking Academy Prepared by: Dương Thị Mỹ Hạnh – Class F06B Registration No: ITP F06-039 No of word: Submission Date: 7th November 2013 Executive summary In recent year, the world economic is being stressful; all of economy activities are difficult. A lot of big and small companies fall into bankruptcy. Therefore, in order to maintain and develop the business, companies need to have reasonable strategy and also consider about the internal factors, external factors around the company. British Petroleum is one of the biggest oil companies in the world, it is also affected by the economic crisis. Hence, Bp should understand about the current situation of company to give more strategy which help develop the firm in the future. This report was carried out through the BP website, books and newspapers what relate to the BP’s information. Moreover, the report also provides more information of BP such as vision, mission, goal, value, objectives, BP's environmental and economic situation in the UK. Besides that, this information what was given in this report: * Evaluate the extent BP what it has achieved the objectives of stakeholders * Responsibility of Bp with the factors around the company * Analyst policies in UK what influence to run business * Evaluate economy system allocation of resources and way to use. Introduction British Petroleum- England’ petroleum multinational...
Words: 5583 - Pages: 23
...BP plc,[5][6] also referred to by its former name, British Petroleum, is one of the world's seven "supermajor" oil and gas companies.[7] It is a British multinational company, headquartered in London, England, whose performance in 2012 made it the world's sixth-largest oil and gas company, the sixth-largest energy company by market capitalization[8] and the company with the world's fifth-largest revenue (turnover).[9][10] It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy interests in biofuels and wind power. [dated info] As of December 2013, BP has operations in approximately 80 countries,[4] produces around 3.2 million barrels per day (510,000 m3/d) of oil equivalent,[1] has total proved reserves of 17.9 billion barrels (2.85×109 m3) of oil equivalent,[11] and has around 17,800 service stations.[12][13] Its largest division is BP America in the United States. In Russia BP owns a 19.75% stake in Rosneft, the world's largest publicly traded oil and gas company by hydrocarbon reserves and production. BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index; it had a market capitalisation of £85.2 billion as of April 2013, the fourth-largest of any company listed on the exchange.[14] It has secondary listings on the Frankfurt Stock Exchange and the New...
Words: 691 - Pages: 3
...BP From Wikipedia, the free encyclopedia This is the latest accepted revision, accepted on 2 October 2010.Jump to: navigation, search This article is about the energy corporation. For other uses, see BP (disambiguation). For information on the oil spill from the Deepwater Horizon rig, see Deepwater Horizon oil spill. BP p.l.c. Type Public limited company (LSE: BP, NYSE: BP) Industry Oil and natural gas, alternative fuels Founded 1909 (as the Anglo-Persian Oil Company) 1954 (as the British Petroleum Company) 1998 (merger of British Petroleum and Amoco) Headquarters London, United Kingdom Area served Worldwide Key people Carl-Henric Svanberg (Chairman) Tony Hayward (CEO) Bob Dudley (Director, CEO (appointed)) Byron Grote (CFO)[1] Products BP petroleum and derived products BP service stations Air BP Aviation Fuels Castrol motor oil ARCO gas stations am/pm convenience stores Aral service stations solar panels Revenue US $246.1 billion (2009)[2] Operating income US $26.43 billion (2009)[2] Net income US $16.58 billion (2009)[2] Total assets US $236.0 billion (2009) Total equity US $101.6 billion (2009) Employees 80,300 (Dec 2009)[3] Website BP.com A 1922 BP advertisement.BP p.l.c.[4][5] (LSE: BP, NYSE: BP) is a global oil and gas company headquartered in London, United Kingdom. It is the third largest energy company and the fourth largest company in the world measured by revenues and is one of the six oil and gas "supermajors".[6][7] ...
Words: 11889 - Pages: 48
...Business and Society Social Performance of Organizations: British Petroleum (BP) Professor Jeannette Wood Christopher Casselman Week 4 11/02/2014 Social Performance of Organizations My chosen organization is British Petroleum. Nature of the Entity British Petroleum is one of the world’s leading international oil and gas companies. The company offers customers with fuel for transportation, lubricants to keep their engines moving, energy for heat and light, and the petrochemicals used to make everyday items. The company uses highly developed technologies and tried-and-tested solutions to find oil and gas beneath the earth’s surface. Structure of the Entity British Petroleum is present everywhere on the globe. From Europe to Africa and Middle East Asia, the company’s branches are operating effectively. The company has approximately eighty thousand employees, a turnover of $297 billion and operating branches in 100 countries in six continents. (Cambridge University Press, 1982) Types of products The principal activities of British Petroleum are exploration and extraction of natural gas and crude oil; refining the crude oil, marketing the refined product, supply and logistics; as well as production and marketing of petrochemicals. It also has a growing activity in gas and power, and in solar power generation. The group is organised into two major business sectors: i.e. Exploration, production, and Refining & Marketing. Exploration and Production The...
Words: 1849 - Pages: 8
...British Petroleum is without a doubt one of the world’s most profitable companies of all time. British Petroleum or (BP) is the leading oil extraction company worldwide, therefore substantially affecting millions of people and companies. Bp gains its profits by transforming the oil it retains from around the world into the biggest commodity around; petrol, known as gasoline. In addition, Bp is also a major supplier of low carbon energy generated naturally by windmills and other means across America. Thus, satisfying the request that many American consumers have brought up in a publicized meeting regarding alternate means of energy. Bp, being one of the leading companies in the world affects an extremely wide base of, investors, retailers, dealers, and stock holders, not to mention the ninety six thousand employees currently working around the clock at their various locations. Many consumers assume that Bp with all its power and wealth couldn’t possible care what it is doing to the environment or economy; however, this couldn’t be any further from the truth. According to www.bp.com, Bp is currently partnered with over 13 major companies researching and utilizing Biofuel technologies; Advanced Biofuels Association, American Petroleum Institute, and Biotechnology Industry Organization, are just a few. With a net value of about seventy billion, Bp has many shares/stockholders and cares nothing more than making these valued customers happy with their decision to invest in...
Words: 610 - Pages: 3
